WELCOME TO SOCIAL MEDIA MARKETING! Social Media Marketing CLASS EXPECTATIONS • Be kind and respectful KEY INFORMATION • Treat everyone as you’d like to be treated • CLASS TIME: 6:15pm-9:45pm • Speak in English during the class • BREAK TIME: 7:45pm-8pm • All assignments should be submitted through Moodle • Attendance will be recorded before break • Be attentive and participate during class discussions • • Have questions? Raise your hand or come talk to me during the break, before or after the class If you need to reach out, my e-mail is i.marques@ilacic.com • If you cannot attend a class, let me know • Have fun! COURSE EVALUATION 10% 15% In-Class Tasks To pass the course… Major Assignments • 70% attendance for each class is required • 70% attendance for the overall program • 70% final grade is required • 60% final exam grade is required 25% Final Exam Participation (IOET + Online Tasks) 50% COURSE CALENDAR - JANUARY COURSE CALENDAR - FEBRUARY WEEK 1 CLASS 1 INTRODUCTION TO SOCIAL MEDIA MARKETING Social Media Marketing LEARNING OBJECTIVES • Understand how social media has evolved over time • Understand the different types of social media platforms • Describe how social media has disrupted traditional marketing • Understand the advantages and disadvantages of social media • Define the most commonly used social media metrics • • • Explain why social media marketing is important • Understand the social media skills gap and careers in social media marketing Understand the benefits of social media marketing Define paid, owned, and earned media in the context of social media SOCIAL MEDIA Social media is a form of electronic communication (such as websites for social networking and microblogging) through which users create online communities to share information, ideas, personal messages, and other content such as videos THE EVOLUTION OF SOCIAL MEDIA Time to reach 50 million people: Airlines 68 years Telephone 50 years Internet 7 years Facebook 3 years X (Twitter) 2 years Pokémon Go 19 days Threads 24 hours Source: Visual Capitalist SOCIAL MEDIA STATISTICS TOTAL POPULATION UNIQUE MOBILE PHONE USERS INDIVIDUALS USING THE INTERNET SOCIAL MEDIA USERS' IDENTITIES 8.03 BILLION 5.48 BILLION 68.3% POPULATION 5.18 BILLION 64.6% POPULATION 4.8 BILLION 59.9% POPULATION Source: We Are Social & Hootsuite THE EVOLUTION OF SOCIAL MEDIA: MOBILE DEVICES • 68.3% of the world’s population uses mobile devices • In 2015, time spent on mobile apps surpassed time spent watching TV for U.S. consumers (Perez, 2015) • More than event, mobile is a space that marketers must pay attention to THE EVOLUTION OF SOCIAL MEDIA: GROWTH IN SOCIAL MEDIA USERS Number of social media users worldwide (in billions) 2.73 2017 3.1 2018 3.51 2019 3.9 2020 4.26 2021 4.59 2022 4.89 2023 5.17 2024* 5.42 5.64 5.85 2025* 2026* 2027 Source: Statista WHEN WAS THE LAST TIME YOUR PHONE WAS NOT WITH YOU? SOCIAL MEDIA AS A MARKETING DISRUPTOR SOCIAL MEDIA AS A MARKETING DISRUPTER: DAILY TIME SPENT WITH MEDIA TIME SPENT USING THE INTERNET TIME SPENT WATCHING TV TIME SPENT USING SOCIAL MEDIA TIME SPENT READING PRESS MEDIA 6H35MIN 3H12MIN 2H24MIN 1H49MIN TIME SPENT LISTENING TO MUSIC STREAMING TIME SPENT LISTENING TO BROADCAST RADIO 1H28MIN 0H52MIN TIME SPENT LISTENING TO PODCASTS 0H52MIN TIME SPENT USING A GAMES CONSOLE 1H05MIN Source: We Are Social & Hootsuite SOCIAL MEDIA AS A MARKETING DISRUPTER: 5 MAIN REASONS FOR USING SOCIAL MEDIA 48% 37% 34% 29% 28% Stay connected with Friends and Family Fill spare time Read News Stories Find content (e.g. Articles, videos) See what’s being talked about Source: We Are Social & Hootsuite SOCIAL MEDIA AS A MARKETING DISRUPTER: IMPACTED TRADITIONAL MARKETING METHODOLOGIES • Social media challenges traditional marketing methodologies (radio, print, television) as marketers shift budgets and strategies to digital marketing tactics with greater ROI • Consumers now regard social media as a more trustworthy source of information over traditional marketing communications SOCIAL MEDIA AS A MARKETING DISRUPTER: GLOBAL AD SPEND BY MEDIUM Distribution of advertising spending worldwide in 2021, by medium 70% 60% 58.96% 50% 40% 30% 24.85% 20% 10% 4.97% 4.28% 4.05% 2.54% Outdoor Newspaper Radio Magazines 0% Internet Television 0.34% Cinema Source: Statista SOCIAL MEDIA AS A MARKETING DISRUPTER: DAVE CARROLL AND UNITED AIRLINES SOCIAL MEDIA AS A MARKETING DISRUPTER: USER GENERATED CONTENT • User-generated content (UGC) refers to any digital content that is produced by end users of an online service or website (Techopedia, 2017) • Consumers are becoming content creators for brands on social media • UGC is used to create opportunities for showcase brands and build customer relationships SOCIAL MEDIA AS A MARKETING DISRUPTER: USER GENERATED CONTENT - DORITOS • In 2006, Frito-Lay leveraged UGC for its Doritos’ “Crash the Super Bowl” contest • Consumers invited to create a 30-second commercial to win a featured Super Bowl spot. • 32,000+ submissions received; over $7 million in prize money awarded (Schultz, 2016) SOCIAL MEDIA AS A MARKETING DISRUPTER: USER GENERATED CONTENT: AERIE REAL • Aerie encouraged customers to post unedited photos of themselves in bathing suits with the hashtag #AerieReal. • Aerie extended the campaign by leveraging #AerieREAL Role Model influencers who became a source of inspiration for women around the world. • In 2020, Aerie launched the #AerieREAL Change Initiative which awards 20 changemakers with $20,000 to help them make the world a better place. SOCIAL MEDIA AS A MARKETING DISRUPTER: JOURNALISTIC AND ORIGINAL CONTENT • 67% of Americans report that they get at least some of their news on social media • Many media companies have joined social media to deliver original content to a wider audience over television SOCIAL MEDIA AS A MARKETING DISRUPTER: CHANGED THE CUSTOMER BUYING JOURNEY Source: Social Media Today SOCIAL MEDIA ADVANTAGES / DISADVANTAGES What are the advantages of social media? What are the disadvantages of social media? INTRODUCTION TO SOCIAL MEDIA MARKETING INTRODUCTION TO SOCIAL MEDIA MARKETING • Social media marketing (SMM) is the use of social media by marketers to increase brand awareness, identify key audiences, generate leads, and build meaningful relationships with customers • SMM centers around efforts to create engaging content that attracts, resonates with, and encourages readers to engage with and share that piece of content with their social networks BENEFITS OF SOCIAL MEDIA MARKETING • Increased brand awareness and exposure • Improved sales • Increased traffic • Time savings • Brand loyalty • Reduced marketing costs • Marketplace insight • Stronger customer experiences • Lead generation • Owned, earned, paid media • Increased thought leadership Source: Getty Images DIGITAL MARKETING TRIFECTA Source: Titan CEO SOCIAL MEDIA METRICS • Call to action (CTA) • Clicks • Click-Through-Rate (CTR) • URL click • Engagements • Engagement rate • Followers • Mentions • Total reach TOP SOCIAL MEDIA CAMPAIGNS 2023 • • • Spotify Wrapped Barbie McDonalds Raise Your Arches THE SOCIAL MEDIA SKILLS GAP Of the companies who use social media, only 12% feel they do so effectively Source: Getty Images CAREERS IN SOCIAL MEDIA MARKETING A simple search of “social media” on Indeed.com, yields over 65k results A few examples include: • social media coordinator, specialist, manager director • social media influencer manager • social media editor • social media content manager • bloggers • paid social media strategist • community manager • social media video producer • digital media manager • social media writer SOCIAL MEDIA MANAGER SKILLS 10 skills every social media manager should have: 1. Community management 2. Creative 3. Organized and effective 4. Adaptive 5. Good writing skills 6. Sales and customer service 7. Strategic focus 8. Decisive 9. Analytics and SEO-driven 10. Curiosity Source: Getty Images SOCIAL MEDIA MANAGER SKILLS (CONT.) Success as a social media manager also requires staying on top of social media trends. Tip: Subscribe to a few leading social media marketing newsletters or blogs: Social Media Examiner, Sprout Social, and Hootsuite Remember: being an active consumer of social media does not make you a social media expert!