Marketing on social media

21 important questions on Marketing on social media

What is social media?

an umbrella term for the various social network and community sites which are composed of user-generated content.

Which 4 things is social media marketing NOT?

-  not social media (using Facebook does not mean engaging with any marketing performed on that platform).
- Advertising on social media platforms is not social media marketing (it is advertising).
- Social media marketing is not free (setting up a presence on a social media platform incurs no charge, but there is the opportunity cost of doing something else in the time spent developing the social media content).
- Social media marketing is not the solution to all the business and marketing problems.

Which 3 things are marketing on social media?

- Is made up of social media marketing (the engagement element) and social broadcast (the non-engagement element).
- Most organizations now use social media platforms as broadcast media for content to be pushed out to the general public, with no attempt at any kind of engagement.
- Social media marketing is about engagement – anything else is marketing on social media.
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What are 4 problems with marketing on social media?

1. Reasons for following a brand.
2. Only customers follow brands.
3. Engagement on social media harms true engagement.
4. Return on investment.

Why is reasons for following a brand a problem with marketing on social media?

- The percentage of a customer base that participates in a firm’s social media sites ranges from 1% to 7.35%.
- Hard to think of any other marketing activity that would be continued if such a small proportion of its customer base was reached.
- Many reasons for following a brand on social media imply minimal engagement: entertainment, interest in promotions, joined up for an incentive (buying friends).
- Of eight reasons for using social media only one (find specific information on products and services) can be described as commercial.

Why is engagement on social media harms true engagement a problem with marketing on social media?

- Does engagement on social media (often measured in a click of a mouse or tap of a screen) represent true engagement?
- Or could the ease of virtual engagement actually cause customers (existing and potential) to disengage from real organizations, brands and products?
Some evidence that the latter (last one) might be the case in some industries. Prior to the internet, the average customer visited a dealer around 9 times before buying a car, now 1,5.

What are 4 types of commercial blogs?

The company evangelist
The product blog
The CEO/director blog
The event blog
The promotional blog

What is the company evangelist?

A less formal presentation than the website, can be used to talk about new products, uses for existing ones or problem-solving.

What is the product blog?

Like an online community. Conversation about product uses and attributes.

What is the CEO/director blog?

More formal than the company evangelist. But still comparatively informal.

What is the event blog?

Not permanent, used during an event or as part of a wider promotional strategy.

What is the promotional blog?

Written by small business owners or managers – largely replaced by social media.

What are 5 impacts of online reviews?

- Consumers’ feedback is made public in online reviews.
- Never before has it been possible to reach such a large audience.
- The ability of customers to offer their opinions of products and services to thousands or millions of people is one of the factors with the biggest impact of the internet on business.
- For marketers, consumer reviews are either your best friend or your worst enemy!
- For consumers, they have improved the products and services we buy.

What are 5 types of online reviews websites?

- Websites that publish review forums as a business model.
- Websites that use reviews as additional content that attracts visitors.
- Retail sites that offer feedback facilities for customers to leave comments.
- Manufacturer sites that encourage feedback on products.
- Service provider sites that use customer feedback.

How helpful are these consumer reviews?

Most people agree that reviews help them decide whether or not to purchase a product!
8 in 10 consumers trust online reviews as much as personal recommendations. Searching for reviews online is the primary way consumer electronics buyers seek out product opinions.

Why do companies feature consumer reviews?

 It is not purely altruistic reasons! For some sites, customer comments are a significant element of the publisher’s business model.
The availability of inter-consumer communications helps influence the perception of trustworthiness about a company.
Unbiased reviews engender customer trust and that translates into loyal, lifelong customers.
Doubts are beginning to creep in about the validity and authenticity of some reviews (fake).

How can companies react to consumer reviews? 4 ways.

- Passively: simply tracking consumer reviews as they appear online and use it as market research.
- Proactively: joining in with online comments or responding to them.
       - Covertly: adding comments as another reviewer responding to previous comments, BUT:  discovery can result in lost credibility and this practice in Europe is likely to be deemed an offence.
        - Overtly:
making comments in response to criticism can have a positive effect and increase trust.

How many customers actually write reviews?

Many more consumers read rather than write reviews. User participation follows a 90-9-1 rule.
90% are lurkers (they read but don’t contribute), 9% contribute occasionally, 1% participate a lot and account for most contributions. This small percentage of web users who are contributors are the influencers in the online marketplace!

How to persuade customers to submit reviews?

- Ask: use a clear call to action.
- Make it easy: essentially, you are asking the potential reviewer to do you a favor, so do not present barriers to that favor.
- Use email to contact customers: in many cases available (online bookings).
- Offer an incentive: without making it look like a bribe.
- Formalize compliments: seek to turn informal compliments into reviews.

What is the AIDAT model?

- The social media version of the original AIDA model adjusted to the impact of social media on contemporary marketing.
- Addition of T(=tell) as an extra element after action.
- The customer should be encouraged to tell someone about it.

What prompts people to follow a brand on a site like facebook?

Receiving discounts and special offers. Or learning about products and services, keeping up with brand-related activities. And providing feedback to brands.

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