Upload
julieta-randall
View
50
Download
0
Embed Size (px)
Citation preview
Running head: SOCIAL MEDIA AND ALTERNATIVE ADVERTISING PLAN 1
Social Media and Alternative Advertising Plan: Westfield Century City
Julieta Randall
MKG350 – Promotion and Public Relations
Colorado State University – Global Campus
Warren, Shalonda
May 1st, 2015
SOCIAL MEDIA AND ALTERNATIVE ADVERTISING PLAN 2
Social Media and Alternative Advertising Plan: Westfield Century City
Executive Summary
Building a social media strategy for a shopping center like Westfield Century City would
create even more revenue for the business that is Westfield Corp., the encompassing company. In
this paper, social media and alternative promotional strategies, key points, copy examples,
competitors’ numbers and analysis, hypothetical expenditures, and a strategic plan for the
company will be mentioned.
Background History
The Westfield Group—now split into Westfield Corp. and Scentre Group—is a 55 year-
old international company that has been creating top-of-the-line retailing and social spaces that
stand out the test of time, always adapting themselves to changing environments and economies.
The core of their philosophy is "retailers serving customers," and it shows in its operations in
Australia, New Zealand, United States, and United Kingdom (2015, Westfield Corp: History).
It’s one of those “success” stories that started as a small business: “Frank Flowy and John
Figure 1: Westfield Century City (credit: Julieta Randall)
SOCIAL MEDIA AND ALTERNATIVE ADVERTISING PLAN 3
Saunders opened a delicatessen in 1955 opposite the railway station in Blacktown, a Sydney
suburb… the pair switched to land development…the United States, with its growing suburban
population and consumer mind-set, would be the next major target (Lacter, 2012).” The fact is
that the Century City shopping mall is one “of the most profitable” and the year of 2014 was
significant to Westfield Corp. because according to Peter Lowy (2015), the "A-IFRS profit was
$582 million for the six month period" and things look good for 2015 (Fair Disclosure Wire).
Monetary allocations to the promotional department should consider how social media could
boost these numbers even more.
Marketing Objectives
To increase social media communication’s department expenditures to be at par to the
competition
To provide immediate support to visitors of these channels, focusing on Instagram,
Twitter, and Facebook.
To engage the audiences in conversations that are relevant to their target market age, with
hashtags and catchy phrases congruent to the existing traditional promotional of the
company.
To promote social and family events that create in the audience a need to keep engaging
in the social media world, following these events.
To make a place for cultural events that are relevant to our changing times, with
comfortable seating and lounging spaces.
To promote visitor engagement within the premises, installing the Westfield official
smartphone app.
SOCIAL MEDIA AND ALTERNATIVE ADVERTISING PLAN 4
To produce consumer promotions such as sweepstakes, contests, and coupons that are
redeemable via the phone app or special codes sent via social media.
Competitive Media Expenditures Analysis
It is important for the communications departments to allocate a significant amount of
funds towards alternative ways of promotion. Salesforce polled 5,000 marketers for the 2015
year and found out that 70 percent of respondents planned to boost it and 66 percent said that
social media was core to their business (2015, Bennett). This trend is not changing anytime soon,
study finds (2015) that social media spending is to rise 150% by 2020 (Coffee).
Social media includes many platforms, but the ones relevant to this study are Twitter,
Facebook, and Instagram. Facebook is the most popularly known, housing “over 800 million
users worldwide…with the largest source of display ads of all social networks, with 17.7 percent
share (Clow & Baack, 2013, p. 255).” Twitter is a micro-blogging service that provides concise
messaging with the possibility of viral hashtag trending and retweeting/re-blogging. Instagram
allows mobile photo and video sharing with the possibility as well for trending with hashtags and
gathering followers and loves/likes.
In order to start to understand what Westfield Century City needs to do to increase their
business via engagement in social media, it is important to compare it to other similar
companies. The examples that will be mentioned are the Houston Galleria (Simon Malls owned)
and The Grove Los Angeles (Caruso Affiliated).
Data Comparison: Effective Reach Levels (as of 2015, April 30 th )
Twitter Account Tweets Following Followers
Houston Galleria 5,053 582 12.4KWestfield CC 4,760 867 2,115The Grove LA 13.5K 736 118K
SOCIAL MEDIA AND ALTERNATIVE ADVERTISING PLAN 5
Facebook Account Likes Visits
Houston Galleria 125,021 449,668Westfield CC 72,529 83,298The Grove LA 111,069 701,285
Instagram Account Posts Followers Following
Houston Galleria 453 2,390 319Westfield CC 695 1,651 509The Grove LA 1,188 41k 204
Observations: Reach Levels. It is abundantly clear that Westfield Century City social
media and alternative advertising is not quite happening. The best numbers are displayed by
Caruso Affiliated: The Grove Los Angeles. It seems that their strategy is to turn to “online
influencers” who are “people who shape purchasing decisions by providing the information or
criteria utilized in evaluating alternatives, such as engineers,” according to Clow & Baack (2013,
p. 68). As Dave mentions (2015), companies are resorting to giving store credit and offer perks
to influencers, such as the case of Chriselle Lim, and Instagram influencer who ended up posting
her recent buy and gathering 12,000 likes for The Grove LA (LA Times). An advantage to this
location is the existence of the Barnes & Noble which holds celebrity signings as well as their
famous “Farmer’s Market.”
Houston Galleria and Grove LA have a lot of followers and user engagement within
Twitter and Facebook. The Grove excels in all of the three social media networks. The Grove
creates customer engagement by creating tags like #WeRunTheGrove2015, seasonal tags like
#summer, #mothersday, or retweeting significant and relevant people who are engaged in the
conversation. They produce outdoor screenings and free yoga events. It seems that what they’re
trying to do is to create a destination, a place to hang out and engage socially, while consuming.
SOCIAL MEDIA AND ALTERNATIVE ADVERTISING PLAN 6
Data Examples: Reach and Frequency. Westfield CC’s reach has several problems: Their
Instagram posts average at 30 likes and 1 comment, their Facebook has poor likeability levels and posts at
seldom times (35 times in the month of April, 2015), and the tweets that come out of their Twitter account
have almost zero likeability (twitter.com/westfieldcc). Their posts look corporate and not retouched with
friendly colors/tones that are inherent to social media posts. To contrast this, let’s look at The Grove: their
Instagram averages about 30 posts per month with 500 likes and 19 comments (with bright contrasting
colors and pictures that “look” like they were done on the spot), their Twitter (in average 20 likes and 10
retweets) engages in conversation with “tweeties” while it also retweets pretty much anything that is
relevant to the brands in the mall. Finally, the Grove LA’s Facebook has significant likeability, with
plenty of shares, about 300 likes per post, and reposts Instagram user’s photos, crediting them like “photo
via Instagram user @paigediaz (facebook.com/thegrovela).”
Media Objectives
The proposal for Westfield Century City branch is to hire a team of four social media
experts, with one director surveying the operation. The manager will take over, directing the
most imperative messages to be sent out in a monthly basis and his/her duty is to pass out
company memos for this location in particular and handle advertising accounts that need the
most attention, while handling SEO and buzzmetrics of trending keywords, timing, and helping
find media influencers. The idea is to create a close relationship with the businesses located in
the shopping mall. The keyword that will always be mentioned is #westfieldcc. One of the
experts will handle customer service and related themes, notifying followers about the hours of
operation and other imperative messages, as well as encouraging people to “check in” unlocking
freebies or promotions in special dates. Another expert will be in charge to find the media
influencers and spokespersons that can help boost the company. Finally, the other expert will
handle events that are taking place in the location, integrating them into the conversation.
SOCIAL MEDIA AND ALTERNATIVE ADVERTISING PLAN 7
Analytical Tools. In order to boost social media performance, website activity and
performance can be analyzed buzzmetrics, demographics investigated in order to be segmented,
and influencers found to increase re-blogging, word-of-mouth, and exposure in all channels.
Finding Target Audiences. Target audiences can be reached better if they are treated as
“personas” who simplify the concept into demographics, constraints (language barriers, internet
access), and needs/wants Many marketing firms opt for seeking out services from people trained
in Nielsen PRIZM segmentation systems. What Claritas' Prism system does is dividing American
households into lifestyle categories according to geographic segmentation (Urban, Suburban,
Second City, Town/Rural, Town, and Rural), life stage group, social group, income producing
assets, age, education, employment, race/ethnicity, household composition, income, household
tenure, and urbanicity. PRiZM applied to the zip code of 90067 works well for our
marketing/advertising concerns. Century City displays these segments of home-owners and
rents: Young digerati, city roots, urban achievers, cosmopolitans, and close-in couples. It
produces an individual median income of $94,107 (PRIZM). It is obviously a wealthy city
surrounded by Beverly Hills, Westwood, and Beverlywood. Tourists and entire families come in
as well as city natives. These are people who can spend their entire day in the open air mall as it
has all the services they need, including child-care and recreational or lounge spaces.
Finding Key Media Influencers. There are many tools in the market to find media
influencers. Sentiments Metrics is a monitoring service that provides sentiment, influencer, and
demographic information. Klout is a popular one which helps discover, research, segment, and
manage influencers, engaging them in “perks” programs. Other top paid services are Traackr,
Linkdex, Little Bird, or PeerIndex (2014, Odden).
SOCIAL MEDIA AND ALTERNATIVE ADVERTISING PLAN 8
Buzzmetrics. One way of measuring the reach of a message is by: the number of likes,
views, and comments on Facebook; retweets, mentions, and likes on Twitter; and
likes/comments on Instagram. Hashtags help to get noticed beyond the existing followers
because everyone can find it and realize that they would like to follow the particular user. Big
companies like Westfield Corp. can afford services from specialized companies that can measure
buzz reach. Nielsen Buzzmetrics is one of them ($40, 000 a year) and they handle all reports
themselves in a quarterly or monthly basis, specializing in engagement, measurement, and
analyzing consumer-generated media, opinions, preferences, reputation, image, issues, and
coming trends (Barker et al, 2012, p. 310). Radian6 ($500 a month) helps to listen, measure, and
engage in ongoing conversations in social media.
Media Plan Details and Documentation
Manage accounts with stores in the mall directly, communicating the need for
promotional information.
The team must inform itself about seasonal and one-of-a-kind events, producing a
calendar for each month.
Reach out to news sites, blogs, and micro-blogs that cover Los Angeles events in order
to notify them as well of events happening in the location.
Find relevant artists via social media that can perform in the premises and can be
useful to the communications department team
Keep monitoring trends via the certified Nielsen, Radian6, and Sentiments evaluation
tools available.
SOCIAL MEDIA AND ALTERNATIVE ADVERTISING PLAN 9
Improve the communication of the social media department with the promotional
department and suggest trending topics that could be turned into events that are
relevant and hip (Example. A yoga event/talk featuring Gap products).
Copy Strategy Statements
Writing copy for social media is difficult to understand in the beginning, but once one
gets the ball rolling, it becomes easy. It is about being congruent with company’s traditional
advertising messages taken to another level. Biddu (2009) mentions how one should ask the
question “What’s in it for me?” and to “make the call to action at once compelling and easy for
the potential buyer to execute.” Social media copy should be timely (right place and right time),
genuine, with purpose beyond pushing the brand, determined with call-to-action, diverse (with
different strong headlines), according to current trends, easy read, and keeping a consistent voice
(Wong, 2014). Moreover, it should stay simple, it should know its audience, and should keep
attention to correct spelling.
Copy Strategies for Westfield Century City.
Re-tweet relevant stories and promotions happening in the location.
Re-post pictures from users who check in and "trend" with these pictures in social
media.
To produce relevant hashtags that are trending next to in-store stories, for example:
#helpnepal #earthday #mothersday #coachella #musicmonday #FlyBackFriday
#throwbackthursday #taxday
To produce fun inspirational quotes that transfer mentally to the customer.
Always sign #WCC when it comes to a communication from the staff to the public
SOCIAL MEDIA AND ALTERNATIVE ADVERTISING PLAN 10
Criteria for Determining Media Values
Financials for Campaign Boost. Social media expert and manager salaries range
between $40,000 -$63,000, which is depending on experience and seniority in the position
(SimplyHired.com; Glassdoor.com). Considering that four employees will be needed, let’s say
that the manager/director of social media earns $63,000 and the two others are at $45,000 (a total
of $198,000 for the department to open, plus company money to spend on social media related
expenses). As previously mentioned, SEO programs in media influencer research and
buzzmetrics would needed, so an account with Nielsen Buzzmetrics would be opened at $40,000
a year (which could serve for all social media sites in the company, not just Century City), the
Radian6 is at $500 at month, and the Sentiments Metrics is at about $570. This totals $250,840
for a yearly social media operation (plus other expenses, as mentioned). Eventually the Nielsen
account can be dropped once the trending ball gets rolling (only if the company finds it costly).
Current and Future Trends. Westfield Labs, or the digital
arm of the Westfield Group, is creating what will be the future
of shopping malls inside the beta testing lab in their San
Francisco Centre (2014, Johnson). They created their
smartphone application that can be downloaded from the
Apple store. It was nominated by Fast Company's "50 Most
Innovative Companies (2015)," creating phone apps like "Dine
on Time." Another development is the creation of Bespoke, a
start-up company that will aim to create a space for creation
and interaction in the retail and tech community with: working
Figure 2: Westfield US App 1
SOCIAL MEDIA AND ALTERNATIVE ADVERTISING PLAN 11
spaces, large event venues, public demonstrations, and pop-up
spaces (2014, McDowell). Westfield Labs will eventually
work together with all shopping centers and their motto is
"converging digital shoppers with physical retail
(www.westfieldlabs.com).
Conclusions
Westfield Century City has good ideas in term of innovative design spacing and
traditional marketing moves (as we can see with their own WestfieldLabs), but it lacks in vision
on how to expand their business to a younger and Internet-savvy audience. With a dedicated
social media and alternative marketing department, they could do so much more with their
shopping towns, engaging the customer in conversation, and wanting to create dialog. Customer
service is key to success and as more people are opting for social media to communicate their
frustrations, needs, and hopes, Westfield Corp should adapt to this trend.
References
Figure 3: Westfield US App 2
SOCIAL MEDIA AND ALTERNATIVE ADVERTISING PLAN 12
Schiffman, L., & Wisenblit, J. (2015). Consumer Behavior (Eleventh ed.). Boston: Pearson.
Clow, K. E.; Baack, D. E. (2013). Integrated Advertising, Promotion, and Marketing
Communications (Sixth ed.). Pearson HE, Inc.
Barker, M., et al (2012). Social Media Marketing: A Strategic Approach. Boston, MA: Cengage
Learning.
Paresh, D. (2015, January 1). Firms turn to online 'influencers' to spread the word on social
media. LA Times. Retrieved from
http://www.latimes.com/business/la-fi-advertising-disrupted-20150102-
story.html#page=1
Odden, L. (2014, February 9). 9 Tools to Discover Influencers in Your Industry.
TopRankBlog.Com. Retrieved from
http://www.toprankblog.com/2014/02/9-influencer-discovery-tools/
Wong, D. (2014, May 9). How to Write Killer Copy for Social Media. Shareaholic Blog.
Retrieved from
https://blog.shareaholic.com/social-media-marketing-copy/
LACTER, M. (2012). IT'S A MALL WORLD. Los Angeles Magazine, 57(6), 82.
Brown, R. (2005). Century City Mall Makeover May Hail MainPlace. Change. Orange
County Business Journal, 28(42), 14.
(2015, March 11). BRIEF: Westfield Group names new president and CEO. Akron Beacon
Journal (OH).
Preliminary 2014 Westfield Corp Earnings Call - Final. (n.d). Fair Disclosure Wire (Quarterly
Earnings Reports).
Biddu, S. (2009, March 27). Writing the Call to Action in Marketing Copy. EzineArticles.
SOCIAL MEDIA AND ALTERNATIVE ADVERTISING PLAN 13
Retrieved from
http://ezinearticles.com/?Writing-the-Call-to-Action-in-Marketing-Copy&id=2150600
Hughes, S., & Beukes, C. (2012). Growth and implications of social e-commerce and group
buying daily deal sites. SF Gate. Retrieved from
http://www.sfgate.com/style/article/Westfield-San-Francisco-Centre-pioneers-new-mall-
5801646.php
Coffee, P. (2015, February 20). Social Media Spending to Rise 150% by 2020. Adweek.
Retrieved from
http://www.adweek.com/prnewser/study-social-media-spending-to-rise-150-by-
2020/109431\
Bennett, S. (2015, January 12). 70% of Marketers Will Increase Social Media Spend in 2015.
Adweek. Retrieved from
http://www.adweek.com/socialtimes/social-marketing-2015/504357
Mccue, M. (2015). MOST INNOVATIVE COMPANIES 2015. Fast Company. Retrieved from
http://www.fastcompany.com/3039608/most-innovative-companies-2015/westfield-labs
Johnson, L. (2014, November 20). This Innovation Lab Is Designing the Mall of the Future.
Adweek. Retrieved from
http://www.sfgate.com/style/article/Westfield-San-Francisco-Centre-pioneers-new-mall-
5801646.php
Howard, B. (2002, January 29). Westfield to Gain Stakes in 3 Malls. LA Times. Retrieved from
http://articles.latimes.com/2002/jan/29/business/fi-rodamco29
Sussman, B. (1986). Free Parking: Century City Shop Mall to Add Theaters, Food Hall. LA
Times. Retrieved from
SOCIAL MEDIA AND ALTERNATIVE ADVERTISING PLAN 14
http://articles.latimes.com/1986-04-06/realestate/re-24819_1_century-city-shopping-
center
Westfield Corp (2015). OpenSecrets. Retrieved from
http://www.opensecrets.org/pacs/expenditures.php?cycle=2014&cmte=C00343392
Official Websites
Claritas’ PRIZM: Nielsen Market Segment Tool. Retrieved from
http://www.claritas.com/MyBestSegments/Default.jsp
Caruso Affiliated (2015). Retrieved from
http://www.carusoaffiliated.com/
Sentiment Metrics (2015). Retrieved from
http://www.sentimentmetrics.com/pricing/
Simply Hired (2015). Social Media Experts. Retrieved from
http://www.simplyhired.com/salaries-k-social-media-expert-jobs.html
Westfield Labs (2015). Retrieved from
http://www.westfieldlabs.com/
Westfield Century City Instagram (2015). Retrieved from
https://instagram.com/westfieldcc/
Westfield Century City Facebook (2015). Retrieved from
https://www.facebook.com/WestfieldCenturyCity
Westfield Century City Twitter (2015). Retrieved from
https://twitter.com/westfieldcc
Houston Galleria Twitter (2015). Retrieved from
https://twitter.com/HoustonGalleria
SOCIAL MEDIA AND ALTERNATIVE ADVERTISING PLAN 15
Houston Galleria Facebook (2015). Retrieved from
https://www.facebook.com/HoustonGalleria
Houston Galleria Instagram (2015). Retrieved from
https://instagram.com/houstongalleria/
The Grove LA Twitter (2015). Retrieved from
https://twitter.com/thegrovela
The Grove LA Facebook (2015). Retrieved from
https://www.facebook.com/thegrovela
The Grove LA Instagram (2015). Retrieved from
https://instagram.com/thegrovela/