Designing a Social Media Marketing Plan for Coventry University
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This project aims to design a social media marketing plan for Coventry University in London to attract more international students. The plan will utilize LinkedIn as the chosen platform.
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Running head: SOCIAL MEDIA MARKETING PLAN Social Media Marketing Plan Name of the student: Name of the university: Author note:
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1SOCIAL MEDIA MARKETING PLAN Executive summary The main purpose of this project is to design a social media marketing plan for the Coventry University in London. LinkedIn is being chosen as the social media platform to serve the purpose. It is being found in this study that Coventry despite receiving rewards and accolades for its excellence in providing world-class learning environment has limited and ineffective presence over digital marketing environment. This marketing plan is a consequence of the concern being felt by the management at Coventry regarding their efficiency in attracting international students. Hence, a social media marketing plan is being designed to help the client to reach more prospective international students.
2SOCIAL MEDIA MARKETING PLAN Table of Contents Introduction......................................................................................................................................4 Part A: Analysis...............................................................................................................................4 Situation analysis:........................................................................................................................4 Goal performance:...................................................................................................................6 Customer insight:.....................................................................................................................7 E marketplace SWOT:.............................................................................................................7 Brand perception:.....................................................................................................................8 Internal capabilities and resources:..........................................................................................8 Part B: TWO SMART long term social media marketing objectives.............................................9 Five Ss objectives:.......................................................................................................................9 Part C: Recommend a justified digital marketing strategy............................................................10 Strategy:.....................................................................................................................................10 STP:.......................................................................................................................................10 Online value proposition (OVP):...........................................................................................10 Sequence:...............................................................................................................................11 Integration (consistent OVP) and database:..........................................................................11 Tools:.....................................................................................................................................12 Tactics:.......................................................................................................................................12 E-marketing mix:...................................................................................................................12
3SOCIAL MEDIA MARKETING PLAN Details of content strategy:....................................................................................................12 E-campaign initiative schedule:.............................................................................................13 Actions:......................................................................................................................................14 Responsibilities and structures:.............................................................................................14 Internal resources and skills:.................................................................................................14 External agencies:..................................................................................................................14 Control:......................................................................................................................................14 Customer satisfaction surveys:..............................................................................................15 Site visitor profiling:..............................................................................................................15 Frequency of reporting:.........................................................................................................15 Process of reporting and actions:...........................................................................................15 Conclusion.....................................................................................................................................15 References......................................................................................................................................17
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4SOCIAL MEDIA MARKETING PLAN Introduction Digital marketing if planned well and done on the most feasible and productive platforms can impact on the clients’ capability to attract the most prospective clients. There are various platforms that can be used to conduct digital marketing. These include but not limited to such as E-mails, and social media sites like Facebook, Instagram, YouTube, Twitter and LinkedIn etc. However, to be effective with these or more other digital marketing platforms it is important to understand the platform. An understanding will be required in regards to the contents to be used, the profiling of the client, the purpose it serves and the value creation (Ryan 2016). This project is also related with digital marketing to be performed through LinkedIn to enhance the international social presence of the Coventry University London and to help it attract more international students. Therefore, the main purpose of this project is to design a marketing plan for LinkedIn to help the Coventry University London utilise it to appropriately reach to more international students. Part A: Analysis Situation analysis: Company analysis: Mission: “Coventry will be the premier university in the United Kingdom in terms of enabling education that has global connection for the future jobs, and research that causes difference to the communities” (Coventry.ac.uk 2019) Culture: The culture is about creating innovative learning environment both in the location and online, progressing a competitive and sustainable enterprise and building employee capability, capacity and productivity (Coventry.ac.uk 2019).
5SOCIAL MEDIA MARKETING PLAN Goals: The goal is to strengthen the communities, enhance the enterprise and enable the partners (Coventry.ac.uk 2019). Objectives: With the help of world-class facilities and research, forward-thinking staff, the technological infrastructure and the exclusive partners the university is constantly making changes to its systems and striving for innovative ways to improve the student experience (Coventry.ac.uk 2019). Target market: Under demographic segmentation, millennials willing to pursue the graduates and post- graduates degrees are the target market segment. Under behavioural segmentation, aspirants those who prefer to be graduated and post-graduated at different field of expertise are a part of this university. Some of these include like College of Arts and Rugby College of Engineering Technology (Aghdaie and Alimardani 2015). Key collaborations: TheCoventryUniversityhascollaborationswithAssociationsofCommonwealth Universities, Universities UK and University Alliance (Coventry.ac.uk 2019). Competitive analysis: Northumbria University is the biggest rival university of Coventry. This University was founded and established in 1880 in England at Newcastle-upon-Tyne. This University is in the Universities field. It generates more revenues than Coventry by $272.6M (Coventry.ac.uk 2019). Advance Education Gateway (AEG) is Coventry’s other competitor university. This university was established and founded in 2012. It is headquartered in London, England. It
6SOCIAL MEDIA MARKETING PLAN operates in the Colleges industry. The number of employees in the university is slightly less than it is in Coventry. The number of employees is 79. The revenue generated by this University is $10.1M (Coventry.ac.uk 2019). Goal performance: Sell:The Board reports a surplus of £16.6m for the year 2018 (Coventry.ac.uk 2019). This is mainly due to a combination of targeted investment in activities such as new activities and targeted growth in areas like tuition fee income. These results will help to deliver the corporate plans in the future. This increased surplus is a result of an increase in in revenues from tuition fees. The main resource of income include tuition fees, education contracts, funding body grants, investment income, research contracts and grants, donations and endowments (Coventry.ac.uk 2019). Speak:They are getting closer to the international students with their innovation to provide them world-class facilities in study and related thing. For an example, state-of-the-art campus was built at a cost of £33m to bring innovation to its education model and provide both staffs and students with a cutting-edge environment for learning (Coventry.ac.uk 2019). The work has begun on the future hi0tec facilities. Library is under upgrades. IT infrastructure is undergoing modernisation. Approximately about £4m is being invested in improving the network and making it fit for the years to come (Coventry.ac.uk 2019). Serve:They serve in various ways like developing digital skills, accomplishing industry collaborations at the international level, spin-out success, graduation day, sharing scientific expertise, entrepreneurial focus and a global stage for innovation (Coventry.ac.uk 2019).
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7SOCIAL MEDIA MARKETING PLAN Save:Currently, Coventry does not have any robust digital marketing strategy in place. Notably, traditional advertising cost is higher than print advertising (Frandsen, Thow and Ferguson 2016). Cost can significantly be reduced with the digital marketing. Sizzle:The Coventry University London currently has no active online marketing strategies. The popularity of the university can be increased with effective usage of social media platform to reach to more international students. Customer insight: Coventry University London get the insights of its customers and attract them for becoming a part of this university in numerous ways. This includes but not limited to collecting data of aspirants visiting to its official website and enquiring about the courses and many other related thing, and from its strategic alliances with other universities (Finne and Grönroos 2017). E marketplace SWOT: The Coventry University London wants to reach to more prospective international students by means of digital marketing through LinkedIn as the chosen social media platform. LinkedIn can create both opportunities and challenges for the university. These are as listed under (Kladou and Mavragani 2015); Strengths: Provides a strong network of professionals belonging to different professional streams Creates strong traffic with “influencer blog” written around the world by professional leaders LinkedIn attained financial stability after being acquired by Microsoft
8SOCIAL MEDIA MARKETING PLAN Strategic acquisitions have helped LinkedIn to enhance its business It has a diversified range of revenue streams Weaknesses: Facebook’s popularity Lawsuit on the violation of data privacy Opportunities: Growing presence in mobile phones Social recruiting Increasing user engagement Threats: Intense competition from online recruitment site like monster.com and Facebook Internet privacy issues Brand perception: It holds a good reputation among the international students. This is evidenced in some of its great achievements. The Times and Sunday Times both rewarded Coventry as the University of the Year 2019 for Student Experience (Coventry.ac.uk 2019). In the year 2017, the university secured 1strank in terms of overseas student experience (Coventry.ac.uk 2019). In the similar year, it stood at the second position in terms of Teaching Excellence (TEF) in the United Kingdom. Coventry ranks 13thin the list of top UK universities (Coventry.ac.uk 2019). Internal capabilities and resources:
9SOCIAL MEDIA MARKETING PLAN Human resources are the main asset to this university. These are faculties taking care of different subjects, and of course the students both domestic and international. Some of the faculty members are also the part of the research team. In doing so they are enhancing their knowledge of a subject and also benefitting their followers. The management team at Coventry invests much on improving the infrastructure to provide an enhanced learning experience to the students and growing opportunities to the faculties (Coventry.ac.uk 2019). Part B: TWO SMART long term social media marketing objectives Five Ss objectives: Sell:Providing in-demand courses only. Keeping the fess as low possible to create higher attractiveness than other universities. Advertising the infrastructure in an effective manner, highlighting alumni and great achievements, and promoting the growing opportunities for both the faculties and international students. Serve:The service will get better with improved research and development works on different subjects. This will help to attract quality, skilled and experienced faculties. Hence, more prospects for the students. Collaborating with across the nation industry to be able to design courses as per their requirement of professionals for various job domains. Sizzle:This will be achieved by providing new offers, new propositions and new experiences online. At the same time, it is required to appear familiar. Speak:Creating a two-way dialogue by means of web interactions such as surveys, informally monitoring chat rooms and conducting formal surveys to facilitate online market research.
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10SOCIAL MEDIA MARKETING PLAN Save:Savings happen through online e-mail communications, transactions to reduce staff, postage and prints costs and web self-service. Part C: Recommend a justified digital marketing strategy Strategy: STP: Segmentation Underdemographicsegmentation, international students such as millennials are the target market. Undergeographicsegmentation, countries such as China, Hong Kong, India, US and Malaysia are the target market. Students from these five countries make up to 38% of the total enrollment of the international students in UK universities (Study in UK 2019). China will be the top targeted destination (Study in UK 2019). Underbehavioural, international students willing to enroll for graduates and post-graduates courses are the target market. Coventry will bepositionedas the university providing innovative courses under technically advanced infrastructure and at affordable fees structure. Online value proposition (OVP): OVP will be created as under (Chaffey and Smith 2017); Disclosing the unique benefits of the service such as competitive fees structure Creating an online message such as “come and enroll for the Coventry University as this will provide you the most promising and effective opportunity to learn” OVP should be aimed to the targeted audience like international students
11SOCIAL MEDIA MARKETING PLAN Benchmarking OVPs with that of the competitors such as Northumbria University The online value proposition should be intended at increasing engagement with the international students through influential blogs, posts and even chats Using LinkedIn to be able to reach to and to connect with aspiring international students Gathering information from LinkedIn such as queries for a field of expertise, and utilising this to modify and improve the offerings Sequence: Credibility can be created by providing information of value such as for international students it is the course details, fees structure, visa availing process, food, and lodging etc. This can also be developed delivering the committed services. LinkedIn can help to enhance the visibility of the university to its target market. It just requires updating the university’s profile, participating in and contributing to the groups. Due to the increasing presence of LinkedIn on mobile phones it will be lot easier to reach millennials. (Opreana and Vinerean 2015) Integration (consistent OVP) and database: Integration and database are as under (Schwarzl and Grabowska 2015); Customer databases Supplier databases Competitors databases Agents and brokers databases Intermediary databases
12SOCIAL MEDIA MARKETING PLAN Tools: Some of the most popular Web functionality tools include Ranorex Studio, test IO, Coded UI Test, Selenium, Sahi and TimeShiftX. These tools will be used to testing the functions. Databases of students, suppliers, intermediary, competitors and all could be closely analysed to understand and meet their diverse demands. This will help delivering excellent service to the students with a high success rate. E-mail can be helpful in involving in a two-way dialogue with the international students. (Schwarzl and Grabowska 2015) Tactics: E-marketing mix: Product:Graduate and post-graduate courses on various subjects. Price:The fees structure will be competitively priced for being able to create the uniqueness in offering. Place:International students will be targeted with this marketing plan, so that, enrollment of international students is increased. Promotion:LinkedIn will be used to create traffic, and engage users with influential blogs and entertaining posts. Details of content strategy: The content strategy will be as under (Baltes 2015); Announcements of new courses
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13SOCIAL MEDIA MARKETING PLAN Announcements of new features Sharing quotes and insights in the form of posts Photos of new events for visual content E-campaign initiative schedule: Campaign GoalCall-To-Action (CTA)Campaign Time Frame The purpose of this campaign is to increase the international presenceoftheCoventry UniversityLondonthrough LinkedIn. The target audience are the Internationalstudents.They will be encouraged to be a partoftheuniversityby enrollingforgraduatesand post-graduates courses. Start Date: End Date: Pre-Campaign Promotions: Peak Dates: Follow-Up Posts: SocialMediaChannel (LinkedIn) Campaign AssetsCampaign Metrics PrimaryLanding Page: Web Form: Blog Posts: User-Generated Content: Promotional Outreach Emails Collected WebsiteVisits/Click- Through User-Generated Contacts Bloggers SocialMedia Influencers
14SOCIAL MEDIA MARKETING PLAN Content Submissions Social Engagement Social Media Interacts Table1: E-campaign initiative schedule (Source: As created by the author) The above table gives a probable picture of the initiatives to be taken through the LinkedIn E-campaign. Actions: Responsibilities and structures: Few people will be especially dedicated to monitor and observe the university’s LinkedIn profile to be able to create a platform of interaction with the students (Bilgihan and Bujisic 2015). Internal resources and skills: The marketing team in the university must engage in continuous learning to be able to attain skills such as lead generation, inbound marketing, advertising, content strategy, SEO and analytics (Bilgihan and Bujisic 2015). External agencies: This will include social media management software, agencies dedicated to social media marketing and freelancers (Bilgihan and Bujisic 2015). Control: 5 Ss: Sell: Increased enrollment by 20%
15SOCIAL MEDIA MARKETING PLAN Serve: Increasing number of students actively using the university’s LinkedIn profile such as to 30% Sizzle: Increased brad awareness, admission intent and brand favourability Speak: Growing e-mail coverage by 50% of the current students database Save: Reducing marketing cost by 15% and generating more admissions by 10% Customer satisfaction surveys: By updating the status Creating feedback forms and surveys Monitoring comments Using social analytics Site visitor profiling: By using web analytics site visitor profiling can be done. Frequency of reporting: This should be limited to once in a month. Process of reporting and actions: By identifying the amount spent By knowing the total reach By gathering new leads By calculating cost per lead Conclusion
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16SOCIAL MEDIA MARKETING PLAN To conclude, it can be said that the recommended LinkedIn platform for a new social media marketing campaign should help the Coventry University in reaching to its target audience. It is more due to the increasing presence of LinkedIn in smartphones and people trust on this social media platform. LinkedIn is used by professionals and students across the globe. If Coventry acts upon this designed marketing plan they should be able to attain their goals of the campaign provided there is a fit between the resources being used.
17SOCIAL MEDIA MARKETING PLAN References Aghdaie, M.H. and Alimardani, M., 2015. Target market selection based on market segment evaluation: a multiple attribute decision making approach.International Journal of Operational Research,24(3), pp.262-278. Baltes, L.P., 2015. Content marketing-the fundamental tool of digital marketing.Bulletin of the Transilvania University of Brasov. Economic Sciences. Series V,8(2), p.111. Bilgihan, A. and Bujisic, M., 2015. The effect of website features in online relationship marketing:Acaseofonlinehotelbooking.ElectronicCommerceResearchand Applications,14(4), pp.222-232. Chaffey, D. and Smith, P.R., 2017.Digital marketing excellence: planning, optimizing and integrating online marketing. Taylor & Francis. Coventry.ac.uk2019.[online]Coventry.ac.uk.Availableat: https://www.coventry.ac.uk/globalassets/media/documents/finance/coventry-university-group- annual-report-2017-2018.pdf [Accessed 16 Apr. 2019]. Finne,Å.andGrönroos,C.,2017.Communication-in-use:customer-integratedmarketing communication.European Journal of Marketing,51(3), pp.445-463. Frandsen, M., Thow, M. and Ferguson, S.G., 2016. The effectiveness of social media (Facebook) compared with more traditional advertising methods for recruiting eligible participants to health research studies: a randomized, controlled clinical trial.JMIR research protocols,5(3), p.e161.
18SOCIAL MEDIA MARKETING PLAN Kladou, S. and Mavragani, E., 2015. Assessing destination image: An online marketing approach and the case of TripAdvisor.Journal of Destination Marketing & Management,4(3), pp.187- 193. Opreana, A. and Vinerean, S., 2015. A new development in online marketing: Introducing digital inbound marketing.Expert Journal of Marketing,3(1). Ryan, D., 2016.Understanding digital marketing: marketing strategies for engaging the digital generation. Kogan Page Publishers. Schwarzl, S. and Grabowska, M., 2015. Online marketing strategies: the future is here.Journal of International Studies,8(2), pp.187-196. Study in UK 2019.International Student Statistics in UK 2019 - Study in UK. [online] Study in UK.Availableat:https://www.studying-in-uk.org/international-student-statistics-in-uk/ [Accessed 16 Apr. 2019].