Marketing Plan of the Business of Web Media Contents Monetization Software B2b Business Plan
Pages: 3 (1497 words) · Bibliography Sources: 10 · File: .docx · Level: College Senior · Topic: Business - Advertising
Section V. The Marketing Plan
Overall Marketing Strategy
The proposed new venture's Web content monetization system has the ability to quickly transform idle digital assets and content into cash. Differentiated from its competitors by the ability to personalize searches and define bundling of content on the fly with a personalization engine, which is a state-of-the-art technology developed recently (Ruokonen, Nummela, Puumalainen, Saarenketo, 2008) the proposed system will be able to determine pricing levels as well by visitor (Shapiro, 2009). The unique value proposition for the proposed venture is as follows: Turning digital assets and content into cash using state-of-the-art Web content monetization systems, our company seeks to be the leading provider of monetization solutions globally. At the center of any excellent organization is the integration of technology, content and innovation all focused on the customer (Slater, 2001). Selling the proposed system as a means to quickly gain incremental revenue for content producers will make the definitions of Return on Investment (ROI), even in pro forma levels, positive. Ultimately for the marketing strategy to be effective the value of a solution must be quantified in terms of dollars earned or saved, time saved, or significant reductions in process-related errors over time (Rosen, Schroeder, Purinton, 1988).
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Business Plan on Marketing Plan of the Business of Web Media Contents Monetization Software B2b-Based AssignmentThe proposed price is $150,000 for each system. It is anticipated that an additional $600,000 in services will be required to install, integrate into content management repositories and databases, and customize the system for the unique needs of content producers. Total revenues per deal could potentially average $750,000, potentially a little less if less integration to content management systems are required. As this system is highly unique with its order capture and fulfillment front-end for selling content, the price is justified given the revenue generating potential. Enterprise Content Management (ECM) systems from primary competitors including EMC (Documentum), Microsoft Corporation, Open Text and Oracle are all priced in comparable range of the $150,000 list price of the baseline system. Autonomy Corp PLC produces an enterprise search and knowledge management system that sells for $225,000, and its use of linguistic modeling, and no support for order capture as of today, make this a potential, not existing, competitor. The pricing strategy for the proposed system at $150,000 places in squarely against existing Web Content Management (WCM) systems, yet is highly differentiated from the with its order capture and revenue management front-end applications.
C. The Selling Cycle
Beginning with public relations and social media efforts to get the proposed venture known, the sales cycle will be organized into upper funnel and lower funnel sales activities. Upper funnel sales activities will concentrate on getting the brand of the company know its unique position in the market, its differentiation and unique value position. Weekly webinars will also be held to promote thought leadership in the industry, a key factor in successful high tech marketing (Rosen, Schroeder, Purinton, 1988). These upper funnel activities will be transitioned to lead generation through the use of webinars and opt-in e-mails, follow-ups from webinars, and the development of sales leads from events. Lower funnel activities in the selling cycle will be prequalification through a discussion of the content providers' monetization goals. The sales teams' discussion with prospects will work through an ROI Calculator that will also be used to calculate payback period based on their subscriber base, customer churn factors, pricing for content, and number of content items. A proposal will be generated, given to the prospect and followed up on periodically to close the sale.
D. Sales Tactics
The proposed venture will rely entirely on a direct sales force as the complexity of this solution requires excellent knowledge of its use, and its benefits. The initial plans for the sales force are to have four in the U.S. For Eastern Region, Southern Region, Central Region and Western Region. A Sales Vice President will be hired with expertise in enterprise content management (ECM) systems, and the sales representatives will spend a week every six months in corporate headquarters in training. Quotas will be assigned based on content provider count in territories.
E. Advertising and Sales Promotions
As this is an enterprise application aimed specifically at the CEO and CFO of content providers, the advertising and sales promotion will be highly targeted to their roles in organizations. The use of direct mail with innovative ROI Calculators that in an instant can be used to provide these executives with insights into how much revenue they can produce from using the system will be… [END OF PREVIEW] . . . READ MORE
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