will use a market entry strategy. This is when the price of a new product is lowered so as to attract clients. Then after the package has solid and dependable clients, it will increase the price so as to maximise on profits.
Promotion will incorporate two categories
advertisement
additional features (Cannon, 1986)
The Company will offer some free services whenever a client comes back for three consecutive weekends. Women will receive free eye brow tweezing while men will receive any service in male grooming that costs less than thirty pounds. Such additional features will encourage customers to come back to the Spa for more.
Advertisement will be done through the internet where the product package will be described in full details on the Company website. Advertisements will also be placed on Google and other well known search engines. There will be some pictures of the Spa showing the Turkish Sauna and some people doing yoga. There will also be some colourful pictures of the surrounding atmosphere to capture people’s imagination. The Company will display these very pictures in selective magazines and newspapers. The purpose of the advertisements will be to highlight the public about availability of the service, where to get it and the benefits that come from the service.
Conclusion
Botonia’ package will be one that stands out from all the rest. It has a comprehensive package and will not require too much resource input. Besides this, the product will be quite affordable compared to other offerings in the market. Because of these traits, the product will do well in the market. (Barney, 1991)
References:
Barlon, K. (2006): The concept of the marketing mix Presentation on marketing management, Volt 1, Oulu University -Finland
Barney, J. B. (1991): Firm Resources and Sustained Competitive Advantage, Journal of Management, 1 (January),
Bitner, J. and Booms, B. (1981): Marketing strategies and organizational structures for service firms, in Donnelly, J. and George, W. Marketing, American Marketing Association, Chicago.
Cannon, T. (1986): Basic marketing, principles and practice, 2nd edition, Holt, Rinehart and Winston, New York
Chekitan S. D and Schultz, D. E (2005): In the Mix: A Customer-Focused Approach Can Bring the Current Marketing Mix into the 21st Century, Marketing Management v.14.
Doyle, P. (2000): Value based marketing, Wiley, Chichester.
Hotel benchmark (2002): Budget hotel Proving Resilient retrieved from; www.hotelbenchmark.com, accessed on 07/03/08
Kasper, H. V and Gabbott, M. (2006): Services Marketing Management: A strategic perspective’2nd edition, John Wiley and Sons
Kotler, Philip, Keller and Lane (2005): Marketing Management, Prentice Hall
Michael J. B (1985): Marketing strategy and management, Macmillan publishers’ Ltd, London.
Author is associated with ResearchPapers247.Com which is a global Research Papers and Term Papers Writing Company. If you would like help in Research Papers and Term Paper Help you can visit Custom Essays> and Custom Research Papers> or Term Paper Help>