22 Social Media and Marketing Professor Close Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 1 Learning Outcomes LO 1 Describe social media, how it is used, and its relation to integrated marketing communications LO 2 Explain how to create a social media campaign LO 3 Evaluate the various methods of measurement for social media Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 2 Learning Outcomes LO 4 Explain consumer behavior on social media LO 5 Describe the social media tools in a marketer’s toolbox and how they are useful LO 6 Describe the impact of mobile technology on social media Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 3 What Is Social Media? Describe social media, how it is used, and its relation to integrated marketing communications Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 4 What Is Social Media? Social Media is… any tool or service that uses the Internet to facilitate conversations. Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 5 Social Media Tools and Platforms Social networks Blogs Microblogs Media sharing sites Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 6 Social Media and Consumers At the basic level, social media consumers want to: • exchange information • collaborate with others • have conversations It is up to the marketer to DECIDE if ENGAGING in those conversations will be PROFITABLE and to find the most effective method of ENTERING the conversation. Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 7 How Consumers Use Social Media Primary Use Chapter 22 Facebook, MySpace, Bebo YouTube Social networking Video sharing Flickr Photo sharing Twitter Communication Technorati Blog tracking Copyright ©2012 by Cengage Learning Inc. All rights reserved 8 Social Commerce Social Commerce is… a subset of e-commerce that involves the interaction and user contribution aspects of social online media to assist online buying and selling of products and services. Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 9 Social Media and Integrated Marketing Communications Allows marketers to • Have conversations with consumers • Connect with each other • Forge deeper relationships • Share opinions • Collaborate on new ideas according to interests • Chapter 22 Allows consumers to Build brand loyalty Copyright ©2012 by Cengage Learning Inc. All rights reserved 10 Crowdsourcing Crowdsourcing Using consumers to develop and market product. Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 11 Creating and Leveraging a Social Media Campaign Explain how to create a social media campaign Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 12 Categorizing Media Types Owned Media Earned Media Paid Media Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 13 Leveraging Different Types of Media • Chapter 22 Key Guidelines • Owned media - reach beyond existing Web sites to create digital touch points • Earned media - learn how to listen and respond to stakeholders • Paid media - should serve as a catalyst to drive customer engagement Copyright ©2012 by Cengage Learning Inc. All rights reserved 14 The Listening System The first action a marketing team should take when initiating a social media campaign is simple: LISTEN Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 15 Exhibit 22.1 Eight Stages of Effective Listening Chapter 22 Stage 1: Stage 2: Without objective Tracking brand mentions Stage 3: Identifying market risks and opportunities Stage 4: Improving campaign efficiency Stage 5: Measuring customer satisfaction Stage 6: Responding to customer inquiry Stage 7: Better understanding of customers Stage 8: Being proactive and anticipating customer demands Copyright ©2012 by Cengage Learning Inc. All rights reserved 16 Social Media Objectives Monitor what is being said about the brand. Develop a listening strategy. Listen and Learn Build relationships and awareness Open dialogues with stakeholders. Answer customer questions candidly. Promote products and Get customers talking about products and services. services Manage your reputation Improve customer service Chapter 22 Respond to comments and criticisms. Participate in forums and discussions. Seek out displeased customers and engage them directly to solve issues. Copyright ©2012 by Cengage Learning Inc. All rights reserved 17 Evaluation and Measurement of Social Media Evaluate the various methods of measurement for social media Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 18 Evaluation and Measurement of Social Media • Though marketers understand that social media is a worthwhile investment, most have not been able to figure out how to measure its benefits. • Metrics for measuring the benefits of social media are meaningless unless they are tied to key performance indicators. Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 19 Three Areas of Measurement Public relations measurement Social media measurement Chapter 22 Social media monitoring Copyright ©2012 by Cengage Learning Inc. All rights reserved 20 Social Behavior of Consumers Explain consumer behavior on social media Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 21 Categories of Social Media Users Creators Critics © Mike Kepka/San Francisco Chronicle/Corbis Collectors Joiners Spectators Inactives Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 22 Categories of Social Media Users A 2009 study of social media users determined that: • 24 percent functioned as creators, • 37 percent as critics, • 21 percent as collectors, • 51 percent as joiners, and 73 percent as spectators. Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 23 Social Media Tools: Consumer- and Corporate-Generated Content Describe the social media tools in a marketer’s toolbox and how they are useful Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 24 Social Media Tools Chapter 22 Blogs Social News Sites Microblogs Location-Based Social Networking Sites Social Networks Review Sites Media Sharing Sites Virtual Worlds and Online Gaming Copyright ©2012 by Cengage Learning Inc. All rights reserved 25 Blogs A publicly accessible Web page that functions as an interactive journal, whereby readers can post comments on the author’s entries. Blog Corporate Blogs Blogs that are sponsored by a company or one of its brands and maintained by one or more of the company’s employees. Noncorporate Blogs Independent blogs that are not associated with the marketing efforts of any particular company or brand. Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 26 Microblogs • Microblogs are blogs with strict post limits. • Useful for disseminating news, promoting longer blog posts, sharing links, announcing events, and promoting sales. • The ways a business can use Twitter to engage customers are almost LIMITLESS. Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 27 Social Networks Marketing Goals for Social Networking Sites • • • • • • • • Chapter 22 Increasing awareness Targeting audiences Promoting products Forging relationships Highlighting expertise and leadership Attracting event participants Performing research Generating new business Copyright ©2012 by Cengage Learning Inc. All rights reserved 28 Exhibit 22.2 Facebook Lingo Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 29 Media Sharing Sites Media Sharing Sites are… Web sites that allow users to upload and distribute multimedia content like videos and photos. Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 30 Social News Sites Social News Sites Web sites that allow users to decide which content is promoted on a given Web site by voting that content up or down. Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 31 Location-Based Social Networking Sites Web sites that combine the fun of social networking with the utility of location-based GPS technology © Handout/MCT/Newscom Location-Based Social Networking Sites Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 32 Review Sites Review Sites are… Web sites that allow consumers to post, read, rate, and comment on opinions regarding all kinds of products and services. According to Nielsen Media Research, more than 70 PERCENT of consumers said they trusted online consumer opinions. Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 33 Virtual Worlds and Online Gaming • Virtual worlds and online gaming include massive multiplayer online games (World of Warcraft) and online communities (Second Life). • Almost 800 million people participated in some sort of virtual world experience. • Annual revenue near $1 billion. • Nearly 25 percent of people play games within social networking sites. LO5 Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 34 Social Media and Mobile Technology Describe the impact of mobile technology on social media Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 35 Mobile and Smartphone Technology • More than 25 percent of the world’s population owns a mobile phone • More than 75 percent of the U.S. population owns a mobile phone • U.S. mobile marketing spending reached nearly $593 million in 2010 Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 36 Reasons for Mobile Marketing Popularity Low barriers to entry Consumers acclimating to privacy and pricing Capturing consumer attention in real time Measurable Higher response rate than traditional media types Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 37 Common Mobile Marketing Tools SMS MMS Mobile Web sites © Peter Macdiarmid/Getty Images Mobile ads Bluetooth Smartphone apps Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 38 Applications and Widgets Widgets Apps • Harness mobile technology • aka “gadgets” or “badges” • Platform-specific or convert existing content to mobile format • Run within existing online platforms • Cheaper to develop • Extend reach beyond existing platforms • Chapter 22 Can generate buzz and customer engagement Copyright ©2012 by Cengage Learning Inc. All rights reserved 39 Applications and Widgets The following questions should be considered before investing in a marketing-oriented widget. Chapter 22 • Does my organization regularly publish compelling content? • Does my content engage individuals or appeal to customer needs? • Is my content likely to inspire conversations? • Will customers want to share my content? Copyright ©2012 by Cengage Learning Inc. All rights reserved 40 The Changing World of Social Media The rate of change in social media is astonishing—usage statistics often change daily. Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 41 Exhibit 22.3 Social Media Trends Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 42 Beyond the Book Chapter 22 Video Chapter 22 Mobile Marketing and Kids Link TK Copyright ©2012 by Cengage Learning Inc. All rights reserved 43 Part 7 Videos Technology-Driven Marketing How does R.J. Julia keep up with the changing technology inherent in bookselling? How do they use online tools to monitor the business? http://www.cengage.com/marketing/boo k_content/1439039429_lamb/part_videos /part07.html Chapter 22 Copyright ©2012 by Cengage Learning Inc. All rights reserved 44
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