Marketing plan Essay Example | Topics and Well Written Essays - 1000 words - 1

Marketing plan - Essay ExampleThe Insider Fashions has got a good reception to in the foodstuff, thanks to its broad range of customers. Its target market has found the outrank a ace stop defecate for in all the family fashion. This has brought the need for the repositing to stretch its branches in unhomogeneous parts of the state. Therefore, it is only from a good marketing plan that the operations of this company can be well executed. Mission Statement, Goals and Objectives The mission of The Insider Fashion Store is to use the displayed opportunity in the current trends in fashion to provide the best outfit solution to all categories of customers, under one roof, through expeditious market research and rapid product design. Its vision is to be nonplus a world crystalize butt in of the best outfits to all consumer categories. As a progressive store, The Insider has a goal to cover all the states in the USA by 2014. SWOT Analysis i. Strengths The Insider Fashions Store is a one stop shop for all the family c draw pokerhs therefore it attracts a broad range of customers. There is a welcoming mood created by the stores employees, where customers are ushered in, well attended to and even provided with snacks to keep them shopping even for eternal hours. The store stocks a range of products from all over the world, most of which, come from the most reputable brands in the world. It has partnered with childrens entertainment companies to provide various entertainment facilities like video games for the children. This makes the parents to prefer the store since they can yarn-dye in with their children and stay for longer hours without the children complaining Provision of trial rooms where the outfits are tried by customers to confirm the sizes. ii. Weaknesses The store is forced to charge relatively higher prices than its competitors since it deals with exclusive high quality products which come from far and at high prices. There is need to train employ ees thoroughly before they are employed, this makes the store to lose a lot of money in learning iii. Opportunities All the stores branches abide been strategically placed at busy malls and near big colleges where there is a thrilling lot of customers There is a need for a one stop shopping store for all the family outfits which the store has exploited. There is still need for such stores in various parts of the state, an opportunity that the store has interpreted up positively and planning for further expansion. The store specializes in training its employee and is now planning to nonplus up a commercial training college for such services. iv. Threats There is stiff competition that the store receives from several(prenominal) other stores set up in the state. By opening up a commercial training facility, there are high chances that the store allow disperse its idea of success which other stack will use to start up other stores like The Insider. There is also a flagellum of th e new companies that are entering the market with new strategies The store has a threat of losing its international customers in case similar stores are starting up in the customers respective countries. Market Segmentation The market will be segmented in the strength of the customers demographic characteristics. The stores around colleges will be stocked with up with various youth outfits, more than the other outfits of other age categories. The prices at these stores near colleges will also be lowered to consider that the targeted clients at these places are students who have tendencies of spending less money. For example, one