Saturday, June 9, 2012

The Marketing Mix

Marketing events such as the Singapore Arts Festival need to imply the marketing mix to achieve the organisational goals. Marketing mix refers to a planned mix of the controllable elements of a product's marketing plan. There are in total of eight Ps and they are, Product, Place, Partnerships, Promotion (Communications), Programming, People, Packaging and Distribution and Price. However, I will elaborate only on Product, Place, Partnerships, Programming as well as Price.

Product:
A product is anything that can be offered to a market for attention, acquisition, use or consumption that might satisfy a want or a need.

The core product is what the buyer is really buying and that every product is a package of problem-solving services even though it is often intangible. The core product in this case is the entertainment that incorporates arts.

It is also necessary to include in the facilitating products where it must be present for the guest to use the core products. Some facilitating products available at the festival includes information and ticketing booth, food and beverage(F&B) outlet like the Cold Stone Creamery, other facilities like the stage and tents. These are the products that will bring in the entertainment and arts to the visitors.
Where Cold Stone Creamery is located
There were also augmented products which include accessibility, customer participation and interaction as well as the ambience like the lightings. SAF is located at the Esplanade Park thus, it is accessible for the visitors to come because of the nearest public transport; MRT circle line (Esplanade and Marina Bay). There was also visitors’ participation where during the Bridge Cafe Project Programme started, the dancers will bring the visitors in to join them in the dance. Hence it creates a very friendly, fun and enjoyable moment. Also, there are other surrounding buildings and places where the visitors can go to after or before the festival starts. And this includes the Marina Bay and the Esplanade Theatre.


The lightings that create the magical ambience.

Place:
The place looks into the distribution of the event products and how they are sold to visitors which means how the program tickets are being sold. The tickets were available through SISTIC where customers can either purchase them in shopping centres or online. SAF also made use of the technology and media like Facebook, Twitter, Youtube and iPhone apps to create awareness and promote the event.

Partnership:
SAF principal partner for 2012 is The Singapore Tourism Board (STB) and the premier sponsors are Singapore Totalisator Board, OCBC Cards and the Singapore Turf Club. There are also many other major sponsors and partners like Lee Foundation, SMRT media, National Library Board, Kitchen Language and many more. These sponsors have done such a great help to the event and it would be nothing without them.

Ads at the MRT platform
Ads supported by SMRT in the MRT itself
Programming
The performances involved more than 500 artists and groups from Singapore as well as International Friends where the festival showcased both local and international acts, as well as collaborations and performances beyond that of Traditional Performances. There was a wide range of activities that started off in the mid of the day all the way till night time thus making visitors to have a choice of activities throughout their day.

Price:
The Festival Village presents a mix of ticketed and free with fun filled activities and over 300 free performances for every one of all age groups. Other than the performances and the ticketed prices, there are also other prices that were involve like F&B. The Cold Stone Creamery sells the ice cream at about less than $10. There was a little competition for ice-cream because there was the ice-cream man with his motorbike that sells ice-cream at around $1 to $1.50. Well, people can choose the either the higher quality or the cheaper one. Either way, both the queue was very long. These were the places where the event earns their revenue from. Other revenues also came from the flea as well as The Bridge Cafe Project.

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