Social networking sites are beginning to change the face of business in a digitised India with companies adopting a marketing mix of online campaigns, promotions in print, television as well as road shows to reach out to people.
With nearly 10 million people accessing the internet in
Social networking sites like Facebook, YouTube, Twitter, Orkut, Linkedin, hi5 and hundreds of brand-specific sites created by manufacturers are helping companies listen.
If the purpose of advertising is to influence consumers' purchases, our research shows that there is another way to influence their behavior. Imagine that Sony wants to promote its new digital camera. Sony can either advertise on Facebook and accept a very low click-through rate, or give away free cameras to several Facebook members (potentially at a lower cost than advertising) and generate a viral campaign. Our research shows that this viral campaign is possible. We further show what types of users are more likely to be influenced by such a campaign.