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Pages:
11 pages/≈3025 words
Sources:
20 Sources
Style:
Harvard
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 47.52
Topic:

Strategic Digital Marketing Plan Report for Worldwide eBikes

Essay Instructions:

1.General Instructions

1.1 Word Count

• 3000 words, excluding Cover Sheet, Table of Contents, References and Appendices (+ a maximum addition of 2 pages of appendices). Word count should not b exceeded (an allowance of +/ - 10% of the stated value is allowed).

1.2 Referencing

• The Harvard (also known as Author/Date) referencing system should be used for all submissions. For guidance on the Harvard System, please see this quick guide: https://www.abdn.ac.uk/library/documents/guides/qgbus003.pdf.

1.3 Presentation and Submission of Assessment

• The report must be submitted in MS Word format.

• Assessments should be typed using a 12-point font size (Arial), with 1½ line spacing and a 4 cm margin on the right-hand side of the page. All pages must be numbered.

• All figures, charts, diagrams and tables should have a number and clear description and note any source reference(s) used in their creation.

• All figures, charts, diagrams, and tables must be labelled and referred to in your text. Your report must be submitted via MyAberdeen by 12:00 pm Sunday, 4 th June 2023

Note: Late submissions will receive a penalty as per the University’s Regulations and Guidelines

IMPORTANT: ALWAYS RETAIN AN ELECTRONIC COPY OF YOUR ASSESSMENT2

2.Individual Assessment Task

Prepare a Strategic Digital Marketing Plan Report forthe Marketing Director of Worldwide eBikes.

2.1 Background

- Worldwide eBikes is a fictional company; however, this challenge is typical of the kind that an established business might face when looking to expand into new markets.

- As an external consultant appointed by the board of Worldwide eBikes, you are asked to present your recommendations regarding their strategic digital marketing plan for launching their products in Australia, as described below.

Consultants Briefing: Prepared by the Marketing Director of Worldwide eBikes

- The Board of Worldwide eBikes is keen to expand into the Australian market. If we  to pursue this opportunity, we hope to sell bikes both in our e-commerce store and through retail partners.

- We haven’t promoted our products in this area of the world before so we would appreciate your insights and guidance.

- I convinced the board that we should spend some budget on research, and I am delighted to have secured some of your time on this.

2.2 The Task

- You should prepare a written report that I can take to the board. In general, Board members have only a basic knowledge of the Internet. We need a much better understanding of digital marketing and the potential of expanding into Australia if we are to be confident about spending money on this.

- I have prepared a list of questions I would like you to address in your report and look forward to hearing from you soon.

a) Digital Market Opportunity:

What do you think of the current opportunities for marketing eBikes (digitally) in Australia? Is it something we should be excited about, and can you show us evidence to support your opinion? We understand that you can use various online tools to look at search trends and keywords and evaluate the current competition, so we’d appreciate your insights from these. We are interested in research you have personally carried out (not research already done by others).3

b) Persona Research:

We need an in-depth understanding of our potential customers. Please describe the kind of research you would undertake to create ‘buyer Personas’ for the Australian e bike market (you do not need to create the actual persona). Also, please explain three practical benefits of having well-researched personas and how these would assist our business launch there.

c) Short-Term Market Impact:

If we decide to pursue this opportunity, we must quickly create awareness and ‘buzz’ around our products. Please provide your in-depth recommendations for two digital marketing tactics we should undertake as our top priorities for effective short-term results, together with your justification of these choices. These might include website development, using various digital marketing channels, and/or digital advertising. The board seeks specific, detailed ideas and examples for each tactic.

d) Fiscal Oversight:

Finally, the board is very concerned with appropriate fiscal oversight. We realise the importance of reviewing analytics reports in determining which of our digital marketing activities are effective and which might need to be modified or even discontinued.

Please list four KPIs that can be tracked using digital analytics tools that would help evaluate your recommended short-term marketing tactics and discuss the insights each could provide.4

2.3 Specifications and Requirements

- You are required to fully explain and justify all recommendations that you make. Include details and examples, and evidence of research undertaken, with illustrations such as screenshots or data as you see fit. Provide definitions for any technical terms that someone unfamiliar with digital marketing might not immediately understand.

FORMAT OF YOUR REPORT

All students must adopt a report format as described below and in the following order:

1. Cover Page of your submission details in the normal style

2. Executive Summary (a summary of your key findings and recommendations)

3. Market Opportunity

4. Persona Research

5. Short-Term Market Impact Tactics

6. Fiscal Oversight

7. Appendices (If you require them)

- Plan your work to ensure you cover each section of your report adequately.

- Consider introducing charts, images etc., if you believe they would benefit your client’s understanding of your report.

- Finally, please ensure that your work is written in your own words. A written work cannot be a simple ‘cut and paste’ of material found on the web or in journals or books.

Moreover, you must accurately acknowledge the contributions of others (i.e., your work must properly reference quotes, ideas etc.; see 1.2)

 

Essay Sample Content Preview:

DIGITAL MARKETING REPORT
by (Name)
The Name of the Class (Course)
Professor (Tutor)
The Name of the School (University)
The City and State where it is located
The Date
Executive Summary
This digital marketing report analyzed the digital marketing opportunities for Worlwide E-bikes, which is looking to expand into the Australian market. The report determined that a digital marketing expansion into the Australian market is promising owing to a growing demand for healthy, convenient, and environmentally conscious means of urban transportation. There is a growing demand for E-bikes, particularly those that provide convenient user interfaces, among cyclists with fitness, travelling, and adventure needs. Moreover, the report discussed the kind of research that is needed to create ‘buyer Personas’ for the Australian E-bike market. It outlined the practical benefits of having well-researched personas and how they may help the company expand into Australia. The report also recommended the use of social media marketing and search engine optimization to create awareness and “buzz” around the company’s E-bike offerings. The two digital marketing strategies have the potential to increase the company’s brand recognition and overall sales revenues. Finally, the digital marketing report explained four KPIs that can be monitored using digital analytics tools for each marketing strategy.
Digital Marketing Report
* Digital Market Opportunity
There are more than 50 companies in the Australian bike market selling a broad range of E-bike models and sales are growing faster than all bike segments. According to a report commissioned by We Ride Australia, cycling businesses contribute over $6.3 billion (AUD) to the country’s economy and have created 34,295 jobs. We Ride Australia is an Australian advocacy group for cyclists that works to improve cycling programs, infrastructure, and policies (We Ride Australia, 2023). Cycle tourism in Australia is also economically significant, raising an additional $1.2 billion (AUD) for the economy. According to the report, there are 5.8 million active bike customers in Australia: around two-thirds of this customer segment is predicted to have spent up to 1.7 million (AUD) in bike purchases (Research and Markets, 2022). More than a quarter of these bike purchases comprised of children’s bicycles, thereby implying a larger market for other bike segments. The report also showed that 43% of regular cyclists in America increased their bike expenditure year-to-year in comparison to less frequent cyclists. While male to female spending was relatively equal, the biggest spenders were riders aged between 18 and 34 years old although those over 35 years old also recorded an upped spend.
The current opportunities for marketing E-bikes in Australia are promising and the company should go ahead with its plans of expanding into the region. Electric bikes are becoming more fashionable as the world moves towards healthy and environmentally conscious means of transportation. E-bikes are one of the fastest growing transportation sectors in Australia, with attractive business opportunities in the traveling, fitness, and social markets. As a result of compoundi...
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