August 2023 issue contents
"SYNERGIZING SOCIAL MEDIA MARKETING WITH FRANCHISING TOWARDS UNLOCKING BUSINESS GROWTH AND ENGAGEMENT"

Dr. A.Saraswathy

Abstract

In today's fast-paced and interconnected business environment, the fusion of social media marketing and franchising has emerged as a dynamic strategy with the potential to propel business growth and elevate customer engagement to new heights. The digital revolution has redefined communication and interaction, while franchising has showcased its ability to expand its brand presence. This paper explores the symbiotic relationship between social media marketing and franchising, illustrating how their harmonious integration can not only accelerate business expansion but also revolutionize customer relations and loyalty within an ever-evolving market landscape. The research collected and analyzed data from 243 respondents to investigate the synergistic effects of these two dynamic approaches. The digital age has reshaped business dynamics, and franchising offers a proven framework for brand expansion. Through a comprehensive analysis, this study sheds light on the strategic advantages, challenges, and best practices associated with this powerful amalgamation, offering valuable insights for businesses seeking innovative avenues for sustainable success. Quantitative data were analyzed using statistical techniques, while qualitative insights were extracted through thematic analysis, offering a comprehensive understanding of the integration's effects. The integration yielded heightened brand visibility, effective local targeting, elevated customer interaction, increased satisfaction, and greater loyalty, contributing to significant business growth and engagement improvements. This underscores the transformative potential of integrating social media marketing with franchising.

Keywords:Synergy, Social Media Marketing, Franchising, Business Growth, Customer Engagement.