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Best Buy
Founded in 1966 by Richar M. Schulze. Originally named Sound of Music.
selling televisions, computers, home appliance and phones
“the company of the year” in 2004 by Forbes Magazine.
Most admire company in 2006 by Fortune Magazine
with more than 180,000 employees in 4, 000 stores .
Goal/ Goal in Social Media
-Goal
Expansion within current market
increase 10 % of revenue in 2015
(40.34 billion in 2015 )
trying to be the largest consumer electronic corporation in the world
- Goal in social Media
further relationship with current customers
Increase online sales
Target Customer
Male49%
Female51%
Average consumer age of best buy
shopper is 38
Age of core customer : 25-54
College Students – 40 %
Big Idea
Video product reviews and fully explanation of currently hot selling items
provide compare list
coupons and discounts will be given out after you signed up for Best buy memebers via official website.
Budget
Google adwords (pay per click )
$150(daily)*365 = 54750
Print Media
60k ( whole year )
TV commercial
70k
commerical in social media
50k
Total – 5.4k + 60k + 70k +50k = 185.4 k
Measure
Based on Annual report
Social media - retweet, share, and like
google adwords – pay per click