1. Executive Summary
2. Why I Chose This Topic?
Undeniably, social media is taking up a more significant portion of a person's life than before. Americans alone spend up to 23 hours a week online, this includes reading of emails, being involved on their social media plat forms as well as various communication platforms made available to us today (Mielach, 2013). Hence, with the increase in amount of time people spend online, it is naturally that businesses want to jump onto the band wagon and make use of social media to boost sales. Whether it is through increasing the awareness of a brand or product to simply maintaining a close and friendly clientele relationship with consumers, social media has got these businesses covered. It is hence of utmost interest to me to explore how the technology of social media can affect both businesses and consumers socially, economically and politically.
Undeniably, social media is taking up a more significant portion of a person's life than before. Americans alone spend up to 23 hours a week online, this includes reading of emails, being involved on their social media plat forms as well as various communication platforms made available to us today (Mielach, 2013). Hence, with the increase in amount of time people spend online, it is naturally that businesses want to jump onto the band wagon and make use of social media to boost sales. Whether it is through increasing the awareness of a brand or product to simply maintaining a close and friendly clientele relationship with consumers, social media has got these businesses covered. It is hence of utmost interest to me to explore how the technology of social media can affect both businesses and consumers socially, economically and politically.
3. Background
- What is social media marketing?
- Technology used in social mediate marketing
- How did social media marketing come about
4. Historical Perspective
4.1 Time line of how marketing has evolved into today's social media marketing
4.2 Why is there a trend towards social media marketing? / What made previous marketing methods not as attractive anymore?
4.2 Why is there a trend towards social media marketing? / What made previous marketing methods not as attractive anymore?
5. Current Situation
Types of social media marketing & the technology behind each:
5.1 Using a netizen's cookie information to strategically place advertisements related to his interest
5.2 'Share This' widget / 'Like and Share' methods
5.3 Online persona for businesses (eg. Facebook/Twitter pages rather than their official websites)
5.4 Engagement of celebrities/bloggers to endorse company's products/brand online
- Number of followers do matter (eg. A blogger with a six hundred thousand follower count will garner more sales than someone with only two thousand followers)
- Blogs: Sponsorship of a product/service and the recipient to blog a review/advertorial (can be in the form of a video)
- Instagram/Twitter: A picture/tweet that show cases the celebrity/blogger with the product/patronising the service
Types of social media marketing & the technology behind each:
5.1 Using a netizen's cookie information to strategically place advertisements related to his interest
5.2 'Share This' widget / 'Like and Share' methods
5.3 Online persona for businesses (eg. Facebook/Twitter pages rather than their official websites)
5.4 Engagement of celebrities/bloggers to endorse company's products/brand online
- Number of followers do matter (eg. A blogger with a six hundred thousand follower count will garner more sales than someone with only two thousand followers)
- Blogs: Sponsorship of a product/service and the recipient to blog a review/advertorial (can be in the form of a video)
- Instagram/Twitter: A picture/tweet that show cases the celebrity/blogger with the product/patronising the service
6. Future Consideration (To be completed upon further research)
6.1 Advantages of social media marketing:
6.1.1 Economic:
- New marketing strategies that are low in cost à More business opportunities since social media marketing is now available
6.1.2. Social:
- Opportunities for social media managing companies to emerge (eg. Nuffnang, Churp Churp, Gleam Digital)
- Universities preparing the undergraduates in this field of social media marketing (eg. National University of Singapore Faculty of Arts and Social Science module: Communication and New Media)
6.1.3. Political
6.2 Challenges/Obstacles that may emerge:
6.2.1 Economic
- The sunset industry of the print media
6.2.2 Social
- Privacy issues on tracking of cookies/Internet browsing history
6.2.3 Political
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6.1 Advantages of social media marketing:
6.1.1 Economic:
- New marketing strategies that are low in cost à More business opportunities since social media marketing is now available
6.1.2. Social:
- Opportunities for social media managing companies to emerge (eg. Nuffnang, Churp Churp, Gleam Digital)
- Universities preparing the undergraduates in this field of social media marketing (eg. National University of Singapore Faculty of Arts and Social Science module: Communication and New Media)
6.1.3. Political
6.2 Challenges/Obstacles that may emerge:
6.2.1 Economic
- The sunset industry of the print media
6.2.2 Social
- Privacy issues on tracking of cookies/Internet browsing history
6.2.3 Political
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7. Conclusion
8. References
- Mielach, David (2013). Americans Spend 23 Hours Per Week Online, Texting. Retrieved from http://www.businessnewsdaily.com/4718-weekly-online-social-media-time.html

