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REDDIT.pptx

29 de Mar de 2023
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REDDIT.pptx

  1. REDDIT Haroon Bin Zahid Almas Sherwani Chirag Deshpande Satnam Singh School of Continuing Studies, York University CSBA2200 – Marketing Fundamentals Sheri Allain Presentation Date: 31 May 2022
  2. REDDIT - INTRODUCTION It’s a massive collection of forums where people can share news and content or comment on other people’s posts. The main features of Reddit:  Posts: It can only be submitted by users with a Reddit account. Posts have a comments section where other users can discuss the post.  The up/down voting: It allows Redditors to vote up and down on posts. This feature is what defines Reddit and sets it apart from traditional forums.  Subreddits: They are categories, and every post is placed into a single subreddit. Redditors subscribe to subreddits that interest, allowing them to follow specific types of content more closely.  Karma: It is a metric given to Redditors that represent their contributions to Reddit. Each Redditor has "link karma" and "comment karma".  Inbox: Every Redditor has an "inbox" which contains a record of comments, private messages
  3. REDDIT UI DESIGN
  4. GOALS OF REDDIT  To provide a social space where content creation and publications are made easy  To let Redditors frequently give their opinion themselves by votes up and down  To Generate revenue on advertisements
  5. WAYS IN WHICH REDDIT CAN BE USED BY BUSINESSES  For research Reddit provides a fantastic platform for research into company strategy and direction  Advertisement: Companies can pay to promote posts on Reddit as well. Paid Reddit posts are automatically pinned to the top of the subreddit page.  To market organically Reddit can be a great way to help drive the conversation or to insert your brand or company into conversations pertaining to your product or industry.
  6. BRANDS THAT ARE USING REDDIT FOR MARKETING  Audi: They took benefit of the sites streaming feature and created a web series where celebrities answered Redditor’s questions while speeding in Audi’s latest car.  Toyota: In the Formula 1 subreddit, Toyota promoted a video showcasing two Supras racing it out.
  7. STRENGTHS • People-oriented • Diverse user base • Reddit karma • Variety of topics WEAKNESSES • Outdated design • May deviate user from path • Rules not followed OPPORTUNITIES • Have a chance to become the word’s homepage • Can be merged by top search engines • Become a social media platform THREATS • Freedom of reddit was gone due to new censorship laws • Truth is misled by up votes • Promotion of unusual content SWOT ANALYSIS
  8. MITSUBISHI MOTORS CANADA X REDDIT Target: Interest targeting based on key Mitsubishi audiences and topics. Mitsubishi Motors Canada launched an all- new Outlander SUV for 2022. As a challenger brand built on innovation, Mitsubishi felt right at home on Reddit, driving awareness and incremental reach in Canada through Category Takeovers and Promoted Video. Video assets showed the 2022 Outlander in action allowing Redditors to take a closer look at the SUV.
  9. MITSUBISHI MOTORS CANADA X REDDIT Results:  45% Higher CTR than Reddit’s benchmark for category Takeovers on mobile.  62% More reach per dollar compared to other social channels.  99% New users – these users have never visited the Mitsubishi site before. Mitsubishi saw an opportunity to engage with specific audiences that they struggle to reach on other platforms. Launching the campaign was very smooth, especially considering they were the first advertisers to launch in Canada.
  10. FATHEAD X REDDIT • What is the company all about? • What was the challenge?
  11. FATHEAD X REDDIT • Solution offered by reddit. • Business impact.
  12. USERS • 430 million users globally • 222 million alone in US • 18% of adults • 17% of white and Black people, 14% of Hispanics • 36% of 18–29-year-olds, 22% of 30–49-year-olds • 20% of those earning $50K-$74,999, 26% of those earning $75K+ • 20% of those with some college education, 26% of those with more than a college degree
  13. AUDIENCES
  14. • Growing user base: The site’s active users climbed 44% in 2020 to hit 52 million. Unprecedented events like the GameStop investment craze, (which was driven by the subreddit r/wallstreetbets) continue to drive — and demonstrate — the site’s power. • Cookie-proof targeting: Major tech companies have announced plans to eliminate cookies that let brands target users based on their online behaviors. Reddit advertising offers a broad audience that’s already self-sorted into groups based on interest, location and activity.
  15. WHY PEOPLE USE REDDIT
  16. TARGETING CAPABILITIES Reddit offers five different ad targeting categories: • Locations • Interests • Community • Device • Time of day
  17. TAKEOVER AD UNITS INCLUDE • Category Takeover • Front Page Takeover • Trending Takeover • Reddit Takeover
  18. THANK YOU!
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