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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>

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