Posts Tagged ‘Social Networking’

Which Social Media Network Is Worth Tapping Into Most?

Wednesday, January 26th, 2011

Which Social Media SiteDid you know that social media locations have become the number one place for people to spend their time online? As people find staying in touch a more and more enjoyable experience and a better place to hang out than in front of the television most businesses have wised up, got themselves a website and payment gateways and started to try to build a social bridge to their customers.

Big companies will have the budgets to attack every social network they can find and draw all their customers on there too. But for a smaller company they may have a limited amount of money to spend on social marketing and may be forced to choose a couple, or even just one network to address.

Here is an outline of some of the big social networking sites and whether you should pick them as your social network of choice or not.

Twitter

Twitter is a micro blogging site that limits users to small amounts of text to make their point. While this may not sound like an ideal way to get your carefully worded marketing message across it has become a medium which holds a lot of weight. If you can get enough people following your twitter feed you will have a lot of people with eyeballs on your message that could potentially buy something or even send your message on to someone that they think will. In essence get the mob to do your marketing for you in a highly targeted way.

Facebook

Facebook is the biggest social network which has infiltrated the lives of billions and is a rapidly expanding place for businesses to meet face to face with their customers. The main problem Facebook faces is that people don’t really go on Facebook to buy things; they go on to hang out with friends. What you can do with Facebook is incorporate it into your website. Giving your visitors the chance to see what their friends think of your products at a glance may well sway their opinion. Plus, you can encourage people to become ‘friends’ with you on Facebook using incentive schemes that builds your network of followers and increases your chance of sales.

Google Me?

One massive company which has been dipping its toe in the social media waters for the last few years is Google. They have tried and failed before to launch social services but as yet they have not worked, allowing Facebook and Twitter to get where they are. However, if Google does succeed one day, their already established place as an organic and paid advertising medium may mean it will be the best network for you to be a part of.

Getting socially active with your business is reaching the stage where it is practically as important a prerequisite of being successful online as employing a good payment service provider. Basically get out there and get interacting with millions of potential customers. It only takes a few minutes.

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Social Media is Becoming a Major Business Channel

Thursday, July 1st, 2010

Social Media

While we mentioned in a previous post how social media can be a valuable tool for online businesses, new statistics have arisen which show just how big a part of our lives they have become. Two reports, one by Hitwise and one from Econsultancy show some remarkable results.

The results produced by Hitwise show that in the UK in May, there were more people using social networking sites than search engines. This is an alarming statistic for some as it shows the extent to which social networking has grown, to where it can attract more visitors than the giant search engines. From a business point of view this brings up the question, where should your investment in advertising be made? And if social media is going to become a consistently more visited medium than the search engines, will people be as easy to pitch to when they are chatting to their friends about a product as opposed to when they are actively searching for a something they want?

With this in mind, Econsultancy’s 3rd annual Online Measurement and Strategy Report handily shows that since 2009 there has been a 9% increase in the number of agencies using social media monitoring analytics. This is the biggest increase in all types of analytics, proving that people are now beginning to appreciate the power of social media and are looking for ways to use them to help their business. The report shows how organisations use a variety of methods to monitor social media including free to use feeds and dashboards, web analytics tools, paid for reputation monitoring tools, a mixture of all of these or of course, none of these. It seems business is going social in a big way.

However, Hitwise’s statistics when broken down show that Google on its own is still the most visited site in the UK. This may be just a sign that Google is beating its rivals into submission leaving a space in the stats which happens to be filled by a social networking site (Facebook is second, 2% behind), but if you look at it another way, people may be getting from social networking what they were looking for from search engines, plus all the fun and games on top. Why go back to a search engine?

Whether these stats herald the beginning of a new age or just signify a blip being followed up by a conscientious tech savvy business community, only time will tell. But if companies are to move to a more social media centric forum you can be sure that Lancore will be there ready and waiting with all the online multi-currency payment processing required.

As an intrinsic part of the Lancore team Martin Able is specialised in arranging secure payment gateways for quick and effective money transfer services.

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