Sunday, December 12, 2010

Privacy Issues for consumers

Online privacy has become a major concern for consumers in today’s world. Big companies are collecting consumer data but consumers are not able to set their privacy settings they want it. For example: Companies like Google are collecting your location data every time you log in through your mobile. Your location details are immediately tracked and this is used for advertising and marketing. Advertisements of different places like restaurants, stores etc start popping up automatically. This makes it very vulnerable for consumers in terms of privacy. This means that Google most of the times has a pretty good idea of where the consumer is which is clearly privacy infringement. The option for not collecting the data at that moment is given but to permanently turn it off has not been implemented yet.

Some websites collect your information without informing the consumer or even without the consumer realizing it. If you visit certain unprotected websites, you can notice that you start receiving emails in your junk folder because at one point this information was collected and then distributed to other people making your personal information vulnerable. There is a very high possibility that when these unprotected sites were visited, ‘Trackers’ (Spyware, Adware) are downloaded onto your system and anonymously selected.
The FTC has designed some rules which helps protect consumers and their privacy but to implement this world over.https://www.eff.org/wp/effs-top-12-ways-protect-your-online-privacy shows different ways in which consumer privacy can be protected. Facebook is a good example of protecting peoples’ privacy. People can modify their privacy settings in order to let others view only what they want about themselves. But even this is not totally secure as we have noticed, we see a lot of advertisements depending on the location we are logging in from. This shows that our location information is being shared with advertisers. The only privacy people get is sharing their information with other Facebook users. So no matter what people do and not give information out in public, they are not able to protect themselves from marketers. Companies  should have an agreement with consumers if they are willing to share their information like age,sex, location etc as this could help the customers in getting better deals, offers and also knowing about the different places and what is happening around their location. The information of only those consumers who are willing to share it has to be shared and who will be benefited from it. In this way the consumers, portals and marketers will be working with each other harmoniously and they will be benefited from this. 

Sunday, November 28, 2010

Social Media, the key to Small Business success in entertainment

Social media has been a boon to marketing in a big way. It helps in marketing products varying from automobiles to electronics to entertainment and practically in most industries. The social media has changed the outlook of the entertainment industry across the globe. Fans are able to follow their favorite artists on Twitter.For example: If there is a big music festival with many DJs' playing, each of them keep updating how the party is going and many a times post the tracks they are playing so that their fans can listen to them on websites like youtube. This allows the fans to read about the other artists playing at the party. This is a big way for artists to become famous and if they are already famous, to become more famous!!http://www.facebook.com/event.php?eid=181285858554049 shows how DJ Ramirez's party is being promoted in Mansion night club. They post about their future events which would help the fans to plan for the event. This is very cost effective also as there would be no promotion required for the artists to keep in touch with their fans and they will be able to instantaneously broadcast their events to people all over the world practically free of cost.

The clubs all over the world promote themselves on Facebook. When people view that their friends are going to some party or event, they could also plan accordingly.It is very convenient and also saves a lot of time. For Example: When I RSVP to an event, this would show up on my friends' walls. Whoever would be interested could easily co-ordinate with me and join me for the event. This would save me time and money, which without Facebook, would mean that I would have to text or call my friends to join me.

The fan pages for clubs and artists are always updated on Facebook which would mean people can easily decide what they would like to do and which would be the most appropriate place for them to be at. Also these pages help connect people from different parts of the world who have similar interests.communicate and maybe become friends and share their culture.

Social media helps both the customers and the clubs/artists to communicate effectively and instantaneously with each other. This helps in building strong loyalty which I consider very important for any kind of business to be a success.