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2. Problem statement:
To study the impact of digital marketing strategies targeting millennials.
DEPENDENT VARIABLE
INDEPENDANT VARIABLE
Act & Convert: After creating awareness and brand image, marketers needs to
“ACT & CONVERT” of what they have achieved so far. This can be simply
done by powerful content creation and design effectiveness which needs to be
consumer-friendly that can lead your consumer to make a purchase decision.
Whether the brand is targeting through web or social media, in both the cases
design effectiveness is vital to engage your target market.
Engage: Last but not the least, “ENGAGE” your customers by building better
customer relationships so that you can become their foremost choice for future
purchases as well. Most importantly, something on which digital businesses
need to work hard is customer support policies because your customers can
not touch or see the product physically in the online world so they can come
up with number of queries especially when you’re targeting Millennials,
which needs to be responded efficiently. Future deals & discounts also need to
be communicated properly on priority basis with your past-customers so that
you can retain those by making them realize how important they are for your
business.
Primary data will be collected from the millennials. Qualitative data collection method will
be used for the research study and a comprehensive questionnaire will be developed on close
ended likert scale method in order to collect the data from the respondents. Online survey
form will also be made in order to collect the data. All the respondents will be assured that
the data will be completely confidential and is being collected for the use of research purpose
only. The questions will be related to impact of digital marketing strategies targeting
millennial purchase decisions.
Sampling Technique
The “Unrestricted non-probability sampling technique” will be used for the purpose of data
collection because we have a particular target that is millennials generation.
The sample size of 100 respondents will be surveyed. “Millennials online purchase
decisions” is the independent variable while the “Effective digital marketing strategies” is the
dependant variable.
8. Research plan
Close ended questionnaire will be distributed among the group of millennials in order
to gather the data which will be later analyzed on SPSS.
Regression statistical technique will be used to analyze the collected data to find the
results regarding the impact of digital marketing strategies targeting millenials
followed by the interpretation of results.
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