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Business Communications
Social Media
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Social Media Companies use social media for marketing
In 2014, over 83 percent of Fortune 500 companies used social media for marketing Companies can promote their brands and communicate directly with customers
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Why are companies advertising on social media?
Advertisers have seen a shift from television advertisements to digital advertisements Companies are following the consumers to social media Advertising companies recommend companies spend 25 percent of their advertising budget on social media
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Social Media When setting up an account on social media, individual users enter the following information: Age Gender Location Education Profession Companies on social media can use this information and market to specific demographics.
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Social Media Remember: if you are not paying for it, you are not the customer. You are the product being sold.
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Social Media sites Facebook, Twitter, LinkedIn, and Instagram are most popular social media pages for companies and individuals.
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Facebook Facebook is the most popular social media site
71 percent of internet users are on Facebook In 2014, Facebook had 1.35 billion monthly users 80 percent of Fortune 500 companies are on Facebook
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Facebook Facebook benefits for companies:
Low-cost marketing (company page is free) Interact directly with customers Increase company awareness Showcase products/promotions
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Facebook Facebook disadvantages for companies:
Someone must regularly monitor the company Facebook page Negative reviews posted to page Internet trolls can post negative reviews and antagonize existing customers
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Facebook On January 9, 2015, a Domino’s Pizza customer complained on the company Facebook page that their pizza for their Seahawks/Blue Friday party looked like this. r
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Facebook Domino’s Pizza did not respond for five days
The customer’s original post was shared over 1,000 times The franchise received negative reviews Domino’s publically apologized, gave the customer a Seahawks jersey, and a free pizza a week for a year
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Facebook Facebook benefits for individuals:
Connect with family and friends Follow brands, companies, and celebrities Follow news organizations
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Facebook Facebook disadvantages for individuals:
Distrust your privacy settings Your friends, followers, and likes reflect directly on you Offensive posts/comments can get you fired Friends can tag you in posts and pictures
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h Twitter currently has over 500 million users
83 percent of Fortune 500 companies are on Twitter Twitter users post concise, 140-character tweets
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Benefits for companies
Free advertising Launch new products/promotions Interact with the customers Respond to crises Enhance reputation Breaking news
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f Users can tweet directly to Companies Political leaders Celebrities
Organizations Other users News organizations
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Twitter gives ordinary people an extraordinary platform
Twitter Revolution Twitter Turning Point
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h Hashtags are used in tweets, so users can find tweets with similar content #hashtag Hashtags are also used to add commentary or humor #toomanyhashtagsmakemedizzy A popular tag is referred to as trending Trending topics alert other users to news and events
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News organizations look to Twitter for first-hand accounts of breaking news
Political and social movements use twitter to reach more users and to gain momentum
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a LinkedIn is a business-oriented, social media site
LinkedIn focuses on business, skills, career building, and professional connections In February 2015, LinkedIn had 347 million members
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a Individuals on LinkedIn can Post their resume and skills
Search for jobs Connect with past/current colleagues Receive endorsements for their skills Read business-related articles Follow companies/schools/individuals
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a Companies on LinkedIn can Post jobs Search for potential employees
Stay current with hiring trends Increase company exposure
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Instagram Instagram is a mobile-only, photo/video app
Users can follow other users, companies, and celebrities Instagram can connect with other social media sites, such as Facebook and Twitter
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Instagram Companies on Instagram can Showcase new products
Post pictures from company events Post location pictures Showcase individuals using their products
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Instagram Popular companies on Instagram include Oreo, Nike, Intel, Sephora, Starbucks, and GoPro
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Overall Advantages for Companies
Low-cost advertising Advertising directly to consumers Promote the brand Showcase products Increase search engine rankings Crowdsourcing as customers voice their opinions Recruiting candidates for jobs
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Overall Disadvantages for Companies
Negative feedback is public and immediate Time investment Staff must constantly monitor social media accounts and speak for the company
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Overall Advantages for Individuals
Connect with friends, family members, and coworkers Network with past/current colleagues and identify new contacts Follow/correspond directly with companies and organizations Powerful platform to report events as they happen
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Overall Disadvantages for Individuals
Do not trust your privacy settings Your friends, followers, and likes reflect on you Offensive posts/comments can get you fired Employment recruiters will search for your social media accounts Pictures/posts may not be deleted
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h Pause before you post
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