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Digital marketing strategy and planning | About Business

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Digital marketing strategy and planning | About Business

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Introduction
Respondent profiles
About Business
Adoption of digital transformation programs
Investing In Digital Marketing
Top Online Marketing Channels
What should the planning horizon for digital planning be?
Integration Of Digital And Traditional Marketing Activities
EXECUTIVE SUMMARY

Introduction
Respondent profiles
About Business
Adoption of digital transformation programs
Investing In Digital Marketing
Top Online Marketing Channels
What should the planning horizon for digital planning be?
Integration Of Digital And Traditional Marketing Activities
EXECUTIVE SUMMARY

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Digital marketing strategy and planning | About Business

  1. 1. Digital marketing strategy and planning Moin Khan (14CS27) Umair Simjee (14CS71)
  2. 2. Table Of Content • INTRODUCTION • Respondent profiles • About Business • Adoption of digital transformation programs • Investing In Digital Marketing • Top Online Marketing Channels • What should the planning horizon for digital planning be? • Integration Of Digital And Traditional Marketing Activities • EXECUTIVE SUMMARY
  3. 3. Introduction In short: Your digital marketing strategy is the series of actions that are going to help you achieve your goal(s) using online marketing. ... In simple terms, a strategy is just a plan of action to achieve a desired goal, or multiple goals
  4. 4. Respondent profiles Since this research explores how digital marketing is managed, our research focuses on the views of marketing managers, digital marketing managers , students , consultants and company owners
  5. 5. Which of these best describes your role? 8% 38% 23% 31% Which of these best describes your role? Digital Marketing Manager Other Consultant Owner / CEO
  6. 6. Is digital marketing based on a planned approach? • We believe that to gain the most from digital platforms, a structured, planned approach based on a solid strategy will give the best results. Plans help businesses to priorities, set goals and resource at the right level to hit targets. That’s well known for business and marketing plans. We wondered whether businesses take a planned approach to digital marketing too. Without structured plans, there is a danger you will be subject to “shiny object syndrome”, always chasing your tail, as Jeff Bezos of Amazon has referred to.
  7. 7. Shiny Object Syndrome (SOS) • At its core, shiny object syndrome (SOS) is a disease of distraction, and it affects entrepreneurs specifically because of the qualities that make them unique. ... For entrepreneurs, rather than literal shiny objects, SBOs may be business objectives, marketing strategies, clients or even other business ventures • E.g.: You have 20 business ideas on paper, but no businesses.
  8. 8. About Business
  9. 9. Are you product business or Service business? 61% 39% Are you product business or Service business? Yes No
  10. 10. Adoption of digital transformation programs Organizations who recognize the importance of digital media and technologies in the future and seek to accelerate the rate of change to integrating digital marketing into their business to create digital transformation programs.
  11. 11. Adoption of digital transformation program in business. 7% 40% 26% 27% ADOPTION OF DIGITAL TRANSFORMATION PROGRAM IN BUSINESS We have had a digital transformation process in place for more than 2 years We have just started a digital transformation program (within the last 2 years) We are planning to introduce a program within the next 12 months We have no plans to run a digital transformation program
  12. 12. Contd. • A significant proportion of organizations have no intention to implement a program because they feel it is inappropriate for their type of business, for example, startups and smaller businesses.
  13. 13. Investing In Digital Marketing To choose the right level of investment in digital marketing requires an assessment of which channels will produce significant volumes of leads and sales at an acceptable cost per acquisition (CPA) for new customers.
  14. 14. Investment changes in Digital Advertising in 2018. Increase 66% Stay the same 7% Decrease 27% INVESTMENT CHANGES IN DIGITAL ADVERTISING IN 2018 Increase Stay the same Decrease
  15. 15. Top Online Marketing Channels To choose the right level of investment in digital marketing requires an assessment of which channels will produce significant volumes of leads and sales at an acceptable cost per acquisition (CPA) for new customers. Reviewing your marketing channels through comparing these two factors shows which channels warrant most investment.
  16. 16. Top Online Marketing Channels in 2017. 30.8 23.17.7 7.7 15.4 15.4 Top Online Marketing Channels in 2017 Search Engine Optimization (SEO) Paid Search Marketing (AdWords) Social media (Organic) Display advertising Email Marketing Social media (paid ads)
  17. 17. Defined digital marketing strategy Shockingly, nearly half of businesses do not have a digital strategy, but they are doing digital marketing.
  18. 18. Does your organization have a clearly defined marketing strategy? 54% 46% Does your organization have a clearly defined marketing strategy, e.g. an annual marketing plan, against which you can align your investments in digital technology and media? Yes No
  19. 19. Contd. • We found that a majority of organizations responding to the survey do use a planned approach to digital marketing, but many still don’t. • Shockingly, nearly half of businesses do not have a digital strategy, but they are doing digital marketing.
  20. 20. What should the planning for digital marketing? Traditionally, business and marketing planning in many larger businesses has been long-term. Long-term planning enables consistent strategies to be followed in line with forecast changes in the marketplace and resources allocated.
  21. 21. How far ahead do you plan when considering how digital technologies will contribute to your marketing? 33% 47% 20% 2-3 year vision and strategic initiatives defined Annual plans maximum mainly day-today, week-to-week operations
  22. 22. Integration Of Digital And Traditional Marketing Activities The research showed that the lack of a planned approach is most damaging to integration. Creation of separate teams for digital marketing and traditional marketing also presents problems for integration, showing the importance of developing processes and developing skills that involve collaboration across silos.
  23. 23. How well integrated are your digital and traditional marketing activities? 0% 74% 26% Fully-integrated Limited integration Not integrated
  24. 24. Which single factor most limits integration of digital marketing channels? 20% 40% 26% 7% 7% strategy and plans Teams structured Lack of skills Budget Others
  25. 25. What resources gap in constant do you need to overcome to achieved your strategies ? 40% 33% 20% 7% Budget Lack of Skill Unawareness Consistently
  26. 26. Executive summary
  27. 27. Digital marketing strategy and planning • In business, it’s recognized that plans help companies to priorities, set goals and allocate resources to meet targets. Yet a planned approach often isn’t followed in digital marketing or marketing: • One half (50%) of businesses surveyed do not have a defined digital plan or strategy, although they are active in digital marketing.
  28. 28. Contd. • Nearly (40%) of businesses are lack of skills to make their marketing strategy. • Good practice: Don’t just execute! Create a long-term digital strategy and plan aligning with marketing and business priorities.
  29. 29. Thank You !

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