The Ins And Outs Of Lloyds Banks Current Social Media Strategy Essay

Social media being an ever growing industry, companies have incorporated their marketing and strategies to better their businesses. We explore that the reasons for the importance of incorporating this is: The daily use of handheld devices to access social media on a daily basis amongst computer use, Big data: online tracking produces oceans of data, challenging business analytics programs, Twitter, Facebook, and Pinterest

One of the key roles of social media from a marketing perspective is the development of a client based platform. It is becoming an increasingly important part of any business’s marketing. Businesses can utilize existing online platforms to build networks of current and potential clients. By being active online allows businesses to connect with their customers in innovative ways to become a trusted source of information and convey the passion they have for their industry.

Social Media are websites that enables to share content or to participate in Social Networking. It is a huge medium that the crowd use to communicate, share thoughts and at the same time to have business strategy.

Social media is the social interaction among people in which they create, share or exchange information and ideas in virtual communities and networks. Social Media is also referred to mobile and web-based applications that allow organisations and individuals to create, engage and share new user-generated or existing contents in digital environments through multi-way communications.

Moving forward, social media has been a major convenience and reward to virtually everyone. On an individual basis, social media allows friends and family both near and far to communicate with one another. Also, businesses are flourishing through the use of social media. Advertising has never been easier. Horn (2013) states, “Our profession, unlike any time before, is demanding we become social media (…) experts” (1). Horn (2013) also states, “More than half of reporters (55 percent) use Twitter and Facebook to source stories” (1). Social media has greatly benefited business life and personal life.

Social media can be a form of communication. Social media refers to the means of interactions among people in which they create, share, and/or exchange information and ideas in virtual communities and networks. Social media is about conversations, community, connecting with the audience and building relationships. It is not just a broadcast channel or a sales and marketing tool. There blogs, blogs are platforms for casual dialogue and discussions on a specific topic or opinion. There is also Facebook, Facebook is The world’s largest social network, with more than 1.55 billion monthly active users. Users create a personal profile, add other users as friends, and exchange messages, including status updates. There is also Twitter, Twitter is a social networking/micro-blogging platform that allows groups and individuals to stay connected through the exchange of short status messages. Finally there is also Instagram, Instagram is a free photo and video sharing app that allows users to apply digital filters, frames and special effects to their photos and then share them on a variety of social networking sites. There are many more social media apps but these are like the main ones.

Social media has now become a part of our modern day society and has a huge impact on our lives on a daily basis. Social media is the use of web and mobile-based technology to support interactive content. This content tends to be user generated and then might be promoted by other users to a new outlet or audience. Social Networking is a great

Marketing is continuously changing and growing within the business field. Recently, social media is becoming one of the main marketing strategies used by companies, which is known as social media marketing. Twitter, Facebook, Instagram, YouTube, and blogs are some of the platforms used in this area of marketing. These types of social media allow consumers to be updated by following their favorite companies. It is not a surprise companies are starting to regularly use this form of marketing due to the role social media has in today's society. Social media does, however, impact a company in a multitude of ways. There is much debate on whether companies should or should not use social media to market themselves. Even though there are some flaws

As a result, many business organizations which are already exixting as well as startups are capitalizing heavily on social media in the establishment of market segments and growing their businesses. Social media has also transformed business communication in corporate practices with feedback being real time thereby enhancing handling consumer needs.

Social media has had a significant impact on society in the past few years. It provides free communication to family members, old college friends and networking opportunities. Social media is constantly improving, constantly changing, and adapting to what the consumer wants. Social is a medium that business can also tap into free advertising, brand awareness and a customer service platform. Social media plans for a company needs to have a goal that can be measured. The fast pace of change and frequent emergence of new social platforms and tactics means you need to define your priorities and stay disciplined in pursuit of those priorities (Funk, 2013).

The purpose of this report is to show that even though some state that Social Media has fallen short of their expectations, it is actually good for business, given that it enhances the visibility of their brand and helps businesses stay connected to potential customers.

Social media can be defined as websites and applications that enable users to create and share content or participate in social networking. As a phenomenon of only the past couple of decades, it has certainly changed the way we live our everyday lives. Whether socially or professionally, it opens the door to incredible amounts of information; most of which is freely shared.

The use of social media to support business objectives is already a popular strategy among business organizations, especially those that recognize social media has a useful tool for establishing and maintaining profitable relations with the market. However, it is interesting to note that business representations in traditional media, such as magazines, could be different from business representations in the social media. Such differences in representation put emphasis on how the features of social media impose certain requirements that businesses need to effectively satisfy, such as the requirement on maintaining engaging communication with the target market. This report evaluates the representations of Valentino, and compares such

Research on how businesses benefit from having a strong social media presence on Facebook, Twitter, Pinterest, Instagram and Google+, how businesses measure social media success on each platform, and compile detail notes notes on each platform.

Similarities: When we say the Facebook, LinkedIn and Twitter will be the kings and queens of banking and insurance, we must first look into the similarities that these two sectors share. This understanding will lead us to get an idea of how these social media are controlling the financial section. A superficial outlook will provide us with absolutely no similarities between the two sectors. But a little thought will show us how these two are completely entwined. Facebook, LinkedIn and Twitter have completely changed the way we used to internet say about a decade ago. Banks and insurance companies are now utilizing these social media to reach out to new customers i.e. advertising and to maintain their communication with the already available one. Let’s look into the