November 12, 2009

Market Paradigms Issues and Challenges – Social Network Marketing Research Proposal

Market Paradigms Issues and Challenges - Social Network Marketing

1.0 Introduction

In the era wherein technology affects every individual directly and indirectly, internet presence is critical particularly for companies that are motivated to grow fast ahead of the competitors, grow in line with the industry or to simply catch-up and defend an existing status. Such a strategy aimed at increasing the organisation's operational efficiency especially that operation is increasingly becoming boundary-less. Apart from e-mails, internet forums, blogs, minisites, search engine listings, web directories and websites, internet presence is made possible by social networks. Social networks technically refer to social structure made of individuals which are called nodes and is connected online. Famous social networking sites are MySpace, Facebook, Multiply and orkut among others.

Since the goal is to commercial diversity the target market, social network marketing is applied. This is an advertising method that makes use of social network services and to increase the web presence of a specific company. Advertising tactics range from direct advertisements and viral marketing which spreads throughout the site. Likewise, advertising could take the form of providing niche social networking sites which focuses on specific products and brands. One of the most used advertising medium in social networking sites is the creation of a commercial profile. Companies can create pages whereby users of the site can view, browse and even become fans of such a company and its products and services.

2.0 Problem Statement

The effectiveness of social networks-based marketing strategies is an area that is unexplored. A major challenge therefore is to evaluate the value and usefulness of social media marketing. The key question that will be answered in this study is - How effective are social network sites as a new medium of advertisement? Other research questions to be given answer to are:

1) What are the advantages and disadvantages of social network marketing to the companies?

2) What are the limitations of social network marketing?

3) What makes social networking sites suitable for advertising?

3.0 Study Objectives

The main aim of this study is to evaluate the effectiveness of social network sites as an advertising medium. It also aims to assess the value and usefulness of social networking sites in terms of building brand awareness. Specifically, the study purports to:

· Determine the benefits and detriments of social network advertising

· Distinguish the limitations and challenges of social network advertising

4.0 Methodology

The research strategy that the study will utilize is the descriptive method. A descriptive research intends to present facts concerning the nature and status of a situation, as it exists at the time of the study (Creswell, 1994). It is also concerned with relationships and practices that exist, beliefs and processes that are ongoing, effects that are being felt, or trends that are developing (Best, 1970). In addition, such approach tries to describe present conditions, events or systems based on the impressions or reactions of the respondents of the research (Creswell, 1994).

In this study, primary and secondary research will be both incorporated. The reason for this is to be able to provide adequate discussion for the readers that will help them understand more about the issue and the different variables that involve with it. The primary data for the study will be represented by the survey results that will be acquired from the respondents. On the other hand, the literature reviews to be presented in the second chapter of the study will represent the secondary data of the study. The secondary sources of data will come from published articles from books, journals and theses and related studies.

1 comment:

Mariah said...

Social Network Marketing without a doubt is one of the most efficient means of marketing over the Internet, provided we execute it in a proper manner. This is because the it addresses a greater mass at one go as compared to the other means of marketing. The best platforms for these are the Social Networking site like Facebook and Twitter.

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