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A SWOT analysis shows all of the strengths, weaknesses, opportunities, and threats to the company or product. The graphic below outlines the main strengths, weaknesses, opportunities, and threats for Roxie.
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Roxie would thrive in large urban cities such as Chicago, Denver, San Diego, etc.
There are more opportunities to advertise a product within a large city, while smaller towns tend to stick to their usual brands and are less likely to branch out.
PESO Model
The PESO model is one way to understand how different marketing channels work together to reach consumers during their shopping journey. The acronym stands for paid, earned, shared, and owned media. Each channel is unique and has its own set of strengths, weaknesses, opportunities, and challenges. We created a PESO model to show our recommendations on how to best utilize each type of media.
Paid Media
Paid media is any media placements you pay for, e.g., paid search, display ads, paid social marketing, TV ads, etc. When developing a media plan, paid media is important because it allows for specific, controlled messages to be distributed that amplify, reach and generate brand exposure and credibility. Below is our suggested breakdown of the $5 million budget and what areas that money should be distributed.
Earned Media
Earned media is comprised of press coverage you get without direct payment, e.g., mentions in media, blog posts, etc. As Roxie gains popularity and knowledge of the brand is increased, customer engagement with Roxie will rise. As more people try Roxie, the beverage will gain more publicized reviews and will build credibility. Overall, gaining credibility through earned media will help attract other potential customers to the brand. The reviews that will create the most impact are blog reviews, organic mentions of Roxie, and unpaid influencer reviews.
Shared Media
Social media is any content that is posted on social media channels that isn’t promoted or boosted. It is the most important tool for marketing, advertising, and communicating for a company.
Roxie will Increase Shared media with:
Owned Media
Owned media is the content that is posted on channels the company owns and controls, e.g., websites, blogs, apps, etc. Roxie’s website serves primarily as experimentation for the brand currently, so the key would be to follow up with thoroughly published blogs and ads for social media. Maintaining a balanced use of major social media platforms is critical for Roxie to succeed which seems to be lacking presently.
Quarter 2: April - June
April:
May:
June:
Quarter 4: Oct. - Jan.
October:
November:
December:
January:
The proposed plan, will guarantee that Roxie Zero-proof mocktails are well-received by our intended audience of gen-z and millennials.
Once the target market is receptive, consumers will be easily influenced to make the transition into choosing Roxie over alcoholic beverages.
The objectives we have set will be met and will optimistically increase sales, along with brand awareness by 30% in 2023.
Check out the full report and references here!