Event Marketing
Print Marketing – which can loosely be defined
as any paper form of advertising – this is the oldest form of traditional
marketing which has been in use since ancient times (Marketing-schools,
2014). This includes Posters, leaflets, newspaper
advertisements and other printed materials. This form of marketing was
effective till other form of marketing took over, such as broadcast- which
aired its 1st on-air advertisement 2nd November 1920,
followed by telemarketing and direct mails.
Olympic Games in Los Angeles in 1984 were the
first time event marketing concept was used (Behrer and Larsson, 1998). The
companies sponsored for the event not only got an opportunity to expose their
logos, the sponsors were also allowed to use their connection to the event in
their other marketing communications. This was where the concept of event marketing
was initiated (Behrer and Larsson, 1998).
'Event marketing' is a tool, where marketing
underlies as the core. Anna and Jessica also state that 'It turns a message
into an event' and carries it to the targeted group of audience. It is not a
substitute for other promotion tools and media; it simply is used in
combination with other promotion tools and media according to Behrer and
Larsson (1998).
'No other marketing discipline is expanding as
heavily as event marketing today', these words appeared in a journal by Jessica
Eriksson and Anna Hjalmsson (2000) in the year 2000. It has been a decade and a
half and it still stands strong and has grown stronger ever since. The research
also agrees with Jessica and Anna’s view on event marketing. Event marketing
has reached new feats after the social media took over marketing.
One issue frequently brought up by researchers
as being of importance, is the evaluation of event effectiveness. According to
Lundell (1999) referred in Anne and Jessica's report state that the lack of
relevant and unitary measuring methods of event marketing is a problem. They
also state 'Therefore it is important to develop measure methods that can prove
the effectiveness of event marketing'.
Social Media Marketing
Marketing is a well-developed
methodological science and is constantly changing its rules according to the
needs and developments taking place in and around its (Saravanakumar and
Suganthalakshmi, 2012).Social media marketing is now growing at a rapid speed.
Social media marketing is a technique that is
used to persuade the potential customer to buy a product or service making it
worthwhile. According to Gattiker (2010), social media marketing is the
'process of promoting your brand, service or product and building your reputation
through social media channels, such as weblogs and social networks' like
Facebook, Twitter and LinkedIn (Nagahawatta, 2012).
Over the past 40 years, there has been a
radical shift in how business is conducted and how people cooperate (Abu
Bashar, Irshad Ahmad and Mohammad Wasiq, 2012). Social media is being widely
used by almost all and even the
companies, in spite
of their size
have started using social media to advertise
and themselves.
Social media marketing offers three distinct
advantages (Neti, 2011). He has showed that social media marketing allows the
marketer to get feedbacks and suggestions directly from the customers. Since
the Feedbacks are directly from the customers the marketers can rely on the
unprocessed feedbacks and understand the customer's needs as well as market
trends. This also would allow the marketer to get a better understanding of how
customers rate and use their products versus the competitive product.
Also, Neti (2011) has elaborated on how Social
Media marketing allows the marketers to identify peer groups among various
other groups, who can help in organic growth of the brand. This allows the
marketers to listen to peer groups and to understand their methodologies and
approach in marketing through social media. Moreover Neti has pointed out that
social media marketing is cost effective - all this is done nearly at zero
cost.
Social Media Marketing in
Business
In the recent years the media clutter
increased heavily (Hjalmsson and Eriksson, 2000). It has become hard and
expensive, to reach and influence target group through traditional methods
(Hjalmsson and Eriksson, 2000). Companies quickly realized that social media
was more efficient and started adopting social media marketing at different
rates; 39% of the companies surveyed by McKinsey Quarterly use social media
services as their primary digital tool to reach customers (Saravanakumar and
Suganthalakshmi, 2012).The number of businesses that say Facebook is critical
or important to their business has increased by 75%(hubspot, 2014)
A study, "The state of small business
report," done by the university of Maryland's Robert H. Smith School of
business as mentioned in Neti's(2011) journal points out that small business
owners has increased their social media
usage from 12% to 24% in the year 2010 alone.
Social Media Marketing in Organizations.
Not only social media has invaded the business
and marketing practices, it also has offered numerous opportunities to
non-profit organizations to interact with the public.
A research conducted by Lindley Curtis et al
(2009:91-92) to find out 'how a non-profit public practitioners were adopting
social media tools' showed that 'of the respondents (N = 409), nearly all (n =
404) indicated that they used some form of social media'. This research also
points out that one practitioner used the average of 5 social media tools.
Lindley Curtis et al (2009) conclude stating that social media tools are
becoming beneficial methods of communication for non-profit organizations.
When the Social Media play a major
role in day-to-day life of people it must be safe and accurate/ precise.
Especially in case of business it should be more precise since marketers and
business personals take major decisions and changes based on customer feedbacks
through Social Media
References
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Bashar, Irshad Ahmad and Mohammad Wasiq. (2012). Effectiveness of social media
as a marketing tool - an empirical study. International Journal of Marketing,
Financial Services & Management Research.
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