DAY 1: WARM-UP - Quia



DAY 1: 2-6-12 Any time you have completed an assignment for that day - make sure you practice activities on Quia such as Hangman, Rags to Riches, etc.

ACTIVITY 1: Student will complete Promotion Exercise 1:

Task

Scenario – a go-karting business is just setting up in your local area. It will be opening in three weeks. In addition to an ‘arrive and drive’ option, the business is hoping to attract group bookings for parties as well as offering corporate entertainment. It will have a cafe bar as well as the track. Put together a recommendation for the owners about how they should go about promoting the opening of the new track. Justify your recommendations. BE SPECIFIC!!!!!

ACTIVITY 2: Student will complete Promotion Exercise 2 on-line:

COPY AND PASTE RESULTS INTO THIS DOCUMENT

DAY 2: 2-7-12

ACTIVITY 1: Students to Test on Objective 2.01

ACTIVITY 2: After testing, students to view

Also view: Regarding Pizza delivery

DAY 3: 2-8-12

ACTIVITY 1: After discussing key vocabulary terms, have students log onto the internet to research demographics in Durham County, NC. (information as of 2010 census)

1. High school graduates

2. College graduates with at least a bachelor's degree

3. % in change in population from 2000 to 2010

4. Median household income

5. Are there more females or males living in Durham County

ACTIVITY 2: Out of the NFL, NBA, MLB and NASCAR - which group do you think would have the most loyal fan base?

Use the internet to research NASCAR demographics - answer the following questions:



1. What is the income level of the largest % of NASCAR Fans?

2. What region of the US has the largest number of NASCAR Fans?

3. What region of the US has the least number of NASCAR fans?

4. The average NASCAR fan consumes how many hours of media per week?

5. Which NASCAR event has the highest attendance by fans?

6. Explain the term "track side sampling"

DAY 4: 2-9-12

Knowing your Market

In an earlier lesson we learned that your market is the people who you expect will be buying your product or paying for your service. In any place you will see all types of people each with their specific needs and wants. You certainly can’t be expected to meet everybody’s needs- that would be impossible! Look at your school. You have the students, the teachers, the lunchroom staff, the janitors, the school nurse, the principal. Each of these people has very different needs. The specific group of people that you want to sell to is called your target market. An example might be if you were selling skateboards. I doubt your target market would be retired people. It would likely be kids. Knowing your target market makes it easier for you to come up with marketing strategies, or the way in which you will sell your product and get people to want to buy it.

Exercise One

In Group A there is a list of various products and services that a business might sell. In Group B there are various target markets. Match the terms using the appropriate #

|1 |Math tutoring | |Women over 70 |

|2 |Lipstick | |10 yr. old girls |

|3 |Lawn mowing service | |Middle aged men |

|4 |Popsicles | |Single mothers |

|5 |Backpacks | |Teens |

|6 |French cuisine restaurant | |Rich men over 60 |

|7 |Baseball cards | |Elementary school kids |

|8 |$.25 candies | |NBA nuts |

|9 |PSL's | |NASCAR nut |

|10 |Lakers merchandise | |12 yr. old boys |

|11 |Dale Earnhart Cap | |TV nuts |

|12 |Time Warner cable services | |Football nuts |

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There are many kinds of marketing strategies. You might decide that the best thing for your product is to rent a shop and sell from those premises. Advantage: ease of start-up. Disadvantage: Can mean long hours such as a Video Store.

You might decide to sell your product by going door to door asking people if they want to buy. Or you might need to sell only to shop keepers so that they stock your item and customers buy from them. You might decide it’s a good idea to advertise in the local newspaper or it might be better to advertise in a national, glossy magazine. Your marketing strategy will be decided by your target market.

If for example, you have a lawn service business where you mow people’s lawn, clip their hedge and rake up leaves, a door-to-door approach may be an excellent marketing strategy for you. A large amusement park such as Carowinds may advertise in a national glossy magazine, such as "Southern Family Vacations". Selling things such as baseball cards or a used car - - the ad would probably be in a local newspaper. It would not make much sense to advertise a used car in Durham, NC in a newspaper in Miami, Florida unless it was a classic car.

Exercise Two

Kelly has a business that manufactures two types of lunch boxes. The first type is a basic silver, metal lunch box with a thermos inside. The other type of lunch box is plastic with different scenes from the Harry Potter movies both outside and on the thermos inside.

a) Describe her target market for each of these lunch boxes.

b) Can you suggest a few marketing strategies that could be effective for each of the two lunch boxes.

EXERCISE THREE You always need a product that has good enough quality that someone will part with their hard earned cash to buy it, but people buy for different reasons. Some are looking for the best price and some are looking for the best quality and price is not an option. Pricing your product or service must take this into consideration. You also must know what price your competition is selling the same or similar product. Pricing is part of your marketing strategy. Of course, a low price means that you will have to sell many to break even. Can your target market buy the amount that your break even point is demanding?

Chico is starting a hamburger joint. He believes that his main target market will be the teenagers from the nearby high school. He hopes that they will pile in at lunchtime, after school and on weekends. He calculated his break even point when selling his hamburgers at $6.00 each, at a 1000 hamburgers a month which works out that he must sell about 40 burgers a day. He also knows that three blocks away the burgers are sold at $2.50 each. If Chico lowers his price $1.50 for each burger and makes them a little bit smaller he can get a break even point of 1600 per month or about 66 burgers a day.

A) What do you think Chico should do?

B) Can you help him with a marketing strategy? (The answer is YES - Present your ideas here)

C) Use one piece of paper to design a poster on your computer to attract Chico’s target market to his hamburger joint. Take time to create the project - - something you would not be ashamed of posting yourself. We will print these out and put up in the room - - make them nice!!!!! Create the poster on the next blank page. If you prefer to have it landscape - create a new document and name it Chico's HB joint.

DAY 5: 2-10-12

ACTIVITY 1: Student will complete an exercise on psychographic marketing - matching terms relating to wannabee's buying fake Rolexes, successful businessmen wanting brief commercials so they can move onto achieving something else., etc.

Psychographics marketing

Psychographics marketing may be a concept that you are not fully aware of, but it is an essential part of marketing. Psychographics marketing involves dividing potential customers into groups, according to their psychological characteristics. This sounds incredibly complicated, but it is actually a relatively simple concept once you understand it.

What is psychographics marketing?

Most marketing involves certain demographics, which refers to factors such as the age, location, marital status, ethnicity and religion of the person in question. Psychographics goes beyond this to ask questions of the lifestyles, behavior and attitude of the person in question to build up a more detailed picture of who they are. These tend to be directly related to consumerism, and the type of products that people prefer to buy based on their lifestyle choices.

Why is psychographics marketing important?

Surveys that ask these types of questions are vital to market researchers, who often use them to gain information on people who have bought their products in the past, or may be tempted to do so in the future. Psychographics marketing can work alongside demographic marketing to allow advertisers to promote their products effectively, in order to sell their products in the long term. As many advertisers concentrate predominantly on demographics, using psychographics marketing as well can leave advertisers one-step ahead of their competition. Match the terms in the table below that you think would make sense:

|1 |Sailboats | |The belonger |

|2 |Gray headed man in convertible | |Purchases "Made in America" |

|3 |Spending time with family/friends | |Prefers brief ads - in a hurry |

|4 |Investment banker | |Wannabe |

|5 |The belonger | |Recycles - ride bicycles |

|6 |The achiever | |Feels inadequate - sucker for TV shopping |

|7 |Fake Rolexes | |Mid-life crisis |

|8 |Socially Conscious | |Leather jackets - tattoos - beards |

|9 |Needs Driven | |The achiever |

|10 |Harley Davidson Rider | |Loves the sea |

ACTIVITY 2:

market segmentation - behavioural segmentation

Behavioural segmentation divides customers into groups based on the way they respond to, use or know of a product. Behavioural segments can group consumers in terms of:

Occasions

When a product is consumed or purchased. For example, cereals have traditionally been marketed as a breakfast-related product. Kelloggs have always encouraged consumers to eat breakfast cereals on the "occasion" of getting up. More recently, they have tried to extend the consumption of cereals by promoting the product as an ideal, anytime snack food.

Usage

Some markets can be segmented into light, medium and heavy user groups

Loyalty

Loyal consumers - those who buy one brand all or most of the time - are valuable customers. Many companies try to segment their markets into those where loyal customers can be found and retained compared with segments where customers rarely display any product loyalty. The holiday market is an excellent example of this. The "mass-market" overseas tour operators such as Thomson, Airtours, JMC and First Choice have very low levels of customer loyalty - which means that customers need to be recruited again every year. Compare this with specialist, niche operators such as Laskarina which has customers who have traveled with the brand in each of the last 15-20 years.

Benefits Sought

An important form of behavioural segmentation. Benefit segmentation requires Marketers to understand and find the main benefits customers look for in a product. An excellent example is the toothpaste market where research has found four main "benefit segments" - economic; medicinal, cosmetic and taste.

EXERCISE

Student will go on-line and research the products a cruise line has to offer. He/she will plan a trip for a family vacation, and then plan a trip for a romantic get-away - - student is to observe the difference in how the products are being marketed. Share information below -costs, activities, entertainment, etc.:

FAMILY VACATION

ROMANTIC GET-AWAY

CLASS DISCUSSION:

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