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It’s amazing what’s happening in marketing these days, especially in advertising, which supposedly became a dying channel once other cost-effective channels like SEO and Social Media started popping up. But one new form of advertising emerged from all this change, Social Media advertising. For example, you can do Youtube video and channel sponsorship. Some of these YouTube vloggers even have agents, just the same way famous movie stars and athletes do! But with sponsorship of a Youtube vlogger, you can promote your business and product to that special vlogger’s community of thousands of subscribers that might even reach millions of viewers. A killer success story here is with custom women’s shoes startup, Shoes of Prey, sponsoring a 16 year old video blogger to create a video promoting their product which led to 500,000 views in one week and a permanent tripling of sales, absolutely nothing short of most marketers’ dreams. Then, there’s also sponsored blog posts, which are noted as such, on blogs with massive followings to get links and traffic, plus a permanent post to be used as reference when Googlers search it, or when readers are looking for something related to your business on that blog. There are even endorsed tweets, with networks like Ad.ly where you can pay to get a celebrity to endorse you through Social Media. Other networks even let you sponsor the average layman to tweet your link letting their followers know they support you. Active Listening to Incorporate Customers into the Feedback Loop The age of Social Media came with the age of active listening. Consumers now had a voice, and businesses were now lending an ear because businesses that didn’t faced a ton of flak from those now empowered and vocal consumers. But with all this active listening came active responses, allowing companies to figure out better ways to serve and target their audience after learning more about their core consumer’s desires and needs. Active listening and responding to your community keeps businesses lean since they’re getting feedback and iterating based on that feedback, which is more than just analytics and data alone.
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