Everyone believes that building a social media following is the path to success. Every company is running the strategy of developing a social media network, whether it’s on LinkedIn or YouTube, getting that count ticker to increase is a competitive field. However, even if it’s beneficial, it’s something people get lost in. They forget that the best “social networks” are those where you actually have an edge, reach, and influence. The greater your influence, the stronger your defense.
Red oceans are saturated markets. Not to be offensive, but if you’re looking to buy one of those pre-built Shopify stores to drop ship from, you’re investing into a red ocean… Social media audience building is very similar – it’s challenging as everyone is pushing to capture the same exact audience. It’s key to have a following on social media, but don’t get lost in trying to do so. Instead, your business can try to consider the network hierarchy and then allocate resources to them. Here are some of them listed from least impactful to the most.
With your newly given notes above, it becomes clear why lifecycle and customer marketing channels are becoming increasingly important. More than just spamming the social media feeds. It’s impressive to have a massive following. Some people have as many followers as some countries have citizens, however, they don’t nurture the relationships with each follower to make it count and turn them into loyal customers.
Lifecycle Marketing: What is lifecycle marketing? Well, it’s the process of understanding and managing different stages of the customer’s journey with your brand. It focuses on engaging customers at the top, middle, and bottom of their journey (or the left and right since the buyer journey isn’t always a straight sales funnel) ensuring they get the right message at the right time.
Customer Marketing: On the flip side of the coin, customer marketing is all about engaging those that are already existing customers. Upselling would be the most common phrase here as well as cross-selling and pushing for repeat purchases. This process also involves turning those customers into advocates who can help bring in new business through word-of-mouth referrals.
Woohoo, you’ve made the end of yet another Be Uniic rant. Just kidding! While building a social media following that is massive is a worthwhile push, we all have to remember that the most valuable network isn’t in the numbers, but it’s in the fact that we’ve made an audience with influence. By focusing on lifestyle and customer marketing, and leveraging partnerships, companies can build a sustainable growth engine of network building.