Click - How to market a monthly photography magazine in Nepal

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HOW TO MARKET A MONTHLY PHOTOGRAPHY MAGAZINE IN NEPAL 5 TH AUGUST, 2011

description

This is a presentation created as part of a college assignment for the Marketing Management module.

Transcript of Click - How to market a monthly photography magazine in Nepal

Page 1: Click - How to market a monthly photography magazine in Nepal

HOWTO MARKET A

MONTHLY PHOTOGRAPHY MAGAZINE IN

NEPAL5TH AUGUST, 2011

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PRESENTED BYCHETEZE + KARISHMA + ROSHANI + SAMEK +

TENZING

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MARKET SUMMARY

• Marketing Research• Market Needs• Market Trends

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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

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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

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COMPETITION

• Daily newspapers• Established Magazines• International websites and publications

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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

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• Financial Objectives– To achieve a double figure growth for the first five

years– To increase profit margin through efficiency and

economy of scale

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MARKET SEGMENTATION

• Geographics• Demographics

– Age– Income– Lifestyle

• Pyschographics– Innovators– Achievers– Experiencers– Creative Thinker

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TARGET MARKET

• High Income Customers• Photography Enthusiasts• Travelers• Service providers

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BRAND DEVELOPMENT

• Brand Development• Positioning

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MARKETING MIX

• Product• Price• Place• Promotion• Strategic Alliance

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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

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CONTROL

• Revenue• Expenses• Customer Satisfaction level• Market penetration• Improvements in product offerings

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IMPLEMENTATION

• Preparation of mock magazine• Advertisement campaigns• Distribution channels

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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

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THANK YOU FOR LISTENIN

G