Showing posts with label twitter. Show all posts
Showing posts with label twitter. Show all posts

Monday, June 24, 2013

How and Why Social Media Matters to Your Business

Just about every business leader has heard about it, but that doesn’t mean every business leader understands it.

Social media is no longer optional. It’s a priority in every business’ marketing portfolio and it’s been this way now for years. The reason social media drives success is because it has revolutionized the way brands and businesses communicate with their customers.

While print marketing is still a valuable form of advertising, social media goes beyond one-way communication messaging. Social media is about engagement. It’s live and it provides businesses with the tool for two-way communication with their customers.

Sadly, only 1 out of 3 small businesses use social media according to research done in 2012 by Gartner, an IT research and advisory company. Furthermore, they also report that 50% of web sales will occur via social media by 2015.

Doesn’t it make sense for every business to be a part of that?

What business owners should know is that social media is now a major part of most people’s lives. That same research shows that 79% of Facebook fans are more likely to purchase from a brand they have connected with on Facebook. Facebook says they have more than one billion users on the site each month as of March 2013.

The statistics are practically yelling about how important this business opportunity is.
This gives brands the opportunity to humanize themselves and start engaging with consumers. In the process, businesses receive the following benefits:

  • Increase sales
  • Increase prospects and leads
  • Build brand awareness
  • Improve knowledge of prospects and clients
  • Improve marketing ROI
  • Become the thought leader in your industry
  • Launch new products or services

Here is a checklist for business owners to understand what resources they need in order to effectively manage social media:
  •    Know your audience and who you are targeting: age, location, income, etc.
  •    Speak AND listen. Social media is not a billboard; it’s a conversational venue.
  •    Diversify your content. Post pictures, ask questions, experiment, and be fun.
  •    Be professional and personable. Depending on your brand and messaging strategy, you’ll fall somewhere in the middle of the professional-personal spectrum. Make sure messaging is never too stiff or too personal sounding.
  •    Know how to manage ROI or employ someone who does. Study metrics and insights and adjust content to what works.
  •    Know when to get help. If you are unable to do social properly and effectively, hire someone who can. There is no value in social media if it is not done right.
It’s past the time that every business owner understands social media so they can use it to their advantage. Almost 8 new people come onto the Internet every second. Will they find you?

Contact Tray, Inc. for your Social Media Management Solutions today.

From social to print, we are going to take you places. Contact us to get started today.






The Tray Way is the blog for Tray, experts in the printing, mailing, logistics and promotional products. You can learn more about our capabilities by visiting our website, as well as our Facebook and Twitter pages. For information about the company and its successes, visit www.trayinc.com




Thursday, July 19, 2012

The Tray Way: Does Social Media Presence = Individual Business Success?

The statistics on social media popularity continue to grow and grow. Facebook, Twitter and LinkedIn set new benchmarks on a monthly basis, and with the rise of sites like G+, Pinterest, Yammer and others, you might think that there is a social networking site for EVERYONE that could ever want one.

Well, one demographic has apparently stayed away from the fray: Fortune 500 CEOs.

A new, fascinating study by the consulting company Domo indicates that approximately 70% of the heads of the world's largest companies choose not to participate in the marketing juggernaut that is social media. In addition:
  • 38 Fortune 500 CEOs are on Facebook (Michael Rapino of Live Nation Entertainment has the most friends with 1,723).
  • 20 Fortune 500 CEOs who have opened Twitter accounts (5 have never tweeted).
  • The average number of followers for Fortune 500 CEOs with Twitter accounts is 33,250 (Rupert Murdoch has the most with 249,000 followers)
  • 10 Fortune 500 CEOs have more than 500 LinkedIn connections, while 36 CEOs have 1 LinkedIn connection or none.
  • Six Fortune 500 CEOs contribute to blogs
  • Zero Fortune 500 CEOs are on Pinterest.
As an organization that covers all sides of the marketing world, three thoughts came to our minds after reading this:
  1. You can "observe" social media without "participating" - CEOs may not have social media accounts for personal or professional reasons, but having a wife/husband that has an account to keep in touch with friends and family, and a staff member maintain one concerning the business serves the same purpose.
  2. A CEO's fame is different than a celebrity's fame - A Fortune 500 CEO is famous for the mere fact that they head their company, but unlike the Hollywood mantra that "all press is good press," a CEO not only doesn't need to saturate the internet with their every thought to gain fame, but if they do, it can cause unexpected repercussions (e.g. a swing in stock price).
  3. Over the next 5 years, this statistic will inevitably and drastically change - For all that is said about the ability social media has as a marketing tool, the platform started as a communications tool for college students, and then branched out from there. When measured against the fact that well over 60% of current Fortune 500 CEOs are over 50, it shouldn't be a surprise that a majority of these executives have chosen to use more established means to communicate. However, the next generation of CEOs are being groomed right now, and they have made their way up the career ladder partially due to networking, both in-person and online.
This survey, while intriguing from a biographical perspective, is missing a truth. While all these individuals may not be utilizing social media, they understand that others are. So, they are making sure that their companies are using it as a listening tool, a customer service tool, a branding tool, etc. So, while you might not see status updates or family vacation pictures of some of the most well-known business men and women on earth, you can be sure that they know that is how you use social media, and they want to use that to their company's advantage.





The Tray PML Way is the blog for Tray, experts in the printing, mailing, logistics and promotional products. You can learn more about our capabilities by visiting our website, as well as our Facebook and Twitter pages. For information about the company and its successes, visit www.traypml.com