Using Instagram for Higher Business Revenues
Martech Outlook | Thursday, February 14, 2019
Instagram is a free marketing platform that has all the tools a company needs to increase its cash flow and leverage their influence right at their fingertips. The social media ranks 7th in the top 15 Popular Social Networking sites, with more than 100 million unique monthly users and over 300 million active users every day. With the new feature, the 5-second video sharing option makes Instagram more attractive for the brands.
For companies in the quest to turn their Instagram account into a money-making machine, the following steps are crucial for yielding results: first, showing what they do in a creative way: companies have to focus on the solution that they provide, not the products that companies sell. For instance, if the business is in the service industry, then it should focus on showcasing the process behind providing the service. Showcasing company culture resonates with people well.
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Second, the company should create a winning profile by focusing on the most critical USP or company’s next big thing, that could be an event, promotion or product launch. They should take their followers behind-the-scenes. RedBull and Sunburn have successfully applied this; they have been consistent in connecting followers with behind the scene actions. Since customers have a natural tendency to know where their products come from, companies can use Instagram to show the whole lifecycle. Source images demonstrate how products are made from the base material, production, and distribution.
An enterprise should expand its reach with #hashtags. Companies can promote each other to their audiences, and both benefit from increased exposure. The company should always align its brand, with partners that share similar values and mission. They should build anticipation and offer exclusivity: creating teaser photos that build anticipation of the new releases, office openings, and the stores. This kind of preview makes the customers feel special and keeps them coming back for more insider information.
Lastly, companies should grow analytically, by deploying tools that help them tap into customer behavior and psychographics.
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