What is the Impact of Social Media Marketing?
Social media has increased the visibility of a brand and has allowed for a greater number of people to view its products and services. However, traditional advertising costs a lot and is not a guarantee of a return on investment. Therefore, many businesses have begun to hire community managers to interact with customers and analyze product and audience data. Moreover, measuring the impact of social media marketing is crucial for the success of any business.
A social media presence is the key to creating a positive customer experience (CX) for a business. Creating a personal connection with consumers is essential for creating brand loyalty. According to a recent survey, 71% of consumers would recommend a brand based on their experience using social media. Businesses can do this by being genuine and acknowledging their audience. Further, it is estimated that 60% of consumers use social media to engage with brands.
Social media can help a business reach new customers and retain existing ones. It also generates reviews and builds customer loyalty. It also helps boost search rankings. In addition to this, social media allows businesses to stay top of mind among their target audience. Moreover, social media also gives them the option to interact with their customers and answer their queries. This helps in evaluating competition and assessing the impact of different social media platforms on a business’s brand image.
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