STEPS TO RUN SOCIAL MEDIA CONTESTS THAT CONVERTS LIKE CRAZY A social media contest is a fantastic way to create some buzz and advertise your product on social media. It is an important part of marketing and, if carried out properly, can easily result in your brand being the actual winner of the contest. The major steps to running a social media contest are: SET A REALISTIC GOAL AND YOUR BUDGET When planning a social media contest, it is important to be sure that you set for your brand, a set of realistic goals. These goals should generally be targeted towards boosting your brand, generating new customer followership and, customer appreciation. It is also important to set a realistic budget for your social media contest. This budget should include everything from the cost of promotion to the prize of the contest. CHOOSE ENTICING PRICES This begins with knowing your target market. Study your market and learn what they are inclined towards. This should help you to choose an enticing enough price to get your consumers sufficiently interested in your social media contest. CHOOSE YOUR SOCIAL NETWORK When you know your target market, and you have chosen a suitable price, the next step is choosing the most consumer interactive social network; that allows a large number of consumers become aware of your contest, get involved and even refer people to participate. Despite the fact that there is more to running a social media contest that yields a crazy conversion rate, these top 3 are the important starting points for any social media contest.