This presentation discusses the marketing strategies used by Telstra for its TV product, Telstra TV. It covers the target market, product differentiation, and promotional strategies. The presentation also provides recommendations for the company's future growth.
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Company Background Telstra is one of the largest company inAustraliantelecommunication sector. Founded in the year 1975. Current CEO of Telstra is Andy Penn. There are various mobile companies whichaccesstheTelstranetwork (Telstra Corporation Limited, 2018). Competitors: Vodafone and Optus The chosen product is Telstra TV.
ABOUT TELSTRA TV Telstra TV is Australia’s first integratedliveTV,on- demandsandcatch-up search function. Searchforthetitles throughliveTV,Netflix, FoxtelNow,BigPond Movies, Stan etc. Customersneedstohave Telstra broadband services. It is like Fetch and Apple TV (Simpson, 2016). Itprovidesaccessto photosandmusicstored on home network.
Target Market Peoplefrombetweentheageof18to55 years. Both males and females (Schlegelmilch, 2016) Under geographic segmentation, it offers its products and services in both urban and rural areas of Australia. PeoplewholovetowatchmoviesandTV shows on Netflix and other platforms. Working and business professionals Thecompanyoffersdifferentplansand schemestomaintainloyaltyamong customers (Khan, 2014).
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Marketing Strategies Product Differentiation and market penetration Product: Telstra offers Telstra TV that plays the movies and TV shows from Netflix, BigPond and others. (Wensley, 2016). Price: The prices of this product is higher i.e. 99$ per month or higher. Place: Retail stores in Australia Promotion: Promotionalstrategieslikeadvertising,sales promotion,contests,valueaddedservicesetc. (Cameron, 2014).
Conclusion and Recommendations It is hereby concluded that Telstra is operating its business successfully in Australia. Themajorreasonbehinditsgrowthisits marketing techniques and strategies. For Telstra TV, it is has implemented effective strategies. In the future, the company should consider the strategies and prices of competing brands. Itshouldpartnerwiththemobilephone companies. It should expand its business in foreign nations.
References Cameron, N., 2014, Telstra looks to connect with new brand marketing program,Available from https://www.cmo.com.au/article/536682/telstra_looks_connect_new_brand _marketing_program/ [Accessed on 7 September 2018]. Khan, M.T., 2014. The concept of'marketing mix'and its elements (a conceptual review paper).International journal of information, business and management,6(2), p.95. Simpson, C, 2016, Telstra Is The Exclusive Telco For The Google Pixel In Australia, Available from https://www.gizmodo.com.au/2016/10/telstra-is-the-exclusive-telco-for-the -google-pixel-in-australia/ [Accessed on 7 September 2018]. Schlegelmilch, B.B., 2016. Segmenting Targeting and Positioning in Global Markets. InGlobal Marketing Strategy(pp. 63-82). Springer, Cham. Telstra Corporation Limited, 2018, Telstra - mobile phones, prepaid phones, broadband, internet, home phones and broadband internet, Available from https://www.telstra.com.au/[Accessed on 7 September 2018]. Wensley, R., 2016. The basics of marketing strategy. InThe marketing book(pp. 75-107). Routledge.