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How can businesses improve their companies through social networking? Maddie Schneeman, Chris Samuelson, & Jordan Lange
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Why are companies using social media? 1.Trying to sell a product (what are they doing?) 2.Trying to build the brand name (how are they doing it?) 3.Engage with customers and manage issues.
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Successful Social Media Campaigns Ford Fiesta Built brand awareness by giving consumers cars prior to the release date and having them tweet, upload pictures/videos, etc. about their experience. Sephora Engaged customers by facilitating communities In which consumers talk about beauty products.
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Unsuccessful Social Media Campaigns Walmart Did not engage the customer by restricting the comments section on Facebook. Skittles Again, did not engage the customer due to the one-way stream of communication.
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Social Media Relevancy Today 94% of all businesses with a marketing department used social media as part of their marketing platform 85% of all businesses that have a dedicated social media platform as part of their marketing strategy reported an increase in their market exposure Almost 60% of marketers are devoting the equivalent of a full work day to social media marketing development and maintenance 43% of people aged 20-29 spend more than 10 hours a week on social media sites More than half the U.S. population has eagerly embraced sites like Facebook and more than a third are using Twitter
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Social Media FacebookTwitterLinkedInBlogs Video (YouTube) Targeted Advertising Content Market Engagement Customer Engagement Relevancy Rankings Visits Profit
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1.Generate interest 2.Provide insight 3.Promote feedback (forum) 1.Provide credibility 2.Maximize data gathering 3.Implement data to match customers to desired products How to content market How to target advertise
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Taken from “2012 Social Media Marketing Industry Report” by Michael A. Stelzner
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Works Cited http://www.zdnet.com/like-me-like-me-doing-business-in-the-facebook-age-7000003487/ http://www.zdnet.com/like-me-like-me-doing-business-in-the-facebook-age-7000003487/ http://www.forbes.com/sites/victoriabarret/2012/07/12/ceos-afraid-of-going-social-are-doing-shareholders-a-massive- disservice/ http://www.forbes.com/sites/victoriabarret/2012/07/12/ceos-afraid-of-going-social-are-doing-shareholders-a-massive- disservice/ http://www.socialmediaexaminer.com/SocialMediaMarketingIndustryReport2012.pdf http://www.socialmediaexaminer.com/SocialMediaMarketingIndustryReport2012.pdf http://www.forbes.com/sites/moneywisewomen/2012/08/08/the-developing-role-of-social-media-in-the-modern-business- world/ http://www.forbes.com/sites/moneywisewomen/2012/08/08/the-developing-role-of-social-media-in-the-modern-business- world/ http://practicalsocialmedia.com/general/ford-fiesta-a-successful-social-media-marketing-Example/ http://practicalsocialmedia.com/general/ford-fiesta-a-successful-social-media-marketing-Example/ http://blog.askoli.com/social-media-marketing/let%E2%80%99s-learn-top-5-social-media-campaigns-that-failed-miserably/ http://blog.askoli.com/social-media-marketing/let%E2%80%99s-learn-top-5-social-media-campaigns-that-failed-miserably/ http://www.guardian.co.uk/media-network/media-network-blog/2012/jul/25/social-retailing http://www.guardian.co.uk/media-network/media-network-blog/2012/jul/25/social-retailing http://farm3.staticflickr.com/2453/3838882537_fd341ff42e.jpg http://farm3.staticflickr.com/2453/3838882537_fd341ff42e.jpg http://www.prdaily.com/Main/Articles/10383.aspx http://www.prdaily.com/Main/Articles/10383.aspx http://www.insidefacebook.com/wp-content/uploads/2009/01/pollingad.png http://www.insidefacebook.com/wp-content/uploads/2009/01/pollingad.png
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