To often social media is looked at as solely as marketing and business development tool for growing your exposure among those who have never, ever, heard of a product. It is seen as an avenue that will cut down the all the noise and bring in the new.
The same ideas have been applied to meetings, and tradeshows with many organizations these tools in an effort to boost the attendance from new prospects.
However, if that is all Social Media is being used for then a major benefit is being missed.
The greatest power of Social Media technologies lies in the ability to increase your current communities interaction with your product and service. It is a tool for increasing that engagement and increasing incremental spend and use. If you were to grow the value of each of your current customers by 10%, what would that mean for your business and event?
Social Media has the ability to grow your current customers infatuation with your product by providing information that is valuable. The more valuable they find your information, the more likely they are to use your product or service. And all events are essentially a product and a service. Get it?
As you increase their engagement, you are working to elevate their level of fandom. The more they love you, and see value in your product, the more likely there are to recommend you to their friends, family, co-workers and strangers in the line at the grocery store. Word of Mouth is still the best and cheapest for of marketing available and this is an incredible tool for harnessing that form of marketing.
Work to engage your core community: Give these users and fans information of value and you will see a return. Spend your time thinking of how you can get your database to subscribe to your blog and then link to you through Facebook and Twitter. Think about what information would provide the biggest benefit, or even better, ask your customers. Make them feel as if they are a part of the process and let them know how much they mean to you.
Create a plan: The most under-utilized strategy of a business launching a Social Media Strategy is the initial announcement to their current database. An announcement that explains what the current customers can expect from the interaction and invites them to become a part of your success. It’s a great time to ask for feedback and let your core group of consumers know that you welcome their ideas and input.
Spend some time before you launch this and identify the core topics you are going to be discussing. Make this a focus point of this announcement and make sure it is clear what you can be counted on to share. This will help you more easily create content and will help your customer understand when they should turn to you.
Create Measurement: As your new Social Media Community grows, you need to know how and why. You need to understand what is influencing the growth so that you can be flexible and course correct along the way. Identify your top users and work with them to become even greater fans. Be sure and thank all of the community for their input and do so often.
It’s not an easy road and it will not yield immediate results. if you do see them…..count your blessings and be thankful. You are one of the lucky few. Social Media is not a quick fix, it’s a long term strategy and a commitment to your customers to make their lives better and easier. Approach it with a full heart and a focus on giving back and you will increase your business.
What do you think?


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