Strategies for L'Oréal's Successful Social Media Marketing
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The assignment content highlights the importance of social media engagement for L'Oréal to increase its database, visibility among customers, and customer loyalty. The company has successfully used various advertisement tactics to achieve these goals, making it a leader in the digital front.
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SOCIAL MEDIA MARKETING
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TABLE OF CONTENTS Executive summary........................................................................................................................3 INTRODUCTION..........................................................................................................................3 Part 1...............................................................................................................................................3 Performance of L'Oreal on social media platforms....................................................................3 Hashtag campaigns by L'Oreal...................................................................................................4 Competitors of L'Oreal...............................................................................................................5 Social Media Marketing issues faced by L'Oreal.......................................................................6 Resolution of the issues by social media platforms...................................................................6 Existing social media marketing strategy of L'Oreal.................................................................7 part 2...............................................................................................................................................7 Suggested social media marketing strategies for L'Oreal..........................................................7 Purpose and aim of the strategies...............................................................................................7 Key Metrics................................................................................................................................8 Conclusion......................................................................................................................................9 References....................................................................................................................................10
EXECUTIVE SUMMARY Social media marketing plays an important role in the are of marketing these days. L'Oreal has been using this kind of marketing in order to attract large bunch of customers. It has presence on social media platform through Facebook, Instagram, Snap chat, LinkedIn, You tube etc. The report proposes various social media marketing strategies in order toincrease the customer data base and develop business opportunities for the brand. Exiting marketing issues are also been dealt in order to give suggestions to improve their services. The success achieved through these platforms can be measured by using various parameters based on reach, customer engagement, leads and conversions. L'Oreal has been a leader of beauty products. It has already captured the social media platform. However, few of the unnoticed issues are addressed in the report. INTRODUCTION In today's world, social media plays a vital role in attracting customers. Attraction towards social media has grown tremendously in the present scenario. These days brand make their social media marketing strategies in order to attract customers. L'Oreal is a pioneer of beauty brand dealing in cosmetics, make-up, beauty, hair care perfume, etc. It has presence in 139 countries across 5 continents. L'Oreal has been very much involved in various social media marketing campaigns. It is already having a wide consumer database. However, there are various other marketing strategies that can be used by the brand so as to grow in this industry (Berthon,Pitt, L.F., Plangger and Shapiro, 2012). Being present and updated on social media has helped the brand to rise as a leader in this industry. In this report, content and business opportunity social media marketing strategies are suggested for L'Oreal in order to increase customer engagement and create a positive word of mouth about the brand. PART 1 Performance of L'Oreal on social media platforms Social media marketing means attracting consumers through various social media platforms(Chung and Austria, 2010). Brands promote their product on Facebook, Twitter, Snapchat, Instagram, YouTube, etc. Offers, discounts and steal deals are majorly marketed on social media websites.
L'Oreal is the leader of beauty brands having various celebrities promoting it and have become a face for the brand.. It has more than 20 million fan following on Facebook with an average of a thousand like on every post. The LinkedIn page of L'Oreal carries more than 800K followers. L'Oreal has so far effectively used the social media marketing tactics in promoting its brand. Hashtag campaigns by L'Oreal #POWEROWN Campaign This campaign known as #POWERON was used by the brand in order to promote its new hair and care range. Fans were asked to post their best hair moment with the hashtags #POWERON and #POWERONCONTEST on Instagram, Facebook and twitter. Winner got the chance to meet the supermodel, Karlie Kloss. #YOURSTRUELY With this campaign, L'Oreal presented 23 celebrities having different skin tones in order to celebrate the diversity. Main motive was to offer foundation for every skin tone in the UK. It got tremendous response on various social media websites.
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Social media has been playing an important part in the marketing campaign for various brands present in the world (Erdoğmuş and Cicek, 2012). L'Oreal has been able to find out the customer’s needs and changing trends among people through these platforms. It has been using various this platform attracting to the consumers and customer also feel that they are valued by the brand. Various beauty tips sessions are organised by L'Oreal on YouTube in order make customers understand right and the best use of products it is offering to them. Various bloggers use and demonstrate the way of using L'Oreal products with which they are getting huge fan following. Competitors of L'Oreal L'Oreal is facing competition from Nivea, Yves Rocher, Garnier, Lovea and Revlon. These are brands covering mass of customers in the market. All companies are using the platform of social media to promote their brands (Hafeez, 2010). However, Nivea, Revlon and Garnier are famous for their advertising strategies. Various contests are also being organised by these brands. They majorly use social media platform in order to increase their customer base and also, to promote their brand by providing various discounts, offers and steal deals. Revlon is having more fan following than L'Oreal on various social media platforms like Twitter, Facebook, Snapchat, etc.It has also been involved in innovative advertisements technique which help Revlon to develop large customer engagement to this front Social Media Marketing issues faced by L'Oreal It is important that the strategy which an international brand is adopting should be global not local. There are various social marketing campaigns which are solely and wholly for a particular country. L'Oreal cannot apply the same marketing strategy for UK and India because of different target markets and varying needs of customers in distinct geographical locations. Further, any bad mouth can spoil company's reputation. If any customer makes a bad tweet or post for L'Oreal on any social media platform, it can affect the brand's reputation. Moreover, while handling customer's query on social media platform, L'Oreal needs to be very
cautious as it should craft the best possible reply for customers to make them satisfied all the time. L'Oreal has brand loyal customers. Negative eWOM can affect the brand image of company. eWOM stands for electronic word of mouth. Negative comments and less star ratings can affect the market of L'Oreal. Resolution of the issues by social media platforms It is important to understand the needs of customers. But feedback which can affect the reputation of brand is not acceptable. Therefore, it is necessary for L'Oreal to make updates and news feeds on facebook, twitter, snap chat very carefully which do not attract bad comments on the post.. Customer's emotions should be taken care of. It should not hurt the sentiments of the customers. Further, in order to prevent the brand from eWOM, L’Oreal can take the issues and queries only on personal mails and chat boxes rather than taking it live in the presence of every customer. L'Oreal needs to develop the social media strategies which can be applied to all irrespective of their geographical location. It will help in developing the common strategy for all. Also, it will ease out marketing for the brand. Existing social media marketing strategy of L'Oreal Social media marketing strategies are adopted by a company in order to treat the issues of customer engagement, to add value to the firm, to track and improve the efforts of marketing as well as to identify various business opportunities (Heymann-Reder, 2012). L'Oreal's marketing strategy is to focus on the audience. Its presence on social media is to stay connected with the audience. It helps to understand the customer needs and help them with queries arising about the product. L'Orealusescustomerengagementstrategytoengagewiththecustomers. Understanding them emotionally helps them to stay connected with them. It also increases the brand loyally of customers towards a particular brand (Hanna, Rohm and Crittenden, 2011).
PART 2 Suggested social media marketing strategies for L'Oreal L'Oreal can use content strategy where it can use platform in order to deliver content about the brand. It includes new upcoming products along with their effective use. L'Oreal can also use this platform to identify various business opportunities. Products can be introduced based on the needs of the customers (Hoffman and Fodor, 2010). L'Oreal can also focus on generation of new market from the existing market. It can be used by introducing a campaign which can help them to identify new target market. It will help them to position an altogether new market (Kim and Ko, 2010). It will also increase the customer database of brand. Another strategy can be like L'Oreal should have specific and attainable goals, measurable outcomes, relevant updates and bound to a specific time. It will help to get the outcomes. Purpose and aim of the strategies Various types of strategies are adopted by different kinds of businesses. L'Oreal has been adopting social media marketing strategies in order to efficiently use the available social media platform. Main purpose of strategies are to gain the insight of suitable customers (Hetter, 2010). Different kinds of market research activities can be performed only on social media platforms where majority of customers meet and have dicsussion on various topics. Tapping these customers will help L'Oreal to engage right kind of interest in the brand. It will help L'Oreal to build and develop brand awareness and visibility. It is the suitable platform to influence and promote variety of customers towards the existing and new products introduced by company (Kim and Ko, 2012). eWOM: eWOM that is electronic word of mouth. Through social marketing media, it is easy to create positive word of mouth among the people. It is a human nature, if one customer likes a brand it will suggest to another and spread positive word of mouth about the product. This techniques help L'Oreal to spreadgoodwill about the products of L'Oreal. Negative word of mouth affect the reputation of brand to a great extent. However, positive word of mouth can make a brand to
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grow and improve in the customer segments, leads and bounds (Kumar and Mirchandani, 2012). Crowdsourcing With the help of social media platform, it is easy to convey information to a large public in one go (Michaelidou, Siamagka and Christodoulides, 2011). L'Oreal whenever comes with a new product, it is easy to update it on social media rather than keep doing mails to each and every customer whose email id is there in the customer database. Facebook, Instagram, snap chat, you tube advertisements etc are used to apply the crowd sourcingactivityinordertoattractmajorityofcustomers(Saravanakumarand SuganthaLakshmi, 2012). Key Metrics Social media is an effective platform to develop the relationship with consumers. Moreover, this platform can also be used to generate revenues and increase return on investment of company (Stelzner, 2011). L'Oreal can measure the performance indicators of social media platform. There are various parameters based on which the performance on social media platform can be measured.Some of them are: Engagement of the customers, reach of the customers, Leads and conversions. Engagement of the customers can be measured based on likes, comments, share, brand mentions and star ratings to the page of brand. If a brand has large reach but low engagement it signifies that the content being uploaded is not important enough for the customers. The newsfeeds are not eye catching or useful to the customers. The engagement of people on Facebook, Twitter and Instagram shows the popularity of the page. The more interest people show in the updates, more it will be shown in the newsfeeds. Reach will measure how many people actually got an eye on the updates being made by L'Oreal. Sometimes reach can be misleading. It doesn't show whether people attentively read the content or were just available when the content was posted. The case can be that by mistake they clicked on the update and didn't read or went through it. Leads and conversions shows that how many people actually went on purchasing after watching the content on the advertisement on the platform (Tuten and Solomon, 2014). It will
help L'Oreal to differentiate actual buyers among all. Potential customers can be tracked from this parameters and based on the conversions special messages, thank you note or various other offers can be extended to them in order to make them loyal costumers of LO'real. CONCLUSION From the entire report it can be concluded that L'Oreal has been following various types of social media marketing strategies in order to increase the customer engagement. Few more strategies that can be helpful for L'Oreal are suggested. Also, the aim of L'Oreal is to increase the database and increase the visibility of brand among the customers. It has also helped to increase the loyalty of customers. Having content on the social media pages increase the reach and also help in increasing the leads and conversion rates. EWOM also plays an important role in the reputation of the brand. Further, social media marketing has played an important role in increasing the visibility of L'Oreal. Various advertisement tactics are used to achieve this goal. L'Oreal has always been successful in achieving this goal. Social media marketing has helped it to make it as a leader brand on digital front as well.
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