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Transcript of Work Experience Report
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Contents
Amy-Louise Chapman
Marketing Plan for Independent Boutique: The Wedding Workshop
LCF FdA Fashion Marketing and Promotion Yr 2
Term Two - Work Experience
Tutor: Tim Williams
Submission Deadline: 18th March 2011
Word Count: 2217/2000
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Contents
Executive Summery .............................................................................................................. 3
Introduction ........................................................................................................................... 3
Company Profile ................................................................................................................... 4
SWOT Analysis ................................................................................................................. 4
Competition ....................................................................................................................... 6
Industry Profile/Market Analysis ............................................................................................ 8
Word of Mouth Marketing ...................................................................................................... 9
Advertising .......................................................................................................................... 10
Advertising Research ...................................................................................................... 10
Advertising Expenditure ................................................................................................... 12
New Media Marketing ......................................................................................................... 12
New Media Research ...................................................................................................... 12
New Media Expenditure .................................................................................................. 14
Public Relations .................................................................................................................. 14
PR Event Budget ............................................................................................................. 15
Campaign Budget ............................................................................................................... 16
Total Campaign Spend .................................................................................................... 16
Absorption Costing .......................................................................................................... 16
Reviewing Campaign .......................................................................................................... 17
Conclusion .......................................................................................................................... 17
Store Owner Feedback .................................................................................................... 17
Appendix A- Market Research- Mintel 2009a ...................................................................... 18
Market Value and Forecast .............................................................................................. 18
Appendix B- Market research- Office of National Statistics ................................................. 18
Bibliography ........................................................................................................................ 19
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Executive Summery
The Wedding Workshop is a successful company in the heart of a market town in
Bedfordshire providing handmade bespoke wedding gowns. The Wedding Workshop have
approached new methods of marketing such as a Facebook fan-page previously and now it
is being suggested that they take this one further by trying more new media marketing
techniques.
Word of mouth marketing is relatively new to the UK and it is suggested as part of this report
as a suitable marketing method for The Wedding Workshop. It has also been suggested that
The Wedding Workshop host a public relations event in order to aid the word of mouth
campaign and to introduce potential new customers to what is possible from designer
Melanie Lambeth.
A total spend for the campaign has been set at £2240 for the year. It has been suggested
that this is absorbed back into the business via sales over a 12 month period; in order to do
this The Wedding Workshop would have to make an extra £3733.33 per month. This target
should be attainable because despite the recession the average spend on weddingwear has
remained constant and brides are more often saving their budget for the gown and
compromising on other areas of weddingwear.
Introduction
This report serves to detail how the Bridal boutique The Wedding Workshop will boost sales
and brand awareness via new advertising and marketing methods. New and up-to-date
marketing methods will be suggested alongside those currently used.
The main focus of this report will be on the use of Word of Mouth marketing methods, which
are a cheap and modern way to engage consumers. The report will also suggest other
methods of advertising and marketing relevant to the target market including the costs of
such advertising and absorbing these costs back into the company. Lastly there will be a
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section of the report that will detail a method for evaluating the success of any suggested
campaigns.
Company Profile
The Wedding Workshop is a bridal boutique in the heart of a small market town in
Bedfordshire specialising in custom made bridal gowns, bridesmaid and prom dresses. The
customer has a rare opportunity to have one-to-one contact with the designer and store
owner Melanie Lambeth to have the bridal gown of her dreams, with decision making
privileges from start to finish including fabric choices, cut and style. The customer is offered
a truly bespoke garment that will make her big day even more special. During the design
process the bride will be advised of the ideal fabric colours to match her skin tone out of a
selection of 20 and the most flattering cut of dress to enhance her best attributes
(http://www.weddingworkshop.co.uk/index.htm).
When first contact was made the store was doing well in terms of sales and the store is well
known in the area as it is in a prime location in the centre of town. The store owner Melanie
had been using a number of traditional marketing method such as print advertising in a local
magazine that goes out for free called The Wedding Planner and also wedding fairs in and
around the area as well as further out. Melanie had also started to approach new media by
having a modern and well-designed website and also a Facebook fan-page.
SWOT Analysis
Strengths
Good location in town- near to
adequate parking.
One of limited few boutiques offering
bespoke, handmade gowns.
Offers accessories.
Weaknesses
Price point may be too high for the
average bride.
Location is not prime shopping area.
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Attractive window displays and in-
store marketing.
Only bridal store for a 10 mile radius.
Opportunities
To promote area as a one-stop
location for wedding shopping for
example- florists and wine
merchants.
AB’s up by 19% by 2015
C1’s up by 8%
Because of the nature of wedding
dress purchasing, service is
extremely important, and this is the
unique selling point of the specialist
bridalwear shop.
Threats
Recession to hit the amount spent on
weddings later than other areas of
the market as they are usually
planned a year in advance.
Cuts in child benefit for higher income
families will affect the disposable
income of some women.
Rising unemployment levels further
affect disposable income levels.
Government spending cuts-
Cuts in housing benefits will reduce
income of poorer families affecting
the value clothing sector.
Public sector job cuts will reduce
disposable income.
Middle-market families most likely to
be affected by government spending
cuts.
Women seem to be hit harder in the
spending review than men- 65% of
public sector workers are women.
The proportion of the adult population
of England & Wales who are married
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is projected to decrease over the 25
year period from 2008 to 2033, falling
from 49 per cent to 42 per cent
Competition
The Wedding Workshop is well located in a small market town around 8-10 miles away from
the nearest main shopping areas. Competition in the area is small which is good in terms of
the local customers but also means that it is hard to get people into the area specifically for
bridal wear.
‘Competition to bridal specialists will increasingly come from other formalwear
retailers – including the internet – for all weddingwear, including bride, groom and
perhaps most especially the male/female attendants’ (Mintel 2009a).
The following is a breakdown of main local competitor’s strengths and weaknesses. These
points will be used to influence decisions made for The Wedding Workshop marketing and
advertising plan.
Competitor Strengths Weaknesses
After Dark- Woburn
Sands
8 Miles from
The Wedding Workshop
Stockists of Maggie Sottero,
Augusta Jones, Ronald Joyce.
Great location- popular town.
Provides alterations.
Offers mailing list and
Facebook page on website
www.afterdarkbrides.co.uk
Offers bridal gowns,
bridesmaid’s dresses and
evening wear.
Customers may not be
willing to travel to this area
for only one bridal store
unless there is something
they have seen online to
specifically view.
Does not offer bespoke
gowns limiting the chances
of individuality.
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Woburn Bridal- Woburn
8 Miles from
The Wedding Workshop
Stockists of Ronald Joyce,
Pure, Mori Lee, Sincerity,
Angelina Faccenda,
Romantica, Victoria Jane,
Bellice and Madeline
Gardner.
Provides mother of the bride
outfits, accessories and
eveningwear and prom
dresses.
Facebook page is visible on
website.
Great location with a number
of popular shops selling a
wide variety of products and
well publicised restaurants
and cafes. The area’s most
prestigious wedding venues
are on the doorstep of this
boutique-
www.woburn.co.uk/weddings
Somewhat old fashioned
website
www.woburn-bridal.co.uk
Does not offer bespoke
gowns limiting the chances
of individuality.
Customers may not be
willing to travel to this area
for only one bridal store
unless there is something
they have seen online to
specifically view.
Hitchin Bridal stores
15 miles from
The Wedding Workshop
Around 6 bridal stores
located in one market town
providing a key location for
wedding gown shopping.
Providing key bridal
designers.
Does not provide bespoke
gowns. Limiting chances of
individuality.
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Variety of choice.
One stop location for all
wedding needs such as
Florists and stationers.
Industry Profile/Market Analysis
The bridal wear segment grew by 20.8% between 2003-2008 and is worth an estimated
£262 million (Mintel 2009a). With their particular strength in bridalwear, independent retailers
comprise the single largest distribution channel, accounting for an estimated 31.2% of
weddingwear value sales. The entry of High Street brands into bridalwear has stimulated
demand at lower price points but counter to this is a growing interest in designer-end fashion
inspired by celebrity weddings and wider fashion trends. As a result, the market has seen
some polarisation in expenditure (Mintel 2007).
Influencing factors in the market include:
The challenge for weddingwear retailers is to adapt their trading strategies to cope
with the ‘double whammy’ of falling numbers of weddings and a likely drop in average
amount spent (Mintel 2009a).
Brides will make economies last on their own dresses, but are likely to look for
cheaper options for their attendants. Bridesmaids in particular may be asked to
finance their own dresses, which may mean more purchasing of prom-style/evening
dresses, or outfits that can be worn again (Mintel 2009a).
For brides, buying the dress is an emotional occasion and indeed an important ritual
in the whole wedding process. A bride-to-be will often shop with her mother and/or
other female relatives and friends (Mintel 2009a).
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Because of the nature of wedding dress purchasing, service is extremely important,
and this is the unique selling point of the specialist bridalwear shop. The
consultations and fittings are seen by many brides-to-be as an integral part of the
whole wedding ritual (Mintel 2009a).
The proportion of the adult population of England & Wales who are married is
projected to decrease over the 25 year period from 2008 to 2033, falling from 49 per
cent to 42 per cent (Office for National Statistics 2008).
Over the same period, the proportion of adults who have never married is projected
to increase, rising from 35 per cent to 43 per cent. Due to the overall projected
increase in the adult population between 2008 and 2033, the numbers of both
married and never-married adults is projected to rise, but far more for those who
have never married (Office for National Statistics 2008).
Word of Mouth Marketing
‘On average we are bombarded with 3,000 marketing messages a day. But just 14% of
regular campaigns now have any effect, according to marketing week’ (Winterman).
‘The beauty of word of mouth, it’s raw, real, direct and genuine… it is the consumer talking,
not the brand’ (Winterman).
With more consumers doing pre-purchase research online, the technologically aware are
increasingly in demand to give guidance to friends and acquaintances about the best
sources of online advice and information. Recent purchasers are important ambassadors for
brands, as their experiences may be sought by people contemplating similar purchases. This
underlines the importance of ensuring satisfaction with all elements of customer service, as
well as with the product itself (Mintel 2008).
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Word of mouth marketing is the perfect marketing tool for The Wedding Workshop as a one
off purchase like a wedding gown often requires family or friends offering advice and
recommendations. These recommendations will come from providing great customer
service, quality garments and special offers.
It is suggested that The Wedding Workshop set up a marketing email aimed at previous
customers to maintain contact and perhaps offering a discount when the customer
recommends a friend boosting the possibility of new customers. It is also suggested that The
Wedding Workshop enter into collaboration with other local businesses to boost sales for
each other and to also boost word of mouth recommendations for one another. This will also
provide customers from surrounding areas with a one-stop destination for wedding shopping.
It is suggested that collaboration be made between bridal boutique The Wedding Workshop
and the restaurant Fratellis where every bride that attends The Wedding Workshop for a
consultation will receive a percentage off of a meal at the restaurant from either their express
lunchtime menu or £10 favourites menu (http://www.fratelliampthill.co.uk/). It is also
suggested that The Wedding Workshop work in collaboration with the local florist Maxine’s
and also the local wine merchants Cambridge Wine Merchants where each company in turn
recommends one another for example on each other’s websites and in store with flyers
boosting the opportunity for word of mouth recommendations by a larger amount of people.
Advertising
Advertising Research
Research shows that the most commonly used advertising formats for selling weddingwear
is print however this is mainly dominated by the big brands such as Pronuptia, Alfred Angelo
and Pronovias. Weddingwear advertising focuses almost exclusively on brides and is pretty
much all in print media – mainly specialist wedding magazines (Mintel 2009a).
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Advertising spend on weddingwear is steadily declining in line with waning numbers of
weddings.
An unusually high number of companies advertise weddingwear, reflecting the retail
dominance of small independents and designers (Mintel 2009a). This means that specialist
bridal stores have to come up with cheaper and more innovative ways to advertise in order
to maintain low advertising spend and high visibility in the market.
Alongside current advertising it is suggested that an advert be placed on as it is
‘currently the most prominent among dedicated wedding websites. It provides news,
features, advice and chat forums and it claims to reach 90% of UK brides. The site
offers a wide range of promotional tools, from advertising boxes to competitions and
for bridalwear specifically, it has a dress search facility on a database where
suppliers pay to place thumbnails of collections, contact details and web links (Mintel
2009a).’
www.confetti.co.uk
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Advertising should feature up-to-date, high quality photography of a gown as well as key
information about the company including the bespoke designs and main contact details. This
advertising should work with existing examples including the website and flyers in store and
existing print advertising; it should be classy and demonstrate the quality levels that the store
maintains.
Advertising Expenditure
Name of
Publication/Website
Circulation Advertising Costs Total cost for 12 month
period
Confetti.co.uk 90% of all Brides
346,546 unique
users per month
£300+VAT £360
The Wedding Planner-
Herts, Beds and Bucks
(Current advertising)
40,000 copies per
issue
80,000 per year
£275+VAT £330
www.the-
weddingplanner.com
240,000 issues
advertising the site
per year
£100+VAT £120
Total Costs £810
New Media Marketing
New Media Research
Women are more likely to see online ads via a social network. This is explained by the fact
that women are more likely users of sites such as Facebook. For example, according to
Mintel’s forthcoming report Social Networking – UK, November 2009, 82% of women used a
social network of some type, compared to 75% of males (Mintel 2009b).
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It is suggested that The Wedding Workshop target the many people now using Facebook
with advertising. The Wedding Workshop can target up to 720,900 people thorough the
social networking site Facebook (audience: Engaged females, aged over 18 in the UK).
Research from Facebook shows:
The average user is connected to 60 pages, groups and events
Every month, more than 70% of Facebook users engage with Platform applications
There are more than 550,000 active applications currently on Facebook Platform
There are more than 250,000 websites that have integrated with the Facebook Platform
There are more than 100 million Facebook users that engage with Facebook on external
websites every month
www.facebook.com/press/info
The marketing campaign via Facebook will include a mix of targeted pay per click advertising
and a fan-page which is already in existence. Facebook can be used to monitor the target
audience to learn and develop products to meet customer’s needs.
www.facebook.com/ads/create
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47% of women open emails containing special offers. Customers are most likely to open an
email from a trusted company with an interesting subject line. These emails should be
inviting, interesting and contain relevant information with minimum effort (Mintel 2009b). It is
advised that The Wedding Workshop provide a newsletter facility via their website for current
and potential customers to maintain contact and to provide information regarding special
offers and events they may wish to attend.
New Media Expenditure
Platform Cost Breakdown
Facebook- PPC Advertising (Targeted) £730 pa
Budget for advertising bid. £0.90 per click
through
Fan Page (User generated Content) £0
In-house communications team, monitoring
and updating content
Home Website £0
In-house communications team, create and
monitor
Email Newsletter £0
In-house communications team, create and
monitor
Total £730 pa
Public Relations
It is suggested that The Wedding Workshop host an event in store to promote the company
and to aid the word of mouth campaign. It is suggested that as part of the guest list for this
event that local press are invited as well as perhaps some local bloggers that would be
relevant to the target market as well as any perspective customers that would have
suggested their interest in the company via the Facebook fan-page or the website’s
newsletter facility.
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Event Description
event should have a white wedding theme with floral arrangements
and white candles
Media packs should be given to any press attending
Event- May 13th, 2011
To be held at the store
Refreshments: Sparkling wine and a selection of non-alcoholic
beverages and finger foods
The event should be used to show the perspective client what The Wedding Workshop could
offer in terms of design ideas, quality fabrics and well-made final pieces. It should also be
used to boost word of mouth people attending will be able to tell their friends, family and
work colleagues what they have seen and will therefore boost knowledge of the company.
PR Event Budget
Creation of 25 Media packs £200
Event:
Flowers
Food/Drink
£100
£200
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Invitations £100
Staff overtime hours
4 staff @ 3 hours
£100
Total: £700
Campaign Budget
Turnover 5% of turnover allocated to campaign
£75,000 £3,750
Total Campaign Spend
Below can be found a breakdown of the total costs of the campaign over the three mediums
chosen:
Advertising £810
New Media £730
Public Relations £700
Total £2,240
Absorption Costing
Below can be found a breakdown of total costs required to cover the suggested marketing
campaign. It has been suggested that the amount be absorbed back into the business over
only 12 months as the campaign spend is relatively low and so can be cleared on a yearly
basis.
Estimated percentage margin 5
total amount of spend £2,240
total turnover needed to cover your costs £44,800.00
Number of months over which it is proposed to absorb the cost 12
Amount of extra turnover per month £3,733.33
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Reviewing Campaign
Facebook has built-in analytical and reporting capabilities which will help to ensure
marketing is cost effective. User generated content can also be monitored, this can be
marked on a score system and all comments (negative/positive), will be used to review and
develop the brand on a quarterly basis. In terms of the public relations event the success of
this can be monitored by the increased number of customers showing an interest in the store
or via the amount of editorial The Wedding Workshop may receive as a result of press
attendance. The same applies for the advertising; sales figures and customer interest can be
measured to show how successful the campaign has been.
Conclusion
This report has suggested a number of ideas for the company The Wedding Workshop to
boost customer footfall and in turn sales figures. These suggestions use a number of
approaches including traditional print media, online advertising and also new media
techniques such as social networking and word of mouth marketing.
It has been shown via an absorption costing that all suggested marketing costs can be
covered by the business over 12 months with an additional monthly turnover of £3733.33. It
is believed that this suggestion is not unreasonable due to the average spend on bridalwear.
Lastly there have been a number of suggestions for how The Wedding Workshop would be
able to track the success of any marketing campaigns with the use of Facebook’s analytical
capabilities and also traditional methods such as tracking customer footfall and sales figures
in-store.
Store Owner Feedback
Hi Amy
I have just managed to sit down and read it all, it’s quite comprehensive. I have looked at
Page | 18
your suggestions and thankfully we do or are in the process of doing most of them, instead
of Confetti we use UK Bride when we decided to do this Confetti had gone into liquidation,
we do share business details with several local businesses including the Cambridge wine
shop and we have held open days but these have not always been that successful. I have
found we target more brides at the shows.
We are developing the website and Facebook page as time allows .So hopefully we are on
the right track!
Good luck hope it all goes well, Kind regards, Melanie.
Appendix A- Market Research- Mintel 2009a
Market Value and Forecast
Weddingwear - UK - January 2009 - Market Value and Forecast
Figure 11: Forecast of the weddingwear market, by segment, at current prices, 2003-13
Bridalwear Groomwear
Other wedding party
Total wedding-wear
£m Index £m Index £m Index £m Index
2003 106 83 33 87 42 78 181 82
2004 109 85 34 89 44 81 187 85
2005 115 90 36 95 47 87 198 90
2006 120 94 37 97 49 91 206 94
2007 124 97 38 100 51 94 213 97
2008 128 100 38 100 54 100 220 100
2009 131 103 38 100 56 104 225 102
2010 136 106 39 103 59 109 234 106
2011 142 111 40 105 61 114 243 110
2012 148 115 41 108 65 119 253 115
2013 153 119 42 111 67 125 262 119
% change 2003-08 21
15
29
22 % change 2008-13 19
11
25
19
Appendix B Market research- Office of National Statistics
Table 1: Projected population by legal marital status, age and sex, 2008 and 2033, England and Wales
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thousands Total Never married
Married Widowed Divorced
2008 2033 2008 2033 2008 2033 2008 2033 2008 2033
Persons All 16+ 44,228 52,572 15,298 22,662 21,666 22,153 3,191 3,002 4,073 4,756 16-24 6,602 6,755 6,397 6,619 196 132 2 0 8 4 25-34 7,034 7,954 4,499 5,875 2,289 1,947 9 4 237 129 35-44 8,127 8,495 2,333 3,932 4,796 4,033 37 17 962 513 45-54 7,187 7,883 1,037 2,800 4,828 4,160 114 52 1,208 871 55-64 6,451 6,923 493 1,768 4,649 3,950 337 159 971 1,046 65-74 4,558 6,866 263 1,093 3,099 4,116 711 475 484 1,182 75+ 4,269 7,696 276 575 1,810 3,816 1,980 2,294 203 1,012
Bibliography
After Dark Brides- Available at: www.afterdarkbrides.co.uk (Accessed 11
March 2011)
Confetti- Available at: www.confetti.co.uk (Accessed 11 March 2011)
Facebook Research- Available at: www.facebook.com/press/info (Accessed
11 March 2011)
Facebook Advertising- Available at: www.facebook.com/ads/create (Accessed
11 March 2011)
Fratelli’s Ampthill- Available at: http://www.fratelliampthill.co.uk/ (Accessed 11
March 2011)
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http://academic.mintel.com/sinatra/oxygen_academic/search_results/show&/d
isplay/id=220217
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http://academic.mintel.com/sinatra/oxygen_academic/search_results/show&/d
isplay/id=291689/display/id=334754#hit1
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http://academic.mintel.com/sinatra/oxygen_academic/search_results/show&/d
isplay/id=393863/display/id=436817#hit1
Mintel 2009b- Advertising and Marketing in New Media - UK - October (2009)
Mintel [Online] Available at:
http://academic.mintel.com/sinatra/oxygen_academic/my_reports/display/id=3
95918&anchor=atom/display/id=489369
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http://www.statistics.gov.uk/pdfdir/marr0610.pdf (Accessed 11 March 11)
Questor Woburn Bridal- Available at: www.woburn-bridal.co.uk (Accessed 11
March 2011)
The Wedding Planner- Available at: www.the-weddingplanner.com (Accessed
11 March 2011)
The Wedding Workshop- Available at:
http://www.weddingworkshop.co.uk/index.htm (Accessed 11 March 2011)
Winterman, D. (2007) ‘The (sponsored) word on the street’ [Online] Available
at: http://news.bbc.co.uk/go/pr/fr/-/1/hi/magazine/6478889.stm
Woburn Wedding Venues- Available at: www.woburn.co.uk/weddings
(Accessed 11 March 2011)