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8 Solid Reasons Why Snapchat Is Good For Your Business

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SnapChat Office Good For Business

Using social media platforms such as SnapChat, Twitter, Facebook & Instagram as a marketing tool is becoming increasingly popular today, as this approach has the ability to reach potential customers in a unique way. By connecting to consumers on a personal level, you’ll find new avenues for promoting your product or service. This can produce some astonishing results, and create a loyal following that will improve your bottom line. Yet, finding the right social marketing application or site to focus your efforts upon can be daunting, as there are several options to choose from at the moment.

You may want to keep your eye on Snapchat as a potential marketing tool, as it offers your business some opportunities which no competitor can. There is a reason why Facebook tried to offer the co-creators of SnapChat Bobby Murphy and Evan Spiegel 3 billion dollars for their social media platform.

So to help you discover How Snapchat is good for your business, let’s cover 8 solid reasons why SnapChat will help you in more depth below.

 

Why SnapChat Is A Great Social Marketing Tool For Your Business

 

Reason #1: Attention Span

As a whole, the attention span of our nation has shrunk in recent years, with some experts estimating that the average is only five minutes. With such a short window to make an impression, your business needs a medium that can create a meaningful impact in a short period of time. Fortunately, Snapchat was created with this precise objective in mind, as it only allows users to view a picture or video for between one to ten seconds. This has the effect of making everything more important, as you only have a brief chance to view the content before it is erased forever.

 

Reason #2: Limited Time

You can take advantage of Snapchat’s short timeframe for viewing, by creating limited time offers to drive new business your way. How does this work? Simply take a Snapchat of a current promotion, sales item or special discount code which has a limited window to be redeemed. This creates a sense of urgency in the consumer’s mind, which can lead to an increase in sales. This can also help you to increase your number of followers, as people will want to receive these valuable promotions.

 

Reason #3: Capture Attention

Unlike the constant bombardment of advertisement in other venues, you can use Snapchat to capture your followers’ attention completely. How so? You’ll find a huge percentage of followers will view your image or video, especially if you make your content interesting or entertaining. This is in stark contrast to other options such as an email marketing campaign, where a lot of great headline and copywriting is needed to reach your subscribers in hopes that they will view your content.

You can also use Snapchat in more flexible ways, for example showing a behind the scenes look at your business, or just to keep in contact with people who are interested in what you have to offer.

snapchat gets hacked

 

Reason #4: Build Loyalty

Building brand loyalty is tremendously important, as repeat customers can fuel your business success. Snapchat allows you to extend special offers to only your followers, and keep them connected to your products or services. This is a targeted way to keep them coming back for more, using this innovative social media application.

 

Reason #5: Build Anticipation

Not only can you build brand loyalty using Snapchat, but you can use it to build anticipation as well. How so? By sending out pictures or videos of a new product that is in the works, or perhaps of an upcoming event, you can get them excited.

Showing your followers the progress and keeping them updated, is a surefire way to get them primed for the release of your next big thing.

 

Reason #6: Rollout a New Product

Once your followers are primed and ready to buy, you can also use Snapchat to rollout your new product. You can send a visual announcement when the new product hits the shelves, or a new service becomes available. To gain even more traction, you can provide special coupons or other incentives to buy for your loyal Snapchat followers to take advantage of.

 

SnapChat CoCreators Evan and BobbySnapChat’s Co-Creators Evan Spiegel and Bobby Murphy.

 

Reason #7: Target a Younger Demographic

If you need a social media strategy that targets people ages 13-25, then Snapchat is an extremely valuable tool. Popular in this age range, Snapchat is estimated to have more than 30 million users worldwide. Clearly, this application can help you make inroads into this demographic, and to expand your brand recognition within the younger generation.

 

Reason #8: Add a Hip Factor

Making your business appealing to the younger generation can be a challenge, yet Snapchat can give it a hip factor which is invaluable. You’ll also be able to generate a fun vibe for your products, which won’t feel like an ad or sales pitch. Instead, you’ll simply be offering entertaining images that are associated with your brand, thereby connecting with your audience in a new and interesting way.

 

Why SnapChat is good for your business by Gary Vaynerchuk

With all of these benefits, Snapchat is the perfect addition to your social media strategy. The eight reasons covered above, show that your business will certainly benefit from using Snapchat in your marketing campaign. You’ll be able to overcome the short attention span of consumers today, and create a sense of urgency as well. In addition, Snapchat tends to capture 100% of people’s attention, even if it is only for a short time.

Further, by offering special promotions exclusively to your Snapchat followers, you’ll be able to build brand loyalty for your business. Snapchat is also the perfect way to create anticipation for a new product or service, by sending out consistent updates that will let followers track the progress and see the timeline. This dovetails perfectly with a strong product rollout, as you can send out Snapchat images with discounts or other incentives when the product finally does launch.

Finally, Snapchat is a tremendous tool if you are looking to make headway in the 13-25 age range, as it is most popular with this age group. With over 30 million total users and growing, Snapchat provides a valuable way to connect with your customers and win new ones as well. You’ll also benefit from the cool factor that Snapchat communication can bring to your business, which can meaningfully impact your sales conversions.

All told, Snapchat is good for your business, making it a smart move overall. With this social media application as a part of your larger strategy, you’ll be able to create a successful marketing plan – to boost the bottom line of your business.

I am the the Founder of Addicted2Success.com and I am so grateful you're here to be part of this awesome community. I love connecting with people who have a passion for Entrepreneurship, Self Development & Achieving Success. I started this website with the intention of educating and inspiring likeminded people to always strive for success no matter what their circumstances. I'm proud to say through my podcast and through this website we have impacted over 200 million lives in the last 10 years.

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Startups

5 Strategic Power Moves to Successfully Build Your Empire

Transitioning from idea to empire is a journey of strategic planning, execution, and constant evolution

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how to build your empire

The journey from a fledgling idea to a thriving empire is both exhilarating and daunting. The Startup Launchpad is not just a process but also a strategic framework that enables visionary entrepreneurs to become market leaders. This framework comprises five power moves, each a critical steppingstone in building a successful business.

These moves—Ideation, Business Plan, Online Presence, Strategic Marketing, and Launch and Growth—are the blueprint for turning aspirations into achievements. (more…)

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Startups

How to Avoid Startup Clichés and Buzzwords When Pitching Investors

Using jargon can make you sound like you’re trying to fill space instead of providing meaningful data

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How to pitch investors better

Entrepreneurs frequently seek startup funding through a variety of channels. Yet, none seem as challenging as successfully pitching to experienced investors. After all, investors are pressed for time and eager for opportunities. These characteristics make it challenging to motivate them, especially if you’re bombarding them with a pitch full of jargon. (more…)

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From Idea to Empire: 5 Power Moves for Your Startup to Thrive in Today’s Market

As an entrepreneur, I’ve learned that understanding market dynamics and choosing the right business model are crucial

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How to thrive in the startup market in 2024

As an entrepreneur, I’ve learned that understanding market dynamics and choosing the right business model are crucial.

A few months into the startup, I was quick to gauge why it is necessary to go beyond the nuances of operational efficiency and the art of sustaining a business amid growing competition.

Collaboration is key.

The HR and the recruiting teams work with departments to foster a culture of collaboration, but what’s indispensable to business performance is the sync between the marketing and sales teams. What we’d consider as entrepreneurs is the need to ensure seamless collaboration to predict and achieve business goals together. In turn, this will help secure long-term recurring revenue for the business.

Besides, entrepreneurs need to focus on revenue as they gear up to take their startup from $0 to $1 million. The journey is filled with critical decisions, from identifying your target customer base to choosing the right funding strategy.

So, what next?

Read on… because here are five practical, results-driven strategies that you as a founder can implement to make a mark in their industry.

#1. Embrace the Lean Methodology

What is lean methodology?

It is all about pivoting resources to create more value for customers with fewer resources. 

This principle encourages you to be more agile and allow rapid iteration based on customer feedback rather than spending years perfecting a product before it hits the market.

Want to implement it?

Here’s what you can do.

Build “Measure-Learn” Loop: What I did was develop a minimum viable product (MVP), a simple version of the product. You can do the same since it allows you to start the learning process as quickly as possible. After launching MVP, measure how customers use it and learn from their behaviors and feedback.

Here’s what I can recommend here:

  • Identify the core features that solve your customers’ primary needs and focus solely on those to develop your MVP.
  • Know the feedback channels where early users can communicate their experiences, suggestions, and complaints.
  • Analyze user behavior and feedback to make informed product development and iteration decisions.

#2. Focus on Customer Development

Let’s talk about taking our startup to the next level. 

It’s not just about getting customers – it’s about really getting to know them. We need to dive into their world, understand their struggles, and see how our product or service can make a difference in their lives. 

It’s like we’re detectives, piecing together the puzzle of our business hypothesis by actually chatting with our customers

What would you ideally do here?

Understand Customer Segments: I’d say, start dividing your target market into segments and develop a deep understanding of each segment’s demographics, behaviors, needs, and pain points. The idea is to get into their shoes and really feel what they feel.

Ensure your Product Clicks: When starting up, think of what you offer and consider whether it clicks with what our customers need. My thought was “Does my product solve their problems? Does it make their day better?” Put yourself through a tough grilling session to show customers the value proposition and ensure that the product’s promise matches what our customers are looking for.

I’d recommend the following actions here:

  • Talk to them – through surveys, interviews, or even casual chats. The goal? To gather real, raw insights about what they need and expect.
  • Use the collected data to create detailed profiles for each type of customer. This way, everyone on our team really understood we were serving. I think this should help your startup as well.
  • Try out different versions of our product with a few customer groups. It’s all about feedback here – understanding if you’re hitting the mark or if we need to pivot.

#3. Foster a Data-Driven Culture

The digital world is highly data driven since it fuels key decisions in a startup. 

I believe it’s essential for us to build a data-driven culture. This means, you’ll move from making decisions based on hunches or assumptions. Instead, the focus should be on data analytics and insights to guide our strategies and improve our outcomes.

What can you do?

Use Data Analytics Tools: You should be using these tools to gather, analyze, and interpret data related to customer behavior, market trends, and our business operations. Here, consider the adoption of pipeline forecasting that leverages AI to find patterns in marketing data. 

In turn, you’ll get areas for improvement since it can analyze historical data and predict the outcome for you to plan your.

Action Items:

  • Pinpoint key performance indicators (KPIs) that align with your business objectives and ensure they are measurable and actionable.
  • Next, you can consider training your team to understand and use data analytics tools. This might involve workshops or bringing in experts to build a data-savvy workforce.
  • Once everything is in place, regularly review data reports and dashboards. This gives us a clear picture of a startup’s health and helps adjust your strategies and predict future trends.

#4. Strengthen Your Financial Acumen

A good grip on financial skills is important to steer your business towards growth and making sure it stays on track. For this, you’ll have to understand the money side of things, which helps you manage your cash flow. Think of figuring out smart investment moves and sizing up any risks that come your way.

Here’s a tip on how you can get savvy with your finances.

Maintain Rigorous Financial Discipline: I’m really focused on cultivating a strong company culture, one that truly resonates with our mission. So, I’d suggest fostering open communication and encouraging a sense of ownership and collaboration among everyone in the team.

Action Items:

  • Get to know your financial statements inside out – I’m talking about the income statement, balance sheet, and cash flow statement. These are like the vital signs for your business’s financial health
  • Use financial forecasting that helps predict your future money moves. With this, you will have a heads-up on upcoming revenues, expenses, and how much cash you’ll need. Also, research on the available financial forecasting tools that can make predictions spot-on.
  • Don’t go at it alone. Regularly touch base with financial advisors or mentors. With them by your side, you’ll have a fresh perspective on your financial strategies to ensure you’re on the right path to hit your business goals.

5. Prioritize Team Building and Leadership Development

It is crucial to focus on building a solid team and developing strong leaders. This means putting our resources into the people who are going to propel our company forward. 

What you’ll aim for here?

Creating a culture where everyone collaborates and every team member has the chance to emerge as a leader.

What I would do:

Cultivate a Strong Company Culture: This culture should mirror our mission and foster open communication. It’s important that it encourages everyone to feel a sense of ownership and work together.

Invest in Leadership and Team Development: As founders, we’ll have to make way for opportunities for teams to enhance their skills, face new challenges, and grow in their careers.

Some concrete steps that you should consider taking:

  • Begin with clearly communicating your startup’s vision, mission, and values so that every team member is on the same page.
  • Conduct regular team-building activities and workshops to boost skills and strengthen a sense of unity and collaboration.
  • How about starting a mentorship program within our organization? The more experienced team members could guide and support the growth of newer or less experienced folks.
  • Alas… encourage feedback at all levels. We should keep striving to create an environment where open, honest communication is the norm and everyone feels safe to speak up.

I know it’s one thing to get your head around these ideas and quite another to actually make them a part of your everyday business life. But that’s where the real magic happens, right? It’s all in the doing. 

As a startup founder, this means more than just being a big dreamer. How about rolling up your sleeves to be the planner who pays attention to the smallest details. Ultimately, these tips and more tactics around it will help carve a leader in you who listens and cares and the learner who’s always ready to adapt

So, as you’re either starting out or moving forward on this entrepreneurial adventure, keep these practical tips right there.

May these be your guiding lights, helping you steer through the wild and exciting world of building a startup that’s not just a dream, but a thriving reality.

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12 Things I Learned in 12 Months of Working on My Startup

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Image Credit: Unsplash

A few weeks ago I launched my startup. It took exactly 12 months from the initial idea until the moment I saw my app in the App Store. And these were some of the most challenging, fun and exciting 12 months of my whole life. (more…)

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