Mar 15, 2021
After painstakingly mulling over names for your new business, you’ve finally found the perfect fit!
So what’s next?
The answer is branding. You need brand guidelines to solidify your brand’s look, from your product packaging/service proposals to your social media profiles. Branding is more than just a color palette and a logo, although you’ll need those too. It’s your brand’s voice, how your business will be perceived, and the cornerstone for presenting your brand to the correct audience.
Let’s take a few moments and break down the basics of branding as it pertains to social for your new business. It will be the groundwork for everything we do moving forward.
Key Brand Values
Exploring your key brand values will help you with your next steps, from where and how you handle marketing, how you approach customer/client interaction, and even how you network.
At launch, you should ask yourself these key questions:
Choose Your Visuals
It’s all about cohesive visuals and messaging. You want it to flow, especially on social. From your website to your photography to your social media, you want all aspects to align.
Shall we shoot for the moon? Let’s talk about business goals. Depending on your business, you are most likely selling a product or a service. Each of these comes with different goals, and thus, strategies. Yet, with both, at the end of the day, you are looking for sales.
For product-based businesses, you most likely have an initial idea of a set selection of products you’d like to sell. You should determine the quantity of each product you want to sell and over what period of time. This will help you determine what kind of marketing budget you’ll need and how to scale it once you arrive at certain sales goals.
For service-based businesses, you’ll likely be looking for a certain number of clients, and those clients may come in at different tiers of services. You should determine what your tiers of services are and what those tiers entail. Then how many of each tier would you like to sell monthly. Once established, you can determine your marketing budget and how to scale.
Choosing the Right Social Media Platforms
After much deliberation on sales goals, you’ve determined your benchmarks for success. Now you should have a general idea for your marketing budget for social media. According to a 2019 CMO survey, the percentage of marketing budget on social media was on average 20-25%.
Depending on your target audience, your choice of platform focus (Facebook, Instagram, Pinterest) may differ from someone else. But if you are running on a tight budget, let’s say less than $3000 per month, you should focus solely on a single platform to squeeze the most out of it.
Let’s have a look below at each platform’s audience.
Facebook: With ages 25-55, Facebook has the largest audience of all the social platforms and the most robust advertising platform, most likely increasing sales from ad campaigns.
Instagram: Ages 18-34, highly visual, best platform for influencers and brand trust, more popular with younger generations than Facebook. (Ads done on Facebook)
TikTok: Ages 16-24, specializes in short-form content, great for influencers with a low budget and to run ads with their internal ads platform.
Pinterest: Great for driving traffic, far more women on Pinterest, highly visual, lot’s of interest in décor, food, art, fashion, wedding, travel.
Linkedin: Ages 25-34, for service-based businesses who want to build relationships with high tier positions at companies, as well as run ads using their ads platform.
Setting a Marketing Budget
Previously we talked about using a budget of 3k as our test run for social media marketing. With this budget, we should choose a single platform to invest the full amount and get the most out of every dollar. Let’s continue from this point forward with the most widely used social platform today, Instagram.
To properly market on Instagram using our budget, let’s segment our budget into three main focus areas.
It’s all about the look and feel. Have you ever run across an Instagram that just feels, how should I put it, expensive? Creating an Instagram feed that is well-branded involves thorough planning and execution.
Planning your feed with an entire month in mind is the golden rule. When you’re able to see what your feed will look like at the end of the end result will be far better than if done post by post. Using an Instagram scheduler like PLANOLY that has a feed view within it is perfect for this. Alternate routes are to build out a plan in Google docs, but you would just be creating extra steps for you and your team.
Your first photo shoot now is where the fun comes in. If you’re planning a custom shoot with a photographer, then be sure to give them plenty of reference photos of other Instagram accounts you like so they can replicate the look. Much of the branding and coloration will come in post after they have completed the shoot, so if there is a filter you like then let them know ahead of time. Going with an agency is going to be out of the question at a 1k budget. The best option is to find a local photographer and use friends who can model for you. Either way, this will be leaps and bounds better than using a phone for photos.
Next is creating filler content. Because your initial shoots will be on a tight budget, you’ll most likely have limited models and you don’t want to post the same people over and over. Using stock photography is the perfect way to mix up the variation and extend your shoots’ life. Check out stock photography site Stocksy.com. They have more unique options so you don’t end up with a feed that looks like Getty Images.
Finding the Right Influencers
The more eyes on your brand the better. From the get-go, your brand’s reach on Instagram is limited to the number of followers you have, plus due to the algorithm, you will reach even less than that. Influencers are a great way to increase reach and build brand trust.
With our set $500 budget, we’re going to be looking at micro-influencers and nano influencers. On average, micro-influencers are users with a following under 100,000 and nano influencers have 1,000 to 10,000 followers. You should focus on people with around 20-40k followers who have a decent number of unique comments on their posts. Sending products and paying $100 per influencer is a perfect jumping-off point.
The goal here would be a simple shout-out of the brand and have them tag your Instagram handle. If you see your follower count jump on the day or two following their post, then definitely use them again. If not, continue to cycle through new people. Remember, this is also a great new source of content for your page by reposting their image on your Instagram feed.
Probably the most challenging part of this entire process is appropriately running Instagram ads and scaling them to build a successful sales funnel. Utilizing a freelancer off Upwork would be a perfect idea if you don’t have someone in-house familiar with Facebook’s ads manager. If you look for a freelancer, you’ll want to look for someone specializing in “Facebook advertising,” as Facebook owns Instagram, and all ads go through Facebook’s platform. The alternative, more expensive route would be hiring an agency, but with our $1500 budget, that will be difficult.
Let’s exclude the cost of someone managing the ads since that’s such a variable, and just assume we can devote our entire budget to ad spend.
The most common successful campaign build will include four main parts.
Traffic Campaign: $250 - Garners website traffic and build’s audience data for you to scale campaigns later.
Add-to-Cart Campaign: $500 - Allows Facebook to start gathering users’ data who are most likely to visit your site and add products to a cart.
Purchase Campaign: $500- Most direct ad source leading to a sale.
Instagram Follower Growth Campaign: $250 - Done through stories or a feed post with the goal of profile views that will turn into new followers if your content is engaging.
There are thousands of articles on how to build out each of these campaigns, so a quick Google or YouTube search should lead you in the right direction if you aren’t using a freelancer or agency.
Generally, the first month will be all about Facebook learning and garnering data for you to utilize in later campaigns. You will operate at a loss, but you will gain valuable data. In the second month, if your product price point is fairly low, you could break even. In your third to fourth month, you should start to see some decent ROAS (return on ad spend) and be able to scale from there.
Up, up and away! After a few months of getting up posts that flow thematically, building relationships with influencers, increasing your brand’s reach, earning data, and sales via Instagram ads, it’s time to reflect. At this point, based on your Instagram account’s insights, you should be able to have a pretty good grasp on what is growing the brand and what isn’t.
Here are a few things you should look back at to help determine what adjustments you should make.
A/B Testing Content
A/B testing is the technical term for testing one thing against another. In this case, we might be A/B testing content types, so video vs. still images, or A/B testing ad variations with Facebook ads. Below is a quick checklist of what you should test in the early stages of building a long-term social media strategy.
Marketing Budget Redistribution
Emphasizing effective campaigns is the name of the game. After reviewing your A/B testing results, you can start to get a feel for what you need to change and what you need to continue with.
For content, if videos and custom photography are getting you the best engagement, then you know to focus more of your budget on those two content types.
Influencers can be hit or miss, and based on your insights, you should see that out of the five influencers you worked with, only two gave you the results you wanted. This is where you can decide to drop the other three influencers and redistribute your budget to represent your remaining budget better.
Instagram ads should be your most significant focus if sales are your main objective, as it most often is. Determine the best performing ads, kill off the least performing, and redistribute your budget into the best ads. Additionally, you might want to consider creating more content like that in the best performing ads and A/B test further within those campaigns.
Product and Service Evolution
Consider for a moment you’re selling t-shirts, and through all your ads testing and influencer outreach, the red t-shirt sells the most and gets the best engagement. Then you know, creating more product types of that shirt will most likely equal more sales. Alternatively, if you are selling a service and your lowest tier service sells the most, then creating variations on that service will also lead to more sales.
Over time it will become clear what product/service types are doing the best on social media, and you can expand your business endlessly from there.
What’s amazing about social media is just how many people you can reach you would have never reached otherwise. You might garner relationships with influencers across the country who help you drive sales that would otherwise be untouchable. Your ads can target precise demographics and place your products in front of the perfect customer.
A social media strategy is important to help you reach your marketing goals! We'll show you how you can build your own social strategy from start to finish.