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SMM - CB Implications
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Unit 1_Lecture 2; Individual and Group influences with Implications for SMM
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SMM - CB Implications
1.
Social Media Marketing,
3e© OB CONSIDERATIONS IN SMM AND IMPLICATIONS FOR STP Chapters 2-3
2.
Social Media Marketing,
3e© LEARNING OBJECTIVES Why do social media marketers need to understand the behavior of consumer segments? What are the bases of segmentation used to group consumers? What are the individual influences on buyer behavior in a social media context? What are the elements of social identity? How do individuals build their social identities? How are these identities relevant to marketers? How can we explain the motives for participation in social media activities? What attitudes are most relevant for our understanding of social consumer behavior? What are the most important segments of social media consumers? What do they tell us about targeting users of the social Web? How do group/social community influences impact the spread of information and buyer behavior? 2-2
3.
Social Media Marketing,
3e© WHAT IS MARKET SEGMENTATION? Market segmentation is the process of dividing a market into distinct groups that have common needs and 1-3 TCC BY-NC-ND
4.
Social Media Marketing,
3e© WHY SEGMENT MARKETS? Market segmentation is a strategic tradeoff between the efficiency of treating everyone the same and the effectiveness of treating everyone differently.
5.
Social Media Marketing,
3e© STP Segmentation is the first step in a model known as STP – Segmentation, Targeting, and Positioning. We segment markets either from a “demand-side” or “supply-side” to enable more efficient and effective marketing strategies. Demand-side means that we segment markets for acquisition – what are the characteristics of segments we should target for customer acquisition? Supply-side means that we have current customers who can be targeted for retention and increased customer lifetime value – who are those customers and what do they need? Once we perform the segmentation procedure, we use the targeting procedure to select the segments to target.
6.
Social Media Marketing,
3e© SEGMENTATION PROCEDURES 1. Identify the objectives of the segmentation (acquisition or retention and specific organizational challenge being faced) 2. Based on objectives, select the segmentation bases and specific variables to use in the analysis. Any variable can be used if it is relevant and data exists for use in the analysis. Note that segmentation analyses are meant to be data-based, but many are based on secondary research, logic and intuition instead. You may return to the data time and time again as the marketing objectives shift. For instance, you may start with variables designed to identify groups with the highest probability of purchase but then further segment those groups on “jobs to be done,” “channel preferences,” and personality characteristics to gain insight for targeting of sub-segments. 3. Run statistical analysis such as cluster analysis to identify segments (and possibly predictive modeling of segment behaviors and preferences)
7.
Social Media Marketing,
3e© BASES OF SEGMENTATION Geographic Demographic Psychographic Benefit Behavioral 2-7
8.
Social Media Marketing,
3e© SEGMENTATION BASES AND VARIABLES The 5 bases of segmentation represent many/most of the possible variables of use in segmentation analyses. The challenge is to identify the variables that will really MATTER for the marketing decisions at hand. With the exception of “benefits sought,” which is really “jobs to be done” the variables do not explain what people want or why. They are proxies. Be sure the variables deliver information that relates to the decisions you need to make. For instance, does it matter if people are in urban or rural locations? It may not. Or it may if you might be selecting media for promotion (such as use of billboards or television advertising in major markets) or are concerned about the costs of shipping for the channel of distribution. Even if some variables are not key for the clusters produced, they may still offer valuable information for later use in developing a meaningful buyer persona.
9.
Social Media Marketing,
3e© TARGETING Once segments are identified, the marketer must select which segments to target. Not all segments will be selected because they may not be a good fit for the marketer and/or because every company has limited resources with which to target markets. Choose the segments that are most attractive and have the best fit with the brand. Attractive segments are relatively large, identifiable, reachable, unique, and durable. For the segments chosen for targeting, further study of data will be used to produce a persona of each target segment and possibly also a buyer journey. These are then used to guide marketing decisions. A persona is like a character sketch of a typical unit in the target segment. They are used in both B2B and B2C situations.
10.
Social Media Marketing,
3e© FIGURE 2.2 BUYER PERSONAS
11.
Social Media Marketing,
3e© PERSONAS Personas could include information on many characteristics and ultimately be enormous reports on the segment. For instance, recent research on Centennial buyers from Kantar Media are large documents. These will not be valuable if people on the marketing team don’t read the reports and remember the information. Therefore, the personas as a 1-page document are invaluable for highlighting the most important information about the target segment and the information most relevant for the marketing decisions at hand. But remember personas are only as good as the segmentation data used and the decisions of which segments to target. For social media marketing, personas will include data on uses of social media (such as preferred channels, devices used, motives for use) but will also include information on other variables too (e.g., brand affinity, need pain points, shopping patterns).
12.
Social Media Marketing,
3e© WHAT CAN WE LEARN ABOUT OUR TARGETS? To build personas, consider the characteristics of the segment that could influence their buying decisions and your marketing decisions. If it might matter, study it/include it in the persona. Some specific areas of social media behavior that might matter for SMM campaigns are daily use patterns for social media, motives for participating in social media, privacy boundaries preferred, types of social media behavior, and influencers and influence communities.
13.
FIGURE 2.3 A
DAY IN THE SOCIAL LIFE
14.
Social Media Marketing,
3e© MOTIVES FOR SOCIAL MEDIA ACTIVITIES Affinity 1 Personal utility 2 Contact, comfort & immediacy 3 Altruism 4 Curiosity 5 Validation 6
15.
Social Media Marketing,
3e© FIGURE 2.5 SOCIAL SHARING BOUNDARIES
16.
Social Media Marketing,
3e© SOCIAL MEDIA SEGMENTA TION MODELS Social Technographics The Social Consumption/Creation Matrix A Typology of Social Utility Pew’s Internet Technology Types Microblog User Types
17.
Social Media Marketing,
3e© FIGURE 2.6 FORRESTER’S SOCIAL TECHNOGRAPHICS
18.
Social Media Marketing,
3e© FIGURE 2.7 SOCIAL CONSUMPTION/ CREATION
19.
Social Media Marketing,
3e© FIGURE 2.8 A TYPOLOGY OF SOCIAL UTILITY
20.
Social Media Marketing,
3e© TABLE 2.1 PEW INTERNET TECHNOLOGY TYPES
21.
Social Media Marketing,
3e© WHICH TO USE? Any or all of these models may be relevant in creating personas for SMM campaign planning. It depends. This is part of the strategic planning challenge. It’s a puzzle to figure out. The answers (best insights) won’t always be obvious – in fact, they probably will not be obvious.
22.
Social Media Marketing,
3e© SOCIAL COMMUNITY INFLUENCES In chapter 3, the focus is on community and group influences. We know from the study of buyer behavior that people are influenced not only by their own characteristics, attitudes, and behaviors but also by those of important others. Important others include real and aspirational reference groups and these encompass the “others” we are exposed to on social media. Be sure to review the characteristics of the social communities that may be relevant for influencing your target segments (e.g., presence of “influencers” aka opinion leaders) as well as impact your marketing effectiveness (e.g., whether your social content can be amplified with sharing, whether a community culture fits with your brand’s personality and mission).
23.
Social Media Marketing,
3e© THE VOCABULAR Y OF NETWORKS Nodes Network units Interactions Flows
24.
Social Media Marketing,
3e© CHARACTERISTICS OF ONLINE COMMUNITIES 1 Presenc e 2 Social objects 3 Behavio r standar ds 4 Groups & sub- cultures 5 Particip a-tion 6 Social capital 7 Strong & weak ties
25.
Social Media Marketing,
3e© CHARACTERISTICS AFFECT MARKETING Presence – how must you present the brand in the community (if chosen)? Social object – does the social object in a community fit with the brand and brand communications? Behavior standards – what does the brand need to know about how to behave in the community to fit in as a member? Or does the brand want to be in this community given the behavioral culture standards (e.g., we see fewer brands choosing to engage on reddit and 4chan, possibly because of behavior standards)? Groups & subcultures – what groups exist in the community that are relevant and what is their form and source of influence? Participation – what does engagement mean in the community? How will that impact what the brand could plan as engagement opportunities for SMM campaigns? Social capital (as well as weak/strong ties) – what are the sources of social capital? Who has high capital? What opportunities exist to leverage these influencers for “affinity transference” and/or the network effect to achieve message amplification (and possibly even viral spread and meme status)?
26.
Social Media Marketing,
3e© SOCIAL OBJECT THEORYSocial object theory basically says that most communities organize around some shared object of interest (or passion even). This is true on and offline. On Dogster, dogs are the social objects. On Insta, photos. On Twitter, tweets. On Pinterest, images. On YouTube, videos. Note that some objects are TYPES and some are SUBJECTS (dogs versus images). To succeed in a community, the brand will need to provide valuable content that speaks to the social object embraced by 3-26
27.
Social Media Marketing,
3e© INFLUENCE RS ARE SOCIAL MEDIA’S OPINION LEADERS Reward power Coercive power Legitimate power Referent power Expert power Informative power
28.
Social Media Marketing,
3e© INFLUENCER MARKETING It’s definitely a current trend for brands to use social influencers for marketing campaigns. Why? 1. Influencers have relatively large audiences (meets reach objectives). 2. Influencer audiences tend to be engaged which may result in more attention paid to brand messages as well as spread of those messages node to node, network to network (called the network effect, produces “flow” of information, results in “amplification” which is essentially word-of-mouth communication in social media). 3. Influencers often times create the content for brand relationships and do so much more efficiently than ad agencies.
29.
Social Media Marketing,
3e© FLOW AND THE INFLUENCE NETWORK
30.
Social Media Marketing,
3e© FIGURE 3.2 ARCHETYPE S OF SOCIAL MEDIA INFLUENCER S
31.
Social Media Marketing,
3e© UP NEXT Now that we understand how to identify target markets and personify them and understand the individual and group influences on their behavior (with special emphasis on the elements unique to social media), we are in a position to move forward with strategic planning for the campaign. In future chapters, we’ll cover specific steps in the planning process, the practical tasks that must be completed to develop a plan for execution, and the marketing possibilities across the four zones of social media.