This report develops a marketing strategy for Packpoint App, a packing advisor app for business and holiday goers. It discusses the mission statement, objectives, target market, and marketing strategy of the app. The report also includes a cost analysis, timeframe, evaluation, and control of the marketing strategy.
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Running Head:MARKETING PLAN MARKETING PLAN Name of the Student: Name of University: Author Note:
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1MARKETING PLAN Executive summary Packing is an important part for any kind of trip. As a result of thatPackpoint Apptries to develop a packing advisor app for business and holiday goers irrespective of the gender. As a matter of fact, the app is designed smartly so that it could assist the users efficiently. Based on this understanding, this report intends to develop a marketing strategy accompanied with the mission statement and objectives of the organisations that foster a foundation of the marketing strategy. Moreover, the report also discusses about the control of the strategy and cares to deliver an evaluation of the efficiency of the proposed marketing strategy.
2MARKETING PLAN Table of Contents Introduction......................................................................................................................................3 Business mission statement.............................................................................................................3 Objectives........................................................................................................................................3 Implementation................................................................................................................................4 Current business situation............................................................................................................4 Target market...............................................................................................................................4 Marketing strategy.......................................................................................................................5 Execution.....................................................................................................................................5 Cost analysis................................................................................................................................6 Timeframe....................................................................................................................................6 Evaluation........................................................................................................................................7 Control.............................................................................................................................................7 Conclusion.......................................................................................................................................7 Reference.........................................................................................................................................8
3MARKETING PLAN Introduction Packing is seemed to be one of the important part before setting out for a travel. It can be a business trip or a holiday visit and based on that the packing will be arranged. It is often dubious and problematic for an individual to manage the packing. In this regard, the purpose of this report is to create a marketing plan for thePackpoint Appso that it will get more footage and appreciation from customers. Make the interface easy to handle for the customers is one of the main objective of the application. Moreover, the report also explains the efficacy and the marketing orientation of thePackpoint Appso that it will provide more efficacy into the process. Business mission statement According toBabniket al. (2014) the mission statement of an organisation is related to the long term goals of that company that will foster more efficiency into the organisational framework. Henceforth, the mission statement ofPackpoint Appwill be “bring more efficiency into the hospitality services through packing tips on the basis of purpose of the journey associated with type of travelling of an individual”. Objectives Based on the mission statement, it can be stated that to meet the goals of the organisation Packpoint Appalso follows some objectives such as Preparing smart service facility for the customers. Procure a customer based gateway so that it will help them to set a plan for trip packing. Provide effective facility for the premier clients with more benefits.
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4MARKETING PLAN Customizing the services in accordance to the needs of the customers Designing efficient products and services for gaining a competitive edge in the business To expand the business through maximisation of customers Implementation Current business situation Presently,Packpoint Applaunches both the android and ios app so that both the users of android mobile and ios devices. In this regard, the interface will be somewhat different due to the access abilities within the devices. However, the benefits will remain the same. Therefore, the application will prepare a better packing plan based on the weather of the given destination accompanied with a list of important accessories for the trip. Target market In this regard, the target market is highly important in order to prepare a marketing plan forPackpoint App. The organisation mainly puts emphasis on the demographic segmentation rather than the geographicsegmentation.According toRupp, KernandHelmig(2014) the demographic segmentation mainly puts emphasis on the age, gender, education, occupation, income and ethnicity. As a result of that it becomes easier for the organisation to set its target customers and procure more efficiency into the process (Esu, 2016). As a matter of fact, the demographic customer segmentation will foster more effectiveness in order to perceive clear vision regarding the behaviour and demand of the customers. Therefore, it can be stated that for Packpoint Appthe target market will be people of the age between 21 and 40. However, for the premium customers the income limit should not less than $9600 per annum.
5MARKETING PLAN Marketing strategy In this regard, the smart attitude of the organisation will also put emphasis on the social media marketing with a campaign on tourism and trip advice. The social media marketing is resembled with encapsulating the social media platforms like Facebook, Twitter and Instagram (Ashley&Tuten,2015). In this regard,Packpoint Apphas already taken the social media marketing strategy by creating accounts in Facebook and Twitter. However, Instagram has also potential advantages where the organisation can upload more pictures and free tips for the Instagram followers. Besides this,Dahnilet al. (2014) argued that campaign is also considered to be an effective measure in order to enter the market more extensively. As a result of that Packpoint Appcan organise a campaign on tourism and tips for packing. A live demonstration of the packing skills and the key factors must be mentioned during the campaign. Execution At first it is important to initiate a market analysis and evaluating the possible target market. In this regard, it is important to know that there are series of personal interests and behaviourofthecustomersthatrequiresfurtherinvestigationoftheorganisation (Öztamur&Karakadılar, 2014). After that it is essential for the organisation to evaluate the data and information generated from the survey (Eshuis, Klijn& Braun, 2014). It will leadPackpoint Appto set the marketing strategy to bring more efficiency into the process. It is resembled with the practice of both campaign and social media marketing. At first, the organisation will conduct the campaign on tourism and packing so that it will be helpful to analyse the interested people who will visit the campaign as well as their behaviour.The analysis of the needs of customers will be helping the organization in developing the existing processes. The enhanced design of the
6MARKETING PLAN processes, the products and services will assist the organization in developing a loyal customer base. Furthermore, the organisation will initiate the social media marketing strategy wherePackpoint Appwill use Instagram as a social media platform. Finally, the cost analysis and budget will be evaluated in terms of coping with the expected budget.The evaluation and monitoring of the processes will be assisting the organization in maintaining the efficiency of the operations as per the needs of the business. Cost analysis ElementsExpected costFinal cost Market analysis$5000$3075 Organising campaign$13000$$13050 Create Instagram profile$50$50 Mails and internet accessS250$200 Telephonic calls$500$400 Miscellaneous$400$250 Total$19200$17025 Timeframe Weeks Steps Wee k 1-3 Week 4-6 Week 7-9 Week 10-12 Week 13-15 Week 16-18 Week 19-21 Week 22-24 Week 25-27 Market survey Set target market
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7MARKETING PLAN Set budget estimation Social media marketing Organise campaign Evaluate the strategies Monitor entire process The market survey will be undertaken between the time frame 1- 6 weeks as the survey will be helping the organization for planning on the marketing needs of the same as per the preferences of the customers.The identification of the market survey helps in identifying the target audience. The second activity on the schedule is to set the target market for the organization based on the market assessment made by the same. It will be requiring 4- 6 weeks in order to maintain the efficiency of the targeting activities. The budgetary planning objectives of the organization will be helping the same in understanding the expenses that might be incurred by the same while implementing the marketing strategies. The assessment of the costs will be requiring a time of 7- 9 weeks in order to assess the different aspects of change as per the market scenario. The social media marketing initiative of the organization will be helping the same in attracting the attention of huge amount of customer. In this relation, the organization might require weeks 10- 18 weeks in order to complete the social media marketing campaign as per the needs of attracting the attention of the targetcustomers. Organizing the campaign will be undertaken by the organization between the weeks 19 – 21, which will help the business in synchronising and integrating all the elements of the promotional campaign as per the needs of the same. Evaluation of the strategies will be undertaken by the organization in the time frame of
8MARKETING PLAN week 22 – 24. It will be helping the organization in maintaining the efficiency of the operations as per the needs of the business. The evaluation of the strategies will be helping the organization in maintaining the efficiency of the operations as per the need of the business. Monitoring and controlling the entire process will be undertaken by the organization in between the weeks 25 – 27. It will be helping the organization in maintaining the quality of the operations as per the needs of the business. Evaluation It can be argued that the social media marketing is considered to be an effective and the most advanced strategy for the organisation. Most of the people who are not aware of this app can get the information through social media surfing. Moreover, the campaign also helps the organisation to perceive adequate information regarding the behaviour and specifications of the potential customers.The campaign will be providing the organization with an opportunity of holding communication with the customers and gathering feedbacks from the same. The feedbacks from the customers will be helping the organization in evaluating the existing processes and bringing forth developments in the same. Control However, it is important forPackpoint Appto monitor the entire process after the implementation. It is resembled with the practice of enriching the market capitalisation for the organisation and attract more customers in the process. Henceforth, the IT department and the marketing team will be responsible to manage every steps of the implementation.The enhanced
9MARKETING PLAN quality of the product and service offerings will be helping the organization in retaining the customer loyalty while adhering to the needs of the same. Conclusion Therefore, it can be concluded that the implementation of the marketing strategy is effective enough in order to bring more efficiency and positive environment for the organisation to expand the business further. In this regard, the appreciation and popularity of the app is highly required and the marketing strategy is focusing on it.
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10MARKETING PLAN Reference Ashley, C., &Tuten, T. (2015). Creative strategies in social media marketing: An exploratory studyofbrandedsocialcontentandconsumerengagement.Psychology& Marketing,32(1), 15-27. Babnik, K., Breznik, K., Dermol, V., & Trunk Širca, N. (2014). The mission statement: organisational culture perspective.Industrial Management & Data Systems,114(4), 612- 627. Dahnil, M. I., Marzuki, K. M., Langgat, J., &Fabeil, N. F. (2014). Factors influencing SMEs adoption of social media marketing.Procedia-social and behavioral sciences,148, 119- 126. Eshuis, J., Klijn, E. H., & Braun, E. (2014). Place marketing and citizen participation: branding as strategy to address the emotional dimension of policy making?.International Review of Administrative Sciences,80(1), 151-171. Esu, B. B. (2016). Marketing of public water utility services: a segmentation analysis.Australian Academy of Business and Economics Review,2(2), 118-134. Öztamur, D., &Karakadılar, İ. S. (2014). Exploring the role of social media for SMEs: as a new marketingstrategytoolforthefirmperformanceperspective.Procedia-Socialand behavioral sciences,150, 511-520.
11MARKETING PLAN Rupp, C., Kern, S., &Helmig, B. (2014). Segmenting nonprofit stakeholders to enable successful relationship marketing: A review.International Journal of Nonprofit and Voluntary Sector Marketing,19(2), 76-91.