Marketing Strategy: How to Choose the Best Social Network

How do I choose the best social media platform for my business?

 

As if you don't have enough to focus on as a business owner, social media can be an incredibly daunting and time-consuming task. Keep it simple and focus on the social media sites that will bring the most amount of traffic for the least amount of energy and time commitment.

 

Choosing the right social network

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Every week there's a new, trendy social network. First, it was Facebook, then Twitter, Pinterest, LinkedIn, Instagram, Google+, Tumblr, YouTube, Snapchat, and the list goes on.

Unless you have a dedicated social media team, managing each platform is simply unrealistic.

With endless strategies on how to choose the right platform here's the one that's produced the greatest results for both myself and clients. 

 

Study your competitors; avoid their mistakes

First, see what works best for your competition. There's no need to reinvent the wheel. 

Write down your top five competitors (or websites most similar to yours).

Then go to www.similarweb.com and run a free analytics report on each. Scroll down to the section titled “Social” and make a note of their top three referral sites. For example:

 

 
 

 

Analyze the top referral sites for each competitor and record the data into a simple spreadsheet like the one below. On a scale of 1 to 3 rank the top three social media referral sites for each of your competitors:

 

 

Click here to download this free template.

 

 

Once you've recorded the top three social media sites for each competitor you can tally their overall score. The platform with the highest score tells you where to focus your marketing strategy. Depending on how much time you have available you may choose to focus on the top-ranked platform, top two platforms, top three platforms, etc.

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Remember, don’t simply pick the network you're most comfortable or familiar with. You have to pick the one that works best for your industry and can drive the maximum amount of relevant traffic to your website. No sense wasting your time fishing an empty pond!

Building a simple tracking spreadsheet will give you valuable insights into where your industry obtains the bulk of its traffic and customers, saving you loads of time and energy by eliminating the least valuable platforms.


Bonus: Leverage Apple's iPhoneX pricing strategy to increase your own bottom line. 


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One size DOESN'T fit all – Build your Marketing Strategy Accordingly

Keep in mind, what works for someone else might not necessarily work as well for you, however, this strategy will (at a minimum) allow you to make an educated decision on where to start.

Over time you're going to discover which social networks work best, and which don't. Social media strategy isn't something you can "set and forget”, but rather, something you must constantly monitor and fine-tune to maximize your inbound traffic.

 

Which social network works the best for your business? Let me know in the comments below