Class Activities

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School

Mercury College Of Arts And Science *

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Course

BSBFIN401

Subject

Marketing

Date

Nov 24, 2024

Type

docx

Pages

2

Uploaded by CommodoreCloverMosquito29

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Class Activities: Activity 1: As you know, marketing communications plan is an effective method of informing your target client base about your product or service and construct and maintain relationships with your customers, prospects and other relevant stakeholders in the company. Assume that you are a marketing officer in OZZY.pvt.ltd. Your company wants to launch a new product in the market. Thus, you are supposed to discuss the process of designing and developing an effective marketing communication plans with other relevant staff members. In this activity, you are required to prepare the marketing communication plan information, consider the following points: Factors of marketing communication (MC) to confirm with clients. Budget : A A large budget enables the employment of more costly marketing communication techniques, like mass-market advertising and sales promotions, on a larger scale, with a wider audience, and/or for a longer duration. An inexpensive campaign would only use internal labor and already-available assets, such website and content marketing, email marketing, and social media know- how. Finding the best value for your money with the resources at hand is essential. ]Timing : For instance, email and web marketing campaigns can typically be completed rapidly and using in-house resources. Conference presentations and events require much more time to arrange and execute. It's crucial to choose devices that will be most effective in the allowed period. Audience : The media habits and behaviors of the target segments should serve as a reference for marketers when making marketing communication decisions. For instance, let's say you are aware that the people in your target market subscribe to a particular magazine, frequent a select few Web sites for product information, and follow a select group of bloggers. In such situation, a presence in these media should be part of your MC strategy. If, however, 60% of your new business comes from Yelp and FourSquare reviews, your marketing plan should include mobile touch points and social media reputation building. Existing assets and organisational strengths : Marketers should constantly look for ways to enhance and broaden what they already have when it comes to marketing communications and the promotional mix. For instance, if a business has a physical location, how is it being leveraged to its fullest advantage to move prospective customers through the sales cycle? How are marketers using the respected founder or thought leader of a company as an employee to create engaging content, inform potential customers, set the business apart from the competition, and inspire desire for their brand, goods, or services? Does the organization have a website? If so, how does it support the AIDA model at each level? Expectations : A Although establishing a new customer relationship is exciting, there are many unknowns as well. Agencies want to demonstrate their ability to provide high-quality work, yet some project requirements are particular and impractical to carry out. As a result, be honest about the limitations of the process
and realistic about what you can and cannot do. Nothing is worse than having a project buried under a client's unreasonable expectations, and it can occasionally be challenging to climb out of that hole. I control my expectations. Show what I can achieve instead of concentrating on what I can't by providing case studies and examples of previous work. Show how I was able to achieve a client's aspirational goals despite the necessity for adjustments along the way. But in my team's budget, be sure to allow some room for the unforeseen. Always make an effort to deliver work ahead of time and fulfill deadlines. By doing this, unforeseen problems could be resolved before a deadline is missed, which, let me be clear, has the potential to erode the client's trust that I've worked so hard to win. Ways to obtain client and product information .
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