Marketing Plan For A Marketing

1458 Words Aug 6th, 2014 6 Pages
Answering question:
Question #1: Develop a brief marketing plan for the event of your choice. Make sure to identify the competitive advantages, target market(s), strategies, tactics, budgets, and schedule and evaluation methodologies. Describe how you will increase your marketing performance through creative and innovative tactics.
Answer: To promote the promotional event of Frizzy Drink, I will use certain strategies and a particular way for the marketing plan. The marketing plan will cater few things that will help the product in getting recognition. By adopting few of the significant steps, the marketing plan would be very useful to promote the event
Pricing: The pricing of the product is the most important part in marketing plan to promote the product in the event. Price of the product should be according to the customers and the budget and costing of the product. Do not demand excessive profit, it will lessen the demand of the product. The budgeting of the product is also very important in pricing. Never use excessively expensive products that will increase the product rate and customers feel reluctant in buying it due to high prices. $3 to $4 would be very appropriate for the price of per unit.
Proper Marketing of the Product:
Proper marketing plan will ensure in making the product successful. Campaigns would be carried out to promote the frizzy drinks on different forums including public recreational areas, malls and offices. The event will cater a proper marketing…
Open Document