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picture1_Powerpoint Template For Company 31839 | Digital Marketing Stategy Template By Pinkpowerco 2020


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File: Powerpoint Template For Company 31839 | Digital Marketing Stategy Template By Pinkpowerco 2020
your company name one liner mission statement table of content step 1 understand your industry step 2 understand your competition step 3 understand your buyers step 4 understand the digital ...

icon picture PPTX Filetype Power Point PPTX | Posted on 09 Aug 2022 | 3 years ago
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          Your Company Name
       One liner/Mission 
           Statement
       TABLE OF CONTENT
       Step 1: Understand Your Industry
       Step 2: Understand Your Competition 
       Step 3: Understand Your Buyers 
       Step 4: Understand the Digital Channels that will work for you
       Step 6: Understanding Marketing Metrics & Goals
       Step 5: Create Digital Marketing Strategy – the 5D’s
       PART ONE
          UNDERSTAND YOUR 
              INDUSTRY
       It’s worthwhile to analyze the state of your industry – whether as a prospective 
       new entrant or as an existing player in the game. One way to do this is with 
       Porter’s Five Forces Analysis. 
       This method of studying an industry considers – as the name suggests – five 
       different criteria and how high the power, threat, or rivalry in each area is.
       Below are the five forces in the analysis:
                    Purpose of Our Research
               1.   Competitive Rivalry: This section asks how high the level of direct competition is in 
                    your industry. Ask yourself what other companies offer the same product or service 
                    that you do in the location that you do business in. While there may be another 
                    company offering the same thing you do, it only matters how much of a direct threat 
                    they impose on your share of the market for this analysis.
               2.   Threat of New Entrants: This area explores how difficult it is to start a company or 
                    launch a product that could compete with yours. It also looks at barriers to entry – 
                    whether those are resource-based, financial, or imposed by government restrictions. 
               3.   Threat of Substitution: For this criteria, think of the alternatives to your product or 
                    service. Keep in mind, these are not direct substitutes.
               4.   Buyer Power: Buyer power looks at whether your market is a buyer’s market or a 
                    seller’s market from your company’s perspective. If your product is at the mercy of the 
                    latest trend or a bargain-hunting coupon cutter, buyer power is high. 
               5.   Supplier Power: Lastly, supplier power considered how much suppliers influence the 
                    business. 
                                                Purpose of Our Research
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