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Marketing Strategies
Marketing Strategies
How communication has evolved
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Technology and communication are perpetually evolving. The access to information, spread, and its utilization has transmuted significantly from the age of utilizing letters to online social media platforms. These have brought platforms that can access an astronomically immense number of people within a short period; it is safe to verbalize that information peregrinates wider and more expeditious compared to the last decade.
This magnification in information technology and systems has coerced the way marketing is carried out in the world today. There are different ways to conduct advertising that was not there before. The online platforms have eased e-commerce and payments being made through the competitors. Therefore, a competitor may capitalize on the online platforms and succeed, but by so doing forget the people who use traditional methods of communication, such as television sets and newspapers. As a result, it necessitates for a more integrated approach to advertising. There is the need to account for every single user in the target market.
A readymade magazine is a DIY magazine. The target market in this industry vary. They can be office going people, to blue collar employees who like to get their hands dirty. Millennials are also getting creative and want a cheaper and more innovative
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way of doing things. DIY projects therefore also appeal to this generation too. The demographic represented in our target market has unique characteristics and to access the whole market, and compete effectively; it is essential to reassess our advertising strategy. The first step of the making of a well-integrated approach is the formation of the objectives. They provide direction for the organization and help in choosing the appropriate strategy. The general purpose of the plan is to increase the revenues earned and subscriptions to the magazines. This objective is achieved by the help of the following specific objectives: a) Increasing consumer awareness on the Magazine b) To venture into digital print through online and web-based platforms c) Expand the geographical reach d) Increase customer loyalty to the product e) Have the number of corporate advertisements in the magazine increase After developing then objectives, then it is essential that the target market is defined. Understanding the characteristics of each member or the demographics is key to create a strategy. The target market here is: a) Housewives b) Stay at home dads c) Millennials d) The elderly e) Companies The best approach and most influential are online advertising. Online advertising estimated that seven out of ten Americans use social media. The advantage of social media allows people from all over the world to interact are an example used for advertising different products. The approach is, therefore, essential in increasing customer awareness of the product. Online advertising has grown over the years and as such the concept of real-time advertising has been adopted by most. Real-time advertising has been used to take advantage of immediate and viral trends and capitalize on them to advertise. The created impression is more lasting as the advert carried out is more relatable to the clients. (Lemon, K. N. 2016)The result is cheaper advertising costs as the idea spreads on its own without needing the use of company resources but powered by ‘likes' and ‘shares.' The use of online advertising is a benefit to most depending on the social media being used. Facebook, Instagram, Pinterest allow the audience to share videos and pictures. The use of such audiovisual sources is necessary to create and impression especially for a magazine that specializes in DIY projects. The approach is also important and necessary because the era of actual print is almost dead. People are reading articles online and getting their news from their phone. The average American spends a significant amount on their gadget, as such, for convenience they prefer having their work on the screen of their phones. Lastly, social media and online marketing platforms are easy to create market data. Social sites like Twitter and Facebook can generate an extensive database and are rich with consumer information. It is by the use of this information that the Magazine can re-adjust and re-evaluate strategies making them timely and relevant and by so doing always have a vibrant audience loyal to the brand. The audience can interact with, and provide their views directly to pages online. We are then able to offer personalized recommendations and more specific advertising to clients through cookies and review of their browsing patterns. (Lambrecht et al. 2013). To appeal better to millennials, the Magazine can employ the use of celebrity endorsement and other publicity strategies such as charities. Most established magazines such as Times, Forbes, and Victoria Secrets have their covers graced by a celebrity. It may be tricky getting a celebrity with interest in the furniture, but, the charitable acts appeal to the masses. Endorsing and sponsorships in events that involve giving back to society and climate change is a tool that can earn the loyalty of the clients. However, not all hope is lost, having celebrities' grace the cover of magazines can receive an increased market base. Employing this technique needs tact. The celebrity covers need to embrace both cultural, religious and ethnic diversity. Race and gender should be represented in perfect balance. The world has also grown sympathetic to climate change and going green initiatives. Including such features assures the Magazine of diversified groups and hitting different demographics. The client base then grows and so does the revenue. An effective marketing strategy needs to address the continuity of age. As people grow, their interests change. The usage of social media declines with age. The marketing manager and strategist in this field need to blend the two product promotion mix. People spending less time on their gadgets and online may reduce the effectiveness of social media marketing. Instead, the constant is that the people will at least read their mail and text messages. Mailing lists can send the information direct to the target market. The methods' effectiveness is drawn from the ability to tailor-make a message that appeals directly to that particular person. It is effective especially when it comes to formal meetings and sessions. Companies are clients and potential employers. They subscribe to our magazines and can also use them as a platform to advertise their product. Having a comprehensive database that contains a mailing list that can hit a large demographic unit assures their continued partnership. The direct advertisement, in summary, hits both individuals and companies. It, therefore, is a strength for the enterprise. Homemakers and stay at home dads spend most of their time either at home or shopping malls. This times spent in the areas mean that they have the time to watch television. The use of television is a method used to create advertisements which give strength as a method to capitalized. The ads also need to run at a strategic time so as to ensure that they have the control of the television sets at the time of advertising. The perfect timings being afternoons when the children are at school and late night hours after they have gone to sleep. Their access to malls and time spent their offer a chance to carry out product promotion through personal selling and sales promotions. Staging sales representatives at malls and other public outlets such as gas stations and churches now cater for the population that is unable to go to access social media or the television sets. The effect of this move is increased sales, awareness and by so doing increasing revenue. The two strategies named achieve their goals since they have personal appeal.
The reps and agents can have one on one discussions and through these discussions can convene people to buy the magazine. They can also attract people who would like to advertise the product. Every product promotion method should be able to give feedback to the organization. Feedback is collected, and quick market surveys can be carried out during the period. Brand ambassadors can also be the image of the company. Their interaction with people can sell the products being used or applied much easier as their PR abilities are perceived to reflect the views, character, and spirit of the
firm. Product promotion mix is an essential tool for most marketers and managers. The proper application of the techniques is the basis of success stories by many companies. Marketing strategies and Customer satisfaction often are inseparable. The plan needs to influence satisfaction (Wang’ondu, 2016) Companies like Coca-Cola and Pepsi have a loyal consumer base. This loyalty has been earned through a series of events and activities that have marketed them wisely and assured them of their market share. For them, marketing is aimed at ensuring consumer loyalty. It draws us back to conclude that the most efficient strategy can only be formulated from clearly defined objectives and extensive market research where the tacit knowledge acquired is used to tailor a strategy relevant to the clientele. Arnett, et al. 2014).
Christopher McCandless’ long, fascinating, but an ultimately fatal journey into the wilderness of Alaska is depicted in the biography, Into the Wild, written by Jon Krakauer. Late in the of summer of 1990, a very young Christopher McCandless left his ordinary world in Annandale, Virginia to pursue a solitary life in the untamed wilds of Alaska. Many will insinuate that Christopher McCandless’ actions were childish and idiotic, but a stronger argument would be that his unconventional thinking and desire to live life on his own terms allowed him to reach self-actualization.
Have you ever wondered how some athletes have gotten so good at a certain sport? Have you ever thought about what they did in order for them to get this good? For some the answer is simple; workout and train. But for others the answer is different; the use of performance enhancing drugs such as steroids. There are some people that argue that steroids should be legalized and allowed in professional sports. Other people argue that steroids should not be allowed. Today I am going to state my opinion and justify my reason. Steroids should not be allowed in professional sports because it can be very dangerous to the athlete’s health, it is a way to gain and un-fair advantage and it can be dangerous in both social and physical aspects.
How would you deal with the constant thought that you are always being observed and judged for every movement you make and every thought you have? Would the destruction of your privacy be too much to handle? Nobody deserves to live with no private thought or action. In 1984, by George Orwell, every movement that people make in this society is the exactly what the government wants so nobody is an individual. The government produces a bunch of perfect clones to live under its rule.
“Social media, a web-based and mobile technology, has turned communication into a social dialogue, and dominates the younger generation and their culture. As of 2010, Generation Y now outnumbers Baby Boomers, and 96% of Gen Y has joined a social network” (Qualman 1). Social media now accounts for the number one use of the Internet, and this percentage is rising bigger every day (Qualman). As a consequence, people are becoming more reliant on social media, which has a led to a number of advantageous as well as unfavorable effects. The world is more connected today than it has ever been in the past, and this is all because of growth in technology. What has yet to be determined though
SOURCES: You will need to incorporate at least four (4) of these sources into your essay. If you use too few sources, your own argument will appear uninformed and superficial. If you use too many sources, your own argument will get lost in the clamor of all those other voices. The trick is to use enough sources to prove that you’ve read about and thought through the issue, which includes using sources to support your position and sources to offer counterarguments to your position. Four sources is a good target number to find that balance
The increasing process of globalization, coupled with an organization seeking to satisfy the needs of consumers globally, contributes significantly in embracing technology in the marketing process. In addition the marketing strategies are inclined towards reaching not only the targeted segment, but also potential customer that can be captured based on the market forecast of the firm. Therefore, integrating various tools of communication as well as platform of reaching out to a wide range of audience has been embraced by corporate globally. Notably, effective communication is vital in the marketing process (Percy, 2008). On the other hand, reaching out to a wide range of customers or audience in the advertising process in significant important. From this perspective organization can utilize both effective communication and a contemporary platform to reach to a wide range of
Overcoming adversity is imperative. In fact, you can 't have the happiness and success you want unless you have adversity in your life and overcome it. It is essential for progressing into who you want to be. It shows you what you are made of. It teaches you more about yourself, how to approach what you want, and how to maintain the success that you have. Without it, you wouldn 't know how far you could go or how capable you are because you wouldn 't have anything to push you or compare to.
Magazine articles are a great way to circulate your product advertisement. Monle Lee and Carla Johnson explain in their book, Principles of Advertising, “A magazine tends to be read at leisure, kept for long periods of time, and passed to others.” (231). Magazines are passed along so frequently that product advertisements are sure to be seen by many. This advertisement, however, appeals not only to the tastes, but to the sense of well-being that many Americans are becoming more concerned with.
With the modern age’s influx of new forms of communication, the skill of writing has taken a back seat for most people in their daily lives as brevity has become of greater importance. The more you can say in fewer – and often shorter – words, the better. While this is acceptable for those who have already developed the necessary motor and mental skills required to write well, it is increasingly worrisome for children who have not yet mastered these abilities, and could potentially set them back for most of their lives. Creative and persuasive writing is incredibly important and should be stressed in education to avoid future academic difficulty and promote a stronger intellectual generation.
I should receive a passing grade in this class because I can write now. Not just an exaggeration, but after another semester of English I finally feel confident that can write. Three of the reasons behind my confidence is I learned, I experienced and best of all I repeated. These three values helped prepare me for what is in store in English 1302 and here is why.
According to Shimp (2007), there are five important factors which determine the purpose of advertisement in terms of marketers’ communication with consumers. He listed these five factors as follows: “(1) informing, (2) influencing, (3) reminding and increasing salience, (4) adding value, and (5) assisting other company efforts.” (p.246). To clarify that, the first most important aspect is informing people which means company needs to enhance the awareness of the consumer about their products by mentioning its advantages and features. Advertising also affect the products in two ways. Firstly, by basic demand, which build consumer desires for old products of the company and secondly, refers to a new brand of the company. In addition, effective advertising can retain consumer’s mind fresh about the image of a brand which develops the trace of the memory where consumers have to choose between two or more products. Moreover, it may change the product quality, create new, well-designed and elegant product and change consumers view towards the product. Lastly, by effective advertising program, company may save money and time as s...
In today’s world of ever-expanding technology, even the oldest generations alive today are aware of the surge of social media usage in recent years. The fast growth has brought about many social networks, such as Facebook, Snapchat and Instagram, but of all of the social media networks still thriving, this essay will discuss Twitter with an emphasis on how it has evolved, how it has influenced the world, and how it has managed to stay relevant over the years. According to Matthew Hudson at The Balance, social media is a “series of websites and applications designed to allow people to share content quickly, efficiently and in real-time” (Hudson, 2017). These networks can be accessed via smartphones, computers, tablets, and other relative devices
Nowadays, advertising is a very big business. Very often is the major means of competing among firms. Furthermore, supporters of advertising claim that it brings specific benefits for consumers.
This is because of a variety of reasons.... ... middle of paper ... ... However, the author acknowledges that social media has also increased the need for fast information [22].
Many don’t realize that the road to success isn’t so much a road as it is a winding,