MID TERM IIP Report
MID TERM IIP Report
MID TERM IIP Report
Mid-Term Report
Faculty Mentor – Raj Chakraborthy
1
Ta
ble Of Content
2
Executive Summary
This report examines the marketing strategies of Li-Ning Studio, a prominent player
in the badminton equipment market. It analyzes the company's position within the
industry, identifies key challenges, and proposes strategic solutions. The primary
objective is to enhance online presence and market share of Li-Ning Studio's brand
through effective social media marketing and digital initiatives.
The global badminton market is expected to grow from USD 5.7 billion in 2023 to
USD 8.3 billion by 2027, at a CAGR of 7.4% during the forecast period. The growth
of the market is attributed to the increasing popularity of badminton as a
recreational and competitive sport, the rising disposable income of consumers, and
the growing awareness of the health benefits of badminton.
Market Drivers:
3
Health Benefits: Awareness of badminton's positive impact on physical and mental
health, like improved reflexes, cardiovascular health, and stress reduction.
Market Segments:
Facilities: Badminton courts, indoor and outdoor complexes, academies, and clubs.
Challenges:
Competition from other sports: Badminton needs to compete for attention and
resources with other established sports.
4
Player development: Investing in talent identification, training, and coaching across
all levels.
Li-Ning Studio is the e-commerce wing of Sunlight Sports, the exclusive distributor of
Li-Ning in Singapore, India, Malaysia, Indonesia, Thailand, Dubai, and several other
countries. Li-Ning is a renowned sporting goods company specializing in premium
badminton equipment and apparel.
Under Li-Ning studio it has two brand in India one is Li-Ning and other is Hundred.
Li-Ning Studio offers a wide range of badminton products for players of all levels,
from beginners to professionals. Here are some of the key product categories:
Badminton shoes: Li-Ning's badminton shoes are known for their durability, comfort,
and support. They come in various designs and colors to match your style.
5
Here are some of the factors that have contributed to Li-Ning Studio's success in
India:
Focus on quality and innovation: Li-Ning Studio is known for its high-quality
products and innovative designs. This has helped the company to establish a strong
reputation among badminton players in India.
Strong online presence: Li-Ning Studio has a user-friendly website and a strong
presence on social media. This has made it easy for customers to learn about and
purchase Li-Ning products.
Competitive pricing: Li-Ning Studio offers its products at competitive prices, which
has made them an attractive option for budget-conscious badminton players in India.
Li-Ning Studio is well-positioned to continue its growth in the Indian market. The
company plans to expand its product range, invest in marketing and promotions, and
open more physical stores in India. With its focus on quality, innovation, and
affordability, Li-Ning Studio is sure to be a major player in the Indian badminton
market for many years to come.
The primary challenge for Li-Ning Studio is enhancing its online visibility and
converting its online presence into sales. Despite a strong product line, the company
faces intense competition in the e-commerce space for badminton equipment.
Problem Framing:
Objective: To increase Li-Ning Studio's market share in the e-commerce domain by
leveraging social media marketing and enhancing customer engagement.
Constraints
SWOT Analysis:
• Strengths:
High-quality products
strong brand reputation.
• Weaknesses:
Limited online visibility
lack of creativity in Marketing
• Opportunities:
• Threats:
Intense competition
changing consumer preferences.
PESTCL Analysis:
• Political:
a) Government investment in sports infrastructure.
b) Government support for badminton development.
• Economic:
a) Rising disposable income of consumers.
b) Economic growth in India.
c) Fluctuations in currency exchange rates.
• Social:
a) Growing popularity of badminton as a recreational and competitive sport in
India.
b) Increasing awareness of the health benefits of badminton.
c) Social media influence.
7
• Technological:
a) Advancements in badminton equipment & technology. (AR/VR)
b) Growing use of social media and e-commerce.
• Legal:
a) Compliance with international trade laws, and e-commerce regulations.
b) Product safety and quality regulations.
• Cultural
a) Sustainability concerns in product manufacturing and packaging.
b) Brand perception and cultural values.
c) Local sporting events and sponsorships
Impact: Limited brand awareness can hinder customer acquisition and loyalty,
making it essential to focus on increasing visibility and recognition.
Low social media engagement: Low follower count, likes, comments, and
shares on social media platforms.
Impact: Low social media engagement limits the brand's ability to reach and
8
connect with the audience, affecting brand loyalty and online community
development.
Website traffic and conversion rates: Low website traffic and conversion rates
from social media to actual sales.
Impact: Limited budget affects the scale and reach of marketing initiatives,
demanding a strategic allocation of funds to activities that yield the highest
impact.
Critical Factors
Some of the critical factors that have the highest impact on the project are as
follows:
9
Analysis or Deconstruction
1. Brand Awareness:
HR: Upskilling the marketing team in brand storytelling and online reputation
management can strengthen brand messaging and engagement.
10
2. Engagement and Content Strategy:
Marketing: Creating interactive content (polls, quizzes, contests) and hosting live
sessions with players or coaches can boost engagement and build communities.
HR: Fostering a culture of creativity and collaboration within the marketing team can
lead to more engaging and relevant content.
Technology: Utilizing social media listening tools to identify trending topics and user
interests can inform content creation and ensure relevance.
HR: Investing in training the marketing team on data analysis and audience
segmentation can unlock deeper customer insights and inform targeted marketing
strategies.
11
Generated Options
Concept Integration:
Finance: Invest in influencer partnerships and content creation for maximum reach
and engagement. Track ROI through website traffic, sales conversions, and brand
sentiment analysis.
HR: Upskill the marketing team in influencer marketing strategies and negotiation
skills. Build strong relationships with relevant influencers for long-term
collaborations.
Pros:
Improved targeting: Reach specific player segments with relevant messages and
product recommendations.
Cons:
Finding the right influencers: Identifying authentic and relevant influencers with the
right reach and target audience can be challenging.
12
deliverables require clear communication and legal considerations.
Concept Integration:
Marketing: Host interactive contests, live sessions with players/coaches, and Q&A
sessions on social platforms to build a vibrant community around badminton.
Analytics: Analyze user behavior, preferences, and sentiment expressed within the
community to inform content creation and community management strategies.
Pros:
Cons:
13
requires sensitivity and proactive solutions to maintain a positive community
atmosphere.
Concept Integration:
Pros:
Cons:
Limited audience: Not all customers may have access to or interest in VR technology.
Methodology:
Target Audience Identification: Utilize social media analytics tools to identify key
demographics, interests, and playing levels within the badminton community.
Influencer Selection: Choose badminton influencers with strong engagement,
relevant audience demographics, and brand alignment. Negotiate partnerships and
content briefs.
Community Building Strategy: Develop a content calendar and engagement plan for
social media platforms. Define contest themes, live session topics, and interactive
elements.
Project Management: Create a Gantt chart outlining key tasks, deadlines, and
responsible team members. Utilize PERT or CPM for complex dependencies and
timeline forecasting.
15
Phase 3: Evaluation and Optimization (Month 4)
Balanced Scorecard (BSC) Development: Define BSC metrics for brand awareness,
customer engagement, financial performance, and internal processes. Track progress
and adjust strategies to achieve overall objectives.
Tools Used
16
Meta post manager: Schedule social media posts across platforms, collaborate with
team members, manage multiple accounts, track engagement metrics, and gain
insights into social media trends.
Buzzsumo: Research popular content and trending topics within the badminton
niche, identify relevant influencers, and analyze competitor social media strategies.
Influencer Marketing Platforms:
WordPress: Create and manage engaging website content, including blog posts,
product descriptions, and landing pages, optimize SEO for improved online visibility,
and integrate with social media platforms.
Asana: Organize and track campaign tasks, assign responsibilities to team members,
set deadlines, manage workflows, and monitor project progress in real-time.
Trello: Visualize campaign workflows, collaborate on tasks, share ideas, and track
progress through kanban boards, ensuring efficient project execution.
YouTube Live: Host live sessions with badminton players, coaches, or influencers to
create interactive content, answer audience questions, and build brand engagement.
Power BI: Transform complex data into visually compelling reports, identify trends
and patterns, share insights across the organization, and support data-driven
decision making.
Semrush: Analyze competitor social media campaigns, identify content gaps, track
brand mentions, and benchmark Li-Ning Studio's performance against industry
leaders.
Define key performance indicators (KPIs) across four perspectives: financial (sales,
ROI), customer (engagement, satisfaction), internal processes (efficiency,
innovation), and learning & growth (employee skills, brand awareness).
Track progress towards these goals, identify areas for improvement, and ensure
strategic alignment throughout the organization.
HR Tools:
SERVQUAL: Assess the quality of customer service and interactions on social media
platforms, identify gaps between customer expectations and service delivery, and
implement measures to improve customer satisfaction.
18
Improved campaign performance: Real-time monitoring and optimization with the
help of tools allow for adjustments to improve engagement, reach, and conversion
rates.
To ensure seamless collaboration with the client's team, the following approaches
will be adopted:
Regular Communication:
Establish regular communication channels, such as weekly or bi-weekly
meetings, to discuss progress, challenges, and upcoming initiatives.
Training Sessions:
Conduct training sessions for the client's team on tools such as HubSpot, Salesforce,
and social media analytics platforms to enhance their understanding and
collaboration.
Shared Dashboards:
Create shared dashboards on tools like Tableau or Power BI to provide real-time
insights and updates, fostering collaboration and data-driven decision-making.
Joint Workshops:
Organize joint workshops to align strategies, share best practices, and address any
challenges, ensuring a unified approach to achieving goals.
19
Regular Feedback Loops:
Establish feedback loops to encourage open communication, allowing for continuous
improvement and adaptation of strategies based on collective insights.
Cross-Functional Teams:
Form cross-functional teams with members from both Li-Ning Studio and the client's
team to ensure collaboration across departments and effective execution of
initiatives.
By adopting these collaborative approaches, Li-Ning Studio and the client's team can
work together synergistically, leveraging each other's strengths and expertise for the
successful implementation of social media marketing initiatives.
Resource Constraints: Given the limited budget and small team, efficiently
utilizing resources for maximum impact is a significant challenge.
Key Takeaways
Quantify the impact: Instead of just stating its importance, provide specific
examples of how your targeted marketing efforts benefited Li-Ning Studio. Did
you identify a niche audience and tailored campaigns specifically for them?
Did data analysis help you optimize ad spend and reach a wider audience with
lower cost?
20
exemplifies your targeted approach. Describe the goals, target audience,
tactics used (e.g., social media ads, influencer partnerships), and measurable
results achieved (e.g., increased website traffic from a specific demographic).
Go beyond just content: While unique content is important, explain how Li-
Ning Studio differentiated itself in other aspects, such as product design,
customer service, or community engagement initiatives. Did you launch
innovative product features? Did you create unique customer loyalty
programs? Provide specific examples and their impact.
Show results and case studies: Did VR experiences lead to higher product
purchase intent? Did influencer collaborations increase brand mentions and
online conversations?
Suggestions
21
Continue Innovating in Digital Marketing: Li-Ning Studio should continuously explore
emerging digital marketing trends, such as AI-driven personalized advertising, to stay
ahead in the competitive landscape.
Diversify Product Line: Introduce new and innovative products targeting different
segments of the badminton community, from amateurs to professionals, to cater to
a broader audience.
Scaling Social Media Strategies: Expand the successful social media initiatives to
other regional markets, adapting content to local preferences and trends.
Conclusion
The internship at Li-Ning Studio is providing me valuable insights into the challenges
and opportunities in the badminton equipment market. The implementation of
targeted social media strategies and innovative marketing approaches demonstrated
positive impacts on brand visibility, customer engagement, and sales.
For sustained growth and market penetration, Li-Ning Studio should continuously
adapt and innovate in its marketing strategies, product offerings, and customer
engagement initiatives.
22
23