At the start of this year, analysts found that there were 2.8 billion active social media users around the globe. To put that number in perspective, 2.8 billion was the entire population of the world in 1955. This figure marks a global penetration of thirty-seven percent. What may come as an even bigger surprise is social media grew by twenty-two percent last year.
Based on those figures, it’s safe to say that just about anyone your business may want to reach is on social media. Of the billions of active social media users, 28% are on just one platform and another 24% are on two platforms. Active users of three platforms drop to 16%, then 8% for four platforms and only 4% for five. What those percentages show is when people find a platform they like, they’re going to stick with it. This is the first big lesson for franchises that want to utilize social media marketing. You need a clear idea of exactly who you’re trying to reach so you can find the one or two platforms where most of those individuals are spending their time online.
Getting Your Audience’s Attention
When Facebook made a big change to their algorithm a few years ago, they explained that anytime someone visited their News Feed, there were over 1,500 possible stories that Facebook could show. Since then, the rate at which social media content is produced has only continued to grow. While social media usage (especially on mobile devices) has also continued to increase, competition for attention is fierce. Because major media publications and businesses of all sizes want to get their content in front of people on social media, identifying exactly who you want to reach and how to get their attention is an essential component of a successful franchise social media marketing strategy.
From Social Media to Customers
Once you have the attention of your target audience on social media, you’ll want to provide them with consistent value in the form of great content. By delivering value, you’ll establish a trusted relationship with your audience. Having this level of trust will then allow you to make compelling offers that successfully convert a meaningful percentage of your audience into customers.
How to Get An “Unfair” Advantage
Even though we only skimmed the surface of social media marketing, it’s clear that developing and executing an effective strategy requires a lot of work. If you know that you want to utilize social media to market your franchise but aren’t sure where to start, take a look at how expert franchise marketing services from Franchise Success Team can put your organization on a path to online success.
Most franchises are already aware that they need a strong marketing message. However, there’s often a significant disconnect between crafting the right message and having an audience to deliver it to. The reality of the franchise industry is very few sales happen by accident. Instead, the types of franchisors that are able to consistently sell new franchises do so by having a clear marketing plan that’s carefully crafted to attract a specific type of prospect.
In order to craft this kind of marketing plan, there are some essential elements that need to be in place. We’re going to cover all four of those elements right now, along with the role they play in a franchise marketing plan:
The reason this element is first on our list is even the best marketing plan is only going to succeed if there’s a budget to support it. When it comes to choosing your budget, setting clear growth goals and then working backward is the best strategy. This will give you a ballpark estimate that you can then compare against industry averages. Once your marketing budget is set, you’ll be able to use it to check the feasibility of other steps in your marketing process.
2. Focused Market
Making the market you want to target as tight as possible has two significant advantages. First, you’ll be able to craft a message that truly resonates with these individuals. And second, you’ll reduce the amount of money you waste trying to reach people who aren’t ultimately the right fit for purchasing a franchise. In addition to using your intuition, you’ll want to use resources like primary research to really drill down into your target market.
Although marketing funnels aren’t a new concept, many franchisors still fail to utilize them. Creating a marketing funnel will make it much easier to track all the metrics related to your marketing. A well-defined funnel will also improve the effectiveness of your marketing activities. And by knowing each step in your funnel, you’ll be able to pinpoint areas that are underperforming and then invest in optimizing them.
If the franchise you’re selling has a seasonal element to it, this is something your marketing plan should take into account. But even if seasonality isn’t an issue, it’s important to know that franchise sales are at their peak between January and March, with November and December being the months when these types of sales crawl to a halt. By taking these and other timing factors into account, you’ll be able to choose the optimal times to ramp up marketing spend.
While the four elements we covered above will help guide your marketing efforts, fully crafting an optimal franchise marketing plan and then executing it on an ongoing basis still requires a lot of work. If you would like a knowledgeable expert who can help with these kinds of tasks, be sure to take a look at the franchise marketing services we offer.
One of the reasons that franchise marketing can be such a challenge is because it requires a somewhat different approach from marketing other organizations. While this type of marketing can present challenges, that doesn’t mean it has to be an uphill battle. As long as you know what works best and have a clear plan to follow, you can make your marketing efforts successful.
Since knowing where to focus and how to stay on the right track with marketing are some of the biggest challenges for franchises, we want to dive right into a handful of proven tips:
While franchises can be found in just about any industry, they all share some common traits. One trait that all franchises share is the need to bring in new customers on a regular basis. Although the number of new customers required can vary greatly depending on how much and how often they pay, new customers are still important.
A big obstacle for many franchises and other types of businesses is creating a strategy for consistently bringing in new leads. Since franchise lead generation can be a definite challenge, we want to focus on an approach that can work very well.
If you want to generate more leads for your franchise in 2015, here are the best strategies to utilize:
Targeted Marketing Based On Interest Level
2015 will see the need for the responsiveness of individual companies to be increased in order to personalize the interaction companies have with prospective clients. Without targeted marketing personalization, there will be a great deal of downturn in the overall productivity of franchisee opportunities. While it may take longer for companies to identify their target demographic, the end result will be more lucrative than previously anticipated. Continue reading