It will also let us track what social platforms are being used the most, therefore enabling us to tailor our deals to our consumers. Recommendation: Have a dedicated employee (or employees) monitor Twitter and Facebook feed. They should be able to quickly respond to concerns our consumers have, as well as be personable and friendly. We would like the social media employees to be an extension of the brand, building trust with our consumer. Recommendation: Tailor a Pinterest Board to draw consumers in and extend our market.
Online marketing helps add potential customers and the number of quality leads to a website as well. In fact, most organizations can adopt Internet advertising strategies to generate better business. Online marketing is split into different types; Affiliate marketing – refers to the banners seen on other websites or blogs to boost traffic to that web page, and effectively increases product awareness. Email marketing – this is the marketing process that involves getting to customers via email. Inbound marketing – this type of internet marketing involves sharing valuable content to customers to help convince them to become your loyal customer.
By using the social media, web pages and purchasing advertisement banners McBride Finance Services pinpoint a particular group of people. “Web 2.0 social media applications such as Twitter and Facebook create new opportunities for firms to improve their internal operations and to collaborate in new ways with their customers, business partners, and suppliers” (Culnan, McHugh, & Zubillaga, 2010, p. 1). Advertising on the Internet can be tough; it may require the use of a consultant who specializes in Internet marketing. McBride Financial Services would benefit by starting off small when using the Internet market their services. Conclusion McBride Financial Services provides a require service for anyone that is in the market for a residence or recreational property.
Hubspot Case Study Analysis Inbound Marketing- an innovative marketing strategy founded by the Hubspot creators, was developed on the concept that to get customers to be interested in your product, “pulling” them in by use of Web 2.0 technology was much more effective than using traditional methods of marketing that pushed products and services to target audience who may be unwilling or uninterested in the offer at the particular time. Hubspot created software products that enabled its customers to market their products/services with the use of new age tools like Search Engine Optimization(SEO), Social Media, Blogs, Podcasts and social networking websites like Twitter, Facebook etc. This effectively replaced the traditional marketing strategies used by them. Hubspot is challenging the Marketing world by implementing new rules through a new age platform. And this is not without achieving results.
Impact of Social Media on Social Work Profession The use of social media in the social work profession has both ups and downs. The benefits of recruiting social workers and increasing communication among professionals are some of the highlights of using social media among professionals. A drawback to the use of social media is t information posted on a social media site, can be viewed by persons other than the client or friend to which the information was meant to be viewed by. In the ever changing technology world, exciting new therapeutic possibilities via new technologies, such as “Skype” are becoming more common tools being used in the social work profession. However along with the social media and technology come questions about ethical boundaries in relation to clients, social workers, and the use of technology and social media outlets.
The Five Forces Model Since Twitter wants to generate revenue, first of all, it needs to evaluate its Business Segment. For this, Porter's 5 Forces Model can be applied: 1) Rivalry among existing competitors (high: Facebook, Google) 2) Buyer Power (high: users of Twitter can easily switch if they feel that their privacy is violated) 3) Supplier Power (low: I don't see any real supplier for Twitter) 4) Threat of substitute (low: SMS, MMS, Emails and so on) 5) Threat of new entrants (high: anyone with good computer knowledge can create a social network) Alternatives Here is a brief list on the alternatives I think Twitter should take into consideration 1. Sponsored/Promoted tweets, 2. Sales of analytic tools and services to advertisers, 3. Sales of information to other data-collecting companies Recommendations There are two recommendations that can generate revenue for twitter and will also cater the issues Twitter is facing.
Carmex: Leveraging Facebook for Market Research 1. Numerous advantages and disadvantages must be considered when collecting data through different sources. An online survey of a cross-section of Internet households is one way to accomplish this. By using this method, the opinions of many different people will be captured. Both users and nonusers of Carmex will potentially take the survey because Carmex will not know who they are sending the survey to.
The company was also able to advertise their product using various approaches such as emotional settings; this is where types of adverts catches the consumer feelings allowing them to be involved or allowing them to purchase a product based on emotions. Social media is another flexible advertisement because it is used based on the internet, where their consumers are able to browse anywhere to get information about the campaign. Also using social networks used by their consumers to promote the company’s
Case Study: Best Buy’s CEO on Learning to Love Social Media Question 1: Brian Dunn, CEO of Best Buy, is correct in his belief that social media is an important tool for companies to interact with their stakeholders. Social Media outlets like Facebook and Twitter are powerful tools in which companies should embrace in their effort to build relationships with their potential customers and employees. Currently 98% of Best Buy’s 18 to 24 year old customer base is actively using social media. Over 58% of Best Buy’s entire potential customer base uses a social network of one form or another (Social Networking Statistics). Companies, specifically companies that target individual consumers, cannot ignore this marketing channel, despite the risk associated.
Three years from now, do you think that Zazzle will have disappointed or dazzled its investors? Why? I think that Kleiner Perkins and Sherpalo Ventures investment in Zazzle was a good decision. These venture capitalists saw Zazzle as a significant breakthrough in e-commerce with the ability for mass customization. There was also a strong culture fit and shared vision between the entrepreneurs of Zazzle and the VCs, as the VCs are interested in break-through ideas in consumer internet services with the objective to guide and mentor entrepreneurs to take good ideas and technology and make them into successful businesses.