Role of Digital and Social Media Marketing Portfolio
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This project highlights the understanding of marketing, digital and social media marketing and how they are significant in dynamic business trends. It also comprises of marketing mix and how communication components fits in this. It also consists of how social marketing works with justified examples.
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Practical Digital Marketing - role of digital marketing and social media marketing portfolio
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Contents INTRODUCTION...........................................................................................................................1 PART 1............................................................................................................................................1 Definition of marketing...............................................................................................................1 Connection between marketing mix and communication mix....................................................1 Explanation of digital marketing................................................................................................3 Explanation of social media marketing.......................................................................................3 Importance of digital and social media marketing in contemporary business.............................3 PART 2...........................................................................................................................................4 Examples of social media content and their justification in business parlance...........................4 Screenshots of effective campaign of Cadbury and Unilever......................................................4 Effectiveness of social media content.........................................................................................6 CONCLUSION................................................................................................................................7 .........................................................................................................................................................7 REFERENCES................................................................................................................................8
INTRODUCTION Digital marketing refers to use of internet and virtual channels in order to promote any activity, product and service(Hanlon, 2020). Social media marketing is concerned with using online channels forcommunicating socially and also helps in promoting business activities. Using digital channels and social media sites for marketing is beneficial and necessary for companies to reach a large customer base around the world. These marketing practices also reduces the need of physical stores in market. This project highlights the understanding of marketing. It also includes discussions about digital and social media marketing and how they are significant in dynamic business trends. This project comprises of marketing mix and how communication components fits in this. It also consists of how social marketing works with justified examples. PART 1 Definition of marketing Marketing involves varied activities which is used by organisations to research market trends and customer preferences in order to plan their promotional as well as selling activities accordingly(Kumar and Singh, 2020). It assists establishments in increasing awareness about a specific product or service and crating a brand reputation as well as positive image in market. It allows corporates to reduce their cost on production processes by hiring marketing team for understanding market behaviour about particular product. Concept of marketing works on a principle which says that it essentially focus on customer needs and preferences in order to provide them value. This also aids an organisation in distinguishing their products or services from that a competitor offer. Common examples that are used by organisation for marketing are hoardings,advertising,personalsellingandmanymore.Marketingessentiallyhelpsan organisation in creating their brand influential so that customers can recognise them even in a crowded market. Connection between marketing mix and communication mix Marketing mix is concerned with set of tactics that helps organisation in planning their marketing strategy effectively(Pandey, Nayal and Rathore, 2020).Marketing strategies are said to be effective when they focus on each and every aspect of business activities. This tool with its 1
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four differential elements assists corporates to promote their products and services in existing as well as new market. Varied elements of marketing mix are discussed below:Productis termed as something which a company sells to make profits. It is particularly designed to satisfy consumer's needs and desires. These should be designed, marketed and presented in such a way that it offers a value to customers as well as it helps in gaining competitive advantage to organisations. For instance, Apple was the first to launch iPhone in market to understand the needs and wants of consumers.Pricecan be termed as sum of amount that is spent by buyer to purchase a product or avail services(Saraiva,2019). It is a significant factor for businesses to create positive customer perception and positioning of brand efficiently in marketplace. There are several pricing strategies which is used by establishments such as cost leadership, price skimmingetc.Forinstance,UNIQLOJapanclothingbrandhasadoptedcost- effectiveness strategy where it purchases bulk quality of raw materialsin affordable prices from manufacturers to provide reasonable rates to customers.Promotionis considered as using efficient communication tactics in order to reach massive customer base. Major components of promotion that need to be taken care of by organisation, namely, promotional message, target audience and the medium. Various promotional techniques which are common to companies are advertising, personal selling etc.Placecan be termed as that medium where buyers as well as sellers meet and engage in any transaction(Cruz, 2020).It can be a physical or virtual store. It also consider supply and distribution channel that aids in made close connectivity to consumers. Communication mixis considered with varied tools and techniques which are used by corporates to communicate with their customer in order to influence them to make a purchase (Suleiman, Awan and Javed, 2021). In marketing of differential products or services, numerous elements of communication mix is used such as advertisements, personal selling, sales promotion and many more. It is used strategically in promotion element of marketing mix. As components of communication mix and promotion element talks about communicating to customers while promoting products or services. It helps in creating effective marketing strategy and enhancing brand positioning in market. 2
Explanation of digital marketing Digital marketing is an exercise that involves promotion of varied products or services through virtual channels over the internet(Perutaand Shields, 2018).Different organisations uses differential techniques to market their products digitally. It includes marketing through pay- per-clickadvertising,e-mail,socialmediasites,searchengineoptimization,multimedia messaging etc. Main purpose of digital marketing is to generate sales leads and maintain traffic of customers on company's website. It essentially helps to create open communication channels between consumer and company in order to share their views about products or services. It also encourages establishments in bridging the gap of communication. It assists companies in gathering customer data and their preferences from their reviews as well as through their internet surfing. Explanation of social media marketing It can be described as a practice of using social media sites to promote company's products and services in order to reach and influence large number of customers(Huggins and Cunningham,2019). It comprises of varied types such as paid media, influencer, content marketing and many more. It is an cost effective method of marketing as it does not need huge resources and investments. It also assists in gaining customer satisfaction for longer period. It helps to create direct connections with customers and crate huge awareness through brands. Various social sites used for marketing are facebook, Instagram, LinkedIn and many more. It is an ideal platform for advertising as it help market analysts to know about customer's buying patterns, likes and preferences in an effective manner. Importance of digital and social media marketing in contemporary business In today's world, social media sites and digital channels become most valuable and influentialplatformforadvertisingbusinessactivities(Sheremetyeva,Gorshkovaand Mitropolskaya-Rodionova,2021). Social media helps to reach a massive number of customer instantly just through posting an advertisement. It also cost less as compared to traditional methods of advertising. This also helps in gaining valuable insights for understanding customer preferences and buying patterns. Companies uses search engine optimization techniques for optimizing social media and official website in order to increase traffic of customers on them. This can be achieved by using accurate and reliable data on these sites. Companies should post true and correct advertisement for creating positive brand image. It is not allowed to post 3
anything unlawful just to influence customers. Role of digital marketing is increasing day by day in contemporary business activities. Organisation choose varied marketing tools to market their products efficiently over the globe. Organisations uses google ads and can collaborate with third party apps to display their advertisements by paying them an specific amount. PART 2 Examples of social media content and their justification in business parlance Social media content is created by companies to be post on various networking sites. There are varied ways to post an advertisement to social sites. Companies are allow to share share, articles and videos of a specified product in order to attract customers. Examples of social media content are-: Example 1 User-generated content is prepared by users of specific brand which is post by companies on their social media handles by giving credit to the creator(Dyahrini,Firmansyah and Purba, 2021). This practice is used by companies to increase customer engagement in their brand. For instance, Cadbury asked its customers to give a personalize touch to dairy milk brand and use their hashtags to post them. Later on, company post the same picture and also offers 10% discount to specific customers. This campaign has worked in engaging customer as they felt valued as their thoughts are considered by company. This helps in generating more revenue and profitability. Example 2 Company's blog post is become a significant part of website. Organisations post regularly on their social media handles about new product launch, inspirational thoughts, news articles, employees achievements and many more. Unilever has created its blog to post its varied business as well as as CSR activities. This help company to set a differentiated position in industry and get people to know about its workings. Screenshots of effective campaign of Cadbury and Unilever 4
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Figure: Social media content of Cadbury. 2022 (Source: Social media content of Cadbury. 2022) This screenshot is of Cadbury campaign where people were asked to give a personalize look to dairy milk chocolate and post it with company's hashtag. Best designs were posted by company on its official social sites. This personalized chocolate is gifted to creator and also that person is given 10% discount on his next shopping of Cadbury products. 5
Figure: Social media content of Unilever. 2022 (Source: Social media content of Unilever, 2022) This screenshot is of Unilever company from its blog post distributing noodles to people while respecting covid protocol of maintaining social distancing. Through posting its varied activities, company can enhance brand awareness and also creates positive reputation. In the above image, company is fulfilling its corporate social responsibility and create good image by posting it virtually. Effectiveness of social media content Social media is considered as an effective marketing tool that helps organisation to communicate its customers. Effectiveness of social media content is discussed below: Increase brand recognition- Social media content can be used by businesses to enhance their brand image globally. It is considered as an effective platform for make communications to potential consumers and also cater various needs of existing one. It also helps in communicating to varied stakeholders.Improves conversion scale- It is not necessary that customer see advertisement and purchase the product. They take time to be influenced and convert advertisements into 6
sales. By providing accurate and relevant content, it helps in improving customer presence.Cost effective campaign-It helps to create promotional campaign in a cost effective manner. Through social media sites, it is easy to track success of campaign in real time. Companies can also get instant feedbacks about their particular campaign. Customers provide incredible insights that is valuable for businesses to plan for future activities.Convenience- Social networking sites are most convenient source that an organisation can use. As social sites like Instagram and facebook are so convenient for users,. They can use it any time and from anywhere. This provides flexibility in implementing this marketing strategy to businesses.Customer insights-This helps immensely in generating insights about customers. Market analysts uses this strategically to find out customer's preferences, likes, dislikes and market trends. By analysing all this aspects, company can plan accordingly and makes strategies to meet consumer demands that further helps in generating more revenue. Increase traffic on websites- Using social networking sites for promoting products or services, company can increase traffic of consumers towards their websites. Companies that create high level and reliable content having defined keyword strategy can get success for long time. Promoting website links through social media sites can diversify consumers traffic towards official site of company. CONCLUSION From the above report, it has been concluded that social media marketing benefits companies in generating trustworthiness customers and also it helps to enhance brand image. Companies can collaborate with content creators and social media influencers that enhances visibility of brand. It helps to create brand image globally. Digital media channels also helps in generating leads for sales. Technology made tracking company's success so easy with the help of analytical tools and digital channels. 7
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REFERENCES Books and Journals: Hanlon, A., 2020. Ethics in Digital Marketing and Social Media.The SAGE Handbook of Marketing Ethics, p.424. Kumar, P. and Singh, G., 2020. Using social media and digital marketing tools and techniques for developing brand equity with connected consumers. InHandbook of research on innovations in technology and marketing for the connected consumer(pp. 336-355). IGI Global. Pandey, N., Nayal, P. and Rathore, A. S., 2020. Digital marketing for B2B organizations: structuredliteraturereviewand futureresearchdirections.Journal of Business& Industrial Marketing. Saraiva, P. M., 2019. Marketing Digital: A Utilização Das Mídias Sociais como um Canal de Comunicação no Varejo de Moda de Barbalha-CE/Digital Marketing: The use of Social Media as a Communication Tool in the Fashion Retail Market in Barbalha, Ceará.ID on line REVISTA DE PSICOLOGIA.13(44). pp.486-507. Cruz, A. ed., 2020.Digital and social media marketing: a results-driven approach(Vol. 7, No. 3, pp. 166-181). Suleiman, D. A., Awan, T.M. and Javed, M., 2021. Enhancing digital marketing performance throughusageintentionofAI-poweredwebsites.IAESInternationalJournalof Artificial Intelligence.10(4). p.810. Peruta, A. and Shields, A. B., 2018. Marketing your university on social media: A content analysisofFacebookposttypesandformats.JournalofMarketingforHigher Education.28(2). pp.175-191. Huggins, K. A. and Cunningham, J. E., 2019. The Social Media Magnet: A New Paradigm in Inbound Marketing Instruction. Huggins, K.A. and Cunningham, J.E., 2019. The Social Media Magnet: A New Paradigm in Inbound Marketing Instruction. Sheremetyeva, E. N., Gorshkova, L. A. and Mitropolskaya-Rodionova, N. V., 2021, April. Digital Marketing Transformation: Trends and Realities. InInternational Scientific Conference“DigitalTransformationoftheEconomy:Challenges,Trends,New Opportunities”(pp. 497-504). Springer, Cham. Dyahrini, W., Firmansyah, E. and Purba, J. M., 2021. The Effect of Digital Marketing, Digital Money on Performance PT. Indosat (Case Study in Bandung Sales Area).Psychology and Education Journal.58(1). pp.6343-6349. Online: SocialmediacontentofCadbury.2022[onlineavailablethrough]: <https://oliviaknash.files.wordpress.com/2013/02/cadbury_ydarem.png> 8