This document provides an overview of the process and implementation of a digital marketing strategy. It covers topics such as market audits, SWOT analysis, PESTEL analysis, objectives, implementation, and budgeting. The document also includes a case study on Booking.com.
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Digital Marketing Strategy
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INTRODUCTION.......................................................................................................................................3 Digital marketing process........................................................................................................................3 Overview of the organisation...................................................................................................................3 CONCLUSION...........................................................................................................................................9 REFERENCES..........................................................................................................................................10
INTRODUCTION A digital marketing plan is a process used by the organizations for all the anticipating the advanced showcasing efforts and activities. It includes different factors like Short, medium and long term business objectives. The methods use by the organisation to achieve the objectives at the digital level. The channels to utilize the activity and marketing plans, the operations and financial plan. It is connected to the plans of different divisions in the organisation. The customers will be attracted when the organizations use different methods to give good products. They will the organisation in increasing the performance (Saputra and et.al., 2020). Digital marketing process The digital marketing process that will help in promoting efforts pass on the customers is reducing the expenses for the customers. It will help Booking.com in attracting customers and can be made in to a promotions for all other OTAs charge around 15% of the exchange. The organizationswillincreasetheperformanceandtheywillincreasetheeffortsfeatures Booking.com's in different methods of predominant revelation. It is progressively hard to increase the performance in all value storehouses with different organizations (Finotto and Mauracher,2020).Theorganizationswillintendtosupportthehopeto-bookmetricof Booking.com by different social informing that increasing trust and triggers customers partiality towards the brand. A increase of recordings and rich media messages to support Customer of the organization. Overview of the organisation Booking.com is the organization which is a booking model and they are selling rooms at a markup booking of the customers and a commission on the rooms booked through its products. It is the most important factor for the organisation because they are reducing the expenses for the customers and the organizations (Cowley, Humphrey and Muñoz, 2020). As the movement space has crazy degrees of rivalry, the arrangement is to help booking.com obtain more customers which thus will draw in more organizations to join on the stage which thus pulls in negligible customers. The greatest test for Booking.com which causes the need for development is that the greater part of the explorers who book organizations actually depend upon 3-4 distinct sites and selecting the places and a large portion of them actually complete are included in Booking.com
that will help the organizations in increasing the performance (Dumitriu and Popescu, 2020). It will help the organizations in reducing the in cost and substance exactness. Step 1: Market Audit A market audit is the process of assessment and investigation of the performance of the organisation and objectives and targets. They will help the organisation in executing a review, investigate the manner in which the organisation will be advertising and the methods are analyzed and how they are performing comparative with the objectives of the marketing plan. An advertising review is an incredible method to analyze the performance of the organisation (Dastane, 2020). SWOT analysis Strengths- The most important factors for Booking.com is that they have various qualities that empower it to flourish in the commercial center. Booking.com is fruitful at execution of new activities and created great profits for capital use by building new income streams. Weaknesses- The organization is increasing the cost and they have the plan of action in this manner restricting extension in neighboring item fragments. The customers should get good quality products and the range sold by the organization. Opportunities- The customers of the organization is increasing the conduct and can open up new market for the Booking.com. It gives an extraordinary chance to the organisation to fabricate new income streams and enhance into new item classes as well. Threats- Deficiency of talented labor force in certain worldwide market speaks to a danger to consistent development of benefits for Booking.com in those business sectors. Developing qualities of neighborhood in certain business sectors as the opposition is paying higher edges to the nearby merchants. Exceptional rivalry Stable benefit has expanded the quantity of major parts in the business over most recent two years which has squeezed productivity as well as on generally deals. PESTEL analysis
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Political factors- The organizations should have been fortified further so business. For example, Booking.com can flourish in an open, straightforward and stable world of politics. Fortifying of vote based economywill cultivatemore prominentstraightforwardnessand diminish the degree of defilement in the country. Economical factors- The Monetary factors a country and district directly affects the organizations of a given market. The monetary elements that Booking.com can increase should assess both in the current market and one in which the organisation needs to enter are inflation rate, GDP development rate, extra cash level and so forth. Social factors- The organization should focus on different societies in various piece of the world have to increase the performance and good products to customers. The organization in Asia is focusing on the society. Booking.com should be the organisation to painstakingly break down the disposition towards power prior to dispatching an advertising effort for the products and services. Technological factors- Research and Development Investment Levels is high level of investment in technology development sector then there are high chances of building a self sustaining ecosystem that drives innovation. Booking.com can leverage such a situation to hire the best people in business. Legal factors- The organization should have to focus on the different legal factors that will help them to increase the performance and the work laws in the country and are they predictable with the plan of action of Booking.com, for example, Booking.com is predictable with French laws and it is confronting difficulties in the country. Environmental factors- The organisation is focusing on the environmental factors and the arrangement of waste in the imminent market and how Booking.com can hold fast to the waste administration necessities in that market (Sunardi and et.al., 2020). Step 2: Digital business with marketing plan Booking.com is the organization that is having different customers that will help them to increase the performance (Gani and Faroque, 2020). It is helping the organization by more carefully focused arrangements that help with reducing issues for customers and property listers
before they brought about a call. The organization utilized many measurements to quantify execution, including one that figured out what sorts of show highlights brought about a finished booking. For example, Booking.com discovered that if an inn said it had a pool however didn't show pictures of said pool, it didn't get the same number of reservations as a comparable that posted photos of the pool region. Little bits of knowledge like these demonstrated massively supportive to the two sides of the customers experience. Booking.com realized it expected to stay alluring and important both to clients and convenience suppliers the same. The most ideal approach to drive the business is to keep on giving more determination to the customers. That is more corresponded with progress and exchange volume than all else. The organization should focus on increasing the performance (Giunta, 2020). Step 3: Objectives of the organisation Target Audience will be focused in plain view promotions and video adverts for customers who are seeing surveys and who are effectively heading out and are probably going to travel-essentially having the intent people who buy in to travel and other subreddits, drawing in with movement pages on Insta and Fb read sightseeing sites, burn-through indistinguishable substance on youtube. Booking.com help its net income by reducing the cost of the customers and obtaining costs as time goes on by utilizing topographical focusing across not all that conventional promoting channels. It will help in customer trust and liking towards the brand by rich media promotions on the best social stages. The SMART objective of Booking.com is to increase the quality of the services by 15% in 7 months. Step 4:What is implementation and control in DM marketing term? Implementation can be describe as the action execution of the digital marketing strategy in order to successfully and effectively attaining desired objective. It has been determined that there are different ways and approaches that could be consider by respective company in order to implement and control digital marketing practicesas well as attaining desired objectives (Dwivedi and et.al., 2020). Implementation of marketing strategy can be describe as the cycle that transforms promoting plans right into it tasks and guarantees that such tasks are executed to achieve the arrangement's expressed destinations. No advertising system will succeed in the
event that it isn't executed appropriately. Execution, implementation, evaluation and control resemble the three legs of a stool; eliminate one, and the stool wobbles and collides with the ground. In the event that you eliminate one of these things from an advertising plan, it self- destructs, and the arrangement won't succeed. Every one of the three are important for the fruitful consummation of advertising exercises that assist organizations with accomplishing their essential objectives. It is significant for Booking.com company to successfully implement marketing strategies in correct or accurate manner so that organisation is able to attract more and more customers towards business as well as help in increasing sales(Saputra, and et.al., 2020). Implementation of marketing strategy will lead to have direct impact on overall performance of business and it will have direct influence over capability of business. Booking.com company is planning to implement digital marketing strategy with the assistance of social media platforms. There are different social media networking sites which will help in providing information to customers regarding products and services of company through this respective company will be able to attract and influence large number of customers towards business and help in increasing sales(Deiss and Henneberry, 2020). Social media can be define as the use of social media platforms for connecting with customers or audience in order to build a brand or increase sales or profitability.Itwillhavedirectimpactonoverallperformanceandsalesofbusiness. Booking.com organisation is considering different social media platforms for implementing DM marketing practices such as Facebook, Twitter, Instagram and many other. All of these are effective marketing strategies for respective company as this will assist in providing information to potential customers in more creative and innovative manner. Advertisement and promotion of Booking.com company products and services of travelling will lead to save cost of business as well as reaching large number of customers is less time and cost. Booking.com company is segmenting customers on the basis of their needs and wants of travelling. Targeted customers of respective company are those who are active on social media sites as well as interested in travel and tourism in order to promote its products and services(Mogaji, Soetan, and Kieu, 2020). It is positioning its products and services at high quality goods that will help in meeting customers’ needs and wants. This will assist in enhancing customer relationship along with this improving customer base of business. It is essential for __ company to control marketing practices through correct and accurate tools and technology.
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Step 5: Budgeting The greater accessibility of the offer the almost certain the organizations by customers looking for explicit dates. The more grounded the quality in these outcomes the organization will be able to increase the performance of the online customers into paying visitors. At the point when you do require us once more, you may get less guests than a contender who has stayed accessible and improved their change. Offering various types of rates causes you pull in a more extensive crowd since you'll be living up to their particular desires. For examplea family may need breakfast included, while a solitary business voyager may just be keen on the room. It's speedy and simple to add another rate plan, for example, 'breakfast notwithstanding' or 'non- refundable' in your Booking.com extranet. Step 6:Measure the digital marketing campaign/ plan devised? This can be consider as the last stage for digital marketing campaign and it will assist in providing correct and accurate information regarding digital marketing practices. It is significant for Booking.com company to correct or accurate measure digital marketing campaign or plan in order to attain desired goals and objective. This will be dissected by utilization of Key Performance Indicator. This is quantifiable worth that fundamentally exhibit how an association is accomplishing business destinations. Organization utilize the key presentation marker at many level to look at progress at the educating targets. Along these lines, utilizing key execution pointer, Booking.com organization can zero in on by and large execution level of business. This is useful in deciding the achievement of bringing the new idea and dispatch of the products and services at market place(Puthussery, 2020). A Key Performance Indicator is a quantifiable worth that shows how adequately an organization is accomplishing key business goals. Associations use KPIs at numerous levels to assess their prosperity at arriving at targets. Elevated level KPIs may zero in on the general execution of the business, while low-level KPIs may zero in on cycles in divisions of business. Through Key performance indicator respective company will be able to accurately determine the progress of business as well as determine if organisation is able to meet with set target or not(Busca and Bertrandias, 2020). Survey is one of the effective digital marketing campaign for digital marketing plan as through this technique Booking.com company
will be able to get correct information from customers regarding their views about products and services. survey will assist respective company in gaining accurate data about customer views as wellascanmakerespectivechangesaccordingly.Feedbackiseffectiveformeasuring performance of digital marketing campaign and Booking.com company can make required changes in business in which will assist in enhancing marketing practices to attain desired goals (Melović and et.al., 2020). So for this marketing campaign Key performance indicator and survey will help in determining overall performance of the marketing practices as well as assist in attaining desired goals. CONCLUSION From the above report it has been determined that digital marketing is very crucial part of organisation that will help in meeting with desired goals and objective of business. It has been analysed that there are number of aspects and elements that are needed for digital marketing campaign. It is crucial for organisation to analyse and evaluate situation under which company is performing business practices. Organisation needs to develop significant digital marketing strategy as well as formulate objective according to which different marketing practices will be performed. Design implementation and budgeting will help in correctly conducting digital marketing practices.The current advanced promoting is a gigantic arrangement of channels to which advertisers basically should locally available their brands, publicizing on the web is considerably more intricate than the channels and helps in achieving the genuine capability of advanced advertising, advertisers need to delve profound into the present tremendous and complicated cross-channel world to find procedures that have an effect through commitment promoting.Byconnectingwithclientsinacomputerizedscene,youconstructbrand mindfulness, set yourself as an industry suspected pioneer, and spot your business at the cutting edge when the client is prepared to purchase.
REFERENCES Books and Journals Dwivedi, Y.K. and et.al., 2020. Editorial introduction: Advances in theory and practice of digital marketing. Deiss, R. and Henneberry, R., 2020.Digital marketing for dummies. John Wiley & Sons. Herhausen, D., and et.al., 2020. The digital marketing capabilities gap.Industrial Marketing Management.90. pp.276-290. Mogaji, E., Soetan, T.O. and Kieu, T.A., 2020. The implications of artificial intelligence on the digital marketing of financial services to vulnerable customers.Australasian Marketing Journal (AMJ). Behera, R.K. and et.al., 2020. Personalized digital marketing recommender engine.Journal of Retailing and Consumer Services.53. p.101799. Puthussery, A., 2020. Digital Marketing: An Overview. Busca, L. and Bertrandias, L., 2020. A Framework for Digital Marketing Research: Investigating the Four Cultural Eras of Digital Marketing.Journal of Interactive Marketing.49. pp.1-19. Melović, B., and et.al., 2020. The impact of digital transformation and digital marketing on the brand promotion, positioning and electronic business in Montenegro.Technology in Society.63. p.101425. Saputra, D.H., and et.al., 2020.Digital Marketing: Komunikasi Bisnis Menjadi Lebih Mudah. Yayasan Kita Menulis. Finotto, V. and Mauracher, C., 2020. Digital marketing strategies in the Italian wine sector.International Journal of Globalisation and Small Business.11(4). pp.373-390. Dumitriu, D. and Popescu, M.A.M., 2020. Artificial intelligence solutions for digital marketing.Procedia Manufacturing.46. pp.630-636. Dastane, O., 2020. Impact of Digital Marketing on Online Purchase Intention: Mediation Effect of Customer Relationship Management.Journal of Asian Business Strategy, DOI.10. pp.142-158. Sunardi, N and et.al., 2020. Peran Manajemen Keuangan dan Digital Marketing dalam Upaya Peningkatan Omset Penjualan bagi Umkm Pasar Modern Intermoda Bsd City Kota Tangerang Selatan di Tengah Pandemi Covid-19.Jurnal Abdi Masyarakat Humanis.2(1). Gani, M.O. and Faroque, A.R., 2020. Digital marketing. InCross-Border E-Commerce Marketing and Management(pp. 172-202). IGI Global.
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Giunta, C., 2020. Digital marketing platform tools, generation Z, and cultural considerations.Journal of Marketing Development and Competitiveness.14(2). pp.63-75. Cowley, S., Humphrey Jr, W. and Muñoz, C., 2020. Industry Certifications in Digital Marketing and Media Education: Examination of Perceptions and Use Among Educators.Journal of Marketing Education, p.0273475320948570.