Social media 1 Flashcards
What is social media
Computer- mediated tools that allow people to create, share or exchange information, ideas and pictures, videos to a community
Academic social media definition
Internet-based applications that build on the ideological and technological foundations of web 2.0 that allows for the creation of user generated content
UGC- user generated content?
Various forms of media content that are publicly available and created by end users
Web 2.0
how the internet is changing.
Web 1.0
The first interaction with the internet. Focused on companies’ content producer
Social media is different than other forms of media. How?
Email is different than social media. SM allows for social interaction
Openness and flexible- open to everyone. Types of information can be shared
4 P’s of marketing
- creates (product)
- Communicates (promotion)
- Delivers (place)
- Exchange (price)
Ways marketers use social media
using social media to manage profitable customer relationships
Understanding the marketplace and consumers needs and wants
- new product development
- marketing research
- SM customer insights data
Creating a consumer-centric marketing strategy
segmentation
targeting
positioning
preparing a value-driven marketing program
- 4p’s
Strengthen customer relationships
giveaways, service recovery, costomer relationship, brand personality
total reach
total number of people
Audit
A tool to keep track of our social media.
is there other accounts pretending to be ours?
Tracks progress over time
Purpose: provide managers with a “birds eye view” of what the brand is currently doing across all SM platforms
impressions
amount of times it has come up on one persons feed
Strategic planning
a process of identifying goals and objectives
Deciding how to accomplish these goals with strategies
Strategic process: 1. situational analysis
external analysis
Product category
competitors
strategic process: 2. Goals
- broad category that you want to achieve using social media
Characteristics of our audience
- Understanding audience characteristics has been the cornerstone of marketing for decades
Geographic segmentation
Segmenting markets by region, country, marketsize…
Ex. Geo-fencing- real time locations, apps, content creates are shown in closest proximity (best places to eat near you)
Demographic segmentation
Using common demographic characteristics to group similar consumers
Melbourn metro
Dumb ways to die
Increased in following by 2 mill
saw a decrease in 21% of railroad deaths
psychographic segmentation
slices up the market based upon personality, motives, lifestyles
ex. behaviors, you like snowboarding so that will come up.
behavioral segmentation
divides consumers into groups based upon how they act with brands.
influential segmentation
divides consumers on the degree to which a person influences the decision of others.
follower counts, persuasive characteristics
Social networks
A group of socially relevant nodes connects by one or more relations (ties)
nodes
social enteties, people, organizations
ties
relationships among the nodes (people or members)