Title: Title: Emarketing Strategy
1WMES1103 STRATEGIC MANAGEMENT OF INFORMATION
TECHNOLOGY
Title E-marketing Strategy (pay-per-click
advertising)
- Group Member
- Hoo Kah Foong WEK040043
- Lee Way Nah WEK040476
- Lee Yit Teng WEK040078
2Introduction
- What is e-marketing strategy?
- E-marketing strategy is a fundamental of a
marketing plan aim to maximize Return On
Investment (ROI) by targeting only those who are
potential customers for an organization in the
Internet. - E-marketing strategy can help
- Identify the best target market segments
- Develop the right marketing programs
- Attract and retain profitable customers
- Put in place the processes and people that need
to have a productive and cost-effective marketing
team.
3Proposed eBusiness
Florist.com This company is a florist and flower
shop that serves and fulfill all customers'
floral needs, regardless of the occasion with the
online flower shop. In order to provide a more
efficient service to the clients, the flower shop
will provide a delivery services to customer. To
attract more customers to visit to the site,
pay-per-click advertising is a suitable strategy
for a new company to promote their website with
getting a top ranking in search engine.
4Vision
The Florist is committed to very high standards
and a great deal of care into each order and
become one of the most influential market leaders
of floriculture industry via electronic marketing
strategy in Asia Pacific Region. Slogan, Flower
for Everyone and Everywhere.
5Mission
The mission of Florist is to prepare every flower
order using the freshest, high quality flowers
which every catching combinations are designed to
tempt the senses with evocative colors and scent
and make a very special gift for family, friends
or make the perfect personal treat.
6Objectives
- Our main objectives
- to conduct transparent business operations
within the legal, social community, nature and
economical frame work with aims to attain the
mission reflected by our vision. Besides, our
objectives - to maintain gross margin of 25 percent
- to establish annual growth rate of 25 percent
- to expand product family by adding 10 different
kinds of flowers and flowers arrangements
annually.
7SWOT
Strengths
- Product (Product Quality)
- variety of flowers and products from which to
choose - create beautiful floral designs using the finest
fresh flowers combined with scented herbs and
interesting foliages - flower plant collection includes Seasonal
Flowers, Hand-tied Bouquets, Fairtrade Flowers,
Scented Flowers and also Seasonal Plants. - Product features
- Customization allow customers to choose what
they wish. - In-flight care - Flowers coming from abroad must
be sent with care and speed, flowers are often
kept in refrigerated conditions at the airport
and flown in cooled planes and send through
flight in order to save time.
8Strengths (Cont.)
- 2. Man Power (Creativity)
- teams of talented florists also develop
special designs for occasions such as
Valentine's Day, Mother's Day, Easter and
Christmas - The flower collection is complimented by other
luxury brands including Rococo Chocolate
Truffles, Abahna, Nougat and LSA vases. We employ
fully trained florists and floral designers who
have wide ranging experience of working with
flowers and flower design
9Strengths (Cont.)
- Management (Customer Service and Quality Control)
- committed to very high standards and a great deal
of care and attention goes into each and every
order - pay particular attention to details such as the
personal message, packaging and delivery - sought out the highest quality packaging to
create the essential elements of a perfect gift
or treat - offer customers a comprehensive, convenient and
personal 'gifting' service - want every item to look and feel special and to
be as 'personal' as possible so that create a
long lasting impression
10Weaknesses
- Lack of stocks (Unable to meet the peak orders)
- Do not have enough stocks to meet the order since
the flower cannot be stored. - Fraudulent of payment
11Opportunities
- Increase in demand
- The average Asia Pacifics household gave 4
percent of its total spending to gifts and more
than 30 percent of them are spending in flowers. - AFTA, WTO, ASEAN free trade association
- provide more trade opportunities for imports and
exports, easy for new investors enter into the
market, less tariff imposed, enrich the supply
chain availability lower the production costs
and strengthen the distribution channel.
12Threats
- High degree of competition
- Dynamic change in climate
- Substantial increase in petrol oil price brought
to highly impact to production and delivery cost.
13- What is Pay-Per-Click Advertising?
- Pay-per-click advertising (PPC) is one of the
types of e-marketing strategy. PPC is a premier
way of advertising on the internet that allow
companies to determine- - The exact copy the companies want to run on their
advertisement. - Exactly which keyword searches that they want to
display on the advertisements. - The ranking of the advertisements in the search
engine. - - Exactly how much it will cost per click.
A well managed PPC advertising will bring traffic
that achieves companies goal, or desired
outcome, whether it is to publicize an event or
sell goods and services.
14Objectives
- Obtain quality traffic
- Ensure that visitors are converted into
customers - - Stimulate action that brings revenue
15Example goClick.com
16Six easy steps to use pay-per-click
advertising- Step 1 Create an Account Step 2
Log into Your Account Step 3 Add Keywords and
phrases to bid for top ranking in
search engine Step 4 Fund Your Account (payment
based on debit account
system) Step 5 Adjust Your Bids to make sure
you are in the optimum position with
the ability to pay for it Step 6 Start Seeing
Results
17In order to obtain a good result (top ranking),
it is depend on- - Popularity of the selected
keyword phrases - Relevance of keywords to the
product - What position companies are listed in
under each keyword phrase - How interesting the
site description is to a searcher
18Cost
Initial Bid set to the default, which is "0.01",
recommended 0.10 to ensure maximum exposure.
Below is an example of calculating the cost of
PPC advertising Let's say that Florist.com
receives 100 visitors to the site, and that of
every 100 visitors, 5 visitors buy something. The
company also knows that on average when a
customer buys something, they make 10 profit.
That means 5 paying customers x 10 profit per
customer 50 profit 50 total profit / 100
visitors 50 cents-per-visitor profit Using
simple math, we see that even though not every
visitor buys something, on average a visitor is
worth 50 cents profit for the company. That means
that they can afford to pay up to 50 cents per
click to "break even". If the company pays any
more than 50 cents per click, they will lose
money if pays less than 50 cents per click,
they will make money. The company may decide that
they wants to spend, at most, half of their
profits on advertising. This means the company
wants to be listed as high as possible while
paying 25 cents per customer.
19Advantages
- Can generate traffic right away. It's simple
If a company able to spend the bids, it can get
top placement, and potential customers will see
the website first. If visitors are searching for
the key phrases on which company had bid and
placed a well-written ad, it will get clicks the
moment the ad is activated. - Fast With some
systems, such as goClick.com, Google and etc,
target traffic can be generated within a few
minutes of opening an account. - Agile (fast and
adaptive) Where natural search engine marketing
or other forms of advertising can lag weeks or
months behind changing audience behavior, you can
adjust most pay-per-click campaigns in hours or
days. That provides unmatched ability to adjust
to market conditions. - Can be bargain
Sometimes, visitors can find keyword 'niches' for
which the top bid is around 0.10 - in that case,
PPC is a great option, because PPC can generate
traffic to the site for a fraction of the cost of
any other form of paid advertising.
20Security Measure
- Blocking "multiple clicks" from the same visitor
is one of the most fundamental click blocking
technologies. - Evaluate the quality traffics rather than
quantity. Quality traffic refers to traffic
that is well-targeted which means that the
visitors are - looking for what the companies are advertising
- enter the site and look around
- complete a transaction
- come from countries and regions that the
companies are - interested in
- return to visit the site again
21Conclusion
PPC advertising bring a lot of advantages for the
companies to obtain the highest placement in
search engine at the same time to attract more
potential customers to visit their website. It is
a simple and easy strategy to advertise a website
by paying a small amount of bid price, with a
great Return On Investment (ROI) to the companies.
22Thank You