Economy of Social - Social Media Tips, Marketing and Business

Social Media marketing and strategy is quite often focused on the content and story telling by brands on the channels owned by them. In reality a brand's channel and content may not even be checked or consumed by 99% of those who follow. Most of marketing efforts at times end up in shaping brand generated content, which quite often does not reach the audience or gets lost in clutter. A heavy focus on brand generated content in a social media strategy can make it in-effective. An important aspect of social media is user generated content. In the entire space of user generated content, influencers dominate content consumed by users. These are quite often active social media users who create more content and disseminate it through channels such as their blog, Facebook, Twitter, Instagram, etc. Influencers also tend to demonstrate expertise in a particular area, which leads to community built around them and the content they create and share.

Online reputation management plays a very important role in building perception of a brand and in ultimately driving business results. User generated conversations and word of mouth have shown to have play a role in not just driving purchases but in also impacting stock prices. This makes having a strong Online Reputation Management system important for any brand. An effective Online reputation management system should contribute in building a positive perception of a brand through engagement and should lead to a higher equity for the brand.  Building online reputation and managing it requires benchmarking to assess performance of your brand and the team. It thus makes it important to select the right metric and understand its relevance.