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Santana Christian Izza Khalid Lindsay Coleman Lovely Garcia DRTL 3090 – Company Paper
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Family owned business novice- a home furnishings company Small corporation with four locations in the DFW area- Allen, Plano, Grapevine and Flower Mound Product assortment sold varies from casual to fine dining, bedroom and living room suites, media room furniture, home décor, and more Products are generally considered high-end Furniture styles Traditional, transitional, contemporary and modern About the Company
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Consumers between the ages of 35 to 65 Income levels between $75,000 - $99,999 Consumers in the DFW metroplex Stacy’s is currently the only furnishings store with the largest selection of furniture available in DFW Brands include Bernhardt, Hooker Furniture, Stickley, riverside, Action Lane, Mayo and Flexsteel Stacy Furniture is partnered with HGTV (Home & Garden Television) in promotions and sweepstakes Target Market & Value
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SWOT STRENGTHS Company website with general information Facebook page that is update frequently with upcoming promotional events Consistent brand image between the website and the Facebook page Also have slogan SEO and Meta tags Searching ‘Stacy’ results in the website being one of the first links Searching ‘furniture dfw’ also brings up Stacy Furniture STRENGTHS Partnership with HGTV builds brand awareness nationally and provides credibility Commercials already in place to reach target market (Consumers ages 35-65)
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SWOT WEAKNESSES Company website lacks important information such as product specification Not Social Media Integrated- only has one platform OPPORTUNITIES Website improvements Cohesive Social Media Strategy HGTV partnership emphasis THREATS Direct Competitors Ashley Furniture Haverty’s
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Limited social media connections Large lack of infiltration Only on Facebook Website is not user friendly Has no balance between text and images Is not aesthetically pleasing Important links are located towards the bottom of the page Successful in SEO and use of Meta tags Current Digital Strategy
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Updated website Correctly placed social media network links Helpful hints Replace monochromatic color palette with text and imagery more aesthetically pleasing Advertise design services (Uses Stacy Furniture products only) Provide catalog of products and their respective specifications Pop-up before entering site to join mailing list or view current promotion New Digital Strategy
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Join majority of social media networks Facebook Ads Twitter HGTV Collaboration and Sweepstakes Instagram and Tumblr (Blog) Creative sets, and product placement inspiration Link all information between the four sites to provide cohesiveness New Digital Strategy
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Website Mock-ups
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Facebook Mock-ups
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Twitter Mock-ups
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Instagram: Mock-ups that are created through this outlet are created in ‘set’ form to show optional product uses and encourage purchases These sets are shared throughout other social media networks for Stacy’s, including Facebook, Twitter, and Tumblr Mock-ups
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Mock-ups Continued Instagram: Mock-up example continued This sample shows product placement for a chest of drawers
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Blog- stacyfurnituredfw.tum blr.com A blog will provide a central hub between all social media links and allow Stacy Furniture to become more visual. Stacy Furniture will become enabled to post inspiration as well as their new inventory. Mock-ups
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Financial Plan Costs not included in the budgeting plan to the right are employee wages and utility costs to manage social media networks and Stacy Furniture Website. Total Projected Total: $5259 - $10925
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Revised SWOT Analysis STRENGTHS Company website provides emphasis equally on imagery and text Important links are easily viewable and identifiable Pop-ups before entering page increase brand awareness and responsiveness Products listed and specifications increase in- store customer traffic SEO is continues to be important for the company WEAKNESSES There is no E- Commerce webpage The website currently does not allow for the completion of purchase transactions Consumers do however have the option to purchase on the website via PayPal
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Revised SWOT Analysis OPPORTUNITIES Continue to emphasize partnership with HGTV The opportunity to receive more feedback from consumers through more social outlet than just Facebook THREATS Ashley Furniture Haverty’s
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Collier, M. (2012). How much does social media costs companies in 2012?. Retrieved from http://www.mackcollier.com/cost-of-social-media-in-2012/ http://www.mackcollier.com/cost-of-social-media-in-2012/ Facebook (2013). Campaign Cost & Budgeting. Retrieved from https://www.facebook.com/help/318171828273417/https://www.facebook.com/help/318171828273417/ Kelly, N. (2010). 4 ways to measure social media and its impact on your brand. Retrieved from http://www.socialmediaexaminer.com/4-ways-measure-social-media-and-its-impact-on-your-brand/://www.socialmediaexaminer.com/4-ways-measure-social-media-and-its-impact-on-your-brand/ Ker, C. (n.d.). Social media marketing and management rates. Retrieved from http://kercommunications.com/pricing/social-media-marketing-management-rates/ http://kercommunications.com/pricing/social-media-marketing-management- Social Ads Tool (2013). Facebook Ads Guide. Retrieved from http://www.socialadstool.com/facebook-ads- guide/facebook-ads-cost/http://www.socialadstool.com/facebook-ads- guide/facebook-ads-cost/ Stacy furniture. (2013). Retrieved from http://www.stacyfurniture.com Subscribe to tweetreach pro. (2013). Retrieved from http://tweetreach.com/planshttp://tweetreach.com/plans Twitter. (2013, March 31). [Web log message]. Retrieved from http://blog.twitter.com/2013/03/annncng-twttr.html Vahl, A. (2012). 4 ways the new facebook insights can grow your fans. Retrieved from http://www.socialmediaexaminer.com/4-ways-the-new-facebook-insights-can-grow-your-fans/://www.socialmediaexaminer.com/4-ways-the-new-facebook-insights-can-grow-your-fans/ World Market Center. Consumer buying trends. (2011). Furniture Today, Retrieved from http://www.scribd.com/doc/52877062/Furniture-Today-Consumer-Buying-Trends http://www.scribd.com/doc/52877062/Furniture-Today-Consumer-Buying-Trends References
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