A branded social media presence is inexpensive and very valuable to any company. Marketing and new business may be the first things to come to mind when you think of
social media marketing however you can make a social media page like Facebook do a lot more for your company:
1. Find Quality Employees and Keep them Longer:
Actively using social media will ultimately build your brand online. Which will aide human resources by attracting more job candidates. Encouraging current employees to use social media by corporate blogging or running a company Facebook page will make staff happy and encourage them to stay longer.
Ultimately this will decrease employee turnover thus lowering hiring and training costs and lower costs for job advertising.
2. Communicate with Customers:
A social media presence makes you more available to your customer. Allow your social media sites to become a line of communication between you and current or potential customers. Use social media to address timely customer problems and needs in an open and public setting. This type of accountability will go a long way with customers and build their trust.
This method of customer service will cause less customer churn and lower customer acquisition costs and increase customer conversion rates.
3. Share News and Build Media Relations:
Social media is being used more and more by traditional journalists as well as bloggers etc. It is a great way to spread news and information as well as sharing photos, links and videos. Get the word out and educate consumers and journalists alike.
When press about your company is reposted to another site it increases attention to your brand and business and can increase traffic to your website and ultimately grow your customer base.
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