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Developing digital marketing channels of SME : case: The Innovation Company

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Academic year: 2023

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The thesis is a functional study that provides proposals and ideas to develop and improve two of the existing digital marketing channels used at the Innovation Company: e-mail newsletters and Facebook. The author based her work on observation and also participation in the work of the client company's marketing team. Personal interest of the author of this thesis regarding social media marketing coincides well with the company's need.

Thus the subject of this thesis, which is the improvement of the use of digital and social media marketing of the Innovation Company by using the channels of e-mail newsletters and Facebook. In fact, becoming active on Facebook can be one of the ways the Innovation Company can differentiate itself from its competitors. Qualitative data for this thesis was collected by observing and participating in the work of the Innovation Company's marketing team and discussing it with the team members.

UL Prospector excludes the competitors, so that for example in the case of the Innovation Company, other cosmetics raw material suppliers are not able to see the company's material. The formulation sheets present the ingredients and qualities of the formulations developed in the Innovation Company's laboratories. Distributors have access to the Innovation Company's intranet where most of the marketing materials, including the formulation sheets, can be found.

3 EMAIL NEWSLETTERS AT THE INNOVATION COMPANY

For Global Cosmetics News, Innovation Company also provides a banner associated with the newsletter of the month, and the banner then runs on the front page of Global Cosmetics News, usually for one week per banner. The banner displays key information about the product in question in a few sentences and is also a link to the company's website. The image below shows one of Innovation Company's latest banners, which is being aired on the Global Cosmetics News website.

Almost 3,000 people receive the English version of the newsletter, and almost 500 receive the French version. This situation occurred in the Innovation Company during the process of writing a diploma thesis and is a good example of inadequate planning, which leads to poor commitment of team members. However, none of the team members noticed a major grammatical error in the first sentence of the newsletter, and the newsletter ended up being sent with an error.

An error in the language is certainly not as serious as an error in the actual content, but it can still be damaging to the credibility of the newsletter as a whole. One solution could be to designate only certain people from the marketing team to be in charge of creating one newsletter. The topics for the next six months would be discussed and decided within the marketing team, possibly with the help of the formulation lab staff.

Considering the content of the newsletters, it should be relevant to subscribers instead of sending emails just to keep regular communication going (Bodnar and Cohen. Originally the idea at the Innovation Company was that each division of the company - color care, skin care and sun care - the source of the newsletter topic would be sequential, so that there would be variety in the topics. Currently the link is very visible (see appendix 2) but first the website visitor has to scroll down almost to the bottom to the page to see the link.

Since the main menu of the website is displayed without scrolling, it is possible that many people visit the page without ever noticing the newsletter subscription link. Also, the links in the newsletters and banners must lead directly to a related web page on the company's website, such as a product description page, rather than to the front page of the TIC website.

4 CURRENT FACEBOOK USE OF THE INNOVATION COMPANY

This may mean, for example, providing solutions to problems that the company knows customers are experiencing. Facebook provides a platform for communication and conversation, and to help create both on their Facebook page, businesses should share content that is “bigger” than the business (Evans and McKee, 2010). Many small and medium-sized B2B companies, Innovation Company being no exception, have very limited resources dedicated to marketing, but an active Facebook page e.g. does not require a large budget.

More than that, Facebook gives a lot of information about the visits to the page, engagement with the updates, etc., which costs nothing. Clear and instant statistics such as clicks to open and profile views can be obtained and analyzed on Facebook, and it is easy to determine what kind of content is most popular this way, and future content can then be adapted to the information. Also, contact information of the company's Facebook fans can be captured and then added to the database of contacts.

After the start, however, the accounts have not been used much, and therefore the other focus area in addition to e-mail newsletters in this thesis is the innovation company's Facebook use. So far, Facebook use has mostly been limited to sharing links to the newsletters, and there are some photos from fairs on the page, but none from recent ones. The page currently has 111 likes, which is a low number compared to the close to 3,500 contacts the innovation company has on their newsletter database of contacts.

On a positive note, the company's Facebook page and the company's website are well connected, referring to the fact that the navigation between them is made very easy. There is a link to the company website at the top of the Facebook page as shown in the image below and on the company website there is a Facebook icon with direct access to the TIC Facebook page. This link is important to make it as easy as possible for people to find their way around both the company website and the Facebook page.

Additionally, links between properties “both ways help Google understand your company's reach and influence” (Bodnar and Cohen, 2012), which is useful when information about how people end up on an Innovation Company website or Facebook page is desired. . As mentioned above, the company's Facebook page is fairly empty and very rarely updated, usually by the Innovation Company's graphic designer.

5 IMPROVING THE FACEBOOK PRESENCE OF THE INNOVATION COMPANY

People want to work with happy people who seem dedicated and excited about their work (socialmediaexaminer.com, 2016), and behind-the-scenes footage is a way to demonstrate a good company atmosphere. When it comes to the length of Facebook videos, the shorter the better. thenextweb.com, 2014). The three videos that are currently on the Innovation company Facebook page are all very long, up to five minutes, in the future the length should be kept to a maximum of one minute per video.

A concrete example of content that Innovation Company could and should share on Facebook is the news of a B2C cosmetics company marketing a product with Innoation Company's raw material in it. Chanel and L'Oréal, both customers of Innovation Company, are certainly not human beings, but as brands they can be considered some of the most notable in the cosmetics industry. The cover image of the company's Facebook page is the first thing people see when they visit the page, as it takes up a relatively large part of the page.

Updating the cover photo will also appear on the News Feed of the Innovation Company's fans, which may lead to traffic on the page. The cover photo that invites people to visit the Innovation Company's stand at the two upcoming fairs. Trade shows are crowded events, but posting a quick photo of the vendors on the stand displaying some of the most attractive products doesn't require any extra preparation.

Innovation Company's Facebook page can be explained briefly, e.g. "to see videos of this product in action, like us on Facebook". When it comes to creating content that is "bigger" than the company (Evans and McKee, 2010), in the case of the Innovation Company this could mean e.g. sharing articles about new cosmetic products and innovations. Since Innovation Company's presence on Facebook is currently very small, posting even once a week, or 1-5 times a month, would be a significant shift for TIC to be more active on Facebook.

However, in the case of Innovation Company, which has only 111 fans, it is not so simple to draw conclusions from the analyzes as other factors may have influenced the popularity of a post, the most important factor is definitely the content of the post. In the calendar, write down the following points about the upcoming posts: the type of post (e.g. a video, a picture, a link to an article), the topic of the post (e.g. a new raw material) and finally , who will help create the content.

6 DISCUSSION AND SUMMARY

However, there are other types of figures that can be measured to assess the value of social media marketing actions, such as numerical key performance indicators, KPIs, which can be e.g. Since the time for writing this thesis was quite limited due to the author's full-time French work schedule throughout the process, the author did not have time to actually implement or test the solutions described in this thesis. Therefore, the effectiveness of adopting the practices discussed in this thesis remains to be proven in the case of the Innovation Company.

However, the internships will really apply as the thesis author continues her work in the TIC marketing team as an employee immediately after the internship period. Completely new digital marketing channels like LinkedIn and Instagram can be re-examined once the current channels have been put under clear organization and planning.

The best times to post on Facebook, Twitter, LinkedIn and other social media sites (infographic). The science of marketing: when to tweet, what to post, blogging and other proven strategies.

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