Step 1: Define your business goals
The first step will always be defining your business goals pertaining to social media. Determine whether you want to create awareness, understand wants and needs more deeply, build a community of engaged individuals, and so on.
Once you have a list of goals, start assessing platforms based on whether or not they fit the bill. For each platform, appraise how well the features that are available will help you with furthering your objectives. Also, look into how competitors, who have a shared audience, are using social media to get a better understanding of your options.
Step 2: Understand how your audience uses social media
Next, sort through social networking sites based on how well they match your buyer persona. For example, if your target audience is young professionals with less than 5 years of experience, in the age group of 25-30, then you will want to consider Instagram as part of your mix. On the other hand, if you are targeting entrepreneurs between the ages of 25-34, then Twitter is the social media platform for you. Facebook is the largest social networking site with over 2.8 billion monthly active users (as of the second quarter of 2021). However, it is typically considered to be a great platform for B2C businesses and not so much for B2B entities. Lastly, if your ideal buyer is a C-level executive, B2B decision-maker or senior-level influencer, LinkedIn should definitely be your top priority.