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Benefits of SOCIAL MEDIA MARKETINGYou may want to use .docx
Benefits of SOCIAL MEDIA MARKETINGYou may want to use .docx
Benefits of SOCIAL MEDIA MARKETINGYou may want to use .docx
Benefits of SOCIAL MEDIA MARKETINGYou may want to use .docx
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Benefits of SOCIAL MEDIA MARKETINGYou may want to use .docx
Benefits of SOCIAL MEDIA MARKETINGYou may want to use .docx
Benefits of SOCIAL MEDIA MARKETINGYou may want to use .docx
Benefits of SOCIAL MEDIA MARKETINGYou may want to use .docx
Benefits of SOCIAL MEDIA MARKETINGYou may want to use .docx
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Benefits of SOCIAL MEDIA MARKETINGYou may want to use .docx
Benefits of SOCIAL MEDIA MARKETINGYou may want to use .docx
Benefits of SOCIAL MEDIA MARKETINGYou may want to use .docx
Benefits of SOCIAL MEDIA MARKETINGYou may want to use .docx
Benefits of SOCIAL MEDIA MARKETINGYou may want to use .docx
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Benefits of SOCIAL MEDIA MARKETINGYou may want to use .docx
Benefits of SOCIAL MEDIA MARKETINGYou may want to use .docx
Benefits of SOCIAL MEDIA MARKETINGYou may want to use .docx
Benefits of SOCIAL MEDIA MARKETINGYou may want to use .docx
Benefits of SOCIAL MEDIA MARKETINGYou may want to use .docx
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Benefits of SOCIAL MEDIA MARKETINGYou may want to use .docx
Benefits of SOCIAL MEDIA MARKETINGYou may want to use .docx
Benefits of SOCIAL MEDIA MARKETINGYou may want to use .docx
Benefits of SOCIAL MEDIA MARKETINGYou may want to use .docx
Benefits of SOCIAL MEDIA MARKETINGYou may want to use .docx
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Benefits of SOCIAL MEDIA MARKETINGYou may want to use .docx

  1. Benefits of SOCIAL MEDIA MARKETING You may want to use this slide presentation over two days, with the social media slides (up to slide number 15) presented the first day, and the second half of the slide deck presented the second day. Where does Social Media fit in the Marketing Mix? https://www.youtube.com/watch?v=21cKRwC_h38&t=5s https://www.youtube.com/watch?time_continue=2&v=wa0OXpd ihmQ Results from the February 2018 CMO Survey indicate that companies currently spend 12% of their marketing budgets on social media. This is up from 3.5% in 2009 when this question
  2. was first asked. This increase is expected to accelerate with social media spending predicted to reach 20.5% of marketing budgets in the next five years! https://www.youtube.com/watch?v=sOfHtANrmbI Create a holistic strategy focused on all three media types. Owned Media: the channels a company owns (Company website, blog, YouTube channel, social media accounts) Earned Media: the content and conversations around a brand that have been created and published by someone else (Press coverage, social media mentions, product/company reviews, blog posts) The most valuable type of media, as it increases brand awareness with additional effort on the part of the marketer Paid Media: marketing activity that is paid for (TV advertising, radio spots, print advertising, Google Adwords, Pay Per Click [PPC] campaigns,
  3. search and display advertising, social media advertising) Earned Media Blogger decides to review your product or service. Social Media followers share an influencer or brand’s post. Press mentions Organic searches results in higher rankings on Google, Bing and Yahoo! Continuous Engagement = Consistent Message dissemination 11
  4. 11 BENEFITS OF SOCIAL MEDIA MARKETING • Brand awareness Increased Exposure / Brand Awareness Social media allows message sharing to a wide audience, making brands more accessible for new customers and more recognizable for existing customers The cell phone case industry is extremely competitive. Pretty much anyone can buy cases in bulk from Alibaba and resell them for a markup. So when a company is able to stand out and establish a brand, you can’t help but take notice. Peel sells thin phone cases, with the major selling point being they’re both functional and stylish. So naturally, social media is a great avenue to showcase their products. They use Facebook video ads to help tell the story of what separates their products from everyone else.
  5. BENEFITS OF SOCIAL MEDIA MARKETING • Increased traffic Improved Conversions! Increased Traffic Every like, comment, share or reaction may lead to a click and eventually a conversion 78% of businesses said social media has increased website traffic Without social media, your inbound traffic is limited to people already familiar with your brand and individuals searching for keywords you currently rank for. Every social media profile you add is another path leading back to your site, and every piece of content you syndicate on those profiles is another opportunity for a new visitor. The more quality content you syndicate on social media, the more inbound traffic you’ll generate, and more traffic means more leads and more conversions. According to data from Shareaholic, social media drives 31% of website traffic. Considering the amount of content that passes through sites like Twitter and Facebook, that shouldn’t come as much of a surprise. BENEFITS OF SOCIAL MEDIA MARKETING • Brand loyalty
  6. https://www.youtube.com/watch?v=kj7GNHMly4k Brand Loyalty 69% of marketers report social media has helped develop loyal fans 53% of Americans who follow brands on social are more loyal to those brands (Among 16-24-year-olds, that number jumps to 66%) What would you give to have an audience of over 8 million Facebook fans, 3 million Twitter followers, 2 million Instagram followers and customers all around the world? Brands dream of building a massive following, but few ever succeed. So when a company is able to build brand loyalty and a community of raving fans who engage on social media, show up to live events and recommend products, it’s pretty impressive. One brand that has done this all extremely well, is Razer. Razer sells hardware for gamers. Whether it’s a controller, keyboards or even a phone, Razer has become the go-to source for gamers looking for new gear. But their success didn’t happen overnight. It took over a decade for Razer to establish brand loyalty and build a community of people that not only are willing to buy their products, but become bonafide “fanboys” for the company. Ok, so let’s talk about Razer’s brand loyalty. They have customers around the globe, and brand enthusiasts that engage on Facebook, Twitter, Instagram, Twitch and their Razer Insiders forum. Not to mention their in-person events draw huge crowds.
  7. One of the key elements of earning brand loyalists is a shared belief. Razer’s community loves Razer products, but they’re even more attached to gaming. By branding itself as the company for gamers by gamers, there’s an instant connection to their target audience. They feel that Razer “gets them.” Razer makes it crystal clear who their products are for. They’re not marketing to college students looking for a school laptop or people that just want a computer to browse Facebook. They make products for gamers, period. Social media plays a huge role in brand loyalty for Razer. You always hear horror stories of shrinking organic engagement on social media. While it’s true that social networks have made it more difficult for brands to get content seen organically, Razer is proof that you don’t always have to rely on social media ads for engagement. BENEFITS OF SOCIAL MEDIA MARKETING • Marketplace insight
  8. Marketplace Insight Many brands use social media to learn about their customers and to gain insights into the market Social media also allows brands to keep up with and stay ahead of your competition and gain direct feedback by monitoring comments and customer sentiment about your brand What prodded Disney to think about a streaming service? Is Starbucks’ pumpkin spiced latte facing new competition in maple pecan? How did Kraft know to drop preservatives in its classic mac-n-cheese and Pepsi to do away with aspartame? They knew because they listened to consumer conversations on social and picked up on cues, then made the necessary changes to their product strategy. It’s the same reason why General Mills brought back artificial flavors to its best-selling cereal, Trix. BENEFITS OF SOCIAL MEDIA MARKETING • Lead generation Attract Convince Convert https://www.youtube.com/watch?v=y1gft2d2_e8
  9. Lead Generation Leads are potential customers who have expressed interest in a product or company Spending as little as six hours a week, 69% of marketers see lead generation benefits with social media When most marketers think of social media they immediately associate it with brand building, and not sales. After all, no one really buys products because of a Tweet, right? Wrong. The truth is that social media is much more than just a way to grow your brand and connect with your current customers. When done correctly, you can actually use sites like Facebook, Twitter, LinkedIn and Instagram to generate real leads for your business. And the cherry on top is that social media lead generation is cost effective, and produces results: Social media marketing has reduced costs for 45% of businesses. Revenue increased for 24% of businesses when they utilized social media for lead generation. Social media makes the process even easier because of all of the information that people readily share, and also because of the sheer number of users on sites like Facebook and Twitter. We’re living in a time when 40% of people spend more time socializing on social media than face to face. So needless to say, social media makes for the perfect place to find your target audience and turn them into new sales leads. A lead generation campaign can be segmented into three parts, one leading to the other: Attract Convince Convert To get leads, you first need to attract people to your website (or
  10. even better, to one of your landing pages). Once they are there, you need to convince them you have something they need to solve a problem or meet a need. This conversion is what generates leads. BENEFITS OF SOCIAL MEDIA MARKETING • Increased thought leadership https://www.youtube.com/watch?time_continue=12&v=2c70CW I8V8o Increased Thought Leadership Thought leadership allows brands to establish credibility as an expert in their fields In order to get noticed by target audiences, brands must position themselves as industry thought leaders, providing customers with current information about the newest trends in their industries These days CEOs being engaged on social media is part of the storytelling strategy for many companies. 80% of CEOs from the 50 largest companies around the globe now engage on social media, up from only 36% in 2010. Other famous brand leaders on social media?
  11. Elon Musk Richard Branson CEO videos are great for branding Social video lets CEOs stand out as thought leaders There’s a lot of opportunity for creativity https://www.wochit.com/blog/3-reasons-to-make-ceo-videos- for-social/ BENEFITS OF SOCIAL MEDIA MARKETING • Improved sales · Reaching out to new potential customers · Finding out how customers perceive the brand · Find out how the brand is positioned among existing customers Improved Sales Although overt product pitches is not best strategy on social media, more than half of marketers say it has helped improve sales
  12. BENEFITS OF SOCIAL MEDIA MARKETING • Time savings Time savings Responding to customers online saves time compared to phone or in-person conversations with multiple customers with the same inquiry BENEFITS OF SOCIAL MEDIA MARKETING Reduced marketing costs Online Ads Customer Service Recruiting Keeping Connected Utilize Ratings Reduced Marketing Costs The marketing costs for SSM are lower in comparison to that of traditional print advertising BENEFITS OF SOCIAL MEDIA MARKETING
  13. • Stronger customer experiences https://www.youtube.com/watch?v=pqHWAE8GDEk https://www.youtube.com/watch?v=E_k-HwkI3Og Stronger Customer Experiences Social media allows direct, real-time interaction with customers Every public interaction on social media allows for enhanced customer relationships Ah yes, Eleven’s favorite snack makes more appearances than ever in Season 2. And the marketing team over at Kellogg’s—to their credit—took advantage of the free plug, by creating a fresh, buttery new campaign called “Eggos” to capitalize on all the delicious publicity. Kellogg’s began talks with Netflix before the airing of the second season. The result of the partnership was a small series of advertisements which appeared during the premier of Stranger Things 2. Best of all, Kellogg’s social team was ready to capitalize on the hype. Armed with humorous GIFs, the #StrangerThings hashtag, and more images of Eleven scarfing down the iconic 80’s waffle than they knew what to do with, the social team managed to come up with some weapon’s grade tweeting that earned them thousands of new online followers.
  14. Ah yes, Eleven’s favorite snack makes more appearances than ever in Season 2. And the marketing team over at Kellogg’s—to their credit—took advantage of the free plug, by creating a fresh, buttery new campaign called “Eggos” to capitalize on all the delicious publicity. Kellogg’s began talks with Netflix before the airing of the second season. The result of the partnership was a small series of advertisements which appeared during the premier of Stranger Things 2. Best of all, Kellogg’s social team was ready to capitalize on the hype. Armed with humorous GIFs, the #StrangerThings hashtag, and more images of Eleven scarfing down the iconic 80’s waffle than they knew what to do with, the social team managed to come up with some weapon’s grade tweeting that earned them thousands of new online followers. https://www.youtube.com/watch?v=ObC0lcC-hLA This one requires no explanation! The Ice Bucket Challenge is considered one of the most successful social media campaigns of all-time after using a simple (but unpleasant and hilarious) challenge to raise over $115 million dollars for a disease that most people had never even heard of. The virality was propelled as people publicly challenged their friends and family to participate on social media. This social pressure made them more likely to get involved (or donate) than someone simply asking for a like or share. Ice Bucket Donations Continue to Rise: $94.3 Million Since July 29. Washington, D.C. (August 27, 2014) — As of Wednesday, August 27, The ALS Association has received $94.3 million in donations compared to $2.7 million during the
  15. same time period last year (July 29 to August 27). Disadvantages of SOCIAL MEDIA MARKETING You may want to use this slide presentation over two days, with the social media slides (up to slide number 15) presented the first day, and the second half of the slide deck presented the second day. Disadvantages of Social Media Marketing Users Define the Business With social media, your business doesn't necessarily get the last word in anything. A dissatisfied customer can flame your business, a disgruntled employee can slam your corporation, and one mistake may end up defining you. Customers often take fulfillment issues, shipping problems or quality-control issues to social media before using formal resolution channels. It is common for employees to either accidentally or purposefully tweet, share or post controversial content or messages on a brand page. When these situations happen, take corrective action immediately by resolving the customer's problems or deleting the inappropriate content and issuing an immediate apology. You need to be prepared, however, for the fallout to
  16. follow you. Disadvantages of Social Media Marketing Spammers and Internet Trolls https://youtu.be/YRnWeh2Ejr8 Another negative aspect of Social Media Marketing is that you never know what type of audience you have. It can attract all types of audience including the good or bad. This dangerous audience may include the spammers, scammers, trolls, and many other types of harmful users or individuals who are harmful for your reputation that you have created online. https://www.youtube.com/watch?v=ww7HRy7bJ7c Kill trolls with kindness Make them feel heard Stay professional Never feed the trolls. Disadvantages of Social Media Marketing Reliance on Social Media
  17. The power of social media to drive engagement and sales cannot be understated, but it must always be viewed as one marketing avenue. If your company develops a dependency on traffic from Facebook or referrals from LinkedIn, future changes to the way those sites operate may negatively impact your business. Start diversifying your marketing efforts as soon as possible, including developing a sponsored social posting strategy that involves engaging other social media influencers and advertising through the social networks. Disadvantages of Social Media Marketing This is because young Americans are embracing messaging platforms like WhatsApp, Facebook Messenger, Snapchat, and others, while using the core social networks less. I certainly don’t foresee a massive “extinction event” that would cause a collapse in social media usage, but the migration away from public social toward private social is very, very real. Disadvantages of Social Media Marketing Tarnish brand name https://www.youtube.com/watch?time_continue=1&v=dA5Yq1D LSmQ
  18. In the event that a negative information finds its way onto social media platform, the public will have the chance to express their dissatisfaction. This will tarnish your product name and deter potential customers from establishing relationships and doing business with the brand. Pepsi doesn't understand that Black Lives Matter. Pepsi missed a lot of red flags in its misguided attempt to promote its product within a frame of peace and understanding (and Kendall Jenner), and a backdrop of a protest against police brutality. Immediately, social media users called for a Pepsi boycott and accused the company of undermining the Black Lives Matter movement, and exploiting it to sell more products. Pepsi quickly apologized and withdrew the ad, a smart move that prevented further damage, but the ad dealt a blow to its reputation. Disadvantages of Social Media Marketing The company’s latest effort in the series is called Real Beauty Bottles. “Beauty comes in all shapes and sizes,” a commercial declares. “There is no one perfect shape.” As evidence, the ad rolls out six different shapes of Dove-branded plastic body- wash bottles. Each roughly correlates with a (woman’s) body type. There’s an hourglass bottle. A tall, thin bottle with smaller curves. A pear-shaped bottle. An even squatter pear- shaped bottle. “Real beauty breaks molds,” the ad quips, before revealing that the six bottles are available as a limited-edition run.
  19. Disadvantages of Social Media Marketing Back in January, Trump's immigration ban was in the spotlight, and taxi drivers in New York gathered together for a strike, to protest the legislation, asking all drivers, including those from Uber and Lyft, to join the protest. Uber, apparently trying to take advantage of the situation, suspended "surge" pricing and issued a tweet aimed at promoting its service. Many viewed that action as an attempt to undermine the strike. In contrast, its competitor, Lyft, sent out a message of solidarity and announced a $1 million donation to the ACLU. Thousands of users posted to the hashtag #DeleteUber viral in response, and Lyft saw an enormous boost in users. Additionally, for the first time ever, Lyft's downloads surpassed Uber's on Sunday, January 29, as a direct result of the #DeleteUber campaign. Disadvantages of Social Media Marketing Costs Content Creation Follower Growth Social Advertising Strategy & Employees Read Article! A small business can usually get by with a manager assuming social media posting responsibilities with other duties, but when your business starts to grow, hiring a person to manage social
  20. media and communications becomes more necessary. If your social media efforts start to tank or a crisis requires consistent monitoring of your brand channels, the time investment required to right the ship will necessitate forming a permanent position or contracting with an outside agency. In some instances, your business may have to prioritize social media over other urgent needs. ROI is Not Defined Social media marketing spending in the United States from 2014 to 2019 (in billion U.S. dollars) Security Ransomware and Virus Attack Hacked Account Phishing & Brand Impersonation Stolen Passwords Uncontrolled User Access Social Media Hackers https://6abc.com/technology/social-media-account-hijacked-by- hackers-youre-not-alone/4722446/
  21. Disadvantages of Social Media Marketing Needs qualified personnel In order to focus on core business issues, you will have to employ a qualified personnel to manage your account and have the traffic under control. This implies that you have to invest both in apparatus and salary for quality outcome. Disadvantages of Social Media Marketing In order to focus on core business issues, you will have to employ a qualified personnel to manage your account and have the traffic under control. This implies that you have to invest both in apparatus and salary for quality outcome. Disadvantages of Social Media Marketing In order to focus on core business issues, you will have to employ a qualified personnel to manage your account and have the traffic under control. This implies that you have to invest both in apparatus and salary for quality outcome.
  22. Social Media Marketing Salaries https://cod.emsicc.com/careers/search-marketing- strategist?region=Chicago-Naperville-Elgin,%20IL-IN- WI&radius= Disadvantages of Social Media Marketing Time consuming
  23. People may deliberately ignore your page because they may be interested in other sites. To get them to appreciate and share your posts may take time. For this reason resources in terms of money and time must be allocated to ensure frequent publishing of aesthetic posts. Social Media Marketing is a time consuming activity. As some research reports suggest that a large number of users have to spend maximum time on the Social Media Websites in order to attract users. Apart from this, even if you spend as much time your SMM efforts will go waste if you have not done it correctly. If you have not provided the relevant content, it will lack in attracting a large number of audience. Amount of time spent by marketers on social media marketing per week from 2011 to 2017 Amount of time spent on social media marketing per week 2017 Note: Worldwide; 2011 to 2017; 2011: n= 3,342; 2013: n = 3,025; 2014: n = 2,800; 2015: n=3,720;2016: n=5,086; 2017: n=5,700 marketers; marketers Further information regarding this statistic can be found on page 8. Source(s): Social Media Examiner; ID 188451 2 For example, the industry reports tells that almost 64% of digital market users spend around 6 hours on the Social Media Marketing. Similarly, on the other hand around 37% of users spend ap to 11 hours on Social Media Marketing. 2011 0 hours 1 to 5 hours 6 to 10 hours 11 to 15 hours 16 to 20 hours 21 to 25 hours 26 to 30 hours 31 to 35 hours 36 to 40 hours More than 40 hours 2.9000000000000001E-2
  24. 0.39 0.23899999999999999 0.115 7.9000000000000001E-2 4.2999999999999997E-2 2.9000000000000001E-2 1.4E-2 2.5000000000000001E-2 3.6999999999999998E-2 2013 0 hours 1 to 5 hours 6 to 10 hours 11 to 15 hours 16 to 20 hours 21 to 25 hours 26 to 30 hours 31 to 35 hours 36 to 40 hours More than 40 hours 0.02 0.36 0.26 0.11 0.08 0.04 0.04 0.02 0.03 0.04 2014 0 hours 1 to 5 hours 6 to 10 hours 11 to 15 hours 16 to 20 hours 21 to 25 hours 26 to 30 hours 31 to 35 hours 36 to 40 hours More than 40 hours 0.02 0.34 0.27 0.11 0.09 0.05 0.04 0.02 0.03 0.05 2015 0 hours 1 to 5 hours 6 to 10 hours 11 to 15 hours 16 to 20 hours 21 to 25 hours 26 to 30 hours 31 to 35 hours 36 to 40 hours More than 40 hours 0.03 0.33 0.25 0.12 0.1 0.04 0.04 0.03 0.03 0.05 2016 0 hours 1 to 5 hours 6 to 10 hours 11 to 15 hours 16 to 20 hours 21 to 25 hours 26 to 30 hours 31 to 35 hours 36 to 40 hours More than 40 hours 0.03 0.34 0.24 0.11 0.1 0.05 0.04 0.02 0.03 0.05 2017 0 hours 1 to 5 hours 6 to 10 hours 11 to 15 hours 16 to 20 hours 21 to 25 hours 26 to 30 hours 31 to 35 hours 36 to 40 hours More than 40 hours 0.03 0.33 0.23 0.11 0.1 0.05 0.04 0.02 0.03 0.06 Hours per week Share of respondents
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