Google Analytics data collected on behalf of Peg and Kris, LLC for the company’s website domain, www.pegandkris.com, suggests that the company needs to change its current online marketing plan (Google Analytics, 2016). Weaknesses revealed by the data included overall low sales conversions, insufficient sales from social media and email campaign groups, and an usually high amount of sales conversions occurring on a desktop computer despite a larger number of visitors from mobile devices. Strengths included a sufficient number of visitors to the website and decent purchasing behavior from return customers (Google Analytics, 2016). While the data shows that Peg and Kris, LLC has been successful in drawing both new and returning customers to the …show more content…
Kristy May, CEO, states that the new strategy should consist of several key components (K. May, personal communication, November 12, 2016). First, the company should continue to work very hard on strengthening its branding through frequency (Michalowicz, 2012). Second, Peg and Kris, LLC needs to strengthen its social media campaign to draw in new customers (Rosario, Sotgiu, De Valck, & Bijmolt, 2016). Third, the company could benefit from partnering with other brands, bloggers, and affiliates (Rosario, Sotgiu, De Valck, & Bijmolt, 2016). Lastly, while not directly related, research suggests that the company will see an improvement in web sales conversions with optimization of its mobile site (Oakley & Daudert, …show more content…
May, personal communication, November 12, 2016). Data revealed that the dollars being spent on paid search generated zero dollars in sales (Google Analytics, 2016). Therefore, it is proposed that the company stop its current campaign, and reconsider a more effective paid advertising campaign in the near future (K. May, personal communication, November 12, 2016). As a replacement for these dollars, the company will consider other forms of online advertising such as banners and ads that may generate more activity from the specific target audience of the brand (Dinner, Van Heerde, & Neslin,
Joseph Turow’s The Daily You shows us the in depth look of behind the scenes of the advertising industry and its impact on individuals in the consumer society we live in. Every time you click a link, fill out a form or visit a website, advertisers are working to collect personal information about you, says Joseph Turow, a professor at the Annenberg School for Communication at the University of Pennsylvania. Then they target ads to you based on that information they collected. This tracking is ubiquitous across the Internet, from search engines to online retailers and even greeting card companies.
Avinash Kaushik in his blog proposed the 10/90 rule. [1] According to him, many large companies that have invested in web analytics tools still struggle to make any meaningful business decisions. Apparently, there is a no dearth of data that is collected via these web analytics tools for these companies. However, the caveat here is that there is no real useful information that is being analyzed from these data. In other words, there are not sufficient people with expertise in these areas working on these web analytics tools for these companies to make any meaningful suggestions from the data for the companies to implement and in return increase their profits or whatever they are trying to achieve/gain. The 10/90 rule suggests that for every $10 invested on web analytics tools, $90 should be invested on web analysts by the company to be able to expect positive results on their investment on web analytics tools. Primarily, the data collected from such web analytics tools is useless unless an expert is analyzing that data. It is the web analyst that is critical for the success from the ...
I would suggest that they incorporate more diversity in their ads and campaigns to reach different ethnicities if they want to continue to expand. Also, in stores, particularly the Willow Grove, PA location, is very large and spacious. Upon entering the store it is primarily women’s apparel and accessories, as well as men’s. Maybe the company can incorporate more of its products in this location, to provide consumers with more of a product assortment.
The marketing industry is rapidly changing, advancing, and adapting to the technology. The industry will continue to be refined as we move from traditional to nontraditional strategies. RPZ Social Media Analytics and Genaflek have experienced these changes first hand, which in turn opened a window of opportunity for RPZ Social Media Analytics to purchase Genaflek Marketing. Since the purchase, RPZ Marketing has had to face many new exciting challenges and obstacles. RPZ struggles with a lack of qualified resources, as the employees from Genaflek used traditional marketing strategies. How will RPZ Marketing continue to be a leading marketing firm offering cutting-edge, innovative solutions specializing in diverse media applications?
A behavioral advertisement company, Criteo, defended their practice by claiming that less than twenty percent of people are willing to pay for online news. This is because news is offered free online on countless other websites. This fact is unrelated to why “Julie” did not buy those “cute” Zappos shoes. Unless she found them cheaper elsewhere in which case the sales loss was from poor product prices and not poor product advertising.
...vive, profit, and grow. Marketing contributes to all of these categories. A companywide strategy designed to optimize profitability within Titleist comes from their media outlets. This ties in with Big Data. Titleist has jumped into the world of Twitter and is heavily involved with those who play golf. They respond to most questions giving feedback to all that they can. Their Twitter page has over “three hundred thousand followers”, and is steadily growing (By Rick V., Team Titleist Staff on Yesterday. (2016). With this page they are able to keep track of their daily interactions and page visits. Titleist has driven up their overall interaction with the public by “78 percent” (SAUERHAFT, R., & Chwasky, M. (2014). Social media has grown tremendously over the past decade and is a vital component to many company’s successes within their customer relationship.
The company can improve its channel strategy to enhance its current performance in one way. The company’s website is too reliant in the physical stores. The website has photos of the physical store ostensibly to help customers to connect with it. This idea seems well founded. However, the target market for any company that operates an online shopping system is not local. It transcends geographical boundaries. The company needs to consider how it can make the online shopping experience authentic and complete for customers who may never visit any of its physical stores. A website makes a company a global player. In this regard, the company needs to expand its channel strategy to take into account an expanded potential market. This shift in strategy will increase the sales the company makes.
They did not create a proper advertising campaign prior to the launch of the product, and are trying to form it now to increase customer awareness of the product.
...each customer can be measured by the acquired business contracts. The website and its success can be evaluated by the technical support team on how often it is used and most importantly by asking customers seeking information how effective the information provided on website is in regards to their company’s interest. Performing more research and updating the website to tailor it to a company’s interest, would ensure better delivery of our message. When a company contacts Kelly services, the customer service team can ask how they heard about our company. According to the feedback we receive we will determine what media has delivered successful results in regards to the information and how effective it was. From there we will determine what has been successful and how we can improve and adjust our process and delivery method to better reach our potential customers
Fahey is facing the declining sales of print media as in North America, NG magazine revenues fell from $23 billion in 2004 to $20 billion in 2009. Advertising sales have declined by 30-40% in 2009 as compared to 2007. Membership feeling among customers, which was a prime focus of the company once, is deteriorating and customer are seeing it as a mere subscription. Employee satisfaction is also going down and employees see poor conflict resolution and marketing decisions that did not make sense to employees. The dispersed digital initiatives which have been taken up to fulfil the growing need to go digital is not generating enough revenues and there is tough competition with global giants in digital content publishing world who have enormous amount of resources. Fahey wants to monetize their operations even more to propel the future growth. Another striking challenge Fahey is facing is that different product units are focusing on their own channel rather than NSG as a whole to generate content which will...
Google is a multi-billionaire company that was founded by Larry Paige and Sergey Brinn in September 1998. Google housed more than 40,000 employees and it is now still increasing. In 2014, the company has 53,600 employees. There are several products created by Google, some of the well-known are Google Search, Google Scholar and Google App.
Price and advertising strategy: PepsiCo Overhauls Statergy. PepsiCo plans on saving 1.5 billion dollars in...
2009 was a negative period for the United States economy. A big recession hit the country, and the founders of Google were trying to make a plan in order to make to limit the damage caused by an economic decline. Brin and Page the two creators of the giant Google were shocked form the situation that was occurring. Their company was feeling the effect of the economic downturn. Google’s stock price dropped 51 percent. The two entrepreneurs were trying to figure out a way to keep the company from drowning. Google main problem was how to maintain the culture that made the company successful in the previous two years. Some consequences that the company had to face was eliminating products that
Across the whole business, it has participated in technology in the other areas too to recover its abilities and performance. In the recent years, it augmented its deal in marketing and whether old-fashioned approaches or digital marketing, it is capitalizing millions to recover its mark
Schlosser, Sharon Shavitt, and Alaina Kanfer, who are experts in the areas of Marketing and eCommerce, Advertising, and Information Technology respectively, found that 63% of those surveyed either disliked or felt neutral about online advertising. (Schlosser) This explains that a large majority of internet users generally dislike online advertisements. There are several valid reasons behind this. One of these reasons is that users view the ads as annoying or intrusive to their internet use. They believe that the advertisements are distracting from the overall content of the webpage. According to a study conducted by Scot McCoy, who is an expert in the field of Management Information Systems, internet users are much less likely to re-visit a website which has advertisements as opposed to a similar site which does not include advertisements. (McCoy) In other words, if a user is able to find a similar site which does not include advertisements, they are much more likely to use and view that site as opposed to one which includes advertisements. However, a downfall of these studies is the fact of how out of date they