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Amol Chauhan Module6 FinalTask
Amol Chauhan Module6 FinalTask
Amol Chauhan Module6 FinalTask
----------Contents----------
Table of Contents……………………………………………………………………...2
Executive Summary…………………………………………………………………...3
Problem Statement…………………………………………………………………….4
CDJ and Analyses……………………………………………………………………..6
Analyses…………………………………………………………………………………8
Business Objectives and Data Sources…………………………………………...9
KPIs and Data Sources……………………………………………………………...11
Biases…………………………………………………………………………………..12
Data Analysis………………………………………………………………………….14
The 60 second story…………………………………………………………………18
Display and Email Campaign Strategy…………………………………………...19
Audience Category 1………………………………………………………………...19
Audience Category 2………………………………………………………………...20
Display and Email Content…………………………………………………………24
Audience Category 1………………………………………………………………...24
Audience Category 2………………………………………………………………...27
Test and Control Plan………………………………………………………………..31
Endnotes……………………………………………………………………………….34
----------Executive Summary----------
The work in this document represents the result of six weeks of effort expended
to complete the Capstone Project for the University of Illinois at
Urbana/Champaign Digital Marketing Specialization through Coursera. The
project is designed to help the student apply the principles he has learned in the
previous five courses on Marketing in a Digital World, Marketing Analytics in
Theory/Practice, and Digital Marketing Channels (Landscape and Planning).
Specifically, students enrolled in the Capstone will be working to help the client,
Grainger, create a digital marketing plan. The desired goal of Grainger’s multi-
channel digital marketing campaign to increase sales of Bosch power tools by
10% on Grainger.com. After completing this Capstone, the student will
successfully be able to:
----------Problem Statement----------
To design a multi-channel digital marketing campaign for the client, Grainger, as
they target a sales increase of Bosch Power Tools by 10% on G
rainger.com.
The client wants the campaigns to focus on display advertising and email for this
project.
Grainger is a firm that supplies MRO (Maintenance, Repair, and Operation)
products. They provide anything that a firm may need which may not become
part of the final product. The supplies can be procured through Grainger.com,
from 370 branches across the USA, or over the phone. They are a
business-to-business (B2B) company and have a global footprint with many
subsidiaries in different countries across the globe. Even though Grainger is a
B2B firm, it is actually very similar to a B2C firm, where they market to the end
consumer as well. Traditionally, Grainger would have done marketing campaigns
by itself over various platforms such as search ads, displays, social, etc.
Recently, they have started looking at partnering with their big suppliers to
conduct joint promotional campaigns. Bosch Tools is one such supplier. Bosch
Tools, a unit of Bosch, supplies power tools to Grainger, and Grainger is one of
the main B2B resellers of Bosch. Bosch Tools has several other B2C online
partners and a few B2B partners as well.
Grainger and Bosch Tools are partnering together to explore ways to increase
sales of power tools. They would like to increase sales by 10% by working more
closely to sell more products to existing customers, find new customers, and sell
across product categories as well. Boschtools.com is itself a consumer-facing
website and has data on customer behavior, and Bosch is sharing this data with
Grainger.
In this Capstone, our task will be to present a campaign to the Grainger Digital
Marketing team on how to increase the awareness and sale of Bosch power tools
Digital Marketing Capstone
5
The final output will be a digital campaign strategy document that helps answer
the following prompts.
Question 1: How can Grainger increase sales of Bosch Tools power tools on
Grainger.com to customers who first visit Boschtools.com? Consider the
scenarios listed below.
Question 2: How can Grainger cross-sell/up-sell more Bosch products from
categories beyond power tools to its existing customers? You can assume that
these existing customers have already bought Bosch brand tools on
Grainger.com.
Digital Marketing Capstone
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Scenario 1: Audiences that visit Boschtools.com, look at a power tool (for
example a drill), but do not visit Grainger.com
CDJ Phase - Initial consideration set phase. Grainger.com might not be in their initial
consideration set.
Scenario 2: Audiences that visit Boschtools.com, look at a power tool, and then
visit Grainger.com, log in to Grainger.com, and visit the power tools category
CDJ Phase - Active evaluation phase. Customers are looking for the products
that could match their required price and quality.
Digital Marketing Capstone
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Scenario 3: Audiences that visit Boschtools.com, look at a power tool, and then
visit Grainger.com, log in to Grainger.com, and visit the plumbing category but
not power tools
CDJ Phase - Active Evaluation and Initial Consideration set phase. Audience
may not have the purchase intent or might be interested in buying plumbing tools
rather than power tools.
Analyses
Scenario 1 Analysis - Clickstream analysis can be done on Boschtools website
to see which product demographics are they seeing, engagement time, bounce
rate, etc. Web scraping can also be done to view user performance on a very fine
scale.
A display ad can be done to mention that Bosch power tools are available on
Grainger website. This is to build awareness as consumers might not know it.
They can also be asked to sign up for a newsletter and then retargeted based on
the email list in the database to bring them back to Boschtools website. Or an
email ad can be done to inform them about the sales of Bosch tools on Grainger
website.
They can do comparative pricing and show USPs to lure customers. If they are
seeing cart abandonment, they can invite users to give feedback. Also, after
purchase, users can be asked to join communities.
Scenario 3 Analysis - Again we have the clickstream analysis and web scrolling
data. Analysis needs to be performed on the user search history and the product
demographics the audience is interested in. And again the newsletter and
retargeting. They can also be asked to give feedback if cart abandonment is
seen. they can also be shown display ads on power tools to inform them about
the section.
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Scenario 2 - The business objective here is improving sales process and
influencing consideration as there might be chances that the buggy payment
process eventually results in the user declining the transaction and ultimately the
product. Also ads also need to be monitored so as to see if they are performing
well or not.
consideration 3. Do my products
. satisfy consumer
needs?
Biases
To eliminate this bias, I try to target a variety of audience and include more
demographics so that sampling does not lead to bias in my data.
3. Interpretation Bias - There can be interpretation bias when the data that
has been analysed. The main goal is to increase sales of Bosch power
tools on the Grainger website. If any person directs the analysis based on
the outcomes that s/he might anticipate, then there can be an
interpretation bias.
This is the bias that can lead to the most damage to the output of my
analysis. This is caused when the analyst tries to find patterns in the data
s/he has collected. This leads to more propensity for interpretation bias.
For example, if I am getting more click through rate and more email
signups on Grainger website, then there are chances that these both might
be interconnected and have correlation. But the important thing is, even if
they have correlation, there is no certainty that one thing is the cause of
the other. To remove this bias, I need to conduct a confirmatory analysis
so as to make sure that the insights I am deriving are in harmony with the
consumer voice.
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----------Data Analysis----------
Overall, Grainger gets revenue from paid ads. Most of their orders are post view
and not post click. To increase sales of Bosch tools on Grainger by 10%, some
points need to be focused on.
If you can
notice, the
relation
between ad
spend and
clicks is near
linear. Slope of
this chart needs
to be improved,
i.e., more clicks
per spend.
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The audience who visit only Bosch tools and Bosch tools and Grainger constitute
about 0.1% of total ROAS. This audience needs to be focused on as they
constitute a loss situation for Grainger.
This audience needs to be targeted with email campaigns and display ads so as
to make them familiar with the Grainger website and decrease this percentage
from the total audience. This analysis would be inferential.
According to this
chart, Sunday and
Saturday, least
sales are
generated.
Spending is least
on these days, but
return is also least.
The highest ROAS
is seen on
Thursday.
Digital Marketing Capstone
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Their main source of traffic from social media is Facebook. Thus, even if they
are not getting much attention from these channels, the audience does pay
heed to their content. More data from Facebook Analytics can help understand
this audience more better. But most likes and engagement is seen on video
posts on these channels, as in YouTube where they get a good amount of
videos.
Digital Marketing Capstone
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Main traffic to
their site is by
Paid SEO, as
Akin Tosyali
already
mentioned in
the Capstone
Introduction.
And this could
be seen in this
chart as well.
Digital Marketing Capstone
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Then there are display ads. Targeting based on the day, more detailed
targeting and exploratory analysis can help this to increase and also the
total traffic as well.
Based on causal analysis, insights can be derived through the sales qualified leads
and CTR. Causal and descriptive analytics can help derive relation between two or
more KPIs.
For these customers, who are new to Grainger website, bombing them with ads
won’t be a good option. These people can be shown a template about a sale of
Bosch tools on the top of the page.
A sale banner of Bosch power tools can be shown at the top of the page. Once
they are familiar with the website, then comes display and email ads.
They can be shown a display ad after they leave the website. This will help in
influencing consideration.
When they return to the site, they can be asked to sign up for promotional offers
or newsletters. Then as they submit their emails, then comes email retargeting.
Digital Marketing Capstone
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These customers can be retargeted with email and display ads. Like I already
mentioned in the previous case, they can also be shown a sale banner at the top
of the page. They can be emailed promotional offers about the sale of Bosch
tools.
One thing that can be done in both these cases is giving coupons and
scratch cards for the sale of Bosch power tools. These coupons can be of
limited time validity and would offer cashback or discounts on Bosch
products. Also, they can be given access to Grainger or Bosch
communities or special perks once they buy Bosch power tools on the
website.
One thing that can be done for this scenario is that as these have visited
Boschtools.com first, a template about their sales on Grainger can be
shown.
Then, they can be shown a display ad about the sale of Bosch Tools on
Grainger.
This section needs to be targeted carefully. They are at the Grainger website and
are pretty much like the Audience Category 1 case 1 except they know about
Bosch and Grainger both. So it would be easy to tell them about Bosch sales on
Grainger and influence their consideration. They can be shown display ads about
Bosch limited time sale and display ads on the same.
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This is the Bosch brand page on Grainger and should be the landing page of the
display ad. These ads would be for lead generation and sales, as these
audiences are already aware about Bosch and Grainger. Email promotions
should tell about any upcoming sales or coupons.
This audience is that fraction which has been wrongly targeted. There was a
mistake understanding their intent of purchase or the category they are
interested in. This audience can be sent emails about Bosch power tools on
Grainger and any newsletters too if they have registered, but spending dollars on
display ads for this audience won’t be a good option.
There are chances that this audience might be interested in the upcoming future
but that would be a future scenario.
Digital Marketing Capstone
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Bosch reflects the diversity and individuality of life and their products. It
symbolizes the Bosch brand promises: quality, global partnership, fascinating
products, and responsibility. Thus, the display ad messages on Facebook or
Google should be aligned with the same.
This type of
banner can be
shown to them
about Bosch
tools on
Grainger. If they
have a look at
power tools,
they might be
interested in the
section.
Digital Marketing Capstone
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Couple of emails a
week are good for the
same.
This type of ad can be shown displaying the advantages of Bosch power tools
over others and why should the customers prefer Bosch tools over others. Not
only in the display ad, a comparative pricing should also be mentioned in the
email as shown below.
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This type of
letter can be
sent to the
audience stating
how their
products are
better than the
others. Also, if
possible
comparative
pricing can be
done to lure the
customers into
the power tools
section. Such
email can be
sent 3-4 times a
week.
As already mentioned in the previous task also, this audience does not have
purchase intent of power tools, or may be interested in buying the plumbing
category of tools. So spending dollars for this category won’t be a good option.
We can do emails for this category to inform them about the power tools section,
but spending dollars for display ads won’t be logical.
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1. For the first objective - The data that would be collected would be
quantitative and would be the analytics from Google Analytics. Primary
research needs to be conducted in order to determine whether or not
improvements can be made in the ux of the landing page of the display ad.
As I mentioned, CTR needs to be improved upto 2%, which is the industry
average. And this can be easily achieved by the use of good graphics and
ux improvements. Also, the bounce rate needs to be decreased upto 30%.
Also surveys can be conducted to know the user feedback upon the
changed or improved user interface of the website. This would help in
knowing the consumer voice about any changes. Also, Google Scholar
can be used to read the latest articles on Display ads and Grainger can
make such improvements to improve the click through rate.
3. For the third objective - This objective would be difficult to answer, and
hence needs detailed research for accomplishment. For this consumer
voice needs to be heard for taking any further actions. Survey tools like
Google Forms or S urvey Monkey can be used to conduct surveys. The
question in the surveys can be open ended or a mix of both open and
closed ended questions. This will help in removing any questionnaire bias
that could be present. Industry data also needs to be collected from
websites like Nielsen or Experian to dive into the market. And also,
consumer discussions need to be monitored, just like the previous
objective. This could be through social media monitoring or brand mentions
on Twitter or Facebook. Tools like H
ootsuite can be used for the same.
Testing Effectiveness
For testing the effectiveness, Grainger can conduct A/B testing for their email
campaigns and Google Analytics for their display ads. For example, for display
advertising, they can make 2 groups of 100-200 random people and show them
two different versions of the same ad and see how they are responding to it.
They can measure KPIs like and click through rate to see which one performs
better.
For emails, they can do keyword manipulation on emails and send it to different
audiences with utterly different demographics. Then they can see which
keywords suit which type of audience and can measure KPIs like open rate to
test different types of keywords for different emails.
3916 words
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Endnotes
1. www.ubersuggest.com
2. www.trends.google.com
3. www.alexa.com/siteinfo/grainger.com
4. www.coursera.org/learn/digital-marketing-capstone/supplement/dvR2
N/about-the-client
5. www.grainger.com
6. www.annualreports.com
7. www.datainsightspartner.com
8. www.grandviewresearch.com
9. www.wikipedia.org
10. www.boschtools.com
11. www.websiteiq.com
12. www.bosch.com
13. www.coursera.org/learn/digital-marketing-capstone/supplement/dv
R2N/about-the-client
14. www.alexa.com/siteinfo/boschtools.com
15. Preparing for the Analysis Journey Part 1 -
https://www.coursera.org/learn/digital-analytics/lecture/487oL/lesson-
2-preparing-for-the-analysis-journey-part-1
16. Preparing for the Analysis Journey Part 1 -
https://www.coursera.org/learn/digital-analytics/lecture/487oL/lesson-
2-preparing-for-the-analysis-journey-part-1
17. Preparing for the Analysis Journey Part 2 -
https://www.coursera.org/learn/digital-analytics/lecture/xOQUP/lesso
n-2-preparing-for-the-analysis-journey-part-2
18. Following the MAP Part 1 -
https://www.coursera.org/learn/digital-analytics/lecture/6naks/lesson-
1-following-the-map-part-1
19. Following the MAP Part 2 -
https://www.coursera.org/learn/digital-analytics/lecture/7mSyF/lesson
-1-following-the-map-part-2
20. Data, data, Everywhere Part 1 -
https://www.coursera.org/learn/marketing-analytics/lecture/L8nLS/les
son-6-data-data-everywhere-part-1
21. Data, data, Everywhere Part 2 -
https://www.coursera.org/learn/digital-analytics/lecture/anrjJ/lesson-4
-data-collection-part-ii-structured-data
Digital Marketing Capstone
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28. https://www.automotiveworld.com/news-releases/new-bosch-bran
d-identity-innovation-fascination-emotionality-brand/
29. https://contentmarketinginstitute.com/developing-a-strategy/
30. https://blog.hubspot.com/marketing/content-marketing-plan
31. https://act-on.com/learn/e-books-guides/creating-a-content-market
ing-strategy-6-best-practices-that-work/
32. Market Research -
https://www.redandyellow.co.za/content/uploads/2017/11/eMarketing-
Chapter-4-Market-Research.pdf
33. https://www.redandyellow.co.za/content/uploads/2017/11/eMarketi
ng-Chapter-4-Market-Research.pdf
34. Glossary -
https://www.coursera.org/learn/marketing-plan/supplement/zHe6B/glo
ssary
35. https://www.coursera.org/learn/digital-marketing-capstone/supple
ment/bNjMY/problem-statement