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5 Social Media Channels You Should Be on Now Part 1

Reviewed by Ty Crandall

November 13, 2023
social media channels Credit Suite

Which Social Media Channels Should You Be On?

social media Credit Suite

If you’re wondering which are the biggest and best social media platforms where your business should be, you’re not alone. With a myriad of choices out there, how can you know what’s best?

And more importantly, how can you know where your customers will be?


Drop whatever you’re doing and start researching. Yes, now.

Why? Because while it’s tempting to just get onto every social media platform there is, don’t do that. Why not? Because you’ll burn out. And you’ll also waste time and money. It’s a bad idea. Don’t try to be all things to all people.

The Buyer Persona

Here’s where understanding what’s called a buyer persona pays off. Hubspot explains it best.

A buyer persona is a semi-fictional representation of your ideal customer based on market research and real data about your existing customers.

When creating your buyer persona(s), consider including customer demographics, behavior patterns, motivations, and goals. The more detailed you are, the better.

See: https://blog.hubspot.com/marketing/buyer-persona-definition-under-100-sr

Honing in on the Details

A buyer persona will help you make marketing choices, too. So it’s important. Also, there are any number of lenders which will want to see a business plan in detail. That usually means buyer persona information.

Know what your customers and prospects are like? Great! Now it’s finally time to look at social media channels.

We’ve done the searching for you and found some great social media channels for you.

Get business credit and funding tips on our podcast.

1. Facebook

Let’s start with the 800 pound gorilla.

Facebook is truly, astoundingly, enormous. According to Statista, Facebook has just about 2.9 billion monthly users worldwide. And that’s as of the end of the first quarter of 2022. Yes, that’s ‘billion’, with a B. Per Worldometers, in May of 2022, the world population is around 7.95 billion. Hence the number of monthly users works out to around 36.48% of all people.

In the United States and Canada, Facebook has about 263 million monthly users, per Statista. In contrast, the United States has over 334.6 million residents as of May, 2022. For that same time frame, Canada has over 38 million residents. Hence together, both countries have around 372.6 million users. So the number of monthly users works out to around 70.59% of all residents.

Facebook Users

In America, Facebook’s distribution by age and gender (as of 2022) works out to female users aged 25 to 34 years being the biggest group of Facebook users in the United States, accounting for 12.8% of the social network’s user base. But overall, just 1.7% of Facebook users were males between the ages of 13 and 17.

Be There or Be Left Behind

Facebook is so large that, even if your customers aren’t in its demographics at all you need to have a presence there. These are people such as children. Technically, the minimum age for Facebook is 13. But there are parents who look the other way and allow their underage children on the site.

And after all, even if everyone on Facebook was thirteen or older, parents and grandparents do make most of the purchasing decisions for children. And Facebook has (according to a 2011 study cited by the Atlantic) a good quarter of all American children on it, ages 8 – 12.

To not be on Facebook means you are missing out on customers, big time. Even if you don’t sell on Facebook, you will need to have a presence there, however small it is. Even if you don’t have a presence there, someone inevitably will create one for you. And you can’t count on them to be kind.

Your Facebook Presence

Facebook has a few great ways for you to interact with prospects and customers. Groups and pages help you get your message across. Groups allow for more interaction. But you may find you have less control. Pages are best for sending out a message, such as an ad. But don’t expect too much interaction unless your page has a lot of followers.


Facebook Crises

Even small companies can sometimes go through social media crises. For your company, there are a few things you can do proactively.


Write a social media policy. Today. Having a policy will give you a road map of what to do if it all goes to hell in a hand basket.


Install someone to manage social media. Don’t make it your cousin who ‘knows computers’. But it may be hard to afford someone. Still, if you are handling it yourself, you’ve got to spend some time and attention on it.


Monitor with services and apps like Mention and HootSuite. You don’t need to be on 24/7 but you do need to know if there’s something going on.


Address concerns as well as you can. Here’s where a preexisting policy will do wonders. Most people communicating in a crisis are either confused or curious, or have a legit complaint. Address those people. For someone who just wants to complain, decide if you want to let them vent. But deleting every negative thing said is not a great idea, either. Again, here’s where a policy will help.


And hang in there. Lots of companies have gone through a social media crisis. They are no fun but most businesses will survive it.

Get business credit and funding tips on our podcast.

2. YouTube

Next up is YouTube.

The video platform of choice also has a robust search engine, good enough that it’s second only to Google. Yes, the YouTube search engine is bigger than Bing and Yahoo. There are a good billion mobile video views per day, according to Brandwatch. YouTube is also the third-most visited site on the internet, after Google and Facebook.

If Facebook is the 800 pound gorilla, then YouTube is the 700 pounder.

Appearing on YouTube

Don’t think your product or service will go over well on YouTube? Terrified of appearing on camera? Don’t think you can attract attention? Think again.

While the biggest videos have views in the billions, you don’t need that much in order to make an impact. It’s better for you to target your customer base well and make as many views count as possible.

Video Ideas

Ideas for videos can include a look at your operations, or a how-to, or a demonstration. Health clubs can demonstrate exercises or show off equipment. Auto repair shops can show the parts of an engine and explain how it works. Accounting firms can bring to light more obscure tax deductions.

If you don’t like appearing on camera, you can always go with a slideshow. PowerPoint has lots of good templates; just pick one and add your own verbiage or pictures, or even a voice over.

YouTube Metrics

A favorite—and free—YouTube app is a Chrome extension called VidIQ. Get information on how your videos are really doing. Get a handle on the best tags to use. And check out your competition’s tags. Good tags will make it easier to find your videos. They are a must if you want to be successful.

YouTube Scheduling

Can’t appear all the time? That’s okay. You don’t have to release a video every single day. But do some experimenting. You may do better with more than one in a week, say. And don’t forget – you can schedule when a video goes public. So if you’re feeling inspired and have the time, record several and then schedule them.

Get business credit and funding tips on our podcast.

3. Instagram

Better photography deserves a better image platform, and that’s exactly what Instagram is. Instagram skews heavily toward younger folks, with nearly three-quarters of all 18—29 year olds reporting they are on the platform, according to Statista. Monthly usage climbs every month, and has since 2013. In December of 2021, per Statista, there were two billion users worldwide. Yes, a billion.

Bells and Whistles for Instagram

Here’s where equipment, or hiring a professional, will do you the most good. A few blurry photos from your phone’s camera are not going to cut it here. Selfies are fine in smaller doses, but Instagram really shines with good-looking imagery.

Don’t think your business can be beautifully photographed? Think again. You can show off new machinery or your location, or just your employees, if you like. As with other platforms, even a small presence is better than none.

The Look

Browse through the most popular Instagram accounts. In particular, focus on the ones that are popular and the owner isn’t a celebrity. It’s easy for someone like Kim Kardashian to get a very large Instagram following. But for your local florist, there has to be something more. So look at popular accounts, particularly in your industry. What do they all have in common? How do they manage various social media channels?

For a lot of great accounts, there is a look not just to the individual posts but to the presentation of everything in the profile. So take a look at not just a post or two but also click on a user name and check out the profile. Here’s one that looks particularly appealing: https://www.instagram.com/readcommendations/. The colors all work together in very interesting ways. It never looks repetitious.

Your company may not have quite so much design behind it, but either a unified look or an eclectic look can work. Experiment and see what happens.

Next Up…

In Part 2, we’ll go into more great social media channels your business should be on. So be sure to stay tuned!  Check out how this will help your company leverage the power of the internet and social media.

About the author 

Janet Gershen-Siegel

Janet Gershen-Siegel is the seasoned Finance Writer and a former content manager at Credit Suite. She has been admitted to practice law for over 30 years, with a focus on litigation and product liability, and is a published author, with writing credits at Entrepreneur, FedSmith.com and BusinessingMag.com.

She has a BA in Philosophy from Boston University, a JD from the Delaware Law School of Widener University, and a MS in Interactive Media (Social Media) from Quinnipiac University.

She regularly writes for Credit Suite, which helps businesses improve Fundability™, build credit, and get approved for loans and credit lines.

Her specialties: business credit, business credit cards, business funding, crowdfunding, and law

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