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Social media presentation

  1. + Social Media Teddy Lord and Liz Leinbach
  2. + What is Social Media? “Social media is the collective of online communications channels dedicated to community-based input, interaction, content-sharing and collaboration.”
  3. + Every Minute of the Day:
  4. + Types of Social Media  Forums  Micro Blogging  Social Networking  Social Curating
  5. + Consumer Data
  6. + 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
  7. + 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
  8. +  Type: Social Networking  A social networking service site  Launched in February 2004  Now boasts over 1 billion users
  9. + & 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
  10. +  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 &
  11. + &  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
  12. +  Type: Social Curating  “Humans process visual information much faster than we process text.”-WSJ
  13. +  “The best thing on the business side about Pinterest is that it makes it so easy for brands to humanize their companies.”
  14. +  Type: Micro Blogging  A real-time interconnected information network  Launched in July 2006  Now boasts over 500 million users
  15. + & 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.
  16. + & 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
  17. +  Type: Visual Social Networking  Brands can create personal profiles and upload photos of products or ones that relate to their brand image
  18. + Luxury brands including Gucci, Burberry, and Tiffany& Co. are widespread on Instagram
  19. + &  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”
  20. + Pros of Social Media  Large reach  High frequency  Immediacy  Cheap  Measurable feedback  Creating transparency
  21. + 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
  22. + & 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
  23. + & 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
  24. + 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
  25. + F- Commerce
  26. + 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
  27. +
  28. + Bibliography  Young, Vicki. "Coach Reaches New Audiences Through Social Media." Women's Wear Daily. N.p., 14 Feb. 2013. Web. 21 Mar. 2013. <http://www.wwd.com/media-news/digital/coach-reaches-new-audiences-through-social-media-6752622>.  Rouse, Margaret. "Personal Computing Glossary: Social Media." Whatis.com. N.p., n.d. Web. 24 Mar. 2013. <http://whatis.techtarget.com/definition/social-media>.  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>.  Naughton, Julie. "FIT Panels Discuss Evolving Digital Landscape." Women's Wear Daily. N.p., 7 Mar. 2013. Web. 21 Mar. 2013. <http://www.wwd.com/beauty-industry-news/fragrance/fit-panels-discuss-evolving-digital-landscape-6835928>.  Carr, Kelby. "Top Five Pinterest Business Etiquette Mistakes Brands Make." Fourth Source. N.p., 20 Mar. 2013. Web. 22 Mar. 2013. <http://www.fourthsource.com/social-media/top-five-pinterest-business-etiquette-mistakes-brands-make- 13547>.  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>.  Prabhakar, Hitha. "How the Fashion Industry is Embracing Social Media." Mashable. N.p., 13 Feb. 2012. Web. 24 Mar. 2013. <http://mashable.com/2010/02/13/fashion-industry-social-media/>.  Bacon, Jason. "Impact of Social Media on Marketing Industry." Fourth Source. N.p., 23 Aug. 2011. Web. 22 Mar. 2013. <http://www.fourthsource.com/social-media/impact-of-social-media-on-marketing-industry-3515>.  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 >.

Notas do Editor

  1. http://www.digitalbuzzblog.com/infographic-social-media-statistics-for-2013/
  2. Karr, Arnold J. &quot;Social Media Set to Quicken Marketing Pace.&quot; Women&apos;s Wear Daily, 27 Feb. 2013. Web. 21 Mar. 2013. &lt;http://www.wwd.com/retail-news/trends-analysis/social-media-set-to-quicken-marketing-pace-6807746&gt;.
  3. LINK
  4. Strugatz, Rachel. &quot;Social Media&apos;s Impact on Spring.&quot; Women&apos;s Wear Daily. N.p., 12 Nov. 2012. Web. 21 Mar. 2013. &lt;http://www.wwd.com/accessories-news/footwear/social-medias-impact-on-spring-6480704&gt;.
  5. Lockwood, Lisa. &quot;Consumers Turn to Social Media for Customer Service.&quot; Women&apos;s Wear Daily. N.p., 26 Oct. 2012. Web. 21 Mar. 2013. &lt;http://www.wwd.com/media-news/digital/consumers-turn-to-social-media-for-customer-service-6455590 &gt;.Edwards, Chas. &quot;People Like Images More Than Words In Branded Content.&quot; All Things D. Wall Street Journal, 22 Mar. 2013. Web. 24 Mar. 2013. &lt;http://allthingsd.com/20130322/smile-people-like-your-picture-more-than-your-words/?KEYWORDS=social+media&gt;.
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