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A Personal Brand through Blogging PDF

172 Pages·2013·9.55 MB·English
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A Personal Brand through Blogging – Its position and influence on consumers ! Master Thesis Copenhagen Business School 11.11.2013 Authors: Anette Løken, Cand. merc - International Marketing and Management Ane Beate Haugen, , Cand. merc - Management of Innovation and Business Development Thesis Advisor: Liana Razmerita - Department of International Business Communication Number of Characters : 272 753 Number of pages: 120 !"#$%&'()*(+($,- First of all we would like to thank our thesis advisor, Liana, for all the help and valuable directions throughout the thesis process. We would like to further express our appreciation for her insights and inputs that have been of great value for the progress and result. Additionally, we want to show gratitude to our family and friends that have been very supportive and encouraging throughout this process. We also would like to share thankfulness for showing understanding for the time and effort this thesis has taken. We could not have done this without you by our side. Lastly, we would like to give a special thanks to each other for great and challenging discussions, for new insights and understanding, and for a good collaboration. It has been a tough but informative process that has given us valuable knowledge in many ways. - - - - ii !./,01",-- The use of social media and in particular blogs has increased rapidly the last years. Blogs are utilized by marketers but the field is lacking knowledge about bloggers ability to create value, and thus become beneficial communication channels to take advantage of. It is further required more research on how social media influencers, especially bloggers, are perceived by consumers. Perceptions are impacting bloggers’ influence, defines their brands, and consequently the credibility of their information and communication. It is researched how individuals have created a brand through blogging that is positively recognized and valued in the market. Additionally, the study is investigating how personal brands influence consumers. For marketers there is a need to achieve a clearer understanding of the effect of exploiting bloggers as a marketing tool to reach and influence consumers. It is utilized Web 2.0, blogging, communication, and personal branding theories to build a foundation to analyze and answer the research question. A mixed approach of quantitative and qualitative methods has made it possible to identify factors and reasons to how a personal brand is created by a strong blog brand. The data also made it possible to detect how bloggers are influencing consumers. The study shows that people create valuable personal brands through blogging by displaying authenticity, knowledge, new and inspiring information, and creating close relationships with readers. Bloggers are found to be credible communicators and hence perceived as valuable search options for information. This study demonstrated that bloggers are found to influence consumers’ choices, opinions, and actions. Commercial content communicated by bloggers is viewed as more credible than traditional marketing. Findings indicated that blogging provides value to an individual’s personal brand in terms of self-expressing knowledge and passions that means that people can attract new businesses- or career opportunities. The position bloggers have in reaching and building close relationships with readers, demonstrates that markers should exploit bloggers’ communication channel and influence power to interact with relevant target consumers. ii i "#$%&!'(!)'*+&*+! 1.0 Introduction .................................................................................................................................... 1! 1.1 Problem Definition ......................................................................................................................... 3! 1.2 Research Questions .................................................................................................................... 4! 1.3 Purpose and Delimitation ........................................................................................................... 4! 1.4 Motivation .................................................................................................................................. 5! 2.0 Theoretical Background ................................................................................................................. 6! 2.1 Web 2.0 ...................................................................................................................................... 6! 2.2 The Blogging World .................................................................................................................. 8! "#"#$!%&'!()*+*,-&'.'!#############################################################################################################################!$"! "#"#"!/*012301*4,!5*.!6)*++14+!################################################################################################################!$7! "#"#8!9*:!0*!;.'30'!3!,<;;',,5<)!6)*+=!###################################################################################################!$>! "#"#7!%&'!-*:'.!*5!6)*+,!?!;.'3014+!3!-'.,*43) 4.0 Presentation of the Case Studies .................................................................................................. 51! 5.0 Empirical findings & Analysis ..................................................................................................... 55! 5.1 RQ1: How to create a personal brand trough blogging that is valuable and positively recognized by consumers and marketers? ...................................................................................... 57! >#$#$!P,,'4013)!')'I'40,!5*.!,')5?'Q-.',,1* ,-.!/*+0'123+4'*! The Web 2.0 has opened up for new possibilities for business and communication through new media channels. In e.g. with social media some businesses have become obsolete while others have come to live, which can be seen in the fashion industry. The fashion industry has been dominated by traditional marketing channels. Products or brands covered in the media are considered to be superior, and fashion periodicals thus have become a vital source of information and inspiration. By this, fashion magazines and journals have been able to create a form of consumer intimacy that has provided them with credibility and a large readership. Yet, with social media becoming more central and popular, entrepreneurial consumers have started to increasingly dominate the digital media channels (Pihl & Sandström, 2013). Social media refers to activities, practices, and behaviors among communities of individuals who gather online to share information, knowledge, and opinions utilizing conversational media. Conversational media can be described as web-based applications that allow creating and transferring content in forms of words, pictures, videos, and audios. In former research, blogs have been identified as one of the various social media platforms (Mohammadian & Mohammadreza, 2012). “In some industries, blogs have become popular and powerful intermediaries between firms and consumers, reaching more readers than regional newspapers” (Pihl & Sandström, 2013:310). In e.g. it has been identified consumers that write about fashion and trends through blogs that have become so popular and powerful that they are readership competitors to traditional media (Pihl & Sandström, 2013). Several fashion brands are using social media activities to gain direct feedback from their customers. An example is to invite fashion bloggers to front seats of fashion shows or to events. The bloggers updates their followers constantly with feedback from the show or event on their blog and other social media accounts (Kim & Ko, 2012). Hence, communities, networks, and the developments in information communication technologies have enabled the average consumer to become an active participant in creating and recreating value (van Heerden, 2010). However, even though blogs have become more professional with time, literature is still lacking information and data regarding the commercial aspects of social media and blogs. According to Phil & Sandström (2013) a lot of research has been 1 conducted on formation of blogging communities and several various usages of blogs such as knowledge management and data mining, but the level of knowledge about how bloggers make money and how they create value is small. Based on former research within social media, social media influencers (SMIs’) have been identified to impact the sphere. SMIs’ represent a new form of independent third party endorser who shapes audience attitudes through social media platforms and applications such as blogs, tweets and other social media networks. The characteristics of effective spokespersons have been identified, but little research has been done on how the audience perceives these SMIs’ (Freberg, Graham, McGaughey, & Freberg, 2010). Hence, there is minimal information about what kind of position these individuals have in the consumers mind. This creates challenges for firms when linking SMI’s to their products or services through advertising or reviews. This is because consumers’ perceptions of the brand’s SMI’s are impacting its image, and thus vital to create a positive attitude towards the brand (Freberg et al., 2010). Blogging has become one of the most popular social media and networking tools. A blog can be defined as a personal web page with content displayed in reverse-chronological order (Moen, 2012; Pihl & Sandström, 2013; Scott, 2011; Scoble & Israel, 2006). With social media consumers are directly engaged in creating content and news, and therefore becomes a part of the media. People share opinions, insights, experiences, and perspectives with each other. Blogging is argued to be one of the most popular mediums where individuals are involved by being a part of a conversation (Thevenot, 2007). Approximately 120,000 new blogs are being created every day, equivalent about 1.4 blogs every second. Related to these blogs, about 1.5 million posts are created daily, which corresponds to 17 posts per second (Thevenot, 2007). A lot of resources have been invested to find out how firms can utilize blogs but there has not been a lot attention to how bloggers can create and capture value, especially in industries where blogs have become commercial intermediaries between companies and consumers. To become commercially successful, bloggers must create value for readers and be able to capture this value (Pihl & Sandström, 2013). 2 ,-,!50'$%&6!7&(4*4+4'*! With increased focus on developing a personal brand in a highly competitive marketplace it is valuable and interesting to research how certain individuals have created a successful personal brand through blogging. Personal branding entails being able to market one-self to others and manage their personal brand in terms of how one wish to appear and be perceived by others (Labreque, Markos, & Milne, 2011). Moreover, as Morgan (2011:13) states “Branding success indicates building value for the quality of your work and differentiating your future value potential”. A distinct and clear personal brand that attracts potential partner or opportunities is becoming more crucial in an online world where everyone is present. Thus, the ways individuals self-express are of high importance. It is a lot of literature, information, and advices on what a blog should contain, motivations for blogging and return of investment of utilizing social media in marketing. However, there has not been a lot of research conducted on the success factors that differentiate the most powerful bloggers in the market from others. Based on the recent study performed by Pihl & Sandström (2013), there is lacking research on how popular bloggers have created a successful personal brand through their blog and what kind of position they have in the market. Thus, how value is developed, captured, and taken advantage of within blogging. In addition to the advantages above this research will also be beneficial for firms in order to achieve a better understanding of the relationship between bloggers and their readers. This relationship is of value because it will provide understanding of how consumers relate to the information and content the bloggers communicate, and the potential to influence. Accordingly, this might deliver knowledge to companies in how to utilize bloggers in a more advantageous way. Due to increased attention to bloggers and their popularity among consumers many brands choose to incorporate blogs in their marketing strategy. One of the reasons for why 1 companies access blogs is that they can through blog text-mining estimate trends and analyze how brands are perceived by the bloggers and the readers (Pihl & Sandström, 2013). However, there is not substantial research conducted on if or how successful bloggers have impact on their readers. This information might be very important to 1 Is one way to make qualitative data usable by a computer; http://infospace.ischool.syr.edu/2013/04/23/what-is-text- mining/ 3 brands because it will provide insight of how much impact bloggers have on the consumers when advertising for the brand. Thus, marketers will have an indication on how to work with bloggers in terms of creating brand-awareness and loyalty, and reaching existing and new customers. ,-8!9&:&#03;!<2&:+4'*:! Based on the problem definition the research aims to answer the following research questions: RQ1: How to create a personal brand trough blogging that is valuable and positively recognized by consumers and marketers? 1.1. What does a personal brand through blogging provide of value, benefits, and opportunities for bloggers, consumers, and brands? 1.2. What kind of position do these personal brands hold in the market? RQ 2: How do bloggers or personal brands influence consumers and trends in the market? ,-=!520>':&!#*1!7&%464+#+4'*! When writing a thesis it is important to state a specific purpose, as this will be a guide to find the appropriate method to be able to answer the research question. According to Halvorsen (2008) the purpose is to prepare contingent and scientific assumptions. In the problem definition it is stated that this thesis aims to research how bloggers have created a successful personal brand and what kind of position they have in the market. The purpose of the thesis is therefore to uncover the underlying reasons to why these specific bloggers have succeeded in creating a personal brand. Furthermore, increasing the understanding of how bloggers are able to influence consumers which is argued to be very useful for marketers (Orth & Malkewitz, 2008). The purpose of this thesis is not to offer recommendations to new bloggers on how to become a successful blogger. It is rather to offer an insight on elements that create strong blog brands, and the actions of both bloggers and consumers as to call attention to how firms can leverage this. The theoretical background together with analyzing data of 4 successful elements in blogging that leads to influence on consumers will provide findings and suggestions for further studies. The research in this thesis is directed at Norwegian and Swedish bloggers, and thus will 2 reflect a tendency in these countries only. According to Moen , Norway and Sweden are the blogging spheres where it is most young girls writing about their daily-life. He further states that most blogs outside Norway and Sweden involves genres like technology, fashion, politics, or economics. Consequently, it might be that the data and results would be different if the study were carried out in other countries. Furthermore, it is assumed that the use of blogging might differ in other countries. Due to the limited scope of the thesis it is decided to emphasize on blogging, and not include other social media platforms they exploit such as Facebook (FB), Twitter, and Instagram. This is because the bloggers employed in this study have primarily built up their personal brand through blogging, but they are also utilizing the other social media platforms to communicate and gain awareness about their blog. ,-

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