Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Effect of social media on branding
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Effect of social media on branding
Interactive marketing can significantly improve brand awareness as Social media enables very specific targeting of difficult to reach groups and allows consumers to learn from and teach others about a brand, as well as expressing their commitment to a brand (Keller 2009). Furthermore from a marketer’s perspective, if dealt with correctly, creative consumers can be a gold mine of ideas as they can identify opportunities that can become sources of revenue (Berthon 2007). A brand embracing the creative consumer is Starbucks, who have launched their own community website called ‘mystarbucksidea.com’ where consumers can submit their own ideas for new coffee creations and the most popular ones get chosen to be made in Starbucks stores. The social media activities of brands such as Starbucks provides opportunities to elevate brand value by creating a platform to exchange ideas and information with creative consumers which in turn positively effects brand awareness (Kim 2012; Kucuk 2007), hence reinforcing the importance of this new two-way communication between brand and consumer.
Another area that’s covered in the literature is the emergence of User-Generated content (UGC) especially on platforms such as the video-sharing site Youtube. UGC in the form of videos can vary across a spectrum of creativity, ranging from informal discussions about a product/service all the way up to the promotion or demotion of brands through self-created advertising videos which then go viral (Berthon 2008). An example of such a video is ‘United Airlines breaks guitars’ (Sonsofmaxwell 2009) which was created and uploaded by an angry customer; it now has over 13 million views on Youtube and has no doubt increased United Airlines brand awareness, but for all ...
... middle of paper ...
...etween consumer to consumer online, it is even more essential for brands to build an interactive community on Social media so that their brand is positively shared and liked amongst consumers.
This process of consumers ‘sharing’ product information with one another through Social media has led to a level of consumer ‘informedness’ never seen before. Clemens (2008) says consumers now know far more about the availability, attributes and prices of brands and so this consequently empowers consumers even more. Winer (2009) continues by saying how this has led to an improvement and in consumer rights and thus consumerism in general. For example websites such as ‘TripAdvisor’ (tripadvisor.co.uk) allows people to read thousands of holiday reviews submitted by other consumers; therefore it is regarded as a much more trustworthy review than one on a company’s own website.
When he talks about the marketing and advertising of today he speaks of the word of mouth and social media and the power that it holds. Continuing with what he said before about people adopting brands to be their own, when it comes to social marketing, if people identify and e...
60% of US consumers discover new brands or product through social media, 59 percent use social media to learn about unfamiliar brands or products, 46% are strongly influenced in their purchase decisions by opinions in social media 39% refer to social media before making purchase decisions.
If businesses expect to thrive in today’s world of connectivity, then they must accept that their most important asset is reaching and retaining customers. Expectations are higher than ever, and communities can provide the perfect outlet for customers to share their thoughts, opinions and needs. According to IBM’s research as many as 85 percent of users, say that social network sites influence them when making a purchase. By facilitating meaningful interaction between the companies and their customers, communities can supply another level of intelligence, improve customer satisfaction and therefore drive sales. Consequently, the allocation of resource, amongst each possible marketing channel, should be carefully considered in order to maximise marketing results.
We can also have just as much presence as most startups and mid-size companies and products. Social media tools have leveled the playing ground and enabled us to reach incredible heights, at the cost of our time. Some researchers indicate that one can decide what face to show to the world, while positioning self for success through the personal branding
Social media is another great cost-effective way at marketing a company. In today’s technological world, the internet plays a huge role on any major brand. By utilizing the use of the internet, Chocolates El Rey could have a much wider market share as this information is available to anyone, anywhere in the world. The use of things like viral videos and social media...
YouTube plays a vital role in transmitting messages to the public. Hotel and Airline companies have used YouTube to acquire a variety of customers or many people who show interest in their services. YouTube allows quick and easy browsing with the use of channels. This allows the public to gain an insight on the company and their environment. Hotel and Airline channels have the ability to obtain millions of viewers if a message is conveyed creatively and effectively. Jamie Izaks, PR Manager for Hyatt Hotels Corporation, states, “You have to be creative. I certainly wouldn’t put up traditional PR material such as video news releases or conventional interviews. You need to strive for something that is both promotional and entertaining” (Cobb). With YouTube, it is easy to host videos on websites by using links and embedded codes that YouTube provides (Pergolino). An array of YouTube videos has created a buzz since the founding of YouTube in 2005 (Chen, Hurley, an...
Integrated marketing communication (IMC) is an approach used by organisation to brand communications where different factors coordinate to create a seamless experience for the customers and are expressed with similar tone and style that reinforce the brand’s core message. Integrated marketing communication campaign leads to the total marketing communication strategy aimed at building strong customer relationship by showing how company’s product can satisfy customer needs ( Kotler et al.).
Social media has a big role in our perception of brands in today’s world. The two companies have both attempted to integrate social media in their continued attempts to one up their competitor. Google has made attempts to cr...
In article “The influence of e-word-of-mouth on travel decision-making: Consumer profiles”, it says that the presence of e-WOM brings more choices and information to tourism from a wide range of users (Hernández-Méndez, Sánchez-Fernández & Muñoz-Leiva 2015). Another advantage is social media tools are considered a more credible source of information because those who generate the content have no vested interest in the companies. According to Wu and Wang, “if users trust the comments and opinions of others in the online environment, it will positively affect their trust and attitude towards the brand and their purchase intent.” (as cited in The influence of e-word-of-mouth on travel decision-making: Consumer profiles
Brands should select their social media platforms based on the organization’s goals. This ever-changing digital world is constantly moving into the needs of intercommunication, which brings, as a result, an intense use of social media platforms. When it comes to business, communication is fundamental as well; a large part of the success any business can have is through the interaction they may have among employees and even more, with the customers or potential customers. As marketers, one of the trickiest and critical decisions that are taken is which platform would work the best for a specific need and which one is more likely to render effective results that would influence the performance of the brand. “In August 2015, Snapchat was ranked
The development of brand communities is seen to reduce the barriers of interaction between consumers and the product/service, it increases community engagement developing additional possibilities for community interaction. Communities hold the potential to enrich the brand image, customer loyalty and provides gateways to understand more about the market (consumer). Brand management strategies hold an in-depth construction of the brand management process including the brand positioning model, resonance model and value chain. When implemented correctly, the correlation between integrated marketing communication tools (coverage, contribution, commonality, complementarity, conformability, cost) and online brand communities connects brands to its consumers to develop a long lasting social bond, Muniz, 2001, p. 412; Brodie et al. (2013) .
According to Diamond 2008, social media marketing is marketing that concentrates on people and not products. The company can represent the product through a promotional tool if possible, all that really matters is the customer’s feedback. Marketers are scared about social media marketing because people provide and control the content posted, therefore negative word of mouth can be said about the brand which can spread worldwide in the twinkle of an eye. Social media does not only help companies and brands expand or create awareness, it also influences consumer behavior in terms of gathering information, purchasing decisions, opinions, attitudes and brand evaluation. Marketers need to post topics that will create great conversations with consumers using the platform.
The first advantage of using social media in business is increasing brand awareness. Social media can help business to build their brand awareness by increasing interactions with a business brand. Brand awareness means the total percent of a target people who know the company exists and what the company offers of products or services. When the brand awareness is increased, the possibility of buying is increased. Thus, efforts should be made to make the brand a part of the consciousness of customers. For example, Coca- Cola is one of the best companies that enjoy unusual...
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.
This method is used to “gain mutual understanding and find a win-win common ground” between brand and consumers, and develop a more long-term relationship beyond just sales (Straubhaar, 300). From Facebook posts and Tweets to Youtube videos, each channel offers a distinct venue for brands to share its content with consumers on platforms they frequent. Each of these social channels help develop the brand’s overall aesthetic and personality, giving consumers a more personal connection with the brand. In return, social media provides consumers with the ability to engage directly with the brands they take interest in, 24/7. Consumers can “favorite” or “like”, share, and post comments on brand posts which can increase brand awareness and spread their message. PR teams have taken advantage of the move from “business hours