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Social media marketing

  1. SOCIAL MEDIA MARKETING – A BEGINNING OF NEW ERA OF MARKETING MOHAMMED BADRUD DEEN.I.A
  2. Social media marketing- definition Social media marketing refers to the process of gaining website traffic or attention through social media sites. internet is the media by which the marketer will be marketing their products, it becomes vital for the marketer to know what is happening in the world of internet so that they can device their marketing strategy.
  3. Social Media marketing’s scope:  Here are some quick facts about the role social media is currently playing in the business world, courtesy of the 2012 social media marketing industry report:  94% of all businesses with a marketing department used social media as part of their marketing platform;  Almost 60% of marketers are devoting the equivalent of a full work day to social media marketing development and maintenance;  43% of people aged 20-29 spend more than 10 hours a week on social media sites;  85% of all businesses that have a dedicated social media platform as part of their marketing strategy reported an increase in their market exposure;  58% of businesses that have used social media marketing for over 3 years reported an increase in sales over that period.
  4. Limitations of traditional marketing:  Timing: Traditional marketing uses static text, if an ad is placed in the newspaper, it can't change until you place another ad.  Costs: You must pay for ads in newspapers or mailers every time you run a new campaign. On the Internet, your ad is accessible to the entire World Wide Web.  Customization: Specific market segments can be targeted, but not an individual. ◦ Pricing Options: Traditional marketing can present special sales and pricing. However, it is typically more difficult to offer complex bundle pricing.
  5. Benefits of social media marketing:  Cost reduction by decreasing staff time;  Increase of probability of revenue generation;  brand reach and awareness;  consumer interactions through transactions;  Generating exposure to businesses;  Increasing traffic/subscribers;  Selling more products and services.
  6. Marketing strategies used in social media marketing are: 1.TARGETING: Social media marketing involves the use of social network such as Facebook and Twitter which provide advertisers with information about the likes and dislikes of their consumers. This technique is crucial, as it provides the businesses with a “target audience”. 2.COBRA’S: Consumer’s online brand related activities (COBRAs) is another method used by advertisers to promote their products. Activities such as uploading a picture of your “new Converse sneakers to Facebook” is an example of a COBRA.
  7. E WOM:  Another technique for social media marketing is electronic word of mouth (eWOM). Electronic recommendations and appraisals are a convenient manner to have a product promoted via “consumer-to-consumer interaction.
  8. Top Companies using social media marketing to promote their products:  Pepsi Coke, Nokia and many of the top brands have effectively used social media for achieving their business objectives.  BMW - Utilizing Facebook to promote their 1- Series Road Trip and they have created a Rampenfest Page for fans.  Dunkin Donuts - They've found value in social media and have set up a microblogging Twitter account.  General Motors - GM leverages the social media to improve the online equity of its brand and make consumers feel more connected.
  9. Common fears about social media marketing:  Time consuming;  Big implication if facts go wrong;  Negative comments about the products by a consumer can affect the sale;  Can hamper business since standardisation cannot be adopted as different individual customer may demand for different things;
  10. IS IT TRUE ?? A COMPANY WHICH HAS MADE THE CLAIMS FALSE, AND HAS ADOPTED THE STRATEGIC SOCIAL MEDIA MARKETING WHICH HAS BOOSTED IT’S SALES AND HAS BROUGHT MORE CUSTOMER’S TO IT’S KITTY AND HAS CREATED CUSTOMER’S LOYAL BY IT’S APPROACH.
  11. IBM’S APPROACH OF SOCIAL MEDIA MARKETING:  IBM social content management provides content in context - a system of engagement that enables business users to share ideas, locate expertise, and access relevant knowledge via professional social networks. It helps organizations create relevant content, put content in motion, and solve problems easier and make better decisions faster - to deliver innovative products, world class customer care, and improve workforce productivity.  The IBM social content management strategy includes three key themes: office document management, social collaboration, and social business applications.
  12.  LET US TALK ABOUT SOCIAL MEDIA MARKETING’S IMPACT ON THE DEVELOPING ECONOMY LIKE INDIA. WHAT SCOPE IS THERE IN INDIA THAT COMPANIES SHOULD LOOK ON TO CAPITALISE IN THE INDIAN MARKET’S…  CAN INDIA SURPASS OTHER DEVELOPED COUNTRIES IN SUPPORTING SOCIAL MEDIA CAMPAIGN?  WILL INDIA ACCEPT SOCIAL MEDIA MARKETING?
  13. Social Media Marketing in India - An Overview:  India has 71 million active internet users. Social Media is really picking up new heights in India.  According to the 2010 Regus Global Survey of business social networking, India tops the usage of social networking by business – it has the highest activity index, 127, far more than the US’97, and 52% of the Indian respondent companies said that they had acquired new customers using social networks .  During Election 2009 Social Media was used for Influence Indian Voters.  Social Media Marketing in India is being undertaken by brands like Tata Docomo, MTV India, Channel V, Clear Trip, Tata Photon, Axe deodorants, Microsoft, Naukri, Shaadi and many more.  Besides, numerous Indian celebrities are also using SMM platform to promote their movies, music and events via Twitter, Facebook and personalized blogs.
  14. CONCLUSION:  There is no escaping social media these days, either for individuals or for businesses. Today, it is impossible to separate social media from the online world.  As per the Hub spot report, Customers with blogs gathered 68% more leads than customers without blogs. It is imperative to understand that today, social media have exponential potential. They are part of an ever-growing online network of people who discuss, comment, participate, share and create.  So companies should get ready to the new era of marketing to get in pace with their
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