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9 marketing functions

Kaylin Gray Daniel Collins block 2

PRESENTATION OUTLINE

BOLT OF ENERGY

KAYLIN GRAY, DANIEL COLLINS BLK 2

PURCHASING

  • Customers will want to purchase this drink because of the many different flavors that is comes in.
  • This drink provides electrolytes for energy in your system.
  • Cost: cheap.
  • Easy to locate in stores

SELLING

  • Available at Sport Stadiums, handed out by a vender
  • Also, inside vending machines
  • Available at fast food restaurants.
  • Available at most grocery shops, and corner stores.

PRICING

  • Cost of making cans, shipping cans/bottles to stores.
  • Price will depend on how many customers want this energy drink.
  • Price must be lower than competition prices.
  • How much profit we will be making from this drink after paying shipping costs, marketing costs, labor, and more.

PRODUCT PLANNING

  • What stores will care this product ( Place Utility)
  • How many products to one pack? Ex: 12 pack, 6 pack
  • What will the cost of a pack be and the cost of an individual can be?
  • When to release this product? ( time utility).

MARKETING INFORMATION MANAGEMENT

  • Take a survey on our website, ex: www.boltofenergy.com
  • A survey will help see our results and see what we need to fix or do better.
  • Look at competition pricing, promotions, advertising.
  • Every 15 cans that each person buys, they get 1 can free.

PROMOTION

  • Movie theatre commercials
  • T.v. Commerical
  • Magazine
  • Ad on social media or music radio
  • Signs on windows of stores.
  • Texts promoting new ideas or surveys, using information Utility.

FINANCING

  • Figure out costs of item.
  • Quantity of drink, how many per package
  • Money for production, customer satisfaction, employees, services

DISTRIBUTION

  • 12 pack
  • 6 pack
  • Individual - cheapest, but you get less
  • Selling in packs will make it easier on customer so they don't have to keep returning to the store, and it's more profit for us.

RISK MANAGEMENT

  • Producing too many drinks when we first release them, they many not sell fast and we won't make our profit.
  • Producing too little of the drink will cause customers to get angry when they cannot buy it. (Possession utility)
  • Using recyclable materials to make the cans or bottles. ( form utility)