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Social media for advertisement
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Social media for advertisement

  1. 1 An analytical study on the use of social media for the purpose of advertisement Submitted by Kandarp Prajapati 138070592121 Jigar Thakur 138070592160 Sal institute of management Submitted to:- Prof. Shakunt jadav
  2. 2 INTODUCTION
  3. 3 Social media marketing is the process of gaining website traffic or attention through social media sites. Social media marketing programs usually center on efforts to create content that attracts attention and encourages readers to share it across their social networks. The resulting electronic word of mouth (eWoM) refers to any statement consumers share via the Internet (e.g., web sites, social networks, instant messages, news feeds) about an event, product, service, brand or company. When the underlying message spreads from user to user and presumably resonates because it appears to come from a trusted, third-party source, as opposed to the brand or company itself, this form of marketing results in earned media rather than paid media. Social networking websites allow individuals to interact with one another and build relationships. 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 & advertising. Social networking sites act as word of mouth. Social networking sites and blogs allow followers to “retweet” or “repost” comments made by others about a product being promoted. 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.
  4. 4 Through social networking sites, companies can interact with individual followers. This personal interaction can instill a feeling of loyalty into followers and potential customers. Also, by choosing whom to follow on these sites, products can reach a very narrow target audience. Social networking sites also include a vast amount of information about what products and services prospective clients might be interested in. Through the use of new Semantic Analysis technologies, marketers can detect buying signals, such as content shared by people and questions posted online. Understanding of buying signals can help sales people target relevant prospects and marketers run micro- targeted campaigns. In order to integrate Social Networks within their marketing strategies, companies have to develop a marketing model. In a marketing model (SNeM2S) based on Social Networks is provided. The model includes the following steps: • selection of potential Social Networks to use; • definition of a financial plan; • definition of organisational structures to manage the Social Network in the market; • selection of target; • promotion of products and services; • performance measures Social Networking is used by 76% of businesses today. Business retailers have seen 133% increases in their revenues from social media marketing. Social network advertising, also social media targeting is a group of terms that are used to describe forms of Online advertising that focus on social networking sites.
  5. 5 One of the major benefits of advertising on a social networking site (e.g. Facebook, Myspace, Friendster, Bebo, Orkut, etc.) is that advertisers can take advantage of the users demographic information and target their ads appropriately. Social media targeting combines current targeting options (like geotargeting, behavioral targeting, socio-psychographic targeting, etc.), to make detailed target group identification possible. With social media targeting, advertisements are distributed to users based on information gathered from target group profiles. Social network advertising is not necessarily the same as social media advertising. Social media targeting is a method of optimizing social media advertising by using profile data to deliver advertisements directly to individual users. Social media targeting refers to the process of matching social network users to target groups that have been specified by the advertiser. MARKETERS promoting their products online have followed a fairly standard arc historically, first buying digital ads and building their own Web sites in the early years of the Internet, and more recently amassing followers on social networks like Facebookand Twitter. Now, companies increasingly are running online ads that focus less on pitching their products than promoting their Facebookpages and Twitter accounts.
  6. 6 One of the main purposes in employing Social Media in marketing is as a communications tool that makes the companies accessible to those interested in their product and make them visible to those who have no knowledge of their products. These companies use social media to create buzz, 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 amount of monthly users, The visual media sharing based mobile platforms however, garner 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. Unlike traditional media that are often cost- prohibitive to many companies, a social media strategy does not require astronomical budgeting. To this end, companies make use of platforms such as Facebook, Twitter, YouTube and Instagram in order 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 no cost.
  7. 7 This has changed the ways that companies approach 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. 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.
  8. 8 TYPES OF ADVERTISEMENTS:-  Online Advertising Posting ads on websites that receive heavy traffic is one way to get the word out about your business. Social networking sites such as Facebook or MySpace have advertising programs with ads tailored to a particular demographic. These ads show up only next to profiles that meet the specifications of your product's target market. You can also use the Google Ad Words service to postonline ads.  Email marketing Email marketing is directly marketing a commercial message to a group of people using email. In its broadest sense, every email sent to a potential or current customer could be considered email marketing. It usually involves using email to send ads, request business, or solicit sales or donations, and is meant to build loyalty, trust, or brand awareness.
  9. 9 Broadly, the term is usually used to refer to sending email messages with the purpose of enhancing the relationship of a merchant with its current or previous customers, to encourage customer loyalty and repeat business, acquiring new customers or convincing current customers to purchase something immediately, and adding advertisements to email messages sent by other companies to their customers.  Newspaper Ads A traditional form of advertising, daily and weekly newspaper ads allow you to target specific geographic neighborhoods. Attaching an incentive, such as a coupon, to the ad can help track the ad's effectiveness. Purchasing an ad in a section relevant to your business -- for example, a home improvement business ad in the home and garden section -- can also help you to reach target clients.  Radio Advertising A catchy jingle and quick tag line can enhance a radio ad's effectiveness. Matching the station you choose with your target demographic is key. If you want to reach adults aged 35 to 64, an adult contemporary station is a good bet. An alternative or urban station is good to reach youth aged 18 to 24. At the time of publication, radio ad provider Strategic Media reports that those who buy products in response to a radio ad spend an average of $148 per purchase, compared to an average of $98 for television infomercials.
  10. 10  Television Advertising Television ads on local stations might require time and effort to produce, but can be especially effective if you sell a product or service with a high price point. At the time of publication, strategic Media states that a TV ad can cost $50,000, while a radio ad will cost only $1,500. However, you can justify the difference if a TV ad can reach customers who would not respond to radio.  Public Speaking If the product you sell relates to your own expertise, public speaking can be a great advertisement. Offer your services to organizations that could benefit from one of your workshops or lectures. Bring business cards and promotional materials to the event to encourage your audience to spread the word about your services.  Door Hangers and Flyers Canvassing the neighborhood, placing flyers in mailboxes or hanging ads on doorknobs, is a good way to target a specific area and to make sure your potential customers have seen your information. Even if most homeowners will discard the information, gaining a handful of clients may be enough for a positive return on the marketing campaign investment.
  11. 11  Event Sponsorship Advertising your product or service through event sponsorship can take many forms. You might receive an acknowledgement in the event program, have an on-site location where you can give out sample product, or your company logo might appear on the event posters. One option for events that require a hand-stamp for entry is to provide the venue with a stamp that bears your company logo; the attendees will then have your logo close by for a day or two afterwards.  Word-of-Mouth Advertising A non-traditional form of advertising, word-of-mouth advertising involves hiring people to talk about your product or service in a public place in a way that other people overhear them. Hired marketers can go into coffee shops in pairs and talk audibly about your bike shop on 3rd Avenue or your door-to- door leaf blowing service. The campaign is effective if the essential information needed to send clients to your business is simple and easy to slip into conversation
  12. 12 Blocking/Ignoring of advertisements When most people think about the size of the internet, they think in terms of the number of unique people online. Research reports talk about how many people, what devices they use (hint: lots of smartphones), their connection speed, and if they are wired or wireless. The punchline -- pretty much every consumer in the U.S. is online, and those that aren't now are likely never going to be. As a developed economy, we're pretty damn close to complete saturation. All that misses perhaps the most disruptive point about what's truly happening -- it's the choices that those consumers have that are throwing the whole media ecosystem into convulsions. It's those choices that drive Facebook to spend $19 billion on a text-messaging app. It's those choices that make a large and profitable company like Yahoo worth a negative $10 billion. Today there are more than 1 billion registered domains, or websites, on the internet. Inside those websites are countless articles, videos, photos, and status updates. About 20 percent of all registered websites are "active," meaning a human being has visited these sites at least once in the prior 30 days. That's 200 million active websites, or choices, and that doesn't even begin to touch on how many pieces of content are inside those active websites.
  13. 13 Over the past several years, marketers have become increasingly sophisticated in accessing and using data about consumers to purchase ads more efficiently and at an obscenely good ROI. Publishers reacted predictably as economics ebbed. These publishers began by a) bluntly refusing to embrace programmatic advertising by assuming, incorrectly, that this would solve the fragmentation problem and b) starting to add more ad slots and formats to their pages to keep RPMs consistent with declining ad prices. The first action put the publishers at an increasing disadvantage when it came to understanding and leveraging data to balance the economic equation. And the second action simply added to the glut of supply, making the first problem worse. Perhaps it's ignorance, or perhaps because each stakeholder is acting solely in its own best interest -- but in either case, consumer attention is fragmenting and therefore waning. And as we all know, attention is the crucible for effective marketing. Consumers today are inundated with ads. Some are neat little standard squares or rectangles, some are "native" masquerading as content, and some exploit voyeuristic attention-bait lists and links. As an individual consumer, it's getting harder to find the actual content. More ads in more forms obviously mean more options for advertisers, but the attention fragmentation of today's internet means they must come with lower prices paid to achieve a reasonable ROI. That might sound good to a marketer acting in a short run self interest, but it risks spoiling the fertile soil of engagement and quality content.
  14. 14 TYPES OF SOCIAL MEDIA:- Twitter Twitter allows companies to promote their products in short messages limited to 140 characters which appear on followers’ home pages. Messages can link to the product’s website, Facebookprofile, photos, videos, etc.
  15. 15 Facebook Facebook pages are far more detailed than Twitter accounts. They allow a product to provide videos, photos, and longer descriptions, and testimonials as other followers can comment on the product pages for others to see. Facebook can link back to the product’sTwitter page as well as send out event reminders. A study from 2011 attributed 84% of "engagement" or clicks to Likes that link back to Facebookadvertising.
  16. 16 Google+ Google+, in addition to providing pages and some features of Facebook, is also able to integrate with the Google search engine. Other Google products are also integrated, such as Google Adwords and Google Maps. With the development of Google Personalized Search and other location-based search services, Google+ allows for targeted advertising methods, navigation services, and other forms of location-based marketing and promotion. Google+ can also be beneficial for other digital marketing campaigns, as well as social media marketing. Google+ authorship was known to have a significant benefit on a website's search engine optimisation, before the relationship was removed by Google. Google+ is one of the fastest growing social media networks and can benefit almost any business.
  17. 17 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 using different job portals.
  18. 18 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.
  19. 19 Foursquare Foursquare is a location based social networking website, where users can check into locations via a Swarm app on their smartphones. Foursquare allows businesses to create a page or create a new/claim an existing venue. A good marketing strategy for businesses to increase foot traffic or retain loyal customers includes offering incentives such as discounts or free food/beverages for people checking into their location.
  20. 20 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 Stern School of Business, latest studies estimate that 93 percent 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.
  21. 21 Many brands are now heavily using this mobile app to boost their visual 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 smart phone users. Moreover, it can be accessed by 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. Many big names have already jumped on board: Starbucks, MTV, Nike, Marc Jacobs, Red Bull are a few examples of multinationals that adopted the mobile photo app early. 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 percent 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. Another option Instagram provides the opportunity for companies to reflect a true picture of the brand through the perspective of the customers, for instance, using the user- generated contents thought the hashtags encouragement. 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.
  22. 22 YouTube YouTube is another popular avenue; advertisements are done in a way to suit the target audience. The type of language used in the commercials and the ideas used to promote the product reflect the audience's style and taste. Also, the ads on this platform are usually in sync with the content of the video requested, this is another advantage YouTube brings for advertisers. Certain ads are presented with certain videos since the content is relevant. Promotional opportunities such as sponsoring a video is also possible on YouTube, "for example, a user who searches for a YouTube video on dog training may be presented with a sponsored video from a dog toy company in results along with other videos. YouTube also enable publishers to earn money through its YouTube Partner Program.
  23. 23 SocialBookmarking Sites Websites such as Delicious, Digg, Slashdot 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. This process is crowd sourced, allowing 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, smaller website usually results in a flash crowd. 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
  24. 24 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. 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.
  25. 25 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 like Glassdoor enable employees to place evaluations of their companies. Some businesses opt out of integrating social media platforms into their traditional marketing regimen. There are also specific corporate standards that apply when interacting online. To maintain an advantage in a business-consumer relationship, businesses have to be aware of four key assets that consumers maintain: information, involvement, community, and control. Tumblr 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 through 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.
  26. 26 The ads, which have menu tabs and increasingly resemble mini-Web sites themselves, allow users to click within the ad to see a brand’s Twitter messages or Facebook wall posts in real time, or to watch a brand’s video content from YouTube — all without leaving the Web page where the ad appears. In a survey of 700 marketers from all over the globe, Wildfire App discovered that nearly all marketers find value from social media and that 75% of marketers plan to increase their media spending in 2012. The top two benefits highlighted by these marketers are increased brand awareness and the ability to engage in dialogue directly with their customers. This compares similarly to the 2011 Social Media Marketing Industry Report where we found 88% of marketers also indicated increased exposure to be the number-one benefit of social media marketing. Borrell Associates found that small- and medium-sized businesses (SMB) will double their social media advertising budget in 2012. That’s up to an estimated $2 billion in the U.S. alone. Over the last three years however with the gigantic boom in social media, a lot of firms have been slowly realizing the true power of social media when used wisely. The most effective ad agencies realize that it is not just about buying ad space, especially with this troubling economy, it is about being smart and realizing how to take advantage of the non-costly avenues that are available to you.
  27. 27 There are some simple ways for monitoring activity on social media platforms. Some obvious ways are internal methods such as monitoring Facebook likes, retweets on Twitter, basically tracking what your customers are interested in and changing what isn’t working. 1. SocialMention  Social Mention will allow you to track and measure who is talking about you, your company, your product, or any topic related to your industry. Social Mention pulls data from hundred + social media platforms to give you the most accurate, real-time information landscape in real-time. 2. TweetDeck  TweetDeck is an effective and useful tool that allows you to arrange feeds from all of your social networks in one place using the TweetDeck dashboard. You can also schedule tweets and set-up customizable feeds for your social search needs. Lists can also be created of the people you follow. These lists can allow you to manage different target groups you want to interact with and keep an eye on what’s being tweeted about.
  28. 28 3. Hootsuite  It’s easy to use and allows you to organize and execute campaigns across multiple social networks from one secure, web-based dashboard. Hootsuite enables organizations launch marketing campaigns, identify and grow audiences.  Key social network integrations include Facebook, Twitter, LinkedIn, and Google+ Pages, plus a suite of social content apps for YouTube, Flickr, Tumblr and more.  Hootsuite’s geo-location and geo- targeting can help get your business more seen on social media platforms. HootSuite also offers tools to help multiple collaborators be assigned to manage your social media accounts more securely. Analytics tools are also available on Hootsuite to get more of an insight into your businesses participation on social media platforms. 4. Twilert  Twilert is a Twitter monitoring application that monitors all mentions of your chosen keywords across the Twitter-sphere. What’s best about Twilert is that it doesn’t simply monitor @mentions or hashtags, but monitors all words within a tweet. So you will never miss out on anything you are searching for. It’s an easy platform to use for social analytics. You can sign in to Twilert with your Google or Twitter account. The keywords you search can be sent directly to your email address.
  29. 29  What’s great about Twilert as well is that you can do an advanced search for any topic. You can choose a particular geographical area. Maybe a certain target audience you haven’t quite targeted yet that you want to do some market research on, to see if your product or service meets their needs. You can search by peoples attitude either positive, negative or asking a question. This could be quite useful. See picture below to get a better understanding of the advanced search toolfor Twilert. 5. Sprout Social  Sprout Social lets you monitor your business & manage conversations with one simple marketing analytics tool. Publish & schedule updates across social channels with a single click. Manage teams, large social channels, tasks and assignments to make life a bit easier.  Sprout Social allows you to monitor your business efficiently and effectively and help manage&grow your social presence across different platforms. Sprout Social integrates with Twitter, Facebook Pages, LinkedIn, FourSquare and other networks where your target market could be engaging with businesses similar to yours. Other useful tools on Sprout Social are contact management, competitive insight, lead generation, analytics.  Sprout Social offers a thirty day free trial. So give it a try if you think it would be a useful analytics tool for your business.
  30. 30 6. Social Oomph  Social Oomph is a useful marketing tool especially for Twitter. Twitter is an excellent way for a business to build relationships with customers and assist in retaining them as well.  There are different tools that will let you manage multiple Twitter profiles and you can configure lots of features such as Auto Direct Message, Auto Follow and Auto unfollow.  If it’s suitable for your business then I would suggest sending an auto direct message to all your new followers. You have more than likely been sent one by someone you have followed. Here an example: Thanks for connecting here on Twitter, will love to see you on Facebook[Link]  Twitter users will usually follow you because you follow them back and later on if they unfollow you. Social Oomph’s Twitter auto unfollow tool will come in handy to help clean up your newsfeed. 7. Sysomos  Sysomos another great social media analytics tool for businesses. Sysomos is the greek word for “everything together “. You will be provided with intelligence and insights needed to measure results and ultimately make decisions on what’s working and what’s not working.
  31. 31  Sysomos collects data from blogs, Twitter, social networks, messages, boards, wikis and major news sources. Sysomos give you the ability to notice the tone of conversations and identify opinions by gender, age and location.  Some of Sysomos’ products include: Heartbeat, a social media monitoring and measurement tool. Heartbeat provides constantly updated snapshots of social media conversations delivered using a variety of user-friendly and intuitive graphics. Sysomos MAP, and Traffic Analytics. You can request a demo here. 8. Brand Monitor  Brand Monitor is an easy-to-use social media monitoring and engagement platform. Brand Monitor provides a powerful blend of consumer brand choice, multi-dimensional insights and relative acumen. A dashboard is available for you to view weekly trends, reaction meter, posts volume, reaction graph and top referrals. A graph with positive and negative response trends for the past month can also be viewed.  Sentiments can be manually updated and Brand Monitor is capable of learning this and using this information to assign sentiment for future posts. An email can be sent to you daily, weekly and monthly that will keep you updated. Dashboard Charts and other data can be easily exported into an editable Excel sheet or CSV file.
  32. 32 9. Google Alerts  Google Alerts is another effective monitoring system to analyse social media. You can track anything you want. It can be a useful way for finding out what’s being said about you or your company. You can keep track of articles you write under your name; monitoring the competition or simply to keep up to date on any given topic.  You can set up Google Alerts to monitor certain keywords, such as your blog name, your business name and your personal name, and you will receive an e-mail any time they find those keywords in their search. With Google Alerts, you can be instantly notified when and where any bad content was placed on any social media platform and be able to respond accordingly.  It is essential for every organization to monitor and track what is being said about them. It is especially important to interact with customers through social media platforms and analyse any areas of their social media platforms that need to be improved and essentially keep up to this on this very fast paced environment.
  33. 33 LITERATURE REVIEW
  34. 34 (Trusov, Bucklin, & Pauwels, 2009), (Akrimi & Khemakhem, 2012). In recent years, social networking sites and social media have increased in popularity, at a global level. For instance, Facebook is said to have more than a billion active users (as of 2012) since its beginning in 2004 (www.facebook.com). Social networking sites can be described as networks of friends for social or professional interactions. Indeed, online social networks have profoundly changed the propagation of information by making it incredibly easy to share and digest information on the internet. (Mangold & Faulds, 2009)The unique aspects of social media and its immense popularity have revolutionized marketing practices such as advertising and promotion (Hanna, Rohm, & Crittenden, 2011). Social media has also influenced consumer behavior from information acquisition to post-purchase behavior such as dissatisfaction statements or behaviors and patterns of Internet usage. (Kaplan & Haenlein, 2010) Social media is ‘‘a group of internet based applications that builds on the ideological and technological foundations of Web 2.0, and it allows the creation and exchange of user-generated content’’. Social media has many advantages as it helps connect businesses to consumers, develop relationships and foster those relationships in a timely manner and at a low cost.
  35. 35 (Williams & Cothrell, 2000) Other functions of social media involve affecting and influencing perceptions, attitudes and end behavior, while bringing together different like-minded people (Hagel & Armstrong, 1997). In an online environment, Laroche (2012) pointed out that people like the idea of contributing, creating, and joining communities to fulfill needs of belongingness, being socially connected and recognized or simply enjoying interactions with other like-minded members. (Kaplan & Haenlein, 2010; Laroche et.al. 2012) The much higher level of efficiency of social media compared to other traditional communication channels prompted industry leaders to state that companies must participate in Facebook, Twitter, MySpace, and others, in order to succeed in online environments. Thus, more industries try to benefit from social media as they can be used to develop strategy, accept their roles in managing others’ strategy or follow others’ directions. (Mersey, Malthouse, & Calder 2010) Social media websites provide an opportunity for companies to engage and interact with potential and current consumers, to encourage an increased sense of intimacy of the customer relationship, and build all important meaningful relationships with consumers especially in today’s business environment when consumer loyalty can vanish at the smallest mistake, which can additionally have online propagation of their unfortunate encounter with a particular product, service, brand or company.
  36. 36 Some companies are beginning to take notice of the power of social media. A few corporate social networking websites already allow consumers to not only exchange information about products or services, but also engage in co-creating value in online experiences with offline outcomes, with both current and potential consumers. Vellido et al. (1999) investigated consumers’ opinion on online purchasing and online vendors that seem to consist of the underlying dimensions ‘‘control and convenience,’’ ‘‘trust and security,’’ ‘‘affordability,’’ ‘‘ease of use,’’ and ‘‘effort/responsiveness.’’ Using these dimensions as a segmentation base discerns seven segments: ‘‘unconvinced,’’ ‘‘security conscious,’’ ‘‘undecided,’’ ‘‘convinced,’’ ‘‘complexity avoiders,’’ ‘‘cost conscious,’’ and ‘‘customer service wary.’’ Starting from consumers’ motivations to use the Internet, McDonald (1996) segmented the Internet audience as ‘‘avid adventurers,’’ ‘‘fact collectors,’’ ‘‘entertainment seekers,’’ and ‘‘social shoppers.’’ Also, Brengman et al. (2005) performed a cluster analysis based on seven factors, such as “Internet convenience”, www.ccsenet.org/ijbm International Journal of Business and Management Vol. 8, No. 14; 2013 “perceived self-inefficacy”, “Internet logistics”, “Internet distrust”, “Internet offer”, “Internet Window - shopping”.
  37. 37 RESEARCH METHODOLOGY
  38. 38 Introduction  “Marketing Research is the function which links the consumer, customer and the public to the marketer through information - information used to identify and define the marketing opportunities and problems; generate, refine and evaluate marketing actions; monitor marketing performance; and improve understanding of market as a process.”  Marketing research specifies the information required to address these issues; designs the method for collecting information; manages and implements the data collection process; analyses the results; and communicates the findings and their implications. My marketing Research is on customer satisfaction.  However, there are also some limitations of marketing research like it is not exact science and is too faulty and superficial in industry. Research Design  The research design for this study is Descriptive research.  Descriptive research, also known as statistical research, describes data and characteristics about the population or phenomenon being studied. Descriptive research answers the questions who, what, why and how.
  39. 39 Data collection Method: • Researcher instruments is the tool by which the researcher can do research on specific problems or objective. The most popular researcher instrument for collection data is “Questionnaire” for a particular investigation. • It is simple for a moiled set of questions presented to respondents for their answers. Due to this flexibility, it is most common instrument used to collect the primary data. • During the pre-testing of questionnaire, I seen the reaction of respondents and suggestions required to make change in research instrument. The questionnaire contains three types of questions. (A) Dichotomous question (B) Multiple-choice question (A) Dichotomous questions:  It has only two answers in form ‘yes’ or ‘no’, ‘true’ or ‘false’, ‘use’ or ‘do not use’. So the respondentis offered two or more choice.
  40. 40 (B) Multiple-choice question:  In this, the respondent is offered two or more choice. Here we use Questionnaire .This is the most popular method for conducting the survey. It helped in collecting the information from the framed question, to get maximum necessary data for research. Sampling Plan:  Sample area: Ahmedabad City  Sample Size: 200  Sampling method: Random Convenience Sampling Method. ResearchObjectives:  To know the impact of social media advertisement.
  41. 41 Source of Data: (A). PRIMARY DATA (B). SECONDARY DATA (A) Primary Data:  Data which are collected at first hand is primary data for collecting primary data, There are four methods i.e. observation method, laboratory experiment method, field experiment method and survey method. The questionnaire should be designed well so the study becomes easy. It can be done through personal interview, telephonic interview and mail questionnaire method. (B) Secondarydata:  Any data which have been gathered earlier for some other purpose are secondary data in the hands of the data in the hands of the marketing researcher. Thus, primary data collected by one person may become the secondarydata for another.  secondary data should not be outdated. The sources of the secondary data are accounting records, sales force reports, internal experts, other responds of company and government publications, none-government and organizations publications etc.  Internet  News papers
  42. 42 Advantages:-  Advertisers can reach users who are interested in their products  Allows for detailed analysis and reporting (including Business Intelligence)  The information gathered is real, not from statistical projections  Does not access IP-Addresses ofthe users Disadvantages:- 1. The wrong online brand strategy could put you at a viral social disadvantage and may even damage your reputation, i.e, when you make a mistake offline, a few will know but when you make a mistake in front of hundreds or thousands of you online audience, most of them will know! 2. Using social media for marketing and advertising could be more time consuming than companies expect. 3. In order to get social media’s full effect, you need to understand how it works, when and how to use it and which channels to focus on depending on your end goal of using social media. 4. Social media can have a negative influence on worker productivity. Employees may waste valuable time using social media channels such as Facebook and Twitter. They can also use social media to attack the company’s reputation! 5. When social media is used excessively or in the wrong way, it could have serious detrimental outcomes on both mental and even physical health of individuals.
  43. 43 Questionnaire:- Q.1 Age  16-25 years  26-35 years  36 and more Q.2 Qualification  Undergraduate  Graduate  Postgraduate Q.3 Employment detail  Privet employee  Government employee  Businessman  Student  Housewife  Professional Q.4 Are you aware about any socialnetworking websites where you can make a friends and socialize?  Yes  No  Don’t know
  44. 44 Q.5 which of the following websites are you aware of (can tick one or more)  Face book  LinkedIn  Twitter  Google +  Tumblr  Other _____________________ Q.6 Are you a registeredmember of social networking websites?  Yes  No Q.7 Which of the following websites you a registeredmember are of (can tick one or more?  Facebook  Linkedin  Twitter  Google +  Tumblr  Other Q.8 How long have you being using socialnetworking websites?  Less than 1 month  1 Month to a year  1-2 years  2 years or more
  45. 45 Q.9 How many hours a week do you spend on socialnetworking websites?  0-5 hours  6-10 hours  11-20 hours  21-30 hours  30 hours and more Q.10 Do you notice any offer/advertisementfor products/services ona social networking site?  Yes  No Q.11 Do you like to receive information on new products/offers services via advertisements on socialnetworking site?  Yes  No Q-12 which type of advertisements contentyou like to view on websites?  Fitness  Discount offers  Sports  Lifestyle products
  46. 46 Q-13 Do you block any advertisements on any socialmedia/ websites if the content is not as per your interest/ likings?  Yes  No Q-14 would you registeryourself to any websites and make payments for the blockings of inappropriate advertisements?  Yes  No Q-15 The advertisements on which type of websites do you find more interesting and involving?  Social media  Personal websites  Blogs  Online directories  E-commerce websites
  47. 47 Q.16 Have you ever purchased any service/products onthe basis of information you receivedthrough a socialnetworking website?  Yes  No Q-17 Give your reviews for questions below. Strongly agree Agree Neutral Disagree Strongly disagree Advertisements are an intrusion to privacy Comfortable in receiving ads relatedto the interest Notice the ads if they state benefits Information received via advertisements keep up to date Share information received from advertisements with family/friend Ads helps in choosing products/services
  48. 48 Q.18 as a mode of communicating marketing updates, an advertisements on social networking websitesis  Informative  Redundant  Convenient  Intrusive  Short on details  Compactand relevant detail
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