Lululemon Marketing Plan

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lululem on athleti ca By Marla Sternberg

description

Marketing plan created for lululemon Athletica in the New Media Drivers License class at Michigan State University.

Transcript of Lululemon Marketing Plan

Page 1: Lululemon Marketing Plan

lululemon athletica

By Marla Sternberg

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Live a longer, healthier, more fun life

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GOALS + CHALLENGES

• Increase sales and brand awareness• Social media presence • Open stores in new communities• Increase participation at local events• Promote healthy and active lifestyle

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SOCIAL MEDIA

NOW: Facebook – 416,776 likesTwitter – 132, 474 followers

THE GOAL IS TO DOUBLE THESE NUMBERS

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GRASSROOTS

• Community service projects• Local charity events• Environmental awareness• Complimentary yoga/fitness classes

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GOOGLE ADWORDS• Pay-per-click advertising• Ranking and bidding• Local, national and international • Tracking tools

BEGIN USING THIS ADVERTISING METHOD

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PROMOTIONS + AWARENESS

• Birthday coupons• Discount with multiple items purchased• Rewards program for loyal customers• “Ambassadors” increase brand awareness • Yoga teachers• Personal trainers• Fitness instructors

KEEP THE CUSTOMERS HAPPY

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Metrics of Success

• Monitor social media• Revenue • Store and website traffic• Google Adwords• Participation at events

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BUDGET

• Social media – $• Grassroots campaign – $$• Google Adwords – $$$• Promotions and coupons – $• Brand “ambassadors” – $$

Total advertising per month:

Lululemon is known for its effective word-of-mouth advertising

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TIMELINE

• Participation in social media year-round.

• Google Adwords purchased during holiday season, spring and summer, and back-to-school months.

• Grassroots efforts year-round.