After reading the article “Can You Measure the ROI of You
Social Media Marketing?” http://labarce.files.wordpress.com/2010/10/mit.pdf
, it became apparent to me just how much companies can gain from social media
marketing. When using social media sites such as twitter and facebook, and
reading different blogs, I do not feel aware of the marketing going on
throughout the sites. However, of course, every time a brand is mentioned, that
is yet another instance of raising brand awareness. Word of mouth has always been a positive way
for a company to get their product known and ultimately social media sites do
exactly the same thing, just on a much larger scale.
But how do companies make their social media marketing so
effective?
Unlike traditional word of mouth, company managers can
dictate who can and cannot post a review on their social media pages. This can
therefore reduce bad reviews in direct relation to the product. By exercising managerial
control, companies can also ensure the ‘right’ people are associated to their
product. Also by ensuring the company’s social media exposure is constantly
updated and evolving will keep people interested and returning to their sites.
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