The Business Implications of Social Media Marketing
In today’s competitive arena, marketing is the essential aspect for every organisation to identify, anticipate and satisfy customer requirements profitably as well as to achieve organisational objectives. Different companies are adopting different types of marketing strategies according to the type & size of the organisation, their products and services and existing competition in the market place. There are mainly two types of marketing strategies that are used by the different organisations.
• Outbound Marketing: Outbound marketing includes insides sales, telemarketing, trade shows, seminars, print advertisement, direct mail/e-mail, etc. With Outbound marketing the marketers try
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On the following different ways, the social media marketing can help the business organisation to grow.
➢ Using podcasts, blogs, references, online audios and videos, messages boards, posts and comments on social networking sites the specific companies can reach to the mass target audience
➢ Taking an advantage of social media marketing, companies or business individuals simply forms an advertisement that reaches out to the wider target audiences in quick, attract more customers and enhance customer retention at convenient and inexpensive method
➢ Small-medium enterprises can afford to promote their products and services on the internet with less capital investment
➢ Social media marketing plays a role of direct marketing and creates a business too
➢ It allows people to participate and contribute each other in interactive communities, though company can increase its chance to attracting more clients to come into company’s site and to take a look at what the company is offering
➢ It helps the company to get best research engine ranking
➢ Social media marketing is direct, open and transparent, so more number of people view the brand of the company; enhance brand image of the company in the market
➢ It helps company to establish strong relationship with targeted clients
➢ Social media marketing helps marketers to know about
Social media is different from more traditional marketing tactics as it offers a free platform that is easily accessible to anyone with internet access. This allows for the increase communication for organizations to foster brand awareness and often, and
It is interesting how social media today is influencing the marketing role of many companies and how it’s playing a big role in their success. The more the company advertises on social media, the
Social media marketing is relatively new to the ?integrated marketing communications systems of several public and private businesses.? (Mercadal, 2013, para. 2) Social media is used by almost sixty-six percent of American adults. (Lanham, 2016) Integrated marketing communications try to connect companies and other organizations with their target audience. (Mercadal, 2013) Therefore, social media marketing strategically looks at demographics of the audiences in each social media platform and use the platforms that match the audience who would be interested in products or services sold. (Smith,
Social media gives you the amazing potential of finding your target market and sell directly to them in a mutually satisfying relationship. Social media is also a great place to watch and learn from your competition and your industry.
We use all important and relevant social media marketing strategies to help businesses grow and exceed their goals.
Clever marketers already know about this benefit which is one of the reasons why they were the first ones to use social media. Research has shown that by creating social media strategies small businesses are creating new ways to connect with their customers. A recent survey revealed that the best benefits of social media marketing are producing more business publicity, increasing traffic, and increasing search engine rankings. All of these benefits are particularly imperative for small businesses with reduced capital as the owners frequently have many positions in the company and consequently have many requests. Social media can play a major part in helping small business owners save money and cost by forming a way to accomplish many assignments at the same time making sure that business operations are efficient and finances are taken care of. (Schaupp and Belanger 187). The most important economic factor in social media marketing is the time it takes to understand the benefits of all of the hard work. Nevertheless, advertising costs could possibly be decreased or removed by taking advantage of using social
Social media is a necessary component for businesses in order to expand their market. By using the right social media tactics it will bring company enormous benefits. Not all companies can find the right platforms or method at the first time, but when use it more frequently, you will find the best way to market the company. I believe social media will be more advanced in the future and it will become a main tool for businesses to
The use of social media has a very wide variety of advantages and disadvantages for companies. In essence it’s an extremely cheap way to reach consumers, and help them develop a brand perception. Companies can use it to hit a wide audience, and show them about a new product, or deal going on. They can also use social media to develop conversations with their consumers. This can positively shape thoughts and ideas about the brand. Also companies can use analytic services figure out the demographics of who is interested in their
The term social media marketing describes the usage of blogs, online communities or social networking sites like Twitter or Facebook for marketing, sales, customer service and public relation in order to engage online
In recent years, social media has had a huge impact on people. The number of people who use social media has dramatically increased over the years which has basically stemmed from the innovation of technology that allows people to conveniently use their smartphones which can connect to the internet anytime and anywhere (Singla and Arora, 2015). Owing to the innovation of technology, the businesses have developed their capabilities by bringing in social media as one of the strategies to strengthen their power in marketing their products and services to differentiate themselves from their competitors (Hamidi and Safabakhsh, 2010).
Today, many businesses are experiencing the effects of social media. Government, businesses, and communities interact through social media and use it to access their investors and potential customers. According to Donovan (2016), “Most types of businesses today make use of different tactics and techniques to make a significant exposure of their website to its target customers.” The goal is to use social media to maximize their potential in order to be one of the strongest participants in the business world.
One of the pros of Using social media for marketing is it can enable small business reach to more customers through interacting with their brands and reduce cost of advertising which is another pros for small business and if it implemented correctly, marketing using social media tools can bring extraordinary success to the small business.
Social media marketing is the application of marketing knowledge, methods, and dimension of raising social and economic needs Lazer and Kelly’s (1973). It surpasses the traditional means of business, businesses can now be heard and visible and given a platform to communicate with customers like never. Marketing is a management process that identifies, supplies, and presumes customers needs or requirement and want. Social media marketing is a platform that helps regenerate an organization marketing techniques. It helps create a new perception about the company’s product and the vital marketing programs and create a method to become an edge in the online business world. Businesses can benefit from social media through reduction of cost by reducing staffs working hours and increase revenue. Social media marketing the fastest means of get words out about a business or product, that is why eventually all business are buying the initiative. Most marketers who are already established in the new social media initiative are beginning to implement their own tactics which has brought social media to a greater height than it was before. These popular websites could be a great approach for companies and customers to improve their communications by applying them in computers and mobile devices. Social media marketing is a term not really known by lots of persons. Lots of companies go into it not knowing the risks or opportunities involved. Social media marketing is very beneficial for
Social media marketing is a way for the marketer or business to develop a relationship with the consumer. Before a consumer will buy from a business they want to like and trust them. Now with social media sites, such as Facebook and twitter, businesses can reach out to an immense amount of people. Currently Facebook has 968
One of the most effective means of marketing online is to utilize social media. Social media sites are more beneficial that simply operating and utilizing a corporate web site, because they are places where people go to congregate virtually. As such, there is a high level of traffic on social media web sites that savvy organizations know how to exploit to their advantage. One of the most important aspects about marketing via social media is to recognize what sorts of web sites have the biggest audiences and which prove to be the most efficacious in terms of promoting a particular product or brand.