The Living with Series is categorized in
the non–fiction genre of book market. Lat year this category shows an overall
increase of +5.2% in the revenues. This is a positive sign for the success of
the Living With series. It shows that the market of Adult non-fiction market
has great potential of future growth and therefore, the market situation is
favourable for the Living With series, Hence, the changes of success are
considerably high.
Similarly, the sub category of
adult-nonfiction for this series is health. An overall 5% increase is also
shown in this category during the last year. Therefore, along with the economic
instability and political changes the market situation is satisfactory and
favourable to ensure positive results for Living With series.
Competitors of “Living With” series
How to place our marketing and where:
Following are the some of the competitors
that can give tough time to Living with series.
Atkins, S. (2015).
Dementia For Dummies - UK. John Wiley & Sons. £13.18
James, O. (2009). Contented
Dementia: 24-hour Wraparound Care for Lifelong Well-being. Random House. £9.90
Mace, N. L., &
Rabins, P. V. (2011). The 36-Hour Day: A Family Guide to Caring for People
Who Have Alzheimer Disease, Related Dementias, and Memory Loss. JHU Press.
£8.99
In the above-mentioned books, the Reason to
stay alive and the Novel cure are the two most potential competitors of Living
series because these books are written know writer as compare two the other
three writer and these books have already established strong position among the
readers.
The book will be shipped from China in July
2019, the shipment will take 6 weeks, 4 weeks are occupied for printing. Then
final launch of the Living with Series is expected in October 2019.
Marketing objective of Marketing Plan
It is aimed to sell 3000 copies within a one-year
period whereas the series is aimed to be launched on the 10th
October 2019 on the World Mental Health Day therefore; it is intended to sell
1000 copies on the 1st day.
To be present on the bookshelves of the
main bookstore and other books selling points of the market.
To be the first choice of the readers in
the market by especially focusing on the readers of Mental Health Genre
Marketing strategy of Marketing Plan
For this project, it is aimed to use the
multiple marketing strategies including the psychographic, PR marketing, and
social media marketing (Brown 2017).
Following this, the PR marketing always
plays vital role for any organization therefore, with this marketing strategy
it is aimed to create awareness about the book series through improved
relations (Bhasin 2017). Moreover, in this
regards, the event marketing will also be focused in which “The world Mental
Health Day” 10th October 2019 is focused.
Likewise, in the modern time, the social
media is regarded as the most effective source of marketing; therefore, it is
also pointed to use the social media marketing strategy to create awareness
about the book as well as to encourage people to buy this series of book.
Target Market: Segmentation, Targeting and
Positioning of Marketing Plan
For Living with Series, the target and
market segmentation is defined clearly. The age group is 25 and both, gender is
both male and female, both high and middle income individuals, the behaviour
for target market are those people who are hard core readers suffering with
anxiety or depression and want to help themselves.
In the market segmentation, the broad
target market for Living with Series is divided into small segments or into
subgroups, which makes it easy for the marketers to set their focus on the
readers that are most expected to purchase the book (Shenkar 2014). Furthermore, the
psychographic segmentation is aimed to be used for this publications that will
address the shared psychological characteristics of both male and female of 25
and above. Therefore, psychographic marketing segmentation is aimed to be used
for this publication to target the customer that has interest in the field of
Mental Health Genre.
In the targeting, both male and female of
25 and above will be targeted from from the market segment (Ryan 2016). For the market of Living
with Series, the target market is Europe and UK. However, the major target
market will be Paris.
In regard of positioning, Living with
Series is at its initial stage accordingly, it is required to develop market
position therefore, it the positing strategy is based on the High quality and
market competitive price. The positioning describes that how customers perceive
the product. It is also called value positioning in which the product’s market
is decided as compare to the market (Bhasin 2017). Accordingly, the
price of a paperback is £ 12.99 and eBook is £9.99 which is
competitive price.
Marketing communication mix of Marketing Plan
The marketing mix communication is a set of
the communication channels that are used for the marketing of a product or
services (Brown 2017). Following are the
marketing communication mix that are planned to be used for the marketing of our
publication.
Supply chain and communication of Marketing Plan
The major focus of our publication will be
in EU and UK therefore, the focus of our publicity and promotion will be on the
targeted market. Following this, it is expected that the most of the titles
will be sold through the traditional book retailers, online bookstores such as
Amazon, Airports, Trains & Trams stations, local libraries, and street book
vendors (Armstrong 2015). Moreover, it is
also aimed to sell book in various event related to the mental health.
Currently the plans are to promote the book
in English in the local market, following the publication of the book series on
10th Oct 2019; there are plans to translate it into other languages
as well.
Trade promotion and sales rep support of Marketing Plan
The Living With series is scheduled to
publish on the Word Health Day on 10 October 2019. Considering this publishing
data the promotional activities will be completed before September 2019. At the
start of the promotional strategy the marketing team will meet with the sales
representatives. The proof of the book along with the advanced information
sheet will be send to the sales representatives at the end of the first quarter
of the coming year in April.
The Profile Book is the selected publisher
that is best known for the nonfiction publishes and stimulation. In order to
ensure the advanced booking of slots for promotional complain of Living with on
TV and Radio, in May 2019, the press resale with be send to all the press
contact through Profile Book. Moreover, in the next month of June the 2019, the
proofed copies of the draft will be sent for the review to the press. In the
month of August the proof copies along with the advance information will be
sending to the selected bookstores across London. These bookstores include
London Review Bookshop, Daunt Books, The Broadway Bookshop, and Persephone
Books. These stores are the well-known stores of London for the Non-Fiction
books. Hence, the promotional activities will be completed still September 2010
and the Book will be published on 10 October as per scheduled on the World
Mental Health Day.
Promotion campaign of Marketing Plan
The promotion campaign is the major part of
the marketing therefore, in this way, it is aimed to give most importance to
the social media as it is high result oriented tool used in promotional
campaigns. Following this, the social media such as the Facebook, Instagram, twitter,
etc will be used to attract large population (Ryan 2016). The reason to use
these tools is that with the advent of Big Data analysis, the social networks
enables the marketers to easily target the potential customers. Therefore, it
is decided to develop social media pages and channels containing the title. However,
alongside, the potential readers will be targeted through the pre-existing
channels. Moreover, the relevant content and hashtag will be published to
create awareness among the target market about the book. Further, the content
will also encourage the readers to take part in discussion about the readers
and our social media experts will respond to their queries.
Moreover, in the current market, the blogs
as well as the Vlog will be produced for the marketing purpose of our
publications.
Moreover, for the advertisement of the
book, the traditional marketing sources such as the TV, Radio and news papers
will also be used.
Publicity campaign of Marketing Plan
With regard to publicity campaign the word
of mouth through media is the focus. Media play a key role in creating
knowledge and sharing information among the masses. Therefore, considering the
importance of Media the PR and publicity campaign of Living series With will
use following medium. In order or target the TV audience it is intended to do
an interview of the Author in October before the Publication. Furthermore, New
Channels like BBC will be used to spread knowledge about mental health issues
and Living with series as a solution.
Moreover, health slots of Radio will be
captured to spread knowledge about the book. Likewise, Radio for book club will
also be focused for the publicity of the book. Likewise, famous newspapers will
be used to cater the audience of newspaper readers. In this regard, The
Guardian, BBC News, Daily Express will be mainly focused.
References of Marketing
Plan
Armstrong. 2015. Marketing: an
introduction. Pearson Education.
Atkins, Simon.
2015. Dementia For Dummies - UK. John Wiley & Sons.
Bhasin, Hitesh.
2017. Marketing strategy . December 15. Accessed Febuary 1, 2018.
https://www.marketing91.com/marketing-strategy-of-adidas/.
Brown, Heather.
2017. The ultimate list of Marketing Strategy. Accessed 2018.
https://www.hubspot.com/marketing-statistics.
Hutt. 2012. Business
marketing management: B2B. Cengage learning.
James, Oliver.
2009. Contented Dementia: 24-hour Wraparound Care for Lifelong Well-being.
Random House.
Mace, Nancy L.,
and Peter V. Rabins. 2011. The 36-Hour Day: A Family Guide to Caring for
People Who Have Alzheimer Disease, Related Dementias, and Memory Loss. JHU
Press.
Ryan. 2016. Understanding
digital marketing: marketing strategies for engaging the digital generation.
Kogan Page Publishers.
Shenkar, Oded.
2014. International business Marketing Strateggies. Routledge.
Profile
Books. 2018. Dementia: The One-Stop Guide - Profile Books. [ONLINE]
Available at: https://profilebooks.com/dementia-the-one-stop-guide.html.
[Accessed 26 November 2018].
Mental Health Foundation. 2018. Mental
Health Awareness Week | Mental Health Foundation. [ONLINE] Available at: https://www.mentalhealth.org.uk/campaigns/mental-health-awareness-week.
[Accessed 26 November 2018].