Dynamic pricing strategies

Assignment Help Operation Management

Reference no: EM131764520

Marketing Mix Of Lake Health Hospital wellness Center

Product Strategies

Product Definition

In this section, describe the products/services that you will be marketing online for this campaign.

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Price Strategies

Static Pricing Strategies

In this section, discuss your normal pricing strategy.

Dynamic Pricing Strategies

Dynamic pricing strategies are non-traditional or innovative ways to generate sales. In this section, describe any dynamic pricing strategies that you use or plan to use including nontraditional pricing strategies like auctions, reverse auctions, ”free” products that help build market share or e-mail lists. Other options include bundling, quantity discounts and multiple price lists.

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Online Distribution Strategies

Distribution strategies impact where the consumer can find your product. It is critical to select a delivery mode that provides reliable, prompt delivery and one that makes sense for your product or service type.

Discuss your distribution strategy. What intermediaries will be used? What method of delivery do you plan to use? Who will you partner with to facilitate the flow of goods? How will the flow of information and funds work? Can you change anything to increase end user value?

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Online Branding Concepts/Objectives (Start of your promotional plan)

Brand Positioning Statement.

What is your brand positioning statement? You will get a brand positioning statement from your clients. This is what they think. If you disagree with that positioning strategy let them know. What is more important is what the customer thinks about the brand. The difference between what the company thinks and what the customer thinks is a very important gap. Your job in this section is to provide a plan on how you will close the gap. You might use different positioning for different target markets.

Creating/Supporting a Brand Image Online

In this section, describe how you will use the Internet to build brand image. How do you plan to create/support the organization’s brand image? Is the value promised consistent with value delivered? Is there something unique about your product offering that you can use to your advantage in terms of branding? If you are offering something that is not unique, how do you differentiate your product or service from your competitors in the eyes of the consumer?

Maintaining Brand Image/Branding Concerns

In this section, discuss how you will maintain your brand. Are you delivering what the customer expects or are you making promises that you can’t keep? How do you plan to keep your brand “fresh” in the eyes of the consumer? How do you propose to consistently maintain your brand image?

Reference no: EM131764520

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