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Mona Petersen                                           Social Media in Marketing                    1 (3)
Student code: 1101808
HAAGA-HELIA University of Applied Sciences              15/09/2011


Social Media in Marketing - Assignment 2

What is social media and what kind of elements does it include?
                         When explaining what social media is, one can best split the word first in its
                         two components: social and media.

                           Social is considered to be a characteristic of human beings or animals. Being
                           social means living together with other human beings or communicating, ei-
                           ther in a voluntary or involuntary way. People have the need to share their
                           opinions with other people. There always has to be an interaction between
                           two people to call something social. The term social is also matter of status in
                           the human society. The social status a person has in dependent on for example
                           ones income. So social has always something to do with a relationship to other
                           people; it is a two way process.

                           Media is a communication instrument, like the TV, the newspaper, the radio
                           and more. Through media news and facts are communicated, like the current
                           political situation, the weather and happenings on national and international
                           level. In comparison to the term social, the term media is always a one way
                           process. One can listen to the social media and get all the information, but one
                           cannot respond to it or discuss about it with the sender of the information.
                           Even though media is a one way communication process, it can influence
                           people in the same way as social can.

                           The term social media describes all the webpages one can find in the internet,
                           on which people can communicate with each other. They can exchange news
                           and facts on these webpages and social media is considered to be a two way
                           process. With social media a massive amount of people can collaborate and
                           share information. Social media tools are webpages like Facebook, Twitter or
                           even Skype.

What are the main advantages and disadvantages in using social media in marketing?
                        Marketing is about creating and communicating information to the wide audi-
                        ence. It is about getting to know the exact target group a certain product
                        should be communicated to and about having knowledge about the compa-
                        ny’s competitors.

                           Social media in marketing is a part of internet marketing and is used to reach a
                           wider audience. Nowadays nearly all of the people are active in social media.
                           The use of Facebook for example increased immensely in the last years. Hav-
                           ing this knowledge, companies can use the social media to reach people from
                           all over the world and people with different age groups at the same time. This
                           makes it a lot easier for companies to promote their products, get feedback
                           about products and stay in touch with customers. Companies can expand their
                           network and keep their business growing. Also for the people using social me-
                           dia this is an advantage, because they can stay informed about their beloved
                           ones or new products. Using social media in marketing also makes it cheaper
                           for the companies to reach potential customers. To sign in on different places
                           in social media is cost free for both, customer and the company. When com-
                           panies are active on different tools in social media, their visibility in the inter-
                           net grows and people can become more aware of the company.
                           Disadvantages of social media might be the fact that still not everybody is in-
                           volved in social media, even though the numbers steadily increase. Especially
Mona Petersen                                          Social Media in Marketing                  2 (3)
Student code: 1101808
HAAGA-HELIA University of Applied Sciences             15/09/2011


                           elderly people mostly do not have computer access or do not have interest in
                           social media. This target group is hard to reach through social media and the
                           companies have to come back to their old marketing tools, which mostly are
                           more expensive. Companies using social media in marketing also have to be
                           aware that the wrong online promotion and strategy can destroy their image
                           and have negative effect on their customers. Companies also should not un-
                           derestimate the amount of time with updating social media pages.

What are the main principles in social media use in marketing?
                         The trends in social media marketing have changed so rapidly in the last years
                         and are still subject to change that companies have to be aware that the strate-
                         gies that they used last year may not be effective anymore this year.

                           The principles in social media use in marketing are the key elements compa-
                           nies have to keep in mind to avoid missing out of changing trends.

                           One principle is to share the information. News should be published and
                           promoted effectively and also in time. So when promotion an event or prod-
                           uct it does not make sense to promote it the day after the event or the new
                           product has been released.

                           Social media is not about selling things to the customer, but about informing
                           customers. It is about entertaining people and giving hints about upcoming
                           events or new products.

                           With social media information gets shared all the time, “24/7”. The customer
                           can access their social media accounts when and wherever they want. In this
                           way there is no limit in sharing information. Also the fact that the information
                           is for free has many advantages for the customer and is taken thankfully.

                           One of the most important things in social media is to listen. The customer
                           will tell you what he/she wants and expects of a product or event or anything
                           else. If you listen effectively you get all the information you need to succeed.
                           So the publisher has to engage the customer to communicate his/her thoughts
                           and to evaluate.

Bobliography               http://webtrends.about.com/od/web20/a/social-media.htm
                           http://www.thefreedictionary.com/social
                           http://dictionary.reference.com/browse/social
                           http://www.wordreference.com/definition/social
                           http://blogs.gartner.com/anthony_bradley/2010/01/07/a-new-definition-of-
                           social-media/
                           http://webtrends.about.com/od/web20/a/social-media.htm
                           http://dictionary.reference.com/browse/media

                           http://www.webpronews.com/the-definition-of-social-media-2007-06
                           http://www.jeffbullas.com/2010/11/17/12-principles-of-social-media-
                           marketing/
                           http://www.jasonfpeck.com/2009/04/02/6-principles-of-social-media-
                           marketing/
                           http://www.marketingpower.com/AboutAMA/Pages/DefinitionofMarketing
                           .aspx
                           http://www.internetworldstats.com/facebook.htm
Mona Petersen                                    Social Media in Marketing               3 (3)
Student code: 1101808
HAAGA-HELIA University of Applied Sciences       15/09/2011


                       http://www.insidefacebook.com/wp-content/uploads/2009/07/facebook-
                       user-growth-250-million.png
                       http://www.insidefacebook.com/2010/01/04/december-data-on-
                       facebook%E2%80%99s-us-growth-by-age-and-gender-beyond-100-million/

                       http://toprankedwebsite.com.au/5-benefits-of-social-media-marketing
                       http://blog.thoughtpick.com/2010/11/10-must-know-advantages-
                       disadvantages-of-social-media.html

.

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Assignments 2 social media in marketing

  • 1. Mona Petersen Social Media in Marketing 1 (3) Student code: 1101808 HAAGA-HELIA University of Applied Sciences 15/09/2011 Social Media in Marketing - Assignment 2 What is social media and what kind of elements does it include? When explaining what social media is, one can best split the word first in its two components: social and media. Social is considered to be a characteristic of human beings or animals. Being social means living together with other human beings or communicating, ei- ther in a voluntary or involuntary way. People have the need to share their opinions with other people. There always has to be an interaction between two people to call something social. The term social is also matter of status in the human society. The social status a person has in dependent on for example ones income. So social has always something to do with a relationship to other people; it is a two way process. Media is a communication instrument, like the TV, the newspaper, the radio and more. Through media news and facts are communicated, like the current political situation, the weather and happenings on national and international level. In comparison to the term social, the term media is always a one way process. One can listen to the social media and get all the information, but one cannot respond to it or discuss about it with the sender of the information. Even though media is a one way communication process, it can influence people in the same way as social can. The term social media describes all the webpages one can find in the internet, on which people can communicate with each other. They can exchange news and facts on these webpages and social media is considered to be a two way process. With social media a massive amount of people can collaborate and share information. Social media tools are webpages like Facebook, Twitter or even Skype. What are the main advantages and disadvantages in using social media in marketing? Marketing is about creating and communicating information to the wide audi- ence. It is about getting to know the exact target group a certain product should be communicated to and about having knowledge about the compa- ny’s competitors. Social media in marketing is a part of internet marketing and is used to reach a wider audience. Nowadays nearly all of the people are active in social media. The use of Facebook for example increased immensely in the last years. Hav- ing this knowledge, companies can use the social media to reach people from all over the world and people with different age groups at the same time. This makes it a lot easier for companies to promote their products, get feedback about products and stay in touch with customers. Companies can expand their network and keep their business growing. Also for the people using social me- dia this is an advantage, because they can stay informed about their beloved ones or new products. Using social media in marketing also makes it cheaper for the companies to reach potential customers. To sign in on different places in social media is cost free for both, customer and the company. When com- panies are active on different tools in social media, their visibility in the inter- net grows and people can become more aware of the company. Disadvantages of social media might be the fact that still not everybody is in- volved in social media, even though the numbers steadily increase. Especially
  • 2. Mona Petersen Social Media in Marketing 2 (3) Student code: 1101808 HAAGA-HELIA University of Applied Sciences 15/09/2011 elderly people mostly do not have computer access or do not have interest in social media. This target group is hard to reach through social media and the companies have to come back to their old marketing tools, which mostly are more expensive. Companies using social media in marketing also have to be aware that the wrong online promotion and strategy can destroy their image and have negative effect on their customers. Companies also should not un- derestimate the amount of time with updating social media pages. What are the main principles in social media use in marketing? The trends in social media marketing have changed so rapidly in the last years and are still subject to change that companies have to be aware that the strate- gies that they used last year may not be effective anymore this year. The principles in social media use in marketing are the key elements compa- nies have to keep in mind to avoid missing out of changing trends. One principle is to share the information. News should be published and promoted effectively and also in time. So when promotion an event or prod- uct it does not make sense to promote it the day after the event or the new product has been released. Social media is not about selling things to the customer, but about informing customers. It is about entertaining people and giving hints about upcoming events or new products. With social media information gets shared all the time, “24/7”. The customer can access their social media accounts when and wherever they want. In this way there is no limit in sharing information. Also the fact that the information is for free has many advantages for the customer and is taken thankfully. One of the most important things in social media is to listen. The customer will tell you what he/she wants and expects of a product or event or anything else. If you listen effectively you get all the information you need to succeed. So the publisher has to engage the customer to communicate his/her thoughts and to evaluate. Bobliography http://webtrends.about.com/od/web20/a/social-media.htm http://www.thefreedictionary.com/social http://dictionary.reference.com/browse/social http://www.wordreference.com/definition/social http://blogs.gartner.com/anthony_bradley/2010/01/07/a-new-definition-of- social-media/ http://webtrends.about.com/od/web20/a/social-media.htm http://dictionary.reference.com/browse/media http://www.webpronews.com/the-definition-of-social-media-2007-06 http://www.jeffbullas.com/2010/11/17/12-principles-of-social-media- marketing/ http://www.jasonfpeck.com/2009/04/02/6-principles-of-social-media- marketing/ http://www.marketingpower.com/AboutAMA/Pages/DefinitionofMarketing .aspx http://www.internetworldstats.com/facebook.htm
  • 3. Mona Petersen Social Media in Marketing 3 (3) Student code: 1101808 HAAGA-HELIA University of Applied Sciences 15/09/2011 http://www.insidefacebook.com/wp-content/uploads/2009/07/facebook- user-growth-250-million.png http://www.insidefacebook.com/2010/01/04/december-data-on- facebook%E2%80%99s-us-growth-by-age-and-gender-beyond-100-million/ http://toprankedwebsite.com.au/5-benefits-of-social-media-marketing http://blog.thoughtpick.com/2010/11/10-must-know-advantages- disadvantages-of-social-media.html .