Market Analysis & Marketing Plan
Molly De Wald
RSAN 140: Marketing & Customer Analytics
Key Topics Covered:
Goals & Initiatives
Goals & Initiatives
Mission Statement: Soften, soothes, and smooths rough and dry skin for the ultimate moisturizing experience.
Value Proposition:
Objectives:
Elevator Pitch: "The moisturizer from America’s heartland. Pharmacist-made, fan-favorite. Making dry skin Udderly Smooth for over 40 years." *Fast-absorbing, non-greasy, dermatologist tested & oncologist recommended, to help people of all ages get Udderly Smooth skin!
Market Analysis
Industry Statistics
When looking at market research from Statista, data has revealed:
Industry Statistics (continued)
Research has recently revealed that:
Product Analysis
Industry Product Research/Trends
When considering beauty & skincare products research has revealed:
Top Udderly Smooth Products by Revenue
When considering Udderly Smooth’s top products by revenue in the last 12 months, their Google Analytics account revealed (based on when the company switched over to GA4 in 2023):
Top Dermatologist Recommended Skincare Brands in 2023
A recent article listed the best dermatologist recommended skincare brands in 2023, these are brands that would be considered competitors of Udderly Smooth, based off of their available products:
Additional brands not mentioned in the article, that could also be considered competitors on the market, include:
Target Audience
Target Audience
General Consumers: Udderly Smooth's lotions and creams are suitable for general consumers seeking effective and affordable skincare solutions for daily use, that is safe and cruelty-free. This would include all genders, and both adults & children, with a wide range of interests (home & gardening, media & entertainment, news & politics, sports, shopping & fashion, cooking & dining enthusiasts).
Active Lifestyle: Athletes and active individuals who often experience dry skin and irritation. Udderly Smooth's products can provide relief for those active individuals looking to maintain healthy skin, despite vigorous activity.
Farmers and Outdoor Workers: Since Udderly Smooth's brand originated in the agricultural industry, it’s important to still target farmers and outdoor workers who face skin challenges due to exposure to harsh environmental conditions.
Parents: Udderly Smooth can target parents looking for gentle and safe skincare products that are safe for their babies and children, while minimizing risk for allergic reactions.
Target Audience (continued)
Older populations: The 55+ age group could be targeted, especially if they have dry or sensitive skin that requires special care (medical conditions may require sensitive skin products, as hypersensitivity may result from various medical treatments and/or medications).
Eco-Conscious/Sustainability Consumers: Udderly Smooth could target environmentally conscious consumers who prefer products with clean ingredients and sustainable packaging.
Healthcare Professionals: Since Udderly Smooth products are dermatologist and oncologist recommended, they could target healthcare professionals who will want to promote Udderly Smooth products to their patients. Additionally, given that healthcare professionals are frequently using antibacterial hand soap and sanitizers, they could target medical professionals who have dry skin due to their profession.
*Further target audience user analysis details & demographics (from Udderly Smooth’s GA4 account) can be found in the Website User Analysis section.
Audience:
Website User Analysis
Website: User Analysis
*Visual charts on the next slides.
When looking at Udderly Smooth’s user attributes and demographics in Google Analytics, the data revealed that over the past 12 months (from the time which Udderly Smooth switched to GA4, the exact month is unknown):
Website: User Analysis
Website: User Analysis (continued)
Audience Persona (B2C)
Audience Persona (B2B)
SWOT Analysis
Strengths
Weaknesses
Opportunities
Threats
Marketing & Advertising Plan
Goals & Strategy
Marketing/Advertising Goals & Strategy
Marketing/Advertising Goals & Strategy (continued)
Marketing/Advertising Goals & Strategy (continued)
First Phase - Aligning Goals + Responsibilities:
Second Phase - Website Content Updates (more details in Website Content Plan section):
Third Phase - Refresh Digital & Traditional Marketing Strategy:
Marketing/Advertising Goals & Strategy (continued)
Third Phase (continued):
Marketing/Advertising Goals & Strategy (continued)
Third Phase (continued):
Fourth Phase - Partnerships + Traditional Marketing/Advertising:
Marketing/Advertising Goals & Strategy (continued)
Fifth Phase - Measure Results and Optimize:
Marketing/Advertising Funnel
Awareness
Interest
Desire
Action
Website Content Plan
Website Content: What’s Working
When considering Udderly Smooth’s current website, the company excels at:
Website Content: Ideas for Improvement
When considering what Udderly Smooth could improve upon with their website in order to help increase traffic to the site, humanize the company, and provide value to customers, with the hope to ultimately better target their audience & increase sales:
Website Content: Ideas for Improvement (continued)
*Add a search bar in the top navigation menu.
Website Content Examples - Avène:
Website Content Examples - Aveeno:
Website Content Examples - CeraVe and Eucerin:
Website KPIs for Content Strategies
Website KPIs for Content Strategies:
Website KPIs for Content Strategies:
Strategic Analysis & Implementation:
After researching and analyzing Udderly Smooth’s GA4 account, I think that it’s really important for the company to increase site visitors through brand awareness, time spent on the landing pages, lower the abandonment rate and drop offs in the customer journey (particularly from page views to purchases), and increase the number of conversions (which I hope would result in an increase in revenue and higher AOV).
I think that it’s critical to prioritize the most important areas to improve by creating a strong content plan for the website, as well as paid media, and organic social strategies. By creating a strong website content plan, this will (hopefully) help us to better understand Udderly Smooth’s audience, and recognize the various types of content that will perform better on the website. I also think that it could help to create A/B tests for specific landing pages to measure which type of content performs best.
Additionally, I think that it’s important to provide customers with informative and educational content (for example, blog content, videos, infographics, etc.) that can provide value, to hopefully result in an increase in brand loyalty, and ultimately, sales. Research has shown that relevant information that addresses the needs of a company’s audience can establish trust and credibility, which in turn, motivates customers to make a purchase.
Social Media Statistics & User Analysis
Social Media Statistics & User Analysis - General
Social Media Statistics & User Analysis - General (continued)
Social Media Statistics & User Analysis - Platform
Social Media Statistics & User Analysis - Platform (continued)
Social Media Content - What’s Working
Social Media Content - What’s Currently Working
Social Media Content - What’s Currently Working (continued)
Social Media Content:
Future Strategy for Improvement - Organic
Organic Social Media Content - Future Strategy for Improvement
Organic Social Media Content - Future Strategy for Improvement
Organic Social Media Content - Future Strategy for Improvement
Organic Social Media Content - Future Strategy for Improvement
Organic Social Media Content - Future Strategy for Improvement
Social Media Content:
Future Strategy for Improvement - Paid Media
Paid Media Content - Future Strategy for Improvement
Meta ads:
*Keep in mind that personalization & product recommendations are important aspects of paid media advertising, customers don’t want to feel as though they are “one of the many,” they want to feel a connection to the company/brand. I would consistently run paid media campaign sets - changing the ads in each set based on promotions, seasons, etc., and adjusting the budget as necessary.
Paid Media Content - Future Strategy for Improvement
TikTok ads:
Google ads:
Paid Media Content - Future Strategy for Improvement
Spotify ads:
Hulu Ads:
Paid Social Media Content - Future Strategy for Improvement - Competitor Examples
Paid Social Media Content - Future Strategy for Improvement - Competitor Examples
Social Media KPIs (paid & organic)
Social KPIs for Organic:
Social KPIs for Paid Media:
Strategic Analysis & Implementation:
When looking at organic social KPIs (FB, Instagram, YT Shorts/Videos, and TikTok), I think it’s important to look at impressions, reach, link clicks (making sure to utilize UTM tracking for URLs), engagement, engagement rate, video views, average view duration, and video playthrough/completion (when posting video content on the organic channels). When sharing blog content, I would use URL tracking to look at which organic social channels the page visits are coming from, and the time spent on the pages from those organic channels. When encouraging email signups through a link on organic social, it’s important to track which channel the signups are coming through, and how many signups occurred, or this could refer to loyalty program subscriptions as well. I do think it’s also important to track customer reviews on the channels and implement a way to track customer satisfaction scores.
Additionally, it’s important to promote various seasonal sales, themes (daily/weekly/monthly, for example “Tuesday Tips” or “Testimonial Tuesday,” etc.), national holidays (this includes “awareness” days/months, such as “National Eczema Awareness Month”), include posts that demonstrate the benefits of the products, feature relevant medical professionals (oncologists/dermatologists), partner with influencers, and to “humanize” the company through “behind the scenes” videos and “Meet the Team” posts. It would help Udderly Smooth to continue to focus on providing content that is relevant, relatable, and informative, in order to provide value to customers.
For paid media, the KPIs that I believe Udderly Smooth should focus on for an increase in return on investment (ROI) vary based on the objectives of each of their campaigns. I would avoid putting too much emphasis on vanity metrics, such as “likes” and “follows,” as I think these are irrelevant to overall campaign and conversion objectives. Even for brand awareness campaigns, I would focus more on traffic (site visits) for conversions, and monitor reach/impressions, as opposed to other vanity metrics (“follows” and “likes”). If promoting blog content in a campaign on the channels, I would look at the traffic along with time spent on the landing page. Additionally, I think that it’s important to set up UTM tracking URLs to help monitor conversions and goals/events from each social media channel and the campaigns.
Strategic Analysis & Implementation:
For Udderly Smooth, I think it’s important to monitor ROAS on the paid media campaigns (such as Meta, TikTok, YT, Hulu, and Spotify) that are directed at increasing purchases/conversions, as well as cost per acquisition (CPA)/cost per conversion (CPC), click-through-rate (CTR), the number of conversions, and the conversion rate. For YouTube and TikTok, there are various video KPIs to measure, including consumer engagement, conversions, conversion rate, reach, impressions CTR, average view duration, number of video views, cost per view, and video playthrough (this can also be called completion rate - looking at 25%, 50%, 75%, and 100%) to monitor the drop-offs and how to effectively optimize video content, as well as ROAS when applicable. When implementing traffic/brand awareness campaigns on paid social, I believe it’s important to measure engagement and engagement rate, CTR, and conversions (those going to the website landing page), and time spent on the pages.
Further, I think that in retail, for organic social and paid media, it could be helpful to implement platform specific promo codes, in order for the promotions/website merchandising team to track the number of redemptions from each code. These coupon redemptions could be considered a KPI on both organic and social channels, and it would be helpful to see whether organic social or paid ads have a greater influence on total redemptions (there could be one code for all of organic social and one code for all of paid media, or multiple codes for each organic channel and each paid channel).
In short, it’s important to adjust the marketing plan, strategies, and KPIs as necessary, depending on the various campaign goals and objectives, while continuously measuring and focusing on conversion rate optimization, to ensure that Udderly Smooth is set up for success!
Sources
Sources
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Sources (continued)
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ChatGPT. (2023). Brainstorming Target Audience Categories & Marketing Plan SWOT Ideas for Udderly Smooth.
*Udderly Smooth’s GA4 account.