Rasmi bhatta        

                                                  Contents

        Page numbers

        3

Action plan

Introduction

Task 1

Task 2

Task 3

Questionnaire (blank and completed)

Tally charts

3 graphs and comments

Purpose of the questionnaire

Advert and evaluation

Financial and social implications

Legislation

Over all conclusion

Bibliography

 

ACTION PLAN

INTRODUCTION

My business studies coursework is focused on Errol Anderson who is planning on starting up his own business as a mechanic. I’ve been asked to help Errol with his marketing plan.

A marketing strategy is a medium to long term plan for meeting the objectives by using the four P’s (price, product, place, promotion). These come under the marketing mix and it needs to be malformed to meet each business needs and financial status. Errol will need to consider where his business will be set as he’s already decided that it will be located some where in harrow. Fundamentally, Errol needs to certify that his services are first-rate to match the price and that he’s using the right promotion techniques and providing the services at the right place. By this there’s a chance that Errol will succeed through his business.

Before I start my coursework I’d like to tell you a little bit about Errol’s back ground. Errol had always been interested in cars as a young boy as he helped his dad with the family car. Luckily when he was in year 10 he went on work experience to a small local garage owned by Mr David Turner. Errol really enjoyed his work experience and Mr Turner was impressed that he offered Errol a Saturday job.

When Errol left school in 1997, at the end of year 11. He went to a college and learnt about car mechanics. Later, he got a full time job in the car mechanics garage where he worked. So therefore, he only went college ounce a week. Errol had learnt a lot while he was at the garage such as finance, stock control, customer services and general administration. Unfortunately, Mr Turner retired and Errol was left with out a job. So therefore, he wanted to be a sole trader and have his own garage.

Errol was happy the bank had given him a loan. However, the bank manager drew attention to the fact that many small businesses including sole traders and partnerships fail in their first year of trading. The bank manager also explained to him that there are many small businesses like Errol’s all wanting the same thing. So therefore, Errol will have many competitors which is bad.

A target to achieve is called an objective. When setting the objectives errol need to link his objectives to the S-M-A-R-T objectives. These are Specific, measurable, achievable, realistic ad time related. So therefore, Errol needs to be specific- has he planned his mission? He also need to be measurable- how much dividends does he want to achieve in his first year? (It’s hard for a sole trader to have profit in their first year) achievable- how much does he want to gain?  There’s no point of setting targets that can never be achieved. Realistic- how much does he expect to grow and how big does he want to be in the future? This again should be achievable. Time related- how much does he want achieve in 5 years time? While starting a business Errol needs to put all these factors into consideration and only then will his future be planned.

As a business, there are five main objectives of Errol Anderson and Motors are survival, wealth creation, profitability, market share and customer satisfaction. Survival is the most important objective because Errol is a sole trader and it’s hard for many sole traders to survive in their first year as there is unlimited liability etc. wealth creation is also important because this is the only way Errol can expand his service.  Profitability can help Errol to use promotional pricing to gain interest especially since Errol needs to generate interest and therefore profit. Market share isn’t s much important for Errol at this moment in times since he’s trading by himself. Customer satisfaction is very important because then his costumers will decrease so Errol needs to introduce special deals at ties for his costumers to encourage repeat purchase.

So, Errol needs to make good objective so that it can reduce the risk of failure. An objective is a target that an organisation or individual can work towards achieving. Errol’s first aim can be to survive because it is harder for a sole trader in the first year to even survive as there will be more competition and other existing garages which could easily snatch away potential customers from Errol, if he does not employ the appropriate marketing strategy effectively. So therefore, Errol’s aim can be to offer good customer service so that the costumers come back.  Afterwards, when Errol is stronger he can then focus on improving on service and then even gaining profits.

Task 1

There different types of marketing media that will be available for Errol Anderson

Motors.

The potential costumers do not yet know about Errol Anderson motors because it will be a newly established business. Eventually the public will be familiar about this new firm through marketing media. Customers and businesses correspond with other through marketing media.

The term marketing media comes under promotion in market mix. Promotion comprises the methods used to bring product to the attention of the costumers and to sell it to them. This means advertising and promoting the product. Promotion goes under 4 types of headings and these are public relation, direct mail, advertising and sales promotion. However, the promotion that Errol will be looking for in marketing media us advertising. The main purposes of advertisings to communicate and businesses have to pay for this. This is sometimes called ‘ABOVE – THE – LINE’ promotion and uses any kind of advertising that targets a wide range of people such as television, magazines, radio, cinema, news papers, posters, leaflets and the internet.

There are many different types of marketing media available to Errol Anderson to help promote his business. The categories include; visual, audio, printed and out door.

Here are the lists of different form of marketing media needed for Errol example of it is in the spider diagram.

Visual marketing media are effects with our eyes to illustrate or accompany something.

        Boarding in cinemas

                Sponsor ships

Transport media

        Computers

        Televisions

        Magazines

Banners

        Billboards

        Posters        directories

        Notice boards

Audio media is related to hearing or sound especially when recorded, transmitted or reproduced.

        Radio

        Internet                                        

          Tannoys

        TV

                                      Cinema

Printed media is produced by a mechanical process involving the transfer of text or designs to an objects

        

        Boarding in cinemas             transport Medias (e.g. cars, busses)

        Newspapers

Yellow pages

        Leaflets

        Magazines        

        Signs at shops

        Notice boards        Business cards

        Out door media is a type of media which is outside in the environment and isn’t presented inside a building.

        Transports (busses)

                                                                                          Boarding in sports places

        (Football pitches)

        Banners

        Billboards

        Posters        Bus stops

             Hot air balloon

        Notice boards

Before I begin to specify the types of marketing media appropriate for Errol Andersons motors I would like think about some of the factors.

The first factor is money (capital) without money it is impossible for Errol to advertise his business as we already know Errol is setting a small firm not a big one so therefore, the capital in his pocket will be quiet tight. The second factor Errol needs to look at is the amount  of coverage needed obviously Errol doesn’t need to advertise his business to the entire country so therefore Errol can forget about using national TV as one  of his marketing media as it the entire country watches it. It is also very expensive. So therefore, Errol needs to target people in harrow to come to his carwash it will be much more reliable to advertise his business in the local newspaper and local monthly magazine as it would be much more cheaper as well. Lastly, Errol needs to think about the message of the advert does Errol want his advert to be informative or persuasive or both???? Informative advertising means that it gives information for example, government advertises on the television to inform families about benefits that are available, such as tax credits. Persuasive advertising means it tries to influence the potential costumer and convince them that they ought to buy the product or use the service. Therefore, the way Errol delivers his message is related to his target audience in order to make it as appealing as possible.

The cheapest and the most effective methods will generally be the most appropriate and efficient methods of promotion for Errol Anderson Motors. Errol needs to have a reasoned and crucial judgement and a very wise decision to apply the most beneficial marketing media. This is because certain types of marketing media suits a certain business for e.g., ford focus may use national television, as it suits their criteria. Whereas, a small business like Errol Anderson motors might use posters as it suits their criteria. The different types of marketing media which can be suitable for Errol Anderson include; leaflets, business cards, magazines, transport media, banners, internet and yellow pages.  

Leaflets are a printed Sheet of paper containing information or advertising and usually distributed free. Its can come any form or size and it usually has a lot of information more then business cards. It also contains pictures and is colourful. Leaflets can contain any thing from cars to health and medical issues. It is a thin sheet of paper so it can be folded up and it doesn’t take up a lot of space to store it. This can be a useful media for Errol because it will tend to contain the right information about what Errol Anderson motors will provide. Therefore the costumers will know before going to the car wash what type of service Errol Anderson provides.

Business card is a small card printed with one’s name, occupation and business address it also contains phone numbers and other information about the business. Conventionally, business cards were just plain with black fonts and black background however; it has now changed as some of the business cards are more attractive with bright colours. It is also formal way of sharing out business information. It is small and is easy to keep in the bag (store).


A magazine is a periodical articles and illustrations it contains information about pop stars, celebrities, sports people, musicians and even businesses. Local Magazines are also used to advertise in, such as the monthly borough magazine. It is very effective because it catches people attentions while they flick through the pages. If Errol advertises in a specialised magazines it is more liable because the readers will be interested in cars and may well be interested in hi his business as well. This depicts that more costumers will come forth.

 A poster is a large printed picture or a notice used for decoration or advertisement. It is usually large and immense; it’s brightly coloured and has pictures and large fonts on it so that it catches the potential costumer’s attention. Errol can pt brightly coloured posters all around harrow but especially around the residential area near his business hopefully many people will respond to this. This is a great choice as the cost is very low and obviously there is always going be a response so this marketing media is very efficient.

We sometimes see graphics on the cars (transport Medias) such as AA (driving school). This is a form of advertising can attract more costumers as Errol is driving in the street. The type of business which is more likely to use this media is a business that needs to transports goods in and out of the country such as supermarkets like Asda, Sainsbury. Other examples can be retailers such as M&S, Boots and so on. However, this type of marketing media can be quiet costly, then again Errol needs a car.

 

Banners are a long or big strip of cloth or cardboard with a slogan or design (Errol can design some thing). It is like a poster with large printed picture or a notice used for decoration or advertisement. It is also very colourful. Banners are used by business that likes to attract attention. An example of the use of banners is the market; we often see banners showing us where the Sunday market is. Errol can also do the same by making banners and attracting potential costumers; again it’s brilliant pretty much like poster and of low cost.

Yellow page is a large book full of information about several of business. The directories are usually published annually and distributed for free to all residences and businesses within a given coverage area. Businesses can put up their advertisement in the yellow page by paying. Since the mid-1990s, there has been a trend among Yellow Pages publishers to add four-color printing for some advertisements. Many publishers also offer the option to have advertisements appear with a white background to make them stand out more. This is a great form of advertising because Errol’s potential costumers will look straight into the category of cars or garage and therefore, will respond to the advertisement.

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The internet can provide a good range of information about every thing even businesses. Many people advertise from different companies and businesses in the internet some people pay and put the advert in the first page but there is also the free page where you can advertise. Bigger companies have their own websites  whereas, smaller companies will have to use  and advert their business there. This again will be a great form of advertising because many people research their needs on the internet so therefore, many people will respond to Errol.

For each type of ...

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