TOMS Shoes Situation Analysis: METHODOLOGYWhile monitoring TOMS Shoes, a company known for giving shoes to underprivileged children, our group observed and recorded public comments, promotions and remarks about TOMS through a variety of social media networks. We used sites including Twitter, Facebook, informative blogs, online news sources, such as the New York Times, and online magazine articles to record our findings. However, we found that TOMS primarily uses Twitter for marketing and advertising to specific target audiences; Because of their constant twitter usage, members of our group were able to easily locate the @TOMS twitter page. It was from this site, we were able to monitor and record what the public had to say about TOMS from March 21st to April 4th. We also used Twitter Advanced Search and found more helpful and credible comments that related to a specific aspect about the TOMS Shoes mission. As well as Twitter, TOMS has a popular Facebook page that was helpful with monitoring comments. Our group also found other sources, promotions and audience feedback using tools such as Google search and Google Blog Search. All of these sources were vital in providing the information we received from monitoring this site. In determining the credibility of our sources, we primarily used Alexa.com. This site provided information about current and updated blogs as well as online news sources. While questioning the credibility of particular tweets, we would determine the credibility of the users who posted them. Our group looked at the user’s the number of followers as well as the number of tweets. We used Facebook in the same sense of how many people would like the wall post or how many comments it would have. RESULTSStrengths: A main strength of TOMS shoes is that the organization has a clear-cut mission, which is One for One. TOMS also has a lot of credibility and visibility. The media recognizes TOMS as a reliable organization that is very present in society. Another big strength of TOMS shoes is that it is charitable. This organization has a great reputation in the public's eye. Rather than adapting to social media, the company originated using social media marketing, advertising, and public relations strategies. This gives TOMS an advantage over its’ competitors because it did not have to change with its’ social media efforts, it grew with them. The fact that TOMS is a global brand making it well known throughout the world is a strength of the company as well. Weaknesses: One weakness of TOMS is that it is a new company and isn’t as established as some older non-profit companies, which might influence peoples’ trust in the company. Also, TOMS shoes are not available everywhere. They could tweet about where to find TOMS other than their website. Also, TOMS are limited to their style to make them affordable and profitable shoes. Even though TOMS does an excellent job at using social media to advertise, they put little to no money in other forms of advertisements. The shoes also cost A LOT more than most people think they are worth; they are durable, but not so great appearance-wise for such a high cost. Opportunities: Like any company, there are plenty of opportunities for improvement. A main opportunity TOMS has is its media interest. People like hearing about how they can make a difference through videos and tweets. TOMS could utilize social media in different ways to reach a larger potential market. One way is to advertise using other vehicles to show their target audience how they effectively use social media by following them on Twitter and becoming a fan on Facebook. TOMS could also pair up with other non-profit organization to reach their target audience and expand the company. In the past, they teamed up with charity: water and this increased brand awareness while also boosting revenue for both companies. Threats: Some threats include other established non-profit organizations, as well as other shoe companies. Another threat could be the potential for the demand for TOMS shoes to be really high and for the supply to not be the same, or for the quality of shoe to decline. In addition, TOMS could have the potential to lose its audience interest in their social media tactics if they do not actively update their social media with interesting and engaging information. TOMS, like any other organization, is going to be forced to be innovative with social media tactics. If social media changes in the upcoming years and starts to cost money, the company’s media efforts would deplete the company’s revenue. The biggest threat to TOMS is if nobody buys the shoes anymore or loses interest in the shoes, children in third world countries won’t receive any shoes from TOMS. CONCLUSIONLessons Learned: Our group learned that the social media efforts of TOMS Shoes are the foundation of the company. There is little to no advertising efforts outside of Twitter, Facebook or primary social networking sites. This is because TOMS Shoes did not adapt to a new social media marketing strategy like other competing companies, but rather grew with it. In 2006, both TOMS and Twitter were created and hence cohesion of the two campaign efforts created one of the most thriving, low-budget advertising strategies of the 21st century. Occasionally, TOMS promotes a few Youtube videos to endorse events, such as One Day Without Shoes. Videos are also used to serve as informative features on the history and background of TOMS, however, no traditional advertising or marketing efforts. Recommended Actions: Tweet/Facebook about locations to buy TOMS (not just from website) Now that the company is evolving, they could use a little of their money (from extra donations, etc.) to make extra advertisements of some sort—not just social media tactics Get campus representatives to create local Twitter accounts for TOMS (where they are sold, activities, shoe drives, projects, etc.) Make a “Click to Donate” section on Facebook sites (some people would be willing to donate, but don’t like the shoes, therefore engaging other audiences) Reach out to specific potential target markets for advertising efforts (special events, etc.) Create more videos with celebrities that buy or give to TOMS Shoes (enable credibility) Make a viral video with a specific theme (funny, ironic, emotional, etc.) Promote TOMS events, such as the One Day Without Shoes campaigns, through specific local Twitter accounts to keep participants or followers updated through real-time live feeds Create a TOMS Shoes store/factory tour to engage customers in the original thought process of TOMS creator, Blake Mycoskie Sell TOMS at environmentally-friendly stores, such as Whole Foods, that target similar audiences Introduce TOMS brand to shoe boutiques across the U.S. (not just outdoor and sporting stores) Create a “Track Your Shoes” app for TOMS to know the destination of your donated pair of shoes to make a more personal connection between the buyer and the recipient