Social Media Marketing Strategy for Nin Jiom Pei Pa Koa: MBA Project

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Added on  2023/03/31

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AI Summary
This project presents a comprehensive marketing plan for Nin Jiom Pei Pa Koa, a Chinese medicine manufacturer, focusing on transforming its traditional marketing approach into a robust social media strategy. The report begins with an overview of the market conditions, including political, economic, social, technological, environmental, and legal factors influencing the business. It then analyzes Nin Jiom Pei Pa Koa's current social media presence, which is limited, and proposes a detailed social media marketing effort, including YouTube commercials, Twitter, Facebook, and Instagram strategies. A key component of the project is a competitive analysis, focusing on Hung Fook Tong, a major competitor, evaluating their social media channels and engagement tactics. The plan outlines specific goals, including increasing social media presence, consumer retention, and market share. It targets specific demographic and psychographic audiences, and develops content creation strategies for each platform, including Twitter, Facebook, and Instagram. The project also includes a monitoring and measurement plan to assess the success of the social media campaign, along with references to relevant marketing literature.
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Marketing plan of Nin Jiom Pei
Pa Koa
Name of the University:
Name of the Student:
Authors Note:
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Introduction
Nin Jiom Pei Pa Koa is a leading Chinese
manufacturer of medicines in Hong Kong that
is renowned worldwide as its products are
made of natural herbs and ingredients.
The objective of the report is to analyze the
traditional marketing transformation effort of
Nin Jiom Pei Pa Koa into social media
marketing strategies.
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A Brief Overview of Market Conditions
Political: Taxation policies, government resource
allocation, governance system and armed conflict
Economic: Availability of key infrastructure, skill
level of employees in the Chinese market,
financial market efficiency and downward
pressure on consumer spending
Social: Media playing increased role on public
opinion, attitudes towards health and safety and
societal norms and hierarchy
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A Brief Overview of Market Conditions
Technological: Focused on lowering production
cost, supply chain partners empowerment and
latest supply chain innovations used by competitors
Environmental: Recycling is an emerging norm, use
of renewable energy and increasing consumer
activism
Legal: Existence of data protection laws, strict
employment law in the country and stringent health
and safety norms
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Current Position in Social Media
Integrated offline and online promotional
channels in sponsoring several sporting events
Low existence on the social media marketing
platform and high use of traditional media for
promotion
Promotes advertorials regarding maternal and
herbal medicine benefit topics on Television,
magazine, newspaper and billboards.
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Proposed Social Media Marketing Efforts
YouTube commercials in
illustrating clear vision
of the company
regarding its quality
products for ensuring
healthy life for
consumers.
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Analysis of Competition
Hung Fook Tong Presence in Social
Media
Social Media
Channels Used
Use in Engaging
Consumers
This company is the
largest competitor
as it offers similar
products focused
on high quality,
herbal features and
at affordable costs.
Renowned products
include healthy
herbal tea and
homemade soup
Very active
presence in the
social media
channels and
increased reliance
on online product
promotion
Facebook
YouTube
Promotes products
as better lifestyle
practices
Engaging contents
on its new product
lines on a regular
basis
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Analysis of Competition
Presence in Social
Media
Social Media
Channels Used
Use in Engaging
Consumers
The company is
another competitor
in the Chinese
market with
increased
popularity among
consumers because
of its high selling
products including
herbal drinks ,
Chinese-style
soups, tortoise
herbal jelly and
other food products
Medium presence
on social media
channels. Employs a
promotional mix of
both traditional and
online medium for
advertising medical
and herbal
offerings.
Instagramm
Facebook
YouTube
Promoting products
among target
audiences as
helpful for
maintaining
wellness
Product sample
based promotions
and charity raffle
tickets increases
number of website
viewers
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Traditional Advertisement
Television
advertisement of
Nin Jiom Pei Pa
Koa is decided to
be promoted on
the selected social
media channels.
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Traditional Advertisement
The television commercial of Nin Jiom Pei Pa
Koa cough syrup promotes live healthier
strategy
This promotes no sugar added formula in
soothing and clearing throat and lung
congession.
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Strategy Development
Goals of Marketing
Plan
To obtain trending social
media presence within the
first year with attaining
2000 likes and followers
To attain consumer
retention rate increase by
20% in the first year of its
social media commercial
launch
To attain increase in market
share by 15% within the
first year after launch on its
social media commercials
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Strategy Development
Targeting the Audiences
Targeting Medium Key Segment Variables
Demographic Gender, age breakdown, education
and family status of Chinese
consumers
Geographic Chinese as well as global
marketplace
Psychographic Employment and socio-
demographic status and family
status
Behavioral Chronic illness, increased health
consciousness in families and
people dealing with frequent cold
and cough symptoms
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