Chapter 13: Participation (Digital Marketing) Flashcards
_______ marketing changes quickly.
Digital
T or F: There’s so many channels to choose from in marketing, and you have to figure out what’s going to work.
True (ex: TikTok, Instagram, etc.)
Why do brands love TikTok?
Influencers use their product, then get people to do live shopping on TikTok.
How does spending on digital marketing compare to traditional advertising strategy? What is the trend?
digital spending is increasing (we’re now past the halfway point where digital marketing is now bigger than traditional advertising strategy)
Why is the spending trend happening? (that is, why are companies moving to digital)? (3 reasons)
- It has been cheap (CPM)
- Offers great data (targeting and tracking) (ex: knowing what apps people choose, how long they’ve been on a site, etc.)
- Young and adopting audience (audience characteristics)
What is the appropriate CPM of social media?
How does this number compare to those we calculated for the Super Bowl?
- Socia Media CPM: $8.50
- Super Bowl CPM: $59
(showing how social media is cheaper)
T or F: Innovators and early adopters are younger people, so if these people can adopt things early, this is super appealing to companies.
True
What is the history of the obsession of targeting the young demographic? Is this obsession correct? Why?
- Companies think that if they get you brand loyal now, you’ll stay brand loyal for life. (“get tomorrow’s buyers today before they are brand loyal”)
- This obsession is NOT correct.
- Young people are likely to trade preferences (they will switch around) and they are trading down and buying less
T or F: Crystallizing attitudes young ensures they will stick with you forever.
False; it still doesn’t ensure they will stick with you forever
When marketers are focusing on a very small slice of the target market.
Hyper targeting
T or F: All the kinks of hyper targeting have been resolved at this point today.
False; all the kinks HAVEN’T been worked out.
(If you watch a lot of streaming TV, you might notice two telltale signs of this kind of advertising. One is over-frequency, where you say to yourself ‘I’ve seen that same commercial 27 times’, often one right after another”)
The data from digital is allowing very specific targeting, which can lead to ____________.
overexposure (over-frequency)
What does privacy have to do with digital marketing?
The data usage is leading to major privacy concerns, which is impacting the efficacy of digital marketing.
(ex: Apple giving users of their phone the option to not allow tracking on the websites they visit, which makes it harder for digital marketers to target their ads to certain people without this data)
What are the 5 characteristics of the consumer digital culture?
- Information-rich
- Consumer-centered
- Omnipresent
- Interconnected
- Personalized
Match each of the following descriptions to which characteristic of the consumer digital culture it pertains to:
1. The consumer digital culture is growing not only in terms of technology and platforms, but also in terms of its reach. More and more consumers are entering the digital culture, including older age groups not usually assumed to be part of this cultural shift.
2. Digital media produces information of use to both consumers and marketers. Consumers gain great insights into products and brands and, by tracking online behavior, marketers gain great insights into the consumers they serve.
3. Much of the consumer-generated content created on various digital media pertains to the activities and opinions of the consumers creating the content. Consumers inform friends about what they’re doing now; consumers review the products and services they buy. The self-focused mindset encouraged by the consumer digital culture keeps consumers conscious of their own needs and receptive to products and brands that address those needs.
4. Consumer-generated content is generally highly personalized to friends, family, and colleagues, while marketer-generated content is commonly personalized to consumer tastes and preferences gleaned from their digital activities.
5. digital media channels permit multiple flows of information. Digital culture connects customers to each other and to companies in ways that were not possible before.
- Omnipresent
- Information-rich
- Consumer-centered
- Personalized
- Interconnected
the accumulation of meaningful, behavioral, social, and psychological contacts between people and brands and among people interacting about brands.
customer connections
- Customer connections create the opportunity for _________.
- ________ ________ is on the rise; people are doing more things together and being more intentional about consuming things together
- sharing
- joint consumption
(like customers share ads with each other and stuff)
How does connection differ in the digital realm compared to traditional media?
More connection between consumers with one another and consumers with brands in the digital realm compared to traditional media bc marketers have much more specific information about customers and their behavior than they ever had with traditional marketing, which allows more research about customers and more targeted marketing activities.