What is social media? The mid of the twentieth century saw keen interest amongst people for communication with the use of Phone Phreaking, Bulletin Board System and Commercial Online Service. Then the World Wide Web came into existence which paved way for the future favorite- Social Media. Social Media is a platform for interaction. Internet usage is essential to connect to any social site. The technologies used to facilitate the social media are not complex. These technologies turn communication to interactive dialogues. Users are allowed to create as well as exchange content. These contents are easy to publish. Business houses classify social media as a consumer generated media (CGM). Common threads run all way through the definitions. Technology and communication joins hands to co-create values. The foundations of Web 2.0 are commonly used.
The usage of social media in India is increasing at a mind-boggling rate. The social media sites popularly used in India are ‘Facebook’, ‘LinkedIn’, ‘Orkut’, YouTube’, ‘Blogger.com’ and ‘Twitter’. Techno-savvy professionals are using the social media for personal networking and talent hunting. The telecom, travel, consumer product and financial services use the social media in India more effectively compared to the other industries. A novel usage of social media in India was observed in 2009. This vehicle was used to influence voters
Current Patterns of Usages of the Social Media: The social media is gaining more and more popularity. In India, roughly 80 percent of the internet users consume this media for more than two hours per day. This is much higher than the usage rate of any other media in the country. The increase of the popularity of the social media is resulting in less usage time on all the other medias. Around 85 percent of the internet users visit the social networking sites. Almost 91 percent of the users of the social sites are hooked to the ‘Facebook’. Out of the total population of social site users approximately 35 percent are students. The youth of the age group 18 to 40 rely heavily on the social media.
Utilities of the Social Media: At present, the social sites are being used not only for communications at personal levels but also for professional purposes. Indian organizations are increasingly using the online social platforms to connect a dispersed workforce. Recruitments through social sites are also in vogue. While information technology (IT) firms are in the lead (mainly to foster communications), the consumer product makers are discovering the potential of social networking sites as brand promotion tools.
Advertising Via Social Sites: Currently, sophisticated online monitoring tools are available to enable the ‘Listen- Understand- Engage’ model. But, still most Indian companies use the social media as a broadcasting tool rather than using it as a participation tool. However, many companies are using this media to track talent, upgrade products or services, generate awareness, generate leads, increase sales and retain customers. The social media in India is a model-advertising vehicle for selected inventories. It facilitates advertising. Companies or individuals may purchase inventories on Cost-per-Mille (CPM) or Cost-per-Click (CPC) basis. Brand page or fan page creation facilities are available. Users may become fans of a particular brand. Users can join discussion groups. Companies can create their own pages and motivate users to remain connected to them by interesting contents and regular contests. The social media is generating huge success in the field of advertising. A recent example of such a success was the popular campaign ‘Sunsilk Gang of Girls’.
Advertising via this channel (social networking) is generating huge sales. Currently, the social media follows the mode of two-way communication, even while advertising their products. They are also utilizing this media to reach out to elusive customers in multiple markets. There are two different methods in which advertising is carried out on the social sites. One is being present- where the advertising companies pay and buy space. The demographics of the users and the effective keywords are studied before utilizing the space in an effective manner. The second mode is more powerful and interesting. Here, customers endorse the brands. Referrals are always more effective than mere claims by the brands.
In India, the social media is more beneficial for reaching new customers and increasing the client base compared to maintaining rapport with the existing customers. This media increases the fan following for the brands. Companies are using this tool (especially for creating awareness). Now-a-days, any careless mistake on the part of any organization can result in havoc for them. They need to take well-calculated steps.
The demographic details of the social media users in India indicate that the professionals earning above 10,000 rupees per month use the social media more than the others. So, the audience who can be targeted at via this media can be easily reached. The products and the services which should be advertised in the social media can be brain-stormed keeping the financial status of the social media users in mind. Students use the social networking sites in a high volume. Products and services intended for students can be effectively advertised in the social media. They may not have purchasing power, but if they are convinced of a product – they may seek help of their guardians to avail the same.
While advertising in the social sites the popularity of the sites in India or that particular region is of prime importance. Till the recent past ‘Orkut’ was the most popular social networking site in India. Now, ‘Facebook’ enjoys far more popularity than any other social site. Hence, it is advisable for advertisers that before trying out their luck in this media- they know more about the popular sites of the geographic location. In the world of internet, everything is changing very rapidly. Therefore, the strategies should be short-termed (at the most for six-months). The habits and choices of the users are dynamic, and are changing very fast in this new age. Orkut was the most popular site prior to the entry of the Facebook. The cool users in India quickly migrated to Facebook because it had more features, functionalities and was more happening!
These truths are to be noted by individuals, companies and advertising agencies if they are zealous to generate more revenue. Conventional wisdom of marketing states that a brand should be present where the users are.
