EKANSH'S RESEARCH PAPER Final
EKANSH'S RESEARCH PAPER Final
EKANSH'S RESEARCH PAPER Final
DECLARATION
is solely done by me. The project work is a record of original work under the
report has been created as per the guidelines provided by the university. All the
information and work have not been copied from any online/offline platform.
EKANSH SHAHU
A30206420053
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CERTIFICATE
This is to certify that the work incorporated in the research paper, “SOCIAL
Ekansh Shahu , was carried out by the candidate under my supervision. I have
obtained such material, and the report has duly acknowledged sources.
Signature:
Date: 24-08-2022
Signature:
Date:
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ACKNOWLEDGEMENT
guidance.
I would also like to thank Prof. Pankaj Shukla (Director) of Amity Global
Business School, Mumbai, for allowing me to work on the topic, which has
I am grateful to all the online references, book references, the people who
responded to the survey, and my faculty guide, who helped me throughout in the
proper direction.
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ABSTRACT
INDEX
1 INTRODUCTION 7
2 Literature Review 10
4 Hypothesis 12
7 A key finding 15
8 Benefits of SMM 16
10 Pervasiveness of SMM 19
11 Role of SMM 19
15 SMM Strategies 23
16 Questionnaire 26
17 Conclusion 29
18 References 30
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INTRODUCTION
The two words that make up the term "social media" can be used to deduce its
meaning. Media, in general, refers to advertisements and the dissemination of
information or ideas via publications or channels. Social refers to how members
of a group or community interact with one another. Together, social media
simply refers to platforms for communication and publication that are created
and maintained by people interacting with one another through a particular
medium or instrument. According to Wikipedia, social media is the
democratisation of information, turning users from content consumers into
content creators.
It is the transition from a broadcast method to a many-to-many paradigm that is
based on interactions between authors, individuals, and peers. Social media
connects information in a collaborative way by utilising the "wisdom of
crowds." Social media can exist in a variety of formats, such as blogs, wikis,
podcasts, picture galleries, and message boards on the internet. User-driven
websites with a particular purpose are the foundation of social media. Digg is
used for news, and Del.icio.us is used for bookmarking. Sometimes, the draw is
the community itself (Facebook and Myspace = networking).
Social media are platforms for social engagement that make use of widely
available and adaptable publication methods. Web-based technologies are used
by social media to transform communication into interactive conversations.
Social media are "a series of Internet-based applications that build on the
theoretical and technological foundations of Web 2.0, which allows the creation
and exchange of user-generated content," according to Andreas Kaplan and
Michael Haenlein.
The means of social interaction are social media. They quickly spread
knowledge and information to a large number of individuals via web-based
technology. User-generated material can be produced and exchanged thanks to
them. Social media refers to websites like Facebook, Twitter, Instagram, Hi5,
Orkut, and other social networking platforms together. Social media is an
example of a free tool that combines technology and verbal communication
with social interaction. The majority of these technologies are web- or mobile-
based, such as Twitter, Facebook, MySpace, and YouTube.
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There are two advantages of social media for businesses, and they are as
follows:
1. Cost reduction by a reduction in staff hours.
2. An increase in the likelihood of generating income.
Literature Review
Dependent Variable
Customer Engagement
Customer engagement refers to the commercial relationship that develops via multiple
channels of communication between customers and a firm or brand. Customers and
businesses can connect in both online and physical settings through responses, interactions, or
overall customer experiences. Customer-to-customer communication about a good, service,
or brand is referred to by this word. However, a business-to-consumer connection that
occurred later on started to spread subliminally.
Online customer engagement differs from physical customer engagement because the nature
of the customer contact with a firm, brand, and other customers differs on the internet. Online
customer interaction is a social phenomenon that gained traction with the widespread use of
the internet in the late 1990s, which has accelerated technological advancements in
broadband speed, connection, and social media. These variables encourage customers to
participate in online communities centred on product categories and other consuming themes,
either directly or indirectly. This process results in a customer's positive engagement with the
firm or service, as well as the behaviours associated with various levels of customer
engagement.
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Independent Variable
Quality of Content
Understanding your clients is the first step in generating content that engages them and
accentuates the message your company is attempting to communicate with them. Content
Frequency of visit
Frequency of visit is how frequently people visit your site and how long they wait between
visits may assist to gauge visitor loyalty and find behavioural characteristics separating
User Experience
The total experience of a person visiting a website or a social network, particularly in terms
People will just go if a website or social site lowers the user experience significantly.
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This study aims to comprehend the legitimacy of social media marketing. Because it is
crucial to delve further into the psychological factors that influence the minds of the
consumers who the products are aimed at. The businesses must be able to see the
opportunities. Utilize the chance and protect consumers' perceived value. Understanding the
media vehicles that marketers are employing, whether they are sufficient for their purposes,
and if not, why, is equally crucial.
Hypothesis
The effectiveness of a company's social media marketing is determined more by how its
followers interact than by the number of followers they have. with a brand, including how
they interact with the firm's content, how they refer the company to their friends, how many
followers and fans it can accrue and maintain, among other things.
So, i had to understand how each of these things functioned. In order to demonstrate the
usefulness of social media, we presented the following claims:
Using social media to try to convince customers that one's business, products,
and/or services are valuable is known as social media marketing. Social media
marketing includes advertising on blogs, social networks, online forums, and
other platforms.
According to Lazer and Kelly (1973), social marketing is "involved with using
marketing knowledge, ideas, and tactics to advance both social and economic
goals. Analysis of the social effects of marketing policies, decisions, and
activities is another area of focus "
The main page of Digg or any other social news website is not the only goal of
social media marketing. Establishing the company's influence, reputation, and
brand within groups of potential consumers, readers, or supporters is a smart
and methodical process.
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Economic hardships are cited as the primary driver for social media's explosive
growth in a recent report titled "The State of Small Business Report," which
was sponsored by Network Solutions, LLC and the University of Maryland's
Robert H. Smith School of Business. According to the study's findings, small
business owners now utilise social media more frequently than ever before—
from 12 to 24 percent in just the past year—and nearly one in five actively
incorporates it into their marketing plans. Only 23% of marketers used social
media continuously in 2009. Right now, that percentage is 31%.
Here is a breakdown of the top social media marketing strategies that small
businesses cited:
75% of businesses have pages on social networking sites.
69% of people change their statuses or share interesting items on social
media.
57 percent of users create networks on websites like LinkedIn.
54 percent keep track of customer reviews of the company.
39 percent of people run blogs.
Approximately 26% of tweets refer to areas of expertise.
Twitter is used as a service channel by 16% of users.
The study found that different industries are embracing social media marketing
at varying rates. While several businesses have begun utilising social media
marketing in an effort to reach more consumers, many have not yet made it their
main priority.
A KEY FINDING
Budgets for social media marketing are still increasing. The findings show that
firms currently devote 6% of their marketing resources to social media, with an
expectation that this percentage will rise to 10% in one year and 18% in five.
Marketers had previously intended to invest more money in social media as
early as August 2009.
In contrast, marketers stated in February 2014 that they intended to devote one-
fifth of their marketing spending to social media marketing during the following
five years. This is definitely more than what was anticipated in 2009. The study
includes the comparison between August 2009 and February 2014.
These findings suggest that marketers believe social media marketing is here to
stay and will play an increasingly essential role in their work in attracting and
maintaining customers in the future, even though many are still experimenting
with and learning how to use social media platforms.
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Social Media Marketing (SMM) offers three key advantages that set it apart
from traditional marketing approaches.
One benefit is that it gives marketers a window to hear customers' complaints
and suggestions in addition to simply presenting products and services to them.
Two, it makes it simple for marketers to locate various peer groups or
influencers within various groups who, in turn, can end up endorsing a brand
and aid in its natural expansion.
Three, because the majority of social networking sites are free, all of this can be
done for practically no money (as opposed to traditional client outreach
programmes).
To better understand their customers' demands and develop better products, they
engage in continual communication with them. The best method to discover
your own flaws and your clients' requirements is to listen to them.
TRANSPARENCY: There is no cheat code used. Black hat tactics are not
permitted. Everything that occurs on social networking sites is secure.
Businesses cannot pretend to be honest in an effort to increase participation.
Members have the option of joining the company or not. The more authoritative
the companies become, the more seriously people take the opinions expressed
on social networking sites.
REACH: Social networking services can help you swiftly and worldwide
establish yourself.
BRANDING: Even if you may have always bought sweets on the spur of the
moment, if it is spoken about on social media, even candy may start to become
brand conscious. Building brands is a wise use of social media. Social media
platforms are recognised as one of the most effective and quick ways to build a
brand. Some well-known brands, including Coke, Ford, Dell, IBM, and Burger
King, have made effective use of social media platforms to promote their
products.
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However, the social media usage scenario for small enterprises is more positive.
Small businesses used social media at a rate of 24 percent last year, up from 12
percent, according to the State of Small Business Report. Furthermore, social
media is actively used by roughly 20% of small businesses as a key component
of their marketing plans.
In actuality, social media currently accounts for 6% of small firms' marketing
budgets. This is anticipated to increase to roughly 10% by 2011 and to around
18% during the following five years. Some poll results are especially
encouraging from the perspective of business via social media, such as the
following:
75% of small firms have a presence on a social networking site.
54% are monitoring comments.
69% post updates or interesting content on social media sites.
Those are truly staggering numbers, especially in light of how deeply social
media has permeated major corporations. But the most startling finding from the
two surveys is that almost 70% of the Fortune 100 companies are essentially
dormant. Similar numbers of small businesses, though, are humming with
activity on social media. Nevertheless, numbers aside, it is past time for
businesses of all sizes to develop a social media strategy that includes the three
Cs:
(1) a company-wide engagement strategy.
(2) a means of ensuring conversations with customers; and
(3) a means of fostering user loyalty across social networks.
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71 million people in India actively use the internet. In India, social media is
definitely making headway. According to the 2010 Regus Global Survey on
Business Social Networking, 52 percent of Indian respondent companies
reported that they have gained new clients through social networks, compared to
35 percent of American companies. India has the highest activity index, 127,
significantly greater than the US'97. Today, a lot of businesses are investing
heavily in social media optimization for their goods and services. Social media
was utilised to sway Indian voters during the 2009 election. Brands like Tata
Docomo, MTV India, Channel V, Clear Trip, Tata Photon, Axe deodorants,
Microsoft, Naukri, Shaadi, and many more engage in social media marketing in
India. Additionally, a large number of Indian celebrities use the SMM platform
to advertise their films, music, and events on Twitter, Facebook, and individual
blogs. Public relations industry is also growing because to social media
marketing. Numerous PR firms in India carry out brand-building initiatives for
businesses, products, and celebrities. To the surprise of many of us, however,
organisations in the not-for-profit sector have benefited the most from SMM
thus far. On social networking sites, a number of campaigns, like "Bell Bajao"
and "Jaago Re," have been highly successful [3]. These campaigns have used
Facebook, Twitter, and blogs to spread the news about their cause.
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Additionally, the message must compel the recipient to take some sort of
action, such as asking for a thorough description of the good or service,
recommending it to a friend, or making a purchase. Therefore, if an
advertisement is aiming to sell something, it should be strategically
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positioned with links so that the potential customer can buy with the least
amount of effort.
Similar to how social media may be used to boost client retention, it can
also be used to increase customer loyalty through customer care services.
The business shouldn't simply join the bandwagon because others are
doing it. To determine if their brand would truly gain from SMM, the
market should be examined first. It ought to investigate whether SMM
tactics are appropriate for its brand.
The firms must consider their goals for the year and how social media fits into
those goals in order to develop a strategy for using it. The ability to adapt the
available tools for their own needs is one advantage of a social media strategy.
The businesses can decide to focus their efforts on the locations that appear to
give the best return on investment while adopting a "wait and see" attitude
toward the rest
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Questionnaire
2. I think advertisements that lack innovation loses the trust of the audience.
CONCLUSION
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These days, neither individuals nor businesses can avoid social media. Social
media and the internet world are now inextricably linked. In addition to taking
place in homes, small enterprises, and corporate boardrooms, the social media
debate is also expanding into the non-profit, education, and health sectors. It is
no longer regarded as a Web 2.0 fad. More and more people are speaking of
social media as just another channel or method, as opposed to feeling
excitement, novelty, confusion, and overwhelm.
Blogging may be highly beneficial for the branding & development of your
business. According to a HubSpot survey, consumers who have blogs generate
68% more leads than those who don't. It is crucial to recognise the exponential
potential of social media nowadays.
An internet presence and an ongoing dialogue with your people are a minimum
requirement regardless of whether you are a person, a start-up, a small business,
or a huge organisation. This will demand time and experience. Businesses are
shifting their focus and re-evaluating their conventional communication
techniques. We shall enter a new era of knowledge, accessibility, and
experiences unconstrained by location, time, or physical barriers as the social
media wave evaporates into the enormous ocean of connected experiences and
the phrase itself enters dictionaries and encyclopaedias. It is past time for any
company to utilise social media and treat it seriously.
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REFERENCES
[1] Kaplan, Andreas M.; Michael Haenlein (2010). "Users of the world, unite!
The challenges and opportunities of social media". Business Horizons 53(1):59–
68. doi: 10.1016/j.bushor.2009.09.003. ISSN 0007-6813.
http://www.sciencedirect.com/science/article/B6W45-4XFF2S0-
1/2/600db1bd6e0c9903c744aaf34b0b12e1. Retrieved 2010-09-15.
[2] Lazer, W., Kelley, E.J. (1973). Social Marketing: Perspectives and
Viewpoints. Homewood: Richard D. Irwin
[3] Michael A. Stelzner (2010), Social Media Marketing Industry Report, “How
Marketers are using social media to grow their businesses”, Social Media
Examiner, April 2010
[4] Nora Ganim Barnes, Eric Mattson, “Still Setting the Pace in Social Media:
The First Longitudinal Study of Usage by the Largest US Charities”, University
of Massachusetts Dartmouth Center for Marketing Research, 2008
[5] social media in India – An Overview by techiedevil on June 11, 2010, in
Social Media http://www.internetmarketingjournal.org/social-media-india/
[6] http://www.zitzsolutions.com/internet-marketing-services/social-
mediaoptimizationmarketing/
[7] http://www.analectic.org/social-media-marketing-brands-india
[8] http://www.analectic.org/brand-engagement-on-social-media-
industryperspective/
[9] http://www.socialmediaexaminer.com/3-new-studies-prove-social-
mediamarketinggrowth/#more-2583