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Marketing in the Information Age for Specialty Record Music Store - Research Paper Example

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The research paper "Marketing in the Information Age for Specialty Record Music Store" provides a great platform to analyze the importance of digital marketing,especially for small businesses.The study also provides the scope to analyze the importance of shop branding to generate consumer demand…
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Marketing in the Information Age for Specialty Record Music Store
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Download file to see previous pages There exists a music store on Queen Street West in Toronto containing theme based CD's, records and DVD's. The collections are based on the cultural interests of the shop owners. The store does not have any online presence. Store enjoys reasonable amount of foot fall. But, due to the unorganized nature of the shop very few people actually buy the collection. As a matter of fact many people fail to locate the desired music collection due to unorganized nature of the shop. Due to the lack of online presence and hence losses customers to larger firms like HMV. The store owner also has 50% ownership of a local bar that specializes in in-house music.
Based on the above the background thee study looks to provide a proposed marketing diagnostic plan. The plan includes the used of strategic and marketing concepts like AIDA model and SWOT analysis. The study also focuses on social media and viral marketing concepts
Based on the back ground of the study and the SWOT analysis it can be understood that the shop has entered in to a viscous circle. Customers are visiting the shop; but due to the organized nature of the shop, people are losing interests, People are switching to other firms like HMV through the online medium. Add to that the firm has no online presence
The first step towards making the digital presence is to have a website. As mentioned earlier having a business without a website is like having a business without face. If the store owner does not have the expertise, then it can be outsourced to any SEO company ...Download file to see next pagesRead More
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