First, define Social Media Marketing (SMM) and explain why it is important to businesses. Then, explain and identify each step in the SMM planning cycle.
Important: 2 references. No Title, No table of contents, No Introduction, No conclusion.
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Business digital media1 Social media marketing Social media marketing can be defined as a form of internet marketing which entails creating and sharing of manufactured products on the social media platforms in order to achieve marketing and product goals. Importance of social media marketing Increased customer Satisfaction Through social media marketing, customer's satisfaction will be improved in a way that they are able to get enough information about the product they intend to buy thus reducing cases of buying unintended product.(Ashley and Tuten, 2015, pg. 18). Creating product awareness Social media marketing will help to create product awareness since it is accessible to large number of buyers’ globally making consumers’ aware if the new product in the market. Through creation of product awareness, manufacturing firms will maximize their sales due to increased demand of their products in the market. Steps in social media marketing planning cycle Listening. This step is essential for marketers in building the brand presence and setting smart goals. Setting goals. The step requires marketing department of each organization to set their goals and objectives for social media marketing.(Felix, Rauschnabel and Hinsch, 2017, pg. 119). Defining strategies. The marketing strategies will be based on the SWOT analysis of the company. Target audience. This involves identification of the consumers taste and preference on your product.
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Business digital media2 Selection of marketing tools. This include use of links, search engine optimization and monitoring brand hashtags. Implementation. This done through consideration of the set strategies and goals. Monitoring. Involves tracking of the overall performance of the product in the social media. Turning. Entails adaptation of changing online marketing environment.
Business digital media3 References Ashley, C. and Tuten, T., 2015. Creative strategies in social media marketing: An exploratory study of branded social content and consumer engagement.Psychology & Marketing,32(1), pp.15-27. Felix, R., Rauschnabel, P.A. and Hinsch, C., 2017. Elements of strategic social media marketing: A holistic framework.Journal of Business Research,70, pp.118-126.