Digital Marketing Strategy for Unilever's Beauty Products
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This report discusses Unilever's beauty products and their digital marketing strategy to reach their target customers. It includes a product description, competitor analysis, target customer analysis, marketing strategy objectives, value proposition, marketing tactics, and metrics to evaluate their marketing strategy.
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ABS306 ADVANCED DIGITAL MARKETING
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TABLE OF CONTENT INTRODUCTION..........................................................................................................................3 MAIN BODY...................................................................................................................................3 1. Product description..................................................................................................................3 2. Competitor Analysis...............................................................................................................4 3. Target Customers Analysis......................................................................................................5 4. Marketing Strategy Objectives...............................................................................................6 5. Value proposition of the product.............................................................................................6 6. Marketing tactics and some digital channels to achieve marketing strategies objective.........7 7. Metrics to evaluate marketing strategy and some Key performance indicators......................8 CONCLUSION................................................................................................................................9 REFERENCES..............................................................................................................................10
INTRODUCTION Digital marketing is a marketing strategy that takes place by digital means that is usually by internet connected devices. Digital marketing is use by every business for promotive their products and reach easily to the customers (Desai., 2019). Unilever Plc is British multinational company located in London, UK. Company deal in consumer good and offer many products. This report will highlight the beauty products of the company and some digital marketing strategy. This report includes marketing strategy, and also includes a brief about the products. This report will have some benefits, features, characteristics etc. of the products and the competitive advantage of the products. Moreover, this report includes a key competitor of the product and then analyses how they market their products. This report will also include some different pricing strategies and then differentiate themselves from competitors. This report also highlight the target market for the products and some methods to engage and reach to the customers. And also discuss digital channels are used by the target market. Furthermore, this report will elaborate some value proposition, market tactic and some key performance indicators. MAIN BODY 1. Product description The beauty and the personal care segment of the company primarily consists of the sales of some of the well known products such as the conditioner, skin cleansing, soap. Hair care, shampoo and much more other products related to styling. It also includes the products related to the skin care like the hand, face, deodorants and the body moisturisers. Characteristics and features of the product ο·Most of the people use the fragranced products and in order to develop them the company requires and use only the high quality of the ingredients that also fulfil the global standards that are set by the International Fragrance Research Association (IFRA). ο·The preservatives that are used in the products of the company keep the things fresh and new. The company also uses the preservatives in order to protect the products from the
bacteria, moulds and the yeasts. If the company do not uses the preservatives then the products will begin to smell unpleasant and change its colour or grow into the mould. ο·The Silicon is also used by the Unilever company as it gives the silky effect to the hair conditioners and also provides the smooth feel of the roll on deodorants that are made only because of the silicones. ο·The plastic scrub heads were not used by the company from the year 2014 because of the relevance to the concerns about the creation of the micro plastics in the lakes, oceans along with other water bodies (NEZAMOVA and OLENTSOVA, 2021). ο·The parabens which is the family of the ingredients used in the form of preservatives in the products related to personal care. Paraben is also known as the numerous other different paraben forms from which some can be acquired from the nature. ο·The aluminium salts have been used in the products of the company since half a century because the active ingredient that are present in the antiperspirants helps in controlling the sweat and the related body adour (Purwanti, 2021). 2. Competitor Analysis The landscape of the industry of the consumer goods faces a cut throat competition. Most of the big competitors competes for the market shares across the globe. Some of the names of these players are the Proctor and Gamble, Johnson & Johnson, Nestle, Colgate Palmolive, L'OREAL, Mondelez International and the Edgewell personal care. These all companies are in a tough competition with the Unilever. Similarly, there are also some other companies that faces the cut throat competition with the Unilever company that are the Tyson foods, JBS, Danone, Kmberly Clark, Kellog, Henkel, Brasil foods along with the Estee Lauder. These companies must be taken in consideration by the Unilever at the time of making the competitive strategies of the company (Man and Yang, 2022). The generic strategy of the Unilever creates the competitive benefit by the satisfaction of the requirements along with the preferences of the consumers. The generic strategies used by the Porter's model of the company are used in making sure that the organisational competitive analysis is important for the resilience and the growth of the business organisation. When it comes to the company of Unilever, the competitive benefit of the is totally made on the basis of the approaches related to the development of the product which also integrate the research for acknowledging the requirements of the market. Moreover, the Unilever company also maintains
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the growth with the help of the appropriate combination of the intensive strategies. The company also changes its priority related to its intensive strategies related to the growth on the basis of the condition of the goods market of the consumer. The complete combination of this kind of the competitive strategy along with the intensive growth strategies it helps in making the continuous success of the company in the operational activities across the globe. With the help of using the generic strategy the company acknowledges the market requirements directly and also maintains the competitive benefit in the consumer goods industry at the global level. This kind of the competitive benefit also let the company to implement the intensive growth strategies which also matches the requirements of the business along with encouraging the growth (Kerdpitak, 2022). 3. Target Customers Analysis TheUnilevercompanyhavedefinedsomeoftheprinciplesthathelpinthe communication strategy with the consumers such as the company is committed in the creation of the trust with the help of the responsible practices and also with the help of the transparent communication. This is done directly both to the consumers as well as indirectly with the other key leaders and the stakeholders. The company is responsible for making sure that the products are kept in a safe way and that or can offer with the clear information and kind of the risks related with their application. The company also encourages the rights of the consumers to let them know about what is in their products along with being transparent in terms of the health and beauty products, nutrition values and the ingredients of the products of the Unilever company. Along with that the company also implement some of the channels in the marketing strategy to reach the target customer such as the product labels, careline phone numbers, websites and the consumer leaflets in order to communicate with the target customers in an open way. The products of the Unilever mainly targets the single customer in the market starting from the small children to the elderly people and in almost each household, one of the five beauty products are of the Unilever. The digital channels which are being used by the Unilever company in order to reach out to its customer are the social media marketing such as the Instagram, Facebook and much more. The company also uses the search engine marketing, email marketing, display marketing, partner marketing along with maintaining the relations with the public. The Unilever company has been using their marketing strategies for the purpose of offering the meaningful insights that has helped them in the determination of the creation of multiple ranges of the product that they own. The company also has the extensive portfolio of its brands across the
personal care, home appliances and the food. They provide the customer with the different products according to their requirements and wants (Prabhu, 2019). 4. Marketing Strategy Objectives There exists a lot of time objectives which are made on the basis of the vision statement of the Unilever that results in the big and vague objectives. The particular analysis of the Unilever objectives can assist the managers in answering the queries such as Increase its sales and profits of the company in the coming next three quarters, increase the sales from the last year sales by 30% at the same time period by raising the budget of advertising. Increase the sales of the same stores by 30 percent over a particular time period by implementing the same kind of the budget of advertising (Madurapperuma and Wijayanayake). The first step in the organisation is to plan to enhance the marketing objective and the specific objective is to do the market research alongwiththecompetitoranalysisthroughwhichthecompanycanconcludeaboutthe requirements for enhancing the spending performance of the market by 30 percent. Measurable is about the 30 percent improvement in the performance and it also requires to figure out the metrics which it will track on the dashboard. The attainable and the achievable objectives includes the that if the target of the improvement is there in the company or not. Then comes the macro targets made by the different segments achievable or not. In case if they are not then the company is required to revise them so that the targets which are not achievable can not demotivate the employees. The realistic targets are the ones which are being developed in the online marketing space along with the physical advertising space that is achievable. The time based goal setting is about whether the company is able to enhance the results on the marketing spending in the coming three months. The achievement on the basis of time is complicated as the company do not want to miss the main or the peak season (Kasemsap, 2018). 5. Value proposition of the product Value proposition is a simple statement that compact why an individual would select company services or products. This stands as promised by the company to its customers or the market segment. The main purpose of value propositions to convince investors, customers or stakeholders that a business or its services or products are worthwhile (De Mora., 2019). If the value proposition of the company is unconvincing or weak then it may be lead company in difficult to attract consumers and investor. Unilever company has positive beauty vision for planet and people and their proposition is beauty product that not only harm less but also good
for the skin. By their beauty and personal care products they are taking action to operate a positive changes. They are trying to transform the system that grip people back through advocating new laws, policies, social norms etc. that will promote health and well-being for the members of the society. Unilever is saying no to the normal, they challenge narrow beauty products they are reducing the use of word βnormalβ over all their personal and beauty care products. They build a global portfolio and by digital marketing strategy they attract customers as they offer good quality beauty products. Unilever plc value proposition is to provide of quality products at reasonable prices. They offer good quality products customers are attracted toward products and customers are loyal to the company. Most of the ingredients in their personal and beauty care products come from natural world. Thus, their aim is to not offer less harm products but also offer good products. Company use 100% recycle bottles over the world, so they use less or no plastic. They are working on reusable packaging and refillable too. Value proposition is powerful tool to operate sales and create a customer base. A string vale proposition acknowledge its target market, provide specific value and connects with customers (Olson, and et.al., 2021). 6. Marketing tactics and some digital channels to achieve marketing strategies objective It is a set or series of strategic actions or methods drive to promote organization services and goods. The main aim is to increase sales and maintain a strong competitive product or services.Marketingtacticsincludeswiderangeofactionsandstrategiesthatmarketing executives take, by the use of digital platform. Unilever plc use social media marketing, influencer marketing and email marketing to achieve objective. Social media marketing is very vast platform by which company can achieve their strategies objective to promote product. Social media platform is used to create brand awareness and customer engagement there are manysocialmediaplatformssuchasFacebook,twitter,LinkedIn,YouTube,snap-chart, Pinterest etc. this digital platform help company to build good brand awareness and company achieve their objective effectively (Bala, and Verma., 2018). Email marketing is the most effective digital marketing channel or tools. E-commerce sites and the retail brands such as Unilever are get lot of success by pushing discounts and seasonal promotions like on mothers day, birthdays etc. With the email list company stay in touch with their target customers so company build string customer relationship. Influencer marketing includes partnering with the influencers such as experts, authority figures, celebrities etc. who have existing audience. Becoming associated with the popular personality can give a benefit especially with younger
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audience. For beauty products are use by the younger and mid age people so such channels helps to promote products. This type of marketing channels are less expensive so it gives benefits to the company as well as customers. By digital channel company can easily achieve their market objective in the effective manner. Unilever plc use such platform to promote their products and services (Hanlon., 2021). 7. Metrics to evaluate marketing strategy and some Key performance indicators Marketing metrics are an assessable way to track the performance and it is important marketing measurement tool for measuring campaigns effectiveness. Marketing metrics are very important because it helps brands to direct whether the strategies are successful and offer future success. This helps marketing department to analysis they have achieved their goals in terms of attracting new customers, sales, awareness, engagement and more. Digital marketing KPI and metrics are values that the marketing teams used to track and measure the performance of a marketing strategies. This marketing is use numbers of platforms to promote company products and services offering and then tracking the result can be challenging and time-consuming. So there are some KPI to track the performance of the marketing strategy (Hristov, and Chirico., 2019). Key performance indicator is very helpful to know the actual performance of the plan such as web traffic, conversion tare, customers acquisition cost etc. Web traffic sources metric or KIP is used to measure the traffic sources are driving visitors to company website and offer a comparison of each source. Visits per channel helps to determine most profitability or good margin market channel. For organic traffic it can be improve or by improving company SEO by interlinking their websites page and offer helpful content. By such KPI company can track their performance and then match with the standard one if the performance not match with the standard then company can take corrective action on time. Customer acquisition cost KPI measure that how much a company spends to acquire new customers. Monitor social media KPI as percentage of all follow and visits the monthly trend to understand the benefits of different channels to company website traffic.
CONCLUSION From the above report it conceded that the digital marketing is very important for the company to promote their products and easily reach to the customers. Digital marketing strategy includes assessment of particular goals that are achievable by online channels. This report highlight the beauty and personal care products, and this also includes benefits, characteristic and features of the products. This report also elaborate competitor analysis which involve key competitors of the products and pricing strategies of the competitors. Moreover, this report discus the target market of the products and some methods by which company engage their customers. And above report includes marketing strategy objective (SMART) for the company. The above report also includes value preposition of the product and marketing tactics and how digital channel which help company to achieve their objective. Furthermore, report illustrated some metrics such as Web traffic, Customer acquisition cost etc. to evaluate company marketing strategy.
REFERENCES Books and Journals Bala, M. and Verma, D., (2018). A critical review of digital marketing.M. Bala, D. Verma (2018). A Critical Review of Digital Marketing. International Journal of Management, IT & Engineering.8(10). pp.321-339. De Mora, F., (2019). Biosimilars: a value proposition.BioDrugs,.33(4). pp.353-356. Desai, V., (2019). Digital marketing: A review.International Journal of Trend in Scientific Research and Development. 5(5). pp.196-200. Hanlon, A., (2021).Digital marketing: strategic planning & integration. Sage. Hristov, I. and Chirico, A., (2019). The role of sustainability key performance indicators (KPIs) in implementing sustainable strategies.Sustainability.11(20). p.5742. Kasemsap, K., (2018). Enterprise Information Systems and Digital Marketing: Advanced Issues and Implications. InE-Manufacturing and E-Service Strategies in Contemporary Organizations(pp. 53-71). IGI Global. Kerdpitak, C., (2022). Marketing EffectivenessModel of Tourism Business in Thailand.Journal of Hunan University Natural Sciences.49(4). Madurapperuma, K. and Wijayanayake, J., Readiness Factors for SMEs in e-Business to Adapt Digital Marketing in Sri Lanka: A Systematic Literature Review. Man, M.M.K. and Yang, L.R., (2022). The Future Prospect of Digital Marketing in the Malaysian Context.International Business Research.15(1). pp.1-72. NEZAMOVA, O.A. and OLENTSOVA, J.A., (2021). Improving the sales policy of agricultural enterprises on the basis of advanced marketing technologies.ΠΠ·ΠΈΠΌΡΡ Π½Π°ΡΡΠ½ΡΡ ΠΈΡΡΠ»Π΅Π΄ΠΎΠ²Π°Π½ΠΈΠΉ: ΡΠΊΠΎΠ½ΠΎΠΌΠΈΠΊΠ° ΠΈ ΡΠΏΡΠ°Π²Π»Π΅Π½ΠΈΠ΅.10(3). pp.288-291. Olson, and et.al., (2021). Business strategy and the management of digital marketing.Business horizons.64(2). pp.285-293. Prabhu, J.J., (2019). A Study of Digital Marketing and Digital Boom for Creating Brand Awareness: The Importance and Suggestions for Creating a Successful Startup. Purwanti, Y., (2021). The Influence Of Digital Marketing & Innovasion On The School Performance.Turkish Journal of Computer and Mathematics Education (TURCOMAT).12(7). pp.118-127.