OK
- here is a real challenge to your business understanding and skills! Develop a
promotional campaign for Xterics Resources. Your
job is to plan out the promotional campaign that will ignite public interest in
what is a new and unique service, and persuade them to leave their current
veterinary practice to use the services of Xterics resources. To
launch a successful promotion campaign a number of stages will normally be
followed through. Outlined below is what each stage entails:
Stage
1: What are the objectives of the campaign?
A
campaign brief will be issued outlining the objectives of the campaign. These
should relate to what are called SMART targets - Specific, Measurable,
Achievable, Realistic and Time related. This ensures that there is a focus to
the campaign and that all involved know exactly what they are supposed to be
doing and where they are going.
Stage
2: Who is the campaign aimed at?
This will involve identifying who the
target market is going to be and this, in turn, may be related to the market
segment/s that the business is focusing on. A market segment is a group of
people with similar characteristics that may influence spending on the
business's products. A market segment might be related to gender, age grouping,
occupation, leisure pursuit, lifestyle, house type and so on. This will help to
ensure that the campaign gets to the people who are most likely to benefit from
it and buy the product/service concerned.
Stage
3: What is the message?
A
promotional campaign is designed to try to make customers more aware of a
product, brand or service. Getting the right message across is therefore
important and as such making sure the message is clear and unambiguous is
vital. The message may determine the type of promotional media used - TV,
radio, internet and so on.
Stage
4: What is the budget?
Most
promotional campaigns will have to work within a pre-determined budget. This
will give planners some idea of what they have available to spend and thus will
determine the type of promotional media used. The budget might be linked to the
expected returns on the project or the amount of investment being put in in the
first place.
Stage
5: What mix will be used?
The
marketing mix refers to the relative importance of price, product, promotion
and place in the marketing function. For some products and services, price
might be the crucial factor in determining the success of the product in other
cases the product/service itself may be more important. The promotional
campaign therefore must ensure that it focuses on what the important elements
of the mix are.
Stage
6: What is the time frame?
When
the campaign is scheduled to run, for how long and the long term plans need to
be considered. In some cases, a campaign might initially run for four weeks and
then be 'rested' to return after a few months - possibly in a different format.
The launch of a new business such as business opportunity website www.instantbuy-ng.com might be a time of fevered activity and then
subsequent campaigns might be needed as specific events take place.
Stage
7: How is the campaign evaluated?
Assessing
how the campaign has gone in relation to its objectives will be essential in
informing the future direction of subsequent campaigns and learning from the
experiences gained. There may be a number of things that happened during the
development of the campaign that will need to be addressed by the team and
which will help them to not only plan new campaigns more effectively but will
also help in the ongoing campaign - remember the time frame in stage 6!
I hope you learnt from new from this post.
To your success!
Felix Smith Aigbonohan
www.instantbuy-ng.com
www.instantbuy-ng.com
