phumela presents marketing
TRANSCRIPT
1. Executive Summary
• Five-year marketing plan for Beep bank, created by its five founders
• Secure additional funding for growth and to inform employees about the company’s current status and
direction.
• Launched three years ago, demand for products has been higher than expected.
• Beep Bank realised that savings minded clients are more ready than Beep Bank currently offers.
• Clients are also interested in extending their product line as well as adding new product lines on to their
banking packages.
• Primary, High and Tertiary Educational Institutions.
• Receptive marketing environment to high-quality service, products reflecting the interests and needs of the
South African market.
• Beep Bank can increase its distribution, offer new banking products, and win new clients of the younger
generation.
Beep
Beep
eep
With you all the way
PHU 5. Implementation
• Beep Bank currently is not adequately prepared = change management is required.
• Training by November 2014. This includes permanent staff…
• This is one of the factors that affect the implementation process of this Marketing Plan at
Beep Bank.
• Representatives from Beep Bank headquarters = mentoring roles = background
information.
• A close relationship will be maintained with the auditing and accounting professions.
• Consumer Protection Code. quality risk management practices; e.g. information
• Technological changes
5.1. Activity: Community Marketing campaign
• Announcement Letters.
• VIP Invitations.
• Supplies for Chamber Ribbon Cutting Event.
• Direct mail.
• Announcement print ad.
• Radio ads.
• Lobby signs in branches.
• Exterior signage on building – “Coming Soon”
Person Responsible: Public Relations Manager
Budget: R900 000
Completion Date: November 2014
5.2. Activity: Educational Institution Campaign
• Begin to develop invite lists for all events
• Book entertainment (music) for VIP Celebration
• Plan food for receptions (and drink)
• Determine prizes for coloring/essay contest
• Order series of banners for branch
• Pylon Sign installed
Person Responsible: Beep Bank Events manager
Budget: R900 000
Completion Date: December 2014
5.3. Activity: Saving Awareness Special
• Stock branch with specialties (for all & for account openings)
• Produce contest entry forms
• Media plans/placement (print & radio)
• Solicit volunteers for all events and grand opening
• Produce & mail event invitations
• Finalize menu for Student Event and Bursaries to be given away.
Person Responsible: Youth Relations Expert (Mr Paul Smith)
Budget: R2.5 Million in prizes, Bursaries, and Exchange students sponsors
Completion Date: by the end of January 2015
Beep Bank Student Banking
5.4. Activity: Student ATM Card Designs (Primary, High School and Tertiary)
Person Responsible: Card Designing Team (Head Office)
Budget: R1.5 Million
Completion Date: Before February 2015
Contingency plans – All the above will be placed on trial and close evaluation for 6 Months to see if any
changes and improvement is taking place regarding this set of new products from Beep Bank.