2015-04-08 00:00:00MarketingEnglishhttps://quickbooks.intuit.com/in/resources/in_qrc/uploads/2017/05/23.pnghttps://quickbooks.intuit.com/in/resources/marketing/testing-a-product-on-social-media/Testing a Product on Social Media

Testing a Product on Social Media

2 min read

Social media is a vital part of every company’s marketing efforts today, and most companies strive to establish a presence and leave an impact on their audiences.  With social networks like Twitter, Facebook & others lots of startups and small business owners have the opportunity to grow an audience and communicate with others in the industry. When it comes to research, many of these companies are turning to social media to test their products or services. Your social media audience represents your overall audience, and getting their opinions will definitely provide insights for your marketing strategy. Here are some of the strategies you can employ while testing a product: Better feedback tracking: Social media platforms give companies the opportunity to listen to consumers and understand their expectations from a product. Conduct in-depth research by social listening, and try to figure out the most pressing points that customers would like to see resolved through a product or service. Take into consideration these findings when you work on your product prior to the final launch. The authenticity of social media interactions when it comes to customers talking about brands will help you understand them better. Promotes transparency: Modern brands and companies are becoming a lot more aware of the need to be transparent and open with their audiences. More often than not, today consumers are kept in the loop about new product developments, initiatives, acquisitions or business deals and more. Testing a product and giving your audience a preview on social media gives them an idea that you are working on something new for them. It gives them the impression that their opinion counts and they are as much part of the process as the brand itself. Enables product improvement: It is a known fact that customers are your best critics. If you leverage social media to test the features and reception of your product, you will be able to see a different point of view. A feature that did not seem important at first might turn out to be crucial to your product’s success. In addition, honesty in admitting initial errors, bugs and hiccups will go a long way in establishing trust with your audience. Establishes customer anticipation: When you finally launch your product, it will be a lot easier to anticipate its reception and success. Involving your social media audience would have enhanced product capabilities through the data you can gather from researching your audience’s perceptions about the product. They would anticipate the product launch with a lot of enthusiasm, knowing that your company has also taken their inputs into account. You can pre-establish consumer excitement and buzz around your product, with the engaged customers in your audience talking about it and participating in discussions around it. Test visual messaging: You can use social media to test your product’s reception in the market, through innovative visuals and hints about the product. You can also use the platform to test the visuals in your landing page, analyze and see which visuals receive the most engagement and use these insights to plan your product launch accordingly. Social media is an excellent way to reach your prospects and communicate openly with your target audience. Testing out your product involves a lot of different approaches, and this is one of them – it can help you get more clarity around customer expectations and will also help build buzz around your product till the launch.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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