Click - How to market a monthly photography magazine in Nepal
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Transcript of Click - How to market a monthly photography magazine in Nepal
HOWTO MARKET A
MONTHLY PHOTOGRAPHY MAGAZINE IN
NEPAL5TH AUGUST, 2011
PRESENTED BYCHETEZE + KARISHMA + ROSHANI + SAMEK +
TENZING
MARKET SUMMARY
• Marketing Research• Market Needs• Market Trends
SWOT ANALYSIS
Strengths• Competent and
enthusiastic team with strong knowledge and experience
• Creative yet practical product designers
• Strategic alliance with an established partner
Weaknesses• Reliance on outside capital• Difficulty in building brand
awareness• Difficulties in establishing
proper distribution channels
Opportunities• Very limited competition• Untapped market• Very large potential
customer base• Advancement of
technology, affordability of cameras
• People having more interest in art/photography
Threats•Future/potential competition from an already established market participant (newspaper,nepalphotography.com).•Increasing interest in videography
COMPETITION
• Daily newspapers• Established Magazines• International websites and publications
MARKETING STRATEGY
• Marketing Objectives– To achieve steady market growth by increasing
market shares and by moving into new markets– To acquire 1500 one-year subscriptions with-in one
year– To gain 1,000 one-year subscriptions through
organizations with-in a year– To have 1,000 two-year subscriptions in the first
year
• Financial Objectives– To achieve a double figure growth for the first five
years– To increase profit margin through efficiency and
economy of scale
MARKET SEGMENTATION
• Geographics• Demographics
– Age– Income– Lifestyle
• Pyschographics– Innovators– Achievers– Experiencers– Creative Thinker
TARGET MARKET
• High Income Customers• Photography Enthusiasts• Travelers• Service providers
BRAND DEVELOPMENT
• Brand Development• Positioning
MARKETING MIX
• Product• Price• Place• Promotion• Strategic Alliance
FINANCIALS
Print Revenue Online Revenue Subscription and Sales
Total Revenue Total Expenses One time Expenses
Annual Expenses
-
2,000,000.00
4,000,000.00
6,000,000.00
8,000,000.00
10,000,000.00
12,000,000.00
Series1
CONTROL
• Revenue• Expenses• Customer Satisfaction level• Market penetration• Improvements in product offerings
IMPLEMENTATION
• Preparation of mock magazine• Advertisement campaigns• Distribution channels
CONTINGENCY PLANNING
• Problem generating brand visibility• Negative perception of the product offerings• Entry by an already established player (daily
media or other magazines)• Failing to sustain the business• If liquidation become eminent
THANK YOU FOR LISTENIN
G