E-Marketing Strategic Planning:
For a successful online market penetration, there is a need to assess the target segment besides the product and the customer needs. Below are the analyses corresponding to the segmentation and targeting, differentiation, and positioning.
Segmentation and targeting:
The geographical segmentation for this E-marketing plan is the United Kingdom with no specific focus on any city. But for the demographic segmentation, this E-marketing plan aims all “Dietary Supplements for Weight Loss users, but mainly people who have passion for sports or go to the gym regularly that are in generation Y as well as late generation X, that are born between 1980-1995, and 1965-1980, respectively. The reason why this segment of the
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This product is manufactured by many companies around the globe that has already established a brand image. For this, the online products will relate to a range of products that the customers are already familiar with. Examples of some of the most popular dietary supplements for weight loss are: “Garcinia Cambogia Extract”, “Hydroxycut”, “Caffeine”, “Orlistat (Alli)”, and whatnot (healthline, 2018).
These products will be in the stock and available for sale in the UK. In addition, the website will be well designed, and will showcase all of the products in a good manner that is easy to access. Further, the website will provide the customers with a search bar that will direct the customers directly to what they need, then add to cart and check out.
Price:
As we will be retailing a large quantity of supplements, the purchase of the inventory will be in lower prices. Each brand and size of these supplements will have a different price. Still, we will be targeting deducting the cost of the inventory, its shipment, and just keep a low margin of profit comparing to competitors. This way, prices will be lower comparing to competitors, and at the same time, it is the same
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We will be searching individuals with some selective tools such as the age (between 16 and 30). We well adapt also the products specific to genders.
Implementation:
The implementation in this E-marketing plan will start by the development of the website. This task is divided into designing the website, putting the content, implementing online payments, customer platform, etc. In the website, the web developers will also work on the back end as to create an application for keeping track with the inventory including the number of items left. Finally, a smart chat bot will be installed, which will send automatically an email to potential customers for assistance.
Simultaneously, work will not only be focused on the content of the website, but also the content that will be displayed in the social media, and the creation of the social media accounts, and customize their themes.
After the release of the final version of the website, there will be an aggressive promotion of the website. This is via the release of the social media accounts, the creation of the Google Ad Words in order to promote the website on other
Pro Clinical Hydroxycut is a diet supplement pill that has been on the market for over a decade. Pro Clinical Hydroxycut promotes advanced weight loss, increase energy, and a boost in metabolism. Hydroxycut is show to be more effective when used on a low calorie diet and the ingredient caffeine is used to boost the metabolism to keep the body going. The tablets are supposed to be taken 2 times daily on days 1 to 3 and from day 4 on 4 tablets are to be taken daily. Most people who take pro clinical hydroxycut take it mostly for the energy resource but for the people who take it for weight loss claims it works.
Audience Profile My target people would use my product because it gives them energy and it tastes nice. It could be used for leisure because you can relax and drink a nice drink. It can be bought as a treat because someone might not be able to buy or find one so if they are given it they will be happy. (Practical?) It is for the home because you can drink it at home.
Answer: (a): Market segmentation is the first step in defining and selecting a target market to pursue and penetrate. Basically, market segmentation is the process of splitting up an overall market into two or more groups/classes of consumers. Each group of consumers is called as a market segment. Each group (or market segment) should be similar in terms of certain characteristics or product/ service needs. In business world, market segmentation is considered to be a most important tool in enabling marketers to better meet customer needs and requirements.
We realize that there are a numerous people in this world who are attempting to free weight. You have attempted a considerable measure of things and non of them work. Today we are going to present u a stunning blend that will help you blaze you fat quick, and look significantly more better than anyone might have expected. The fundamental element of this mixture is the Horseradish.
When launching a new product or service, a company needs to develop the key group of customers in which they are targeting. There are many steps in identifying the target market; one of these steps is to look at past marketing plans in a company and collect information to produce a customer profile. This profile is important because “it influences the objectives, creation of the communications message and the channels and media mix being selected” (Gbadamosi and others, 2013, p. 275). When this profile is solidified, the appropriate methods to make a successful marketing plan can take action to launch the new product or service. Nordstrom’s Treasure & Bond, is a new clothing line by the leading fashion specialists, targeting 18-30 year
2. Needs and wants of the demographic group: Upgraded technology that can offer a unique experience Compact and easily portable Two in one product 3. How the needs and wants of targeted group are reflected in the marketing mix: The marketing mix reflects the demographic group through the product’s discounted price, promotional bonus gift voucher, advertised as a student’s study tool, distributed by delivery and by personal means and by the products unique features that are wanted and needed by the targeted group.
Therefore on that basis, all products, including pumps would be generating substantial contribution to overhead and profits. Therefore, given the overhead allocation problems, Wilkerson’s best bet would be to adopt the variable costing method for various reasons, as follows: 1. This cost concept provides a better understanding of the effect of fixed costs on the net profits, due to the fact that total fixed cost for the period is shown on the income statement. 2.
The target market of louis Vuitton in divided into two key segments, the wealthy middle aged women from 35 to 54 years old is the first segment while the fashionable young female adults from the age 18 to 34 years old who have income saved to buy one wishes. Average customer of Louis Vuitton are high level & social class people who are into fashion and very conscious as well. High social status is achieved by owning such products from Louis Vuitton. Demographic Segmentation Louis Vuitton has used Demographic segmentation to segment the market.
Segmentation, Targeting and positioning, also known as STP are an essential part in marketing today. This model is important for generating marketing communication strategies and it aids the marketers to prioritize schemes and deliver personalized and pertinent messages to diverse audiences. This approach is audience oriented rather than product focused in terms of communication, which results in conveying appropriate messages to the members who are more commercially appealing. Segmentation benefits the managers in finding out the area on which they have to concentrate on in terms of geography, demographics, social factors or behaviors.
Consumer behavior towards Nike products Marketing is collaborating the value of a product, service or brand to customers, as a driving force to promote or sell that product, service or brand. Marketing procedures and skills embrace selecting target markets by carrying out a market analysis and market segmentation, as well as taking into account the consumer behavior and advertising a products value to customers. Marketing is the utmost vital aspect of developing and enlarging your business, and is a speculation that will recompense for itself over and over again. The term “marketing mix,” was first devised by Neil Borden, the president of the AMA (American Marketing Association) in 1953.
The Mazur plan divides into four functional areas of retail activities. These five areas are merchandising, publicity, store management, human resources and control. These areas make up the typical merchandising structure chart underneath the company’s chief executive officer. These different divisions contain a number of different departments and personnel who have specified tasks and jobs to carry out. In order for the store to be successful, there is a great deal of communication and interaction within the departments to remain as a cohesive unit.
Causes According to Amin & Noor (2013), the E-consumers generally refer to the purchaser of goods and services over electronic systems such as Internet and other computer networks. This new group of consumers is increasing in number over the years as on-line shopping become a trend and manifestation of modern life style. Based from the Paynter & Lim (2001), E-commerce would provide consumers with benefits such as interactive communications, fast delivery, and more customization that would only be available for consumers through online shopping. Product information in the Internet is more compact and it ranges from various sites.
The process of market segmentation involves the division of a market into groups of smaller size whose needs, behaviour and characteristics are distinct from each other. These smaller groups or 'segments ' may require separate marketing strategies. There are four major market segmentation variables namely behavioural, psychographic, geographic and
Most people today, own one at least one technological device which could be one of the access platforms that form online channels the company may apply for their digital marketing to achieve profitability and retention of customers. Chaffey and Ellis-Chadwick (2012) state that a digital marketing strategy is constantly needed to provide a sense of direction for an organization’s online marketing activities so that they integrate with its other marketing activities and support its overall business goals. According to Parise et al.
1. MARKAT SEGMENTATION Market segmentation is a strategy that is generally used by a company to identify and define the target customers, and provide the supporting data for the marketing plan elements. There are five types of market segmentation which are demographic segmentation, geographic segmentation, psychographic segmentation, benefits segmentation and volume segmentation. • Demographic Segmentation Demographic segmentation is market segmentation according to age, family size, religion, race, gender, income and education. By using this segmentation, a company can categorize the needs of consumers more easily and target its consumers more accurately because demographics can segmented into several markets.