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MARK5814 Week 1 (T2-2024) Lecture - 2 slides per page
MARK5814 Week 1 (T2-2024) Lecture - 2 slides per page
to Digital
Marketing
MARK5814 Digital Marketing
T2-2024 Week 1 Lecture
• SMART objectives
RACE Framework
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Reach Act Convert Engage
Grow your Prompt Achieve Encourage
audience interactions sales repeat
using paid, to online or business
owned encourage offline and
and digital subscribers loyalty
media and leads
Digital Audiences
• Target markets, segments and personas
• Business-to-consumer
• Business-to-business
• Consumer-to-consumer
Digital Devices
• Smartphone
• Tablet
• Desktop
• Smart speaker and in-home
• Digital TV and out-of-home signage
Digital Platforms
• Meta/Facebook
• Apple
• Microsoft
• Amazon
• Alphabet/Google
Digital Media
• Paid
Ø These are bought media where there is an investment to pay for
visitors, reach or conversions through search, display ad
networks or affiliate marketing.
• Owned
Ø This is media owned by the brand.
• Earned
Ø Publicity generated through PR invested in targeting influencers
to increase awareness about a brand.
Ø Word-of-mouth that can be stimulated through viral and social
media marketing, and conversations in social networks, blogs
and other communities.
Paid, Owned & Earned Media
Digital Data
• Customer profiles
• Customer behaviours
• Customer value
• Communications preferences
• Big data
Digital Technology
• Software-as-a-Service
• Martech including marketing clouds
• Marketing automation
• Artificial intelligence
• Augmented and virtual reality
https://www.smartinsights.com/digital-marketing-platforms/essential-digital-marketing-tools-infographic/
Key Challenges of Digital Communications
• Complexity.
• Responding to competitors.
• Responding to changes in technology and marketing
platforms.
• Cost.
• Attention.
Digital Marketing Strategy Development Process
Situation
analysis
Control Objectives
Tactics &
Actions Strategy
Situation Analysis
• Where are we now?
• Current performance
• Opportunities
• Competitor benchmarking
Objectives
• Where do we want to be?
• Select KPIs
5Ss Objectives
• Sell
Ø Grow sales.
• Speak
Ø Get closer to customers.
• Serve
Ø Add value.
• Save
Ø Save costs.
• Sizzle
Ø Extend the brand online.
Strategy
• How do we get there?
• Marketing mix
• 90-day plans
• Resource allocation
• Media schedule
Marketing Tactics
Example
Planning
Example
Timeline
Example
Budgeting
Control
• How do we monitor performance?
• Regular review
• Reporting platforms
• Qualitative feedback
Example
Campaign
Measurement
Lecture Summary
• Defining digital marketing