Threads has quickly gained traction, surpassing 100 million users within few days.
Meta's latest social media app powered by Instagram proved to be an early hit almost immediately.
Emerging competitors such as Mastodon and Bluesky have faced challenges in gaining traction due to their lack of an established user base.
Threads' remarkable achievement far exceeds the growth rates of Instagram and Twitter during their early stages. Recognizing this potential, Jon Morgan, CEO and Editor-in-Chief of Venture Smarter, highlights five ways small businesses can leverage Threads to maintain a competitive edge.
Threads presents an excellent opportunity for small businesses to increase their brand visibility. By sharing updates on products, services, and company news, businesses can elevate their presence and influence customer decisions. The platform's current hype allows small businesses to garner attention, as their posts may reach a wider audience before larger brands dominate the space.
Building rapport with customers on their preferred social media platform is key to cultivating brand loyalty. Threads enables businesses to engage directly with customers, offering support, responding to feedback, and providing a personalized experience. By actively engaging with customers, businesses can establish stronger relationships and enhance customer satisfaction.
Threads serves as a valuable source of market research for small businesses. By monitoring discussions on the platform and analyzing competitor activities, businesses can gain meaningful insights that might have been previously overlooked. These insights can shed light on consumer pain points, drive product or service improvements, and uncover new market opportunities.
Threads facilitates connections and collaborations between businesses, industry influencers, and potential partners. By engaging with relevant accounts within and beyond their niche, businesses can tap into each other's follower base and identify users who align with their target audience. This opens doors to fruitful partnerships and promotional opportunities.
Threads can also prove beneficial for recruitment purposes. Small businesses can share job openings with individuals who already have an interest in the company. This platform offers a faster and cost-effective alternative to traditional recruitment methods, such as relying solely on recruitment agencies. By leveraging Threads, small businesses can reach potential candidates directly and establish a more personal connection.
By harnessing the power of Threads, small businesses can unlock new avenues for growth and success. From expanding brand awareness to fostering customer engagement, conducting market research, forging partnerships, and streamlining recruitment processes, Threads presents a unique opportunity for small businesses to thrive in the dynamic social media landscape.
Mihir Gadhvi is the co-founder of illustrake and HAYD. Illustrake is a D2C Enabler and offers Performance Marketing, Retention Marketing, and Content Creation Services. HAYD is a brand New, homegrown fashion line that aims to make clothing easy for us without taxing our planet. Although the concept is quite known now, HAYD wants to accomplish sustainability by reducing its impact on the environment with safe and fair manufacturing.