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Impact of Social Media Marketing on Customer Engagement in Retail Industry

   

Added on  2022-12-16

53 Pages18058 Words51 Views
Business DevelopmentLeadership ManagementProfessional DevelopmentMarketingDesign and CreativityData Science and Big DataHigher EducationPhilosophy
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Digital marketing
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Impact of Social Media Marketing on Customer Engagement in Retail Industry_1

ABSTRACT
This present research is based on impact of social media marketing as a type of digital
marketing in increasing customer engagement towards the brand. It is use of the social media
website and also networks to market products and services of an organisation. This is process
about developing the tailored content for social media platform in order to drive the engagement
and also promote business. Conducting this investigation helps in providing the understanding
about the social media in marketing and its role in engaging customers in better manner. Aim of
this research is "To identify the impact of social media marketing as a type of digital marketing
in increasing customer engagement towards the brand ". A study on retail industry. In this
research, literature review has been conducted by consisting the secondary sources to attain
research objectives. There has been considered the secondary objectives such as internet sources,
articles, journals, books and others. There has been identified the different types of digital
marketing used by retail sector. There has been determine the significance of social media
marketing as a type of digital marketing for retail industry. Research methodology is main part of
the research as this is helpful in providing the ways to collect and analyse information. There has
been research onion considered by using different layers and it was developed through Saunders
et. al. in year 2007. This research is based on the quantitative method in which data has been
collected statistically and reliable. To collect the information, there has been primary method of
data collection considered as this helps in gathering the new and reliable information regarding
the particular area. There has been considered the 50 sample size chosen by using the random
sampling method. Discussion has been conducted on the basis of literature review that meet with
research objectives. The conclusion has been developed on the basis of whole research and
recommendations are related to provide some suggestions to make improvement in the research
and business for future purpose.
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Table of Contents
ABSTRACT.....................................................................................................................................2
INTRODUCTION...........................................................................................................................4
LITERATURE REVIEW................................................................................................................9
RESEARCH METHODOLOGY...................................................................................................19
RESEARCH FINDINGS AND INTERPRETATION..................................................................27
DISCUSSION................................................................................................................................40
CONCLUSION AND RECOMMENDATIONS..........................................................................45
REFERENCES..............................................................................................................................47
APPENDIX....................................................................................................................................50
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INTRODUCTION
Background of the research
Digital marketing is also called online marketing that help business organisation in
promoting of its brand effectively. Digital marketing is a better use of mobile device, internet,
search engines, social media and many other channels to reach potential and new customers. This
type of marketing facilitates business organisations in attracting of larger customer base through
search platforms, content marketing, email, social media and many more (Dolega, Rowe and
Branagan, 2021). Digital marketing targets a particular segment of customers in accordance to
the brand. According to the current dissertation, social media marketing as an important type of
digital marketing is used for increasing customer engagement towards the brand. Social media
marketing introduces to the effective use of social network and social media to market or
promote a company’s services and products.
Customer engagement refers to the emotional connection between a brand and a
customer. Customer engagement monitors the relationship between company and customers.
This is essential for encouraging customer satisfaction, customer loyalty and increasing brand
awareness (Black, Jeseo and Vincent, 2021). Highly engaged customers are more important part
of business success and growth because they purchase more and promote more as well as
demonstrate more loyalty. This is highly essential for a business organisation in increasing of
sales and improving brand image. This turn to impact in increasing profitability and sales.
Social media marketing provides an effective way for engaging existing customers and
reaching new ones towards product, brand or service. In simple word, social media marketing is
the better use of social media platforms and network to connect with audience to build brand,
drive website traffic and increase sales. There are number of social media platforms such as
Facebook, Twitter, Instagram, YouTube, Snapchat, Pinterest and LinkedIn. These are some
platforms that are essential for company in promoting of its brand in market. There are various
advantages or benefits of social media marketing for an organisation such as brand awareness,
brand loyalty, customer insights, customer experience, lead generation and sales etc. All these
are biggest advantages of social media marketing that helps company in improvement of its
brand awareness and growth (Gaffar and et. al., 2021). Therefore, social media marketing is
important in increasing customer engagement towards the brand.
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For this dissertation, retail industry is a chosen study. Retail is the process of selling
products or services to the customers via multiple channels of distribution with purpose of
earning profit. There are 10 key facts and stats regarding the UK retail sector. These are
mentioned as below in tabular form:
10 key facts and stats Facts
Total value of UK retail sales in 2020 £403
Billion
Proportion of consumer spending that goes through retail 1/3
People employed in UK retail in 2020 2.9 million
Proportion of retail sales made online in 2020 28%
Growth in UK retail sales in 2020 2.2%
Total number of VAT-registered retailers in the UK in 2019 208,760
Total number of retail outlets in the UK in 2019 306,655
Amount retail generates of total GDP (GVA) 5%
Average annual growth of online retail sales in 2020 45%
Online sales have risen three fold in the last 10 years 324%
From the above mentioned table, it has been interpreted that, there are some key and facts
that define retail industry is the main industry for United Kingdom. Along with this, there are
number of clothing online and supermarkets in United Kingdom. Main retailers are H&M, Marks
& Spencer, Amazon, Asda etc. These are main retailers of United Kingdom that serve their
services in all over the world. In year 2020, total value of retail sales of UK is around £403
Billion that is high and help in improvement of economic growth of country. Employment in UK
is approximately 2.9 million that is beneficial in improvement of living standard of people (UK
RETAIL STATS & FACTS. 2021). Therefore, retail industry in United Kingdom is more
successful that are essential for the growth and success of country or an individual. It is an
effective opportunity for an organisation to setup their business within retail industry.
Rationale of the research
Main rationale behind conducting of this research is to identifying the impact of social
media marketing as a type of digital marketing in improving customer engagement towards the
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brand. This is a main reason behind doing of this dissertation. This research is important and
significant at persona as well as professional level (Marques, Casais and Camilleri, 2021). At
personal level, present study facilitate investigator in enhancing of its different types of research
skills that are time management, decision making, presentation and many more. All these are
main skills that are essential for investigator in completion of each activity of dissertation in
systematic and successful manner. At professional level, present investigation facilitate
investigator or an individual in searching of job within retail industry. Therefore, present
investigation is important at personal and professional level by increasing their understanding
about the effectiveness of social media marketing as a main type of digital marketing in
increasing customer engagement.
Research aims and objectives
A research aim expresses the aspiration or an intention of the research study. Aim is
important part of dissertation because entire dissertation is based on them. Aim of the
dissertation is developed according to the title. This is important for researcher in achievement of
each objective successfully. Research objective is essential for investigator that developed
according to the research aim (Shahbaznezhad, Dolan and Rashidirad, 2021). Research aim
includes two variables that are dependent and independent. According to the current dissertation,
increasing customer base towards the brand is a dependent variable that is dependent on social
media marketing, it means social media marketing is an independent variable. Therefore,
research aim and objectives of the current research are mentioned as below:
Research aim:
"To identify the impact of social media marketing as a type of digital marketing in
increasing customer engagement towards the brand ". A study on retail industry
Research Objectives:
To determine the types of digital marketing used by retail sector.
To identify the significance of social media marketing as a type of digital marketing for
retail industry.
To explore ways for increasing customer engagement towards the brand within retail
industry.
To examine the challenges faced by retail industry while increasing of customer
engagement.
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Research questions
What are the main types of digital marketing used by retail sector?
What is the significance of social media marketing as a type of digital marketing for retail
industry?
What are the effective ways for increasing customer engagement towards the brand
within retail industry?
What are the major challenges faced by retail industry while increasing customer
engagement?
Structure of the dissertation:
This is a part of dissertation that includes some chapters or activities. These are important
for researcher in completion of full dissertation in systematic and successful manner. These
chapters are explained as below:
Introduction: This is a first activity that includes different number of sub-activities such
as background of the research, aim and objectives of the study etc.
Literature Review: This part of dissertation is based on secondary information that will
be gathered from secondary sources such as articles, magazines, books and many others.
All these are useful sources of collecting secondary data about the topic.
Methodology: This is an important part of dissertation that helps investigator in
gathering and evaluating of data from effective type of methodology. There are different
types of methodologies such as positivism philosophy, deductive approach, quantitative
research, questionnaire and many others (Yoganathan, Osburg and Bartikowski, 2021).
All these are major types of methodologies used by researcher for collecting accurate
data regarding the impact of social media marketing as a type of digital marketing in
increasing customer base towards the brand.
Discussion of results/analysis and findings: This section of dissertation facilitate
investigator in analysing of gathered information effectively. According to the existing
topic, quantitative data will be gathered from questionnaire. In order to evaluate
quantitative data, frequency distribution analysis will be applied as an analytical
technique.
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Conclusion: This is a main part of dissertation that includes information about the entire
chapters in short and clear manner. This chapter facilitate investigator in achievement of
each objective and aim in successful manner.
Recommendations: This part of dissertation includes some suggestions regarding the
improvement within research topic. This is essential for investigator in achieving all
objectives successfully.
Summary of the chapter
Introduction chapter is an important chapter of the dissertation because it included
different activities in systematic manner. These activities are research aim, objectives, questions,
background and rationale of the research etc. All these activities helped investigator in
conducting of next activity i.e. literature review is systematic and successful manner.
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