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SMO Project On MI Phone
SMO Project On MI Phone
Submitted by:
Asst. Professor
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Name of University
CERTIFICATE
This is to certify that Name, a student of MBA from Delhi School of Management, Delhi
Technological University has submitted a Research Project on the topic ‘A Study on Digital
Marketing Strategies And Business Development Of Xiaomi Corporation’.
During the project, I found him to be very hardworking, sincere and inquisitive to explore
new things. He is able to get across his points effectively and convincingly. He has the ability
to withstand stressful project conditions and meet the deadlines.
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DECLARATION
I, NAME, student of BBA of University Name, hereby declare that Major Research
Project on “A Study on Digital Marketing Strategies And Business Development Of
Xiaomi Corporation” submitted in partial fulfillment of Degree of Masters of Business
Administration is theoriginal work conducted by me.
The information and data given in the report is authentic to the best of my knowledge. This
report is not being submitted to any other University for award of any Degree, Diploma and
Fellowship.
Name:
Roll Number:
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ACKNOWLEDGEMENT
This Research has been a successful one because of effort and support of a lot of people at all
ends. A deep sense of gratitude is owed to (Assistant Professor) who has been my project
mentor. She has continuously motivated and helped me in her best capacity at various stages
in this project.
I would also take the opportunity to thank all the PhD Scholars especially
Ms. for her guidance and invaluable inputs in the development of this dissertation and
guiding me as and when required. She made me well versed with the intricacies of the
dissertation.
Finally a note of thanks is due to all those, too many to single out by names, who have
helped in no small measure by cooperating during the project.
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EXECUTIVE SUMMARY
Digital marketing activities are search engine optimization (SEO), search engine
marketing (SEM), content marketing, influencer marketing, content automation, campaign
marketing, and e-commerce marketing. , social media marketing, social media optimization,
e-mail direct marketing, display advertising, e–books, optical disks and games, and any other
form of digital media.
Business development entails tasks and processes to develop and implement growth
opportunities within and between organizations. It is a subset of the fields of business,
commerce and organizational theory.
In this study, we will analyses the perception of the consumers about Xiaomi products and
the company itself.
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CONTENTS
NUMBER TOPIC PAGE NO.
4.2 Findings
5.1 Conclusion
5.2 Suggestions
CHAPTER 6 Limitations 57
CHAPTER 7 Bibliography 58
CHAPTER 8 Annexure 59
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TITLE OF THE PROJECT
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CHAPTER – 1
INTRODUCTION
Business development entails tasks and processes to develop and implement growth
opportunities within and between organizations. It is a subset of the fields of
business, commerce and organizational theory.
Marketing strategy has the fundamental goal of increasing sales and achieving a
sustainable competitive advantage. Marketing strategies cover everything from Pay
per click, search engine marketing, public relations (PR), Engineering with
Marketing & the much more.
Digital marketing activities are search engine optimization (SEO), search engine
marketing (SEM), content marketing, influencer marketing, content automation,
campaign marketing, and e-commerce marketing. , social media marketing, social
media optimization, e-mail direct marketing, display advertising, e–books, optical
disks and games, and any other form of digital media.
One of the Largest Smartphone maker – Xiaomi is one of the largest smartphone
makers in the world. It is said to be the 5th largest smartphone manufacturer as of
2017. Originating from China, the Smartphones are manufactured in huge quantities
and have wide acceptance across the world.
Highest selling Smartphone – The REDMI Note 4 became the highest selling
smartphone in India and China and practically in 50% of the Asian market. This
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shows that Xiaomi is strongly rising in the smartphone market and has already beaten
several giants.
Huge China and Asia market available – Another benefit to Xiaomi is that the
whole Asian market is their playground. As China lies within Asia and as Chinese
mobile brands are highly penetrated in the Asian markets, Xiaomi still has a lot of
ground to explore.
Good Quality products – Even at such low prices, no one can doubt the quality of
Xiaomi phones. The smartphones are regularly rated high on all E-commerce portals
– a further proof that Xiaomi does not compromise on quality even if lowers the
price regularly.
Rising Brand Awareness – Xiaomi’s brand awareness is rising and more and more
people are getting to know about the brand thereby resulting in higher sales across
the globe.
Growing year on year – The company which started manufacturing in 2011 has
grown by leaps and bounds and is regularly growing year on year.
E-commerce advantage – The Flash sale model is a very popular model which has
worked wonders for Xiaomi. In this model, the product is made available only in
limited quantities and sold at a very low price. This model made the consumers crazy
and each Xiaomi looked like a price which was hard earned.
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Xiaomi phones are especially renowned for their camera which is said to be very
high resolution and gives excellent photos.
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1.3 COMPANY PROFILE
Xiaomi released its first smartphone in August 2011 and rapidly gained market share
in China to become the country's largest smartphone company in 2014. At the start of
second quarter of 2018, Xiaomi was the world's fourth-largest smartphone
manufacturer, leading in both the largest market, China, and the second-largest
market, India. Xiaomi later developed a wider range of consumer electronics,
including a smart home (IoT) device ecosystem.
Xiaomi has 15,000 employees in China, India, Malaysia, Singapore and is expanding
to other countries including Indonesia, the Philippines, and South Africa. According
to Forbes magazine, Lei Jun, the founder and CEO, has an estimated net worth of
US$12.5 billion. He is China's 11th richest person and 118th in the world. Xiaomi is
the world's 4th most valuable technology start-up after receiving US$1.1 billion
funding from investors, making Xiaomi's valuation more than US$46 billion.
History
Xiaomi was founded in 2010. Xiaomi and MI are two different companies. However,
they produce MI and Redmi with collaboration with each other. Xiaomi's logo "MI"
is short for Mobile Internet since Xiaomi was founded to be a mobile-first
technology company. Xiaomi has a total of 15,222 full-time employees. Most are
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based in Beijing, Mainland China, while the others are split between India, Taiwan,
Indonesia, and Hong Kong.
Products
Xiaomi produces many products. Notably, it produces smartphones which run on
their own version of Android MIUI firmware. Observers suggest that part of
Xiaomi's rapid success rests on its ability to differentiate itself within the Android
universe. The company has increased its range of products; its smartphones include:
Mi Series, Mi Note Series, Mi Max Series, Mi Mix Series and the Redmi Series.
Redmi Note and MI mobile phones are two different products of two different
companies.As well as mobile phones, Xiaomi has started selling wearables, mobile
accessories, and appliances such as television and speakers. In 2018 it was selling
tablets, laptops, and smart-home devices.
Xiaomi also keeps its prices low or close to "bill-of-material" by keeping most of its
products in the market longer, eighteen months rather than the six-month norm
followed by many smartphone companies. This strategy allows Xiaomi to take
advantage of price reductions in the prices of key components of its products. It
enables the company to sell hardware with specifications comparable to high-end
devices at a fraction of the cost.
The company's version of the Android operating system, the MIUI skin, with its
design, app marketplace, and functionalities, has established a community of users
who form a crucial part of Xiaomi's customer base and contribute to the company's
drive for market awareness. This ecosystem is a massive source of revenue as
indicated in 2015, when sales from the platform reached $750 million.
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Xiaomi's Redmi Note
The company focuses on India, the world's second-largest smartphone market.
Xiaomi announced on May 2, 2018, the launch of Mi Music and Mi Video to offer
"value-added internet services" in India. On March 22, 2017, Xiaomi announced that
it planned to set up a second manufacturing unit in India in partnership with contract
manufacturer Foxconn. On August 7, 2018, Xiaomi announced on its blog that
Holitech Technology Co. Ltd., Xiaomi's top supplier, would invest up to $200
million over the next three years to set up a major new plant in India.
Recently Xiaomi started to sell more simple goods such as sunglasses, caps, pillows,
glass lunchboxes, cups, filters, bags, backpacks, luggages, screwdrivers, umbrellas
and etc.
In 2019, researchers at Check Point found a security breach in Xiaomi phone apps.
The security flaw was reported preinstalled.
Xiaomi Redmi
Category Smartphones
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USP Low price tag
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Here are the weaknesses of Xiaomi Redmi :
1. Motorola Moto
2. Oppo
3. Vivo
Competitors 4. Realme
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CHAPTER – 2
LITERATURE REVIEW
2.1 LITERATURE REVIEW
Internet usage history and intensity also affect online shopping potential.
Consumers with longer histories of Internet usage educated and equipped withbetter
skills and perceptions of the Web environment have significantly higher intensities of
online shopping experiences and are better candidates to be captured in the well-
known concept of flow in the cyber world (Sisk, 2000; Hoffman and Novak,
1996; Liao and Cheung, 2001). Those consumers using the Internet for a longer
time from various locations and for a higher variety of services are considered to be
more active users (Emmanouilides and Hammond, 2000).
As Bellman et al. (1999) mention, demographics are not so important in
determining online purchasing potential. Whether the consumer has a wired lifestyle
and the time constraints the person has are much more influential. Risk taking
propensity is also a powerful factor. E-shoppers have higher risk taking
tendencies. Consumers with high levels of privacy and security concerns have
lower purchasing rates in online markets but they balance this characteristic with
their quest for making use of the information advantage of the environment (Kwak et
al., 2002; Miyazaki and Fernandez, 2001). These educated individuals, as more
confident decision makers, are much more demanding and have greater control over
the purchasing process from initiation to completion (Rao et al., 1998)
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Digital marketing ecosystem is not only concerned with internet marketing and social
media marketing, in introduction we discussed that peoples have a belief that internet
or social media marketing are same but not same, be clear from beginning itself.
Digital marketing ecosystem consists of internet marketing and social media
marketing. They are just a channels for communication, digital ecosystem consist of
integrating channels and integrating services.
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Digital Ecosystem
Search Engine
Search engine optimization (SEO) is the art of getting a website to work better with
search engines (like Google, Bing & Yahoo), and to look for achievable, profitable,
ranking opportunities through keyword research. It is a quest for increased visibility
in search engines via relevant copy, quality links, domain trust, social popularity and
search engine connectivity.
Search engine marketing (SEM) is a broader term than SEO, and is used to
encompass different options available to use a search engine’s technology, including
paid ads. SEM is often used to describe acts associated with researching, submitting
and positioning a website within search engines. It includes things such as search
engine optimization, paid listings and other search-engine related services and
functions that will increase exposure and traffic to your Web site.
Displays
Display advertising is a type of advertising that typically contains text (i.e., copy),
logos, photographs or other images, location maps, and similar items. In periodicals,
display advertising can appear on the same page as, or on the page adjacent to,
general editorial content. Normal banners, Rich media banner, Interstitials and pops
are example of displays.
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Mobile Marketing
Mobile marketing is used in reference to any marketing efforts on or with a mobile
device. It involves planning, creating, and implementing a mix of initiatives to bring
together sellers and buyers via mobile devices. Mobile ads, Mobile websites, Apps
and Games are some of examples for mobile marketing.
Email Marketing
E-mail Marketing is a type of direct marketing that involves sending personalized,
targeted messages to a specific audience. E-Mail Marketing is easy to use, low cost,
and effective. Most of the B2B business in present era in following email marketing,
but in B2C also email marketing is productive.
Video
Marketers are now use video to make customers aware of brands and to sharing the
experience of other customers. YouTube ads are too popular in video ads. In social
media platforms also brands are sharing video.
Analysis
Analytics is the practice of evaluating data, and the process by which a company
arrives at a most advantageous decision. Here marketer analysis the integrate channel
to understand the effectiveness of communication. Analysis may be based on
numbers of visitor or like in social media pages. Etc.
Content Management
After analysis the integrate channels marketer can able to understand the problems
with current contents. Later he can manage the content to increase the engagement
rate, content may be text in banners, images or websites.
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Advanced Targeting
Advanced targeting are techniques involving the sending of targeted messages to a
specific audience. It is used to increase the effectiveness of a marketing campaign.
Behavioral targeting is also a part of advanced targeting, here marketer can target
the customer based on their past behavior in online. Marketer can put ads in other
webpage where customer is going.
Creative
Creative is the artistic component of an ad or website. It usually includes an image
and copy present in ads or website. Marketer can make those contents attractive to
customers. Marketer will sometimes change the entire design ofi websites, apps..Etc.
Digital Strategy
Digital strategy is the process of specifying an organization's vision, goals,
opportunities and initiatives in order to maximize the business benefits through
digital media. Strategy will be different for each brand, it will base on the brand
objective and target groups interest. It is actual a plan formulated by the marketer to
explore the opportunities. Strategy may be short term or long term, but it need to be
fit with market situations.
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Personal Sales Meeting: Meeting the customer face-to-face to makes the sales
process more personalized.
The sales cycle, more generally speaking, turns leads into prospects, suspects into
prospects and prospects customers.
The sales department would aim to improve the interaction between the customer
and the sales facility or mechanism and or salesperson. Sales management would
break down the selling process and then increase the effectiveness of the discrete
processes as well as the interaction between processes. For example, in many out-
bound sales environments, each step in the typical process outlined above has sales-
related issues, skills, and training needs, as well as marketing solutions to improve
each discrete step.
The relatively new field of sales process engineering views “sales” as the output of a
larger system, not just as the output of one department. The larger system includes
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many functional areas within an organization. From this perspective, “sales” and
“marketing,” among others, represent a number of processes whose inputs and
outputs supply one another to varying degrees. In this context, improving an
“output” (such as sales) involves studying and improving the broader sales process,
as in any system, since the component functional areas interact and are
interdependent.
Many companies find it challenging to get marketing and sales on the same page.
The two departments, although different in nature, handle very similar concepts and
have to work together for sales to be successful. Building a good relationship
between the two that encourages communication can be the key to success – even in
a down economy.
Lead generation is the process of capturing the interest—and ideally the contact
information—of potential customers for your business. With the number of options
and resources available today, it is less likely now than ever before for a consumer
to make a purchase during their first encounter with a business.
Lead generation is the first step in building a relationship with a potential client or
customer. When an interested prospect becomes a lead, they are not just expressing
interest in your business, but also inviting you to nurture that interest. By giving you
their contact information, they are giving you permission to further the conversation.
The goal of generating leads is to connect with people who could benefit from your
business so that you can show what you have to offer, build trust, and provide the
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Information they need in order to make the purchase—thereby increasing the
chances that they do.
Lead generation takes many forms, and different strategies will work for different
businesses and audiences.
• Cold calling
• Going door to door
• Purchasing an email list
• Sending direct mail to all residents in your zip code
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With outbound lead generation, the business makes the first move. With inbound
lead generation, it’s the consumer. They decide if and when they want to engage
with your business. For this reason, it is also referred to as “permission marketing”.
Whether you’re taking an inbound or outbound approach, the key to all lead
generation is the offer. Examples of quality offers include:
• Free eBook in exchange for email address.
• Free consultation in exchange for a phone number.
• Free demo on an item in exchange for an in-store purchase.
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While they are exactly as they sound, online and offline lead generation aren’t
exactly as simple as they sound. These two methods of lead generation can
intertwine. For example, you may host a webinar (online), send out an email invite
with a link to signup (online), but also have a signup sheet in your store (offline).
• A salon creates a Facebook Ad with a 20% promo code, that shows up in users’
News Feeds.
• Local pastry chef uses SEO to show up first on directory searches such as Google
Maps.
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Lead generation is crucial to your small business. Now that you understand and have
examples for the four key areas of lead generation: inbound, outbound, online, and
offline, you can put them to use to grow— your small business.
Social media
With growth of social networking websites, social media is used by organizations
and individuals to generate leads or gain business opportunities. Many companies
actively participate on social networks including LinkedIn, Twitter and Facebook to
find talent pools or market their new products and services.
Online advertising
There are three main pricing models in the online advertising market that marketers
can use to buy advertising and generate leads:
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Cost per thousand (e.g. CPM Group, Advertising.com), also known as cost
per mille (CPM), uses pricing models that charge advertisers for impressions
— i.e. the number of times people view an advertisement. Display
advertising is commonly sold on a CPM pricing model. The problem with
CPM advertising is that advertisers are charged even if the target audience
does not click on (or even view) the advertisement.
Cost per click advertising (e.g. AdWords, Yahoo! Search Marketing)
overcomes this problem by charging advertisers only when the consumer
clicks on the advertisement. However, due to increased competition, search
keywords have become very expensive. A 2007 Doubleclick Performics
Search trends report shows that there were nearly six times as many
keywords with a cost per click (CPC) of more than $1 in January 2007 than
the prior year. The cost per keyword increased by 33% and the cost per click
rose by as much as 55%.
Cost per acquisition advertising (e.g. TalkLocal, Thumbtack) addresses the
risk of CPM and CPC advertising by charging only by the lead. Like CPC,
the price per lead can be bid up by demand. Also, like CPC, there are ways
in which providers can commit fraud by manufacturing leads or blending
one source of lead with another (example: search-driven leads with co-
registration leads) to generate higher profits. For such marketers looking to
pay only for specific actions/acquisition, there are two options: CPL
advertising (or online lead generation) and CPA advertising (also referred to
as affiliate marketing). In CPL campaigns, advertisers pay for an interested
lead — i.e. the contact information of a person interested in the advertiser's
product or service. CPL campaigns are suitable for brand marketers and
direct response marketers looking to engage consumers at multiple
touchpoints — by building a newsletter list, community site, reward program
or member acquisition program. In CPA campaigns, the advertiser typically
pays for a completed sale involving a credit card transaction.
Recently, there has been a rapid increase in online lead generation: banner and direct
response advertising that works off a CPL pricing model. In a pay-per-acquisition
(PPA) pricing model, advertisers pay only for qualified leads resulting from those
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actions, irrespective of the clicks or impressions that went into generating the lead.
PPA advertising is playing an active role in online lead generation.
PPA pricing models are more advertiser-friendly as they are less susceptible to fraud
and bots. With pay per click, providers can commit fraud by manufacturing leads or
blending one source of lead with another (example: search-driven leads with co-
registration leads) to generate higher profits for themselves.
A GP Bullhound research report stated that the online lead generation was growing
at 71% YTY— more than twice as fast as the online advertising market. The rapid
growth is primarily driven by the advertiser demand for ROI focused marketing, a
trend that is expected to accelerate during a recession.
A common advertising metric for lead generation is cost per lead. The formula is
Cost / Leads, for example if you created 100 leads and it cost $1000, the cost per
lead would be $10.
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5 Ways to Generate B2B Leads Online
In this section, we’ll cover the four strategies outlined above, as well as a strategy
that hasn’t been mentioned in any of the studies, yet it enabled one B2B company to
generate a 5,100% ROI from a $1 million investment.
First though, let’s talk about one of the oldest strategies in online marketing: email
marketing.
1. Email Marketing
Email marketing is one of the few online marketing channels that has stood the test
of time. In fact, email is 23 years old this year, and it still trumps the top spot on
many B2B marketer’s lists of B2B lead generation strategies.
One of the biggest trends in email marketing at the moment, that has generated great
results for many B2B businesses, is marketing automation.
Not sure what the fuss about marketing automation is? Read this. In short,
marketing automation tools are effectively hybrid email marketing tools that connect
with your CRM to enable you to automatically send highly targeted emails to leads
that are personalized specifically to them.
While traditional newsletters and email marketing are still important, the ability to
capture more data on users and use behavioral-triggers has enabled B2B marketers to
get a lot smarter with how they target users in the inbox.
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If 6-figure growth doesn’t get you excited, perhaps 10-figures (a billion) will.
Given the broad scope of content marketing, a good question to ask is what type of
content should B2B companies be focusing on to generate leads?
Well, you could go by which tactics are most commonly used by other B2B
companies (displayed below). The risk of this approach is that, by definition, you’ll
be doing what everyone else is doing.
“Whenever you find yourself on the side of the majority, it is time to pause and
reflect.” – Mark Twain
Whether you’re a contrarian marketer or prefer to stick to what’s working for others,
a good content marketing strategy requires a degree of diversity and
experimentation to understand where the biggest growth opportunities are for your
business.
So, by all means, experiment with the common and uncommon tactics. Whether you
use microsites, blogging, research reports, or info graphics, the important thing is to
test what does and doesn’t work so that you can gradually refine your
lead generation over time.
3. Search Marketing
Organic search marketing is arguably one of the most valuable long-term strategies
for generating B2B leads.
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About 5-6 years ago, I was working on the SEO campaign for a major business
stationery brand. It was one of my first ‘big campaigns’ that I was allowed to
manage in my previous job.
While I can’t take the credit (their in-house SEO team and previous agencies had
laid a great foundation for us), I watched the site’s revenue from SEO increase by
over £4 million, just from a handful of keywords reaching #1 on Google.
Getting to #1 in Google is a lot harder today than it was five or ten years ago, and it
can barely be summarized in a few sentences.
If I were to attempt it, though, I’d probably say that good SEO in 2015 is largely a bi-
product of doing things well in other areas e.g. design, conversion rate optimization,
content marketing, and social. While there are exceptions, this is increasingly
looking like the rule.
4. Social Media
Calling social media an effective B2B lead generation strategy is a controversial
discussion to be starting.
While social media scored very well on both of the aforementioned ‘studies’, we can
just as easily find reports where social media channels are regarded as the least
effective lead generation strategies.
The bottom line is, social media isn’t inherently a poor channel for B2B lead
generation. The reason social media is sometimes rated poorly on these aggregate
studies is because most B2B companies have an ill-fitting social media strategy, to
put it politely.
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One of the most obvious ways to generate B2B leads from social media is using
LinkedIn. An commodity risk management company managed to generate over $2
million in pipeline value through their lead generation strategy.
I believe it’s this: exceptional lead generation results come from a relentless
willingness to experiment with different tactics, and to combine tactics across
multiple channels.
Only by experimenting, can you truly know what does and doesn’t work, and when
you know this, you can use your time and budget more effectively to generate
higher returns on your investment, and better lead generation results overall.
I hope this post has given you some inspiration on what’s possible with B2B lead
generation, and which areas are best to focus on. As always if you have any
questions, or are interested in getting touch, feel free to comment below or drop me
an email here.
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Avoiding the leaky bucket effect
Many B2B marketers spend a lot of time, metaphorically, pouring water into leaky
buckets. Rather than fixing the bucket (the marketing funnel), they pour more water
(traffic) into the bucket to keep it full.
The biggest culprit here are landing pages and, in particular, your forms. Forms
separate your leads from non-leads, and have a huge impact on your conversion
rates and overall lead generation results. If you haven’t already, I’d recommend
optimizing your forms – or using a tool like Lead formly to ensure that you’re not
leaving leads behind from your marketing campaigns.
Let’s say you send 1,000 visits to your landing page at a cost of $3 per visit. If your
form converts at 1% you’ll get 10 leads at a cost per lead of $300. If, on the other
hand, your form converted at 3%, you’d receive 30 leads at a cost per lead of $100.
That’s 3X more leads for one third of the cost per leads without spending a penny
extra – just by improving your lead generation form.
Once your funnel is well-optimized and you’re confident that there’s no more
opportunity to improve your landing pages / funnels, it’s time to acquire traffic – but
which channels or lead generation strategies should you use?
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Social media marketing, or SMM, is a form of internet marketing that involves
creating and sharing content on social media networks in order to achieve your
marketing and branding goals. Social media marketing includes activities like
posting text and image updates, videos, and and other content that drives audience
engagement, as well as paid social media advertising.
We’ve created this guide to provide you with an introduction to social media
marketing and some starter social media marketing tips and training to improve your
business's social presence.
With these tips, you can begin developing your own social media marketing expert
plan.
Here are some questions to ask when defining your social media marketing goals:
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What are you hoping to achieve through social media marketing?
Who is your target audience?
Where would your target audience hang out and how would they use social
media?
What message do you want to send to your audience with social media
marketing?
Your business type should inform and drive your social media marketing strategy.
For example, an e-commerce or travel business, being highly visual, can get a lot of
value from a strong presence on Instagram or Pinterest. A business-to-business or
marketing company might find more leverage in Twitter or LinkedIn.
How Social Media Marketing Can Help You Meet Your Marketing Goals
Social media marketing can help with a number of goals, such as:
The bigger and more engaged your audience is on social media networks, the easier
it will be for you to achieve every other marketing goal on your list!
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Using Facebook for Social Media Marketing
Facebook is a place people go to relax and chat with friends, so keep your tone light
and friendly. And remember, organic reach on Facebook can be extremely limited, so
consider a cost-effective Facebook ad strategy, which can have a big impact on your
organic Facebook presence as well!
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Using Twitter for Social Media Marketing
Twitter is the social media marketing tool that lets you broadcast your updates across
the web. Follow tweeters in your industry or related fields, and you should gain a
steady stream of followers in return.
Mix up your official tweets about specials, discounts, and news with fun, brand-
building retweets. Be sure to retweet when a customer has something nice to say
about you, and don’t forget to answer people’s questions when possible. Using
Twitter as a social media marketing tool revolves around dialog and communication,
so be sure to interact as much as possible to nurture and build your following.
LinkedIn is one of the more professional social media marketing sites. LinkedIn
Groups is a great venue for entering into a professional dialog with people in similar
industries and provides a place to share content with like-minded individuals. It's also
great for posting jobs and general employee networking.
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Using YouTube for Social Media Marketing
YouTube is the number one place for creating and sharing video content, and it can
also be an incredibly powerful social media marketing tool. Many businesses try to
create video content with the aim of having their video “go viral,” but in reality those
chances are pretty slim. Instead, focus on creating useful, instructive “how-to”
videos. These how-to videos also have the added benefit of ranking on the video
search results of Google, so don't under-estimate the power of video content!
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CHAPTER-3
DATA COLLECTION
RESEARCH DESIGN: – The research design used in this study was both
‘Descriptive’ and ‘exploratory’.
SAMPLING TECHNIQUE:–
The selection ofi respondents will be doing on the basis of convenience sampling
(Non- Probability). Basically I will use random sampling method.
STASTICAL TOOLS:
MS-EXCEL will use to prepare pie- charts and graphs and MS-WORD will use to
prepare or write the whole project report.
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LIKERT SCALES:
Likert scales are the four, five, six, point scales much used in various fields of
research. Often the scale is used as a semantic differential.
RESEARCH DESIGN
The research design is purely and simply the framework of plan for a study that
guides the collection and analysis of data. Types of Research Design:
Exploratory Research – The main purpose of such studies is that of
formulating a problem for more precise investigation or of developing the
working hypotheses from an operational point of view.
Descriptive Research – Those studies which are concerned with describing
the characteristics of a particular individual, or of a group.
Hypothesis Testing Research – They are those where the researchers tests
the hypotheses of casual relationships between variables.
SAMPLE SIZE
Detail:
Size of Data 100
Area : New Delhi
Sampling Technique
Sampling techniques can be broadly classified in to two types:
Probability Sampling.
Non Probability Sampling.
Methods of Data Collection --- Testing Of Questionnaire
Primary Data:
Primary data is basically the live data which I collected on field while doing cold
calls with the customers and Ii shown them list of question for which I had required
their responses.
Source: Main source for the primary data for the project was questionnaires which I
got filled by the customers or sometimes filled myself on the basis of discussion
with the customers.
Secondary Data:
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Secondary data for the base of the project I collected from intranet and from
internet, magazines, newspapers etc.
Statistical Analysis
In this segment I will show my findings in the form of graphs and charts. All the
data which I got form the market will not be disclosed over here but extract of that in
the form of information will definitely be here.
TOOLS AND TECHNIQUES OF ANALYSIS
Bar chart (Bar charts will be used for comparing two or more values that will
be taken over time or on different conditions, usually on small data set )
Pie-chart (Circular chart divided in to sectors, illustrating relative magnitudes
or frequencies)
Tools and Techniques
As no study could be successfully completed without proper tools and techniques,
sames with my project. For the better presentation and right explanation I used tools
of statistics and computer very frequently. And I am very thankful to all those tools
for helping me a lot. Basic tools which I used for project from statistics are-
- Bar Charts
- Pie charts
- Tables
Bar charts and pie charts are really useful tools for every research to show the result
in a well clear, ease and simple way. Because I used bar charts and pie cahrts in
project fori showing data in a systematic way, so it need not necessary for any
observer to read all the theoretical detail, simple on seeing the charts any body could
know that what is being said.
Technological Tools
Ms- Excel
Ms-Access
Ms-Word
Above application software of Microsoft helped me a lot in making project more
interactive and productive.
34
CHAPTER -4
ANALYSIS & INTERPRETATION
Q.1. How you aware about Xiaomi Corporation?
Table No. 1:
Option No. of Respondents Percentage
TV Ads 20 20%
Friends 15 15%
Internet 30 30%
Interpretation: From the above graph shows that 20% of the respondents came to
know of Xiaomi Corporation through TV ads, 10% of the respondents through
magazines, 25% of the respondents through the existing customers and 15% of
respondents from friends, 30% of respondents through internet. The above graph
explained that majority of respondents are Existing customers ads and Internet.
35
Q.2. What is your perception about Xiaomi Corporation?
Table No. 2:
Particulars No. of Respondents Percentage
Good 45 45%
Ordinary 25 25%
No comment 25 25%
Poor 5 5%
Total 100 100%
Graph No.2:
Interpretation:
The above graph reveals that good perception comes from 45%, 25% have ordinary
perception about the Xiaomi Corporation and rest by 25% have No Comment, 5%
have poor perception.
36
3. : Xiaomi Corporation have Good Quality?
Table No. 3
Particulars Number of Respondent Percentage
Agree 45 45%
Disagree 5 5%
Graph No. 3
Interpretation:
The above graph shows that 35% of respondents strongly agree Xiaomi Corporation
have Good Quality, 45% agree, 15% Neither agree and 5% of respondents disagree.
37
4. Do you think Xiaomi Corporation Services are more Quality & beneficial
than others?
Table No.4:
Product No. of Respondent Percentage
Yes 65 65%
No 35 35%
Total 100 100%
Graph No.4:
38
5. : On the basis of price and feature comparison, is Xiaomi Corporation
economical?
Table. No.5:
Option No. of respondents Percentage
Extremely Agreed 15 15%
Highly agreed 20 20%
Agreed 45 45%
No Comments 12 12%
Disagreed 8 8%
Total 100 100%
GRAPH No. 5:
39
6. What is the Selling scale System of Xiaomi Corporation?
Table No.6
Option No. of Respondents Percentage
Excellent 35 35%
Good 25 25%
Fair 16 16%
Poor 12 12%
Very poor 12 12%
Total 100 100%
Graph No. 6
Interpretation: In the above graph shows that 35% of people says excellent about
selling scale system ofi Xiaomi Corporation, 25% Good, 16% Fair, 12% Poor and
rest 12% says very poor.
40
7. State the level of satisfaction for the Xiaomi Corporation Services?
Table No.7
Option No. of Respondents Percentage
Satisfied 65 65%
Dissatisfied 15 15%
Not at all satisfied 13 13%
Neither Satisfied nor 7 7%
dissatisfied
Total 100 100%
Graph No. 7
Interpretation: The above graph shows that 65% of respondents satisfied with
Xiaomi Corporation Services. Only 15% of respondents dissatisfied with its
Services.
41
8. How many years have you been using Xiaomi Corporation?
Table No.8:
Years No. of Respondent Percentage
1-2 Yrs 22 22%
2-3 Yrs 32 32%
3-4 Yrs 25 25%
More than 4 Yrs 21 21%
Graph No.8:
Interpretation: In the above graph shows that 22% of people using Xiaomi
Corporation1-2 years, 32% respondents using 2-3 years, 25% respondents using for
3-4 years and rest 21% respondents using More than 4 years.
42
9. Distribution of Respondents According to Occupation
Table No. 9
OCCUPATION RESPONDENTS PERCENTAGE
RETIRED 14 14%
PRIVATE JOB 12 12%
GOVT JOB 42 42%
STUDENT 16 16%
BUSINESS 16 16%
TOTAL 100 100
Graph No. 9
Interpretation : Out of 100 respondents 14% were retired,12% were private job
holders, 42% were government job officials, 16% were students and 16% were
businessman.
43
10. Distribution of Respondents According To Qualification
Table No. 10
QUALIFICATION RESPONDENTS PERCENTAGE
MATRICULATE 8 8%
INTER 12 12%
GRADUATE 64 64%
POST GRADUATE 16 16%
TOTAL 100 100%
Graph No. 10
44
11. Does Advertisement Influence your decision in choosing Xiaomi
Corporation Services?
Table No. 11
Particulars No. of Respondents Percentage
Yes 87 87%
No 5 5%
Can’t Say 8 8%
Graph No. 11
Interpretation: In the above graph shows that 87% of customer says yes
advertisement influence decision in choosing a Xiaomi Corporation.
45
12. How many years have you been using Xiaomi Corporation Product?
Table No. 12
Years Percentage
1-2 Yrs 10%
2-3 Yrs 10%
3-4 Yrs 16%
More Than 4 Yrs 64%
Graph No. 12
46
13. What is the selling scale System of Xiaomi Corporation Product?
Table No. 13
Particulars Percentage
Excellent 60%
Good 10%
Fair 10%
Poor 10%
Very poor 10%
Graph No. 13
Interpretation: The above graph showing that selling scale of Xiaomi Corporation
product is very enough. Rest customer says equally about this product.
47
14. Which factor is most liked by you?
Table No. 14
Option Percentage
Pricing 15%
Advertisement 70%
Quality 10%
Stylish 5%
Graph No. 14
48
15. Is there any complain from customer? If yes then why?
Table No. 15
Option Percentage
Price 15%
Product 20%
Quality 30%
Other 5%
No 30%
Graph No. 15
49
16) Which of these marketing applications have you used in the present?
Table No. 16
Total 50 100%
Graph No.16
Interpretation :
It reveals that Facebook Business Pages (24%), Free Webs (36%), Google adwords
(16%) & SMS Marketing use 24% marketing applications in present.
50
17) For which of your digital communications do you use analytics to track
audience response and behavior?
Table No. 17
Total 50 100%
Graph No.17
Interpretation :
It is observed that approx 36% of respondents use company website & 26% use
SMS Marketing to track audience response and behaviour.
51
18) In what ways do you currently communicate with your Staff members?
Table No. 18
Facebook 12 24%
Blogging updates 4 8%
Others 3 6%
Total 50 100%
Graph No. 18
52
4.2 FINDINGS
1. It reveals that 33% ofi the respondents came to know of Xiaomi Corporation
through TV ads, 24% of the respondents through magazines, 21% of the respondents
through the existing customers and 12% of respondents from friends, 10% of
respondents through internet. The above graph explained that majority of
respondents are TV ads and Magazines.
2. It reveals that good perception comes from 45%, 25% have ordinary perception
about the Xiaomi Corporation and rest by 25% have No Comment, 5% have poor
perception.
3. It is observed that 35% of respondents strongly agree Xiaomi Corporation have
Good Quality, 45% agree, 15% Neither agree and 5% of respondents disagree.
4. It reveals that 35% of people says excellent about selling scale system of Xiaomi
Corporation, 25% Good, 16% Fair, 12% Poor and rest 12% says very poor.
5. It is observed that Xiaomi Corporation are economical. 15% of public is
extremely agreed with this statement, 20% is highly agreed, 45% is agreed and rest
of peoples answer is negative.
6. It reveals that 65% of respondents says Xiaomi Corporation. are more quality and
beneficial than others. Only 35% of respondents Says No.
7. It is observed that 65% ofi respondents satisfied with Xiaomi Corporation
Services. Only 15% of respondents dissatisfied with its Services.
8. It reveals that 87% of customer says yes advertisement influence decision in
choosing a Xiaomi Corporation
9.Majority (37.5 %) of the retailers are aware of the Xiaomi Corporation. The next
majority (35 %) of the retailer awareness is about the XIAOMI CORPORATION
Services.
10.majority (55%) of the retailers have opinioned that they are satisfied with the
sales Xiaomi Corporation. A considerable proportion of the retailers have
opinioned only neutral about their satisfaction level.
8. It reveals that Most of the respondents purchase Electronic items & Gifts from
Online.
53
9. It reveals that 30% ofi respondent says TV, Newspapers (24%) & only 20% of
respondent says Online.
10. It is observed that 84% of respondents read the news through online and rest
16% of respondents don’t read the news through online.
11. It reveals that Facebook Business Pages (24%), Free Webs (36%), Google
adwords (16%) & SMS Marketing use 24% marketing applications in present.
54
CHAPTER – 5
CONCLUSIONS AND SUGGESTION
5.1 CONCLUSION
55
Digital Marketing provides a platform to innovative advertising to be
effectively used fori business growth of any industries.
Industry with use of Social Networking Sites can gain competitive advantage
by reducing advertising cost , create awareness, capture large market, able to
transact globally , can improve customer service quality and acquire new
customers.
5.2 SUGGESTIONS
56
CHAPTER 6
57
BIBLIOGRAPHY
BOOKS:
1. Brinlee D (2007). Does Internet Advertising
Work?http://www.askdeb.com/internet/advertising
Website:
https://www.mi.com/in/about/
https://en.wikipedia.org/wiki/Xiaomi
https://www.digitalvidya.com/blog/how-xiaomi-making-effective-use-of-
social-media-to-target-indian-consumers/
https://www.marketmechina.com/6514-2/
https://en.wikipedia.org/wiki/Social_media
http://whatis.techtarget.com/definition/social-media
58
ANNEXURE
1. How you aware about Xiaomi Corporation Services?
a) TV Ads b) Existing customers
c) Magazines d) Friends
e) Internet
2. What is your Perception about Xiaomi Corporation Services?
a) Good b) Ordinary
c) No Comments d) Poor
3. Xiaomi Corporation Services has Good Quality?
a) Strongly agree b) Agree
c) Neither agree d) Disagree
4. Do you think Xiaomi Corporation Services are more Quality & beneficial
than others?
a) Yes b) No
5. On the basis of price and feature comparison, is Xiaomi Corporation Services
economical?
a) Extremely Agreed b) Highly agreed
c) Agreed d) No Comment e) Disagreed
6. What is the selling scale System of Xiaomi Corporation Services?
a) Excellent b) Good c) Fair
d) Poor e) Very poor
7. State the level of satisfaction for the Xiaomi Corporation Services?
a) Satisfied b) Dissatisfied
c) Not al all satisfied d) neither satisfied nor dissatisfied
59
c) Easily available d) Diversified categories of product
10. How many years have you been using Xiaomi Corporation India?
a) 1-2 yrs b) 2-3 yrs
c) 3-4 yrs d) More than 4 years
11. What is the selling scale System of Xiaomi Corporation India?
a) Excellent b) Good
c) Fair d) Poor
e) Very Poor
12. Which factor is most liked by you?
a) Pricing b) Advertisement
c) Quality d) Stylish
13. Which of these marketing applications have you used in the present?
a) Facebook Business Pages b) Free Webs
c) Google Adwords d) Others
14. For which of your digital communications do you use analytics to track
audience response and behavior?
a) Company Website b) Facebook Pages
c) Email campaigns d) SMS Marketing
15. In what ways do you currently communicate with your chamber members?
a) E-Mail Newsletter b) Facebook
c) Mobile Device Application d) Text message marketing
e) Blogging Updates f) Others
16. Any Suggestions?
…………………………………
60