Sunday, January 19, 2020

Marketing in the News- Social Media Marketing


Social media is constantly in the palm of our hands. You may be thinking, well we can’t control social media like what that phrase means, but I'm thinking of it as a literal phrase. We, college students, teenagers and everyone else who has a smart phone are all constantly having our phones on us. Whether we are working, at school, eating, on the toilet or even having an in-person conversation. Which you shouldn't be doing! You should be in the present and talk will your friend to their face, not talk to them while you are scrolling through Instagram. My life currently involves me to be on social media constantly. If you were to look me up, you would see my pages should be private. I am a private person, I don't think everyone needs to know what is going on in my life, but what I will say is that even if you friend request me and I accept, you will see I never post. I just don’t. I don’t need the likes, or the encouragement or as some always comes, negativity. Now you may be thinking, she said that her life surrounding social media, well yes. I live in a house of fifty girls. We must stay connected somehow. We have a private group on Facebook to keep everyone updated on announcements and things that are happening in the house. This article is all about social media marketing. At this point of social media, the main attraction is to be an influencer. What does that mean? What is an influencer? An influencer is “a user on social media who has established credibility in a specific industry. A social media influencer has access to a large audience and can persuade others by virtue of their authenticity and reach” (Pixlee). They become famous and lots of companies what to use them for their marketing. This starts to be a great resource for companies to market. With everyone on social media, they can market their brand and customers can buy from the app. As the years have gone on, they have seen lots of down sides to this. This article covers “why influencer marketing needs to die in 2020 (Twomey)”.

In this article, they presented some data from Estée Lauder. According to Twomey, “Beauty giant Estée Lauder has already committed a staggering 75 percent of its advertising budget toward influencer marketing.” That's a lot of budget money used towards social media. This means that that Estée Lauder won't have that much of the budget to go towards commercials, ads and billboards. The problem is that a lot of that budget is going to waste on influencers. Some influencers buy their followers and likes. This means that Estée Lauder and many other companies are wasting their money on advertising to fake followers which doesn’t create any profit. 

            If I was the marketing manager, I wouldn’t use that much of our budget to advertise via social media influencer. As previously discussed, social media influencers buy fake followers, not all but some. From what we have learned in class is that marketing can make or break a company. Marketing will help bring in customers who then bring in the money. While I believe that social media is a great way to reach the customers, it's not the only way to do so. Estée Lauder has been around for approximately 74 years. Although they have done different marketing before you have to keep up with the trend and customers. Social media marketing was one of them. 

Reading this article and learning what we have in class has been eye opening. Marketing takes a lot of moving parts to succeed. I enjoyed learning more about how companies use their marketing budget. I hope to learn much more for my future business. 

Articles Mentioned in Blog Post:



Company Mentioned: https://www.esteelauder.com/

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