Thursday, June 6, 2013

Social Networking Sites Analysis

Among some of the most popular sites like Facebook, Twitter, Wordpress, and Pinterest, businesses have created the most valuable advertising for their brand yet - word-of-mouth advertising.  Its ease of use, application to measure effectiveness, and ability to reach niche target markets are why they have become a successful and affordable source of advertising for many businesses.


Facebook has pioneered the domino like effect of social media with their use of likes and shares.  When a user “likes” something, it’s like saying they are validating the brand, product, or service.  This then is shared and liked by their friends, then their friends, and consequently creates a waterfall of liking and sharing across the web.  Facebook has incorporated promotions to generate more followers.  For instance, a restaurant can post a coupon for a free meal available for individuals that either like or share their page or post.  This increases the brands over-all follower base and target reach to consumers of all ages.  Since Facebook has become more of a communication hub for friends, family, and acquaintances, the reach for who sees likes and shares is insurmountable.  


Similar, Twitter is also a hub for liking, sharing, and re-tweeting of content.  Its purpose is much of the same as Facebook in the fact that it allows for liking and sharing of other people’s content.  It’s a bit different in the fact that you are only allowed to share 140 characters or less, however, has the same effect as Facebook in the fact that it allows consumers to like and share content that they approve of.  I personally use twitter because I find the “trending” topics to be interesting.  It’s fun to be able to find and talk to people from all over the world about live topics and events.  Last Sunday, while watching the American Music Awards, I was on Twitter following the tweets of celebrities and others related to the event.  For a business, the ability to become a “trending” topic can create a global word of mouth regarding your brand, which no other form of advertisement has the ability to do in such a quick amount of time.  For example, Radovan had a Rapid-Response Twitter Campaign in 2011.  On the brink of a historic snowstorm, social media was buzzing with news and updates about the weather.  The campaign engaged a virtual snowball fight that had more than 1,000 consumers changing their profile picture to a Rayovac-branded widget and hurling #snowballs at friends and family on global proportions.  Not only was the brand able to engage, it was shared, liked, and re-tweeted across the globe over a 48 hour period.


Sites like Wordpress have given businesses an affordable way to create websites for their companies.  Small businesses are now able to create content curation sites and links in relation to their product or services, further creating validity in their market.  Wordpress has enabled businesses to compete with larger corporations in being able to compete online as well as offline.
            

Pinterest is an online cork or pin board where users can create boards for subjects that they like.  This is kind of like content curation in pin board style.  It’s a way for businesses to create interest in a product or service by creating intriguing online images that are pinned and re-pinned by millions of users.  What’s so great about this is the “pin” widget that can be added to a user’s task bar.  From there businesses can easily “pin” items for their website, blog, etc.  Just like Twitter, and Facebook, the act of “pinning” is creating a word-of-mouth advertisement by sharing ideas from user to user.



            
One of the best ways to manage a brand’s social media sites is to invest in a social media management platform like HootSuite.  HootSuite is affordable software that allows users to sync content across all their social media sites by the use of calendars and scheduling.  Software like HootSuite is going to give businesses the best strategy in managing their content timing.

References 

Joe Plummer, S. R. (2007). The Online Advertising Playbook. Hoboken: John Wiley & Sons, Inc.

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