Marketing Plan & Sales Strategy (MS Word or equivalent)
Write the three to five (3-5) page Marketing Plan & Sales Strategy section of your business plan, in which you:
1.Define your company’s target market.
a.Analyze the types of consumers who will be drinking your beverage in demographic terms (i.e., age, education level, income, gender, ethnic group, etc.). Support your analysis with actual data on the size of the demographic groups in your local community (nearby zip codes).
b.Outline the demographic information for your company specified on the worksheet in the course text (p. 107 | Demographic Description).
Click here for help accessing a specific page number in your eBook.
Check Chapter 2 of Successful Business Plan for more research sources.
2.Assess your company’s market competition.
a.Use the factors listed in the course text graphic (p. 123 | Assess the Competition) to assess your company’s market competition.
b.Defend your strategy to successfully compete against market leaders in your segment.
◾Hints: For example, in the soft drink market, it is intimidating to try to compete against Coke and Pepsi. Newcomers in mature markets typically must pursue niche markets or even create new market categories, as Red Bull did with energy drinks.
c.Defend your plan to differentiate yourself from the competition using the information detailed on the worksheet in the text (p. 131 | Market Share Distribution).
Hints: Every business faces competition and the non-alcoholic beverage market is an especially crowded market.
3.Clarify your company’s message using the information provided on the worksheet in the text (p. 160 | The Five F’s).
◾Hints: Before you choose your marketing vehicles, you must determine the message you want to convey through those vehicles.
4.Identify the marketing vehicles you plan to use to build your company’s brand. Justify the key reasons why they will be effective.
Provide examples of other non-alcoholic beverage companies that use these tactics effectively.
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Write the three to five (3-5) page Marketing Plan & Sales Strategy section of your business plan, in which you:
1.Define your company’s target market.
a.Analyze the types of consumers who will be drinking your beverage in demographic terms (i.e., age, education level, income, gender, ethnic group, etc.). Support your analysis with actual data on the size of the demographic groups in your local community (nearby zip codes).
b.Outline the demographic information for your company specified on the worksheet in the course text (p. 107 | Demographic Description).
Click here for help accessing a specific page number in your eBook.
Check Chapter 2 of Successful Business Plan for more research sources.
2.Assess your company’s market competition.
a.Use the factors listed in the course text graphic (p. 123 | Assess the Competition) to assess your company’s market competition.
b.Defend your strategy to successfully compete against market leaders in your segment.
◾Hints: For example, in the soft drink market, it is intimidating to try to compete against Coke and Pepsi. Newcomers in mature markets typically must pursue niche markets or even create new market categories, as Red Bull did with energy drinks.
c.Defend your plan to differentiate yourself from the competition using the information detailed on the worksheet in the text (p. 131 | Market Share Distribution).
Hints: Every business faces competition and the non-alcoholic beverage market is an especially crowded market.
3.Clarify your company’s message using the information provided on the worksheet in the text (p. 160 | The Five F’s).
◾Hints: Before you choose your marketing vehicles, you must determine the message you want to convey through those vehicles.
4.Identify the marketing vehicles you plan to use to build your company’s brand. Justify the key reasons why they will be effective.
Provide examples of other non-alcoholic beverage companies that use these tactics effectively.
Click Here For More Details on How to Work on this Paper......
Need a Professional Writer to Work on this Paper? Click Here and Get this Essay Done ………
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