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Key Benefits of Social Media for Business

A common question we hear when onboarding clients: “Does my business even need an Instagram and a Facebook account?” The answer may vary by industry, but chances are, you'll need social media marketing to promote your product or service.

Social media marketing can bring about many benefits for your business, more than just gaining followers. When done correctly, social media marketing can increase revenue, drive new business, and better your customer service. And that’s just the tip of the iceberg.

In this blog we will define social media and present popular social media platforms for marketing your business. We will also dive into the many benefits of social media for business, and we will even provide you with some tips for crafting an expert social media strategy!

Table of Contents:

  • What is Social Media?
    • Social Media Marketing Stats
  • Popular Social Media Platforms
    • Facebook
    • Instagram
    • YouTube
    • LinkedIn
    • TikTok
    • Twitter (X)
  • What Are Key Benefits of Social Media for Business?
  • Quick Tips for Developing a Social Media Strategy
  • Find a Social Media Marketing Company for Your Business

What is Social Media?

Social media: online platforms and tools that allow users to create, share, and engage with content, as well as connect with others in virtual communities. These platforms enable users to interact through text, images, videos, and links, fostering communication, collaboration, and the exchange of ideas. 

If you aren’t convinced of the benefits of social media for business based on this definition, here are some stats for you to consider:

  • Global Social Media Users: There are 5.17 billion social media users globally in 2024, reflecting continuous growth from previous years ​(DemandSage).
  • Social Media for Business: 89% of U.S. companies use social media for marketing, helping them gain better audience insights ​(Marketing Scoop).
  • Impact on Product Discovery: 78% of consumers say that social media posts influence their purchasing decisions, and 76% have purchased a product they first discovered on social media ​(Marketing Scoop)
  • Engagement Rates: Video posts on Facebook generate 600% more engagement compared to other post types, making video content a powerful tool in social media marketing ​(SocialPilot).
  • Ad Spending Growth: Global social media ad spending is projected to reach $227 billion by 2024, up from $154 billion in 2021​(Marketing Scoop).

Popular Social Media Platforms

1. Facebook

  • Overview: Facebook is the largest social media platform, offering businesses the ability to target ads based on user behavior, demographics, and interests. It supports a variety of formats like image, video, carousel, and lead ads.
  • Key Stats:
    • 3.07 billion monthly active users as of 2024​
    • 81% of businesses share videos on Facebook
    • Facebook ads can reach 2.25 billion people globally​
  • Source: DemandSage | SocialPilot

2. Instagram

  • Overview: Known for its visual-first approach, Instagram is ideal for brands with strong imagery and video content. It offers various tools like Stories, Reels, and Shopping features.
  • Key Stats:
    • 2 billion monthly active users​
    • 71% of U.S. businesses use Instagram for marketing​
    • Instagram ads can reach nearly 1.3 billion users worldwide​
  • Sources: ​SocialPilot | DemandSage

3. YouTube

  • Overview: The world’s second-largest search engine, YouTube, is perfect for long-form content like tutorials, product reviews, and explainer videos. It provides a platform for video advertising and brand-building through channels.
  • Key Stats:
    • 2.50 billion monthly active users​
    • Over 500 million hours of videos are watched on YouTube each day​
    • 70% of viewers have bought from a brand after seeing it on YouTube​
  • Source: ​SocialPilot | DemandSage

4. LinkedIn

  • Overview: LinkedIn is a professional networking platform used primarily for B2B marketing, job recruitment, and content marketing. It's particularly effective for businesses targeting decision-makers.
  • Key Stats:
    • 930 million members globally​
    • 80% of B2B leads come from LinkedIn​
    • LinkedIn drives 46% of social media traffic to B2B websites​
  • Source: Marketing Scoop | DemandSage

5. TikTok

  • Overview: TikTok is centered around short, engaging videos and has exploded in popularity, especially with Gen Z. It's a great platform for creative and viral marketing campaigns.
  • Key Stats:
    • 1.6 billion monthly active users​
    • TikTok has the highest engagement rate of any social media platform​
    • 67% of users say TikTok inspires them to shop even when they weren’t planning to​
  • Source: ​DemandSage

6. Twitter (X)

  • Overview: Twitter is a microblogging platform known for real-time news and short, concise messaging. It's popular for customer service, quick updates, and trending conversations.
  • Key Stats:
    • 586 million monthly active users​
    • 67% of B2B businesses use Twitter for marketing​
    • Twitter ads have a potential reach of over 350 million users​
  • Source: Marketing Scoop | DemandSage

Each of these platforms each offer unique opportunities for businesses to engage with their audience and promote products or services. Your choice of platform should depend on your goals, target audience, and type of content.

Read More: Tips for Creating a LinkedIn Business Page

 

What Are Key Benefits of Social Media for Business?

As social media platforms continue to develop, so do the opportunities for businesses to connect with their customers online. With a strategic social presence, you are able to customize your message to a certain audience based on age, location or demographic. Not to mention real-time interactions bring a whole new meaning to the term “customer service”. Some of the most sought-out social media benefits include:

Brand Awareness: Social media platforms offer businesses a direct line to large audiences, enabling them to increase visibility and familiarity with their brand. Frequent, consistent posts and ads help businesses stay top-of-mind for potential customers.

Humanize Your Brand: Social media allows businesses to show a more personal side, building trust and emotional connections with their audience. By sharing behind-the-scenes content, stories, and employee features, brands appear more relatable and authentic.

Drive Traffic To Your Website: By sharing links to your website in posts and ads, social media can act as a gateway to direct traffic, driving visitors who may otherwise not discover your site through search engines alone.

Drive Leads: Social media provides businesses with the opportunity to generate leads by using features like targeted ads, lead generation forms, or call-to-action buttons, guiding users to sign up for newsletters, webinars, or more.

Become A Thought Leader In Your Industry: By consistently sharing valuable, insightful content, businesses can position themselves as experts in their field. Regular updates on industry trends, research, and commentary can help businesses gain credibility.

Share Content and Resources: Social media makes it easy to distribute and amplify content like blog posts, videos, and eBooks. These resources help inform, entertain, or solve customer problems while reinforcing your brand message.

Utilize Influencers To Promote Your Brand: Partnering with influencers who have large, loyal followings helps brands reach wider audiences and benefit from the trust these influencers have built with their communities.

Offer Customer Support and Service: Social media provides real-time customer support through direct messaging and comment sections. Brands can address questions, resolve issues, and engage with customers publicly, showing their commitment to service.

Read More: Why Instagram Stories Will Bring You More Business

 

Quick Tips for Developing a Social Media Strategy

Social media strategy: a comprehensive plan that outlines how a business will use social media platforms to achieve its marketing and business goals. 

A good social media strategy includes setting measurable objectives (e.g., increasing brand awareness, driving website traffic), identifying target audiences, selecting the right platforms, and planning content creation, scheduling, and engagement tactics. A well-crafted strategy also involves monitoring performance and adjusting tactics based on data and insights.

Here are three quick, advanced tips for creating an effective social media strategy:

  1. Focus on Data-Driven Decisions: Use platform analytics and customer insights to tailor your content strategy. Identify which types of posts resonate best with your audience (e.g., video vs. images, short-form vs. long-form) and adjust your approach accordingly to optimize engagement and ROI. Regular A/B testing of ad creatives and posts can help refine your targeting and content format.
  2. Prioritize Platform-Specific Strategies: Avoid a one-size-fits-all approach. Each platform has distinct user behaviors—Instagram thrives on visual storytelling, LinkedIn is ideal for B2B thought leadership, and TikTok rewards authenticity and trends. Customize your messaging, format, and timing for each platform to maximize impact.
  3. Leverage Community Engagement and UGC: Encourage user-generated content (UGC) by creating branded hashtags, contests, or challenges that incentivize followers to engage with your brand. UGC not only builds social proof but also deepens community relationships, improving loyalty and long-term brand advocacy.

Read More: 5 Reasons You Should Use a Social Media Content Calendar

 

Find a Social Media Marketing Company for Your Business

Social media isn’t just a fun hobby anymore. It’s an essential marketing tool to give your business opportunities to make connections and build relationships with current and new customers

 If you have questions on how to market your business on social media or want to get started, make sure to contact our team by clicking the button below.

 

Let's Connect!

 

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