Economy of Social - Social Media Tips, Marketing and Business

Social Media has been termed as an effective way to build relationships. Brands are trying to harness this capability by building social presence on this new media. Celebrities today account for the maximum amount of followers on the web with twitter being a fine example for this. But is this new media effective in creating relationships with this vast list of followers, which celebrities often tend to have? In an interesting research by Lee and Jang , they explore the effectiveness of celebrities in building social presence on new media. They compare twitter and a news website to check the relative effectiveness of enhancing social presence. While the traditional PR machinery used by celebrities might give them news coverage, they contend that their tweets can reduce the barrier of relational development as compared to a news website. Their findings are counter-intuitive and very interesting.

Computer games always had a negative correlation with my grades. Although I have never been an addict, I've had phases where I spent long hours playing Age of Empires, Counter Strike and Cricket 97. The answer to the reasons behind the phases of playing them in excess has been found by some recent research. Bowman and Tamborini in their recent research published in the New Media and Society argue that a computer game play has the potential to intervene in noxious mood states. It is due to the fact that it is simply a more demanding task.

Hindustan Unilevel, India's largest consumer products firm, along with Ogilvy, has partnered with more than 100 dhabas and hotels at the Kumbh mela site to serve rotis that are stamped with "Lifebuoy se haath dhoye kya?"   Economic Times reports that the company has made special heat stamps to make an impression of its message on rotis and hired 100 promoters to stand in 100 kitchens across the mela. The campaign started on February 1 and will run for 30 days. The company hopes to put the hand wash reminder on 2.5 million rotis.

The first phase of social media marketing was dominated by the race for numbers - A greater fan base meant success. To be fair the metric was an easy way of determining success of social media marketing. The only problem was that it did not factor in existing equity of brands. As a result strong brands quickly reached million follower count. This was more a result of the effort given in by previous brand managers. Social media marketers simply harnessed this existing equity.