Documente Academic
Documente Profesional
Documente Cultură
Maria Shahid
(EMBA 2K17)
IMC Plan for Tirich Sportswear
Research:
Before launching the Tirich brand, it is vital to take into consideration the environment around
the business. By looking at Tirich sportswear strengths, weakness, opportunities & threats. We
can further determine influences that can hurt the business, but also those may make the
business successful.
Primary Research:
Strengths:
1. High quality Product
2. Multiple use
3. Location (elite class living access)
Weakness:
4. More expensive than most of the market
5. Comparable price in terms of quality
Opportunities:
1. Potential to reach many age groups
2. Opportunity to expand
Threats:
1. Many local products (ELO, Daraz etc)
2. No established customers
Secondary Research:
It includes the public surveys & interaction with local business chambers / Business review
forum.
Surveys:
Many surveys with potential customers may be planned through social surveys, public
interactions etc.
Objectives:
1. Profit of at least Rs. 1,000,000 with in fiscal year.
2. Create 80% awareness of Tirich brand among the community.
Especially in this social media era, linking product development up with marketing creates
many new opportunities. There are plenty of examples, such as the Swiss watch manufacturer
Omega. The brand offered a special edition of its luxury watches up for sale on Instagram,
selling out within four hours.
Another example is Nike, dedicating products to its athletes and trying to incorporate their
characteristics and special features into the design.
As currently Tirich does not have any significance in the market and many other players do
exist in market such as thesportstore.pk and export left over (elo) which are leading online store
in Pakistan in sports out wears. A marketing campaign which needs to be initiated to have the
awareness about the brand to is the most important business objective at the moment. We need
to have a unique value for the consumers so that they can opt for us.
Platform:
Being a startup, major thing which comes in the way of marketing campaign is the budget. So
with the limited resource, the best possible way for Tirich to launch a marketing campaign is
to go with social media channel. Tirich should start focusing on facebook, instagram and other
platforms by increasing the awareness of their brand.
Target Audience:
Another thing which we need to encounter is the demographics and target audience to whom
we will provide this knowledge. Sports wears are mostly use by the young generation who have
access to the information and can find all the available sources to get hands on experience. So
we will explain all the details of our products on facebook & instagram which will have the
access to the main website through which they can order. Not just the website, consumers can
order their products through direct message. We need to be prompt in the response to any
product and within few minutes order should be booked.
Evaluation:
After making your message clear that we are the new market entrant with best quality sports
wears in best price, now we need to take charge of converting potential customers into
consumers and existing consumers to rebuy from us. To make sure we need to keep on bugging
consumers about our need products. We can get endorsement from the celebrities as well but
to reach at that point we need to make our presence in the market.