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Relationship marketing approaches
Relationship marketing approaches
Relationship marketing approaches
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Agnihotri, R., Kothandaraman, P., Kashyap, R., & Singh, R. (2012). Bringing "Social" into Sales: The Impact of Salespeople's Social Media Use on Service Behaviors and Value Creation. Journal Of Personal Selling & Sales Management, 32(3), 333-348.
The increasing use of social media has created a huge opportunity for organizations. The source draws on the existing literature on relationship marketing, task-technology fit theory, and sales service behavior to design a social media strategy for business-to-business sales (B2B). The framework directs how tools found on social media platforms help salespeople accomplish service behaviors that lead to “value creation.” This source is used in the final paper to describe the steps companies take in advertising on social media.
Bradley, R. (2013). Instagram's ads are at odds with Instagram itself. Fortune.Com, 1.
The article discusses advertising on Instagram alone. In the author's view, advertising on Instagram could have a negative effect on the company if done incorrectly. The article mentions that every social media site is different and therefore the marketing technique is different for each site. The author also discusses some negatives to social media marketing. This source will be used in the final paper to show that a company cannot use the same strategy on every social media platform.
Bronner, F., & de Hoog, R. (2014). Social media and consumer choice. International Journal Of Market Research, 56(1), 51-71. doi:10.2501/IJMR-2013-053
The research found in this source describes the relationship between the keywords users search for on search engines and the advertisements that follow those keywords. The social media cataloging structure used is built on two dimensions: first...
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...mouth. Through the process of sharing content, a specific network of contacts is drafted. A specific network of contacts is the key to effective social media marketing. This journal includes lots of number that will be used in the final paper to describe business-to-business sales performances.
Schlinke, J., & Crain, S. (2013). Social Media from an Integrated Marketing and Compliance Perspective. Journal Of Financial Service Professionals, 67(2), 85-92
Industry professionals are required to meet standards set by the state and federal government. The article discusses the four key things financial services employees need to know when structuring a social media game plan. This source is used in the final paper to describe the financial side of social media marketing. The article is a great source for describing how companies kick-start their social media marketing.
Pooja, M., Black, J. E., Jiangmei, C., Berger, P. D., & Weinberg, B. D. (2012). The Impact of Social Media Usage on Consumer Buying Behavior. Advances In Management, 5(1), 14-22.
Social media is at the core of many marketing plans for corporations in the United States and world-wide. One of these companies at the forefront of social media use is Wells Fargo Bank, N.A. (Wells Fargo). The ability to directly contact customers and potential customers in a real time online environment is crucial to the bank / customer conversation and reinforcing the company’s place in a customer’s mind as the entity that they want to do business with (Wells Fargo Bank, 2014). This case study will discuss the current status of Wells Fargo’s use of social media as a means to building their customer base. Additionally, historical information on the process of the marketing move to social media will be presented and the development of the roles that are involved in this marketing strategy will be discussed. The impacts to the public sphere and society at large will play into the discourse of the social media topic and finally, the underlying theories will be discussed as they pertain to Wells Fargo and social media.
The development and complete integration of the internet into everyday life has changed the modern perception of communication which, as a result, has changed the playing field for public relations practitioners everywhere. Social media opens new doors into the world of communicating and is undeniably useful for “anticipating, analyzing and interpreting public opinion, attitudes and issues that might impact, for good or ill, the operations and plans of the organization” (Horton, 2011). Through the successful creation of social media campaigns, an organization has the opportunity to create a positive public image, relationship, and lasting online presence that will benef...
Marketing through Social Media (Exploratory Essay) Throughout the ages there have been many intriguing ways that businesses have portrayed their product or services for accessibility. Recently, businesses have been researching how to market the businesses product through the World Wide Web. With websites such as Facebook, Twitter, Instagram, it started becoming popular within the past 20 Years. People have started to rely heavily on the internet over the past decade, whether it be for searching for information on products or people.
This paper will discuss and identify the effects of social media, and what will make social media better through research on best practices. Social media is an imperative public relations tool for companies to utilize in their business practices. Social media cannot be regulated so anyone can say what they want about the company, whether it is good, bad or ugly. Social media is developing rapidly and there are new platforms daily, making it necessary for companies to not only be familiar with those platforms, but also know how to reach the consumer through them.
Social media with interactive nature with its capability to establish conversations among firms and individuals in communities of customers and sellers and involve customers in satisfied generation and value creation has energised practitioners with its potential to better serve customers and satisfy their needs (Sashi, 2012).
Social media in marketing is used as an apparatus that builds an identity for a brand and gives awareness that they thought they could have. It does not only respect buyers, but also customer allegiance. Social media is widely-ranged so it can be used in whatever way that best conforms to the strategy and wants of the business. In accordance to the social media marketing report of 2014, a considerable (64%) of marketers use social media for at least 6 hours or more and 41% for 11 hours or more weekly, more importantly nearly (19%) of marketers use up to 20 hours each week on Facebook, Twitter, LinkedIn, Instagram and many more. The report also showed 7 social media platforms that led in 2014 which are Facebook, Twitter, LinkedIn, Google+, Youtube, Pinterest and Instagram.
The writer finds social media is important in her current organization, Modern Business Concepts, Incorporated (MBC). With small business organizations such as hers, social media is important in spreading information on who the company is and what they do. Also as a business-to-business sales and marketing company, spreading the word is important in gaining customers and potential employees. Ucok (2014) uses research and experiments to prove how social media is essential to marketing. These platforms were essential in Ucok’s research, resulting in higher response with marketing campaigns proving “the importance of social media in marketing strategy and communication” (Ucock, 2014, p. 95).
Since social media users grow larger and larger, many companies take the opportunities of using social media marketing to reach more customers. Companies use social media marketing in order to achieve marketing communication and branding goals. Social media allows companies to see what prospects are saying about their brands and competitors. It also allows companies to build deeper relationships with existing customers that drives them to purchase again and again. Not only it can help them generate new leads, but it allows them to build deeper relationships with existing clients that drives them to purchase again and again. It has become common for businesses to branch out and experiment with multiple networks with the aim of reaching the maximum amount of costumers.
Among the billions of social media users, there is a percentage dedicated to businesses who use social media as part of their marketing strategy. The sheer number of people who use services like Facebook and Instagram on a daily
We can now connect with each other instantly over the internet. It is quicker and easier to communicate and share with each other now than it has ever been. Massive amounts of people access the internet every day, and a good number of them are using social media. This means that the ability to use social media and use it well is crucial for modern businesses. Whether for public relations or advertising social media is now one of the best ways to access consumers. Especially when it comes to younger generations, if you aren’t online you don’t exist. Social media is an excellent way to establish a presence in the minds of consumers. They can interact and establish a connection with an organization instantly. Social media is cheap and its everywhere. If a business hopes to compete in the modern world having a social media presence is absolutely
Social media avenues are a new, upcoming, and popular way to advertise for businesses and for people to connect to each other. Alexis Ohanian once said that "Being effective at social media, whether for business or personal use, means capturing people who have short attention spans. They 're only a click away from a picture of a funny cat, so you have to make your thing more compelling than that cat. And that can be a high bar." (Ohanian) Powerful usage of social media can have a big impact.
Some companies use the social media as the pillar of their marketing communication. As the information disseminates through the social media, companies use the social media to regulate the information. Social media deliver the power for the companies to interact with their clients or with their potential clients to build relationships and increase the loyalty (Smith, Katherine Taken; Blazovich, Janell L; Smith, L. Murphy 2015). The choice of social media for a firm should meet specific needs to fulfill their marketing mix. As Weinberg and Pehlivan (2011) underlined there is a variety of two particular dimensions which categorize the social media. The two factors are the depth of the information and the half-life of information. The extent of the information refers to rich content and the amount of diversity of aspects. The half-life of information refers to the period that the information, is available or appear on the screen (Figure 2-1). According to the marketing targets, the firm could select to use Facebook or
The importance of social media today cannot be underestimated, whether for business or personal connections. Used as a business tool, a strong social media presence can enhance brand loyalty, ensure brand commitment and importantly, drive direct sales. However, there are some glaring (but often over-looked) tips that prove fatal to the process of using social media as a tool for driving direct sales (if they are ignored). Outlined below are the 5 (five) most notorious.
Marshall, G.W., Moncrief, W.C., Rudd J.M., & Lee, N. (2012). Revolution in sales: The impact of social media and related technology on the selling environment. Journal of Personal Selling & Sales Management, 32(3), 349-363. doi:10.2753/PSS0885-3134320305