The Role of Digital Marketing and Social Media Marketing
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This report discusses the concept of social media and digital marketing, their importance in contemporary business, effective campaigns, and social media content. It also covers the models and standards for digital marketing. The report highlights the RACE model and how social media content is effective in attracting customers.
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The role of digital marketing and social media marketing
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Table of Contents Introduction.....................................................................................................................................1 Main body........................................................................................................................................1 Task 1...............................................................................................................................................1 What is marketing...................................................................................................................1 What is marketing mix and where communication mix fits...................................................2 What is digital marketing.......................................................................................................3 What is social media marketing.............................................................................................3 Explain the importance of digital marketing & social media marketing in contemporary business...................................................................................................................................3 Task 2...............................................................................................................................................4 Social media content...............................................................................................................4 Effective campaigns...............................................................................................................4 Discuss why you think the social media content is effective.................................................7 Conclusion.......................................................................................................................................8 References......................................................................................................................................9
Introduction This report will assist in better understanding the concept of social media and digital marketing.Both will assistcompanyin effectively promoting their products and service. It is consider as an component of marketing which will effectively utilize through internet &various digital technology such as computer, smartphones, and various other digital media toolsthat will help in effectively creating awareness about their products and services (Chang, and et. al. 2018). Another important concept is social media marketing which will assist an organisation in better interacting with their customers. In other words it is an another platform for promoting products & services. It is consider as a best tool as because now a days customers are more active on social media which will assist company to effectively interact with a large range of customers. This report will include a the concept of marketing, communication mix, digital marketing, socialmediamarketing,4psincludedinmarketingmix.Otherthanthisitwillinclude importance of social media marketing in contemporary business. This report will include two examples of social media content and also include effective campaigns & include the concept why social media marketing is important. Main body Task 1 What is marketing According to Philip Kotler, It refers to the science and art of exploring, creating and delivering values which assist in effectively satisfying the needs and wants of of their target market at a profit. It will help company to better identify the needs of their customers and provide products and services according to their requirement which satisfying them most.In other words marketing will include different activity and process of effectively communicating, and delivering various offers which will add more values to their customer.Marketing will play an essential role in the troth and success of an organisation. By effectively conducting the marketing activity an organisation is able to successfully achieve their organisation goal and earn higher profitability (Elisabeth, 2018). 1
What is marketing mix and where communication mix fits. According to Principles of marketing, Kotler & Armstrong, it refers to a tool or a set of tactical, which will include product, price, promotion and place. These tools are widely used by marketing professionals in all organisation. It is also known as 4Ps of marketing, which is mention below: ï‚·Products-It refers to the offerings which are offers by a marketer to its target audience which will satisfying the needs & wants of their customers most. A product can be tangible goods or a intangible services. For success of an organisation it is very important that an organisation produce goods & services according to the needs & wants of their customers or after conducting a proper research on customers preferences. ï‚·Price-It refers to the amount which is charged by the marketer in exchange of their products & services. In other words it is the amount which is paid by the customer for the consumption of company products.Itwill play an essential role in determining the profitability of company. It is analysis that marketer will require to set price according top their target customers because any adjustment in price will directly affect demand & sales of their products & services(Manish Patidar, 2021) ï‚·Place-It is also known as distribution channelwhich means make available the company product in the reach of customers.For success of any organisation it is not only important that they will provide good quality products at a reasonable price but it is also important that the product of company will be in the reach of their target customers. ï‚·Promotion-This tool of marketing mix will represent various methods or tool of communication which will assist an organisation or marketer to create awareness about their goods & services and provide information about the availability of product in the market.It will include various tools such as advertisement, personal selling and sales promotion and so on. Communication mix-It will include various kind of tools that is used by an organisation for effectively communicating with their target customers. These tools can be advertising, social media, direct marketing, events and so on. From above discussion on various factors of marketing mix it is analysis that communication mix will fit in promotion. As main objective of both the concept is to communicate to their customers bout the availability of company product in market (Fox and et. al. 2018). 2
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What is digital marketing According to Chartered Institute of marketing, it refers to a management process which is responsible for effectively identifying, anticipating and satisfying the requirements of their customers. This type of marketing will effectively use digital technology & internet based technology or devices which help company top effectively achieve their goal. In other words it is also known asdirectmarketingasbecauseitwill directlylinksconsumerswithsellers electronicallywiththehelpofinteractivetechnologysuchasemails,websites,mobile communication and so on(Rob Thompson, 2019). What is social media marketing According to(Adam Hayes, 2018)It refers to a tool which is used by an organisation for effectively marketing their products and services. They will use social networks & social media tools for promoting their products. It will assist an organisation to effectively engage with its potential customers and reach to a large range of customer by promoting their culture, mission. Various tools of social media marketing which are used by an organisation are Instagram, Twitter, Facebook and so on (Jain, 2019). Explain the importance of digital marketing & social media marketing in contemporary business. This type of business is also known as modern business. Here the word contemporary means belonging to the same period of time.It is analysis that both the concepts will play an crucial role in this type of business.Various importance are mention below: ï‚·Engagingcustomers-Itisanalysisthatboththedigitalmarketingsocialmedia marketing are the best tool for enhancing the interaction and engagement of a large range customers. Better engagement with customers will help business to achieve customers loyaltyvan (Luttrell, 2018). ï‚·Cost effective-It is analysis that social media marketing is the best and most cost effective tool of promotion now a days. It is analysis that now a day customers are more active on social media and use digital tools so it is very easy for company top effectively promote their product. 3
Task 2 Social media content The term social media is defined as the process of creating unique and attractive content in order to attract large number of customer through posting those content on the various social media platforms, the marketing manager post the creative content about the product and services or about the brand on various social media platform in order to attract large number of customers (Nanda, Pattnaik, and Lu, 2018).The content marketing is one of the most emerging form of marketing tools which allows the marketing manager to attract large number ofcustomers effectively. The content written about the product and services or about the brand is mostly posted on various social media platforms attracting large number of customers effectively. There are number of social media platforms included in to post the content such as Facebook, Instagram and twitter, these platform are the major focus of the company because of the increasing usage on theses platform among the customers. This allows the marketing manager to easily interact and connect with the potential or target customers effectively. There are number of examples that are present of social media content that can be used such as written post, videos, electronic books, images and so on, out of these the most used examples are highlighted below: Videos:The video making is one of the most common form method used by the users, where the content is made in the form of videos in order to attract large numbers of customers effectively. It is analysed that the video drives around 82% of total network traffic, live video related to the content is shared on various platform in order to attract large number of customers. Articles and Blog post:Another example of the content marketing is the articles and blog post, under this a detailed blog is written about the company including all the details and feature in order to make consumer aware of the products and services effectively (Rodriguez-Moran, 2020). Effective campaigns Lush Cosmetics' #SwishUponAStar 4
(#swishuponastar, 2020) Intheyear2020theLushcosmeticcompanylaunchedacampaignsnamedas #swishuponastar, this campaign was started in order attract large number of customers through providing them a trip to the Lush factory for the two. The users were asked to post attractive picture of piece of bath bomb art, tagging the Lush with hashtag #swishuponastar, and then the company will chose the best winner. Coors Light: #CouldUseABeer 5
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(#CouldUseABeer campaign, 2020) Intheyear2020acampaignstartedbytheCoorLightscompanynamed #CouldUseABeer this campaign aimed at attracting large number of customers through offering around six packs to anyone twitting on the twitter mentioning a specific and catching reason, this campaign started after a old age women posted a photo with caption asking for a beer, this attracted a large number of customers. Models and standards for digital marketing There are various models of digital marketing that can be used by the marketing manager in order to 7unbderstand the concept of digital marketing and enhance the perfoprmance of the business effectively. In order to understand the concept of digital marketing the RACE model is taken into consideration as highlighted below: RACE Model:This is one of the most essential model used by the marketing manager, in order to attract large number of customers effectively, this model allows the marketing manager to plan and handle their activities in more effective manner. The RACE stand for Reach, act, convert and engage. The detailed analysis of this model is highlighted below: 6
Reach:This will define that create an effective awareness about product & services between their target customers and successfully reaching them through various available social media platform such as Facebook and Instagram. Act:Once the marketing manager reach the potential customers the next is interacting with them, the marketing manageruses different platforms of social media for successfully interacting with their target customers. Convert:Under this step the marketing manager uses various marketing tools and techniques to influence the customer to make the purchase decision through online or offline mediums(Feng, Chen and Kong, 2020). Engage:under this step the marketing manager focus on building strong and long term relationship with their target customers through regularly interacting and engaging with them effectively. Discuss how social media content is effective It willplays an very essential role in attracting large number of customers and making them aware of the goods & services through using various social media platform such as Facebook and Twitter. Content is require to be creative&unique post or blog written mentioning the features and qualities of the product and services in detailed which allows marketing manager to attract large number of customers, with increasing use of various social media platform among the customers large number of companies are moving towards this platform to attract potential customers and directly interact with them. The social media content allows the marketing manager to attract large number of customers and due to the large number to users available on these platform the business organisation can directly interact and connect with their customers which helps company to increase their customersbase and enhance their profitability and productivity(Yee, and et. al. 2021). 7
Conclusion From above discussion on this report it concluded that both digital nd social media markting willplays an very essential role in attracting large number of customers and making them aware of the product and services through the use of different available tools.This report will assist in better analysing the concept of marketing and various available tools or platforms which will assist an organisation to better identifying their customers needs and requirements. It is analysis that social media content will assist an organisation in effectively attracting their potential or new customers towards company products. Other than this through an effective campaign company will Crete an effective brand image in market. 8
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References Books and Journals Chang, H.L., and et. al. 2018. Will firm's marketing efforts on owned social media payoff? A quasi-experimental analysis of tourism products.Decision Support Systems.107.pp.13- 25. Elisabeth, E., 2018. Analisis dan Perancangan Model Digital Marketing Pada Universitas Atma Jaya Makassar.TEMATIKA, Journal of Informatics and Information Systems.6(1). pp.9-16. Feng, Y., Chen, H. and Kong, Q., 2020. An expert with whom I can identify: The role of narratives in influencer marketing.International Journal of Advertising.pp.1-22. Fox, A.K., and et. al. 2018. Selfie-marketing: exploring narcissism and self-concept in visual user-generated content on social media.Journal of Consumer Marketing. Jain, V., 2019. Digital Marketing Approaches for Generation Y to Position PhD or FPM Program. InNew Age Admissions Strategies in Business Schools(pp. 294-309). IGI Global. Luttrell, R., 2018.Social media: How to engage, share, and connect. Rowman & Littlefield. Nanda, M., Pattnaik, C. and Lu, Q.S., 2018. Innovation in social media strategy for movie success: a study of the Bollywood movie industry.Management Decision. Rodriguez-Moran, M., 2020. Emotional Connection: The Importance of the Brand Voice in Social Media for Global Growth. InDigital and Social Media Marketing(pp. 305-312). Springer, Cham. Shields, A.B. and Peruta, A., 2019. Social media and the university decision. Do prospective students really care?.Journal of Marketing for Higher Education.29(1). pp.67-83. Yee, W.F., and et. al. 2021. How does social media marketing enhance brand loyalty? Identifying mediators relevant to the cinema context.Journal of Marketing Analytics.pp.1-17. Online (ManishPatidar,2021).[Online]Availablethrough <https://www.enotesmba.com/2013/03/marketing-notes-marketing-mix.html> (Rob Thompson, 2019). [Online] Available through <https://trendjackers.com/what-is-digital- marketing-digital-marketing-defined/> (AdamHayes,2018).[Online]Availablethrough <https://www.investopedia.com/terms/s/social-media-marketing-smm.asp> CoorsLight#CouldUseABeerAdCampaign,2020.[Online]Availablethrough <https://www.projectdigital.org/coors-light-coulduseabeer-ad-campaign/> LushCosmetics'#SwishUponAStar,2020.[Online]Availablethrough <https://www.socialreport.com/insights/article/360020336852-The-Top-5-Holiday-Social- Media-Campaigns-of-All-Time> 9