eng2

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School

Algonquin College *

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Course

ENG8608

Subject

Marketing

Date

Feb 20, 2024

Type

docx

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5

Uploaded by MegaRainLyrebird35

Report
1 A New Marketing Strategy for Kettlemans Bagel Company: Targeting the Digital Nomad and Remote Worker Demographic S23-Communications I/English 1-Section 4 Zarah Kashefimofrad 041089109 Research Report and Presentation Part 1 Dr. Stone, Vali July 24, 2023
2 1. Introduction and Purpose The main objective of this report is to introduce a fresh marketing strategy concept for Kettlemans company, focusing on a demographic that the company currently does not interact with. The intended goal of this proposed marketing strategy is to broaden the company's customer base, enhance brand recognition, and ultimately drive higher sales and revenue. Additionally, the report will conduct an analysis to assess the potential advantages and expenses related to the implementation of this new marketing approach. 2. Findings In 1993, Buckley founded Kettlemans, opening his first 24-hour store in Glebe, situated opposite the bustling activity at Lansdowne, now known as TD Place. Over the years, they have sold close to 100 million hand-rolled, wood-fired Montreal-style bagels, along with a variety of breakfast and lunch sandwiches, spreads, and baked treats. Despite this success, there is an ongoing demand from the public for their products. Their current marketing strategy mainly revolves around appealing to health-conscious consumers, highlighting the use of natural ingredients and healthier cooking techniques. They position their products as a more wholesome alternative to traditional fried snacks. The company's target demographic primarily consists of health-conscious individuals, fitness enthusiasts, and consumers who value natural and premium snacks. While this targeted approach has proven successful in capturing a specific niche market, it might restrict the company's potential for further expansion into a broader consumer base.
3 3. Analysis The suggested marketing approach centers on capturing the millennial demographic, particularly young urban professionals. This group places high value on convenience, diversity, and distinctive experiences when making purchasing choices. By catering to this audience, Kettlemans company can enter a fresh market segment and potentially obtain a competitive advantage. To effectively reach this demographic, the company can consider employing social media marketing, collaborating with influencers, and partnering with trendy urban cafes and snack bars. Additionally, creating limited-edition flavor launches and interactive online campaigns has the potential to generate excitement and active participation among millennials. 4. Recommendations Based on a comprehensive analysis, my recommendation is for Kettlemans company to adopt the proposed marketing strategy aimed at targeting the millennial demographic. The following are the reasons supporting my suggestion: a) Market Growth Potential: Focusing on millennials will allow the company to penetrate a rapidly expanding market segment, leading to a broader customer base and increased revenue opportunities. b) Brand Reinforcement: Implementing this marketing strategy will strengthen the company's image as an innovative brand that caters to evolving consumer preferences. c) Competitive Advantage: Engaging with millennials will set Kettlemans apart from competitors in the gourmet snack market, potentially
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