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Digital Marketing and Social Networking For E-Businesses Course Code: MKT 330 Section: 01
Digital Marketing and Social Networking For E-Businesses Course Code: MKT 330 Section: 01
BUSINESSES
Course Code: MKT 330
Section: 01
Business Name
ASHWAGANDHA
Product Category
Shampoo
Submitted To
Ehfaz Nowman (EHN)
Department of Marketing
Submitted By
Team: Seven Deadly Sins
Respected Sir,
We present to you the report that we’ve been asked to submit develop a new Business and
serve the target customers exclusively through a new Digital Platform and serving the
Bangladesh market. Our group has assigned with a product which is a shampoo. We are
coming up an objective to fulfill the market gap.
We have named our product ‘Ashwagandha’, and have decided to follow a bricks and clicks
internet channel strategy for the business. We express our appreciation for providing us the
opportunity to work on this project. Working on this project has helped us learn new
experiences in the field of digital marketing and social networking for Digital space.
May we, therefore, pray and hope that, according to your instructions, we have accomplished all
the prerequisites of the report writing. In this situation, we are incredibly sorry if we have made
any error. We always trust you to fix our errors and direct us respectively.
Sincerely,
Executive Summary
This paper is intended to evaluate and apply the tactics and ideas taught in the Digital
Marketing course (MKT 330). It is a proposed our product to meet an unmet consumer need
for a creative and revolutionary product in an existing sector. In this report we are come up
with a product a product which is an organic shampoo made in Bangladesh and serve to the
customer at a reasonable price. Our product name is ASHWAGANDHA which is an organic
shampoo. This whole report talks about using digital platform. We are targeting the people of
urban areas of Dhaka city who are more conscious about natural product and accept toxic free
product. Then we are going to position our product with our tagline ‘Care your hair
naturally’. In this paper there are two segments firstly we are talking about the situation
analysis about ASHWAGANDHA and also done environment analysis for our product. We
are come up with an idea to fulfill the market gap. Then we are talking about control
mechanism which is done through Google analytic. The second part of the report is all about
digital promotion and this promotion strategy is all about online promotion. This part is most
important part our main aim is to targeting people who are our desire customer. In the
promotion part we are talking about the internet and IMC which is web 1.O. In this section
we are chose google ads for our advertising. For our advertising we select both search
network and display network. In the search network we go for paid searches ad and for the
display network (GDN) we are discuss about some advertising campaign with Google ads.
ASHWAGANDHA is also follow the Google funnel model. Then we are talking about
advertising on social media which is web 2.O, here we are run some social media campaign
on Facebook, Instagram. We are try our best reach the right people, right place and right
time, using digital platform. ASHWAGANDHA is expected to become a very good and
sustainable company in the near future if the ideas created by this company are properly
implemented.
Table of Contents
Introduction and situation analyses......................................................................................................1
Product Category: Our product category is shampoo........................................................................1
State of that category in the Bangladesh market..............................................................................1
Environment Analysis and Problem Identification.................................................................................1
PEST Analysis.....................................................................................................................................1
SWOT Analysis...................................................................................................................................3
Cross reference of SWOT analyses................................................................................................4
Problem Identification.......................................................................................................................6
Objective and Strategy..........................................................................................................................6
Target market....................................................................................................................................6
Objectives:.........................................................................................................................................6
Developing a strategy using 8P analyses...........................................................................................7
Control Mechanisms..........................................................................................................................8
Promotional Platform..........................................................................................................................10
The internet and IMC: Web 1.O.......................................................................................................10
Web 2.0: Platforms to Promote.......................................................................................................13
References...........................................................................................................................................16
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Political
Stable political situation: Bangladesh has a stable political situation with few
unorganized unrests for last couple of years. This is a positive sign because for any
company to run its operation smoothly.
Stable tax rate of 15% (since 1991): Bangladesh has a stable tax rate of 15% since
1991 which indicates more profit as sales has been increased over time but tax rate
remains the same.
Economy
Interest rate: The interest rate usually varies between the range of 16-18% from
financial institution to institution.
Social
Technology
As we are planning to serve our target market through a digital platform, technology has
turned out a very important factor in our case. The number of smartphone user has been
increasing among the people of most ages (16-50). Most of these smartphone users have
access to internet which makes it convenient for a company like us to serve those people
through a digital platform.
Another important point is due to the recent pandemic, ecommerce platforms got a boost.
Now more and more people prefer to purchase their daily stuff from online. This creates a
positive sign for our brand.
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SWOT Analysis
Strength Weakness
Full organic Low or zero brand recognition
Lower price relative to those offered by No existent brand loyalty
competitors Zero market share
The usage of digital medium to reach our Zero cost advantage (as our learning
exact potential customers more and experience curve is flat)
efficiently
E-commerce
First Bangladesh based organic shampoo
manufacturer
Opportunity Threat
Potential demand among an attractive Established competitors
portion of customers of the market (if we Threat of new entrants into the
can offer in a reasonable price range) organic category (as there are
Increased smartphone user with internet established shampoo companies
access competing in a different strategic
People's preference for purchasing from group such as Sunsilk, Dove, Pantene
e-commerce sites has been increasing etc.)
Pandemic (a we’re serving our target
customers through digital platform)
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We’re offering organic shampoo in a reasonable price range (600Tk for a 400ml bottle of
shampoo). On the other hand, there is a potential demand among an attractive portion of
audience who are interested in organic stuff for a reasonable price range. The demand of this
particular segment is matched with what we are offering. So we can serve this particular
segment.
People’s preference in terms of purchasing from e-commerce sites has been increasing. This
is an opportunity. But there are already established competitors competing in the same
strategic group. They have been offering cosmetics through their digital platforms for a
while. As a new brand, we don’t have that benefit of learning and experience effects.
ST: Strength-Threats
Currently we’re good at offering organic shampoo in a reasonable price range. We are able to
offer a better deal than our competitors because in this strategic group, there is no other
Bangladeshi based manufacturer of organic shampoo. But there are a lot of synthetic
shampoo manufacturers in Bangladesh with heavy resources such as Sunsilk, Dove, Pantene
etc. They can enter into the market we’re competing and grab the market from us. So before
those companies entering into the market, we need focus on creating a customer base. In
order to do that, we need to provide different variants of organic shampoo in a far reasonable
price range than the imported ones such as The Body Shop, OGX, WOW etc. It will allow us
to defend our position in this market whenever any competition comes with similar advantage
that we have.
WT: Weakness-Threats
We need to compete with brands that have global recognition. But as we’re a new brand, we
don’t have any brand recognition. This may work as a barrier for people to try our brand over
our competitors.
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High price
We want to
position our
brand here in
the market
Synthetic Organic
low price
Page |6
Problem Identification
There is a potential demand in the market for organic shampoo. There are a lot of brands
offering organic shampoo as well. But the problem is all of them are priced so high that these
are out of reach for most of the people. The reason of this high price is because all these
organic shampoos that are available in Bangladesh are imported. So there is a gap in this
market. We want to close this gap by offering organic shampoo in a reasonable price range
relative to those offered by the foreign brands. As we are a Bangladeshi based shampoo
manufacturer, we can offer such organic shampoos in a better deal. So that people from
middle class can also afford them along with the upper class.
Objectives:
“Ashwagandha Shampoo” is going to set SMART marketing objectives. SMART stands for
specific, measurable, attainable, relevant and time specific. The objectives will also be based
on the 5S’s. These are the benefits of internet marketing and Ashwagandha will set its initial
objectives to use these benefits. Therefore, the marketing objectives of “Ashwagandha
Shampoo” are given below
Sell: Ashwagandha’s sell objective will be to increase its sells of organic shampoo
by 10% within next 12 months.
Serve: Ashwagandha’s serve objective is to increase customer satisfaction in
buying and using Ashwagandha organic shampoo by 15% within next 8 months.
Speak: The objective of the company is to increase customers’ engagement with
the company by 18% within next 10 months through arranging hair care shows,
sending hair care tips via mails and SMS etc.
Save: The objective is to reduce fixed costs such as cost of warehouse, delivery
cost etc. through optimizing the inventory of its products by 10% in next 12
months.
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Price: As we are introducing organic shampoo for the first time, which is made in our
country. So the cost of manufacturing will be a little bit higher. So the price will be a little bit
higher but less than our competitors. We are going to use cost based pricing for our product.
It means after calculating all the costs we will add 10% profit to it. We have estimated to
price 600tk for a 400ml bottle of shampoo.
Place: We are going to hold our whole operation through online. We will have a website
through that website customers will be able to order our products very smoothly. So we will
follow majority clicks as our whole revenue streams will come through online. Our brand
also falls under pure play, as the brand born online and everything is done through online.
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Promotion: To reach the customers “Ashwagandha” shampoo brand need to promote its
product, so that its potential customers would come to know that this kind of shampoo brand
exists. So, for the promotion the company is going to use both Web 1.0 and Web 2.0.
People: For our brand, we will make sure that we hire people as employees, who are
responsible, know how to handle the websites and be able to have a good conversation with
our customers. We are hiring these kinds of people, as they will be the representative for our
brand. Because of their communication skills and handling the website will help us to earn
brand loyalty. Eventually it will affect positively on our revenue. Besides that, we will also
provide some training to our employees so that they become perfect. The internal
stakeholders of “Ashwagandha'' are the owners, suppliers, partners, employees. The external
stakeholders of the company are the customers, the government and the competitors.
Process: The “Ashwagandha” brand’s aim is to make sure its customers have a good
experience. To make sure that, the company will provide all relevant information like about
the product, which ingredients are being used to make it, the price etc. through its website.
For the customer’s convenience, the website will be designed in such a way that customers
find it easy to access and navigate. The company’s website will also have a search box,
shopping cart, review option and also a chat box so that customers can ask anything to the
moderators or can also complain about the product or service, if they find any problem.
Through the review, option customers will be able to see what others think about the product.
So the customers just have to go to the website then need to search for the product then need
to click the buying option and have to choose how they are willing to pay like through cards,
bkash or cash on delivery. Soon the company will launch a mobile application.
Physical Evidence: As “Ashwagandha” company is just going to operate its whole process
through the website, then it needs to focus on the outlook of the website. This website will
allow the visitors to view the product, learn information about the product and be able to get
them at their home with just a few clicks. Besides the search box, chat box, review option etc.
there will be another option through which the customers will be able to share their opinion
about the product, which will help the company to improve its product as well as will be able
to know about the customers’ choices. Through the website site visitors, customers will also
be able know if the company is coming up with something new.
Partner: As it is a new business, so we have decided to deliver the product to our beloved
customers through third party logistics for example Pathao. For convenience, we will also
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give options like the customers can also pay through bkash, Nogod. Our suppliers are also
considered as an important. Therefore, Pathao, Nogod, bkash, suppliers of raw materials are
the partners of “ASHWAGANDHA” company.
Control Mechanisms
The performance metrics we planning to use to measure our performance are discussed
below:
Financial Metrics
It measures a company’s performance on the basis of its sales, revenues, cost reduction, ROI
etc. if a company’s sales, revenue increases, its Return on Investment (ROI) increases or
becomes positive. A positive ROI indicates that the company is earning more money that its
cost. It also shows the company’s market share is growing and making profit.
ASHWAGANDHA company has to use its resources to the fullest and reduce its cost. If it
can do these tasks, it will increase its sales, revenues and the ROI will be positive. It will
indicate that the company’s measure in financial terms is healthy. Thus, no changes needed in
its financial policy.
As we all know that, most of the people in the world are active on different social media.
Therefore, the companies need to be present on these social media so that it can be able to
connect more to its customers. To measure the success of a company, social media plays an
important role. No. of subscribers, like, views, shares, comments are one of the indicators to
measure success. So “ASHWAGANDHA” company need to focus on whether their
subscribers, likes, shares and positive comments are increasing or not. If yes, then it is a good
sign for the company that the way they position their brand, it is perfect that causes them to
earn more profit and brand loyalty. If no, then there must be something going wrong which
needs to be fixed.
Awareness/exposure metrics
Unique visitors: We will count number of new visitors is visiting our website.
Bounce rate: Along with unique visitors, we will check the bounce rate for a
particular ad or webpage.
Impression: We will observe the impression to measure how many times people saw
our ad.
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No of search: We will measure how many people actively search our brand.
Search engine ranking: We will keep an eye on both the ad ranking and search
ranking of our brand on the google SERP.
Share of voice
SOV: We will use the tool called Share of Voice to compare the number of people
talking about our brand against the number of people talking about our competitors.
Action metrics
We will use action metrics such as CTR to identify the number of people who have
participated or gone through a particular action when they visited our website. For example,
we will measure how many times a link was clicked, the number of forms are filled up, no of
purchases are made etc.
Innovation metrics
We will also track the involvement people have with our brand on the digital space. For
example, the hypes regarding our brand among the influencers or the common people.
Promotional Platform
The main objective of promotion through digital platforms is to reach the right people, right
place, at the right time. Promotion using the online platform is less media wastage. Digital
platforms are very good to find similar interesting people. Here our advertising media is
Google. Google has two different categories for the purpose of digital advertising. We are
going with Google Ads which is for advertisers.
A. Search Network: Advertisements may appear on the Google Search Network, which
is a collection of search-related websites and applications. If someone searches for
terms similar to one of the keywords, ad will appear near search results when
advertising on the Google Search Network.
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Paid Searches: This is done through Google Ads. We will allocate a couple of
keywords (Biding) to Google for our website. So, our site connection will show when
anyone looks for such keywords on the Google SERP (search engine result page)
page.
2. Ad extensions
Google allows only 4 extensions for the desktop site and 2 for mobile devices.
i. Site link: Our “ASHWAGANDHA” product and link to our website will
appear at the top of the advertisement. EXAMPLE: https://ASHWAGANDHA
SHAMPOO. com
ii. Structured Snippet: Where we will be highlighting the special aspects of our
business: Ex: ‘Organic Shampoo,’ Here you can get all the herbal and organic
shampoo that will help to heal your hair. All the products are handmade and
premium quality with an affordable price.
iii. Message extension: This will direct to the chat box on the website.
iv. Price extension: This will help to know about the price of our shampoo.
We are also going to use Google Ads to promote our page in the Google SERP (search
engine result page). Like:
B. Display Network (GDN): Display network works third-party websites (a website that
is owned by a publisher). Here non-interactive banner ads will be placed in other
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relevant websites, blogs. Example: Our banner ads in rectangular shape will be
displayed on Prothom Alo’s ‘Lifestyle’ section where people normally seek the
newest update about health and lifestyle. We are doing behavioral targeting there.
Many people who are interested in health care might end up liking our page as well.
Rich Media ads: This includes advanced features of digital marketing ads which
include video, audio, and other product-related ads that will create instructiveness. We
are going to add some rich media ads to engage more of our customers.
Some unavoidable ads that grab our attention while scrolling through Instagram, Facebook
Newsfeed, and These ads will be sponsored by us.
Viral marketing: Here we are going to executive a promotional campaign where people
need to share a before and after picture of their hair. This campaign mainly designed to show
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the aftereffect of the customer’s hair after using our: ASHWAGANDHA””’ shampoo. Also,
we are going to use ### hashtags. The 3 lucky winners will get a whole packet of gift
hampers from us.
Video campaign: We have also introduced a video format ad for the third-party
website (the website which supports video format ad).
Search network with display OTP in: We are going to advertise informative ads
in this ad people know the details about shampoo.
ii. The Google Funnel
Awareness
Gain
Considaretion
Drive Action
It can be difficult to create and distribute your own product, but it can also be exciting.
Having a one-of-a-kind product to sell your group or clientele is the first step toward being an
artisan. Natural goods are in high demand these days due to customer concerns about
additives and toxic ingredients in everyday objects. The following are the channels we intend
to use to promote our organic shampoo business:
What platforms our audience uses and what their online habits are will determine the best
way to promote organic shampoo. Regardless, we can cross-promote and use different
platforms. The more coherent and cohesive our message is, and the more our audience knows
about it, the higher the likelihood of interaction. To get the results we want from our next
organic shampoo service offering, try out the techniques mentioned above.
Facebook: For companies, a Facebook page is an excellent free marketing tool. Our pages
enable companies to define themselves by sharing links, photos, and posts on a personalized
page to provide a clearer understanding of a company's personality and character. We still
advertise on Facebook. Facebook ads, which appear in the side columns of the Facebook
homepage, are the company's own type of advertisement. Marketplace Ads are a more
descriptive term for these classic ads.
YouTube: Social media marketers often ignore YouTube marketing. Some people consider
YouTube to be a social media platform. Others see it as more of a video-on-demand service.
In either case, there are a plethora of marketing opportunities on YouTube—especially if our
target audience is there while our competitors aren't. We’re going to try the following for
YouTube marketing:
References
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PhD Essay. (2021, February 13). Sunsilk in Bangladesh. Retrieved from PhD Essay:
https://phdessay.com/sunsilk-in-bangladesh/