Social media
is a great way for marketers to build customer relationships in today’s modern
environment. Social media is a great way to make initial contact with
prospective customers and strengthen relationships with existing customers.
Connecting through social media can also help improve customer retention by
consistently providing marketing through the users daily social life. Some
social media sites marketers target are Facebook, Twitter, and LinkedIn.
Traditionally
marketers have taken a more quantitative approach to measure their business
operations matters. For example, businesses will measure the number of
followers on Twitter, number of “likes” on Facebook, and amount of traffic
driven to the websites. While these measures are
very useful in determining important information, it lacks the relationship
aspect qualitative measures can achieve. A large number of “likes” on your
Facebook page can give you a false belief that people like your company, when
in reality half those people might not even know what your company does. These limitations from quantitative metrics
can be fixed with qualitative measures of people’s attitudes and feelings
about the company. Some examples of qualitative measures include customer
satisfaction, brand awareness, and individual impact, observations of
behaviors, and targeting through interests.
For example,
if was targeting my group project persona for Nordstrom’s, I would ask the
person to follow and like my Facebook page, send out reminders for new
collections and sales, and ask for feedback on these new items. The main goal
for Nordstrom would be to interact with my persona on Facebook, not simply just
“like” the page. I would want my persona
to follow Nordstrom on Twitter and find ways to do promotions for her to RT Nordstrom’s.
For example Nordstrom can Tweet “RT if you love the new J Brand collection” I
would hope to catch my persona’s attention as J Brand is the new popular jeans
she may own or want to own, thus getting the word out to her followers as well.
King Fish
Media has done statistical testing on the marking of Quantitative and
Qualitative data through social media. The results are shown below. (http://www.kingfishmedia.com/Portals/51063/pdf/kfm-social-media-usage-2010.pdf)
Results show
us that customer relationship and identification of new customers if one of the
key benefits derived from good social media strategy. Also, the research shows
that the method companies use to contact their customers for marketing
campaigns the most is by direct dialog.
A more
well-rounded view of the target customers through social media can offer many
great benefits to marketers. It will
help us develop a connection with the customers by targeting their personal
needs and individual characteristics.
The ability to captivate an audience through social media is extremely
possible with the new generations becoming dependent on these tools. Markets
can gain dynamic insights, levels of interest, and key personal information to
see what drives the brand. While there are many advantages to qualitative
research, there are a few disadvantages. Quantitative analysis through social
media can be labor intensive since a continual connection must be made
worldwide at all times of the day making it time consuming also. In addition,
the methods used may not be accepted by the public or find their results to be
invalid or biased.
Radha – Good find on the external article. Thanks for that. Keep the length requirements in mind for the next post.
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