Below the Line Marketing Techniques and Integrated Promotional Strategy for Westfield-Stratford Complex
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This presentation discusses the techniques of below the line marketing, integrated promotional strategy for Westfield-Stratford Complex, importance of M Marketing, promotional plan, SMART strategy, objectives, budget, and techniques to evaluate the success of marketing campaign. It also includes references for further reading.
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TASK 2 ADVERTISING AND PROMOTION
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Below the line marketing techniques Below-the-line marketing technique includes use of marketing techniques that help in reaching the prospective customers directly. They further assist in brand building and using it in boosting the sales of organization.
Techniques of below the line marketing Public relation Direct marketing Internet Events Loyalty programs
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Integrated promotional strategy for Westfield-Stratford Complex The integrated promotional strategy will enable marketers of complex in using combination of various promotional techniques. Further, they can use combination of below-the-line techniques to enhance customer base. In this respect, management of complex can organize various fashion shows, entertainment events that will induce prospective customers to visit the complex. For this aspect, it can directly mail to existing customers and inform them aboutsuchprograms.However,toattractnewcustomers, Westfieldcomplexcantakehelpofsocialmediaplatform. Therefore, pages in the name of brand, side banners and social groups can be formed on popular sites like Facebook, Twitter etc.
M Marketing It involve use of wireless instruments like mobile phones for offering products and services. It is most impelling method at present as it is cheap and convenient method. In this respect, Westfield complex can design attractive cellular phone application which will enable customers to make instant buying of offering within their comfort zones. Therefore, customers can avail the products easily with negligible efforts. This will help in encouraging the sales of company.
Importance of M Marketing
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Promotional Plan It iis an effective approach that will assist in enhancing the footfallsof individualsin the complex. It will help in improvingthedroppingsalesandpoorperformanceof complexinmarket.Therefore,todesignimpelling promotional plan, complex require to consider following aspects. Analyzing the situation Framing objectives Developing a promotional plan Implementing the plan Follow up of plan
SMART Strategy Various effective promotional techniques can be combined to develop SMART marketing strategy. Therefore, various modern and traditional techniques can be integrated by adopting SMART approach.
Objectives To increase the customer visit to Westfield complex upto 20% by April, 2016. To enhance the sales upto 15%. To reach more than 20% of consumers using new mobile applications, till March 2016. To enhance the consumer base by 25% by using direct and indirect marketing channels upto June, 2016.
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Budget Budget will limit the marketing expenditure of the Westfield complex so that it does not affect the proficiency of organization. ConstituentsAmount TV Ads£60 Billboards£90 Social Media Marketing£100 Direct Marketing£50 Total£300
Techniques to evaluate the success of marketing campaign The effectiveness of marketing campaigns can be measured from following modes Profit Sales Footfalls Feedbacks
REFFERENCES Jones, B., 2011. advertisement.Business journals.10(5). pp. 10-50. Hackley, C., 2005.Advertising and Promotion. Sage. Krizan,A.,2007.BusinessCommunication.Business Communication. Loewy,D.,2010.BusinessCommunication.Cengage Learning.
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