Posted at 11.21.2018
The following article is based on develop and put into practice market strategies on the tiny business of Floral Touch Australia. The report will outline the essential elements of Floral Touch's market Strategies and its marketing combine, and also monitor and improve its marketing performance. Advice will be produced on how to boost on each marketing aspect of the organisation.
Floral Touch Australia was set up in 2008 by Rola Seaib, it is a tiny retail florist that is located in Guilford, NSW. They specialise in Weddings, Engagements, Christenings, Birthdays and Special Occasions. They also send flowers internationally and deliver plants locally. They offer same day delivery to determined areas, but typical delivers within 24 hours of order.
The business is still relatively new which is gradually growing and growing. This is regarded as a good opportunity to review Floral Touch's current market strategies and how to improve and develop new strategies.
Their quest is to deliver high quality products and services guaranteed to please their customers at competitive prices, and being actively involved with the city.
Floral Touch Australia vision is to become a recognised florist in the region, renowned for its high customer support and affordability.
Various methods were used to carry out the review of Floral Touch Australia's overall Market Strategy. One of the methods used was booking a meeting with who owns the business, and discussed firsthand what methods where used to advertise the business and who these were targeting and the segments they had covered in their floral business. Also we discussed issues such as future development of the business and how that could be established.
The other methods which were used to gather research, was using online language resources and searching for information on the floral industry in Australia to get a better knowledge of the retail flower sector and how it works in Australia. Web sites were very insightful but where lacking relevant information that was needed.
Also the Australian Bureau of Information was used to assemble information on sales and market development of all the major retail industries compared to the floral industry. This provided factual figures and information that was very relevant in identifying how Floral Touch Australia fits in to the rose industry and market.
The customers are able to select and personalize the merchandise by choosing to add option like size, colour or type of flowers and just how that they want it shown in a basket, bouquet or vase.
Customers can view products online with a directory and call to make an order
Located on a busy street
High publicity with road frontage
The only florist in the area
Floral Touch continues to be a fresh business.
Time to gain experience and build reputation.
Customers perceiving that blossoms are only limited to special occasions
Pricing continues to be relatively greater than other florists
No recognized business website has been established, customers struggling to order online.
To establish a strong customer basic in the region.
The customisation of customer purchases resulting in more sales
To extend advertising to other medias
Sponsoring neighborhood groups
To increase the brand into other areas such as chocolates and sweets
To close the distance in the market
Competitors on the market such as Alia Florist & Gifts, and famous brands such as Rose Only.
Customers preferring the high end brands
Customers not spend their money on presents anticipated to economy
Another retail florist shop opening in the area
Home based florist business
Floral Touch Australia has discovered that its target market will be individuals or organizations that contain the necessity or desire for fresh blooms. The marketplace can be categorised into four main market sections for Floral Touch. These are
The desk below represents each of the segments and why a customer chooses the service from Floral Touch Australia.
Ease of Ordering
Ease of Ordering
Quality of Product
Timeliness of Delivery
The retail value of trim plants in Australia will generate around $1. 7 billion dollars in 2009-10, and the floral retailers generating strong revenue of $837. 1 million dollars.
There is actually a frequent demand for fresh plants as they are likely involved in people's lives. They are used special event and sadness to stand for a person's devotion or simply a general "many thanks". The demands for fresh bouquets are now regarded as a fashion tendency and are being used as centrepieces in homes. There's always a higher demand during traditional get-togethers such as Valentine's Day, Mother's Day, Christmas and Chinese New Year.
The customers that regularly use florists are categorised into two main target market profiles which are;
Works in CBD
25-60 years of age
Married, involved or in a long-term relationship
High income earner
Occupation: banker, agent, legal professional or accountant
preference for luxury items (automobiles, clothes, pieces, homes, trips)
Homeowner/ multiple home owner
These can also include organisations such as Telstra and Australia Taxi Cabs, creating a agreement with floral touch on delivering them with fresh blooms daily.
25-60 years of age
Married, employed or in a relationship
Average Income Earner
Customer services important
Prefers an acceptable or expected pricing
Occupation: salesmen, retail store person, banker, and customer support rep.
Floral Touch Australia doesn't have any direct competitors in their location, because they are the one retail florist shop in the Guilford area. With close examination of the region there is one a florist that works from home which is near Floral Touch's location called Red Ice. This can be seen as a threat as they may offer cheaper prices because they don't really have to pay for rent and lease expenses such as a shop does. Gleam probable of another florist shop opening in the region as there is a shortage, which in the current time can be an benefits for Floral Touch. Addititionally there is a rise of competition from other bordering merchants such as supermarkets, online stores and Service Stations.
The competition that Floral Touch Australia faces is online challengers. These online florists exceed using their service where customers can to buy floral agreements on the internet. These services are offered by Rose Only, FlowersForEveryone. com, InterFlora and many others. In addition they offer next day delivery, but shortage as it pertains to customers choosing and customising there requests. Often what is seen online might not match the picture or expectation that the client wanted.
The competitive advantages that Floral Touch Australia has are as implemented;
Wider product range than competitors
Competitive costs - matching or providing cheap than competitors
Quick delivery of the products to the customer
Better quality customer service
In an improved location, easy to access
Giving customers what they need, with product customisation
The Marketing aims that Floral Touch would like to achieve to ensure that it's a market innovator is to;
Increase its sales over twelve months by 20%
To create a stronger brand romantic relationship with this customers
To extend the brand into the areas such as chocolates, and sweets
To open more shops in encircling areas by 2012
To have well established brand image
To achieve the goals Floral Touch will need to adapt its marketing combine to ensure it can increase its market show and it overall sales. Building interactions with regular customers such as business customers is important to ensure a continuous flow of profits.
The business that Floral Touch Australia would like to determine is having a customer value approach presenting the clients a good quality services and heading beyond their expectation to satisfy the needs.
Fresh rose arrangements
Gift Baskets & Hampers
Available in 3 different sizes Small, Medium, Large
customers able to design and customise with their specifications
Prices offered at competitive prices
Prices exhibited on screen products
Prices may differ dependant on what the client demands when customising an order
Small Preparations prices between $14. 99 - $40. 00
Medium Preparations prices between $39. 99 - $60. 00
Large Agreements prices between $65. 00 - $200
One retail store operating in a active street
High contact with potential customers
Easy to gain access to, and leading of shop parking
Shop front side floral displays
Local radio train station advertising
Flyers and business cards distributed in the area through letter container drop offs
In store product displays
The delivery van
The marketing mixture of Floral Touch Australia will give attention to targeting the marriage and Special Events segment, and also concentrating on creating ties with organisations to provide them with a ongoing service.
The product mix shows that both main items that are in demand are bouquets and surprise basket & hampers. This shows the tendency that customers are buying items which are ready for gifting to someone, it's seen as far more convenient for the customer.
Currently Floral Touch has one main distribution route which is its retail shop. It wants to establish other ways to reach its customers. They may have considered establishing a online service where customers are able to view their products, select and order what they want and obtain it delivered.
The cost of setting up an online site can cost around $400 and can need ongoing support to maintain and update the service, or it could be made free by doing it yourself. This might bring another gain to the business, as the rivals are trading online it puts Floral Touch on a level playing field to market its product outside of its current demographic.
Floral Touch try to give customers a higher degree of service, and taking customer service to another level by getting to know certain information on a person to make sure they are feel more valued, for example keeping in mind a customer's birthday or wedding anniversary, gives the impression that you have taken time to listen to the customer. Also offering regular custom store special discounts or free delivery on the acquisitions, this is to ensure they are rewarded for the loyalty to the brand.
As defined above Floral Touch's priority is to provide the best quality of customer service, staff are encouraged to make the client feel welcomed and respected by assembly and greeting them when they enter into the shop. They are really to liaise with the client and immediate them to the merchandise that they desire. Staffs are advised to notify customers on special promotions and discounts that might be on offer.
The promotional activities that Floral Touch has performed are having interior floral exhibits for customers in store to provide them visual selections. There is also the utilization of outdoor signage and windowpane exhibits to be visual enticing to people walking past the shop entrance. Floral Touch has extended its advertising to local radio place and magazines to get a better coverage on its target customers. They also have distributed flyers and catalogues which are put in people's letter boxes. They have lately sponsored a singing from overseas who was touring Australia.
The overall marketing work will not need to hire additional personnel as marketing has been out sourced to marketing and publications. The inner marketing of Floral Touch will be managed by personnel that are experienced and been trained in the area of floristry. The will be asked to constantly revise the store shows over a 2-3 day basis as blooms are perishable and require a cool room.
They are to also display business credit cards, flyers and brochures at leading of table and are to encourage customers to consider one. The staffs that are employed must be efficient at flower plans and will need to have a strong customer record to ensure that customers are dealt with correctly and given a good experience.
Consulting with the client on floral arrangements
Documenting the customer's needs and when they want it.
Within 15mins of serving
Organising the order and making the floral arrangement
Have it completed in a hour
Getting Customer Orders Delivered
Ensuring that orders are processed and ready to be delivered
Delivered on the same day
12 months (quarterly)