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- Next, Market development: Black Rouge may consider branching out into new markets,
such as focusing on a different customer group or going global. Alternatively, they could
adapt their current products to better fit Valentine's Day in various nations or cultures.
- Third, Product development: Black Rouge may release new items just for Valentine's
Day, such as a collection of gifts that is only available for the occasion or a new color of
lipstick.
- Last Diversification: Black Rouge might introduce an entirely new product line for
Valentine's Day, like a collection of skincare items or accessories that go along with their
current line of cosmetics. In additional, to give consumers more Valentine's Day gift
choices, they could also branch out into a totally different sector, like home decor or
fashion.
Black Rouge's Valentine's Day marketing objectives according to the SMART model can be:
Specific: To increase the sales of our Valentine's Day themed lipstick collection by 20%
compared to last year. Besides, we hope that increase customer transaction success rate
by 25%, increase traffic to Black Rouge website by 30%, and increase daily conversion rate
to 35%
Measurable: Track the sales data and measure the success based on the increase in
revenue, website traffic, and customer engagement on social media platforms.
Actionable: Implement a targeted social media campaign, email marketing and influencer
collaborations to promote the Valentine's Day collection.
Relevant: Focus on promoting the Valentine's Day collection as a perfect gift for loved ones
and incorporate the brand's message of celebrating individual beauty.
Time-bound: Achieve the 20% increase in sales within the two weeks leading up to
Valentine's Day.