social media marketing
DESCRIPTION
This is a student presentation on Social Media Marketing. This document tries to introduce the topic of SMM to traditional marketing students to build a perspective about the emerging new media which is exciting, intriguing and very effective.TRANSCRIPT
SOCIAL MEDIA MARKETING
Avinav Goel (#02)Arpit Agarwal (#04)Atul Seksaria (#39)
Nachiket Karajagi (#77)
“what” media marketing??
Gaurav Mishra, Brand Manager of Tata Indica “As a marketer, I face a dichotomy. It is
between my role as a marketer and myself as a customer. As a marketer, I would like to push my message across to the maximum extent. As a consumer, I am becoming more averse to listen to any of it!”
One year sabbatical at Georgetown University Studying Indian Social Networks
Definition
“A form of internet marketing which seeks to achieve branding and marketing communication goals through the participation in various social media networks”
Marketing activities on platforms that integrate technology, social interaction, and the construction of words, pictures, videos and audio
Market size of $2.5 B in 2011
Concept
Forms of Social Media
Social networks (Facebook, MySpace, Friendster)
Social bookmarks (del.icio.us, StumbleUpon) Social media (YouTube, Flickr, Podcasts,
Twitter) Blogs Widgets and gadgets (Yahoo! widgets,
iGoogle) Browser extensions Search engines
Forms of Social Media
Forms of Social Media
Social Media trends
Success Stories
Narula Travel Group, New Delhi Uploaded 30 exotic videos on YouTube
Dabbawallas Kerala Religious places
Targeted towards first-time visitors of India Business boomed
Linked-In for recruiting Orkut/Facebook communities for
engagement
Success Stories
Sunsilk Gang of Girls The Axe Effect – www.theaxeeffect.com P&G Tremor Indian Fantasy League Barcamps Honda Civic, Type R J&J’s brand RoC
Success Stories
US Presidential Election
my.barackobama.com and McCainSpace Facebook
McCain has only 226,000 “supporters” 1.4 million for Obama.
MySpace McCain has 66,665 “friends” 467,814 for Obama.
Your product can go the viral way Make a quick video a product demo
Make a title containing your site’s URL Upload it to YouTube Post on your site. Use Twitter, Orkut, Facebook, de.icio.us, Have a friend Digg it, Reddit etc.
Social Cognitive Theory
Communications systems operate through Direct pathways
Informing, enabling, motivating, and guiding participants.
Socially mediated pathways Media influences linked participants to social
networks Natural incentives and personalized guidance
Assumption of SMM
Social Cognitive Theory – Personal Information
Well versed with interactions on internet Target is already involved with SM Social Media or the content is not offensive Differentiation from chatting Moksh Juneja, Blogger and SMM Professional
“Not so suitable for mass market in India yet”
Industrial approach to Marketing
• Create brand messages
• Buy media to place them
• Becoming more expensive • Audiences fragment
and interactive technologies
• Sophisticated tools to ignore advertising altogether.
Methods of Social Media
Monitor discussions Identify top concerns Identify Opinion Leaders Identify media types Create specific messaging Create content destinations
Focused on being informative and encouraging discussion, not sales
Reach out to opinion leaders Monitor the communications Offer influential bloggers a incentive to write
SMM
Questions?
Is your consumer using social media 78% of marketers see social media as a
way to gain a competitive edge, but fewer than 8% have budgets devoted to it.
88% of marketers who use social media plan to spend more on it this year, and 31% of those said they will spend "significantly more,“
Consumer personalities
Socially Isolated – 12% more likely blog Approval seekers – 23% more likely
download First time home buyers – Very active on
Social networking sites Divorced – 20 % more likely to buy
online, 52% more likely to visit sports site Brand Loyal – 22 % more likely to use
professional sites for networking
Questions which confused us Traditional Media Vs SMM? Is it same as Social Marketing ? How is it different from online media? An online article which allows us to discuss ,is it
SMM? Why would someone join SunsilkGOG when we
already have orkut? Is it not spamming?
Questions that arose!! How does a SMM professional get his
target customers on the net? Is it not invasion of privacy? How will such large amount of data be
searched? Where all to search? How exactly is this data used? How is money generated from SMM? What is the track record of SMM? How large is SMM? How big will it be? Is it sustainable? Is it a fad?
History
-’97 – SIX Degrees
-‘02 – Friendster
- ‘03 – Myspace
- ‘05 – Facebook