Sole Mates Marketing Strategy

3005 Words13 Pages
Sole Mates Shoes Marketing Strategy Name: Hector Correa, Mary Denbo and Christal Dillard Instructor’s Name: Business Correspondence Course: Dr. Michelle MacDonald Date: May 3, 2013 Introduction The footwear industry is unique in that it is an industry that relies strictly on marketing and promotion to sell products to a specified group of people. It is also an industry that is well guarded and difficult to find any information on. However, the footwear goods industry is very fascinating and the products themselves signify prestige and status. Although the world economy is very different from country to country, the vast majority of people who are exposed to advertisements for certain products generally have aspirations of being able to own these products someday. The purpose of this research is to determine the best way to market a new footwear product to a very diverse audience, where a conglomerate of product line exist as well as differences in marketing strategies, and how can Sole Mates manages their marketing departments by targeting children, women and men. Marketing to Children Children have always been the largest and most dynamic emerging market on earth. Just as emerging geographical markets move toward economic independence and exploration of possibilities, so do emerging generations. (Chaudhari, Marathe, 2007). Along with women and men shoes, Sole Mates will also offer shoes for children and young adults. In researching we found that children represent an important demographic to marketers because they have their own purchasing power, they influence their parents' buying decisions and they are the adult consumers of the future. Marketing our shoes to children will be very beneficial to this company. Gaining an understanding of how to effectively market to children and what motivates children, advertising to children, and the roles
Open Document