How to Earn From Social Media Marketing
Social media marketing is the use of
social media platforms and websites to promote a product or service. Although
the terms e-marketing
and digital marketing are still
dominant in academia, social media marketing is becoming more popular for both
practitioners and researchers. Most
social media platforms have built-in
data analytics tools, enabling companies to track the progress, success, and
engagement of ad campaigns. Companies address a range of stakeholders through
social media marketing, including current and potential customers, current and
potential employees, journalists, bloggers, and the general public. On a
strategic level, social media marketing includes the management of a marketing
campaign, governance, setting the scope and the establishment of a firm's
desired social media "culture" and "tone." When using
social media marketing, firms can allow customers and Internet users to post
user-generated content, also known as "earned media," rather
than use marketer-prepared advertising
copy.
PLATFORMS
Social networking websites Social
networking websites allow individuals, businesses and other organizations to
interact with one another and build relationships and communities online. When
companies join these social channels, consumers can interact with them
directly. That interaction can be more personal to users than traditional
methods of outbound marketing and advertising. Social networking sites act as
word of mouth or more precisely, e-word of mouth. The Internet's ability to
reach billions across the globe has given online word of mouth a powerful voice
and far reach. The ability to rapidly change buying patterns and product or service
acquisition and activity to a growing number of consumers is defined as an
influence network. Social networking sites and blogs allow followers to
"retweet" or "repost" comments made by others about a
product being promoted, which occurs quite frequently on some social media
sites. By repeating the message, the user's connections are able to see the
message, therefore reaching more people. Because the information about the
product is being put out there and is getting repeated, more traffic is brought
to the product/company. Business retailers have seen 133% increases in their
revenues from social media marketing.
Some examples of popular social
networking websites over the years are Facebook, Instagram, Twitter, TikTok,
MySpace, LinkedIn, and SnapChat.
Mobile
phones More than three billion people in the world are active on the Internet.
Over the years, the Internet has continually gained more and more users,
juinping from 738 million in 2000 all the way to 3.2 billion in 2015. Roughly
81% of the current population in the United States has some type of social
media profile that they engage with frequently. Mobile phone usage is
beneficial for social media marketing because of their web browsing
capabilities which allow individuals immediate access to social networking
sites. Mobile phones have altered the path-to-purchase process by allowing
consumers to easily obtain pricing and product information in real time. They
have also allowed companies to constantly remind and update their followers.
Many companies are now putting QR codes along with products for individuals to
access the company website or online services with their smart phones.
Retailers use QR codes to facilitate consumer interaction with brands by
linking the code to brand websites, promotions, product information, and any
other mobile-enabled content. In addition, Real-time bidding use in the mobile
advertising industry is high and rising due to its value for on-the-go web
browsing. In 2012, Nexage, a provider of real time bidding in mobile
advertising reported a 37% increase in revenue each month. Adfonic, another
mobile advertisement publishing platform, reported an increase of 22 billion ad
requests that same year. Mobile devices have become increasingly popular, where
5.7 billion people are using them worldwide. This has played a role in the way
consumers interact with media and has many further implications for TV ratings,
advertising, mobile commerce, and more. Mobile media consumption such as mobile
audio streaming or mobile video are on the rise - In the United States, more
than 100 million users are projected to access online video content via mobile
device. Mobile video revenue consists of pay-per-view downloads, advertising
and subscriptions. As of 2013, worldwide mobile phone Internet user penetration
was 73.4%. In 2017, figures suggest that more than 90% of Internet users will
access online content through their phones. Strategies There are two basic
strategies for using social media as a marketing tool: Passive approach
Social media can be a useful source of
market information and a way to hear customer perspectives. Blogs, content
communities, and forums are platforms where individuals share their reviews and
recommendations of brands, products, and services. Businesses are able to tap
and analyze the
customer
voices and feedback generated in social media for marketing purposes; in this
sense the social media is a relatively inexpensive source of market
intelligence which can be used by marketers and managers to track and respond
to consumer-identified problems and detect market opportunities. For example,
the Internet erupted with videos and pictures of iPhone 6 "bend test"
which showed that the coveted phone could be bent
by hand pressure. The so-called
"bend gate" controversy created confusion amongst customers who had
waited months for the launch of the latest
l'endition of the iPhone. However,
Apple promptly issued a statement saying that the problem was extremely rare
and that the company had taken
several steps to make the mobile
device's case stronger and robust. Unlike traditional market research methods
such as surveys, focus groups, and data mining which are time-consuming and
costly, and which take weeks or even months to analyze, marketers can use
social media to obtain 'live' or "real time" information about
consumer behavior and viewpoints on a company's brand or products. This can be
useful in the highly dynamic, competitive, fast-paced and global marketplace of
the 2010s. Active approach
Social media can be used not only as
public relations and direct marketing tools, but also as communication channels
targeting very specific audiences
with social media influencers and
social media personalities as effective customer engagement tools. Technologies
predating social media, such as broadcast TV and newspapers can also provide
advertisers with a fairly targeted audience, given that an ad placed during a
sports game broadcast or in the sports section of a newspaper is likely to be
read by sports fans. However, social media websites can target niche markets
even more precisely. Using digital tools such as Google Adsense, advertisers
can target their ads to very specific demographics, such as people who are
interested in social entrepreneurship, political activism associated with a
particular political party, or video gaming. Google Adsense does this by
looking for keywords in social media user's online posts and comments. It would
be hard for a TV station or paper-based
newspaper to provide ads that are this
targeted.
Social networks are, in many cases,
viewed as a great tool for avoiding costly market research. They are known for
providing a short, fast, and direct way to reach an audience through a person
who is widely known. For example, an athlete who gets endorsed by a sporting
goods company also brings their support base of millions of people who are
interested in what they do or how they play and now they want to be a part of
this athlete through their endorsements with that particular company. At one
point consumers would visit stores to view their products with famous athletes,
but now you can
view a
famous athlete's, such as Cristiano Ronaldo, latest apparel online with the
click of a button. He advertises them to you directly through his Twitter,
Instagram, and Facebook accounts. Facebook and LinkedIn are leading social
media platforms where users can hyper-target their ads. Hypertargeting not only
uses public profile information but also information users submit but hide from
others. There are several examples of firms initiating some form of online
dialog with the public to foster relations with customers. According to
Constantinides, Lorenzo and Gómez Borja "Business executives like Jonathan
Swartz,
President and CEO of Sun Microsystems,
Steve Jobs CEO of Apple Computers, and McDonald's Vice President Bob Langert
post regularly in their CEO blogs, encouraging customers to interact and freely
express their feelings, ideas, suggestions, or remarks about their postings,
the company or its products". Among the political leaders in office, Prime
Minister Narendra Modi has the highest number of followers at 40 million, and
President Donald Trump
ranks second with 25 million
followers. Modi employed social media platforms to circumvent traditional media
channels to reach out to the young and
urban population of India which is
estimated to be 200 million.
ENGAGEMENT
Engagement with the social web means
that customers and stakeholders are active participants rather than passive
viewers. An example of these are consumer advocacy groups and groups that
criticize companies. Social media use in a business or political context allows
all consumers/citizens to
express and share an opinion about a
company's products, services, business practices, or a government's actions.
Each participating customer, noncustomer, or citizen who is participating
online via social media becomes a part of the marketing department as other
customers read their positive or
negative comments or reviews. Getting
consumers, potential consumer's or citizens to be engaged online is fundamental
to successful social media
marketing. With the advent of social
media marketing, it has become increasingly important to gain customer interest
in products and services. This can eventually be translated into buying
behavior, or voting and donating behavior in a political context. New online
marketing concepts of engagement and loyalty have emerged which aim to build
customer participation and brand reputation. Engagement in social media for the
purpose of a social media strategy is divided into two parts. The first is
proactive, regular posting of new online
ontent.
This can be seen through digital photos, digital videos, text, and
conversations. It is also represented through sharing of content and
information from others via weblinks. The second part is reactive conversations
with social media users responding to those who reach out to your social media
profiles through commenting or messaging. Traditional media such as TV news
shows are limited to one-way interaction with customers or 'push and tell'
where only specific information is given to the customer with few or limited
mechanisms to obtain customer feedback. Traditional media such as physical
newspapers, do give readers the option of sending a letter to the editor.
Though, this is a relatively slow process, as the editorial board has to review
the letter and decide if it is appropriate for publication. On the other hand,
social media is participative and open; Participants are able to instantly
share their views on brands, products, and services. Traditional media gave
control of message to the marketer, whereas social media
shifts the balance to the consumer or
citizen.
Campaigns
Local businesses
Small businesses also use social
networking sites as a promotional technique. Businesses can follow individuals
social networking site uses in the local
area and advertise specials and deals.
These can be exclusive and in the form of "get a free drink with a copy of
this tweet". This type of message
encourages other locals to follow the
business on the sites in order to obtain the promotional deal. In the process,
the business is getting seen and
promoting itself.
Small businesses also use social
networking sites to develop their own market research on new products and
services. By encouraging their customers
to give feedback on new product ideas,
businesses can gain valuable insights on whether a product may be accepted by
their target market enough to merit full production, or not. In addition,
customers will feel the company has engaged them in the process of
co-creation—the process in which the business uses customer feedback to create
or modify a product or service the filling a need of the target market. Such
feedback can present in various
forms, such as surveys, contests,
polls, etc. Social networking sites such as LinkedIn, also provide an
opportunity for small businesses to find candidates to fill staff positions. Of
course, review sites, such as Yelp, also help small businesses to build their
reputation beyond just brand visibility. Positive customer peer reviews help to
influence new prospects to purchase goods and services more than company
advertising,
Nike
#MakeItCount
In early 2012, Nike introduced its
Make It Count social media campaign. The campaign kickoff began YouTubers Casey
Neistat and Max Joseph launching a YouTube video, where they traveled 34,000
miles to visit 16 cities in 13 countries. They promoted the #makeitcount
hashtag, which
millions of consumers shared via
Twitter and Instagram by uploading photos and sending tweets. The #MakeltCount
YouTube video went viral and
Nike saw an 18% increase in profit in
2012, the year this product was released. Purposes and tactics One of the main
purposes of employing social media in marketing is as a communications tool
that makes the companies accessible to those interested in their product and
makes them visible to those who have no knowledge of their products. These
companies use social media to create buzz, and learn from and target customers.
It's the only form of marketing that can finger consumers at each and every
stage of the consumer decision journey. Marketing through social media has
other benefits as well. Of the top 10 factors that correlate with a strong
Google organic search, seven are social media dependent. This means that if brands
are less or non-active on social media, they tend to show up less on Google
searches. While platforms such as Twitter, Facebook, and Google+ have a larger
number of monthly users, the visual media sharing based mobile platforms,
however, gamer a higher interaction rate in comparison and have registered the
fastest growth and have changed the ways in which consumers engage with brand
content. Instagram has an interaction rate of 1.46% with an average of 130
million users monthly as opposed to Twitter which has a .03% interaction rate
with an average of 210 million monthly users.
To this end, companies make use of
platforms such as Facebook, Twitter, YouTube, and Instagram to reach audiences
much wider than through the use
of traditional print/TV/radio advertisements
alone at a fraction of the cost, as most social networking sites can be used at
little or no cost. This has
changed the ways that companies
approach to interact with customers, as a substantial percentage of consumer
interactions are now being carried out over online platforms with much higher
visibility. Customers can now post reviews of products and services, rate
customer service, and ask questions or voice concerns directly to companies
through social media platforms. According to Measuring Success, over 80% of
consumers use the web to research products and services. Thus social media
marketing is also used by businesses in order to build relationships of trust
with consumers. To this
aim,
companies may also hire personnel to specifically handle these social media
interactions, who usually report under the title of Online community managers.
Handling these interactions in a satisfactory manner can result in an increase
of consumer trust. To both this aim and to fix the public's perception of a
company, 3 steps are taken in order to address consumer concerns, identifying
the extent of the social chatter, engaging the influencers to help, and
developing a proportional response.
TWITTER
Twitter allows companies to promote
their products in short messages known as tweets limited to 140 characters
which appear on followers' Home timelines. Tweets can contain text, Hashtag,
photo, video, Animated GIF, Emoji, or links to the product's website and other
social media profiles, etc. Twitter is also used by companies to provide
customer service. Some companies make support available 24/7 and answer
promptly, thus improving brand loyalty and appreciation.
FACEBOOK
Facebook pages are far more detailed
than Twitter accounts. They allow a product to provide videos, photos, longer
descriptions, and testimonials
where followers can comment on the
product pages for others to see. Facebook can link back to the product's
Twitter page, as well as send out event
reminders. As of May 2015,93% of
businesses marketers use Facebook to promote their brand. A study from 2011
attributed 84% of "engagement" or
clicks and likes that link back to
Facebook advertising. By 2014, Facebook had restricted the content published
from business and brand pages.
Adjustments in Facebook algorithms
have reduced the audience for non-paying business pages from 16% in 2012 down
to 2% in February 2014. LinkedIn LinkedIn, a professional business-related
networking site, allows companies to create professional profiles for
themselves as well as their business to network and meet others. Through the
use of widgets, members can promote their various social networking activities,
such as Twitter stream or blog entries of their product pages, onto their
LinkedIn profile page. LinkedIn provides its members the opportunity to
generate sales leads and business partners. Members can use "Company
Pages" similar to Facebook pages to create an area that will allow
business owners to promote their products or services and be able to interact
with their customers. Due to spread of spam mail sent to job seeker, leading
companies prefer to use LinkedIn for employee's recruitment instead of using a
different job portal. Additionally, companies have voiced a preference for the
amount of information that can
be
gleaned from a LinkedIn profile, versus a limited email.
WHATSAPP
WhatsApp was founded by Jan Koum and
Brian Acton. Joining Facebook in 2014, WhatsApp continues to operate as a
separate app with a laser focus
on building a messaging service that
works fast and reliably anywhere in the world. Started as an alternative to
SMS, Whatsapp now supports sending and receiving a variety of media including
text, photos, videos, documents, and location, as well as voice calls. WhatsApp
messages and calls are secured with end-to-end encryption, meaning that no
third party including WhatsApp can read or listen to them. WhatsApp has a
customer base of 1 billion people in over 180 countries. It is used to send
personalised promotional messages to individual customers. It has plenty of
advantages over SMS that includes ability to track how Message Broadcast
Performs using blue tick option in Whatsapp. It allows sending messages to Do
Not Disturb customers. WhatsApp is also used to send a series of bulk messages
to their targeted customers using broadcast option. Companies started using
this to a large extent because it is a cost-effective promotional option and
quick to spread a message. As of 2019, WhatsApp still not allow businesses to
place ads in their app
YELP
Yelp consists of a comprehensive
online index of business profiles. Businesses are searchable by location,
similar to Yellow Pages. The website is
operational in seven different
countries, including the United States and Canada. Business account holders are
allowed to create, share, and edit
business profiles. They may post
information such as the business location, contact information, pictures, and
service information. The website further allows individuals to write, post
reviews about businesses, and rate them on a five-point scale. Messaging and
talk features are further made available for general members of the website,
serving to guide thoughts and opinions.
INSTAGRAM
Instagram In May 2014, Instagram had
over 200 million users. The user engagement rate of Instagram was 15 times
higher than of Facebook and 25 times higher than that of Twitter. According to
Scott Galloway, the founder of L2 and a professor of marketing at New York
University's Stem School of Business,
latest studies estimate that 93% of
prestige brands have an active presence on Instagram and include it in their
marketing mix. When it comes to brands
and
businesses, Instagram's goal is to help companies to reach their respective
audiences through captivating imagery in a rich, visual environment. Moreover,
Instagram provides a platform where user and company can communicate publicly
and directly, making itself an ideal platform for
companies to connect with their
current and potential customers.
Many brands are now heavily using this
mobile app to boost their marketing strategy. Instagram can be used to gain the
necessary momentum needed to capture the attention of the market segment that
has an interest in the product offering or services. As Instagram is supported
by Apple and android
system, it can be easily accessed by
smartphone users. Moreover, it can be accessed by the Internet as well. Thus,
the marketers see it as a potential
platform to expand their brands
exposure to the public, especially the younger target group. On top of this,
marketers do not only use social media for traditional Internet advertising,
but they also encourage users to create attention for a certain brand. This
generally creates an opportunity for greater brand exposure. Furthermore,
marketers are also using the platform to drive social shopping and inspire
people to collect and share pictures of their favorite products. Many big names
have already jumped on board: Starbucks, MTV, Nike, Marc Jacobs, and Red Bull
are a few examples of multinationals that adopted the mobile photo app early.
Fashion blogger Danielle Bernstein, who goes by Oweworewhat on Instagram,
collaborated
with Harper's Bazaar to do a piece on
how brands are using Instagram to market their products, and how bloggers make
money from it. Bernstein, who currently has one and a half million followers on
Instagram, and whose "outfit of the day" photos on Snapchat get tens
of thousands of screenshots, explained that for a lot of her sponsored posts,
she must feature the brand in a certain number of posts, and often cannot wear
a competitor's product in
the same picture. According to
Harper's Bazaar, industry estimates say that brands are spending more than $1
billion per year on consumer-generated advertising. Founder of Instagram Kevin
Systrom even went to Paris Fashion week, going to couture shows and meeting
with designers to learn more about how style bloggers, editors, and designers
are currently dominating much of the content on his application. Instagram has
proven itself a powerful platform for marketers to reach their customers and
prospects through sharing pictures and brief messages. According to a study by
Simply Measured, 71% of the world's largest brands are now using Instagram as a
marketing channel. For companies, Instagram can be used as a tool to connect
and communicate with current and potential customers. The company can present a
more personal picture of their brand, and by doing so the company conveys a
better and true
picture
of itself. The idea of Instagram pictures lies on on-the-go, a sense that the
event is happening right now, and that adds another layer to the personal and
accurate picture of the company. In fact, Thomas Rankin, co-founder and CEO of
the program Dash Hudson, stated that when he
approves a blogger's Instagram post
before it is posted on the behalf of a brand his company represents, his only
negative feedback is if it looks too
posed. "It's not an editorial
photo," he explained, "We're not trying to be a magazine. We're
trying to create a moment." Other than the filters and
hashtags functions, the Instagram's
15-second videos and the recently added ability to send private messages between
users have opened new
opportunities for brands to connect
with customers in a new extent, further promoting effective marketing on
Instagram.
SNAPCHAT
Snapchat is a popular messaging and picture
exchanging application that was created in 2011 by three students at Stanford
University named Evan Spiegel, Bobby Murphy, and Reggie Brown. The application
was first developed to allow users to message back and forth and to also send
photographs that are only available from 1-10 seconds until they are no longer
available. The app was an instant hit with social media members and today there
are up to 158 million people using snapchat every single day. It is also
estimated that Snapchat users are opening the application approximately 18
times per day, which means users are on the app for about 25–30 minutes per
day. YouTube also enable publishers to earn money through its YouTube Partner
Program. Companies can pay YouTube for a special channel" which promotes
the companies products or services. Social bookmarking sites Websites such as
Delicious, Digg, Slashdot, Diigo, Stumbleupon, and Reddit are popular social
bookmarking sites used in social media promotion. Each of these sites is
dedicated to the collection, curation, and organization of links to other
websites that users deem to be of good quality. This process is
"crowdsourced", allowing amateur social media network members to sort
and prioritize links by relevance and general category. Due to the large user
bases of these websites, any link from one of them to another, the smaller
website may in a flash crowd, a sudden surge of interest in the target website.
In addition to user-generated promotion, these sites also offer advertisements
within individual user communities and categories. Because ads can be placed in
designated communities with a very specific target audience and demographic,
they have far greater potential for traffic generation than ads selected simply
through cookie and browser history. Additionally, some of these websites have
also implemented measures to make ads more relevant to users by allowing users
to vote on which ones will be shown on pages they frequent. The ability to
redirect large volumes of web
traffic
and target specific, relevant audiences makes social bookmarking sites a
valuable asset for social media marketers.
BLOGS
Platforms like LinkedIn create an
environment for companies and clients to connect online. Companies that
recognize the need for information,
originality/ and accessibility employ
blogs to make their products popular and unique and ultimately reach out to
consumers who are privy to social
media. Studies from 2009 show that
consumers view coverage in the media or from bloggers as being more neutral and
credible than print
advertisements, which are not thought
of as free or independent. Blogs allow a product or company to provide longer
descriptions of products or services, can include testimonials and can link to
and from other social network and blog pages. Blogs can be updated frequently
and are promotional techniques for keeping customers, and also for acquiring
followers and subscribers who can then be directed to social network pages.
Online communities can enable a business to reach the clients of other
businesses using the platform. To allow firms to measure their standing in the
corporate
world, sites enable employees to place
evaluations of their companies.
TUMBLR
Blogging website Tumblr first launched
ad products on May 29, 2012. Rather than relying on simple banner ads, Tumblr
requires advertisers to create
a Tumblr blog so the content of those
blogs can be featured on the site. In one year, four native ad formats were
created on web and mobile, and had more than 100 brands advertising on Tumblr
with 500 cumulative sponsored posts.
Ad formats
Sponsored mobile pPost -
Advertisements will show up on user's Dashboard when the user is on a mobile
device such as smartphones and tablets,
allowing them to like, reblog, and
share the sponsored post.
Sponsored web post – "Largest in-stream ad unit on
the web" that catches the users' attention when looking at their Dashboard
through their computer or laptop. It also allows the viewers to like, reblog,
and share it. Sponsored radar - Radar picks up exceptional posts from the whole
Tumblr community based on their originality and creativity. It is placed on the
right side next to the Dashboard, and it typically earns 120 million daily
impressions. Sponsored radar allows advertisers to place their posts there to
have
an opportunity to earn new followers, reblogs, and likes. Sponsored spotlight -
Spotlight is a directory of some of the popular blogs throughout the community
and a place where users can find new blogs to follow. Advertisers can choose
one category out of fifty categories that they can have their blog listed on
there. These posts can be one or more of the following: images, photo sets,
animated GIFs, video, audio, and text posts. For the users to differentiate the
promoted posts to the regular users' posts, the promoted posts have a dollar
symbol on the corner. On May 6, 2014, Tumblr announced customization and
theming on mobile apps for brands to advertise.
Advertising campaigns Disney/Pixar's
Monsters University: Created a Tumblr account, MUGrumblr, saying that the
account is maintained by a 'Monstropolis transplant' and
'self-diagnosed coffee addict' who is
currently a sophomore at Monsters University. A "student" from
Monsters University uploaded memes, animated GIFs, and Instagram-like photos
that are related to the sequel movie. Apple's iPhone 5c: Created a Tumblr page,
labeling it "Every color has a story" with the website name:
"ISee5c". As soon as you visit the website, the page is covered with
different colors representing the iPhone 5c phone colors and case colors. When
you click on one of the colored section, a 15
second video plays a song and
"showcases the dots featured on the rear of the iPhone 5c official cases
and on the iOS 7 dynamic wallpapers...",
concluding with words that are related
to the video's theme.
Marketing techniques Social media
marketing involves the use of social networks, consumer's online brand-related
activities and electronic word of mouth to successfully advertise online.
Social networks such as Facebook and Twitter provide advertisers with
information about the likes and dislikes of their consumers." is an
example of a COBRA. the hotel company can have two possible outcomes based on
their service. A good service would result in a positive review
which gets the hotel free advertising
via social media. However, a poor service will result in a negative consumer
review which can potentially harm
the company's reputation.
Social networking sites such as
Facebook, Instagram, Twitter, MySpace etc. have all influenced the buzz of word
of mouth marketing. In 1999, Misner
said that word-of mouth marketing is,
"the world's most effective, yet least understood marketing
strategy". Through the influence of opinion leaders,
the
increased online "buzz" of "word-of-mouth" marketing that a
product, service or companies are experiencing is due to the rise in use of
social media and smartphones. Businesses and marketers have noticed that,
"a persons behaviour is influenced by many small groups". These small
groups
rotate around social networking
accounts that are run by influential people who have followers of groups. The
types of groups are called: reference groups ; membership groups; and
aspirational groups. Influencer Marketing Marketers target influential people,
referred to as influencers, on social media who are recognized as being opinion
leaders and opinion-formers to send messages to their target audiences and
amplify the impact of their message. A social media post by an opinion leader
can have a much greater impact than a social media post by a regular user.
Marketers have come to the understanding that "consumers are more prone to
believe in other individuals" who they trust. OL's and OF's can also send
their own messages about products and services they choose . The reason the
opinion leader or formers have such a strong following base is because their
opinion is valued or trusted. They can review products and services for their
followings, which can be positive or negative towards the brand. OL's and OF's
are people who have a social status and because of their personality, beliefs,
values etc. have the potential to influence other people . They usually have a
large number of followers otherwise known as their reference, meinbership or
aspirational
group
Organic Social Media
Owned social media channels are an
essential extension of business' and brands in today's world. Brand must seek
to create their brand image on each
platform, and cater to the type of
consumer demographics on each respective platform. In contrast with
pre-Internet marketing, such as TV ads and
newspaper ads, in which the marketer
controlled all aspects of the ad, with social media, users are free to post
comments right below an online ad or an online post by a company about its
product. Companies are increasing using their social media strategy as part of
their traditional marketing effort
using magazines, newspapers, radio
advertisements, television advertisements. Since in the 2010s, media consumers
are often using multiple platforms
at the same time, marketing content
needs to be consistent across all platforms, whether traditional or new media.
Heath wrote about the extent of attention businesses should give to their
social media sites. It is about finding a balance between frequently posting
but not over posting. There is a lot
more
attention to be paid towards social media sites because people need updates to
gain brand recognition. Therefore, a lot more content is need and
this can often be unplanned content.
Planned content begins with the creative/marketing team generating their ideas,
once they have completed their ideas they send them off for approval. There is
two general ways of doing so. The first is where each sector approves the plan
one after another, editor, brand, followed by the legal team Sectors may differ
depending on the size and philosophy of the business. The second is where each
sector is given 24 hours to sign off or disapprove. If no action is given
within the 24-hour period the original plan is implemented. Planned content is
often noticeable to customers and is un-original or lacks excitement but is
also a safer option to avoid unnecessary backlash from the public. Both routes
for planned content are time consuming as in the above; the first way to
approval takes 72 hours to be approved. Although the second route can be
significantly shorter it also holds more risk particularly in the legal
department. Unplanned content is an 'in the moment' idea, "a spontaneous,
tactical reaction.". The content could be trending and not have the time
to take the
planned content route. The unplanned
content is posted sporadically and is not calendar/date/time arranged . Issues
with unplanned content revolve
around legal issues and whether the
message being sent out represents the business/brand accordingly. If a company
sends out a Tweet or Facebook
message too hurriedly, the company may
unintentionally use insensitive language or messaging that could alienate some
consumers. For example, celebrity chef Paula Deen was criticized after she made
a social media post commenting about HIV-AIDS and South Africa; her message was
deemed
to be offensive by many observers. The
main difference between planned and unplanned is the time to approve the
content. Unplanned content must still be approved by marketing managers, but in
a much more rapid manner e.g. 1-2 hours or less. Sectors may miss errors
because of being hurried. When using unplanned content Brito says, "be
prepared to be reactive and respond to issues when they arise." Web sites
often include the banner or pop-up ads. Social networking sites don't always
have ads. In exchange, products have entire pages and are able to interact with
users. Television commercials often end with a spokesperson asking viewers to
check out the product website for more information. While briefly popular,
print ads included QR codes on them. These QR codes can be scanned by cell
phones and computers, sending viewers to the
product website. Advertising is
beginning to move viewers from the traditional outlets to the electronic ones.
While traditional media, like newspapers and television advertising, are
largely overshadowed by the rise of social media marketing, there is still a
place
for traditional marketing. For example, with newspapers, readership over the
years has shown a decline. However, readership with newspapers is still
fiercely loyal to print-only media. 51% of newspaper readers only read the
newspaper in its print form, making well-placed ads valuable.
LEAKS
The Internet and social networking
leaks are one of the issues facing traditional advertising. Video and print ads
are often leaked to the world via the Internet earlier than they are scheduled
to premiere. Social networking sites allow those leaks to go viral, and be seen
by many users more quickly. The time difference is also a problem facing
traditional advertisers. When social events occur and are broadcast on
television, there is often a time delay between airings on the east coast and
west coast of the United States. Social networking sites have become a hub of
comment and interaction concerning the event. This allows individuals watching
the event on the west coast to know the outcome before it airs. The 2011 Grammy
Awards
highlighted this problem. Viewers on
the west coast learned who won different awards based on comments made on
social networking sites by
individuals watching live on the east
coast. Since viewers knew who won already, many tuned out and ratings were
lower. All the advertisement and
promotion put into the event was lost
because viewers didn't have a reason to watch.
Mishaps Social media marketing
provides organizations with a way to connect with their customers. However,
organizations must protect their information as well as closely watch comments
and concerns on the social media they use. A flash poll done on 1225 IT
executives from 33 countries revealed that social media mishaps caused
organizations a combined $4.3 million in damages in 2010. This reference to the
2011 Egyptian revolution drew an
objection from the public, it was
widely objected to on the Internet. In 2012 during Hurricane Sandy, Gap sent
out a tweet to its followers telling them to stay safe but encouraged them to
shop online and offered free shipping. The tweet was deemed insensitive, and
Gap eventually took it down and apologized. Numerous additional online
marketing mishap examples
exist. Examples include a YouTube
video of a Domino's Pizza employee violating health code standards, which went
viral on the Internet and later
resulted in felony charges against two
employees. A Twitter hashtag posted by McDonald's in 2012 attracting attention
due to numerous complaints
and negative events customers
experienced at the chain store; and a 2011 tweet posted by a Chrysler Group
employee that no one in Detroit knows how
to
drive. When the Link REIT opened a Facebook page to recommend old-style
restaurants, the page was flooded by furious comments criticizing the
REIT for having forced a lot of
restaurants and stores to shut down: it had to terminate its campaign early
amid further deterioration of its corporate
image.
In 2018, Max Factor, MAC and other
beauty brands were forced to rush to disassociate themselves from Kuwaiti
beauty blogger and Instagram
'influencer' Sondos Alqattan after she
criticised government moves to improve conditions for domestic workers.
ETHICS
The code of ethics that is affiliated
with traditional marketing can also be applied to social media. However, with
social media being so personal and
international, there is another list
of complications and challenges that come along with being ethical online. A
sensitive topic about social media professionals is the subject of ethics in
social media inarketing practices, specifically: the proper uses of, often
times, very personal data. With the invention of social media, the marketer no
longer has to focus solely on the basic demographics and psychographics given
from television and magazines, but now they can see what consumers like to hear
from advertisers, how they engage online, and what their needs and wants are.
The
general concept of being ethical while
marking on social network sites is to be honest with the intentions of the
campaign, avoid false advertising, be
aware of user privacy conditions,
respect the dignity of persons in the shared online community, and claim
responsibility for any mistakes or mishaps that are results of your marketing
campaign. Most social network marketers use websites like Facebook and MySpace
to try to drive traffic to another website. While it is ethical to use social
networking websites to spread a message to people who are genuinely interested,
many people game the system with auto-friend adding programs and spam messages
and bulletins. Social networking websites are becoming wise to these practices,
however, and are effectively weeding out and banning offenders. In addition,
social media platforms have become extremely aware of their users and collect
information about their viewers to connect with them in various ways.
Social-networking website Facebook Inc. is quietly working on a new advertising
system that would let marketers target users with ads
based on the massive amounts of
information people reveal on the site about themselves. This may be an
unethical or ethical feature to some individuals. Some people may react
negatively because they believe it is an invasion of privacy. On the other hand,
some individuals may enjoy this
feature
because their social network recognizes their interests and sends them
particular advertisements pertaining to those interests. Consumers like to
network with people who share their
interests and desires. Individuals who agree to have their social media profile
public, should be aware that advertisers have the ability to take information
that interests them to be able to send them information and advertisements to
boost their sales.
Managers invest in social media to
foster relationships and interact with customers. This is an ethical way for
managers to send messages about their
advertisements and products to their
consumers.
Since social media marketing first
came into being, strategists and marketers have been getting smarter and more
careful with the way they collect information and distributing advertisements.
With the presence of data collecting companies, there is no longer a need to
target specific audiences. This can be seen as a large ethically gray area. For
many users, this is a breach of privacy, but there are no laws that prevent
these companies from using the
information provided on their
websites. Companies like Equifax, Inc., TransUnion Corp, and LexisNexis Group
thrive on collecting and sharing
personal information of social media
users. In 2012, Facebook purchased information from 70 million households from
a third party company called
Datalogix. Facebook later revealed
that they purchased the information in order to create a more efficient
advertising service. Facebook had an estimated 144.27 million views in 2016,
approximately 12.9 million per month. Despite this high volume of traffic, very
little has been done to protect the millions of users who log on to Facebook
and other social media platforms each month. President Barack Obama tried to
work with the Federal Trade Commission to attempt to regulate data mining. He
proposed the Privacy Bill of Rights, which would protect the average user from
having their private information downloaded and shared with third party
companies. The proposed laws would give the consumer more control over what
information companies can collect. is a free tool that shows the behavior and
other information, such as demographics and device type used, of website
visitors from social networks. This and other commercial offers can aid
marketers in choosing the most effective social networks and social
media marketing activities.
RETURN ON INVESTMENT
DATA
The end goal of any marketing effort
is to generate sales. Although social media is a useful marketing tool, it is
often difficult to quantify to what extent it is contributing to profit. ROI
can be measured by comparing marketing analytic value to contact database or
CRM and connect marketing efforts directly to sales activity.
CUSTOMER
RESPONSE RATES
Several customers are turning towards social media to express their appreciation or frustration with brands, product or services. Therefore, marketers can measure the frequency of which customers are discussing their brand and judge how effective their SMM strategies are. In recent studies, 72% of people surveyed expressed that they expected a response to their complaints on Twitter within an hour. Social media marketing in sport There has been an increase in social media marketing in sport, as sports teams and clubs recognise the importance of keeping a rapport with their fans and other audiences through social media. Sports personalities such as Cristiano Ronaldo have 40.7 million followers on Twitter and 49.6 million on Instagram, creating opportunities for endorsements.
See also
Integrated marketing communication
Internet marketing
Pay per click
Online Marketing
Mobile Marketing
Web 2.0
internet celebrity
References
External links
Bria, Francesca . Retrieved 13
September 2018
Comments
Post a Comment