Table of Contents Table of Contents.............................................................................................................................2 INTRODUCTION...........................................................................................................................1 MAIN BODY..................................................................................................................................1 Survey about current practice of social media marketing in retail industry:...............................1 Application of social media promotions on automotive industry:...............................................2 Appliance of social media as digital advertising technique in FMCG sector:............................3 Utilization of social media promotional techniques in Fashion industry:...................................5 REFERENCES................................................................................................................................7
INTRODUCTION Digital marketing, also known as Internet marketing is a component that uses digital technologies or platforms for promoting product or services of company. It is completely new endeavour that suggests new way or method of approaching customers. Digital marketing includes utilization of search engine optimization, social media marketing, email marketing, content marketing, website marketing, pay per click advertising, and video marketing. In addition to it, this type of marketing also includes SMS messaging and affiliate marketing. This form of marketing enhances global reach as it is scoped worldwide. Also, it costs less as comparedtotraditionalmarketingandevenenablesproperlyplanneddigitalmarketing campaign. It contains trackable or measurable results and offers personalization opportunities to marketers. Application of digital marketing has improved rate of conversions because customers are just few click away from shopping, hence, process of conversion became immediate and convenient. On the other hand, high training and skill requirement, increasing competition, emerging complaints and feedback and privacy or security issues are some limitations attached to it (Coman, Popica, and Rezeanu, 2019). This report is based on application of social media marketing in various industries, such as, automotive, retail, hospitality, IT, and fast-moving consumer goods industry. Along with my experience about researching and analysing the same. MAIN BODY Survey about current practice of social media marketing in retail industry: Social media marketing can be explained as a technique or tool of marketing with digital technology at social media platforms, which are, Facebook, YouTube, LinkedIn, Instagram, Pinterest, Snapchat, Twitter and various others. Retail industry encompasses selling of consumer goods through multiple distribution channels and satisfying their demands with the intention of earning profit. While considering appliance of social media in retain industry sector. It can be stated that this sector gains most from marketing on social media. It is encouraging and evolving retail sector by linkage of social media promotions with one tap shopping. As consumer goods in retail industry are not too high in cost as compared to some other industries such as, automotive and information technology (Gkarane, and et.al., 2019. It ensures quick conversion of employees through promotions of social media. With transforming digital technologies, uses of social media 1
is also improving day be day. Hence, it can be stated that it has wide scope. Most advantageous thing about use of social media platforms for retail sector is that this sector involves every time of customers in its target base and social platforms provides opportunity to firm to engage with customers at any point of their lifecycle. Adoption of omnichannel is social sites speeds up the process of customer engagement and conversions. As omnichannel provides one tap display of shopping page at social promotions (Kartajaya, Kotler and Setiawan, 2018). Further, social media campaigns launched by different retail sector companies enhances its selling activities as it boosts offers and discount offering that increases customer attractiveness. It additionally provides platform for winning and retaining customers by actively participating in social media page of retailers. Retaining customers improves their loyalty and commitment towards entity which enables firm to earn high profits by encouraging customer loyalty. Promotion on social sites is a digital marketing tool hence, it ensures monitoring of traffic at such platforms which enables firm to evaluate success of marketing campaigns and keep track of experience of customers. This Simbound game has provided me opportunity to evaluate effectiveness of social media promotions in relevance to retail sector. It helped me in gaining valuable experience which enhanced me to identify social media promotional advantages. Further I evaluated various platforms of social media that retail industry uses for advertising its product and gaining customer recognition. I even evaluated techniques of monitoring social media effectiveness. Further, I identified brand awareness, reputation and trust can be improvised effectively by social advertising. It plays a huge role in creating purchase and retention of customers in retail sector. Social media presence brings awareness about customers and is performing role of digital touchpoints. It builds engagement in customer base and generating sales. Social media is a marketing tool that boots scope of expansion and growth opportunities. Retain industries further take advantage of it by encouraging promotions and discounts. Further, I analysed that social media acts as a gold mine for retail industry. Application of social media promotions on automotive industry: Automotive industry comprises of manufacturing, marketing, designing, development, maintenance as well as selling of vehicles. Use of computer-based technology, that is, social media platforms. While analysing trend of social advertising in automotive industry it can be evaluated that trend of digital buying is increasing. It is transforming experience of car selling 2
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(Kasemsap, 2018). Nowadays, buyers or customers don’t solely depend on dealership and business avails every product online and started promoting it on social sites. Use of social media intelligence by automotive sectors enhanced its product selling capacity and even assured regular tracking of social promotions success which enables industry in determining any weak points or core competencies. This industry targets consumers on social channel named Facebook. It places ad on this channel with the motive of reaching people. Here, firm narrow downs geographical areas of target market. Further, interest of consumers, type of vehicle demanded, gender and many more factors. On twitter, industry continues on enhancing recognition and attractiveness of brand. Automotive sector leads to various customer touchpoints with the utilization of social sites. This touchpoint refers to points of contact of customers (Leung and Mo, 2019). It is used for customer acquisition and social media works as an effective tool for it. It enables industry to reach large segment of target audience. Social media can be used build effective relationship with customers and promote products of automotive industry. It leads to improvement in reputation of brand. Social promotions incorporate material which industry publishes on online platform with the motive of promoting brand. Company events of automobile industry that is announced by marketing or selling team stands out as a booth for introducing and promoting products. It serves as a direct point with customers as it provides interactions with target market. Conversationswithrepresentativesofautomobilecompanyhaveimmediateimpacton purchasing decision of customers. Product catalogues are also offered by firms on this medium. It is the most effective way of acquiring customers and closing deals with them. It markets to millennials on Instagram, it further targets potential customers on platform of Facebook, and promotes its selling activities on Twitter. Along with it, marketing utilizes video promotions on YouTube (Marques, 2018). During this study, I investigated various techniques that automotive industry uses for promoting their products. It helped me in identifying opportunities in social media promotions. It furtherenhancedmyknowledgeofdifferentsocialmediachannelsandinboundtraffic evaluation. In addition to it, I evaluated how social media promotions increased conversion rates of automobile industry with increased use of omni channel that enables popping of shopping page at one click. It improves satisfaction and experience of customers. 3
Appliance of social media as digital advertising technique in FMCG sector: Fast Moving Consumable goods is the sector with a lot of direct competition and many big players with established brand names along the globe. Because each and every item that we use falls under this category weather it is tooth paste that we use first in the morning or the moisturiser that we use last in the night everything belongs to this industry (Montgomery and et.al., 2019). So it becomes really difficult to survive in the industry and to survive in this cut throt competition companies use many platforms for the advertisements like print media electronic media and TV adds but the most important medium of promotion in today’s situation is digital promotion or promotion on social media what makes it so important is the number of users of the social media platforms. Today, almost every person either living in rural or urban area are using these social media platforms so it becomes the most important platform for the promotion of the products. Also, it provides these companies a great opportunity to directly interact to the potential customer of the product through paid advertisements and survey (Vrontis and et.al., 2020). They can carry out regarding the expectation of the customers from the product what kind of changes they want from the company to make the product a good one. Also, after recognizing the opportunity company can select the right brand ambassador for the products that they are providing through these social media platforms companies can also promote their CSR activities and schemes that they are providing to the customer. As well as the distributors of their products. Social media can become a useful tool of promotion for the companies dealing in the FMCG sector and that can give them a benefit over their competitors in the market (Putra and Noviaristanti, 2020). The above research has helped me to understand the working mechanism of the of the FMCG sector as well as the perks of using the social media as a tool of promotion in today’s world. It enhanced my knowledge in term of the working of social media promotion how it helps the companies to interact with customers how the paid advertisement attracts the potential customer. How frequently the advertisements pop up on the screen of the consumer all this information is really helpful in understanding the working the social media promotion it also shows why social media promotion is the most important type of promotion for today’s generation. This research also helped me to understand how the companies analyse the trends to develop the strategies. To develop a new product selecting the segment for the product, how the positioning of the product can be done by using the social media. I also found that social media 4
has proved its worth as a tool of collecting the information about what is the perception of the customer about the product and how they perceive the competitor’s product. All this information can play a major role in decision making relate to the marketing, product development and after sale service that need to be provided. Utilization of social media promotional techniques in Fashion industry: Fashion industry is the industry which is always comes up with something new for the customers and almost each and every age group is impacted by the fashion industry. Whether the person is a kid a teenager or an old age person each and every person keeps an eye on the fashion industry (Tafesse, 2020). Regarding what is new and trendy in terms of the clothing shoes and other stuffs here the companies of the fashion industry can use the social media as a tool of promotion and how they can do that? As we all depend on the social media to understand the fashion trends so company can take it as an opportunity by creating trend on the social media about the newly launched products by them to create this trend they can take help of not only famous movie stars or sports person. But they can also approach some of the famous social media influencers and other people who have a great fan following on the social media and many companies are doing that by doing paid collaboration with the social media influencers. With the millions of followers on the social media it also depends on the type of product that the company is promoting for if the company is dealing in life style goods then they can go these influencers and film stars but if the company is dealing in sports products then they should go for the famous sports stars. Social media also helps the companies to analyse the trends that are attracting the youth and potential customers most for e: g the winters has arrived so now the trend will be of woollens whether in form leather jackets, sweaters caps etc companies can take this as an opportunity and can create a new trend or develop product as per trend (Seymour and Blakey, 2020). During this research about the how social media can help the fashion industry. I have developed a great knowledge about the social media promotion as well as the fashion industry that how both industries are interlinked with each other and how they help each other to flourish in the tough world of competition within the industry. Social media has proved itself as a great tool of promotion for the fashion industry as almost each one of it depends upon the social media platforms such as Instagram, Facebook etc. to analyse and understand the fashion trends. And we all do a small amount of research on the social media before purchasing clothes or shoes to 5
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understand what is new in the market. And till some extent our buying decision is affected by the trends of the fashion industry and the companies of the fashion industry takes it as an opportunity to develop the product which has the highest protentional to capture the market. The companies can also use the social media as a platform to understand the thinking of the customer about the product line in which company is dealing and that can help a lot. CONCLUSION From the above report it has been concluded that digital marketing is a source through this organisation’s deliver its information and communicate customers in order to attract customers so that it can achieve its objective. Industries follows digital marketing to attract customers towards the brand. It is done by online platform by various apps such as Twitter, emails, Facebook etc. Via such devices as mobile and computers. Firms uses social media is the most important element of digital marketing, it helps firms in communicating customers, brand awareness, boosts and leads sales of an organisation. The main thing in digital marketing is that companies and customers can easily tracks the campaigns which drives to adapt and make betterment in performance. There are various industries that uses social media for its marketing such as FMCG, Fashion, Retail, Automotive etc. 6
REFERENCES Books and Journals: Coman, C., Popica, M. M. and Rezeanu, C. I., 2019, October. The Adoption of Digital Marketing by SMEs Entrepreneurs. InThe 2018 International Conference on Digital Science(pp. 431-441). Springer, Cham. Gkarane,S.,andet.al.,2019.Combiningtraditionalanddigitaltoolsindevelopingan internationalguerillamarketingstrategy:thecaseofaSMEGreekcompany. InStrategic Innovative Marketing and Tourism(pp. 397-404). Springer, Cham. Kartajaya, H., Kotler, P. and Setiawan, I., 2018.Marketing 4.0: Transforma tu estrategia para atraer al consumidor digital. Editorial Almuzara. Kartajaya, H., Kotler, P. and Setiawan, I., 2018.Marketing 4.0: Transforma tu estrategia para atraer al consumidor digital. Editorial Almuzara. Kasemsap, K., 2018. Enterprise Information Systems and Digital Marketing: Advanced Issues andImplications.InE-ManufacturingandE-ServiceStrategiesinContemporary Organizations(pp. 53-71). IGI Global. Leung, K. H. and Mo, D. Y., 2019, December. A Fuzzy-AHP Approach for Strategic Evaluation and Selection of Digital Marketing Tools. In2019 IEEE International Conference on Industrial Engineering and Engineering Management (IEEM)(pp. 1422-1426). IEEE. Marques, V., 2018.Marketing digital 360. Leya. Montgomery, K., and et.al., 2019. Big Data and the transformation of food and beverage marketing:underminingeffortstoreduceobesity?.CriticalPublicHealth,29(1), pp.110-117. Putra, A. R. and Noviaristanti, S., 2020, April. Social network analysis in digital marketing company business ecosystem. InDigital Economy for Customer Benefit and Business Fairness: Proceedings of the International Conference on Sustainable Collaboration in Business, Information and Innovation (SCBTII 2019), Bandung, Indonesia, October 9- 10, 2019(p. 184). Routledge. Seymour,A.andBlakey,P.,2020.DigitalSportMarketing:Concepts,Casesand Conversations. Routledge. Tafesse, W., 2020. YouTube marketing: how marketers' video optimization practices influence video views.Internet Research. Vrontis, D., and et.al., 2020. The impact of digital marketing as compared to traditional marketing's impact on university-bound students. 7