Social Media Marketing Plan for Rowlinson Knitwear
Verified
Added on 2023/01/11
|12
|2807
|56
AI Summary
This report discusses the development of a social media marketing plan for Rowlinson Knitwear, a school and corporate wear manufacturing company. It explores the marketing audit, objectives, target market insights, social media zones and vehicles, experience strategy, activation plan, and management and measures.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Entrepreneurial Marketing
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Executive Summary In order to increase the market presence of company it is important that the company use an efficient marketing channel that can help it in reaching its target audience in an effective manner. social media is being increasingly used by companies for marketing the company products and services so that the reach to target customer can be increased. In this report the way in which Rowlinson Knitwear can increase its market reach by the way of implementing social media marketing plan will be discussed by formulating an effective plan which can be applied in company.
Table of Contents Executive Summary.........................................................................................................................2 Table of Contents.............................................................................................................................3 Introduction......................................................................................................................................4 Main Body.......................................................................................................................................4 Marketing audit......................................................................................................................4 Objectives...............................................................................................................................5 Gather insight of target market...............................................................................................6 Social media zones and vehicles............................................................................................6 Experience strategy with selected zone..................................................................................7 Activation plan.......................................................................................................................8 Management and measures...................................................................................................10 Conclusion.....................................................................................................................................11 References......................................................................................................................................12
Introduction As technology is becoming more advanced the use of social media networks as marketing tools by companies have also increased so as to reach to their target market which can help in brand exposure along with broadening their reach to customers. Social media has become an effective tool for marketing company products as it help in finding the potential customers based on their interests so that the marketing policies can be focused on target audience(Choi and Yuan, 2016). In this report Rowlinson Knitwear Ltd. which is a school and corporate wear manufacturing company headquartered in Stockport, UK is taken. Development of a social media marketing plan will be done for this company so that it can reach to a large number of customers and increase its brand image so that more sales can be generated and profits can be increased. Marketing audit will also be conducted so that the current situation of company can be evaluated based on which marketing plan can be formed. Main Body Marketing audit Marketing audit refers to comprehensive and systematic analysis of the internal and external business environment of a business so that an effectivemarketing plan can be formulated by company which can help it in achieving its objectives and reaching target customers. Rowlinson Knitwear Ltd is a medium sized manufacturing company which deals in school wear and corporate wear uniforms and is located in UK. The company make use of high quality clothing material which is both durable and affordable so that the clients can be provided with dresses as per their specifications(Denizci Guillet, Kucukusta and Liu, 2016). The company intend to increase its market reach through social media marketing plan. Following are the ways in which marketing audit for Rowlinson can be done: PEST analysis: This strategic management tool can help in analysing the external business environment of the company: Political:UKispoliticallystablenationwiththegovernmentencouragingthe manufacturing businesses so that they can expand in market through subsidies, tax relaxations etc. This can help Rowlinson to efficiently expand in market by creating a social media marketing plan and increase its marketing activities in market.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Economical: As the UK economy is progressing, the number of businesses and schools are also increasing with increasing need for uniforms both for schools and corporate offices. This is an opportunity for Rowlinson to increase its presence in market by the way of social media marketing so that a large base of customers can be created (Hollensen, 2019)(Hyder, 2016). Social: The purchasing power of people in UK is high along with high standards of living which make it beneficial for Rowlinson to sell its products at profitable prices in market which can help in covering its marketing costs. Technological: UK is a technologically advanced nation which can help Rowlinson is using social media effectively and reaching to a large number of its target customers. Also high tech technology can be available at low rates making the marketing effective in achieving its objectives. SWOT analysis: This isa tool which can be used to analyse the internalbusiness environment of a business which help in identifying its strengths which can be maximised to acquire market opportunities while weaknesses can be minimised so that threats can be dealt with effectively. StrengthsUseofhighquality,affordableand durable clothing material.Makingproductsasperclient specifications. Weaknesses Less market presence which limits its reach to target market. Thecoststructureofcompanyis inefficiently formed. OpportunitiesUse of social media marketing so that the customer base can be increased.Use of organic clothing material so that more customers can be attracted that can help in business expansion(Jiang and Kulemek, 2016). Threats Increased competition in market which can affect the business. Increased marketing cost that can lead toincreaseinpricesofcompany products. Objectives In order to achieve the targets of a company in an efficient and effective manner and to encourage the team members it is important that clear objectives are formed which help in
determining the actions that can be taken to achieve those objectives within time. SMART objectives that are formed by Rowlinson so that the objectives of social marketing can be efficiently achieved are: To increase the customer base of company by 20% by the use of social media marketing till the end of 3 months. To increase the sales of company by 25% by the end of 3 months. To increase the market presence of company by 15% so that the brand image of Rowlinson Knitwear Ltd can increase with the use of social media marketing. Gather insight of target market In order to make the marketing strategy of company successful it is important that the target market is found by the company so that effective policies can be formed to influence the customers to make the purchase of company products and services. STP model can be used by Rowlinson Knitwear to achieve the objectives of social media marketing: Segmentation: It relates to dividing the complete market into small segments based on certain characteristics like demographics, benefits, physiographic etc. so that the needs of eachsegmentcanbeidentified.Rowlinsoncansegmentthemarketbasedon psychographics so that the segment which will buy school wear and corporate wear can be identified(Kaur, 2016). Targeting: In this stage the market segments are evaluated so that the target segment can be found to which company can offer its products and services so that profits can be earned. Positioning: In this stage the product and services of company are positioned in market so that the sales can be increased. This includes formulating the marketing mix so that positioning can be done to attract customers. Rowlinson can use social media to position its product and attract customers to make their purchases. Social media zones and vehicles There are four types of zones of social media marketing that can be used by the companies to market their products and reach their target customers: Social community: These social media channels are used to socially connect with people and groups and the channels of this zone are Twitter, Facebook and LinkedIn.
Social commerce: This channel is basically focused on selling and buying of products with individuals and groups. Channels of this zone include TripAdvisor, Yelp etc. Social publishing: This zone is used so as to spread about certain information or content regarding certain content to specific target audience. The channels for this are Tumblr, Flickr, YouTube(Kumar, Choi and Green, 2017). Social entertainment: This zone is related with connecting to individuals and group of people for entertainment, enjoyment etc. Channels in this zone are Instagram, Myspace, Come2play etc. Companies need to select their zones so that they can choose the appropriate channels that can help them in connecting with their target audience. Rowlinson Knitwear can use Facebook, LinkedIn and channels of social commerce so that it can reach to its target clients and contact with many companies who are interested in school wear and corporate wear uniforms so that the sales of company can be increased. Facebook can help Rowlinson in contacting companies through their pages on Facebook so that company presence can be established. Through LinkedIn the company can create its profile which will further improve its contacts with companies and also help it in attracting employees with required skills. Social commerce channels can help in directly dealing with clients and selling and purchasing online. Experience strategy with selected zone It is important that a customer experience strategy is formulated by the company so that the effectivenessof marketingplan appliedby companycanbe evaluatedthrough customer experience and the ability of company in reaching to its target. The social media zone which is selected by Rowlinson Knitwear is social community in which the channel chosen by the company in Facebook so that its target customers can be reached. Following are the ways in which the company can increase the customer experience: Directing the company marketing by tracking its target customers: It means that the target customers are tracked on the social media through their activities so that the target customers can be found which can help in focusing the marketing of company on them (Martin, 2017). Improving customer relationships: The relations with customers should be built strongly by responding to the demands of customers promptly, updating the site of company
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
regularly so that the interest of customers can be maintained, updating about the prices and material of cloths available with company etc. Capturing customer feedback in real time: It is important that the company quickly responds to the customer feedback so that their experience can be enhanced and improvement in products can be made which help in maximising customer satisfaction. Staying connected with its customers: The company should stay connected with its customers by updating them with new offers, policies etc. so that more customers can be added and a loyal base of customers can be created(Perreault, 2018). Activation plan In order to effectively use social media marketing tool the activities which need to be done by company are setting social media marketing objectives, research target audience, establishing importantmetrics,analysingcompetition,creatingengagingcontent,assessingresultand optimisation,communication of goals to teams. All these activitiesneed to be done by Rowlinson so that it can effectively use social media as an effective marketing tool. Setting clear objectives is important so that the objectives of using social media can be determined, reaching target audience can help in determining their needs and wants, by establishing important metrics the activity of audience can be measured by the number of times they interact with company through clicks on its site(Melchiorre and Johnson, 2017). Analysis of competition i important so that effective marketing poicues can be formed and innovative and engaging content should be used so that customers on social media can be attracted towards company. Assessment of results so that improvements can be made should also be done along with communication of the overall goals among team members so that plan can be executed in an effective manner. Following are the time-lines that can be used by the company to complete each activity within time:
Thus, by completing all the above activities within the time which is set it can successfully achieve its objectives of using social media as a marketing tool so that the sales of company can increase and it can become competitive in market. Management and measures In order to effectively apply the marketing strategy of company the management of processes are important by applying various principles so that marketing can be effectively managed and maximum benefit can be achieved by the company(Ristevska-Jovanovska, 2016). The mangers of company need to efficiently monitor all the activities so that social media can be effectively used by company in achieving its objectives. It is also important that appropriate amount of budget is allocated for social media marketing so that all the activities can be effectively completed. A budget of £30,000 is prepared below: ParticularsAmount Market research£10,000 Human resources£5,000 Training and development£6,000 Miscellaneous£9,000 Total£30,000 Controlling: It is important that the application of marketing strategy is effectively controlled by the company through KPIs so that the effectiveness of social media marketing plan in achieving the objectives of company can be efficiently measured and evaluated. Various KPIs can be selected by company like customer satisfaction, improvement in market presence etc. so that the ability of marketing plan in achieving company’s objectives can be determined(Tatar
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
and Eren-Erdoğmuş, 2016). These KPIs will help in determining the performance of company in market after the application of social media marketing plan. Conclusion From this report it can be concluded that in order to make the marketing plan of a company successful it is important that the external and internal business environment of company are analysed based on which an effective marketing plan can be formed. It is also essential that objectives are clearly determined and the method is appropriately chosen by company so that the benefits of plan can be maximised.
References Books and Journals Choi, E.K., Fowler, D., Goh, B. and Yuan, J., 2016. Social media marketing: applying the uses and gratifications theory in the hotel industry.Journal of Hospitality Marketing & Management,25(7), pp.771-796. Denizci Guillet, B., Kucukusta, D. and Liu, L., 2016. An examination of social media marketing in China: how do the top 133 hotel brands perform on the top four Chinese social media sites?.Journal of Travel & Tourism Marketing,33(6), pp.783-805. Hollensen, S., 2019.Marketing management: A relationship approach. Pearson Education. Hyder, S., 2016.The zen of social media marketing: An easier way to build credibility, generate buzz, and increase revenue. BenBella Books, Inc.. Jiang, H., Luo, Y. and Kulemeka, O., 2016. Social media engagement as an evaluation barometer: Insights from communication executives.Public relations review,42(4), pp.679-691. Kaur,S.,2016.Socialmediamarketing.AsianJournalofMultidimensionalResearch (AJMR),5(4), pp.6-12. Kumar, V., Choi, J.B. and Greene, M., 2017. Synergistic effects of social media and traditional marketing on brand sales: capturing the time-varying effects.Journal of the Academy of Marketing Science,45(2), pp.268-288. Martin,G.,2017.Theessentialsocialmediamarketinghandbook:anewroadmapfor maximizing your brand, influence, and credibility. Red Wheel/Weiser. Melchiorre, M.M. and Johnson, S.A., 2017. Finding new ways to reach older students: Creating a socialmediamarketingplanforprofessionalandcontinuinghighereducation programs.The Journal of Continuing Higher Education,65(2), pp.73-81. Perreault, W.D., 2018.Essentials of marketing. New York: Mc Graw Hill. Ristevska-Jovanovska,S.,2016.BUILDINGTHEMOSTAPPROPRIATESPORT MARKETING STRATEGY THROUGH SOCIAL MEDIA.Research in Physical Education, Sport & Health,5(2). Tatar, Ş.B. and Eren-Erdoğmuş, İ., 2016. The effect of social media marketing on brand trust and brand loyalty for hotels.Information Technology & Tourism,16(3), pp.249-263.