Assignment
University
The University of North Carolina at CharlotteCourse
BUSN 1101 - Introduction to Business and Professional DevelopmentPages
11
Academic year
2023
Harsh Patel
Views
0
Marketing Strategy Presentation An introduction to our marketing strategy for the upcoming year.
Introduction to Marketing Strategy The marketing strategy presentation will provide an introduction to key marketing strategy concepts. We will cover market segmentation, positioning, growth strategies and more. Understanding these core strategies is critical for effective marketing planning.
Goals and Objectives Increase brand awareness Run targeted social media campaigns and advertise on relevant platforms to reach new audiences Drive website traffic Use SEO strategies and content marketing to bring more visitors to the company website Boost sales revenue Offer promotions and discounts to incentivize purchases and upsell to existing customers By setting clear goals around brand awareness, website traffic, and sales, we can develop a focused marketing strategy that delivers measurable results.
Target Audience Demographics Describe the age, gender, income level, education level, marital status, etc. of the target audience. Motivations Explain the goals, desires, aspirations, or reasons to act that motivate the target audience. Objections Note any potential objections, concerns, or barriers that could prevent the target audience from buying. Buying Role Specify whether target audience members are decision makers, influencers, end users, etc. Pain Points Identify the key problems, frustrations, unmet needs, or challenges the target audience faces. Psychographics Describe the attitudes, interests, values, lifestyles, behaviors, etc. that define the target audience.
Competitor Analysis Market share percentage 25% Competitor B 20% Competitor C 15% Competitor D 35% Competitor A 5% Competitor E
SWOT Analysis Opportunities New markets and segments, strategic partnerships and alliances, new product and service offerings, improved operational efficiency Strengths Strong brand recognition, loyal customer base, innovative products and services, experienced management team Threats Increasing competition, changing consumer preferences, unfavorable economic conditions, new regulations and policies, emergence of substitute products Weaknesses High operating costs, outdated technology and equipment, limited distribution channels, lack of financial resources
Key Marketing Strategies Market Segmentation Divide the market into meaningful segments based on demographics, psychographics, behaviors and interests. Target specific segments. Product Positioning Position your product or service in the minds of consumers by highlighting unique benefits and differentiation from competitors. Pricing Strategy Set optimal pricing to maximize profitability and meet customer expectations. Use strategies like cost-based, value-based or competitor pricing. Distribution Strategy Make your product available and accessible to customers through optimal distribution channels like retail, online or direct sales. Promotion Mix Promote your product through effective strategies like advertising, public relations, sales promotions, direct marketing and personal selling.
Budget and Resources Quarter Budget Q1 2021 $500,000 Q2 2021 $600,000 *Company internal financial reports
Marketing Calendar
KPIs and Metrics Define metrics to track business growth Identify metrics like revenue, profit, new customers to track business growth Set targets for key metrics Set specific, measurable targets for key metrics like 10% increase in revenue Track metrics regularly Track key metrics on a daily, weekly or monthly basis to monitor progress Defining relevant KPIs and setting measurable targets allows tracking progress towards business growth goals.
Review and Next Steps In this presentation we reviewed our current marketing strategy and discussed ways to improve our social media presence and email marketing campaigns going forward. As next steps, we will implement the proposed changes over the next quarter and reconvene to evaluate their effectiveness.
Marketing Strategy
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