This is a sample marketing plan report for a music festival, covering the mission statement, objectives, and strategies to promote the event. The report includes a SWOT analysis, PESTEL analysis, and budget planning, providing a detailed outline of how to effectively market the music festival to attract customers.
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Marketing plan – Wood ford folk festival
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Executive summary The Wood ford folk festival is an annual music and culture festival held near the semi rural town. The research has covered by the aims and objectives of the company to attract customers towards the company. It has provide the effective and valuable music festival to their customers and peoples. In that research has followed the current international visitor market and marketing strategies. For analysis external and internal factors used by the SWOT analysis and PESTLE. With the help of those company has able to know about the factors which has impact to their work and its culture. The research has done by the marketing objectives and target segment. The marketing mix helped for the make strategies for the attracting customer who has international visitors. The budget helped for managing the effective and valuable for present the future expenses. The research has covered by the recommendations and monitoring or reviewing method in effective manner.
Table of Contents Executive summary.........................................................................................................................2 INTRODUCTION..........................................................................................................................4 MAIN BODY...................................................................................................................................4 PHASE ONE: GOAL SETTING....................................................................................................4 Mission statement.......................................................................................................................4 International visitor goals...........................................................................................................4 PHASE TWO: SITUATIONAL REVIEW....................................................................................5 Marketing strategies...................................................................................................................5 SWOT Analysis.........................................................................................................................5 Competitive positioning analysis...............................................................................................6 PHASE THREE: STRATEGIES FORMULATION......................................................................8 Marketing objectives and target market segment.......................................................................8 Marketing plan mix....................................................................................................................8 PHASE FOUR: RESOURCES ALLOCATION..........................................................................10 Budget......................................................................................................................................10 Non financial Resources implications.......................................................................................10 Monitoring and reviewing........................................................................................................10 RECOMMENDATIONS...............................................................................................................11 CONCLUSION.............................................................................................................................11 REFERENCES.............................................................................................................................12 Appendix.......................................................................................................................................13
Title:marketing plan for attracting potential customers as international visitors towards the music festival. A report is based on “Wood Ford Folk Festival”. INTRODUCTION The report is based on marketing plan as marketing plan is basically a plan which stated all things which helps to give the right direction of the event. As it define and create the systematic and effective steps which help to give direction. It includes all the way making the event run in the right way. As this report covers the marketing plan of Woodford folk festival as it is an annual music and cultural festival near the semi –rural town of Woodford, 72 km north of Brisbane, Queensland, Australia. In Australia, it is one of the biggest annual cultural events. Approximately 125000patrons attend the festival every year. Approximately 2000 performers and 438 events are programmed featuring local, national and international guests.This report will cover the marketing plan as it covers the goals objectives of Woodford folk festival. It will also cover the marketing strategies and SWOT analysis which helps to identify strength, weakness, threat, opportunity. Also it will identify all the external factors with the help of PESTEL analysis. It will cover the marketing objectives and target market segments and marketing plan mix also it will prepare the budget and lastly it will review monitor it. MAIN BODY PHASE ONE: GOAL SETTING Mission statement The mission of Woodford Folk Festival is to provide the guest with excellent faculty and also to provide the audiences wide variety of performances so that to grab large extent. And one of the biggest missions is to grab international visitors to the festival over the next 3 years. Also its mission is to be the largest gathering of artists and musician in Australia. And also to make each and every event successful.
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International visitor goals It first and foremost international goals is the grab the international visitors in 3 years. And also to include national, international, artists, musicians and presenters put on over 438 acts to an audience of an estimated 132000 people. Also to include variety of performance and style to attract the audiences. And make global presence of Woodford folk festival (Wong and et.al (2016) PHASE TWO: SITUATIONAL REVIEW Marketing strategies Marketing strategies are basically the strategy which is overall game plan for reaching people and turning them into customers for the product or services that the business provides. As Woodford folk festival is one of the magical events that help in Australia. As it uses many marketingstrategynumberofperformancesaremind-blowinganditattractnumberof audiences. And also its atmosphere is both electronic and peaceful. So it uses marketing strategies to promote the event to the global level as it promote the event on social networking sites as social networking sites are very famous among the people. It also offers cheap tickets to the audiences and also it offers various discounts, facility and services to satisfy the audiences to the large extent. SWOT Analysis WoodfordfolkfestivalaspracticesinAustraliaasitincludeswidevarietyof performances. As SWOT analyses help to analyses or identify the strength and weakness of the event and also it helps us to give the opportunity of the event and it helps to overcome all the threats. It is basically the technique which helps to manage and control the event to the large extent. Strength The first and foremost strength of Woodford folk festival is that is wide range of performances that are being conducted such as it have 438 events are programmed featuring local , national and international guests. And it has wide range of audiences who enjoy each and every cultural performance. As it take place over six days. The second strength is that it has big brand image as it conduct its festival from 1994 and it create great buzz and also it conduct its event annually. And also the guest is very excited to be the part of the festival and to enjoy the other
Weakness It biggest weakness is that it conducts its event annually which is big times. the second weakness is that to it involve folk and cultural dances and music which might be fail to grab attention of international audiences as they might does not understand . And also youth does not like folk dances and music. And also it might fail to access support from every one as folk music and dances are not innovative. Threat The biggest threat of Woodford folk festival is from political factor as it sometime impacts the festival in the negative manner. And also there are many events and festivals or concerts which are taking place so many youth will prefer to attainthe other event rather than the folk event. And also with the increase of electronic and technologically performances and styles ofproductionandcreationwhichareexpandinghasgivenhistoricalperformancesless importance. And it also local government hinders to conduct and manages the event (Garcia, & Middleton (2016). Opportunity As there are many opportunities with Woodford folk festivals is to grab international guest as it conduct event in national and local level so it has plan to diversify and expand its festival at internal level and make it more famous . And also it helps to introduce various new talents and entertain the audiences to the large extent. Competitive positioning analysis PESTEL Analyses is basically a tool that determines the external marketing factors that help to identify the factors which affect and influence the event. With the help of this company can analysis the competitive position analysis at market place. By identifying the entire factor which helps Woodford folk festival to conduct its event in the systematic and effective way. It also helps to grab large amount of guest. It includes many factors such as political, economic, social, legal, technological and environmental factor which affect the Woodford folk festival to the large extent. Political factor It is the most important factor that affect the event as it determine how the government decision such as tax rate , trade policies etc.so in the Woodford ford festival political factor plays an important role as it may impose many policies which bare not in favor of the festival
and also it effect the working of the festival. And also by the interference of the government it might increase the price of the tickets. Economic factor The second factor that effect the festival is economic factor. As it include gross domestic products, inflation rate and income level. If the income level of the people is low then it will affect the Woodford folk festival people will not able to buy the tickets of the festivals.As economic factor differ from country. So it is very important to have stable financial condition of the people and country. Social factor The other factor that impacts the Woodford folk festival is social factor.As Woodford folk festival is a local festival so the social culture impacts the festival to the large extent. As social factor include cultural, belief, attitude, and preferences of the people. As if people do not like folk dance, music and various performances so it affects the event to the large extent. Technological factor Nowadays technology is changes drastically so it is very important. As it is very important invest in the new tool and equipment. As Woodford folk festival target is to grab international guest and for this it is very important to promote the festival to the various social networking sites and digital platform so to attract the international audiences. So it requires more invest in technology. Technology helps to reach global audiences and also it is the most effective way of communication with the target audiences and guest. Environment factor Environment factor plays a major role in the marketing plan as it influences it to the large extent. As if the climatic conditions are bad and not suitable such as chances of flood, heavy rainfall then it might reduce the number of international guests (Baverstoc , (2015) Legal factor Legal factor plays the major role. As if the laws and regulation are not in favor of the festival then it will affect the Woodford festival. It is important to follow all the legal laws and regulation such as health and safety laws as it is important to conduct the festival in the safe manner. And also it considers the health safety issue of the employees who are working there to support the event.
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PHASE THREE: STRATEGIES FORMULATION Marketing objectives and target market segment The marketing objective of the Woodford folk festival is to grab the international audiences to the large extent. for these it has promote the event to the global level . it is adopt aggressive marketing strategies to promote the event . and also it has adopt STP technique that is segmentation , targeting and positioning which are three tool help in marketing. As segmentation help is the important element which help to segment the market and on the other hand targeting is also the important element as it is very important to target the market as Woodford folk festival ‘s target market is youth as they are the one who are more excited for the event and wait for the event for one year (McDONALD, (2016).) Marketing plan mix Marketing mix is the most important tool or technique by which all the combination of factor that influence the event to the large extent. it include price , product , place , promotion , physical evidence , process and people . The entire factor has the wide range to influence the event. All the factors are explain below- Product– the product is the most essential element in the marketing mix. As it is the first element of marketing mix. As the products are the core things. As basically there are four levels of products such as core products, facilitating product, supporting product and the augmented product. As core products are the most important product represent the focus of the business. As wood ford folk has plan to expand their event as by this they can increase the international visitors. As it is take place at every year. And approximately 2000 performers and 438 events and programmed featuring local national and international guests. and also offer wide spectrum of entertainment such as circus , cabaret , comedy , street performance , workshop , debateand more . Price– the second most important element of marketing mix is that the price of the event as Woodford Folk festival has very minimum price as it has very cheap tickets that are offer to the audiences. As it is very important to keep the price low so that more number of audiences can attract. As the event is one of the most popular events. Place– the third element of marketing mix is that the place. As Woodford folk festival is easy and reachable and conducts in the centre of the city. And also there is excellent transport
festival.The festival takes place over six days and night from 27 December to 1 January each year. It features wide variety range of performances and also many artists playing over different venues within the festival grounds. It is held near town of Woodford. The event held every one year. It start of 27 December and 1 January which is between Christmas and New year. Promotion– as Woodford folk festival is very famous festival but they are planning to grab international audiences. So it is very important to promote the event to the large extent. They promote event or festival by giving ads in the newspaper or on social networking sites. It has 2680 volunteers across 162 departments are at heart of the organization People- people are the most important asset. As right people conduct the whole working in the smooth manner. In the event the people are well trained and properly manage. They are motivated to conduct the event and festival in the right manner. Process– the next element of marketing mix is the process. As if the process is simple than the festival will be conduct in the effect and systematic manner. And also it is important to make the process in the easier manner. Physical evidence- the last element is physical evidence as it directly interacts with the audience. In these it is important to conduct and manage the event in the systematic manner. And also it is important to provide all the services to the guest so that they feel satisfy (Lidstone & MacLennan(2017) marketing plan activity gantt chart
PHASE FOUR: RESOURCES ALLOCATION Budget ExpensesCost Operational expenses10000 Technical expenses10000 Decoration5000 Artist10000 Human resource10000 Other5000 Total60000 Non financial Resources implications Therearemanynonfinancialimplicationssuchasbrandpreferences,customer experiences, innovation, market share, competitiveness and staff. Brand preferences play a major role in the festival as it is conducting its event. Non financial resources play an important role in the event. As it help to manage and control Woodford folk festival. As employees are the heart of the company as there are 132000 people who work hard and well trained to serve best for the audiences. And also to take the festival at international level. And also there 2680 volunteers across 162 department are the heart of the organization and contribute to the set and day to day running of the festival. The second non financial resources are its competitiveness that helps to work in more effective manner. As there are many competitors of Woodford folk festivals that motivate to work even better to gain competitive advantages. The third non- financial resources is thatcustomers experiences as it is very important to satisfy the customer to the large extent. And is very important to provide many services and performances and it include all the local , international ,artists , musicians and presenters to entertain the guest and make them feel satisfy and happy. And put all the efforts to solve their problems. The next financial resource is innovation it is very important to improve the perform and style to grab the audiences. It is important is spend on advance technology to improve and innovative the performance and style (Kotler and et.al (2017)
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Monitoring and reviewing The monitoring and reviewing is important for making effective and valuable changes for the company. The culture and music festival is effective in that peoples are feel best. For the monitoring and review the company is use feedback from the customers. By this company is able to take views of peoples and make changes as per their requirements. It is effective and valuable for the business and growth of company by this effective marketing plan for attract customers towards music festival. RECOMMENDATIONS The company can use effective and valuable tools for promoting their business at marketplace likes articles, YouTube channels and etc. At the time of event they can provide the best and effective free snakes to customers. By this customers are attract towards the event. Before event organisation they can do the practices with proper and effective equipments. CONCLUSION The above report has based on marketing plan is a comprehensive document or blueprint that outlines the advertising and marketing efforts for the coming year. Within a set of time frame, it describes business activities involved in accomplishing specific marketing objectives. It has concluded the mission, goals and objective. Furthermore it will help to identify all the external and internal factors with the help of SWOT and PESTEL ANALYSES. It has also stated all the marketing strategies. It has also articulated the entire international objective. It has also plan the budget which help to give the right direction. It has also state non financial resources and implication. And at last it has monitor and review the resources.
REFERENCES Kotlerandet.al(2017).Marketingforhospitalityand tourism. Lidstone, J., & MacLennan, J. (2017). for the pharmaceutical industry Ferreira, J. N. P. (2017).Marketing Plan of the UCInova Junior Enterprise(Master's thesis). McDONALD, M. A. L. C. O. L. M. (2016). Strategic marketingplanning:theoryandpractice.In marketing book(pp. 108-142). Routledge. Baverstock, A. (2015). How to write a marketing plan. InHow to Market Books(pp. 135-165). Routledge. Wong, H and et.al (2016). Marketing Plan Report. Garcia,L.A.,&Middleton,M.R.(2016).Internal Marketing Plan.
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