| Topic : Social media marketing |
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Social Networking Experts |
Mudra Institute of Communications, Ahmedabad (MICA) |
MARKETING SCIENCE
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Source : http://marketing.about.com
Activity:
6 comments
280 views
last activity : 07 06 2010 20:18:04 +0000
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Most of us are a part of some social network or the other. Social networking has revolutionized the way we communicate and share information with one another in today's society.
A marketer is absolutely myopic if he does not see the the wide opportunity of marketing which lies in social networks.Now social networking has become very crucial and important to businesses.
" YOUR BUSINESS PROSPECTS COULD BE JUST A MOUSE CLICK AWAY"
These networks allow you to locate business opportunities as well as find companies that may be able to serve your business-to-business needs.
What a marketer wants?
The needs of the customer ? That too directly from them ? Social networks give this advantage to marketers.Marketers can find the right set of people with whom the product/ service is to identified with, through a social network.
Various social networking communities such as Myspace, linkedin, facebook, VisiblePath, SoFlow, Orkut gives marketers different segments of people to focus on.
For example,
LinkedIn has become my favorite online social network for business purposes. It's easy to view profiles, get connected, and even recruit potential new hires. There is also a recommendation feature that allows you to see what others say about an individual.
Similarly, SoFLow , Prestigious, cream of the crop professionals. Great features, fantastic focus groups, and awesome business networking opportunities. This network launched in July 2004 with great buzz, but seem to have lost the excitement since then.
Element of interaction
A marketer can interact through a social network with
Customers and Consumers: People who will benefit from what you do, consume or buy your products or services, and rave about you to their friends.
Others Within Your Industry: People with whom you can network, share resources and cross-promote with.
Media and Publishers: People who work for, or can influence, publications you would like to be mentioned in (e-zines, newspapers, Websites, etc).
Consultants: People who may want to hire or purchase products from you.
Event, Company or Organization representatives: People who operate businesses and associations that support your industry.
Will marketers take total advantage of the wide opportunities in social networks?

- Create a confidential Career Profile and Resume/C.V. online
- Get advice for planning their career and for marketing of experience and skills
- Maximize awareness of and access to the best career opportunities
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i agree with raghavan with this point that there is no point in going for fancy or elegant names, that one even finds difficult to read it, and if that happens there will be no takers for that brand, so one has to go with the consumers likes for the... |
If there are amny competitors in the market then the amount spend on product visibility should be high. |
Will re-branding help companies to increase their revenue? |