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By
Paul Olola:D65/68454/2013
Owned Media
A media channel which the organization creates and controls.
E.g. websites, blogs, Facebook pages, tweeter accounts etc.
Earned Media
Publicity gained from promotional efforts other than advertising. E.g.
positive customer review and comments on an advert posted online
Paid Media
Publicity gained through advertising using websites, television, radio etc.
Introduction
In years to come, there will be more
The number of Internet users rose by 26.1 million in the last quarter of 2014. This
marked an increase of 4.8 million users compared to the same quarter of 2013.
(Sector report by the Communications Authority of Kenya in 2014)
Kenyas internet users spend at least an average 70 minutes online during each visit.
The growth of internet access and usage attributed to numerous data promotions
carried out by the various service providers during the quarter.
For example: One of the service providers offered free social media access by
post paid and pre paid subscribers on their network.
The report classified the main users of the internet as :
Users
Percentage
75%
Communication
64%
Downloading content
59%
It is one of the many possible channels through which a brand can connect with its
customers.
It is an increasingly important touch points for brands.
It can be a driver of customer perceptions and experiences.
More than ever, the digital encounter is the first encounter with a brand.
As opposed to traditional methods whereby relations with customers end with the
sale, digital branding aims at sustaining relations, engaging the customer and spending
more time on the touch points.
Companies are resorting to crowd sourcing to get ideas on new products, advertising
campaigns and sales promotions.
Companies are moving to marketing automation whereby artificial intelligence is used
to carry out marketing activities that were formerly carried out by skilled marketers.
The Internet, social media and new communication technologies are major game
changers in marketing. A company cannot promote its brand by having a monopoly on
communications about its brands. It is the consumers and their peer-to-peer talk
that is shaping consumer images of brands, what to buy and how much to pay. No
Company can afford to deceive customers without being quickly exposed on the
Internet (Kotler, 2013).
David Court carried a study in 2009 on how brands engage with customers in the
customer decision making journey
His findings can be represented in form of a metaphor comparison of traditional and
modern customer decision journey.
Implications
Instead of focusing on how to allocate spending across media, marketers should target
stages in the decision journey. (Advertising and Advocacy)
Marketers budgets are constructed to meet the needs of outdated strategies which
focuses on huge costs and one-way communication. Instead of paid media, marketers
should concentrate on owned media and earned media.
In the digital age more importance should be given to evaluate and advocate products
and services.
Owned Media
Paid media
Drives Traffic
What they DO :
Take ACTION
Web trends
Brand tracking and studies have been made easier and faster online via innovative traffic
auditing software like Web trends. It makes it possible to tell the time, dates, region or
country of visitors and the path taken by visitors through the website. It helps in
understanding the traffic a website generates by telling digital marketers who is visiting the
site, how long they are staying, which pages they are viewing and not viewing (Kumar &
Aaker,2002).
Profitability
Online brand marketing might have good return on investment (ROI) owing to a bigger
territory and expanded brand awareness leading to profitability.
People are receptive to your messages.
People view Twitter and Facebook as social networks, not marketing machines. As a result,
theyre less likely to see what you post as an advertisement and will be more likely to hear
what you have to say.
Ctd
It will get you more sales.
When you stay in front of your customer base, theyre more likely to buy from you when they
need the products you sell. Social media marketing helps keep your companys name in front of
potential buyers,
You can find people who are looking for the products you sell (and then direct them to your
site). Using Twitter for marketing is great that way telling people who want your products
how to get them from your company is just any sign away
Cost effective
If you handle your own social media management, running a social networking campaign is
as cheap as it gets. If you hire a social media management or online PR agency its still
cheaper as compared to the traditional methods of advertising
Level playing field.
You need to have millions of dollars to run traditional advertisement campaigns, here all
companies start off on pretty equal footing when it comes to social media marketing. The
people who thrive and go viral in cyberspace are the people with the most clever, attention
grabbing tactics and the most useful, link worthy content.
Cyber terrorism
The rise of Hackers
Hackers are people who exploit weaknesses in a
computer system or network. They may be
motivated by profit, protest, challenge,
enjoyment or to evaluate those weaknesses and
assist in removing them.
There is a danger in moving brands online because of possibility of reducing brand equity
in case the site happens to be poor in terms of performance, structure or information
content. (Chaffey, 2004) Bearing this in mind, it is likely that an establishing company
might be prone to meeting such risks as a result of looking for cheaper alternatives of
building an online brand, in an effort to save costs.
Complaint channel
Dissatisfied customers are increasingly using the social media as a complaint channel. They
channel their grievances on particular brands price, durability, safety and sustainability. If
not timely managed, can get viral over a short time period leading to negative attitudes
and perception on brands.
References
Kotler, P. & Keller, K.L. (2012). Marketing Management (14th ed.) Cerebellum Press.
Kruger, R., & Stumpf, A., (2013). Brand Growth Barriers : Identify, Understand &
Overcome them. Berlin : New York : Springer.
Kumar, V., Aaker, A., & Day, G., (2002). Essentials of Marketing Research (2nd ed.)
John Wiley and Sons, INC.: Pennsylvania.
Keller, K.L. (2003). Strategic Brand Management : Building, measuring and managing
brand equity (2nd ed.) New Jersey: Prentice Hall International Inc.
Kotler, P. & Armstrong, G.(2012). Principles of Marketing (14th ed.) New Jersey :
Prentice Hall International Inc.
The End