Impact of Social Media Marketing on SMEs during Recession
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Added on  2023/01/09
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This study examines the impact of social media marketing on small and medium-sized enterprises (SMEs) during recession. It analyzes the positive and negative impacts of social media marketing on SMEs, as well as its role in maintaining composure and enhancing goodwill. The study also explores the most efficient medium of digital marketing for SMEs.
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DATA ANALYSIS 1
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Theme 1:Are you familiar with the concept of digital marketing Specifically Social media marketing? ParticularNumber of respondentPercentage of respondent Yes4692 No48 Total50100 1 0 10 20 30 40 50 60 70 80 9084 16 Yes No Interpretation: After understanding the variety of the information collected from different respondent in the survey it has been clearly understand that there is good sort of understanding among different organization in term of Social media marketing. As it has been understand that out of 50 participant pool 46 were with the opinion of yes in the survey. On the same note 4 were against the same. This is very good sign as varieties of different information which will be learnt from the survey will provide more appropriate answer and these survey will help in getting good sort of the primary data so that on the basis of the same different sort of decision can be made way easily in the survey by the scholar. 2
Theme 2:Out of all the option presented below which medium of Digital marketing is more efficient in your thought? ParticularNumber of respondentPercentage of respondent Content marketing816 Social Media marketing3672 Email Marketing24 All of Above48 Total50100 16 72 48 Content marketing Social Media marketing Email Marketing All of Above Interpretation: Social media marketing is one of the best Digital marketing medium which can be used in the organization. This statement has been passed on by the scholar by evaluating the primary data which has been collected in the survey. Collected data with the help of the primary data collection method shows that out of the pool of 50 participants, 36 has gone with the alternative of social media marketing in the survey. Other than that 8 participants has gone with the alternative of Content marketing, 2 has selected or chosen the option of Email marketing and remaining 4 participant has gone with the alternative of All of the Above. This is well supported by the Author in the Literature review section as well. As author has highlighted that social media marketing is one of the trending Digital marketing platforms in general. 3
Theme 3:In your point of view what is the best or main usage of Social media marketing in market? ParticularNumber of respondentPercentage of respondent Optimum utilization of resources3672 Building brand awareness in market816 Increases market share in market36 All of above36 Total50100 4
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Optimum utilization of resources Building brand awareness in market Increases market share in market All of above Interpretation:Collecting data as a part of primary data analysis purpose it has been understand that Building brandawarness in the market is one of the prime reason which generally used to drive all the organization to select social media marketing in general. LR unit of report explain that social media marketing used to open good sort of market in front of the company, this is one of the important reason which used to assist the company in improving the level of brandawarness in the market. Collected data in the survey shows that out of 50 individual pool 36 participant has gone with the option of building brand awareness, 8 participants has selected the alternative of optimum utilization of resources, 3 each participant or respondent has selected the alternative of Increase market share in market and all of above option respectively. Theme4:Issocialmediausedtoplaysignificantroleinmanagingrecessionforthe organization? ParticularNumber of respondentPercentage of respondent Yes4284 No816 Total50100 5
1 0 10 20 30 40 50 60 70 80 9084 16 Yes No Interpretation :Social media platform is the best marketing platform which can be adopted by the organization to manage the impact of recession at the workplace. As out of the data which has been collected with the help of the primary data collection tool i.e. survey, it has been identified that out of 50 individual pool 42 participant has gone with the alternative of yes in the market, at the same time only 8 participant in the survey has gone with the option of no in the survey. This is suggested or passes on by the author in the Literature review section of the report as well. As author highlights that there are variety of different sort of the benefit which is seen by the organization due to social media marketing in the organization. Hence from the question it can be clearly understand that Social media platform is best platform at the time of recession in the market. Theme 4:What are the positive impacts which are brought by Social media marketing at the time of the recession? ParticularNumberof respondentPercentage of respondent Help in maintaining competition3876 Help in selecting the target market area48 Help in improving working environment of company36 All of above510 Total50100 6
Optimum utilization of resourcesBuilding brand awareness in marketIncreases market share in marketAll of above 0 10 20 30 40 50 60 70 8076 8610 Series1 Interpretation:When asked about the positive impact of social media at the time of recession it was understood that social media marketing in the recession period used to help the company in selecting the target customer base of the company in easier way. This significance was also highlighted by the different author in the Literature review unit of the report as well. Looking at the data collected it was analysed that out of 50 respondent pool, 38 participant has gone with the option of the same, from the same it was understand that there is one sided opinion of different individual in the survey. At the same time looking at different option selection it was identified that 4 participant has gone with the alternative of help in maintaining competition in the market, 3 participant has selected the alternative of help in improving the working environment of the company in the long run. Remaining 5 participants has gone with the alternative of all of the above option from different option available in front of the scholar to be used in real. Theme 5:Is Digital marketing help the company in maintaining composure of the company even in the tough times like recession? ParticularNumber of respondentPercentage of respondent Yes4284 7
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No816 Total50100 1 0 10 20 30 40 50 60 70 80 9084 16 Yes No Interpretation:Digital marketing can be define as a sole saver for different organization in the tough time such as recession also. This statement has been passed on by the scholar by seeing the result of the question which has been asked by the scholar in the survey. As collected data with the help of the primary data collection tool it has been identified that out of the pool of 50 participants in the market it has been understand that 42 participant has gone with the alternation of yes in the market. At the same time remaining 8 participants in the research has gone with the other alternative in the research. So from the result it has been clearly identified that digital marketing is very helpful in the time period of recession in the market. Theme 6:What are the negative impacts which are brought by Social media marketing at the time of the recession? ParticularNumber of respondentPercentage of respondent Not guarantee result4080 Create uncertainty among employee48 Information gather may be misleading24 8
All of above48 Total50100 80 848 Not guarantee result Create uncertainty among employee Information gather may be misleading All of above Interpretation:After going on the variety of the selection which has been done by the different individual in the survey in regards of the same it has been identified that social media marketing in the organization does not guarantee the success for the organization. As it has been identified that almost 80 percent of the respondent has selected the same as their prime alternative in the market. Other than looking at the other analysis it has been identified that 4 participant in the report has identified that they were in the favour of creating good sort of uncertainty among the employee in the organization. 2 respondents in the research has gone with the alternative ofInformation gather may be misleading. Remaining 4 participants in the survey was with the opinion of all of the above option in the survey. Theme 7:In your thought which sort of the impact are seen by Small Scale organization due to social media marketing? ParticularNumber of respondentPercentage of respondent 9
Positive impact4284 Negative impact816 Total50100 1 0 10 20 30 40 50 60 70 80 9084 16 Positive impact Negative impact Interpretation: Positive impact is the what which is brought by the Social media marketing on the performance of different SMEs in the market. It has been identified that out of the pool of 50 odd individual in general 42 has gone or selected the alternative of positive impact in the market. Whereas 8 participants in general has gone with the alternative of Negative impact in the market. It is highlighted by author in the Literature review section of the survey as well. It has been presented by the author in the market that Social media marketing in general in the organization used to bring the good and positive impact which generally used to help the company in different marketing situation in the long run. Theme 8:In your thought what are positive impact seen by SMEs due to social media marketing? ParticularNumber of respondentPercentage of respondent Competition maintaining48 Target market of company816 10
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Enhance working environment of company24 All of Above3672 Total50100 816 4 72 Competition maintaining Target market of company Enhance working environment of company All of Above Interpretation:There are more than one sort of the benefit which is seen by the different SMEs by selecting social media marketing as a main marketing strategy of the company in the long run. As data collected with the help of primary data collection method shows that out of 50 individual pool 36 of them has gone with the opinion of all of the above option. These certainly means that organization used to think that Social media marketing used to help the company in competition maintaining, select target market of the company and also help in enhancing the working environment of the company in the long run. Other than this number of participant 8 participants has gone with the alternative of competition maintaining. 4 participants has gone with the alternative of target market of company and 2 participant in the survey has gone with the alternative of Enhance working environment in the company. Theme 9:In your opinion is SMEs used to get help in enhancing goodwill of company due to social media marketing in the market. ParticularNumber of respondentPercentage of respondent Yes4590 11
No510 Total50100 1 0 10 20 30 40 50 60 70 80 90 100 90 10 Yes No Interpretation:From the data collected with the help of the primary data collection tool it can be said that SMEs in the market generally used to see good amount of success in improving the goodwill of the company in the long run. As it has been identified that data collected shows that out of the total participant pool of 50 individual 45 participant has shown the interest toward the same in the survey. At the same time only remaining 5 participant in the survey has shown the interest against the same in the survey. So from the result it can be easily interpreted that Social media marketing help SMEs in building good goodwill of the company in the market. Theme 10:In your opinion is SMEs used to get help in enhancing goodwill of company due to social media marketing in the market? ParticularNumber of respondentPercentage of respondent By maintaining clear communication612 Adoption of changes48 12
Selecting multiple social media platform3468 All of Above612 Total50100 128 68 12 By maintaining clear communication Adoption of changes Selecting multiple social media platform All of Above Interpretation:Selecting multiple social media platform is the best platform which has been highlighted by the survey. As collected data with the help of the primary data collection tool it has been analysed that 34 participant has selected the option of selecting multiple social media platform in the market. This outcome was also highlighted by the Author in the Literature review section of the report. Other than that 6 participant has gone with the alternative of maintaining clear communication in the market. Remaining 4 and 6 participant in the research has selected the alternation of Adoption of change as well as All of the above alternative from the survey. 13
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APPENDIX 1 14
Questionnaire Name Age Are you familiar with the concept of digital marketing Specifically Social media marketing? ï‚·Yes ï‚·No Out of all the option presented below which medium of Digital marketing is more efficient in your thought? ï‚·Content marketing ï‚·Social Media marketing ï‚·Email Marketing ï‚·All of Above In your point of view what is the best or main usage of Social media marketing in market? ï‚·Optimum utilization of resources ï‚·Building brand awareness in market ï‚·Increases market share in market ï‚·All of above Is social media used to play significant role in managing recession for the organization? ï‚·Yes ï‚·No What are the positive impacts which are brought by Social media marketing at the time of the recession? ï‚·Help in maintaining competition ï‚·Help in selecting the target market area ï‚·Help in improving working environment of company ï‚·All of above Is Digital marketing help the company in maintaining composure of the company even in the tough times like recession? ï‚·Yes ï‚·No What are the negative impacts which are brought by Social media marketing at the time of the 15
recession? ï‚·Not guarantee result ï‚·Create uncertainty among employee ï‚·Information gather may be misleading ï‚·All of above In your thought which sort of the impact are seen by Small Scale organization due to social media marketing? ï‚·Positive impact ï‚·Negative impact In your thought what are positive impact seen by SMEs due to social media marketing? ï‚·Competition maintaining ï‚·Target market of company ï‚·Enhance working environment of company ï‚·All of Above In your opinion is SMEs used to get help in enhancing goodwill of company due to social media marketing in the market. ï‚·Yes ï‚·No In your thought what is the best way through which Social media marketing can be performed in organization. ï‚·By maintaining clear communication ï‚·Adoption of changes ï‚·Selecting multiple social media platform ï‚·All of Above 16