Sales Planning and Marketing Strategy: Samsung Gear 2 Promotional Mix
VerifiedAdded on 2023/04/22
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Report
AI Summary
This report details a sales plan and promotional mix for the Samsung Gear 2, a smartwatch, focusing on personal selling, advertising, direct marketing, sales promotion, and public relations. It analyzes buyer behavior, considering new buy and straight re-buy situations influenced by social and personal factors. The role of the sales team within the marketing strategy is emphasized, highlighting the importance of communication and problem-solving skills, along with essential characteristics of a sales advisor such as time management, leadership, and the ability to handle negative situations. The report proposes a sales presentation for the Samsung Gear 2, identifying target customers (young and old buyers), potential competitors (Apple, Motto), and a proposed price of 239 euros, justified by manufacturing costs. Promotional methods, including social media ads, are suggested to reach targeted buyers, aiming to increase sales by 20% in the UK market within two years. The report concludes that implementing the sales plan can lead to increased profits and sales for Samsung.
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