Preview

Mcbride Marketing Paper

Good Essays
Open Document
Open Document
734 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Mcbride Marketing Paper
McBride Marketing Paper 1

McBride Marketing Paper

University of Phoenix

John I Henderson

November 15, 2010

McBride Marketing Paper 2

McBride Financial Services offers low cost mortgages for individuals in

Idaho, Montana, Wyoming, North Dakota, and South Dakota (Apollo Group, Inc., 2007).

McBride Financial Services will need to design a marketing plan so there are able to

reach out to individuals more likely to fit the profile of the type of consumer that their

services are created and designed to meet. McBride Financial Services will need to

complete the research in order to make sure that the marketing campaign designed for

them will be effective. Conducting consumer market research will allow McBride

Financial Services to study the buying habits of individual people. This will give them

the opportunity to market to certain types of individuals that are more likely to purchase

their service instead of wasting money advertising in a general region.

The type of research that needs to used at this point is to do a customer

satisfaction research poll. A customer satisfaction research poll will give businesses a

true understanding of how satisfied a customer is with the overall buying experience they

have had. It shows businesses where they can improve and it also shows them where they

can perform better. Selecting the right type of advertising is important for any business or

company. McBride Financial Services targets retirees, families and professionals so when

looking at this it is important that they choose these target audiences focus on. McBride



References: Apollo Group, Inc. (2007). Business Plan. Retrieved November 12, 2010 from McBride Financial Services: https://ecampus.phoenix.edu/secure/aapd/cist/vop/Business/McBride/Admin/McBrideAdmin001.htm Rogers, S. McBride Financial Services Marketing Plan, September 4, 2010. Retrieved November 15, 2010.

You May Also Find These Documents Helpful

  • Better Essays

    The first step in creating a strong marketing plan is research. Researching the product is a way to find out what catches customers’ attention by looking at their actions and coming to conclusions from what is observed. Using market research is a helpful means that can save the company time, effort, and money. By performing this research, McBride will gain the opportunity to market to certain types of individuals that are more likely to purchase their service instead of wasting money advertising in a general region. One source that will be useful to McBride Financial Services is the use of ad tracking. The use of ad tracking will allow for the monitoring a brand’s performance and it will let McBride know how the public feels about their brand. Another research method McBride Financial Services will use is Buyer Decision Processes. This will help show what motivates individuals to buy as well as what decision-making process they use. A combination of ad tracking and Buyer Decision Process will allow McBride Financial Service to target the type of consumer they need to…

    • 1364 Words
    • 6 Pages
    Better Essays
  • Good Essays

    By doing this a company needs to have an idea for a good marketing plan and who their target audiences are. McBride Financial Services has already developed a marketing plan in progress. They have chosen to promote their company through television ads, local newspaper ads, informational handouts at airports and major tourist attractions, local radio ads, and local realtors (Apollo Group, Inc., 2004).…

    • 773 Words
    • 4 Pages
    Good Essays
  • Better Essays

    It is a very good method to understand the requirements and expectations of the customers. This is a challenge for the McBride financial services to understand the culture of the market but this helps the firm to develop a customer portfolio and database of the clients (Hague, 2002). McBride Financial Service should use a descriptive, marketing research. This market research also decreases the operating expenses and time of the company to reach at the target market. The main reason of using descriptive research is to evaluate the potential of the selected market for the mortgage services of the company and analyze the attitude of the customers (Kotler,…

    • 1266 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    The development of McBride Financials marketing plan will require various forms of market research. The three major groups McBride will focus on will be first time buyers, buyers with credit problems, and retires purchasing primary or secondary homes. Market research will be conducted through the collection of surveys, contact methods, marketing intelligence and internal data. Advertising will consist of promotional television, radio, newspaper, and internet ads that appeal to specific marketing groups. Local realtors will be used for advertising purchases as well. Marketing strategies will be developed that establish McBride Financial as the leader in low cost mortgage services.…

    • 895 Words
    • 4 Pages
    Powerful Essays
  • Satisfactory Essays

    McBride Financial Services wants to expand its customer base and needs ideas on what to put in its new marketing effort toward this goal. The company will conduct a market research to achieve its goals. The marketing and promotion will be done through the television, radio, newspapers, and internet. By hitting the target audience with the marketing strategy McBride Financial Services will be successful in expanding its customer base.…

    • 748 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Mcbride Marketing

    • 873 Words
    • 4 Pages

    The purpose of this paper is to develop a marketing plan for McBride Financial Service. The paper will include what type of market research McBride should undertake. The various types of media Mcbride should use in the marketing plan. This paper will cover McBride’s target markets and explain why they are targets for McBride Financial Service. This paper will also cover what the considerations are for McBride to conduct a portion of their marketing on the Internet.…

    • 873 Words
    • 4 Pages
    Good Essays
  • Better Essays

    This document will review McBride Financial Services’ existing marketing approach and offer suggestions for focusing market research and what types of media to use. Additionally a review will be made of McBride’s target market and how the existing strategy relates to the marketing principles of the 4Ps and SIVA.…

    • 665 Words
    • 3 Pages
    Better Essays
  • Good Essays

    -As a rule, the more people your business serves, the most cost-efficient internet advertising can be. Internet advertising can also be more targeted than some traditional media, ensuring that your messages are seen by the most relevant audiences.…

    • 1373 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Questions on Marketing

    • 1523 Words
    • 7 Pages

    The market develops from mass marketing and product-variety marketing to target marketing. In mass marketing, the seller mass produces, mass distributes and mass promotes one product to all buyers. At one time, Sony product only one type of television for the whole market, thus create hard selling. Product-variety marketing, the seller produces two or more products that have different features, styles, quality, sizes and so on. Later, Sony produced several of television sets with different screen sizes and outside frame (casing) colors. However, customers have different needs that change over time. Customers seek variety and change. Target market, the seller identifies market segments, selects one or more of them, and develops products and marketing mixes tailored to each. For example, the Sony Company now produces television sets for the home entertainment segment, the fashion segment, the convenience segment, and the technology enthusiasts. Target marketing can help sellers to find their marketing opportunities more efficiently. Sellers can develop the right product for each target market and adjust their prices, distribution channels and advertising to reach the target market efficiently. Instead of scattering their marketing efforts, they can focus on the buyers who have greater purchase interest. Segmenting the markets can help company make more profit as they know who they are target to, and what their needs and wants from them. Markets consist of buyers, and buyers differ in one or more ways. They may differ in their wants, resources, locations, buying attitudes and buying practices. Because buyers have unique needs and wants, each buyer in potentially a separate market. Ideally, then, a seller might design a separate marketing program for each buyer. However, most sellers face larger numbers of smaller buyers and do not find…

    • 1523 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Armstrong, G., & Kotler, P. (2009). Marketing: An introduction (9th ed.). Upper Saddle River, NJ: Pearson Education.…

    • 630 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Mcbride Financial Services

    • 1064 Words
    • 5 Pages

    The first step in any marketing plan should be marketing research. McBride Financial Services will be using a four step plan for gathering research for marketing. The goal of marketing research for McBride is to gather data from local chambers of commerce, visitors’ bureaus, and local realtors concerning the target market: professionals and retirees purchasing a primary or secondary home and families or individuals purchasing recreational properties. With suggestions from McBride the marketing plan will include television, radio, and newspaper advertisements; informational flyers, and the Internet. It is suggested that greater focus be placed on Internet marketing using customer testimonials and an exchange of Web links with other businesses in a relatable field.…

    • 1064 Words
    • 5 Pages
    Good Essays
  • Better Essays

    To research the process of marketing for McBride Financial Services, a research plan is needed. While making a marketing plan the 4Ps have to be answered with SIVA. The 4Ps are Product, Promotion, Price, and Place. The 4Ps are considered to be on the supply side of the equation. On the demand side of the equation SIVA is found. SIVA stands for Solution, Information, Value, and Access. When the two are put together in the equation side by side you have a form where each part of the 4Ps demands an answer from SIVA.…

    • 1182 Words
    • 5 Pages
    Better Essays
  • Good Essays

    McBride Financial Services main mission is to be the top provider of mortgage services in a low cost in the its region and all branches Idaho, Montana, Wyoming, North Dakota, and South Dakota. Also McBride intends to offer mortgages to first time buyers and problem credit clients. The company will control its cost by having a small staff rather than large staff of brokers to sell the financing packages. Also they intends to make the customers enter their own mortgage applications online, and getting the approvals or denials electronically. (Apollo Group, 2003 )…

    • 664 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Cluster Analysis

    • 9015 Words
    • 37 Pages

    You need to identify people with similar patterns of past purchases so that you can tailor your marketing strategies.…

    • 9015 Words
    • 37 Pages
    Better Essays
  • Best Essays

    Kfc Leadership

    • 3625 Words
    • 15 Pages

    How they make a marketing plan and implement it will be analysed in this report.…

    • 3625 Words
    • 15 Pages
    Best Essays