Role of Digital and Social Media Marketing in Contemporary Businesses
Verified
Added on  2022/12/26
|11
|2697
|96
AI Summary
This report examines the role of digital marketing and social media marketing in contemporary businesses. It discusses the importance of marketing, the marketing mix, and the communication mix. It also provides examples of effective social media content and highlights the effectiveness of social media marketing.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
3006
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Table of Contents INTRODUCTION..........................................................................................................................1 PART 1............................................................................................................................................1 Explanation of Marketing..........................................................................................................1 An explanation of the marketing mix and where the communication mix fits...........................2 An explanation of Digital Marketing..........................................................................................2 An explanation of Social Media Marketing................................................................................3 Importance of Digital and Social Media marketing to contemporary businesses.......................3 PART 2............................................................................................................................................4 Two examples of social media contents that really work and justification of why they work...4 Screen shot of effective campaign with reference to established model and standard for digital marketing....................................................................................................................................5 Effectiveness of Social Media Content.......................................................................................6 CONCLUSION...............................................................................................................................7 REFERENCES................................................................................................................................8
INTRODUCTION Among other forms of marketing, use of social media is one of the best useful tool in the pace of digital market. Nowadays, marketing has gone digital through use of internet sources to reach customers. One of the popular digital field is the use of social media and social networks to promote the products and services. As most of the people nowadays spent lot of time using social media such as Twitter, Facebook, Instagram etc., helps the organisation to achieve its goals effectively and efficiently. It also enables to attract new customers to promote their products and services accompanied by their values, mission and vision(Karol and Norman, 2019). These famous social media platformshelps the organisation to connect people and make their brand global. Further this type of marketing helps to examine the consumer behavior and thus, helps the organisation to formulate strategies accordingly. This report examines the role of digital marketing and social media marketing along with its theory and examples. PART 1 Explanation of Marketing Marketing is considered as an activity performed by the organisations or companies in order to reach the consumers through promoting and selling their products and services. Generally marketing activities involves promoting, advertising, selling its products or services to the consumer or other businesses. It helps the organisation to identify its consumers and attract new consumers to use their products and services. Marketing helps the organisations to achieve the desired goals with the help of tool called marketing mix. It is useful for the organisation in understanding the market environment and the factors affecting. These activities enable the organisation to meet the needs and wants of the customers by providing them with the expected goods and services. Especially in the changing environment is is very useful for the organisation to fulfill the upcoming needs of the consumers. Most common examples of the marketing used are: advertisements involving the use of celebrities to make a prestige brand image, catalogues, pamphlets, social media sites, use of billboards etc. Further marketing is also done through affiliate marking scheme, famous trend used to sell products across the network with the help of bloggers and websites. Thus, marketing plays a crucial role in achieving the organisation mission and vision effectively and efficiently(Valos and et. al., 2017). 1
An explanation of the marketing mix and where the communication mix fits MARKETING MIX It refers to the tactics which a company uses to make its product stable in the competitive market. This useful tool is also known as marketing Ps, the basic four are product, price, place and promotion.ï‚·Product:Thisstrategyhelpsthecompanytofulfilltheneedsofcustomerby manufacturing such product or providing such service which will differentiate it from the competing products or services. For example use of biodegradable packaging etc.ï‚·Price:Value of the product is called the price. The product is valued on the basis of its cost of production, demand and supply and other factors. Pricing need to be effective in order to attract consumers(Algharabat, 2017).ï‚·Place:This strategy provides easy access of the products or services. Some premium goods are only available in selected stores while other basic goods gets available easily. People in pandemic situation going for online shopping. ï‚·Promotion:The strategy helps the organisation built its brand name using newspaper, billboards, pamphlets etc. For example nowadays company's best promotional tool is its official website in which it provides all its product information. COMMUNICATION MIX It involves all the activities useful to communicate the existing as well as new customers. These activities can be performed through social media, by hosting events, organising exhibition, advertisements,directmarketingetc.Communicationmixfitsasitprovidesthevarious innovative ways keeping in view the changing environment to communicate with the customers. Further being part of direct marketing it can be used to understand the behavior of the consumer and collect feedback in order to achieve organisational goals effectively(Tripathi and Rai, 2019) An explanation of Digital Marketing Digital Marketing term itself means to perform marketing activities with the help of digital platform such as use of internet sources, gadgets to reach the consumers. The main aim to pursue digital marketing is to interact the targeted customers through innovative ideas. It formulates an effective communication between the entity and the customer.For example, Salisbury with the help of mobile app, using the location to send personalised messages and 2
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
offers to the customers in order to thrive sales and visits. Also help the company to collect data and formulate strategies accordingly. Digital Marketing is also defined as the tool used by the organisation to promote its brand by connecting with consumer digitally. It includes the use of email, social media, multimedia messages etc. This type of marketing helps the organisation to understand the future of digital market. Further with the data evolved through this help the organisation to formulate strategies and procedures. For example, Rolls Royce Motor cars is responding its consumers through its web site in order to make the company more visible in the digital space and to achieve its targeted goals effectively(Seyyedamiri and Tajrobehkar, 2019). An explanation of Social Media Marketing Social Marketing refer to perform marketing activities through the use of social media and network. In simple words, company make use of social media to promote its products and services. As most of the people are engaged in these social sites, thus helps to draw attention towards the brand. For example, Tesco is successful in drawing attention of the consumers by evolving an emotional spin in the campaign and offering them with the discounts and vouchers . Social Marketing is a successful strategy evolved in this digital world. The use of famous social sites such as Facebook, Instagram, Twitter etc. to devise brand image. Social platforms help to connect people globally and allow new users to with their culture and values.For example, Marks & Spencer make use of Instagram to attract the young shoppers and influence them to purchase online. Importance of Digital and Social Media marketing to contemporary businesses Millions of people in the world make usage of internet and social media networks, Digital Marketing connects potential consumers through online. In the pandemic situation it helped the customer to purchase online and helped the organisation to achieve its desired goals. Such marketing has an ability to reach global market. Thus, attracting lots of right audience with the benefits of less expenses. Also helps increasing the customers visit to company's website and to achieve the organisational goals. On the other hand, Social media is becoming most trendy marketing accompanied by its various benefits among consumers worldwide. It includes the use of social sites and social networks. Its importance to business are:- 3
ï‚·Such marketing is a cost effective strategy for the organisation to promote its products and services(Ribeiro and et. al., 2020). ï‚·Engaged the customers globally as usage of this platform is more as compared to others. ï‚·Directly communication will create a strong bond and loyalty towards brand. ï‚·Able to know the consumer behavior in the changing environment. PART 2 Two examples of social media contents that really work and justification of why they work The two best media content that really worked are as follows:- Articles and Blogs Many companies repost their blogs on their company sites to social media in order to generate the goodwill of the company. The posts includes the new company announced or will announce, in respect of job posts and others company thinks fit.For example, company like Marks & Spencer using Instagram as its social media re-post the stories of bloggers promoting their further directing its users to visit the link shared in the bio. Even the companies nowadays using the LinkedIn platform to share the articles and posts in respect of the company's work. Company shares the experience of the customers in order to create a brand image(Alexandra, 2018). 4 Ill ustration1: M&S directing users to connect through link in bio, 2021
Launching teasers and events In order to attract customers it is required to give them a small peek in respect of upcoming products and services. This could include the teaser of the new product with its upcoming features in order to provoke the customers to use.Many companies make such announcements and glimpses of product on the social media. Such teasers generates curiosity in 5 Illustration3: Rolls Royce advertising its new launch, 2021 Illustration2: Instagram page of Marks & Spencer, 2021
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
the minds to customers to attend live videos and official launch organised by the company. For example, Rolls Royce is all set to launch teaser of its new product i.e. new SUV in the upcoming year. Screen shot of effective campaign with reference to established model and standard for digital marketing Marks & Spencer on the occasion of Christmas brought an effective campaign in respect of digital food series. The company used the real consumers in its ad with an aim to be product oriented. The company want their product to be genuine without any false assumptions. Further the company advertised its campaign with an effective tagline. Also launched new episodes featuring the celebrities face to run the show. This campaign media plan with eleven different commercials focused on the product and its value. The key feature of the campaign was to experience the genuine product. It helped the company to attract new customers worldwide to experience the new idea. The reviews in the ads were given by the real customers thus created a trust and strong bong between the brand and customers(Almeida-Santana and Moreno-Gil, 2017). 6 Illustration4: Food Campaign organised by Marks & Spencer, 2021
Effectiveness of Social Media Content The social media is effective because of the following reasons:- ï‚·Cost Effective:Social media allows the company to promote their product and services across worldwide at a nominal price. Campaigns and surveys can be performed on these social sites with the valuable responses. Further they are helpful for the company in formulating measures needed to improve investment in the market. ï‚·Convenient:Accessing and creating bond with the consumers worldwide is convenient with the help of these social media content. As the events can be seen live by the users all over world at home, it was very useful in the pandemic situation. ï‚·Brand Image & Loyalty:Sharing of blogs, posts, images of the experienced customers seems genuine for other users to try, thus creates a brand image. It also creates loyalty and trust as people believe more on live experiences and stories rather on fake ads. Thus, it is an platform where you can hear consumer problems easily and takes effective measures (Chatterjee and Joshi, 2018). ï‚·Consumer Control:Sometimes the advertisements can be seen annoying and intruding in the personal space. Thus, effective social content is effective rather than annoying as companies believe to maintain personal space. ï‚·Satisfaction:These seems to satisfy the needs and grievances of the problem in an effective manner. The company can easily identify the behaviour of consumer through 7 Illustration5: Recording Live experiences of the consumers, 2021
these contents in the changing environment and further help the company to cope with these changes. ï‚·Measurable:The popularity of the brands can be measured through the company's profile. Reactions on the post, blogs and other social content helps in creating brand image of the company. CONCLUSION From the above report it is concluded that the marketing activities are required to be updated with the pace of technology especially in the changing environment. The organisation are required to follow not only traditional methods of marketing but also the digital strategies in order to compete in the market. Marketing mix is considered as best market tool in order to evaluate changes in the market.Social media plays an important role in the everyday life of people, as most of the time people are engage in using social sites. The company need to make use of social media and network in order to promote its products and services worldwide. Further company make use of effective social media content in order to achieve its desired goals efficiently. Thus,digital marketing and social media marketing plays an important role in this era of business and all the companies are making an effective use of these marketing in order to gain sustainability in the competitive market. 8
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
REFERENCES Books and Journals Alexandra, P.M., 2018. Level of Education Influences in Modelling Social Media Marketing Message Reactions.Revista Oeconomica.(01-2). Algharabat,R.S.,2017.Linkingsocialmediamarketingactivitieswithbrandlove:The mediating role of self-expressive brands.Kybernetes. Almeida-Santana, A. and Moreno-Gil, S., 2017. New trends in information search and their influenceondestinationloyalty:Digitaldestinationsandrelationship marketing.Journal of destination marketing & management.6(2). pp.150-161. Chatterjee, J. and Joshi, A., 2018. Influence of Social Media Marketing on Health Care and AutomobileSectorsinIndia.InSocialMediaMarketing(pp.161-180).Palgrave Macmillan, Singapore. Karol,K.andNorman,C.,2019.Theriseof,andneedfor,videoinsocialmedia marketing.Journal of Education Advancement & Marketing.3(4). pp.316-324. Ribeiro and et. al., 2020. Digital marketing: A bibliometric analysis based on the Scopus databasescientificpublications.InDigitalMarketingStrategiesandModelsfor Competitive Business(pp. 52-73). IGI Global. Seyyedamiri, N. and Tajrobehkar, L., 2019. Social content marketing, social media and product development process effectiveness in high-tech companies.International Journal of Emerging Markets. Tripathi,S.andRai,A.,2019.ConsumerBehavioronSocialMediaMarketing.Walnut Publication. Valos and et. al., 2017. Integrating social media within an integrated marketing communication decision-making framework.Journal of Marketing Management.33(17-18). pp.1522- 1558. 9