Market segmentation and targeting, Marketing Management

Assignment Help:

You are needed to complete the following piece of work:

'Bodyproud Fitness' is a relatively new health and fitness company based in Huddersfield. The company was produced in response to the continued growth of the 'health and fitness' market in the UK.
Basically the company is a health and fitness club offering a range of health and fitness facilities on a membership only basis.
The company functions out of what was previously a furniture warehouse approximately 1 mile from the town centre.
The facilities offered contain the normal range of fitness facilities; rowing machines; exercise bikes, weights etc. which are all state of the art. It also offers a range of group fitness activities like for example aerobics and yoga.
There are no swimming facilities but there is a steam room & sauna, tanning rooms,  and Jacuzzis.
A significant part of the service offered to members is the provision of personalized health and fitness programmes. These programmes are designed around the requires of individual members and contain not only carefully designed individual fitness and exercise regimes but also dietary and 'life-style' advice.
Users must be members and there is an initial joining fee and a range of charges according to for example: how long the membership is taken out for; age - with reduced fees for the under 18's and over 55's; discounts for family memberships etc.
   
The company was established  by three friends with no previous managerial or marketing experience or knowledge but with a keen interest in health and fitness and all  the necessary health and fitness training and qualifications. The company, now three years old, has been very successful and now employs a total of 15 staff again none of who have any marketing training or experience. The success of the business has ,to date, been due to the enthusiasm and hard work of the three co- founders who are very knowledgeable about health and fitness and offer a very personalised service often spending considerable time with individual members to discuss their individual health and fitness regimes.
As a first step to increasing its improving its marketing activities it has employed you to produce a preliminary outline report covering the following areas

  • Market Segmentation and Targeting

 

  • Marketing Research

 

  • Advertising

 

  • Direct marketing

 

  • Pricing


The company has specifically asked that as much as possible you discuss every of the above areas in the context of its own particular product market condition and from the perspective of how to become more efficient in its marketing

 


Related Discussions:- Market segmentation and targeting

Brand building process, Brand building process: Having understood the...

Brand building process: Having understood the basis of the brand equity, let us now turn to the brand building process. As we saw earlier, brands are built over a period of t

What is the effective way to internet marketing strategy, What is the effec...

What is the effective way to Internet marketing strategy? There is no certain formula for an effective internet marketing strategy. This depends upon your individual situation.

How is information in technology structure affected, How is information in ...

How is information in technology and organizational structure affected? Conversely, information systems have enabled companies to gain many benefits as like efficiency gains, q

Personal Brand, Write a 700- to 1050-word paper that does the following: ...

Write a 700- to 1050-word paper that does the following: Summarizes your background and what makes you unique in a 1-paragraph elevator pitch Identifies 3 to 4 companies

Explain in detail about the promotional activities, Explain in detail about...

Explain in detail about the promotional activities It is hence a persuasive communication and also serves as a reminder.  A firm uses different tools for its promotional activ

Consumer behaviour, people have a peculiar behaviour over a product and why...

people have a peculiar behaviour over a product and why is it so.How a product is altered to attract customers? What are the techniques companies follow to retain and add new custo

Explain benefits of undertaking market segmentation, Question: a) The ...

Question: a) The consumer electronics firm for which you work is about to launch a new model of mobile telephone (cell phone and hand phone). This will be a very basic model o

State the relationship marketing principles, State the relationship marketi...

State the relationship marketing principles Numerous organisations use relationship marketing principles, manifest in the form of customer relationship marketing or loyalty mar

Product life cycle, Considering the concept of product life cycle, where wo...

Considering the concept of product life cycle, where would you put video games in their life cycle

Marketing communication, Problem 1 (a) The development of inter-organi...

Problem 1 (a) The development of inter-organizational relationships is best known through personal selling rather than through exhibitions and trade shows. Explain. Proble

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd