The Role of Digital Media and Social Media Marketing
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Added on  2023/01/05
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This report discusses the role of digital media and social media marketing in contemporary business. It covers topics such as marketing mix, digital marketing, and social media marketing strategies. Examples of effective social media content and campaigns are also provided.
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The role of digital media and social media marketing 1
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Table of Contents INTRODUCTION...........................................................................................................................3 PART 1............................................................................................................................................3 Marketing....................................................................................................................................3 Marketing Mix & where the communication mix fits................................................................3 Digital Marketing........................................................................................................................3 Social Media Marketing..............................................................................................................4 Importance of digital marketing and social media marketing in contemporary business...........4 PART 2............................................................................................................................................5 Examples of social media contents.............................................................................................5 Screen shots of effective campaigns along with models and standards for digital marketing....6 Effectiveness of Social Media contents......................................................................................7 CONCLUSION................................................................................................................................7 REFERENCES................................................................................................................................9 2
INTRODUCTION In today's era social media plays an important role in business environment. It is an effective way to develop relationships with consumers. There are a number of organisations be it small or large which are using digital media and social media in order to communicate their products and services to consumers(Chaffey, 2019). This is helping companies to reach a large number of consumers at a small amount of time. It also have a positive influence on revenues and profitability level of organisation. In the following report various concepts of marketing mix, digital marketing and social media marketing are explained. PART 1 Marketing Marketing can be defined as a set of activities that involve development, communication, processing and exchange of offering of an organisation to their customers and society along with it. Major motive behind marketing to enhance customer value and along with it generate maximum profits for the organisation effectively. Marketing can be divided into three segments that are traditional marketing, relationship marketing and digital marketing. Use of digital and online marketing is increasing rapidly and it also helps organisations to reach huge number of consumers in just limited time period. It is leading to rapid increase in productivity and profitability of business. Marketing Mix & where the communication mix fits Marketing mix can be defined as a set of certain actions as well as tactics that are effectively used by an organisation to promote its products. It is a tool that consists of 7 different element. These re 7 P's of digital marketing which include place, price, product, promotion, physical evidence, people and processes(Hanlon, 2019). Promotion is an important factor in marketing mix and it involves a number of different tools such as advertising, selling,digital media, social media, direct selling and so on. This is helping organisation to effectively communicate the required information to their customers regarding their product ans services. Digital Marketing Digital media marketing refers to that component of marketing which is using internet and online based technologies such as desktop computers and mobile phones to promote the 3
goods and services. One another major motive of digital marketing is to make sure that the revenues and profits of the organisation are increasing as a number of consumers are in knowledge of the product and service that is nowserved by the company. Digital media marketing can be further divided into three different types that are paid media, earned media and owned media. Some of the most used examples of digital media marketing includes digital advertising, social media marketing, search engine optimisation, marketing through email and so on. Social Media Marketing Social media marketing can be defined as using a number of different social media networks available in order to specifically market the products and services of an organisation. It is a great way for businesses to successfully engage with all their existing customers and also reach a number of new and potential customers for the business. Social media marketing is used in present business scenarios that helps organisation to retain their customers and turn them into loyal consumers for the organisations(Saura, Palos-Sanchez and Correia, 2019). It is a great way for business to face competition in market as well. There are a number of different social media tools available for businesses that include Twitter, Facebook, Instagram and so on. Importance of digital marketing and social media marketing in contemporary business There is a free space in social media that it can be successfully used by all the businesses. It is a helpful way to get in touch with buyers and consumers and solve all their queries in regards to the products or services. It is also a great way that is used by business to revert to the feedbacks of the consumers that can be either negative or positive. It is also helping the businesses to be aware of their potential consumers. Social media marketing is now an important aspect of digital marketing which is providing benefits to a number of consumers and businesses throughout the globe. Various importance of social media marketing and digital marketing in relation to the diverse business environment are mentioned below: Cost effective:It is often seen that advertising through traditional promotional tools require huge costs of business. When taking social media marketing into consideration it is a cost effective way of marketing products and services to the consumers that only requires some efforts from the marketing team in order to develop their social media page effectively. It also allows organisations to attain high return on their investments and also save costs of the company. 4
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Enhanced brand awareness:Social media can be defined as a hassle free way of communicating the products and services to potential consumers in order to enhance the visibilityofbusinessinthemarket(DeissandHenneberry,2020).Companiesarenow developing their own social media webpage which are a great way to increase the visibility of businesses. There are a number of different social media platforms such as Instagram, You Tube, Facebook and so on which are used by a number of consumers in order to get effective results and earn higher in just a short span of time. Higher consumer satisfaction and improved brand loyalty:When an organisation is present on social media it is providing them with an opportunity to effectively connect to their audienceandpotentialconsumers.Solvingallthequeriesanddoubtsoftheconsumers companies can easily increase their satisfaction. It will also result in generating more brand loyal customers who then start trusting the brand as they are getting quick and relevant solutions to all their problems. This also allows organisations to effectively deal with all the competition present for them in the market. Examples can be taken of a number of organisations such as TESCO that is a grocery supermarket running its business throughout the globe are making effective utilisation of Facebook, You Tube and other social media sites to promote their offers and products. Similarly a number of fashion apparel brands such as Marks & Spencer H&M are effectively using Instagram to promote their designs through models and consumers who are actually using their products. PART 2 Examples of social media contents Social media content is stated as the information that is shared or posted on social media. There are a number of ways that re used by organisations in order to do so. Content marketing is used by business to make sure that they are effectively encouraging customers to invest on their products and services. Social media contents are various videos, audio, Blogs, e-books, guides, images and infographics that are used by companies on their social media sites. Below mentioned are effective types of social media content: Images:Every organisation is using different images on their social media content. It is important for organisation to make these images eye-catching and appealing for consumers that 5
can gain their maximum attention. Social media platforms provide great opportunities for visual media to reach to their consumers as compared to the texts. Blogs:Blogs refers to discussion on a social media website which are described in a reverse chronological order in order to make sure that recent texts are reaching consumers first(Shen and et. al., 2019). These are often informal diary entries. It is an effective way that are used by businesses now to promote their social media page. Screen shots of effective campaigns along with models and standards for digital marketing Starbucks The image of Starbucks used on its Facebook page have been deliberately made interesting for the viewers. The small tints of green straws are depicting “the Starbucks green”. They have also used their famous mermaid logo which is acting as a visual anchor and correctly portraying the brand.In order to successfully use this tool Starbucks have made use ofRACE planning.It is an effective tool that is helping the marketers to develop an insight of consumers view and focus on growth of its revenue(Mishra, 2019). There are five essential techniques in this plan that include planning, reaching, acting, converting and engaging. All of these activities are combine working on various ways which will help marketers to make sure that they are increasing their ROI in the process of building campaign. This tool have helped Starbucks to develop a campaign that is attracting its loyal customers through out the world. 6
H&M H&M is effectively taking help from a number of different bloggers and sites that are continuously posting images and blogs about the products of the company. There are also a number of blogs that specifies various ways in which the consumers can style and wear the designs provided by company. The above given image of blogs are posted on a website called 7
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“fashion jackson”. There are a number of different posts such as various ways to pull-off whites in winter, tips to transitioning your wardrobe in Spring etc. This is a great way to use social media effectively and encourage consumers to use products and services that are provided by consumer. In order to develop these blogs H&M I making effective use of^ C's Model of Consumer Motivation.With the help of this model the organisation comes to know about 6 different elements that are helping a business successfully to motivate their consumers towards their products and services(Canovi and Pucciarelli, 2019). It is necessary for the content developer to take all these factors into consideration while developing the content. These 6 C's include thecontentthat is to be shown to the consumers, thecustomisationof that content to make it more attractive, thecommunityto which the content will be delivered taking into account their values and believes, theconveniencethat will be provided to consumers while they are understanding the content,cost reductionfor the company and thechoiceof consumers according to which the content is delivered. All these points are to be focused upon in order to make sure that consumers are motivated to invest in products and services of companies. In this way H&M is making perfect use of the digital marketing model while development of their contents. Effectiveness of Social Media contents A number of benefits are gained by organisations while they are making effective use of social media contents. Social media is now an effective forum that is allowing the consumers as well as companies to share their views and experiences about various products and services. Another benefit of using this tool is that it reaches a number of consumers at a time when compared to traditional media. Further are some of the effectiveness provided by social media contents:Social media content are helping organisations to increase theirBrand recognition.It is great way that allows organisations to convey their messages to a larger audience. It also brings in new prospects for the business. Customer journey initiationcan be successfully done with the help of social media contents. It is done through making communications faster and efficient between buyers and companies on a social media platform(Sun and Wang, 2019). Three are a number of dynamic content that is effectively circulated between potential consumers with the help of social media platform. 8
ď‚·Social media content is helping businesses to improveConsumer's insight.Companies are tracking and observing consumers with the help of social media that also help them to align their offerings as per consumer's needs and demand. CONCLUSION With the help of above mentioned report it can be concluded that digital marketing and social media marketing are two effective ways of marketing in today's era. A number of organisations are now catering needs of their consumers through these tools. This helps in adding value to their marketing methods and also retaining consumers for a longer period of time. There are various social media contents that help organisations in developing good social media campaigns that are also explained in the report with various effective examples. Organisations can achieve all their objectives effectively using social media marketing and its contents which will help in saving their costs and efforts as well. 9
REFERENCES Books and Journals Chaffey, D., 2019.Digital marketing. Pearson UK. Hanlon, A., 2019.Digital marketing: strategic planning & integration. SAGE Publications Limited. Saura, J.R., Palos-Sanchez, P.R. and Correia, M.B., 2019. Digital marketing strategies based on thee-businessmodel:Literaturereviewandfuturedirections.InOrganizational Transformation and Managing Innovation in the Fourth Industrial Revolution(pp. 86- 103). IGI Global. Deiss, R. and Henneberry, R., 2020.Digital marketing for dummies. John Wiley & Sons. Shen, C.W. And et. al., 2019. Social media marketing of IT service companies: Analysis using a concept-linking mining approach.Industrial Marketing Management. Canovi, M. and Pucciarelli, F., 2019. Social media marketing in wine tourism: winery owners’ perceptions.Journal of Travel & Tourism Marketing,36(6), pp.653-664. Sun, Y. and Wang, S., 2019. Understanding consumers’ intentions to purchase green products in the social media marketing context.Asia Pacific Journal of Marketing and Logistics. Mishra, A.S., 2019. Antecedents of consumers’ engagement with brand-related content on social media.Marketing Intelligence & Planning. 10