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Purposes and benefits of using social media for business
Concept of social media for business
Concept of social media for business
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1. INTRODUCTION
Today the internet is the backbone of our society. We have moved on from the era of simple one-way communication i.e. Web1.0 to interactive social systems that is available 24 x7. We call the current version that allows users to interact as Web 2.0. Widespread access to devices like personal computers, digital videos, audio recorders, webcams, smart phones, & smart watches ensures that customers living in any part of the world can create & share content.
Social media works only when people participate, create & share content. Journalists, editors, & publishers still matter in social media, but so do everyday individuals. People support social media through their participation. Bloggers represent a unique hybrid form of netizens
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The goal of SMM is to produce content that users will share with their social network to help a company increase brand exposure and broaden customer reach.
One of the key components of Social media marketing is social media optimization (SMO). Like search engine optimization, SMO is a strategy for drawing new and unique visitors to a website. SMO can be done two ways: adding social media links to content, such as RSS feeds and sharing buttons -- or promoting activity through social media by updating statuses or tweets, or blog posts. [2]
Thus in today’s digital age social media marketing is the new way of reaching out to the new customers in order to create brand awareness and a brand recall to the existing customers too. Thus it is an interactive medium where customers also participate and are the content creators. Thus social media marketing is being used by all types of industries ie B2C & B2B. (“The Infrastructure of Social Media”)
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Internet Marketing:
Internet Marketing is a means to market business online. The way to market to people has radically changed in the past few years due to social media. Consumers are much smarter nowadays and are not as interested in any random messages being shown to them and are therefore are engaging more with social networks. This enable then what products to buy/ services to use, compare products, read peer to peer reviews and finally make their decisions.
Internet marketing is defined as the application of the Internet and related digital technologies in conjunction with traditional communications to achieve marketing objectives (Chaffey, D., Ellis-Chadwick, F., Johnston, K. and Mayer, R. 2006, 8) [20]. According to Chaffey et al. (2006, 20), to be successful in Internet marketing, a strategic approach is needed 15 to manage the risks and deliver the opportunities available from online channels
The term ‘internet’ has achieved successful impact towards marketing and business since the first website (http://info.cern.ch) went live in 1991. Over billions of people now a day’s use internet regularly for their web searches, entertainment, information and more. This changed the behaviour of consumers and the way companies market to both consumers as well as businesses has been changed. To achieve or succeed organisations definitely will need strategists, marketers and agencies with the knowledge of digital media such as web, e-mail, and mobile.
Internet marketing will aid you to promote your message through the World Wide Web and expose your new brand to people
Get Useful Information about Online Marketing Strategies on Mindshark Marketing Reviews Internet is the most popular medium of advertisement since it offers a wide scope for using variety of marketing strategies to promote products and services. Mindshark marketing reviews will tell you how online advertising is different and profitable compared to conventional advertising methods. Right from a business owner to a professional or a home maker, everyone uses the internet check emails, to collect information, to play online games, to locate places, etc and when you use this medium to promote your products, you will be reaching to your target audience directly and personally to communicate what you got for them. How to Choose a Suitable Online Marketing Strategy?
It surpasses the traditional means of business, businesses can now be heard and visible and given a platform to communicate with customers like never before. Marketing is a management process that identifies, supplies, and presumes customers needs, requirements, and wants. Social media marketing is a platform that helps regenerate an organization marketing techniques. It helps create a new perception about the company’s product and the vital marketing programs and create a method to gain an edge in the online business world.
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).
But since the time the Internet has become a business mainstay, all this has almost changed. People have discovered better means on marketing online. The major benefit of Internet marketing is that targeted buyers come to you and you don’t have to go in search of them. This makes the conversion rate very high as they are looking for a product and we have it.
Today 's generation is all about social media. It is the new way to have instant connection to thousands all over the world. Today 's company are now doing less traditional television, radio, and print advertisement and more promotion via Twitter, Facebook and/or Instagram. Companies are invested in getting famous people to post pictures or tweet about their products, knowing that, one person can connect with millions with just one post. Over half of the world has access to social media, making them great consumers. Social media benefit marketing by giving the companies the opportunity to learn their audience/consumers, having access to instant feedback and bring awareness to here product.
Social media is a form of online communication channels devoted to society input, intercommunication, and cooperation. In social media, people can talk and interact without restriction, exchange and debate information with each other about their lives by using many different combinations of the words, personal multimedia, photos, and videos. Also, in social media, individulsa and groups can create, edit, comment on, and engage in personal conversations. There are numerous types of social media, for example, wikis, blogs, social network site, micro blogging services, and sites sharing media. At the beginning, social media was limited to a few networks sites, for instance, Bulletin Board System that allows people to communicate with each other and post a comment. Today, social media has transformed from ineffective sites to more useful and effective websites, for example, Facebook, and MySpace. Some companies are using social media to achieve their goals which is attracting more customers to company website. Three advantages of using social media in business are: raising brand consciousness, building customer relationships, and increasing performance measurements.
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.
Today the moment we think about marketing the first thing that comes in our mind is to go online. Online marketing is the marketing of new era where consumers have become much smarter and their expectation has increased like anything no matter whether it is marketing or anything else.
Since the technological boom of around the year 2000, people have been exposed to computers on an almost daily basis. Along with this boom came an evolution of the web, dubbed "Web 2.0." This evolution brought numerous amounts of new technologies and views on how the Internet should operate. Since then, the web has become more user-friendly, allowing even computer-illiterate people to have their own identity online. People have begun integrating services such as MySpace, Facebook, and email into their daily lives, even holding conversations about them with friends. Cell phones are the must-have accessory for everyone, especially teenagers. The Internet has essentially become an important part of our lives, and it's all thanks to the developments of Web 2.0.
Internet marketing is a reliable tool and affordable. It is easy to introduce a product and brand through internet. It is easy for marketers to work on internet marketing. They can show a better thing to consumers in less time and cost. (Jamie Swartz)
“The Internet is becoming the town square for the global village of tomorrow.” Bill Gates. The Internet is vast and is just getting bigger. It has its own community that is open to the public. The Internet is becoming a platform all on its own. It is a stepping-stone in a direction that is unknown. The Internet has become so vast that there are now different versions of it. The different versions of the web are Web 1.0, Web 2.0, the main focus of this paper, and Web 3.0. Web 1.0 is all about sharing information. It is very bland and just gets the point across of what was needed. This how the Internet had started. Web 2.0 is sharing information with interaction. To me this means social media in some fashion. The website that was accessed has a way of interacting with the users whether it be through comments or giveaways on the web. Web 3.0 is the server interacting with the individual on a particular website. Amazon is the best example of Web 3.0 because it gives recommendations based on items that have been searched. “Among American adults 87% use the web, 68% connect...
The internet was first used as a tool to pass information between American military and scientific bodies in the 1960’s. It has dramatically evolved since then, in developed countries the internet through the World Wide Web has become an important part of everyday life. Information can be passed immediately from one computer to another anywhere in the world creating a global village. Web 2.0 is a term that to a certain extent redefines the uses of the internet or more accurately the World Wide Web. It was coined by Tim O’ Reilly at a conference in 2004 it does not as the name suggests refer to technological advances in the structure of the World Wide Web but rather software development which allows users to interact with Web page content and each other. When the World Wide Web was launched in the early 1990’s its uses were limited to viewing Web page content. With the advent of Web 2.0 technologies people can communicate more effectively through instant messaging or video calls, share media content such as video’s, music, photographs, join social networking sites or express their own views and opinions on any subject through blogging. Web 2.0 technologies allow marketing companies to advertise to precise target markets through social networking sites. All social network sites require user’s to enter personal information to create a profile which breaks down the sites users into key demographic categories of gender, age and class. This allows the site administrators to effectively advertise products developed for a specific target market.
These days, businesses are going for different ways to promote their products. Before the inception of the Internet, businesses were trying to promote their products through conventional marketing strategies. But now the whole scenario has been changed dramatically. Whether it’s a small business or a corporate sector, every one out there is trying to promote their business through the Internet. The Internet has proven to be one of the most cost effective ways for promoting product or service. There is hardly any platform like the Internet that can bring you such a good way to exhibit your product or service on the global screen. With the help of Internet, globalization of businesses is becoming easier for people from all around the world. However, online marketing can be done through several processes. There are many tools and techniques available that can help you in a good way to accomplish Internet marketing strategies for your business. Many business owners are now opting for online media through which they can achieve their business objective quickly and effectively.