Impact of Social Media Marketing on Consumer Base - Lola Cupcake
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Added on 2023/06/12
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This research aims to explore the impact of social media marketing on the consumer base of Lola Cupcake. The study will identify potential social market strategies that Lola Cupcake can use to increase its consumer base.
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Lola cupcake Title: To identify the impact of social media marketing on the consumer base Student Name
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Introduction •Background to the study LolacupcakeisashopinMidfey.Lola'sCupcakeswas founded in 2006 by two friends, Victoria Jossel and Romy Lewis, whoturnedtheirpassionforbakingintoabusiness.Thetwo opened concessions in Selfridges, Topshop, and a flagship store in Mayfair as orders poured in. In this research discussion about the impactonsocialmediamarketingonconsumerbaseisbeing conducted.Ithasbeenanalysedtheselectedbusiness organization is facing the issue of loss of consumer base due to ineffectiveformofmarketing.Thisresearchwillexplorethe mannerinwhichwiththehelpofsocialmediamarketing company will maximise its consumer base.
Cont.… •Aim •Lola cupcake wants to enhance the customer base by increasing it’s social media marketing •Objectives •To increase sales by 10% in 6 months •To enhance customer base by 5% in 3 months •To determine potential social market strategies that Lola cupcake can use to increase its consumer base. •Rationale of the Study •The reason for enhancing the marketing for Lola cupcake is the company wants to increase it’s customer base. This ca be done through using social media platform for reaching customer
Literature Review •Describe what variables you will be critically reviewing in your project •Socialmediaisanimportantnetworkingand communicationtool.Creatingavoiceforyour organisation with the support of these platforms is critical to strengthening your overall brand image. Customers like receiving a personalised response rather than a robotic message when they leave comments on website. A firm thatvaluesitsclientstakesthetimetocrafta personalisedstatementthatisnaturallyregarded positively.
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Research Methodology •Research approaches- The present investigator has adopted deductive research approach. This provides help in easily understanding concept of research topic •Research design- In this research practice, investigator is thinking about deductive research plan. Through this research plan, investigator will actually want to zero in on recognizing inside and out and suitable information about the research subject This will help with tracking down required set of information in legitimate and orderly way. •Data collection methods- There are two kinds of data collection method which are primary and secondary. Both of these are urgent and fundamental for successfully directing research practices and assembling required set of information.
Questionnaire Q.1. Do you know about Lola cupcakes? a) Yes b) No Q.2. Have you ever ate cupcakes of Lola’s company? a) Yes b) No Q.3. According to you, which of the following is best service provided by Lola cupcake? a) Tasty cupcakes b) Good ambience and aura for customers d) Managing employee relationship Q.4.How often do you visit Lola Cupcake? a) Very often b) Never c) Once a month
Cont. •Q.5. As per your opinion, what are the commonly used social media sites? •a) Facebook •b) Twitter •b) Instagram •Q.6. As per your opinion what is the best social media marketing strategy through which company can influence customers ? •a) Social news •b) Micro-influencer marketing •c) Video and live streaming
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Results •Bycompletingthisresearchthetypeofresultsthatareduly expected is associated to analysis of the information's and data with the help of pie chats and tables. •This will help in assuring successful outcome of the laid down aim and objectives •Withthehelpofassuringtheresultsfromthesemethods investigator is aiming to conduct in-depth evaluation of objectives.
Conclusion •What conclusion do you expect to achieve •From the results, it is concluded that marketing of Lola cupcake should be done through social media. This will help to increase customer base and sales of the company. •Scope of the project •This is to oversee future of Lola cupcake and how this company can grow within market and increase it’s sales. •According to the above analysis, it has been concluded that in today’s business world social media marketing proves to be an effective marketing method that allows businesses to influence the attention of a large base of customers.
References •Evans, D., Bratton, S. and McKee, J., 2021.Social media marketing. AG Printing & Publishing. •Cheung, M.L., Pires, G.D. and Rosenberger III, P.J., 2019. Developing a conceptual model for examining social media marketing effects on brandawarenessandbrandimage.InternationalJournalof Economics and Business Research,17(3), pp.243-261. •Ebrahim, R.S., 2020. The role of trust in understanding the impact of social media marketing on brand equity and brand loyalty.Journal of Relationship Marketing,19(4), pp.287-308.