In this era of technology, marketers have resorted to social
media marketing in order to tap the market online. Social media marketing is a
form of marketing through which companies use social networking platforms to
perform their marketing functions. Although social media marketing seems as an
advancement of internet marketing, the dynamics are quite different in terms of
capturing specific markets. This form of marketing allows a company to connect
directly with their target audience as compared to other forms of internet
marketing such as email marketing. In addition, a product or service provider
can raise their brand awareness through social media marketing. Other than
raising the brand awareness and connecting with new customers, social media
marketing also allows firms to create an active community around their
business. The creation of such a community enables a company to interact with
customers and receive feedback. Through social media marketing, the firm can
reduce its marketing research costs. Firms that use this form of marketing
conduct surveys by posting questionnaires on the social media platforms. This
reduced the costs, which would be used in conducting the market surveys
physically.
Furthermore, the firm can receive feedback at a faster rate
than through conducting the physical surveys. A firm may decide to perform the
social media marketing services by itself. This entails hiring a social media
expert who understands how to perform marketing operations through social
networks. Alternatively, a firm may decide to outsource the social media
marketing services to a social media consultant. However, the functions performed
by either of these service providers are similar in terms of marketing
services. Hiring a social media expert to perform these functions is beneficial
to the firm because he/she will understand the products and services offered by
a firm thus will be in a better position to market. These functions include;
1. Developing a social media marketing strategy- this
determines the services and products that the firm will market through social
media. It also involves outlining the target markets and the existing
opportunities.
2. Creating implementation guidelines-, it enables the firm
to understand the social media landscape. It also helps a firm to understand
how it can maintain the integrity of its brands.
3. Software recommendations- this applies for the internal
social media-marketing assistant. This involves identifying tools, which will
help in search engine optimization.
4. Social profile development- this involves determining the
social networks where the firm should join.
5. Social media audit- this is a continuous process, which
is conducted by the firm and social media marketer to determine the firm's
presence on social networking sites. These are the key functions that a firm
should perform as it joins social media for marketing purposes. It is important
for a firm to understand that social media marketing is an avenue for marketing
products and services in a similar manner to other forms of marketing. However,
the most importantly, a firm must maintain high online presence in order to
capture its target markets. Creativity will enable a firm to capture and retain
new customers through social media marketing.
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