quiz 1 Flashcards
Inbound marketing (new marketing)
marketing that relies on earning people’s interest instead of buying it e.g. blog, social media, emails
characteristics/benefits of inbound marketing
- Communication is interactive and two-way
- Customers come via search engine, social media
- Marketers provide value
- Marketer seeks to entertain/educate
outbound marketing (old marketing)
marketing that pushes products or services on customers e.g. tv, radio, print.
characteristics/benefits of outbound marketing
- Communication is one way
- Marketer provides little to no added value
- Marketer rarely seeks to entertain or educate
current state of communications and social landscape
- Internet and social media = two-way communication
- Privacy laws that are enforced to protect someone’s data. Social media managers need to know the laws and how they correlate with the company.
- Personal branding
- Sensory assault: mass accumulation of marketing messages e.g. 500 tv channels. Human attention span has gone down significantly with the prevalence of new technology – average video length 2.7min.
- When creating content there needs to be a high quantity of high quality content – optimized for mobile devices.
How we access internet
- Desktops, laptops, tablets, phones
- 88% of Americans have a cellphone, 57% have a laptop, 19% eBook, 16% tablet
- 91% of people on earth have a phone
- Mobile-first development: companies creating content with the idea that it is going on mobiles first. if it isn’t easily viewed on a phone it won’t have the greatest impact.
HIGH QUANTITY OF HIGH QUALITY CONTENT
The social employee
- Mark burgess.
- The rise of the social employee – employee who is empowered change agent, skills in social media, engaged and integrated both personally and professionally.
- Everyone has a personal brand that should reflect a company
- Social employees are important because people trust human interaction over advertising/mass produced information.
- Benefits the company as it allows for more authentic branding but also benefits employee because they feel more integrated in the company
- When an employee feels that their role goes beyond transactional means, they are more likely to do better work.
attention span stats
- average online video 2.7min
- office worker checks email 30x per hour
- mobile suer checks phone 150x day
why social media
- Helps increase sales – used to educate and guide during a brands discovery process
- Channels of influence – consumers are communicating on social media to learn from mutual experiences interacting with specific businesses. This is influencing their purchase and loyalty decisions
- Build brand awareness- social channels provide opportunity to establish brand as a thought leader in a particular area.
- Connect and build loyalty – customers expect real-time, immediate responses to complaints and inquiries
- Be where your audience is – know your audience. Consumers and prospective consumers are communicating on social networks 71% of best-in-class firms consider social media a priority.
*You need to convert clicks to sales
Rising trends
- Social media sites are content publishers, not just distributors – brands can publish content on a variety of socials
- Chatbots taking over
- Online communities help brands cut through the crap – difficult to separate high-quality and accurate information from fake or empty content
- Live video means real-time connection right now – people want to do business with other people which allows for a direct line to various points of content.
future of social media
- Search on social media instead of engines
- Reliance on influencers over celebrities
- Shopping
- Social media strategies
- Active social media community
social media landscape
- The number of social media users worldwide has grown from 61% from 2016-2020, while average time spent per day has grown by only 13%.
- Use of online platforms, apps varies sometimes widely depending on demographic group
- Timing is important for social media platforms – depends on the platform, regions targeted, goals and how your target audience interacts with posts.
ROI
RETURN ON INVESTMENT - ratio of cost per profit. A formula used to calculate probability of an investment (monetary or time spent) e.g. when you think about what something is costing you and you see what you get back from it, is it worth continuing to do.
impressions
number of times a post on a page is displayed, whether it is clicked or not. People may see multiple impressions of the same post (what people see).
reach
number of people who received impressions of a page post. Reach might be less than impressions since one person can see multiple impressions.
engagement
could be a click to a landing page, a reply to a comment – the action someone takes after seeing a post.
key performance indicator
a way to measure the success of projects against business goals e.g. engagement rate, click through rate, downloads
retention time
how much time someone is on the page
hastag
makes content discoverable and allows you to find relevant content based on a common theme or interest. Hashtags are trackable.
algorithm
determines which piece of content will display on and individual’s news feed – can be based on relevance to the type of content you’ve engaged with/chronological order.
style guide
document that provides guidelines for the way your brand must be presented. Can include visual styles i.e. how the brand will look, as well as language styles influencing the way the brand will sound or read. all rules are intended to ensure the consistency of presentation.
social media and the world
- Just because something is popular in one country does not mean that they are working on it somewhere else
- Something may be successful in one country but not other parts of the world
reasons to know about marketing in other countries
- Other countries have different laws about what content is allowed
- Content might have to be in other languages
- Products and campaigns may have different names and creative layouts
- Consumers in other parts of world might use different devices or operating systems
- Your brand might have other competitors in other countries
brand voice
Voice: brand personality described. E.g. brands can be lively, positive, cynical, witty or professional