X522 Digital Marketing
Final Project
Rick Wingender
11/22/2016
Please see the Slide Notes
© copyright 2016 by Rick Wingender
https://www.linkedin.com/in/misterecommerce/
About REEDS Jewelers
REEDS Jewelers is a family-owned jewelry store chain
headquartered in Wilmington, NC. Founded in 1946,
they have 64 stores in 13 states.
REEDS Jewelers is an authorized distributor in its store
locations for many leading designer brands,
including David Yurman, Tag Heuer, Omega,
Michele, and others.
They also conduct business on an e-commerce-
enabled website, www.reeds.com. Online, they
feature brands such as PANDORA, Alex and Ani,
Mikimoto, Scott Kay, Swarovski, and others.
See Speaker Notes.
See Speaker Notes.
Reeds has 60+ physical store locations in these states (in
purple).
Competitors
Blue Nile
Kay
Jared
Zales
Amazon
eBay
Helzberg
James Allen
Ritani
Nieman Marcus
Jewelry Television
QVC
JC Penney
Nordstrom
Macy’s
Local Mom & Pops
See Speaker Notes.
The REEDS Market and Business Objectives
See Speaker Notes.
STRENGTHS
Strong Industry Expertise
Omnichannel Capability
Established Digital Marketing Channels
Quality Merchandise
Strong Brand
Credit Program
Strong TV ads
OPPORTUNITIES
Use Social to Build Brand and Grow Awareness
Focus on PPC Program
Expand Amazon, eBay, Google Shopping Channels
for New Customer Acquisition & Revenue
Deepen Existing Categories SKU count
Broaden Product Category Mix, helping SEO
Add Western Distribution Center
Focus on Global as well as National Expansion
WEAKNESSES
Weak Brand External to Trade Area
No Stores in 37 States
Almost no internal ecomm / DM expertise /
bandwidth
No Int’l Capabilities
Current PPC Program is Lacking
High Return Risk in Digital-only Experience
THREATS
Bad Pub / Social Media Brand Issues
Constant Threat of New Competition
Gold & Silver Price Fluctuations
Technology & Security Issues
Small Market Staffing Issues
See Speaker Notes.
Tactic 1
Build up the e-commerce team, in order
to support the remaining strategies.
Tactic 4
Use social tools to build the brand and
grow awareness
Tactic 5
Various improvements to REEDS.com.
The primary business objective for REEDS Jewelers is to significantly improve sales in areas (states)
where there are no REEDS stores. I am recommending SIX primary strategies to REEDS.
Tactic 2
Improve the product mix depth and
breadth.
Tactic 3
Re-establish a Google AdWords PPC
program, including remarketing. Establish
a PPC program on Amazon and
Facebook.
Tactic 6
3rd-Party Marketplace Channel, to
generate revenue and to serve as New
Customer Acquisition (NCA)
See Speaker Notes.
Tactic #1 Build Up The Ecommerce Team EXISTING STAFF
Community
Manager
2016
Web Designer
2016
Amazon / eBay
Merchandiser
2016
Agencies – All functions & positions are performed and/or augmented by external agencies until internal positions are filled.
See Speaker Notes.
Tactic #1 Build Up The Ecommerce Team 2017 NEW STAFF
Community
Manager
2016
Web Designer
2016
Amazon / eBay
Merchandiser
2016
Agencies – All functions & positions are performed and/or augmented by external agencies until internal positions are filled.
Director of
Ecommerce
2017
Digital
Marketing
Manager
2017
PPC / SEM
Manager
2017
REEDS.com
Merchandiser
2017
Web Design &
Development
Manager
2017
SEO Analyst
2017
Web Analytics
Manager
2017
See Speaker Notes.
Tactic #1 Build Up The Ecommerce Team 2018 NEW STAFF
Community
Manager
2016
Web Designer
2016
Amazon / eBay
Merchandiser
2016
Agencies – All functions & positions are performed and/or augmented by external agencies until internal positions are filled.
Director of
Ecommerce
2017
Digital
Marketing
Manager
2017
PPC / SEM
Manager
2017
REEDS.com
Merchandiser
2017
Web Design &
Development
Manager
2017
SEO Analyst
2017
Web Analytics
Manager
2017
Email Mktg
Manager
2018
Web
Merchandising
Manager
2018
Web Developer
2018
Web DB
Developer
2018
Web Designer
2018
REEDS.com
Merchandiser
2018
Web Designer
2018
See Speaker Notes.
Tactic #1 Build Up The Ecommerce Team 2019 NEW STAFF
Community
Manager
2016
Web Designer
2016
Amazon / eBay
Merchandiser
2016
Agencies – All functions & positions are performed and/or augmented by external agencies until internal positions are filled.
Director of
Ecommerce
2017
Digital
Marketing
Manager
2017
PPC / SEM
Manager
2017
REEDS.com
Merchandiser
2017
Web Design &
Development
Manager
2017
SEO Analyst
2017
Web Analytics
Manager
2017
Promotions
Manager
2019
Amazon / eBay
Merchandiser
2019
Search /
Taxonomy Analyst
2019
Jet / Rakuten
Merchandiser
2019
REEDS.com
Merchandiser
2019
CSE & Affiliates
Manager
2019
Web Developer
2019
Email Mktg
Manager
2018
Web
Merchandising
Manager
2018
Web Developer
2018
Web DB
Developer
2018
Web Designer
2018
REEDS.com
Merchandiser
2018
Web Designer
2018
See Speaker Notes.
Tactic #2 Improve the product mix depth and breadth.
Enhanced product mix:
• Improved SEO (“findability” and
awareness)
• Improved RFM performance
• Less industry risk (gold/silver pricing)
For example, Hallmark.com has many
categories that would be
demographically synergistic with a
REEDS.com visitor.
See Speaker Notes.
See Speaker Notes.
Tactic #3 Improve the PPC Program
Tactic #3 Improve the PPC Program
See Speaker Notes.
Tactic #3 Improve the PPC Program
Tactic #3 Improve the PPC Program
See Speaker Notes.
Tactic #4 Improve The Social Media Strategy & Tactics
Use social channels to augment traditional advertising
Build the brand and credibility
Focus on content – news & education
See Speaker Notes.
Reeds has a fairly active presence on Facebook, Pinterest, Instagram, Twitter, and YouTube.
Tactic #4 Improve The Social Media Strategy & Tactics
Reeds has a fairly active presence on Facebook,
Pinterest, Instagram, Twitter, and YouTube.
However, there
doesn’t seem to be
much community
enthusiasm or
engagement.
The posts are boring,
and too product-
centric.
See Speaker Notes.
Tactic #4 Improve The Social Media Strategy & Tactics
Social Marketing Editorial Content Calendar
Tactic #4 Improve The Social Media Strategy & Tactics
Tactic #5 Improve The Website
See Speaker Notes.
REEDS.com
See Speaker Notes.
Tactic #5 Improve The Website
Tactic #5 Improve The Website
BazaarVoice Ratings and Reviews
See Speaker Notes.
See Speaker Notes.
BazaarVoice Ratings and Reviews
See Speaker Notes.
Tactic #5 Improve The Website
Tactic #5 Improve The Website
Website Imagery
When you sell a product that your customer cannot
pick up and feel, your imagery must be perfect.
Perfect images ARE digital marketing. Images can
evoke emotions, or they can cause visitors to look
elsewhere.
This is true of home pages, landing / category
pages, or even product detail pages.
The following five slides give examples of immersive,
powerful imagery. The last one (fitbit) is a product
detail page. If you were to link to any of these
pages from Facebook, or Twitter, or a Google SERP,
or even Google Shopping, you would have a good
chance of making a sale. Or at least making a
friend.
Tactic #5 Improve The Website
Tactic #5 Improve The Website Imagery
Tactic #6 Build Up 3rd-Party Marketplaces
See Speaker Notes.
REEDS sells on Amazon
See Speaker Notes.
Tactic #6 Build Up 3rd-Party Marketplaces
Tactic #6 Build Up 3rd-Party Marketplaces
See Speaker Notes.
The eBay Marketplace
Tactic #6 Build Up 3rd-Party Marketplaces
See Speaker Notes.
The Jet.com Marketplace
Tactic #6 Build Up 3rd-Party Marketplaces
See Speaker Notes.
The Rakuten Marketplace
Tactic #6 Build Up 3rd-Party Marketplaces
See Speaker Notes.
Scorecard
See Speaker Notes.
Click anywhere on the picture. https://vimeo.com/114903886
See Speaker Notes.
© copyright 2016 by Rick Wingender
https://www.linkedin.com/in/misterecommerce/

Ecommerce & Digital Marketing Strategy Presentation (No Notes) by Rick Wingender

  • 1.
    X522 Digital Marketing FinalProject Rick Wingender 11/22/2016 Please see the Slide Notes © copyright 2016 by Rick Wingender https://www.linkedin.com/in/misterecommerce/
  • 2.
    About REEDS Jewelers REEDSJewelers is a family-owned jewelry store chain headquartered in Wilmington, NC. Founded in 1946, they have 64 stores in 13 states. REEDS Jewelers is an authorized distributor in its store locations for many leading designer brands, including David Yurman, Tag Heuer, Omega, Michele, and others. They also conduct business on an e-commerce- enabled website, www.reeds.com. Online, they feature brands such as PANDORA, Alex and Ani, Mikimoto, Scott Kay, Swarovski, and others. See Speaker Notes.
  • 3.
  • 4.
    Reeds has 60+physical store locations in these states (in purple).
  • 5.
    Competitors Blue Nile Kay Jared Zales Amazon eBay Helzberg James Allen Ritani NiemanMarcus Jewelry Television QVC JC Penney Nordstrom Macy’s Local Mom & Pops See Speaker Notes.
  • 6.
    The REEDS Marketand Business Objectives See Speaker Notes.
  • 7.
    STRENGTHS Strong Industry Expertise OmnichannelCapability Established Digital Marketing Channels Quality Merchandise Strong Brand Credit Program Strong TV ads OPPORTUNITIES Use Social to Build Brand and Grow Awareness Focus on PPC Program Expand Amazon, eBay, Google Shopping Channels for New Customer Acquisition & Revenue Deepen Existing Categories SKU count Broaden Product Category Mix, helping SEO Add Western Distribution Center Focus on Global as well as National Expansion WEAKNESSES Weak Brand External to Trade Area No Stores in 37 States Almost no internal ecomm / DM expertise / bandwidth No Int’l Capabilities Current PPC Program is Lacking High Return Risk in Digital-only Experience THREATS Bad Pub / Social Media Brand Issues Constant Threat of New Competition Gold & Silver Price Fluctuations Technology & Security Issues Small Market Staffing Issues See Speaker Notes.
  • 8.
    Tactic 1 Build upthe e-commerce team, in order to support the remaining strategies. Tactic 4 Use social tools to build the brand and grow awareness Tactic 5 Various improvements to REEDS.com. The primary business objective for REEDS Jewelers is to significantly improve sales in areas (states) where there are no REEDS stores. I am recommending SIX primary strategies to REEDS. Tactic 2 Improve the product mix depth and breadth. Tactic 3 Re-establish a Google AdWords PPC program, including remarketing. Establish a PPC program on Amazon and Facebook. Tactic 6 3rd-Party Marketplace Channel, to generate revenue and to serve as New Customer Acquisition (NCA) See Speaker Notes.
  • 9.
    Tactic #1 BuildUp The Ecommerce Team EXISTING STAFF Community Manager 2016 Web Designer 2016 Amazon / eBay Merchandiser 2016 Agencies – All functions & positions are performed and/or augmented by external agencies until internal positions are filled. See Speaker Notes.
  • 10.
    Tactic #1 BuildUp The Ecommerce Team 2017 NEW STAFF Community Manager 2016 Web Designer 2016 Amazon / eBay Merchandiser 2016 Agencies – All functions & positions are performed and/or augmented by external agencies until internal positions are filled. Director of Ecommerce 2017 Digital Marketing Manager 2017 PPC / SEM Manager 2017 REEDS.com Merchandiser 2017 Web Design & Development Manager 2017 SEO Analyst 2017 Web Analytics Manager 2017 See Speaker Notes.
  • 11.
    Tactic #1 BuildUp The Ecommerce Team 2018 NEW STAFF Community Manager 2016 Web Designer 2016 Amazon / eBay Merchandiser 2016 Agencies – All functions & positions are performed and/or augmented by external agencies until internal positions are filled. Director of Ecommerce 2017 Digital Marketing Manager 2017 PPC / SEM Manager 2017 REEDS.com Merchandiser 2017 Web Design & Development Manager 2017 SEO Analyst 2017 Web Analytics Manager 2017 Email Mktg Manager 2018 Web Merchandising Manager 2018 Web Developer 2018 Web DB Developer 2018 Web Designer 2018 REEDS.com Merchandiser 2018 Web Designer 2018 See Speaker Notes.
  • 12.
    Tactic #1 BuildUp The Ecommerce Team 2019 NEW STAFF Community Manager 2016 Web Designer 2016 Amazon / eBay Merchandiser 2016 Agencies – All functions & positions are performed and/or augmented by external agencies until internal positions are filled. Director of Ecommerce 2017 Digital Marketing Manager 2017 PPC / SEM Manager 2017 REEDS.com Merchandiser 2017 Web Design & Development Manager 2017 SEO Analyst 2017 Web Analytics Manager 2017 Promotions Manager 2019 Amazon / eBay Merchandiser 2019 Search / Taxonomy Analyst 2019 Jet / Rakuten Merchandiser 2019 REEDS.com Merchandiser 2019 CSE & Affiliates Manager 2019 Web Developer 2019 Email Mktg Manager 2018 Web Merchandising Manager 2018 Web Developer 2018 Web DB Developer 2018 Web Designer 2018 REEDS.com Merchandiser 2018 Web Designer 2018 See Speaker Notes.
  • 13.
    Tactic #2 Improvethe product mix depth and breadth. Enhanced product mix: • Improved SEO (“findability” and awareness) • Improved RFM performance • Less industry risk (gold/silver pricing) For example, Hallmark.com has many categories that would be demographically synergistic with a REEDS.com visitor. See Speaker Notes.
  • 14.
    See Speaker Notes. Tactic#3 Improve the PPC Program
  • 15.
    Tactic #3 Improvethe PPC Program See Speaker Notes.
  • 16.
    Tactic #3 Improvethe PPC Program
  • 17.
    Tactic #3 Improvethe PPC Program See Speaker Notes.
  • 18.
    Tactic #4 ImproveThe Social Media Strategy & Tactics Use social channels to augment traditional advertising Build the brand and credibility Focus on content – news & education See Speaker Notes.
  • 19.
    Reeds has afairly active presence on Facebook, Pinterest, Instagram, Twitter, and YouTube. Tactic #4 Improve The Social Media Strategy & Tactics
  • 20.
    Reeds has afairly active presence on Facebook, Pinterest, Instagram, Twitter, and YouTube.
  • 21.
    However, there doesn’t seemto be much community enthusiasm or engagement. The posts are boring, and too product- centric. See Speaker Notes. Tactic #4 Improve The Social Media Strategy & Tactics
  • 22.
    Social Marketing EditorialContent Calendar Tactic #4 Improve The Social Media Strategy & Tactics
  • 23.
    Tactic #5 ImproveThe Website See Speaker Notes.
  • 24.
  • 25.
    Tactic #5 ImproveThe Website BazaarVoice Ratings and Reviews See Speaker Notes.
  • 26.
  • 27.
    BazaarVoice Ratings andReviews See Speaker Notes. Tactic #5 Improve The Website
  • 28.
    Tactic #5 ImproveThe Website Website Imagery When you sell a product that your customer cannot pick up and feel, your imagery must be perfect. Perfect images ARE digital marketing. Images can evoke emotions, or they can cause visitors to look elsewhere. This is true of home pages, landing / category pages, or even product detail pages. The following five slides give examples of immersive, powerful imagery. The last one (fitbit) is a product detail page. If you were to link to any of these pages from Facebook, or Twitter, or a Google SERP, or even Google Shopping, you would have a good chance of making a sale. Or at least making a friend.
  • 31.
    Tactic #5 ImproveThe Website
  • 32.
    Tactic #5 ImproveThe Website Imagery
  • 34.
    Tactic #6 BuildUp 3rd-Party Marketplaces See Speaker Notes.
  • 35.
    REEDS sells onAmazon See Speaker Notes. Tactic #6 Build Up 3rd-Party Marketplaces
  • 36.
    Tactic #6 BuildUp 3rd-Party Marketplaces See Speaker Notes. The eBay Marketplace
  • 37.
    Tactic #6 BuildUp 3rd-Party Marketplaces See Speaker Notes. The Jet.com Marketplace
  • 38.
    Tactic #6 BuildUp 3rd-Party Marketplaces See Speaker Notes. The Rakuten Marketplace
  • 39.
    Tactic #6 BuildUp 3rd-Party Marketplaces See Speaker Notes.
  • 40.
  • 41.
    Click anywhere onthe picture. https://vimeo.com/114903886 See Speaker Notes.
  • 42.
    © copyright 2016by Rick Wingender https://www.linkedin.com/in/misterecommerce/