Digital Market Research Plan
School going students and college undergraduates need to carry heavy books along with other utility things with them on a daily routine. This could be tedious for them and thus, they need a backpack for their daily journey. High-tech backpacks facilitate customers with enormous benefits. These backpacks are designed in an efficient and trendy manner that could benefit the youth and users positively. To make the benefits reachable and accessible to the customers it is important to come up with a strong marketing strategy. A marketing strategy is a plan that elevates the chances of performance of the product i. e. in this case high-tech backpack. With a proper marketing strategy, the product reaches many customers within a short span of time bringing more customer satisfaction and profits. In today’s era, most of the marketing plans are carried out digitally and hence, digital marketing is one of the major causes of the success of any product. People tend to spend more than half of their time on digital platforms and social media. This makes the product viable for customers to see and review. Digital marketing needs a strategised and well-researched plan to be carried forward for bringing out an excellent response. Digital marketing aims at bringing more profits, publicity, and more views through online marketing channels. This way the sites could be either paid or self-owned but the profits would definitely be owned.
A Digital Marketing Campaign comes handy with digital marketing. With a full-proof campaign come better opportunities. If the high-tech backpack wants more publicity, there has to be a campaign that could increase its followers and spread more awareness about its benefits and usefulness. For instance, Twitter or Instagram could be used to generate more buzz over the social media regarding high-tech backpack and could elevate the leads. This is a positive result of the digital marketing campaign. With the success of the campaign, the aim of the success of a digital marketing strategy comes closer.
To spread the product i.e. high tech backpack all over the digital platform, the major four digital key channels are to be used:
New laws have been implemented to bring in more Corporate Social Responsibility. There have been countries like India, who has made it legal action to give away two percent of the company’s total profits of the last three years to CSR. This is due to ethical, environmental and social welfare. The high-tech backpacks are destined to give a contribution to Corporate Social Responsibility because of its manufacturing. The high-tech backpack manufacturing is done under supervision with utmost care and responsibility and is legally checked and authorised. This way it does not break any rule or regulation under the law.
Being considerably fine in pricing, the economic rate of the high-tech backpack is $250 each. This could seem to be unreasonable but it only seems to be so for those who haven’t yet tried it. Thus, the cost satisfies itself when the backpack comes to use. It is highly useful with all recent and latest trendy technology. To balance the cost with CSR, every one dollar goes to donation for the blind children. With every $250 spent to buy the backpack, the company would donate one dollar on each of them to raise funds for empowering and educating the blind children. This would help society efficiently. With helping the society it would also popularise the brand and bring in more customers. Moreover, it is the duty of every individual to give back to society whatever can be returned.
A high-tech backpack is manufactured out of eco-friendly material which could not harm the environment. Being an eco-friendly material is not hampering any ethical or legal implications. Eco-friendly material would do no harm to the environment by bringing good vibes from each purchase. With increasing pollution and climatic change, it is crucial to look after the environment with the utmost attention. This could be the least that can be done from the company’s side in favour of the environment. By giving something back to nature, mankind is protecting itself indirectly. Thus, it is important and must be mandatory.
By selling high-tech backpacks, the company would earn profits. The earned profits would be considered and 0.5% of the total net profits would be given legally to the Corporate Social Responsibility. This way it could be used in some resourceful action and is securely benefiting the population. CSR paves a path for the brand to be satisfied with their work and to be proud of their action, as their noble deeds would be useful in benefiting the society with greater zeal and finance. This way, the brand remains to focus on the way of manufacturing and promoting their product, i.e. high-tech backpack for sale while their shares can be utilised in uplifting and empowering the society to make the environment, society and our culture a better place to live in.
Digital marketing has to be followed with a full-proof strategy that enlightens the understanding of the product and also the customers. This gives a better idea of the market, its need and the benefits they require from the company. The requirements of the market and the customers must be observed and analysed thoroughly to come up with a market research plan. To initiate a successful research plan, it is vital to launch a digital campaign. To build a successful digital marketing campaign resulting in more lead generation, one must understand the requirements and the customers. To understand the customers and the interest market, it is essential to have in-depth research. This could be either qualitative or quantitative research depending upon the way of the research. By researching, the researcher gets valuable and important points and agenda for fulfilling the aim efficiently. A qualitative research method pertains to the understanding of the procedure while a quantitative research method would put more focus on the observations and inferences out of the plan. Having similar, both the methods focus solely towards extracting the data out of the customers and the market for enhanced research. Qualitative research methodology would use observing the population, bringing out in-depth knowledge about the market requirement, carrying out surveys and creating social media buzz for highlighting a high-tech backpack. The quantitative research methodology uses population surveys, panel judgement and decision, various experiments for bringing out the characteristics of high-tech backpacks and scanners.
In this research plan, qualitative research methodology could be used that would highlight the non-statistical part of the research. Collecting relevant information from the respective market area needs to be specific and an explicit approach. By being non-numeric, it could bring in innovative ideas and could give rise to in-depth insights into the actual issue. There could be multiple advancements to qualitative research methodologies that are flexible but concentrated on pertaining valuable meaning of the information. There could be 4-5 basic techniques used for collecting data by the qualitative method. They are listed below:
To carry out qualitative research of the high tech backpack, surveys method was used. Uploading a digital questionnaire upon several websites and social media could be a task but when it comes to the responses, they are worthy of each pain. Usually, the surveys are very short and focused on the major issue making it concentrated and simple. The flow of the survey was structured according to the mindset of the audience. It consisted of open-ended questions with a good alignment making it representable and organised. The survey revolved around the market requirement and the features needed by the population by specifying their age, sex, and lifestyle. The survey included a total of ten questions making it apt.
The questions are mentioned below:
The above-curated questions are suitable for a survey concerning the needs of the customers. The age would indicate if the person seriously needs such a high-tech backpack, while their occupation and sex would keep a record of the demographic purpose. If they would like travelling and they travel frequently, a high-tech backpack would be of great use to them. As the backpack has multiple devices for keeping the user entertained, it would be optimum for someone who loves to be full of energy and all hiked up. Medical history of a user would be beneficial as information, as someone with a critical medical record would not be able to travel or use the backpack for long hours due to its weight. People with an affirmative answer to the second last question would like the high-tech backpack due to its utility and advantages for trekking and other adventures. Also, people who would like to use fancy backpacks would be recommended for using the high-tech backpacks as they would appreciate its use, benefits and other advantages it gives.
With such survey questions, it can be analysed that the responses would be apt and not vague. It could not only be helpful for qualitative research but when recorded statistically, it could also come up with a good number. Therefore, users would not feel the pressure to be anticipated by the peer and change their answers as in the focus group or other interview, survey questionnaire is personally filled and sent with privacy so that the customers could be frank and honest with their answers. This would help us collect and analyse the true data.
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