This report provides a digital marketing strategy for Yelp, a public company that operates a website for crowd-sourced reviews of businesses. The strategy includes a digital marketing audit, marketing strategy, and marketing plan.
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Table of Contents Contents INTRODUCTION...........................................................................................................................1 MAIN BODY...................................................................................................................................1 Digital Marketing Audit.........................................................................................................1 Digital Marketing Strategy.....................................................................................................7 Digital Marketing Plan.........................................................................................................10 CONCLUSION..............................................................................................................................12 REFERENCES..............................................................................................................................13
INTRODUCTION Digital marketing strategy is the plan that is developed by the company to achieve the bettersuccessand moredevelopmentwhileachievingthedigitalgoalsby selectingthe appropriate marketing platform as like paid, earned and the owned media. As in today’s scenario the businesses will more shifted towards the digitalisation and the people also get used the digital platform more as at there it is easier to make the string interaction with the customers and also save the time period as well(Albee, 2018). It is the approach through which the companies will make different strategy to gain the better knowledge of the entire different factor from where they have performed marketing through digital platforms. This report is based on Yelp that is the public company and develops and most the market from their website Yelp.com and publishes the crowd sourced reviews about the different businesses. They have also operated online reservation and that is called Yelp Reservations. This report includes the digital marketing audit, marketing strategy and the marketing plan that helps to make effective outcomes. MAIN BODY Digital Marketing Audit Background to the organisation Yelp is the company that is founded in the year 2004 and its founder is Russel Simmons and Jeremy Stoppelman and they are the former employees of PayPal. It is the business that is grew up by collecting the funds from the many year and in 2010 they had collect the revenue of $30 million and having the 4.5 million crowd-sourced reviews from their websites. It is the local businesses that review the social networking and have submit the review of products and service as like restaurants and schools(Armstrong, 2018). They have also updated the information about the hours and special deals with 141 million monthly unique visitors and 148 million reviews. They have expended the business in the Asia and Europe and have potential acquisition with the Google. In the 2019 they have generate the quarterly regular of 61.8 million from desktop user and 76.7 million users via mobile website. The company must have use the unfair practice to generate more revenue as they have provide the adequate information and present the negative review as per the possibilities and provide all prominent details and the services. They have got the complaints of the misleading tactics by some sales representatives. Sometime some fake users spread false news to promote the negative image of the company and that is called as the 1
astroturfing. They have been rated as the 3 stars with 78% views in 2106 they have introduce the mobile device and the iPhone app was came in existence in December 2008. The user of Yelp must have made the reservation of the restaurant and it is the feature that is added in the year 2010 and it is done through SeatMe that is acquired by Yelp in 2013. There content was linked with the "virtual assistant"orApple'sSiriand it is released by iOS 6 that is the computer operating system(Aswani,2018). SWOT on the organisation’s current use of social media Swot analysis will get defines the different strength and the weaknesses that will have the major impact on the yelp (Yelp Inc SWOT Analysis, 2018). As they have use the social networking site to post the review and rate the company of the basis of their performance and share that information through the social site as Yelp.com and thus there are some strength and weakness that is as defined below as: StrengthThe major strength of Yelp is that they have expand their business more and with that have the 100 million monthly users that have the diverse the network by which they have gain much more profit. As their social networking site will get operate by the users as well and they will also present their reviews and rating and they also generate the content as well(Bala, 2018). The cost to get operate their social site is very less thus it is easy for the customer to get reach to their site and mark their reviews. The local reviews also get aligned in the social networking site by which not only they can make the review the local people also did that. They have maintained the mechanism that is more peer and with that it is easy to get understood by the people. These networks will get integrated with the mobile devices as well and with that have the placement of the popular review that helped the customers while selecting the services and product of some company. WeaknessesThey have some customer and they have the fewer amounts for the budget to perform the advertisement and thus their revenue model get distracted by which the attraction get decreases. Some of the legitimate reviews was generated that get judged by the filter 2
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but have negative impact in the market and on customer if the negative reviews will presented if the company has more potential. The switching cost is more less thus the customer will make the easy switch to the other sites as like Google or Facebook and prefer their ads. OpportunityThe social networking platform has been more developed and people also get attract towards the social sites thus it is an opportunity for the Yelp to measure more success. It is a platform that will get more in used by all the people and everyone must reviewed the rating before selecting the products and services that is more helpful for the business(Chaffey, 2019). ThreatThe issue that is related to the privacy will get more affected and thus it is difficult for the business to maintain the security as they are dealing with the networking services. TheGoogleandFacebookarethebiggestcompetitorsandhave following all across the world and to give fight to these business giant is always be a threat. Evaluationof two competitors using social media. The two competitors of Yelp are Facebook and Google and thus there are some strength and weaknesses while using the social media and that is as defined below as: Strength:It is the factor due to which they have provide more easy and have supportive to the business as Yelp have worked with three sides as like local business, content creators and the users. From the local business they have promote the advertisement to develop more revenue and have managed the simple transaction (Yelp vs. Google vs. Facebook Reviews: which should you focus on and why? 2019).A user is the local business seekers and discovers as well as satisfies the basic need of the customer and act as browser that provide all relative information. Active reviewers are those that have actively take part in to share their experiences at it are the biggest strength of the business(De Pelsmacker, 2018). On the other hand their competitors as like Facebook and Google have provide the relative information but didn’t allow the local user to write their review for that they have acquire with small business. 3
Weaknesses:Yelp is being more active on the social media and they have continuously gaining the newer heights in their business and their users get attract a lot towards their services. They have even more potential to rise the business but somehow the brand value and market image of Facebook and Google are quite more thus customer have more belief in their services and get first search at their. In addition to this there are a billion of followers of Facebook and Google and people have faith their services thus easily get connect with them while Yelp didn’t have that much popularity although they have been known in Europe and Asia but didn’t include the world. They have more attracted presentation thus people get connect with them with more easiness and have large connectivity as well and for Yelp they have take a lot of time to get achieved that much success(de Ruyter, 2018). Identification of two key customer groups and development of personas Russel Simmons Profile:He is an American entrepreneur, film producer, writer and record executive and He co-foundedYelp, Inc, lead software architect Personal background Age:62 Gender:Male Education:Graduate in 1998 with Bachelor of science in Computer science Status:Married Location:Queens, New York, US Occupation:Businessman, entrepreneur, film producer, writer Net worth:$340 million Psychographics InterestHeisalwayshavinginteresttoperform multiple tasks and with that he has also that zeal and is selfmotivatedthusbecomeanentrepreneurand executive. What influence him:He has been accused of serious sexual misconduct and assault and he had shifted to Bali and from there have start doing multiple roles as writer to producer to owner and many more. Organisation information Name:Yelp plc Industry:Privateindustry Employee:6030 Goals:He has worked with the idea that turn him to an entrepreneur and he always looks forward and try to get achieve more success and imply all his effort to achieve that. Challenge:HE has been accused of sexual misconduct 4
and his family background is also very simple and from there, he has done his education and the zeal to get more success takes him on heights. Jeremy Stoppelman Profile:He is an American business executive and a CEO of Yelp that is co-founded in 2004. He has been working as for @home Network and later become VP of engineering and that is renamed as PayPal. Personal background Age:42 Gender:Male Education:Bachelor's degree in computer engineering Living: Status: Location: Occupation: Psychographics: Interest:Hehasalwaysgetinteresttowardsthe engineering and thus with that also get related to the venture and become an entrepreneur. What influence him:At the time of summer internship at MRL ventures he get the idea of Yelp and after getting offered from the acquisition of Google in the 2012. Organisation information Name:Jeremy Stoppelman Industry:Yelp Employee:6030 Goals:He has been working for @home Networks and accept the engineer position as well and later on that will transfer as PayPal. Challenge:To get start the new business they must het work with more zeal and passion by which he haschangedhimselfandworkwithmore compassion togetoverfromdifferentwell known site as TripAdvisor, Google and many other too. Customer journey flowchart or graphic. 5
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It is the chart that provides the more support to the Yelp as by that they have been known about the different need and demand of the customers and also helps to make better interaction with the customers(Heinze, 2020). Figure1https://www.textrequest.com/blog/customer-journey-maps/ ï‚·First the data willget collect from the customer and prospects by which the Yelp get more information related to the different need of the customer and then provide more adequate result. ï‚·Define persona and goals as Yelp get work with social networking services this it is more needed to set the achievable outcome thus it helps to gain higher successes with more comfort. ï‚·Define stages of customer journey in which the Yelp will get collect the relative information and then try to produce more better services from which customer get attract with more easiness(KaraaÄŸaoÄŸlu, 2019). ï‚·Add the customer action, emotions and thinking as to provide extreme services to them with more affordability is the only focus what the company have and thus have worked while considering the norm of customers. ï‚·Define key highlights helps to segment the services as the users also mark their review and with that it has create more complex that the review are adequate or not thus they must high light the proportion. 6
ï‚·Make improvements is more important by which customer always get something new and innovative. ï‚·Prioritise and execute changes on timely basis by which customer get the point to get connect with the company for longer period of time. Digital Marketing Strategy TOWS matrix. 7
ComponentsOpportunitiesThreats connivingnew marketing campaigns elevated level of competition Expansion in different countries Growth of online social networking services Lack of purchaser engagement Entrepreneur becomes independent duetotheexcessusageof technology. More people are not aware about thelegalitiesrelatedtosocial crime. StrengthsSO (Maxi – Maxi) Actasthe spokesperson of online networking services. Haveengagewith Google thus has more productivity Havestrong communicationwith the customers. ST (Maxi – Mini) Theyhavecreatemore valuesinthemarketand thatengagemore development enormous market share resolute with innovation Have acquisition with the Facebook. Havestrongmarket engagement WeaknessesWO (Mini – Maxi ) Makemore engagementwiththe customers Haveusesthe streamlinesbrandto promote marketing WT (Mini - Mini) Developtechnologyon random basis Thepromotionofdata security and safety is must Have less incentives Theparticipationof viewers will not restricted thus negative image will get created Restricted global presence 8
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Recommended digital marketing strategy based on the audit and TOWS. The digital marketing strategies are more important and have helps to make effective outcomes within the timely manner by which more sales and better revenue get collected by the Yelp(Kingsnorth, 2019). Hierarchy of objectives:As per the TOWS analysis and the marketing audit it has been analyzed some of strategic options that is more useful for the company. The two marketing objectives have been developed and that helps to make sufficient change with more accuracy and better precision. The hierarchical objectives have been used to sort the wider range of offers and to meet the need and requirements of the customers with more successful manner. It has been include several steps as like on top the strategy objectives get developed the strategy will get followed and last to achieve the objectives. Digital marketing objectives: There are some of the objectives that is set to create the higher sales and in parallel to that the brand image will also get stronger. Objective 1:To develop the 20% more visitors after the period of 5 months. It has been find it out from the marketing audit and the TOWS analysis that Yelp must get induce the different up-gradation in the different networking services and spread the business in the ASIA as well by which the range of customer will get developed even more. As they have provided the appropriate views by which the customer get more in contact with the relevant services and make better use. Objective 2:To increase customer base by 30% in upcoming 6 months. The Yelp has tried more to get linked or engaged with the customers and thus they have induced more innovation and creative by which the people will get connect with them with more satisfactoriness(Saura, 2019). They have faced the continuous growth and have positive review by the customer that helps to generate more sales and strong connectivity with the larger number of customers. SMART objectives These are the objectives that help to make the better change within the business environment and thus they get developed sales with more effectiveness and that are as defined below as: 9
Specific: In that the Yelp has made the objective that is more specific and with that they have developed the sales ratio with 30% that improvised the image of the company. Measurable:It is the change that is more measured and thus Yelp set the standard and for that they have provide the appropriate way to developed effective evaluation. Thus they have worked with the target of develop profit with 25% within 3 months. Attainable:It includes the objective that is more specified and gets achieved in timely manner by which the target gets attained with more perfection. The scope of Yelp is to make relevant change by making more creativenesses(Yeow,2018). Relevant:The Yelp get provide more indulge by which their services get developed and enhanced by which customer get more relatedness and uses the site as much as they can. Time based-In this the Yelp get define the adequate goals by which they have gained the better outcomes and thus with that attains the target within the 4 months. Digital Marketing Plan Consideration of metrics and resources required, including staffing and a budget 9Ms frameworks:It is the frameworks that get used while planning the resources and act as the internal planning that get used to make effective outcomes in timely manner that is as defined as: Manpower: It defines the people that are required within the Yelp to get performed the task with more success. Money:It includes the budget that get used to accomplish the certain project and in that £15197.91 cost will get used. Material:Yelp need the software and other material as like machinery, office, computer system through which the employee performed their work. Management:These are those who are the senior authority and managed the overall task with more efficiency and to generate better profit. Minutes:It includes the time frame that is required to get attain the better outcomes and thus they need the 4 month time period(Yoga, 2019). Measurement:In that KPI has been measure the standardise output by which the performance and the working standard will get developed. Method:Yelp has been used the different approaches to get used the different source with more perfection 10
Machines:The Yelp has needed the computers and other equipment by which the work will get performed in effective manner. Mother Nature:It has included the environmental factor that is needed to get performed the task as it is not in hand of the business but they have worked with accordingly. Tactical plan It includes the plan that will get developed my making appropriate techniques and with that they could attain more profit by influence the customer thus more sales get developed. PriceThe Yelp will provide the service with more affordable price and with that it is easier to get excess their networking services. They have provide the free business for the basic level and have paid option as well if the customer wants to know about more features. ProductThe Yelp have provided the social networking services in that the customer could also rate the business and present their review with that they themselves also provide relative reviews that makes more easy excess for customer as they use the services from the mobile devices as well. PlaceThey have provide the online services thus have worked on online platform only with that have provide range to the customer in which they have the rating of all the products and services. PromotionYelp have promote their services as on pay per click and promote their services from desktop, mobile website and from the mobile app as well by which it is easy for the customer to get connect with them. CONCLUSION It has been concluded from the above digital marketing is the advancement approach that is used by the company and for that they must have indulge some different strategy and tactic by which they have make effective communication and better interaction with the customers. The 11
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social media has been more developed and used to make valuable connection with the people that are not in the reach as well within the less time. The marketing plan has been development to get more relevant information about the different medium by which more sufficient outcome will get collected with the SMART objectives that helps to attain better outcomes in timely manner. 12
REFERENCES Books and Journals Albee, A., 2018.Digital relevance: developing marketing content and strategies that drive results. Springer. Armstrong, G.M. and et. al., 2018.Marketing: an introduction. Pearson UK. Aswani, R. and et. al., 2018. Search engine marketing is not all gold: Insights from Twitter and SEOClerks.International Journal of Information Management,38(1), pp.107-116. Bala, M. and Verma, D., 2018. A critical review of digital marketing.International Journal of Management, IT and Engineering,8(10), pp.321-339. Chaffey, D. and Ellis-Chadwick, F., 2019.Digital marketing. Pearson UK. De Pelsmacker, P. and et. al., 2018. Digital marketing strategies, online reviews and hotel performance.International Journal of Hospitality Management,72, pp.47-55. de Ruyter, K. and et. al., 2018. When nothing is what it seems: A digital marketing research agenda.Australasian Marketing Journal (AMJ),26(3), pp.199-203. Heinze, A. and et. al., 2020.Digital and social media marketing: a results-driven approach. Routledge. Karaağaoğlu, N. and Çiçek, M., 2019. An evaluation of digital marketing applications in airline sector.Journal of Human Sciences,16(2), pp.606-619. Kingsnorth, S., 2019.Digital marketing strategy: an integrated approach to online marketing. Kogan Page Publishers. Saura, J.R. and et. al., 2019. Digital marketing strategies based on the e-business model: Literature review and future directions. InOrganizational Transformation and Managing Innovation in the Fourth Industrial Revolution(pp. 86-103). IGI Global. Yeow, A., Soh, C. and Hansen, R., 2018. Aligning with new digital strategy: A dynamic capabilities approach.The Journal of Strategic Information Systems,27(1), pp.43-58. Yoga, I.M.S. and et. al., 2019. Information technology adoption on digital marketing communication channel.International journal of social sciences and humanities,3(2), pp.95-104. ONLINE How to Use Customer Journey Maps to Grow Your Business, 2018. [Online] Available through: < https://www.textrequest.com/blog/customer-journey-maps/ >. Yelp Inc SWOT Analysis, 2018. [Online] Available through: <https://www.essay48.com/term- paper/6277-Yelp-Inc-Swot-Analysis>. Yelp vs. Google vs. Facebook Reviews: which should you focus on and why? 2019. [Online] Available through: <https://www.searchenginewatch.com/2016/09/19/yelp-vs-google-vs- facebook-reviews-which-should-you-focus-on-and-why/>. 13