the impact of Key Opinion Leaders (KOLs) on purchase decisions in the context of Marketing 5.0, incorporating the method, objective, and significance
nadhtsarwa17
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11 slides
May 25, 2024
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About This Presentation
the impact of Key Opinion Leaders (KOLs) on purchase decisions in the context of Marketing 5.0, incorporating the method, objective, and significance:
"A Game-Theoretic Analysis of Key Opinion Leader Influence on Consumer Purchase Behavior in the Age of Marketing 5.0"
Method: Game-theor...
the impact of Key Opinion Leaders (KOLs) on purchase decisions in the context of Marketing 5.0, incorporating the method, objective, and significance:
"A Game-Theoretic Analysis of Key Opinion Leader Influence on Consumer Purchase Behavior in the Age of Marketing 5.0"
Method: Game-theoretic modeling, social evolution game theory
Objective: Examine the strategic interactions between KOLs, firms, and consumers, and their impact on purchase decisions
Significance: Inform marketing strategies and policies in the evolving Marketing 5.0 landscape
"Quantifying the Economic Impact of Key Opinion Leader Endorsements: A Structural Econometric Approach to Marketing 5.0"
Method: Structural econometric modeling, causal inference
Objective: Estimate the causal effect of KOL endorsements on consumer demand and firm revenue
Significance: Provide empirical evidence for firms to optimize their KOL marketing investments
"Evaluating the Return on Investment of Key Opinion Leader Marketing in the Marketing 5.0 Era: A Cost-Benefit Analysis"
Method: Cost-benefit analysis, return on investment (ROI) calculation
Objective: Assess the economic viability and profitability of KOL marketing strategies
Significance: Guide firms in allocating marketing resources efficiently in the Marketing 5.0 context
"Exploring the Dynamics of Key Opinion Leader Influence and Consumer Trust in Marketing 5.0: An Agent-Based Modeling Approach"
Method: Agent-based modeling, simulation
Objective: Investigate the complex interactions between KOL influence, consumer trust, and purchase decisions
Significance: Provide insights into the evolution of consumer behavior and market dynamics in Marketing 5.0
"Optimizing Key Opinion Leader Selection and Engagement Strategies for Maximizing Marketing ROI in the Marketing 5.0 Paradigm"
Method: Optimization modeling, machine learning
Objective: Develop algorithms and models to identify and leverage the most effective KOLs for marketing campaigns
Significance: Enhance the efficiency and effectiveness of KOL marketing strategies in the Marketing 5.0 context
Size: 3.21 MB
Language: en
Added: May 25, 2024
Slides: 11 pages
Slide Content
浙江工业大学演示模板 POWERPOINT TEMPLATE Modelling the Impact of KOLs on Purchase Decision in Marketing 5.0: A Social Evolution Game Perspective Muhammad Aflah 2270702001 Research Proposal
1. Introduction Marketing 5.0 Marketing 5.0 represents a significant evolution in the marketing landscape, integrating advanced technologies such as artificial intelligence (AI), big data, the Internet of Things (IoT), and blockchain to create personalized and humanized marketing experiences (Mishra, 2023).
2. Importance of KOLs in Marketing 5.0 Role of Key Opinion Leaders (KOLs) Influencers shaping consumer behavior and purchase decisions Trust-building and engagement through authentic content Impact on Marketing Strategies KOLs as valuable assets in modern marketing Increasing importance across various platforms (Xia, 2022) Key Opinion Leaders
3. Research Objectives Main Goals Analyze the impact of KOLs on consumer purchase decisions Apply the SEGINE model to understand KOL dynamics Specific Objectives Identify key factors influencing KOL effectiveness Develop strategies to optimize KOL use in marketing
4. Literature Review - Historical Context From Traditional Media to Social Media: KOLs transitioned from celebrities in TV, print, and radio (one-way communication) to influencers on Instagram, YouTube, TikTok. Emergence of Micro-Influencers: Smaller, niche audiences. High engagement and perceived authenticity. Technological Integration for Contextual Marketing AI: Analyzes data to identify and assess KOLs, personalizes content based on audiences. IoT: Collects data on consumer interactions, enabling real-time engagement. (Teixeira, 2023).
5. Literature Review – Current Landscape KOL Influence Mechanisms Trust-Building: Authentic and relatable content. Engagement: High interaction (likes, comments, shares). Conversion Metrics: CTR: Percentage of clicks on KOL links. Conversion Rate: Percentage of purchases or actions post-click ( Gonu et al., 2022). Price Promotions: Unique tracking links and promo codes drive immediate sales. Product Information: Detailed reviews and tutorials help informed decisions (Xia, 2022)
6. Methodology Data Collection From KOLs: Performance metrics: Likes, comments, shares, views. Unique tracking links and promo codes. From Consumers: Click data: Number of clicks on tracking links/promo codes. Conversion data: Purchases, sign-ups (Wu et al., 2022). Modelling and Simulation (SEGINE Model): Simulates KOL-consumer interactions. Analyzes influence on consumer behavior over time. Predicts outcomes of KOL strategies (Sun et al., 2023).
7. Research Plan Phase 1: Literature Review and Theoretical Framework (Months 1-2) Phase 2: Data Collection (Months 3-5) Phase 3: Data Analysis and Modelling (Months 6-8) Phase 4: Report Writing and Review (Months 9-10) Phase 5: Final Presentation and Submission (Month 11)
8. Innovations in the Research Integration of Social Evolution Game Theory (SEGINE model): The research introduces the SEGINE model to analyze and predict KOL influence within social networks. This model incorporates indirect network effects, providing a nuanced understanding of KOL-consumer dynamics. Focus on KOL Identification and Price Promotion: The study specifically examines how KOLs are identified and how their price promotion strategies impact consumer behavior . This focus helps to uncover the mechanisms that make certain KOLs more effective in driving sales.
9. Expected Outcomes 1. Enhanced Understanding of KOL Influence Detailed Insights into Trust-Building, Engagement, and Conversion Rates: The research will provide in-depth analysis of how KOLs build trust, engage their audience, and convert followers into customers. These insights will help brands understand the specific factors that drive KOL effectiveness. 2. Effective Marketing Strategies Actionable Recommendations for Optimizing KOL Use: Based on the findings, the study will offer practical strategies for businesses to maximize the impact of KOLs in their marketing campaigns. These recommendations will be tailored to different platforms and audience segments. 3. Model Validation Establishing SEGINE as a Predictive Tool for KOL Impact: The research aims to validate the SEGINE model as a reliable tool for predicting the influence of KOLs on consumer behavior . This validation will support the use of SEGINE in future studies and practical applications.