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Valassis social marketing analysis

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Valassis social marketing analysis

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• As the captain, leading the whole team on designing an integrated social strategy plan for the direct marketing company, Valassis, to reach high value markets to increase social awareness.
• Used statistics resources like InfoUSA, and social analysis tools like Radian6, to determine the target markets and did the real-time social monitoring.
• Applied the Social IMC Marketing Strategy to create the empowering concept and total community concept for Valassis in the two target markets, passion market and trigger event market.
• Created the detailed marketing budgets and calculated the ROI for each market.

• As the captain, leading the whole team on designing an integrated social strategy plan for the direct marketing company, Valassis, to reach high value markets to increase social awareness.
• Used statistics resources like InfoUSA, and social analysis tools like Radian6, to determine the target markets and did the real-time social monitoring.
• Applied the Social IMC Marketing Strategy to create the empowering concept and total community concept for Valassis in the two target markets, passion market and trigger event market.
• Created the detailed marketing budgets and calculated the ROI for each market.

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Valassis social marketing analysis

  1. 1. Social Marketing Strategy Team Members: Yunqi (Angela) Zhang, Xintong (Joy) Zhou, Alaina McEachin, Elaine Liu, Jianling Xu
  2. 2. Team Members Jianling Xu Jianling’s passion lies in digital, and interactive marketing, and their integration into the data-driven marketplace. Angela Zhang Angela is passionate about digital and social marketing, and aims to become a strategic- minded marketing explorer with digital branding insights. Joy Zhou Joy is interested in digital marketing and marketing analytics, and aims to become a marketer who works on building data-driven strategies. Alaina McEachin Alaina is extremely passionate about brand strategy and using complex data to develop key insights to help brands move forward. Elaine Liu Elaine is a doer who leverages both left and right brain to form thoughtful insights.
  3. 3. Mission Statement Our social marketing strategy plan is aimed at helping increase Valassis’s social awareness and brand authority among target markets, in order to expand the market size and earn more profit in the target markets.
  4. 4. Agenda ➢Target Markets ➢Social Listening ➢Empowering Concept ➢Total Community Concept ➢Information Exchange ➢Go Viral Marketing Plan ➢Financial Metrics ➢Appendix Social IMC Marketing Strategy
  5. 5. Social IMC Marketing Strategy Striving to develop a deep, holistic, database-driven relationship with a targeted high-level market Focusing on maximizing the market share, and achieve the mission, and sell services by helping each individual achieve their community goals Taking a relationship to the ultimate level by using empowerment as the base for its marketing strategy
  6. 6. Target Markets Definition & Introduction
  7. 7. Target Markets Trigger Event Market Passion Market ❖ Business changes and new technologies move business professionals to seek out advice on social media ❖ Members seek out experts as well as contents, information, and guidance to educate them ❖ Goal: help them move from where they are today to the destination they want to reach ❖ Permanent sites with temporary members ❖ Permanent members who are passionate to engage in peer-to-peer relationships about things important to them ❖ The members are always seeking the new and the current information and contents ❖ Need to continually create new events and add new information to keep the passionate members engaged
  8. 8. Trigger Event Market (In Appendix) ❏ American Clothing Retailer CMOs ❏ Trigger Event: Physical stores closing generally and quickly nationwide ❏ Problem: How to survive in the digital world, and utilize digitalization to win more consumers? ❏ Opportunity: Expertise webinar powered by Valassis
  9. 9. Passion Market (We will choose this to present) ❏ American Car Dealership Managers ❏ Passion: Continuous passion towards the market and the serving brand, like an integrated way to do marketing both online and offline ❏ Opportunity: Active forum powered by Valassis
  10. 10. Passion Market: Market Size Market Size: 87,678 Source: InfoUSA  Dealership managers that want to embrace the new era of marketing, and increase their sales  Both used-car dealerships and new-car dealerships  Nation wide
  11. 11. Social Listening Keywords & Trend Analysis
  12. 12. Keywords Analysis ● Based on our research on social monitoring websites, we found the hot topics in the industry includes: Digital Marketing, Service, and Sales Source: Hashtagify.com Radian6
  13. 13. Topic Trend Analysis ● Topics on services, online, and sales are all continuously discussed on social media in the first quarter 2017. ● In terms of digital, the industry is constantly talking about digital marketing and sales. ● The hottest topics around digital marketing: How to combine the strength of digital marketing to the local level to help increase the sales of car dealerships based on their location. Source: Radian6
  14. 14. Influential Community ● National Automobile Dealers Association (NADA): New car and truck dealership---Peer- to-peer engagement community offering guidance, education, and rich industry data analysis ● National Independent Automobile Dealers Association (NIADA): Used car dealership--- Peer-to-peer engagement community, over 20,000 professional auto dealers in this communities, ¼ of our target market
  15. 15. Empowering Concept Mission & Experience
  16. 16. Target & Their Mission Target Mission ● Local Dealership Managers ● Passionate about the development of the industry ● Sales and Services improvement ● Increase revenue ● Drive customer loyalty ● Digital platform development
  17. 17. Empowering Concept Idea..? ● Online community for car dealership managers ● Provide educational programs relevant to the industry (according to our findings) designed for them to achieve their mission and goals. ● Education programs on certain topics: Sales and services, customer loyalty, revenue growth, digital integration
  18. 18. Total Community Concept Site Components & Gamification
  19. 19. Site Components The site will be open to local Dealership Managers and Dealership Marketing/Communication Managers Partnership with Udemy Video Taped Marketing Expert Videos Discussion Forum Expert Profiles
  20. 20. Site community components Community Main Page Features: Forum Page, Events Main Page, Member Page/Profile, Photos, Video Center Expert Talks Video & Audio Possible Topics: Making the Most out of Display, SEO v. SEM, The Power of Direct Mail Member Forum Possible Forum Pages: What Worked for You, Social Media, Banners and Display
  21. 21. Gamification Point System Daily Check-In +5 points Read an Article +10 points Watch Udemy video +20 points Start Forum Topic +30 points Level-Up Rewards System Contributor Exposure 20 points Early Access to Videos 40 points Expert Q&A 100 points Platinum Master Silver Level Gold Level
  22. 22. Information Exchange Registration Page
  23. 23. E-mail: * Password: * First name: * Last name: * Company:* City:* State:* Where do you best fit in the auto industry?* Dealer Vendor Manufacturer other What’s important to you? * General Mgt Finance & Insurance Fixed ops Digital/Social mkt Customer service How do you want to hear from us? E-mail Call Text Would you want to receive e-newsletter from us? The Registration Page: Description of site This registration page will lead them to our Udemy link. Power by: Home Membership Education Calendar Journal Video Forum About us
  24. 24. Go Viral Marketing Plan How to Ramp the Buzz
  25. 25. IMC and Social Components Buzz of the Pre Auto Show Launch Event
  26. 26. Pre Auto Show Launch Event Held before an auto show (e.g. Chicago Auto Show, which is held in February) Open to all passionate dealership managers Invite an expert on social marketing to give a speech related to auto development Launch the community website for dealership managers powered by Valassis, which Include the registration process
  27. 27. Go Viral Marketing Plan Long-tailed Media: requires several months of lead time Medium-tailed Media - Banner ads on dealership websites - Facebook ads - Community site articles (National Automobile Dealers Association, National Independent Automobile Dealers Association) - Emails (buy email lists from infoUSA) - SEO optimization
  28. 28. Go Viral Marketing Plan Medium-tailed Media: weekly/biweekly Medium-tailed Media - Banner ads on dealership websites - Facebook ads - Community site articles (National Automobile Dealers Association, National Independent Automobile Dealers Association) - Emails (buy email lists from infoUSA) - SEO optimization
  29. 29. Go Viral Marketing Plan Short-tailed Media: daily/multiple daily Medium-tailed Media - Banner ads on dealership websites - Facebook ads - Community site articles (National Automobile Dealers Association, National Independent Automobile Dealers Association) - Emails (buy email lists from infoUSA) - SEO optimization
  30. 30. Go Viral Marketing Plan Budget Print Ads (Dealer Magazine) $100,000 Banner Ads ($60/CPM, 90K Impressions) $10,000 Acquisition E-mail $4,000 Influencers Invitation (3 People) $3,000 SEO $3,000 Twitter $2,000 Subtotal $122,000 Print Ads (Dealer Magazine) $150,000 Banner Ads ($60/CPM, 90K Impressions) $20,000 Acquisition E-mail $8,000 Influencers Invitation (10 People) $10,000 SEO $10,000 Twitter $2,000 Subtotal $200,000 Pilot (3 months) One Year
  31. 31. Financial Metrics Budget & ROI
  32. 32. Budget P $ Pilot Budget (First 3 months) Technology Budget Subtotal $38,750 Staffing Budget Subtotal $19,950 Empowering Concept Budget Subtotal $80,000 Go Viral Marketing Plan Budget Subtotal $122,000 Total Budget $260,700 Annual Budget Technology Budget Subtotal $38,750 Staffing Budget Subtotal $73,750 Empowering Concept Budget Subtotal $200,000 Go Viral Marketing Plan Budget Subtotal $200,000 Total Budget $512,500
  33. 33. Neutral Estimation Optimistic Estimation Pessimistic Estimation Total Market 87,678 ($1.3 billion) 87,678 ($1.3 billion) 87,678 ($1.3 billion) Social Market 85,924 (98%) 85,924 (98%) 85,924 (98%) Landing Page 2,578 (3%) 3,437 (4%) 1,718 (2%) Registration 2,062 (80%) 3,093 (90%) 1,289 (75%) Site Visitors 1,753 (85%) 2,784 (90%) 1,031 (80%) Webinars(Education) 1,402 (80%) 2,366 (85%) 722 (70%) Annual First Purchasers 98 (7%) 237 (10%) 36 (5%) Sales funnel
  34. 34. Breakeven Analysis Breakeven point: 34 customers ($512,500/$15,040) Breakeven month: 5 months
  35. 35. Financial KPIs Scenarios Total Budget Total Number of Purchasers Total Revenue by Scenario MROI Month to PayBack Neutral $512,500 98 $1,473,920 287.59% 5 months Optimistic $512,500 237 $3,564,480 699.51% 2 months Pessimistic $512,500 36 $541,440 105.65% 12 months
  36. 36. Thank You! Any Questions? Angela Zhang | Joy Zhou | Elaine Liu | Alaina McEachin | Jianling Xu
  37. 37. Appendix Trigger Event Market: American Clothing Retailer CMOs
  38. 38. Key Topics - Word Cloud On Radian6, the key topics of “clothing” are closing, brick-and-mortar, online, sales, website. When searching “retail” on Hashtagify, “e- commerce” is one of the major hashtags. This implies the surge of online shopping, and the future of physical store.
  39. 39. Sentiment Analysis The overall sentiment of clothing is neutral. Neither negative nor positive sentiment is apparent.
  40. 40. Trend Analysis by keywords On April 17th, Rue21, a woman Apparel retailer, claimed to close ⅓ of its physical stores in the U.S. This triggered a large volume of discussion.
  41. 41. Ah-Ha Item (Communities) - American Apparel & Footwear Association (AAFA) Media Room: https://www.wewear.org/ In the AAFA Media Room, there are timely news releases, letters and comments to the government, congressional testimony, speeches, and blog posts. This is a virtual community site for clothing industry. - Fashion Blog by Apparel Search: http://www.blog.apparelsearch.com There are fashion blogs, apparel industry introduction, fashion news, celebrity blogs, etc. on Fashion Blog by Apparel Search. It is a combination of “thought leaders” and “virtual communities”.
  42. 42. Key Findings We found “closing physical stores” is a big trigger event for almost all apparel chain brands in the United States. Rue 21 is just a great example, which recently closed ⅓ physics stores and transferred to online market. This triggered hot online discussions. Urban Outfitters, Abercrombie & Fitch, etc. - many apparel brands are encountering the same issue. Valassis could utilize this trigger event in the clothing retailer market by offering expertise digital/mobile advertising and email marketing services to these brands. It can hold “going online” webinars for the apparel community to gain their trust and appreciation, increasing Valassis’s awareness.
  43. 43. Mission Target: American Fashion Retailers’ CMOs. CMO’s Mission: To create an exceptional marketing strategy that helps my company thrive in the current tough retail climate, and therefore set myself up for career advancement (CMO->CEO).
  44. 44. What Are They Trying To Accomplish -To get more people to return to shopping in brick-and-mortar stores, and to offset the loss from brick-and-mortar stores with an increase in online sales.
  45. 45. Empower -CMO has many concerns of the marketing area. In this timing, clothing retailers really want to do well in omnichannel. So our valassis will try to give them some high quality webinars to help those CMOs to figure out those problems. In addition, to increase the awareness of valassis among those Clothing CMOs. We are amazing at activating consumers, and all about driving the consumer to action (intelligent media delivery). Plan. Buy. Shop. Share -Valassis does it all--we add value by being able to integrate print and digital and being able to deliver the content on both channels to the very same consumer (point of difference from our competitors).
  46. 46. Empowering Experience -Create exclusive monthly live webinars for CMOs and CEOs of fashion retailers that they must login and register for. Each webinar will provide insights on topics keeping CMOs up at night such as: omnichannel strategy, automation, AI, outsourcing manufacturing etc. -Speakers will include high-power and hard to get to industry professionals such as Seth Godin. -Create benefits such as: influencers who get the greatest number of CMOs to register get to ask a question first with the expert during the live webinar. -Publish some key moments as online videos in hopes of gaining earned media from top industry related websites, blogs, and influencers.
  47. 47. Site Components: Trigger Event Market- Journal articles (leading edge contents) - Reports and Ebooks on industry trends - Live videos on updated industry issues with a comments section. Experts would be invited to give lectures and CMOs could comment on the video or answer live questions - webinars/offline meetings, which would invite professors, famous CMOs, and consultants to give lectures - Event calendar - Influencers’ recommendation
  48. 48. The Gamification Elements: Trigger Event MarketAmerican Fashion Retailers’ CMOs - Influencers who bring more traffic to our site can get the access to asking more questions during our meetings. - CMOs who participate more can gain more access of valuable content and meetings on our platform. - Status: CMOs can have a human-figure in our platform; every time they participate in our events, and they will promote to higher level. Finally become the CEO or Owner of the company.
  49. 49. E-mail: * Password: * First name: * Last name: * Company:* Job Title:* Annual Revenue:* Employee Range:* State:* City:* What are you interested in?* Customer experience Data analytics Ecommerce Marketing Styling Information Technology The Registration Page: Trigger Event Market (Clothing CMO) Power by: Home Membership Events Journal Video Forum Our Partners About us
  50. 50. Trigger Event Market Launch Event - High level speaker and networking event (invite only) - Event Description: The launch event will invite selected CMOs in the retail industry to attend. The speakers would be very authoritative experts on the topic those CMOs are interested in, and there would be a networking party for CMOs to connect to each other. The topics will include: For traditional clothing retailers, how to survive in the digital era, and how to take advantage of big data. - Co-creation: requires that you invest time and resources up front to collaborate with key, high-value participants; together you test, shape, and vet the topic agenda, content focus, speakers, and experts. Their advice will help you uncover the most timely and critical issues, and even develop a shared sense of ownership of the event. Co-creation also uncovers useful feedback to help shape the speakers’ presentations for maximum value. And participants who contribute to the program tend to promote and advocate for the event to their peers and colleagues, enhancing its appeal.
  51. 51. Trigger Event Market Go Viral Plan Long-tailed Media: - Print magazine ads (Bloomberg, WSJ, NY Times, Ad Age) - Build connections with influential bloggers Medium-tailed Media: - Banner ads on marketing websites/blogs (Business Insider, The Knowledge Bank, Hubspot Blog, etc.) - E-magazines & E-journals (Ask editors or commentators to write about the coming event) - Emails - LinkedIn ads (LinkedIn marketing blog, distribute information on our event; Display ads, Sponsored InMail) - LinkedIn Group (Chief Marketing Officer Network) - SEO of keywords of the event Short-tailed Media: - Influential bloggers (ask influentials to write posts) - Twitter (create hashtags, notify influencers and ask them to retweet) - Facebook
  52. 52. Budget-Trigger Event Market BUDGET ALLOCATION – PILOT (3 MONTHS) Empowering Concept Cost Live webinar / Speaker Fees (every 2 months) $15,000 Refreshments and Misc Expenses $1,000 Travel and lodging $10,000 Subtotal $26,000 Personnel Cost Marketing Manager & Support $15,000 Tech Manager & Support $10,000 Subtotal $25,000 Technology Cost Community Website $15,000 Database/Infrastructure $15,000 Subtotal $30,000 Go Viral Marketing Program Cost Print Magazine Ads $100,000 Digital Banner Ads $5,000 E-magazines & E-Journals $6,000 Emails $4,000 Influential Development $0 Linkedin Ads $6,000 Twitter $3,000 Subtotal $124,000 Total Budget: $205,000
  53. 53. Budget-Trigger Event Market BUDGET ALLOCATION – ONE YEAR Empowering Concept Cost Monthly live webinar / Speaker Fees (every 2 months) $100,000 Refreshments and Misc Expenses $4,000 Travel and lodging $40,000 Subtotal $144,000 Personnel Cost Marketing Manager & Support $60,000 Tech Manager & Support $40,000 Subtotal $100,000 Technology Cost Community Website $15,000 Database/Infrastructure $15,000 Subtotal $30,000 Go Viral Marketing Program Cost Print Magazine Ads $200,000 Digital Banner Ads $10,000 E-magazines & E-Journals $12,000 Emails $16,000 Influential Development $0 Linkedin Ads $6,000 Twitter $3,000 Subtotal $247,000 Total Budget: $521,000 Breakeven: 35 customers ($521,000/$15,040)
  54. 54. Performance Funnel with KPIs-Trigger Event Market Neutral Estimation Optimistic Estimation Pessimistic Estimation Total Market 176,269 ($2.65 billion) 176,269 ($2.65 billion) 3433 ($2.65 billion) Social Market 172,743 (98%) 172,743 (98%) 172,743 (98%) Landing Page 3,455 (2%) 5,182 (3%) 2591 (1.5%) Registration 2,764 (80%) 4,664 (90%) 1943 (75%) Site Visitors 2,349 (85%) 4,198 (90%) 1555 (80%) Webinars 1,997 (85%) 3,778 (90%) 1244 (80%) First Purchase 100 (5%) ($1,504,000) 264 (7%) ($3,970,560) 37 (3%) ($556,480) Estimated ROMI 288.68% 762.1% 106.8% Breakeven Month 5 months 2 months 12 months We estimate that the Social IMC Plan for clothing CMOs will bring Valassis 100 new customers and an incremental revenue of $1.5 million if each new customer spends $15,040.
  55. 55. Financial KPIs Scenarios Average revenue for new client First Purchase Value MROI Total Budget Break Even Break Even Month Neutral $15040 100 ($1,504,000) 288.68% $521,000 35 5 months Optimistic $15040 264 ($3,970,560) 762.1% $521,000 35 2 months Pessimistic $15040 37 ($556,480) 106.8% $521,000 35 12 months
  56. 56. Budget-Passion Market BUDGET ALLOCATION – PILOT (3 MONTHS) CRM System & Database Infrastructure $25,000 Platform Development $10,000 Website Maintenance $3,750 Technology Budget Subtotal $38,750 Digital Media Manager (Salary & Benefits) $15,000 Tech Management Associate (Part Time) $3,750 Staff Travel & Accommodation $1,200 Staffing Budget Subtotal $19,950 Expert Invitation (Webinar) $30,000 Udemy partnership $0 Video Production $50,000 Empowering Concept Budget Subtotal $80,000 Print Ads (Dealer Magazine) $100,000 Banner Ads ($60/CPM, 90K Impressions) $10,000 Acquisition E-mail $4,000 Influencers Invitation (3 People) $3,000 SEO $3,000 Twitter $2,000 Go Viral Marketing Plan Budget Subtotal $122,000 Total Budget: $260,700
  57. 57. Budget-Passion Market BUDGET ALLOCATION – ONE YEAR CRM System & Database Infrastructure $25,000 Platform Development $10,000 Website Maintenance $3,750 Technology Budget Subtotal $38,750 Digital Media Manager (Salary & Benefits) $60,000 Tech Management Associate (Part Time) $11,250 Staff Travel & Accommodation $2,500 Staffing Budget Subtotal $73,750 Expert Invitation (Webinar) $50,000 Udemy partnership $0 Video Production $150,000 Empowering Concept Budget Subtotal $200,000 Print Ads (Dealer Magazine) $150,000 Banner Ads ($60/CPM, 90K Impressions) $20,000 Acquisition E-mail $8,000 Influencers Invitation (10 People) $10,000 SEO $10,000 Twitter $2,000 Go Viral Marketing Plan Budget Subtotal $200,000 Total Budget: $512,500 Breakeven: 34 customers ($512,500/$15,040)

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