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What is Social Media?
“Social media is the collective of online
communications channels dedicated to
community-based
input, interaction, content-sharing and
collaboration.”
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Trends in Social Media Marketing
Making the switch from traditional to social
media
“According to a survey of 468 U.S.-based chief
marketing executives… social media’s share of
marketing budgets, about 8.4% percent of the
total spend now, is expected to rise to 11.5% in
the next year and grow steadily to about 21.6%
over the next five years.”- WWD
“Prediction of a 2.7% drop in traditional
advertising over the next year”-WWD
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Social Media In Fashion Marketing
Goal of social media: interact not broadcast
Engagement is KEY
Fashion and Social Media go hand in hand
Reversal of roles in dictating trends
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Type: Social Networking
A social networking service site
Launched in February 2004
Now boasts over 1 billion users
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& Fashion
Fashion companies and brands can launch several different
types of ads
Able to customize the demographic that their ads reach
They create their own Facebook pages to promote products
and styles
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Advertised a new line of "natural luxe" makeup in 2011
Urged viewers to go to their Facebook page
The line was very successful and their page became much
more popular
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Integrated Facebook ads into its
market strategy
Offered free samples through
their own page
Saw instant results
Gave away 25,000 samples in 3
days
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Type: Social Curating
“Humans process visual information much faster than
we process text.”-WSJ
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“The best thing on the business side about Pinterest is
that it makes it so easy for brands to humanize their
companies.”
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Type: Micro Blogging
A real-time interconnected information network
Launched in July 2006
Now boasts over 500 million users
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& Fashion
Fashion companies, designers and brands are able to be
“followed”
They tweet announcements and things relevant to their
marketing strategies
Offers the most “instant” form of marketing
“Customers can feel like they are part of the brand’s extended
family, and therefore the brand itself, while the interactive
element further deepens that relationship” -Alex Bolen, chief executive officer
of Oscar de la Renta.
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& Charlotte Ronson
Fashion designer based in NYC that uses Twitter
Successful in gaining attention and new customers
10% of traffic on her retail site originates on Twitter
93% are new visitors
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Type: Visual Social Networking
Brands can create personal
profiles and upload photos of
products or ones that relate to
their brand image
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In 2012, Levi launched a Instagram
campaign to cast their next models
for their new September Ads
#IAMLEVIS
“The new Levi’s collection was designed
with you in mind. And we would like you
to represent it”
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Pros of Social Media
Large reach
High frequency
Immediacy
Cheap
Measurable feedback
Creating transparency
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The Cons
Too focused on “immediacy”
Can lead to some marketing
disasters that are in plain view of
the public
Some companies can over-do it
and become overbearing
Lack of feedback control
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& Social Media
“The viral marketing capabilities of re-
tweeting by a targeted group is
something an advertising budget
cannot buy.”- reps of DvF
In 2010, DvF pushed for a greater
social media presence
On Twitter and FB
DvF the Blog
Results: Online traffic to their
home site increased 13% along
with sales
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& Social Media
Creating a “Buzz”
YoutTube page has categories including
H&M Conscious
H&M Life- Fashion Inspiration
David Beckham Bodywear for H&M
H&M Fashion Events
H&M Campagins
H&M Guest Designers Collaborations
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What’s Next for Social Media??
F-Commerce
It can be defined as any sale that takes place on Facebook with
the help of applications on Facebook business pages
Great way for fashion companies to increase sales
IF they execute it correctly
Only 26% of consumers think Facebook storefronts are secure
against fraud
Analysts say F-Commerce will become a $30 billion industry by
2015
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What’s Next??? Social Care
Customer service through social media
“Today’s customers choose when and where they voice their
questions, issues and complaints. They don’t care if a company
is set up to answer customer questions on Facebook, or if it
has an actual Twitter handle for customer service.”- Gadi BenMark,
VP of NM Incite’s Advisory division
Karr, Arnold J. "Social Media Set to Quicken Marketing Pace." Women's Wear Daily, 27 Feb. 2013. Web. 21 Mar. 2013. <http://www.wwd.com/retail-news/trends-analysis/social-media-set-to-quicken-marketing-pace-6807746>.
LINK
Strugatz, Rachel. "Social Media's Impact on Spring." Women's Wear Daily. N.p., 12 Nov. 2012. Web. 21 Mar. 2013. <http://www.wwd.com/accessories-news/footwear/social-medias-impact-on-spring-6480704>.
Lockwood, Lisa. "Consumers Turn to Social Media for Customer Service." Women's Wear Daily. N.p., 26 Oct. 2012. Web. 21 Mar. 2013. <http://www.wwd.com/media-news/digital/consumers-turn-to-social-media-for-customer-service-6455590 >.Edwards, Chas. "People Like Images More Than Words In Branded Content." All Things D. Wall Street Journal, 22 Mar. 2013. Web. 24 Mar. 2013. <http://allthingsd.com/20130322/smile-people-like-your-picture-more-than-your-words/?KEYWORDS=social+media>.