This report discusses the digital marketing strategies used by M&S, including a digital marketing audit, customer segment and persona development, customer journey analysis, and the RACE model. It also presents a digital marketing plan for M&S to achieve its objectives.
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DIGITAL MARKETING
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Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY..................................................................................................................................3 Digital marketing audit.....................................................................................................................3 Customer segment and development of persona.........................................................................6 Customer journey in relation to targeted segment.......................................................................6 Digital marketing strategies(500).....................................................................................................6 Objectives....................................................................................................................................6 Digital marketing strategies.........................................................................................................7 RACE model................................................................................................................................7 Digital marketing plan (900)............................................................................................................8 Performance evaluation(400).........................................................................................................10 key performance indicators in relation to M&S's performance evolution plan.........................10 CONCLUSION.............................................................................................................................11 REFERENCES...............................................................................................................................12
INTRODUCTION Digital marketing can be define as that function in organisation which is related to marketingstrategiesof organisationby utilizingonlinetoolsof marketinginrelationto promotion of product and services for targeting customers(Chaffey and Smith, 2017). This report is base on study of M&S in current market. It is British multinational organisation which is operating in businessof clothes and accessory. Under this report, a proper digital marketing audit is conducted. This is consist of discussion on key competitors of organisation and there strategies of digital marketing. There is also identification of various digital marketing objectives which are formulated according to current strategies of organisation. Along with this, new digital marketing plan will also be discussed to manage digital marketing function in M&S. In end, there is performance evaluation with appropriate plan. This is useful in achieving objectives of digital marketing plan. MAIN BODY Digital marketing audit Swot analysis:It is a framework that is undertake by an organization in order to formulate strategies and policiesfor the future growth and development. In marks ans Spencer, managers are using digital platforms in order to enhance their market share. The SWOT analysis of digital technologies of company is outline below: StrengthWeakness ď‚·Thecompanyhaswidepresenceon digitalplatformssuchasFacebook, Instagram and many more. ď‚·Effective and user friendly design of website helps organization to grab the attention of consumers. ď‚·It offers an efficient online platform alongwithmobileapplicationto potential buyers where they can buy productswithinasingleclick ď‚·Website of M&S is not able to get higher ranking on google because of this they are not getting much traffic of users. ď‚·Theydonothaveefficienthuman resources who are good to use digital techniques and platforms to enhance its presence. ď‚·Company is depend on outside sources fordataanalyticsanddigital
(Chaffey, 2019).capabilities to increase in number of consumers. OpportunitiesThreats ď‚·They canenhancetheirpresence on variousdigitalplatformssuchas LinkedIntotargetnewconsumer segmentsforinstanceworking professionals ď‚·Thereisawidescopeindigital marketing. They can use personalized andcustomizedemailmarketingto attract more number of buyers(Confos and Davis, 2016). ď‚·They can associate with other digital agenciesinordertoimprovethe website ranking as well as to gain the competitive advantage ď‚·Ithasthreatfromothercompetitors such as Primark, Zara ans many more as they are using online platforms in an efficientmannertoenhancetheir revenue. ď‚·Automationandmobilefriendly techniques is also a constrain in the success of company as buyers prefer more customized and personalised tools for online shopping. ď‚·Security and privacy is the major issue in the use of digital technology as there arevarioushackerswhocaneasily accessdataandconfidential information of organization. Comparison between Marks & Spencer, John Lewis and Zara in context of digital presence: BasisMarks & SpencerJohn lewisZara Build a websiteBuildaattractive corporatewebsiteis theeffectivewayto presenttheirbrands andproducts.Marks and Spencer is one of the company which is invest in the creation John lewis is one of theleadingcompany across the globe but it usedifferentstrategy in context of corporate website.Itisgreat appearance,mobile friendlyeasilyaccess In context of Zara, It is oneofthemore fashionableand dynamiccompany whichusetheir websiteinvery differentwayas comparetoits
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of website and take the advantage of creating more fun flexibility on thatsite(Deissand Henneberry, 2020). through mobile, sharp texts and images, ease of use and navigations on that website. competitors.Itis websitemajorlyuse contentconsistency and presence it is more fashionablewhichis attractedtotheir customers. Social media platformIn today's era most of thecompanyusesa digitalplatformin effective and efficient way. Marks & Spencer majorlyusesthree platformlike Instagram,Facebook and you tube videos. Johnlewisisusesa different social media platformtopromote theirbrandsand product. It is not only usesaFacebook and Instagrambut it plan forthosecustomer who's interested for a companyproductsso italsocreatedsocial media pages(Hanlon, 2019). Zara run a number of integratedcampaign on social media sites. Itisnotonlya presence on two- three social media platform but it is in Facebook, twitter, Instagram, you tubeandLinkedIn becauseofthe importance of pictures and videos in fashion. Reach and visibilityInrelevanceof company,the campaignrunacross theglobeandfive millionuniqueusers addincampaignper month on yahoo and it is help to create more brand awareness Itisusedifferent digitalmarketing strategytocreate brand awareness. John lewisgooduseof portalstoobtaina reach and visibility of brands. Zaraisoneofthe famous brand so it is not such things tobe doneforcreating brand awareness but it majorlyusessocial media platform to run theircampaignand create brand image in the mind of customer.
Therefore, on that basis it is clear picture incontext of digital marketing strategy. John lewis and Zara are more visible, reach and targeting a customer through social media platform rather than Marks and Spencer. It is only uses two or three social media channels to promote their brands but competitors majorly uses a social media platform and also a reached to a customers through run digital campaign(Järvinen, 2016). Customer segment and development of persona M&S is dealing in clothing and ailed industry where organisation is performing at global level. It is importantfor organisation to choose appropriate strategy to achieve business objectives. These strategies are related to choice of digital marketing strategies. In relation to organisation, it has to choose particular customer segment to implement customer strategy. Further discussion on this is mentioned below: Under the current situation of organisation it can be evaluated that ready to wear segment of organisation can be use to better segment in which organization can use digital marketing strategies. This is because it helps in achieving business objectives and manage function in according to firm. Customer Persona Retarget itsvisitor with Facebook ads to increase conversion rates is the best function where organisation can identify the potential customer for reedy to wear clothes. Run a promotion during holidays to increase sales and capture attention when buyers are more aware, so that organisation can identify the current needs and can implement its strategies accordingly( Kannan, 2017). Create style guides to show your visitors how to wear or incorporate your items into their everyday life. Run a giveaway on Instagram to increase both brand awareness and the size of your community. Customer journey in relation to targeted segment
Digital marketing strategies(500) Objectives It is important for organisation to formulate objectives. These objectives must be based on SMART framework to achieve business objectives(Kaur, 2017). In relation to M&S, all these objectives are mentioned below in context of digital marketing: ď‚·To increase market share and reach of organisation in target market and Global platform. ď‚·To improve profitability of firm by 20% in relation to ready to wear products. ď‚·To increase views on official site of organisation by 25% in current time. Digital marketing strategies Digital marketing strategy:It refers to the strategies that makes a company enable to enhance its presence among the potential buyers in an effective manner. It consist various strategies such as content, email, social media marketing and many more. As per the current trend, it is essential for Marks ans Spencer to undertake digital technologies. This will help the entity to enhance its customers base and to get an edge over other competitors(Key,2017). Managers of Organization should adopt Search Engine Optimization technique. It is tool of digital marketing that enables managers to improve quality as well as quantity of website traffic. It is executed in order to increase number of visitors on web page of company from a search engine such as google, yahoo and so on. This strategy will help them to improve thewebsite ranking. In this technique some efficient keyword are used to enhance web page visibility so that it rank at good position on different search engines. It shows the web link of company on top whileconsumersearchforitusingpredefinedkeywords.Togetthebetteroutcomes, organization need to an extensive research on market conditions, competitors position, google analytics as well as keywords use by consumers. In relation to this organisation can RACE model which is helpful in implementing of new program and achieving business objectives. RACE model This is framework which is use by organisation to manage, plan and control activities which has to be perform by organisation at the time of digital marketing plan in organisation. This is effective tool which can be use organisation to mange its function and achieve digital marketing objectives. This involve four stages which are discussed below: REACH:Under this stage all those function which are released to development of brand awareness are discussed. These are building awareness of a brand, its products, and services on websites. This can be done on the basis of different platforms related top paid, owned and earned media.
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ACT:In context of this stage the organisation has to manage and act on the strategy in appropriateway.Underthisorganisationcanusethosechannelswhicharerelatedto management of internal function. This is because, for improving function firm has to concentrate on internal function which will helps in implementing the project in time related manner. For improving function of website organisation can use google tools which helps in improving “Viewed product”, “Added to Basket”, “Registered as a member” or “Signed up for an e- newsletter”. M&S will use functions where it will identify good blog writers which helps in promoting good content of social media sites. CONVERT:This stage is related to converting all efforts of organisation in final sale of products and services which are offered by organisation to customer in market. In relation to M&S organisation is focusing on ready to wear products so here firm can use e-commerce sites to promote its function and increase transactions by using variety in payment methods. ENGAGE:This stage of model focus in building good relations to buyers by making themlongtimecustomers.Incontextofthis,M&Scanuserepeatpurchasesusing communications on M&S site, social presence, email and direct interactions to boost customer lifetime value. It can be measured by repeat actions such as sharing content through social media and repeat sale. This is helpful in customer satisfaction by managing long relations. Digital marketing plan (900) Digital marketing plan can be define as that function which is used by organisation to achieve its business objectives. In includes various activities which has to be perform by firm to achieve its business objectives in market. These are related to function of firm and can be use to achieve business objectives. In context of M&S, there is evaluation of digital marketing mix which can be use by firm to achieve its business objectives. This is discuses below: Product:A product is a service or an item offered by a company in order to satisfy the customer needs. Marks & Spencer deal with various products such as clothing (Jeans, t-shirts, Jackets), accessories (belts, hats, boots, ties, leather bags), furniture (sofa, tables, ) is collaborating with various suppliers nowadays in terms of making sustainable and market friendly environment. The firm use various sustainable methods to collect the best products for their brand. And even they use recyclable materials to reduce the waste of products and increase the quantity and quality. These kind of strategies led by the Marks & Spencer has generally developed a standard of maintaining and reuse of the products which increases the confidence of the potential buyers.
Availability of the products including clothing (Jeans, t-shirts, Jackets), accessories (belts, hats, ties, boots, leather bags), furniture(sofa, table).Here organisation can use to promote these products on Facebook and other platforms to achieve maximum cover. Price:It has been generally suggested good value of a products at normal prices in the market so that the demand of the consumers will initially goes higher. It does not specifically reflected that there is a need of cheaper products to be available for the consumer, it simply means that consumer need better products at better prices from which they get maximum satisfaction. Marks & Spencer followed competitive pricing strategy and has a better quality products in cheaper rates to create a balance between International and national currency in clothing at the same price. Even in the seasonal times Marks & Spencer follows dynamic pricing strategy to offer more discounts on products Therefore it increases the sustainability for future goals. In this, organisation can use sable prices where it can attract customer to site and sale products in effective way(Kingsnorth, 2019) Place:It states that product should be available easily to the customers from where they can find it easily. Marks & Spencer ensures that its location and stores are sustainable in nature. More than 1463 stores are operating in more than 50 countries including France, Spain, Turkey and Finland and currently, more than 950 stores are opened in United Kingdom. The company has its own websites which helps various consumers across the countries to purchase online and with minimal discounts. Marks & Spencer has a facility of International delivery and can be brought in local currency from where the customer has been purchase the product online. Promotion:Promotion is one of the major element in marketing mix because there are a huge possibility to increase themarketing value of a product. Marks & Spencer uses digital advertising campaign to easily connect with the customers across the countries. Generally Marks & Spencer uses mobile ads, social media and other facilities. And even company promote clothing brand from their own website which enable the customers to get fashion tips. Marks & Spencer has the facility of reward system in which customers receive points in their account after purchasing the products however such reward points can be spent in future online shopping (Piñeiro-Otero and MartĂnez-Rolán, 2016). People:People are the major and important element of the marketing mix because it symbolizesconsumerparticipationintheservicedelivery.Around83000employeesare currently working in Marks & Spencer. The company follow competitive payment policy to
retain employees. Currently company provides pension benefits, life insurance scheme, health benefits and other perks to their employees so that they get ample amount of satisfaction other thanmonetarybenefits.Fornewtrainees,companyorganizelearninganddevelopment programmes to make them ready for higher roles in the company. Nowadays Marks & Spencer recruiting more women employees from last decade to create an employee balance on gender basis and diversification in the company. Process:The delivery process and operating system of the company need proper planning, mechanism and flow of activities. Marks & Spencer stores are different places are properly organized and well structured. Generally stores are divided into several sections including shoe clothing, clothing for women and men, accessories and payment counter to attain structured quality of a store. Even in the website, customers can do online shopping by simply logging on to the website(Saura, 2020). Physical evidence:It includes all International and national stores when company has its own mark embraced. Marks & Spencer has more than 1463 stores available in approximately 50 countries. It has around 83000 employees in total who are working for this company. Marks & Spencer includes clothings for men, women and kids, flowers, accessories and furniture available in each and every store. This can be seen from above information that organisation is using effective tools which are useful in identification of current tends in digital marking. This will benefit to firm in managingsuccessfulbusinessenvironmentandachievingitsobjectivesrelatedtodigital marketing. Performance evaluation(400) Performance evaluation can be define as process which involve identification of factors which are related to implementation and performance on digital marketing plan in organization. This is effective tools as it help firm in identification of actual situation in organisation from perspective of digital marketing plan. In relation to M&S , it can also use this function. For this organisation can use some key performance indicators which are discuss below:
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key performance indicators in relation to M&S's performance evolution planWeb traffic sources:Under this system, organisation can use three type of web traffic. These are search, referral, anddirect. In context of performance evaluation M&S has to identifythatwhich factorisimpactingmore on firm.By identificationof traffic organisation can identify effectiveness of digital programme.Brand awareness:This is also the key performance indicator which can be use by organisation to achieve business objectives an effectiveness of digital marketing plan. This is helpful to M&S in getting overview about the current position of organisation in market and achieving business objectives(Saura,Palos-Sánchez and Cerdá Suárez 2017). Cost per lead:This is most important factor which is mandatory for effective evaluation, this include cost involve in per lead function of organisation. This is effective function in process of performance evaluation as it helpsorganization in identification to total cost per head on digital marketing function. These are the key performance indicators which can be use by organisation to achieve its business objectives in current business environment. This is helpful to organisation in achieving its objectives and managing its function according to it(Todor, 2016). CONCLUSION It canbe concluded from the above mention report that digital marketing is function which is helpful to organisation in achieving its business objectives by promoting product on digitalplatform. Under this like M&S can use proper digital marketing plan which is helpful in achieving business objectives. This plan consist of various factor liker formulation of buyer persona and many more which is essential for organisation to achieve business objectives. Along with this it can also concluded that it is important for firm to evaluate performance of digital marketing plan by using key performance indicators.
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