a MARKETING RESEARCH ANALYSE AND PRESENT RESEARCH INFORMATION BSBRES411 PAULA MARTINEZ HERRERA 52042 PROJECT MARKETING RESEARCH INTRODUCTION MARKETING RESEARCH Rhodes College located on 118 Queen St, Melbourne Victoria, offers a variety of courses for both local and overseas students such as: Work Health and Safety, Business, Leadership and Management, Human Resources. Rhodes College wishes to extend its use of Social Media to interact more effectively and efficiently with both current and future students. In particular, the Marketing Manager wishes to increase the number of enrolments in current courses which cater for students in the 18-35 year old group. Potential students living in both Australia and overseas. PAGE 2 MARKETING RESEARCH Assessment task one: Research report 1. Research of social media trends Û Objectives: Interact more effectively and efficiently with both current and future students, providing new marketing strategies to facilitate Rhodes College the implementation of easier enrolment processes and the way how the reach their market niche in both local and overseas students. Û Social media tools: Rhodes College will focus on 3 (three) principal social media tools to reach their objective. Social media platforms use will be: • Facebook: Facebook is a popular free social networking website that allows registered users to create profiles, upload photos and video, send messages and keep in touch with friends, family and colleagues. Facebook is considered as a social media because you can be social with your friends, family and anyone. But across the years, it has become an important platform to promote and increase traffic and knowledge about business. It also possible to build communities and gather people with the same interests in a single space. Businesses can start marketing by building their fan-base on Facebook or attracting target customers. • Instagram: Instagram started as a platform to share photos of yourself with captions describing what’s on the picture but for the past years became one of the biggest social media platforms with a huge growth. From personal accounts to corporate brands, it connects more immediately and deeply with people than another platform. • Google My Business: “Social profiles for local business” Google gathers business information from a variety of resources and may include it to give customers a more detail overview of the business. Û Functionality of every social media tool: • Facebook Facebook can be one of the most valuable tools when it comes to building an online brand. This social media platform gives you a level of access to potential customers that is hard to find elsewhere. Facebook has become a platform where you can market your content and not only it is free but also it is easily accessible and quite flexible. PAGE 3 MARKETING RESEARCH Individual Users Personal engagement in an online space is the core purpose of Facebook. It serves to allow individual users to connect with friends in a simple, shorthanded manner, sharing thoughts, news and multimedia content with them. Facebook allows users to connect with many of their friends at once through posts that go out to a set list of individuals; it allows them to keep up with their friends and connect directly with individuals through direct messaging. It also lets individuals connect with public figures and businesses. Facebook for Marketing Facebook allows businesses, organizations and public figures to connect with customers, fans and constituents through the website. Businesses and other brands create pages where they can post content, provide organizational news, offer deals, introduce products and manage customer service relationships. They also can reach a large number of people with targeted advertising, creating ads specifically for Facebook that are tailored to appear on the pages of specific groups of people they hope to reach.1 • Instagram Instagram offers a variety of resources when it comes to promote business and increase benefit for it. With recent updates, Instagram offers new features like: _Video features: With a video post of up to 60 seconds long and with the facility of add filter, captions and location, not only provide a better overview of your objective but also generate more user engagement than the pictures. _Live video: Followers can see what is happening in real time, it builds brand transparency and authenticity. _Stories features: Promote specific content for up to 24 h, where followers can see what the business is doing on daily basis. _Geo-tagged content: Makes easier for customer to remember the location of the business or places around it. _Multiple Instagram accounts: Jump from one account to another if your business it is focusing on different markets or segments. _Hashtags: Another way to get your followers to engage with other accounts or branded hashtags that only the company use. • Google My Business “The New Google My Business features giving power back to local business” _Preferred profile cover: This feature makes it easier for business to control which image shows in local results, potentially bringing with it the possibility of changes in line with new stock and promotions. _Logo display: Listings that include core information (such as opening times and phone numbers) will show the business’s logo in the top-right of the profile. _Photo display: A new ‘photo display’ module will show images uploaded by the business quickly and prominently. Google has also said that captions are also coming soon, meaning that businesses will be able to add context to images. Together, these could be useful for local businesses to promote products and 1 https://www.techwalla.com/articles/the-purpose-of-facebook PAGE 4 MARKETING RESEARCH services, as well as to easily let searchers understand what to expect from their business.2 _Welcome offers: Welcome offers will allow businesses to share offers with new customers. Once a consumer follows the business, they can receive automatic offers that get saved in the Offers Folder. This feature could be great for local businesses, with incentives to encourage consumers to follow the business (and receive promotions and offers in posts directly), as well as to claim offers if they choose to purchase. And, with consumers receiving a code that can be used offline, it could become easier for local businesses to track conversions from Google My Business through to purchase. _Reviews: People can post reviews on based on their own experiences and when other people start to look it up for the business can get an expectation of the place/ company/ service they are searching for. Û Market segments each tool is suited to • Facebook _Type of segmentation Geographic Region: International Density: Urban and rural Demographic Age: 13 and upwards Gender: Males and females Occupation: Students, employees, professionals Psychographic Social class: All Lifestyle: Mainstreamer, aspirer explorer Behavioural Benefits sought: Communication, sense of belonging, recreation Personality: Easy-going, determined and ambitious • Instagram _Type of segmentation Geographic Region: International Density: Urban and rural Demographic Age: 13- 40 Gender: Males and females Occupation: Students, employees, professionals Psychographic Social class: All Lifestyle: Aspirer, reformer, succeeder 2 https://www.brightlocal.com/blog/new-google-my-business-features-june-2019/ PAGE 5 MARKETING RESEARCH Behavioural Benefits sought: Communication, sense of belonging, recreation Personality: Determined and ambitious • Google My Business _Type of segmentation Geographic Region: International Density: Urban and rural Demographic Age: 25-50+ Gender: Males and females Occupation: Employees, professionals, business Psychographic Social class: Working class (Low, middle, upper) Lifestyle: Succeeder, explorer, reformer Behavioural Benefits sought: Communication, staying updated, finding information, efficiency Personality: Determined and ambitious Û Growth or decline over the past 5 years PAGE 6 MARKETING RESEARCH • Facebook Facebook has more than 2.2 billion users globally. Facebook has an estimated 15 million fewer US users today than it did in 2017. PAGE 7 MARKETING RESEARCH • Instagram In June 2018, Instagram had reached one billion monthly active users, up from 800 million in September 2017. The app is one of the most popular social networks worldwide.3 From 2013 to 2019, the number of monthly Instagram users went from 90 million of users per month in January 2013 to 1.000 million per month in June 2018. 3 https://www.statista.com/statistics/253577/number-of-monthly-active-instagram-users/ PAGE 8 MARKETING RESEARCH • Google My Business Google has almost become a synonym for the internet. Everyone here is a Google customer in some way or another. Every internet marketer loves Google as well. These statements are no exaggeration, considering Google has over a billion people using each of its products and services. PAGE 9 MARKETING RESEARCH The data is taken from a 2018 survey. The volume of devices in 2013 was 1 billion, while in 2016, it reached 2 billion. Impressive growth, no matter how you look at it. 4 Google My Business posts have been around since mid-2017. They seem to have caught on – more than many of Google’s “local business” features have – mostly because the payoff is clear: GMB posts stick out in your brand-name search results and can nudge people toward the next step you’d like them to take. Statistics have shown that in 2017, around 17% of the business were using Google my Business to promote their goods and services around Google platform, since not many people have been using the service is unclear to know the real numbers but from 2000 businesses using Google Maps, around 100 of them of local business have been using the service. Most businesses don’t keep up with Google my Business promotion and posts. Û Additional features • Facebook _New placement controls for advertisers: Brand safety control issues to avoid material containing hate speech or violence. _Limits ads on pages: Limitation of number of ads any give page can run within a limit of time. _’Multiple text’ optimisation: Makes easier for advertisers to create, test and optimise several different options for the headlines, ads and products descriptions. _Dynamic ad creation: Deliver more personalised ads at a scalable level. _New fundraising tools: Branding reputation and tools (“donate’ button and stickers) for non-profit organisations. • 4 Instagram _Dark mood: Dark version of the social app. _Instagram email checker: To avoid scams and stolen accounts, Instagram is providing a tool to confirm if they have sent any verification email related to the account. _Anti-bullying profile restrictions: Instagram has introduced a new feature called “Restrict” that allow users to block interactions from users that are likely to spread hate, bully, or are unwanted for any other reason. _Hashtag insights: This new Instagram update will make it exponentially easier to determine which hashtags are working and which ones aren’t. _Post to multiple accounts: This feature allows you to publish to multiple accounts at the same time which can make it easier for business to share the same message without having to recreate the wheel. _Alt text: Alt text is enabled on your images to help people with visual impairments to enjoy the platform. _Top posts: Instagram recent update doesn’t limit to 10 posts and displays the same images; this will help to increase engagement and followers. https://techjury.net/stats-about/google/#gref PAGE 10 • MARKETING RESEARCH Google My Business Google My Business is a free tool that helps small businesses create and manage their Google listings, which appear when customers find businesses on Google Search and Maps. It helps business attract new customers and share information about what makes them special. Google My Business helps businesses attract more customers. Specifically, it can help businesses: i. Stand out by sharing latest and useful information: Customers search online to look for specific information e.g., directions, opening hours, photos and offers and compare businesses. By sharing the latest information, photos and offers you can use Google My Business to tell customers what makes your business special. ii. Engage with customers: Customers share stories, leave reviews, and reach out to small businesses right from their phones. Google My Business lets you join the conversation about your business. Respond to reviews, answer messages and questions, and get more calls from interested customers iii. Set up a free mobile optimized website in less than 10 minutes: With Google My Business, you can build a free website that looks great. The free website builder makes it easy to create and edit your site from your computer and phone It also gives you information about which photos get noticed, and where your customers come from iv. Discover how customers find you: Google My Business gives you important information about how customers find you and interact with your listing. You can track information about the number of searches for your business, incoming phone calls and requests for directions. It also gives you information about which photos get noticed, and where your customers come from. Û Best social media tool After an extensive research and knowing that more and more consumers are using social media platforms and tools for business, this marketing research have shown that the best social media tool for RHODES COLLEGE and their objective and mission of the upcoming marketing campaign is FACEBOOK. Facebook is one of the best social media platforms for businesses to use to reach their target market with nearly 2.41 million monthly active users, not only is the largest but also with the most diverse audience. Facebook also provides the best features for businesses because it focuses on digital advertising and ecommerce integrations. Facebook has allowed brands to interact with customers through Facebook Messenger so people can keep up to date about any changes, opportunities, notifications about their favourite brands/ goods/ services. PAGE 11 MARKETING RESEARCH 2. What is search engine optimisation (SEO) Û Search Engine Optimisation (SEO) Search Engine Optimisation (SEO) it is the process of actions to get better positioning of a website during the searching procedure on Search Engine operators like Google, Bing and another one. SEO works with technical aspects like structure optimisation and information of the website but also it can be applied to the content of the page to make it more relevant and useful for the users. Û Search Engine Optimisation provider (Budget) Having $500 budget to spend monthly providing more visibility to the college website is a good idea since the internet is one of the most powerful and true tools when it comes to finding and using businesses, services and products. The fact that the college page appears as one of the first suggestions in the search engine, will make possible students have more curiosity to know about the courses offered and what are the facilities that the school has structurally and financially; Thus, the objective of the marketing study would be evidenced and promoted to the levels expected to achieve the expected objectives. Û Achieving outcomes If you want to use different tools to meet the objective of the marketing study, the $500 can be invested in training personnel to visit different educational agencies and workshops every month where they can provide accurate and more personalized information to potential students about the courses offered and the experiences they can live on campus and the facilities that the tutors can offer them regarding their studies. PAGE 12 MARKETING RESEARCH References https://www.techwalla.com/articles/the-purpose-of-facebook https://www.brightlocal.com/blog/new-google-my-business-features-june-2019/ https://www.statista.com/statistics/253577/number-of-monthly-active-instagram-users/ https://techjury.net/stats-about/google/#gref https://wearesocial.com/global-digital-report-2019 PAGE 13