Implementing The Marketing Plan Group 5hm
Implementing The Marketing Plan Group 5hm
Implementing The Marketing Plan Group 5hm
MARKETING PLAN
GROUP 5
Carlo Rene San Miguel
Fe angela Patria
Mark Joseph Furo Guegue
Analyn Ochia
Daniela Docot Sotor
Nicole Anne Tubig
Cyrell Narvaez
Eden Claire Trapane
Mark Lowell Moreno Navotas
Kimberly Vergara
Joseph Dominic Velez
PACKAGING AND PROGRAMMING
Packaging in Marketing
Programming in Marketing
But the very first step of this process is for a company to define clear
marketing goals/objectives needed to optimize its marketing system.
Which Platforms
Once your marketing plan is ready, you may begin to execute the
strategies, achieve the success metrics, and change the plan as
needed. It is best to maintain an open mind and utilize dynamic
strategies that can be altered and optimized along the way. Marketing
communication plans should not be set in stone but should be flexible
and leave room for optimization.
2. Stage in the product life cycle. The stage in the product life cycle
also affects the type and amount of promotion used. Products in the
introductory stages typically need a lot more promotional dollars to
create awareness in the marketplace.
ADVERTISING
1. Display Advertising
Display advertising, which is also often referred to as “banner”
advertising, is a type fo advertising that is composed of small digital
billboards or banners that are placed in and around blog posts,
keyword search pages, websites, etc. Display ads can be both
unmoving images or animated. They usually tend to take on the form
of horizontal banners at the top of a page or as a vertical banner in
the side margins of a page.Display ads are great for telling a fast
visual story while showing off brand identity. They’re usually very
visual with very little text, and are ideal for health and wellness
products that don’t require an in-depth disclaimer in the ad.
2. Video Advertising
Video ads are quite popular advertising types in today’s digital
marketing environment, and it makes sense why. Video
advertisements are eye-catching, entertaining, and great for telling a
complex story that a display ad simply can’t do. Instream video ads
and outstream video ads are the primary ways that advertisers will
utilize video ads. Instream video involves placing video ads mid-roll,
pre-roll, or post-roll in a video that a consumer is already watching.
The ad itself will be relevant to the content that the consumer is
already watching. An outstream video ad is a video ad that is
integrated into an article or blog post.If you’re a medical or
pharmaceutical brand, video ads are an excellent choice for sharing
your mission or product with full disclaimers.
3. Mobile Advertising
Mobile advertising is quickly becoming the new norm as more people
are consuming online content through their mobile devices than ever
before. Mobile advertising is, simply, ads that are optimized for mobile
consumption. Mobile ads are quite broad and can include video, app,
display, search, or social ads. For most brands, video-based social
media mobile ads are a great place to start. Health and wellness
brands could definitely benefit from these types of ads on platforms
like Instagram.
4. Native Advertising
This form of advertising is simple ad content that is integrated into a
piece of content. They are considered “non-disruptive” ads and usually
come in the form of sponsored content. These ads will match the style
and flow of the content it appears in without being pushy is
disruptive. For example, pop-up ads and autoplay videos are
considered disruptive and can often have a negative impact on one’s
potential customer base. Native ads, on the other hand, are “slipped”
into content in a way that is not disruptive and more attractive to
consumers. They can come in the form of blog posts, videos, photos,
etc.
Characteristics Of Advertising
Objectives Of Advertising
There are 3 main objectives of advertising – to inform about the brand
or offering, to persuade to buy or perform a task and to remind and
reinforce the brand message.
To Inform
Advertisements are used to increase brand awareness and brand
exposure in the target market. Informing potential customers about
the brand and its products is the first step towards attaining business
goals.
To Persuade
Persuading customers to perform a particular task is a prominent
objective of advertising. The tasks may involve buying or trying the
products and services offered, forming a brand image, developing a
favourable attitude towards the brand etc.
To Remind
Another objective of advertising is to reinforce the brand message and
to reassure the existing and potential customers about the brand
vision. Advertising helps the brand to maintain top of mind awareness
and to avoid competitors stealing the customers. This also helps in the
word of mouth marketing.
Importance Of Advertising
To The Customers
Convenience: Targeted informative advertisements make the
customer’s decision making process easier as they get to know what
suits their requirements and budget.
Awareness: Advertising educates the customers about different
products available in the market and their features. This knowledge
helps customers compare different products and choose the best
product for them.
Better Quality: Only brands advertise themselves and their products.
There are no advertisements for unbranded products. This ensures
better quality to the customers as no brand wants to waste money on
false advertising.
To The Business
Awareness: Advertising increases the brand and product awareness
among the people belonging to the target market.
Brand Image: Clever advertising helps the business to form the
desired brand image and brand personality in the minds of the
customers.
Product Differentiation: Advertising helps the business to differentiate
its product from those of competitors’ and communicate its features
and advantages to the target audience.
Increases Goodwill: Advertising reiterates brand vision and increases
the goodwill of the brand among its customers.
Value For Money: Advertising delivers the message to a wide audience
and tends to be value for money when compared to other elements of
the promotion mix.
Advantages Of Advertising
Disadvantages Of Advertising
There are many reasons why a business may choose to use a sales
promotion (or ‘promo’), but the primary reason is to boost sales. Sales
boosts may be needed to reach a quota as a deadline approaches, or
to raise awareness of a new product.
3. Flash sales: Flash sales are extremely short sales that offer extreme
discounts for a limited amount of time.
4. Free trials: Free trials or demos are one of the most common sales
promotions and one of the most promising strategies to grow a
customer base.
8. BOGO specials: BOGO, or “buy one, get one free” promotions are
primarily used to spread product awareness.
Merchandising
Importance of merchandising
Types of merchandising
1. Retail Merchandising - is a process of attracting shoppers to sell
products/services by using marketing and promotional activities.
2. Visual merchandising - is used to make the product and its
qualities prominent through different display techniques.
3. Product merchandising - includes all the promotional activities
used for selling an item/service.
4. Digital merchandising - includes all the activities used to sell a
product on the internet. This is also known as online merchandising
or eCommerce.
Personal Selling
Prospecting
Pre-approach
Approach
Presentation
Handling Objections
Closing
Follow Up
Sales Management
Sales management is the process of developing a sales force,
coordinating sales operations and implementing sales techniques that
allow a business to consistently hit, and even surpass, its sales
targets.
If your business brings in any revenue at all, a sales management
strategy is an absolute must. When it comes to managing sales and
boosting sales performance for any size of operation, no matter the
industry, the secret to success is always precise sales management
processes. This starts with a great sales manager who knows how to
inspire and lead a sales department.
5 Sales management strategies
WEB MARKETING
Web Marketing
is the process of using the Internet to market your business. It
includes the use of social media, search engines, blogging, videos, and
email.
https://www.pipedrive.com/en/blog/sales-management
https://sendpulse.com/support/glossary/sales-management
https://www.healthyads.com/articles/what-are-the-4-types-of-
advertising/
https://www.feedough.com/what-is-advertising-advertising-
objectives-examples-importance/
https://paradoxmarketing.io/capabilities/demand-generation/
insights/7-steps-to-a-better-integrated-marketing-communication/
https://study.com/academy/lesson/what-is-product-packaging-in-
marketing-definition-types-importance.html