Marketing Strategies The meat
The 5 P’s Promotion (90% of the plan) Product Price Place People
Promotion Advertising: creative and media sections Sales Promotion Public Relations Direct Marketing Viral Marketing Event Marketing Other
Strategy as objective Your strategies will be the objectives for support sections Ex: To establish Quick and Easy as the quick and easy way to get the clothes you want (creative objective) Ex: To reach women who have just had their first child (media objective)
Creative Objective “To establish…” “To reposition…” “To convince…”
Media Objectives Target Geography Seasonality Aperture
Production objective Good, fast, cheap triumverite
Sales Promotion Objectives Consumer and Trade Ex: Convince light users to buy two units instead of one Ex: Increase facings from 4-6 during the campaign period
PR Focus on marketing public relations (getting the story out through media) versus corporate public relations (Gov’t, employees, special interest groups, etc.)
Events What would a” Papa John’s Experience” need to accomplish? For Consumers? For Trade? Full blown strategy/execution of the Papa John’s experience due 10/17 (present in class)
Don’t forget Merchandising Packaging Viral Games Promotional items (tchotchkes)
Only great ideas need apply Price Product Place
People Summary that serves as rationale
Great Integrated Campaigns Nike Apple Target Ford Pedigree
Integration