2 0 1 9 S O C I A L M E D I A M A R K E T I N GI N D .docx
1. 2 0 1 9 S O C I A L M E D I A
M A R K E T I N G
I N D U S T R Y R E P O R T
How Marketers Are Using
Social Media to Grow
Their Businesses
M A Y 2 0 1 9
B Y M I C H A E L A . S T E L Z N E R
Copyright 2019, Social Media Examiner
2 0 1 9 S O C I A L M E D I A
Copyright 2019, Social Media Examiner
Letter from the author…
Hello, fellow marketer!
Welcome to our 11th annual report! This is the longest-
running social media marketing study. And yes, social
media marketing is still changing.
This 46-page report contains easy-to-digest insights
3. 4.............................................................................................
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MAJOR FINDINGS
5.............................................................................................
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TOP QUESTIONS FACED BY SOCIAL MEDIA MARKETERS
6...................................................
BENEFITS OF SOCIAL MEDIA MARKETING
7........................................................................
COMMONLY USED SOCIAL MEDIA PLATFORMS
11..............................................................
THE MOST IMPORTANT SOCIAL PLATFORM FOR
MARKETERS IS... 15..................................
THE RISE AND FALL OF SOCIAL PLATFORMS
17..................................................................
ORGANIC SOCIAL MEDIA POSTING
18................................................................................
SOCIAL MEDIA PLATFORMS MARKETERS WANT TO
LEARN MORE ABOUT 26.......................
VIDEO CHANNELS USED BY MARKETERS
27........................................................................
AVERAGE VIDEO LENGTH
28...........................................................................................
...
VIDEO ORIENTATION
29...........................................................................................
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LIVE VIDEO USE
30...........................................................................................
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AVERAGE LIVE VIDEO LENGTH
31......................................................................................
HOW WILL MARKETERS CHANGE THEIR FUTURE VIDEO
MARKETING ACTIVITIES? 32............
VIDEO PLATFORMS MARKETERS WANT TO LEARN MORE
ABOUT 34....................................
5. study reveals all of
the major advantages marketers are achieving with their social
media efforts. We
also look at how years of experience affect the results.
• Most-used social media platforms: Discover which platforms
marketers are
using now and how their usage will change over the next 12
months. We also
examine which platforms experienced marketers are using and
the most
important platforms for marketers.
• Organic social media posting: We explore how marketers plan
on changing
their future organic activities by platform.
• Video marketing: We reveal the video channels most popular
with marketers,
the length and orientation of their videos, their use of live
video, and how they
plan on changing their video marketing over the next 12
months.
• Paid social media: We reveal the social advertising platforms
marketers are
using, how their use of ads has changed in the last year, and
which ad platforms
they plan to focus on in the next 12 months.
• Other analyses: We examine marketers' ability to calculate
return on investment
(ROI) and their interest in analytics. In addition, we take a look
at how business-
to-business (B2B) companies differ from business-to-consumer
(B2C)
7. Instagram, up
from 66% in 2018. It's the second most important social
platform for marketing
(behind Facebook) and surpassed LinkedIn for the first time. A
significant 69% of
marketers plan on increasing their Instagram organic activities
over the next 12
months. Instagram is the number-one platform marketers want
to learn more
about, surpassing Facebook for the first time.
• Engagement matters most: For the first time in our study, how
to achieve better
engagement is the top question marketers want answered. This
is likely in
reaction to Facebook news feed changes made in early 2018 that
incentivize
meaningful social interactions.
• YouTube interest is high: A significant 71% of marketers plan
on increasing
their use of YouTube video and 75% want to learn more about
marketing on the
platform. YouTube is the number-one video channel, used by
57% of marketers.
• Facebook dominance still strong: A very significant 94% of
marketers use
Facebook (followed by Instagram at 73%). Sixty-one percent of
marketers claim
Facebook is their most important social platform. Facebook ads
are used by 72%
of marketers and 59% plan on increasing their use of Facebook
ads over the next
12 months.
31. · A variety of models such as model S and X.
· A CEO with a good reputation and track record.
· Use of own distribution channel through its stores.
· Customers are yet to fully adopt electric vehicles.
· High cost of production leading to high price.
· Longevity of batteries.
· Inadequate infrastructure for use of electric cars around the
world.
· CEO is also head of Space X.
Opportunities
Threats
· Unexploited markets in the developing world.
· New advances in technology which can increase battery life.
· Production of new low price models.
· Increased environmental awareness.
· Various lawsuits which delay and inhibit innovations and
global expansion.
· Lack of enough government subsidies which drive up prices.
· Increased competition from established companies with hybrid
and fully electric models.
Analysis
There are several strengths that Tesla has which it can use in
exploiting the opportunities which it has today. Tesla is led by
Elon Musk who has a good reputation and is well known in the
tech industry. The presence of this CEO gives the brand a better
image and credibility as it continues in its quest to make the
world more electric. Tesla can use the strength of such a brand
in the company and the CEO to grow as it exploits the middle
class in the developing nations. This is a market which is aware
of the company and his work and he can be trusted as he
introduces the product there. At the same time, Tesla is popular
among millennials and other younger age groups. These younger
age groups make marketing easy through social media for
promotion of the brand. At the same time, the number of young
32. people in the world who are environmentally conscious is
growing. Through the cutting down of marketing costs through
use of social media and a larger market around the world, the
company can start enjoying economies of scale (Qayyum et al.,
2020). The company can also license its proprietary technology
to other companies and use the money to subsidize the price of
its products to reach a wide range of customers. Tesla is the
first company to produce a fully functional electric car and is
trusted by the consumer. It should work on getting batteries
with a longer life attracting more consumers who can see the
practical use of the electric car. The distribution using its stores
is a strength which can be exploited through opening up of new
stores in the developing nations and other areas where it is yet
to venture.
One of the weaknesses that Tesla is currently experiencing is
that its CEO is also the CEO of Space X. The company has not
had a good performance for many years and this risks ruining
the image of the CEO. At the same time, there is the perception
that there is conflict of interest and as the leader he needs to
concentrate on one company. The company can convert this into
a strength by separating the top management of the two and
Space X getting a new CEO. The other weakness that Tesla
faces today is that its prices are considerably high. The prices
can be reduced to make them more affordable through expansion
of the market and licensing out the proprietary technology to
subsidize the costs (Ingle & Phute, 2016). The company should
also exploit social media for marketing purposes and work on
getting better economies of scale. Customers around the world
are concerned that there is insufficient infrastructure for use of
the electric cars. Tesla needs to lobby for governments to come
up with infrastructure that will support the use of the electric
cars such as charging stations. Tesla can also do this through
setting the infrastructure themselves through arranging for the
government to give it subsidies. There are customers today who
are still wary of using the electric cars. The company can turn
this into a strength through creation of awareness using
33. channels such as mainstream and social media.
The threats that the company is facing are substantive and need
to be carefully dealt with. There is competition from the
established manufacturers who are getting into manufacturing
hybrid and electric vehicles. The company can mitigate this
threat through capitalizing on the fact that it was the first to
produce a fully electric functional vehicle. It is important to
show consumers of the quality that the brand brings through
aggressive marketing and continued innovation. The company is
best placed to compete because it is specialized in production of
electric automobiles. There are also lawsuits which delay
innovations and expansion (Ingle & Phute, 2016). The company
can work towards more lobbying to ensure the barriers that it
faces in terms of legislation are minimized. Tesla also needs to
work towards scaling up its operations so that it can enjoy
economies of scale and this will mitigate the threat of loss of
government subsidies.
The action which the company needs to advance its goals and
increase its competitive advantage is to increase its production
capacity. It is only through an increased capacity that the
company can produce mass scale and sell to a wider client base.
The economies of scale will enable Tesla to not only be the
pioneer in production of electric vehicles but also among the
best at considerable prices. The company also needs to expand
its stores to developing nations to capture the growing middle
class in these countries. At the same time, the company must
work towards growth of its infrastructure if it intends to
maintain its competitive advantage (Qayyum et al., 2020). Tesla
needs to take these actions because consumers are conscious
about the environmental protection today more than ever before
and they require a relatively lower priced electric vehicles. The
presence of infrastructure will also gain the confidence of
consumers that they can use the Tesla models for their daily
commute.
34. Citations
Qayyum, A., Usama, M., Qadir, J., & Al-Fuqaha, A. (2020).
Securing Future Autonomous & Connected Vehicles: Challenges
Posed by Adversarial Machine Learning and The Way
Forward. IEEE Communications Surveys & Tutorials.
Ingle, S., & Phute, M. (2016). Tesla autopilot: semi autonomous
driving, an uptick for future autonomy. International Research
Journal of Engineering and Technology, 3(9).
Copyright 2019 by University of Phoenix. All rights reserved.
Copyright 2019 by University of Phoenix. All rights reserved.
Marketing, 10th Edition, page: 50
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Marketing, 10th Edition, page: 52
Marketing, 10th Edition, page: 53
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Marketing, 10th Edition, page: 55
36. Minimum 6,500 words each page should include at least one
graph, image or table. You must put url on every page with any
graph, image or table.
1.5 line spacing
1/2" margin all around
12 point font.
You MUST write your Marketing Program for one of the four
social media brands:
Instagram, (Facebook Inc.)
YouTube, (Google LLC.)
Qzone, (Tencent Holdings Ltd.) or
Reddit (Advance Publications Inc.).
In parenthesis is the corporate brand also known as the parent
company.
You will discuss the corporate brand under the Description of
the Company.
You are conducting secondary research to gather facts and
statistics already published.
Include the charts, pictures, and graphics that illustrate the
statistics.
You must provide the links to the websites where you found the
information (facts and statistics) and images/charts.
You must provide the links to the sources since you did not
conduct the primary research.
37. Strategic Plan
Mission, Vision etc.
.
Situation Analysis
SWOT analyses,
BCG analyses,
Porter's 5 Forces Model,
GE McKinsey Matrix,
Value Chain Analysis,
PEST Analysis,
VRIO Analysis,
McKinsey's 7 S Framework etc.
6 a Product
Remember the brand is wrapped around the product and
products can be tangible or intangible.
a) Describe fully the services provided by this brand to
consumers (B2C) and businesses (B2B).
Explain why their product is either tangible or intangible?
For example, for Frito Lays Inc. some of the product types they
sell are
potato chips, corn chips, and tortilla chips. For social media
companies, there are different types of services.
b) Discuss where you think their products are in the product life
cycle and explain why.
38. c) Identify the corporate (parent) brand (Frito Lays Inc.) and
master brands and include pictures of the logos. For
example, Doritos, Lays, Fritos, Cheetos etc. are master brands
of Frito Lays Inc.
The parent brand includes the words Company, Corporation,
Inc., LLC etc. Sometimes one of the master brands might also
include the parent brand name, but without the Inc., Company,
Corporation etc. For example, Facebook Inc. and Facebook.
d) Discuss if their strategy is multi-product branding, multi
branding, or private branding and fully explain why based on
what you observed and the concepts discussed in the
textbook. Include pictures.
e) Discuss and give examples of their line extensions or brand
extensions. Include pictures.
f) Identify the number of monthly active users and the percent
of internet users reached.
b Price
a) Identify the price point ranges for each product type for
business to consumer and for business to business.
Create a table to summarize the products (services) and the
price points.
It could be bronze, silver, gold or small, medium, and large etc
for different product types coffee, tea, brownies etc or TV's,
phones etc. If the service is free to consumers explain why?
How does the company make money? What is the price they
charge to businesses for the different services? Discuss if some
services are provided free to consumers and if the service can
be upgraded for a fee that might suggest a Good, Better, Best
pricing strategy.
b) Discuss why or why not you feel their strategy is penetration
pricing or skimming.
c) Discuss if they segmented the market by price or some other
segmentation approach.
d) What is the annual revenue for the company and brand.
39. c Place
a) Indicate the channels of distribution or access.
b) Discuss if their distribution strategy is intensive, selective,
or exclusive.
c) Discuss place as it relates to Social Media companies.
d Promotion (Advertising)
a) Discuss the types of advertising and promotions they have
implemented and include pictures.
b) Discuss their use of broadcast (TV / Radio), print (magazines
/ newspapers), and support media (billboards / internet).
Provide pictures and links to where you found the advertising.
12.Ethics
You should mention, explain and apply one or more of the
ethical principles listed below
in your response to the question regarding Ethics and Corporate
Social Responsibility.
One ethical dilemma associated with Social Media is Data
Privacy.
You should classify the issue as either
Ethical and Legal,
Ethical, but Illegal,
Unethical and Illegal,
Unethical, but Legal.
Unethical, but Legal,
40. Ethical, but Illegal,
However, do not limit your rationale and point of view to these
principles.
Explain in your own words your point of view.
Utilitarianism
Moral Idealism
Personal benefit: acknowledge the extent to which an action
produces beneficial consequences for the individual in question.
Social benefit: acknowledge the extent to which an action
produces beneficial consequences for society.
Principle of benevolence: help those in need.
Principle of paternalism: assist others in pursuing their best
interests when they cannot do so themselves.
Principle of harm: do not harm others.
Principle of honesty: do not deceive others.
Principle of lawfulness: do not violate the law.
Principle of autonomy: acknowledge a person's freedom over
his/her actions or physical body.
Principle of justice: acknowledge a person's right to due
process, fair compensation for harm done, and fair distribution
of benefits.
Rights: acknowledge a person's rights to life, information,
41. privacy, free expression, and safety.
Table of Contents
Marketing Plan
1 Executive Summary
pages 3 - 6
2 Description of the
pages 4 - 9
2 a. Industry
2 b. Company
2 c. Brand
3 Strategic Plan
pages 9 - 12
4 Situation Analysis
pages 12 - 20
5 Market Product Focus
pages 20 - 22
6 Marketing Program
pages 22 - 30
6 a. Product
6 b. Price
6 c. Place
6 d. Promotion
7 R&D and Operations Program
pages 30 - 31
42. 8 Financial Projections
pages 31 - 33
9 Organization Structure
pages 33 - 34
10 Implementation Plan
pages 34 - 35
11 Evaluation and Control
pages 35 - 37
12 Ethics and Corporate Social Responsibility
pages 37 - 40
13 Sources:
43. pages 40 - 43
14 Appendix
pages 43 - 100
1
Executive Summary
2 A
Description of the Industry
2 B
Description of the Company
2 C
Description of the Brand
3 Strategic Plan
4 Situation Analysis
5 Market Product Focus
6 Marketing Program
6 a. Product
6 b. Price
6 c. Place
6 d. Promotion
7 R&D and Operations Program
8 Financial Projections
44. 9 Organization Structure
10 Implementation Plan
11 Evaluation and Control
12 Ethics and Corporate Social Responsibility
13 Sources
14 Appendix