Download presentation
Presentation is loading. Please wait.
Published byKelly Horton Modified over 9 years ago
1
KRKT Marketing Plan History Market Analysis Company Analysis Customer Analysis Conditions Analysis Competitor Analysis Marketing Strategy Target Marketing Selection Service Positioning Marketing Mix Decisions Price Promotion Product / Service Distribution Service Financial Projections Marketing Plan Assessment Controls Competitor Responses Anticipated Results
2
History Subdivision of Clear Channel Broadcasting Inc. Broadcast out of Albany, Oregon since 1983
3
Market Analysis Company Analysis Customer Analysis Conditions Analysis Competitor Analysis
4
Company Analysis Goals Fulfill the country music listening needs of the Mid-Valley Do this by offering high quality country music Superior customer satisfaction Organizational objectives Market leadership Continually increasing market share in Mid-Valley Expand broadcast coverage and market share outside of Mid- Valley Strengths Mid-Valley’s most listened to radio station Highest rated morning show in the Mid-Valley Weaknesses Limited broadcast zone Portland to Eugene
5
Customer Analysis Current target market Primarily focuses: Linn County 102,200 people Benton Counties 76,000 people Majority of listeners residing in Corvallis and Albany Potential customers College students Large population in an isolated area (16,777)
6
Conditions Analysis Porter’s 5 Force Model High degree of rivalry between existing radio stations Medium threat of potential entrants Suppliers have high power Radio stations Buyers have extremely high power Listeners High threat of substitutes TV, MP3’s, CD’s, Internet Radio, Tapes Government regulations The music/material that is allowed on the radio Social and Ethical issues The music and material that is played over the airways Technological change Internet radio
7
Competitor Analysis KRKT has both Direct and Indirect Competitors Direct Indirect
8
Direct Competition Country Stations Pure Country 103.7 Always more music New Country 93.1 Continuous country favorites Cat Country 98 Other Local Stations KBVR 88.7 FM Oregon State radio KLOO 106.3 FM Corvallis rock classics KFLY 101.5 FM 80’s, 90’s & today KDUK 104.7 FM Today’s best music Rosie 105.1 FM Today’s best variety
9
TV MTV VH1 MP3’s Napster CD’s CD burning Internet Radio Indirect Competition
10
Marketing Strategy Based on Product/Markets Market development strategy Based on Competitive Advantages Differentiation Only country station targeting the Mid-Valley Key strategies for implementation Country swing dance lessons at the Peacock Bar Sponsoring the rodeo for the Benton County Fair and Philomath Frolic Hosting a country concert at Oregon State University KRKT Web Site
11
Country Swing Night Peacock Tavern Saturday night country swing dance lessons Instructor from 10-11 pm $3 Admission Fee Open country western swing from 11 pm – 2 am $2 Cover charge
12
Rodeo Sponsoring Benton County Fair Philomath Frolic & Rodeo 47th Annual Voted 2000 best rodeo of the year by the National Pro Rodeo Association (NPRA) membership
13
Country Concert Oregon State University Reser Stadium Gill Coliseum MU Quad
14
KRKT Web Site www.krktcountry.com www.krktcountry.com Includes: DJ biographies Contests KRKT message board Links: Artist’s web pages News Sports Weather
15
Target Marketing Selection OSU College students Large population in an isolated area 16,777 students Alternative to mainstream music Popular artist crossover Country image
16
Service Positioning College Students Only country station marketing towards OSU college students Athletes Sporting events Agricultural College Ag. Day Greeks Philanthropies Parties Dorms Dances Types of listeners Mobile listener En route to some destination Music, news, weather, humor Work/Home listener Frequent/loyal listener More music, less talk Occasional listener Least station loyal Change frequency to suit their mood
17
Marketing Mix Decisions Price Promotion Product / Service Distribution Services issues
18
Price Non-retail business Free service subsidized by advertising Radio advertising Length, time of day, repeats, and if the advertisement requires the need of a DJ Internet advertising Size, location, and longevity
19
Promotion Promotion Advertising Newspapers OSU sporting events OSU / local bulletin boards Fliers Remote Street team van Web Site Public relations Charity of the month Attend community events Contests
20
Product / Service Value Listening enjoyment (music) Entertainment (talk shows) Information (news, updates) Feelings of emotion Benefits Traffic reports Special offers and promotions Winning contests / prizes Advantages Longest music sets in area Least commercial breaks
21
Distribution Availability Radio broadcast to people that can pick up the KRKT frequency Internet broadcast to people with access to the KRKT web site Distribution channel Radio Station (encoder) Radio tower (media) Listener (decoder) Potential Problems Technical difficulties Broadcast interference Listeners outside of broadcast range Weather
22
Services Issues Expectations A clear radio frequency Procedures Certain format Mornings More talk, less music Afternoons Traffic reports, updates, and news Evenings More music, less talk
23
Financial Projections Projected costs Projected revenues Initial investment requirements for implementation of strategies Cash flow projections
24
Marketing Plan Assessment Controls Competitor Responses Anticipated Results
25
Competitor Responses Anticipation Potential responses Modify strategy Worst-case scenario
26
Anticipated Results Probable scenarios Realistic expectation Financial gain Increased market share Enhanced market position Increased awareness Benefits
27
Financial Projections Costs Of Promotions
28
Questions?
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.