lOMoARcPSD|34418705 Assignment example 4 Marketing mix Strategic Marketing (North South University) Studocu is not sponsored or endorsed by any college or university Downloaded by Movie Theatre (newlybornbaby357@gmail.com) lOMoARcPSD|34418705 5 Marketing Mix The marketing mix is the tool of developing a successful strategy and it represents the 4ps of marketing which are product, price, promotion, and place (Kotler et al.,1999). 9.1 Product For developing a marketing mix, product strategy is very important for a company as it’s the core property that satisfies the needs of the customer (Smalley, 2017). Pathao is an online-based platform that provides a wide range of products in one app for its customers. Some of its products are unique in the market and Pathao is the only platform where customers will get all services that are essential in day to day life (Pathao, 2019). Pathao app is designed very attractively by marinating the color combination with the brand, which is red and white. Besides, the app is planned in a way that anyone can download it easily and find it user friendly. Pathao is providing services with its tagline “#1 Platform for All Services” and this mantra will be followed in India as well while launching Pathao in India. While doing business in India Pathao will provide the following services with its app: Pathao Bike: To save time and get rid of traffic Pathao Bike service is very essential for the people living in busy cities. This study source was downloaded by 100000824158455 from CourseHero.com on 04-18-2022 10:44:46 GMT -05:00 https://www.coursehero.com/file/103175981/Assignment-example-4-Marketing-mixdocx/ Downloaded by Movie Theatre (newlybornbaby357@gmail.com) lOMoARcPSD|34418705 Pathao Car: To ride more comfortably Pathao car provides the cheapest ride in a pre-agreed flat fare. Pathao Food: With the partnership with many famous restaurants Pathao delivers favorite food from the restaurant to the doorstep of the customers. This study source was downloaded by 100000824158455 from CourseHero.com on 04-18-2022 10:44:46 GMT -05:00 Downloaded by Movie Theatre (newlybornbaby357@gmail.com) lOMoARcPSD|34418705 Pathao Parcel: With Pathao Parcel customers can send documents and parcels as it is one of the trusted delivery services. Pathao Courier: Pathao courier delivers e-commerce packages the fastest and reliable way. • Pathao Shop: Pthao shop provide wide ranges of products where customer can shop their relevant items and get them with the fastest delivery of Pathao. This study source was downloaded by 100000824158455 from CourseHero.com on 04-18-2022 10:44:46 GMT -05:00 Downloaded by Movie Theatre (newlybornbaby357@gmail.com) lOMoARcPSD|34418705 9.2 Price For doing business in a foreign market setting up price is a very important factor to be successful in the market. To operate the business in India Pathao will use mainly penetration pricing which will help Pathao to gain the market share by charging lower prices compare to the competitors in a new market. Also, the market segmentation and target market of Pathao supports the pricing strategy of Pathao, and charging low fare will increase brand awareness in the minds of the customers. So, with the estimated fare before the booking (upfront pricing) of the services customer will know about the low pricing factor. Furthermore, Pathao will not charge different fares in peak or off-peak time like its competitors. If there are high demand and limited service available at that time also the fare will be fixed, and it will be cheaper than the competitors. On the other hand, Pathao will provide a discounted price in the first three months of the businesses for example a discount of 100 rupees on the first 3 rides or 3 orders. Also, on the specific occasion of like religious festive in India Pathao will offer discounts on its ride. 9.3 Promotion Fill (2014), has postulated that marketing communication should be a dialogue between the organisation and its target customers to enable the organisation to be positioned in the minds of these target customers. For Pathao various communication channels can be used to reach the target audience. The main communication method in India will be through social media mostly YouTube and Facebook as according to Keelery (2019), Facebook with 76% and YouTube with 82% accounted for the largest penetration of the 3rd quarter of the year 2019. Besides traditional media like a TV commercial, newspaper, and magazine advertising will be used to promote Pathao app and its benefits. However, noise in the communication process will be present and for the solution, the length of the information needs to be shorter and there should be high control over the communication message. For Pathao promotion below medium of communication can be used: This study source was downloaded by 100000824158455 from CourseHero.com on 04-18-2022 10:44:46 GMT -05:00 Downloaded by Movie Theatre (newlybornbaby357@gmail.com) lOMoARcPSD|34418705 Brand Ambassador: In Bangladesh Patho is using Mashrafe Mortaza captain of ‘Bangladesh National Cricket Team’ as a Brand Ambassador of Pathao (Pathao, 2020). In India, people also love cricket games a lot and it becomes a part of their culture now and people of India follow the cricketer as their idol also. Choosing a brand ambassador for Pahtao will be a very important factor. In this case, Pathao can choose ‘Virat Kohili’ the captain on the ‘Indian National Cricket Team’ as a brand ambassador of Pathao. This strategy will help to grow the market of Pathao in all the targeted places of India and it will also help Pathao to expand soon as people will know the brand name due to the brand ambassador. Digital Media: To digitally promote Pathao apps and its offer YouTube and Facebook communication will be used to reach the customer so that customers can avail of the offer (discount/coupon code) and get to know about the information regarding the app in online. Therefore, an effective static post will be essential to communicate properly with the customer. Figure 13: Static post for digital communication created by the author of the report Furthermore, over digital media, video marketing will be used to promote the brand by maintaining the culture of the country. Newspaper and Magazine: By using the top newspaper and magazine communication of Pathao can be done which will help to reach a mass audience and it will increase the brand awareness and knowledge among the people of India. This study source was downloaded by 100000824158455 from CourseHero.com on 04-18-2022 10:44:46 GMT -05:00 Downloaded by Movie Theatre (newlybornbaby357@gmail.com) lOMoARcPSD|34418705 Therefore, advertisements will be given in some top and specific newspapers and magazines according to the targeted demographic area for example Dainik Jagran, Dainik Bhaskar, Hindustan Dainik, Dainik Anandabazar, Dina Thanthi The Times of India, Ananda Bazar Patrika, etc. Figure 14: Advertise on newspaper and magazine created by the author of the report TV Advertisement: TV is an important mode of communication to reach a huge of customers. So for promoting Pahtao only to increase brand awareness and attractive TV commercial need to be made and the length of the commercial must be within 30 seconds because the higher length of the commercial will distract the attention of the viewer and control of the message can be lost as opined by Romaniuk (2009). Direct Marketing: Direct marketing is the most essential element for a ride-sharing business and for Pathao it is a must. Any kind of offer and update needs to be sent to the customer via SMS. Besides, email marketing can help to reach specific customers easily. This study source was downloaded by 100000824158455 from CourseHero.com on 04-18-2022 10:44:46 GMT -05:00 Downloaded by Movie Theatre (newlybornbaby357@gmail.com) lOMoARcPSD|34418705 Figure 15: Direct marketing (SMS) by Pathao created by the author of the report Personal Selling: By opening up “Pathao booth” on the roadside or in front of a crowded place or near petrol station the employee of Pathao will help to inform the customer about the app and help both customers and drivers to install and set up the app in their phone. Billboard/Poster: By adapting the local culture of India billboards or posters will be made to attract the customers. As Indian people are fond of Bollywood movies a lot so the Billboard or poster will be designed in the shape of Bollywood movie film’s style. 9.4 Distribution strategy For doing business in India ‘Pathao’ needs to use direct distribution strategy. A direct- distribution channel is maintained and organised by the company or the manufacturer itself and in this way, customers get the products or services directly without any intermediaries from the company (Ross, 2019). Pathao will use app for the providing services to the customer so direct distribution strategy suits best with This study source was downloaded by 100000824158455 from CourseHero.com on 04-18-2022 10:44:46 GMT -05:00 Downloaded by Movie Theatre (newlybornbaby357@gmail.com) lOMoARcPSD|34418705 them. As a result, the company will have control over the registered driver and will ensure customer safety and satisfaction. With the owned car and bike of Pathao, there will be independent vehicles and drivers who need to be registered with Pathao for giving the services to the customer and customers just need to download the app to avail of the services. Figure 16: Direct Distribution of Pathao (Created by Author of the report) This study source was downloaded by 100000824158455 from CourseHero.com on 04-18-2022 10:44:46 GMT -05:00 Downloaded by Movie Theatre (newlybornbaby357@gmail.com)