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The Importance of Social Media Social Media’s Impact Across The Purchase Journey • Social media is fast becoming the new front door for any business. A venerable powerhouse, supporting nearly every % of Internet users who… marketing objective from brand awareness to advocacy over the past decade. Discover brands via ads on social media 28% • 68% of the UK population are active Social Media users, Discover brands via recommendations/comments on social media 25% highlighting the increased demand for effective social media marketing. Use social networks to research products 42% • Consumers are spending up to 3 hours on Social Media platforms per day and even longer looking at their mobile Clicked on a sponsored post on Instagram (among Instagram visitors) 17% screens Motivated to purchase by lots of likes/good comments on social media 22% • When it comes to using Social Media, consumers in the US and UK say researching products, entertainment and news/current Motivated to purchase by a “buy” button 12% events are important to them. Question: How do you typically find out about new brands and products? Which of the following online sources do you mainly • use when you are actively looking for more information about brands, products, or services? On Instagram, which of these Almost a third of online consumers use social media to research have you done in the last month? When shopping online, which of these features would most increase your likelihood of and find products to buy. Consumers now go on social to buying a product? connect with their favourite brands, research products, and Source: GlobalWebIndex Q2 2019 Base: 139,658 internet users aged 16-64 and 73,470 Instagram monthly visitors/users purchase the products they research. The Importance of Social Media Content used for research on social • 71% of all decision makers say social media is influential when they’re researching or considering a new product for their % of decision makers who use these platforms to research new company. products/services find the following social media content most useful Posts by • Those aged 55-64, however, say blogs and online ads are on par Conversations Influencers/ with social media as a source of product information. Posts by users Posts by with friends or Thought of the product companies colleagues Leaders 62% 60% 52% 46% • Social Media platforms are also gradually becoming a place to complete purchases, as networks mature further 64% 61% 54% 49% 66% 64% 52% 52% • Social Media is the golden thread of the whole customer journey throughout, as it allows a unified customer experience, 64% 64% 56% 52% as people are buying into experiences, not just products. Social 60% 58% 54% 46% compresses the customer journey from days to hours. 63% 61% 53% 46% Social media is valuable for businesses of any size or industry, and finding customers on social media has a direct impact on Question: Which social media sites do you use to research/consider new products/services? When using social media to research products or services, which of the following do you find useful? sales and your bottom line. Source:GlobalWebIndex Work 2019 Base: 11,653 decision makers aged 16-64 The Importance of Social Media • The role of social media in the purchase journey is by no means reserved to the much-coveted purchasing stage via a “buy” button on a social platform. In reality, social media brings added value to each stage of this process. Only with this in mind can the true potential of social channels’ role in the purchase journey be realized. Social media is, now more than ever, a powerful tool for • Social commerce must be viewed within the frame of omni-channel retail strategies and beyond clicking “buy” buttons on social platforms. Shoppers are increasingly making use of a multitude of channels when 1. Retrieving consumer insights looking for and buying products online. Social channels can be used in conjunction with – and complementary to – other commerce channels to provide a convenient and seamless consumer experience 2. Generating brand awareness, as well as at each stage of the purchase journey. maintaining relevancy 3. Providing a seamless shopping experience • Social Media today has evolved to more than just a space for communication, content sharing and news consumption. It has increasingly become not only a tool where general networking can easily take place, but also a space that serves the needs of businesses – everything from advertising and marketing to ecommerce sales. But it’s the possibility of completing the purchase journey while remaining within the ecosystem of these social platforms which has emerged as the “holy grail” in the development of social commerce. Storytelling Highlight The Different Parts of Your Business Brand Actions on Social That Prompt Consumers • As a Branding and Marketing tool, Social Media is extremely important not only to sell a specific product, but also to create an experience, to to Purchase share the passion and work put into the actual final product. % of Internet users who… • With basic Marketing Principles in mind, and looking at the “Brand Being Responsive 48% Actions on Social That Prompt Consumers to Purchase” graph, it is important to communicate to the consumer what Wine really is: the Offering Promotions passion committed generations put into a product that will be enjoyed 46% by other families. It’s the vineyard, and the teams that look after it all year round. It’s the winery, the processes, methods and equipment. It’s Providing Educational Content 42% the winemaker, their experience and unique style. It’s craft, knowledge, art and technology. Wine is where nature, innovation and love all come together. And this is fascinating, whether one is a true connoisseur or Sharing Interesting Visuals 38% the occasional drinker. Being Funny 36% • This inevitably touches point with Tourism, which in turn brings out a panoply of related topics not only for their commercial value, but to Offering Exclusive Content 35% help sell your story and create a customer experience. You can share your winemaking, viticulture and, grape and wine varieties, alongside cellar door, culinary and other visitor experiences. Providing Behind the Scenes Content 27% Source: SproutSocial.com/index, Q2 2017 • There’s a real opportunity to explore, develop and promote English and Welsh authentic wine experiences and recognise the UK as a global destination for international and domestic visitors through lifestyle Because these topics are all so interconnected and with no pre-defined guidelines of offering as well as niche “wine tourists”, who choose their routes based on wine and food experiences. where one ends and the other begins, the points made throughout this document are all entirely relevant for whichever side of the business you’re looking into communicate and promote through your social channels. In fact, they should all be, as together they tell a story! Knowing Your Audience • One reason whyt using social media for business is so effective is that you can micro-target your audience. But first, you need to understand who your audience is. • Social media allows companies to listen in on unfiltered conversations consumers are having about their preferences, experiences, and habits. • Start by thinking about your target customer. Then, compile data on your current customers. Then, dig deeper with social media analytics. You’ll start to develop a solid picture of who’s buying from and interacting with you online. of people who use Twitter • What are their interests? do so to keep up to date with the world around • Their location? them • Their age? • Occupation? • What do they use their social channels for? • And based on all this, what would they like to see from your brand? to keep up to date with To keep up to date • Current trends are very applicable to your social media content. Topics like friends and family with what’s trendy sustainability, veganism, zero waste, natural produce, local produce, and so many other trending topics will help you capture eyes and hearts.
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