Social advertising (social relationships)

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Social advertising is advertising that relies on social information or networks in generating, targeting, and delivering marketing communications. [1] [2] [3] Many current examples of social advertising use a particular Internet service to collect social information, establish and maintain relationships with consumers, and for delivering communications. For example, the advertising platforms provided by Google, [4] Twitter, and Facebook involve targeting and presenting ads based on relationships articulated on those same services. Social advertising can be part of a broader social media marketing strategy designed to connect with consumers. [5]

Contents

Social targeting

Since a pair of consumers connected via a relationship are more likely to be similar than an unconnected pair, [6] information about such relationships can be used to infer characteristics of consumers useful for targeting. [7] For example, predictions of an individual's home location can be improved using geographic information about their peers. [8] Existing advertising platforms can allow advertisers to explicitly target the peers (e.g., Facebook friends, Twitter followers) of consumers who have a known affiliation with their brand. Thus, one way social advertising is expected to be effective is because social networks encode information about unobserved characteristics of consumers, including their susceptibility to adopt a product and to influence their peers to adopt. [9] Social advertisement targets audiences' demographics based on customers browsing histories. This helped companies understand users' interests and target a specific group of users. Whether it is location or personal interest, different categories of companies can make the consumers on social media rely heavily on their advertisements. This is one of the reasons why social advertising has grown over time. Targeting their audience to real life stakeholders generally increase the attention of the advertised deal which brings up more profits for companies. [10] Subsequently, the psychological effects that social media gives off to its users play a huge role in advertisement companies keeping their customers online. One of the main reasons users rely on social media is because it's a source of entertainment that provides them with a feeling of inclusiveness. In making the customers feel the inclusiveness, social advertising targeting a specific group of users is presented as if these advertisements are customized for the users in their perspective making them feel the attention that they do not often feel in the real world. [11] You can use Social signals checker tool to find more information about links. Social signals are metrics that measure how much people interact with your content on social media. From likes, to shares, to comments; each of these signals contributes to an overall number that tells search engines like Google how much people like your content. The more social signals your website gets, the more likely it is to rank higher in Google. The reason for this is two-fold. First, social media is used by millions of people every day, and if your content is being shared and interacted with on these sites, it shows that it’s worthy of being seen. And second, social media sites are highly trusted by Google. So if you can get your content seen and interacted with on these platforms, you’ll be off to a great start. [12]

Social cues in advertisements

Social ads often include information about the affiliation of a peer with an advertised entity. For example, a social ad might indicate a friend has endorsed a product, highly rated a restaurant, or watched a particular film. In fact, some definitions make these personalized social signals a necessary condition for the advertising being social advertising. [2] Inclusion of personalized social signals creates a channel for social influence. Experiments that remove peers' names or images from social advertisements provide evidence that their presence increases proximal outcomes (e.g., clicks on advertisements). [3] This is technically how trends are started on social media. Since social media links a single profile to thousands of other accounts some being real-life friends or even acquaintances, the opinions and the bias a user has for other users who are also a customer of an advertisement on the feed can heavily affect whether to click on the advertisement or not. Once this pattern continues, the brand benefits from increased customers, profit, and attention. Social networking can spread rapidly because 71 percent of the world's population contributes and uses social media which means social advertising gives companies a better marketing technique than a physical poster advertisement. [13]

Word of mouth

Advertisers often attempt to use word of mouth to affect consumers and their decisions to adopt products and services. [14] Ads and other inducements targeted at a seed set of individuals can be designed to produce a larger cascade of adoption through influence. [15] [16] Businesses are also using social media to attempt to identify and persuade influential consumers to spread positive messages about their products or services. [14] Consequently, not only on social platforms but also in physical settings, users start talking to each other. When individuals develop an intimate relationship with each other, it is quite heavily based on shared characteristics, interests, and personalities. If one social media user becomes a regular customer to a well-known company that advertises often, there is a higher chance that all the other people who have intimate relationships with that one customer will be exposed to the online advertisement more than another user who might be completely new to a brand that is being advertised on screen. In reality, this happens to not only one user but to most of the users which mean a single brand advertisement online can have to potential of being talked about between billions and trillions of people all around the globe. [17]

Relationship marketing

To accurately conduct relationship marketing, businesses must develop and manage six marketplaces: internal, customer, referral, supplier, influencer and employee. [18] To maintain relationship marketing, customers often see social media influencers getting free sponsorships or PR boxes just to advertise their products. At times, users who become customers through these social influencers will get a better deal than regular customers which stands as a very commonly used marketing technique. By doing this, users think they are receiving special treatment when in reality it very much benefits social influencers and brands. Especially for brands that are just starting, they use this marketing technique so that their names can be out there, and people will start talking, which is their initial goal. [19]

Egg hat and gloves with the new York NY times

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References

  1. ↑ Tucker, C. (2012). "Social advertising eLibrary".
  2. 1 2 "Social Advertising Best Practices" (PDF). Interactive Advertising Bureau. 2009.
  3. 1 2 Bakshy, E.; Eckles, D.; Yan, R.; Rosenn, I. (2012). "Social influence in social advertising: Evidence from field experiments". Proceedings of the ACM Conference on Electronic Commerce. ACM. arXiv: 1206.4327 . Bibcode:2012arXiv1206.4327B. doi:10.1145/2229012.2229027. S2CID   8200262.
  4. ↑ Miller, C. C.; Goel, V. (October 12, 2013). "Google to Sell Users' Endorsements". New York Times .
  5. ↑ Furlow, N. E. (2011). Find us on Facebook: How Cause Marketing has Embraced Social Media. Journal of Marketing Development and Competitiveness, 5 (6), 61-64.
  6. ↑ McPherson, M., Lovin, L. S., & Cook, J. M. (2001). Birds of a feather: Homophily in social networks. Annual Review Sociology 27, 1, 415–444.
  7. ↑ Hill, S., Provost, F., & Volinsky, C. (2006). Network-based marketing: Identifying likely adopters via consumer networks. Statistical Science. 21, 2, 256–276.
  8. ↑ Backstrom, L., Sun, E., & Marlow, C. (2010). Find me if you can: Improving geographical prediction with social and spatial proximity. In Proceedings of the 19th international conference on World Wide Web. ACM Press, 61–70.
  9. ↑ Aral, S., & Walker, D. (2012). Identifying influential and susceptible members of social networks. Science, 337(6092), 337-341.
  10. ↑ Yong Zhang, Hongming Zhou, Nganmeng Tan, Saeed Bagheri, Meng Joo Er, Targeted Advertising Based on Browsing History
  11. ↑ Mark Griffiths, , Addicted to Social Media?
  12. ↑ About Socials Media (2022-09-20). "Social signals". ToolsInWeb.
  13. ↑ , Number of social media users worldwide from 2010 to 2021 (in billions)
  14. 1 2 Zubcsek, P. P., & Sarvary, M. (2011). Advertising to a social network. Quantitative Marketing and Economics, 9(1), 71-107.
  15. ↑ Aral, S.; Muchnik, L.; Sundararajan, A. (2013). "Engineering social contagions: Optimal network seeding and incentive strategies". SSRN   1770982.
  16. ↑ Kempe, D., Kleinberg, J., & Tardos, É. (2003). Maximizing the spread of influence through a social network. In Proceedings of the ninth ACM SIGKDD international conference on Knowledge discovery and data mining (pp. 137-146). ACM.
  17. ↑ Allen, Summer. "Social media's growing impact on our lives". APA. American Psychology Association. Retrieved April 24, 2024.
  18. ↑ Veloutsou, C., Saren, M., & Tzokas, N. (2002). Relationship Marketing: What If...? European Journal of Marketing, 36 (4), 433 - 449.
  19. ↑ Chávez, Jhossuha Johanan Bazán (December 23, 2023). "Influencer marketing and the buying decision of generation "Z" consumers in beauty and personal care companies". SCT Proceedings in Interdisciplinary Insights and Innovations. 1: 7. doi:10.56294/piii20237 . Retrieved April 24, 2024.
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