Professional Documents
Culture Documents
Romoni.com needs a strategic strategy to adjust and adapt how they lead their teams,
communicate with their clients, and handle their products in a crisis environment characterized
by rapid change.
It can be difficult to take the right actions and find the right message, particularly in a fast-
changing situation. Even when confronted with a rapidly changing situation, all businesses
should act with honesty and confidence. Those with a product or service that is well-suited for
tough times must tread carefully, should their customers believe they are profiting from tragedy.
Marketers can eliminate chance from the equation by thinking systematically about product,
price, promotion, and place. Marketers should use the 4 Ps paradigm and the idea of a marketing
mix to think about and develop an effective launch and marketing plan.
Product, Price, Promotion, and Place are the four Ps of marketing.
It's critical to grasp each of these four main elements before considering how they fit together to
form a completely fleshed-out marketing strategy.
Consider the organizational implications:
During this crisis, there are many challenges to product and service delivery. On one hand,
closed factories and disrupted supply chains result in decreased supply, while consumer
questions result in increased service demand on the other. Marketers must adjust their messages
to represent the realities on the ground while remaining true to the brand's values. I recommend
that the company take the following steps:
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millions of students who will be out of school over the summer. Even as you allow digital
options, keep in mind that some people will still need to hear a sympathetic human voice,
especially now, and be prepared to provide it.
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However, before you can start implementing the 4 Ps, you must first have a solid understanding
of your ideal customer and target market. After all, the aim of this exercise is to promote and sell
your product.
As a result, any discussion of product, price, promotion, or location should start with the
consumer. To bring the customer first, you must first get to know them. Conduct market analysis
and discover everything you can about your existing or future customers. Buyer personas, one-
page documents that cover the essentials of your ideal customer, are common among marketers.
What do they want, what do they care for, and who are they?
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• What sets it apart from the competition?
Answer no 2:
As the marketing consultant manager of romoni.com, I recommend that they create an integrated
marketing plan for their brand/company in light of the following situation:
The following are a few of the most common reasons or objectives that necessitate a company to
make one or more changes to its product mix:
1. Demand in the Market:
Marketers change their product blend to accommodate changes in demand for their products.
Technology, demographic variables, competitions, improvements in new merchandise, tradition,
characteristics, and a number of other factors all influence demand. To meet the changing needs
and wishes of current customers, the company makes a variety of changes to its product mix. If a
company fails to match consumer demand in product mix, it will not be able to survive in the
long run.
2. Interaction:
It serves a vital role in the modification of product blends. To counteract the rivalry, the
company creates a product mix. Minor or major changes to the product mix are made to avoid,
eliminate, or tackle competition. The company alters its product mix to offer more competitive
advantages and demonstrate the superiority of its product over competitors by product
differentiation.
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5. Market Expansion in New Territory:
When a company wants to expand globally, it must change its gift product mix. Patron wants and
needs are unique in exceptional geographical areas. As a result, the company must improve
existing products or add new styles to align products with new markets.
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• Give passersby or social media followers something to think about by presenting a fact or
riddle of the day, whether on your storefront or your social media accounts. You can even make
a contest out of it.
• Organize a community service day to get people involved in bettering the community around
you.
• Attract people to your website by turning offline features into online features, such as a
dressing room, drive up window, or tour.
• Hold a client appreciation barbeque to say thank you and how much you appreciate your best
clients. This is great for you and for them to network.
• Create an event that is out of the norm for your business and your customers, such as an adult
fun night for preschools or a kids create night for interior designers.
• Arrange for industry experts to come into your store to give talks or workshops about subjects
related to your business or important to your audience.
Answer no. 3
Pricing plays a major role in Marketing. It is an important tool in the 4 P's of Marketing. Due to
the Pandemic situation people fear to go out and make use of this online platforms to buy the
household things till the lockdown and once the government allows them to go out they
completely neglect the online platform and jump to the kirana stores, Departmental stores etc. To
retain the customers I should make sure that prices of products are fixed appropriately.
Various pricing approaches and strategies are available to the marketer. How do we find the right
pricing strategy for your products?
At first, it is essential to get an overview of pricing strategies. In the following, we will
investigate the most common pricing strategies in detail which is best for the company
romoni.com.
we have to choose best suppliers so that we can invest less in the products and sell that in
an affordable price so that all class of people can purchase
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Customers trust the company based on price and once they like the company the will
promote romoni.com through word of mouth which is a high level of promotion
If we price the product very less than it’s a loss for romoni.com so correct pricing should
be followed.
Answer no. 4
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3. Owned and earned media is where you create an account or channel in any of the social media
sites and earn considerable reach and control. Here you can leverage your own account or
channel for promotion.
Paid media on the other hand is leverage through third-party accounts. That is you are
approaching a third party who has enough popularity to promote your product for a given
payment.
In the case of an e-commerce company, both methods can be employed. In the initial stages, it is
advised to use the paid media to attract more customers and once the control has achieved it can
manage
Bonus:
The work of a salesperson is very important in any company whether it is small or big. Because
of its ability and skill, customers do research with a company. If i work as a salesperson then i
would like a company making electronic gadgets because i want to contribute in understanding
the technology and bringing it to the customers.
6 steps personal selling process:-
1. Prospecting: searching for prospect is prospecting. Prospecting is the work of collecting
the names and addresses of persons who are likely to buy the company’s products &
services. While collecting the details 'suspects ‘must be separated from 'prospects' to
avoid or reduce waste of time, treasure and talent.
There are denote methods of prospecting:-
a. Endless chain method.
b. Center of issuance method.
c. Personal observation method.
d. Sholters method.
e. Cold-canvas method.
F. Direct mail method.
g. Telephone method.
2. Pre approach: Pre approach is to get more detailed facts about a speciŜc individual to
have effective sales appeals in him or her. The objective of pre approach are the
providing additional qualifying information to design an effective approach strategy to
better the planning information to avoid serious errors and to build up confidence.
3. Approach: Approach means the meeting of the prospect in person by the salesman
where he makes face to face contact with prospect to understand them better. Approach is
such a delicate and critical stage of the sales process that the sales are either won or lost.
Success follows the salesman who possesses courage, courtesy and confidence.
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4. Presentation and demonstration: It is the heart of selling process. Effective
presentation has the capacity to convince the customers of his sales proposition. It create
and holds the interest of customers towards the products. Demonstration is a part of
presentation because more description is not enough. Demonstration is the critical part of
providing th proofs and providing the statements about quality, utility, performance and
service of a product by evidences of experiment, operation or a test.
5. Overcoming Objections: For a creative persuasive sales the process of selling really
starts when to prospect raises objections. Each salesman should understand the reasons as
to why prospects raise objections because each objection has its roots in the buying
decision. These objections may be genuine or mere excuses. Being a very critical aspect
the expert have a set procedure for overcoming. The objections namely listen to the
prospect cushion the jolt anticipated the objections and prevent their occurrence. It is the
creative test of bringing the customers to the sales trade once again.
6. Closing: The success in earlier stages will lead to the last stage of closing the sale and
clinch the deal. Here 'close' means the act of actually getting the prospects assent to the
sales proposal or to get an order. It is here that the prospect is turned into a customer
desire into demand. Though it sounds very easy, it is the most difficult task. It js the
positive attitude and self-confidence that plays a decisive role in converting wish into
desire and desire into demand. A poor loser is a poor salesman and salesman who cannot
close well will have to close the line.