Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Impact of social media on purchase decision making or customers
Impact of social media on consumer behavior
Social media and its impact on consumer behaviour
Don’t take our word for it - see why 10 million students trust us with their essay needs.
1 Introduction 1.1 Title An Investigation of the impact of social media on customer purchase decision in retail industry: a case study on J Sainsbury, UK. 1.2 Background of the Study: With the development of internet, different social network along with social media has become potential communication media among the people. They share their opinion, choice, experiences, and knowledge through these media. These social media facilitate customers by producing services of information sharing about products and services by which customers are influenced to purchase that product or not. It influences customer’s purchase decision which may effect on the company’s revenue and profit. Researchers are interested to observe the social media affect on …show more content…
What is the impact of social media on the J Sainsbury’s revenue and profit? 4. What is the condition of existing strategy of J Sainsbury to meet social media’s challenges? 2 Literature Review: Various past research experience based on different theoretical aspect are discussed in the literature review. This analyse different theoretical factors. 2.1 Social Media Social media plays a potential role on customer’s mind to think whether he would purchase product of a company or not. Customers are provided very new opportunities by the social media to interact on the internet. Now a day, to make smooth the sharing information progress a large number of social media have been developed. Customers get many reviews from social media about their chosen product. 2.2 Customer’s purchase decision behaviour: Customer’s purchase decision behaviour is defined as a process which involved a person’s selection, purchase, use etc. of any product or services. Always customers want something new and for this reason customer identify problem about a product at first. 2.3 The Value of brand The value of brand indicates the functions and utilities derived by the customers from a product or services. It earns high revenue and makes profit and competitive advantages for the
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.
Topshop has focused on the social media platform not only the make its brand name known but to trap some revenue from the online sales. It has seen Topshop being ranked as among the companies with the extensive range of customers in all the social media platforms. The most targeted group in this strategy is the younger population hence this makes social market easier to the company (Schmidt & Iyer,
Amazon is arguably the biggest Internet-based retailing company in the world. It has been very successful in using the Internet as a platform for commerce, where it conducts its transactions electronically. Part of the success of Amazon can be attributed to its heavy investment in social media advertising and positioning. The advancement of technology has increased the importance of social media and most companies often resort to social media advertising and presence since it can reach out to a large and diverse audience. The other advantage of social media is that it can be used to gauge customer feedback and respond to different issues raised by customers. This helps in making an organization customer centric thereby increasing profitability
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).
A company’s brand is one of its most valuable assets (Green and Smith 2002). Brands owners invest millions of dollars every year in advertising and promotion to raise awareness and create demand for their brands.
A brand is the set of expectations, memories, stories and relationships that, taken together, account for a consumer’s decision to choose one product or service over another. If the consumer (whether it’s a business, a buyer, a voter or a donor) doesn’t pay a premium, make a selection or spread the word, then no brand value exists for that consumer. Seth Godin – Author of Linchpin
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.
Social media start as a very personal tool for users to communicate with their friends and closely related people. Soon after, business area have also take the advantage of this innovative way of exchanging information.
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.
...o use for instant information. Data will be collected from the like page on Facebook, Instagram, twitter and Youtube these results will be converted into a table from their sub categories which will be formed from the tweets that are tweeted whether they link to consumer behaviour. There will be certain skills needed in this process, being open minded with data collected, observing the right information for your research and making sure it is reliable. Using social media as platform and tools to collect data become important in my research allowing to access like pages 24/7. This research interested me to investigate the influence of different social media on decision making. Also, the difference in characteristics according to consumers, the cultural and nationalities that interest to understand the influence of consumer behaviour and the variables behind it.
People can share information, learn about brands, products, and services of a company. Social media allows individuals to search different websites, compare prices and experience online shopping even though everyone is not an online shopper. Nevertheless, there are several avenues open having access to social media. There is the availability to keep up with the different trends, take advantage of promotions and the opportunity to engage in multiple organizations. However, social media can be used as a tool for exchanging knowledge among peers as well as provide an outlet for networking and allow people to social interact online or on a professional level.
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 use 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 reach consumers.
Customers (particularly consumers) view a brand as an important part of a product and branding can add value to a product. A brand can provide a guarantee of reliability and quality, in fact.
A brand adds value in a number of ways. According to Aaker, Brand equity creates value for the marketer and the