Preview

Social Media on Consumer Buying Behaviour

Better Essays
Open Document
Open Document
1113 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Social Media on Consumer Buying Behaviour
TO STUDY THE IMPACT OF SOCIAL MEDIA ON CONSUMER BUYING BEHAVIOUR IN MUMBAI
TO STUDY THE IMPACT OF SOCIAL MEDIA ON CONSUMER BUYING BEHAVIOUR IN MUMBAI

GRIZZEL RODRIGUES
ST. ANDREWS COLLEGE
S.Y.B.M.S ‘A’
ROLL NO: 3242

THE IMPACT OF SOCIAL MEDIA ON CONSUMER BUYING BEHAVIOUR – A STUDY IN THE MUMBAI

INTRODUCTION: Social media is a social instrument which is used as a tool where people communicate with each other. According to Evans, social media in not only about people reading and disseminating information, but also how they share and create content for others to participate. The use of social media is growing rapidly today as it helps connect people living in any part of the world, through various social networking sites.

Social media has enabled people to exchange their views about products and services among each other and also has encouraged companies to market their products and services thus indulging in social media marketing. Social media marketing refers to capturing the attention of the people on social media sites towards a brand or products and services of an organization. Social media has become an excellent channel for marketers to reach consumers. It has led to the consumers being more associated with a product and also in influencing the goodwill and reputation of the organization.

The article titled, “Expand your Brand Community Online” states that social media is important for marketers because it allows them to dialogue directly with consumers, which in turn engages consumers directly with company brands (Hanlon, Patrick, Hawkins, & Josh, January 2008). Social media thus supports the buying cycle by providing a platform to the consumers to discover information they need to make purchase decisions. It has been found that India is the world’s 7th largest internet market growing at 11.2% (ComScore). According to Khushbu Pandya (2012), there are 21 million people in India who are estimated to visit social media sites regularly,



References:

You May Also Find These Documents Helpful

  • Good Essays

    Social media is used for customer services as well as marketing of product and promotion. Technological.…

    • 638 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Unit 9 P4

    • 1171 Words
    • 5 Pages

    Using social media for marketing can help small organisations gather more customers from a wider spectrum. Many customers already interact with other company’s using social media because it is easy to use.…

    • 1171 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Marketing Midterm

    • 954 Words
    • 4 Pages

    With social media efforts growing, there has actually been no real decline in the use of other marketing tools. The Constant Contact survey found that 91 percent of small businesses use email marketing, 95 percent use website marketing, 77 percent use print advertising, 69 percent use online advertising, and 53 percent use event marketing. These findings indicate that social media marketing is definitely complementary and additive, but not a complete replacement to more traditional marketing methods. Businesses can improve their results with integrating tools such as email marketing with social media marketing to benefit from both worlds.…

    • 954 Words
    • 4 Pages
    Good Essays
  • Better Essays

    This paper will evaluate the reasons social media marketing has become exceedingly popular among business of all sizes. This assignment will analyze the advantages and disadvantages of social media marketing for business entrepreneurs. I will research two other businesses has utilized social media marketing. Lastly, this paper will speculate the impact social media will have on business over the next decade, while identifying the skills individuals need to improve in order to take advantages of the changes.…

    • 1235 Words
    • 5 Pages
    Better Essays
  • Good Essays

    The impact on consumer behavior and marketing is huge. With the huge growth in ecommerce, the use of social media has become a great tool for companies to understand their customers like never before. Companies are monetizing this technology in many ways; whether it’s from crowd sourcing, receiving immediate feedback from customers, or simply using social media as an additional source for advertising. Companies are now use social media as a link to their customers and also a way to interact with them.…

    • 430 Words
    • 2 Pages
    Good Essays
  • Best Essays

    need Access

    • 596 Words
    • 3 Pages

    Narayanan, M., Asur, S., Nair, A., Rao, S., Kaushik, A., Mehta, D., & ... Lalwani, R. (2012). Social Media and Business. Vikalpa: The Journal For Decision Makers, 37(4), 69-111.…

    • 596 Words
    • 3 Pages
    Best Essays
  • Better Essays

    “The experimentation era in social media marketing is long over. Social media has proven to be a viable and potentially lucrative marketing channel for B2B and B2C companies of all sizes, across the globe. As more and more companies jump on the social media bandwagon, it is more important now than ever that you provide value, not add to the clutter already on the social web. The reigning champions of social media are the brands that listen to their community, and deliver worthwhile information based on what they hear (Top Rank, 2013).”…

    • 1804 Words
    • 8 Pages
    Better Essays
  • Satisfactory Essays

    Tonys essay

    • 574 Words
    • 2 Pages

    In this day and age, social media can be an extremely helpful tool for free advertising and building a customer base. It is tremendously important for companies, especially smaller companies that do not have the biggest budget for big time marketing. With the way society works today, social media is one of the most powerful and influential tools companies have available. Without the use of social media, companies would have a disadvantage in gaining cliental on the internet. Even if people have never heard of the company, if their “friends” on social media sites comment or “like” their page, then they can then be exposed to the company as well.…

    • 574 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Social Media

    • 1350 Words
    • 6 Pages

    Social media has revo0lutionized the way we communicate with each other primarily through Internet and mobile-based tools used for sharing and discussing information. It has enabled users to create, exchange, share and comment amongst themselves in virtual communities and networks. This interaction, and the manner in which information is presented, depends on the varied perspectives and "building" of shared meaning among communities, as people share their stories and experiences. There are many different types of social media out on the market today such as Blogger (blogs), Facebook (social networking), Twitter (micro blogging), YouTube (content communities), and the list goes on. With all these social media mediums available, it offers advertisement and marketing opportunities.…

    • 1350 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Mega Trends in Fashion

    • 425 Words
    • 2 Pages

    Social networking is the fastest growing trend. Most the population are engaged in some sort of social networking whether it be facebook, twitter, pintrest or blogs. Due to social media, word-of-mouth promotion is a new phenomenon, which can either have positive, or negative outcomes for companies. The constant sharing and use of images/ideas/technologies means less promotion and marketing is needed by companies to distribute their products. This is the case as everyone has instant updates and access to the latest trends. Companies do not have to exert their effort into promotion, as consumers are already in the know.…

    • 425 Words
    • 2 Pages
    Good Essays
  • Good Essays

    The fact that many people use social media to discuss their thoughts and views online, has caused business to alter their communications and marketing strategies to better fit the new mean of sending out messages. Social media is presently used in place of the “old-fashioned” marketing tools, such as TV, billboards, radio, etc.…

    • 1240 Words
    • 5 Pages
    Good Essays
  • Best Essays

    At the present, social media has become a very important element of business especially for the marketing purpose. Additionally, using the social media tools, techniques and channels (such as Twitter, Flickr, Facebook, etc.) companies catch more visitors and massive amount of network and operational traffic. In this way, without investing extra money companies are now able to get more clients, visitors and returning customers. In addition, the social media technology is the most excellent tool for the companies to promote their business, for example if a company is selling services, products or publishing ads, then social media is the most excellent method to make their website gainful in a minimum amount of time (Deepika, 2010). This paper will discuss some of the important aspects of social media and their influence on the current business industry. This paper will also outline some of the main advantages and disadvantages of the social media.…

    • 2035 Words
    • 9 Pages
    Best Essays
  • Powerful Essays

    Social media is defined as “the use of technology combined with social interaction to create or co-create value” (Jantsch, 2008). It is an emerging channel for marketing around the globe. In the modern days where social media is widely used, what needs to be communicated to the customers is, in a way, determined by them (Kietzmann, Hermkens, McCarthy, & Silvestre, 2011, p. 242). This means corporations have become less powerful in controlling the flow of communication even about their brands. The sharing of tweets, Facebook posts, blogs, videos, pictures etc. among the public shapes the brand image of a corporation (Kietzmann, Hermkens, McCarthy, & Silvestre, 2011).…

    • 2542 Words
    • 11 Pages
    Powerful Essays
  • Better Essays

    So, how did social media change consumer’s behavior and life? First of all, social media has succeeded to remove the barriers that existed between two persons at distance. Now, you can easily see, hear, experience what your friends or family are doing at the other end of the world. Consumers have become more aware and have got access to a lot of information, this having a huge impact on their decision-making process. It is only some clicks away, to find out more information about the product you are looking for, and how was the experience of other customers with the product. Social media also stimulates in a way innovation, as consumers can now become producers themselves.…

    • 907 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    marketing

    • 2209 Words
    • 9 Pages

    Social networking sites allow individuals to interact with one another and build relationships. The paper analyses the changing paradigm of Social media as a marketing communication tool and highlights the importance of Social Media in building brand equity and customer relationship. The paper examines the Maruti Suzuki’s strategy of using Social media in creating awareness and preference for its Ritz car. Maruti Suzuki was able to adapt its cars and promotion tools to the Indian market. The success of Maruti was mainly attributed to its ability to understand the needs of Indian customers and adapting its marketing strategy accordingly. The company was able to build strong brands and strengthen its customer relationship by effectively using Social Media. The paper discusses the Social Media campaign “Live the moment” adopted by Maruti Suzuki for its Ritz car and the outcomes of the campaign. The paper also explains the key success factors and how Maruti Suzuki could effectively use social media for the Maruti Suzuki Ritzs “Live the Moment” campaign.…

    • 2209 Words
    • 9 Pages
    Powerful Essays