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Strategy Planning
Company
Date
Casetify online presense is great. SWOT analysis is done based on elements I observed. The marketing plan broke down into three parts:
1. User behaviour ( while user is buying )
2. Owned channel ( after sales happen )
3. Traffic ( before sales happen )
Depends on each stage of the sales cycle should have different stragties to optimize results.
S
W
HC
O
Strong Brand Image
Great presense on different social media
Utilize Owned Channel Maketing
1.Increase ROI and lower Cancel Rate by putting right resource on best converting referral site/portal/chanel
2. Best time/place/device to do different promotions
3. Encourage frequent buyers to convert
1. How long does it take from first visit to make purchase (how many visit?) and why
2. What step drop off? Basket but not purchase?
3. When/where to make purchase (time, date, web,mobile, app)?
4. Referral site
5. Repeated customer, how often?
6. Cancellation rate and why?
1. Cost of aquiring new buyer to determine ROI for paid marketing chanel
2. Create loyalty program
3. Create retargetting campaigns for those didn't convert
1. Bring signed up users visit Casetify
2. Reduce Cancel Rate/Return Rate
3. Increase average order price
4. Drive conversion
1. Newsletter segments, frequency, open rate, content engagement
2. On-site promo code usage
3. Referral programe usage
4. Product recommendation
5. On-site visit path
6. After sales feedback (cancel rate)
1. Create segments for each group of past buyers (newsletter)
2. A/B Test to figure out what on-site promotion/recommendation will work better to drive conversion
3. Reason for cancel/return to improve
1. Each social media channel demographics
2. Each chanel engagment (content/time/where)
3. Cost of running each channel (Operational)
4. SEO ?
5. Paid ads? ROI ? CTR?
1. Futher segment Social Media, create content specifically for each segments
2. Work with different KOL to promote brand ( ex. product review)
3. Events
4. Partnerships
5. Market Place
1. Right content to drive traffice to Casetify
2. Increase CTR / Engagement
Facebook Custome Audience, Google Dydnamic Remarketing, Pefect Audience, and Retention Science are all great.
FB/Google > only on their own media/publishers
Science retention > not enough knowledge for it, seems like its for new users (lookalike, AI bidding)
Perfect Audience > CPM model, manual set up, additional retargeter might have different algorithm to bid, retargter usually charge on cpa/cps model, so additional cost (but operational cost) to max ROI
1. Gather user's special occasions (Birthday, friend's birthday) , recommend products for occasions
2. Create trends for each segments people to follow, change with fashion
3. Annual packages ? Bundles ?
For New Users:
For Returning Users:
1. The cancel rate is high because the check out process is not cleared
2. On-site promo code appears on different spots
3. Referral program button/flows change up a bit
4. Log in UI vs Not-log in UI
1. Free samples for KOL's from different regions to gain exposures
2. Get KOL to write content for casetify
3. Get KOL to write reviews for casetify
Need to carefully select KOLS
1. Different market place offers various promotion tool to promote on their platform
2. Some users are heavily rely on a certain market place
3. Can set target for market place to promote our produts, fixed cost to sell via market place
Global presense:
Amazon, Tmall, Esty, Rakuten, We-chat shop
HK Locals: HKTV Mall
TW Locals: ETMall, UMall, UDN Shopping
Online Shops
Feature our products on our site that match Casetify brand image
Build up afiliate networks
Offline Shops
Feature our products at different shops that match Casetify brand image
EX: HMV, Bestbuy, Mark and Spenser
Kiosk at shopping Mall