Digital Marketing Strategy Portfolio of Lexus Car Brand
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This document provides an analysis of the digital marketing strategy development issues of Lexus car brand and identifies its target market. It also includes strategies for Facebook, Instagram, and YouTube.
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Running head: DIGITAL MARKETING STRATEGY PORTFOLIO OF LEXUS CAR BRAND Digital Marketing Strategy Portfolio of Lexus Car Brand Name of the University: Name of the Student: Authors Note:
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2DIGITAL MARKETING STRATEGY PORTFOLIO OF LEXUS CAR BRAND Table of Contents Introduction..........................................................................................................................3 Digital Marketing Strategy Issues.......................................................................................3 Target Market......................................................................................................................3 Facebook Digital Marketing Strategy..................................................................................4 Instagram Digital Marketing Strategy.................................................................................7 YouTube Digital Marketing Strategy..................................................................................8 Conclusion.........................................................................................................................10 References..........................................................................................................................12
3DIGITAL MARKETING STRATEGY PORTFOLIO OF LEXUS CAR BRAND Introduction In increasingly competitive business environment brand management has turned out to be vital marketing variables and the purpose of the digital marketing strategy of the company is focused on increasing perceived value of consumers’ products along with increasing bead equity. Lexus is positioned as luxury car brand from Japanese automakers Toyota Motor CorporationF, (G., L, R. and F, R. 2019). The objective of the paper is to analyze the digital marketing strategy development issues of Lexus car brand along with recognizing its target market. Moreover, in developing an effective brand image among its target audience effective digital marketing strategies through Facebook, Instagram and YouTube social media channels will be developed. Digital Marketing Strategy Issues Lexus is observed to deal with issues in developing effective digital marketing strategies in attaining an increased target consumer base. The company has limited exposure to the potential consumers as it just promotes its premium and costly cars (Baert et al. 2016). The company is recently dealing with issue related with attaining increased reach among the target audiences through promoting new features of the Lexus brand. The digital marketing campaign of the company is not that effective in promoting its luxury brand because of the rapidly changing online marketing world (Berman 2016). Moreover, emergence of increased social media marketing is facilitating the company’s competitors in attaining competitive advantages through developing creative ads.
4DIGITAL MARKETING STRATEGY PORTFOLIO OF LEXUS CAR BRAND Target Market The target market focused on which the Lexus brand is intended to develop effective marketing campaign is the premium market segment. The premium consumer group will be of high income class, belonging to the age group of 20 to 40 years those are highly active on social media and considers attaining reviews of a brand from these sites (Dery, Sebastian and van der Meulen 2017). Lexus brand has targeted the upper class of the society. The target market demands for sleekness and elegance that can provide them with a smooth ride. Moreover, another factor that persuades the target market is their own personalities and self-concepts along with having a smoother drive to the city areas. Moreover, lifestyle is another influential factor in better choice of cars (Frausto-da-Silva, Grilo and Cruz-Machado 2015). Facebook Digital Marketing Strategy In order to increase visibility of it cars, the Lexus brad can focus on creating several unique advertisements for Facebook those can be mostly video advertisements that can serve as a new approach to developing creative advertising campaign on social media. Facebook can serve as a personalized advertisement campaign that is relied on the desires and likings of the target consumers that will portray “live, play, activities and travel” among the youth target audiences (Hanna and Rowley 2015). Such advertisements can persuade them. In implementing this digital marketingstrategyLexusbrandmustconsiderdeveloping“FacebookLive”toincrease interactionwith the automotiveenthusiaststhose are targetconsumersthose thinkabout customizing their desired cars. Such advertisements can increase social media conversions with an increased target consumer base along with attaining increased response for developing better social media response from the consumers (Kaur 2016).
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5DIGITAL MARKETING STRATEGY PORTFOLIO OF LEXUS CAR BRAND
6DIGITAL MARKETING STRATEGY PORTFOLIO OF LEXUS CAR BRAND InlaunchingtheFacebookadvertisements,Lexusmustmakesurethatsuch advertisementsattainenoughreachwithamplifyingtheiractivationsandtestingthe advertisements through “Facebook Live” beforehand. Before implementing Facebook Live digital marketing campaign, Lexus brand must experiment with the crowd sourced design along with the live element in order to unveil an airshow (Ryan 2016). In improving target audience reachandvisibilityofFacebookadvertisementcampaignthecompanymustemploya combination of organic increases through attaining earned media partnerships, sharing and paid placements. The Facebook advertising strategy of Lexus must also develop its creative Facebook strategy must be focused on featuring a series of videos with multifaceted messaging. Such advertising strategy will be focused on demonstrating the manner in which Lexus cars offered to
7DIGITAL MARKETING STRATEGY PORTFOLIO OF LEXUS CAR BRAND consumers with highly innovative upgrade to the typical SUVs can attract a new target audience that will be social along with being highly engaged (Yang 2018). The video ads in Facebook will have the objective of targeting consumers in a 3months timeframe and reaching over 600 targeting groups in Facebook. Instagram Digital Marketing Strategy Lexus can employ effective Instagram digital marketing strategy in attracting target consumer base for the brand. Lexus can consider developing innovative and engaging digital advertising content in order to thrive within the Insta-Car community. Visual storytelling on Instagram can be used by Lexus brand in developing emotional stories that will be designed to convenience of their target audiences (Zhang and Liu 2017). The content that will be developed by Lexus will focus on offering the young consumers a positive association with the brand that they feel to be highly influencing for them to purchase cars. Regular feeds, stories along with live streams on the Lexus car models and its features can be highly recognizable and memorable that can encourage them to visits Lexus showrooms. In increasing the visibility of the Lexus cars high definition videos and images of cars will be advertised in the Instagram posts that can show up in the feeds of its followers either through promotions or organically (Hanna and Rowley 2015).
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8DIGITAL MARKETING STRATEGY PORTFOLIO OF LEXUS CAR BRAND Videos taken on road trips by Lexus brand cars using vibrant colors in the video background can indicate the potential target consumers to observe the type of lifestyle demanded by them and get more associated with the features of the Lexus cars. Moreover, in the company’s Instagram pages live streaming from the local dealerships is considered to promote flash sale. Advertising user photos with landscapes views from the Lexus cars or with their vehicle within the frame can make the target consumers to pay an increased attention regarding the ways in which the car trips in Lexus can be comfortable. Timeframe for Instagram advertisements will be for the duration of 6 months during which the brand is focused on attaining increased audience visibility (Hanna and Rowley 2015). YouTube Digital Marketing Strategy YouTube videos can be developed effectively by Lexus Car brand in attracting a huge consumer base through increasing visibility in tis social media platform. The brand is targeted to increase conversion rates by 80% after launching is YouTube video advertising campaign for the
9DIGITAL MARKETING STRATEGY PORTFOLIO OF LEXUS CAR BRAND time duration of 6 months. The YouTube ideas will be focused on explaining the features along with advantages of the Lexus cars along with those adding charity events along with social functions can be held by the brand in its YouTube channel. Such videos are intended to trigger a “feel good” factor which is generally considered to have a positive impact on the viewers (Baert et al. 2016). The YouTube digital marketing strategy for the Lexus brand will consider constant sharing, uploading and viewing videos on its newly launched cars. Such advertising campaign will be targeted on ensuring that the unregistered YouTube users can watch videos of its cars and features and the registered users are permitted to upload an unlimited number of videos (Baert et al. 2016).
10DIGITAL MARKETING STRATEGY PORTFOLIO OF LEXUS CAR BRAND Few considerations in the YouTube digital marjting strategy of Lexus brad is indicated below: Community mindset: Vote Primary demographics: 25 and 45 Ideal fit: Entertainment and big brands Largest opportunity: Generating viral content Potential challenges: Conversions, negative comments or word of mouths Success evaluation metrics: Subscribers, Rating and Comments YouTube digital marketing tools used: YouTube Insight and Tube Mogul Conclusion The objective of the paper was to analyze the digital marketing strategy development issues of Lexus car brand along with recognizing its target market. It was gathered from the
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11DIGITAL MARKETING STRATEGY PORTFOLIO OF LEXUS CAR BRAND paper that Lexus is observed to deal with issues in developing effective digital marketing strategies in attaining an increased target consumer base. In order to increase visibility of it cars, the Lexus brad can focus on creating several unique advertisements for Facebook those can be mostly video advertisements that can serve as a new approach to developing creative advertising campaign on social media. Moreover, Visual storytelling on Instagram can be used by Lexus brand in developing emotional stories that will be designed to convenience of their target audiences.
12DIGITAL MARKETING STRATEGY PORTFOLIO OF LEXUS CAR BRAND References Baert, C., Meuleman, M., Debruyne, M. and Wright, M., 2016. Portfolio entrepreneurship and resource orchestration.Strategic Entrepreneurship Journal,10(4), pp.346-370. Berman, B., 2016. Planning and implementing effective mobile marketing programs.Business Horizons,59(4), pp.431-439. Dery, K., Sebastian, I.M. and van der Meulen, N., 2017. The Digital Workplace is Key to Digital Innovation.MIS Quarterly Executive,16(2). F, G., L, R. and F, R., 2019.Lexus Europe: Luxury & Hybrid Cars. [online] Lexus.eu. Available at: https://www.lexus.eu/ [Accessed 31 Jan. 2019]. Frausto-da-Silva, T., Grilo, A. and Cruz-Machado, V., 2015. Selection of Digital Marketing Channels: Application of Modern Portfolio Theory. InIndustrial Engineering, Management Science and Applications 2015(pp. 585-597). Springer, Berlin, Heidelberg. Hanna, S.A. and Rowley, J., 2015. Rethinking strategic place branding in the digital age. InRethinking Place Branding(pp. 85-100). Springer, Cham. Kaur, H., 2016. A Systematic Review on the Field of Digital Marketing.International Journal Of Technology And Computing,2(12), pp.539-543. Ryan, D., 2016.Understanding digital marketing: marketing strategies for engaging the digital generation. Kogan Page Publishers. Yang, M., 2018. International entrepreneurial marketing strategies of MNCs: Bricolage as practiced by marketing managers.International Business Review.
13DIGITAL MARKETING STRATEGY PORTFOLIO OF LEXUS CAR BRAND Zhang,J.andLiu,R.,2017.Popularityofdigitalproductsinonlinesocialtagging systems.Journal of Brand Management,24(1), pp.105-127.