Setting smart social media goals for your competition business
It’s the start of a new year. You’re determined to get your new competition business up and running. Or performing better than ever before if you’re managing an existing organisation. If this is the year you’ve decided to focus on your social media marketing strategy and setting smart social media goals for your competition business, keep reading this blog post…
The goals you set yourself for social media should always back up your business objectives.
The aim here is not just to focus on getting sales. Most people are unlikely to buy from a company they have never heard of. You need to think about how you are going to build trust and a community on your social platforms. This includes increasing people’s awareness of your competition business and boosting the amount of engagement your content receives.
Social Media Goals & Business Objectives.
When managing your company’s social media, it’s very easy to get caught up with vanity metrics, such as the number of views or likes your page and posts attract.
Tim Ferriss, American Entrepreneur and author of The 4-Hour Work Week puts it this way…
“Vanity metrics: good for feeling awesome, bad for action.”
While these metrics can provide some insight into how your social media platform is performing, they are only meaningful when you focus on how they support your business. In other words, make them actionable.
The table below gives examples of some goals you can set for social media and how they are directly linked to your business objectives.
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SMART Goals.
Now you know how social media can support your business objectives, it’s time to start writing some goals!
A useful acronym to remember when setting yourself goals is SMART. This stands for:
Specific
Does your goal have a simple focus?
Measurable
Is it meaningful? How do you know whether you have succeeded or not?
Achievable
If it involves a team, make sure that everyone is in agreement of this.
Relevant
Tie the goal back to your business objectives. How does it support them?
Time Based
You may want to set goals which focus specifically on supporting your website’s launch or a time-limited promotion.
SMART Goals can give clarity to your ideas, help to focus your efforts and manage your resources more effectively. The table below shows how you can turn your social media goals into SMART goals.
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