Are you seeking the finest social media platforms for business so that you can improve your social strategy and increase your ROI?
Social media may be one of the most profitable marketing tools for your organization. It’s a great method to raise brand recognition, communicate with current consumers, and produce new leads to fill your funnel.
But, with over 65 social media networks available, which one would provide you with the best bang for your buck?
We’re going to answer that question today. We will look through the top ten business social networking sites. Then, we’ll show you how to leverage those platforms to assist your firm to attain its growth objectives.
But first, let’s define social media marketing and why it’s such a valuable tool.
✅ Why Use Social Media for Business?
There are several reasons why you should use social media for business. Here are the top five advantages:
- Build Brand Awareness- Being active on social media allows you to stand out and keep your name in the thoughts of people throughout the day. After enough exposure, more individuals will be interested in checking out your brand’s material.
- Connect with Customers- It’s a rookie error to believe that your company only has to “close the transaction.” Instead, social media facilitates contact between you and your customers. This lowers your turnover rate and leads to future repeat clients.
- Boost your SEO- You may increase the number of likes, views, shares, and interactions with your material by advertising it on social media. Then you’ll generate more visitors to your website, increasing page views. These are all favorable signals to search engines like Google, and they all contribute to your SEO.
- Grow your Mailing List- You’ll have more opportunities to convert visitors into leads if people find your website through your social media content. You may utilize this traffic to increase your email list and create more cash from your email campaigns over time.
- Drive More Revenue- Each of the benefits outlined above leads to one thing: driving clients through your sales funnel and increasing profit for your company.
The issue for most firms isn’t whether or not to use social media; that’s almost a given these days.
The fundamental question is which platform is ideal, and how that platform can especially promote growth.
✅ Some of the Social Media Websites are
1 Facebook
- Launched in 2004.
- 2.9 billion monthly active users
- The founder of Facebook is Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes.
- $86 billion in revenue (2022)
- Facebook is no longer number one. Sure, the platform via which you communicate with your mother, third-grade teacher, and neighbor is still present and as popular as ever (even more so, actually).
- But it’s now Meta. Or, at the very least, the business that controls it, Instagram and WhatsApp are now known as Meta, Inc.
- Despite a demographic change, the platform remains the big dog on the social media block.
- Financial services, E-Commerce, retail, gaming, entertainment, media, telecom, technology, consumer goods, and automotive enterprises are among the top industries on Facebook.
- Although the News Feed is increasingly limiting business content, there are still ways to increase interaction without spending money on advertisements.
- However, if you want to compel your audience to act, Facebook adverts are an excellent way to do that.
- Consider joining (or creating) groups, deploying a Facebook Messenger chatbot, or using live video to enhance your engagement.
2 Youtube
- Launched in 2005.
- San Bruno, California is the headquarters.
- 2.2 billion monthly active users
- $28.8 billion in revenue (2022)
- Jawed Karim, Steve Chen, and Chad Hurley are the founders of YouTube.
- YouTube, the first video social media network, continues to dominate the industry. It is currently the second most popular platform, with 2.2 billion monthly active users.
- With 81 percent of Americans using YouTube, the potential for the reach is unrivaled. The statistics cannot be ignored.
- YouTube has a wide user base that includes people of all ages. This includes the difficult-to-reach 65+ demographic, with 49 percent utilizing the site, trailing just Facebook.
- YouTube covers a wide range of themes, including beauty, gaming, education, and DIY home improvements. Because video is the fastest-growing medium for content marketing, most businesses will invest in this platform.
3 Whatsapp
- Year of Inception: 2009
- Menlo Park, California is the headquarters.
- 2 billion monthly active users
- Estimated revenue: $5.5 billion (2022).
- The founder of Whatsapp is Brian Acton and Jan Koum.
- WhatsApp is still the most popular social messaging app, far ahead of Facebook Messenger.
- Closed chat apps may not appear to be the natural solution for companies. However, consider that SMS has a 98 percent open rate compared to 20% for email. There is a captive audience.
- If you utilize WhatsApp for customer support and retention, you’re aware that its potential for brands is vast and mostly untapped.
- If you can crack WhatsApp, you’ll have a direct marketing channel to your target demographic.
4 Instagram
- Released in 2010
- 2 billion monthly active users
- Founders: Kevin Systrom and Mike Krieger
- $24 billion in revenue (2022)
- Instagram is a social network that is ideal for product-based companies, influencers, and instructors.
- Since the introduction of shoppable posts in 2018, the potential ROI for product-based businesses has increased more than ever – not only can B2Bs engage with a large audience, but they can also link product information and purchases directly from Instagram.
- If your target demographic is under 35, Instagram is a gold mine: 67 percent of 18-24-year-olds, 67 percent of Generation Z, and 58 percent of Millennials use the site every day.
5 Tiktok
- Culver City, California is the headquarters.
- 1 billion monthly active users
- ByteDance Ltd, Zhang Yiming, and Toutiao are the founders.
- $11 billion in revenue (2022)
- TikTok advertises itself as “the top destination for short-form mobile video,” intending to stimulate creativity and offer joy to its users.
- TikTok has undoubtedly struck a chord despite being the market’s youngest software, with remarkable growth.
- After only one year, the app became the world’s fastest-growing app in 2017.
- Despite efforts to ban TikTok in the United States and prohibitions in India, the app had been downloaded more than 3 billion times worldwide as of 2021.
- If you want to interact with Generation Z, TikTok is the medium to use.
6 Snapchat
- Published in 2011
- 538 million monthly active users
- Evan Spiegel, Bobby Murphy, Daniel Smith, David Kravitz, and Leo Noah Katz are the founders.
- $1.06 billion in revenue (2022)
- If your target population is young, you should certainly use Snapchat.
- Snapchat’s most active users are 13-year-olds, who spend up to 30 minutes every day on the service.
- Snapchat is a great place to find user-generated content, behind-the-scenes films, exclusive deals, and influencer takeovers.
7 Reddit
- Launched in 2005.
- Headquarters are in San Francisco, California.
- 430 million monthly active users
- Steve Huffman, Alexis Ohanian, and Aaron Swartz are the founders of Reddit.
- $289.9 million in revenue (2022)
- Reddit bills itself as “the first page of the internet,” and it is one of the top 20 most-visited sites, according to Alexa statistics.
- With over 2.8 million communities or subreddits dedicated to every topic conceivable, Reddit has a unique combination of material and community.
- With so many niches to choose from, there is a place for every brand and business – it’s simply a question of recognizing and entering the niches where your potential customers are active.
- But be warned: Reddit is a temperamental environment that will not tolerate obvious self-promotion.
- Tread carefully as you begin to navigate since experts are ready to jump in and may ruin a company if you get the tone wrong.
8 Pinterest
- Headquarters are in San Francisco, California.
- 444 million monthly active users
- Ben Silbermann, Paul Sciarra, and Evan Sharp are the founders of Pinterest.
- $574 million in revenue (2022)
- Fashion, culinary, décor, wedding, exercise, and DIY-related pins are among the most popular on Pinterest.
- Furthermore, anything with a lot of images can thrive on Pinterest.
- Notably, 60% of Pinterest users are female. If you have a mostly female audience, this is a compelling reason to devote time to Pinterest social media marketing.
- That’s not to suggest males aren’t on Pinterest; it has a 40% male following.
9 Twitter
- Headquarters are in San Francisco, California.
- Founded in 2006
- 217 million monthly active users (2021)
- The founder of Twitter is Jack Dorsey, Evan Williams, Biz Stone, and Noah Glass.
- $1.2 billion in revenue (2022)
- Unlike other social media networks, Twitter’s user base has shrunk in the last year. This might be connected to the exclusion of former President Donald Trump, as well as concerns about conservative intolerance.
- The site was discussing a $44 billion sale to Tesla CEO Elon Musk as of this writing. This comment resulted in massive swings in follower numbers as people’s political leanings moved, a process Twitter referred to as “organic.”
- Whatever the platform’s future holds, whether your company is in entertainment, sports, politics, technology, or marketing, you stand to gain a lot of engagement on this app.
- Twitter may help brands build and improve their voice. There is room for wit and individuality while staying knowledgeable and useful.
- Participate in debates, provide value, share your own and others’ content, and join the never-ending conversation.
10 LinkedIn
- Sunnyvale, California is the headquarters.
- Launched in 2003
- 830 million monthly active users (2022)
- Reid Hoffman, Konstantin Guericke, Allen Blue, Jean-Luc Vaillant, and Eric Ly are the founders.
- $8.05 billion in revenue (2020)
- Among its vast professional network, LinkedIn has over 61 million users in significant positions.
- LinkedIn is an excellent resource for locating decision-makers with the authority to hire your company, stock your product, or cooperate with you.
- Did you know that the typical LinkedIn user earns more than $2,000 more than the national average? Or that 50 million individuals utilize it every week to look for work?