This document provides a comprehensive marketing plan for Pure Gym, including a value proposition, SWOT analysis, marketing objectives, strategic marketing plan, and marketing tactics. The plan aims to attract and engage customers, increase sales, and expand the business.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
International marketing and sales
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
INTRODUCTION Marketing plan helps in developing sales of company to great extent. It is the tool that gives benefit to business unit in raising number of buyers of organisation. Effective marketing planning aids in creating competition in market.Report is about marketing plan for Pure gym. Marketing plan helps gym to earn a competitive advantage over their competitorand expand activities of the business at large scale.In this report pure gym is going to mend low matrix to develop their value and use porters chain to analyse their organization effectiveness.Swot analysis is the great technique that help firm in knowing their strength and weakness and marketing objectives ofPure gym are prepared clearly that help them in development of business.Strategic marketing planning always gives positive result to firm, great planning supports in generating sales and gaining competitive advantage to firm. TASK 1 MARKETING PLAN Pure gym is one of the leading gym in JAPAN.and technologies which are helpful in raising number of customers. 1.1 Value proposition Mendelow's matrix Matrixhelptoanalysepowerandinterestandalsotofulfilneedandwantsof stakeholders to keep them satisfied with effective products and services. Creating a Grid map of stakeholders Pure gym need to make their stakeholders satisfied by providing themall the details related to their services and products being offered(Gratton and Kokolakakis, 2017.). They need to provide regular data about their business so attract them towards organization working. Creating an action plan PureGym has aim to engage stakeholders with their services and make efforts to satisfy them effectively. Company need to engage with them and talk to ensure that they are satisfied with companies products and services. Mapping your stakeholders early on
Pure gym need to analyse stakeholders impact on business strategy and develop effective communication for development of their organization(Chekhovska, 2017.) . Company need to develop effective communication with their stakeholders to make them satisfied and analyse their wants and desires. Moving between quadrants Company need to manage communication with their stakeholders to keep them satisfied and increase profitability of company. Porter's value chain Inbound logistics PureGym need to bring raw materials that help them in improving product effectiveness and develop quality products.Quality raw materials are helpful in providing effective products to their customers for making them feel good and satisfied. Operations In this PureGym need to take proper care on their operations department because they are going to develop their raw materials into finished products and need to analyse that they meet quality standards. Outbound logistics In this PureGym after development of their finished goods like machinery send them in their different branches so their customers are able to use those services effectively.In order to develop positive image of the PureGym it is important that all products are delivered on time. Marketing and Sales Company need to develop effective marketing strategy to gain attention of buyers and to increase sales of organisation(Mosey and Kirkham, 2017). Marketing isdone properly so that company able to raise business profitability. Service Company also need to provide after sales service. Like if a client pay fees for one year then pure gym need to provide proper assistance to their clients.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Customer value proposition Customer value proposition analysis help pure gym to to generate value for their services and products by satisfying wants and desires of customers and effective utilization of their products and services. For creating value PureGym need to know benefits that are provided by to customers by their products.Marketing statement that help customer to know why they use services of pure gym. 1.2 Key findings Swot analysis Strength Pure gym is one of the leading fitness chain in JAPAN. They provide top class facilities to their customers. Provide effective training facilities to their customers. Have an adequate capital to expand their business. Available at great locations that attract customers.Have qualified trainers who have experience in different areas of fitness. Weakness They have large number of member base and shortage of staff to control. Focus on individual training or on personal trainings. Gym need to maintain their equipment’s and machineries that become costly for gym.Poor staff training is main weakness of firm. Employee management of firm is also its weakness because enterprise is unable to retain staff. Fund management is another great issue of firm. Opportunities Pure gym provides new equipment’s and machineries which gives results of attracting potential buyers(Chernev, 2015.).Developing business in new economy and establish their brand presence all over the world.Need to develop effective marketing strategies to engage customers with their products and services. Increase in concern in people for their health help them to develop business. Demand for fitness in people is also increases with time. Threats Increase in competition from different big gym brand's. Expansion in gym sector and development of equipment’s effect overall development.This means that development in gym
equipments is creating threat for the success of PureGym. This also requires it make monetary investment for the gym. 1.3 Marketing objectives Pure gym need to develop marketing objectives through which they can attract and engage customers and turn potential customers into customers and also improving their product. To raise number of customer of gyn by 30% within 12 months To open two more branches of gym within 6 months Specific Pure gym to specify their marketing objective with their staff so that they are able to understand companies goal and importance of that goal to achieve it on time and effectivelythat help in developing and improving effectiveness of services and help in raising customer’s satisfaction level. Measurable The goal must be measurable so company is able to track success of their goal and objective. Company need to display properly the goal that they want to achieve. Achievable Gym need to set goal that they are able to achieve by analysing ability of their organization and their staff and resources available to them to achieve their goals. And also need to set plan according to resources available to their organization. Relevant Marketingobjectiveareneedtoberelevanttooverallmissionandgoalof organization(Paley, 2017.). Marketing objective need to be effective so it helps to contribute in reaching overall goal of organization. Time bound Pure gym need to set time for achieving goals.This is the tool or application which raise level of efficiency of business in market. Marketing objective purpose
Increase sales Pure gym develops effective in order to gaincustomer’s attention. This tactic supports the business in generating more revenues and creating its brand image. Grow brand awareness Marketing help to develop brand awareness about products provided by company to the customers and helping in raising customer engagement. Increase lead generation Help pure gym to develop lead for their products and services in market. Marketing gives benefit of increasingpresence and engage customer and develop lead over their competitors to become effective and attract large number of customers. Decrease customer turnover Effective marketing help pure gym to keep engage their existence customers with their services and their business. Promote new products Marketing gives benefit of promotingservices or new equipment of pure gym that help to develop more customers. 1.4 Strategic marketing plan Marketing plays an important role in the growth of business because effective marketing strategies gives benefit of raising profit and increasing number of consumers. Pure gymright now is unable to keep its buyers happy hence there is need to know more about them, this is only possible by implementing effective marketing plan(Lidstone and MacLennan, 2017.).Pure gym need to develop an effective plan for marketing of their products and to engage more customers effectively and attractively and developing their business at a large scale. Helps to keep everyone in an organization at a sameplace so firm can satisfy buyers. Strategic marketing help to provide clear map to pure gym achieve goals and objectives of organization. Help stakeholders to achieve goals and develop organization at a large scale. Help pure gym to meet their customers’ needs and satisfy their wants. Help to develop market share of their company. Mission
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
To develop an effective marketing plan pure gym need to know their aim and identify mission of their company. Mission help company to know how they will benefit their customers. Pure gym mission is to develop their products to meet customer’s requirements. Situation analysis Puregymneedtoanalysetheirinternalandexternalfactorsthatcaninfluence development of business.In this they need to market. Competitor, climate in a new territory and its effects on customers. They need to know their strength and weakness to attract customers effectively. Marketing plan Pure gym analyse opportunities for their services and develop their plans according to that analysis. Marketing plan help them to know their customers and provide them way to reach customers(Garcia, Usiski and Waken, 2016.) . Gym need to know their target audience and develop budget for marketing of their products. Need to understand how competitors react on the marketing plan. Developing marketing mix decisions Pure gym need to analyse 4p's price, product, promotion, place. They need to analyse their product and its ability to satisfy potential buyers and meeting their requirements. Priceneed to be set effectively that attract customers.Promotion is required for building brand awareness. Company is requiredto know where they will advertise their product and time to promote their business. Need to develop business at a place that help them to increase sales of their product. STP Gym uses demographic segmentation as it targets people age with 18-40 year. They are highly positive for their health and fitness hence this target group will help firm in attracting new usersandrasingprofitaswell.Differentiationtargetingstrategywillbeusedandcost positioning tactic will be used that will help the organisation in gaining attention of consumes and attracting them towards the gym. By this way it will be open to new branches soon. Hence this tactics will be beneficial in gaining competitive advantage to organisation. Implementation and control
Pure gym need to implement their plan and use effective products and services. Get all effective resources to marketproduct to get positive results.Need to analyse their customers is satisfied with their products andservices to manage changes in market and company. 1.5 Marketing tactics Marketing help to attract customers with product and servicesof organization and according there is essential to improve products to meet their requirements. Marketing help to develop business and create competition in market. Traditional marketing plan Traditional marketing is an old marketing technique that is used by every firm to generate sales and to make people aware with its unique features of products. Direct mail Pure gym uses traditional marketing by mailing their customers about their products in order to engage them effectively with organizationsproducts and services (Lum, 2017.). Direct mail helps them to attract customers more smoothly.Direct mail enhances knowledge of people and they make their mind whether to buy products of company or not. Pure gym will organise personal relationship campaign that would be better in gaining attention of consumers towards the gym. Print Company can use print media like newspaper and magazines to advertise their business. Print advertisement help them to reach different type of people. They can use their trainers for articles in magazineswhich are helpful in the growth of company. Broadcast Pure gym can use television and radio for advertisement of their products. With help of television people are able to see gym environment, place and equipment’s they are using to develop their business. Digital marketing plan
Digital marketinggives benefit of attracting large consumers and making them positive towards the brand. It is the method that gives positive results and help in raising brand image. Search engine optimization SEO help pure gym to expand their business and develop an online image. Company require an expert to manage their SEO. Email marketing Help company to reach their targetcustomer and make themas theirpermanent customers(Alves, 2017.).It helps pure gym to generate leads and help in increasing sales of their services. One of the most integrated marketing methods that help in expansion of business. Social media marketing Social media marketing is being extensively used presently to increase visibility of the business and increasing knowledge of the customers related to the existence of the PureGym. Content marketing Help company to attract their target market towards products and services.Content need to be attractive because this thing can enhance customer’s engagement and also help the organisation in making them ready to spend money to buy products. Among all the options and tactics available for the marketing that PureGym in this traditional and modern both tactics are available for marketing. Among all these traditional and modern tactics can be employed together by the PureGym. Social media, Email Marketing and Content marketing needs to be more focused in order to increase visibility of PureGym. 1.6 Action plans Implementation process Evaluation and communication of strategic plan Pure gym need to evaluate plan and communicate with all other people of staff for development of their products. Effective communication help in overall success of their plan. Development of an implementation structure
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Need to develop structure forimplementing plan so that business goal can be met. Structure need to be effective and have ability to satisfy customers wants and desires. Structure prepared on the basis of effectiveness of a plan. Development of implementation policies and programmes Pure gym need to develop policies and programs to implement their strategy effectively to develop their products. Support policies help if any problem arises then company is able to develop business. Discharge of functions and activities Company need to discharge all activities that they prepared for development of their products and services and implement effectively so that goal of firm.Need to prepare plan and implement all activities so that growth of business can be done and firm can accomplish its goal. Budgets and finances Pure gym need to set budget for their marketing plan and use budget effectively in each and every department that help them in development as well as to expand activities of their business(Orelma, 2016.). Gym need to analyse effectiveness of their plan to get back profit and help firm in its growth. Payback Company need to find ways and make their marketing campaign effectively which gives results in gaining attention of buyers and increase profitability.Company is required to know how much profit they earn after effective marketing of their products and services. Break even It is a point where gym receive their fixed cost they incurred on development of their products and services. If is point of no profit no loss. Breakeven point need to be analysed so that company is able to receive fixed cost they incurred in production of product. Fixed cost= 60000 Variable cost=40 Selling price per unit=100
Contributing per unit=1000-40=60 Breakeven=fixed cost/ contribution per unit 60000/60=1000 1.7 Ethics and sustainability and CSR Ethical marketing help Pure gym to develop honesty and fairness while promoting their brand. Company need to know what is right and what is wrong while marketing of their products and services. Ethical marketing helps pure gym to develop a positive image and develop their business. To conduct ethical marketing it clearly identifies company its customers and market where they are going to expand their business. Need to make careful research on their product and market where they are going to develop their business and develop effective utilization of their resources that have ability to satisfy their customers wants. Ethical marketing is a powerful way to attract customers and engage them effectively towards organization. Pure gym has many stakeholders, public is one of the major stakeholder, pure gym will ensure to offer them best services so that their needs can be fulfilled. Government is another stakeholder, pure gym will follow each regulation carefully so that it meets their standards. Pure gym may face ethical challenges: it may be behavioural issues with the members of gym, privacy issue etc. But gym will take care that it keeps its dat of members confidential and treat its person’s ell without misbehaving with them. . Product ethical issue may also get faced but it will ensure to offer them best quality gym products adn services so that customer satisfaction can be maintained. Market research For marketing Pure gym need to make a properresearch on market so that correct decision of expansion can be takenplace and that help them to improve effectiveness of their products and services (Schaefer, Rao and Mahajan, 2018.) . But variety of results from different people increases ethical issues. Market audience Some areas where people are not familiar to marketing techniques are effect overall success of business at a large scale and leaves a negative impact on their customers and on their products and services.
Ethics in advertising and promotion Sometimesadvertisementeffectspeopleandoffendthemthisdevelopnegative advertising of products and services andeffects overall business growth.Gym need to know if they will highlight negative advantage of others to show their positive advantage then it effects their overall success. Pricing ethics Pricing of product on advertisement are reduces to compete with competitor and to develop their own business is an unethical way of marketing. Using ethics as a marketing tactic For marketing ethically pure gym need to know all their products and services that they are marketing need to have ability to meet customers wants and desires. This is important that in Ethics PureGym should ensure that all the activities associated with marketing activities. This means that all the activities should be justified on the basis of right and wrong conduct and those should be considered that affect marketing activities of PureGym. Marketing activities that are justified on the basis of right conduct needs to be employed by PureGym. 1.8 Control, measurement, review, risks and contingencies Critical success factor Pure gym need to know that critical success factor is essential for their success. Provide benefit and increase profit of their organization. CSF need to be effective that help company to increase their market share, provide quality services to their customers, satisfy their employees and develop regularly for their organization. Gym need to develop ateam which gives benefit in achievinggoals,there isneed to have skilled trainers that are experienced and effective for development of their organization. Need to determine their resources and equipment that are able to develop business.Key success factors of gym are people and its operations. Key performance indicators Indicators help pure gym to analyse their effectiveness to achieve their key objectives and goals(Nutting, 2019.) . K pi is required for pure gym to reach their target market. Focus on
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
overall performance of business. For example sales growth kpi,pure gym wants to increase revenue by developing their business in new territories byengaging consumers at great level. All trainers and equipment and management staff of gym help them to achieve their goals. Gym is able to increase their sales by effective utilization of all resources.To develop KPI Pure gym need to clarify the objective of business and accordingly it has to set its business activities. Benchmarking, sales review will be performance indicators that would be better for business unit to analyses its performance in market. Risks and contingencies Puregym develop their business that may help in improving services butit also increases chances of loss of investment they incurred in overall development of their products and services. If customers are not able to be attract towards effectiveness of marketing then it leaves a high impact on overall growth of company. To reduce risk gym need to prepare proper budget for their marketing campaign, need to develop proper schedule for their marketing. Require effective marketers that are able to develop proper marketing techniques for development of their business.
PART 2 Practical application of the Uppsala mode and discuss strength and weakness of the model and also advice market entry by using rational model Uppsala Model It is the model that states about globalisation process for a business unit. It explains that there is need to choose the nearby market first and then move to far locations that is the great way to get success in market(Mathews and et.al., 2016). We found a case where the firm did not follow the model. It is impotent for the Purgym to take decision to expand their business. weakness As we know that Purgym is services based company, and they provide Gym related services to their customer (Rosson and Ford., 2016). This company cannot use this model because this model is not applicable on the service industry, there will be no use of this model for the Purgym, and they cannot take advantages from this model. Strength it can help company to take market knowledge before entering to the new market. Accordingtothisprocessorganizationhavetotakeknowledgebeforecommitmentand according to their current activities they can take commitment decision for their company. If Purgym use this model on their company then they can understand their position in the market, and they can understand that they are ready to enter the international market or not. If is because in the international market they will need huge amount of investment and better quality equipment.Thismodelwillhelpthemtounderstandwhentheyarereadytoenterthe international market, and they can achieve growth in the market. Recommendation Purgym has performed well in the JAPAN market, and they have expanded their businessin all over the JAPAN. They are able to expand their business more and their leaders and mangers have good knowledge of JAPAN market, but if we talk about international market then it is totally differentfrom the domestic market.Purgym will need huge amount of investment to enter the international market, and they should have knowledge of external factors which can affect on their business. According to my operation they should try joint venture market entry because it can be better and beneficial for them because tin the joint venture they will do partnership with the other company, and they both will invest equally in the international
market. Two organizations can invest more than the individual andPurgym fail in the international market then the other partner have to pay equally (Vellas., 2016). Both the investors will share equally and if they will face any failed in their business then they will equally share the liability and losses. Most of the organization use this strategy to enter the market because in the entry they will have enough resources and investment. If Purgym will use this market entry method then they can be successful in their business, and they can achieve high market growth and if they fail in business then also other organization will share with them. Other market entries are risky and Purgym be fail and suffer from the losses. CONCLUSION Report is about a marketing plan of Pure gym that help us to know how an organization effectively develop their business and expand their resources.Their major aim of company is to satisfy consumers and offer them satisfactory goods. Matrix help in knowing that company need to provideproper informationto theirstakeholdersto keep themsatisfiedtowardstheir organization and improve their effectiveness. Swot analysis supports in knowing more about internal factors that play an important role in overall development of their products and services. Marketing objective of company is to develop andexpand their resources for achieving business goal.Marketingobjectivehelpcompanytoexpandanddeveloptheirbusinesstowards achievement.Strategic marketing plan need to be prepared so that gym is able to achieve their goals easily and effectively.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
REFERENCES Books and journal Alves,M.S.A.,2017.Planodemarketingpara2018e2019doginásio“Living Healthy”(Doctoral dissertation, Instituto Superior de Economia e Gestão). Chekhovska, L., 2017. Fitness industry: state and prospects of development in the countries of the world.Slobozhanskyi herald of science and sport.(2 (58)). pp.19-24. Chernev, A., 2015.The marketing plan handbook. Cerebellum Press. Fernández Sifuentes, J.C., 2018. Propuesta de un plan de mejora de la competitividad para el logro de las metas comerciales del Gimnasio Poli Gym. Garcia, E., Usiski, M. and Waken, B., 2016. Intermix Marketing Plan.Marketing,1009, p.11. Gratton, C. and Kokolakakis, T., 2017. JAPAN: Dominance of the Commercial Sector in the Sport Market. InThe Private Sport Sector in Europe(pp. 325-342). Springer, Cham. Lidstone, J. and MacLennan, J., 2017.Marketing planning for the pharmaceutical industry. Routledge. Lum, A., 2017.HealthyLife Gym, LLC: A Business Plan. California State University, Long Beach. Mathews,S.andet.al.,2016.Internetmarketingcapabilitiesandinternationalmarket growth.International Business Review.25(4). pp.820-830. Mosey, S. and Kirkham, P., 2017. Diagnosing an entrepreneurial change programme. InBuilding an Entrepreneurial Organisation(pp. 115-132). Routledge. Nutting, M.A., 2019.The Business of Personal Training. Human Kinetics. Orelma, L., 2016. Facebook marketing communications plan for Ladies Gym. Paley, N., 2017.How to Develop a Strategic Marketing Plan: A step-by-step guide. Routledge. Permatasari, N.Z., 2016.Pengaruh event marketing terhadap traffic pengunjung mall@ alam sutera(Doctoral dissertation, Universitas Multimedia Nusantara).
Rosson, P. J. and Ford, I. D., 2016. Stake, conflict and performance in export marketing channels. InProceedings of the 1979 Academy of Marketing Science (AMS) Annual Conference(pp. 66-69). Springer, Cham. Schaefer, R., Rao, R.S. and Mahajan, V., 2018. Marketing Self-Improvement Programs for Self- Signaling Consumers.Marketing Science.37(6). pp.912-929 Vellas, F., 2016.The international marketing of travel and tourism: A strategic approach. Macmillan International Higher Education.