Strategic Digital Marketing Plan Assignment
This project provides students with an opportunity to work individually on developing a Digital Marketing Strategy for a company.
Accordingly, the development and delivery of the Digital Marketing Plan is the most important element of the learning process. The project should be comprehensive, and prepare a digital marketing plan of a company, non-profit or product/service.
1. Develop a plan that considers all aspects of the digital marketing concepts learned in class to achieve identified strategic goals. This includes: SEO/SEM, Thought Leadership, Online sales/service, Digital Advertising, Online PR, Web Site, Reputation Management, E-Mail Marketing, Affiliate Marketing, Mobile Marketing and other strategies included in the course materials.
2. Choose a company/product for which you believe a comprehensive digital marketing approach could be introduced as a strategic element for reaching marketing GOALS. It is important to select a company or product that will have enough information and potential available to research and formulate a comprehensive digital marketing plan. If the business is too small, the scope of the project might be too small to effectively use all that you learned in class.
Project Components:
1. Situation Analysis: 1 page
1. Review where the company is today in terms of marketing strategy.
2. Provide a competitive assessment showing major competitors and how your company is positioned against its competitors.
3. Assess the current economic impacts facing the company
4. Assess the regulatory/other impacts facing the company/industry
2. Prepare SWOT analysis - Strengths, Weaknesses, Opportunities and Threats - 2 pages
1. Strengths are those factors that are internal to the organization that provide the company/product with a competitive advantage in the market.
2. Weaknesses are those factors that are internal to the company that are prohibiting growth of the company or impeding in the ability of the company to succeed in the market.
3. Opportunities are those factors external to the company in the market or external environment that provide the potential for future growth of the company/product.
4. Threats are those factors external to the company in the economy, trends, demographic changes, and technology, legal, political or other areas that will pose a threat to the growth of the company/product in the future. Watch the youtube video "SWOT Analysis: How to perform one for your organization" that shares the basics of SWOT. We won't be doing research with employees etc., but it does cover the basics.
3. Determine Target Markets - 2 pages
1. Note that your "markets" may not just consist of your customers, but also investors, influencers and employees.
2. Provide a detailed analysis of the primary target markets including: Description of age, gender, socio-economic status, media preferences, behavioral trends, media habits, buying habits etc. This description should provide a very solid understanding of how the target market behaves, uses online media, social networks and other internet venues to research and buy products, gather information and network. I would narrow the assessment of the target market to one or two primary target markets for the purpose of this project.
4. Design the Digital Marketing Strategy and Tactics - 3-5 pages
1. Utilizing all of the areas that we studied in the textbook determine which digital strategies you will use in your plan and what goal you want to accomplish for each strategy.
2. Describe each strategy that you are employing and why you have decided on that particular strategy to include in our marketing plan
3. Once you have identified the strategies that you will use, define tactics for each strategy to help you achieve your marketing goals. Try to be as specific as possible when describing the tactics that you have chosen Example: Tactic- A blog will be set up (Define the type of topics for posting, frequency of posting, why you selected this tactic based on potential audience interest, how the blog posts will benefit the target audience and how you intend to get your audience to view the blog).
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.
Attachment:- LVC-Internet-Marketing-Paper.rar