IMC Proposal [ ] Bachelor of Business in Entrepreneurship DL231-2 DL245-2 Integrated Project - IMC Proposal IMC (50%), OB (20%) EC (40%) EF (10%), IA (%) IMC - Major Project (Pilot) – PROPOSAL PROPOSAL (10%) - 2,000 words approximately I. Table of Content II. Introduction of Executive Summary of Proposal III. Mission Statement IV. Environment Analysis V. Opportunities & Threats VI. Strengths & Weaknesses VII. Overall Marketing Objectives VIII. Customer Benefits IX. Target Market X. Marketing Strategies & Segmentation XI. IMC objectives for the organisation XII. Integrated Marketing Communication Strategy XIII. implementation issues you are likely to encounter XIV. Tentative Budget figures and breakdowns XV. Proposed methodology XVI. Likely outcomes XVII. Timescale of project XVIII. Research sources you will consult XIX. Suggested list of main appendices 1|Page IMC Proposal [ ] Introduction We have chosen to base our IMC project on the newly opened woman’s personal training gym ‘Women on the Run’. As this is a newly founded gym we found that this was the perfect business to base our project on because not many have heard of it. Executive Summary of Proposal Mission Statement “To lose the weight empty the plate” We propose to use this mission throughout our IMC project and will incorporate into the business as i have setup potential meetings with the owner of the business to discuss our ideas for her company. Opportunities & Threats With the opportunities and threats of the business we are going to discuss these with the owner seeing how we can use opportunities of the business to promote the company while also how we can eradicate the threats of other potential businesses so that the company does not lose out on their target audience. Strengths & Weaknesses In regards to the strengths & weaknesses of the company we intend to use our strengths and maximise by talking about a way we can compromise prices in order to bring in more people and getting rid of the weaknesses in the sense of reducing high prices so again we can bring in more people to the business. Overall Marketing Objectives The marketing objectives of the company would be generally to promote the business to further regions of Dublin rather than to be secluded to the Dun Laoghaire District and we will go about doing this by setting up 2|Page IMC Proposal [ ] promotion campaigns in order to make women more aware of the service this company provides in regards to health and fitness. Customer Benefits The customer benefits this organisation provides is that it is a local company with good prices in which in benefits women in regards to fitness and well being. Also with it being local the transport services are very generous because it is on the dart line and Dublin Bus accommodates plenty of buses to Dun Laoghaire for these women who do not drive. Target Market This will be very short and straight to the point our target market would be those of women between 25-50 years of age with the potential to decrease the target age to the late teen years around 18,19 and 20 years of age. Marketing Strategies & Segmentation Strategies we will use could be using the local area to promote to the target market by setting up free sessions and open days to provide awareness of the company and then also making it look that the company is better than any other company of its sort in the local district and also around Dublin. Integrated Marketing Communication Strategy A possible marketing communication strategy would be use say teamer.ie which sends text messages to a group of people letting them know certain events. This could be used to cut costs while also achieving one of our marketing strategies whereby we attend to all our target market needs by letting them know about our events and classes through a cheaper medium such as teamer which is free when you sign up. Proposed methodology 3|Page IMC Proposal [ ] The proposed methodology potentially being used is that we intend to setup various meetings with the owner of women on the run and set out potential ways in which we can improve her business at low cost while also increasing core numbers and lowering prices which is especially crucial in the current economic climate. Likely outcomes We cannot make assumptions of what will happen but the likely outcomes are that we will be able to help improve awareness of the business and then hopefully bring in more members that will increase the overall revenue and turnover of the business itself. Timescale of project The timescale of the project will run from the start of December to the Start of March which gives us ballpark 3months to run a successful campaign to improve the awareness and revenue of the business. Research sources you will consult We will go straight to the core of the business by contacting the owner and get valuable information first hand on how we can help her and how she can help us we will also use Twitter & Facebook two social networking sites to send out our message. We will also hopefully consult some members of the gym and get there thoughts on the business and how it can be improved. 4|Page IMC Proposal [ ] Mission Statement Our ideal mission statement would be this “To lose the weight empty the plate” This was made up by Darragh and I, it is a very simple statement made to help women strive to improve the weight in a healthy and comfortable environment Environment Analysis The macro analysis of the business will be based on the unemployment side of things in regards too if we can help improve the awareness of the business and increase turnover and revenue then that will cause a chain reaction because more disposable income will be available which then in turn could be used to employ a fulltime personal trainer who is there for everybody’s needs increasing employment. On The Micro side of things we will be focusing on Supply & Demand of course because the aim for the business is to maximise the use of scarce resources in order to increase profits, awareness and membership of the business. So to do this price levels will have to assessed so that the levels can be fair enough so that the demand 5|Page IMC Proposal [ ] levels will increase and therefore as this demand increases supply will automatically increase and this will lead to increased profits and increased membership of the business. Opportunities & Threats Local Business New business Not many of its type in the market Market exploitation through promotion & marketing Threats: New businesses entering the market Business so small so hard to promote Expensive to rent because of location Strengths and Weaknesses Small and Local Business Good equipment and good core of members Easily accessible by Dart And Dublin Bus Enthusiastic Owner with ambitions Weaknesses 6|Page IMC Proposal [ ] Hard to promote with business being so small There could be high joining fees due to attempt to build business Overall Marketing Objectives We have three overall marketing objectives 1. Improve Awareness of the company – by promotion and advertising setting up open days and free trials so as consumers can sample the business environment and its benefits. 2. Increase membership- Through promotion awareness of the company will increase therefore more people will join if they like the benefits of the gym. 3. Build a good relationship between business & community – Show how the company can benefit the community by giving people in the local district preference by giving them free trial runs to use the facilities in order to show them that it is an adequate business who promotes the area well. Competencies – Unique Customer Benefits 7|Page IMC Proposal [ ] This business can offer what no other big gym can offer women which is providing a service in which the women feel comfortable in a nice environment where they can do their workouts in peace and without being self-conscious of people looking at them doing their session so therefore will get better results as they will maximise effort and then increase results at a quicker rate because they are not worried about external sources. Another unique benefit that can be offered is that the woman who setup the business is hands on and is always in the gym showing her confidence in the business and that will help the other women to strive to do better whilst at other gyms the people who may own it or invest are never there so they do not know what the customers want and how they are getting on. Likely Target Market Seeing as the business is provided for women only it is hard to estimate a specific target market but we believe that our target market for the business would be from women between the ages of 25-50 years of age and then as the business increases and becomes more well known then that may drop to late teens in between the ages of 18-21 and then in the future they target market of the business would be between women of the ages of 18-60. This target market is only an estimation but through potential meetings we can work out what type of people the owner is targeting and what ages she would like to target because the younger the target market the more enthusiastic the whole environment of the gym will be. Marketing Strategies – 4p’s 8|Page IMC Proposal [ ] Product – The product of the business is the gym itself in Dun Laoghaire and the aim is to differentiate in the market from other business around so the plan is to use the product to maximise and increase membership through promotion. Price – The price is simply how much the women will pay for the product (gym) and the strategy is to make price levels fair and competitive in order to increase supply & demand. Promotion – Is how we make the customer aware of the service being provided at the cheapest rate possible, so the plan is setup promotion days to already connected in where maybe they can bring down a +1 with them to gym a friend of whatever and let them have a free trial of the gym. IMC Objectives 1. Promote the business around Dublin – Setup events in various parts of Dublin in order to make people more aware of the service being provided. 2. Increase Membership Levels – Through promotion we hope to help increase the membership levels of the gym which will increase turnover and help develop the business and take it to another level. 3. Help increase profits of business through promotion – Profits will inevitably increase if more people are joining the gym which will in turn help the business and develop and potentially be able to buy state of the art equipment for the gym. 9|Page IMC Proposal [ ] Timescale of the project The timescale of the project is estimated at 3 months it will run from around the start to middle of December all the way to the start of March 2012. With Christmas being taken into account we will most likely lose a week over that time but with immediate meetings being planned with the owner of the business the plan will be made out of what is being intended to do to improve the business so 3 months should be plenty of time to help reach our goals for women on the run. Integrated Marketing Strategy The main basis of our integrated marketing strategy will be mainly on social networking sites such as Facebook, Twitter and The website itself for the company. We will use the likes of Facebook and the women on the run page already setup to further update the already existing members of what is happening and what forthcoming events there are. The site will hopefully be updated on a daily basis to keep people interested and informed as well as Twitter doing the same thing. Our strategy for the main website itself is to try and help reconstruct it because there is 10 | P a g e IMC Proposal [ ] great difficulty trying to get onto the website and it is not up to date enough. So we will use Facebook and the main website of the company to send out our promotional campaigns and events, but before this is done an agreement would have to be made between the owner and us maybe to agree to keep the Facebook page updated every one to two days while also reconstructing the main website so that it is accessible to the public and that it is up to date and modernised. The strategy we will take forward and use will be to setup up meetings every 10 days to fortnight in order to discuss how things can be improved and standards maintained on a regular basis and when the first meeting is setup then we can chat about the possibility of upgrading the website whilst also brainstorming ideas of how we can improve the Facebook page. They are our main integrated marketing strategies for the company. Proposed Methodology The only secondary research sources we can use are the existing members of the gym who can give their opinions of what the gym is giving them and what can be improved in the gym in regards to equipment and health standards. Other secondary research sources we can use are newspapers and television programs that the company has been on or been written about. So we will look through the internet and 11 | P a g e IMC Proposal [ ] archive various articles and clips about the company in order to see where it benefits and where it could be improved. The plan then is to setup regular meetings With the owner and then to interview some of the members in the gym in order to gather their thoughts and opinions on the gym and where it can improved etc. Then we will gather the data given analyse it and then come up with solutions of how the company can go forward and how we can help it throughout our 3month campaign. Likely Outcomes The likely outcomes are that we will be able to provide new and enthusiastic ideas for the business which will help improve the awareness of the business throughout the local area increasing member levels and also trying to improve their overall revenue and turnover. We hope to help build a healthy relationship between the business and the local community showing it has great benefits for all women. References Women on the Run Women on the Run Facebook Page 12 | P a g e IMC Proposal [ ] Twitter Page for Women on the Run 13 | P a g e