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Social media marketing

  1. SOCIAL MEDIA MARKETING Lou Maurice Joe Barbry
  2. INTRODUCTION 2.0 SUCCESS STORIES The Fiesta Movement: Ford re-entered the US subcompact-car market with its Fiesta model in creating the buzz: • 6.5 millions views on youtube • 50 000 requests for information about the vehicle • 10 000 cars sold in the first six days PepsiCo Strategy: They created new varieting of its Mountain Dew brand by collecting customer insight via social network More than 36 million of those new products were sold Levi Strauss: They used social media to offer location specific deals 400 direct interactions led 1,600 people in the company’s stores Many businesses are using social media as a core part of their marketing strategy. However social network marketing has not yet been completely embraced by marketers
  3. 1 SOCIAL MEDIA: AN OVERVIEW
  4. WHAT IS SOCIAL MEDIA MARKETING? • The process of gaining website traffic or attention through social media sites • Create contents that attracts attention and encourages readers to share it with their social networks • A corporate message spreads from users to users : a third-party source • Social media comes in many forms, but the most popular are : Blogs, Social Networks, forum and selection
  5. WHAT ARE THE DIFFERENT SOCIAL MEDIA? Social media networks Visual social networks Blogs Communities Answer hubs and groups
  6. SOCIAL MEDIA STATISTICS: KEY FIGURES More than 800 millions active facebook users. The average facebook user has 130 friends and is connected to 80 pages, events and group For the most part, facebook users said they “Like” a brand on Facebook because they are a customer (58%) or because they went to receive discounts and promotions (57%) Facebook, Twitter and Youtube are now considered cornerstones of most social-media strategies in larger companies. 94% of them said Facebook is one of their top three social media platform priorities.
  7. THE 4 i FRAMEWORK Involvement consumer presence at the different touch points with the brand Interaction actions between the consumer and the brand Intimacy consumer’s affection for the brand Influence the probability that the consumer recommends the brand THE STEPS OF SOCIAL MEDIA MARKETING
  8. THE SOCIAL CONSUMER DECISION JOURNEY • Compagnies  have  quickly  learned  that  social  media  works  :  in  2012,  39%  use  social-­‐media   services  as  their  primary  digital  tool  to  reach  customers • The  number  of  compagnies  with  Facebook  pages,  TwiEer  feeds  or  online  communiFes   conFnue  to  grow • MarkeFng  primary  objecFve  :  to  reach  consumers  at  the  moments  or  touch  points  that   influence  their  purchasing  behavior.   • Social  Media  MarkeFng  is  the  only  form  of  markeFng  that  can  finger  consumers  at  each  and   every  stage  :  from  when  they  are  pondering
  9. SEGMENTATION ON SOCIAL MEDIA 1 MEMBERSHIP Allows the site owner to collect and share user demographic information basic level: age, sex and geographic location high level: work location and company, educational level and location 2 USER GROUP SELECTION Small tribes of like-minded associates. school/work based, interest based, music focused... information create spontaneously by members themselves
  10. HOW MARKETERS ARE USING SOCIAL MEDIA TO GROW THEIR BUSINESS Marketers place high value on social media, 83% indicate that social media is important for their business Measurement and targeting are top areas marketers want to master Video marketing holds the top spot for future plans. 76% of marketers plan on increasing their use of Youtube and video marketing Build business exposure, increase traffic, provide marketplace insight The majority of marketers are using social media for at least 6 hours each week
  11. MEASURING RETURN ON SOCIAL NETWORKING Homepage adverts Social Impressions Organic Impressions Earned Media
  12. ADVANTAGES AND CONSTRAINTS OF SOCIAL NETWORKING ADVANTAGES Better targeting High return on investment Does not require specialisation or vast technical skills Works better that online adverts campaigns increase visibility CONSTRAINTS Difficult to quantify Cost of content creation Lost of control of content Problem of scale
  13. THE FACEBOOK CASE: USE IT TO CAPTURE CONSUMERS Facebook : 800 million potential customers 4 strategies to be connected with customers on facebook: Promotions, crowd sourcing, check-ins, Advergaming 2
  14. PROMOTIONS • The  key  :  to  treat  «  fans  »  differently  by  providing  access  to  offers  and  informaFon • The  means  :  providing  facebook-­‐only  discounts  and  sneak  peeks  at  upcoming   products.   • A  relevant  example  :  Lowes  ran  a  campain   on  Facebook  in  which  it  offered  a  limited   number  of  items  at  ridiculously  low  prices   for  fans  only  -­‐>  not  only  exisFng   customers  but  also  drive  new  customers   to  like  Lowes’  facebookpage.
  15. CROWD SOURCING • The  key  :  involve  customer,  create  interacFons • The  means  :  offer  a  potenFal  deal  to  Facebook  fans  that  is  only  acFvated  if  enough   fans  «  like  »  the  promoFon • A  relevant  example  :  2011,  Gap  asked  its   fans  to  comment  on  its  new  logo  design.   AVer  a  barrage  of  negaFve  feedback  from   fans,  Gap  invited  them  to  submit  their  own   design.  Responding  to  customer  outcry,   Gap  ulFmately  restored  its  original  logo
  16. CHECKS IN • The  key  :  increasing  store  traffic  and  sales • The  mean  :  provide  advantages,  for  example  electronic  coupons  and  loyalty  points,   when  customers  check  in  at  arrival. • A  successful  Example  :  last  year  REI  drove  traffic  to  its  store  by  offering  $1   donaFons  fo  every  check-­‐in  with  a  ceiling  of  $100  000  .  Many  companies  as   Starbuck  for  example  updated  the  idea
  17. ADVERGAMING • The  key  :  Reinforce  brand  image  and  assist  promoFon  by  word  of  mouth  or  «viral   markeFng» • The  mean  :  Make  the  consumer  discover  the  brand  values  through  advergames   inspired  by  famous  arcade  game  concepts.   • A  successful  Example  :  The  innocent  fruit  picker:  health  warning,  highly  addicFve.   The  Longevity  and  Shareability  in  parFcular  rank  this  amongst  the  best  Facebook   Apps  out  there  currently.
  18. CASES STUDY: LAYS AND HEINEKEN3
  19. LAY’S FACEBOOK CONTEST Lay’s created a social media campaign to let fans create a new flavor of chip. $1 million prize for the winning flavor, Lay’s went all out in incentivizing fans to participate in the contest. 3.8 million submissions between July 20 and Oct. 6 in 2012. Lay’s then narrowed down the choices to the top 25 flavors which they manufactured and tested, and then finally landed on the top three of Cheesy Garlic Bread, Chicken & Waffles, and Sriracha. In 2013, fans were able to purchase these three flavors in stores, and then vote on Facebook or on Twitter for their favorite flavor and decide the million dollar winner. Massive undertaking 12% increase in sales.
  20. HEINEKEN INSTAGRAM CASE CRACK THE US OPEN One of the most innovative Instagram campaigns of the year, re-imagining how to use the Instagram platform for a fan contest. Heineken created a new Instagram profile for the contest, @Crack_the_US_Open, and stitched together a panorama using hundreds of photos depicting tennis fans sitting in the grandstands. Heineken started the massive photo hunt by posting a clue and codeword on their Instagram account and fans had to search for the correct fan and comment on the correct photo with the codeword to win a pair of tickets to the US Open. Over the course of 3 days, 1,500 people participated in 7 photo hunts and grew Heinken’s Instagram follower count by 20%. One-off campaigns on new social accounts like this one are a great way to run social media contests that can be more creative and don’t clutter or disrupt the strategy of official accounts.
  21. CONCLUSION Social Media Marketing is primarily internet-based but has similarities with non-internet- based marketing methods (word-of-mouth marketing). The social media marketing is a great tool to target efficiently the right people and above all to create viral messages. Marketers can benefit from the low cost and potentially wide reach of viral messaging through SMM. However a key hurdle is finding a subject that is humorous/fascinating/ controversial enough to be worth recipients passing it on. It is not possible to design a «Viral Campaign», they just happen.
  22. SOURCES • Tamar Weinberg., «The New Community Rules: Marketing on the Social Web», Published O'Reilly Media, First edition, 2009. • Trattner, C., Kappe, F., «Social Stream Marketing on Facebook: A Case Study International Journal of Social and Humanistic Computin» (IJSHC), 2012. • Paul Gillin., «The New Influencers: A Marketer's Guide to the New Social Media», Linden Publishing , 2007. • Nicklin Terry, "Cambridge Marketing Handbook: Digital", 2013 • Belew Shannon, The Art of Social Selling : Finding and Engaging Customers on Twitter, Facebook, LinkedIn, and Other Social Networks, 2014
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