"Introduction to Products,Marketing and Advertising Media"
CREATIVE PLATFORM and SAMPLE MARKETING PLAN PRODUCT RESEARCH
SAMPLE MARKETING PLAN
The sample plan is a document that is provided as a
guide only. The truly a marketing plan is a business document written for the
purpose of describing the current market position of a business and its
marketing strategy for the period covered by the marketing plan. Marketing
plans usually have a life. Moreover, before we set up our business to know the
law, must have a license, and codes of practice will affect your enterprise.
Before starting a business we need to know more or less
about the marketing plan. As someone who would like to
establish a business I need to conduct research and planning appropriate to
your business to ensure the effective marketing plan.
MISSION STATEMENT
The core activity of Canterbury Renovation will be
the renovation of kitchens, bathrooms and laundries. Every business needs to
provide services related to the business and all its amenities. Need some
maintenance sales and warranty covering workmanship.
2.0 CURRENT MARKET POSITON
The current position for your business before
deciding on how to market it further is an important for market position. The
basis for identifying current position is a marketing analysis and research
about your marketing plan. Canterbury Renovation is a new business and has no
existing clients, projects or history to market it further.
The Canterbury Renovations provides materials such
as timber, tiles, paint and plaster as part of their renovations services. Canterbury
Renovations expertise will ensure only quality materials are selected for use. The
competitors are all of these products are available at many places, but
Canterbury Renovations offers them as part of a service rather than as stand-alone
products. Baldwyn Kitchens doesn’t supply equipment to install in new kitchens.
The place to sell product and run business, you need
to have premises of some sort. Consider whether those premises and its location
appeal to customers. Compare your premises with your competitors’ premises.
This will allow some demonstration of work and products available and provide a
space where projects can be discussed, planned and contracts signed. The
competitors and various kitchen renovation companies in the neighboring areas
work purely from a showroom for the sales and planning stages, so Canterbury
has an advantage in service.
Every business needs to set prices for products and
service. Check competitors’ prices and policies to ensure you are being
realistic with your policies. For example Canterbury Renovations pricing policy
includes is a priced for traditional customers, the discounts offered when
pricing three concurrent jobs at once and no set prices as each job is quoted
according to its requirements.
The promotion is a how you currently promote and
market your business. There is no brand awareness in the renovation market. A
graphic designer has developed a logo, business card and letterheads ready to
promote the business, and a website is underway.
Each business has different requirements so you will
need to consider the size of your business, what service level is required and
hours or operation to determine how many staff you need. The proprietors have
experience in the industry but need training or experience in managing staff.
The priority areas for staff training will be are marketing skills,
communication skills, and customer services. As staff notice deficiencies in
certain areas, these will be identified and addressed and addressed through a
formal training strategy.
The procedures can be for activities such as dealing
with complaints, preparing quotes, serving customers, answering phone calls and
emails and equipment’s use. For example Canterbury Renovations currently
doesn’t have many written procedures. The proprietors made notes of produces
and will employ the services of a professional writer to create an operations
manual.
This will identify them as part of Canterbury
Renovations and present a neat, uniform team approach. Initially, staff will
not be provided with vehicles but it’s in the business plan to later provided
Utes and vans with the business name painted on the side. Showroom staff will
be required to keep the showroom neat and tidy at all times and to be welcoming
to customers entering the showroom.
3.0 MARKET OVERVIEW
The business is affected by factors beyond your
control, and these need to take into account before making any plans. Allow for
factors such as new regulations under consideration, interest rate
fluctuations, changes in market character tics and technological advances. They
also make use of email by providing an email address on all documents and for
all staff. The building and renovation industry is doing well at the moment
with interest rates staying at manageable levels and no new building
regulations are under consideration. Simplicity and multiple services are seen
as advantages to these busy people, and they will pay extra to save themselves
time and worry.
4. SWOT ANALYSIS
The SWOT (strengths, weaknesses, opportunities and
threats) analysis can provide a lot of useful information for a business. The
report should be easy to read and give a clear understanding of the business
aims, and key issues and objectives should flow from it easily. Some factors to
consider in a SWOT include a price structure, profit margins and existing
client base.
The Canterbury Renovations have a number of
marketing strengths, including a dedication of the staff, the financial
resources and good network of contacts for potential clients, suppliers and
tradespersons. Canterbury Renovations has identified areas where improvements
are required, including a small size of showroom premises, the no track record
in business and the business principally dependent on one person during the
formative stages.
The key issues from the SWOT, the important issues
to consider are inexperience and lack of the brand awareness, the keeping
project affordable if materials costs increase unexpectedly and the sufficient
funds for projections but limited resources for growth. The key opportunities
include is a popularity of renovations in the area, the utilizing technology to
promote business and keep in contact with staff and the good networks allow
good service and joint promotion activities.
The Canterbury Renovations’ main competitors are
West Homes and Baldwyn Kitchens. The strengths are featured in Home Beautiful
magazine and the weaknesses is a lack of fully qualified staff. The
opportunities a potential to do bathrooms and laundries and the threats also
disgruntled ex-employee suing for unfair dismissal.
5.0 ASSUMPTIONS
The assumptions it isn’t possible to accurately
predict every possible threat and opportunity. By listing certain assumptions
in your plan, it will be easy to see when the plan needs updating. This plan is
based on the following assumptions the interest rates remain fairly low and
steady.
6.0 OBJECTIVES
They should also be linked to your overall business
strategy. If the objective aren't well suited, you may want to change one or
perhaps delay one until you have achieved the first. Remember to Make your
objective SMART (Specific, Measurable, Attainable, Realistic, and Tangible).
The sales over the next 12 months, Canterbury
Renovation will 25 renovation job valued at $12,000 each. The revenue over the
next 12 months, Canterbury Renovation will generate $300, 00, the customer base
over the next 12 months, Canterbury Renovation will have served 30 new clients.
The Standoffs matrix is a useful tool for identifying your marketing objective.
The marketing objectives should be about product and markets only.
7.0 STRATEGY
The introduction of the strategy statement is a
summary of the main strategies outlined in this section, so it’s easiest to
write once you've completed the strategy. You need to develop strategies to
meet those objectives. As small businesses usually only have enough resources
to target market segments, it’s important to select the most relevant segment
before launching a marketing plan.
A strong statement outlining your approach to market
and how you will create brand awareness. The branding will make you stand out
in the marketplace so a branding strategy can be a useful marketing tool. The
brand can be for your product, product range or your business. Canterbury
Renovation will slowly build up brand awareness for their name and logo. The
branding strategy includes ensuring that any marketing or advertising
materials, such as business cards and staff uniforms, are created in accordance
with Canterbury Renovations corporate identity style guide.
This section describes your long-term product
strategy in detail. You will need to consider what features and benefits do you
offer? , the unique selling point (UPS) and potential product.
8.0 RESOURCE REQUIREMENTS AND BUDGETS
The business plan project are usually sufficient to
cover the marketing plan as well. This includes details about how to achieve
the overall objectives and costs for various activities. The mini plan uses the
format as the main marketing plan without the research and background
information. It also will show up any points where actions will interfere with
each other and take too much. The plan should be regularly and reviewed and
evaluated so it can be adjusted as required.
9.0 BUSINESS GROWTH AND DEVELOPMENT
The definition an outline the future direction of
the business. It’s important that potential investors be aware of your
strategies for future growth and development. Canterbury Renovations will keep
abreast of new products, technology and production methods. The proprietors are
especially conscious of the need to continually monitor the financial position
of the business. The business will not be profitable in the first year. All
unsuccessful quotations will be analyses.
10.0 FINANCIAL FORECASTS
The financial forecasting means making a set of
financial projections that will provide the figure to support the written
information in your business plan. Give careful thought to the initial
requirements of your business. For example is a GST has been included where
relevant.
11.0 COSTING
Show how you have established the price of your
products and services. For example is a Canterbury Renovation will be involved
in the following activities the purchase and supply of equipment, the provision
of subcontract work and the provision of manufacturing and onsite labor.
12.0 RECORDS
The provide details of the management information
systems that will keep your business running. Canterbury Renovation will
maintain sufficient business records to demonstrate the financial position of
the business on a monthly basis. These will be regularly compared with
estimates for that job.
13.0 SUPPORTING DOCUMENTS
The including certain documents will support the
statements you have made throughout your plan. If applicable, you should also
attach copies of your references, qualifications, licenses, permits,
partnership agreement, research data, current promotional literature and
locality map.
CREATIVE PLATFORM
STRATEGIC RESEARCH by an. advertising agency before an IDEA is created
A strategic research is a step by step action plan
that provides direction to thought and effort, allowing you to conduct research
in a systematic manner and on schedule to produce quality results and detailed
reporting. This allows a person to stay focused, reduce frustration, improve
quality, and most importantly, saving time and resources. A strategic research
is a step by step action plan that provides direction to thought and effort,
allowing you to conduct research in a systematic manner and on schedule to produce
quality results and detailed reporting. This allows a person to stay focused,
reduce frustration, improve quality, and most importantly, saving time and
resources.
The marketing objective is a goals set by the
business when promoting a product or service to potential users that need to be
achieved in a given time period. Marketing objectives of a company for a
specific product may include product awareness among target consumers,
providing information on product features, and reduce the resistance of consumers
to buy the product. The marketing strategy is an
organization's strategy that combines all of its marketing goals into one
comprehensive plan. A good marketing strategy should be drawn from market
research and focus on the right product mix in order to achieve the maximum
profit potential and sustain the business. The marketing strategy is the
foundation of a marketing plan
The communication helps to develop brand awareness,
which means that consumers translate product information into perceptions about
the product’s attributes and its position within the larger market. Businesses
also use marketing communication to retain the product’s current customer base,
and to cement relationships with customers and suppliers, notes "Reference
for Business. Intended goals of an advertising or promotional program. Possible
communications objectives include creating awareness, imparting knowledge,
projecting an image, shaping attitudes, stimulating a want or desire, and/or
effecting a sale." Marketing communication strategy defines the business’s
plan for product information dissemination and brand awareness development.
The target audience is a particular group of people,
identified as the intended recipient of an advertisement or message. Also
called target population. For example is a young adults between 25-40 years of
age with an income of RM2, 500 to RM5, 000 per month and concern about their
stylish and trendy images to suit their lifestyle. The
positioning is an essential part of launching your product and company in the
market. Positioning creates an image of your company’s product in the mind of
your target customer. The term “positioning” should be viewed both as a verb
and a noun. For example is a Perodua Kenari is a fashionable and stylish car
for the trendy generation.
When organizations want to communicate value, they
must determine what message strategies work best for them. For example is a
Perodua Kenari has a refreshing look that does not compromise on comfort and
space, it is also available at a reasonable price. The
creativity concept is critical to effective advertising. Many brands have used
creativity to build brand images with greater meaning the basic capabilities of
their products. Leadership in creativity and artistry in advertising help distinguish
brand leaders. Knowing how to use creativity to deliver powerful ad messages is
key. Tone & Manner of a brand can be defined set of properties, values and
personality which is owned by the brand. Because the brand has a personality
like human beings, then how we are to determine the tone and manner of a brand
is to associate it with the properties possessed by people.
CREATIVE PLATFORM
S.W.O.T
analysis
S:
Strength
The strengths are things a business is good. A
characteristic giving a business an important capability. Sources of clear
advantage over rivals and also distinctive competencies and resources that will
help the business achieve its objectives.
W:
Weaknesses
The weaknesses are a source of competitive
disadvantage. Things the business lacks or does poorly. Factors that place a
business at a disadvantage. Issues that may hinder or constrain the business in
achieving its objectives
O:
Opportunity
The opportunity is any feature of the external
environment which creates positive potential for the business to achieve its
objectives.
T:
Threatened
The threats are any external development that may
hinder or prevent the business from achieving its objectives.
FINALIZING PROPOSAL
Introduction
The
MUDIM Company offers a wide range of goods and high-quality products at
affordable prices in various sizes according to the needs of users. Among the
products MUDIM is a Sauce, Ketchup Sweet, Soy Fat Sweet Chili Sauce and Vinegar
Made. This product is only is known in Kedah, Penang and Perlis. In addition,
the product production has been promoted to business abroad is London, United
Kingdom and Saudi Arabia.
Background Study
The
business Mudim Zakaria (MUDIM) was founded by Tuan Haji Zakaria Bin Arshad,
also known as Mudim Zakaria. Beginning with traditional medicines business on a
small scale in the village, his company prospered by hard work he does. Later
in 1987, he managed to add product lines to become a producer of soy products
and sauces. Development and progress MUDIM also assisted by the seriousness of
his son, Mr. Shaarani Bin Zakaria now been entrusted to take over management of
the company.
En.
Sharaani Bin Zakaria is the third child of five siblings. He was born on
October 8, 1960 in Kampung Jelutong, KavTobiar, Limavady, and Kedah. He
received his early education at the National School Chieftain Jusuh, Limavady,
Ontario, later studying at Limavady High School, Kedah and he managed to pass
the Certificate in Education. After that, he graduated sixth in School Youth
Guidance Association.
In
the early 20s, Mr. Shaarani have ventured into the business world with the
guidance and advice of his father. Even though when the only family-run business
small - scale, he will work hard to develop it. He was so committed to the
work, and determined to succeed in business. Look deep confidence and
enthusiasm for the production of soy sauce and ketchup, his father gave him
encouragement and full support for developing enterprise. To strengthen himself
in the business world, he was commitment to attend various courses organized by
the relevant authorities such as MARDI, MARA, MADA, FAMA and SIRIM.
To
further enhance MUDIM product in the market, Mr. Shaarani has participated in
several food products expo organized by the parties concerned. Among MIHAS Expo
in Malacca, IAT Expo at the Putra World Trade Centre, Kuala Lumpur and MAHA
Expo in Serdang, Selangor. Consequently, the demand for products MUDIM increasing.
Request to product MUDIM not only the local market but also in overseas markets
as well. This proves Mr. Shaarani have succeeded in putting brand 'MUDIM' in
the global market.
Mr.
Shaarani is the son of a successful entrepreneur earth producer soy sauce, and
vinegar. He also managed to put the brand 'MUDIM' in line with the other
competitors in the market. Though he still strives to develop its business and
aims to become the leading producer of soy sauces in Malaysia.
Problem
Statement
The problem is, this
product is already well established in Malaysia, but only three states who know
about this delicious product. State know about this product is the state of
Kedah, Perlis and Penang. The product design is simpler and less attract users.
The way to advertise this product is very weak.
Aim
& Objective
• To promote their products throughout
the state.
• To create the new labeling design.
• To create the new advertising.
Scope
of research
The MUDIM product has
been established since 1987 in the state of Kedah. One of the small and medium
enterprises (SMEs) in Malaysia producing food products like is sweet soy sauce,
vinegar and chili sauce.
After 20 years, MUDIM
continue to produce innovative products to meets the demand either from within
or outside the country. Geographic factor MUDIM brand is not well known by the
entire society in Malaysia because MUDIM just do market segmentation in the
northern area only. The MUDIM products actually are focusing on housewives
since they are who responsible to buy the groceries and cook the meal for the
family.
The Male and female
user at all level of age are become potential users to consume MUDIM products.
Customer are slowly changes their tastes and preferences from Herbals’ Kipas Udang
to MUDIM product since the price is cheaper and the taste also is very good.
Design
Approach
Product MUDIM
Advertising
Campaigns
The
MUDIM product entries in promotion
Conclusion
According to surveys,
this product is very weak with advertising. The Mudim product just promote
their product through social networking such as Facebook, twitter and blog.
Besides that, the promotion through mass media such as radio. Now, we can hear
Mudim advertisement through Kedah fm. Less-attractive packaging can cause Mudim
product can't survive longer on the market. Lack of product variety, Mudim only
produce soy sauce, ketchup and vinegar. Lack of promotion during festive. The
product need new design and new campaigns.
Reference
Product Mudim, 2014,
DESIGN PROCESS & DEVELOPMENT
MIND MAP
RESEARCH PRODUCT
CURRENT PROMOTION (NEWSPAPER)
S.W.O.T ANALYSIS
STRATEGIC PLATFORM
CASE STUDY
S
W O T analysis
Positive attributes
internal to your organization and within your control, focusing on all the
internal components that add value or offer you a competitive advantage.
Strength:
- Sell directly to consumers.
- Halal product
- The Company of MUDIM earn relatively high profits and a relatively strong market in the three states to produce products for the food.
- MUDIM has sent some staff to follow some courses organized by SIRIM in order to establish the company in the field of management and skills to achieve GMP (Good Manufacturing Practice) by SIRIM.
- Factors that are within your control yet detract from your ability to obtain or maintain a competitive edge.
- Less promotion in Malaysia.
- Design Labeling simple.
- Less advertising in Malaysia
Opportunity:
- Based on economic growth, Mudim’s choose London, United Kingdom and Arab Saudi because more purchasing power from customers and businesses in that country who can potentially buy goods, where UK is 6th place in the rank of purchasing power in the world.
- There is higher opportunities of potential suppliers for resources. For example in Arab Saudi, the ingredient of Mudim’s product are totally halal product, and Arab Saudi known as one of the Islam countries.
Threats:
- External factors beyond the control of your organization that have the potential to place your marketing strategy. As a producer of soy sauce and vinegar, there are many competitor producing the same product, such as Jalen and Kipas Udang. Unsustainable price increase by suppliers might increase the cost of product, hence it increase the price and cause loss of customers.
- Shift in customer behavior, as example, customer's tastes can always change because of the price of competitor's product almost same, and at market they display the product side by side. New campaign launch by competitor can cause loss of customers because they may want to try new product.
DESIGN PROCESS
Labeling
Process
Final design (print out)
Mock up
Billboard
Process
Final design (print out)
Series of launch
Process
Final design (print out)
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