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    Where do Business Opportunities Lie in Social Media?

    July 28, 2010 Posted by : Tim Hagen
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    We all know the importance of social media. We have heard that it will help lead us to prospects, and it will give us more face time with our customers. Deming Hill did some research and put together these statistics:

    ·    Adults spend 15+ hours on the internet every month
    ·    93% of B2B buyers use search engines to begin the buying process
    ·    9 out of 10 consumers will find you when they are ready

    This means that your company had better be out on the Internet for someone to find you, and this is where social media is the most beneficial. The more items you enter into a Facebook page or a blog, the more likely a potential client is to find you. Deming Hill found these statistics out when they did research on the biggest social media site-Facebook:

    ·    40% of Facebook users become fans or followers of brands/services.
    ·    60 million status updates happen daily on Facebook
    ·    50% of users log on everyday and average more than 55 minutes a day
    ·    If Facebook were a country, it would be the world’s 3rd largest:
    1.China
    2.India
    3.Facebook
    4.USA

    Facebook is a great site to connect with fans (just make sure that your site doesn’t become more social than professional). Clients and customers are on Facebook; so, ask them to become fans of your page. Include upcoming events, polls, pictures and anything that makes your page more interactive. With new features, you can also upload whitepapers, blogs and videos. When it comes to social media, Facebook isn’t the only site that can bring you prospects. Twitter also has a large following:

    ·    Twitter averages 50 million status update per day
    ·    20% of all Twitter communication contains a reference to a product or a service
    ·     41% of business owners say that Twitter delivers great value to their business
    ·     44% of Twitter users have recommended a product or a service
    ·    58% say they have tweeted about a bad experience

    So, if your customers have a bad experience with your service or product, you can bet that people are going to know about it. Make sure that your customer service is top notch. At the Twitter site, you can search your company and see what people are saying about it. If there is a positive post, the reply to the “tweeter” and thank them for the kind words. Twitter not only allows you better your service, but it also allows you to stay in front of your contacts. You can enter links into tweets that draw people to your website.

    It’s been proven that people are out there, on these sites. Now it’s up to you to harness the tools and use them to your company’s advantage. Once you've got a good grasp on social media, you will begin to see your sales progress.
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    About Author

    Tim Hagen
    Tim Hagen

    Tim Hagen founded Progress Coaching, a Training Reinforcement Partner Company, in 1997. His entrepreneurial career began in college leading to positions in sales, sales management, and sales training for small and large corporations, and eventually ownership of several training companies. Tim is often a keynote speaker at companies teaching the value of coaching and conversations in the workplace. He possesses a unique combination of hands-on experience, academics, and innovative insight to solve the industry’s most common challenges specific to workplace performance. Tim holds a bachelor’s degree in Adult Education and Training from the University of Wisconsin, Milwaukee.

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