The marketing team at Nectar Perfume held a meeting to discuss decreasing sales over the last 3 months that have decreased by 45%. Ideas proposed to increase sales included maximizing social media advertisements on TikTok Shop and hiring Korean celebrities as brand ambassadors to attract new consumers both nationally and internationally. The marketing manager approved utilizing remaining cash from previous months to fund the new promotional strategies, assigning roles and responsibilities to implement the plans.
The marketing team at Nectar Perfume held a meeting to discuss decreasing sales over the last 3 months that have decreased by 45%. Ideas proposed to increase sales included maximizing social media advertisements on TikTok Shop and hiring Korean celebrities as brand ambassadors to attract new consumers both nationally and internationally. The marketing manager approved utilizing remaining cash from previous months to fund the new promotional strategies, assigning roles and responsibilities to implement the plans.
The marketing team at Nectar Perfume held a meeting to discuss decreasing sales over the last 3 months that have decreased by 45%. Ideas proposed to increase sales included maximizing social media advertisements on TikTok Shop and hiring Korean celebrities as brand ambassadors to attract new consumers both nationally and internationally. The marketing manager approved utilizing remaining cash from previous months to fund the new promotional strategies, assigning roles and responsibilities to implement the plans.
“Company marketing team meeting (Nectar Perfume) to increase sales results”
Group 8 Marketing Manager: Muh Irshad Abror Putra Raja Akbar Digital Marketing Specialists: Mursadilla Brand Specialists : Eka Astria marketing staff: Muh Syawal Noor Nia Ramadhani Selpiani At a cafe in the afternoon, the entire marketing team had gathered for a meeting, they were waiting for the presence of Mr. Irsyad (Marketing Manager) of the company "Nectar Parfume." Not long after, Mr. Irsyad came to join and greet the marketing team. They shook hands and Mrs. Nia, one of the marketing staff invited everyone to sit down to immediately start today's meeting. Nia: Good afternoon to Mr. Irsyad, Mrs. Dilla, Mrs. Eka, and fellow Marketing Staff Pak Syawal and also Mrs. Selpiani who was present. On this occasion, we will hold a meeting which will discuss sales problems over the last 3 months which have decreased. Henceforth Mr. Marketing Manager to open this meeting. Irsyad: Fine, good afternoon. All: Afternoon sir. Irsyad: Yes, thanks to those of you who came. All right, let's start this meeting. First of all, I would like to hear the last 3 months' sales report. Selpi: Ok sir, I will report the sales results for the last 3 months, market demand has fallen by 45%. We have tried our best to increase market turnover but the demand for our products continues to decline day by day. Irshad: What?! How can market turnover decrease so drastically, even though I think we just released a product and took the company's cash for it? What could be the cause? Dilla: I think the problem is in our decreased turnover due to the many products similar to those of our company sir. They try to compete by creating innovations with a more contemporary style. Both in terms of promotion and packaging, sir. Irshad: Thank you for the explanation. In this case, we must quickly take action so that sales results increase immediately. Dilla: Currently for digital marketing I plan to maximize product advertisements on the Tiktok Shop application platform according to current trends. As a social media with the most users, of course, this will be our opportunity because it will be connected with millions of active users from various backgrounds who will be our company's target market. Eka: Agreed, I agree with Dilla about following trends, but not only that. I think to develop the potential of our brand on national and international levels, I think we also need to do endorsements. Paying public figures or celebrities to become brand ambassadors for our products, what about Korean idols? They are being enjoyed by many people around the world. It can again attract the attention of our consumers. Irsyad: It's a good idea to do a program like that. But first I want to know the income statement, changes in equity, and balance sheet for the last three months. Syawal: (submits the report then opens the laptop.) So sir, if we take from the previous month's cash, it can finance the promotion of our product. Because this month's profit is below average than usual due to this problem. So I think we can take from the previous month's cash and pay the brand ambassador to increase our product promotion, sir. Irsyad: After I saw this report, Yes. I think I agree with what you said earlier Syawal. Syawal: Fine sir, Thank you. I will arrange the entire cost that we need for the cost of brand ambassadors for our products, sir. Irsyad: Okay, this project can start this month. for more information on who will be our company's brand ambassador, I leave it to Ms. Eka as a Brand Specialist to arrange it all. I'm waiting for the results as soon as possible to be informed by the main director. Eka: Yes ready sir. Nia: Well then I think the minutes have been able to convey the results of today's meeting. Selpi: OK, I will read out the results of today's meeting. For digital marketing, we will add our e- commerce platform for promotion, namely at the Tiktok Shop. Increase market potential to create relevant brands both nationally and internationally by conducting endorsements (paying public figures or celebrities as company brand ambassadors.) Thank you. Nia: That's all for today's meeting, thank you ladies and gentlemen who participated in today's meeting. Irsyad: Please return to each job disk and immediately do their job. All: Ok sir.