Wednesday, January 9, 2013

Monday, December 10, 2012

Week 9 EOC: My Mission Statement


Mission statement

“A statement of the organization’s purpose—what it wants to accomplish in the larger environment.”(Marketing: An Introduction. Armstrong/Kotler pg. G10) Our mission for "LIVE" is to provide the consumer with a smooth and clean tasting vodka. The water from the natural hot spring of Cougar out of Oregon  helps 'LIVE" keep  you hydrated while you drink it which in return when consumed in maturation lowers the possibility of a hangover.  The lightly sweet amethyst  color candy shards also add just a light touch of flavor,  so when someone ask you if you love it, you'll simply reply "No! I LIVE!!! "Finally, a company’s mission should not be stated as making more sales or profits—profits are only a reward for creating value for customers. Instead, the mission should focus on customers and the customer experience the company seeks to create. .”(Marketing: An Introduction. Armstrong/Kotler pg. G10)

Thursday, December 6, 2012

Week 8: Impletmention Evaluation Control... Final

"Companies generally create yearly marketing plans, although some plans cover a longer period. Marketers start planning well in advance of the implementation date to allow time for marketing research, thorough analysis, management review, and coordination between departments." (Marketing: An Introduction. Armstrong/Kotler pg. mp2) 




"The product adoption process is made up of five stages: awareness, interest, evaluation, trial, and adoption. New-product marketers must think about how to help consumers move through these stages"(Marketing: An Introduction. Armstrong/Kotler pg. 168)

Week 8: Price... Final



“The objective is to maximize profits, not sales. Therefore, the company must weigh the benefits of providing higher levels of service against the costs. Some companies offer less service than their competitors and charge a lower price. Other companies offer more service and charge higher prices to cover higher costs. (Marketing: An Introduction. Armstrong/Kotler pg. 330) There are two different price rates for "LIVE" vodka. If you are purchasing "LIVE" for the first time, the package for the beginner would be, the tall lightly frosted 750ml bottle and its chilled plate with plug in cord starting at 49.99. The reason being slightly higher then a regular or replacement bottle is due to the chill plate. Keep in mind the replacement bottle is ten dollars cheaper at 39.99 but does not come with the chill plate to keep the vodka chill to the serve. We do realize this is a slightly higher price vodka then most you can buy in a local grocery store but we feel strongly on our product and know once the consumer taste the difference in 'LIVE" then any other vodka they well come back for more. "Price is the only element in the marketing mix that produces revenue; all other elements represent costs. Price is also one of the most flexible marketing mix elements. Unlike product features and channel commitments, prices can be changed quickly. At the same time, pricing is the number-one problem facing many marketing executives, and many companies do not handle pricing well."(Marketing: An Introduction. Armstrong/Kotler pg. 276)

Week 8: Distribution... Final



“Some companies state their logistics objective as providing maximum customer service at the least cost. Unfortunately, no logistics system can both maximize customer service and minimize distribution costs. Maximum customer service implies rapid delivery, large inventories, flexible assortments, liberal returns policies, and other services—all of which raise distribution costs. In contrast, minimum distribution costs imply slower delivery, smaller inventories, and larger shipping lots—which represent a lower level of overall customer service.” (Marketing: An Introduction. Armstrong/Kotler pg. 330) Our main distribution location is base out of west Las Vegas Nv. with a few small locations through out the U.S. The reason for the smaller ports is to meet the demands for the larger cities and the special events that we work with though out the year. Here at 'LIVE" we distribute to night clubs, liquor stores, major city airports, and specialty end grocery stores.  Over time we have built close relationships with a few non profit organizations and work out a deal where they do not sale any other vodka during there events and fund raisers and in return we sponsor them with items just as 'LIVE" ice bends and trash dispensers with our logo on them. We also have a similar relationship with other "party" groups as Palm Springs, White Party, and Las Vegas, New York Matinee Party. So not only do we distribute our vodka we also offer the distribution of display items and special services   " Many producers and wholesalers like to develop exclusive channels for their products. When the seller allows only certain outlets to carry its products, this strategy is called exclusive distribution. When the seller requires that these dealers not handle competitors’ products, its strategy is called exclusive dealing. Both parties can benefit from exclusive arrangements: The seller obtains more loyal and dependable outlets, and the dealers obtain a steady source of supply and stronger seller support" (Marketing: An Introduction. Armstrong/Kotler pg.328)

Week 8: Promotion... Final

"Integrated marketing communications ties together all of the company’s messages and images. The company’s television and print advertisements have the same message, look, and feel as its e-mail and personal selling communications. And its public relations materials project the same image as its Web site or social network presence. Often, different media play unique roles in attracting, informing, and persuading consumers, and these roles must be carefully coordinated under the overall marketing communications plan."(Marketing: An Introduction. Armstrong/Kotler pg.382)  We are bless to have a great promotions team and group of close celebrity friends that work with us. A few of our promotion gimmicks have to do with celebrities such as Playmate and reality tv star Laura Croft, Chippendale spokes man and reality star Jaymes Vanughan, and Chennel 8 News anchor Chris Saladnia to be seen drinking and social networking pictures of themselves with our product. We also have a team set aside just who sole propose with the company is just to social network through myspace, facebook, twitter and instagram. Along with those tacktics we have good looking models that walk around a few of the night club vendors and hand out complementary shots through out the night. Through the help of our social networking we have built up close relationships with many special event parties that happen through out the year and offer special sponsorship packages to promote our vodka only at these events.  " Clearly, sales promotion plays an important role in the total promotion mix. To use it well, the marketer must define the sales promotion objectives, select the best tools, design the sales promotion program, implement the program, and evaluate the results. Moreover, sales promotion must be coordinated carefully with other promotion mix elements within the overall integrated marketing communications program."(Marketing: An Introduction. Armstrong/Kotler pg.438)