EXECUTIVE SUMMARY Foodora is an Australian based online food delivery company which basically offers meals from the selected 9000 restaurant outlets in the 8 worldwide countries such as Australia, Germany. France, Italy and Spain. Company has decided for Outbound food delivery service for people who are living maximum 50 Kms away from the main city where service is operated. Foodora has also decided the people who are living minimum 20 Kms away from the city and not able to travel daily into the main city for the eatable purpose. Hence, the focus is lies on such target market. The key objective of the e-marketing plan is to create and develop the strategies required for the establishing such expansion idea and structure. INTRODUCTION Initial consultation outcomes-It was found that Foodora is the fast growing and developing food delivery company all over the world. It is important to plan and develop the expansion of the business. Foodora has decided for expanding the business within the 20 Kms away from the main cities. Mission, Vision & objectives-The mission is “Let people enjoy their choice of food at their own choice of place”. The vision is “Make everyone aware of the company even living outside the cities”. The main objective is to serve people with the best services at the most affordable cost. The major focus is lies on acquiring the large proportion of the market. Summary of strategies & tactics to be used-Foodora will adopt the digital marketing strategy to attract the customers and buyers such as google AdWords, newspaper advertising and pamphlets etc. Company has apps/website for serving their products or services, for this Foodora has decided to update their delivery navigation system and other logistics. The objectives can be understood with the help of the SMART concept which are as follow: SMART includes: Specific:Goal and target should be specific, considerable and based on the relevant knowledge and information about the future. Measurable:It should be measurable in terms of time tenure and to know whether it is achievable or not. Agreeable:It involves the decision within the stakeholders on what goal should be achieved.
Realistic:It shows that how target or goals are linked to the resource such as time, materials and manpower etc. Time based:It shows that whether time is enough or not to achieve the set targets. Summary of marketing environment-Now a days, food delivery service has become trend in the market. As it has huge scope in the market and will provide great employment to the common people. People can order food from their choice of the restaurants and food parlour. Projected outcomes of return on investment-Company has raised budget of $500000 Australian dollar, on which projected return on investment(ROI) is estimated as the minimum 27 percent of the initial investment made. Situational analysis: It will include internal or external environment factors for the analysis of the idea and business opportunity. The SWOT will be performed in order to know the strength, weakness, threat and weakness of the Foodora. Strength-Company is engage in the food delivery services which is very unique and becometrendsforthebetterbusinessopportunityandhelpfulinthegenerationofan employment. Weakness- The main weakness is that company would need funds from the investors, as revenue sources are less. Opportunities-Acquiring the customers within 20 Kms from the city would create opportunities for the company to gain and attract more number of the customer or food lovers. Threat-Lack of funds and investors is the main threat for the Foodora. Local infrastructure policies and condition is big threat for the company. E-Marketing schedule - e- Marketing Activities Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Wee k 9 We ek 10
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Blogs XX Curateand share content X Get customer reviewXXX Become activeon thesocial media X Internet competitionXX e-MARKETING STRATEGIES & ACTION PLAN Product strategies:Product and services of the Foodora is unique and perfect business idea. Company has committed for providing food delivery which is their focal productto the people who are living within the 20 Kms away from the major cities of the Australia such as Adelaide, Melbourne, Brisbane, Perth, Hobart, Sydney and Canberra etc. The major strategies is to provide best product or services with the accurate packaging and to the customers on the suitable prices. Price strategies:Foodora has decided to set the nominal pricing strategy to cover their cost of investment and bearing the restaurant partnership pricing. Company will provide the food delivery to the outside cities location till 20 Kms on the delivery fees to lower down the price of the food.
Promotion strategies:Print media using the newspaper, magazine etc., pamphlets and internet is considered as the most suitable strategies for the promotion development of the Foodora.Foodora will give discounts & offers and coupons to the customer on their initial ordering of the food. Place strategies:It involves the distribution channels through which food and services will be delivered to the customers or food lovers. Foodora has decided to build a common centre outside the city through which order will be distributed to different delivery executives for delivery in the different location. Budget &Costing for the e-Marketing plan In context with the Foodora, company needs to prepare and formulate the budget and costs for the purpose of knowledge regarding the investing funds in the different variables such as conversion, acquisition and awareness costs. The prime purpose behind the formulation of this budgetary is to know the return on investment after the spending of the funds on the operation activities of the Foodora. ParticularAmount (In$) Initial investment$60000 Classification of costs (A)Conversion Costs Research firm fees$4,600.00 Web research$1,100.00 Independent research$900.00 Other research$500.00 Total costs$7,100.00 (B)Awareness Costs Promotional brochures$750.00
Television$20,000.00 Radio$4,550.00 Web design/display$350.00 Total costs$25,650.00 (C)Acquisition costs Hiring manpower$2500 Training & Development$4000 Selecting delivery executive from vendors$3500 Total costs$10000 (D) Sum of all total costs(A+B+C)$42750 (E) Estimated Sales achieved$80000 Net profit (E-D)$37250 ROI ( Net profit/investment *100)62.08% E-Marketing strategies & technical issues In context with the Foodora, there are various strategies or issues which needs to be discussed regarding the matter of e-marketing of the business idea of the Foodora. In the area of online food delivery service, there are various aspects/points which are as follow: Website content & search ability:Foodora service should create or add relevant content and information regarding food item on their websites, Apps or any portal etc. Information and content should be legally checked and written according to the prescribed laws or regulation. Customer registration:This is the major issue which every food delivery company faced in the login of the customers. It depends on the technology usage of the company or this happens Coupon codes, offers & rewards:This is the one of the most important aspects which needs to be discussed. It was observed that coupons, offers and discount generally attracts the
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customers to order foods from the restaurant outlets. Foodora needs to give the offers, coupons and discounts on the monthly basis to maintain the base of the order from customers. Order forms and feedback:Foodora needs to make ensure that order and feedback should be in the proper manner. Order's of the food directly shifted to the restaurants outlets and company informs regarding the pickup of the cooked to the delivery executives to deliver at the customer places.Foodora needs to maintain the order and feedback from the customers via websites/Apps or portals etc. e-Marketing monitoring strategy & evaluation tools In context with Foodora, there are various monitoring strategies which is required to evaluate and monitor the e-Marketing strategies adopted for the purpose of formulation of the digital marketing plans. It is considered as the complete process which is described as follow: Evaluate your digital marketing goals-In this strategies, there is a need of specific examination of the set goals or targets. Digital marketing goals include: size of the social fan base, positive reviews received, preferring your brand name over the social media. Re-examine your customer profile- It is to make sure that good digital marketing is the foundation of the series of the well-constructed customer profiles. For Foodora, company needs to set some idea of their target market such as demographics, interests and web activities etc. Take a look at digital presence- It involves the re-examine of the target markets for the products or services. For example, if you launch any digital marketing campaign, you need to look at the re-examining of the targets market strategies of the company.
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