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A recent survey reveals that 80% of global marketing leaders plan to shift their budgets towards social media, recognizing its importance in customer engagement and business growth. While social media is credited with driving customer acquisition and loyalty, many leaders struggle with measuring its ROI effectively. As brands increasingly invest in social media, enhancing data literacy will be essential for leveraging insights and improving outcomes.
Social media apps leverage location-based data not only for user engagement but also to create targeted advertising opportunities for competitors. While businesses encourage check-ins and user-generated content to enhance visibility, this behavior inadvertently feeds data into algorithms that can be used by rival companies to reach the same audience. Companies must be strategic and aware of how customer interactions contribute to their data profiles and consider alternative methods to engage customers without compromising their own market position.
Aldi has shifted its social media strategy to focus more on engaging content rather than traditional advertising, leveraging cultural trends to connect with customers. This approach has resulted in significant growth in engagement on platforms like Instagram and TikTok, differentiating Aldi from competitors who rely heavily on promotional content. The company's playful and timely posts are driving brand affinity and sales without overtly promoting the brand itself.