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Buyer Behavior
Session 7: Social Media and Consumer Behavior
Zeeshan Kingshuk Huq
Guest Faculty
zeeshan.huq@gmail.com
Why Web? Why the Digital Media?

Will they find you there?
§  Reporters and Editors use the Web to seek out
interesting stories, people, and companies.
§  The internet has made Public Relations ‘Public’ again!
§  The 160 characters have broken the barrier of grammar,
gender, geography, professions or religions
§  3G will change the way our users used to ‘watch’ media

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2/3/14/ZKH
Time Spent on Key Categories Online

3
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“

Nearly 1 in 5
minutes online
is spent on

Social Networks ”
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And Facebook LEADS the way …
§  3rd most-visited site
worldwide
§  55% Global
Penetration
§  3 in every 4 minutes
on social networking
sites are spent on
Facebook
§  1 in every 7 minutes
online is spent on
Facebook!
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Many Companies Make Great Use of Facebook
§  Airtel Buzz
§  Qubee
§  Ponds
§  Radio Foorti

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Fan Page is a Great Start, but …
Share of time spent on Facebook

25%

27%
Homepage
Profiles

10%
17%

21%

Photos
Apps/ Tools
All Other

… most Brand Exposures happen on the News Feed!
7
2/3/14/ZKH
The Generic Model of Consumer Behavior

Need
Recognition
and
Problem
Awareness

Information
Search

Evaluation
of
Alternatives

Actual
Purchase

Postpurchase
Evaluation

Form Opinion
and ‘Talk’!
8
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SOCIAL MEDIA
STRATEGY & TIPS
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Be mindful about online reviews
§  Up to 85% of your buyers read online reviews before
making a purchase
  Not only from shopping or brand’s website
  But also – in fact more – from Social Media
  Informal,

un-structured, often emotion-driven

§  You need to establish, maintain and nurture solid
“Online Reputation”
§  Listen to their queries and feedback
  Answering

them swiftly and comprehensively à earn the

trust
  Positive reviews = increased sales
  Sometimes you have ‘generate’ reviews
10
2/3/14/ZKH
When it is broke – admit it, listen to it
§  Truth eventually comes out as the winner
§  The (social) media is truly ‘public’
  You

can’t hide
  You can’t get away

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Be Creative with your voice
§  Brand vis-à-vis the tone of voice
§  Defining the tone of voice will define the trust on you/
your products
§  ‘Spin’ around the ‘pitch’ – write according to the website
and yet keep the brand relevance
§  What works:
  Attractive

Formatting
  Simple, easy-to-read texts
  Eye appeal

12
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Professional Guidance
§  Online reputation consultants
  Remove negative links
  Ensure regular, pan-industry

positive feedback

§  They run Social Media Polls, Customer Surveys, etc
§  They identify ‘partner’ pages / sites
  What

are the key problems with the consumers à need a
holistic picture
  Usually from a 3rd party – so that responses and solutions
could be tailored accordingly

13
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Know the Goals and Let Content Drive Action
§  Clearly defined business goal
  Sell products / brands
  Generate contributions
  Get people to join / vote
  Grow positive references

§  Frequently we tend to set Marketing / PR goals, which in
most cases would not be right
  Not
  Not
  Not

Press Clips / Column-inches
Minutes of TV Coverage
number of ‘likes’

§  You ‘stir up a conversation’ and then let it flow
§  Contribute necessary contents where it is needed
14
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Keep Your Eyes and Ears Open
§  MONITOR the Web!
  Check for key words à e.g. Google Alerts
  If you want to go deeper: Text Mining
  But

usual works can start from basic searching

-  Google à fastest, easiest, but may have dispersed findings
-  Technorati à specialized towards blogs

BUT …
15
2/3/14/ZKH
“

You will be a fool if
you think that
all quotes on web
are true ”	
– Abraham Lincoln
16
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Take-away

MAXIMIZE USE OF SOCIAL
MEDIA … CONSCIOUSLY
17
2/3/14/ZKH

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20131125 buyer behavior iba mba48 d
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20131125 buyer behavior iba mba48 d
 
20131125 buyer behavior iba mba48 d
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20140128 buyer behavior iba mba48 d

  • 1. Buyer Behavior Session 7: Social Media and Consumer Behavior Zeeshan Kingshuk Huq Guest Faculty zeeshan.huq@gmail.com
  • 2. Why Web? Why the Digital Media? Will they find you there? §  Reporters and Editors use the Web to seek out interesting stories, people, and companies. §  The internet has made Public Relations ‘Public’ again! §  The 160 characters have broken the barrier of grammar, gender, geography, professions or religions §  3G will change the way our users used to ‘watch’ media 2 2/3/14/ZKH
  • 3. Time Spent on Key Categories Online 3 2/3/14/ZKH
  • 4. “ Nearly 1 in 5 minutes online is spent on Social Networks ” 4 2/3/14/ZKH
  • 5. And Facebook LEADS the way … §  3rd most-visited site worldwide §  55% Global Penetration §  3 in every 4 minutes on social networking sites are spent on Facebook §  1 in every 7 minutes online is spent on Facebook! 5 2/3/14/ZKH
  • 6. Many Companies Make Great Use of Facebook §  Airtel Buzz §  Qubee §  Ponds §  Radio Foorti 6 2/3/14/ZKH
  • 7. Fan Page is a Great Start, but … Share of time spent on Facebook 25% 27% Homepage Profiles 10% 17% 21% Photos Apps/ Tools All Other … most Brand Exposures happen on the News Feed! 7 2/3/14/ZKH
  • 8. The Generic Model of Consumer Behavior Need Recognition and Problem Awareness Information Search Evaluation of Alternatives Actual Purchase Postpurchase Evaluation Form Opinion and ‘Talk’! 8 2/3/14/ZKH
  • 9. SOCIAL MEDIA STRATEGY & TIPS 9 2/3/14/ZKH
  • 10. Be mindful about online reviews §  Up to 85% of your buyers read online reviews before making a purchase   Not only from shopping or brand’s website   But also – in fact more – from Social Media   Informal, un-structured, often emotion-driven §  You need to establish, maintain and nurture solid “Online Reputation” §  Listen to their queries and feedback   Answering them swiftly and comprehensively à earn the trust   Positive reviews = increased sales   Sometimes you have ‘generate’ reviews 10 2/3/14/ZKH
  • 11. When it is broke – admit it, listen to it §  Truth eventually comes out as the winner §  The (social) media is truly ‘public’   You can’t hide   You can’t get away 11 2/3/14/ZKH
  • 12. Be Creative with your voice §  Brand vis-à-vis the tone of voice §  Defining the tone of voice will define the trust on you/ your products §  ‘Spin’ around the ‘pitch’ – write according to the website and yet keep the brand relevance §  What works:   Attractive Formatting   Simple, easy-to-read texts   Eye appeal 12 2/3/14/ZKH
  • 13. Professional Guidance §  Online reputation consultants   Remove negative links   Ensure regular, pan-industry positive feedback §  They run Social Media Polls, Customer Surveys, etc §  They identify ‘partner’ pages / sites   What are the key problems with the consumers à need a holistic picture   Usually from a 3rd party – so that responses and solutions could be tailored accordingly 13 2/3/14/ZKH
  • 14. Know the Goals and Let Content Drive Action §  Clearly defined business goal   Sell products / brands   Generate contributions   Get people to join / vote   Grow positive references §  Frequently we tend to set Marketing / PR goals, which in most cases would not be right   Not   Not   Not Press Clips / Column-inches Minutes of TV Coverage number of ‘likes’ §  You ‘stir up a conversation’ and then let it flow §  Contribute necessary contents where it is needed 14 2/3/14/ZKH
  • 15. Keep Your Eyes and Ears Open §  MONITOR the Web!   Check for key words à e.g. Google Alerts   If you want to go deeper: Text Mining   But usual works can start from basic searching -  Google à fastest, easiest, but may have dispersed findings -  Technorati à specialized towards blogs BUT … 15 2/3/14/ZKH
  • 16. “ You will be a fool if you think that all quotes on web are true ” – Abraham Lincoln 16 2/3/14/ZKH
  • 17. Take-away MAXIMIZE USE OF SOCIAL MEDIA … CONSCIOUSLY 17 2/3/14/ZKH