Promotional Marketing
Based on your first three papers, determine how you will reach your customers as a business so they buy your product. As it is a requirement that you create a commercial for your product, you must include a script and a description of the production of the commercial. Include scenery, actor description, product placement, and context of why you made these selections.
Since the promotional strategy may include some pricing tactics, placement tactics, and even product differentiation (customization), you should ensure that you are building off the other three papers to align with the papers for your product.
Other promotional tactics should be clearly outlined, such as sales pitches, fliers, billboards, or any other infomercial selling the product. Remember to explain why you are marketing the product this way, who you expect to see the advertisement, and why the customer would be convinced to buy your product. The product’s practicality and the marketing campaign’s practicality will weigh heavily on the scoring of your project, meaning that if the product is so difficult to produce, it might be considered a not viable investment.
Finally, create an ROI analysis (Return on Investment Analysis) of your promotional plan, showing how many sales will be generated from the commercial and the marketing tactics. For example, a company called GoDaddy spent its entire marketing budget on one 30-second commercial at the Superbowl but returned $100 million in sales during the next two years. Will your plan pay off like their plan did?
Sample Answer
Based on the preceding discussions, my “product” is the Enhanced Holistic Learning Platform (EHLP). This platform integrates humanities education with critical thinking and ethical reasoning skills, aiming to cultivate well-rounded, empathetic, and engaged individuals prepared for the complexities of the modern world.
Here’s my strategy for reaching customers and a commercial to promote the EHLP:
I. Target Audience and Reaching Them:
My primary target audience segments are:
- Educational Institutions (K-12 and Higher Education): Reaching administrators, curriculum developers, and educators who are seeking innovative and effective ways to deliver humanities education and foster critical thinking and ethical reasoning.
- How to Reach: Direct outreach through educational conferences, webinars showcasing the platform’s features and impact, partnerships with educational organizations, and targeted online advertising on educational platforms and publications.
- Parents: Engaging parents who recognize the importance of a holistic education for their children, going beyond rote memorization to cultivate critical thinking, empathy, and ethical values.
- How to Reach: Online advertising on parenting websites and social media platforms, content marketing (blog posts, articles) highlighting the benefits of humanities and critical thinking for future success, and potential partnerships with parent-teacher associations.