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Marketing Plan

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Digital marketing strategy
Digital marketing strategy
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Marketing Plan

  1. 1. Partnership Marketing Plan Institute of Innovation and Entrepreneurship Charles Okari, Minkyun Seo, Yu-Wen Huang
  2. 2. 1. Introduction 2. Strategy 3. Tactics 4. Financial 5. Control 6. Materials
  3. 3. Introduction
  4. 4. To improve and develop more projects over time and be able to attract new partners. In the next five years, we aim at getting ten partners or more who will be making use of our projects and able to support our ideas to make BERRIEN SPRINGS and the entire MICHIGAN STATE one innovative state where business is doing well. Our Aim
  5. 5. Marketing Strategy
  6. 6. Target Markets Our ideal partners are the companies from Berrien springs to Niles, Benton Harbor and St. Joseph area that are interested in interacting with our students in this program to have more innovation on their products and services. These partners work in collaboration with our I&E program; in doing so the the partners share their ideas to students and also benefits from innovation that students developed to be used in their businesses.
  7. 7. Marketing Objectives ◎ Getting 5 partners by the End of the Year ◎ Developing at least 5 projects this year ◎ Increasing the market share to outside Berrien Springs, Benton Harbor, Niles and St Joseph.
  8. 8. Financial Objectives ◎ Admission of new students into I&E program each year. ◎ Seek for financial funds and project equipments from our partners that will enable us improve our projects over time.
  9. 9. Marketing Tactics
  10. 10. 1. I&E Website Give accessibility to partners to view the projects that are being build. Give students a chance to propose their projects before going ahead to building them.
  11. 11. 2. Networking Events Create interactions among students and partners. Help students share new ideas among each other.
  12. 12. 3. Social Media Promote the innovations made through Facebook, Instagram, Twitter, LinkedIn, and YouTube for partners to access and give feedback.
  13. 13. 4. Online video Gives room for question and answer to those having questions on the innovations made giving them a platform to air their opinions
  14. 14. 5. E-Newsletter(Email) Newsletter are to show the projects being worked on and their benefits at the end of build up.
  15. 15. 6. Improving Search Engine Optimization Provide easy and faster accessibility of information to students and partners on the product information.
  16. 16. Financial Analysis
  17. 17. ● Total amount of tuitions is sales amount. ● It has competitive advantages of competing with other similar programs in other schools. ● Students who signed up for this program, have a very high intent to keep their study until they finish the program. ● Tuition fees is $1100 per credit (Average) and assuming cohort sizes of 10 in 4 respective ramp-up years. ● Others in sales include fee and all types of grant from partners or investors, assuming average $50,000 each year. ● Except the first year, it doesn't require to buy any new equipment.
  18. 18. Overall Financial Concerns/ Implications ● Finding students for this program is not that challenging because of the variety of ways we can do ● It is difficult to create financial strategy tailored to each of partners ● The current goal is to inform people of this program as much as we can. Because there are few people who know of this program now.
  19. 19. Controls
  20. 20. Activities Who Frequency Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar I&E Website AU Office of IT Service Designing Developing Publishing on AU Website Online video I&E staff Annually Making Program Image Videos Publishing on Youtube Networking Events School of Business Annually Annual Event Social Media Marketing I&E marketing manager Weekly Post LinkedIn, Youtube, Facebook and Twitter E-Newsletter (Email) I&E marketing manager Monthly Send by Email Send by Email Send by Email Send by Email Send by Email Send by Email Send by Email Send by Email Send by Email Send by Email Send by Email Send by Email Improving SEO AU Office of IT Service Monthly Assess current search ranking Track and measure the right metrics Makeing website mobile- friendly Diagnose and fix current penalties Improving SEO with keyword research
  21. 21. Quantitative Indicators: ◎ Revenue Growth ◎ Cost of Customers(Partners) Acquisition ◎ Web Traffic Sources ◎ Email Marketing Performance ◉ Delivery Rate ◉ Unsubscribe Rate ◉ Open Rate ◉ Click Through Rate ◉ Conversion Rate ◉ Forward/Shares Evaluation-kPIs Qualitative Indicators: ◎ Level of partners’ satisfaction ◎ Partners’ loyalty
  22. 22. Marketing Materials
  23. 23. Camera-Ready Marketing Materials 1. I&E Facebook Post 2. I&E YouTube Banner 3. I&E e-Newsletter
  24. 24. Executive Summary Our resolution for this program is to increase the number of students annually and also increase the number of partners. We developed a set of marketing tactics to attract more partners. Also, we analyzed the financial aspects to see if this program is likely to go beyond the break-even point and what kind of financial support our partners can provide.
  25. 25. “ Questions? ?
  26. 26. Thank you!

Notes de l'éditeur

  • Key performance indicators helping in judgement of our marketing plan.

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