Virtual Marketing Ecosystems - at Great Lakes Institute of Management, Chennai

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Page 1: Virtual Marketing Ecosystems - at Great Lakes Institute of Management, Chennai

Virtual Marketing Ecosystems

www.soravjain.com

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• What is Digital Ecosystem?• What is Virtual Marketing

Ecosystem? • How does it work? • Individual Ecosystems - Research Ecosystem - Social Media Ecosystem - Search Engine Ecosystem - Evolution of Echo Marketing

OverviewStudents Copy

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Digital Ecosystem

• Rapidly expanding online environment made up of search engines, social media, peer advocacy and customer reviews.

• A living, breathing entity in and of itself.

• Grows more sophisticated and detailed every day.

• It is an environment in which businesses will thrive, stagnate or meet their ultimate demise.

Digital Ecosystem

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• Processes that link the business

components of real world to the components of online world.

• Each marketing component of ecosystem is surrounded by elements of its own meeting different purposes.

• Helps in Identifying industry specific internet trends, Best practices, Target audience, Consumer behavior ,Web opportunities, Meet innovation (if any)

• Helps in making a road map to reach consumers, interact and engage and fulfill their search needs keeping the geography into consideration.

• Assists in integrated approach

Virtual Marketing Ecosystem

Virtual Marketing Ecosystem

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Virtual MarketingEcosystem

Research

Content Development

eDesign

Search EngineOptimization

Social MediaMarketing

Ecommerce Integration

Email Marketing

Analytics

Ad Serving

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Situation Analysis Where are you now?

•Goal Performance (5s) •Research 2.0 – (Customer Insight and Brand Perception)•E marketplace SWOT •Internal Capabilities and Resources

ObjectivesWhere do you want to be?

5s Objectives:•Sell: Customer acquisition and retention targets (for each market) •Serve: Customer satisfaction, targets markets •Sizzle: site stickiness, # of visitors, subscriptions, visit duration•Speak: trialogue, viral, # of engaged customers •Save: Quantified efficiency gains

How do you get there?

Strategy

•Segmentation, targeting and positioning •Online Value Proposition •Sequence (credibility before visibility) •Integration of OVP •Database •Tools – INTEGRATION (Online TV, Email, Social Media, Search Engines, etc)

TacticsHow Exactly do you get there? •Components of Virtual marketing ecosystem•Integration possibility•Contact strategy •E-campaign Schedule

Action Detail of tactics who does what

and when?

•Responsibilities and structures •Internal Resources and skills •External agencies •Reporting

Control How do you monitor

performance

•5Ss + Web analytics + KPIs•Usability testing/mystery shopper •Customer satisfaction surveys •Site visitor profiling •Frequency of reporting •Process of reporting and actions •Campaign audit

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Situation Analysis Where are you now?

•Goal Performance (5s) •Research 2.0 – (Customer Insight and Brand Perception)•E marketplace SWOT •Internal Capabilities and Resources

ObjectivesWhere do you want to be?5s Objectives:•Sell: Customer acquisition and retention targets (for each market) •Serve: Customer satisfaction, targets markets •Sizzle: site stickiness, # of visitors, subscriptions, visit duration•Speak: trialogue, viral, # of engaged customers •Save: Quantified efficiency gains

How do you get there?

Strategy

•Segmentation, targeting and positioning •Online Value Proposition •Sequence (credibility before visibility) •Integration of OVP •Database •Tools (IPTV, Email, Social Media, Search Engines, l; integration etc)

TacticsHow Exactly do you get there? •Components of Virtual marketing ecosystem•Integration possibility•Contact strategy •E-campaign Schedule

Action Detail of tactics who does what

and when?

•Responsibilities and structures •Internal Resources and skills •External agencies •Reporting

Control How do you monitor

performance

•5Ss + Web analytics + KPIs•Usability testing/mystery shopper •Customer satisfaction surveys •Site visitor profiling •Frequency of reporting •Process of reporting and actions •Campaign audit

Ecosystem?

Research

Analytics

Marketing Tools

Integration

Other elements

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Research Ecosystem

•Brand conversation•Consumer insights & behavior•Twitter Search•Customer Lists •Micro Communities•Buzz Stream•Facebook pages • Socialmention•Keotag•broadtracker•samepoint

Search trendsKeyword analysisMultilingual PPC Region specific PPCBanner Ad NetworkSocial Media tools

Emarket place trends Website trends Marketing trends User trends Affiliated marketing trends Syndicated studies

•Customer satisfaction survey •Opinions & polls •Free survey tools •Paid survey tools•Secondary & primary data on web •Focus group via chat rooms and communities

vs

vs

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Research 2.0 and ORMex: Great Lakes Institute of Management

Positive

Negative

Cool

MBA Culture

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Great Lakes ORM example

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Transformation in Marketing Social Media Marketing

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• Social Media Revolution Video• Strategy – POSTING • Social Media Marketing

Ecosystem• Social Media Tools • Social Media Marketing Facts • Indian User Facts • Social Media & Traditional Media

– Difference • Paranormal Activity Success Case

Study • Social Business Strategy • ROI of Social Media

Social Media Discussion InsightStudents Copy

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Social Media Revolution Video

Social Media Revolution

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P O S T I N G / MONTH ®Students Copy

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Invitation Strategy

Gwave vs. Gmail

•Situation Analysis •Time •Ease of Use•Collaboration with whom?

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Social Media Marketing EcosystemStudents Copy

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Social Media Marketing Facts

Source: (marketingwhitepapers)

Survey Details:

• Conducted among 880 marketers

• 70% respondents small business owners, 26% employees at small businesses

• 56% female

• 78.1 % between age group 30 – 39

Use of social media marketing Benefits of Social Media Marketing

Commonly used Social Media Marketing tools

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Paranormal Activity Success Case Study

How did a $15,000 horror movie made more than 7 . 5 million with help of Social Media

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The Word of Mouth Marketing Process

The fans have really made this their film and they are doing the bulk of the work to market the film

Megan Colligan, co-president of marketing for Paramount

The film is selling itself

Josh Greenstein, co-president of marketing for Paramount

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WOM Tools

Emailing Friends

tweeting

Using widget on blogs & websites

Facebook share

Pasting the links

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Tweeting

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Tweeting about Paranormal Activity

Demand

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Tweeting about Paranormal Activity

Experience

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Tweeting Paranormal Activity Reviews &

Posting links to reviews by experts,

videos, websites and blogs

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Leading to a Paranormal Activity

Conversation

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Ample Paranormal Activity tweets & conversation makes it in the list of

TRENDING TOPICS

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Raising Curiosity among Tweeters who haven’t heard about

Paranormal Activity!

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Resulting in conversation, questions & need to know about

Paranormal Activity!

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Facebook Share and Fan Pages

More than 25 Paranormal Activity fan pages with maximum holding 2,00,000 fans

Beyond 20 Paranormal Activity groups targeting individual countries

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PositiveConversation

NegativeConversation

Conversations

Conversations & Conversations

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Social Business Strategy

Work places to connect employees

and partners

Business / Customer Community to interact and share

Ideation Platform to gain customer insights and get benefitted out of their ideas

Using existing network to engage consumers

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Social Media ROI

Social Media ROI Video

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Search Engine Optimization Ecosystem

Search Engine Optimization

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Integration

Integration of Ecosystem Important to Succeed

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Questions?

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Join as Interns - Converse with Sorav

Social Media:

http://www..twitter..com/soravjain http://www.soravjain.com http://www.facebook.com/soravjain http://www.linkedin.com/in/soravjain

Gmail/ Gtalk:

[email protected]

Skype:

Sourav.seo

Phone:

+919791134451

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