Lindsey posed the question "How else do you think technology has changed the way products or
services can be marketed? Do you find internet advertising more
successful or less successful?"
Technology has enabled companies to use social media to reach their
customers. Personally, I don't think that the amount of likes on a media
like Facebook correlates to a successful marketing campaign. I do admit
that a lot of useful information can be distributed and confirmed
through social media. Twitter is how word got out that the new XBox
coming out will a "always on" system that in order to play a game, you
must be connected to the internet. In this case, the leaking of this
information put off a lot of customers from buying the product in the
future but it shows the power that social media can have on influencing
opinions. What are other examples of either negative or positive social
media marketing?
Friday, April 12, 2013
Friday, April 5, 2013
Convenience Items
We all come across the familiar scene when we enter the check-line...A bombardment of all sorts of candies, snack food and magazine. These are placed here hoping that something will catch the customer's eye as they wait. The price will be low for the item but you will receive less for your money that way. I know that I consciously try to keep these two things in mind when I am standing in line. If I look at the candy and see something that catches my eye, I don't purchase it unless I am willing to get out of line to go back to the candy aisle to get the more cost effective version. Are they ultimately getting what they want by my actions when I do this, yes, but I feel more like I was not taken in by the specific strategy they were engaging in. My only admitted weakness when it comes to this sort of marketing is gum. When I see a new flavor of gum I have not tried and they haven't introduced the three packs for 2.00 of it, I usually buy at least one pack of it. How often do you buy these convenience items by the check out counter and what do you find yourself usually buying?
In response to Greg Mathews
Greg posed the question "Why our generation so likely to not oppose or fight against music piracy?"
I think a lot of the lack of opposition comes from the fact that our generation hasn't really had to spend much time where technology to pirate music wasn't available. I remember that my first experiences with pirated music was back when I was like 10. Also some music that cannot really be accessed by conventional means, like anime music. For me, it is easier to just go onto Youtube to listen to music I like rather than actually go out and purchase it. There is the issue of the Youtube downloader which you can convert a Youtube video into a sound file and get a song that way. Do you think that that is why Youtube has gotten more strict about their copyright laws?
I think a lot of the lack of opposition comes from the fact that our generation hasn't really had to spend much time where technology to pirate music wasn't available. I remember that my first experiences with pirated music was back when I was like 10. Also some music that cannot really be accessed by conventional means, like anime music. For me, it is easier to just go onto Youtube to listen to music I like rather than actually go out and purchase it. There is the issue of the Youtube downloader which you can convert a Youtube video into a sound file and get a song that way. Do you think that that is why Youtube has gotten more strict about their copyright laws?
Saturday, March 30, 2013
Gamification
Gamification is the process of applying game mechanics to non-game related things in an attempt. Wikipedia describes the techniques used to employ gamification as leveraging "people's natural desires for competition, achievement, status, self-expression, altruism, and closure". Some of the game like rewards used are points, marks for certain achievements, some sort of leveling system or giving the player virtual money. An example of this is Starbuck use as it relates to Foursquare, which is a smartphone application where people check in to location. Starbucks apparently offer a customized Foursquare badge and gave discounts to people that were/are "mayors" of that location. A mayor is the person that has checked in to that place the most. Have you noticed any other places using gamification to attract customers?
In Response to Will Redding
Will posed the question "Do you think a permanent price match guarantee on all products for local competitors and major online competitors is a good strategy for Best Buy? Do you think
this policy will help with Best Buy's poor stock performance?
"
I think it will ultimately be a good strategy because of how available things are online and the fact that over 75% of electronics are purchased online. The exclusion of eBay makes sense but they are probably the e-place that most places chose over even other online places for the potential to get good deals. I know recently when my laptop charger died, the first place I turned to was the internet in the form of Amazon. I wouldn't know where to even specifically go to find a charger for my specific charger. As much as it is a good idea to offer the service, I don't think it will be too effective because it involves a bit more steps to get the product. If a person is "showrooming", they will first come in to try out the product. If they were to purchase the item, they would have to search the internet for the product and get a refund or something if they find a cheaper priced product on the internet. If they were to just buy it on the internet, it cuts out some of the inconvenience. Do you think there is anything Best Buy can do to improve their stores?
I think it will ultimately be a good strategy because of how available things are online and the fact that over 75% of electronics are purchased online. The exclusion of eBay makes sense but they are probably the e-place that most places chose over even other online places for the potential to get good deals. I know recently when my laptop charger died, the first place I turned to was the internet in the form of Amazon. I wouldn't know where to even specifically go to find a charger for my specific charger. As much as it is a good idea to offer the service, I don't think it will be too effective because it involves a bit more steps to get the product. If a person is "showrooming", they will first come in to try out the product. If they were to purchase the item, they would have to search the internet for the product and get a refund or something if they find a cheaper priced product on the internet. If they were to just buy it on the internet, it cuts out some of the inconvenience. Do you think there is anything Best Buy can do to improve their stores?
Saturday, March 23, 2013
The "Marketing" of Criminals
It is no question that when a mass shooting spree happens, it is going to be the major thing that you are going to see on all the news that day. But for the most part we only hear about the number of victims rather than the about the actual victims themselves. Even more so, they focus on the shooter and why and how they did it because that is more "interesting" to try and figure out their motives. But I've heard the question raised whether or not this is leading to more people to emulate these sort of actions to "carve" their names into people's mind and leave a lasting impression even after their deaths, since most of the stories I heard on the news is that the shooter commits suicide. This New York Times article suggests that most of these mass shooters feel like they are victims of somebody else ruining their lives. The media will delve into the months leading up to the shooting and perhaps making people aware of their "struggles". Do you think if the media covered these shootings differently that these people would have less motivated to commit these horrible acts?
http://www.nytimes.com/2012/12/18/opinion/what-drives-suicidal-mass-killers.html?_r=0
http://www.nytimes.com/2012/12/18/opinion/what-drives-suicidal-mass-killers.html?_r=0
In response to Jullianne Braverman
Jullianne posed the question "Do you find yourself in need of a constant new item or toy? Do you find yourself to be a big spender or saver?"
I don't feel the need to buy the new "in" thing but this is because of my general philosophy of if my current one isn't broken to the point I can't use it anymore, don't get a new one. The only thing that I am a little impulsive with is food by buying snacks I don't need. It is also a matter that I refuse to spend above my means when I work so little during the school year. Also the nature of my purchases are normally craft supplies, so I get weeks of entertainment for around 20. Another thing I occasionally splurg on is entertainment but that is only roughly only a tenth of what I earn a week. What do you think is a reasonable amount to allocate towards entertainment when trying to save money?
I don't feel the need to buy the new "in" thing but this is because of my general philosophy of if my current one isn't broken to the point I can't use it anymore, don't get a new one. The only thing that I am a little impulsive with is food by buying snacks I don't need. It is also a matter that I refuse to spend above my means when I work so little during the school year. Also the nature of my purchases are normally craft supplies, so I get weeks of entertainment for around 20. Another thing I occasionally splurg on is entertainment but that is only roughly only a tenth of what I earn a week. What do you think is a reasonable amount to allocate towards entertainment when trying to save money?
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