The Art of Audits
While there are many steps in creating a social media marketing strategy. Today I will be focusing on the second step! This crucial step is all about creating an audit, social listening, and developing a SWOT analysis. Until this chapter of the textbook, I was very unfamiliar with audits and what they were composed of. Believe it or not, there's several elements that are crucial to creating audits about a specific brand. Let's dive in!
To start, social media listening is a type of audit that monitors the internet to determine what is said about a particular brand. This could be good or bad. It may have to do with how the brand is perceived by the public. When you think of your favorite brand, it's likely going to be something positive. If it wasn't your favorite brand, you would think negatively! For example, when I think of Taco Bell, I think of unappetizing food that's going to hurt my stomach after I eat it. Everyone won't have this same sentiment toward Taco Bell which is why it's important to see the multiple perspectives of the brand.
In an audit, it's important to determine which social media platforms need to be monitored. Some companies may have a podcast or blog that could generate valuable brand information. The key words and topics that customers are talking about also need to be recorded. What platforms are customers engaging with the most? What are the flaws of the products?
Creating a spreadsheet for all the data collected would be useful. Record the platforms the company uses, how much engagement they receive on each, the type of content being outputted and customer reviews. When reviewing each social media platform, it is important to note which posts do better than others.
The final step in the process is to create a SWOT analysis. In this example, the SWOT analysis would be used as an overview of the company to outline their strengths, weaknesses, opportunities and threats. By defining each of these components, it helps to develop a clear strategy. It allows growth and improvement! The strengths of the company would be what they are doing well. The weaknesses could be areas that need to be improved on. Maybe they are receiving bad customer reviews because of products tarnishing. Opportunities could be if the brand had the chance to extend their product line. By contrast, threats would be risks, such as competitors. Finally, the strengths and weaknesses are internal, whereas the opportunities and threats are external.
The beauty of audits lies in how impactful they can be when developing a proper marketing strategy. By reviewing and analyzing company performance or engagement, audits provide a clear way to track what's going well and what could be improved on.
I liked how you explained audits in a simple and easy-to-follow way. The Taco Bell example made your point about social listening clear and relatable. You also did a good job connecting audits to the SWOT analysis and showing how they help create a stronger marketing strategy.
ReplyDeleteDanika, I really enjoyed how you wrote about Audits, and the beauty of them. I think that they are fun to research about, and I would love to learn more about them. Thank you for sharing!
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