IMA 501 12/01/09 Marketing Plan
Marketing Plan
*Niche Penetration
Market Characteristics
Large Potential demand (online learning), Fragmented market, Short adoption process.
Product Characteristics
Many sources of supply (internet, global market).
Relatively simple production process (cloud computing and internet).
Competitor Characteristics
Many potential competitors (University of Phoenix, MIT Opencourseware, AUI online).
Some potential competitors have substantial resources and competencies (University of Phoenix).
Firm Characteristics
Limited product (online courses, online lesson plans).
Insufficient financial or organizational resources to build capacity in advance of growing demand. (start-up)
Limited marketing skills and resources (start-up).
Short term objectives
Maximize number of triers, users, and adopters in target segment; limited investment to build volume and hare in chosen niche.
Advertise in Bookstores, High Schools and Community Colleges.
Intermediate-term objectives
Maintain leading share position in target segment even if some sacrifice of short-term margins is necessary.
Long-term objectives
Maximize ROI.
Strategic objective and tasks
Increase customer’s awareness and willingness to buy
Heavy advertising directed at target segment to generate awareness.
Offer free trial, liberal return, or extended warranties (services) policies to reduce target customers’ perceived risk.
Extensive introductory sales promotions (free cloud computing) to induce trial, but focused on target segment.
Extensive salesforce efforts focused on potential customers in target segment.
Increase customer’s ability to buy
Penetration pricing, or bring out lower-priced versions in anticipation of competitive entries.
Offer engineering installation (online videos), and training services to increase new product’s compatibility with customers’ current operations.
*Walker, Boyd, Larreche “Marketing Strategy: Planning and Implementation” 1999, pp. 229-233
Return on Investment
The return on investment will be based on how many users use the site.
ROI= (Gain from investment – Cost of Investment) / by Cost of Investment
This means that if we have class online $500 and we register 15 students total of $7500
and the professor charges $1500.00 per class and it cost $500 to run.
ROI = (7500-2000)/2000=2.75 or 275%
There are going to be return investment base on advertising (technology companies) and fees on mentors teaching online while using our site.






