NATIONAL ECONOMICS UNIVERSITY FACULTY OF FOREIGN LANGUAGES DEPARTMENT OF BUSINESS ENGLISH A STUDY ON THE DIGITAL MARKETING UTILIZATION OF THE TREATSYSTEMETHOD PRODUCT LINE ADVERTISEMENT FOR THE MILLENNIALS GENERATION IN VIET Y NCL COSMETIC COMPANY LIMITED FROM 2021 TO 2023 Hanoi, April, 2023 NATIONAL ECONOMICS UNIVERSITY FACULTY OF FOREIGN LANGUAGES DEPARTMENT OF BUSINESS ENGLISH A STUDY ON THE DIGITAL MARKETING UTILIZATION OF THE TREATSYSTEMETHOD PRODUCT LINE ADVERTISEMENT FOR THE MILLENNIALS GENERATION IN VIET Y NCL COSMETIC COMPANY LIMITED FROM 2021 TO 2023 Supervisor: Pham Thi Quynh Hoa, M.A Hanoi, April, 2023 Nguyễn Thạc Hy Uyên — 11195686 — Business English 61C ACKNOWLEDGEMENT I would like to convey my appreciation to those who supported me during my study and investigation process. This research not only has a profound meaning to me but also contributes to the development of the Marketing Department of Viet Y NCL Cosmetics Company Limited. First and foremost, I would like to express my respect to the National Economics University and the Faculty of Foreign Languages for giving me the opportunity to complete my research. Moreover, my research was conducted with precious time and significant support from my dear instructor, Pham Thi Quynh Hoa, M.
I am deeply grateful for her great encouragement and proactive direction throughout this research. It is an honor for me to conduct the research under her guidance. Second, I want to express my sincere gratitude to all the employers and staff members of Viet Y NCL who supported me and provided me with useful information and recommendations to speed up my research process. In addition, I want to thank my family for their love and support during my years at the university.
Their acceptance and sympathy have been an inspiration for me since I have to overcome difficulties in both my life and education path. Last but not least, I want to thank all of my friends for motivating me to accomplish the research and reminding me of all the upcoming deadlines. Moreover, I appreciate all the respondents who spent their valuable time answering my questionnaire. Their assistance helped me to gather data and complete this research.
Nguyễn Thạc Hy Uyên — 11195686 — Business English 61C EXECUTIVE SUMMARY In the context of digitalization and the increasing popularity of the Internet, customers have a tendency to search for information about products on digital platforms. Therefore, businesses have changed the ways to approach customers. This presents a golden opportunity for cosmetic companies to use digital marketing to attract more customers from all over the world. In order to seize this opportunity, Viet Y NCL needs to focus on the utilization of its two leading digital marketing methods: SEO and social media marketing.
Therefore, the study aims to research digital marketing utilization on the Treatsystemethod product line advertisement for the Millennials generation in Viet Y NCL Cosmetic Company Limited. After conducting the theoretical framework and handing out a questionnaire to 51 former customers of Viet Y NCL, the researcher found out that the digital marketing utilization in Viet Y NCL seems not to produce positive results. The issues that stand out and need to be addressed first are the lack of "call to action" short phrases for status updates; the lack of additional incentives; the poor quality of individualized advertisements; poor technical skills like SEO, and SEM. All of these issues will lead to the fact the company can not motivate the customers to purchase the products.
Therefore, the researcher recommended some feasible solutions to improve the company's digital marketing strategy in order to increase sales volume. il Nguyễn Thạc Hy Uyên — 11195686 — Business English 61C LIST OF ABBREVIATIONS 1 AMA American Marketing Association 2 CTA Call to action 3 KPIs Key Performance Indicators 4 SEM Search Engine Marketing 5 SEO Search Engine Optimization 6 SERPs Search Engine Result Pages 7 UVA Ultraviolet A 8 UVB Ultraviolet B 9 | Viet ¥ NCL Cosmetics Co.,Ltd | ` CCY NCP Cosmetics Company Limited 11 Nguyễn Thạc Hy Uyên — 11195686 — Business English 61C LIST OF TABLES Table 2.1: Digital marketing assessment modeÌs.2: Description of each GiMeNsion .1: Evaluation of Viet Y NCL’s Facebook fan page through KPIs from December 2022 - February 22.- - ---- <1 21119111911 91 11 1 ng kg 28 Table 3.2: Evaluation criteria for Likert Scale Quesfions.3: The evaluation of four aspects using the Likert scale. -- 40 iv Nguyễn Thạc Hy Uyên — 11195686 — Business English 61C LIST OF FIGURES Figure 0.1: The percentages of products purchased online from June 2021 to June 2022 among CONSUMETS 1n V1€fAIN. 5 563318335 E££EE+EsEEeeeeeseeereereree 1 Figure 0.2: The percentages of consumers who purchased a product directly from social media platforms iN 2022 .-- - -- + +22 119111191 199111911 91 199 1g ng kg 2 Figure 0.3: The percentages of consumers purchasing cosmetics through main channels in Vietnam as Of 2/2 Ì.- s1 3 E119 1930 911 9119 11H ng nh 3 Figure 1.1: Viet Y NCL’s organizational strUCfUF€.
--5 5-5 + + s+sxs+ss+ssssss2 9 Figure 3.1: The most popular method to search for information about hair-care 0195010222277.2: The number of visitors and access sessions of Viet Y NCL’s website from December 2022 - February 2222.3: Session conversion of Viet Y NCL’s website from December 2022 - February 2023 oo.4: Accessibility aspect of the company's website and Facebook .5: Evaluation of the “Accessibility” aspect based on the Likert scale .6: Content aspect of the company's website and Eacebook.7: Evaluation of the “Content” aspect based on the Likert scale .8: Customization aspect of the company's website and Facebook.9: Evaluation of the “Customization” aspect based on the Likert scale 36 Figure 3.10: User's experience aspect of the company's website and Facebook .11: Evaluation of the “User's experience” aspect based on the Likert Nguyễn Thạc Hy Uyên — 11195686 — Business English 61C TABLE OF CONTENTS ACKNOWLEDGIEEMENTT. <5 < 5< < SH HH 009 00 86 i EXECUTIVE SUMMA RRYY. << SH HH HH 000008000 ii LIST OF ABBREEVTA TIHONNS. 5 (5 HH HH C000 90A Hi LIST OF TABLES.
0 0 T0 00000096 iv LIST OF FIGURES. Họ Ti 0001 00 Y INTRODUCTTION. INTRODUCTION OF VIET Y NCL COSMETIC COMPANY LIMITED100. Viet Y NCL’s Mission, Vision, and Core Values.
Viet Y NCL’S DFO(ÏHCÍCS. SG HH HH net & 1. Chief Executive ()[[ÏC@FF. Department of Business Ì€V€ÏOJIH€HHÍ.
Go SG Si 1v, 9 I1. Customer Service ÌDÏVỈSÍOHH. Administrative (ÌGDTÍHHLCHHÍ. Accounting and Finance ÙDÌVISÍOHH.
INVENLOTY MANAGED nh ốe. Il VI Nguyễn Thạc Hy Uyên — 11195686 — Business English 61C 1. Department Of Marketing. The definition of marketing.
The definition of digital marketing. Characteristics of digital marketing. Digital marketing (OOÌS. Social media HIAĂGẨÏHE.4, Email Marketing nan nh e.
Mobile Marketing 8n nee. Previous studies on measures to evaluate the effectiveness of digital Marketing ÊOOÌS. FINDINGS AND DISCUSSION. Evaluation of Viet Y NCL?s digital marketing utilization through KPIS.
Evaluation of Viet Y NCL’s digital marketing utilization through respondent-based Criteria. (CO HIÉ€HHÍ.- 5 HH TH TH TH HH TH Họ ch chi n0 33 3. HSÍOTH-ÏZ(GfÍOHH. SG <5 TH TH TH TH 0e 35 KE X12.
Evaluation of four aspects of the company's website and Facebook fan page using the Likert SCaÌ€.o- 5 < 5< cọ TH TH c0 00000. Developing advertising through E-mail marketing. Improving content ma K€fÏTIE. Enhancing SEM and SÌEO.
Offering more incentives to promote customers' purchasing demand —.ÔÔÔÔỒÔ 44 VI Nguyễn Thạc Hy Uyên — 11195686 — Business English 61C CONCLUSION. cọ HH HH HH. 0 00000 0000000009000040001004030000700580 Vili Nguyễn Thạc Hy Uyên — 11195686 — Business English 61C INTRODUCTION 1. Background Nowadays, the rapid development of the Internet has changed the way businesses approach customers.
Customers would rather stay at home and look around on social networking platforms to compare prices or read reviews before making a decision than go to the stores when looking for information about new products. It can be seen from the charts the percentages of products purchased online from June 2021 to June 2022 among consumers in Vietnam. Clothing, apparel, and fashion 63% accessories Food and groceries (incl. non alcoholic beverages) Personal hygiene products (incl.
toilet paper, hand sanitizer, and masks) Cosmetics and beauty products Books and stationery Household cleaning products Consumer technology and electronics Furniture and household items Sports equipment and apparel Toys, games and puzzles Hobby and arts and craft supplies Medication Alcoholic beverages Movies, music and television entertainment Adult toys and entertainment Pet food and related supplies Others 0% 10% 20% 30% 40% 50% 60% 70% Share of respondents Figure 1: The percentages of products purchased online from June 2021 to June 2022 among consumers in Vietnam Source: statista.com As can be inferred from the chart, the percentage of cosmetics products purchased online ranked 2nd place, at 42%. This demonstrates the customers' increasing interest in shopping for cosmetics online. People from every generation have changed to shopping online due to its convenience. Especially adults, despite being not accustomed to using technology, are gradually shopping more online Nguyễn Thạc Hy Uyên — 11195686 — Business English 61C because it saves their time since their works are too busy.
The chart below indicates that the Millennials generation is the generation with the highest percentage of online shopping on social networking sites in 2022. People from the Millennials generation are also the target customers of the “Treatsystemethod” product line. 70% 60% 58% 50% roSehspafndt 40% 30% 20% 10% 0% Figure 2: The percentages of consumers who purchased a product directly from social media platforms in 2022 Source: statista.com Nowadays, there are many ways for customers to shop for cosmetics online, for example through websites, social networking platforms, etc. Based on the chart below, it can be seen that online websites and Facebook shops are the two most popular online shopping channels.
These two channels are also the main channels that Viet Y NCL used to advertise their best-seller product line “Treatsystemethod". Nguyễn Thạc Hy Uyên — 11195686 — Business English 61C Department stores 41% Brand stores 39% Online websites 38% Supermarkets 38% Cosmetic shops 36% Overseas 24% Facebook shops 23% Showrooms 15% From friends 14% Drug stores, beauty stores 13% Nearby local shops 9% Convenience stores 9% Share of respondents Figure 3: The percentages of consumers purchasing cosmetics through main channels in Vietnam as of 2021 Source: statista.com In today's vibrant market economy, advancing digital technologies and online platforms have a significant impact on consumer behavior transformation, requiring businesses to implement new methods in marketing operations. Because buyers would find it simple to approach different information about their desired products such as price, quality, delivery fees, or reviews with a click in a digitalized world. Hence, reaching out to potential customers through social networks may be considered an optimized communication method that can strengthen a relationship with a consumer and boost revenues.
Rationale Viet Y NCL has made use of several digital marketing tools, including SEO and social media marketing, to fulfill the rising demand from customers following the covid-19 pandemic. However, these digital marketing tools seem not to produce positive results since their main website “vietyncl.vn” is not receiving good signals. Moreover, Viet Y NCL company may not focus efforts on creating Nguyễn Thạc Hy Uyên — 11195686 — Business English 61C additional channels such as email marketing as just a few people react or interact on their Facebook fan page “Napura Việt Nam”, not fulfilling the full potential of digital marketing. Therefore, the author decided to conduct a study titled “A study on the digital marketing utilization of the Treatsystemethod product line advertisement for the Millennials generation in Viet Y NCL Cosmetic Company Limited from 2021 to 2023”.
Research Purposes The study is aimed at: e Analyzing the existing circumstance of the digital marketing utilization of the Treatsystemethod product line at Viet Y NCL Company. e Finding out the advantages and limitations of the digital marketing utilization of the Treatsystemethod product line at Viet Y NCL Company.