Student Will Complete Promotion Exercise 1:: Activity 1
Student Will Complete Promotion Exercise 1:: Activity 1
Student Will Complete Promotion Exercise 1:: Activity 1
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DAY 2: 2-7-12
DAY 3: 2-8-12
ACTIVITY 1: After discussing key vocabulary terms, have students log onto the
internet to research demographics in Durham County, NC. (information as of 2010
census)
ACTIVITY 2: Out of the NFL, NBA, MLB and NASCAR - which group do
you think would have the most loyal fan base?
Use the internet to research NASCAR demographics - answer the following questions:
http://www.gommi.com/rftc_media/race_demographics.htm
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DAY 4: 2-9-12
Exercise One
In Group A there is a list of various products and services that a business might sell. In Group B
there are various target markets. Match the terms using the appropriate #
1 Math tutoring Women over 70
2 Lipstick 10 yr. old girls
3 Lawn mowing service Middle aged men
4 Popsicles Single mothers
5 Backpacks Teens
6 French cuisine restaurant Rich men over 60
7 Baseball cards Elementary school kids
8 $.25 candies NBA nuts
9 PSL's NASCAR nut
10 Lakers merchandise 12 yr. old boys
11 Dale Earnhart Cap TV nuts
12 Time Warner cable services Football nuts
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There are many kinds of marketing strategies. You might decide that the best thing for your
product is to rent a shop and sell from those premises. Advantage: ease of start-up.
Disadvantage: Can mean long hours such as a Video Store.
You might decide to sell your product by going door to door asking people if they want to buy.
Or you might need to sell only to shop keepers so that they stock your item and customers buy
from them. You might decide it’s a good idea to advertise in the local newspaper or it
might be better to advertise in a national, glossy magazine. Your marketing strategy will be
decided by your target market.
If for example, you have a lawn service business where you mow people’s lawn, clip their hedge
and rake up leaves, a door-to-door approach may be an excellent marketing strategy for you.
A large amusement park such as Carowinds may advertise in a national glossy magazine, such
as "Southern Family Vacations". Selling things such as baseball cards or a used car - - the ad
would probably be in a local newspaper. It would not make much sense to advertise a used car
in Durham, NC in a newspaper in Miami, Florida unless it was a classic car.
Exercise Two
Kelly has a business that manufactures two types of lunch boxes. The first type is a basic silver,
metal lunch box with a thermos inside. The other type of lunch box is plastic with different
scenes from the Harry Potter movies both outside and on the thermos inside.
b) Can you suggest a few marketing strategies that could be effective for each of the two lunch
boxes.
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EXERCISE THREE You always need a product that has good enough quality that someone
will part with their hard earned cash to buy it, but people buy for different reasons. Some are
looking for the best price and some are looking for the best quality and price is not an option.
Pricing your product or service must take this into consideration. You also must know what price
your competition is selling the same or similar product. Pricing is part of your marketing strategy.
Of course, a low price means that you will have to sell many to break even. Can your target
market buy the amount that your break even point is demanding?
Chico is starting a hamburger joint. He believes that his main target market will be the teenagers
from the nearby high school. He hopes that they will pile in at lunchtime, after school and on
weekends. He calculated his break even point when selling his hamburgers at $6.00 each, at a
1000 hamburgers a month which works out that he must sell about 40 burgers a day. He also
knows that three blocks away the burgers are sold at $2.50 each. If Chico lowers his price $1.50
for each burger and makes them a little bit smaller he can get a break even point of 1600 per
month or about 66 burgers a day.
B) Can you help him with a marketing strategy? (The answer is YES -
Present your ideas here)
C) Use one piece of paper to design a poster on your computer to attract Chico’s
target market to his hamburger joint. Take time to create the project - - something
you would not be ashamed of posting yourself. We will print these out and put up in
the room - - make them nice!!!!! Create the poster on the next blank page. If you
prefer to have it landscape - create a new document and name it Chico's HB joint.
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DAY 5: 2-10-12
Psychographics marketing
Psychographics marketing may be a concept that you are not fully
aware of, but it is an essential part of marketing. Psychographics
marketing involves dividing potential customers into groups, according
to their psychological characteristics. This sounds incredibly
complicated, but it is actually a relatively simple concept once you
understand it.
Surveys that ask these types of questions are vital to market researchers, who often use them to gain
information on people who have bought their products in the past, or may be tempted to do so in the
future. Psychographics marketing can work alongside demographic marketing to allow advertisers to
promote their products effectively, in order to sell their products in the long term. As many advertisers
concentrate predominantly on demographics, using psychographics marketing as well can leave
advertisers one-step ahead of their competition. Match the terms in the table below that you think would
make sense:
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ACTIVITY 2:
Behavioural segmentation divides customers into groups based on the way they
respond to, use or know of a product. Behavioural segments can group consumers
in terms of:
Occasions
When a product is consumed or purchased. For example, cereals have traditionally
been marketed as a breakfast-related product. Kelloggs have always encouraged
consumers to eat breakfast cereals on the "occasion" of getting up. More recently,
they have tried to extend the consumption of cereals by promoting the product as
an ideal, anytime snack food.
Usage
Some markets can be segmented into light, medium and heavy user groups
Loyalty
Loyal consumers - those who buy one brand all or most of the time - are valuable
customers. Many companies try to segment their markets into those where loyal
customers can be found and retained compared with segments where customers
rarely display any product loyalty. The holiday market is an excellent example of
this. The "mass-market" overseas tour operators such as Thomson, Airtours, JMC
and First Choice have very low levels of customer loyalty - which means that
customers need to be recruited again every year. Compare this with specialist,
niche operators such as Laskarina which has customers who have traveled with the
brand in each of the last 15-20 years.
Benefits Sought
An important form of behavioural segmentation. Benefit segmentation requires
Marketers to understand and find the main benefits customers look for in a
product. An excellent example is the toothpaste market where research has found
four main "benefit segments" - economic; medicinal, cosmetic and taste.
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EXERCISE
Student will go on-line and research the products a cruise
line has to offer. He/she will plan a trip for a family
vacation, and then plan a trip for a romantic get-away -
- student is to observe the difference in how the
products are being marketed. Share information below
-costs, activities, entertainment, etc.:
FAMILY VACATION
ROMANTIC GET-AWAY
CLASS DISCUSSION:
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