Marketing in different ways using B2B and B2C companies
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1. What are different ways that B2B and B2C companies can each use social media?
2. I agree that Word of Mouth promotion of your business is one of the best tools you can use to find new customers. The key is making sure that your existing customers are talking about your business. If you are a local store or service, you want people talking about you locally. If you reach a broader audience, you need people to be talking online about your service or product.
Can a business help people promote the product or service to their friends? If so, how?
3. What are some pros/cons to controlling the supply of your product during the holiday rush and producing a quantity of product that may limit availability?
4. Anyone following the business news in the last few weeks has probably read about Netflix and the very public issues they are having with their strategies. It was just reported that they lost 800,000 subscribers in their last quarter. This comes at the same time as their announcement of international expansion.
You can read more at the below link:
http://money.cnn.com/2011/10/24/technology/netflix_earnings/index.htm?hpt=hp_t1
How do you think their recent issues are going to impact their international expansion? Is this a good time to expand and 'start-over' in a new market? Should they fix the issues in the US first?
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Solution Summary
This solution discussed B2B and B2C, controlling supply of your product during the holiday rush and Netflix.
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1. What are different ways that B2B and B2C companies can each use social media?
The different ways that B2B and B2C companies can each use social media is important. First of all, they can utilize Facebook, Twitter, and a plethora of other social networking sites in order to advertise on them. This means making sure that they have a business account set-up as well as a fan page. They can also use the opportunities to advertise their company through what is available to organizations that have a profile through these websites. These can make all the difference in whether or not they gather in additional individuals to buy their products or services on a regular basis.
They can also consider using Google to find out what other social media sites are available, and for them to do whatever is needed to get word out and make friends through them. For example, the more friends they make, the company is more likely to gain more customers through relationship building with each one of them. This can make all the difference on whether or not they grow or decline in their business endeavors, especially since technology is ever so prominent in our world today. They are able to also use it for web meetings with various companies and employees within and outside of the organization. In the end, everyone benefits, which makes it all worth it.
2. I agree that Word of Mouth promotion of your business is one of the best tools you can use to find new customers. The key is making sure that your existing customers are talking about your business. If you are a local ...
Purchase this Solution
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