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What are KOLs in Marketing? (And How to Work With Them)

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Unless you’re a plucky time-traveler from the 1800s, you probably already know what an influencer is. (If you do fall into that first category, welcome to 2022! Wait ‘till you hear about BeReal.) Influencing as a career has made a significant impact on social marketing, and on the media industry as a whole.

But not all influencers are equal, and there’s a new community of prominent folks using ring lights to make a difference. These industry leaders are called KOLs, and they’re a valuable part of any modern social media marketing strategy.

In this blog post, we’ll take you through all the ins and outs of KOLs: what they are, why they’re great for marketing and how to find the right KOL for your brand. Scroll for more (time traveler: not that kind of scroll).

Bonus: Get the influencer marketing strategy template to easily plan your next campaign and choose the best social media influencer to work with.

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What are KOLs?

KOL stands for key opinion leader. A KOL is similar to an influencer in that they have influence: a KOL has a significant following made up of people who care about their values, and often, those people are willing to commit their own money towards things that the individual deems worthy.

The main difference between influencers and KOLs is that KOLs have a more niche audience, and are generally valued as experts within that niche. Also, influencers are a specifically online phenomenon, and KOLs don’t need to have an online presence (but, since we’re talking about social marketing in this blog post, we’ll just be focusing on the ones that do).

For example, fashion-forward canine influencer @jiffpom has over 9 million loyal followers, but he wouldn’t be considered a key opinion leader in a specific niche (sorry, Jiff—good thing you can’t read).

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Also in the animal category is Dr. Lauren Thielen. She’s a veterinarian who specializes in exotic animals, and she’s regarded as a KOL: folks rely on her to share insight within her specific niche, and she’s considered a knowledgeable expert.

4 reasons to work with KOLs

So, why contact a KOL for a social marketing partnership? Let us count the ways:

1. Reach a wider (and more engaged) audience

Collaborating with other creators will always result in your brand showing up on more feeds—your business is shared with both your followers and the creator’s followers. That’s why influencer marketing is so popular.

So a wider audience is a given. But because KOLs have a more niche audience, their followers are generally more engaged: they’re more likely to like, comment on and share posts. That’s better for business.

Followers aren’t all about quantity (and besides, there’s a lot of follower bots on Instagram, and they’re not going to financially support you)—having a smaller community of quality followers is more important than hitting a certain number.

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2. Make more sales

That’s the end goal of any marketing campaign, right?

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Because of the factors mentioned above (reaching more, better-engaged social media users) it’s easier to convert your presence on social into sales when you partner with a KOL. They’re leaders in their field, so their endorsement of any product is likely to result in more sales.

In addition to monetary support, there’s a certain authentication that comes with a relationship with a KOL—but more on that in the next section.

3. Gain support from experts

It’s not just about money. Having public support from a respected expert in an industry related to your brand is invaluable in terms of your audience’s trust in your product.

In short: support from a KOL makes you seem more legit.

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This helps with sales, but can also help grow your community and make you more appealing to potential future collaborators. That influencer you’ve been DMing with might be more likely to partner with you if you’ve got support from a KOL. Same with that company you want to do a giveaway with.

Expert support can differentiate good social marketing from great social marketing. It proves you’re not just talking the talk.

4. Naturally expand beyond social marketing

Here’s where a key difference between KOLs and influencers comes in handy: KOLs don’t need to have a social media presence. Stay with us.

KOLs usually don’t build their following through social media. They’re experts in their field, so they might gain their following through successful businesses, professional conferences, or even word of mouth. Generally, the social media following will come after already building this audience.

We mentioned earlier that we’re only focusing on KOLs who do have a social media following, and that’s true. But partnering with a KOL might lead to an audience beyond social media, as well.

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For example, Dr. Sanjay Gupta is a neurosurgeon, writer, podcaster and respected key opinion leader in the medical field. He has a social presence (245k followers on Instagram, 2.5 million on Twitter) but he also has folks who follow his research, watch him on TV, listen to his podcast and read his work.

Having someone like Dr. Gupta publicly support your brand is good for business, beyond social. He’s not just on the ‘gram—he’s on television, doing interviews with Big Bird and podcasting.

How to find the right KOLs for your brand

If you’re just getting started with KOL marketing, finding the right leaders can be challenging. Here’s a few tips for nailing those perfect partnerships.

Look for KOLs in an industry that is related to your brand

Just because you admire a key opinion leader doesn’t mean they’re a good fit for partnerships. Make sure the KOLs you look to collaborate with are working in a field that is related to your own.

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Thoroughly research a KOL before reaching out to them

We’ll touch on this more in the next section, but the quick and dirty truth is that you don’t want to align yourself with anyone who might give your brand a bad rep. Make sure you dive deep into their social media (and any other info you can get your hands on!) to ensure you aren’t accidentally partnering with a PR nightmare.

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Look to other successful brands for guidance

The badass businesses you look up to likely have done KOL partnerships in the past. Take some inspo from them and reach out to similar leaders.

Only reach out to KOLs with experience in social media

As mentioned before, key opinion leaders don’t need a social presence in order to be considered KOLs—but since you’re collaborating with the end goal of growing your business via the internet, you’ll want to make sure that any KOL you partner with is social media-savvy.

Look for KOLs who have partnered with brands in the past

Many key opinion leaders will have already collaborated with a business, and experience is always good. A KOL who has a media kit or other collab-related info on their website likely has at least some basic knowledge of how a brand partnership works.

Put out a public call

This isn’t a particularly specific strategy, but it’s low-investment and potentially high-reward. Putting out a call on social (asking for key opinion leaders on a given subject) doesn’t take long, and it gives your audience the opportunity to recommend experts. It’s not a foolproof game plan, but you never know what a public call might yield.

4 tips for getting the most out of KOL marketing

Alright, now you know everything you need to know about key opinion leaders. Here’s how to make sure you’re using this marketing strategy to its fullest potential.

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1. Do your research

You wouldn’t hire a new employee without an interview and reference check, right? While a partnership with a key opinion leader isn’t the same as them working for you, some of the same principles apply: the KOL is now an extension of your brand, and everything they do or say may impact your company. The last thing you want is to align yourself with someone who is #cancelled.

So, do your research. Don’t just check that the KOL has an engaged audience and effective social presence—you’ll also want to be sure that their values and ethics match up with your brand (and with fans of your brand).

There’s always risk involved when extending your brand to other people, but you can limit some of this risk by scouring the internet beforehand (“Is [KOL name here] racist” is a good Google search to start with, IMHO).

See also  30+ Twitter Tools (or X Tools) for Marketing Pros

2. Know your goals — and communicate them well

Before reaching out to a KOL for a potential collab, make sure you know what you want out of the relationship. If you don’t communicate your needs clearly (or worse, if you don’t know what your needs are) it’s likely that the KOL won’t be able to deliver a successful result.

Being explicit about what your goals are is the best way to make sure they’re reached. A goal might look like hitting a certain follower count, getting a certain number of affiliate link uses or simply getting a certain number of likes or shares on the KOL’s content. Whatever your goal is, make it crystal clear.

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Trust their advice

They’re called leaders for a reason. KOLs are the experts: they know what they’re talking about, and if they offer you insight or guidance, seriously consider it.

You’re not seeking out a partnership with a KOL just because of their social following. You (and your potential customers) genuinely value their opinions, so you should respect them—even if they’re contrary to your original plan. Collaborations should be, well, collaborative, and it’s important that the KOL you’re working with feels that their input is being valued—which brings us to our next point:

4. Invest time, effort and money into the partnership

Equality is important in any partnership, and the KOLs you collaborate with need to feel that sense of equality in your relationship. A key opinion leader (or any human, for that matter) doesn’t want to feel used.

So yes, listen to their advice, but also invest all the resources you’re able to in the partnership. Make sure you reply to their emails in a prompt manner, be friendly and welcoming, and compensate them well. Ideally, you’ll form a positive relationship with a KOL that can last for a long time and potentially lead to other partnerships in the future.

Not investing adequate resources into a collab like this can result in the KOL feeling uncomfortable, which is bad in general (we want everyone to have a good time) and very bad for business (when things get hairy, you want the experts on your side). This isn’t a last-minute, off-the-side-of-your-desk commitment. You’ll get out of it what you put into it.

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And with that, we officially deem you ready to embark on your first KOL partnership. Go! Go! Go!

Make KOL marketing easier with Hootsuite. Schedule posts, research and engage with KOLs in your industry, and measure the success of your campaigns. Try it free today.

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YouTube Shorts Monetization Guide [How Much Can You Make?]

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Just like all the other social platforms, YouTube has been leaning hard into short-form video content, with a Shorts tab on the main menu and a prominent Shorts feature on the watch page. So, it’s no surprise that YouTube Shorts reached two billion monthly logged-in users as of July 2023.

In this post, we talk specifically about YouTube Shorts monetization, a.k.a. how to make money from your YouTube Shorts. If you’re looking for a more general primer on this format, check out our blog post on how to make YouTube Shorts.

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Can you monetize YouTube Shorts?

Yes!

It’s been possible to monetize regular long-form YouTube videos for more than 15 years now. In that time, creators, artists, and media companies have earned more than $50 billion from their YouTube content.

But Shorts are a much newer format, and they weren’t originally part of the YouTube Partner Program (YPP). Fortunately for all those who found themselves wondering, “When will YouTube Shorts be monetized?,” the platform announced YouTube Shorts monetization options in late 2022. Since then, creators who focus on YouTube’s short video format have been able to earn money from their work.

How does YouTube Shorts monetization work?

YouTube Shorts monetization is, well, a little complicated. The sources of monetization are:

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  • YouTube Shorts ad revenue sharing
  • YouTube Premium subscription revenue sharing for Shorts
  • YouTube Shopping
  • YouTube fan funding

YouTube first launched Shorts monetization through the YouTube Shorts fund in 2021. It was a $100 million fund intended to encourage the adoption of the new format by rewarding Shorts creators who made the most engaging content. It was always meant to be a stopgap measure while YouTube worked on a long-term model for monetizing Shorts. This fund was discontinued when the Shorts ad revenue sharing model launched in February 2023.

YouTube Shorts ad revenue sharing

In this method of seeing your YouTube Shorts monetized, you get a share of the revenue generated from ads between videos in the Shorts feed. Your share is based on a four-step formula.

Shorts ad revenue sharing diagram pool calculate distribute and revshare

Source: YouTube Help

  1. YouTube adds together all the revenue from ads shown between videos in the Shorts feed.
  2. YouTube calculates how much of the revenue associated with Shorts is needed to cover music licensing for tracks used in Shorts. That money is paid directly to music partners. The rest of the ad revenue goes into the Creator Pool
  3. YouTube allocates a percentage of the total Creator Pool to each monetizing creator based on their share of total views in each country.
  4. YouTube applies the revenue share formula: They take 55% of the allocated revenue and you get 45%.

YouTube Premium subscription revenue sharing for Shorts

Like ad revenue sharing, this method of seeing your YouTube Shorts monetized allocates payments based on your share of views within your country. In this case, the formula only applies to subscription Shorts views.

Here’s how YouTube describes the formula:

“YouTube will pay 45% of the net revenue from YouTube Premium that is allocated to monetizing creators for Shorts. A portion of YouTube Premium revenues are allocated to help cover costs of music licensing.”

You can see your estimated daily Shorts Feed ad revenue in YouTube Analytics.

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YouTube Shopping features

In addition to revenue sharing from ads and Premium subscriptions, you can monetize your YouTube Shorts using YouTube Shopping to promote your products.

If your Short features products, you can tag them during the upload flow. A product overlay will then show on your content, which allows users to browse and purchase your products without leaving YouTube while continuing to watch your Short.

See also  12 Exciting Things to Try on Instagram in 2023

YouTube Fan Funding

Once you turn on YouTube monetization, you’re eligible for all YouTube fan funding options, including:

  • Super Thanks
  • Super Chat
  • Super Stickers, and
  • Channel Memberships

The most relevant to creators focused on YouTube Shorts are Super Thanks and Channel Memberships.

Formerly known as Viewer Applause, Super Thanks is a way for your biggest fans to show appreciation for your content. Through Super Thanks, a viewer purchases a one-time animation that only they see over the top of your Short. They also get to post a customizable and colorful comment in the comments section of the Short.

Super Thanks is available at four price points, ranging from $2 to $50. You get 70% of the Super Thanks revenue after taxes and fees.

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Thank Barbara with Super Thanks

Source: YouTube Official Blog

Meanwhile, channel memberships is a fan funding program that allows you to reward paid members with perks like badges, emojis, exclusive content, and live streams.

You can set your membership tiers as low as $0.99 and as high as $499. You can have up to five tiers with different monthly price points and perks. Creators keep 70% of that amount, while YouTube takes a 30% commission.

Who is eligible for YouTube Shorts monetization?

To be eligible for full YouTube Shorts monetization, you need to have a minimum of 1,000 subscribers. You also need to have either 10 million valid public Shorts views in the last 90 days or 4,000 valid public watch hours of long-form videos in the last 12 months.

Public watch hours from Shorts in the Shorts Feed don’t count towards the watch hour threshold, so the Shorts views requirement is the better target if you focus primarily on Shorts.

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YouTube Partner Program Eligibility subscribers watch hours and shorts views

Source: YouTube Help

Can you monetize YouTube Shorts before you hit these thresholds? Yes, but in a limited way. In June 2023, YouTube launched an expanded program to allow newer creators and those with a smaller following to monetize through YouTube Shopping and fan funding.

However, you will not have access to Shorts ad revenue sharing or YouTube Premium subscription revenue sharing.

To apply for this expanded program, you need to have 500 subscribers. You also need three valid public uploads in the last 90 days and three million valid public Shorts views in the last 90 days. (Or 3,000 valid public watch hours of long-form videos in the past year.)

YouTube Shorts monetization criteria 500 subscribers and 3 valid public uploads

Source: YouTube Help

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For both programs, you must also:

  1. Understand and comply with the YouTube Channel Monetization policies.
  2. Live in a region where the program is available. (The expanded program is for now only available in these countries.)
  3. Ensure your channel doesn’t have any active Community Guidelines Strikes.
  4. Turn on 2-step verification for your Google account.
  5. Have access to advanced features on YouTube based on your channel history or by verifying your identity (not applicable for the expanded program).
  6. Have an active AdSense account.

You can log into YouTube Studio at any time to see how close you are to eligibility, and request notification when you’re eligible.

YouTube Studio eligibility criteria for monetization

Source: YouTube Studio

How to start monetizing YouTube Shorts

Here’s how to become part of the YouTube Partner Program and start monetizing your YouTube Shorts.

  1. Sign in to YouTube.
  2. Click your profile picture in the top right and then click YouTube Studio.
  3. Click Earn in the left menu.
  4. If you’re eligible, you’ll see an Apply button. Go ahead and click it. If you’re not yet eligible, click the Get Notified button to come back and finish the process once you meet the requirements.
  5. Click Start to review and Accept the Base terms.
  6. Link your existing AdSense account, or click Start to set up a new one if you need to.
  7. Wait for YouTube to review your application. (This usually takes about a month, so be patient.)
  8. Once you are approved, go back to the Earn section of YouTube Studio and accept the Shorts Monetization Module.
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Note: These are the instructions for applying from your computer. The specific instructions are slightly different for Android and iOS, but in both cases, you start by opening the YouTube Studio app and tapping Earn in the bottom menu.

To start monetizing with Super Thanks fan funding, go to the Earn tab in YouTube Studio and click Supers. Click Get Started and follow the prompts.

For Channel Memberships, go to the Earn tab, then click Memberships and Get Started.

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How much can you earn through YouTube Shorts monetization?

Unfortunately, the earnings from YouTube Shorts are – at least so far – not spectacular. The consensus among YouTube Shorts creators is that revenue per thousand views (RPM) is coming in around $0.05 to $0.07. That’s about $50 to $70 for a million views.

For those of you curious about YouTube Shorts monetization updates, here is Feb2-Feb 8th earnings from approx 35 Million views. pic.twitter.com/kMyjW6KB0b

— Zach King (@zachking) February 10, 2023

YouTube Shopping revenue will depend entirely on how well you promote your products and the price point of those products. Keep an eye on Revenue in your YouTube Analytics to see how much you earn through your YouTube Shopping tags in Shorts.

Likewise, Super Thanks will depend on how much your fans value your content, and how close a connection you form with them. Super Thanks is, after all, like a digital tip.

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So: Are YouTube Shorts monetized? Yes. But, the earnings are not going to replace what a creator would typically earn from long-form YouTube videos.

However, as you’ll see below, the YouTube Shorts monetization features are not the only way to earn money with your short-form content on YouTube.

4 other ways to make money with YouTube Shorts

1. Join an affiliate program

There are two ways to make money on YouTube Shorts with an affiliate program, depending on how big your channel is and where you live

YouTube Shopping Affiliate Program

If you have more than 20,000 subscribers and are based in the United States, you may be eligible for the official YouTube Shopping Affiliate Program. This program allows you to use YouTube Shopping to promote products from other brands in your Shorts and earn a commission.

Just like regular YouTube Shopping, you can tag the products directly in your content and use a call to action to let viewers know where to shop. You can also request product samples from select brands to help you plan and develop future YouTube Shorts.

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External affiliate programs

You can also use YouTube Shorts to promote affiliate programs that you join directly. There’s no set number of subscribers for this, or any required amount of watch time.

You simply find an affiliate program that relates to products you mention in your Shorts, and then earn an affiliate commission for sales you refer to that retailer. In this case, you get paid by the retailer that runs the affiliate program (or their affiliate network), rather than by YouTube itself. So how do you actually direct viewers to your affiliate link?

This YouTube creator uses a pinned comment on his Shorts to direct viewers to his profile for links to specific products. Think of it as the YouTube Shorts equivalent to an Instagram link in bio.

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pinned comment Simon the Siamese Cat link to Amazon product page

Source: @SimontheSiameseCat

He is promoting products using the Amazon Associates program. Since this is one of the largest affiliate programs out there, we’ve got a whole blog post on everything you need to know about Amazon Associates.

Shorts that include affiliate content must follow Google’s Ad Policies and Community Guidelines. You also need to disclose that there is paid promotion in the Short. During the upload workflow, tap Yes, it includes paid promotion, then tap Yes.

Your Short will then show a label to let viewers know that the video includes paid promotion.

If you’re interested in this approach to YouTube Shorts monetization, check out our post on how to use affiliate marketing.

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2. Work with brands

Rather than applying for affiliate programs, you can reach out to brands to work with them directly. If you have a large enough following, brands may even start to reach out to you.

Working with a brand as a YouTube Shorts influencer could mean anything from free products to getting paid a fee to create and post brand-specific content.

As with affiliate marketing in YouTube Shorts, you need to disclose the brand relationship using the paid promotion disclosure option in the upload workflow.

3. Patreon

If you were an artist living in Renaissance Europe, you’d likely have a patron to fund your work. Patreon brings this concept into modern times by allowing content creators to monetize their content through paid subscriptions.

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Video is the top content format on Patreon, so it’s a good fit for monetizing YouTube Shorts. You could use Shorts to share an excerpt of a deep-dive video and let viewers know the full story is available through one of your Patreon membership tiers.

Or, you could use the Community tab on Patreon to chat with your patrons and develop a community.

So, what’s the advantage of using Patreon over YouTube channel memberships? First off, you can create a Patreon with no minimum subscriber or watchtime threshold.

Beyond that, you’ll need to explore each program to see which makes more sense for your specific situation and the perks you want to provide.

For more ideas, check out our full blog post on how to earn money with Patreon.

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4. Use Shorts to grow viewership for long-form videos

While this is not strictly speaking a direct form of YouTube Shorts monetization, it’s an important thing to think about when calculating ROI for your YouTube Shorts.

Sure, the YouTube Partner Program payouts for YouTube Shorts are not spectacular. But, especially for new YouTube creators, Shorts can be the one of fastest ways to build your audience. You can then create and monetize regular long-form YouTube videos, which earn ad revenue at a much higher RPM.

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5 B2B Social Media Marketing Tactics That Actually Work

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B2B social media marketing can be an effective way for brands to build awareness, strengthen relationships, and close sales. But B2B social marketers face unique challenges when it comes to tone and content mix.

So, how do you use social tools to bring in (and keep) followers, create engagement, build brand awareness, and fill your funnel? Read on for all the tips you need to build an effective B2B social media strategy.

Bonus: Get a free social media strategy template to quickly and easily plan your own strategy. Also use it to track results and present the plan to your boss, teammates, and clients.

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B2B social media marketing is the use of social channels to market products or services to business clients and prospects. (B2B stands for business-to-business, as opposed to business-to-consumer or B2C.)

Marketers at B2C companies use social channels to reach consumers and influence purchases. Effective B2B marketing requires a different approach. B2B marketers have to think more strategically to reach business owners and decision-makers. They then nurture relationships that can lead to large purchase agreements.

All social channels can have a place in B2B marketing. But the balance and type of content will look different for a B2B social media strategy than for a consumer-focused plan.

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B2B social media success begins with a sound B2B social media strategy. Here’s how to build one for your brand.

 1. Align goals with business objectives

Just like a good B2C strategy, every B2B social media plan should answer the following two questions:

  1. What are the company’s business objectives?
  2. How will B2B social media marketing help achieve them?

But the similarities mostly end here. B2B and B2C social media marketers use social platforms for different purposes. B2C social media campaigns drive sales, while B2B social is more “top of funnel.” Social media goals for B2B marketers should likely focus on longer-term business objectives.

In fact, the top 3 overall goals for B2B companies are:

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  1. Create brand awareness
  2. Build trust and credibility
  3. Educate audiences

Generating sales or revenue comes in at number 8.

Those top three goals all contribute to social media B2B lead generation. Successful B2B marketers also use content marketing to nurture subscribers, audiences, or leads.

Our blog post on goal-setting can help you establish the right goals and objectives for your B2B social media plan.

Don’t forget to include internal objectives and goals within your plan. According to research published in the Journal of Business Logistics, social media can help account managers increase both product and competitor knowledge.

2. Know your audience

Your corporate structure probably caters to various client personas. Or, at least, different client categories.

For instance, a design firm might work for commercial, public, and residential customers. It likely has team members or verticals that specialize in each category.

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Your B2B social media marketing strategy should do the same. Focus on building fleshed-out buyer personas of your ideal customers. These will allow you to create social media content that speaks to real people.

Understanding your audience also means understanding which social channels they use. As a general rule, you should be where your customers are. Not sure where that might be? Start with the overall social media demographics. Then, dive into some audience research.

Almost all B2B content marketers (96%) use LinkedIn. They also rated it as the top-performing organic platform.

organic non paid social media platforms B2B content marketers used in last 12 months

Source: Content Marketing Institute

For paid social media posts, the picture for B2B social media platforms is similar but not identical. LinkedIn again comes out on top (78%). But Instagram outranks YouTube and Twitter (a.k.a. X) is down at the bottom of the pack.

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paid social media platforms B2B content marketers used in last 12 months

Source: Content Marketing Institute

Separate channels may also be relevant for different verticals, products, and markets. Depending on the industry and size of your business, you might want to consider:

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Or any other account that speaks to a specific audience within your niche. Make sure you’re delivering the information your target audience wants in the right place and at the right time.

Keep in mind that B2B social marketing will likely become even more personalized in the future. Account-based marketing (ABM) will become the norm. In ABM, sales and marketing teams work together. They personalize outreach and marketing to decision-makers at target companies.

Social media is a prime tool for ABM. For instance, social listening allows you to keep tabs on your most important prospects.

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3. Understand the competition

While you never want to copy the competition, it’s always useful to know what they’re up to. Understanding what the competition is doing helps you understand your own specific niche.

Start by benchmarking your current social media performance against your competitors. Hootsuite Analytics has a built-in benchmarking tool that shows how you stack up against others in your field.

industry benchmarking profile impressions audience growth rate and post engagement rate

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You can get an even better understanding of the competition by using social media listening to monitor their social media activities, so you can gain insights from their B2B social media examples. Such as:

  • When and how often they post
  • What kinds of voice and tone they use
  • What kind of content gets the most engagement
  • Specific customer pain points that may be unaddressed

You can use this information to guide your own social strategy. Especially before you have enough data to get meaningful insights from your own social posts. (More on that later.)

Want more details on competitor research? We’ve got a full blog post on how to conduct a competitor analysis on social media.

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4. Create a content calendar and content library

Once you understand your customers and the competition, it’s time to think about what and when you will post on social media.

First, you need to plan your content calendar: What you will post on each of your social accounts and when. Deciding on the right content mix is an important part of this step, as no one will want to follow you if all you do is promote your products. We’ve got some content ideas for you later on in this post.

A social media management platform organizes your content calendar so you can create and schedule content in advance. And 76% of the most successful B2B businesses do so.

Hootsuite’s Composer allows you to schedule all of your social media channels from one screen. You have a holistic view of your content distribution. This advance planning gives you time to use the built-in content approval workflows. Composer also recommends the best time to post on each platform based on your past performance and selected goals.

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Hootsuite’s content library is another important feature for B2B marketers. You can use the library to store pre-approved content and brand assets.

This protects your brand identity and reputation while making life easier for all members of the content creation team.

5. Analyze and refine

​​Almost all (87%) of the most successful B2B content marketers say they measure their content performance accurately. Compare that to only 19% of the least successful.

This makes sense. How can you know how well your social content performs if you don’t measure with clear metrics and KPIs?

What metrics and data should you monitor? This depends on your business goals. You might focus on response time, impressions, engagement rate, conversions, sales, and more. The important thing is to set benchmarks and achievable goals.

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Don’t ignore barometers like customer satisfaction ratings, qualitative reviews, and your Net Promoter Score. Look at reductions in recruitment and customer support costs as well. All of this contributes to return on investment.

Be realistic about what efforts you’ll have hard numbers for and which will be trickier to quantify. Remember, just because you can measure something doesn’t always mean you should. And just because you can’t measure something (easily) doesn’t mean it’s not worthwhile.

See also  Instagram Video: Everything You Need to Know in 2023

Your best ally in building out a performance measurement plan is a good social media analytics tool. Hootsuite Analytics gives you one-screen access to performance data from every social network, including easy-to-understand graphics and charts.

Hootsuite Analytics performance measurement plan ROI analysis

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Speak to humans, not businesses

Remember that you’re not talking to brands – you’re talking to the people behind those brands. Likewise, they want to do business with the humans behind your brand.

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In the LinkedIn B2B Thought Leadership Impact study, 64% of executives said they prefer “a more human, less formal tone of voice” over “an even-toned, intellectual voice.”

And you’re not just talking to CEOs and purchasing officers. Younger people will move up the ranks and be making purchasing decisions within a few years. It pays to nurture relationships with industry pros at all stages of their careers.

One simple way to break out of the boardroom with your content is to get your employees involved. Tell their stories. Highlight their accomplishments. Real people make your social media presence and brand voice appear more human and boost your recruiting efforts.

Tip: You can easily build a streamlined employee social program using Hootsuite Amplify.

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Help your audience do their jobs

Think about ways you can make your followers’ (work) lives easier or more enjoyable. Provide content and resources that delight them in some way. Think how-to information, industry news, trends, tips, strategy, and so on.

Thought leadership is particularly important. 61% of decision-makers say thought leadership can be ”moderately or a lot more effective at demonstrating the potential value of its products/services compared to traditional product-oriented marketing.”

In content that does specifically promote your product, focus on how it will directly benefit the customer in real business terms. The latest Linked-in-Edelman B2B Thought Leadership Impact Report found that non-business-critical suppliers can best increase their chances of making a sale by:

  • Proving they will increase a prospect’s profit margins or minimize losses
  • Showing they can increase the likelihood of the prospect retaining customers and clients during a downturn
  • Showing they can help the prospect outperform competitors

Use humor your followers will understand

B2B social media is about starting conversations and building relationships that lead to sales in the long term. That “long term” part is key, though. Followers aren’t going to stick around if your content doesn’t interest them.

So don’t let B2B’s reputation for boring content hold you back. Humor is an import tool in your content-creation toolbox. You just have to find the right tone.

What kind of humor speaks directly to your audience? Is there an inside joke that only industry pros will understand? A pun that will amuse your followers while highlighting your product benefits? Signal to your audience that you understand social media is primarily a platform for content that entertains and delights.

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Respond to DMs and comments

If we were to highlight the most important component of a B2B social media strategy, this would probably be it. Anyone who comments on your content or sends you a DM is expressing interest in your brand. They’re practically raising their hands and shouting, “Hey! I’m a lead!”

That said, it’s easy for comments and DMs to get lost when you’re juggling multiple social platforms, each with its own inbox. A consolidated social media inbox like the one built into Hootsuite makes sure you never miss a thing.

Hootsuite Inbox also speeds up your response time by automatically routing messages through to the most appropriate person on your team. This ensures potential sales don’t get bogged down in the customer service queue.

Reduce response time (and your workload)

Manage all your messages stress-free with easy routing, saved replies, and friendly chatbots. Try Hootsuite’s Inbox today.

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B2B social media tactics and content ideas

1. Share a free resource

A free resource like a white paper or report can be a valuable way to earn the trust of your B2B social media followers. But only if the report provides quality information backed up by reliable data and research – and offers real-world suggestions for how to incorporate that information into operations.

See also  30+ Twitter Tools (or X Tools) for Marketing Pros

Two of the main qualities business leaders look for in thought leadership content are “robust research and strong supporting data” and “concrete guidance on how to respond to the issues or opportunities discussed.”

For example, here’s the primary and secondary data information for the Hootsuite 2023 Social Media Career Report:

Hootsuite 2023 Social Media Career Report survey and respondent data

And here are some of the ways Hootsuite shared the report on social media:

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But how much asking is too much? 🤣

All kidding aside, this is why you must ask for the damn raise already! You deserve it for so many reasons.

Discover the most convincing reasons, and build up the courage to ask with insights from our career report: https://t.co/khvqGRv9m1 pic.twitter.com/yzD3sPLZ4k

— Hootsuite 🦉 (@hootsuite) September 19, 2023

2. Crack a joke

We talked about humor earlier in this post. Here’s where the rubber hits the road. From a tongue-in-cheek play on words, to a funny meme, to a straight-up dad joke, tickle your followers’ funny bones from time to time to keep them coming back for more.

The level of humor can vary with the platform, and should be based on audience research. For instance, you can likely skew a lot more silly on TikTok than on LinkedIn.

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@adobe

@artandsuchevan finds creativity in the tiniest and most unexpected places ✨

♬ original sound – Adobe – Adobe

Keep a close eye on your analytics after posting anything outside the norm for your brand to see how your audience responds. If they love it, give them more. If the response is tepid or you see an unusual number of unfollows, rethink your strategy and try a different approach to humor.

3. Join a relevant conversation

We talked about social listening above in the context of competitor research. But it’s also a great way to find conversations relevant to your industry and your brand.

Simply add relevant hashtags and industry terms to your Hootsuite streams. When you find a relevant conversation, pop in with helpful information (never a hard sell). This is all about building relationships and creating brand awareness.

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For example, when Patrick Mahomes was caught correcting an awkward grammar mistake on Twitter (shout out to the edit button!), both Grammarly and Merriam-Webster jumped in.

Patrick Mahomes grammar mistake correction on Twitter post

Source: @PatrickMahomes

The edit deserves a touchdown.🏈

— Grammarly (@Grammarly) September 12, 2023

Proud of this edit.

— Merriam-Webster (@MerriamWebster) September 12, 2023

4. Share some stats

We’ve talked about the importance of thought leadership already. Quick stats and infographics are an easy and effective way to share thought leadership on social media without requiring followers to dive deep into a long report.

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Infographics are snackable and highly shareable, meaning they can help your content spread well beyond your own social followers.

5. Empathize

Business can be tough, and you can gain a lot of brand loyalty by showing you understand the difficulties employees face. Remember, you need to win the hearts and minds of future business leaders, not just those who are making purchasing decisions today.

We hope this message finds you well. Unless you’re on PTO. In that case, we hope this message does not find you; we hope you find yourself with a fully recharged battery. 🔋

— Slack (@SlackHQ) September 19, 2023

Easily manage all your social media profiles using Hootsuite. From a single dashboard, you can schedule and publish posts, engage your followers, monitor relevant conversations, measure results, manage your ads, and much more.

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2023 Average Engagement Rates for 13 Industries [STATS]

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So you’ve planned and launched a social media campaign, and waited patiently for the likes, comments, and conversions to roll in. Now you’re looking at your performance report, wondering what the numbers actually mean. Is a 2% engagement rate high or low? Did your target audience love your campaign, or was it a flop?

Without social media benchmarks (a.k.a. average performance stats for a social platform or industry), it’s difficult to make sense of raw data. But we got you. In this post, we’ve rounded up average social media engagement rates from 13 top industries to give you a better understanding of where you stand. (And empower you to brag to your boss with data-informed confidence — you’re welcome.)

We’ve even included a simple (and free!) engagement rate calculator you can use to quickly double-check your own performance stats.

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Average engagement rates (September 2023)

Below, you’ll find the latest average engagement rates (per post), broken down by industry and social network.

Where did this data come from? Our team collects and anonymously compiles data from social accounts connected to Hootsuite. Each benchmark is based on at least 100 social accounts, and no data can be traced back to any individual account.

For more benchmarks (including impressions, audience growth rate, posting frequency, and much more) and insights that will help you improve your marketing strategy, start a free 30-day Hootsuite trial and browse stats from your industry — and hand-picked competitors — in Hootsuite Analytics

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Industry benchmarking in Hootsuite Analytics: Performance summary with dedicated resources for improvement

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Agencies

  • Average X (Twitter) engagement rate: 1.02%
  • Average Instagram engagement rate: 2.06%
  • Average Facebook engagement rate: 0.82%
  • Average LinkedIn engagement rate: 1.18%
  • Average TikTok engagement rate: 0.71%

Average social media engagement rate in September 2023: Agencies

Education

  • Average X (Twitter) engagement rate: 1.03%
  • Average Instagram engagement rate: 3.16%
  • Average Facebook engagement rate: 1.63%
  • Average LinkedIn engagement rate: 1.81%
  • Average TikTok engagement rate: 0.52%
See also  9 Creative Ways to Improve Your Brand Awareness

Average social media engagement rate in September 2023: Education

Entertainment and media

  • Average X (Twitter) engagement rate: 1.4%
  • Average Instagram engagement rate: 1.66%
  • Average Facebook engagement rate: 1.09%
  • Average LinkedIn engagement rate: 1.32%
  • Average TikTok engagement rate: 9.77%

Average social media engagement rate in September 2023: Entertainment and media

Financial services

  • Average X (Twitter) engagement rate: 0.99%
  • Average Instagram engagement rate: 1.87%
  • Average Facebook engagement rate: 0.97%
  • Average LinkedIn engagement rate: 1.74%
  • Average TikTok engagement rate: 0.64%

Average social media engagement rate in September 2023: Financial services

Food and beverage

  • Average X (Twitter) engagement rate: 0.79%
  • Average Instagram engagement rate: 1.49%
  • Average Facebook engagement rate: 0.71%
  • Average LinkedIn engagement rate: 1.11%
  • Average TikTok engagement rate: 0.64%

Average social media engagement rate in September 2023: Food and beverage

Government

  • Average X (Twitter) engagement rate: 1.33%
  • Average Instagram engagement rate: 2.05%
  • Average Facebook engagement rate: 1.64%
  • Average LinkedIn engagement rate: 2.14%
  • Average TikTok engagement rate: 0.8%

Average social media engagement rate in September 2023: Government

Healthcare and wellness

  • Average X (Twitter) engagement rate: 0.92%
  • Average Instagram engagement rate: 2.28%
  • Average Facebook engagement rate: 1.31%
  • Average LinkedIn engagement rate: 1.61%
  • Average TikTok engagement rate: 0.75%

Average social media engagement rate in September 2023: Healthcare and wellness

Nonprofit

  • Average X (Twitter) engagement rate: 1.18%
  • Average Instagram engagement rate: 2.47%
  • Average Facebook engagement rate: 1.61%
  • Average LinkedIn engagement rate: 2.26%
  • Average TikTok engagement rate: 0.63%

Average social media engagement rate in September 2023: Nonprofit

Real estate

  • Average X (Twitter) engagement rate: 0.81%
  • Average Instagram engagement rate: 1.5%
  • Average Facebook engagement rate: 1.01%
  • Average LinkedIn engagement rate: 1.68%
  • Average TikTok engagement rate: 0.39%

Average social media engagement rate in September 2023: Real estate

Retail

  • Average X (Twitter) engagement rate: 0.87%
  • Average Instagram engagement rate: 2.07%
  • Average Facebook engagement rate: 0.82%
  • Average LinkedIn engagement rate: 1.29%
  • Average TikTok engagement rate: 1.21%

Retail

Professional services and consulting

  • Average X (Twitter) engagement rate: 0.89%
  • Average Instagram engagement rate: 1.62%
  • Average Facebook engagement rate: 1.05%
  • Average LinkedIn engagement rate: 1.55%
  • Average TikTok engagement rate: 0.36%

Average social media engagement rate in September 2023: Professional services and consulting

Technology

  • Average X (Twitter) engagement rate: 1.34%
  • Average Instagram engagement rate: 1.47%
  • Average Facebook engagement rate: 1%
  • Average LinkedIn engagement rate: 1.72%
  • Average TikTok engagement rate: 0.55%
See also  2023 Average Engagement Rates for 13 Industries [STATS]

Average social media engagement rate in September 2023: Technology

Travel, hospitality, and leisure

  • Average X (Twitter) engagement rate: 1.32%
  • Average Instagram engagement rate: 1.7%
  • Average Facebook engagement rate: 0.97%
  • Average LinkedIn engagement rate: 1.47%
  • Average TikTok engagement rate: 6.01%

Average social media engagement rate in September 2023: Travel, hospitality, and leisure

Average engagement rates: September insights

1. Instagram users are the most engaged

Across almost all industries, Instagram consistently has the highest average rates compared to other social networks.

Interestingly, educational institutions generated higher Instagram engagement than any other industry in September. If you run social media for a school, college, or university and struggle to get your engagement rates up to the industry average, here are some tips that will help.

2. TikTok is a great platform for entertainment and travel-related content

Exceptionally high TikTok engagement rates suggest that short-form video is a great way to capture audience attention in these sectors. If you operate in one of these industries and haven’t started using TikTok to promote your business yet, you might be missing out! Our beginner’s guide to TikTok marketing will help you get started and connect with TikTok’s hyper-engaged community.

3. Financial services and technology have a hard(ish) time generating engagement

In general, financial institutions and tech companies appear to generate slightly lower social media engagement compared to other sectors — on every social media platform except for LinkedIn. This might be because these industries deal with complex and technical topics that can be challenging to engage a broad audience.

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Remember: It’s not a product or service that makes something seem “boring” — it’s bad marketing. You can create engaging social content even if your industry has a boring reputation. Not sure how? Check out these blog posts for inspiration:

4. The food and beverage industry wins on Instagram

Restaurants and other food-related businesses see high engagement on Instagram — which makes perfect sense, considering the platform’s focus on visual content (and its users’ obsession with posting pictures of their meals).

See also  How to Make Money on Pinterest [7 Strategies for 2022]

Free engagement rate calculator

Ready to compare your performance to industry benchmarks? Use this free tool to find out your engagement rate by post.

Note: If you’re calculating your account’s total engagement, include information about all your posts (e.g total number of posts published, total number of likes, and so on). If you’re calculating the engagement rate of a specific social media marketing campaign, only include the details of the posts that were part of the campaign.

Engagement rate calculator

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If you’re looking for more detailed data or you want to calculate different kinds of engagement (like engagement rate by reach or engagement rate by impressions), download our free spreadsheet calculator that will do the math for you.

Or, better yet, start a free 30-day Hootsuite trial to easily track the performance of all your social channels in one place (so you can replicate what works and get more engagement). Hootsuite’s social media analytics tool collects your stats from Facebook, Instagram, Twitter, LinkedIn, and TikTok.

Start free 30-day trial

With Hootsuite Analytics, you can also:

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  • Find out when your audience is online
  • Get personalized recommendations for your best times to post for each of your accounts
  • Easily view industry benchmarks and see how you compare to competitors

Use Hootsuite to track and improve engagement rates across all your social media channels. Try it free today.

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See how you perform against competitors, get actionable insights, and become the best in your space with Hootsuite Analytics.

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