A CRITICAL REVIEW OF “DIGITAL MARKETING STRATEGIES – THROUGH WEBSITES, DIGITAL FUNNELS, SOCIAL MEDIA AND DIGITAL TOOLS”

Abstract

As the recently hired Marketing Strategist at the Good Glamm Group, year 2022, was entering the board room, he was immediately tasked with critically evaluation of the current e-commerce & Digital marketing strategy of the Brand Sirona, so that one comes up with a transformed / fresh e-commerce & digital marketing strategy - which has lower Revenue:Cost Ratio, Lower Customer Lifetime Acquisition value & more numbers of customer flow at the top & bottom of digital funnel. This as he was told that day, was required to touch unicorn mark for evaluation & increase revenue by 3x times. The marketing strategist gave a thought, then asked the a question to the board, which became the direction changing advice / critique for the company as a whole & Digital strategy in particular for the group. His question to board was “ Do you want me to evaluate /re-frame the e-commerce & digital marketing strategy for the existing Product Value Proposition or does the scope of my work allows me to challenge the current Product value proposition itself, using series of digital tools / processes - to aim at coming up with a new value proposition so that it can then tailor-make a re-created and transformed e-commerce & digital marketing strategy” which mirrors the need-gap-fit of consumer in the market for the given category by using digital tools & softwares. The board was not ready for it as it clashed with their current practice of find market for existing products through digital marketing & e-commerce rather than build the product itself through digital marketing & e-commerce. As the board looked surprised with the question,  given that they were looking for a digital marketing strategy already crafted products with lower cost & higher returns using own website, social media and digital tools - but here the newly hired marketing strategist was critically challenging the Product value proposition itself and critically asking “to use digital marketing for product development first”. The marketing strategist used examples of Gillette, Marico and Emami where he had previously had gone through this learning curve - convincing the G3 Board room that core concept of Marketing starts with creating a Product value proposition based on deep insights on gaps consumer need-gaps which are not solved by current products in the market (blue ocean strategy) and hence any attempt to transform the digital marketing strategy would not work if the Product value is proposition is not transformed or freshly created based on digital insights through crawlers and other programmed softwares which scans the G3 consumer landscapes. Once the marketing strategist got the mandate on same he came with disruptive transformation in Digitally Re-created Product Value Proposition, Digitally crafted Minimal Viable Product, Digitally transformed & connected Direct To Consumer (DTC) Own Website, and Digital marketing through a digitally consumer researched mix of DTC, Digital Market Place (Amazon), Social media and Digital tools. The same can be summarized in two lines below