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Monday, June 13, 2016
Final Marketing Plan: Creative Content
I have prepared and photographed my Cuban Stuffed Nachos. I used a Canon DSLR with a telephoto lens. I lit the shot using limo studio white lights. Preparation and plating took about 3 hours, but I am happy with the product. This creative content was able to identify with my interests in photography and culinary.
Monday, June 6, 2016
Week 10 EOC: Road Map to Success
Week 10 EOC: Road Map
to Success
Working
on any project can be very time consuming and can take a toll of you physically
and mentally, especially when you are dealing with a large workload. Just imagining
all the work you have to do can turn you off to the idea of getting started. I
know that for my marketing class I have a ton of assignments and a major
project to get finished by next week. When I have a ton of work to do I like to
break things down and kind of make a list of what I need to do and start with
the easiest thing. I mean a start is a start and when you can get at least
something completed it makes any more progress easier to move on to. Basically,
here is a list of the top ten things I have to have complete and ready by next
week for my final class. I have arranged the tasks from hardest to easiest, in
my opinion.
1. Final marketing plan
2. Creative content
3. Phileas Fog adventure story
4. Swot analysis
5. Business mission statement
6. Quotes
7. Read textbook chapters
8. Missing EOC’s
9. Proper blog set up
10. Proper Twitter set up
In
order to achieve these goals I have already began brainstorming and drafting
many segments of my final marketing plan and compiling a resource of quotes to
choose from to support my research and plan. I have bought the ingredients to
prepare the food and own all the equipment needed to complete my creative
content photograph as well as record a radio commercial. My Phileas Fog story
is in the works right now. I am caught up on most of my EOC’s and only have 2
chapters left of the book to read. My blog is set up almost perfect and I have
all of the tweets that I need for the class but just need to have my profile
set up properly. In all honesty I was kind of worried about how I was going to
handle my work this week and the beginning of my post, but now, I feel pretty
confident about how I am going to complete everything.
Week 9 EOC: My Creative Content
Week 9 EOC: My
Creative Content
Nothing
draws people to good food like good looking food. Everybody can understand that
a first impression, or first “image” is everything. This concept becomes
extremely relevant when discussing restaurant and food type products. Most
businesses try to provide enough customer satisfaction so after you come
through the door needing something, you keep coming back. When it comes to
food, a picture can be the way of getting a customer to show up that first
time. A good representation of your product can take you a long way. For
example, take the fast food giant McDonalds. Advertisement after advertisement
McDonalds manages to release outstanding visual representations of their food
and we all know that McDonalds does NOT taste or look how it does in the commercial,
but we keep going back.
For
this project I will be preparing a serving of my Cuban Stuffed Nachos and
trying to accomplish a professional, quality looking picture of my food. I will
be using my home oven and ingredients to prepare my dish as best I can. For the
photograph itself I will be using a Canon Sl1 DSLR camera with a wide angle
and/or telephoto lens. (depending on which I prefer) The image will be lit in
front of a green or white screen using Limo studio lighting equipment, or if
quality can be improved, the food will be photographed in one of the light
boxes at school. I will use Photoshop to edit and help correct and bring my
final photograph to the quality I am seeking.
For
this project I am also considering, but not completely committed to creating a
radio commercial for Phileas Fog’s Cuban Stuffed Nachos. The commercial will
run either 15 seconds or 30 seconds long. I will record voice of the commercial
using an akg 420 multi pattern condenser microphone. The signal will be
processed by a Scarlett 2i2 audio interface into the software, Pro Tools, where
the commercial will be edited to perfection. I will compose/perform a live Spanish
classical guitar piece as background music for the commercial as well to make
it complete. Again, the radio commercial may not be definite. I may provide
solely the picture if the commercial can’t be created, provide the commercial
if the picture can’t be created, or provide both. I’d just like to make sure I
have some viable options for my creative content.
Monday, May 23, 2016
Implementation, Evaluation, & Control
Final Market Plan: Implementation, Evaluation, and Control
So this is where it
really matters. Implementation, evaluation, and control, or basically, how
would this work out in the real world and how we would be motivated to achieve
our goals and success. In order to reach our high standards of success Phileas
Fogg will implement extremely tight supply channels and customer relationships
in order to provide the highest profit, steadiest product/workflow, and
dependable service model. We will have meetings with our intermediaries very
often and will cut those not pulling their wait or working up to Phileas Fogg's
standards. We will not have some half-ran saloon disrespected and putting a
damper on our designer brand. Phileas Fogg will stay up to date on social media
and advertisements that identify with our target demographic. Basically "instead of throwing more
one-way commercial messages at ad-weary consumers," (Pg. 142) we're going to try to reach out to people and
be more involved with their daily lives and conversation.
I had my Cuban Stuffed
Nachos prepared and I had a few of my friends who work at a bar, and even the
bar manager, try my food. They all enjoyed it and said it tasted very good, it
had a nice savory flavor that a lot of bar foods and snacks are loved
for. I agreed that it would be nice alongside a drink because the heavy
salt content would encourage a customer to buy more drinks. They
even asked if I would mind if they decided to put it on their menu. I took this
as a sign of a good idea actually working out.
Price
Final
Marketing Plan: Price
“Price is the sum
of all the values that customers give up in order to gain the benefits of
having or using a product or service.” (Pg 275). Cuban Stuffed Nachos
are planned to be sold at a set price of $6.99 for a regular bag of containing
around 35 stuffed nachos, or a serving for about 3 people, to the restaurants
we supply. We suggest that restaurants serve that same portion as a share-able
appetizer. We also suggest the idea that they could be sold as an add on to a
meal or drink as a side. Maybe to be included in a platter with other foods
because they aren’t messy. Also because they come in decent sized pieces,
restaurants may be able to sell them in the same fashion some places sell
wings; a different price for a different set amount of pieces. Bulk orders of
bags of nachos will be offered at discounted prices
relating to the amount of the order.
Promotion
Final
Marketing Plan: Promotion
How are we
going to get people to want the product? What steps can we take to ensure that
people will be seeking out the stuffed nachos. “Consumers usually face a broad
array of products and services that might satisfy a given need. How do they
choose among these many market offerings?” (pg 7). It is important as well that
we acknowledge that there is competition in the bar snack food market. Phileas
Fogg boasts the position of having access to the highest quality ingredients
from around the world to be offered at your local bar for cheap price. These
dishes have been simplified and refined into a designer cuisine suitable for luxurious
events and locations. Cuban Stuffed Nachos will be promoted as a great, easy to
share bar snack or appetizer with a little exotic flavor to help enhance the experience
and conversation.
"Retailers are
always searching for new marketing strategies to attract and hold customers.”
Pg 352). Phileas Fogg will always be deeply involved with their customers and
their opinions and interests in the product in order to always adapt and
reflect a steady position in marketing trends.
Distribution
Final
Marketing Plan: Distribution
Many
companies struggle if they do not have a proper plan in place to distribute
their products and goods. You need to know how you are going to get the food
from where it is produced to the restaurants you supply and then to their
customers without any lost quality or product. You can’t just trust anyone to
sell your product though. “Between intensive and exclusive distribution lies selective distribution—the use of more
than one, but fewer than all, of the intermediaries who are willing to carry a
company’s products.” (Pg 324). By utilizing selective distribution Phileas Fogg
will be able to work closely and form strong relationships with the companies
that sell our product in order to ensure the highest possible customer satisfaction.
If a company isn’t handling our product well enough we will be able to cut them
off before we come to a loss. It will be important that “when selecting intermediaries,
the company should determine what characteristics distinguish the better ones.”
(Pg 325). Our company will only provide our products where the resellers work
as hard as we do to ensure the highest quality and customer satisfaction through
the practice of selective distribution.
Product
Final
Marketing Plan: Product
The most
important and constantly perfected part of any corporation that offers services
or goods is obviously the product or good itself. What is a product? What is
Phileas Fogg’s product? “We define a product as anything that can be offered to a market for
attention, acquisition, use, or consumption that might satisfy a want or need.”
(Pg 208). The product must be able to retain a value as well as provide an
experience that will help a customer return.
Cuban
Stuffed Nachos will be a perfect restaurant/bar snack or appetizer. They are
easy to share and will not leave a mess behind or make your hands dirty. The
product will basically be composed of a small bite sized chip filled with all
the elements of a nacho platter. Cheese, spices and other delicious
ingredients. Portion size and price can be decided by the restaurant themselves
when offered to customers.
Target Market Strategy
Final
Marketing Plan: Target Market Strategy
This part
of a marketing plan can be the most challenging for many companies. “Most companies have moved away from mass marketing and
toward target marketing—identifying
market segments, selecting one or more of them, and developing products and
marketing programs tailored to each.” (Pg 174). Who exactly are we
selling are product to, and how are we going to make them want it? Selecting
the proper demographic can mean everything to your product, I mean imagine if
they opened up a water park in Siberia. Demographics are labeled as “the study of human populations in terms
of size, density, location, age, gender, race, occupation, and other
statistics.” (Pg 71) I aim to
identify with a younger demographic of people. I would wish to launch Cuban
Stuffed Nachos as a bar/ club food that friends would be able to share and
enjoy together. The nachos could be plated a nice way and served with a side of
sauce allowing for optimal look, refinery, and sharing capability.
“Consumers
make many buying decisions every day, and the buying decision is the focal
point of the marketer’s effort.” (Pg 137). In order to target this type of
demographic Cuban Stuffed Nachos will be advertised in a bar/restaurant type
setting with kids around the age of 21 enjoying the food and a nice night out.
Before serving, the nachos will be stored in a container with an illustration
of the origin of the food as well as a story of Phileas Fogg’s adventure in
Cuba, so an enticing advert of a Cuban paradise. “People
vary in their emphasis on serving themselves versus serving others. Some people
seek personal pleasure, wanting fun, change, and escape” (Pg 89). This
kind of advertisement will identify with the younger demographics’ want to
travel and want to see the world combined with the idea that eating this food
will make them feel as if they were living a Cuban paradise.
My hope is
that men will be willing to buy this food as a simple appetizer to share with
friends or for a small snack at the bar or club to share with a woman. Nothing
goes better with an alcoholic drink than heavy amounts of salt encouraging more
thirst and the likely fact that a customer will spend more time and money at
your place of business.
SWOT Analysis
Final
Marketing Plan: SWOT Analysis
When
creating a product or service there are several aspects of your product which
need the utmost attention. Companies need to take time in deciding what their
strengths are in order to take advantage of the opportunities that may come
their way. A business has to analyze the weaknesses as well as the threats that
may face them as well. The weakest links need to be identified and fixed, and
the threats need to be targeted and shut down. If a company can identify a
possible threat, then there is more chance any issue can be avoided and then
the company can focus more attention on their strengths and being successful. A
strength Phileas Fogg has is knowing that “cultural
factors exert a broad and deep influence on consumer behavior”. (Pg 137).
Cuban
Stuffed Nachos and Phileas Fogg’s strengths include offering a valuable experience,
brand reputation, media reputation, high brand loyalty, distribution,
cleanliness, designer gourmet food quality, culturally friendly, resources and
resource areas, and the fact that consumers are drawn towards savory snacks and
love to indulge in the delicious broad range of flavors that are loved and
easily achievable.
Phileas
Fogg knows that “the marketer’s job does not end when the product is bought.”
(Pg 153) We will always follow up on our products and with our suppliers to
ensure that customers and everyone involved in the chain of making the food to
delivering it is happy.
Cuban
Stuffed Nachos and Phileas Fogg’s weaknesses include an over-reliance on
marketing innovations, low variety of dessert like snacks, slightly more
expensive than other snacks, and low variety of healthy options.
Cuban Stuffed Nachos and
Phileas Fogg’s opportunities include the exposure and demand for exotic
experiences and cuisines, an innovation of a snack, chance to expand
selectively into other channels, and forming long lasting relationships with
supply chains.
Cuban Stuffed Nachos and
Phileas Fogg’s threats include that there are already many competitors in the
market, an increasing focus on health, competitor’s prices, brands may introduce
new variants of my snack, and world events causing issues getting authentic
ingredients.
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