In
this marketing plan, there has been including different four strategies
including the use of different brothers that are going to implement or
distribute door-to-door as nowadays along with social media this marketing
technique is also going good. 2nd option could be an advertisement
on electronic media as people use to watch advertisement as well. 3rd
option could be approaching current businesses that are working already in the
markets so that their traffic can get through.
The 4th option can be a very unique way which is providing
people some free samples or services in terms of, making them realize with the
fact that there has been a new thing coming in the market. (Martin, 2017)
Describe
how the following traditional factors can affect consumers purchasing behavior.
(a)
Family Life Cycle
Consumer purchasing power always get
effected by different but unique aspects as consumers are normal working people
and they only get this if they do not going to happen they can get disturbed by
this. Family life cycle depends on the purchasing power of the consumer as
he/she has to purchase for their families and also they have to save for their
families for further expenses.
(b) Heredity and home Environment
The heredity
and home environment depends very
much on marketing as they are concerned to buy things for their home interior
and once they are going to shop they must remain in search of affordable and
consistent prices so that without being affected by the high prices they can
renovate their houses.
(c)
Cultural,
Social and Situational Environments
Cultural,
Social and Situational Environments are an essential thing to be considered
carefully from the marketing perspective as many of the times it happens that
the more you work carefully on it the better you cannot deny its importance in
the marketing criteria else you cannot rely on its importance as it grows
gradually and along with this it helps to promote target audiences more.
Outline
the principles behind marketing to first families
Marketing for first families is an important and happening thing as it
makes the workings more innovative and more precise. Many of the times it
happens that when you market for first families you will observe a huge
difference of sale of your products or services as families are main concerns
for the betterment of your business and they will first buy your products or
services whatever you are offering to them. These are linked with direct
purchases so you can get an excess of purchases and hence you can get best
marketing ratio on your product or service when you apply it on first families.
(Chand, 2018)
Outline the
principles behind marketing to empty nesters.
Empty
nesters are those middle aged or older age people who do not live with their
families or some couples who lives separately alone and far far away from their
complete families. There is an opportunity that they will get more highlights
in terms of making them marketing and they will become more aware of the
products or services you are offering as they have limited access to people of
their own so they use to live more social on the social platforms so you can
market your products more there by keeping your products growth more hire and
more highlighted as well.
Describe the
benefits and constraints of 4 different marketing mixes.
4 marketing mixes includes the products prices which
is very important as customers do not want high process so your prices should
be normal. Places you are going to market your products should be according to
the use of your’s of that product. You must select the right place so that your
product or service will highlight there more as compare to you promote your
product at a place where it is not needed. Your promotion should be so much
attractive and eye-catching that people will attract more and this is the best
thing regarding your marketing that your product will enhance by your excellent
promotion. Your product is the thing you are marketing for but if you do not focus
on its aspects then you cannot be able to get quick and efficient results from
it and you will lose your efforts after this. (Yodiz.com, 2018)
Describe the
benefits and restraints of 4 different marketing approaches.
. There is always
a team that works after promoting the business the whole team works according
to their skills in their specific department. Every person is responsible for
his or her tasks and if they do not work properly on their target then there
are many of the things that become disturbed and this will ultimately disturb
other and even whole marketing of the business as well. The more people are
responsible the better they give their business success.
Describe the
benefits and constraints of 4 different marketing mixes
4
advertising blends incorporate the items costs which is significant as clients
don't need high process so your costs ought to be typical. Spots you are going
to advertise your items ought to accord the utilization of your's of that item.
You should choose the ideal spot so your item or administration will feature
there additional as contrast with you advance your item at a spot where it
isn't required. Your advancement ought to be so a lot of alluring and
eye-getting that individuals will pull in more and this is the best thing with
respect to your showcasing that your item will upgrade by your incredible
advancement. Your item is the thing you are advertising for yet on the off
chance that you don't concentrate on its viewpoints, at that point you can't have
the option to get fast and effective outcomes from it and you will lose your
endeavors after this. (Chaffey, 2019)
1. Describe following market opportunities.
a. New Products or Services to Target
Specific Markets
Launching
of new products to target market is very helpful in getting more opportunities
as there are many different things that works only then, when you take care of
the thing that where you are marketing actually. The more you promote your
business in a new perspective the better you will be able to get more targeted
audience and more success will be in your favor.
b. New Business and Franchising
New
businesses and franchises enhance your business and they will give you more
ideas about how to grow your business well and in which conditions. Your
business franchises will increase your sales and indirectly they increase your
worth of working as well. There are many different things that not only effect
the promotion of your business successfully but also make your business more
highlighted and more developed through inaugurated different franchises.
2. Describe Following Codes Of Practice
(a)
Free TV Australia Commercial Television Industry Code
of Practice
This code says that you can promote your
product for free but in return you have to deliver some services of your or
products free at some places as a test of your work so that people can rely
more on your products and as well as on higher profit this free advertisement
will help you very much. (Borella, 2015)
(b) ADMA Direct
marketing code of Practice
This code provides you
the ease and comfort of the marketing of your product or services directly and
hence you can do it in less cost according to your ease and comfort as there
are many different things that involves in your marketing process that charges
some amount so you must use direct marketing so that these costs will decrees
and you can save your finance for better options.
References of 4 different marketing options you could include in your marketing plans
Borella, S. (2015). The new Commercial Television
Industry Code of Practice is now in play. Retrieved from http://www.mondaq.com/australia/x/450014/broadcasting+film+television+radio/The+new+Commercial+Television+Industry+Code+of+Practice+is+now+in+play
Chaffey, D. (2019, December 19). How many different types
of marketing plans does a business need and why? Retrieved from
https://www.smartinsights.com/marketing-planning/create-a-marketing-plan/many-different-types-marketing-plans-business-need/
Chand, S. (2018). Approaches to the Study of Marketing (4
Approaches). Retrieved from http://www.yourarticlelibrary.com/marketing/approaches-to-the-study-of-marketing-4-approaches/25846
Martin. (2017, August 24). Understanding the Marketing Mix
Concept – 4Ps. Retrieved from
https://www.cleverism.com/understanding-marketing-mix-concept-4ps/
Yodiz.com. (2018). 8 Types of Marketing Strategies and
Definition. Retrieved from
https://www.yodiz.com/blog/8-types-of-marketing-strategies-and-definition/