Social Commerce Plan (3000 word)

Eirwan
Week1-Chapter1Introductionrev11.pptx

Chapter 1

Introduction to Social Commerce

(Taken from Turban & Tuten books)

Learning Objectives

Describe the Social Web revolution.

Describe the essentials of Web 2.0 and social media.

Define social commerce and describe its evolution.

Describe the content of the social commerce field.

Opening Case: Starbucks Goes Social

The Problem

Starting in 2007, the company’s operating income declined sharply

This decline was caused by not only the economic slowdown, but also by the increased competition

Opening Case: Starbucks Goes Social

The Solution: Going Social

Exploiting Collective Intelligence: My Starbucks Idea

Starbucks’ Activities on Facebook, LinkedIn, Google+, Twitter, YouTube, Flickr, Pinterest, and Instagram

Social Media Marketing

Enterprise 2.0:Starbucks Digital Network

Opening Case: Starbucks Goes Social

The Results

Starbucks turned sales around by effectively integrating the digital and the physical worlds

Earnings doubled from 2010 to 2013

Sales are lifting due to digital and social media promotions

Lessons Learned from this Case

How a large company uses both an enterprise and a public social network

The company uses social media platforms and Web 2.0 tools

A central activity is to involve employees & customers in improving the company’s operations by soliciting and discussing ideas

The major objective is to increase the flow of visitors to the physical stores as well as to the online sites

Using special promotions and rewards, Starbucks has attracted a record number of visitors, considerably improving its revenue and profits

Social Customers

Copyright © 2012 Pearson Education

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Social media segmentation models

Social technographics

The social consumption/creation matrix

A typology of social utility

Pew’s internet technology types

Microblog user types

Why marketers needs to conduct SC ?

Watch 3 short videos:

Welcome to the Social Web Revolution 2018 video at

https:// www.youtube.com/watch?v=2IcpwISszbQ

Social Media trend 2018 https :// www.youtube.com/watch?v=ddYmOMNZ3P0

Brief Social Media Statistics 2018 video at https://www.youtube.com/watch?v=H8DMax1jsro

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Summary of video

More than half the world is on Social Media since 2016

64% consumers are influenced by videos in Social Media

78% consumers trust UGC; 14% trust advertisement

Average 20 minutes of Youtube videos a day

Businesses find >50% customers through SN

In 2016, 1/2 of the world is on Social Media

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Fundamentals of Web 2.0 and Social Media

Web 2.0

Advanced Internet technology and applications for communications, including blogs/v-blog, user- generated content, marshup, wikis, RSS, & social bookmarking/tagging/check-in.

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Social Media

The online media that uses Web 2.0 tools for people use to share opinions, experiences, insights, perceptions, and various media, including photos, videos, and music, with each other in Social Network Sites.

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Social Commerce: Definitions and Evolution

social commerce (SC)

The delivery of e-commerce activities and transactions using Social Media through social networks sites.

Figure 1.3 The Major Dimensions of Social Commerce

The Content Social Commerce Field

Social Media Marketing Zones

The SMM functions

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What we are covering this semester?

Chp2 Tuten

Chp 1Tuten

Chp 1Tuten

Chp 7 Tuten

Chp 6 Tuten

Chp 9 Tuten

Chp 8 Tuten

Chp 5 Tuten

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Unit objectives

1. identify the various tools of social media and describe how those tools are used to engage customers

2. identify, analyse and critically assess the suitability of various social commerce models and strategies for various e-businesses

3. explain the various principles and theories of social commerce

4. describe, explain and propose the appropriate marketing communication that could be conducted in various social commerce models

5. describe how social commerce aids customer relationship management

6. explain and understand the implementation issues in social commerce.

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