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5 Tips to Improve Social Media In Every Niche

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Many companies struggle to find ways to build community on social media. Their niches are either very specific or incredibly technical.

However, despite your niche, there are five tips and tricks to use social media to your advantage.

  • Choose Your Channels Wisely

Most businesses believe when they first start, they need to create a social media profile for every platform that exists to create brand awareness. This couldn’t be farther from the truth, though.

If you set up seven different profiles, you’ll be spreading yourself too thin. Instead, focus on two or three different channels you feel would be most beneficial to your business’s needs and give them your full social media marketing attention.

Magnum Systems, for example, is a designer and engineer for bulk material handling systems. Since they’re primarily in B2B, using LinkedIn to build their network is going to benefit their business most through social networking.

They wouldn’t find much use in trying to reach their ideal client on another platform, such as TikTok or Pinterest.

  • Utilize Your Blog

People tend to underestimate the power of a blog in terms of social media marketing. A blog is a great way to create content that is beneficial towards SEO (search engine optimization), as well as generating content for your social channels.

It’s a way to elaborate on certain ideas or provide answers to questions potential clients might have. Then, you can disburse this content to your social media channels to encourage more visitors to come to your site.

Make sure you’re strategic with the type of content you choose to write about. Stick to a specific niche and try not to steer away. Remember, people are coming to you for answers to a problem. This is your opportunity to give them exactly that.

  • Be Consistent

No matter your industry, a key element to creating successful brand awareness and client retention is consistency. Customers have an easier time trusting your company when they know what to expect.

This means being consistent with not only your branding and messaging, but through the consistent social media posting as well.

Figure out what types of content resonate with your ideal client. You may need to seek out competitors to find out what types of content are generating a lot of engagement. Test out different types of posts to see what works and what doesn’t.

You’ll also need to be consistent with how often you post as well. This doesn’t necessarily mean you have to post every single day multiple times a day. But it does mean you’ll want to create a realistic schedule for yourself.

  • Respond and Engage

Social media is meant to be social. It goes from being a platform for sharing photos from your last family vacation to a forum based upon the community. 

As a social media tip for businesses, you’ll want to start being part of the conversation that’s already happening on social media. Look through different profiles where your target audience would be communicating and actively comment in response to others.

This applies to your posts as well. When someone comments, you have to engage to encourage the conversation to continue. The more engagement, the more opportunity you’ll have for new people to find your content.

  • Give Your Brand a Face

Because your business may have a very specific and targeted niche, you have an advantage. The more targeted you are, the more successful your brand’s storytelling will be. However, experts suggest you have a face to coincide with your brand to relay the message.

People connect better when there is a more personalized approach. Think about using the CEO or someone at the senior executive level to be the face of the company throughout your social media profiles.

Conclusion

Every niche industry comes across issues where they find it difficult to grow and maintain their social media marketing.

Since this is such an invaluable tool in terms of your overall marketing strategy, it’s important to narrow down your channels, your content, and your branding as much as possible.

This way, you’ll be more successful at setting your company apart as an industry leader, promoting trust with your customers. In turn, you’ll generate more leads.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business

Business Strategies of Michael Gastauer

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Michael Gastauer, a German billionaire and entrepreneur, has led Black Banx to remarkable heights with his innovative strategies in the digital banking sector. As the founder and CEO, his vision has transformed Black Banx into a significant player in the global financial industry, serving millions and revolutionizing banking practices. 

Gastauer’s approach has been distinctly customer-centric, focusing on solving real-world problems through accessible financial services. This strategy has not only captured a vast market share but also established Black Banx as a model of innovative fintech success.

Innovate Early and Often, Invest Strategically

Gastauer’s journey began with a robust foundation in the fintech sector, where he initially created and later sold a payment services company for US$480 million. 

This significant capital boost allowed him to invest in his next venture: Black Banx. Launched in 2014, Black Banx differentiated itself by offering real-time account opening and cross-border payment solutions to a global audience, addressing major inefficiencies in traditional banking. 

Gastauer’s foresight in identifying and investing in these key areas early on allowed Black Banx to scale quickly and efficiently. His strategy was clear: leverage high initial investment to accelerate growth and secure a substantial market presence before competitors could catch up.

Within a year of its inception, Black Banx expanded rapidly, reaching over 1 million customers. This was just the beginning, as the platform soon integrated cryptocurrency options, enhancing its appeal and utility for a broader client base. By the end of 2018, Black Banx was valued at US$9.8 billion, a testament to its rapid growth and the successful implementation of its business model. 

Gastauer’s bold move to integrate cryptocurrencies early in the game positioned Black Banx as a pioneering force in fintech, well ahead of traditional banks.

Pinpoint Problems and/or Challenges

One of the core components of Gastauer’s strategy was to tackle financial exclusion head-on. Black Banx made significant strides in offering banking solutions to the unbanked and underbanked, particularly in regions with limited access to traditional banking services. 

By leveraging technology and strategic partnerships with mobile network operators, Black Banx has been able to extend its reach and offer innovative banking solutions to millions worldwide. This strategic alignment with mobile operators has been crucial, as it taps into an existing infrastructure to reach remote areas, significantly lowering the cost of expansion.

The platform’s ability to facilitate quick, cost-effective international money transfers has been a game-changer, particularly in markets like the Middle East, Asia, and Africa. This not only supports individuals and businesses in these regions but also contributes to the overall growth and stability of the global economy. 

Gastauer’s focus on simplifying and reducing the cost of these transactions demonstrates a deep understanding of the core needs of his customers, thereby enhancing customer loyalty and trust in the brand.

Take a Tech-Driven Approach

Under Gastauer’s leadership, Black Banx has remained at the forefront of technological integration within the banking sector. The adoption of blockchain, AI, and data analytics has enabled the platform to offer personalized financial services, enhancing customer experience and satisfaction. 

This technology-driven approach ensures that Black Banx stays ahead of industry trends and continues to offer relevant and secure banking options. Gastauer’s commitment to integrating advanced technology not only streamlines operations but also provides a scalable model that supports continuous growth and adaptation in a rapidly evolving market.

Leave No Market Unturned

Gastauer’s vision for Black Banx was never limited to a single region. By 2023, the company had expanded its services to include 28 FIAT and two cryptocurrencies, with a robust presence in over 180 countries. This global approach has not only diversified the company’s customer base but also minimized regional economic risks, allowing Black Banx to thrive in a competitive and fast-changing financial landscape. 

The strategic decision to operate across diverse markets also mitigates the risk of localized economic downturns affecting the overall health of the company.

Set Milestones

The year 2023 was a landmark year for Black Banx, as it reached 39 million customers and reported revenues of US$2.3 billion. The company’s ability to maintain a high rate of customer acquisition and satisfaction speaks volumes about its effective strategies and customer-focused approach. 

The first quarter of 2024 continued this trend, with Black Banx announcing a pre-tax profit of US$639 million and revenues of US$2.1 billion, driven by strategic implementations like fixed monthly account maintenance fees. Gastauer’s strategy to introduce fixed fees was a calculated risk that paid off, providing stable revenue streams and further solidifying Black Banx’s financial foundation.

Michael Gastauer’s strategic foresight and relentless innovation have propelled Black Banx to new heights, making it a leader in the digital banking sector. His commitment to financial inclusion, coupled with an aggressive expansion strategy and technological integration, has not only shaped the future of Black Banx but has also set a new standard in the industry. 

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