Etrade Competitive Analysis

24
2. COMPETITIVE ANALYSIS For E*trades competitive analysis I explored three of E*trade’s closes and most threatening competitors on the market today. (fall 2011) I picked three competitors with a strong brand personality that has been meaningful for them to achieve success.

description

A Competitive Analysis for Etrade. Project made in Account Planning Class Fall 2011 Teachers: Virginia Lu, AKQA & John Quintana, GSP

Transcript of Etrade Competitive Analysis

Page 1: Etrade Competitive Analysis

2. COMPETITIVE ANALYSIS

For E*trades competitive analysis I explored three of E*trade’s closes and most threatening competitors on the market today. (fall 2011) I picked three competitors with a strong brand personality that has been meaningful for them to achieve success.

Page 2: Etrade Competitive Analysis

COMPETITOR ANALYSIS

Page 3: Etrade Competitive Analysis

COMPETITORS

Page 4: Etrade Competitive Analysis

WHY THEM?

ey are all competing with the same service E*TRADE have boosted their numbers but not as much as them Problems harmed E*TRADEs brand image Fidelity, Charles Schwab and Ameritrade stayed out of trouble during the recent "nancial downturn E*TRADE fallen behind on new accounts despite popularity Discussion of E*TRADE being bought  

   

Page 5: Etrade Competitive Analysis

COMPETITOR ANALYSIS

Page 6: Etrade Competitive Analysis

BRAND POSITIONING

" Fidelity is your !nancial partner that help you at every stage of your life, today and throughout”

Lifetime- Lifestyle - Future

Give back and guide

Customer always "rst

Long-term relationships based on trust

inking Green

 

 

Page 7: Etrade Competitive Analysis

MEDIA TACTICS

” Your !nancial GPS ”

Follow the Green Line- get to your "nal destination

Follow and trust Fidelity trough out your life

We guide you to understand- everything- everywhere

 t  

Guidance on TV during sports events and on Site and Print

Page 8: Etrade Competitive Analysis

MEDIA TACTICS

Being where our customers / clients are – Just follow the green line  

Page 9: Etrade Competitive Analysis

MEDIA TACTICS

Large investments in social media Being where our clients / customers are  

Page 10: Etrade Competitive Analysis

ENVIRONMENTAL

We take green seriously Electronic deliver of customers communications Eco friendly buildings Recycling increased energy efficiency Greener supply chain  

Page 11: Etrade Competitive Analysis

PARTNER/SPONSORSHIPS

Attractive diverse talent from: Colleges Universities Professional organizations Support talent management  

Page 12: Etrade Competitive Analysis

COMPETITOR ANALYSIS

Page 13: Etrade Competitive Analysis

BRAND POSITIONING

“ Help to get everyone !nancially !t” Personal Harmonious Easy to understand Conversation among equals Re-recruit our clients    

Page 14: Etrade Competitive Analysis

MEDIA TACTICS

“Talk to Chuck”- Advertising Campaign

A simple call to action

Get what is right for you- different advertising towards different people

Ask questions Get Feedback and Get Answers

TV Print Online

   

Page 15: Etrade Competitive Analysis

MEDIA TACTICS

Social Media Again- "nd what is personal and important to you Different social media accounts for different kinds of customers  

Page 16: Etrade Competitive Analysis

TOOLS TO TRADE YOUR WAY

Again- Make it personal for people Making investing easier and understandable Different people – different needs

Page 17: Etrade Competitive Analysis

COMPETITOR ANALYSIS

Page 18: Etrade Competitive Analysis

BRAND POSITIONING

Inspire Encourage Creative solutions New ideas and ways to connect Entertaining along with education Simplicity  

Page 19: Etrade Competitive Analysis

MEDIA TACTICS

Online and TV is their way to go

“e Invested Life” TV-show

Ameritrade Spotlight- An online reporting site

   

Page 20: Etrade Competitive Analysis

MEDIA TACTICS

A social media platform Follow leaders Team up with the TV hit Mad Money Entertaining- Education- Sharing

Page 21: Etrade Competitive Analysis

PRODUCT INNOVATION

Creativity Meet the clients wherever they are – online – stay updated Make it easier More fun

Products: Trade triggers QuoteScope SnapTicket MarketMotion DetectorsStrategyDesk Ipad app Iphone app

Page 22: Etrade Competitive Analysis

OVERALL IMPLICATIONS

3 Competitive Companies that have made their brand image work - One that takes care of you – now and in the future ( Fidelity ) - One that is making it personal - ( Charles Schwab)

-  One that makes investing fun and connecting in innovative ways ( Ameritrade )

3 Competitive Companies who have a clear vision on who they are talking to

Page 23: Etrade Competitive Analysis

ETRADE IMPLICATIONS

Opportunity to learn from them why they survived Opportunity to create a space for them that is not already occupied Find your “niche” on how to approach your clients / customers Specify main target Show strengths towards their clients / customers Good brand recognition now Etrade need a strong brand image

Page 24: Etrade Competitive Analysis

THANK YOU!