Monday, November 10, 2014

ONE SOCIAL MEDIA PLATFORM OR MANY?


ONE SOCIAL MEDIA PLATFORM OR MANY?

            This question can be answered in several ways, with advantages and disadvantages to picking one road or the other, but while the decision to focus on one or many is debatable, it really comes down to resources.
            Big corporate giants have resources. They can designate an entire department solely to the management and cohesiveness of its social media platform. This might have one senior level manager keeping a finger on the rest of the group, ensuring the messages across all platforms are accurate and consistent. One employee might work on Twitter all day, tweeting and managing ads, and looking for relevant hashtags to join conversation. Another will have the same duties for Facebook, and YouTube, and Instagram, and LinkedIn, and Pinterest, and so on. Wherever relevant and adding value to the corporation, a resource can be placed in that area.
            For the big corporations that have the resources to spare, it is advantageous to be everywhere, linking the media platforms together to raise awareness and increase connections across the various sources. If it is possible, to have a presence everywhere and get the exposure of all of these platforms linked together, that can have an amazing impact.
            For a small business, it is much more difficult to try to keep up with all of it. Generally, one person must manage the social media aspects of the company, and most of the time, that person is managing several other areas of the marketing as well. In some cases, one person is managing all of the marketing in the company.
            If your company can’t afford to divide and conquer, then conquer with just one or two. If your company is a start-up, in those first 3-5 years of businesses, or just starting up in the social media realm, then choose just one, and focus all of the attention to gaining a large and captive audience in that one spot.
            So, first and foremost, decide which is the most likely you can rule in your industry (or at least claim a top spot); keep up with enough that you engage a willing and hungry audience.
            Making the choice of which to go with can be difficult. Twitter is great for everyone, and has an active participation of individuals and all kinds of businesses. Twitter is great for locking in on conversations, joining in and using hashtags to further the conversation or involve others. Twitter can be effective, but only if you can engage several times a day. Instagram is great for food, fashion, or personalities (thenextweb.com, 2014). Sharing visual content once a day is sufficient and connects to a target audience. LinkedIn is a focus for business to business, or human resource companies or departments. Facebook, like Twitter, has everyone, individuals and businesses. The engagement is similar to Twitter, although generally more visuals, however the post frequency requirement is a bit less, usually once or twice per day. Google+ seems to be big for business to business and bloggers (thenextweb.com, 2014), and has a similar interaction to Facebook, with the added benefit of integrating keyword and search engine optimization on Google to increase presence on both. Google+ can be a great for businesses since a lot of the informal conversation is left for Facebook, and most of the interaction is on a professional level. YouTube is great for those that have time to create engaging and conversational video content, including ads, advice, and information. Many small businesses need heavier resources to create enough videos to gain an audience expecting consistent content. If you are a sole proprietor, or small business in food, fashion, or especially any DIY company, Pinterest will be beneficial, primarily for women-oriented products, since the ratio of women to men on Pinterest is 4:1 (thenextweb.2014).
            Once you’ve identified which social media platform would prove the most value versus time spent, as well as the platform the company can slowly become a winner, an organized approach must be created and implemented to reach that goal.
            One woman has built a very strong case for giving one platform everything. And her argument is quite strong.
            Megan Auman is one of those people that have built a business doing something they love. She designs jewelry, is an entrepreneur and educator, and provides excellent advice to the small business owner that is trying to carve out their market.
            The first point recognizes that Andrew Carnegie (the second richest man in history), gave this advice: “‘Don’t put all your eggs in one basket’ is wrong. I tell you ‘put all your eggs in one basket, and then watch that basket.’” Carnegie goes on to say that it’s much easier to carry (and not drop) one basket than many (designinganmba.com,2014).
            With too many social media platforms, the results are slow across the board, efforts spread too thin, so burn out is common, and the ball is dropped, often just on the brink of something great happening. We are impatient by nature; we hope to post something and see an increase in that interaction immediately. But give it a year before your expectations seek any type of traction, and then grab hold.
            As Megan points out, finding the best way to connect one on one with your customers is key. So if you discover a social media platform that can direct people to your website and get them to subscribe to your email list, that is your best conversational asset. They might miss your ‘tweet’ or the Facebook algorithms might bypass you on their news feed, but if you can get their most engaging point of contact (email), then you will be able to reach them no matter what.
            After giving that some thought, I think for small businesses, it could be very product or service dependent, or possibly personality based. You’re likely to spend the most time on a social media platform that you integrate well with, you feel comfortable with, and that gives you enjoyment, whether that be from success or from the connections you make.
            As a small business owner, the investigation of the best social media outlet has been well underway. Most of all, the realization is concrete that it is an investment of time in people, and engaging them to believe that it is worthwhile to make an investment of their time into your business.
            So, to conclude, the argument persists that big corporations can afford to go for all of it, but the small business owner should nail down one social media outlet that will connect with the audience on the most personal level to get the most engaging interactions, subscriptions, and email!

References:

Auman, Megan. Why you should focus on winning one social media platform. DesigninganMBA.com, April, 2014. Retrieved from http://designinganmba.com/2014/04/28/why-you-should-focus-on-winning-one-social-media-platform/.


 


Van Grove, Jennifer. Top 5 Social Media Tips for C-Suite Execs. Mashable.com, 2010. Retrieved from http://mashable.com/2010/05/11/social-media-tips-execs/.


 


Chitwood, Luke. Which social media platform is best for your business? Thenextweb.com, March, 2014. Retrieved from http://thenextweb.com/socialmedia/2014/03/05/social-media-platform-best-business/.

 

 

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