Free Essay

Marketing Plan Final

In:

Submitted By brrivera123
Words 2027
Pages 9
Presented by: Bobby R Rivera
Course MKT 100
Date

Presented by: Bobby R Rivera
Course MKT 100
Date

Marketing Plan
Europa 2

Marketing Plan
Europa 2

Marketing Plan
Company Overview Owner(s): | Bobby R Rivera | Company Name: | Europa 2 | Product Name: | Commercial space travel | Location: | Alexandria VA | History (yrs.): | 2months |
Section 1: Executive Summary
Europa 2 was founded by Bobby Rivera in 2014. His love for aeronautics, engineering and everything space, compelled him to create a Company with the capability to make commercial travel throughout space a reality. This marketing plan will provide prospective consumers and investors with the knowledge and trust, that Europa 2 will become the premier space transportation and exploration entity.
Product description
The overall mission for Europa is to fundamentally change the way space travel is viewed today. By 2020 Europa 2 will launch several manned missions to Europa, a moon orbiting Jupiter and begin commercial mining and exploration of the planets abundant water supplies.
Europa 2 mission to Europa is just the beginning, with our patented rocket and space ship technology that is twice as efficient and cost effective as the next 5 competitors. Europa 2 will become the premier space travel of choice and provide mankind an alternate means of survival.
Our expert aerospace consultants have been contracted to advise and develop the growing space programs throughout the world. In addition to our current space technology, Europa 2 also provides expert consultant and contracting to public and private entities.

Remember, Mankind’s story might have started on earth but will not end on there.

Section 2: targeting customers
Demographic profile
The targets demographic for Europa 2 are Millennia’s and younger generation Baby Boomers ranging from ages 28-65. College educated males and females with degrees in engineering, aeronautics, technology, and logistics. The workforce for Europa 2 will establish the framework to make space travel as common place as the airline industry is today.
Psychographic profile
Our biggest customers in the beginning will be well educated, wealthy individuals with a background in technology, sales, who have previously worked in the fields of space exploration and commercial application practices for the public, and private sectors.
Several NASA directors and engineers, who created the space programs for the private sector, are now retiring and bringing that expertise to the public sector. Providing a unique opportunity to capitalize on the knowledge and expertise of these individuals, Europa 2 has aggressively pursued and retained these Individuals.
PROFESSION
The profession of our business customers will be defense and private exploration companies such as NASA, Space-X, Virgin Atlantic and private enthusiast, the annual medium income for this targeted business customer will be between 75-275k. geographic LOCATION
Based in Alexandria, VA Europa 2 located in what one source has described as the silicon valley of modern space exploration (Clark, 2013). With this targeted location and modest climate, we will be able to capitalize on the vast amount of NASA sponsored defense contracts within the DC metro area.
Wants and needs
Our customers have profound interest in the success and practical applications of a successful space program. With the ability to travel through space and provide not only advanced flight options, provide a vehicle for humans to contribute to the long term sustainability of our species. Everyone has a certain level of interest to travel to and from space (NASA, 2014), mankind needs to be able to travel and sustain itself indefinitely. That is where Europa 2 will provide that long-term practicality. Leading the way for decades to come.

Section 3: Unique Selling Proposition unique selling proposition (usp)
Europa 2 has one of the most unique selling positions within the space industry for several reasons. Our patented engine and aircraft technology provides Europa 2 with the capabilities to make commercial space travel as common as the airline industry is today by establishing a space program that enables a;; of mankind to participate and travel. With a cost savings of 5 times less for standard cargo space flight then our next 5 competitors by utilizing our proprietary technology and industrial capabilities.
With the goal of affordability, Europa 2 will make space travel a common event for all. Our Investors have provided the first 500,000 flights free of charge, to be divided among every country of the world. This unique opportunity for the average person to experience an extraordinary event will provide the foundation for a vibrant and successful commercial space travel market. marketing objectives
The short term marketing goal of Europa 2 is to increase the number of domestic (US) and International space travel to include 10-20 thousand flights per year. Based on our capabilities, we expect to achieve this number within the next 5 to 10 years.
Currently the FAA (see figure 1) estimated US and domestic air travel transported 64 Million people. Europa 2 will strive to make space travel and exploration as common in both numbers and safety, with a target of 30 Million travelers a year by 2030.

Figure 1. Scheduled Systemwide (Domestic and International) Airline Travel on U.S. Airlines | | Monthly | Year-to-Date | | May 2013 | May 2014 | Change % | 2013 | 2014 | Change % | Passengers (in millions) | 64.8 | 65.8 | 1.5 | 298.7 | 303.4 | 1.6 | Flights (in thousands) | 793.5 | 757.1 | -4.6 | 3,745.9 | 3,595.0 | -4.0 | Revenue Passenger Miles (in billions) | 73.0 | 74.8 | 2.5 | 332.9 | 341.0 | 2.4 | Available Seat-Miles (in billions) | 86.7 | 88.1 | 1.6 | 407.3 | 413.1 | 1.4 | Load Factor* | 84.2 | 85.0 | 0.8 | 81.7 | 82.5 | 0.8 | Flight Stage Length** | 763.1 | 790.9 | 3.6 | 764.0 | 789.6 | 3.3 | Passenger Trip Length*** | 1,126.6 | 1,138.1 | 1.0 | 1,114.6 | 1,123.8 | 0.8 | Source: Bureau of Transportation Statistics, T-100 Market and Segment |

Section 4: Pricing and Distribution Strategy strengths, weaknesses, opportunties and threats (SWOT)
Europa 2 currently has several Strengths that set it apart from its competitors. Our unique manufacturing process provides Europa 2 with the ability to cut its operational cost in half from current market trends. This cost savings is being utilized to provide space travel to the everyday traveler currently dominated by the airline industry. Current estimates tell us we can provide space travel at one third the price of our nearest competitor Virgin Atlantic, which charges on average 250k per traveler.
Several weak areas such as Insurance coverage and responsibilities have been identified that can and will be improved. The Insurance aspect of space travel has been identified as a key element of improvement. Because of so many unknowns in regards to space travel, insurance costs far exceeds that of the well-established airline industry. Currently we have dedicated professionals working with lawmakers around the globe to establish a universal and fair Insurance policy that will benefit the consumers and carriers alike.
The market is young which provides Europa 2 the unique capability of establishing itself as a key player in a field that will substantially grow in the near and long term. One interesting trend we have noticed is the key shift in operational space travel from Government agencies to Private industries. supply-chain and operational system
Europa 2 has positioned itself to be able to provide immediate space travel to the masses through cost efficient production and labor capabilities within our supply-chain and operational system. Our operations are global, and in order to meet the demand all of our manufacturing requirements Europa 2 operations. Although our Headquarters is located in the D.C. area, our rocket engine production facilities are strategically located within geographical areas that capitalize on current market efficiencies for labor, research, and product distribution. pricing strategy
Europa 2 pricing strategy and objective will be a pillar in our success. Providing initial space travel at an estimated 80k per flight, one third cheaper than our next competitor such as NASA, Space-X etc… this cost saving will not only distinguish ourselves within a small market but, will provide Europa 2 with a competitive advantage.
Several external factors such as economic conditions, material price fluctuations and labor conditions can potentially affect the long term pricing strategies within the firm. Irregular insurance regulations and pricing will be a significant focus for Europa 2. An increase or decrease within the insurance industry for space travel will significantly impact the cost per flight goal of 80k.
Section 5: Distribution Plan and Promotions Strategy
You will consider mechanisms by which your customers will purchase your products and / or services (e.g., online, storefront, direct sells) and the primary manner in which you intend to reach new customers (e.g., TV, radio, social media, special events).
Consider the marketing materials that you intend to use. According to the textbook, marketing materials are collateral used to promote your business or products. Promotional strategy may include free trial offers, money-back guarantees, and buy two (2) for the price of one (1) type of deals. distribution strategy
Europa 2 distribution strategy will focus that provides a seamless and user friendly experience through online booking arrangements and product information. Our top web designers have developed an online tool that provides simple and easy to read pricing information. Reaching new customers will be a main priority for Europa 2. We have hired several Social Media experts to run our promotional fly for free campaign. This campaign will provide the first 500,000 flights for free.
To help accelerate this process we have started a competition through social media in which prospective applicants will compete for the coveted first available flights. Through special media, special events, TV and radio, our goal are to reach as many customers as possible through proven advertising mechanisms. Although Europa 2 will not have dedicated retail space or sales team force, once customers have won or purchased a flight they will have an all-encompassing travel experience through our dedicated space ports. These ports will provide the necessary training and preparation as our customers prepare to embark on the Europa 2 experience. 1. Provide a lottery in which the first 500k tickets will be awarded. 2. Establish a buy one get two free promotion strategy to maximize customer experience and volume. 3. Frequent flier programs that enable returning customers with accelerated processing and ticket availability and distribution marketing goals
The marketing goals for Europa 2 will strategically capitalize on the established and emerging markets of the space travel and exploration industries. Providing several promotional offers such as Lotteries, buy one get one free, and customer profile relationship building. During this year’s Super Bowl and World Cup, Europa 2 has hired some of the best marketing firms to present our company to the sports world. This venue was chosen with the idea that Europa 2 will appeal to the action sports market.

action steps (conclusion)
1. Target Market: Identify and contact ideal organizations that could host our marketing plan. Make a list and be persistent in contacting them all.
2. The Outreach: call these organizations by phone and provide our compelling marketing plan and strategy that provides a holistic approach to our target market
3. Written Materials: Send a "promotion kit" by mail or email to already established distribution list.
4. Follow-Up: Follow up with customers to ensure the product experience have exceeded their expectations. Identify solutions for when and if, unsatisfied customers emerge.

Reference list (APA format)
Silverstein, S. (2012). NASA Sees Private Sector as Key to Escaping LEO. VIA Satellite, 27(1), 6.
Morring Jr., F. (2011). 'Disruptive' Technology. Aviation Week & Space Technology, 173(18), 36.
Virgin Atlantic Airways Limited SWOT Analysis. (2014). Virgin Atlantic Airways SWOT Analysis, 1-8.
Port, O. (2005). PICKING UP THE PACE OF THE SPACE TOURISM RACE. Businessweek, (3919), 81.
Research and, M. (0009, April). Research and Markets: Plunkett's Airline, Hotel & Travel Industry Almanac 2013: Airline, Hotel & Travel Industry Market Research, Statistics, Trends & Leading Companies. Business Wire (English).
PR, N. (2013, September 20). International Partnership Releases Space Exploration Benefits Paper. PR Newswire US.
AUSTEN, B. (2011). AFTER EARTH. Popular Science, 278(3), 46.

Similar Documents

Premium Essay

In-N-Out Burger Final Marketing Plan Mkt 421

...Week Five: In-N-Out Burger Final Marketing Plan MKT/421 March 20, 2013 Professor Learning Team Final Marketing Plan: Paper Resources: Marketing Plan: Phase I Paper, Marketing Plan: Phase II, Paper, Marketing Plan: Phase III Paper Refer to the Marketing Plan Outline listed on the student website for a broad general outline of a Marketing Plan. However, you must use the specific marketing plan Pegasus template as provided by your instructor for the Final Marketing Plan Paper. [See Kotler 14th ed., Chapter 2, pages 60 – 64] Write a 6,300 to 7,000 word paper integrating your previous Learning Team assignments into a final Marketing Plan Paper using the Pegasus Template provided by your instructor. In addition to the Marketing Plan Phases I through III mentioned above, address and include the following information in your paper: For the bullet points below, each team member, as assigned by the team leader, should write specifically about your product or service with the final marketing plan in mind - approximately 250 to 350 words per bullet/team member to be embodied in the final marketing plan paper using the Pegasus template. The team leader has ultimate authority for managing this effort. • Identify the appropriate place and promotional strategy that should be used in developing the strategic marketing plan. • Develop an initial sales promotion schedule. • Create an advertising plan. • Identify public relations opportunities for the product...

Words: 4415 - Pages: 18

Premium Essay

Marketing Plan Final Team Bmw the Chicago Hungry Fest

...Marketing Plan the Chicago Hungry Fest Mohammed Ahmed Corinne Berger Michael A. Williams Team BMW Keller Graduate School of Management- Chicago IL Location Marketing Management MKTG-522-16467 Professor Robert Pandel February 21, 2014 Marketing Plan The Chicago Hungry Fest Section 1.0-Executive Summary We established our group in the winter of 2014 on Wednesday, January 15 at Keller Graduate School of Management, Chicago Illinois. Whereas, the body of Berger, Mohammad & Williams, Inc. the "BMW Food Events, inc., Group"; with expert knowledge or training, especially in the fine arts of the culinary world and informed and discriminating event planner; hereby, created the annual The Chicago Hungry Fest: a tasting and contest event of each of Chicago’s top fast foods; herewith, we are established. (BMW,2014) Section 2.0- Situation Analysis What critical issues do you face? We can face natural conditions beyond our control such as server weather conditions, fires, and venue building damages. There can also be day to day issues such as not enough patrons to come out to the event which will result in poor participation within the vent itself. We can also have food vendor issues involving food contamination or not enough products to sell to our consumers. The vendors might have personal restaurant issues with “no shows”. Patron issues could be, but hopefully not, related to food poisoning or sicknesses. [ (Rozelle, 2009) ] What forces in the microenvironment...

Words: 6950 - Pages: 28

Premium Essay

Final Marketing Plan

...Final Marketing Plan Marketing 421 June 24, 2012 Robert McGeary Final Marketing Plan Team D has completed its marketing plan for the Extreme Juicer 9000. This paper has combined phase I, II, and II to complete a detail description of how the new product will be marketed. The final plan includes the place and promotion strategy, advertising plan, public relations opportunities, as well as the identification of distribution channels. This final marketing plan will also identify how Team D will evaluate, control, and monitor the effectiveness of the marketing plan. Company Overview Hamilton Beach Manufacturing Company was created in 1910 by Chester Beach, L.H. Hamilton and Fredrick Osius. The partners met while working at the U.S. Standard Electrical works in Racine Wisconsin. Today, Hamilton Beach is the leading distributor of small kitchen appliances which sells over 35 million appliances each year. Hamilton Beach also produces products under the labels of Electronics, Proctor Silex, and True Air. (Hamilton Beach, 2012) Earnings for Hamilton Beach increased in the last quarter due to the increase in price for some products. In March of 2012 Hamilton Beach reported a net income of 1.0 million and revenue of 104.9 million. In 2011 the net income was 1.0 million with revenues of 100.6 million for the quarter. (Bloomberg Businessweek, 2012) The new product is likely to produce the same outcome for the company. Hamilton Beach has been in existence for a number of years...

Words: 4916 - Pages: 20

Free Essay

Final Marketing Plan

...MAN105- Principles of Marketing Final Marketing Plan December 12, 2010 Company: Sanrio Co. Ltd. I. Executive summary Hello Kitty was the name of a cartoon cat developed in 1974 by Sanrio Co. Ltd. (Sanrio), a Japanese company that sold character-branded goods in Japan and other parts of the world. Sanrio initially used the character to adorn petty merchandise like coin purses and pencil boxes targeted at small girls. However, after Hello Kitty became hugely popular, Sanrio extended the brand to a variety of other products. Sanrio Company, Ltd., based in Tokyo and with distribution throughout Japan and Southeast Asia, the Americas and Europe. In the Americas today, over 4,000 stores to sell Sanrio character merchandise. This includes Sanrio boutique stores Sanrio merchandise has many different kinds of categories including stationery, school supplies, bags, accessories, room décor, candy, and plush characters. The global toys and games market grew by 2.7% in 2008 to reach a value of $60.8 billion. In 2013, the global toys and games market is forecast to have a value of $69.1 billion, an increase of 13.7% since 2008. Sanrio’s marketing strategy is to raise the sale revenues in the increasing market condition as well as to maintain our loyal customers and attract more male customers; Sanrio will create different kinds of images of products to fit into different range of age, and repackage the old neutral characters such as Badtz-Maru (a male penguin), Keroppi(a frog), Shinkansen...

Words: 3792 - Pages: 16

Premium Essay

Final Marketing Plan

...Final Marketing Plan MKT/421   Marketing Plan The following paper discusses marketing plan for the Grayl, a water filtration equipment manufacturer that offers a personal water filtration device effective at eliminating particulates, chemicals, and water-borne pathogens by 99.9%, while decreasing the individual carbon footprint of plastic water bottles. The marketing plan will include the following; an overview of the organization and the Grayl water filtration bottle; a SWOT and competitive analysis; phases of the product life cycle; packaging, pricing, and channels of distribution; a segmentation and target market assessment; a description of the target market and their emotional and logical drivers; and a positioning statement. The assessment provides solid feedback on the features and benefits of the product as they relate to the individual needs of their target markets and the different behaviors they exhibit. Company Overview In 2012, a Seattle-based company was started by founder Nancie Weston based on a new idea that, with a little help from her friends, began to take shape into a viable company. Nancie had a dream of inventing new and innovating products that make a difference in people’s lives for those trying to achieve a healthier lifestyle while minimizing their carbon footprint. From this dream, Nancie focused her knowledge on creating cutting-edge technology for personal water filtration devices. To set her device apart from other water filtration products...

Words: 6536 - Pages: 27

Premium Essay

Final Marketing Plan

...MP-APPENDIX B STUDENT MARKETING PLAN FOR “myEcare.com” My Tran Nguyen Marketing Unit 7 6/17/12 A Marketing Plan Presented by: My Tran Nguyen Table of Contents Page 1. Background 1 2. Strategic Focus and Plan 1 Mission Statement 1 Goals 1 Competitive Advantage 2 3. Situation Analysis 2 SWOT Analysis 2 Competitor Analysis 3 Company Analysis 3 Customer Analysis 4 Customer Analysis 4 4. Market-Product Focus 4 Marketing and Product Objectives 4 Market-Product Grid 5 Target Markets 6 Points of Difference 6 Positioning 6 5. Marketing Program 7 Product Strategy 7 Price Strategy 7 Promotion Strategy 8 Place Strategy 8 6. Financial Projections 9 Break-even Analysis 9 7. Organization 9 8. Implementation Plan 9 9. Evaluation and Control 10 Possible Deviations 10 Possible Solutions 10 10. Bibliography 1. Background myEcare.com is the premier website to find child care services for parents and caretakers. After realizing that there are no dependable places on the web to search for a child care provider, myEcare.com was set up. In this business plan, the childcare service of MyEcare.com is introduced as an online marketplace and the strategies are outlined to bring in customers from all over America. The competitive settings, opportunities, strengths...

Words: 3081 - Pages: 13

Premium Essay

Marketing Plan Final Project

...Final Project: Marketing Plan June, 2010 Marketing Plan I have produced a marketing plan that I believe is the most effective way to introduce my product to the market. I have included a brief introduction to my product, an analysis of the market I plan on targeting, and an analysis of the market size and demographics of the targeted market. In the marketing plan I will include four of the most important elements of the marketing mix; also known as the Four P’s of marketing. The product being offered to consumers will be the first P. The value; or price, that is assigned to the product will be the second P. The third P will stand for promotional activities to be used to inform prospective customers about the product. The place the product will be provided to the consumers will be addressed by the fourth P. Finally this marketing plan will discuss sales promotion techniques that I plan on using to build an interest in my product in the introduction phase. Product I would like to introduce a vitamin supplement product to the marketplace that is more like candy than a multivitamin. Many people take or have taken a multivitamin sometime in their lives. The Flintstone’s vitamin was a well known and liked chewable vitamin for children that helped them receive essential daily vitamins and minerals with less hassle and no swallowing. However, as people mature their daily vitamin and mineral needs change and options for tasty and chewable multivitamins are limited. Most...

Words: 1672 - Pages: 7

Premium Essay

Ge Final Marketing Plan

...General Electric Final Marketing Plan Tawanda Zackery-Graham, Cassandra Jenkins, Paige McLester, Felishia Phillips, Chalese Sydnor MKT421 April 12, 2012 C. Jeanine Fulton General Electric Final Marketing Plan In today’s business community, the complexity of inventing new products and services is vital to expanding a company’s brand. Organizations are challenged with anticipating consumer’s needs and wants during the concept phase of creating the next company innovation. Products and services are the foundation of an organization existence. Incorporating new merchandise in a competitive marketplace and making it an exceptional product is always a challenge for any business. General Electric throughout history has embraced the challenge of creativity, innovation and meeting the needs of the consumer. This final marketing plan will describe General Electric’s new GE Space Saver Model 2012 marketing plan to create and bring to market a modern refrigerator that will save consumers time, money, space, and energy. This final marketing plan will provide an overview of the appropriate place and promotion strategy used to develop General Electric’s GE Space Saver. This market plan will summarize the promotion schedule and advertising plan, identify public relations opportunity for the GE Space Saver, analyze the effects of channel management decisions on marketing, select the appropriate distribution channel, address cost for placement, shipping, and middlemen...

Words: 5755 - Pages: 24

Premium Essay

Marketing Plan Final Draft

...Mobile | Marketing Plan Final Draft | Best Buy | | Yolanda Scott | 2/24/2013 | | Table of Contents 1.0 Executive Summary……………………………………………………………………..Page 4 2.0 Situation Analysis (Overview) ……………………..………………………………....Page 4-5 2.1 Market Summary……….………….……………………………………………........Page 5-6 2.2 SWOT Analysis..……………………………………………………………………...Page 6-7 2.3 Competition……………………………………………………………………….......Page 7-9 2.4 Product (Service) Offering…..……………………………………………………….Page 9-10 2.5 Keys to Success…………….………………………………………………………Page 10-11 2.6 Critical Issues…..………...…………………………………………………………….Page 11 3.0 Marketing Strategy..…...…………………………………………………………..Page 11-12 3.1 Mission…………………….…………………………………………………………..Page 12 3.2 Marketing Objectives……….………………………………………………………Page 12-14 Table of Contents Cont….. 3.3 Financial Objectives…….…………………………………………………………Page 14-15 3.4 Target Markets………………………………………………………..……………….Page 15 3.0 Marketing Strategy (Overview)…………………………………………………..Page 15-16 3.5 Positioning…….........................................................................................................Page 16-17 3.6 Pricing Strategies…………………………………………………………………...Page 17-19 3.7 Marketing Attack Strategy……………………………………….…………………Page 19-20 3.8 Marketing Research……...……………………………………………………........Page 21-22 4.0 Controls………………………………………………………………………….……..Page 22 4.1 Progress Milestones……………………………………………...……………….Page 22-23 4.2 Marketing Organization…………………………………………………………...

Words: 4975 - Pages: 20

Premium Essay

Marketing Plan Final Phase

...Marketing Plan: Final Phase When a company decides to introduce a new service or product they cannot just simply make it. There is much planning that goes on with creating and introducing the new product or service. There is planning, budgeting, a marketing mix, marketing research, and so much more. The following will provide all the phases Allen’s Foods had to develop in order to create and introduce their new home delivery service. Organization Overview Allen’s Foods is a local small town grocery store located in the retirement town of Bella Vista, AR, and was established in June of 1999. Although, it has not been around nearly as long as some of the big chain grocery stores they have still won the hearts of many local customers. Allen’s Foods is a full service grocery store that includes an on site butcher to freshly cut any meat a customer wants, fresh produce from regional and local growers, gourmet foods, specialty foods, and natural and organic foods (Facebook, 2013). The staff is very friendly, and Allen’s Foods has something big chains do not have; they carry your groceries to your car and load them up for the customers. The one thing they do not provide in their full service grocery store is grocery delivery. Many of the retired and elderly community are extremely busy or too old to have to go grocery shopping every time they need food, so on occasion, they would like to have (or need it) their groceries delivered directly to their homes. The community agrees it...

Words: 6733 - Pages: 27

Premium Essay

Marketing Plan Final Paper

...Mediaplanet Marketing Plan MKT 535 Mark Dinglasan 11/20/11 Overview: This marketing plan presents an overview of the Mediaplanet business model and recommended strategies that will strengthen the company's position and profitability in the North American market. Mediaplanet has been in the North American markets since 2008 and has expanded to six major offices in the United States and Canada. Although the company is international and continues to expand at an accelerated rate, it continues to operate under a start-up mentality and relies on rapid expansion and a large volume of reports published per quarter to generate profit. The company does not have an HR, PR or Marketing Department. The overall company structure is very basic with the key individuals in the North American Operations being the CEO and CFO that work out of the New York office. From there, each office within the North American Operations possesses one managing director, at least two business development managers, and at least 5 publishers that are all under the CEO and CFO. No financial information regarding profitability and financial status were provided to this publisher for the purposes of this project. The marketing plan will demonstrate how unique the Mediaplanet operations are as the owners of the company have created an international publishing company that operates under a very basic structure and operations. This plan will also serve to identify the weaknesses that are starting show little...

Words: 7864 - Pages: 32

Premium Essay

Mktg522 Marketing Plan (Final)

...Payments Using a Mobile Device Alexandria Smith Keller Graduate School of Management Table of Contents Executive Summary 3 Situation Analysis 3 Market Summary 3 SWOT Analysis 4 Competition 4 Product (Service) Offering 5 Keys to Success 5 Critical Issues 6 Marketing Strategy 6 Mission 7 Marketing Objectives 7 Financial Objectives 7 Target Markets 8 Positioning 8 Strategies 9 Marketing Mix 10 Marketing Research 12 Controls 12 Implementation 13 Marketing Organization 14 Contingency Planning 15 Conclusion 15 References 17 Executive Summary Our company is going to focus on small business owners who are just starting their own business and need help with reliable payments. Our mobile payment will be quick and convenient for the business owner. Not only will the owner have a peace of mind about getting their payment, the customer will be able to rest at night knowing that their payment was places on a secure network. At our company, we are going to strive provide the best product for your company that is convenient and easy to use. Situation Analysis Mobile payment is the payment activity through mobile terminals between buyers and sellers in the mobile business (Gaikwad, 2011). This service remains somewhat standoffish due to some developing barriers. Most mobile payment companies promise easy payment and getting the most bang for...

Words: 4048 - Pages: 17

Premium Essay

Mkt 421 Final Marketing Plan

...Final Marketing Plan MKT 421 Final Marketing Plan There are many factors to consider when a company creates and launches a new product. Not only must the product itself exude quality and greatness, but it must also be backed by an outstanding marketing plan as well. Obtaining an exceptional understanding of the ways to effectively strategize, price, distribute, and promote a new product is necessary for the success of the new item. By implementing all of these factors within a marketing plan, any company or business may strive to be boundlessly prosperous in its given field. Business Overview Louis Vuitton, the brand, and the person, share humble beginnings. At the tender age of sixteen, Louis Vuitton began working as an apprentice in Paris, France in 1837. In a period when transportation occurred primarily by trains, boats, and carriages, luggage underwent a significant amount of wear. It was important for individuals to protect their belongings while traveling great distances and throughout long journeys. It was during his apprenticeship that Vuitton began building customized boxes and trunks tailored to meet the needs of clients. Seventeen years later, Vuitton embarked on the beginning of his own business. In 1859, the Louis Vuitton workshop began with merely twenty total employees, expanding later to one hundred workers in 1900, and again in 1914 to include 225 persons (Louis Vuitton, 2015). During the early 20th century...

Words: 6736 - Pages: 27

Premium Essay

Mba 5501 Final Marketing Plan

...Arimount Marketing Plan 1.0 Executive Summary Arimount is one of the world's leading fast moving consumer goods companies. It offers products across foods, home and personal care categories. Arimount first and foremost operates in America. It is headquartered in Dallas, Texas and employs about 171,000 people. I addition to the above products Arimount has also developed a new product called Texas Deluxe deodorant that is in a aerosol can. The product was developed by our leading scientists that allows customers to use the deodorant once every 5 days is they deem necessary. This product is eco friendly and three times the strength of other clinical deodorants. Although there are several competitors that produce deodorants but known that lasts more than 24 hours. The new product for Arimount has been clinically tested. Arimount Sales and Marketing department has purchased an contact list which includes detailed contact information for individuals across Texas in which we will have the initial release of the product. The list not only includes Texas but also the complete area of the Unites States. The “Go To Market” promotion enclosed within will characterize the demarcation in strategy between the geographical regions. The cost of the purchased list was $2,259.00 with a total of 13,292 individual contact names, which calculates to .17 cents per contact. The number of actual companies has yet to be calculated as the file will require clean up, however, appears to have...

Words: 8012 - Pages: 33

Free Essay

Marketing

...[pic] Introduction to Marketing 33:630:301:05 Classroom: Tillett Hall – Room 116 Session: January 23, 2012 – May 7, 2012 Time: Monday Evenings 6:40 – 9:30 Course Web Page: http://blackboard.rutgers.edu Professor: Edward Filippazzo E-Mail: eaf@andromeda.rutgers.edu Phone: 973-464-1385 Office Hours: By Appointment Textbook: Kerin, Hartley, and Rudelius, Marketing (10th ed.), McGraw-Hill, 2009. Study Aid on the Web: http://highered.mcgraw-hill.com/sites/0073404721/student_view0/ Course Description The objective of this course is to provide students with an introduction to marketing and the basic areas that comprise this discipline. Course content includes review of marketing theories, concepts, key terms and tools used in the consumer, reseller, services and industrial markets. Also addressed is the integration of marketing in the broader business context and the role it plays in today’s society. Course Format This course will use the textbook above to guide lectures, class discussion, assignments and exams. Multiple chapters from the text will be discussed during each class lecture. The lectures will discuss the theories and concepts, tools and techniques used in marketing, as well as provide examples of how these have been applied. Lectures will include content and discussion beyond what is provided in the textbook. Attendance and Participation ...

Words: 863 - Pages: 4