Social Media Marketing

What do you think of when you hear BMW? Luxury? Money? Well yeah, those are pretty valid thoughts. I bet you don't think of Generation Y, the 20- and 30-somethings, buying a brand new BMW. But thanks to social media marketing, more and more of the younger generation is getting into the luxury car industry. 

BMW is targeting the younger market with social media campaigns on Facebook and Twitter. And luckily for them, they're eating it up! "BMW claimed a $110 million revenue gain for its 1-Series line by wooing customers with a Web-only campaign." BMW has 54 different Facebook pages each targeting a specific audience. They were even ranked number one in an aptitude index showing the effect of social media on luxury brands. Clearly, BMW is using social media marketing to its advantage.

BMW also uses traditional marketing to also appeal to their more traditional audience. In order to grow the brand, they must grow their marketing to appeal to multiple audience. By using both social media marketing and traditional marketing strategies, BMW can gain a larger audience and potential buyers. “We see social media as a key component to all of our marketing and communications strategies,” said Trudy Hardy, Manager BMW Marketing Communications and Consumer Events.” I think Trudy Hardy knows what she's talking about.

Sources:
http://www.sfgate.com/business/article/Social-media-driving-young-buyers-to-luxury-cars-3631074.php
http://www.bmwblog.com/2011/06/02/bmw-ranked-1-in-social-media-aptitude-by-digital-innovation-think-tank-l2/