There is a significant change in the way consumers interacted with brand from the traditional marketing arena to the modern times when social media has become a trend and a profitable mode of marketing as it allows consumers to directly engage with brands at their own will which means that that there are high chances of getting genuine customers through engagement. Social Media presents varied and a great number of tools that can not only allow users to engage but also enable brand track the result of their marketing efforts. Moreover, the increasing online transactions and better online technologies have lowered the barriers to entry in the digital marketing arena and every company has a fair chance to get traffic from social media with proper use of marketing strategy. Companies now a days are working for improving their brand or business influence over social media and several companies are using innovation to engage the consumers over social media. For instance, Amazon created a referral program through which readers could earn through sharing books with others and the buzz was created on the social media giving away the information that readers could earn 10% of book costs through their participation (Kolb, 2013). A benefit of using social media as a platform for marketing is that it can be used to reach audience anytime and anywhere. With advent of smart phones, now social media tools like Facebook, Linkedin, Twitter, Pinterest, Google +, Yelp, Youtube, Blogs, etc.
The use of social media marketing has become a standard way in which organizations advertise their products or services. Social media marketing allows consumers to have immediate access to other consumers reviews or to post a review about a product or service. There is engagement between the company and the consumer (Evans, Dave 2010). Social Media emerged in the late 1980’s when websites such as Prodigy, Compuserve and America Online. Prodigy was first of it’s kind and was known as a ”consumer online service”. Half of the page is devoted to advertising. Facebook, Twitter, Myspace, Hi5, Bebo and Orkut are all social media platforms that are utilized as platforms today.
Social media is different from more traditional marketing tactics as it offers a free platform that is easily accessible to anyone with internet access. This allows for the increase communication for organizations to foster brand awareness and often, and
Social media is not new. Facebook has been around since 2004, YouTube since 2005, and Twitter in 2006. What is new is how social media sites like Facebook, YouTube and Twitter are affecting the way businesses market their products and services. Never before in our history have consumers been able to communicate so effortlessly with each other and with the businesses they frequent. Never before have businesses been able to interact and react to customer feedback so quickly and efficiently. However, just because businesses have the ability to use social media for their marketing and advertising efforts, does not necessarily mean they should. This paper intends to
Social media is an effective media of communication between the consumers and companies. The companies are using social media for improving consumer engagement and brand lift. This essay gives a brief overview of social media platforms and how effective they have been. It shows that the whole marketing concept has undergone radical transformation due to the social media interaction. The essay ends in conclusion depicting what marketers need to take care in order to have successful social media campaign.
According to Wikipedia, Social media marketing is a term which describes “the process of gaining website traffic or attention through social media sites (Wikipedia).” This kind of promoting tactics are getting more and more popular and effective in this technology driven world, it is easier for a business company to determine where the potential customers are and easily to attract their eyes through social media and it saves more money compare to the traditional advertising methods. As the technology developed, social media are getting much more impressive to make people interact and chat with each other, and share information as well.
The marketing industry is an elaborate network that links companies to their consumers, primarily through written communication. The main objective of marketing is to identify trends and patterns in consumer behavior, and utilize the data to influence consumers to purchase more goods. From a macroenviroment standpoint, the general conditions of a market are heavily dependent on global environmental factors. The most significant factor that influences the markets today is technological advancements. Since the release of Facebook, Linked-in, Twitter, and Myspace in the early 2000s, the number of people using social media has increased to over sixty-five percent. The ever-growing dependency on social media platforms, has given marketers the tremendous opportunity to further market potential consumers. Social media marketing is a specific form of marketing that focuses on producing ad content that social media users will post on their own networks. This particular marketing technique is effective because ads and content are created, based on what personal information users post on social media. Firms and organizations that advertise their brands on social media are more likely to increase their customer base and annual revenue. By doing so, companies are able to increase exposure of their brand and widen previous hidden, customer bases. As a marketer, the fine line between right and wrong is often blurred. The amount and
In today’s business world, social media is being discussed on a daily basis. This phenomenon has taken over the marketing and advertising industries and has changed the way they handle their efforts to attract customers. There is a big misunderstanding that social media are only popular networking sites such as Facebook and Twitter, but as defined by the Merriam-Webster dictionary, social media are “forms of electronic communication (as Web sites for social networking and micro blogging) through which users create online communities to share information, ideas, personal messages, and other content (as videos).” The rise of these online communities has given companies an opportunity to engage in conversations with their customers. This in
Social media is out there to help us every day. People can use it to research nearly everything, for example things like communication and even business marketing. There are many channels of social media. A few examples are Facebook, Twitter, LinkedIn, and YouTube, just to name a few of the popular ones.
In recent years, social media has become the best available option for brands to communicate with prospective consumers. In other words, social media is an opportunity for brands to transcend the traditional middleman (Neti, 2011). One of the many positives is that companies can build their own brand communities easily on the social media. There are some obvious benefits of brand communities which are facilitating information sharing, spread the history and the culture of brands, providing help to customers, and positively influencing brand loyalty (Laroche, Habibi and Richard, 2013).
As per the current market scenario, social media has helped many companies to reach out to its prospective customers through the right channel of online marketing. We provide you with that platform to reach out to your customer in your dominant product range which covers a great proportion in the pie chart above.
However, social media marketing is a form of marketing tool for publicising, promoting and advertising services, products or brand by utilising
➢ Taking an advantage of social media marketing, companies or business individuals simply forms an advertisement that reaches out to the wider target audiences in quick, attract more customers and enhance customer retention at convenient and inexpensive method
Every era challenges pre-existing notions to bring forth innovative and original concepts, either by redefining current inventions or capturing attention with new and fresh ideas. Change is not always a friendly welcome in strategic approaches as it challenges theories that have already been established, but it can certainly lead to a colossal breakthrough. As many companies begin to understand the importance of the Internet as a main component of their communications and interactive platforms, the notion of attempting alternate marketing strategies is one to be greatly considered within the corporate world. By taking traditional forms of marketing and improving upon them with new media such as social networking, it has created one of the most successful marketing strategies to date if done right, which ultimately results in an increase of clientele and revenue. With social media continuing its rise, it has quickly become one of the most prevalent promotional methods in today’s modern industry.
Social media marketing and social selling are now part and parcel of how we conduct business today. Word of products and services can spread like wildfire which is a blessing or a curse depending on what the word is. We can compare products and services in real-time and over multiple devices which is a challenge for many brands.
This primary focus of this study is to investigate emphasis on exactly Social Media Marketing and the way that it has altered the Marketing scenery and how corporations involve themselves with their target audience at a more micro place. A lot of the current theory on this topic comes from industry journals and deals with how digital technologies and social media and are out there altering the way in which individuals are trying to communicate with each other, in general, and the method in which consumers are starting to interrelate with products, services and corporations, more precisely. This study is going to be able