2. HR Recruiting: Is your office looking for some new blood? Why hire a staffing agency or recruiter to search for new hires, when you can do it in-house for less money? Twitter, Facebook. and LinkedIn to the rescue. How these 3 platforms can help? You can get the word out a lot faster on these social platforms. In addition, your employees can Tweet, share and/or post on their personal channels (if they are so inclined) in order to bolster the word of mouth that there are great job openings available for your place of business. For example, recently HubSpot Tweeted they were looking for developers and people (employees and followers) ReTweeted it like crazy! Great promotion for a job opening, and without breaking the bank.
3. PR: Thinking about hiring a PR agency to help your company? Hiring one can be a great idea especially for companies who have the funds to do so. PR agencies offer help with strategic messaging and consulting during crisis communication. However, for those looking to do PR in-house, social media can be a great asset to build relationships. Businesses can reach out directly to journalists and infuential bloggers through Twitter and other social channels. That way your company can build a relationship with these journalists and bloggers and maintain them over time. Or you can use this as a way to augment PR efforts, which is great, especially for smaller businesses. First step is to ensure a company Twitter account is up and running. Then utilize it to reach out to bloggers in your brand category as well as prominent journalists who you want to work with and reach out to. If you already have a social media department and/or community manager, this is a great item to add-on to their job description instead of hiring a consultant from the outside. Save the money, cut costs, and create more revenue!
4. Lead Generation: Instead of wasting money on buying a prospect list for Lead Gen, why not try some cheaper/easier social media tools for lead gen such as Twitter,Facebook, Follower Wonk and more. These tools are helpful to search quickly and efficiently regarding influencers in your brand category. You can compare stats and followers of these people to see who’s worth your while and who you’d rather pass up. Although buying a list may be quicker, these tools are less expensive and if you social media experts in your company at your disposal, why not give them more responsibility and have them assist with lead gen efforts?
5. Marketing Research: No company/business can afford to fall behind its competition. Competition can be cut-throat and your business has to be able to stay on top, rather than get “cut.” Marketing research is key in these efforts to stay ahead — in order to know what the consumers are saying, how they feel towards your brand, how they feel towards your competition, and what your competition is doing. It is not enough to know on a monthly or yearly basis anymore. Businesses need to know in real-time what’s going on so they can act accordingly. Luckily, there are many social media tools for competitive analysis. These apps along with the employees to oversee these channels are key in efficient and effective marketing research that stays ahead of the curve.
So, don’t be afraid to try something different — embrace social media, because nowadays businesses and consumers alike prefer things in real-time for a cheaper cost. Utilize it, Share it, Save Costs, and Increase Revenue!
Note: this was originally a post written for oneforty, which was acquired by Hubspot.