Prepared by Green Dot Advertising — June 24th, 2016
Sell as much of the existing Ava Swimwear inventory as possible, while keeping marketing costs as low as possible.
We had a staff meeting after your visit to Green Dot to brainstorm the best course of action given all of the information we collected. Here’s what we came up with.
We had the wives of 3 of our employees (including mine who has a Fashion Merchandising degree), plus the girls in the office review the inventory. The news wasn’t that encouraging. This 5 rat study concludes the designs combined with the pricing don’t inspire confidence. The low prices actually cause concern. All of them are worried about quality, and most don’t like but a handful of the designs.
As to redesigning the site – internally we all agree this site won’t ever look classy with the models and photography it has today. Some models are posing badly. Some images have backgrounds, others not. Some swimsuits are on mannequins, some are not. The time it would take to redesign the interfaces is manageable from a cost standpoint, but the time it would take to get the photos to look consistent is absurd. And it would still be the same photography and the same swimsuits.
As a result, we recommend going in a different direction. Instead of spending four or five thousand dollars to redesign the site, we suggest investing that money into offering free shipping and free returns. That removes all risk of ordering online. Additionally, we recommend advertising a “75% off blowout sale”. Change the prices to be higher – between $60 – $80 per swimsuit. Then mark them down to between $25 – $12 each, as most are priced that way anyhow.
We’ll simply update the home page with blowout sale graphics while your team updates the pricing for the swimwear. Then we’ll run a social media and Google banner ad campaign to aggressively promote the sale event. We want people clicking through that are looking for a bargain, not people expecting the best, most amazing swimsuit. Our feeling is that if we can get people into bargain hunting mode, and they have no risk because shipping and returns are free, you’ll get more conversions and sales than if we try to build up the Ava brand now with design, blogging, brand awareness and the like.
Once most of the inventory is liquidated, let’s huddle up and decide what you want to do next. If you want to continue with Ava, the site will need to be totally redesigned, you’ll need to invest in the Ava store brand and make it exciting, stylish and fun. And you’ll need to work with someone who is really good at merchandising. We’ll shoot the photography to ensure it’s all consistent and the result will be 180 degree turn in terms of positioning for the store. That said, step 1 is liquidating inventory.
Run a Google Adwords banner ad campaign promoting a huge blowout sale via Google’s display network. Clicks on banners are significantly less expensive than click throughs on PLA’s and text ads displayed when someone searches. Further, we don’t want to target people searching for a swimsuit. The strategy is to target people who are interested in a sale, a bargain, a good deal. That mindset will promote conversions at the low price points Ava Swimwear is able to offer.
Digital display ads are used to retarget all prospects who visited your website but did not complete the desired action. These display ads can be shown to visitors from all traffic sources. The retargeting ads run on a wide network of websites that support display advertising and “follow” your prospects from site to site as the browse the net, giving you a second and third opportunity to close the deal.
Emails can be used to nurture a lead or promote a specific product, service or event. Even in a crowded inbox, an email with a good subject line and relevant content will stand out and drive action. Green Dot has experience with a wide array of email marketing platforms including MailChimp, HubSpot, Exact Target and many more.
Green Dot recommends sending emails to anyone who has previously bought from Ava Swimwear and asking them to tell their friends about the sale.
Green Dot ensures you know how your campaigns are performing at all times. Clients have direct access to the marketers working on their campaigns as well as to reporting platforms like Google Analytics (website performance), RavenTools (campaign performance) and Call Tracking Metrics (phone call lead tracking).
How much you spend on media every month is totally up to you. The more you spend, the greater your reach and frequency. Green Dot provides recommendations and guidance based on campaign performance and objectives, while allowing clients to adjust their budgets as needed.
Green Dot does not bill clients for media insertion, or require a minimum budget. Instead, we only invoice for media planning and campaign management. We manage and execute the media buys, create all ads, a/b test the ads, optimize your monthly spend (we may suggest increasing / decreasing the budget allocation depending on a channel’s performance) and report on the results.
All media expenditures are the responsibility of the client and are billed directly to the client by the media vendor or advertising platform. This approach creates pricing transparency and trust, while allowing media budgets to be adjusted as needed.
Green Dot includes these media management services at no additional charge with your marketing retainer up to the specified monthly threshold. Scaling the media buy beyond this baseline triggers a media management fee of 12% applied only to the net new spend above the included monthly threshold.
One-time campaign setup fee includes:
$3,500
Your marketing services package includes the following:
$2,000 p/m
You set the budget
Search: $1,500 – $2,500 p/m
Social: $1,200 – $2,000 p/m
Retargeting: $200 p/m
Monthly content generation includes the following:
$1,200
| Month 1 | Month 2 | Month 3 | Month 4 | |
|---|---|---|---|---|
| Campaign Setup | $3,500 | |||
| Digital Marketing | $2,000 | $2,000 | $2,000 | |
| Content & Communications Services | $1,200 | $1,200 | $1,200 | |
| Monthly Totals | $3,500 | $3,200 | $3,200 | $3,200 |
Social Advertising & Management
Social Advertising
Using Facebook we plan to target anyone who has followed Ava Swimwear, as well as their friends and anyone with a similar profile. The idea is to promote the sale aggressively using newsfeed ads and boosted posts.
Many social networks only allow you to reach a percentage of your community for free. For example, Facebook only allows you to reach up to 6% of your page follows organically and after that you must pay to reach the remaining 94%. Social advertising helps help reach and nurture the people in your community that the networks won’t allow you to reach for free.
Includes the Following:
Social Media Management
Social marketing on Facebook, Instagram, Twitter, LinkedIn, Pinterest and other social networks allows you to engage directly with your social community on a daily basis.
Includes the Following: