This research paper discusses the impact of social media on small businesses, food marketing to children, luxury brands and social media marketing as a tool. It also explores the role of social media marketing in brand equity and consumer behavior.
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Running Head: SOCIAL MEDIA MARKETING Social Media Marketing Name of Student Name of University Author Note
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1SOCIAL MEDIA MARKETING Jones,N.,Borgman,R.andUlusoy,E.,2015.Impactofsocialmediaonsmall businesses.Journal of Small Business and Enterprise Development, 22(4), pp.611-632. This research paper tries to discover the role of the internet and the financial impact it has. This research deals into the impact that social media platforms and the websites have on the small businesses that operate out of remote regions. The research is done by conducting two surveys with semi-structured interviews; this survey was conducted on the mangers and the owners of five companies that are small in size. The survey was conducted in the western mountain region of Maine in the United States of America. This area is not as economically developed as the other regions of the United States. The businesses their struggle to maintain their revenue and very financially depressed. The survey that was conducted yielded the result that the websites and the social media sites have been successful in creating an awareness aong the people.As a result of the social media sites and the websites there has been an increase in the number of the new customers. The existing businesses have in successful in reaching out to a global audience. The strength of this research lies in the fact that it gives a clear understanding of the benefits of using social media sites and the creating a webpage for the company.The research shows from firsthand experience that using a social media platform and a company website not only helps in reaching out to a wider audience but also brings in new customer for the company. The weakness of the research is that it is specific to one region and cannot be applied globally.
2SOCIAL MEDIA MARKETING Kelly, B., Vandevijvere, S., Freeman, B. and Jenkin, G., 2015. New media but same old tricks: food marketing to children in the digital age.Current obesity reports,4(1), pp.37-45. This paper talks about the concept of ‘New Media’. According to this research, ‘new media’isused inrefereeingtothevariousdigitaltechnologieswhichoftenoffersvast opportunities for companies to engage with the youth population as they occupy the majority of the population. This paper focuses on the benefits that ‘new media’ has on the food business. This research delves into the emergence of the food marketing industry using the digital media platforms. The research also looks into the effect that these food promotions have on the social media pages have on the mind of the children.The strength of this research lies in the fact the it has kept its focus on one of the industry that use the platforms of digital marketing and social media, the industry in focus is the food industry. There is large scale digitalization of the food industry and the effect has been even more among the children, there are a lot of children who use this medium to buy food. The weakness of this research that it cannot be applied to other businesses, this research is focused in the food industry and to use it as a study for businesses will not help.There are evidences that have been found in the research dealing with the digital media and the food marketing, the evidences show that there is a widespread use of social media and other digital marketing applications when it comes to the food industry and the children also use these applications to order food. The research studies this wide network of food being sold through the medium of digital marketing.
3SOCIAL MEDIA MARKETING Godey, B., Manthiou, A., Pederzoli, D., Rokka, J., Aiello, G., Donvito, R. and Singh, R., 2016. Social media marketing efforts of luxury brands: Influence on brand equity and consumer behavior. Journal of business research, 69(12), pp.5833-5841. This research tries to find out the ways in which social media marketing affects the brand equity and the behavior of the consumer towards any particular brand. The research explores this by taking into consideration certain luxury brands like Gucci, Burberry, Hermes, Louis Vuitton and Dior. These five brands were taken into consideration and the numbers of consumers that use these brands were surveyed. The sample size of the survey was 845. These consumers who were surveyed either uses all of these brands or any one of these brands.The strength of this research lays in the fact that studying brand equity which means that the way the customer identifies a brand without knowing in detail about the product that they sell, studying brand equity with the help of the social media marketing will show how effectively the brands are marketed through the social media platforms. The five aspects of social media marketing that was checked by the research also cover all the aspects of social media marketing. The weakness of the study is that is that it limits itself to the luxury brands which are not reachable to a major part of the population. This study looks into the social media marketing that is being done by these brands. The study takes into consideration five aspects of their marketing, entertainment, customization, trendiness, interaction and word of mouth. These five aspects were studied to check the social marketing of these brands. This study also takes into consideration the two major dimension of brand equity: brand awareness and brand image.
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4SOCIAL MEDIA MARKETING Whiting, A. and Deshpande, A., 2014. Social Media Marketing: A Myth or a Necessity. Journal of Applied Business & Economics, 16(5). This research looks into the positives and negatives of the platform of social media marketing as an effective business marketing tool. Many of the opponents of the digital marketing industry claim that it is not an effective tool and it does not help with business at all. They think that digital marketing cannot bring in new clients for the business. This study looks into both the positive and the negative effect of the social media marketing for a brand and puts forward the argument that both the positives and the negatives are true.The strength of this research lies in the fact that they have taken into consideration two sides of the coin that social media marketing can have both a negative and positive effect. According to this research, some brands require the tool digital marketing to work and others do not need the tool of digital marketing tool as they already have a customer base and other sources of advertisement. The weakness of this research is that it is much generalized and does not take into consideration firsthand data and this might have a negative effect on the results of the data.According to this research, some business do not work better with social media marketing and they gain new customers through the effective use of social media marketing whereas some other brands do not need the tool of social media marketing for the brand to flourish. This research takes into account social media campaigns of brand such Lays, Coca-Cola, Starbucks, Google among others
5SOCIAL MEDIA MARKETING Reference Godey, B., Manthiou, A., Pederzoli, D., Rokka, J., Aiello, G., Donvito, R. and Singh, R., 2016. Social media marketing efforts of luxury brands: Influence on brand equity and consumer behavior. Journal of business research, 69(12), pp.5833-5841. Jones, N., Borgman, R. and Ulusoy, E., 2015. Impact of social media on small businesses.Journal of Small Business and Enterprise Development, 22(4), pp.611-632. Kelly, B., Vandevijvere, S., Freeman, B. and Jenkin, G., 2015. New media but same old tricks: food marketing to children in the digital age.Current obesity reports,4(1), pp.37-45. Whiting, A. and Deshpande, A., 2014. Social Media Marketing: A Myth or a Necessity. Journal of Applied Business & Economics, 16(5).