MIO PLAN MARKETING ANALYSIS DONE BY: NACHAMAI ZI JIAN YI JIN HSIAO YU HASYIMAH SingNet BroadBand SingTel Fixed Line SingTel Mobile Target Market Strategy Families SingTel users using separate plans Non-SingTel Users PRODUCT Levels of Product Augmented Actual For the Basic User For the Savvy User For the Busy Executive Core Fixed Line Mobile Broadband Mio Plan Basic User Savvy User Busy Executive Mobile •100 mins (Outgoing) •Free Incoming Calls •500 SMS •Caller ID •300 mins (Outgoing) •Free Incoming Calls •500 SMS •Caller ID •AutoRoam •700 mins (Outgoing) •Free Incoming Calls •500 SMS •Caller ID •AutoRoam Broadband •3 Mbps Unlimited Access •10 Mbps Unlimited Access •25 Mbps Unlimited Access Telephone •Unlimited local calls on home phone •Caller Alert •Basic VAS Pack FREE for 1st 3 months ($4.28 per month applies thereafter) Monthly Subscription Fee $55.80 $86.21 $137.17 TT05- Principles of Marketing Proje Levels of Product Augmented Actual For the Basic User For the Savvy User For the Busy Executive Core Fixed Line Mobile Broadband Augmented Product Customize Your Plan! Exclusive Discounts on Mio TV! Attractive Discounts on Supplementary Lines! Annual Handset Upgrade Dedicated Mio Hotline Consolidated Billing Pricing Marketing Objectives Target Market and Positioning • Families • Wide range of choices Market Share Leadership • Asia’s leading telecommunications company • Owns shares in many regional operators Marketing Mix Strategy Non-price Costing • Different plans Different users • Based on their needs Targeting Costing • Starts with ideal price based on customer’s considerations. Marketing Conditions Oligopolistic Competition • Few competitors • Price adjustments Stay competitive • Difficult for new competitors to enter the market Product Mix Pricing Strategies Product Line Pricing • Different plans catering to different needs with different prices Product Bundle Pricing • Bundle up 3 services for 1 standard subscription price PLACE Multi Distribution Channels Indirect marketing channels 1.SingtelDealer (small Shops) Consumer 2.SingtelExclusive Retailer Consumer Direct marketing channels 3.SingtelConsumer hello! STORE • West- 2 shops • North-2 shops • East-3 shops • Central- 4 shops SingTel Exclusive retailers • Central -22 shops • West-16 shops • North -26 shops • East -31 shops Location • Locate stores in proportion to population in each area of Singapore • Strategic Location in every part of Singapore • Aims to grab non SingTel customers to be interested in signing contract with SingTel • To stay competent (Starhub) Exclusive distribution • Advantage : SingTel obtains more loyal and dependable and dealers obtain stronger support from SingTel • More exclusive retail stores than concept stores 1) Save rental cost 2) Bigger margin returns Analysis… • Within parameters near MRT station Convenience Factor • Snatch market share • Made Services available for potential customers Shoppers Direct Walk in customers Store layout Evaluation(Advantage) • Red & Black Shop Theme color To create image in customers mind • Plays lively music to create ambience Create lively ambience to enhance shopping experience. • Strategic standing position • Shop Location within parameters of MRT station • Interactive Kiosk Attract Attention Online store Interactive tour to understand what is Mio all about. Visual interface for buyers to explore the different Mio bundles Online calculator Aims to portray their bundle plans are worth the money Analysis • Products displayed in Catalog Customer understand about product at one glance • Online submission Convenience for plan subscription Trade Fairs participated • • • • • IT Show PC show Great Singapore Sale- Road Shows COMEX SITEX Analysis • SingTel make use of platform provided to showcase Mio plans and bundles • Recognize the regular crowds in every trade fair. • Recognize the motive of every customers for going to the Trade fairs. PROMOTION Advertising Informative • “There’s a new way to connect to everything you love at home and beyond.” • When 1st introduced • Provides information Persuasive • “It’s all about teamwork.” •Persuading customers to buy the package Sales Promotions Tools - Consumer Price packs Combine fixed line, mobile and broadband services - Enjoy greater savings Many alternatives based on customers’ needs - For The Basic User - For The Savvy User - For The Busy Executive Premiums FREE VoiceMail for first 3 months 5% off your mio TV programme charges Patronage rewards Red rewards - 1 year membership offers privileges such as: • half-yearly rebates on your SingTel bills • hello! Stores vouchers Tools - Business Conventions and Trade shows SingTel Megafair 2007 SingTel-IT Show 2009 Broadband Bundles SingTel Christmas Fair 2007 find new sales leads contact customers introduce new products meet new customers sell more to present customers educate customers Public Relations Collaborates with MDA & Ngee Ann Polytechnic • establish Singapore as a global media hub • develop local broadcast media solutions and talent • practical experience in live broadcasting environments at the BIC • New modules • Courses for professionals Formula 1 SingTel Singapore Grand Prix Reach customers and non-customers Good image Favourable publicity Benefit in long-run Direct Marketing Online marketing http://home.singtel.com/singtel/index.html Wealth of information Latest updates 24/7 Fast and easy to obtain information Kiosk marketing • present information about their product lines Eliminate the time wasted Fast and easy to obtain information Home visits Personal Selling • SingTel Christmas Fair 2007 @ Ngee Ann City Sales forces act on behalf of Manage personal customer relationships Find & develop new customers Communicate information Customer satisfaction and company profit Recommendations • Offering customers an Integrated Wireless Modem when they subscribe for Mio Plan. • Allow customers to accumulate unused talk time and SMS. • Push Cart Store Citations •http://farm4.static.flickr.com/3197/2701062841_f3b50 57dc3.jpg •http://www.np.edu.sg/soe/news/Pages/20090615_ECE _SingTelMOU.aspx •http://home.singtel.com/mio/mio_plan_features.html •http://home.singtel.com/mio/mio_plan_plans.html •http://home.singtel.com/mio/index.html •http://financialhorizons.org/asian_family_on_computer.jpg Citations •http://www.appxolute.com/ax/images/logo_starhub.pn g •http://home.singtel.com/mio/i/mp_about_imgb.jpg •http://www.portraitworkshop.com/gallery_caricatures_ portraits/other_talents_gallery/irzan_jamingan.php •http://www.hardwarezone.com/img/data/articles/2008 /2597/singtel_04.jpg •http://www.hardwarezone.com/articles/view.php?id=2 837&cid=18&pg=14 •http://www.hardwarezone.com/articles/view.php?id=2 936&cid=18&pg=16 Citations •http://www.hardwarezone.com/articles/view.php?id=2 592&cid=18&pg=12 •http://farm4.static.flickr.com/3144/2427161661_b1dbe a394f.jpg?v=0 •http://www.lyngsat-logo.com/hires/ss/singtel.png •http://www.trexi.com.sg/pics/3corporate/starhub_gree n.gif •http://home.singtel.com/mio/i/mp_about_imgb.jpg •http://www.hardwarezone.com/articles/view.php?id=2 936&cid=18&pg=16 Citations •http://www.ci.yuma.az.us/Images/General/ss10720051-piggyBank.jpg •http://home.singtel.com/mio/mio_home.html •http://en.wikipedia.org/wiki/Singtel •http://files.lesterchan.net/photos/singtel/hello_jp2/out side_view.jpg •http://www.moblog.com.sg/blog/paulcsc/img/5199873 6-931A-4291-8B3E-48471256CBD5/DSC06228.jpg