Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Marketing Management Expert

Question:

I propose a clothing company. Not just a typical clothing business, one that will keep customers coming back to make new purchases monthly. I will have a team of partners who will help me with making sure the production of these products is on-point and that we have all of the latest trends incorporated with our designs. We will have two ways a customer can shop on our site. They can choose to be a member of our club (Fabangels) or they can choose to stop by our website every now and then. Most of our customers will choose to be members of our club so that they will get great perks such as discounts and a personal stylist. They will also get coupons to shop on our site for their birthdays and periodically throughout the year. Special terms will be in place to encourage the customer will return by the 5th of the month. If they choose not to shop on our site by the 5th of the month, their credit card will be charged if they don't click on skip this month.

My team members and I will also do a blog to help us communicate with our club members to find out what kind of designs they would like to see in our collection. We will also include healthy diet recipes, work out material suggestions, and fun ideas that they can do on their own or with their friends. I will also try to recruit people who shop at Fabangels to sell the clothes on their own and make a percentage of the profits of what they sell. The recruits can choose to get paid in cash or in merchandise.

As club members shop, they will earn points according to the amount they spend to earn free outfits that are customized just for them by their personal stylist. This will encourage the customer to spend more money so that they can earn more points for free merchandise. A customer who is not a member of the club will not earn points or receive coupons for future purchases. Customers who are members will get a digital catalog every month and choose one new outfit for half of the price of retail, or their credit card will be charged $50 that can be used at a later time on future purchases.

MISSION STATEMENT

What makes Fabangels different from all the top brands? Every woman should be ale to afford great quality, great fit, great fit, and great styles. Fabangels makes sure that every woman with every body-type can find a style that is easily accessible, comfortable, and trendy. It is my mission to provide you with state of the art fashion that is comfortable, stylish, and always fits your budget.

Within one year, my goal is to have 1,000 online members in the Fabangels membership club. Since we will have outfits starting at only $59.00, I plan to make at least $708,000. I'm sure that we will make more money than that because the outfits can be as much as $100. If a member purchases an outfit for $100 once a month for 12 months, that's $1,200 that we can invest back into the business. Possibly before the year is over, the company will have much more exposure and I plan to have double the amount of Fabangel members and I could branch out and start selling more products, or even a children's clothing line.

Marketing Management, Management Studies

  • Category:- Marketing Management
  • Reference No.:- M91386934
  • Price:- $35

Priced at Now at $35, Verified Solution

Have any Question?


Related Questions in Marketing Management

Question digital storytelling is a popular phrase and

Question: Digital storytelling is a popular phrase and component of IMC right now. At the root of PR 101 is storytelling. That is, how do you make your product or person or organization which you are pitching to reporter ...

Learning outcomethe completion of this assignment requires

Learning Outcome The completion of this assignment requires you to demonstrate the ability to: - Demonstrate from relevant research literature, a sound understanding of contemporary perspectives of the strategic role of ...

Question bulltype of paper assignmentbullsubject

Question: • Type of paper Assignment • Subject Other • Number of pages 1 • Format of citation Other • Number of cited resource s0 • Type of service Writing from scratch First, choose a piece of art from any genre (music, ...

Question in your marketing plan you should1establish a

Question: In your Marketing Plan, you should: 1. Establish a Mission Statement and a Vision Statement for your new organization. 2. Briefly describe basic services it has been providing during the first six months of ope ...

Question a explain the differences between legal and

Question: (a) Explain the differences between legal and ethical behavior in marketing. Identify factors that influence ethical and unethical marketing decisions. (b) What do you think about companies incorporating social ...

Question case studies are an important learning strategy in

Question: Case studies are an important learning strategy in business classes as they provide an opportunity for you to critically analyze events that have taken place in real-life businesses. This develops your critical ...

Marketing research assignment -1 case study - read the case

Marketing Research Assignment - 1. Case study - read the case and answer the questions which follow: Case - Your Supermarket Is Spying on You Tesco, one of the biggest supermarket retailers in the United Kingdom, has a w ...

Question people feel better when they think they are

Question: People feel better when they think they are getting a great bargain when they shop. Knowing this, some retailer's markup items above the traditional retail price and then offer a 60 percent discount. If they ha ...

In what way might the construction of roads by government

In what way might the construction of roads by government authorities lead to negative externalities? [Hint: How far might one need to go to the nearest grocery store to one's home in Hong Kong, Manhattan, or Singapore, ...

Strategic marketing proposal report with 1500

Strategic Marketing Proposal Report with 1500 words Assessment description You are the Marketing Development Team of a global organisation. Your team is to plan for an integrated marketing communications launch of a new ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As