Marketing Plan for Infinity Clothing: Branding, Target Market, Pricing, Distribution and IMC
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This presentation discusses the comprehensive marketing plan for Infinity Clothing, including branding strategy, target market, pricing strategy, distribution strategy, and IMC plan.
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INTRODUCTION The comprehensive plan, which constitutes the marketing and advertising activities of a company, is known as marketing plan. The purpose of this presentation is to present a comprehensive document of the marketing plan of the infinity clothing. The branding strategy will be discussed The target market will be highlighted The pricing strategy will be highlighted The distribution strategy will be provided The IMC (Integrated Marketing Plan) will be discussed.
BRANDING STRATEGY A brand needs to set long-term plan to achieve its marketing objectives within a stipulated period (Armstrong, 2015). An effective branding strategy will address consumer emotions, consumer needs and competition as well as business activities will experience the impact of the strategies (Rufaidah, 2017). Branding strategy for Infinity clothing should consists of the communication objectives including the visual aspects of the brand (Armstrong, 2015). Brand name is Infinity Clothing and logo will be a sign of ‘create’ with colours bursting out of it. Slogan of the brand will be “From the house of the creative master”.
BRANDING STRATEGY Visual aspects of the brand (logo) will reflect the message ‘creating fashion with changing trends’. Verbal strategy of the brand will be concentrated on the social media communication and advertising campaigns. The brand story will influence the buying behaviour of the target market, as they will be attracted towards buying affordable fashion to satisfy their lifestyle maintenance urge. The video link for branding strategy is given below: https://www.youtube.com/watch?v=IeFY0eNa0CE
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TARGET MARKET AND POSITIONING Infinity Clothing selected the target market based on lifestyle (psychographic segmentation), gender, age and income (demographic segmentation) and location (geographic segmentation). The clothing brand will be targeting primarily to the people living in Kansas and secondly to women as the percentage of trend consciousness is greater to that of men. The brand will also target men, who constitute 48% of the population. Positioning statement- For consumers who would want to be in harmony with the changing trends of fashion with an affordable price tag, Infinity clothing designs and sells affordable quality fashion from its online and physical store. Infinity clothing will reflect the USP of selling unique fashion clothing and accessories in affordable
PRICING STRATEGY The pricing strategy will be a combination of value pricing and economy pricing (Nagle & Müller, 2017). Brand is targeting various income groups and consumers with strong lifestyle choices. Mixture of the two strategies will offer a product based on the value of the quality in the fashion items for satisfying the lifestyle value of a consumer and economic range will be attracting various income group. The video link for the various pricing strategy is given below: https://www.youtube.com/watch?v=mmm0ccYPliU
DISTRIBUTION STARTEGY Infinity Clothing will adopt a selective distribution strategy. Fashion items will be made available by selecting various kinds of effective medium. The store will be selling through its own exclusive stores and will be available online. The brand will also be expanding its presence by using the concept of shop-within-shop in the future to enhance the reach. A video for an overview of distribution strategy is given below:
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INTEGRATED MARKETING COMMUNICATION PLAN Foundation stage- Infinity clothing will design and sell quality fashionable clothing and accessories with unique styles and The brand will be offering the products for their target customer, which constitutes women, men, various income group and various lifestyle choices. Brand focus- It will depict the identity of the brand. The clothing and accessory line will be focused on producing quality product by coordinating with the changing trends and affordable price range. Consumer experience- The consumer experience will be enhanced with the availability factor. It will be available online and in physical stores. Communication tools- The brand will communicate the brand message, ‘creating fashion with changing trends’ by promoting products through local influential personalities in social media platforms like Facebook and Instagram page. Content marketing by appointing local bloggers and Youtubers for promotion. Cause marketing will be used by utilizing a part of the sales for fulfilling the clothing needs children below the poverty line. Promotional tools- The product will be introducing discounts and offers in the initial months to penetrate in the market with full efficiency (Madhavaram, Badrinarayanan & Bicen, 2016).
INTEGRATED MARKETING COMMUNICATION PLAN An overview of implementing IMC plan for a business: https://www.youtube.com/watch?v=NzvR6zsQXiY
REFERENCES Armstrong, G., Kotler, P., Buchwitz, L. A., Trifts, V., & Gaudet, D. (2015). Marketing: an introduction. Madhavaram, S., Badrinarayanan, V., & Bicen, P. (2016). Integrated Marketing Communication (IMC): Conceptual and Theoretical Lacunae, Foundational Premises, and Framework. InCelebrating America’s Pastimes: Baseball, Hot Dogs, Apple Pie and Marketing? (pp. 335-336). Springer, Cham. Nagle, T. T., & Müller, G. (2017).The strategy and tactics of pricing: A guide to growing more profitably. Routledge. Rufaidah, P. (2017). Branding strategy development based on innovative behaviour.International Journal of Business and Globalisation,18(3), 396-416.
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