Walmart’s social media strategy is two pronged
where in the primary objective is to make customers and potential customers recognize
Walmart offers the lowest prices compared to its competitors in the industry with
a mission to is to save money so they
can live better lives and second
objective is to protect, defend and enhance Walmart’s reputation. For
Walmart, interactions with customers on social media have proven to be a
pivotal of their marketing efforts. Walmart benefits from a staggering flow of daily engagement that
spikes during November, the peak holiday season when customers drastically
increase their spending. The objective behind the corporate affairs
social effort is to have meaningful social conversations to influence
perceptions about Walmart.
Walmart partnered Google, and that has a local
bent, incorporating inventory at nearby stores into Google search results. If
you search for any product Stephen F. Quinn, chief marketing officer at Walmart
explained, Google will tell you if you’re local Walmart have that product in
stock, and it will tell you that store’s location. Walmart started
experimenting with this process since 2012 and has increased its efforts for
the holidays. Walmart uses Facebook to announce its local store manager’s
special on the various offers and discounts in its stores as these offers
differ from store to store. Walmart marketing runs the sales side of
digital at Walmart where four thousand of the 10,000 Walmart stores have their
own Facebook pages.
Walmart predominantly depends on half-million
monthly pieces of user-generated content on Facebook and Twitter. Walmart
has enjoyed 60,000 daily interactions on social media across 7 dedicated social
handles and claims a stunning 10x ROI. With 31 million Facebook fans, more than
any other brand on the network, it is no surprise that on Black Friday last
year, Walmart received comments at a rate of 42 per minute. "We have ROI
that's really strong. And, it's transforming our organization. This level of
engagement we now have with customers is changing a whole bunch of other
aspects of our marketing," said Walmart marketing Chief Stephen Quinn.
Walmart social
media strategy is to use its online
platforms to connect with consumers and generate sales. Walmart identifies
influencers on various social networks and communicate directly with them about
programs such as natural disaster relief efforts or the number of honorably
discharged veterans the company has hired to date (30,000) on the way to its
goal of 100,000 hired by 2018. Walmart also stopped paid promotions that led to
gaining of followers on social media sites. In 2013, Walmart's average reach
through Facebook was 474,000 with an engagement rate of just under 3
percent. In the first two months and 18 posts into 2014, that reach had climbed
to 2.4 million and engagement had nearly doubled to 4.7 percent. Walmart ultimately uses social media to
present a positive face of the company, benefit the customers and also increase
sales for the company.
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