Running head: FINAL MARKETING PLAN AND PRESENTATION
Final Marketing Plan And Presentation
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FINAL MARKETING PLAN AND PRESENTATION
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Introduction
The aim of this marketing plan is to introduce the apple watch to the registered
customers, and convert the leads into sales. The group intends to use an integrated marketing
communication (IMC) reach to maximize the reach and realties the marketing potentials of
the various marketing communication channels and media. Because of the different
characteristics of the target market in the market niche, the groups will tailor its marketing
campaigns to fit the different customer segments. For example, the company intends to use
integrated marketing com unction (IMC).
Marketing Mix- 4P S
The product- Apple Watch
Apple’s iWatch which is their most personal product was launched in 2015 which
took things to another level. It reportedly sold out within minutes of its release, selling an
estimated 957,000 watches. (www.techradar.com). With the apple watch you are able to do
things that you regularly do with your iPhone more vastly and efficiently. Apples digital
crown is its most essential feature of the Apple Watch. Most watches crowns helps them to
set or change the time and date but with apples digital crown you can use it as a home button,
you’re are able to zoom in and out of photos, or even put in information. As we all know
Apple is known for its simplicity. Apples face is extremely similar to you home page of your
iPhone making it simple to figure out and know your way around your watch in no time. A
retina display is the primary surface for every interaction with Apple iWatch. Its high pixel
density makes numbers and text east to read at a glance even when you are moving.
(www.apple.com/watch) A great new dimension that the iWatch offers is the ability to
distinguish a press from a tap. There are features you can access by tapping the screen and
certain features you can access by pressing the screen. Now let’s talk about how much an
Apple iWatch is going to cost you. The iWatch varies from $350 which is the Sports Edition
FINAL MARKETING PLAN AND PRESENTATION
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to nearly $20,000 which is the gold Apple Watch Edition. . There are 38 different watch
designs. Because the Sports Edition is the cheapest of the 38 designs it most likely will have
to higher sales because it is affordable to mostly anyone. There are about 6 different colors
for the band with the basic sports edition. Its higher end product is valued at $17,000. It is the
18 karat rose gold case and rose gray modern buckle, you can also get the same rose gold
case with a bright red modern buckle. (www.techradar.com) Apple has a magnetic charger
that comes with each device but because of high demand an extra one requires preordering.
There are two sizes for the watch, the 1m and the 2m, one for $29 and the other for $39.
Apple watch only works with a newer model iPhone, the iPhone 5 or later and requires the
iOS 8.2 software. With the innovation of the iWatch, it is sure to be a thing to remember.
Promotion
The company will market its products across various channels. For example, the
company intends to use television, radio ad billboards advertisements. The company’s
marketing budget will be apportioned amongst the three advertising channels. The TV
advertises nets will be done during prime team such as at the top of the hours when news is
being aired or during prime time. Because of the specific characteristics of the target
segment, demographics and psychographics indicates that these people will also probably
own mobile phones, therefore internet marketing will be used. For example, both social
media marketing and email marketing will be used. Additionally, because of the market
seasonality, the products will mostly be sold during spring and summers. This will may be
targeting students and holiday’s people, the students will be targeted with the unique watch
capabilities such as surfing and sending emails attachment including assignments and office
applications.
Price
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Because the customers are price sensitive, the pricing decision will be customer
focused as the company intends to use the the penetrative pricing strategy. The company will
minimize its profit cap to penetrate the, market. The company aims to realize only $10 per
product sold, therefore, the company will sell below the required retail prices to attract as
many customers and also, bundle the products with free internet bundles and airtime in
collaborations with local carriers. The company does not intend to use flexible pricing system
so the prices set will be final unless the market research indicates otherwise. Additionally,
there will e no price discrimination on customer segments, but there will be price
discrimination on products types.
PlaceThe apple watch will be sold at the company’s headquarters and through other local
distributors.
The company will strive to ensure that the customer can find their orders at their own
designated places.
The company will ship the products to the customers on demand.
The company will use intelligent logistics to distribute its predicts to all the local
distributors to maximize products availability all the time.
The company will use both its transport system and engage other commercial
transporters
Integrated Marketing Communication (IMC).
The company will use both traditional and nontraditional marketing channels to
market its products To communicate its brand message.
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This planning process will help the company to reach the prospects consistently. The
IMC is preferred to help the organization maximize its reach.
The company will depart fro the traditional media to the digital interactive
media which will help it to interact with both potential and existing customers.
The company will combine both mass media and specialized media to in its
marketing effort.
The company will social media such as Facebook to introduce and engage the
customers
Advertising
According to Shimp (2010), marketing tools include advertising, personal relations,
personal selling, and event marketing
All these marketing tools will be used base don their relative effectiveness in
marketing the products.
Additionally, the budget will determine the budgetary allocation of each marketing
tools
The company intends to allocate more funds to the most effective marketing tools.
This will not only drive customer loyalty but also help in maintaining a competitive
edge over it s competitors.
TV adverts- Because of the wide coverage, the company will allocate 25% of its
budget to TV adverts
Radio advert- the company will alcoate10% of its marketing budget for ratios
advertisements since it is not as popular as TV.
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Personal selling- because o of the interactive nature of personal selling, the company
plans to allocate 20% of its budget to personal selling.
Public relations- the company will employ a public relations officer to the public
image of the company at 10%. They will analyze trends, and predict the consequences of the
company’s actions
Sales promotion- this will include the issuance of coupons, free samples and test
marketing. The budget will be 20%.
Social media marketing- the company will pay Facebook and twitter to deliver the
targeted messages to the customers. This will cost the company 20% of its marketing budget
Event Marketing
The company will hold events, rallies,. conferences, and other get together parties for
launching the watches
During the events, potential users will be allowed to test drive the products to see the
features
The users will also be allowed to ask question
The customers will be allowed to buy the watches at the venue to make special orders
at discounts
The company will also provide free services such as repair, software update and other
apple products related services at the venue
Outdoor Advertising
Outdoor advertising include billboards and other signage systems
the company will acquire site licenses to place its advertise on the billboards at a fee
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the billboards are considered effective because they are conscious and can be read
from a distance.
References
Wang, C. (2014). AppleiWatch Marketing Plan. Retrieved from
https://prezi.com/socvdh42tm32/apple-iwatch-marketing-plan/
Booton, J. (2014). Apple’s healthy iWatch to target couch potatoes, too. Retrieved
from http://www.marketwatch.com/story/apples-healthy-iwatch-to-target-couch-potatoes-too2014-09-08
Breakenridge, D. (2012), Social media and public relations: Eight new practices for
the pr professional, New jersey: FT Press
Phillips, David (2006), "Towards relationship management: Public relations at the
core of organizational development", Journal of Communication Management(Emerald
Group Publishing Limited)