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Digital Marketing: Project Proposal Retrospective Club
Digital Marketing: Project Proposal Retrospective Club
Digital Marketing: Project Proposal Retrospective Club
Marketing
PROJECT PROPOSAL
Retrospective Club
I. Introduction …………………………………………………. 4
Regarding the business model of the company their structure is very simple although it could
be easily expanded along with the business itself. Currently they only need to cover the
production costs that they pay to their supplier in China. Their manufacturer is called 4U
Sporting Goods and provides high quality product with all of the additional components
included (embroidered and ripped in the front part of the cap). They discovered the supplier
thanks to another player in the same market that was kind enough to get them in touch with
this vendor. The shipping costs are fully covered by the customer, and they deliver all
around the world. The advertising costs are non-existent because they promote entirely
through their social media (Tik Tok and Instagram) and with influencer’s posts who do not
ask for any type of compensation. That is due to the founders’ personal networks, so their
acquaintances help them without expecting anything in return. Through this lucrative
business model, the company generates profit margins in the range of 57% which is
incredibly high. They sell their caps at 35€ each, with a variable shipping cost based on the
client's location, and they only have production unit costs which amount to 15€ per cap.
II. Past marketing strategy analysis
Marketing Strategy
To this day the brand is solely focused on digital marketing. As stated previously, they
generate content only on their social media and on their influencer’s account. To provide
high quality publications Retrospective Club provides a shooting service to their influencers.
The appearance they want to create with their publications combines the retro/vintage
approach with the more modern looks of today’s marketing with appealing components.
Brand Image
The brand associations are mainly connected to the “retro style”. This is a concept that has
been successfully implemented in the fashion industry to bring back or imitate past
tendencies in the music, fashion, movie, and photo industries. The 4 different colors of their
caps (Blue, green, pink, and yellow) are inspired by the clothing color trends of the 90s with
flashy and fluorescent colors that catch the eye. These behaviors are aligned with the period
of success for comic books and pop art. Finally, we have the kissing lips which are another
symbol of that time with the Rolling Stones symbol of the tong and lips logo known
worldwide from the 1970s onwards. The notion of club is purposely used to create the idea of
a restrictive group that everyone wants to join but only a privileged minority is allowed to.
This is opposed to the suggestion that a brand might be for everyone and accessible to the
masses.
The overall digital marketing strategy Retrospective Club had adopted in the past 3 months
was very successful and when it comes to a digital brand, we can proudly say they are a
great example of it. Despite the brand’s good results, we, On Track Agency, envisioned and
developed a strategy which hadn’t been implemented yet.
To best assess the brand, we introduced ourselves, explained the project and the reason for
conducting our work. The founder and his associate agreed to hear us out which led to a first
meeting. Following the meeting we circled back with a detailed project proposal, which was
immediately overviewed and accepted with no changes nor comments given. From then, we
were given 100% control over the account and the decision making in relevance our
strategy. The project proposal can be found in our Annexes p.6.
1. Giveaway
The first post of the series was a giveaway which was posted on Thursday October 28 th.
Retrospective Club gave away 3 caps to its follower’s in a goal to increase visibility and
loyalty of the brand. The visibility was expected to be gained via the mentioning and tagging
of friends and family in order to participate. The loyalty was expected to be attained by
giving back to the supporters of the brand. The follower increase was expected to grow by
5% and the post interactions by 100%.
To participate, users had to follow the @retrospective.club account, tag 3 friends in the
comment section and like the post. The giveaway ended on November 1 st and winners were
contacted by private message and had the chance to choose the desired color.
II. Sponsored post
The second post of the series was posted on Thursday November 4th and is a classic
Instagram posts of Retrospectives’ previous photoshoots which was meant to increase page
visibility, increase follower count and improve brand image and reputation. The post was
promoted with a budget of 5€ per day during 6 days and was targeted towards a specific
audience.
The target audience we used for the specific market segment promotion was the following.
We predicted an estimated 4,500 people reached over the 6 days.
16 to 26 years old
The final post of the series, posted on Thursday, November 11th, was meant to allow
followers who’ve missed the giveaway or new followers who’ve just jumped on board to
purchase the product directly via Instagram. To do so, we added the in-app shopping
feature. The IG shop feature is a small bubble placed on the desired product in the post,
which could redirect the viewer to the product description page with a link to the
retrospective-club.com website. In addition, the brand was interested in investing in the
promotion of the post again which participated in boosting the marketing campaign.
Thanks to the previous post, trial and error was possible and the target audience was better
determined.
IV. Conclusion
- Impact, impressions, metrics, etc.
The first post, the Instagram contest, that we posted for Retrospective Club was
significantly successful. The goal was to let the followers know that the brand was still
active even if it had not shared any content for over a month and a half. The contest did not
go unnoticed, the average number of likes per post of the account was 128 and this one
reached 144 likes. Similarly, the number of comments per post had on average about 3
comments and the give away post received 108 comments. Thereby, the total number of
interactions amounted to 252 (likes + comments). At a different level, what motivated the
users to comment was that it was a requirement to have the opportunity to win the prize and
they were asked to identify 3 other users. Therefore, the reach of the likes expanded to 4
times the number of comments so about 324 people being tagged excluding the people who
could have been tagged more than once. This is what we could get from a personal analysis.
However, there is a tool on Instagram that allows professional account users to get
additional information called Post Insights. This analytical instrument allowed us to confirm
some of our hypothesis and get real data on the reach of the contest. Besides the content
interactions there were other activities on the account which are not specified. We also
gathered some additional information such as the number of accounts reached, and we saw
that almost 800 accounts saw the post. Therefore, the view-interaction ratio is 31.5% which
is a pretty solid percentage. In addition, out of the total amount of views for the post 338
(42%) were from non-followers. A last insight that we had which is relatively important is
the number of additional followers thanks to the post which resulted in 14 new followers.
What we learned from this last factor is that we should have sponsored this post in order to
increase the number of participants and new followers, so this is a mistake from which we
have learnt.
The second post we posted with the Retrospective Club team was sponsored. The second
post had an allocated budget of 30€ which were divided into 6 days of ads. In other words,
we sponsored the post on a 5€ per day basis. We decided to have the target audience
defined by Instagram. Instagram analytics were able to target a specific market segment
according to Retrospectives’ current follower “type” and their potential interests. At the end
of the 6 day sponsor, 8.4% of the money that went into the ad was directed towards users
older then 35 years old, 0.7% to user from 25-34 years old and 70.5% on users from 18-24
years old. The campaign resulted in 205 people interacting with the post with 125 likes, no
comments and the remaining 80 interactions were from users visiting the account. In terms
of reach, there were 10,400 impressions from which 6,500 people were exposed to the post.
In relation to conversion rates, outside factors from the current strategy of the Retrospective
club team made our data inaccurate but we estimated that around 50 new followers were
obtained.
3rd post:
To sum up, the marketing strategy that we executed for the social media account of the
Retrospective Club’s business had a moderate success. However, considering the past
results of the account is quite consistent with what they had achieved until now. In addition,
the fact that they were absent from their social media for a significant time did not help our
cause. Furthermore, through this initiative we gave the Retrospective team a trial to
understand prepare new way of generating advertising. This should be helpful when the
expansion plan that they have in mind is implemented.