Professional Documents
Culture Documents
Project Report
(Submitted for the Degree of Bachelor of Business Administration under the University
of Calcutta)
Submitted by
Name of the Candidate: Megha Karwa
Registration No.: 017-2211-3505-18
Name of the College: The Bhawanipur Education Society College
C.U Roll No.: 017-BBAS-18-1-0016
Supervised by
Name of the Supervisor: CM Sir
Name of the College: The Bhawanipur Education Society College
I take this opportunity to thanks our respected Director General Sir PROF (DR)
Suman Mukherjee for giving me an opportunity to work on this field.
I am eagerly grateful to our Head of the Department PROF (DR) Tridib Sengupta
without whom this project would not have been successful one.
I am very thankful to my Supervisor PROF Jayjit Chakraborty for her full support in
completing this project work.
Finally, I am gratefully acknowledge the support of my family who had given me full
support and co-operated with me to carry out these research work and help with me
for the project work.
MEGHA KARWA
THE BHAWANIPUR EDUCATION SOCIETY COLLEGE
BBA SEMESTER IV 2020-21
Supervisor’s Certificate
I hereby declare that the Project Work with the title (in block letters)
I also declare that no chapter of this manuscript in whole or in part has been incorporated
in this report from any earlier work done by others or by me. However, extracts of any
literature which has been used for this report has been duly acknowledged providing
details of such literature in the references.
Place: BIRATNAGAR
Date: 31/07/2021
TABLE OF CONTENTS
Nearly 3 billion people around the world could access the internet in 2014 and
conduct 1.2 trillion searches on Google per year worldwide. The number is
continuously growing with the record of 200 billion tweets are tweeted on
Twitter per year.
These figures illustrate the fact that the internet has become a part of our life
and it is true with accompanying products such as search engines like Google,
Bing, etc., social media from Twitter to Facebook and blogs. People spend time
on the internet communicating, studying, entertaining, and even shopping. It is
not wrong to conclude that we are surrounded by all types of online content
and these definitely have affected our buying decision-making process. As the
result of that, we have “Real-time Content Marketing” which is an evolved
version of “Content Marketing” but it allows the marketer to reach out and
communicate with the always-on consumers through search marketing and
social media in time.
Currently, the term “Real-time Content Marketing” has been coined as a
trendy topic following the booming of the internet (Bancroft, 2015). On the
word of Bancroft (2015), “real-time” or “being present” was emphasized as the
future of content marketing landscape, which captures the attention of
marketers widely. It also showed that a majority of marketers are trying to
develop a good content marketing strategy which allows them to interact in
time when the internet users need. However, the concept of real-time content
marketing cannot be conceived in one day. Therefore, the research is
undertaken in order to gain more knowledge in how to create a valuable real-
time content marketing plan and how to measure the impact of real-time
content marketing.
Nowadays, the strategy your business uses to find its target public is
completely different from a few decades ago. Content Marketing has become
one of the digital era’s most effective techniques in terms of finding potential
clients and retaining the ones that have already bought something.
Content Marketing is not only used to attract interested people towards your
brand’s proposals, but it is also the best way to transmit your business’s
identity and values while enabling you to secure a spot in these people’s daily
lives through the use of Social Networks.
According to San Diego University, “Content Marketing refers to the process of
creating and distributing relevant and valuable content to attract, acquire and
build customer loyalty among a clearly defined audience with the goal of
generating profitable actions among consumers”. Furthermore, specialists
point out that in order to attain said objectives, its fundamental to work with
well-developed and quality content. Meanwhile and due to Content
Marketing’s cultural contribution, the Harvard Business Review has indicated
that we are in “The Age of Corporate Enlightenment”.
Experts explain that through such medium: “Nine out of ten companies work
with Content Marketing -which is, they go beyond traditional sales techniques
and instead they promote brands through the publication or diffusion of
information, ideas and entertainment that is valued by the consumer”.
They also indicate that “Successful Content Marketing has radicalized the way
in which companies communicate. For innovative brands, a “winning” Tumblr
carries a significant impact; hashtag campaigns have become just as compelling
as slogans (…)”.
Thus, the Harvard Business Review has arrived at the following conclusion:
“The Content Marketing revolution (…) marks an important new chapter in
commercial communications history: the corporate enlightenment era”.
Why Content Marketing Is Important?
Great content shows your consumers that they deserve more. Your customers
appreciate it, and it shows - the Content Marketing Institute reports that
content marketing is responsible for three times the leads as outbound
marketing. Besides the higher conversion rates and 7.8-fold boost in online
traffic, you’re receiving consumers that are happier and more excited for your
product.
Content marketing is important because it focuses on your customer - not your
selling objectives. Content is changing the conversation between brand and
consumer, whether that is whitepapers or eBooks, videos or online reputation
management.
Major brands have definitely become cheerleaders of content marketing -
Cisco, for example, brought on 200 marketers in 2015. They have a content
hub called The Network, which features a monthly magazine, live Facebook
videos, frequent blog posts on tech news, and bios of Millennials and Cisco’s
leadership.
Nike evolved from just a sports brand to a way of life. Sephora created a
beauty community that invites everyone to participate in education,
empowering, engagement content.
What have these brands pioneered? A conversation focused more on the
consumer, more on the content, rather than on the products themselves. And
it’s paid off - these brands have become more than just a big company; they’ve
become a staple in our culture.
Literature Review
The term ‘content marketing’ coined by Palazzi (2010) from the Content
Marketing Institute (CMI), is not new but it is still evolving. Defining content
marketing has been challenging as its meaning changes depending on the
context. Marketers are increasingly adopting content marketing to replace
interruptive advertising and to attract more attention to the brand (Du Plessis
2015; Zaha 2014). Content marketing is ideal as it uses unobtrusive pulling and
not pushing techniques to attract consumers to brand content (Liu & Huang
2015). It furthermore implements theories of marketing communications,
integrated marketing communication and relationship marketing (Cronin
2016:88). However, unlike promoting products or services, content marketing
is a branding method that creates and distributes relevant and valuable brand
content to entice and involve the target audience. Practitioners create and
share brand stories online to make the target audience more familiar with the
brand (Bridger 2013:6). Content marketing is often seen as resembling
publishing, native advertising, inbound marketing and storytelling (Du Plessis
2015; Holliman & Rowley 2014:270).
Numerous definitions of content marketing abound but thus far the CMI’s
definition of content marketing is still very popular which defines it as:
the marketing and business process for creating and distributing relevant and
valuable content to attract, acquire, and engage a clearly defined and
understood target audience – with the objective of driving profitable customer
action. (Palazzi 2012a)
However, content marketing has gradually expanded beyond this definition
with scholars such as Du Plessis (2015) and Paderaite and Repoviene (2016)
acknowledging the complexities of the content marketing process which
should be carefully managed. Palazzi’s (2012b:118) argument that authentic
brand stories are the main focus of content marketing is supported as the
theoretical lens through which content marketing is viewed for this study.
More recent studies about content marketing have approached it, among
others, from angles such as business-to-business strategy (Holliman & Rowley
2014), brand engagement (Vivero 2016), company branding (Koljonen 2016),
its fundamentals (Du Plessis 2015), practical performance (Arhammar 2014),
online marketing strategy (Augustin 2014), as a new trend in marketing
practice (Wong & Kee 2015), customer satisfaction (Andaç, Akbiyik & Karkar
2016), optimisation (Kose et al. 2016), digital channels (Banjo 2013),
opportunities and challenges (Salojärvi 2016) and search advertisement
effectiveness (Pazeraite & Repoviene 2016). Although these studies consider
social media as a tool that supplements a content marketing strategy, to the
researcher’s knowledge no study has specifically looked at content marketing’s
role in social media content communities to engage with the target audience in
a more natural manner. Because content marketing follows and practices a
‘consumer-centred philosophy’ (Kuş 2016:47), social media content
communities allow for conversations around content, which a brand could use
to resolve concerns, while the community members could also assist each
other through user-generated content. In addition, more storytelling
opportunities could connect consumers with the brand on a deeper emotional
level. In this regard, Du Plessis (2015) argues that content marketing mirrors
the natural occurrence and unobtrusiveness of content in private online media
spaces while natural messages also add more warmth and a familiar brand
voice in social media.
Much previous work has focused on describing virtual brand communities via
social media, websites and blogs, in addition to reasons why consumers join
them. Seminal work by Muniz (2001) defines a brand community as a:
specialized, non-geographically bound community, based on a structured set
of social relationships among admirers of a brand. It is specialized because at
its centre is a branded good or service. (p. 142)
A study by Laroche et al. (2012) indicates that consumers join brand
communities for various reasons which could benefit the brand in the long
term. Consumers not only identify themselves with the brand, they also depict
how they want to be identified by others in the same community. Being part of
a community also enhances feelings of community which increases brand
loyalty. In addition, some consumers search for content, opinions and advice
while others do surveillance and want to exchange information (Muntinga,
Moorman & Smit 2011:16–17).
In another study Zhou et al. (2012) found that a sense of community leads to
an emotional connection with the brand as consumers identify with it. A
company should therefore strategically and continuously nurture relations
within a brand community.
However, the evolvement of social media also gave rise to social media
content communities where users consume, generate and share multimedia
content on blogs, social bookmarking sites, and photo and video sharing
communities because of a need for interest-driven participation (Thompson
2011:463). Some of the most popular content communities are currently
focused on videos (YouTube), photos (Instagram and Flickr), bookmarking
(del.icio.us), presentations (SlideShare) and audio (post casts) (audio) (Content
communities n.d.). Various community-driven question-and-answer portals,
such as Quora and Yahoo Answers, also provide an alternative to finding
answers without search engine searches but are not the focus of the study
(Agichtein et al. 2008). Research by Chi (2011:51) indicates that users are more
accepting of conversations in social media communities than advertising, as
they are less intrusive. Social media has thus changed communities in that they
are no longer only collected around a brand but also around social content
interactions among the community members. Brands need to sustain these
conversations with relevant and compelling content as part of a content
strategy without interrupting the conversations. To engage consumers in a
social media content community the content strategy should focus on
identifying the type of content that would be interesting and relevant by
understanding the target audience (Chauhan & Pillai 2013:41). Consumers
view brand content in their newsfeeds and choose to like, share or comment
on them, which is a form of electronic word-of-mouth (eWOM). Research
indicates that users engage most with brand posts that are consistent,
interactive and vivid (Tafesse 2015:937). Engagement is a multi-dimensional
concept, and various perspectives about what it entails are evident across
different academic disciplines. Within the context of this study and building
relationships, consumer engagement is defined by Van Doorn et al. (2010:254)
as ‘customers’ behavioural manifestations that have a brand or firm focus,
beyond purchase, resulting from motivational drivers.
This behaviour is reflected in, among others, eWOM activity,
recommendations, writing reviews, blogging and helping others. Online
consumer-to-consumer interactions (eWOM) amplify reach and impact, while
user-generated content reflect how engaged they are by interacting, sharing,
uploading and creating content (Muntinga et al. 2011:16). However, Noble,
Noble and Adjei (2012:476) warn about brands losing control and the
possibility of negative eWOM in online social media communities, which
should be carefully managed and responded to.
Because of the unobtrusive nature of content marketing, social media content
communities could allow for non-promotional information and interactions
around a topic, which highlights the brand as a thought leader while gaining
insight into the target audience. At the same time, a group of brand advocates
could increase eWOM and thus engagement. A content community also
provides both users and a brand the ideal opportunity to tell a story. The
company could create content that humanises its brand and connects with the
target audience by showing an understanding of their needs and problems.
Similarly, users could co-create a story that reinforces a favourable perception
of the brand (Johnston 2017).
Research Methodology
1. Data is raw, unorganized facts that need to be processed. Data can be
something simple and seemingly random and useless until it is
organized. When data is processed, organized, structured or presented
in a given context so as to make it useful, it is called information.
2. 2. The Research Methodology that has been adopted is a mixture of
qualitative and quantitative research. Qualitative Research are those
kind of research which consist of non scaled data, when we are
structuring a person’s attribute, personality, behavioral traits which
can’t be scaled that provide a person understanding about any incident
or product. A quantitative research consist of scaled data which can be
changed, structured, processed and can be converted into validated
information.
The scaling technique that has been adopted is a combination of
parametric and non parametric scaling techniques. Parametric Scaling
Techniques consists of nominal and ordinal scale and non parametric
scaling technique consist of interval and ratio scale. In this project only
nominal, ordinal and internal scale has been used along with likert scale.
In this project the research design that has implemented and framed is a
combination of exploratory and descriptive research design. We are not
using causal research design because we are not framing any cause and
effect relationship.
It is an exploratory research design because in some horizons we are
exploring unknown problems and trying to figure out the solutions. It is
also a descriptive research because we are describing some of the
known problems for a better understanding and to get accurate and
noise free results.
1. SAMPLE SIZE - 70
2. STATISTICAL TOOLS - pie chart
3. STATISTICAL SOFTWARE- Ms Excel, Ms Word
The questionnaire that has been used is a combination of open ended
and close ended questionnaire.
DATA ANALYSIS AND FINDINGS
1. AGE
2. Gender
INTERPRETATION : The above survey clearly shows that 43.5% are male and
55.6% are female.
3. What content format do you prefer when researching something new?
INTERPRETATION : The above survey shows that 69.4% people prefer videos
and 21% people prefer blog posts when researching something new.
6. Based on your day to day workload, do you MAKE time to keep up with
the latest information on product/service category?
INTERPRETATION : The above survey shows that 69% people MAKE time
to keep up with the latest information on product/service category.
While 31% people do not MAKE time to keep up with the latest
information on product/service category.
7. Would you prefer to have informational content delivered to you vs. you
going and finding it?
INTERPRETATION : The above chart describes that 51.6% prefer to have
informational content delivered to you whereas 48.4% prefers going and
finding it.
11. What factor's influences you the most while purchasing the product?
In this study, the impact of content marketing, which is a new activity in the
field of marketing, on consumers’ purchase intention were investigated.
Literate or educated people and university students were selected as the
sample of the research’s survey. The reason that why these sample groups
were selected is that these groups are Expected to be more knowledgeable
and have more information about the marketing activities and their internet
usage seem higher. The research is performed among 70 consumers. Indeed, a
lot of books, articles, master’s degree and doctoral research articles, reports,
academic online and offline journals and magazines were investigated in order
to gather secondary data. Moreover, after gathering secondary data the
questionnaire provided to perform the survey included demographic
questions. Respondents were consisted of employee, university students, and
other relevant people to research with different characteristics. The result of
this research shows that the participants had many common characteristics
and views.
CONCLUSION
In the last few years Content Marketing has moved from the category of giving
a company an edge over the competition to the category of being left behind if
you do not use it. This follows the trend of more Marketing dollars moved
from traditional marketing to Social Media or other digital mediums as more
and more consumers join Social Media every day. Content Marketing is
becoming a dominant force in marketing. Content Marketing is getting away
from the “selling” aspect of marketing and intrusive advertising to a more
customer-centric environment. In general Content Marketing makes available
information to the target market or the public which is interesting,
informative, problem-solving or entertaining. It can bring new customers and
increased profitability to those who have the ability to use it correctly.
Content Marketing has now become an industry standard. As educator’s, a
thorough understanding of Content Marketing is required so it may be
addressed properly in marketing classrooms. Marketing practices, such as
Content Marketing, evolve too quickly to be adequately addressed in text
books. It is up to the educator to fill in the gaps.
Brands will now accomplish their marketing goals, not mainly through
interruptive media, but by creating and distributing the most valuable
information on the planet for that particular niche. Content marketing has
been introduced long time ago, however not many organizations engage in it
back then. Nevertheless, it is becoming the new trend in marketing world
lately due to the shift in consumer behaviors and technological aspects.
Customers realize the power of knowledge and information can lead to better
purchasing decisions. Thus they start to demand for more information.
Moreover, they are getting smarter and smarter so marketers have no
choice but to produce accurate and great contents because manipulation of
information does not work in this digital age.
A few features need to be taken into consideration to achieve effective
content marketing. The significance of localization in message raises the
success rate of reaching target audience. Using one single message globally is
risky due to the cultural differences and customers’ expectation varies. Next, it
is better to have contents personalized because consumers demand for
individualistic. They wish to feel special and respected as individuals.
Customers are more likely to form deeper relationships with a brand when the
message is personalized and contains strong emotions. On the other hand, it is
best if contents are prepared in diversified routines: hire out, partner up and
use voice. Different ways of conveying message can gain the interest of
audience. Cooperation between marketers and customers in generating
information makes the contents fun and trustworthy. Consumers believe
that user-generated contents are far more trustable because they are not
paid to spread positive word of mouth about certain brands. Lastly, it is crucial
for firms to be ethical and honest with public. Public hates to be deceived and
manipulated. Hence, content marketers must make sure that the contents
are real and transparent to build trust and maintain customer loyalty.
Marketing trend is evolving in a way that publishing is replacing marketing.
RECOMMENDATIONS
1. Goal for Content Marketing should be a robust loyalty program.
2. Social Media channels should be re-booted and focused on loyalty.
3. Existing content efforts on the site should be stopped in favor of new
owned platform.
4. Persona measurement should evolve out of the loyalty strategy.
5. Marketing and Brand Should lead content effort.
BIBLIOGRAPH
https://www.researchgate.net/publication/331345065_Content_Marketing_T
oday
https://www.researchgate.net/publication/335976771_IMPACT_OF_CONTENT
_MARKETING_TOWARDS_THE_CUSTOMER_ONLINE_ENGAGEMENT
https://www.getfeedback.com/resources/online-surveys/content-marketing-
customer-surveys/
https://www.researchgate.net/publication/287557707_Content_marketing_as
_an_important_element_of_marketing_strategy_of_scientific_institutions
INTERNSHIP CERTIFICATE
ANNEXURE