Learning Objectives • What are social media? How are social media similar to traditional media? • What are the major zones associated with social media? • What is Web 2.0? What are its defining characteristics? How does Web 2.0 add value to Web 1.0?
communication, conveyance, collaboration, and cultivation among interconnected and interdependent networks of people, communities, and organizations enhanced by technological capabilities and mobility.
Mind-boggling Social Media Stats • Time to reach 50 million users: – Radio = 38 years – TV = 13 years – Internet =4 years – Facebook = 100 million users in under 9 months. • Social media is the #1 online activity worldwide. • 94% of companies use LinkedIn as their primary recruiting tool. • 1 out of 6 couples married in 2013 met on a social media site. • 4 billion pieces of content shared daily on Facebook.
Web 2.0: The Defining Characteristics of Social Media • Web as platform • User participation and user-generated content • Crowdsourcing • Network effects • Scalability • Perpetual beta • Reputation economy
What is 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.