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Marketing plan

The pharmacy has also gained economies of scale through selling larger quantities of drugs with less labor as the larger consumers order through mail order. The pharmacy expects a large number of customers since most Americans are on continuous medicine prescription. The Best Cure Pharmacy plans to increase its market share through targeted advertising in order to increase the number of customers who are looking for ways of saving on pricey which is a necessary expense (Malcol and Keegan, 2002). II. Situation analysis The Best Cure Pharmacy is in its first year of operation and highly believes that its products market demand will be high. The company is also convinced that it requires a cohesive marketing strategy. It offers a wide prescription of medicine for customer pick up at their store front and also distributes them via mail orders. Their prices are much better than those of their competitors and this makes their services attractive to a large number of people. SWOT Analysis i. Strengths Great prices It provides a unique business environment which is appropriate for business Has highly qualified and trained staff who are customer attentive It supplies drugs to its customers through mail orders ii. Weaknesses It lacks true experience of running a mail order outfit Government intervention or regulation to medicine It lacks brand equity and visibility of a start up business iii. Opportunities High pressure from consumers to purchase drugs through mail order The constant growth of those people on medication iv. Threats The entry into the mail order market by an already established company Regulatory legislation which may curtail the mail orders in the medicine industry III. Market Opportunity Analysis Market summary The Best Cure Pharmacy possessed good information in regard to their market as well as their target customers. The pharmacy plans to leverage this information in order to understand better who they serve, the specific needs of the customers and how the pharmacy can serve them better. Environment The Best Cure Pharmacy operates in a competitive market which is characterized by existing competitors. The environment is also characterized by different opportunities, and the company plans no to let any of these opportunities pass by. Demographics Best Cure Pharmacy customer profile consists of the following demographic, geographic and behavioral factors: Female and male A larger percentage of the clients are over 50 years Consist of economically good deals More than one medication per time The prescription is a continuous cycle not one that ends upon the correction of the malady Know what is needed and do not require extra services provided by some pharmacists Market needs The Best Cure Pharmacy is providing the target market with discounted drugs. This market is very important because many Americans are faced with the dilemma of using their income which is limited on either medication of food. The Best Cure Pharmacy will fulfill the following benefits which are very important to its customers: Pricing- the Best Cure Pharmacy prices will be better than those of the other pharmacies. Accessibility- the products of the company will be distributed through their store fronts which are conveniently located with the US Selection- the pharmacy offers a wide range of medication products which include both generic and originals Customer service- the Best Cure Pharmacy recognizes the value of having an outstanding customer service. The company also ...Show more


Marketing plan for Best Cure Pharmacy Name Institution Date I. Executive summary This marketing plan is on Best Cure Pharmacy (A fictitious company) which is a brick and mortar and a mail order pharmacy selling prescription medication at very low prices than other companies…
Author : irvingkovacek
Marketing plan essay example
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