PROPOSED DIGITAL MARKETING STRATEGY FOR OVERSTAPPEN (MENâS FASHION BRAND)
Indonesia's creative sector, particularly the fashion industry, is promising, with the potential to grow into a much larger enterprise. Many actors in the creative industry, especially in the fashion industry, may and must use technology, as many prospective target markets and buying behavio...
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Format: | Theses |
Language: | Indonesia |
Subjects: | |
Online Access: | https://digilib.itb.ac.id/gdl/view/62493 |
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Institution: | Institut Teknologi Bandung |
Language: | Indonesia |
Summary: | Indonesia's creative sector, particularly the fashion industry, is promising, with the potential to
grow into a much larger enterprise. Many actors in the creative industry, especially in the
fashion industry, may and must use technology, as many prospective target markets and buying
behaviors are migrating towards online shopping. Businesses need a well-planned and
implemented digital marketing strategy to survive and thrive in the digital age, especially since
many new competitors have already isolated themselves and are lagging in digital marketing.
Overstappen, a new fashion brand in the creative industry, intends to sell men's clothing online.
For Overstappen, the critical goals of this research are to boost sales by understanding the
underlying reasons of business issues, gathering data on their target market, and adopting the
best and most relevant digital marketing approach.
The research uses internal and external analyses. Internal analysis tools may include STP
analysis, marketing mix analysis, and resource-based view analysis. External analysis tools
include PESTEL analysis, Porter’s Five Forces analysis, competitor analysis, and customer
analysis. In addition, the qualitative research approach is being employed in the study, which
provides for observation and conducting consumers survey. Finally, the research applies
Overstappen's digital marketing strategy and the SWOT analysis to comprehend the business
condition and discover the root cause of the problem using the Ishikawa fishbone diagram. The
issues highlighted in this context are those of marketing and promotion.
The proposed solution to Overstappen's challenges utilizing the RACE Framework. RACE is
the acronym for reach, act, convert, and engage. Overstappen has the most reach plans. Because
Overstappen is a new company, attracting potential customers requires a lot of planning. During
the Act stage, an official website will be built for customers to learn about Overstappen
products. Next, Overstappen uses three tactics to convert potential customers into buyers. At
the engagement stage, Overstappen will create a loyalty program to encourage repeat purchases.
This technique will be implemented for a year in the hopes of resolving Overstappen's issues. |
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