Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
Marketing Mix
The target market/product combinations that I have selected are selling non-lethal security to black women aged 18-30 and selling vacations to gun owners. Black women aged 18-30 will respond best to a viral strategy. It is important to realize that this market is highly sociable, and word of mouth for a product can spread very quickly. This target audience has specific tastes with respect to the media it consumes, and that should guide the promotions strategy. However, the message should not be overly focused on the product attributes. There should be a specific lifestyle component to the promotions, for example setting an ad in a hair salon, but focused on a conversation where a group of young black women discuss how safe they feel with the product in their purse. The product should fit in as part of the lifestyle for a young black woman. Additionally, there should be some sort of viral component to the promotional program so as to encourage word of mouth promotion...
Encouraging word of mouth is expected to be especially effective with this demographic.
Gun owners, being that there are millions of them, fit a mix of demographics, and a vacation need not to be built around guns specifically. Presumably the vacation has the same demographic as gun ownership, so gun publications, NRA meetings, gun shops, hunting shops and the like would be a good way to reach this target audience. Danaher (1996) notes that indirect marketing can be an effective way to reach one's target market, especially if that target market is not looking for your service specifically. With vacations, people seek out vacation information from a lot of different sources, but have more concentrated media with respect to their gun information, for example. If there is significant crossover between the two target markets, it can be better to simply focus on the one that is easier to reach. The promotion plan would otherwise be unchanged -- there…
Works Cited:
Danaher, P. (1996). Wearout effects in target marketing. Marketing Letters. Vol. 7 (3) 275-287.
NetMBA. (2010). Pricing strategy. NetMBA.com. Retrieved February 24, 2012 from http://www.netmba.com/marketing/pricing/
Marketing Mix for Effective Marketing: The marketing mix can be considered as the most famous marketing term after it was published in 1964 in an article by Neil H. Borden. The term has become common in marketing because its elements are the fundamental, tactical components of a marketing plan. The marketing mix elements are product, price, place, and promotion which are the four major categories that guide marketing decisions. These four
Marketing Proposal Safi Rania Diamond Cell Youth Booster is a new skincare product for women aged 40 years and above who are seeking to prevent and lessen signs of aging. The paper provides a strategic marketing mix analysis that is geared towards successful marketing and advertising the product. This marketing mix analysis is to be presented to the Board of Directors of Graffiti Group, Inc., which has just purchased an operating
Marketing Mix and Kindle Fire The Marketing Mix and Amazon's Kindle Fire The marketing mix is an important tool used by organizations and individuals as part of an effective marketing strategy. "Every marketing strategy is composed of the same four components: price, product, place, and promotion" (Colbert, Nantel, Bilodeau, & Rich, 2001, pp. 19). A marketing specialist needs to know the function of each of these components and must also know how
Place Starbucks can be left without profits if it markets its products in the wrong locations. Place is the sites at which the company avails its products. This includes channels of distribution from the distribution point to the end customer. Starbucks attempts to minimize the distance customers have to move to the point where the product is sold. This is followed by targeting the appropriate target market before making decisions on
Marketing mix is the term used for the four marketing variables over which the company can exercise control. It can be defined as the combination of detailed strategies, tactics, operational policies, programs, techniques and activities to which resources may be allocated such that the company's marketing objectives are achieved. The role of the marketing mix is to move objectives and plans into the reality of implementation and achievement (Kotler &
Pizza Hut, Domino's most dominant global competitor, was clearly way behind all three national pizza chains in 2005, with a very weak innovation story on new products to sell, and more re-shuffling of menu items with aggressive pricing and programs to bring in the lucrative in-store buyer. The net result from this lack of innovation was Pizza Hut losing significant market share. it's expected that Pizza Hut will be more