Prepare a brief marketing plan, Marketing Research

Assignment Help:

‘Tots & Teens Fashion' is a small business based in Birmingham, UK. It is owned by Amara and her husband Tariq who started the business 2 years ago. The business supplies a range of designer clothes for babies and children up to 15 years of age and is run from a small stall in the city's thriving Bull Ring Shopping Centre. The couple spend a lot of time buying clothes from up and coming, less well known fashion designers and very often travel to London to fashion colleges and fashion exhibitions to source stock for their stall. However, the recent ‘credit crunch' has meant that families have less money to spend on ‘luxuries' such as designer clothes for their children and so the 2011/2012 income for the business was low and the couple have noticed that there is a lot of unused stock that really needs to be sold. Amara has decided that the business cannot continue on this basis wants to formulate a plan to ensure the prosperity of the business for her and her husband.

Instead of selling specifically to the ‘local market' Amara and Tariq will supply designer clothes, shoes and accessories to a much wider market by setting up an online retail business which could supply the clothes etc. via their own local delivery service (within a 50 mile radius of the centre of Birmingham) or via a courier service for further distances.

All of the clothes etc. are to be sourced from up and coming fashion designers and as such are likely to be ‘one off' items or ‘exclusive designs' and this would mean that the prices would be higher than those retailers providing ‘mass produced' clothing and accessories, and Amara believes that customers would be willing to pay more for the unique clothing and associated accessories. Amara and Tariq think the customers most likely to be interested in their clothing range would be affluent families who like their children to wear unique clothing to stand out from their peers.

Amara and Tariq are also aware that not all customers will be willing to pay a premium price and to cater for these customers Amara is considering designing / making some of her own designs / clothes ranges and offer these at a lower price.

In an attempt to promote the business Amara and Tariq organised an open day in a local college but it was poorly attended and only around 20 people (mostly family and friends) visited the open day. Amaras' response to any criticism on the day was that the students at the college were not the market / customers that they were aiming at anyway.

Amara and Tariq now realise that they need help if they are to make the business a success and as they have no real understanding of marketing Amara has asked if you will meet with her and Tariq to discuss / explain what marketing is and what the key marketing issues that they need to consider for their business are.

Using the information that you already know about the business and its products, and through consideration of the PEST and SWOT factors, you are required to prepare a brief marketing plan document that you are going to use in your discussion with Amara and Tariq.


Related Discussions:- Prepare a brief marketing plan

VALS, How can i get the art behind the questions in VALS questionnaire ? or...

How can i get the art behind the questions in VALS questionnaire ? or Where can I find the S.R.I categorization?

Measurement error, This is caused when the information gathered is differen...

This is caused when the information gathered is different from the information sought. For example respondents are asked to indicate whether they own a color television set,. Some

Write a short note about comparative scaling techniques, Write a short note...

Write a short note about comparative scaling techniques As name suggests comparative scaling includes direct comparison of stimulus objects with one another. For instance, manage

How can consumer behavior create diffusion of innovation, Q: How personal i...

Q: How personal influence of consumer behavior can create Diffusion of Innovation.? Ans: Products be likely to go through a life cycle. Primarily a product is introduced. S

Explain your human resource planning approach, Question: You are appoin...

Question: You are appointed as the Group Marketing Director of a renowned hotel group. Your task is to develop a business plan to attract sales and achieve an occupancy rate of

What are the limitations of marketing research, What are the limitations of...

What are the limitations of marketing research? Answer There are two main limitations of marketing research. a. It can't provide decision directly. Marketing research c

Difference between cohort analysis and longitudinal design, Difference betw...

Difference between cohort analysis and longitudinal design The major difference between cohort analysis and longitudinal design hence is the sample. Whereas longitudinal design

Marketing segment, How might this medical group tailor its marketing mix to...

How might this medical group tailor its marketing mix to appeal to this segment?

What are responses of researcher, What are responses of researcher Whe...

What are responses of researcher When responses are missing or inappropriate, researcher has three choices: (a) Researcher can sometimes detect proper answer by reviewing t

Introduction- exports document, Introduction : In the Previous we learn th...

Introduction : In the Previous we learn the importance and the role of experts in a developing country like India as well as the policy framework in which exporting firms operate

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