Practical Digital Marketing for BSc (Hons) Business Management with Foundation - BMP3006
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This report discusses the meaning of marketing and marketing mix, digital marketing, and social media marketing. It also provides examples of effective social media campaigns and explains why social media content is effective. The subject is Practical Digital Marketing for BSc (Hons) Business Management with Foundation - BMP3006.
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BSc (Hons) Business Managementwith Foundation BMP3006 Practical Digital Marketing Assessment 1 The role of digital marketing and social media marketing – theory and examples Submitted by: Name: ID: 1
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Contents Introduction1 Part 1p-p Explanation of marketingp An explanation of what the marketing mix is and where the communications mix fits p An explanation digital marketingp An explanation of social media marketingp An explanation of why Digital marketing andsocial media marketingare important to contemporary businessesp Part 2p-p Two examples of social media content that really work and justification of why they work p Screen shots of effective campaigns with reference to established models and standards for digital marketingp Why social media content is effective?p Conclusionp Referencesp 2
Introduction Digital Marketing is one of the important component pf marketing. It helps to use online technology and such as computer, mobile and other digital devices. The aim is to promote the organization and promote the products and services of organization(Deepak and Jeyakumar, 2019). This report is based on understanding the meaning of marketing and marketing mix that helps the organization to communicate effectively. There is discussion related to social media marketing and its importance in contemporary business. Also, there are examples of social media and explanation related to its benefits. In the end there is discussion related to effectiveness of social media content. Part 1 Explanation of marketing Marketing is one of the essential function of management. The aim is to persuade buyers to purchase goods and services of business. Each and every business organisation uses marketing as it helps to increase the sales of organisation(Mothersbaugh and et.al., 2020). Marketingsupportscommunicationof organisationand spreadsinformationrelatedto company. There are various strategies that are formulated by the organisationto spread awareness about the products served by the company. The sales of company can be enhanced with the help of using effective marketing tools. An explanation of what the marketing mix is and where the communications mix fits Marketing mix of an organization includes the set of actions, tactics that are used by an organization to promote its brand. It helps to differentiate their products from that of others. A company use all the 4P's of marketing form strong strategies that are important for the growth and success of business organization. The 4P's include discussion related product, price, place and promotion. Product: This includes goods and services in which the organization deals. The product of an organization is designed in such a manner that it helps to satisfy the needs and wants of customers(Thabit and Raewf, 2018). A company should understand the product life cycle of a product so a to make innovation and development in product so that they are able to satisfy customers. Price:Thepricingstrategyofacompanyplaysavitalroleinattractingthe customer's. The company must work in such a manner that they are able to achieve economies of scale(Lim, 2021)(Dost and et.al., 2019)(Bala and Verma, 2018)(Chaffey and 3
Ellis-Chadwick, 2019)(De Pelsmacker, Van Tilburg and Holthof, 2018). This will help to serve more customers. It is important to provide discounts on regular basis so that the customers are regular for the organization. Place: This is the decision related to place where the customers will sell the products. It is important to choose right channel of distribution as it helps to serve the customers in an effective way. Promotion: The strategies that are used by an organization to promote the goods and services come under the category of promotion. There are various tools of promoting the product such as advertisement in TV, magazine, hoarding etc. Nowadays the organizations are switching towards digital platforms as they have wider reach. By using all these 4P's of marketing the company is able top communicate effectively with the customers. As a company works to form their products strong and better than competitors. They also provide the goods at affordable price to the customers and choose a right place to serve them(Kaur, 2017). With regard to promotion the company is able to communicate with its customers. As the promotional tools help in spreading information about the product of company. Nowadays there is option of positive review on the website of company. There the customers can write both negative and positive comments. The positive comments are motivating for the company. Also, they take care of negative comments and try to resolve the problem faced by the customers. This is how the organization is able to communicate with the customers. An explanation of digital marketing Digital marketing can be defined as online marketing. It is a tool used by marketing team to attract the customers through various platforms such as social media marketing, content marketing, video marketing, e-mail marketing to achieve the targets of company (Kannan, 2017). For example, Tesco uses digital marketing and that helps the company to attract more customers and enhance its sales. It can also be defined as a platform that allows the company to attract more customers. It is seen that digital marketing has wider reach and assist company in serving more customers. To illustrate, Burberry use the digital marketing platforms such as social media marketing and that helps the company to reach more number of customers. An explanation of social media marketing Social media marketing is a technique of digital marketing. It means use of social media platforms such as Facebook, Instagram, Twitter, YouTube that are used to attract the customer's. For example the AIDA model is used by Coco-Cola through social model 4
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platforms. The focus was to make customer's aware about the diet coke offered by company (El Junusi, 2020). Social media marketing can be defined as a form of internet marketing that is used by organisations to attract more customers. It is a form of e-marketing that includes use of social media platforms to reach more customers and to enhance communication with customers. To illustrate,Expression Fiber Arts used social media marketing and it helped the company to generate interest of customers and enhance the annual sales of the company. An explanation of why Digital marketing andsocial media marketingare important to contemporary businesses It is important to note that now each and every business is switching towards digital platforms and it is due to digitalisation. The company that uses traditional method of marketing will be left out. So, it is important to note that a company must use digital marketing to gain advantage over the competitors. Along with that it helps the company to enhance loyalty of customers towards the organisation. Also, the use of digital marketing platforms help top reach more customers. Social media marketing helps to enhance the sales of organisation. As more people are available on social media platforms (Social Media Marketing for Businesses, 2020). If they get attracting post and advertisement related to the products then this will persuade and will benefit the company. At the same time social media marketing is cost effective way of attracting customers. It is analysed that a company that uses digital marketing is able to operate effectively and also gain lead over competitors. A company must decide the platform as per the neds of customer. There is need of using updated technology to work effectively in contemporary businesses. Part 2 Two examples of social media contents that really work and justification of why they work Social media marketing is an effective tool that helps the company to enhance the sales. It is important to note that a company must switch to social media marketing so that they are able to attract more customers(Saura, Palos-Sanchez and Correia, 2019). There are huge number of platforms that can be used by an organisation such as Facebook, Instagram, Twitter, LinkedIn, YouTube, Pinterest etc. All the business organisation are able to enhance their sales as well as able to reach more customers. It is observed that companies use social 5
media campaigns that are helpful for them. Some of the effective campaigns are discussed underneath: Coca-Cola is one of the famous organisation and the one that has gained a lot through use social media marketing. The company is able to enhance its sales by using effective campaignsonsocialmedia(Lies,2019).Thecompanyspendsaround$4Billionin worldwide advertising. The company used AIDA model to attract the customers towards the product of organisation. The work to find the problem of customers (Attention). Then try to find solution (Interest). Then the company checks the desire of customer's. In the end actions are taken by the organisation to solve the problem of customers and serve them effectively. Expression fibre Art:The company is has understood the importance of social media marketing and using effective toolsenhances the sales of organisation. The company is able togrown and earn more than $1 Million in annual sales. The have focused on Facebook and thathelpsthemto achievesuccessandattractthem(Key,2017). They weregiving opportunity to download free offer coupons to the Facebook users. Screen shot of effective campaign with reference to established model and standard for digital marketing Diet coke by Coco-Cola: 6
Coco-cola understood the need of diet coke and launched the product. It is important to note that a company should provide the information to its customers. The company used social media marketing to reach more customers(Ištvanić, Crnjac Milić and Krpić, 2017). There are social media platforms such as Instagram and Facebook that help them to reach more customers. ExpressionFiberArts:Thestarteda marketingcampaignonFacebook.The company is able to attract more customers and enhance its reach by operating on social media platform. The are able to enhance the sales and reach $1 Million annually. The have used new and updated pattern to the customers(Housley and et.al., 2018). This also helped them to attract customers. A company that is able to use social media marketing is able to serve customers in an effective manner. 7
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Why social media content is effective? Social media is effective in today's time. A company that is able to use social media effectively earns more profitability and revenue(Baum and et.al., 2019). It is necessary for a company to use good content on social media that helps them to attract customers. The reasons that show the effectiveness of social media content is as follows: Consumer in control:The organisation is able to have control over the customers. As the effective content posted on social media websites keep the customers attracted towards the organisation. It assist the company to understand the needs of customers and then provide information and content that is preferred by the company. Convenience:It enhances the convenience of customers. They are able to satisfy the needs and wants of customers(Segerberg, 2017). All the information and variety of product is updated by the company on social media. This helps the customers to choose the best among them that will satisfy them. Satisfaction:The customers get satisfied as they are able to get updates about the company and use them to fulfil their desire. All the customer wish to have knowledge about the products and services offered by the organisation so that tehey are able to use them in an effective manner. Loyalty:As all the queries of customers can be posted on social media. They are able to interact with the company and can make purchases easily. It is important to note that it helps to enhance the loyalty of customers towards the brand. At the same time the regular updates about the company helps to enhance the loyalty. Reduced cost:Using social media marketing is cost effective for an organisation. There are so many options that are available in the market related to marketing(Kim, 2020). Using social marketing is a cost effective method that helps to reach more customer's. So a company that is able to use social media is a n effective manner is able to serve more customers at reduced cost. Builds a brand:The world is turning digitalised. So, it is necessary fior a business organisation to use digital marketing. One of the effective tool in digital marketing is social media marketing. So, a company that post effective content is able to establish strong image in market and serve the customers effectively. By establishing brand the organisation is able to serve more customers. 8
Measurable:The company is able to measure its performance by using social media. The increase in number of followers as well as increase in number of leads, conversion rate helps them to to measure the effectiveness of using social media marketing. Conclusion From the above report, it is analyzed that it is important to use digital marketing. It is a form of marketing that helps a company to attractmore customers. The use of internet to promote goods and services of a company is called digital marketing. This report is based on marketing which is one of the most important function of an organization. The use of marketing mix helps a company to formulate effective strategies related communication. Also,thereisimportanceodigitalmarketingaswellassocialmediamarketingin contemporary business. So that is also evaluated in the report. The next part of report is based ondigitalmarketingandthesocialmediamarketingcampaignsusesbydifferent organizations. In the end there is description related to effectiveness of social media content. 9
References Books and Journals Bala, M. and Verma, D., 2018. A critical review of digital marketing.M. Bala, D. Verma (2018).ACriticalReviewofDigitalMarketing.InternationalJournalof Management, IT & Engineering,8(10), pp.321-339. Baum and et.al., 2019. The impact of social media campaigns on the success of new product introductions.Journal of Retailing and Consumer Services,50, pp.289-297. Chaffey, D. and Ellis-Chadwick, F., 2019.Digital marketing. Pearson uk. De Pelsmacker, P., Van Tilburg, S. and Holthof, C., 2018. Digital marketing strategies, onlinereviewsandhotelperformance.InternationalJournalofHospitality Management,72, pp.47-55. Deepak, R.K.A. and Jeyakumar, S., 2019.Marketing management. Educreation Publishing. Dost, and et.al., 2019. Seeding as part of the marketing mix: word-of-mouth program interactions for fast-moving consumer goods.Journal of Marketing,83(2), pp.62-81. El Junusi, R., 2020. Digital marketing during the pandemic period; A study of islamic perspective.Journal of Digital Marketing and Halal Industry,2(1), pp.15-28. Housley and et.al., 2018. Interaction and transformation on social media: The case of Twitter campaigns.Social Media+ Society,4(1), p.2056305117750721. Ištvanić, M., Crnjac Milić, D. and Krpić, Z., 2017. Digital marketing in the business environment.Internationaljournalofelectricalandcomputerengineering systems,8(2.), pp.67-75. Kannan,P.K.,2017.Digitalmarketing:Aframework,reviewandresearch agenda.International Journal of Research in Marketing,34(1), pp.22-45. Kaur, G., 2017. The importance of digital marketing in the tourism industry.International Journal of Research-Granthaalayah,5(6), pp.72-77. Key, T.M., 2017. Domains of digital marketing channels in the sharing economy.Journal of Marketing Channels,24(1-2), pp.27-38. Kim, C.M., 2020.Social media campaigns: Strategies for public relations and marketing. Routledge. Lies, J., 2019. Marketing Intelligence and Big Data: Digital Marketing Techniques on their WaytoBecomingSocialEngineeringTechniquesinMarketing.International Journal of Interactive Multimedia & Artificial Intelligence,5(5). Lim, W.M., 2021. A marketing mix typology for integrated care: the 10 Ps.Journal of Strategic Marketing,29(5), pp.453-469. Mothersbaugh and et.al., 2020.Consumer behavior: Building marketing strategy. McGraw- Hill Education. Saura, J.R., Palos-Sanchez, P.R. and Correia, M.B., 2019. Digital marketing strategies based on the e-business model: Literature review and future directions.Organizational transformation and managing innovation in the fourth industrial revolution, pp.86- 103. Segerberg, A., 2017. Online and social media campaigns for climate change engagement. InOxford Research Encyclopedia of Climate Science. Thabit, T. and Raewf, M., 2018. The evaluation of marketing mix elements: A case study.International Journal of Social Sciences & Educational Studies,4(4). Online SocialMediaMarketingforBusinesses,2020,[Online].Availabile through<https://www.wordstream.com/social-media-marketing> 10
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