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This detailed marketing analysis report covers the SingTel Mio Plan, targeting families and users of separate plans. It delves into product levels, pricing strategies, distribution channels, store locations, online presence, promotions, and more.
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MIO PLAN MARKETING ANALYSIS DONE BY: NACHAMAI ZI JIAN YI JIN HSIAO YU HASYIMAH
SingNet BroadBand SingTel Fixed Line SingTel Mobile
Target Market Strategy • Families • SingTel users using separate plans • Non-SingTel Users
Levels of Product Augmented • For the Basic User • For the Savvy User • For the Busy Executive Actual Core • Fixed Line • Mobile • Broadband
Mio Plan TT05- Principles of Marketing Project
Levels of Product Augmented • For the Basic User • For the Savvy User • For the Busy Executive Actual Core • Fixed Line • Mobile • Broadband
Augmented Product • Customize Your Plan! • Exclusive Discounts on Mio TV! • Attractive Discounts on Supplementary Lines! • Annual Handset Upgrade • Dedicated Mio Hotline • Consolidated Billing
Marketing Objectives • Target Market and Positioning • Families • Wide range of choices • Market Share Leadership • Asia’s leading telecommunications company • Owns shares in many regional operators
Marketing Mix Strategy • Non-price Costing • Different plans Different users • Based on their needs • Targeting Costing • Starts with ideal price based on customer’s considerations.
Marketing Conditions • Oligopolistic Competition • Few competitors • Price adjustments Stay competitive • Difficult for new competitors to enter the market VS
Product Mix Pricing Strategies • Product Line Pricing • Different plans catering to different needs with different prices • Product Bundle Pricing • Bundle up 3 services for 1 standard subscription price
Multi Distribution Channels • Indirect marketing channels 1.SingtelDealer (small Shops) Consumer 2.SingtelExclusive Retailer Consumer • Direct marketing channels 3.SingtelConsumer
hello! STORE • West- 2 shops • North-2 shops • East-3 shops • Central- 4 shops
SingTel Exclusive retailers • Central -22 shops • West-16 shops • North -26 shops • East -31 shops
Location • Locate stores in proportion to population in each area of Singapore • Strategic Location in every part of Singapore • Aims to grab non SingTel customers to be interested in signing contract with SingTel • To stay competent (Starhub)
Exclusive distribution • Advantage : SingTel obtains more loyal and dependable and dealers obtain stronger support from SingTel • More exclusive retail stores than concept stores 1) Save rental cost 2) Bigger margin returns
Analysis… • Within parameters near MRT station • Convenience Factor • Snatch market share • Made Services available for potential customers • Shoppers • Direct Walk in customers
Store layout Payment Counter Customers Service counter Phone Dummies CustomersService counter Latest promotion poster Information Counter Handphone display Entrance
Evaluation(Advantage) • Red & Black Shop Theme color • To create image in customers mind • Plays lively music to create ambience • Create lively ambience to enhance shopping experience. • Strategic standing position • Shop Location within parameters of MRT station • Interactive Kiosk • Attract Attention
Interactive tour to understand what is Mio all about. • Visual interface for buyers to explore the different Mio bundles • Online calculator • Aims to portray their bundle plans are worth the money
Analysis • Products displayed in Catalog • Customer understand about product at one glance • Online submission • Convenience for plan subscription
Trade Fairs participated • IT Show • PC show • Great Singapore Sale- Road Shows • COMEX • SITEX
Analysis • SingTel make use of platform provided to showcase Mio plans and bundles • Recognize the regular crowds in every trade fair. • Recognize the motive of every customers for going to the Trade fairs.
Advertising • Informative • “There’s a new way to connect to everything you love at home and beyond.” • When 1st introduced • Provides information • Persuasive • “It’s all about teamwork.” • Persuading customers to buy the package
Sales Promotions • Tools - Consumer • Price packs • Combine fixed line, mobile and broadband services - Enjoy greater savings • Many alternatives based on customers’ needs • - For The Basic User • - For The Savvy User • For The Busy Executive
Premiums • FREE VoiceMail for first 3 months • 5% off your mio TV programme charges • Patronage rewards • Red rewards • 1 year membership offers privileges such as: • half-yearly rebates on your SingTel bills • hello! Stores vouchers
Tools - Business • Conventions and Trade shows • SingTel Megafair 2007 • SingTel-IT Show 2009 Broadband Bundles • SingTel Christmas Fair 2007 • find new sales leads • contact customers • introduce new products • meet new customers • sell more to present customers • educate customers
Public Relations • Collaborates with MDA & Ngee Ann Polytechnic • establish Singapore as a global media hub • develop local broadcast media solutions and talent • practical experience in live broadcasting environments at the BIC • New modules • Courses for professionals
Formula 1 SingTel Singapore Grand Prix • Reach customers and non-customers • Good image • Favourable publicity • Benefit in long-run
Direct Marketing • Online marketinghttp://home.singtel.com/singtel/index.html • Wealth of information • Latest updates • 24/7 • Fast and easy to obtain information • Kiosk marketing • present information about their product lines • Eliminate the time wasted • Fast and easy to obtain information
Home visits • Personal Selling • SingTel Christmas Fair 2007 @ Ngee Ann City • Sales forces act on behalf of • Manage personal customer relationships • Find & develop new customers • Communicate information • Customer satisfaction and company profit
Recommendations • Offering customers an Integrated Wireless Modem when they subscribe for Mio Plan. • Allow customers to accumulate unused talk time and SMS. • Push Cart Store
Citations http://farm4.static.flickr.com/3197/2701062841_f3b5057dc3.jpg http://www.np.edu.sg/soe/news/Pages/20090615_ECE_SingTelMOU.aspx http://home.singtel.com/mio/mio_plan_features.html http://home.singtel.com/mio/mio_plan_plans.html http://home.singtel.com/mio/index.html http://financial-horizons.org/asian_family_on_computer.jpg
Citations http://www.appxolute.com/ax/images/logo_starhub.png http://home.singtel.com/mio/i/mp_about_imgb.jpg http://www.portraitworkshop.com/gallery_caricatures_portraits/other_talents_gallery/irzan_jamingan.php http://www.hardwarezone.com/img/data/articles/2008/2597/singtel_04.jpg http://www.hardwarezone.com/articles/view.php?id=2837&cid=18&pg=14 http://www.hardwarezone.com/articles/view.php?id=2936&cid=18&pg=16
Citations http://www.hardwarezone.com/articles/view.php?id=2592&cid=18&pg=12 http://farm4.static.flickr.com/3144/2427161661_b1dbea394f.jpg?v=0 http://www.lyngsat-logo.com/hires/ss/singtel.png http://www.trexi.com.sg/pics/3corporate/starhub_green.gif http://home.singtel.com/mio/i/mp_about_imgb.jpg http://www.hardwarezone.com/articles/view.php?id=2936&cid=18&pg=16
Citations http://www.ci.yuma.az.us/Images/General/ss-10720051-piggyBank.jpg http://home.singtel.com/mio/mio_home.html http://en.wikipedia.org/wiki/Singtel http://files.lesterchan.net/photos/singtel/hello_jp2/outside_view.jpg http://www.moblog.com.sg/blog/paulcsc/img/51998736-931A-4291-8B3E-48471256CBD5/DSC06228.jpg