The Role of Digital Marketing and Social Media Marketing – Theory and Examples
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This document discusses the role of digital marketing and social media marketing in contemporary businesses. It covers the explanation of marketing, marketing mix, digital marketing, social media marketing, and the importance of these strategies. It also provides examples of effective social media content and campaigns.
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BMP3006 Practical Digital Marketing Assessment 1 The role of digital marketing and social media marketing – theory and examples
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Table of Contents Introduction......................................................................................................................................3 Part 1................................................................................................................................................3 Explanation of marketing.............................................................................................................3 Discuss what marketing mix is and where communication mix fits............................................3 An explanation of digital marketing............................................................................................4 An explanation of social media marketing..................................................................................5 An explanation of why digital marketing and social media marketing are important to contemporary businesses..............................................................................................................5 Part 2................................................................................................................................................6 Two examples of social media content that really work and justification of why they work.....6 Effective campaigns with respect to well-known models and standards for digital marketing...6 Why social media content is effective.........................................................................................7 Conclusion.......................................................................................................................................8 References........................................................................................................................................9
Introduction Marketing is the continuous process of making consumer aware of the product and services; it is defined as the use of various strategies and tool in order to communicate with the buyers about the product and services and make them aware of their brand. It involves maintaining and developing positive relationship with potential and past customers in order to enhance their productivity and profitability, it the use of various promotional and advertising activities to enhance their brand image in the marketplace, with growing competition in the market,marketingmanagerusesvariouspromotionalandadvertisingstrategiestogain competitive advantages. Marketing is one of the essential processes that need to be continuously maintained and managed in the organization in order to enhance their promotional activities and increase their performance. This report covers the overview of marketing also discussing marketing mix and where the communication mix fits. In addition to this digital marketing and social media marketing is explained in the above report also how digital marketing and social media marketing are essential to the contemporary businesses. Furthermore two examples of social media marketing content that really works with their justification and also why social media content is effective is highlighted in the above report. Part 1 Explanation of marketing Marketing is an activity or set of actions that company undertake to draw the attention of the potential customers and maintaining positive relationship with them in order to enhance their productivity and profitability(Backaler and Shankman, 2018). It involves use of various strategies to be undertaken to make them aware of the product and services also selling and distributing of goods and services with the aim of satisfying the needs of its potential customers and also maximizing profit. The main focus of marketing activity is on satisfying their customers’ needs and wants it emphasis of the consumer behavior in order to attract, attain and retain its potential customersbecause it is mainly customer oriented process rather than product oriented. There are mainly four P’s of marketing which together makes the effective mix organization needs to make their goods and services, the 4 Ps of marketing are product, price, place and promotion. Marketing plays an important role in the foundation of effective management and enhance their performance and profitability(Balducci and Marinova, 2018). . Discuss what marketing mix is and where communication mix fits Marketing mix is defined as the various marketing tools and techniques used to make consumer aware of the brand as well as the product and services. It is techniques used by the marketing manager to promote the brand value and increase their sale. There are mainly 4Ps included which clearly defines the marketing mix(Bly, 2018). These 4Ps stands for product,
price, place and promotion. These four clearly defines the elements needed to make product and services by the company. The main 4Ps of marketing mix are discussed below: Product:it is any item or commodity offered by the company to its potential customers in order to satisfy their needs and wants. Offering innovative products or services in the market helps company to gain competitive advantage in the marketplace. Price:It the value of product or services that is can be in the monetary form that company exchange with the customer in return of the product or services offered. Place:It is the correct position or location of sale where the company sale its product and services. Promotion:It includes use of various marketing tools and strategies in order to make consumer aware of the product and services and increases their sale. Communication mix is defined as the use of various strategies in order make consumer aware of the brand, it is use of various technique to effectively communicate with the targeted customersabouttheproductandservices.Communicationcanbedonethroughvarious promotionalstrategieslikeadvertising,personalselling,socialmediamarketing,digital marketing and so on. The communication mix is part of promotional marketing mix focusing on communication with customer about their brand(Finotto and Mauracher, 2020). An explanation of digital marketing Digital marketing is the type of marketing form which is defined as the process of making consumer aware of product and services through use of online platform using internet. It is the process of using different online marketing tools like search engine, social media platform, emails to reach the potential and targeted customers. With growing use of technology among customers companies are also moving towards use of digital platforms in order to caters the attention of these customers and make them aware of their product and services and enhance theirbrandimage.Digitalmarketingprovidesentirelynewwaystotheorganizationto understand their consumer’s behavior and how to approach them effectively in respect to traditional marketing. There are various channels of digital marketing that can be used in order to get grab their potential customers attention(Hanlon, 2018). Some of the digital marketing channels are: Website marketing: website marketing is one of the strongest and growing digital marketing channel, it is online medium which allows companies to showcase their product and services in a effective manner and easy to use. Pay-Per-Click advertising:Another popular digital marketing channel is Pay-Per-click, it enables marketing manager to reach potential customers through number of digital platforms
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using paid advertisement, and mostly used digital platforms are Google, LinkedIn, Twitter, Facebook and Instagram. It covers large segment of customer base. Content marketing:It is the type of digital marketing channel which focuses on the attracting potential or targeted customers using creative contents posted on different websites and social media platforms. An explanation of social media marketing Social media marketing is defined as the process of promoting companies product and services through the use social media platforms. It is mainly use of social media websites to interact or to communicate with the targeted customers in order to make them aware of the brand, increase profitability and enhance their productivity. Social media marketing can be throughpostingcreativecontentonthesocialmediaplatforms,interactingordirectly communicating with the targeted base customers, evaluating the results, measuring performance and promoting product and services on the social media. The majorly used social media websites are Twitter, Facebook, Instagram, Linkedin, and Youtube and so on. Marketing manager can use various social media tools to enhance their performance on these social media platforms. Social media marketing is one of the most convenient form of marketing tools which enables marketing manager to carry out their marketing activities from anywhere at any time, it also allows marketing manger to increase or interact with targeted customer from all over the globe, even customers can get all the required information about their preferred brand from anywhere. It has made it easy for both the parties to interact with each other more easily and effectively(Johnsen, 2017). Anexplanationofwhydigitalmarketingandsocialmediamarketingareimportantto contemporary businesses With increasing use of technology large number of customers base is found online, companies have bigger chances of attracting large number of customer base online(Martin, 2017).Digitalmediahelpsmarketingmanagerto reachlargenumberofcustomersmore effectively and efficiently. Some of the benefits of digital marketing are discussed below: Digital marketing allows marketing manager to effectively interact and communicate with the targeted customers directly and try to understand what they are looking for and accordingly try to satisfy their needs. Digital marketing also helps company to reach large number of customer base globally. Digital marketing also allows marketing manager to directly interact with the targeted customers who enhance the brand image and loyalty. With growing use of internet, the use of social media in today’s era is also increasing; it is becoming one of the essential factors of digital marketing which helps in increasing the customer base globally(McCorkle and Payan, 2017). Social media marketing is one of the important
factor marketing promotion which helps in increasing brand value using various social media platform. Some of the benefits of social media marketing are Social media marketing is one of the most cost effective medium of marketing and promotional strategy, as anyone can do social media marketing with just having access to internet. With growing usage of social media platforms among the customers it is one of the best medium to interact with targeted audience directly. Social media also helps marketing manager to improve or enhance their brand loyalty. From the above discussion it can be stated that both digital marketing and social media marketing plays a very important in marketing or promoting product and services among the customers. These two also help companies to directly interact with the customers and understand their needs and wants so that they can be satisfied accordingly. Digital marketing and social media marketing also help in increasing brand awareness and image among customers and increasing productivity and profitability of the business(Payne and Frow, 2017). Part 2 Two examples of social media content that really work and justification of why they work The two examples of social media content that really work and justification of why they work is discussed below: Burberry: Burberry was founded in 1856 by Thomas Burberry. It is one of the top luxury fashion house headquarter in London. The success behind the company is effective focus on the digital media, company has almost moved more than 60 percent of its marketing towards digital platforms, and Burberry has majority of Facebook and Instagram followers mostly in the luxury sector. In case of effective social media content Burberry was the first luxury brand to present customized experience on Pinterest social media platform to promote their cat lashes mascara. It became popular brand for innovation on social platforms. They also offered live streaming of their show. They worked on this as they knew their customers preferences effectively(Richards and Marshall, 2019). Starbucks UK: Starbucks is one of the most popular coffee house, it is also most popular brand on the social media, it started starbucks stories in the year 2019. The brand mostly focused on the posting photos rather than any type of content. The starbucks UK in the year 2019 together with mermaids started a #whatsyourname campaign on the Instagram social media platform. The campaign with strong content helped company to enhance their brand image among the customers and also enhanced their brand image and loyalty among the customers.
Effective campaigns with respect to well-known models and standards for digital marketing Burberry:TheCompanystartedthecampaignsofpresentingwellpersonalised experience for the customers on pinterest, in order to enhance their productivity. (The above images shows the campaigns hosted by the brand) Starbucks UK: The brand together with mermaids started a #whatsyourname campaign on the Instagram social media platform. (The above picture shows the campaigns hosted by the brand) Why social media content is effective While doing the social media marketing one of the important factors is the content, it plays an important role in enhancing brand image, brand recognition, customer engagement (Selman, 2017). Creative content helps in attracting targeted customers at large scale also in
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building long term relationship with them, with availability of so many substitute in the market it becomes very difficult for the marketing manager to attractthe attention of the customers towards their brand, so in order to grab the attention of the customers the marketing manager needs to ensure that their content is creative and also conveying the right or required information about the brand and the organisation. One of the methods to make social media content effective is to use strong content strategy which helps in coordinating, creating, posting content on the social media platforms. Strong content including everything required to be conveyed to the customers helps in attracting them towards the brand and increase company’s productivity and performance(Wirth, 2018). Conclusion From the above discussion it can be concluded that marketing is one of the essential tool used by the organisation in order to promote their product and services also increase their brand value through advertising, social media marketing, digital marketing and so on effectively and efficiently.Socialmediamarketinganddigitalmarketingplaysimportantroleconsumer awareness, increasing sale, enhancing brand loyalty. The above report covers various aspects and importance of digital and social media marketing. In addition to this detailed overview of marketing with marketing mix and benefits of communication mix is highlighted. Explanation of digital marketing and social media marketing with its importance in the contemporary business is also covered in the above report. Furthermore how social media content is effective explained with its example that works and also effective campaigns with reference to established model is also highlighted.
References Books and journals Backaler, J. and Shankman, P., 2018.Digital influence. Macmillan. Balducci, B. and Marinova, D., 2018. Unstructured data in marketing.Journal of the Academy of Marketing Science,46(4), pp.557-590. Bly, R.W., 2018.The Digital Marketing Handbook: A Step-by-step Guide to Creating Websites that Sell. Entrepreneur Press. Finotto, V. and Mauracher, C., 2020. Digital marketing strategies in the Italian wine sector.International Journal of Globalisation and Small Business,11(4), pp.373- 390. Hanlon, A., 2018.Digital marketing: Strategic planning & integration. Sage. Johnsen, M., 2017.The future of Artificial Intelligence in Digital Marketing: The next big technological break. Maria Johnsen. Martin, G., 2017.The essential social media marketing handbook: a new roadmap for maximizing your brand, influence, and credibility. Red Wheel/Weiser. McCorkle, D. and Payan, J., 2017. Using Twitter in the marketing and advertising classroom to develop skills for social media marketing and personal branding.Journal of Advertising Education,21(1), pp.33-43. Payne, A. and Frow, P., 2017. Relationship marketing: looking backwards towards the future.Journal of services marketing. Richards, M.B. and Marshall, S.W., 2019. Experiential learning theory in digital marketing communication: Application and outcomes of the applied marketing & media education norm (AMEN).Journal of Marketing Development and Competitiveness,13(1), pp.86-98. Selman, H., 2017.Marketing digital. Ibukku. Wirth, N., 2018. Hello marketing, what can artificial intelligence help you with?.International Journal of Market Research,60(5), pp.435-438.