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Social media as a marketing tool
Social media as a tool of advertising
Social media as a marketing tool
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Often larger businesses engage in “unintentional” advertising, this saves the company money for advertising to a specific market, market research, and the actual advertisement placement. When someone uploads a video to any number of social media sites, using a company’s product, and that in turn goes viral on YouTube, Twitter, Facebook, Instagram, or any other mainstream social media outlet, and the business is able to utilize that video to springboard an advertising campaign – this is the core of unintentional viral marketing. A recent viral game application sensation -- Pokémon Go -- has helped small, and local businesses receive an increase in foot traffic, and business. Many of the “Poke-stops” are at geocache sites which many times are …show more content…
Not all small businesses are aware of the additional foot traffic’s cause, thus they may not be utilizing the additional business to its fullest. There is also the possibility that the businesses are unwilling, or unaware of the most creative ways to capitalize on this additional foot traffic. Another key element, is the willingness for the small business to not only reach out in the initial interaction but continue to be open to growing their business model around new strategies in terms of obtaining and retaining this new customer base, and not wholly relying on the unintentional viral marketing to be to sole driving force. Another drawback is the core of a small businesses business model. If a business is a family business with a multi-generational element, they may be reluctant to do anything that might be new or different. This fear might be a sound protection in a viral world, or it could just draw out the slow death of the business in ever shrinking small towns, or small downtown …show more content…
Many studies observe larger company models without evaluating the potential benefit, or harm unintentional viral marketing may have on smaller businesses, in addition to smaller communities. Is the unintentional viral marketing for big companies being done at the potential expense of these last bastions of the American Dream? Are small freestanding businesses just holding off the inevitable final sale? The greatest question, is the unintentional viral marketing a resurgence for small businesses, or is this going to just act as a temporary revival that will have a greater negative impact, of a crash, in the long
Is it ethical to target uninformed consumers? Some people argue that it is completely ethical to target unknowing consumers.While many people think that it is unethical to target people who are uninformed or unknowing, others think it is perfectly okay all the time, and there are some who think its okay sometimes and other times not.
Success for any small business owner depends on the lucrative employment of sound marketing strategies. It is essential that a business, especially a small business or fledgling company, define themselves as a company, because it only then, that the business can develop a business marketing strategy that is reliable. Moreover, a sound marketing strategy remains a crucial element for the development, as well as, the growth of the company allowing it to achieve, in addition to communicating both the goals and the objective of the business to all concerns (Hemley, 2013). Thus, a marketing consultant, assist the business owner in targeting a specific audience, as well as, correlating the distinguishing factors that separates the business from its competitors. Subsequently, these three components, the discovery of the true business identify, the
4) Viral-Quotient per Content (Any Media) - Most popular YouTube video was viewed 200,000 times. On an average, a video was viewed 1600 times. This builds upon the idea of Customer engagement, and Content distribution in the social space, that relates heavily to the very purpose of such a campaign. Also, this entire communication was user-generated, so the message didn’t look, at least to say, to be coming out in the form of ‘Company Promotion’.
In the article, "Strategies for Enhancing Small-Business Owners' Success" by Susan Turner and Al Endres, it is claimed that there is no specific reason as to why small businesses are failing in today's America. They believe, however that two factors can cause the demise of small businesses. These factors are small business financing and the marketing plans associated with those businesses. Small business owners are finding it increasingly hard to acquire funds to start up and help maintain a foothold in the business world. The authors state that this is due to the rising risks of propositions for investors and acknowledge that small businesses have to resort to using their own resources such as their own funds and bootstrap financing. Another
Small businesses success is dependent on the perceptions they create within their communities. A business trying to get established in their market depends on their local economy for support in order to get their name out there. If a business is not operating ethically or showing social responsibility to their community, they close those doors to the support they need in order to grow. Small businesses can have the greatest impact on a community by creating jobs and providing good and services for customers in smaller markets that larger corporations are often not interested in serving (Ferrell & Hartline, 2011).
There is new technological territory that is changing how business does business. From the independent food trucks that tweet their current location to Starbucks that cross promotes on several social media sites.
Viral marketing is a form of word-of-mouth marketing that aims to result in a message spreading exponentially and campaigns work when a message is spread exponentially and it results in a desired outcome for a brand (Stokes, R., 2010). Viral marketing uses the internet to disclose and spread the company’s products or services. It harnesses the electronic connectivity of individuals to ensure marketing messages are referred from one person to another (Stokes, R., 2010). There are two types of viral marketing. Organic viral campaigns spread with no input from the company who wants to advertise. The message or product/ service being sold by the merchant are passed around in a viral nature without any intention from the marketer (Stokes, R., 2010). In organic viral marketing, no planning was done on how to broadcast the products or services and those who expose the products or services made a choice just to pass it around by word of mouth in the internet. Amplified viral marketing on the other hand have been strategically planned, have defined goals for the brand being marketed, and usually have a distinct method of passing on the message (that can be tracked and quantified by the marketer) (Stokes , R.,2010). To go viral, sellers or services provider have to define the aims of the campaign. Sellers or service providers have to decide if the company wants brand awareness, drive traffic or make sure customers avail of the products or services. Secondly, the company should plan the message it wants to go viral. The message has to be unique and easily noticeable by consumers. Third, the message you want to convey must be passed on to others efficiently. The company has to provide incentives for sharing. The greatest ince...
Although small businesses do not make a lot of major deals with large investors, most small businesses create profit revenue greater than large corporations. Small business creators are very brave considering only ten percent of small businesses survive. Unfortunately, some communities do not support local small businesses; they only support the large brand name and force small businesses to die out. Since small businesses will not have a name brand known around the world, many people from communities will not support them because they are not known on a national scale. “This, in turn will affect the local economy and drive capital out of their local economy. On average, for every one hundred dollars spent in an economy, if spent on a
So far, studies have been done to figure out the types of content that goes viral, why consumers choose to share one video and not the next, who the consumers are that are sharing these videos, and the implications of viral ads on consumer behavior, knowledge, and attitude. While there is sti...
The New York Times states that “An estimated 671,800 small businesses with employees opened their doors in 2005, even as another 544,800 were expected to close theirs that year” (Johnson 2006). The majority of businesses do not last. It takes a lot to keep a business alive. Jonathon Jones states; “It can be easy to start a small business, as there are opportunities to fit almost every budget and skill. It is often harder, however, to run a small business successfully” (Jones, 2012). Business owners have a hard time keeping themselves afloat because of the competition of other businesses that are selling the same product or service. The key to keeping a business around is to be different than your competitors. Apple is a prime example of this, as they continue to come out with new products such as Apple Pay and Apple Watch. Whichever company comes out with the newer better product wins the
This essay will try to give my opinion on whether marketing is evil or good. The essay will also try to address some of the good consequences and the bad ones of marketing. I have also tried to further explain the effects these consequences have on the society. I have also tried to tackle issues such as ethics of marketing and social well being and values.
Intro: According to Yeshin’s definition of advertising, it is a paid-for message from an “identified organisation” which gives information about a product or service in order to influence consumers (Yeshin, 18). In today’s society, we live in a place where advertising surrounds us physically and digitally. The discourse of advertising is one worthy of discussion as it brings forth both concerns of stereotypical portrayals, manipulative and persuasive messages, obsession with materialism, lack of information, and use of sex appeal (Yeshin, 18).
Effectively introducing the standards to using guerrilla marketing strategies provides proper association towards gaining better profits for several types of businesses. With the major focus on the development of small businesses, the basis of including real marketing techniques to express efficient management will increase the potential market share for the industry overall. The marketing trend enhances the current strategies that managers use to promote their businesses, which includes the use of the marketing mix. According to Jay Conrad Levinson, the author of Guerrilla Marketing, he includes special details that will help small businesses earn big profits and strengthen their management processes.
Advertising is an information source to inform people about the products and new prices of the company which can help them to make informed choices. More recently, huge amount of money has been spent on advertising throughout the world. Different types of advertisement such as television, radio, magazine, newspaper, the internet, billboards and posters can influence consumer’s behavior positively or negatively as there are different arguments and opinions. This essay will focus on the purpose of the advertisement for the company, the positive effects and negative effects of advertisement on consumer behavior.
Information technology is infiltrating all aspects of business, both large and small. Without it, a company will not be able to keep up with their competition. On the flip side of this theory however is the fact that information technology is cheap, therefore everyone had access to it. This in turn allows all the competition to have the same edge. This may work for a smaller company that has a good marketing campaign. Larger companies have always been able to succeed in the competitive market due to their ability to gain a foothold in the stock market and obtain funding that a smaller company may not be able to do. The ability to advertise allows these smaller organizations to become more lucrative simply by being recognized. A retail company that is willing to ship their products globally is in a position to increase their sales exponentially.