Marketing Communication Strategy to Reopen A Business Venture

Authors

  • Mohammad Fahreza Institut Manajemen Koperasi Indonesia

DOI:

https://doi.org/10.31328/jsed.v2i2.1170

Keywords:

business branding, laundry, middle class, value proposition

Abstract

The research aims to find the best marketing communication strategy for reopening the new business venture that engages in washing services in specialized products such as bags and shoes. This research used a descriptive approach. The research was conducted through FGD and market surveys. The observed variable was the perception of cleaning service in terms of the interests, activities, behavior, needs and desires of consumers. The result of the research shows that the approach of restarting the business is looking at a business venture as a startup. The business branding of the new venture is in a disadvantaged position compared to its competitors because it has just opened; therefore marketing strategy is to build and enhance business branding by communicating information about business services to potential customers through social media, key persons, and word of mouth. It is expected to be able to communicate the service features and a variety of information about service, price and discount, location, and other profiles of new ventures. The marketing communication strategy is based on the stages of a customer's journey to decide on a purchase, ranging from awareness, education, consideration, purchase, loyalty, to advocacy.   JEL Classification:  L21, L84, M30

References

Bank Indonesia. (2019). Consumer Optimism Maintained. Retrieved September 20, 2019, from https://www.bi.go.id/en/ruang-media/info-terbaru/Pages/Survei-Konsumen-Januari-2019-Optimisme-Konsumen-Tetap-Terjaga.aspx

Belch, G. E., & Belch, M. A. (2017). Advertising and Promotion: An Integrated Marketing Communications Perspective. McGraw-Hill Education. Retrieved from https://books.google.co.id/books?id=4PpVvgAACAAJ

Bocken, N. M. P. (2015). Sustainable venture capital - Catalyst for sustainable start-up success? Journal of Cleaner Production, 108, 647–658. https://doi.org/10.1016/j.jclepro.2015.05.079

Chandra, P. (2014). Corporate Valuation: A Guide for Analysts, Managers, and Investors. McGraw Hill Education (India) Private . Retrieved from https://books.google.co.id/books?id=aWxwCgAAQBAJ

Chen, H., & Suen, W. (2017). Aspiring for Change: A Theory of Middle Class Activism. Economic Journal, 127(603), 1318–1347. https://doi.org/10.1111/ecoj.12346

David, F. R., & David, F. R. (2016). Strategic Management: A Competitive Advantage Approach, Concepts and Cases, Global Edition. Pearson Education Limited. Retrieved from https://books.google.co.id/books?id=QsSCDQAAQBAJ

Finne, Å., & Grönroos, C. (2009). Rethinking marketing communication: From integrated marketing communication to relationship communication. Journal of Marketing Communications, 15(2–3), 179–195. https://doi.org/10.1080/13527260902757654

Grundy, T. (2006). Rethinking and reinventing Michael Porter’s five forces model. Strategic Change, 15(5), 213–229. https://doi.org/10.1002/jsc.764

Kotler, P., & Keller, K. L. (2012). Marketing Management (14th ed.). Pearson. Retrieved from https://books.google.co.id/books?id=eMZRYgEACAAJ

Nizar, M. A. (2015). Kelas Menengah (Middle Class) dan Implikasinya. In Zuprianto (Ed.), Bunga Rampai Ekonomi Keuangan . Jakarta: Nagakusuma Media Kreatif, : . Retrieved from https://www.researchgate.net/publication/279406954

Nugroho, I., & Dahuri, R. (2004). Pembangunan wilayah: perspektif ekonomi, sosial, dan lingkungan (1st ed.). Jakarta: LP3ES Jakarta. Retrieved from https://books.google.co.id/books?id=Un3aAAAAMAAJ.

Porter, M. E. (2008). The five competitive forces that shape strategy. Harvard Business Review, 86(1), 78–93. Retrieved from https://www.hbs.edu/faculty/Pages/item.aspx?num=34522

Rangkuti, F. (2006). Analisis SWOT Teknik Membedah Kasus Bisnis. PT. Gramedia Pustaka Utama. Jakarta. https://doi.org/10.3975/cagsb.2015.05.08

Reynolds, P. D. (2016). Start-up actions and outcomes: What entrepreneurs do to reach profitability. Foundations and Trends in Entrepreneurship, 12(6), 443–559. https://doi.org/10.1561/0300000071

Sohel, S. M., Rahman, A. M. A., & Uddin, M. A. (2014). Competitive profile matrix (CPM) as a competitors’ analysis tool: A theoretical perspective. International Journal of Human Potential Development, 3(3), 40–47. Retrieved from http://www.ijhpdindia.com/browseArticles.aspx?srchtxt=sohel#

Stanton, W. J., Etzel, M. J., & Walker, B. J. (1991). Fundamentals of marketing (9th ed.). McGraw-Hill. Retrieved from https://books.google.co.id/books?id=JlcPAQAAMAAJ

Urban, G. L., Weinberg, B. D., & Hauser, J. R. (1996). Premarket forecasting of really-new products. Journal of Marketing, 60(1), 47–60. https://doi.org/10.2307/1251887

Van Klinken, G., & Berenschot, W. (2014). In search of Middle Indonesia: Middle classes in provincial towns. In Search of Middle Indonesia: Middle Classes in Provincial Towns. https://doi.org/10.1163/9789004263437

World Bank. (2019). GDP per capita, PPP - Indonesia. Retrieved September 20, 2019, from https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?locations=ID

Downloads

Published

2019-12-19

How to Cite

Fahreza, M. (2019). Marketing Communication Strategy to Reopen A Business Venture. Journal of Socioeconomics and Development, 2(2), 116–124. https://doi.org/10.31328/jsed.v2i2.1170

Issue

Section

Research Articles

Similar Articles

1 2 3 4 5 > >> 

You may also start an advanced similarity search for this article.