Showing posts with label Media. Show all posts
Showing posts with label Media. Show all posts

Sunday, December 6, 2015

Updates || Cheena Pasrija || IIM Shillong || November 2015 edition



BRAND LAUNCH


Brand Medimix to be launched in Sri Lanka 

FMCG player Cholayil Private Ltd today declared dispatch of Medimix cleansers in Sri Lanka. Chennai-headquartered organization’s items are presently accessible in 26 abroad countries, other than the Indian business sector. Pradeep Cholayil, managing director, Cholayil P Ltd said Sri Lanka expansion is part of company’s overall strategy to expand Medimix brand in international markets.



Hyundai to launch Genesis- the new Global luxury brand for the Company

The Hyundai Motor Company has declared an all-new worldwide extravagance brand – Genesis – that will convey ‘human-focused’ extravagance through a scope of new models that element “the most astounding gauges of execution, design and innovation”. Genesis will look to create a new meaning of luxury, that will provide a nuave platform for future mobility centered around people. By anticipating human needs at every touch point, Genesis models will embody four key aspects: human-focused innovation, refined and balanced performance, athletic elegance in design and hassle-free customer experience” says Hyundai.

BRAND WATCH


Study shows Amul as the most meaningful brand in India

According to the study conducted by Havas Media, Amul has emerged as the most meaningful brand in the country. The other players in the race were Cadbury, Google, Britannia, Life Insurance Corporation (LIC), Microsoft, Intel, HP, Parle and Samsung. Globally Samsung, Google and
Nestle emerged as the top rankers.



Disney looking forward to building a Brand in India

After a not so great start in the country, Disney India which a part of the American conglomerate Walt Disney Co. has a slew of movies lined up for the year 2016. The films have big names like Aamir Khan, Ranbir Kapoor and Ashutosh Gowarikar attached to it and it is estimated that these 3 films alone are riding 450 crore on its shoulders. The Walt Disney Co., which set foot in India in 2004, additionally has a vicinity in the Indian market through its auxiliary, UTV Motion Pictures. Disney even has a controlling stake in UTV
Motion Pictures.


MEDIA


Media should be blamed for Modi shaming India in London


Prime Minister Narendra Modi faced some sharp questions at a press conference in London, which were quite different from those he is used to being asked in India. The way our anchors gush over Modi on Social Media, one can’t even point the finger at him for not tending to a solitary question and answer session after expecting office. Both online and offline, our standard media straightforwardly derided those giving back their honors. Most recently, some of the big names of Media have been exposed. Its high time our media stops showing larger than life picture and starts asking pertinent questions to the Prime Minister so that the country does not have to feel the shame ever again.

AD WATCH


HARLEY-DAVIDSON - Inner Child


Harley Davidson has come up with an extremely powerful advertisement that highlights the internal freedom and innocence of a human being. It showcases the journey of a man to meet his inner child. The concluding tagline sums it all: - “Whatever is in you, is out there.”

Youtube link: https://www.youtube.com/watch?v=X1NYIYd54JQ

Monday, November 23, 2015

Updates || Cheena Pasrija || IIM Shillong || September October 2015 edition



BRAND LAUNCH


Maruti Suzuki is all set to launch hatchback Baleno next week 

Maruti Suzuki will be coming up with the all new Baleno which will be exported to around 100 countries as a made-in-India car. The production of the previous model of Baleno was stopped by Baleno a few years back, now they are extremely upbeat about the new launch. Stating that the premium hatchback segment was growing at a rate of 20 per cent year-on-year, the company would sell Baleno as the second product from Nexa outlet 


Apple launches iPhone 6S, 6S Plus in India

Apple has launched iPhone 6S and 6S plus which have been Apple’s fastest roll out in India. It is the
first time that the phone is available in the Indian markets after just a month passed when it was launched in USA. The iPhone 6S will be available at INR 62,000 for the 16GB version, INR 72,000 for the 64GB version, and INR 82,000 for the 128GB storage variant. The iPhone 6S Plus has been priced at INR 72,000 for the 16GB version, INR 82,000 for the 64GB version, and INR 92,000 for the 128GB variant.


BRAND WATCH


New OOH campaign of Times Card eyes Mumbai Metro’s on-the-go consumers 

What can be better for a marketer than grabbing 32 million unique eye-balls in a month for an advertisement? This is the kind of reach Mumbai metro promises to have which has made all the brands go gaga over the prospects. Times Card has recently launched its “Do more of what you love” OOH campaign with the Mumbai metro. The campaign is in association with HDFC and aims to match up with the demands of the new age urban consumer segment 

Brands of Desire enters into strategic partnership with Brand Dialogue 

Indian brand consultancy firm Brands of Desire has inked into a strategic tie up with the Dutch brand
Consultancy firm Brand Dialogue and have combined their operations and will be together working for a long term to provide end to end branding solutions. Brand Dialogue will act as a separate company and will work towards improving the understanding of creative industries in Europe and India 


MEDIA


Indian media, entertainment can be a $100 billion industry: CII

Indian media and entertainment industry can possibly log $100 billion (Rs.650,000 crore) turn over by 2025 given it gets sufficient base and government bolster, the Confederation of Indian Industry (CII) said recently. “With a growth potential of 13-16 percent year-on-year it has the potential to emerge as one of the largest employment providers, contributing significantly to the gross domestic product,” said the paper titled Vision 2020 Document on Media and Entertainment Sector.


BSE to trawl social media for information on listed companies

Leading bourse BSE will trawl the Social Media giants, including Twitter, for data identified with
recorded organizations as it hopes to venture up observation in the midst of stringent revelation administration. The move is to ensure that the investors can make proper decisions and gauge market sentiment through social media channels. The stringent disclosure regime has been put in place to curb instances of companies selectively leaking information, including through media and without informing the investors first, for illegal gains.

AD WATCH


NESCAFE Cartoonist AD 

The advertisement depicts how sometimes life gives a setback just to give one a chance to make it even bigger. An extremely poignant mood is set in the beginning but the end is really happy when the protagonist makes it big as a cartoonist. In short the advertisement conveys that we all have a dream, an ambition, which we work towards achieving. But life does not always go as planned. What kept the protagonist going was his cup of Nescafe. 

Youtube link: https://www.youtube.com/watch?v=GP_zdW6sl-k

Iphone 6 new AD

The advertisement depicts how sometimes life gives a setback just to give one a chance to make it
even bigger. An extremely poignant mood is set in the beginning but the end is really happy when the protagonist makes it big as a cartoonist. In short the advertisement conveys that we all have a dream, an ambition, which we work towards achieving. But life does not always go as planned. What kept the protagonist going was his cup of Nescafe. 

Youtube link: https://www.youtube.com/watch?v=GP_zdW6sl-k

Updates || Cheena Pasrija || IIM Shillong || August 2015 edition


BRAND LAUNCH

Reliance Brands to launch Japanese retailer Muji’s stores all across the country 

Reliance brands have entered a joint venture with Japan’s Ryohin Keikaku Co. Ltd. to enter the rapidly growing Indian market. The leading retailer under the Muji brand will open standalone stores across major cities across the nation. The range of products which will be covered are clothing, furniture, stationary, kitchen tools, beauty items and many more. 


Major liquor giant Constellation Brands to launch a new wine in India 

Prosecco will be the name of the new wine that is all set to hit the Indian market which is
being launched by the Global liquor firm Constellation Brands. The Indian wine market is expected to be one of the biggest wine markets in Asia in the next five years. As per Industry experts, a growing young urban population is definitely going to help reaching good sales in wine which is luring the brand to launch new product in India even though the high taxes are posing challenge.


BRAND WATCH

3 WPP Agencies chosen by Coca Cola for Its Global Ad Campaign 

Coca Cola has finalized the three agencies that will create their next global campaign after a total of 10 shops pitched their ideas earlier in the year. Coke has confirmed the names of three agencies which are Ogilvy New York, Madrid’s SRA Rushmore and Santo in Buenos Aires. The idea of the brand was to capture ideas from across the globe that will have an automatic connect with people from all geographies. 





Aéropostale partners with Arvind Lifestyle to enter the Indian market 

Major US brand Aeropostale is teaming up with Arvind Lifestyle to enter the rapidly growing
Indian market. The brand, popularly known as Aero is planning to come up with its first store in India in March next year. In all, the Company wants to open around 30 stores in India in the next three years and also want to be showcased at the e-commerce platform. India is a truly exciting retail market, driven by its growing economy and vibrant youth culture,” said Julian R Geiger, CEO of Aeropostale.



MEDIA

Unilever faces social media protest 

 Unilever is facing issues on all fronts now. Earlier the battlegrounds were bottom lines and shelf spaces but now they have a new threat, which might pose to be a bigger problem to them than the rest. Unilever was recently a target of social media ambush. The producer of Dove soaps and Surf washing powder – Unilver has been ambushed by a 28-year-old Indian rapper, Sofia Ashraf. She has released a video against Unilever which has gone viral on web. The video “Kodaikanal Won’t” raised the issue of the environment damage done by Unilver in Kodiakanal and calls on Unilever to “clean up your mess”. It has managed to get 2.7 million views online and a response from Paul Polman, Unilever’s chief executive. 


AD WATCH

Not everything needs to be stored digitally- Canon Printers 

Not all moments should be stored digitally, some of them are private and just for you. The
ad emphasizes on maintaining privacy by preferring print-outs over digital storage. It is short, funny and creates an impact which lasts. Canon, with this strategy, is not just promoting its product but the printing industry as a whole. 

YoutubE link: https://www.youtube.com/watch?v=Fmle8852VZ0

Friday, December 2, 2011

Markathon November 2011




Dear Readers,

Today’s world is cluttered with marketing messages which reach out to us no matter what we are doing. Media impacts us in more ways than we even realise at times. The Socio-cultural impact of Media has only been expounded by the rise of technology. Today, media is more powerful and far reaching than it was a decade or so ago.
Public voices are more prominent in the newer media forms and revolutions have taken shape using these platforms of communication. The scope of these media is wide and since they are immensely powerful, regulation is paramount.

Media and specifically the Press have always served as the Fourth Estate keeping a watchful eye over the functioning of the states. Media regulation has come into the picture because of the growing use of media in an often derogatory manner and also to further ulterior motives. The eternal question remains “Quis custodiet ipsos custodies?” the Latin phrase which translates to “Who will watch the watchmen?”

Our cover story for the month on “Media Regulation” aims to answer just that. We look at some forms of the media, and how they are regulated. The story also charts out how the need arose for such regulations in media and how the regulations differ across the different media platforms right from television to the Internet. The regulations also address false claims which companies make about products in their marketing communications. We hope you enjoy the story.

Our Vartalaap for this month is a tete-a-tete with Mr.Atul Sobti, who gave up a corporate career as the CEO & MD of Ranbaxy Laboratories and ventured into the world of Media. Mr.Atul Sobti founded Friday Gurgaon – weekly newspaper serving up local news for the residents of Gurgaon. We’re grateful to Mr.Sobti for his wonderful interview. Our academic Vartalaap for this month has Mr.Sudhir Voleti who is an Assistant Professor in the Marketing Department at the Indian School of Business. He talks to use about his work in the world of branding and Market Research.
We also have a refreshing article which talks about the sensation of this season “Why This Kolaveri Di”, which is arguably the biggest viral hit ever on Indian Media. The number of views this video has amassed keeps growing exponentially every second.

Team Markathon has dissected its success from a marketing point of view and analysed what the song and the video got right. We are sure you will enjoy this article a lot. Team Markathon is also proud to welcome on board the magazine team for 2011-2013 comprising of G S N Aditya, Piyush Agarwal, Mayur Jain, Sowmya R, Swati Nidiganti and Umang Kulshreshtha. In the design team, we have Priya Agrawal and Rushika Sabnis. We are sure they will ensure the magazine keeps scaling new heights.

Sit back and enjoy this edition!
Jitesh

Wednesday, January 12, 2011

Captive Audience Networks

Kumudini Manda & Krishnakant Jonnalagadda | NMIMS

Captive Audience Networks

Catching the ephemeral attention!!!


Rita was telling her friends in a kitty party about the new spa that has opened up in an area in Mumbai. She went on to the extent of telling them the packages available, the timings and other branches of the spa. Ask her how she came to know about the new spa, and out came the answer, ‘at my dentist’s office’.

Everybody in the room was bowled over by the answer and all the ladies surrounded Rita to know her story from which came the revelation of Rita spotting not only the new spa but also the offers in a supermarket close by and the investment options in the bank across the street. Rita was witness to the entire show on a single screen at the dentist while waiting her turn to see the dentist and get her root canal done. And thus the likes of Rita are increasingly becoming spectators to the concept of Captive Audience Networks (CAN).

The new ‘CAN’oe of modern marketing

It is one of the fastest picking up trends in the marketing arena. The real beauty of the medium lies in the gamut of players who can throw their hat in the arena. So, it shouldn’t be surprising if we see Costa Coffee letting people know its newest menu, HCL announcing new hires, Asian Heart Institute showing off its latest infrastructure or AXA insurance giving tips on investments one after the other. Seeing this great potential, no one is staying behind in exploiting the latest proposition to market themselves.

With the advent of cable, viewers were spread thinner across more stations and they would skip commercials altogether. Add on the burgeoning trend of outgoing population in urban areas. Thus, Television Advertising may not necessarily suffice. One of the reasons for this can be the fact that with tooth sweating competition in every sector, creating a strong “pull” strategy only via television is a difficult proposition. The trend of Out of Home digital media is a product of this vacuum. It facilitates a much stronger recall which helps to lead the customer to the Point of Purchase. The idea of “place-based” media networks is highly compelling to advertisers – because a network could deliver a captive audience such as at a doctor’s office or auto repair facility, mall, hotels etc.

Captive Audience Network, or more aptly the out of home media is catching up fast with marketers who find it a combination of two things that make it a great deal. One is the power of television, the other is the increasing need to be targeted in your communication spend.

Out of Home Media is increasingly being looked at as a premium medium which reaches out to the 'difficult-to-reach' and SEC A consumers wherever they are, thus offering the advertiser an all day primetime.

In fact, the service providers claim that what they provide is an opportunity for advertiser brands and intelligent consumers to come together in an environment where there is a common interest. It could include anything from product placement, sponsorship of editorial items and the chance for advertisers to provide an expert spokesperson to contribute to one of the editorial items.

CAN, as it is more often called, was found to enhance the image of participating retailers and the mall in consumers' minds and there was a general consensus that it created a sense of modernity. It has also brought the brand to life by creating a platform for not only advertising but also generating a need to educate. It has gone beyond the traditional boundaries of spot advertising and works with the agency and client to come up with innovative ways

The Current ‘CAN’vas

There are plenty of territories that are already being conquered, in railway stations and airports, gyms, cinemas, hospitals, hotels and conference centres. There are largely unexplored, markets in schools and universities, in libraries and museums, military bases, police stations, historic attractions and amusement parks and many more.

With a varied user base, where one size cannot fit all, there is scope for a much wider range of solutions and approaches. There is room for everyone from the vendor of tiny shelf-edge displays for the supermarket to the supplier of huge video walls at football grounds, from the producer of five-minute mini-documentaries to the designer of static digital posters. It is a highly cost effective medium to implement as the entire package of software, hardware installation and running costs are covered within a sum of the range 1.5-3 lakhs.

As mentioned above, the main appeal of a CAN is that it enables retailers to target shoppers close to the point of purchase, where the buying decision can be influenced. It also offers a potential additional revenue stream, with the mall's retail tenants providing a ready-made pool of potential advertisers. A newspaper or radio or TV, needs some sort of customer involvement. With CAN ads, all they have to do is walk in and they are involved.

The Rising ‘CAN’didates

The world of marketing has a pace and the slick style of change which can put even the Alfred Hitchcock books to extreme anxiety. Any new trend that germinates sees multiple gardeners watering the seeds to reap the best fruits. Captive Audience Networks’ potential is widely recognized and accepted. WalMart’s revenue figures of over a $100 million based on leveraging this medium is a strong enough indicator to show its potential. The Indian CAN market is still in its salad days. Few of the main players, who are ready with their forks, if not daggers, are:

Live Media:

One of the heavyweights of CAN in India is Live Media. With an expansive network covering over 300 Quick Service Restaurants, 300 BPO’s, 100 Corporate Offices, 200 Hospitals, 40 Rural Retail hubs, live media has certainly been able to hold its own. It has been able to rope in outlet locations in the form of esteemed clients like McDonalds, Dominos, DLF Diners, Convergys, Genpact, Fortis Healthworld, ITC Choupal, Hariyali etc. This wide spectrum of outlets gives them a huge footfall which in turn is a lucrative proposition to drive in more advertisers.

It claims to hold a special positioning because of its ability to undergo the installation process after extensive research so that the consumer psychographics and the location’s local flavour, both are amalgamated. This ensures that the issue of visibility is successful and simultaneously does not come across as the fifth wheel in the ambience of the outlet. This customised approach is one of their strong footholds over the competitors. With a range of around 13 in-house branded programs, Live Media intends to provide wholesome entertainment to the audience, apart from a platform of advertising. This, they believe, is necessary because the idea is to make the taxing phase of wait more pleasant and captivate the attention of the viewers for that period. The attention span varies from outlet to outlet as well. One can expect a more attentive viewer at a dentist’s waiting room than at a retail outlet. Thus, it is important to ensure that the programs are ably customized and not too elaborate in the manner of expression.

Ooh Media:

Another bellwether in this segment, Ooh Media, spans across a whopping 18 cities with more than 4500 screens and accessibility to over 70 million people in a month. They cater to

. (Photo courtesy: Ooh official website)

more than 300 clients belonging to sectors of Telecom, FMCG, Consumer Durables, Media & Entertainment, Travel & Tourism etc. They believe their USP lies in providing ‘flexicasting’, a tool they use to telecast the brand communication message varying according to the local flavour of the market. This interesting phenomenon of local market, gives them an edge over the competitors as local marketing is a strong order of the day and flexicasting is a brilliant medium to tap this aspect. The adjacent Wheel sums up their entire model lucidly.

Ooh media takes immense pride in the fact that their customer base has a non pareil appeal to it. Their customers are the opinion leaders, decision makers and wealth creators. Such customers have a major role to play in expanding the purview of Word of Mouth Publicity.

Apart from these two major players, there are other emerging players like Digital Signage Network, TAG Media, Laqshya Digital media, Nec India etc. whose foray into this segment has made the battleground extremely hot for the marketers.

‘CAN’ they or ‘CAN’t they??

So is this buzz about CAN for real or is it just another passé trend that would die down even before it can breathe in completely? When it comes to the CAN sector, expanding the user base can only be a good thing for the sector. It grows the market for screen-media products and services in terms of sheer size and also reduces the sector's vulnerability to changing fortunes, or business models, or marketing philosophies among its customers.

Statistics clearly indicate that this trend is here to stay. A nationwide survey conducted by Ooh Media in association with research firm Neilsen, revealed interesting results that the screens had a recall value of over 70% and 90% people recalled the ads they saw on those screens. A city like Mumbai enjoys a weekly traffic count of around 25 lakhs, which is a very strong number for any marketer to cater to. Thus, neglecting this rising segment would be like living in a fool’s paradise. There are a few challenges that this network offers which has to be taken into consideration-

The Return of the Silence Era

“Alam Ara” marks its recognition as the first talking movie of Hindi Cinema. The silence was finally broken and the celluloid burst out with dialogues and the power of sound. But the wheel seems to have taken a reverse turn and now we see ourselves standing on the same pavement again. Be it Tom & Jerry or blockbusters like Wall-E, silent media has always been an intriguing medium to explore. In the era of talking ads in Print media, we welcome you to the world of Silent Ads. CAN has recreated this new paradigm of advertising. So many times when we drop in at a coffee place or a pizza joint, we see the silent ads on this digital media, which goes down well because it is not intrusive at all, but still grabs eye balls because of the interesting graphics.

This smart ploy is a challenge for both the marketers as well as the creative intelligentsia of the advertising agencies. After all, every opportunity comes with an asterisk.

The ‘Yin-Yang’ leads to the Big Bang

With CAN, a marketer can find no limit to his creativity. One of the most ground breaking ways to arrest a customer’s attention was in using a woman's voice in the men's room and vice versa. There are many brands that prefer this medium of advertising in restrooms as with its getting noticed much more, it also helps you target on gender basis. It can also be applied in the in-house stores wherein the offers about men’s segment are displayed in the women’s section and vice versa. This leads to a better probability for the customer to hit the other end of the store, which might otherwise be conveniently ignored.

This innovative idea and tackling the challenges should ensure that the canvas of CAN has flying colours to boast of.

The ‘CAN’oe’s future

The future looks bright and sunny for this media to grow, subject to condition the medium stays flexible and fluid rather than succumbing to stagnation. It should not fall prey to complacency seeing the current trend reports. It needs to come up with innovative ways to make the product in sync with the changing times. Few possible ways of doing this can be

- They need to make the medium more interactive. With the growing trend of Wi-Fi availability in the outlets that CAN targets, a more interactive setup would attract more attention.

- Although it is primarily an Out of home phenomenon, a rational expansion would be to tap the DTH market. They should come across as a Value Added Service for a DTH provider. Their functionality would be a one stop junction for all local advertisements, event promotions etc.

- The Rural markets can provide great impetus to this service. The companies can use this medium to promote their BTL activities, setup kiosks with 24*7 telecast of the benefits of the service the companies offer rather than brazen selling.

It is important to keep this model fresh and rejuvenate it with the changing times. The reason is that it is a medium which is catering to the attention span of the people on the move. Thus, the execution has to be highly precise.

“The greatest enemy of a good plan is the dream of a perfect plan”, said Carl Von Clausewitz. Nothing can be closer to truth than this. It is important to understand that every new medium would meet resistance and would take time to gel with the status quo. At the end of the day, it is the people who drive the market. If you know your customers, you know that the cash sitting in the bank would have a visit from their relatives soon.

Tuesday, December 7, 2010

Social Media Marketing



Shailendra | IIMK


Social Media Marketing: The Latest Buzz

Introduction
Wikipedia defines social media as a media for social interaction using highly accessible and scalable publishing techniques. Social media makes use of internet technologies to enable dialogue among the users. Social media marketing has gained relevance over the past few years due to the increasing popularity of social networking sites like Facebook, Orkut and Twitter.
Internet penetration over the past few years has enabled social media sites to witness exponential growth. The number of internet users in India is 81 million i.e. 7.1 percent. This is low as compared to the penetration of TV (59%) in India. But the increasing competition in the telecommunications field will ensure that high speed broadband connections are available at low rates. The average amount of time spent on social networking sites is 1 hour per day, a large part of which is spent on Facebook and YouTube. This huge amount of time spent by a consumer presents enormous opportunity for marketers to target them.
How is it different from traditional media?
There are some basic differences between social media and traditional media.
• Social media is centered on communities where users share their opinion and gain others perspective unlike traditional media where the company sends unidirectional messages to the audience.
• Social requires the consent of the user and is more acceptable as compared to traditional media which infiltrates the personal space of a person.
• Social media is basically shared media where brands can simulate discussions at regular intervals but the final result of the discussion can have either positive or negative impact on the brand.
• Social media is long term commitment of the brand whereas traditional media like television commercial is short term.
Traditional media is preferred because of the reach of the medium. The viewership of television is much higher than internet penetration in India. It can be used to reach a large medium at the same time. The marketers are more familiar with the marketing strategy of traditional media. All of them are not comfortable with social media like Facebook, Orkut etc. The measurement standards in traditional media are well developed (E.g. TRPs) as compared to social media which is a new field and doesn’t have any such standards.
Social media scores in targeting the message to the right audience. It enables you to focus on your target segment instead of broadcasting the message to mass audience. The media lays emphasis on engagement with the customer and builds a relationship which is long lasting. The measurement tools are new but sophisticated as compared to traditional media. For e.g. Google analytics can be used to determine web traffic to a site and analyze it to improve the website. The cost involved in social media campaign is low as compared to traditional media.
Different Social Media Tools
A number of social media tools are available for the marketers to leverage upon. Popular among these are social networking sites, blogs, video sharing websites, discussion boards etc. Social networking sites like Facebook, Orkut and Twitter are gaining popularity among marketers. Facebook can be used for creating fan page of brand or displaying ads according to the interests of the customer. Dell has been using twitter to take order online and listen to complaints of customers. Professional social networking sites like LinkedIn are used by HR professionals to find prospective employees or invite people from different places for meet-ups. Video sharing websites like YouTube are used by companies to start their own dedicated channels to attract audience to a single place. YouTube is also exploring the option of live streaming sports events and product launches. Sunsilk gangofgirls.com and Nokia planetkerakhwale.com are examples of companies creating discussion forums for members to share and discuss issues which matter the most to them. These are some of the social media tools and their use by brands.
Success Stories
The key reason for success of social media is that people want to communicate with people not brands. That is the reason why celebrities like Gul Panag, Shashi Tharoor and businessmen like Anand Mahindra gained such huge popularity in the social media domain. Pepsi has achieved huge success by its Pepsi Refresh Campaign where the company invited ideas to change the world. The ideas belonged to the following categories: health, arts & culture, food & shelter, the planet, neighborhoods and education. People were asked to vote for the best ideas in each of the categories. Since the ideas were for the benefit of the society in large, the campaign gained huge popularity among the masses and attracted a huge audience. It created a lot of goodwill for the company and can be termed as a success. The campaign is still continuing and is doing wonders for the company.
Barrack Obama’s online campaign was another success story of social media marketing. An emailing list of 13 million members was formed which helped in communicating the agenda of the campaign and other important information. The mails also urged members to donate nominal money for the campaign if they could. The website MyBarrackObama.com had 8.5 million visitors per month at its peak time. Pictures and videos were regularly posted on the website. The success of the emails was tracked to ensure proper impact on the members like keeping the subject line appropriate. The campaign was open and transparent and allowed people to express their opinion rather than censor comments. The online campaign was instrumental in ensuring the win of Barrack Obama.
Failures
Social media can also have negative impact of the brand image. Nestle and Domino’s Pizza are perfect examples of how social media can wreak havoc on a brand.
Nestle acted offensively to the comments of some fans on its Facebook page. The page administrators ridiculed the customers and ordered them to follow the page rules. This created a bad image of the brand and it took a lot of effort from the company to revamp its image.
In case of Domino’s Pizza, a video prank by two employees posted on YouTube made the customers to believe that the food prepared there was not hygienic. The company had to apologize in public for the mistake committed by its employees. It opened the kitchens for the customers to visit at any time and see the sandwich making process to regain customer confidence.
The Way Ahead
The future of social media marketing looks bright. The increasing number of cellphones in the country can act as another platform for social media sites. Cellphones can enable location based services like finding a restaurant in a new city, determining road routes etc. Cellphones can be used for social media websites which provide multiplayer games like ibibo.com.
Social media can be helpful in co-creation. Facebook is a perfect example of how a social networking website can act as a platform for developers to collaborate and create new applications. Brands can invite ideas from the customers for new products and then determine the popularity of these ideas based on voting. The top ideas can be implemented to see the results. Levi’s jeans did a similar experiment with women’s jeans category. The top entries when produced on larger scale were well received by the customers and replaced the traditional designs of the company.
Social media can be a powerful medium to implement e-governance. Some organizations are already experimenting with Facebook-like applications on enterprise level to encourage interaction among the employees and increase productivity. The state and central government departments should provide a platform for citizens to voice their concerns. This will increase the accountability of these departments and increase transparency.
Social media is here to stay as marketing shifts from consumer-targeted to consumer-centric. In the future, the spending on social media will increase and brands will make extra effort to engage with their customers. Social media will help in creating products which are more relevant to the customers and are accepted by the masses. It will change the way marketing is done in a positive manner.