Professional Documents
Culture Documents
Digital Marketing Group Project
Digital Marketing Group Project
Digital Marketing Group Project
Letter to CMO 2
Target Market 3
Social Media 4
Improvement 1 11
Improvement 2 12
Improvement 3 13
Improvement 4 14
1
Letter to CMO
Roy M
Chief Marketing Officer
November 23, 2020
Dear Roy,
We are a group of students studying Digital Marketing at the University of South Florida.
We have been studying and evaluating Price Vision Academy’s digital marketing strategies
for our class project. Our group has analyzed various points of your strategy, including
social media, digital advertisements, website, and use of SEO. This thorough evaluation has
identified weak points in your company’s digital marketing, and our team has devised
several solutions. We believe our suggested improvements can greatly help Price Vision
Academy by increasing and improving its online presence.
Throughout our plan, we will be analyzing what elements of your current plan are effective,
as well as what we believe can be improved via our improvement strategies. Our team has
come up with four methods to improve Price Vision Academy’s digital marketing strategy,
compiled from an in-depth analysis of the current strategy that involves increasing the
number of social media followers by 10% each month, Increasing customer engagement by
improving the website engagement score by 5 over the next 6 months, increasing website
traffic by 10% each month, and lastly, boost the amount of clicks-per-post to all social
media platforms by 5% each month.
We hope you will take our recommendations into consideration for your company, and are
looking forward to helping grow Price Vision Academy!
Sincerely,
Isabella Zimmermann
2
Target Market
Price Vision Academy has defined their target market as people of any age or income that
desire to learn trading. The company is looking for students that are driven and self
motivated. The prospective customer should also be in the business for the long haul,
rather than wanting to just ‘get rich quick’.
The course that the company offers is self paced and takes about 3 months to complete
with about 1 hour of work per day.
While the company has made use of different methods of digital marketing, they could be
doing so more effectively. Our team will analyze each platform in order to suggest
improvements that can improve Price Vision Academy’s online presence.
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Social Media
Price Vision Academy currently has company social media accounts on Instagram,
Pinterest, and Facebook. It does not have a company Twitter, but several company
administrators have accounts that promote Price Vision Academy.
Instagram
❖ 879 followers | following 55 | 28 posts
The company makes an Instagram post almost consistently once a day. The posts are all
the same type and not very interactive with users. There is no strong call to action in the
posts. Each post begins with a unique caption, but after clicking the more option, the rest of
the caption is always the same. These captions can be seen in the figures below. The posts
receive between 5-50 likes and 0-15 comments.
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Pinterest
❖ 135 followers | following 765 | 11 boards | 249 pins
The company’s Pinterest account has the most variety of posts of all of its social media
accounts. The posts include company promotions, tips, relevant articles, and motivational
quotes. The posts that are about information related to the field link to the mentioned
article. All other posts link to the Price Vision Academy home page.
The figures below show the company’s Pinterest account, example posts, the homepage
that posts link to, and a post with the article it links to.
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Facebook
❖ 1 follower | following 0 | 0 posts
The company’s account is very new and has not had any activity yet. The About section says
Price Vision Academy is a black owned business, but this is not promoted anywhere else in
the company’s digital marketing.
Twitter
❖ No company twitter, but some administrators have professional Twitter accounts
CEO/Founder’s Account
❖ 1415 followers
❖ The bio is company related, but the post content seems to be more personal than
company related
CMO’s Account
❖ 1002 followers
❖ This account is more focused on the company and posts motivational tweets
relating to what the company is doing
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cost. The bottom of the page features four testimonials from people who have used the
program.
Price is currently utilizing SEO through instagram captions. Within every post is about 20
similar tags that correlate to forex trading. With our help, you could connect each tag to the
right post. The ‘right post’ is also something Price could use some assistance with. Flyers,
motivational quotes, and captions with not much direction to the website in their bio is not
optimizing the full extent of the search engine platform that is Instagram. We suggest
connecting tags to whatever the post is specifically promoting. If you continue to go the
inspirational quote route, use tags that connect to the theme of the quote. For example,
Price posted a quote about passion and only had tags about investing. If you’re specifically
trying to connect with passionate people, using the tags #passion, #passionatepeople,
#lovewhatyoudo, etc. will help you put your message in front of the right people. In
general, for posts that are company related, using their current frequent hashtags like
#forextrading, #forextutorial, and #investmenttraining will suffice. If anything, add a few
hashtags surrounding your target market like #entrepreneur, #businessowner, etc. This is
how you utilize search engine optimization to target your marketing efforts.
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Email
The company does not currently have an official email campaign for prospective students,
meaning only existing customers receive emails. Vision Price Academy began sending
emails to a list of current students to recruit for affiliate marketing partners (79 emails)
when its site moved from Gumroad to WordPress. The company’s email analytics show that
very few people are opening the emails, and almost no actions have been taken from
them.
Google Ads
The company has not run any ads yet, but would like to pursue a Google ad campaign. As
the world’s most utilized search engine, missing out on a major advertising platform that
gives major insights in a direct and easily interpreted format. Additionally the benefit of
added conversions and brand exposure from the platform will be a key component of
growing the company’s digital marketing plan.
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Improvements of Digital Marketing Strategy
Overall, Price Vision Academy has taken a lot of solid first steps in beginning its digital
marketing journey. However, it still needs to grow and expand. The company’s goals are to
(1) increase reach on social media sites, (2) increase reach transferring to sales, (3) achieve
consistent monthly sales, and (4) create a strong and unified brand image across social
media.
These goals will be explained more in depth, and our team will give our improvement
recommendations for each SMART Goal.
Smart
Measurable
Attainable
Relevant
Timely
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Improvement 1
SMART Goal
Over the next 6 months, increase the number of social media followers by
10% each month.
Specifications
In order to reach this goal we are going to engage with potential followers. Since our
company is Price Vision Academy (a trading company) we want to engage with people who
are potentially interested in trading. This could mean going under hashtags like #trade
#trading #stocks and commenting on pictures. The comment could be something along the
lines of “check out our page if you are interested in learning more about stocks and how to
be successful in trading!” Then to measure the effectiveness of this we could make a
spreadsheet of all the accounts that we reached out to and what percent of them actually
ended up following our account.
Another potential strategy would be to contact someone who has a larger following and
has an account that talks about stocks. Then we could have them post about our company
and explain what we do while tagging our account. Then we could measure how many new
followers we got during the 24 hours after they posted as this is when people were likely to
see it. We would then check if the followers we obtained were following the account that
talked about our company. If they were following then we are able to confirm that the new
follower was in fact from their post. This would give us a fairly accurate idea of how many
new followers we got from this account talking about our company.
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Improvement 2
SMART Goal
Increase customer engagement by improving the website engagement score
by 5 over the next 6 months.
Specifications
In order to get people to visit the website I would post a blog explaining the website and its
goals while linking the website. This blog would be posted to a high traffic area with others
who are interested in stocks and trading. It would even potentially be useful if someone
who already has a successful blog could write the article for us and mention the website
link. This would help get traffic as their blog already has a following. Then from here we are
able to measure how many people click on the link from this given blog and go to the
website.
The other method could be to add Instagram stories and tell followers to swipe up to bring
them to the website link. This could be done with engaging tactics such as images and
bright colors that encourage followers to swipe up. We could also have a specific incentive
that reads something along the lines of “swipe up to find out how you can start making
money today”. We are then able to measure how many people swiped up on this story and
went to our website.
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Improvement 3
SMART Goal
Over the next 6 months, increase the website traffic by 10% each month.
Specifications
In order to achieve this, we will start by link building Price Vision Academy’s site. Taking
advantage of link roundups via sites such as https://aversity.com and
https://www.wisebread.com will be a great start to increasing our web traffic as well as
increasing giving an added boost to the sites SEO. Additionally, having Price Vision
Academy’s founder Jerome Rapheal featured on popular investing and trading podcasts
such as Invest Like the Best and T
he Stock Trading Reality Podcast will be extremely
effective in generating backlinks, thus targeting both podcasts massive followings in order
to increase web traffic. To measure this we can use L
inkgraph to measure the effectiveness
of the backlinks, as well as determine which links are more effective at driving web traffic
than others. What makes improving the websites traffic to important is that the website
will serve as the backbone of the digital marketing and online sector of the business,
making it imperative to the success of Price Vision Academy.
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Improvement 4
SMART Goal
Boost the amount of clicks-per-post to all social media platforms by 5% each
month.
Specifications
We plan on utilizing SEO to not only boost the views on each post but also direct the post to
the right people. We also advise that the content changes from motivational quotes to a
more personal style of outreach. Things like videos of the CEO explaining the mission
statement, references to pop culture through the use of memes and phrases to appeal to
the average instagram user, will improve interaction. We can measure this through the
statistics given on a business instagram account. Every instagram post has an insights tab
on it. This shows the reach, profile visits, interactions, and the percentage of people who
saw it through the SEO tags. We will use this to monitor the progress of this new instagram
strategy.
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