Marketing Plan
How would we approach the target audience?
In addition : Social Media( Instagram , Facebook )
: Advertisement(word of mouth)
Customer Segmentation
Using a customer segmentation strategy for better customer retention.
MAIN CATEGORYSEGMENTATION BASE
Mottershead Company has split its customers into three segments, because it's too costly to create different packages for more groups than this.
Segment A is made up of young adults (18-40 years), who enjoy the shopping experience, young adults (18-40 years), who are functional/convenience shoppers.
Segment B consists of middle-class families, and teenage girls with their trendy new fashion lines.
Segment C comprises Children and teens, who are looking for stylish and Behavioral is Shopping style (Enjoys shopping).
DESCRIPTION OF THE SEGMENT: They are interested in the comfortable bag at a fair price. These groups of consumers are very interested in the fashion elements have design, color, features and so on of bag. They wear the bag as part of their fashion and dress sense.
Market research
For example
Information and data:markets researched with information about different customer needs and wants.And adapt to consumer behavior.
Target the Best Customers
For this example, who has identified three market segments.Access to the target market would help the company grow. Finally, Companies make use of these differences to create products and services that cater to a larger audience though they may be segmented into smaller groups.
Positioning Strategy
Low-Price Strategy
Company has a position as affordable options for consumers by selling low-priced goods.
This may require a corresponding decrease in quality, such as a spending less or offering fewer standard options.
Affinity
Have a customer base with a common, personal denominator, can position your company to play on their loyalty to their g