, et al., 2011). Individuals most often use social media to create and strengthen relationships and increase communication within those relationships, rather than explicitly wanting to shop for products. Those individuals are using social media sites to: a) "construct a profile within a bounded system"; b) maintain "lists of other users with whom they share connections"; and c) view and "browse" those lists of connections with others they have interacted with online (Taylor et al., et al., 2011, 259). Many users of social media do not intend to use viral platforms to think about buying products, but end up doing so subliminally. Rather, most are using such platforms to create and maintain relationships; "typical social networking sites allow a user to build and maintain a network of friends for social or professional interaction" (Marks 2009 p 5). Jim Tobin's concept of "Cocktail Party" is the analogy for social media that attaches the cocktail party routine (mingling before talking; "keeping the conversational threat going"; sharing information that "doesn't benefit you"; and sharing what you know in the context of what is being discussed) to how people interact online in social media contexts. Chat a bit, meet another person, share information, add to someone's litany of abuse in prisons, and so forth (Grangier, 2010). In fact Taylor et al.'s (2011) investigations into the reasons people use and enjoy social media reveals that merely engaging in social-networking activities "may be perceived as a means to improve one's quality of life by purposefully distracting oneself from life's ongoing challenges" (262). In other words, aside from any value that a user derives from "actual content" or from actual communication interactions with others, the act of browsing freely through a universe of ideas that are found in social media sites -- for example, the multitude of videos and story-telling scenes on YouTube can be fascinating enough to spend hours searching through for favorite wildlife topics, or sports -- may offer "welcome distractions" and can "facilitate more positive attitudes towards" social media sites (Taylor, et al., 262). Social networking is only a viable marketing strategy when it correlates with the very reasons why users sign up in the first place. Here, "anecdotal evidence indicates that social-networking advertising (SNA) can be effective when users accept it" (Taylor et al., 2011). Bombarding users with ads like they are watching an infomercial will most likely turn them off to the product being advertised, and even the very site it is being advertised on.
Moreover, many large businesses have yet to enter into the social marketing arena, which is opening up greater opportunities for SMEs to use the platform successfully, without being pushed out by larger organizations with deeper pockets. Fortune 500 companies (as of 2010) were using social media, the author discovered that "less than 50% of the entire Fortune 500 had official Twitter and Facebook accounts for their companies" (Grainger, 70). Some sixty percent of respondents to the Qualtrics online survey explained that they had a way of measuring the effectiveness of their Facebook "fan page," their Twitter account, and their YouTube account. The bad news was that the survey only had a 10% response rate, which Grainger attributes to the fact that many Fortune 500 companies "have policies against employees participating in surveys or student-led projects" (p. 72). The research shows that social marketing is quickly becoming a major platform for much more than just communication, which SMEs can take advantage of to their benefit. Thus, "organizations and businesses are just beginning to recognize and utilize the power of Web 2.0 social media" (Thackeray et al., 2008, p 340). This opens up the environment for SMEs to compete in lieu of a dominance held by larger enterprise businesses. There is much less entry barriers, essentially because there are so few companies working with these new platforms.
Word of Mouth Marketing Strategies via Social Media Platforms
Too many ads can spoil an online experience, so companies must also consider how much advertising they are doing. A balance should be struck between giving customers too much time to forget a message, and allowing customers to see a message so much they start ignoring it or they get tired of it. Everyone has a commercial or other ad they just despise, and the key is for companies to avoid that reaction as much as possible from the largest number of individuals in their target market. By helping companies and individuals better understand the value of social media for marketing, and what changes marketing in that manner require, this study can provide...
Keeping a diverse yet well-focused identity across social media platforms yet tactically choosing those platforms that are of true resource advantage to enterprises is again a complex and continuous process, but one that is vital to modern businesses. Despite the recognized importance of social media marketing and the known difficulties of establishing how to effectively engage in these efforts, many businesses do not even attempt to gauge the effects of
Media Advertising: Posting an Ad on Facebook Social media advertising provides a great platform for enhancing a brand message's reach and influencing prospects at the buying cycle's middle-of-the-funnel or evaluation stage. Facebook presents a unique marketing plan for advertisers; one that entirely focuses on middle-of-the-funnel offers as a way of influencing buyer decisions. This is quite logical since it is at the evaluation stage that a buyer i) clarifies exactly what
Safeguarding the privacy of the respondents is vital. Setting a certain criteria to guarantee the security and privacy of the respondents will be useful like informing the respondents that their names will be kept confidential, their location and company will be mentioned only if they give their consent, participation is completely voluntary, and it cannot be imposed. In any way, no such information will be publicized that can help to
Critical Reflection #6Part 1: Article SummaryThe article that I elected to focus on in this case is titled, The Impact of Face-to-Face Street Fundraising on Organizational Reputation, by Waldner, Willems, Ehmann, and Giles. The article was published in 2020 in the International Journal of Nonprofit and Voluntary Sector Marketing. In essence, the article authors point out that many managers in the nonprofit sector have in the past encouraged the deployment
SOCIAL MEDIA INFLUENCE How Social Media Influence Customers Purchasing Behavior in the Macau Hotels SectorData AnalysisAfter surveying the travelers who have visited Macau for their traveling plans, the data is obtained in a comprehensive graphic manner to interpret the results easier. Initially, keeping the ethics of research in mind, the respondents obtained informed consent. The pie chart showed that all 113 participants agreed and accepted to participate in the research
Social E-Commerce on the Innovative and Entrepreneurial Capabilities in the GCC The advancement of social media has changed how individuals and companies conduct their business. The increase in use of smartphones has made it possible for more users to advertise their products on social media and provide links to their sales pages. Statistics indicate that by 2015, goods and services sold through online social networks globally attained the $30 billion
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