mkt 500 milestone 8

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School

Southern New Hampshire University *

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Course

500

Subject

Marketing

Date

Apr 3, 2024

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docx

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9

Uploaded by liyah19

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Cromartie 1 Kaliyah Cromartie MKT 500 Milestone Eight: Promotion Color Scheme: Nude, White, and Black Company Name: Perficient Innovations Southern New Hampshire University
Cromartie 2 Introduction: In the ever-evolving world of retail, innovation is the key to staying ahead of the competition. Motorized shopping carts with touchscreen capabilities and storage compartments represent a leap forward in the shopping experience. This paper outlines a comprehensive promotional plan that embraces integrated marketing communications (IMC) to introduce these groundbreaking carts to the market. Before diving into the promotional plan, it’s essential to grasp the key features and benefits of the product: Touchscreen Functionality: These carts feature a user-friendly touchscreen, enabling customers to access various functions such as locating products, scanning items, and self-checkout. Storage Compartments: The storage compartments offer convenience, allowing customers to keep their shopping items organized, enhancing the overall shopping experience. Cost Savings: Emphasize how these carts help customers save money by displaying the lowest- priced items and offering current promotions. Identifying the right audience is the cornerstone of any effective promotional plan. In this case, our target audience includes: Tech-Savvy Shoppers: Those who appreciate the convenience of technological advancements. Families and Busy Shoppers: Shoppers who need storage and organization for their purchases. Cost-Conscious Shoppers: Individuals looking to save money and find the best deals.
Cromartie 3 Integrated Marketing Communications (IMC) IMC involves coordinating various promotional elements to deliver a unified and consistent message to the target audience. In the case of motorized shopping carts, our IMC strategy includes: Advertising: Utilize print, online, and in-store advertising to raise awareness about the product. Highlight the touchscreen and compartments as key selling points. Public Relations: Engage in media coverage and press releases to create a buzz around the innovative shopping carts. Digital Marketing: Employ online channels to reach tech-savvy shoppers. Use social media, email marketing, and the company website to showcase the product’s features. In-Store Promotion: Create in-store displays and demonstrations to let customers experience the convenience of the carts firsthand. Partnerships: Collaborate with complementary brands to cross-promote the product and reach a broader audience. Promotion Timeline A well-structured promotion timeline ensures that the marketing efforts are coordinated and impactful: Pre-launch Phase: Generate excitement by teasing the product’s features on social media and through teasers in-store. Announce the launch date.
Cromartie 4 Launch Phase: Make a big splash with in-store events, press releases, and online marketing. Offer special deals to early adopters. Post-launch Phase: Continue to promote the product through online reviews, customer testimonials, and ongoing in-store demonstrations. The key messages for the promotional plan are crucial for effective communication: Convenience and Efficiency: Highlight how the touchscreen and compartments make shopping more convenient. Cost Savings: Emphasize the cart’s ability to help customers save money by finding the best deals. Innovation: Showcase the technology-driven aspect of the product. Measurement and Evaluation To gauge the success of the promotional plan, it’s essential to establish key performance indicators (KPIs): Sales Growth: Monitor the increase in the sales of motorized shopping carts. Customer Feedback: Gather feedback through surveys and reviews to assess customer satisfaction. Social Media Engagement: Track the engagement and reach of social media posts.
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