+
Social Media
Teddy Lord and Liz Leinbach
+
What is Social Media?
“Social media is the collective of online
communications channels dedicated to
community-based
input, interaction, content-sharing and
collaboration.”
+
Every Minute of the Day:
+
Types of Social Media
 Forums
 Micro Blogging
 Social Networking
 Social Curating
+
Consumer Data
+
Trends in Social Media Marketing
Making the switch from traditional to social
media
 “According to a survey of 468 U.S.-based chief
marketing executives… social media’s share of
marketing budgets, about 8.4% percent of the
total spend now, is expected to rise to 11.5% in
the next year and grow steadily to about 21.6%
over the next five years.”- WWD
 “Prediction of a 2.7% drop in traditional
advertising over the next year”-WWD
+
Social Media In Fashion Marketing
Goal of social media: interact not broadcast
 Engagement is KEY
Fashion and Social Media go hand in hand
 Reversal of roles in dictating trends
+
 Type: Social Networking
 A social networking service site
 Launched in February 2004
 Now boasts over 1 billion users
+
& Fashion
 Fashion companies and brands can launch several different
types of ads
 Able to customize the demographic that their ads reach
 They create their own Facebook pages to promote products
and styles
+
 Advertised a new line of "natural luxe" makeup in 2011
 Urged viewers to go to their Facebook page
 The line was very successful and their page became much
more popular
&
+
&
 Integrated Facebook ads into its
market strategy
 Offered free samples through
their own page
 Saw instant results
 Gave away 25,000 samples in 3
days
+
 Type: Social Curating
 “Humans process visual information much faster than
we process text.”-WSJ
+
 “The best thing on the business side about Pinterest is
that it makes it so easy for brands to humanize their
companies.”
+
 Type: Micro Blogging
 A real-time interconnected information network
 Launched in July 2006
 Now boasts over 500 million users
+
& Fashion
 Fashion companies, designers and brands are able to be
“followed”
 They tweet announcements and things relevant to their
marketing strategies
 Offers the most “instant” form of marketing
 “Customers can feel like they are part of the brand’s extended
family, and therefore the brand itself, while the interactive
element further deepens that relationship” -Alex Bolen, chief executive officer
of Oscar de la Renta.
+
& Charlotte Ronson
 Fashion designer based in NYC that uses Twitter
 Successful in gaining attention and new customers
 10% of traffic on her retail site originates on Twitter
 93% are new visitors
+
 Type: Visual Social Networking
 Brands can create personal
profiles and upload photos of
products or ones that relate to
their brand image
+
Luxury brands including
Gucci, Burberry, and
Tiffany& Co. are widespread
on Instagram
+
&
 In 2012, Levi launched a Instagram
campaign to cast their next models
for their new September Ads
 #IAMLEVIS
“The new Levi’s collection was designed
with you in mind. And we would like you
to represent it”
+
Pros of Social Media
 Large reach
 High frequency
 Immediacy
 Cheap
 Measurable feedback
 Creating transparency
+
The Cons
 Too focused on “immediacy”
 Can lead to some marketing
disasters that are in plain view of
the public
 Some companies can over-do it
and become overbearing
 Lack of feedback control
+
& Social Media
 “The viral marketing capabilities of re-
tweeting by a targeted group is
something an advertising budget
cannot buy.”- reps of DvF
 In 2010, DvF pushed for a greater
social media presence
 On Twitter and FB
 DvF the Blog
 Results: Online traffic to their
home site increased 13% along
with sales
+
& Social Media
 Creating a “Buzz”
 YoutTube page has categories including
 H&M Conscious
 H&M Life- Fashion Inspiration
 David Beckham Bodywear for H&M
 H&M Fashion Events
 H&M Campagins
 H&M Guest Designers Collaborations
+
What’s Next for Social Media??
F-Commerce
 It can be defined as any sale that takes place on Facebook with
the help of applications on Facebook business pages
 Great way for fashion companies to increase sales
 IF they execute it correctly
 Only 26% of consumers think Facebook storefronts are secure
against fraud
 Analysts say F-Commerce will become a $30 billion industry by
2015
+
F- Commerce
+
What’s Next??? Social Care
 Customer service through social media
 “Today’s customers choose when and where they voice their
questions, issues and complaints. They don’t care if a company
is set up to answer customer questions on Facebook, or if it
has an actual Twitter handle for customer service.”- Gadi BenMark,
VP of NM Incite’s Advisory division
+
+
Bibliography
 Young, Vicki. "Coach Reaches New Audiences Through Social Media." Women's Wear Daily. N.p., 14 Feb. 2013. Web.
21 Mar. 2013. <http://www.wwd.com/media-news/digital/coach-reaches-new-audiences-through-social-media-6752622>.
 Rouse, Margaret. "Personal Computing Glossary: Social Media." Whatis.com. N.p., n.d. Web. 24 Mar. 2013.
<http://whatis.techtarget.com/definition/social-media>.
 Strugatz, Rachel. "Social Media's Impact on Spring." Women's Wear Daily. N.p., 12 Nov. 2012. Web. 21 Mar. 2013.
<http://www.wwd.com/accessories-news/footwear/social-medias-impact-on-spring-6480704>.
 Naughton, Julie. "FIT Panels Discuss Evolving Digital Landscape." Women's Wear Daily. N.p., 7 Mar. 2013. Web. 21 Mar.
2013. <http://www.wwd.com/beauty-industry-news/fragrance/fit-panels-discuss-evolving-digital-landscape-6835928>.
 Carr, Kelby. "Top Five Pinterest Business Etiquette Mistakes Brands Make." Fourth Source. N.p., 20 Mar. 2013. Web. 22
Mar. 2013. <http://www.fourthsource.com/social-media/top-five-pinterest-business-etiquette-mistakes-brands-make-
13547>.
 Karr, Arnold J. "Social Media Set to Quicken Marketing Pace." Women's Wear Daily, 27 Feb. 2013. Web. 21 Mar. 2013.
<http://www.wwd.com/retail-news/trends-analysis/social-media-set-to-quicken-marketing-pace-6807746>.
 Prabhakar, Hitha. "How the Fashion Industry is Embracing Social Media." Mashable. N.p., 13 Feb. 2012. Web. 24 Mar.
2013. <http://mashable.com/2010/02/13/fashion-industry-social-media/>.
 Bacon, Jason. "Impact of Social Media on Marketing Industry." Fourth Source. N.p., 23 Aug. 2011. Web. 22 Mar. 2013.
<http://www.fourthsource.com/social-media/impact-of-social-media-on-marketing-industry-3515>.
 Lockwood, Lisa. "Consumers Turn to Social Media for Customer Service." Women's Wear Daily. N.p., 26 Oct. 2012. Web.
21 Mar. 2013. <http://www.wwd.com/media-news/digital/consumers-turn-to-social-media-for-customer-service-6455590
>.

Social media presentation

  • 1.
    + Social Media Teddy Lordand Liz Leinbach
  • 2.
    + What is SocialMedia? “Social media is the collective of online communications channels dedicated to community-based input, interaction, content-sharing and collaboration.”
  • 3.
  • 4.
    + Types of SocialMedia  Forums  Micro Blogging  Social Networking  Social Curating
  • 5.
  • 6.
    + Trends in SocialMedia Marketing Making the switch from traditional to social media  “According to a survey of 468 U.S.-based chief marketing executives… social media’s share of marketing budgets, about 8.4% percent of the total spend now, is expected to rise to 11.5% in the next year and grow steadily to about 21.6% over the next five years.”- WWD  “Prediction of a 2.7% drop in traditional advertising over the next year”-WWD
  • 7.
    + Social Media InFashion Marketing Goal of social media: interact not broadcast  Engagement is KEY Fashion and Social Media go hand in hand  Reversal of roles in dictating trends
  • 8.
    +  Type: SocialNetworking  A social networking service site  Launched in February 2004  Now boasts over 1 billion users
  • 9.
    + & Fashion  Fashioncompanies and brands can launch several different types of ads  Able to customize the demographic that their ads reach  They create their own Facebook pages to promote products and styles
  • 10.
    +  Advertised anew line of "natural luxe" makeup in 2011  Urged viewers to go to their Facebook page  The line was very successful and their page became much more popular &
  • 11.
    + &  Integrated Facebookads into its market strategy  Offered free samples through their own page  Saw instant results  Gave away 25,000 samples in 3 days
  • 12.
    +  Type: SocialCurating  “Humans process visual information much faster than we process text.”-WSJ
  • 13.
    +  “The bestthing on the business side about Pinterest is that it makes it so easy for brands to humanize their companies.”
  • 14.
    +  Type: MicroBlogging  A real-time interconnected information network  Launched in July 2006  Now boasts over 500 million users
  • 15.
    + & Fashion  Fashioncompanies, designers and brands are able to be “followed”  They tweet announcements and things relevant to their marketing strategies  Offers the most “instant” form of marketing  “Customers can feel like they are part of the brand’s extended family, and therefore the brand itself, while the interactive element further deepens that relationship” -Alex Bolen, chief executive officer of Oscar de la Renta.
  • 16.
    + & Charlotte Ronson Fashion designer based in NYC that uses Twitter  Successful in gaining attention and new customers  10% of traffic on her retail site originates on Twitter  93% are new visitors
  • 17.
    +  Type: VisualSocial Networking  Brands can create personal profiles and upload photos of products or ones that relate to their brand image
  • 18.
    + Luxury brands including Gucci,Burberry, and Tiffany& Co. are widespread on Instagram
  • 19.
    + &  In 2012,Levi launched a Instagram campaign to cast their next models for their new September Ads  #IAMLEVIS “The new Levi’s collection was designed with you in mind. And we would like you to represent it”
  • 20.
    + Pros of SocialMedia  Large reach  High frequency  Immediacy  Cheap  Measurable feedback  Creating transparency
  • 21.
    + The Cons  Toofocused on “immediacy”  Can lead to some marketing disasters that are in plain view of the public  Some companies can over-do it and become overbearing  Lack of feedback control
  • 22.
    + & Social Media “The viral marketing capabilities of re- tweeting by a targeted group is something an advertising budget cannot buy.”- reps of DvF  In 2010, DvF pushed for a greater social media presence  On Twitter and FB  DvF the Blog  Results: Online traffic to their home site increased 13% along with sales
  • 23.
    + & Social Media Creating a “Buzz”  YoutTube page has categories including  H&M Conscious  H&M Life- Fashion Inspiration  David Beckham Bodywear for H&M  H&M Fashion Events  H&M Campagins  H&M Guest Designers Collaborations
  • 24.
    + What’s Next forSocial Media?? F-Commerce  It can be defined as any sale that takes place on Facebook with the help of applications on Facebook business pages  Great way for fashion companies to increase sales  IF they execute it correctly  Only 26% of consumers think Facebook storefronts are secure against fraud  Analysts say F-Commerce will become a $30 billion industry by 2015
  • 25.
  • 26.
    + What’s Next??? SocialCare  Customer service through social media  “Today’s customers choose when and where they voice their questions, issues and complaints. They don’t care if a company is set up to answer customer questions on Facebook, or if it has an actual Twitter handle for customer service.”- Gadi BenMark, VP of NM Incite’s Advisory division
  • 27.
  • 28.
    + Bibliography  Young, Vicki."Coach Reaches New Audiences Through Social Media." Women's Wear Daily. N.p., 14 Feb. 2013. Web. 21 Mar. 2013. <http://www.wwd.com/media-news/digital/coach-reaches-new-audiences-through-social-media-6752622>.  Rouse, Margaret. "Personal Computing Glossary: Social Media." Whatis.com. N.p., n.d. Web. 24 Mar. 2013. <http://whatis.techtarget.com/definition/social-media>.  Strugatz, Rachel. "Social Media's Impact on Spring." Women's Wear Daily. N.p., 12 Nov. 2012. Web. 21 Mar. 2013. <http://www.wwd.com/accessories-news/footwear/social-medias-impact-on-spring-6480704>.  Naughton, Julie. "FIT Panels Discuss Evolving Digital Landscape." Women's Wear Daily. N.p., 7 Mar. 2013. Web. 21 Mar. 2013. <http://www.wwd.com/beauty-industry-news/fragrance/fit-panels-discuss-evolving-digital-landscape-6835928>.  Carr, Kelby. "Top Five Pinterest Business Etiquette Mistakes Brands Make." Fourth Source. N.p., 20 Mar. 2013. Web. 22 Mar. 2013. <http://www.fourthsource.com/social-media/top-five-pinterest-business-etiquette-mistakes-brands-make- 13547>.  Karr, Arnold J. "Social Media Set to Quicken Marketing Pace." Women's Wear Daily, 27 Feb. 2013. Web. 21 Mar. 2013. <http://www.wwd.com/retail-news/trends-analysis/social-media-set-to-quicken-marketing-pace-6807746>.  Prabhakar, Hitha. "How the Fashion Industry is Embracing Social Media." Mashable. N.p., 13 Feb. 2012. Web. 24 Mar. 2013. <http://mashable.com/2010/02/13/fashion-industry-social-media/>.  Bacon, Jason. "Impact of Social Media on Marketing Industry." Fourth Source. N.p., 23 Aug. 2011. Web. 22 Mar. 2013. <http://www.fourthsource.com/social-media/impact-of-social-media-on-marketing-industry-3515>.  Lockwood, Lisa. "Consumers Turn to Social Media for Customer Service." Women's Wear Daily. N.p., 26 Oct. 2012. Web. 21 Mar. 2013. <http://www.wwd.com/media-news/digital/consumers-turn-to-social-media-for-customer-service-6455590 >.

Editor's Notes

  • #6 http://www.digitalbuzzblog.com/infographic-social-media-statistics-for-2013/
  • #7 Karr, Arnold J. &quot;Social Media Set to Quicken Marketing Pace.&quot; Women&apos;s Wear Daily, 27 Feb. 2013. Web. 21 Mar. 2013. &lt;http://www.wwd.com/retail-news/trends-analysis/social-media-set-to-quicken-marketing-pace-6807746&gt;.
  • #14 LINK
  • #18 Strugatz, Rachel. &quot;Social Media&apos;s Impact on Spring.&quot; Women&apos;s Wear Daily. N.p., 12 Nov. 2012. Web. 21 Mar. 2013. &lt;http://www.wwd.com/accessories-news/footwear/social-medias-impact-on-spring-6480704&gt;.
  • #27 Lockwood, Lisa. &quot;Consumers Turn to Social Media for Customer Service.&quot; Women&apos;s Wear Daily. N.p., 26 Oct. 2012. Web. 21 Mar. 2013. &lt;http://www.wwd.com/media-news/digital/consumers-turn-to-social-media-for-customer-service-6455590 &gt;.Edwards, Chas. &quot;People Like Images More Than Words In Branded Content.&quot; All Things D. Wall Street Journal, 22 Mar. 2013. Web. 24 Mar. 2013. &lt;http://allthingsd.com/20130322/smile-people-like-your-picture-more-than-your-words/?KEYWORDS=social+media&gt;.