Definition of Social Media Social media are the online means of communication, conveyance, collaboration, and cultivation among interconnected and interdependent networks of people, communities, and organizations enhanced by technological capabilities and mobility. Definition of Social Media Marketing Social media marketing is the utilization of social media technologies, channels, and software to create, communicate, deliver, and exchange offerings that have value for an organization’s stakeholders. 4 Zones of Social Media 4 Zones of Social Media Zone 1 – Social Community • Social Communities describe channels of social media that focus upon relationships and common activities people participate in with others who share the same interest or identification. The channels in social community zone includes social networking sites, message boards and forums and wikis. All emphasise individual contributions in context of a community, communication, conversation and collaboration. Zone 2- Social Publishing Social Publishing sites aids in dissemination of content to an audience. The channels of social publication blogs, microsharing sites, media sharing sites and social blogging and social bookmarking and news sites. Blogs are websites that hosts regularly updated online content, that may include text, graphics, audio and video. Example Blogger, Wordpress, Squarespace and Weebly. Microsharing Sites also called micro blogging sites works much like blogs except that there is a limit to length of content you can post. A micrshare could include a sentence, sentence fragment, embeded video or link to content residing on other website. Twitter limits posts to 140 characters is an example of Microsharing site. Media sharing sites, like blogs hosts content, but also typically feature videos, audio (music and Podcasts), photos and presentations. Example: • Video sharing Sites- Youtube, Vsnap, Vimeo, Vine • Photosharing Sites- Instagram, Flickr, Snapfish • Music and Audio sharing- Audiofarm, Soundcloud • Presentations and Documents- Scribd, Slideshare etc. • Social bookmarking services (i.e.sharing links to other sites)- Diigo, Digg Zone 3 – Social Entertainment This zone of social entertainment encompasses channels and vehicles that offer opportunities for play and enjoyment eg. Social gaming and gaming sites, socially enabled console games, alternate reality game and entertainment communities like spotify. Example of social entertainment sites are Zynga, uGame, Second life, MySpace etc. Zone 4 – Social Commerce • Social Commerce refers to use of social media to assist in the online buying and selling of products and services. Social commerce influences stages of consumer decision making process. Channels includes reviwes and ratings, deal sites and deal aggregators, social shopping markets and social store fronts. Groupon is an example of deal vehicle, Example of review and rating vehicles are Epinion and yelp. Etsy is an example of social shopping markets. Yipit, Dailyflock, and 8coupons are examples of deal aggregators. The fifth P of Marketing- Participation • Social media offers marketers opportunities to reach consumers, where they work and live. The element of participation in the key in this context. Social media enables the customers to have more say in the products and services that marketers create to enable their needs. Marketing is the activity, for creating , communication, delivering and exchanging offerings, that have value for customers, clients, partners and society at large. The classic view is that organisations accomplish these goals through a marketing mix that includes the so called 4 p’s – product, price, place and promotion. As the social media techniques continue to sprout around us, we need to add the Fifth P- Participation. Now consumers can refer, give feedbacks about products on online platforms and play in important role in sales and marketing of various products. Whether our focus is to improve customer service, maintain customer relationships, inform consumers of our benefits, promote a brand or related special offer, develop a new product, or influence brand attitudes, new social media options play an important role.