Assignment:
Unique selling Proposition
You will now complete your secondary market research and consider what distinguishes your company from your competitors, their products, and / or the price of their products and services.
Use the Internet to research your customer demographics and market segment from Journal 2. Consider what you think you know versus what you know to be true based on research from reports, publications, course content, etc.
Write a four to six paragraph journal entry in which you:
1. Describe your unique selling proposition (USP). Next, explain the key aspects of your business, products, or services that make them unique when compared to your competition (e.g., Southwest Airlines' USP is providing customers with low airfare without compromising service and comfort).
2. Describe the marketing objectives of your company. Your marketing objectives should, at a minimum, address potential customer profile and market segmentation. Explain the manner in which you conducted your secondary market research.
3. Use at least two quality references. Note: Wikipedia and other Websites do not qualify as academic resources. Note: Insert the information from the completed Journal 3 entry into "Section 3: Unique Selling Proposition" in the provided Marketing Plan Template
Section 4: Pricing and distribution Strategy
You will now consider your company's strengths and weakness, along with your product or service price.
Use the Internet to research strategies for conducting a Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis. Based on your company's market information, consider the strengths and weakness of your company and its products or services.
Write a four to six paragraph journal entry in which you:
1. Determine the key strengths and weaknesses of your company, as well as both the primary opportunities and threats that it faces within its industry.
2. Discuss your critical steps within your supply-chain and operational system. Explain the key aspects of your strategies for producing and distributing your products and services to both your stores and customers. Determine whether you will use an outside vendor or complete the work in house.
3. Analyze the company's pricing strategy relative to its pricing objective. Examine major internal and major external factors that could potentially affect the pricing of the company's products or services.
4. Use at least two quality references. Note: Wikipedia and other Websites do not qualify as academic resources.
Section 5: Distribution and Promotion Strategy
You will now consider mechanisms by which your customers will purchase your products and / or services (e.g., online, storefront, direct sells) and the primary manner in which you intend to reach new customers (e.g.,TV, radio, social media, special events).
Consider the marketing materials that you intend to use. According to the textbook, marketing materials are collateral used to promote your business or products. Promotional strategy may include free trial offers, money-back guarantees, and buy two (2) for the price of onetype of deals.
Write a five to seven paragraph journal entry in which you:
1. Determine the distribution strategy relative to your target market, location, and selection of distribution channels. Indicate whether or not you will leverage the following strategies:
a. use stores located in different regions
b. sell online
c. hire a sales team to sell directly to suppliers and door-to-door
2. Recommend three strategy options that you could use in order to get your product or services out to your customer base.
3. Outline your main marketing goals for promotions, offers, and giveaways. Discuss the key types of marketing materials that you intend to develop and share.
4. Propose three action steps that you can use to move your plan forward. Consider how, when, and who will be involved in the execution of this plan.
5. Use at least two quality references. Note: Wikipedia and other Websites do not qualify as academic resources.
Attachment:- jane_smith.rar