Jeweller - June 2022
Retrospective: Reflecting on the significant growth of cad/cam The rarest prize: Fancy colour diamonds continue to captivate Listen up: Selling online is more viable than ever
Retrospective: Reflecting on the significant growth of cad/cam
The rarest prize: Fancy colour diamonds continue to captivate
Listen up: Selling online is more viable than ever
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BUSINESS<br />
Strategy<br />
The importance of social listening<br />
Selling online is more viable than ever before, however doing so comes at a cost – direct access to customers.<br />
BETH WALKER explores options for overcoming that challenge by utilising social listening.<br />
When I graduated from college my father<br />
and I looked at buying a new car.<br />
At one dealership the salesman jumped<br />
into a pitch about how the car I was sitting<br />
in was one of the most comfortable cars<br />
he’d ever driven. He pointed out the<br />
convenience of the interior layout and how,<br />
as a right-handed person, he found this the<br />
best car to purchase.<br />
I’m left-handed. Everything he had said was<br />
helpful and informative, however, as a lefthanded<br />
person, as soon as the salesman<br />
landed on his closing pitch, I knew the car I<br />
was sitting in was not for me.<br />
Nowadays, we have the opportunity to sell<br />
our products or services in various ways<br />
including online media such as blog articles,<br />
social media posts, videos, and email.<br />
The challenge with digital marketing is that,<br />
unlike with face-to-face sales, you don’t<br />
have the benefit of reading someone’s body<br />
language or facial expressions. If they leave<br />
our website, we don’t know why. It’s not all<br />
doom and gloom, however.<br />
We can still ‘hear’ what our ideal<br />
customers are saying online by<br />
implementing ‘social listening’.<br />
What is social listening?<br />
Social listening is the practice of analysing<br />
the activity and conversations trending<br />
around your industry, including your brand,<br />
and then using those insights to make<br />
informed marketing decisions.<br />
Social listening helps a business<br />
understand what target customers are<br />
thinking, what their needs are, and how<br />
they are searching for information about<br />
your product or services. You can use social<br />
listening to create content that answers the<br />
why, where, and how messages your buyer<br />
persona is looking for, using the keywords<br />
they are currently using online.<br />
Make it a priority<br />
Is social media promotion a part of your<br />
content marketing strategy? Do you<br />
publish blog articles, share industryrelevant<br />
content, and engage with other<br />
social users who ask questions about your<br />
products and services?<br />
If you aren’t leveraging these free platforms<br />
yet I hope you will soon. However, it’s<br />
important to make sure that you plan your<br />
strategy to connect with your buyer persona<br />
on their preferred social platforms.<br />
A few years ago, you could easily assume<br />
that promoting your content on Facebook<br />
would help you reach a good number of<br />
your potential customers, but there has<br />
been a shift.<br />
Edison Research reports that Facebook<br />
has an estimated 15 million fewer US users<br />
compared with 2017 and this drop is in the<br />
12 to 34-year-old age group.<br />
It’s also important to note with Facebook<br />
specifically, user time is decreasing.<br />
In 2016 the average user spent 50<br />
minutes per session. By January 2021<br />
Statisita.com reports, “the average time<br />
spent by day by American users on<br />
Facebook was 33 minutes”.<br />
With fewer<br />
opportunities<br />
for face-to-face<br />
interactions in<br />
today’s digital<br />
world, social<br />
listening is an<br />
excellent way to<br />
keep a pulse on<br />
many aspects of<br />
your business<br />
as well as your<br />
competition.<br />
In February of this year, a Digital <strong>2022</strong><br />
Australia report revealed the average<br />
Australian was spending three per cent<br />
less time on the platform than in the<br />
previous year.<br />
So, if Facebook isn’t the guaranteed<br />
connection space it once was, how do you<br />
know where your customer is spending<br />
their time online? For jewellers it begins by<br />
establishing a social listening plan.<br />
Strategic approach<br />
Creating a social listening plan starts<br />
with what you know. Create and review a<br />
‘buyer persona’ – a detailed description<br />
of someone who represents your target<br />
audience – and then visit the websites<br />
where you interact with your customers and<br />
take notes.<br />
From there ask yourself a few questions: Is<br />
the information you curated still accurate;<br />
are your customers still active in these<br />
online areas? You can also establish<br />
what are their likes and dislikes and what<br />
problems are they looking to solve?<br />
As you are reading the social media<br />
interactions, observe the words used to<br />
identify your industry.<br />
Also, note who they consider your<br />
competition. Next, head to your competitors’<br />
social platforms, such as their Facebook<br />
page, and do the same thing.<br />
Once you have spent some time taking<br />
notes, review the information you have<br />
gathered. What are the keywords that your<br />
potential and current customers are already<br />
50 | <strong>June</strong> <strong>2022</strong>