FreshNetworks Blog

It is important for any business to keep up-to-date on what people are saying about them, their competitors and the market they are in. Social media monitoring can play an important role here – letting you observe and then analyse what people are saying about these topics online and in social media. For small businesses this can be a powerful tool for research and for competitor intelligence.

We’ve previously posted a list of free social media monitoring tools, and how you can use tools like Twitter Lists to help keep a track of what is being said about you online. There is a lot that can be done here and setting up some simple monitoring tools is something that any small business should do. For free you can learn what people are saying right now about you, your competitors and the market you are in.

Imagine a small but growing emergency plumbing business that operates in a large city. You have a handful of competitors from one-man-bands to big plumbing firms. You are interested in what your customers are saying about you, about them and also about the plumbing needs that they have. Monitoring online can help you begin to understand better your competitors and your customers’ needs for minimal effort and no real cost. The key is to choose your keywords carefully. In this instance you could choose your own brand name and the name of the plumbers that work with you, your competitors and some key products you work with or services you offer. You might also choose to look for some bigger terms and topics concerned with DIY and other related issues.

Monitoring terms in this way is a useful mechanism for knowing what is going on and what is being said. Seeing when people refer to you, or the plumbers who work for you, and then knowing if they are happy or not with you. This gives you the information you need to change things, react if appropriate or just know that people are spreading the word about the good work that you have done. You can also gain competitive information on your competitors in the same way and start to learn where they are strong and weak.

But social media monitoring will help you in other ways. One example would be to help you develop new products and services. By monitoring what people in your area are saying about their DIY or plumbing needs, or telling their stories of what happened to them when things went wrong at home you will be able to start to explore and investigate potential new areas where you could help. Simple, free tools offer the chance for you to be more informed and then give you information for you to make the most of.

Social media monitoring is a powerful tool for any business or brand, large or small. One of the benefits of social media and online communities is that what people say is visible to others. When people talk about you, your competitors or their needs you can see this. And you can use this information to act and improve your own business.

You can read all our posts on social media for small businesses here