Marketing Plan

Closed
Lumo Beverage Corp.
Toronto, Ontario, Canada
RB
Ryan Brooks He / Him
President
(15)
4
Preferred learners
  • Anywhere
  • Academic experience
Categories
Market research Marketing analytics
Skills
marketing strategies marketing marketing planning
Project scope
What is the main goal for this project?

Our company is launching an organic sports drink and we are looking to create a marketing strategy to attract more customers.

We want students to help us build a marketing plan to grow and engage our target market.

This will involve several different steps for the students, including:

  • Familiarizing themselves with our current marketing goals and strategies.
  • Researching how customers perceive our brand and marketing.
  • Recommending new channels we should use for promotion.
  • Identifying an appropriate budget for advertising.

Bonus steps in the process would also include:

  • Recommending updates to our messaging that can better explain our value proposition.
What tasks will learners need to complete to achieve the project goal?

By the end of the project, students should demonstrate:

  • Familiarity with our marketing goals and strategies
  • Understanding of customer perceptions of our brand
  • Recommendations for new promotion channels
  • Identification of an advertising budget

Bonus steps would include:

  • Updating our messaging

Final deliverables should include

  • A complete, detailed marketing plan.
About the company

Lumo is an innovative sports drink made from ingredients sourced in the garden, not the lab. Uniquely formulated, Lumo optimizes athletic performance by restoring energy and balance to hard-working bodies.