Marketing Time For Effort – Let’s Look At The Numbers
Let’s talk about why focusing on social media doesn’t make sense for many businesses. And to do this I’m going to focus on the numbers and the data. Now I am not a numbers girl (I actually hate them). When my hubby mentions the word budget I cringe (and totally ignore him) HOWEVER when it comes to marketing we cannot escape them because data is facts.
I am not anti social media – as I mentioned in the Coming Soon episode. It has its place in the marketing mix however there is way too much emphasis put on it.
Let’s start with how much time, many people are spending marketing purely on social media
- There are a few elements that we need to take into account when we look at the time it takes to market on social
- Researching – which usually involves Getting caught in the scroll hole
- Create the content – the images / text and CTA’s
- Create our content plan for the week or month
- Schedule the content
- Any filming & editing of reels
- Responding to comments
- I’ve estimated that all takes approx 30-40 hours a month (this is an average)
- If you multiply that by your hourly charge out rate this is how much Organic social is actually costing. So in the example I’ll use $80 a hour so the real cost is $2500- $3200
- This doesn’t take into account creating ads either.
Now let’s look at the time it takes to do some other marketing tactics
- Write a blog and post on your website – 1 hour
- Create an email blast to past clients or prospects – 1 hour
- Reach out to 5 potential collaborative partners including research – 2 hours
- Record and upload 3 videos to YouTube – 2 hours
- Attend two networking events or business events – 5 hours
- Optimise or make an improvement to your website – 1 hour
- Add photos and reviews to Google my business – 1 hour
- The total number of hours spend is less than half as is the cost to you
- I’ve estimated 16 hours per month to do all of those things coming out to $1280
The other key difference is the number of eyeballs that see your brand. But using a number of tactics, particularly one like collaborations that get you in front of new audiences, then you will actually get in front of more people compared to your social followers.
Benefits of these non social tactics
- Get you in front of more people (we know that organic social is pretty much dead)
- There is no point in spending so much time on social if a handful of people are seeing your content. The ROI is simply not there
- Bring more people into your network or made aware of your brand
- Quality not quantity – so more qualified leads that are warmer and with a higher conversion rate
- Ability to leverage these into more opportunities – guesting and collaborations lead to more of them
- You will see better results and return on the time you are spending on your marketing
- It will make you feel better about yourself – no more comparitinitis, feeling like a failure when your post doesn’t get many likes and feeling mentally exhausted from all the effort
- Winning more new business – people do not naturally want to buy off social media.
Social Media is not a sales strategy
- It has become a strategy that has way too much focus on it
- Why? Because the people that make money from it constantly brainwash you to believe this is true. They have a vested interest in it so of course they are going to say it is the bees knees
- It is good for brand visibility but was never designed to sell
- The only pure business & professional network is LinkedIn – I don’t include LI in my standard social media rules for this reason
- Social is part of a broader marketing approach and any good marketing strategist or event Facebook ad expert will tell you that.
Did you enjoy this episode?
If you enjoyed this episode, I’d really love it if you can SUBSCRIBE. More subscribers help the podcast reach more people, and I would be truly grateful. Thank you for being awesome.