Marketing Plan for Tint World Automotive Styling Centre
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This document presents a marketing plan for Tint World Automotive Styling Centre, focusing on increasing brand awareness and attracting more customers in the Saudi market. The plan includes objectives, strategies, tactics, financial resources, implementation, and control measures.
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Marketing Plan
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1.Introduction Marketing plan is considered as framework of marketing strategies in order to attain future goal like based on month, quarter and year. The respective plan generally includes several elements such as overview of the business, marketing as well as advertisement goal, evaluation strategy, SMART objective and so on (Deffner and et.al., 2020). By developing effective marketing plan a company would be able to conduct their work in effective manner which leads toattainmentofdesiretargetaswellasaimsuccessfullyatthepotentialmarketplace. Organization selected for this report isTint WorldAutomotive Styling Centre which is one of the leading and growing suppliers of residential, commercial window tinting and automotive. Respective company is a global window tinting franchises which mainly provide high quality solar window film as well as paint protection film together with installation facility for the automotive at the United State and Canada. Now since the master franchise brand at Riyadh, Saudi Arabia was opened as was planned for many years. The Tint World of United State has very strong online presence(Deffner and et.al., 2020), they mainly adopt digital marketing in order to conduct awareness related to brand, new products and services as well as it is also considered as main channel used for communicating with customers. It is also determined that respective company need to conduct digital marketing for the Saudi Master Franchise Branch as it was seen that mother company’s marketing strategy at United State not worked in the new market which is a challenge for the company as they need to develop a new strategy and plan for marketingatSaudi.ForrespectiveaimTintWorldneedtoconductseveralanalysis environments analyses of both internal as well as external. Moreover, they also need to determine proposed strategy for the development of effective marketing plan. In order for this they adopt numbers of models as well as theories such as PESTEL, SWOT and it also include analysis of respective company vision as well as mission.
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2.Environmental Analysis It is essential for Tint World to analyses and evaluate the business environment as it will support in better decision making process. There are different internal and external factors which lead to have direct impact on business operations as well as decision making of respective company (Donthu,Kumarand Pandey,2020). Analysis of macro and micro environment is mention below in context of Tint World. 2.1.Macro trend environment analysis There are several elements which will lead to have significant impact on respective organization as well as affect the decision making process. Macro trend environment includes those factors which can not be controlled by Tint World company and its will directly or indirectly influence performance of company. In order to analyses macro environment of Tint World organization PESTEL analysis framework has been considered. PESTEL Analysis This is effective business tool which will significantly help respective company to analyses various important external factors. PESTEL analysis in respect to Tint World is mention below. FactorPossibilityRisk Political factorHigh riskPoliticalandgovernmentof SaudiArabiahasdeveloped strong and very strict policies fororganization.Itwillbe very difficult for Tint World tocarryoutbusiness operations effectively. Economical factorHigh riskDuetocurrentscenarioof COVID19issueseconomy hasbeendecreasing.Saudi Arabia country has increase in unemployementrateswhich
willdirectlyimpacton performance andprofitability of respective company in new market area. Social factorModerate riskTintWorldorganizationis consideringtherequirements andneedofsocietyor customersofSaudiArabia which will lead to reduce the risk. This will help company is developing strong relationship with customers of this market areaaswellasenhance business performance. Technological factorLow riskThere are different new and advance technology which is considerbyTintWorld company to perform business taskaswellasdeveloping highqualityproductsand services.Innovative technology lead to reduces the risk for respective company. Environmental factorNo riskTintWorldcompanyis considertheenvironmental factorsandallissueswhile conducting business activities. This organization is focusing on sustainable development by offeringitsproductsand services to Saudi Arabia.
Legal factorHigh riskSaudi Arabia have very strict employment act or legislation which needs to be followed by companyinorderto successfullyperforming business task. If Tint World is not able to follow all rule then this organization have to deal with major loss. 2.2.Micro trend environmental analysis Industry Analysis Five Force Model Threatof new entry The threat company faced due to new entry in the specific market. In respect to Tint World they have moderate threat of new entry because in United State their market presence is strong which is considered strength for them. On the other hand, they are newly launched at Saudi market; hence they may face issues related to new entry(Donthu, Kumarand Pandey, 2020). Threatof substitute The threat for the substitute product is related to the availability of same products/services at the same marketplace (Giovannoni, 2020). In respective of this threat is moderate because at the United State their business is well established and there are minimum companies who offer similar quality products. However, they are introducing products in Saudi where already other companies are operating, the threat may appear from brands alike which provide same qualities. It shows they have moderate threat. Bargaining powerof customers It is considered as factor which shows power of consumers in a specific market or industry. In respect of respective company, the bargaining power of customers is low because this firm offers quality products and facilities at the reasonable prices which are comparatively better than other firms. Multiple options that fit different buyer budget is also available. Bargaining powerof This factor shows the power of supplier at the marketplace. In respect of Tint World, the bargaining power of suppliers is low because respective company develops as well as designs
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suppliers their products by their own. On the other hand, the few products which they supply from supplier they get at proper prices because respective company maintains effective relation with suppliers or providers utilizing it franchising system to supply in volumes. Competitive revelry This factor shows the numbers of competitive firms of a specific industry which impact on a company business. In respect of respective company competitive revelry is high because they faced competition from both United State brands which already operating in Saudi long before Tint World open, as local stores which provides low quality products and services at cheaper prices. Main disadvantage is the customer not being able to judge the film quality as it is very difficult to an average user to read and understand films specifications(Giovannoni, 2020). 2.3.Customer Analysis 2.3.1.Segmentation segmentation is a specific group of people on which a company is focusing to develop their products and services for that specific group in order to fulfill their needs, demand and expectations (Shilbury and et.al., 2020). In respect of Tint World their targeted customers are those audiences who want to learn more about automotive aftermarket services and accessories, as well as who love to have innovative products and services related on automotive. SegmentCustomer type and related Products NewVehicles ownership A new car buyer would like to protect his newly purchased car, it is common that customers with new cars installs window tinting films to protect interior instruments and furniture, they may also install Paint protection films/wax to protect paint from weather and tiny scratches. Used Sedan still under warranty Customers who uses their cars on daily bases and would like to keep their cars looks like new, however they avoid breaching the warranty of their cars. Potentially they keep cleaning and polishing their cars without adding aftermarket equipment.
Transportation Cars Taxis, School bus, and family cars they got dirt, usually some school and businesses force regulations for transportation cars to add window tinting films, auto detailing on regularbasestokeepvehiclescleanandprotectedfromsunharmfulultraviolet radiation. Commercial Fleet Factories, hospitals, and other business that operates fleets would like to advertise their brands of the vehicles. Tint World offer vehicle wrapping service to add printed brands on the body of the vehicle. Residential apartments This is an outdoor service where Tint World technicians visits residential apartments to install window films for customers would like to add another layer of ultraviolet radiation protection to their skin and home furniture. Commercial Buildings The respective company is planning to cut the energy expenses as well as they are also planning to develop window films which help in reducing electricity bill by enhancing the effectiveness of the air conditioner by minimizing heat generated through the sun (Giovannoni, 2020). For this respective company hire experts and professional who help in conducting work related to the objective. 2.3.2.Internal environment capability analysis McKinsey 7S Framework ResourceResource at Tint World Strategy The strategy of Tint World Saudi is to increase Brand Awareness, area coverage by adding new potential franchisee for different Saudi cities, and sales at the Saudi market by attracting more customers to increase revenue. In order to this they are planning to adopt effective marketing strategy. Structure The Structure at Tint World United States Head quarter is well established, it was originally constructed to be divisional and its serving franchisees all over USA and Canada. Tint World Saudi supposed to do the same, however, overhead will be very high atthebeginninghence,currentstructureisfunctionalanditislimitedto Sales&Marketing, and Operation&Purchasing reporting to Saudi Country Manager. SystemCurrently Tint world Saudi uses the same system used by the Tint World HQ, it has powerfulSalessystemwhichmanagesthesalesinvoicing,customerdatabasean
products supplies, however, hence the objective is to build a marketing plan, a marketing system for online advertisement needs to be developed. StyleTint World will adopt effective digital technology style as that will help in attract more and more audiences towards the products at Saudi marketplace. Staff Theemployeesofrespectivecompanyarehighlyskilled,knowledgeableand experienced which help them in adopting new technology for establishing business in the Saudi marketplace. Sales team are well trained to be customer centric empowered by strong communication skills. Technicians has got their training by Tint World HQ as part of the franchising program and certified to do high quality services. Skills Tint world is working based on standard processes and systematic workflow, hence internaloperationiswellorganized.However,inordertoimplementsuccessful marketing plan a qualified marketing resource need to be hired, or current skill need to be improved. Shared ValueProduct quality, highly committed staff to provide best in class services, tasks ownership and trust is the single language between all stake holders(Shilbury and et.al., 2020). Barney’s VRIN Framework ResourcesValuableRareInimitableNon- substitutability Competitive advantage Performance Rangeof products Yes---DisadvantageBelow normal Brand awareness YesYes--Sustained advantage Above normal Experience and knowledge YesYesYes-Sustained advantage Above normal Technolog y YesYesYesYesSustained advantage Above normal
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Valuable –This factor show the valuable factors of a company that help in attaining desire goal successfully. In respect of Tint World their valuable resources are range of products, brand awareness, experience and knowledge of staffs and technology as through that they able to gain competitive advantage in the potential marketplace. Rare –It is considered as resources which are rare in the market which means no other company has same resources. In respect of respective company their rare resources are brand awareness, experienced and knowledge of staffs and technology which they use (Yaghin,2020). But their few resources is not rare i.e. range of products because their competitive company offer similar kind of products range. Inimitable –It is considered as resources which are not copied by other competitive company for any kind of benefits. Respective company inimitable resources are experiences and knowledge of staffs as well as technology which they adopt. But there are some resources which can be imitate by competitive firm after some efforts such as range of products as well as brand awareness practices. Non-substitutability –It is considered as resources which have not functional substitutes. In respect of respective company their functional non substitutes is technology because Tint World adopt advance technology for their products as well as they also conduct high research and development activities which help in determine best technology which substitutes are not available. On the other hand it has some substitutable products such as brand awareness, range of products and experience and knowledge of employees. PROPOSED STRATEGY It is crucial for developing and creating effective marketing strategies in order to successfully carry out activities in Saudi Arabia. Strategies will help in providing complete guidance and support to Tint World company. Objective SMART objective for Tint World company is to increase sales of its products and services in Saudi Arabia market for enhancing profit by 25 %.
Strategy Tint World company needs to build an effective strategy that will help in performing marketing activities in more creative manner (Da Silva and Mazzon,2016). Strategy of respective company will provide guidance to respective organization for capturing market area as well as increase overall profits of business. For developing strong and accurate marketing strategies Tint World needs to analyses its strength and weakness. SWOT analysis ThisisusefulbusinesstoolthatwillhelpTintWorldtoidentifyingitsinternal capabilities as well as areas in which organization is lacking. SWOT analysis stands for strength, weakness, opportunities and threats. StrengthWeakness Thiscompanyisdevelopinghighquality products and services whichis as per the needsofcustomers.TintWorldcompany employees are its major strength as they are effectively conducting business task in order to attain goals of organization. Tint World have strong online presence through utilization of US website. It is successfully conducting local digital marketing through Facebook or Twitter. Tint World company current website is not supporting in Arabic market area and it will lead to have direct impact on performance of organization. There is notYouTube channel created to local market area in order to create awareness about products and services. OpportunityThreat This company have various opportunity that will support in increasing sales and profits of organization.ItisessentialforTintWorld companytouseSMEasitwillhelpin increasingthevisitstorespectivecompany website. This organization can use new and innovative approach for promoting its products as well as increasing sales. This company is performing business practices inhighlycompetitiveenvironment.Bad feedback on digital market area which lead to have major impact on reputation of business.
Tactics and action Once the strategies of organization is develop it is important to develop tactics and action plan for successfully performing business activities. Tint World company needs to evaluate marking mix model as it will help in identifying most effective tactics and action plan. Marketing mix Marketing mixStrategy ProductThis organization is offering different types of automotive styling products. Tint World is specialized company for auto windowtinting,autosecurityaswellasotherstyling accessories. Respective company is offering these products to new market area PriceRespectivecompanyisconsideringthecostof manufacturingproductswhilesellingitsproductsand services to potential customers. PlaceThis company have plan to offer its current products and servicestoRiyadh,SaudiArabiamarketarea.This organization use digital marketing approach for offering its products to potential customers. PromotionTint World company is using modern and digital tools and technology for promoting its products and services. This is costeffectivepromotionalapproachthatwillhelpin enhancing awareness about company product. PeopleRespective company have highly skilled employees that are usingfullskillsandpotentialtosuccessfullyconduct business task and attain goals. ProcessProcess of Tint World company includes collecting raw material from different supplies and developing products in order to sale it to potential customers. Physical evidenceOfficial website of Tint World company is consider as its major physical evidence.
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Financial resources Tint World company will required financial resources and money in order to successfully conduct business task (De Pelsmacker,Van Tilburgand Holthof,2018). This organization is planning of offer its current products in Saudi Arabia and for effectively conducting this practices respective company needs to create marking budget that will includes the amount which will be necessary for correctly carrying out business operations. MARKETING BUDGET PARTICULARSI YearII YearIII YearIV YearV Year Initial amount30007500115001566015540 Investing85009000200002800013500 TOTAL1150016500315001846029040 MARKETING OUTLAY Promotion50002850305035603000 Sales advertisements20001800300015001100 Direct selling35001600450025004600 TOTAL1050062501055075608700
Plan implementation Once strategies are developed as per the objective of company and tactics or action plan has been determined respective company needs to successfully implement the plan for attaining objective. Tint World company is considering push strategy in order to influence customers and increase the sales of products.This company is using different communication mix tool to attract customer towards respective company or enhancing awareness about products or services. For implementing plan Tint World consider press release, Fackbook, Twitter and exhibitions twice a year to attract potential customers. Marketing control This is the last step of SOSTAC model for marking plan and in this step Tint World company needs to analyses the controlling measures that needs to be taken by company for determining overall performance in potential market area (Han, Wu and Huang, 2019). In order to controlling marketing practices and analyzing weather respective company is able to meet with objective or not sales analysis technique and feedback form customers will be determined. Sales analysis will help in identifying the increase in sales. Customer feedback will help in determining overall response of customers about company products.
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