PROPOSED MARKETING STRATEGY TO INCREASE SALES OF HOODIE CENTER ONLINE SHOP
The growth of internet users in Indonesia increased by 8.9%. The development of information technology and the internet can make business easier. The development of the internet social media such as Instagram, Facebook, and Twitter have begun to be used for online buying and selling purposes. Thi...
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Format: | Theses |
Language: | Indonesia |
Subjects: | |
Online Access: | https://digilib.itb.ac.id/gdl/view/63684 |
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Institution: | Institut Teknologi Bandung |
Language: | Indonesia |
Summary: | The growth of internet users in Indonesia increased by 8.9%. The development of
information technology and the internet can make business easier. The development
of the internet social media such as Instagram, Facebook, and Twitter have begun
to be used for online buying and selling purposes. This will be an opportunity for
Hoodie Center, one of the online businesses in the fashion sector, to be able to take
advantage of the use of the internet and social media for business purposes.
Moreover, hoodie products are trending among millennials, this will pave the way
for Hoodie Center to develop its business. However, when the hoodie product was
trending, the Hoodie Center actually experienced a decline in sales. In addition,
Hoodie Center has also spent quite a lot of advertising costs. In one year, the cost
they spend on advertising is Rp. 80,000,000. However, the amount of advertising
costs that have been spent also does not affect the sales of Hoodie Center, they still
experience a decline in sales even though they are actively advertising their
products. This study aims to analyze the external and internal environment and
propose a marketing strategy to increase sales of the Hoodie Center. External
environmental analysis is carried out using PESTEL, Porter's Five Forces,
competitor analysis, and consumer analysis. From the analysis of the company's
external environment, several opportunities and threats outside the company's
environment were found that could affect the Hoodie Center business. Internal
environmental analysis is carried out using STP analysis, marketing mix analysis,
and VRIO. Based on the analysis of the company's internal environment, several
aspects are categorized as strengths and weaknesses originating from within the
company. SEM-PLS is used as a tool to measure the correlation between variables
in this study, which is part of consumer analysis and will then become one of the
considerations in making SWOT. The SWOT analysis is carried out by combining
the results of the company's external and internal environmental analysis and will
be used as the basis for developing the TOWS matrix. Alternative strategies are
formulated using the TOWS matrix. Through the TOWS matrix, several strategies
are generated that will be implemented by the company. |
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