The 5 ways social media affects your business

There are over 15 million businesses on Facebook. Twitter has over 200 million active users, and many of those users are Tweeting on behalf of a business. Instagram has 150 million users, and, increasingly, those users are companies looking for new ways to promote themselves. But skeptical small business owners might wonder whether all of this social media stuff really matters for their bottom line. Are these millions of users just wasting time online and procrastinating when there are more important things that could be done? What is the return on investment? Do all of those status updates, 140 character messages, and interesting pictures really bring in more customers? The answer is yes. We’ve got five good reasons why social media matters for your small business.

1.) Social Media Provides an Insider’s View to your Business

Spend some time on Instagram and you’ll feel like you’re getting personal photographic glimpses into people’s lives. It’s like paging through a friend’s photo album, except that you might not know that friend offline. Celebrities have taken to Instagram to get closer to their fans–singer Beyonce uses the social media outlet to post pictures of herself backstage and with friends. These peeks into Beyonce’s personal life are seen by 6.5 million followers. Instagram has, then, helped her boost her fan base. Businesses can do the same with Instagram. Think of your fan base as current and potential customers. You can use Instagram to show the behind-the-scenes elements of your company. Have a quirky Friday tradition in your office? Snap a picture of it for Instagram. Are you a restaurant owner? Post pictures of your food on Instagram to advertise new dishes. Are you a clothing designer? Use Instagram to show yourself in the creative process. No matter what kind of business you own, social media is a great tool to provide more transparency–and more trust–in your company.

2.) Social Media Helps you to Connect with Customers

There are over a billion people on Facebook, so if your business does not have a Facebook page, then you are, quite simply, missing out on connecting with a lot of people. Why is it important to post frequently to the social media giant? Because it is a perfect way to connect directly with your customers. Once people “like” your page, then they will see everything that you post and then they can interact with you online. Be sure to post every day to keep the name of your business on the minds of these page-viewers and also to develop relationships. Potential and current customers will use your page to ask you questions, to offer comments, and, yes, sometimes issue complaints. But if you respond to these customer posts in a timely and professional way, then you show that you’re a conscientious business owner who cares about your customers, whether they are happy or not. Facebook is also a fun way to connect with people–implement a weekly trivia contest, take pictures of your patrons and post them, ask your clientele to take pictures of themselves with your product and then post them to your page.

3.) Social Media Helps You Tap Into Industry Trends And Connect With Other Businesses

Platforms like Twitter and LinkedIn can help your small business tap into larger industry trends and join industry conversations. With Twitter you’ll want to follow lots of local people in order to build your customer base, but you’ll also want to follow other businesses that are similar to yours. By doing this you can see what social media methods have been successful for others and which methods have not worked. Twitte and LinkedIn also allow you to communicate directly with other businesses, industry publications, and social media gurus. By following the right people, you’ll have plenty of insightful industry-specific reading material at your fingertips. It’s like attending an industry conference every day without the hassle of traveling and spending excess money.

4.) Social Media Is The Best Kind Of Word-Of-Mouth Advertising

People are already talking about your business on social media–even if you’re not out there. But if you are present in the social media world, and you’re using the platforms correctly, then you’ll tap into the the best kind of advertising–viral, word-of-mouth marketing. This doesn’t mean that you need to use every single Facebook post to sell something, for instance. Personal, fun, and interesting posts are the ones that people share. And you want people to share your posts because then the name of your brand is not only seen by that one person who shared your post, but also by that Facebook users hundreds of friends.

5.) Social Media Allows You To Have Real Time Moments With Customers

Social media gives your business the chance to have “real time” moments with people online.  Let’s say that someone has a question about one of your company’s services. Instead of getting on the phone, they send you a tweet. If you respond quickly, then you have provided a direct, real time response to an issue that may have taken a lot longer to resolve if the customer had to place a call, perhaps be put on hold, and maybe even talk to several people before receiving the right answer. And by reacting quickly to tweets like this, you show the entire twitterverse that your company is on top of customer service.

Or maybe you see that someone has posted a picture of your product on Instagram. Simply by “liking” the post and posting a short comment you are showing that your business is run by actual people who care about connecting with customers. And, like on Twitter, that Instagram users followers will see this, too.