TABLE OF CONTENTS INTRODUCTION...........................................................................................................................1 LO1..................................................................................................................................................1 P1 Overview of Digital marketing landscape along withcomparison between offline as well as online marketing activities.......................................................................................................1 M1 Opportunities and challenges for digital marketing landscape.............................................3 P2 Assessment of key consumer insights and trends that are important in growth of digital marketing.....................................................................................................................................3 LO2..................................................................................................................................................5 P3 Analysis of different digital tools in comparison to various physical channels including bricks & mortar............................................................................................................................5 M2 Different digital tools that can be utilized in organization to fulfil marketing requirements7 P4 Growth of e-commerce along with digital marketing channels in contrast to different physical channels........................................................................................................................7 LO3.................................................................................................................................................9 P5 Establishment of digital marketing plan as well as strategy to generate multi-channel abilities.........................................................................................................................................9 P6 Evolution of Omni-Channel marketing................................................................................14 M3. Tools and techniques to plan a full proof omni-channel campaign..................................15 LO4................................................................................................................................................15 P7 Evaluation of performance metrics and measurement techniques within digital marketing ....................................................................................................................................................15 P8 Various actions and plans to enhance digital marketing performance.................................17 M4 Evaluation of applications of performance matrix and digital measurement techniques...19 CONCLUSION..............................................................................................................................19 REFERENCES..............................................................................................................................21
INTRODUCTION Digital marketing can be defined as a way through which advertisement and marketing of products and services can be donevia advanced technology likemobile phones, email marketing, social media marketing and many more. In order to do digital marketing it is important for organizations to understand digital landscape and develop digital marketing strategies (Kotler and et.al., 2017). Optimal use of digital marketing helps the organizations to connect with their customers, understand their behaviour, attitude, experience and attitude towards the organization and its products or services. Today most of the companies are focusing on doingdigital advertisingand advertising as itaidsthem to reachwide range of customers. Digital marketing has various benefits such as: it is quite cost effective and reduces marketing expenditure, provides a platform to connect and communicate with their customers, provide better pre and post sales services. This assignment will focus on Argos, which is a British catalogue retailer which mainly operates in United Kingdom and Ireland. They have more than 800 retail stores and have more than 29,000 employees. This assignment will lay emphasis on overview of Digital marketing landscape and comparison of offline and online marketing concepts, analysis of consumer insights and trends that is fuelling digital marketing, opportunists and challenges of digital marketing, digital tools, hardware and platforms used for digital marketing, digital marketing plan and activities and different methods of monitoring and measuring digital marketing. LO1 P1Overview of Digital marketing landscape along withcomparison between offline as well as online marketing activities Digital marketingis basically themarketingand advertisingof services and products throughvarious kinds of digital technologies such as internet, display advertising, mobile phones, social networking sites, emails and any other kind of digital medium. Digital marketing helps the organizations to connect with their audience or customers in a more efficient manner (Chaffey and Ellis-Chadwick, 2019).As There are various digital marketing tools such as social networking sites that are used by large number of people. This large use of digital technologies makes it much more easier for the organizations to reach their targeted customer's.In other words digital marketing can be defined as marketing efforts done by the company using any kind of electronic or digital device or platform. This is one of the best way for the companies to reach 1
totheircustomersinanefficientmannerandfulfiltheirneedsandrequirementsby understanding them. It has been observed that today most of the customers prefer to use digital or electronic technology rather than using old methods for many things such as shopping, surveying etc. It has been observed that usage of digital marketing by the organisations is increasing year by year. This digital technology can help Argos to understand their customers in a better manner and can provide them with improved services and products. It has also increased their scope of marketing and has helped them to increase their customer base as well because there are wide variety of tools, platforms and technologies that help companies to do digital marketing of their products and services (Lilien, Rangaswamy and De Bruyn, 2017). It has helped companies to reach their customers, influence them to buy their products or services. But for this, companies need to understand all the evolving stages of digital marketing. Todaystagesofdigitalmarketingandadvertisingareconstantlyevolvingandchanging includingmobileapplications,emailmarketing,payperclickadvertising,searchengine optimization and many more. This is called digital marketing landscape which helps in brand positioning as well. In other words digital landscape can be defined as digital communication a channel that are adopted by organizations or businesses and is used by customers or consumers. Increasinguseofdigitalmarketingandadvertisementhasincreasedthecomplexityand importance of digital landscape as different kinds of digital tools, technologies and platforms has evolved and their usage has increased(Pelsmacker, Van Tilburg and Holthof, 2018). Today correct and efficient usage of digital marketing landscape is quite important to increase as well as attract new customers and increase their customer base as usage of these digital technologies among customers is also increasing day by day. Many times this digital landscape helps companiesto identifytheir competitorsin thiscompetitivemarketand gain competitive advantage. As it helps them to understand their competitors’ products and services and bring improvement within their services and products. Due to this it has become quite important for organizations like Sainsbury's Argos to adopt and use this digital landscape in an efficient manner (Cohen, 2017). There are two main types of digital marketing that is being used by companies that are: onlineas well asoffline marketing.TheOnline marketing is a kind of marketing which is done using internet like socialcommunicationmarketing, email marketing etc. Whereas offline marketing is a kind of marketing which is done without using internet like television, radio etc. 2
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Usage of both the type of marketing is same i.e. to create brand awareness among customers and increase their overall sales and revenue. However, there are few maindistictions between online as well as offline marketingwhich are: online marketing can be measured using Google analytics or any other tool whereas there is no efficient way to measure offline marketing done by companies. Online marketing is a continuous process that provides long term exposure whereas offline marketing can only be done for a short period (Manser Payne, Peltier and Barger, 2017). Online marketing can help the organizations to target large number of customers whereas offline marketing can only target limited number of customers. There are various benefits of digital marketing such as: it is one of the most powerful marketing tool or platform which helps the organizations to reachwide audience. It is one of the easiestand cost efficientways of doing marketing asmost of the tools, platforms and technologies used for digital marketing is free of cost(Tamaki, 2018). It is one the most easy and efficient way of marketing which can help the organizations to measure their success within a fixed interval of time. It allows the business to reach their target audience. M1Opportunities and challenges for digital marketing landscape Digital marketing can be used as one of the most important tool by the organizations which can help them to reach larger targeted customers through better digital marketing strategies. However, there are many challenges that can be faced by organizations such as: Competition in this field has grown to such extent that if any organization want to gain competitive advantage then they need to introduce something unique so that they can gain competitive advantage using digital marketing. P2Assessmentof key consumer insights and trends that areimportant ingrowth of digital marketing Customer understanding and insights importance in development of digital marketing activities In today's world it is extremelyessentialfor companies to think about their customers, their needs and requirements. As it helps them to build marketing strategies for their products or services. If marketing strategy build by the organization is not accurate or proper then it will impacttheoverallsalesoftheirproducts.Customerinsighthelpstheorganizationsin interpreting their customer’s attitude, behaviour towards the product or services provided by the organization. It helps in increasing the effectiveness of the services and products for customers 3
which eventually help them to increase sales of their products. In other words understanding customer's insight and understanding for the brand and their product helps the organizations to understand the reason behind their behaviour, attitude, and perception of their clients or customers towards their products or services(Medina, Coelho and Bellido-Pérez, 2017). It has been observed that today fashion trend and marketing is continuously changing which are impact customers views, perception towards all the products and services that are being offered by the organizations. This continuously changing market and fashion trend is forcing companies to bring changes among marketing of their products and services. Companies need to build correct marketing strategies especially for digital marketing all the tools, technologies and platforms like social networking sites, emails and various others. Not only this due to advancement in technologies, digital marketing landscape is also changing which is impacting digital marketing strategies (Melero, Sese and Verhoef, 2016). Due to this, continuous evolution in technology, market and fashion trend customers understanding and insight towards the brands and usage of digital technologies is also changing. As a result organizations like Argos need to bring changes and develop digital marketing activities that are used or done by them. Argos need to focus on all the digital marketing activities adopted by them in order to increase sales of their products and services as well as increase focus on the tools and technologies they are using. This will help them to remain in touch within their customers and understand their insight, perception(Dunlop, Freeman and Jones, 2016). They also need to try other platforms that are used by the consumers where they can do marketing of their products and services. Challenges and impacts of digital marketing Thereare various challengesthatare associated with digital marketing. The way companies face those challenges can impact an organisation both positively and negatively(Cant and Wiid, 2016). The main focus of most of the organizations has shifted from their products price and profit to customers preferences, experience and need associated with the brand and their services and products. Digital marketing has made a huge impact on organizations as because of digital marketing has exposed their products and services due to which they constantly need to bring changes within their products and services like lowering its prices, improve its quality, introduce new additional features etc. Digital marketing has also shifted organizations focus from their brand and suppliers to their customers needs, their expectations, their experience and requirements. They constantly try to fulfil their customers need and try not 4
to hamper their trust within them. Organizations such as Argos bring continuous changes within their products as per their customers requirements and expectations and introduce those products or services to them. It is also important for companies to constantly focus on their customers perception towards their brand because any kind of negative publicity can affect their customers expectations and perception towards the brand(Bala and Verma, 2018). This negative publicity can impact overall sales of their products or services as well. There are various devices that can be used to interpret customers behaviour, experience and expectations towards the brand like by conducting an online survey, taking feedbacks from the customers and various others. There are many other devices and tools that are used by the customers as well as by the organizations which helps them to get in touch with each other. However, tracking and monitoring of such tools and devices is one of the main challenges that are faced by the organizations. For this, companies need to use various other technologies like google analytics, number of clicks (Ailawadi and Farris, 2017). Another challenge this digital marketing has increased for organizations like Argos is competition. Due to this increasing number of digital technologies' competition in this competitive environment is increasing due to which companies need to focus on their digital marketing strategies so that they can compete with their competitors. LO2 P3Analysis of different digital tools in comparison to various physical channels including bricks & mortar Digital platform for revenue generation and use of Digital tools and technologies to enhance and support marketing There aredifferentkinds of digital hardware, tools and platforms that areutilizedby organizations for digital marketing of their services and products(Tuten and Solomon, 2017). It is important for companies to focus on digital marketing as it not only helps in marketing of their products but it also helps them in revenue generation. Organizations can use digital platforms for example: social networking sites like Twitter, Instagram, Facebook, their organization website and various others for marketing because marketing on such platforms using internet is done properly then it will help companies to reach large number of targeted audience, increase their overall sales which eventually help the company to increase their overall revenue. It is much easier to use such kind such platforms and communicate their organizations targeted customers. 5
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Not only such kind of digital platforms have become one of the most important part of marketing especiallysocialmediamarketing.Socialmediawebsitesareoneofthemostcommon technologies that is used by customers through which companies can get in touch with them (Taken Smith, 2016). Other than this there are various other kinds of digital hardware's, tools and technologies that can be used by companies for digital marketing and revenue generation such as search engine optimization (SEO), display of online advertisements, e-commerce marketing, google advertisements, email marketing and many more(Moreno and et.al., 2015). Out of all these SEO is one of the most common tool that is used by the companies to improve quantity and quality of website traffic. SEO helps in increasing the visibility of websites or web pages to users. Other than those there are many other tools that help in measuring acquisition and retention of customers. Correct usage of these tools is extremely important as it impacts their digital marketing strategy success, sales of their products or services and revenue generated by the same. These digital tools and platforms also help in building and increasing communication between organization and customers. The stronger this communication bond is, stronger the marketing of organizational products is(Mogos, 2015). It can be explained with the help of marketing mix: Product: There are various kinds of digital marketing tools such as social media sites, emails. This helps the companies to increase popularity and reach of their products and services. Price: Focuses on increase/decrease in customer base, number of online/offline buyers or users. This helps them to understand increase or decrease within their customer base. Place: All the platforms or tools that can be accessed by users like Facebook, Instagram, web pages and many more. Promotion: Digital marketing done by the companies on different tools, hardware's and platforms (Chaffey and Ellis-Chadwick, 2019). Physical evidence: Strengthening of communication bond between organizations and customers. People: All the customers who uses online platforms or services. Partners: Facebook, Google and other companies who support digital marketing It is important to focus on online marketingasit is one of the most reliable way to access &understand customers(Ramosand et.al., 2017). Not only has this it also helped the 6
organizations to build a strong communication with their suppliers as well. Optimal use of digital marketing tool also helps the company to reduce their overall marketing cost, increase their revenue generation and increase their overall profit as they can get in touch with large customer base without any number of additional cost, can record or analyse all the social media activities of their customers, understand their shopping or service using patterns. According to this analysis organizations can develop effective marketing strategies. M2Different digital tools that can be utilized in organization to fulfil marketing requirements There are various tools that can be used by organization to meet their marketing requirements such as social networking sites, search engines, online advertisements etc. These tools are one of the most common tools that are used by most of the people. These are the most appropriate tools that can be used by the organizations which canassistthem tofulfiltheir marketing requirements. P4Growth of e-commerce along with digital marketing channels in contrast to different physical channels In order to understand development of digital marketing channels and platforms as well as e-commerce it is important to understandstages ofconsumer life cycleindigital adoption, variousonline transactionas well ase-commerce growth and role of automatedwithnon- automated sales and support activities (Rohm, Stefl and Saint Clair, 2019). Customer life cycle stages of digital adoption Customer life-cycle stagesindigital adoption consist of five main steps, explained below: Awareness: here awareness about the brand, its products and services is build. Throughthe use ofdigital marketing customers get to know about the organizations, its brands, products and customers in a detailed manner. Based on the knowledge provided to customers, they build an understanding or perception for the organization(Maravilhas, 2019). Engagement: After generating awareness among customers about the brand, customers start engaging themselves with the brand, their products and services, start following them on social networking sites as well. Evaluation: Almost all the customers before taking any decision about the brand they do some evaluation and research before taking any decision with the help of digital technologies. They compare the brand and its products with their competitors and then develop an understanding about the organization. 7
Purchase: On the basis of the evaluation done by the customers digitally they make purchases. Experience and loyalty: One the basis of purchases made by the customer's products and services and their experiences, customers build loyalty for the brand and digitally provide feedback to the organizations(Hansen and Sia, 2015). Online transaction and e-commerce growth It has been observed that usage of digital technology, tools and platform is day by day increasingamongcustomers.PlatformslikeSocialmediawebsites(Facebook,Twitter, Instagram) are frequently used by most of the customers. These websites help them to gain understanding about the organization, its brand, products and services. It is one of the most easy and efficient way in which customers can get in touch with the company, get detailed understanding about their business, their services and all the other range of products their provide, market in which they operate, their business and many more. Optimized usage of digital platform makes it much easier for the customers to do comparison between a brand and its competitors’ products(Sokolova and Titova, 2019). Other than social media websites customers also use e-commerce websites for purchase of any product, comparing two or more than two products. It has been observed that today most of the customers prefer using e-commerce website for purchases by doing online transactions as it is one of the easiest way of doing transaction in order to purchase a product. However, these e-commerce websites and online transactions has decreased the value of physical channels like stores etc. (Saura, Palos-Sanchez and Correia, 2019). Role of automatedalong withnon-automated sales and support activities As it is already known that nowadays usage of digital technologies is increasing continuously due to which organizations are paying more attention to automated support and sales activities instead of non-automated salesas well assupport activities. Another reason for this shift is because non automated salestogether withsupport activities involve manual work like documentation, paper work etc. Due to this manual work there are chances of errors as well as a result companies are focusing on automated sales which helps them to track their customers, easy automation and updates within documents, understand their targeted customers in an easy manner(Fiore and et.al., 2016). It also helps the organizations to provide pre and post sales services to their customers. Automated sales are also helping the organizations to increase their customer base, provide online sales of their products and services. As a result there is a huge 8
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development in e-commerce websites as well as in digital marketing channels and platforms which is helping the organizations to increase their sales and customer based and is helping customers to gain understanding about companies products and services in an easy manner and make transactions and purchases online without visiting the physical stores of the brands (Ruan and Siau, 2019). LO3 P5Establishmentof digital marketing planas well asstrategy togeneratemulti-channelabilities DIGITAL MARKETING PLAN Digital marketing planis generally adocumentthatoutlines the marketing activities planned and conducted by company for the future. A digital marketing plan include situational analysis, digital marketing goals, marketing strategy (STP), digital strategies & tactics and measurement of the strategies (Kaltenrieder, D'Onofrio and Portmann, 2016). Digital marketing plan of Argos Ltd. are as follows - DIGITAL MARKETING PLAN FOR ARGOS LTD. (Digital Marketing Campaigns Planning) CompanyIntroduction: Argos Limited Company is a retailing company which was founded in year 1972. Its headquarters is in England, United Kingdom (UK). Currently company has 850+ shops in the market of United Kingdom and Ireland. Its parent company is Sainsbury's. Vision: To become best retail service provider. Mission: Invest the capital in digital marketing to offer the best possible shopping experience to the customers. Goals :Argos goal is to become the best choice for the customers by offering good quality products and services. Objectives: Argos objectives regarding digital marketing are as follows - Increase the sales by 20% by the end of year 2022. Increase the customers' satisfaction rate by 10% by the end of year 2020.Receive 70000 customers per year from Google by the end of year 2020. Value Proposition :Company's valueproposition is to take the leverage its physical presence to become an omni-channel shopping destination. Situational Analysis(SWOT Analysis)of the Company: Situational analysis (SWOT) analysis 9
of the company is as follows - StrengthsWeaknesses Offers online shopping service Huge working force Limited market shares Different pricing strategy OpportunitiesThreats Expansion of the business Online growth Tough Competition Change in government policy STRENGTHS - Offers online shopping service— Company is offering its products and services through online shopping system which is benefit for the company as they are able to attract their customers easily with the help of user-friendly online shopping site. Huge working force— Company has given employment to around 30000+ employees which is benefit for the company as they help Argos to attain their objectives which lead organization to earn profitability (Manser Payne, Peltier and Barger, 2017). WEAKNESSES - Limited market shares— Company has very limited market such as United Kingdom and Ireland which lead company to have limited market shares as compared to another retailing company. Different pricing strategy— Company has adopted different pricing strategies in UK and Ireland which lead to price war in the company as well as in the competitors. This price war has impact the company's brand image negatively. OPPORTUNITIES - Expansion of the business— Company is running under the organization, namely, Sainbury's which a global company is. Also, Argos' brand image is good between customers. This can be a growth opportunities for the company to expand its business in the global market. Online growth— Company can gain growth in its online business by greater utilization of online sales channel and marketing tools. Also, Company can gain competitive advantages on the basis of innovative technologies. 10
THREATS - Tough Competition— Whether its online business or offline business, in the retailing industry, Company has to face tough competitions in the context of customer base, market share and market presence which is low in case of Argos as compared to other retailing companies. Change in government policy– Due to change in government policy regarding retailing, Companyalsohastochangetheirorganizationalpolicywhichaffectsthecompany's profitability (Keegan and Rowley, 2017). Pestle Analysis :Pestle analysis of the Argos Company is as follows - FactorsTheir Impacts on Digital model of business Political FactorDue to growth in e-commerce business, Government of United Kingdom is supporting online business in many ways which lead Argos to be get support from the government. Economic FactorThere is 100% FDI in online retail of goods and services which lead Argos to get enough investment for the future growth. Social FactorDue to increase in the number of online users day by day, it will be beneficial for the company to go for online business model. Technological FactorCompany have enough money to invest in technological devices which will make company's websites and applications user-friendly for the customers (Morris, 2019). Legal FactorDue to various internet crimes happening around, UK government has imposed various law such as Data Protection Act, Customer Right Act and EXIM Act etc. which must be followed by the company necessarily. This will help company to conduct its business within the legal framework. Environmental FactorCompany will have to invest in Corporate Social Responsibilities in which the focus will be on environmental and social development of the country so that company's sustainability can be ensured and maintain. 11
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Porter's Five Forces Analysis :Following is the Porter's Five Forces Analysis(Competitor Analysis)of the Argos - Five ForcesImpact Industry RivalryThere are so many strong competitors with whom Company has to fight against. Thus, it is strong force for the firm. Bargaining Power of SuppliersThere is low suppliers for the company to get what firm wants to operate its online model. Thus, it is moderate to strong force. Bargaining Power of BuyerBuyers can easily switch to another company,if company is unable to satisfy the demands and needs of consumers. Thus, it is strong force. Threats of New EntranceNew entrance in the industry will reduce the market share in online retail industry. This states that this force is low for the company. Threats of SubstituteThere is high availability of substitute of goods and services being offered by the Argos to their customers through online business. Thus, this force is also strong. ChannelStrategies: Toattaintheobjectives ofdigital marketing , Company are using following strategies which are as follows - Social Media Marketing Email Marketing Search EngineoptimizationMarketingE-Advertising and Traditional Advertising Marketing. Marketing Strategy (STP) of the Company :Segmentation, Targeting and Positioning strategies of the Argos Company are as follows - SEGMENTATION — Company divide their customer base into 2 segments – Online buyers and Offline buyers TARGETING — On the basis of segments, Company mainly target the households and small families (Lilien, Rangaswamy and De Bruyn, 2017). 12
POSITIONING — After targeting, Company will focus on brand positioning. Implementation of Strategies: For the implementation of strategies, company will firstly plan about it and then put them into actions. In order to do that, company will make sure about the availability of required resources and frame the policies, standards and benchmarks. After that, Company will analysis the outcomes and standards in order to make sure about the effectiveness of the strategies. Measurement of Strategies: There are various measurements through which Company can analysis its digital strategies. These measurements are as follows - By Conversion RatioBy Google Analytics (Hudson and Hudson, 2017) Distribution: Company will distribute its products and services to the customers by indirect distribution channel in which wholesalers are involves. Getting the orders from customers, Company will supply the goods and services to the wholesaler from warehouses and then wholesaler will give it to the distribution centre of the company from where, the products and services will be access to the customers by deliver boy (Cohen, 2017). DEVELOPMENT OF STRATEGY TO BUILD MULTI-CHANNEL CAPABILITIES For the development of strategy for the purpose of building multi-channel capabilities, Argos Company has to follow some steps which are as follows - Creating mission, vision and core value:For the development of the strategies, Company must develop and communicate their mission, vision and core value for the purpose of getting to know about what an organization wants to achieve and how to achieve it. Focusing on customer:After creating mission and vision, next step is that company should focus on their customers. In this, company will analysis its customers about their preferences towards online shopping and online buying behaviour. This will help company to easily determine the strategies regarding access to the large customers (Culley and et.al., 2017). Cross channel engagement :After analysing the customers' data, Company will focus on the integrating of all the marketing channels which is being use by company for the purpose of attracting the customers and fulfil theirdemands and needsin order to enhance the customer satisfaction (Cohen, 2017). 13
E-Commerce platform integrations:Here Company will try to enter into various e-commerce platforms in order to increase its capabilities regarding multi-channels. This will help them to reach out at the more and more customers which is benefits for the organization. Like this, Company can develop the strategy for the increasing its capabilities in multi- channel in order to improve its efficiency and enhance its brand image (Chaffey and Smith, 2017). Opportunitiestogether withchallengesfordigital marketinglandscape - Opportunities— It can businesses to grab various opportunities which are as follows - It helps company to get understand their customers and buying behaviour by various matrics and measurement which is beneficial for the development of products and services, company is offering. It also helps company to do everything with the automation and artificial intelligence which is beneficial for them to improve their performance and enhance their market share. It results in gaining competitive advantage (Chaffey, Hemphill and Edmundson-Bird, 2015). Challenges— There are various challenges which are being face by the company due to digital landscape. These challenges are such as – They have to build and upgrade their websites which requires a lot of expenses and cost too. Another challenge is that there is increasing in the security risk and it lead company to face loss due to leak of information or lack of security of data, system or anything. P6 Evolution of Omni-Channel marketing. Meaning of Omni-Channel Marketing Itis about themarketing strategy which is being used in the context of multi-channel sellingmethods. In this marketing, Company provides their customers an integrated shopping experience through various e-commerce platforms, sites and applications. Here, it doesn't matter for the company about where customers are (Ailawadi and Farris, 2017). Evaluation of Omni-Channel Marketing “Omni” is the Latin word which means every or all. Thus, here Omni-channel marketing means combination of physical and digital marketing channels in order to reach out to the large audience and offer them amazing shopping experiences. This marketing is very important for all the marketers in the context of attaining marketing and organizational goals. This marketing has a long way to become one of the most important marketing strategy (de Vicuña Ancín, 2018). 14
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Evaluation of Omni-channel marketing happened due to internet marketing. Due to innovation in Information and Communication technologies, digital technologies, social media and mobile devices were emerged and from here Omni-channel Marketing were born. It is one of the rapidly growing strategy for the business in retailingindustry (Melero, Sese and Verhoef, 2016). The omni-channel marketing was introduced in year 2010. The use of this strategy was grew at the rate of 5 to 10%. This growth happened due to increase in the number of phone users and online users (Manser Payne, Peltier and Barger, 2017). M3. Tools and techniques to plana full proofomni-channel campaign. Following tools and techniques can be used by Argos for the purpose of plan omni- channel campaign - Secure Payment Gateways— Argos will focus on the security measurements and along with that, company will focus on the secure payment gateways. This will help firm to plan accurate omni-channelmarketingcampaignwhichwillbeneficialforthecustomerretentionand customers satisfaction. Analytical Tools— there are various analytical tools available to the Argos. By the help of these tools, Company is able to analysis the data regarding the customers' buying behaviours and perception towards the Argos (Kotler and et.al., 2017). By analysing these data, Company can get to know about the customers and accordingly prepare the omni-channel campaign so that customers can attract and become loyal towards enterprise. LO4 P7Evaluation of performance metrics and measurement techniques within digital marketing This is the tool which describes the digital marketing metrics.It is helpful in identifying the values like help to identify the profit and loss that firm can gather through their digital websites. This tool is the best every firm used in the business, the marketing teams of Aargos Ltd measure and track the performance of their marketingcampaigns (Smith, 2019). Therefore, Digital marketingteams of Aargos ltd use a different type of methods and technological tools to enhance the demand by promoting their services and products, and tracking the results can often be time-consuming and difficult. There are different types of techniques and metrics. Aargos ltd can uses this tool in the business to identify the digital marketing ROI which is described below. 15
Key performance indicators –This key performance indicator is theprimarytool Aargos can utilizein the business to determine thedigital marketing real performanceas well asmeasure the worthwhich will be helpful in attaining the future goals of company. On theanother hand, Aargos use apply this tool on thedifferentchannels as itis helpful indescribingwhich channel has highest performanceand whichisunder performing. Thus, it aids toestimate the number of different users using the company website. This is thegreattool which describethe company's overall performance. Conversion rate —Thismeasurablemetricshelps to identify the return on investment. This is the best tool which describes that how to use the resources in the business accurately to achieve the overall organization goals(Saura, Palos-Sanchez and Correia, 2019). This method is determined that where you can allocate your resources in the best activity that can helps to earn the income. Thus, Aargos ltd find that there are some activity which earn more compared to other activity, so firm can focus on investing the money on these channels that helps to improve the ROI and generate the high revenue for the business. Therefore, by analysing the weaker activity firm can re-evaluate the strategies and make another plan that helps to generate the high profitability (Morris, 2019). Cost Per Lead —It is themeasurable metricsthat helps to increase the level of firm that means firm can use the new and innovative ideas for enhance the sales(Rohm, Stefl and Saint Clair, 2019).Therefore, to establish a new idea firm need tomeasure how much you are paying for each new lead. This will help Aargos ltd to determine what your return on investment is for that particular campaign. CPL formula. CPL= (Total ad spend / Total attributes leads) To calculate the CPL firm decide that it is positive or not. Therefore, when it is positive firm can produce the new product. On the other side, it can negative so, firm can invest money due to negative result. Lead Close Rate —Thismetricsdescribes that how to identify and monitorAargos ltdlead close rate. Therefore, firm usedthismetric in the business to identify the actual cost of digital campaigns. Therefore, this is the good chance that this information isn’t being integrated into the online analytic firm collect. Thus, firm calculate thelead close rate that helps to identify the better idea of how effective firm can make digital marketing campaigns that helps to contribute 16
to in increasing the return on investment (Ruan and Siau, 2019).Thus, firm can Check the level of Lead close rate (Classen and Friedli, 2019). Therefore, This method will help to firm for better understand how profitable the every activity for their business and marketing campaigns. Cost Per Acquisition —Thismeasurable metricsis also helpful to enhance the demand of product, this method provides that how to attract the customer. Thus,cost per acquisition describes the value to Aargos ltd that how much are costs enhancing to acquire a newcustomer (Chaffey and Ellis-Chadwick, 2019). Therefore, to calculate cost per acquisition, divide your total marketing costsby the number of sales generated. Cost Per Acquisition Formula CPA = Total ad spend/ Total attributes conversion Analytics Platforms—There is HubSpot Marketing Analytics Platforms which will use by Argos to measure its marketing efforts due to customers visits. It is an advanced marketing system which will help company to measure it's all marketing efforts together in order to increase its conversion rates and traffics as well. It also helps company to create unique content for the purpose of attracting audience towards the business. Procedures Used For Measuring Digital Campaigns- For the measurement of effectiveness of digital campaigns, Company will look upon the following procedure which is as follows - Company will start the procedure by looking upon the organizational goals and objectives along with the determined time frame. After that company will determine the performance measurement metrics and accordingly decide the success factors. After the implementation of the campaigns.Companywillmeasuretheoutcomeswithsuccessfactorsandevaluatethe performance accordingly (Grubor and Jakša, 2017). P8Various actions and plans to enhance digital marketing performance There are different types of action that helps to improve the performance of firm by improving and developing the digital marketing (Zaveri and Amin, 2019). Skill up employees –This is crucial factoraswhen worker are extremely skilled& proficient, then they can easily carry outtheactivities ofdigital marketing . Thus, firm necessarilyneedto apply the learningas well asdevelopment program to raise theabilitiesand skillswithinthe employees. Related to the digital technology. 17
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Groups related to join digital marketing–There arevariousgrouprelated to marketing.Firms shouldutilizethese groups toincreasetheneedsof product.Like forexample, Argoas can join different websites likeFacebook, tweeter and LinkedIn. Argoas canprovidetheir product descriptionto attract wide group of consumers. Assess the Technology In this stage, firm firstly identify the requirements of budget in the technology. Therefore, firm can implement the new technology in the business, it requires the huge investment. Thus, firstly firm can identify thebudget is being allotted and if there are gaps in the workflow will save your time and money. Firm can used the different types of platforms to improve the digital marketing such as: CMS (WordPress, Drupal, Kentico, Sitecore, Squarespace) Marketing automation (Marketo, Eloqua, Pardot, Hubspot) CRM (Salesforce, Microsoft Dynamics) Content management platform (Kapost) Social media platform scheduling, monitoring, engagement (Hootsuite, Sprout Social, Lithium). Optimize Your SEO SEO is the search engine that provides the best process of increasing the quality and quantity of website traffic(Taken Smith, 2016).Thus,Aargos Ltd can use this engine in the businessto increasing visibility and reduce the traffic of a website that means researcher easily search the websites without any problem. Therefore, there are different ways to improve the SEO. For example, firm track the websites to breakdown the traffic in different activity such as organic, paid, and referral. Measure Your Content Reach In this stage, firm measure the content by analysis the marketing activities (Duffy, 2019). Therefore, firm can measure the internal or external content that may help to identify the picture of what content types, topics, and messaging that help to attract the customer.Thus, this research helps to publish the effective content and description of the product that helps to attract the customer. Track Your Social Channels 18
In this stage, to evaluates all the strategies in the digital marketing of the business.Firm can track their social channels that how many people track these websites, these websites is really popular or not etc (Myat,Sharkasi and Rajasekera, 2019). Therefore, firm can track the social channels through different tools such as SEM Rush and Google Analytic it is the best tool which help to measuring the performance. M4Evaluation of applications of performance matrix and digital measurement techniques In recent era many businesses Focus on improving the performance within digital marketing. As per the view of () It is stated that business are trying to implement the different techniques and make efficient plan while using digital marketing tools for promoting, creating andawarenessfortheirbrandsintothecustomermind.Thus,Argosltdevaluatesthe measurement techniques such as they use the measurement platform, key performance indicators and analytical tool to improve the digital marketing they have studied how these digital marketing tools work or how to conduct an effective digital marketing campaign. Thus, it helps to firm for identify the better technology that helps to generate the number of customers. CONCLUSION From the abovegivenstudy, it has been summarized that Digital marketing isnow becoming a significant part for any marketing department of the company. It helps organization to improve its customers base, enhance the brand image and increase the turnover of the company. Overall, due to digital marketing, Company are able to reach at its large audience and able to attain their organizational objectives. Company are using both kinds of marketing – online and offline which are different from each other. But due to its common marketing objectives, they play complimentary roles for each other. There are various digital tools and hardware which are being used by various organizations working under different kinds of industries. These tools and hardware make digital platforms different from Bricks and Mortaras well asother physical stores & channels. There are various ways of developing e-commerce and otherdigital marketingprogrammeswhich is less difficult in the comparison of development of physical channel where company has to take care of various factors. For the successful digital marketing, Company must develop a marketing plan which is considered to be an important document for any marketers in order to understand the objectives and strategies of marketing department of the company. In order to develop multi-channel capabilities, Company should focus on the marketing strategies which help company to understand its strengths & weaknesses 19
and their impact on the capabilities. In today's marketing era, one strategy is very popular and helps company to enhance its customer base and that strategy is Multi-channel Marketing which was born due to development of e-marketing. There are various digital marketing strategies adopted by company. In order to understand which strategy is effective for the company, they are using various measurement techniques and performance metrics. These techniques and metrics help company to improve its strategies whenever it is required. For the improvement, Company need to conduct various actions which is necessary and helpful for the organization. 20
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