ent of all personnel involved in development of website R – The objective is realistic as my company’s market research team will track out traffic to the website. T – By the end of one year I will achieve my target ➢ The main purpose of website
Answer – The main purpose of creating my company’s website is lead generation. Firstly I would like to get them on my page as a visitor would not buy from the website who is visiting for the first time. If we get to the visitor’s shopping list then we can try to be in touch with them and try to make sure that they should remember your company when they are making a purchasing decision. By creating a website, it will allow me to post feeds, videos and images and look for public’s
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➢ Psychographics – Target customer is the one who wants to have modular furniture at affordable prices. This person can be one of the owners of small/medium/home/corporate business who is interested in very fine furniture.
➢ Geographic – As this business is actually located India, it also does online business which would help the company to expand in a better way. There are no geographical limitations to the target market as there are offices in every country so I plan to expand this business on an international scale.
➢ Behavioral –
User status – Regular status
Usage status – Heavy user
Benefits sought – People who are looking for office furniture
Loyalty status – Strong
➢ Demonstrate congruency with marketing direction Answer – So the type of marketing for my company would be mass marketing for people who have offices of small and large enterprises. For mass marketing, using my own website is a perfect tool. Through my website I would be able to reach my target people who can afford the products. Online marketing is a powerful tool and it is cost efficient as well.
• Brand Character –
➢ Brand Character Statement –
Answer – Amber Hi-Tek brand is professional yet practical, provides attractive environment-friendly furniture at affordable prices. Furniture designed by my company has long-term durability and provides variety of designs. Amber brand is a well-known brand
Choose such a marketing method that does not require spending too much cash. Choose the one that is free as much as possible. This will be of great help if you are new in the business. There are huge varieties of tools, which are effective such as a social media platform. You can even use blog services for free. Maximize the use of these tools so that you can reach out millions of people out
Simply put, if you have a business today, you need a website. Period. In the U.S. alone, the number of internet users (approximately 77 percent of the population) and e-commerce sales ($165.4 billion in 2010, according to the US Department of Commerce) continue to rise and are expected to increase with each passing year.” (Schaefer, 2011) Every business that wants to compete in today’s economy should have a professional looking and well-designed website. It enables users to find out information about the business, and the goods and services they offer.
The basic market segmentation bases that IKEA uses are income level, age, family life cycle, lifestyles, and benefit seeking. Even though IKEA doesn’t have the best quality furniture, it has a great value because of its incredibly cheap prices. IKEA furniture at times is referred to as “start up furniture” meaning furniture one buys for their first home.viii This is why IKEA focuses on the demographics of age, income level, and family life cycle when they are segmenting their market. IKEA is basing their stores strategy 3 around attracting young, lower income individuals. College students and young adults, who tend to be in the low-income category, are a big target market for IKEA because these are the individuals who are looking to buy furniture for the first time. They are not looking to spend a lot of money because they are still unsure about their futures. College students and young adults are just looking for good, cheap furniture that will work for the time being. IKEA is able to take advantage of this target market in College Park, MD because there are many low income, college students and young adult in the area. The other big demographic that IKEA focuses on is family life cycle. IKEA knows that new families need furniture to fill their new homes, but don’t have a lot of money to do so. With that being said, IKEA really
Throughout your answers, you are required to refer to feedback data on the feedback data spreadsheet. This task is only using the feedback for the two questions that related to the website - not the expo.
The furniture market in United States can be divided into low-end and high-end retailers. The market is not dominated by a few large players, on the contrary the top 10 furniture retailers are holding just above 14% of the market share. The low-end retailers, with general merchandise retailer Wal-Mart as the
Marketing is an extremely dynamic and challenging field. There are numerous large organizations, medium and small-sized enterprises and self-employed, home-based businesses that engage in marketing and promotional activities that would help them promote their products and services and attract customers.
The potential customer can visit your online store in their own privacy and comfort without stress and distractions that there are in real life. Make it easy for customers to learn about your business, your company name should come into their mind when they need your products or services, and they should know that it is easy for them to contact you. Many customers will read your message because of their content and they will remember your company because of its signature. Businesses need to be on the lookout for new opportunities to gain the company on online directories, publish your information where your target market will find it. Give out more information about your business so that customers know more about it. Create an ordering system that meets your customers’ needs by thinking about the target market and where they are located and what payment services they are going to use. Many customers will worry about their product make sure that there is a way to say that you have sent it and also a way to say that they have received it, use appropriate packing as cheap as possible but make it look eye catching so you can gain more consumers. You are also able to repeat more online sales do be more convenient for your customers, by using existing customers can have a required id so that they do not have to insert there details again which can be very time consuming,
Mass marketing is a market strategy in which firm or industry treat market with single offer or one strategy. In this marketing term wide range of customers and audience are concentrated. As there is no segmentation and focusing concern so large amount of customers are possibly exposed to the product.
Our business idea is "To offer a wide range of well designed, functional home furnishing products at prices so low that as many people as possible will be able to afford them." Our market positioning statement is "Your partner in better living. We do our part, you do yours. Together we save money."” (IKEA, 2007)
Your website is a direct reflection of your company. It's often the first thing your potential customers see and what they use to
When we begin marketing on the internet we will have a global audience of potential customers. It will not take a lot of investment to create our website, but there will be a challenge of getting millions of potential customers to find the website. We need to create a plan for our website and stick to it, in order to be successful. This is why we would need a
Companies cannot last without customers and Marketing strategies that aim to develop customer relationships (Ferrell & Hartline, 2012). Long time ago, many people didn’t think that having a Marketing Department in a company was very important or necessary. Actually, many companies start to realize that is very important and necessary have a Marketing Department inside the company for communicating to consumers what they are selling. Also, if someone wants to create a successful company has to have a Marketing Department inside of the company. For example, a strategy of Marketing is when people see some advertisement on the street or on television, or when they see promotions in magazines or newspapers.
Use your website to craft the narrative you wish to exist around your brand. Share your authentic story, go behind the scenes, and feature content that helps people understand your value. Once the site is up, adding content is easy. Why not take up space and share all that you can about your brand?
Place: - location is major point where company will do any business. Company should know about all the Economy, population, culture and Environment.
Marketing is the action of a business endorsing, promoting and selling products or services, including that of market research, surveys and advertising. It’s the method of which goods and services move from concept to the consumer. “Marketing is a human activity directed at satisfying human wants and needs” (Phillip Kotler). The marketing process involves four steps. These four steps are all accomplished with the goal of creating value for your target consumers. Some elements of the steps are performed