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Social Media Marketing Laura Carrigan and Alanna Swarup Defined: process of promoting a product, business, or another website through social media channels in an interactive way Why? High traffic, mass-concentrated audience Targets the lucrative youth market big online spenders Build client relationships & improve customer satisfaction Low Cost – High Return – Recession-proof Why Not? Conservative customers and management Controversy and privacy issues can lead to lawsuits Viral reactions – no guaranteed results Not suitable for all industries YouTube Website where users can upload, view, and share video clips Companies post television advertisements, viral feeds, video blogs In an ABSOLUT world . – www.youtube.com/watch?v=EnmZhfZu9DM Facebook Applications – PUMA – Chasing Bolt ● http://apps.new.facebook.com/chasing_bolt/campaign_member ships/home – Acuvue – Wink ● http://www.new.facebook.com/apps/application.php?id=43 06469171 “Become a Fan Of .” – PINK Victoria Secret ● http://www.new.facebook.com/vspink?ref=ts Twitter Enables users to send and read other users updates Microblogging: text based posts up to 140 characters in length – Where are you? – What are you doing today? Oscar Mayer – Weiner Mobile – http://twitter.com/wienermobile Jamie Oliver – http://twitter.com/jamie_oliver Blogging Personal, online diary Ability to leave comments makes it interactive Companies can give themselves a “personality” Clorox’s Dr. Laundry – http://www.drlaundryblog.com/ Second Life A free client program enables users, called residents, to interact with each other through avatars Use virtual currency – the Linden dollar – to buy, sell, rent or trade land and goods Actual companies are represented in this virtual world – Coca-Cola, GM, Mattel – http://secondlife.com/ Creative Companies Starbucks Ideas – http://mystarbucksidea.force.com/ideaHome Nike’s Believe in the Run – http://nikeplus.nike.com/nikeplus/?locale=en_us . Social Media Marketing Laura Carrigan and Alanna Swarup Defined: process of promoting a product, business, or another website through social media