Marketing and Fitness Center Essay

2374 Words Mar 3rd, 2015 10 Pages
Marketing C212
Narahari Silwal
01/16/2015

A1.
Our fitness is located in Cockeysville, Maryland, and provides fitness services to people of all age, level, and expertise. The main purpose of “Our Fitness” is to promote healthy lifestyles by providing knowledge on nutrition and exercising habits. “Our Fitness” is well known for it’s excellent services and aims to extend the business by providing two additional services. First, we will start fitness classes for people above 55 years old. These fitness classes are conducted to provide a comfortable environment for people above 55 to promote exercising habits and healthy lifestyles. Second, our fitness center will have our own restaurant next to the fitness center
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Facebook is the only social media platform that you need, no matter what field your business is in. The main reason to use Facebook to advertise is the use of Facebook by all age people. In addition to ease of use, Facebook ads and business pages are cost effective, reliable, and very quickly disseminated to all users. Finally, we will rely heavily on word-of-mouth advertising, as personal reviews are often the most trusted form of information. This marketing tool can also be used to reach the secondary market, visiting colleges and advertising our job opportunities as well as membership benefits. A3.
Price is the value that you exchange for a product or service. Pricing objectives should align with the company’s goals and can be affected by factors such as competition, consumer reaction, and other regulatory requirements. Generally, other fitness centers charge $59 per month as service fee and $55 per personal training class in the area. So, we need to provide service for lower prices than our competitors. On the other hand, it is very important to understand the demand of product or services before pricing because there is a direct relationship between price and demand. Our main pricing objective is to maximize the revenue and quantity. This objective helps to maximize long-term profits by lowering costs and increasing market share. Penetration pricing will be used to maximize the sales of quantity by means of a low price. First,

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