The use of social media and social networks to sell a company’s products and services is known as social media marketing (SMM). Companies can use social media marketing to communicate with existing consumers and attract new ones while maintaining their desired culture, mission, or tone. Marketers can use social media marketing’s purpose-built data analytics tools to track the results of their efforts.

Type of Social Media Marketing
Understanding the distinctions between different types of social media and how consumers interact with them can help you communicate with potential clients more successfully. The following are some of the most prominent social networking platforms.

  1. Discussion forums
    People are encouraged to answer each other’s queries and share thoughts and news in discussion forums. Many of these social media platforms rely on users to ask questions in order to get the best answers; responding them accurately and honestly might boost your forum credibility. And that trust and respect could lead to more people visiting your company’s or product’s website. You can also conduct market research via discussion boards by asking people what they think of your products and brand. This can aid in the creation of better targeted marketing efforts.

  1. Social network
    People use social networking sites to communicate with one another, and brands may use them in a variety of ways to attract customers. Users can share their opinions, form interest-based groups, curate information, submit images and videos, and participate in group conversations. With the correct targeting measures, you can reach a vast and diversified audience with adverts and influence influential people. You can also establish relationships between your brand and those individuals, do user research, and keep track of internet comments about your company. Learning what people are saying about your
    brand on social media can help you develop a positive presence and increase brand recognition.
    Ex :- Fecebook, Twitter, Instergram

  1. Bookmarking networking
    Users save diverse ideas, articles, blogs, and other stuff for later use on bookmarking networks. Many people also send out links to online resource lists. The goal of these websites is to find fresh information and discuss trends based on mutual interests. By providing your own information to bookmark, you may use social networks to bring visitors to your website and engage with and influence their opinions.
    Examples of bookmarking networks: – Feedly, Flipboard, Pocket

  1. Networks of consumer reviews
    Customers’ reviews of businesses are displayed on these sites, giving users a complete picture of the services and products available as well as the overall satisfaction rate. Customer reviews can help you spot any issues that a lot of people have and allow you to enhance their experiences over time. Positive reviews should be promoted, while bad reviews should be handled with care. This will increase your company’s popularity and brand awareness.

  1. Networks based on shared interests
    Use these specialist networks to let others know about your hobbies and special interests. Sites and apps specific to your industry might also help you network with people who share your interests. People may, for example, discuss their favorite books and obtain recommendations for what to read next on an interest-based website. Authors might set up profile pages to promote their work and respond to reader questions.

  1. Networks for the sharing economy
    People can gain access to resources by sharing goods and services on these platforms. For example, a pet-focused sharing economy site may assist a user in finding someone to look after their dog while they are away on vacation. It would be less expensive and more comfortable for the pet than a kennel. If you sell pet toys or food, you might get new consumers via advertising, perhaps by offering users free samples of your products or services.

  1. Platforms for video hosting
    Independent filmmakers, journalists, and other artists can use video hosting sites to allow their audiences to watch videos quickly and effortlessly. To reach new customers, brands might pay for commercials, persuade influencers to use and promote their products, or create their own video content.
    All social media networks are open to the public, allowing businesses to monitor the activity of their customers or potential purchasers. This allows marketers to have a better understanding of their target audience’s likes, dislikes, and interests, allowing them to develop a stronger marketing strategy to attract these clients.

Why Social Media Marketing Is So Powerful.
The importance of social media marketing may be summed up in eight reasons.

  1. Consumers seek advice from social media channels.
  2. Brand authority grows as a result of social media marketing.
  3. Social media marketing is already being used by your competition.
  4. You can target a very particular audience with social media ad networks.
  5. The expense of social media marketing is extremely low.
  6. Your website traffic will improve as a result of social media marketing.
  7. Increase brand exposure with a social media marketing plan.

How Social Media can be used effectively

  1. You Have the opportunity to tell your own story.
  2. With a small budget, you can build an audience.
  3. Learn as much as you can about your competitors.
  4. It’s possible to create custom audiences.
  5. Learn about the purchasing habits of your ideal customers.
  6. Increase your overall return on investment.
  7. Develop relationships with your prospective customers.
  8. Keep in touch with the people that matter most.