Script
Script
Slide 1: Introduction
● Today, I will present our proposed marketing strategies to address an important issue
we’ve identified in Booknest’s current approach: poor digital advertising strategies.
● Our goal is to significantly improve Booknest’s online visibility, engage the right
audiences, and build a loyal community of book lovers, ultimately driving more sales
and brand loyalty.
● Booknest’s digital advertising efforts have not been reaching the right customers
effectively.
● This has led to ineffective ad spending, low website visitors, and low sales.
● We need focused, data-driven strategies to connect with audiences who are most
likely to buy books online.
Slide 3:
the goal of strategy 1 is to:
“Connect with the right audience & increase conversion”
Booknest needs to appear where book buyers are searching and scrolling. This means:
We’ll start with Google Search Ads, using Google Keyword Planner to find high-performing
keywords like:
This ensures our ads are shown only to those most likely to engage or buy.
● Manila
● Cebu
● Davao
● “Shop Now”
● “Get 10% Off”
● “Join Our Book Club”
Now that we’ve covered paid promotions, let’s move on to our second strategy
Slide 4
In today’s competitive online environment, ads alone aren’t enough.
Customers connect with brands that tell stories, build communities, and offer value beyond
selling.
That’s why we’re creating meaningful content to turn casual browsers into loyal followers.
This adds a personal, human touch and builds familiarity with our team.
● Stories
● Reels
● Carousel Posts
● Live Sessions
Slide 7:
By implementing both strategies—targeted advertising and engaging content—we expect
the following outcomes:
Slide 1&2:
Another challenge BookNest is facing is low profit margins.
This means that even when we make sales, we’re not earning much because of high
costs.
Also, we are struggling to grow or expand the business.
Today, I’ll be presenting the Finance and Accounting Strategy for BookNest, our online
bookstore currently facing challenges from the growing popularity of digital e-books and
intensifying competition in the market.
Identified Problem
One of the major issues BookNest is currently facing is low profit margins. Despite
having a presence in the online retail space, we are struggling to scale, which limits our
capacity for reinvestment and future growth.
Recommended Strategy
To address this, we recommend a three financial strategy that focuses on both cost
reduction and revenue diversification.
We need to negotiate better terms with book suppliers to lower the cost of acquiring
inventory. This will directly increase our gross profit margin per unit sold and help us
remain competitive on pricing without sacrificing profit.
Next, we propose expanding our product offerings in including e-books and audiobooks.
These formats typically have higher marginsdue to lower production and distribution
costs, and they align with evolving customer preferences.
This move will not only widen our revenue streams but also make our catalog more
attractive to digital-first readers.
This includes:
~ Inventory tracking systems to avoid overstocking and stockouts,
~Cloud-based accounting software for better accuracy and real-time financial
monitoring.
~Higher profit margins through cost savings and better pricing control.
~Scalable operations that support growth without proportionally increasing expenses.
~Improved financial stability, allowing for strategic reinvestment in areas like marketing,
R\&D, or technology upgrades.
~And ultimately, a more competitive and future-ready BookNest
In summary, our Finance and Accounting strategy is designed not only to address
immediate concerns like low margins but also to lay the groundwork for long-term
sustainable growth.
SLide 1
One of the main problems BookNest is currently facing is the lack of new or exclusive product
offerings. Right now, many of the books we sell can also be found on other websites. This
makes it hard for us to stand out.
To solve this, our R&D strategy will focus on three key actions:
Slide 2:
1. Create Exclusive Content
- We will partner with new, independent, or self-published authors to publish books
that are available only on BookNest. This means customers won’t be able to find these
titles anywhere else.
- This not only gives us unique content but also helps new authors gain visibility.
- This step is important so readers can buy directly from us, whether they want a
physical book or an e-book.
3. ReadEngage Strategy
Another unique feature we’ll develop is ReadEngage, a line of interactive e-books.
Slide 3:
Expected Results of the R&D Strategy
Slide 1:
BookNest’s website is one of the most important parts of our business.
It is where customers browse books, place orders, and make payments.
But right now, we have identified a big problem:
The website is slow and outdated, and many people leave their shopping carts without
buying because the site takes too long to load.
Slide 2:
1. Upgrade to a Better Web Hosting Service
- Our first step is to change to a faster and more reliable web host.
- A web host is the service that runs our website online. Right now, our hosting is
slow and causes delays.
- By upgrading, we can:
● Make the website load faster
● Avoid errors or freezing
● Give users a smoother shopping experience
This step is affordable, easy to do, and doesn’t require much technical skill. It can be
done quickly and will help right away.
By applying these two MIS strategies, we expect several good results such as:
1. First, our website will become faster, cleaner, and easier to use.
- This means that customers won’t get frustrated waiting for pages to load.
- They will be able to find the books they want quickly, and the checkout
process will be smooth.
- As a result, more people will finish their orders instead of leaving their
shopping carts.
Improving the website may seem like a small change, but it has a big impact on
customer experience and business success.
Final Recommendation
The business needs to modernize its operations, focusing on digital marketing and data
tracking to boost visibility and customer experience. It should also invest in Research and
Development to create new, exclusive products and digital content, attracting new
customers and ensuring long-term sustainability and profitability.