A E-marketing plan for Television Broadcasts Limited
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3.TheE-MarketingPlan.pptxDigital Media for E-marketing Chapter 3
The E-Marketing Plan
The E-Marketing Planning Process
The e-marketing plan is a blueprint for e-marketing strategy formulation and implementation.
Links the firm’s e-business strategy with technology-driven marketing strategies.
The plan serves as a road map to guide the firm, allocate resources, and make adjustments.
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E-Marketing Plan
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Legal – Ethical
Technology
Competition
Other Factors
internet
Markets
E
E-Marketing Plan
SWOT
E-Business
Strategy
S
P
E-Marketing Strategy
E-Marketing Mix
CRM
Performance Metrics
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Two Common Types Of Plans
Napkin Plan
Entrepreneurs may jot down ideas on a napkin or pad of paper.
Large companies might create a just-do-it, activity-based, bottom-up plan.
These ad hoc plans may work and are sometimes necessary, but not recommended.
The Venture Capital E-Marketing Plan is a more comprehensive plan for those seeking start-up capital and long-term success.
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Sources Of Funding
Where does an entrepreneur go for capital?
Bank loans
Private funds
Angel investors
Venture capitalists (VCs)
Venture capital investment in US companies hit $100B in 2018.
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Seven-Step E-Marketing Plan
Situation analysis
E-marketing strategic planning
Objectives
E-marketing strategy
Implementation plan
Budget
Evaluation plan
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Step 1: Situation Analysis
Review the firm’s environmental factors and SWOT analysis.
Three key environmental factors are legal, technological and market-related factors, which are covered in Chapters 4, 5, and 7.
SWOT examines the company’s internal strengths and weaknesses and looks at external opportunities and threats.
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SWOT Analysis Leading To E-Marketing Objective
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| Opportunities | Threats |
| Hispanic markets growing and untapped in our industry. Save postage costs through Facebook marketing. | Pending security law means costly software upgrades. Competitor X is aggressively using Facebook e-commerce. |
| Strengths | Weaknesses |
| Strong customer service department. Excellent Web/social media sites and database system. | Low-tech corporate culture. Seasonal business: Peaks during summer months. |
| E-Marketing Objective: $500,000 in revenues from e-commerce in one year. |
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Step 2: E-marketing Strategic Planning
Marketers uncover opportunities that help formulate the e-marketing objectives.
Marketers conduct analyses to determine strategies, such as Market Opportunity Analysis (MOA)
Demand & supply analysis for segmenting and targeting.
Segment analysis such as demographics.
Supply analysis to assist in forecasting. segment profitability and to find competitive advantages.
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Step 3: Objectives
An objective in an e-marketing plan may include the following aspects:
Task (what is to be accomplished).
Measurable quantity (how much).
Time frame (by when).
Most e-marketing plans have multiple objectives:
Increase market share.
Increase the number of comments left on a blog.
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Step 3: Objectives, cont.
Increase positive comments .
Increase sales revenue.
Reduce costs.
Achieve branding goals.
Increase database size.
Achieve customer relationship management goals.
Improve supply chain management.
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Step 4: E-Marketing Strategies
Strategies related to the 4 Ps and relationship management to achieve objectives.
Product strategies: merchandise, content, services or advertising on its Web site.
Pricing strategies: dynamic pricing and online bidding.
Distribution strategies: direct marketing and agent e-business models.
Marketing communication strategies.
Relationship management strategies.
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Steps 2, 3, and 4 of the E-Marketing Plan
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------ Step 2: Tier 1 Tasks
____ Step 4: Tier 2 Tasks
Step 3:
E-Marketing Objectives
Segmentation
Offer (Product)
Positioning
Differentiation
Targeting
CRM/PRM
Communication (Promotion)
Distribution (Place)
Value (Price)
E-Marketing Objective- Strategy Matrix
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Step 5: Implementation Plan
Tactics are used to achieve plan objectives.
Marketing mix (4 Ps) tactics.
Relationship management tactics.
Marketing organization tactics.
Staff, department structure.
Information-gathering tactics.
Website forms, cookies, feedback e-mail, social media comments and likes, etc.
Web site log analysis, business intelligence and secondary research.
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Step 6: Budget
The plan must identify the expected returns from marketing investments, in order to develop:
Cost/benefit analysis
ROI calculation
Internal rate of return (IRR) calculation
Return on marketing investment (ROMI)
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Revenues and Costs
Revenue forecast
Intangible benefits, such as brand equity
Cost savings
E-Marketing costs
Technology costs
Site design
Salaries
Other site development expenses
Marketing communication
Social media communication
Miscellaneous
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Step 7: Evaluation Plan
Marketing plan success depends on continuous evaluation.
E-marketers must have tracking systems in place to measure results.
Various metrics relate to specific plan goals.
Today’s firms are ROI driven.
E-marketers must show how intangible goals will lead to higher revenue.
Accurate and timely metrics can help justify expenditures.
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