Q1 in What Ways Were Social Media Effective in Promoting The Exchange Brand? Which Media Led To The Highest Increase in Sales and Inquiries? Why?

SUMMARY
The Internet has reduced the costs of starting a small business, and allowed small players to
effectively use the same marketing and selling tools as major corporations. This may be a very
small market, but its members are highly motivated to both buy and sell horses, and they are
willing to spend in the process. According to Dagny Amber Aslin, founder and owner of
ExchangeHunterJumper.com, a Web site created to help owners and professional trainers sell
high-end competition horses, it's hard to "get rich" or even make money on the Internet. Aslin
started with applicable experience in the horse world and in the world of Internet marketing.
While working in the horse business, and learning how difficult it was to make a living, she took
a part-time job as an assistant to a top California real estate agent, helping him market and sell
high-end real estate in the Santa Barbara area. It included detailed forms for sellers to fill out,
and she insisted that quality photos and video be provided for each horse advertised, enabling
her to turn the descriptions into accurate portrayals of each animal and its capabilities. In order
to remain true to her business goal of providing a reliable service to profes sionals in the horse
industry that would become a source of good horses described accurately, Aslin personally
reviewed all potential advertisers. It was a hard and expensive premise to adhere to when
building a reputation from scratch, but through persistence and dedication it has worked, and
today, The Exchange's reputation and "brand" has become one of its most valuable assets. In
discussing some of the obstacles she faced in getting The Exchange up and running, Aslin starts
with education her own or lack thereof, specifically in the areas of graphic design and Web
technology. Through a combination of knowledge of the marketplace, on-the-job training,
perseverance, and listening to what the market was telling her, The Exchange has successfully
begun to fill that void. Trainers/sellers who sign up for a premium listing pay a flat $250 fee for
the initial advertisement and a subscription fee of $35/month, which includes a listing on The
Exchange's Web site featuring the horse's details, photos, show record, lineage, and videos. In
2012, The Exchange added a second listing alternative a Sale Barn listing for $300 a month or
$3,000 a year, that allows for listing of up to 10 horses. Aimed at high-volume operations with
frequent turnover, the Sale Barn page can link to the seller's Web site, YouTube, Facebook, and
Twitter feeds, if available, with the goal of increasing overall brand awareness for the seller's
business. With the addition of monthly campaign management, The Exchange helps keep each
horse's marketing fresh and up to date. So, for example, a seller can indicate that the horse is a
"jumper" and questions specific to jumpers will be displayed. She built the original site herself
in 2005 and updated it almost yearly in response to her target market's needs. For instance, she
has also spent considerable time and expense to make sure The Exchange's Web site, including
video, works just as well on mobile devices as it does on a traditional laptop or desktop
computer. In addition to the Web site, The Exchange uses a variety of other marketing strate
gies, including e-mail campaigns, magazine advertising, and word of mouth.
Q1 In what ways were social media effective in promoting The Exchange brand? Which media
led to the highest increase in sales and inquiries? Why?
1. It has grabbed attention of potential customers
2. It has increased visibility of the brand
3. It has provided customer feedback and helped improve its services
4. Feedbacks of certified customers have validated the business.
Presence on Facebook has been most successful in generating web traffic and leads. Followers
of the Facebook page are greater than those on twitter or any other social media website.
Q2 Make a list of all the ways The Exchange attempts to personalize its services to both
buyers and seller
• Works with individual sellers and trainers on the sell side to create effective ads,
including photos and videos.
• Develops a personal strategy for each horse (horses have personalities too!).
• Buyers fill out forms and expected budgets.
• Personal e-mail responses to buyer queries.
• Searching for suitable horses
• Making recommendations

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