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Get social with your business: 6 tips to get you started.

Social media is quickly becoming one of the most effective ways for small businesses to connect with current and prospective customers.

WebFuel’s Canadian Social Media Statistics 2013 shows that Canadians are global leaders in social networking usage. According to Socialnomics, as of 2013, two out of three Canadians use social media in one form or another. And Statistic Brain ranks Canada above the United States in their list of the top 10 most engaged countries in terms of social networking.

An October 2013 report from BMO Financial Group shows 57 percent of small businesses in Canada use social media — a 42 percent increase from the previous year. So what exactly are Canadian small businesses using social media for? Here’s a quick look at what the BMO® report revealed:

  • Almost half of all businesses (46%) use social media to promote their company’s brand, while 38 percent use it to sell their products and services
  • Another 38 percent use social media to crowdsource ideas or suggestions, up 15 percent from 2012
  • Approximately one-third (35%) leverage social media to track what is being said about their company, an increase of 17 percent from 2012, while 25 percent track sentiment about their competitors
     

If you’re not already using social media in your business, here are a few reasons to start. Used correctly, social media:

  • Gives you the ability to reach potential customers who otherwise would not know your product or service exists
  • Allows you to establish a personality for your brand — and convey that personality to current and prospective customers
  • Provides a direct connection with your customers in a way that’s not possible through traditional advertising
     

Six tips to get your business on social media

If you’re ready to try social media, here are a few tips to help you get started:

  1. Follow your customers: Find out what types of social media your customers use the most. For example, does your product target women? If yes, consider using Pinterest, since according to a recent Pew study, women are five times more likely than men to use Pinterest. Or, does your product target millennials? If yes, consider using Facebook, as Pew indicates Facebook is their most used social medium. You might even consider where your customers live — Pew found that city dwellers are more likely to use Twitter than those who live in the suburbs or rural areas. After you find out where your customers are, make it your mission to get active on that platform.

  2. Start small: When you’re first starting out, there’s no need to create an account with every social media platform. In fact, it’s better to focus on just one or two at the most. Concentrating your efforts may help you produce stronger content that’s tailored for that specific platform — ultimately yielding better results.

  3. It’s not all about you: A common social media mistake is only talking about yourself. The majority of your tweets should be about your customers with only a small percentage about your business. Make that small percent count by focusing on shares that include information, contests or links your customers will be interested in and want to share with their own friends and followers.

  4. Be responsive: If a customer posts on your wall or sends you a tweet, you need to acknowledge it. Even if the customer’s post or tweet is a complaint — in fact, answering is especially important if it’s a complaint. This is an opportunity to connect directly with your customers, and how you handle these types of interactions will go a long way toward customer service.

  5. Consider a company blog: If you have the ability to produce content on a regular basis — experts suggest at least once a week — a company blog is a great way to showcase your industry expertise while also allowing your business’s story, brand and personality to shine.
     
  6. Understand the metrics: Many social media novices measure their success based solely on their number of followers or page likes. You also need to take into consideration the number of conversations, mentions, shares, retweets, etc., to more accurately measure the success of your efforts. Also, consider your bottom line — are you gaining more clients or customers and generating more revenue as a result of your social media efforts? If so, you can consider your efforts a success.

Click here to read the full BMO report.

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