Marketing Plan
Introduction
The current paper describes the marketing plan for a new Johnny D Bar that will be a bar located in Shoreditch area, London on Rivington street. Shoreditch is an area of London within the London Borough of Hackney. (Foxtons, 2015) Shoreditch can be described as an area that is the epitome of the changing face of UK in general. (Nelsons,2013) The plan consists of the following parts: mission and vision statements, service description, marketing mix (7P), target market and potential customers, competition, objectives, promotion analysis, SWOT analysis, SMART objectives, PESTLE analysis, conclusion and advertisement.
Mission statement
The mission of the bar will be to satisfy the customer, to whom it will offer a
…show more content…
Service description
Johnny D Bar is a thematic bar located in the Shoreditch area, which will be American-styled one during 1920-30 years, when mafia had a great influence on the country’s life. All the furniture, dishes and other stuff will be designed accordingly. It will serve traditional drinks of that time while the walls will be decorated with the photos of John Dillinger and other famous Mafiosi. Customers will enjoy jazz, blues, country and folk music from such singers as Billie Holiday, Ella Fitzgerald, King Oliver, Louis Armstrong and others. Moreover, live music will be performed on Friday, Saturday and Sunday evenings. Another feature of the bar will be separate rooms for table games, including Mafia, Monopoly and others.
Marketing mix (7P)
Product
Johnny D Bar will offer several different services for customers: high quality alcoholic and non-alcoholic drinks, as well as fresh-cooked delicious food and a big choice of table games, which will include Mafia, card games and others. Today, there are a lot of restaurants and bars where people can eat and drink. Johnny D Bar will be a place, where people come for something more. A variety of details like old American-styled furniture and dishes, live jazz and blues, special events and parties will make a visitor enjoy his time and want him come back again.
Price
Price is an important characteristic, which makes customer’s opinion about the place. The highest might scare a lot of customers, while low ones might
In a day of, “I want it now and I’m willing to pay for it,” a shopping center has to offer a variety of stores, and also have several options. The shoe shopper will go to the place with 5 shoe stores before they go to the place with only 1. They may not realize that of the 5 available shoe stores; only 1 is in their price range, but satisfying a wider variety of consumers will help the mall broaden the shopper’s experience. But it is important to remember that shoppers are price sensitive, so not only do you need a variety of stores offering a variety of products, but you also need to be able to provide a variety of price points so you don’t limit your shopper demographics.
This bar marries early twentieth century decadence with a modern take on the speakeasy atmosphere. The serve food as well, but the drinks and the entertainment are what you come to Big Mike’s for.
The key to successful pricing is to match the product with the consumer's perception of value.
Joe’s Bar have over 120 plasma televisions and even a high definition projector. There are even five party rooms that are different so that you can rent out the perfect one for your event. When the weather permits, a rooftop is available for parties as well. To attend the establishment, visitors must be 21 and older.
Johnny doesn't like it when people tease each other. On page 24, Johnny sticks up for Cherry when Dally is making fun of her. Johnny was considerate and was tough to stick up to Dally who is one of his idols. Johnny is protective by using his toughness to protect others. Johnny is a person that hates fights and wants to protect people. On page 24, when Cherry says she will call the cops Johnny says “Leave her alone Dally.” This was a good move by Johnny to protect Dally from getting thrown into the cooler again. Johnny is the toughest gang member when it come to what he thinks is
Passionate about exceeding the delivery of our customers’ service expectations by providing the very best in professional, value
Therefore, Chatime using psychological pricing strategy which is set those ending with nines or other odd numbers on all beverages to stimulate consumer demand and sometimes these are referred to as “just below” prices as they are often “just below” an even price such as RM1.99 vs RM2.00. For example, Chatime instead of charge RM6 for a milk tea beverage you might charge RM5.99 per beverage. Some consumers associate the price closer to RM5 than RM6 even though it is only one cent less and they may subconsciously be partially ignored. The theory that drives this is that lower pricing such as this institutes greater demand than if consumers were perfectly rational. Psychological pricing is one cause of price points to get more customers and the psychological pricing method helps Chatime build an impression of the brand without making significant changes to the product. Simply revising the pricing structure can make the product seem like the best on the market compare with other competitors or elevate the Chatime’s milk tea to the top of the available options. Although the price of Chatime’s milk tea is lower than competitors, customers are those who important of quality and price attributes will buy the products too. It is because customers are relatively insensitive to the product price. Customers willing to pay more for own
Our mission is to satisfy each customer and instill professionalism back into black owned barbershop businesses in the inner city.
the psychological meaning of a product to customers. On the other hand, cost is related
Joe’s Shop offers the best quality software at a lower price for the past 20 years. We also provide the best renewal and recycled program to accommodate our ever growing customer needs. Are mission is to put our customer at the center of what we do and we value challenges and rewards. With the help of Joe’s cheap software shop, every corporate and small business can increase efficiency within their
The bar is quite large with 2 service areas with huge selection of beers and spirits also showcasing a wine selection area. The bar has a nice marble counter, which is complimented with a sleek scattered tile design.
Quite often, consumers purchase goods and services based on their perceived need. Upon making the decision that a need is present and a solution is available consumers are more equipped to react to that need. Although previously perceived that consumers will normally accept prices as presented by suppliers that remains to not be the case. Consumers assess and process prices based on past purchases and other psychological process they went through previously such as persuasive marketing strategies, accessibility of the goods or services and possibly information gathered from prior purchasers of a product. There are countless options that are available to consumers. Consumers are then faced with the choice of choosing the product that best fulfills their need at that given point. Consumers who are knowledgeable regarding prices will be aware of the approximated price for products (Zhao, Zhao & Deng, 2015).
Price interacts with all other elements of the marketing mix to determine the effectiveness of each and of the whole. The objectives that guide pricing strategy should be a subset of the objectives that guide overall marketing strategy. Thus, it is probably wrong to view price as an independent element of marketing strategy or to assert that price, by itself, is a central element in the marketing mix.” (Webster, 1979)
I would like to propose a marketing plan for opening a coffee shop in the city of Moscow. Over the past two or three years, a coffee shop in Russia managed to grow in a socio-cultural phenomenon: at once there was like a house of cards, the Soviet culture of consumption of coffee.
Price, which is one of the most important elements of the marketing mix, can be difficult to get right. Pricing too high, or low, can negatively impact on customer satisfaction and revenue. Adopting a pricing strategy is necessary to achieve desired sales objectives (Chan & Wong 2005).