5 Key Steps to Developing the Perfect Social Media Strategy

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For any online venture to succeed and indeed thrive it’s really important to have a Social Media Strategy. Engaging with your customers online is not simply something that you may consider. Instead it really is a must.

The Biggest Customer Acquisition MistakeHowever in order to do this you need to have a plan in place, a tried and tested, well-proven strategy that works. Here’s how to go about it.

5 Steps to Your Social Media Strategy

Step 1 – Education

Whilst it’s true that most of us use social media in one form or another, many businesses fail to see the true potential and how it can be optimised for business use. All too often businesses simply dive in without much of a clue and end up damaging their reputations. This is often irreversible. Instead educate yourself and your team to the possibilities of social media as it’s critical to understand the concepts before you take the plunge with a clear Social Media Strategy. The nice thing about Social Media is that it is all publicly visible. There is lots of information available online and you may want to check out your competition or other similar industries and see how they are going about it.

Step 2 – Goal definition

Ask yourself what you’re trying to accomplish with your efforts and build your Social Media Strategy around this. For example, is it just to gain a following that you can then market to, or is it to generate sales? Are you looking to establish your brand, or are you looking to reinforce values and build trust? It may be a mix of several, or simply to concentrate on one main topic, either way your intentions need to be defined before your Social Media Strategy can be formulated.

Step 3 –How to measure your success

You need to consider how you track your success. Is it measured in time, or is it measured against a certain number of followers or Facebook likes per month? Alternatively, is it cold hard sales that define success? Either way, this needs some serious thought. Your Social Media Strategy needs to clearly articulate

  • What you will measure
  • How you are going to measure it
  • What targets you are putting in place
  • How often will it be reviewed and by whom

Step 4 – Look at tactics

Okay, so you’ve educated yourself to the world of social media, you’ve defined your business goals and you’ve implemented ways to measure that success. Now you need to look at how you’re going to achieve it. Social Media is a very broad area and for an effective Social Media Strategy, you need to decide where you are going to focus most of your marketing efforts. You need to decide what specific Social Media Channels you are going to pursue and to what degree. You also need to be clear about what resources will be applied to this (internal and external) with a clear statement on how you’re going to implement it. Expecting that this will happen after all the other work is done will not work.

Step 5 – Execution

This is the final part of the 5 step social media strategy. As with any strategy it needs continued effort and commitment as well as resources and talent. As with other activities in the organisation – it must be part of someones job. There has to be review and accountability. For successful execution it is critical to measure activity as well as results. Measurable results using social media do take time, and this won’t happen unless you start the ball rolling and put things into practice, so why not take the plunge today.

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About Author

Donal O'Sullivan

Donal O'Sullivan

Donal O’Sullivan is a commercially focused Digital Marketer with 10+ years experience helping B2C & B2B clients. Donal has worked with many small to large enterprises locally and internationally and has a proven track record of driving revenue gains and brand awareness through integrated campaigns both Online & ATL. In his previous role Donal worked for AXA Insurance, Ireland’s leading Insurance company. He was responsible for the strategic and day-to-day management of the AXA brand for business generation in their online channels. Donal lives and breathes digital and will help you identify real opportunities by concentrating on data driven analysis to guide commercially focused marketing and optimisation decisions across:      Acquisition, Conversion & Retention

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