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McBride Financial Services




                       McBride Financial Services Marketing Plan


Darren Jackson


                                      BSA/310


                                    Terrell Potts


                                 November 24, 2012
McBride Financial Services


McBride Financial Services is a start-up mortgage lender headquartered in Boise, Idaho. The

firm provides low cost mortgage solutions for conventional, FHA, and VA loans for individuals

seeking to purchase or refinance a home. The company intends to expand its operations into

Wyoming, Montana, North Dakota and South Dakota, therefore, the firm has decided to improve

upon its current marketing plan so that the company is able to expand and reach individuals and

consumers that are more likely to fit the profile their services are created to target.


   For McBride Financial Services to be successful in expanding its company and improving in

its ability to reach its target customers, the firm must develop a marketing campaign designed to

allow McBride Financial Services to study the buying habits of individuals. This will give them

the opportunity to market to certain types of individuals that are more likely to purchase their

service instead of wasting money advertising in a general region.McBride Financial Services

targets professionals, retirees, and families so it is important that they choose media that these

target audiences focus on.With today’s technology, there are more marketing choices than ever

online, offline, and in-person. McBride’s overall objectives, is their budget and their target

audience, which will determine the best types of marketing media for the company to use.


   Conducting consumer market research will allow McBride Financial Services to study the

buying habits of individual people. There are several marketing media tools that McBride

Financial Services could use to promote their services. One way of doing this is public speaking,

which can be both a source of income and a way to get your product or services known ton an
McBride Financial Services


interested audience. McBride’s achieve this by joining and organization that synchronizes with

their interest or business, and network to find opportunities and customers.Electronic media is a

kind of media which requires the user to utilize an electric connection to access it. This is known

as ‘Broadcast Media’. This form of media includes television, radio, and new-age media internet,

computers, telephones, etc. These types of media present is great for McBride Financial Service

because television appeals both the auditory and visual senses, and hence is an important

communication devices as it beholds the attention of the audience. Radio has a significant reach

to a target as well. A considerable number of Americans tune into radio every week while on

their way to work. Advertising on the radio with catchy jingles and phrases is a tried and tested

means of communication. Television and radioadvertisements should be designed to specifically

cater to families who are looking to purchase a residence or recreational property or relevant

television or radio stations. Research must be done in order to determine which television and

radio stations have the highest volume of listeners and viewers that fit this genre.


Mobile phones have become a boon to mankind. It has made communication possible at any

time, and form anywhere. Nowadays, a smart device like a mobile phone is not only used for

interaction, but also for other technical utilities like operating pumps form remote locations, etc.

Today, we can stay in touch with the whole world via internet on our mobile phones. Internet is

the most important device of the new age media and is one of the best tools out there for

McBride Financial Services to market their services. The discovery of internet can be called the

biggest invention in mass media. Live updates can reach customers simultaneously as the events

unfold. The internet has inspired interaction and connectivity with businesses and organization

through its social networking medium. The internet can also help businesses impacts others mass
McBride Financial Services


communication through the following mediums; e-mails, websites, podcasts, eforums, ebooks,

blogging, internet TV, facebook, twitter, and YouTube. There are many ways for businesses to

learn about internet marketing and the internet is the premiere source for finding them all.

McBride Financial Services should start off small when using internet marketing. And once the

firm has gather enough data that can be analyzed in order to determine how well their online

marketing is working they can begin designing online marketing campaigns for the other target

audiences they cater to.


   Customer satisfaction research is most likely the last type of marketing research that McBride

Financial Services will need to preform to allow the firm to gain an understanding of how

satisfied a customer is with the overall buying experience they have had. When conduction a

customer satisfaction survey, what the business ask the customers is important. How, when, and

how often McBride ask these questions are also important as well as what McBride do with the

customers answers to their questions. There are several ways McBride Financial Services can ask

their customers whether or not they are satisfied with the company’s products, and the service

they received. They can ask them:


        Face to face.

        Calling on the phone (with permission).

        Mailing a questionnaire.

        Emailing a customer satisfaction survey (be careful not to violate spam laws).


The best time to conduct a customer satisfaction survey is when the experience is fresh in the

customer’s minds. If the business waits to conduct a survey, the customer’s response may be less
McBride Financial Services


accurate. They may have forgotten some of the details or confuse McBride with some other

company.


McBride Financial Services has an opportunity to reach a larger audience by promoting a

marketing plan to help target more directed audiences. Designing a marketing plan using

different media streams allows McBride Financial Services to reach a larger more diverse

audience which should allow the company to be successful in their future endures.


In today’s business world a company may not get the attention of the individuals they want by

using one type of media. There is a better change for a business to be successful when it markets

its business using more than one media source. By using smart marketing strategies for

television, radio, and internet advertisements McBride Financial Services is more likely to get

the target audience in which there business is design to capture.
McBride Financial Service


References:


University of Phoenix, Virtual Organizations, McBride Financial Services


www.management.about.com>...>BusinessStrategy>Competitiveinfo


www.voices.yahoo.com/mcbride-financial-services...


www.buzzle.com/articles/different-types-of-media-comerage.html


www.businessdictionary.com/definition/customer-satifaction.html


www.ehow.com>Business

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Assignment for week 4 mcbride

  • 1. McBride Financial Services McBride Financial Services Marketing Plan Darren Jackson BSA/310 Terrell Potts November 24, 2012
  • 2. McBride Financial Services McBride Financial Services is a start-up mortgage lender headquartered in Boise, Idaho. The firm provides low cost mortgage solutions for conventional, FHA, and VA loans for individuals seeking to purchase or refinance a home. The company intends to expand its operations into Wyoming, Montana, North Dakota and South Dakota, therefore, the firm has decided to improve upon its current marketing plan so that the company is able to expand and reach individuals and consumers that are more likely to fit the profile their services are created to target. For McBride Financial Services to be successful in expanding its company and improving in its ability to reach its target customers, the firm must develop a marketing campaign designed to allow McBride Financial Services to study the buying habits of individuals. This will give them the opportunity to market to certain types of individuals that are more likely to purchase their service instead of wasting money advertising in a general region.McBride Financial Services targets professionals, retirees, and families so it is important that they choose media that these target audiences focus on.With today’s technology, there are more marketing choices than ever online, offline, and in-person. McBride’s overall objectives, is their budget and their target audience, which will determine the best types of marketing media for the company to use. Conducting consumer market research will allow McBride Financial Services to study the buying habits of individual people. There are several marketing media tools that McBride Financial Services could use to promote their services. One way of doing this is public speaking, which can be both a source of income and a way to get your product or services known ton an
  • 3. McBride Financial Services interested audience. McBride’s achieve this by joining and organization that synchronizes with their interest or business, and network to find opportunities and customers.Electronic media is a kind of media which requires the user to utilize an electric connection to access it. This is known as ‘Broadcast Media’. This form of media includes television, radio, and new-age media internet, computers, telephones, etc. These types of media present is great for McBride Financial Service because television appeals both the auditory and visual senses, and hence is an important communication devices as it beholds the attention of the audience. Radio has a significant reach to a target as well. A considerable number of Americans tune into radio every week while on their way to work. Advertising on the radio with catchy jingles and phrases is a tried and tested means of communication. Television and radioadvertisements should be designed to specifically cater to families who are looking to purchase a residence or recreational property or relevant television or radio stations. Research must be done in order to determine which television and radio stations have the highest volume of listeners and viewers that fit this genre. Mobile phones have become a boon to mankind. It has made communication possible at any time, and form anywhere. Nowadays, a smart device like a mobile phone is not only used for interaction, but also for other technical utilities like operating pumps form remote locations, etc. Today, we can stay in touch with the whole world via internet on our mobile phones. Internet is the most important device of the new age media and is one of the best tools out there for McBride Financial Services to market their services. The discovery of internet can be called the biggest invention in mass media. Live updates can reach customers simultaneously as the events unfold. The internet has inspired interaction and connectivity with businesses and organization through its social networking medium. The internet can also help businesses impacts others mass
  • 4. McBride Financial Services communication through the following mediums; e-mails, websites, podcasts, eforums, ebooks, blogging, internet TV, facebook, twitter, and YouTube. There are many ways for businesses to learn about internet marketing and the internet is the premiere source for finding them all. McBride Financial Services should start off small when using internet marketing. And once the firm has gather enough data that can be analyzed in order to determine how well their online marketing is working they can begin designing online marketing campaigns for the other target audiences they cater to. Customer satisfaction research is most likely the last type of marketing research that McBride Financial Services will need to preform to allow the firm to gain an understanding of how satisfied a customer is with the overall buying experience they have had. When conduction a customer satisfaction survey, what the business ask the customers is important. How, when, and how often McBride ask these questions are also important as well as what McBride do with the customers answers to their questions. There are several ways McBride Financial Services can ask their customers whether or not they are satisfied with the company’s products, and the service they received. They can ask them: Face to face. Calling on the phone (with permission). Mailing a questionnaire. Emailing a customer satisfaction survey (be careful not to violate spam laws). The best time to conduct a customer satisfaction survey is when the experience is fresh in the customer’s minds. If the business waits to conduct a survey, the customer’s response may be less
  • 5. McBride Financial Services accurate. They may have forgotten some of the details or confuse McBride with some other company. McBride Financial Services has an opportunity to reach a larger audience by promoting a marketing plan to help target more directed audiences. Designing a marketing plan using different media streams allows McBride Financial Services to reach a larger more diverse audience which should allow the company to be successful in their future endures. In today’s business world a company may not get the attention of the individuals they want by using one type of media. There is a better change for a business to be successful when it markets its business using more than one media source. By using smart marketing strategies for television, radio, and internet advertisements McBride Financial Services is more likely to get the target audience in which there business is design to capture.
  • 6. McBride Financial Service References: University of Phoenix, Virtual Organizations, McBride Financial Services www.management.about.com>...>BusinessStrategy>Competitiveinfo www.voices.yahoo.com/mcbride-financial-services... www.buzzle.com/articles/different-types-of-media-comerage.html www.businessdictionary.com/definition/customer-satifaction.html www.ehow.com>Business