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Social media as a tool of advertising
Social media as a tool of advertising
The Importance of Social Media Marketing
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Social media, although the newest form of advertising and still unknown by some in the general population, is becoming a faster and more efficient method of advertising in today 's society. While television, radio and print advertising is still in use and considered an effective method of advertising, social media is a crucial way to get a company, organization or business to be noticed, recognized and established. Advertising is able to reach thousands of people on a moment by moment basis due to the fact that people who own smartphones are relying on them constantly for shopping, scheduling, communication, and many other tasks. Since most people who own smartphones use them regularly and consistently, advertising through social media is …show more content…
Being aware of what current and potential customers ' opinions are concerning your product or service can give you priceless insight as to what needs to be done to improve or strengthen the image of the business in the minds of the customers. This has the potential to create loyalty and an increase in new customers having interest in the business (Richards, 17). Television and radio advertising do not have a way to allow viewers to discuss the product being advertised or make comments concerning the product. Social media has a great advantage in that it allows customers to interact both with the business and other customers. It allows them to have their voices heard resulting in valuable feedback for the business. Researching what their customers are saying helps the business know exactly what the customers want without having to resort to more difficult data collection methods, such as surveys. The amount of data showing customer 's needs that you can collect from social media is more valuable and easier to obtain than traditional methods (Richards, 17). Social media allows businesses to know their customers in a more personal way than ever before and in a cost effective and time efficient …show more content…
If the experience was a positive one, the result is an improvement in the brand 's authority. As more customers share their positive experiences with your product, your image among customers improves which translates to positive growth for your business. People like to tell others about their experiences on social media. If they are able to discuss their experience with your product more easily due to your business 's availability on social media, you will achieve better results, especially if the information is positive and encouraging (Richards, 20). The more positive attention you get as a business, the greater the chance of an increase in loyalty and
Opportunities: The social media benefits from a growing number of educated, loyal and strong customer base. Also, the social media provide the company with quick access to customer concerns that can be addressed proactively. Social media offers huge opportunities for sales and targeted marketing. In addition, companies have increased their sales and revenue through the social media, which continues to provide immense opportunities for additional investments.
To achieve this, we have chosen customer surveys. First, we will record customer calls, customer feedback and suggestions to analyze operational issues of the product. Secondly, we will utilize social media as a customer feedback channel. Customers will speak or comment on the experience, opinions, or complaints about the product publicly on social media. Social media listening can help you adjust marketing efforts to better find the target audience.
74% of customers rely on social media to help them with potential purchases (Chignell, 2016). This stat alone shows how critical it is for companies to interact with customers online or they risk losing that customer to a competitor. Wendy's does a great job of interacting with customers as 95% of their tweets are in response to customer questions (Cipriani, 2017). By answering questions directly with customers over Twitter, it not only helps build relationships with customers, but it also helps market the Wendy's brand. Additionally, 53% of customers use social media to recommended products and companies to their followers (Chignell, 2016).
Marketing through Social Media (Exploratory Essay) Throughout the ages there have been many intriguing ways that businesses have portrayed their product or services for accessibility. Recently, businesses have been researching how to market the businesses product through the World Wide Web. With websites such as Facebook, Twitter, Instagram, it started becoming popular within the past 20 Years. People have started to rely heavily on the internet over the past decade, whether it be for searching for information on products or people.
Among the billions of social media users, there is a percentage dedicated to businesses who use social media as part of their marketing strategy. The sheer number of people who use services like Facebook and Instagram on a daily
There was once a time when companies used to spend heavily on publishing, compelling, ads on newspapers and magazines just to put the word out there, but times have changed and so have the medium used to broadcast these ads. Nowadays, companies use the internet to spread the news, to be more specific, companies use the social media as an advertising tool. Over the years, social media has vastly changed the way we communicate and interact with one another, some examples of such social media might be Facebook, Twitter, and YouTube etc. This kind of interacting tools are now been used by businesses to sell or advertise their products, one might say that the social media is the modern day substitute for newspapers and magazines. One company that has been doing this heavily is Android (owned by Google), Android ads can be seen in every corner of the internet whether be famous sites like Facebook or now extinct ones such as Myspace, although one such social media that they haven’t been using is XDA developers. The site predominantly focuses on software development and discussion for Android, Windows, Ubuntu Touch, and Bada phones etc. The following paper will discuss and analyze their audience and argue why XDA developers is the best social media platform to advertise smartphone operating system companies such as Android to the general public and developers.
Social media avenues are a new, upcoming, and popular way to advertise for businesses and for people to connect to each other. Alexis Ohanian once said that "Being effective at social media, whether for business or personal use, means capturing people who have short attention spans. They 're only a click away from a picture of a funny cat, so you have to make your thing more compelling than that cat. And that can be a high bar." (Ohanian) Powerful usage of social media can have a big impact.
Social Media is used daily by what seems like everyone, and with all of its advances it is here to stay. While surfing the seas of social media such as Facebook, Twitter, etc... I am frequently overwhelmed with advertisements for a variety of companies. Social media for advertising got so attracted that people forgot to meet in physically and think that way to communicate, can be done online especially youngster. This puts into question how much money companies are spending to advertise on websites, instead of say television or on actual paper. According to Business Insider, US social media advertising will spend more than $8.5 billion this year and nearly double that by 2018. An article from Marketingland.com said social media advertising grew 57% from 2013 to 2014. With these statistics it is safe to say if you want to promote your company, advertising on social media a good way to
Social media is an outlet that allows a company to introduce new products, control the speed of how they want to introduce their products and free advertisement. Sending out a tweet or putting up a status would let your customers know about a product that is released. This benefits companies because they spend less money on televised commercials, which takes more time to produce and will not reach as many generations that it could by using social media. Any social media site is free, and it takes less than 10 seconds to put out a post on any website. Facebook has also launched Facebook advertisements, which assist advertisers by showing advertisements to a user based on demographic factors, such as location, age, or gender, and which can further engage the audience by incorporating social context into advertisements, such as displaying when someone’s friend has liked an advertiser’s Facebook page (Li, Lin, & Chiu, Fall2014) . There is nearly 100 million daily active snapchatters and growing. Teenagers are constantly on their phones checking their pages so there is no way they will not know about the product being released. Marketers can discover potential customers for market positioning by filtering the content that online users mention or discuss (Li, Lin, & Chiu,
Social media in marketing is used as an apparatus that builds an identity for a brand and gives awareness that they thought they could have. It does not only respect buyers, but also customer allegiance. Social media is widely-ranged so it can be used in whatever way that best conforms to the strategy and wants of the business. In accordance to the social media marketing report of 2014, a considerable (64%) of marketers use social media for at least 6 hours or more and 41% for 11 hours or more weekly, more importantly nearly (19%) of marketers use up to 20 hours each week on Facebook, Twitter, LinkedIn, Instagram and many more. The report also showed 7 social media platforms that led in 2014 which are Facebook, Twitter, LinkedIn, Google+, Youtube, Pinterest and Instagram.
According to Richter & Koch(2007) Social media are online applications, platforms and media which aim to facilitate interactions, collaborations and the sharing of content. According to Kim and Ko (2010), social media can have a dramatic impact on a brand's reputation. The different between social media and traditional marketing is Traditional marketing involves creating a one-way message, crafted by the marketer. Social media a shaving a two-way conversation with your constituents. Engagement is the key to social media. Effective social media entailsbuilding a platform target markets, communicating and maintaining relationships. From a consumer’s perspective, the use of ICT enhance these benefits such as efficiency, convenience, richer and
Since social media users grow larger and larger, many companies take the opportunities of using social media marketing to reach more customers. Companies use social media marketing in order to achieve marketing communication and branding goals. Social media allows companies to see what prospects are saying about their brands and competitors. It also allows companies to build deeper relationships with existing customers that drives them to purchase again and again. Not only it can help them generate new leads, but it allows them to build deeper relationships with existing clients that drives them to purchase again and again. It has become common for businesses to branch out and experiment with multiple networks with the aim of reaching the maximum amount of costumers.
Social media marketing is a new trend of marketing where different Businesses have taken to social media sites to market and promote old and existing products and brands or create more awareness of their new products. Facebook and Twitter are the two most well known sites where firms market and promote themselves. Over one billion users worldwide use both sites everyday; from averages Joe’s to famous celebrities. Such is the power of each social media site that one post can make or break you.
We can now connect with each other instantly over the internet. It is quicker and easier to communicate and share with each other now than it has ever been. Massive amounts of people access the internet every day, and a good number of them use social media. This means that the ability to use social media and use it well is crucial for modern businesses. Whether for public relations or advertising, social media is now one of the best ways to reach consumers.
The first advantage of using social media in business is increasing brand awareness. Social media can help business to build their brand awareness by increasing interactions with a business brand. Brand awareness means the total percent of a target people who know the company exists and what the company offers of products or services. When the brand awareness is increased, the possibility of buying is increased. Thus, efforts should be made to make the brand a part of the consciousness of customers. For example, Coca- Cola is one of the best companies that enjoy unusual...