April 20, 2015 By Rebekah Radice 27 Comments

11 Essential Elements of an Effective Social Media Business Plan

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Are you using social media to market your business, but struggling to create momentum?

Would you like to make sense of each social network, clearly defining where and how to spend your time online?

You need an effective social media business plan!

While there’s no one-size fits all solution, you can succeed with the right plan in place.

Ready to get started?

Let’s go!

Why Create a Social Media Business Plan?

Lewis Carrol said,

“If you don’t know where you are going, any road will get you there.”

And just as in life, the same holds true in social media.

If you don’t know where you’re going — you’re most surely going to get there.

With a social media business plan, you act on purpose.

This customized strategy – one specific to your business – guides you towards defined goals.

Not sure where to begin?

Below are eleven tips to help you craft your social media business plan and take full advantage of all that social media has to offer.

11 Essential Elements of an Effective Social Media Business Plan

1. Track Your Starting Point

There’s no way to know how far you’ve come if you don’t know where you began.

Your first step is tracking your starting point. Identify where you are today – how you appear online – and capture that in an Excel sheet, Word or Google doc.

Here are a few things you’re looking for:

How often does your website show up in search?
- Go to Google and type site: www.yourwebsite.com (replace the URL of your web site for www.yourwebsite.com), look at the top of the page, above the search results and below the menu and you will see a count of the number of search results. Write down this number which shows how many pages from your website are indexed by Google.
How often do you show up in search?
- Go to Google and type your name in quotes. For example: “Rebekah Radice.” You’re looking for an exact match. The number you see at the top is the one you want. Write it down.
How often does your company show up in search?
- Go to Google and type your company name in quotes, followed by the word “and,” (not in quotes), and the words city and state in quotes and separated by a comma. For example: “RadiantLA” and “Los Angeles, California.” See the number in the top left corner and write it down.
Check sites like www.WooRank.com and www.SemRush.com for competitive data and insight into how well your site is performing.
Go to each social network and write down the following metrics for each channel. You’re tracking growth, engagement, and conversation around your brand month over month. You can do the same for any competitors you’d like to track as well.

Social Media Metrics to Track

In his viral article, Avinash Kaushik explains the critical metrics all social marketers must track. The beauty in this is the complete obliteration of anything vanity – meaning, you will not track followers, fan numbers, or other meaningless metrics.

Here’s a breakdown of what you need to begin tracking today.

Conversation Rate

More than just mentions, your conversation rate helps you see the average number of comments per post in comparison to your number of followers or fans.

To get started, go to Facebook, Twitter, Pinterest, Instagram, and LinkedIn. Write down how many comments your content received over the last week. Now divide that number by your total number of fans or followers, then multiply by 100.

You can look at your posts separately, or use the general metrics in your Analytics/Insight section.

Amplification Rate

Rather than looking at each share rate separately, the amplification rate takes a holistic approach.

By tracking amplification, you’ll see how your content is showing up across all networks.

To track this, write down the number of re-pins, retweets, or shares of your content during the last week. Now divide that number by your total number of fans or followers.

Applause Rate

The applause rate helps you see what content your audience is sharing. The calculation is based on the number of “likes” (retweets, pins, etc.) each post gets.

To begin, go to each social network and write down the average number of likes per post.

Now divide that number by your total number of fans or followers, then multiply by 100.

The goal is to grow your online presence organically through social media. The more you share content, the more you interact online, the more your audience (and search engines) begin to take notice.

2. Know Your Audience

Before you hop on Facebook, Twitter, LinkedIn, YouTube or Instagram – get hyper-focused on your audience.

Who is your target market? Understand their area of expertise, what they’re talking about online ,and how you’ll use content to make a connection.

You’ll also want to do an online audit of your competition to see how (or if) they’ve reached your target audience and where opportunities still lie.

The key here is to cater your content to the specific needs of your audience. Write for your reader, not you, and not based on assumptions of what you think you know.

Stop trying to be everything to everyone.

3. Choose Your Social Network(s)

Social networks such as Facebook, Twitter, Instagram and Google Plus open the door to conversation.

But while many believe you need to spread yourself out on each channel above, I disagree.

Instead, identify where your target market is spending time online and then master that network.

Create an action plan designed with that network and audience in mind.

For example, if you’ve decided on Pinterest – what is your audience pinning? What content can you pin to attract their attention?

To get started, your plan of action might look something like this…

Sample Action Plan: Pinterest

Create 12 new boards with Pinterest board names based on keyword research – make them descriptive, optimized and enticing
Pin 2-3 pieces of content from blog, website, Facebook and others on a daily basis
Follow 10 relevant people and/or brands that pin similar content
Re-pin 2-3 pieces of their content daily to increase awareness
Design or pin eye-catching images with the possibility of “going viral”

4. Be a Valuable Resource

Want to become a valuable resource to your community?

Share relevant, thoughtful, interesting and educational content – and share it often.

Become a giver. This is the best way to establish thought leadership and position you as an expert within that field.

As Eric L. Mitchell says,

Do we really need to be rewarded for everything? Give to give. Click To Tweet

5. Monitor the Chatter

While social media is an excellent communication tool, it’s also an incredibly helpful listening tool.

As you listen to your customers, take time to truly hear what their needs, wants and desires are.

Then work to fulfill those needs and wants with your content, time, compassion and genuine feedback.

Use tools like:

6. Establish Rhythm, Tone and Voice

In order to attract the right people online, you need to get real.

As you begin to share content, identify how to best translate your authentic voice across social media.

What does this look like?

If you’re playful, let that shine through. If you’re serious, keep that tone within your writing.

People do business with those they know, like and trust.

Trust erodes very fast when you’re putting on an act or pretending to be something you’re not.

7. Create a Consistent Schedule

The only way to build a solid social media following is to stay in the conversation.

Create a schedule to consistently share and engage on a daily basis.

Determine what, how and where of your social media strategy.

How will you share
What will you share
Where will you share

Break this down into a content calendar with a separate column for Facebook, Twitter, Google+, LinkedIn, Pinterest and Instagram with an example of which type of media you will share.

8. Use the Right Tools

With the daily barrage of streaming content, it can feel overwhelming to keep up and manage a social media presence.

That’s where the right tools come in.

They can take the overwhelm out of actively monitoring and engaging across various social networks.

Two of my favorites:

My daily management tool is Sprout Social. I can listen in on conversation (keyword monitoring) and engage in the conversation through their Smart Inbox.

It simplifies my life and streamlines communication.

It’s no secret that I’m a huge fan of Pinterest. Tailwind is my go-to tool for data, analytics and analysis.

If you’re spending any amount of time on Pinterest, you need Tailwind!

With it you can:

Publish content
Find relevant content to share
Identify trending pins
Check profile performance
Track popular boards, and much more!

9. Be an Expert Networker

Have you ever walked into a networking event and immediately started shouting details about your business? Of course not. Can you imagine what the response might be?

I would think that most would turn and walk away. Why? No one is interested in being sold.

They want to get to know you and they need to know that you’ve taken an interest in who they are.

The problem is, most people show up to any social networking site, screaming about their business.

Stop showing up on social media to throw up and instead start connecting in a meaningful (and productive) way.

10. Be a Relationship Collector

While we don’t collect business cards online, we do collect friends, followers and fans.

But, what are those friends or “business cards” actually worth?

Let’s imagine for a moment that each of your connections were worth $1000. Now think what that would mean to your bottom line if you could truly tap into those connections and leverage your relationships?

Dr. Ivan Misner, the Founder & Chairman of BNI, the world’s largest business networking organization, says you only need four referral sources to succeed.

Top Referral Sources

Staff members – because no one understands your product or service better than someone who works for you
People you’ve give referrals to in the past
Anyone who has given you a referral in the past
Your community – people that are connected to you and already know, like and trust you.

Engage your top referrers and help them share your story. There’s nothing better than a third-party referral that can edify you and your business.

Make a commitment to stop collecting, and start contributing. It’s the relationships, not the numbers, that matter.

11. Track, Measure and Adjust

Are you wishing for social media success, or are you planning for it?

Put a plan in place that allows you to track, measure and assess your results.

You can't manage what you don't measure and what you don’t measure gets lost in the noise.Click To Tweet

An example of metrics to track:

Traffic referrals from each social network
Leads from social channels to a specific landing page
Engagement across social media – retweets, comments, likes
Social media audience/community growth
New blog subscribers

Once you have put a system in place to measure your success, you now need to analyze your progress.

Identify what is working and adjust what is not. A successful social media strategy is an agile one.

BONUS: Get Blogging

Social media can be an enormous boost to online credibility, but it cannot replace the value a blog brings to your business and personal brand.

It should be one part of an integrated marketing plan. Not sure where to begin? Watch this short video to setup your blog in a matter of minutes.

Then determine how often you will post to your blog and get that content into a tool like Buffer.

Spread that content across your social channels on a consistent basis without lifting a finger! 😀

Next Steps: Getting Started

Can you begin to see how a social media strategy that includes content marketing, relationship building, and focused efforts could change the scope of your business?

If you’ve been confused by the hype of social media and found that your business plan is scattered at best, then join me.

I’m launching a new course, “The Smart Guide to Marketing Your Business on Social Media.” In it, you’ll learn everything you need to know to propel your social media marketing.

No more falling behind, instead you’ll move forward with precision.

If you’re ready to build a strategic plan, I’d love to see you there! Take a look at everything you can learn and then join me for your complete guide to social media marketing.