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Marketing strategies for cvs pharmacy

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Yuanping Hu
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Marketing Strategies for CVS Pharmacy NMDL-Final Marketing Plan Yuanping Hu
Main Challenge: High Competition & Low Differentiation How to Build Customer Loyalty
Key Strategy: Make Customer’s Loyalty Rewarding
Social Media Strategy: Engaging Fans Likes Coupons
Relationship Marketing Strategy: Personal Picks and Extra Bucks
Mobile Marketing Strategy: Check-ins Customized Offers and Recommendations from Local Stores
It Is a Marketing Plan So… Sales Matters! The Amount of Coupons Redeemed The Amount of Extra Bucks Used The Amount of Chenk-ins
Total Budget For This Campaign $1Million Social Media $0.5Million Relationship Marketing $0.25Million Mobile Marketing $0.25Million Note: CVS’s 2011 revenue is $107.5 Billion
Working For the Whole Year Suggested Implementation Cycle – 6 Months

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