The Marketing Funnel: All you need to know about loyalty stage22 March, 2023
The importance of brand loyalty in international marketing31 March, 2023
Advantages of social media in loyalty marketing
Social media interactivity can have a significant impact on brand loyalty. When a brand actively engages with its followers on social media, it can create a sense of community and connection. that strengthens the relationship between the brand and its customers. This can lead to increased brand loyalty.
- Increasing customer satisfaction: When customers feel that their opinions and concerns are heard and addressed by a brand on social media. they are more likely to feel satisfied with their overall experience and remain loyal.
- Creating a sense of trust: When a brand is transparent and open with its followers on social media, it can help to build trust and credibility. Then, in turn, customers are more likely to stay with the brand
- Create brand advocates: When customers have positive experiences with a brand on social media. they are more likely to share their experiences with their followers. This can lead to increased brand awareness and loyalty as more people become exposed to the brand and its values
The downside of social media in loyalty marketing
While social media interactivity can help nurture customer relationships, brands need to be aware of the potential downsides and actively manage their social media presence to minimize risks and maximize benefits.
- Negative feedback can spread fast
Due to the freedom on social media, negative feedback can be quickly spread and then become terrible. If a brand mistake is not well-managed, it can quickly turn into a social media crisis. However, quick and effective responses from brands can turn negative feedback into new opportunities.
For example, once KFC ran out of chicken in most of their UK and Ireland restaurants. which led to delivery delays, and they received many complaints. In response, their marketing team immediately put out creative ads with the KFC logo on the bucket rearranged cleverly to “FCK” to reflect the company’s recognition of their mistake. They kept customers informed of the chicken’s status through their website and social media daily.
By responding transparently, and immediately, KFC was able to quell any potential backlash and increased loyalty for their humility.
- Over-promotion can backfire
Another potential mistake of brands on social media is to over-promote their products or services. This can reduce brand loyalty if customers feel like they are being bombarded with sales advertisements.
- A lack of authenticity can harm the credibility
Social media users are often quick to detect insincerity or inauthenticity. If a brand uses social media solely as a marketing tool, rather than as a genuine way to engage with customers. it can harm its credibility.
How do you measure brand loyalty on social media?
Measuring brand loyalty on social media involves tracking a wide range of metrics and analyzing them based on your overall marketing strategy. Here are some key metrics that brands can use to measure brand loyalty on social media:
- Engagement rate: The engagement rate indicates the percentage of your followers who are actively engaging with your content through likes, comments, or shares. A high engagement rate can be a sign of strong brand loyalty. as it suggests that your followers are highly into your content
- Customer feedback: Another way to measure brand loyalty on social media is by tracking customer feedback. This can include feedback on specific products, services, or marketing campaigns. By analyzing customer feedback, brands can understand how customers perceive their brand and identify areas where they may need to improve
- Brand mentions: Another metric for measuring brand loyalty on social media is brand mentions. which is the number of times your brand is mentioned on social media platforms, as well as the sentiment and context of those mentions. Positive mentions refer to strong brand loyalty, while negative mentions may indicate areas where the brand needs to improve
- Net Promoter Score (NPS): This metric evaluates how likely customers are to recommend your brand to others. A high NPS suggests that customers are highly satisfied with your brand, which could lead to high customer loyalty
3 Ways to Build Brand Loyalty with Social Media
- Create valuable content: One of the most effective ways to build brand loyalty on social media is by creating valuable content. that resonates with your target audience. This can include informative blog posts, engaging videos, and visually appealing graphics that showcase your brand’s personality. By consistently delivering content that meets the needs and interests of your followers, you can foster long-term customer loyalty
- Engage with your audiences: Actively engaging with your followers involves responding to comments and messages in a timely and helpful manner, participating in online conversations, and even hosting live Q&A sessions or Twitter chats. By interacting with customers, brands can create a sense of community and strengthen brand loyalty
- Offer exclusive perks and benefits: Exclusive perks and benefits can include special discounts, early access to new products or services, or personalized recommendations based on their interests and preferences. By making your followers feel valued and appreciated, you can encourage them to remain loyal to your brand over the long term