This assignment focuses on summarizing research related to social media marketing conducted in 2016. It requires you to analyze provided academic papers focusing on topics like digital marketing strategies, performance measurement, consumer behavior in the digital age, and the role of social media in marketing communications.
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Running head: INNOVATIONS OF DIGITAL MEDIA MARKETING Innovations of the digital media marketing Name of the student Name of the University Author note
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1INNOVATIONS OF DIGITAL MEDIA MARKETING 1. The ladder of engagement Digital marketing is termed as the utilization of various concepts which is geared towards the increase of audience to a website. This is a form of online conversions where a company or organization, usually in the form of their website is used to meet audiences by leveraging the power of internet. Due to the increase in the internet adoption by various companies, the utilization of marketing concepts have been in place which is the cause for driving sales to the company. As a result, various funnels for digital marketing are in place for this reason. One of the digital marketing techniques is the ladder of engagement. This is involved in providing a step by step process which consists of defining the steps to follow for marketing. This process does not involve the immediate method of advertising where the end-users are asked for engagement. Instead, they are shown various objective ideas which are associated with the users engaging on the content (Chaffey 2016). As a result, this leads to the increase in the engagement received on the particular content and as a result, this leads to the meeting of the objectives of the marketer. Many companies are involved with this level of engagement which helps in increasing the level of engagement perceived by the company. The company Amazon is termed as a very big ecommerce company. Their main business model involved connecting the sellers with the buyers. These sellers list the products and the buyers purchase them. This is the main business model of the company. They also use the ladder of engagement marketing strategy for their business applications. This result in the company reaches out to their audience and get conversions. The company has adopted the use of the ladder of engagement concept in various ways. The first step involved is getting a customer to review on the product. This helps in getting
2INNOVATIONS OF DIGITAL MEDIA MARKETING feedback from the customer and showcase on their website. The next step involved is to show the feedbacks to the other customers. If a customer sees the feedback obtained on that product, it gives a positive reaction and persuades them to purchase the product. This is the main concept involved. The customers are notified to come and review the product, which is an indirect way of persuading them to make sales for the company (Stone and Woodcock 2014). According to the lower levels of the ladder, the customers are allowed to give feedbacks on the system which will then be used to showcase the features of the product. This is also an indirect form of advertisements which helps in making sales for the company. Figure 1: Ladder of engagement (Source:Caldwell 2017, pp 130) The utilization of these steps is used for making profit for the company. This is the main reason why the Amazon Company has made great success in their productions. Similarly, the
3INNOVATIONS OF DIGITAL MEDIA MARKETING engagement of the customers has also been increased due to the adoption of such programs of digital marketing. 2. Evaluation of social media platform For the evaluation of a social media platform, Facebook is chosen for making an analysis. This is an excellent website with over a billion people who surfs their social pages. Many people are interested in surfing facebook pages more than they surf the internet. For this reason, this paper has made an analysis of the marketing solutions provided by Facebook. There are various methods utilized in marketing business by the use of Facebook. This is mainly involved in increasing the customer engagement gathered on their businesses. Now-a- days, most of the online businesses are linked to their facebook fan page (Levy and Gvili 2015). This is mainly involved in increasing the user engagement of the audiences involved of that business website. There are various methods of utilizing the facebook marketing options which are mainly being used by various online marketers across the world. Marketing ways The first method of using the Facebook marketing feature is to connect the business page with the website. This helps in generating social traffic to the website which in turn leads to the increase in the engagement of the audience. This is a great way to increase the social media traffic for companies. The next method used by facebook is advertising to audiences. Facebook uses classic advertisements which can be used to target audiences depending on countries, age groups or gender (Karjaluoto, Mustonen and Ulkuniemi 2015). Moreover, the use of Facebook ads can also
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4INNOVATIONS OF DIGITAL MEDIA MARKETING be used to target audiences depending on their behaviors like gaming, businesses or other interests. Moreover, depending on these interests, marketers can be able to pinpoint their content to these people with these specific interests such that it can get much amount of targeted reach and engagement. The third method is reaching out to influencers on Facebook. Influencers are people which have a significant amount of audience reach in a particular interest. Business organizations or companies are many times found to reach out to these influencers for promoting their services (Urban, Gosline and Lee 2017). This helps the company to reach the people with much lesser funds which allow them to increase their sales. The fourth method of facebook marketing is retargeting the users who previously were targeted. It sometimes happens that a post fails to get the attention of the people or a customer does not get engagement. Facebook retargets them so that this can be used for getting the required engagement on the posts. Lastly, the use of promoted posts is another way of digital marketing. In this case, the posts are promoted to the audience of the business facebook page. This helps in getting more conversions as all the audiences are normally shown the ads for engagement. Critical analysis of Facebook using the seven step framework StepTaskSolutions 1.What is the aspect of business?Businessonfacebookisdonebyutilizingthe analytics and ads section. 2What is the main purpose of this?The main utilization of business from facebook is to increase the engagement obtained from users across
5INNOVATIONS OF DIGITAL MEDIA MARKETING the world 3.What are the benefits?This helps a website to increase their social media traffic and increase the engagement on their services which helps in driving sales. 4.Disadvantages of facebook adsIt takes time to build an audience. Moreover, owners needtomaintainconstantrelationshipwiththe audiences. 5.Specifications of facebook adsPeople are required to pay for CPC rates which must be higher than other advertisers or close to trigger the display of the content. 6.Types of marketing usesImage ads, video ads, conversion ads 7.Presence of alternativesThere are other social media marketing platforms like Twitter or Pinterest. 3. Website checklist A website checklist is supposed to be an evaluative tool which helps to denote the performance of the website by checking its response to the listed criteria. The checklist is usually comprised of various conditions and based on these conditions, a website is evaluated. If the website is seemed to successfully respond to the criteria, a tick mark is provided at the end of it (). On the other hand, if the website is not able to meet the response listed, then a cross (X) mark is listed at the end of the list. For evaluating the usability of a website, the checklist that is usually applied is more or less similar for every websites. This is mainly because the operations of a website are similar in
6INNOVATIONS OF DIGITAL MEDIA MARKETING every aspect. The main difference among the various websites is the types of services that are provided. In case of blogger websites, the intention of the website owner is to educate the audience regarding any associated information (Leeflang et al. 2014). These usually make their revenue by hosting ads on the page or referring to a product for commissions. The next type of website is the ecommerce websites which earns revenue through their products. Lastly, company websites are design related websites which is involved with both a front-end and a back-end. The checklist involved is similar in all these cases. The chosen website is topman.com. This is basically an ecommerce website which is mainly involved in the selling of apparels. These apparels mainly involve men’s fashion. As a result, the audience of the website is male audiences (Caldwell 2017). Their products include clothing, jeans, suits and accessories. This website will be considered for evaluating against the made checklist. All the associate web-pages of this site will also be considered for the complete evaluation. Website checklist 1. Accessibility FeaturesRating Reasonable load-time of the website Decent text-background ratioX Spacing/font size is decent Present of 404 error page 2. Identity
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7INNOVATIONS OF DIGITAL MEDIA MARKETING FeaturesRating Prominent placement of the company logo Decent meaning of the company tagline Clear company informationX Clear contact informationX Clear perception of information from the home page 3. Navigation FeaturesRating The navigation of the main home page is easily identifiable The navigation of the website can be easily found out The presence of links in the website are justified The logo of the company is linked to the home page of the website The search bar of the website is easy for accessing 4. Content FeaturesRating The headings are very clear and descriptive There is consistency in the color and the style of the webpage There is sparse use of emphasis on the content of
8INNOVATIONS OF DIGITAL MEDIA MARKETING the website The popup or the advertisements are unobtrusiveX The main content of the website is self-explanatory for initiating engagement X The URL of the website is meaningful and user- friendly 4. Trend analysis involving niches The modern era of digital marketing has made various innovations in the market mainly due to the fact that they have been able to boost revenue of a company or has made various channels of revenue for the company involved. One such trend is the niche identification. The identification of niches is important for any online service to get the proper level of marketing needed. Basically, people belonging to a niche are usually comprised of a specific interest which makes up that niche (Rowley and Keegan 2017). When a website which sells services similar to that niche advertises their product, there is a high chance that the level of conversions perceived from them is really high. For this reason, the need to identify niches is really important in case of any businesses. In the recent years, the growth of specific niches is the main innovations that have been in the market. Airbnb and Uber are the most successful business models in their specific niche. Their niche is B2B which is defined as business to business. Both of these companies are usually involved with connecting businesses (Ryan 2016). The operations of Airbnb are involved with connecting house owners across the world. The platform of Airbnb connects them to their extensive lists of customers who stay at these rented houses. In a similar manner, Uber is
9INNOVATIONS OF DIGITAL MEDIA MARKETING involved in connecting drivers to passengers. Here, drivers can list their cars to the network of Uber and customers can easily book a cab. These are the two specific business models of the companies which are mainly targeted towards the B2B niches. Utilizing this model, many new companies have been found to operate using the same niche. As a marketer, the analysis of a niche is extremely important for getting the required conversion in terms of sales or user signup. The companies that have been listed above also provide affiliate marketing. This means that people around the world can promote their services and earn commissions from them. This will help in generating commission for people and in the same time lead to increase in business for the company (Chaffey and Ellis-Chadwick 2016). This is the main consideration that marketers must be wary of. The need to consider niches in the market is the first thing to succeed here. This will increase the conversion rate from both end of the business. The increase in luxurious items niches are also another breakthrough in the modern world. The business model of these niches is similar to the other companies where the sole difference is in the services that are considered. Storefront, Appear Here and many other business companies have adopted the similar business models of niche marketing where customers can rent retail space or buy space. This model of business has been utilized by many other companies across the world. 5. Transition of magazines in the digital media The transition of digital media has been adopted by various companies in their marketing strategies. These have been adopted in the transition of the offline marketing through magazines to online digital magazines. The use of the digital magazines has been increased in UK. This has
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10INNOVATIONS OF DIGITAL MEDIA MARKETING led to the increase of targeting for marketers in the digital media sections which in turn have led to the increase in the revenue made (Kasemsap 2018). The use of the digital media is a great way to generate content and get contents. As a result, various companies or business organizations have been using the relevance of digital magazines in their strategies for reaching out to new audiences. The involvement of the digital media marketing can also be done through the use of online magazines. In the last 12 months in UK, the increase in engagement can be evident through the increase of online purchases. This has led to the increase of market acquisition for brands that targets users by using online magazines for them. The increase in the purchase of digital magazines is over 30% in the United Kingdom. However the only benefit for this media buying strategy is for fashion brands which have made effective increase in their acquisition rate through the use of this channel of marketing. Figure 2: Market acquisition of online magazines in UK (Source:Jones, Alford and Wolfenden 2015, pp 169)
11INNOVATIONS OF DIGITAL MEDIA MARKETING The use of digital marketing is greatly associated with the involvement of the content marketing aspects. The use of the content marketing is greatly seen in the use of the digital magazines or newspapers for promotions (Jones, Alford and Wolfenden 2015). As a result, the improvement of the market has been subjected to increasing engagement from the users. Now, the use of infographic advertisements is also a trend in the digital media. It can be seen that the involvement of content marketing has greatly driven engagement for various companies in the market of UK. The increase in impacts of content marketing is 18% in the year 2016. Figure 3: Increase in content marketing (Source:Bosomworth 2015, pp 50) The increase in digital media has led to the tracking of users through their devices. This has led to a study which shows that the digital media usage in terms of devices have been changed significantly (Bosomworth 2015). These devices are tablets, e-book readers, desktop and Smartphone. This is also another cause for the increase in content marketing through digital
12INNOVATIONS OF DIGITAL MEDIA MARKETING marketing for reaching out to the number of customers present across the world on the specific niches. Figure 4: Percentage increase in readers (Source:Leeflang et al. 2014, pp 10) The digital magazines are usually made in the form of PDF files. These are usually loaded with content and images which denotes the utilization of a magazine. In addition, the marketers who make these digital magazines embed their website URL in the PDF. This generates a form of engagement from the users of the magazines which in turn led to the increase in the revenue made on the company.
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13INNOVATIONS OF DIGITAL MEDIA MARKETING 6. References Baker, M.J. and Saren, M. eds., 2016.Marketing theory: a student text. Sage. Bosomworth, D., 2015. Mobile marketing statistics 2015.Leeds: Smart Insights (Marketing Intelligence) Ltd. Caldwell, D., 2017. Printed t-shirts in the linguistic landscape.Linguistic Landscape,3(2), pp.122-148. Chaffey, D. and Ellis-Chadwick, F., 2016.Digital marketing. Prentice Hall. Chaffey, D., 2016. Global social media research summary 2016.Smart Insights: Social Media Marketing. Charlesworth, A., 2018.Digital marketing: A practical approach. Routledge. Heinze, A., Fletcher, G., Rashid, T. and Cruz, A. eds., 2016.Digital and Social Media Marketing: A Results-driven Approach. Taylor & Francis. Järvinen,J.andKarjaluoto,H.,2015.TheuseofWebanalyticsfordigitalmarketing performance measurement.Industrial Marketing Management,50, pp.117-127. Jones, R., Alford, P. and Wolfenden, S., 2015. Entrepreneurial marketing in the digital age: A study of the SME tourism industry. Kannan, P.K., 2017. Digital marketing: A framework, review and research agenda.International Journal of Research in Marketing,34(1), pp.22-45.
14INNOVATIONS OF DIGITAL MEDIA MARKETING Karjaluoto, H., Mustonen, N. and Ulkuniemi, P., 2015. The role of digital channels in industrial marketing communications.Journal of Business & Industrial Marketing,30(6), pp.703-710. Kasemsap, K., 2018. Enterprise Information Systems and Digital Marketing: Advanced Issues andImplications.InE-ManufacturingandE-ServiceStrategiesinContemporary Organizations(pp. 53-71). IGI Global. Leeflang, P.S., Verhoef, P.C., Dahlström, P. and Freundt, T., 2014. Challenges and solutions for marketing in a digital era.European management journal,32(1), pp.1-12. Levy, S. and Gvili, Y., 2015. How Credible is E-Word of Mouth Across Digital-Marketing Channels?: The Roles of Social Capital, Information Richness, and Interactivity.Journal of Advertising Research,55(1), pp.95-109. Paul, P., Bhuimali, A., Aithal, P.S. and Bhowmick, S., 2018. Business Information Sciences Emphasizing Digital Marketing as an Emerging Field of Business & IT: A Study of Indian Private Universities. Rowley, J. and Keegan, B., 2017. Looking back, Going forward: the role and nature of systematic literature reviews in digital marketing: a meta-analysis. Ryan, D., 2016.Understanding digital marketing: marketing strategies for engaging the digital generation. Kogan Page Publishers. Stephen,A.T.,2016.Theroleofdigitalandsocialmediamarketinginconsumer behavior.Current Opinion in Psychology,10, pp.17-21.
15INNOVATIONS OF DIGITAL MEDIA MARKETING Stone, M.D. and Woodcock, N.D., 2014. Interactive, direct and digital marketing: A future that dependsonbetteruseofbusinessintelligence.JournalofResearchinInteractive Marketing,8(1), pp.4-17. Tiago, M.T.P.M.B. and Veríssimo, J.M.C., 2014. Digital marketing and social media: Why bother?.Business Horizons,57(6), pp.703-708. Urban, G.L., Gosline, R. and Lee, J., 2017. The Power of Consumer Stories in Digital Marketing.MIT Sloan Management Review,58(4).