Marketing strategy of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife

Posted by Zander Henry on Aug-22-2018

1. The vision of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife

The vision of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife is to be the leading quality service and product provider for customers. Being the best and the leading player means that Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife marketing strategy and operations focus on:

• Providing high quality of products and services
• Providing value to customers
• Concentrate on building customer experience

2. The mission of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife

Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife marketing strategy is grounded in its mission. The mission for Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife is to be the favorite brand of the customers. This mission is essential for the marketing strategy of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife as it focuses on all operations and marketing activities in the direction of:

• Consumer centrism
• Using research to understand and influence consumers

3. Brand Equity of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife

Understanding and knowing the brand equity is vital for directing and giving meaning to the marketing strategy of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife. The knowledge of brand equity will help in shaping Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife marketing strategy effectively – thereby facilitating the growth of business for Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife.

3.1. Brand awareness

• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife has high brand awareness because of international operations
• The company focuses on higher budget allocation in the country of origin
• Each market for Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife has modified marketing and strategic directives and plans

3.2. Brand association

• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife is directly associated with the brand name and product category
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife has a broad product portfolio
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife is associated with promising and delivering quality and innovative products
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife is also associated with excellent customer service

3.3. Brand loyalty

• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife has been successful at gaining high consumer loyalty because of unique and influential marketing strategy
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife has a global customer base
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife keeps adding value addition to the products and product portfolio to keep consumers engaged

3.4. Brand asset

• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife has a substantial brand value
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife also enjoys the high financial worth
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife focuses on building a reliable and robust employee base

3.5. Brand element

• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife uses the brand element as a means of competitive advantage
• Uses adaptability in product, services, and marketing to meet different cultural demands

4. Situational Analysis of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife

The situational analysis will help in developing the marketing strategy of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife by conducting a thorough market analysis. This market analysis will aid in understanding the compatibility between external opportunities and other factors, and internal strengths – to be used to maximize the marketing influence of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife.

4.1. SWOT

4.1.1. Strengths

Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife marketing strategy can benefit from the following internal advantages:

• Strong brand image
• Global distribution network
• Investment in market research
• Innovation

4.1.2. Weakness

Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife faces challenges in marketing strategy because of the following weakness:

• Slow organizational processes
• High product prices

4.1.3. Opportunity

Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife has the following possibilities of business growth:

• Green lifestyles
• Regional expansion
• Diversification

4.1.4. Threats

Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife faces business threats because of the following factors:

• Increased competition
• Increased imitation

4.2. PESTEL

4.2.1. Political

• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife operates I markets with political stability
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife has funding support from the government for small businesses

4.2.2. Economic

• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife enjoys high sales because of higher GDP
• Lower interest rates make business expansion and loaning easier for Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife
• Low inflation strengthens the financial position of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife

4.2.3. Social

• Higher education and awareness increases sales of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife predict
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife focuses on understanding consumers and fulfilling their demands through its offerings

4.2.4. Environmental

• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife has an active CSR program
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife ensures environmental safety in all its operations

4.2.5. Legal

• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife is aware of local and global laws of business and human resource management
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife abides by all statutes – especially labour law, discrimination law, and employee safety laws

4.3. Porter’s Five Forces

4.3.1. Threat of substitutes

• High risk of replacements
• Substitutes offer similar products at low prices

4.3.2. The threat of new entrants

• New entrants need high financial investment
• New entrants need updated technology for keeping par with industry progress

4.3.3. Bargaining power of buyers

• Sales made to end consumer directly
• Stocking of products at retailers, as well as own-controlled retail outlets

4.3.4. Bargaining power of suppliers

• Multiple suppliers of raw materials
• Suppliers are chosen after careful inspection, and through contracts

4.3.5. Industry rivalry

• High industry rivalry
• Players offer similar products
• Players compete through marketing to influence consumers

5. Marketing Objectives for Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife: The Marketing Strategy of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife

Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife marketing strategy has the following objectives for the current financial year:

5.1. Increased market penetration

• Increase top of mind recall for Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife brand and products by 30%
• Increase sales for Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife by 40% by the third quarter of the financial year
• Achieve a trial rate for new products of 10% during the first quarter of the launch
• Increase consumption rate of existing products by 45% during the current financial year

5.2. Enhanced brand recognition

• Increase top of mind recall by 65% during the current fiscal year
• Increase brand recognition by 80% during the first two quarters of the current financial year

5.3. Increased use of digital marketing

• Acquire 25,000 new online customers during the financial year
• Increase website traffic through using blogging and email tactics effectively by 505 during the first two quarters of the year
• Acquire 65,000 likes on the official Facebook page of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife during the first quarter of the financial year

5.4. Retail Growth

• Contract with five more leading supermarkets in the first quarter of the year to stock product at eye level shelving
• Contract with two leading online retail sites – eBay and Amazon – to stock our products, and increase accessibility for consumers globally by the second quarter of the financial year

6. Segmentation of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife

Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife marketing strategy uses different means of segmentation to reach an increase in market penetration.

6.1. Demographic segmentation

6.1.1. Age

Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife has consumers of age groups

• 20-45 years
• 45-60 years

6.1.2. Gender

• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife has a broad product portfolio for both males and females

6.1.3. Life-cycle stage

Consumers for Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife, according to the marketing strategy, are in the following various life cycle stages:

• Single students
• Single graduates
• Single people living at home/not living at home
• Young couples without children
• Married couples with one to four children – all at home
• Married couples with one or two children in college
• Old married couples with an empty nest

6.1.4. Occupation

The marketing strategy devises the following occupations for Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife consumers:

• Professionals
• Students
• House makers

6.2. Psychographic segmentation

6.2.1. Social class

• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife focuses on segments of middle-upper and upper social classes

6.2.2. Lifestyle

Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife consumer segments have the following lifestyle characteristics:

• They aspire towards a better and higher living standard
• They want to be successful – professionally and socially
• They are not hesitant to try new things, products and services in life
• They are confident in their behaviour and attitude
• They are mainstreamers in their fields

6.3. Geographic segmentation

6.3.1. Region

• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife has operations spread across the western developed countries such as America, the united kingdom, and the Netherlands
• It also has operations in emerging markets such as Brazil, India, and China

6.3.2. Density

• The focus of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife remains on the urban part of the population

6.4. Behavioural segmentation

6.4.1. Personality

The marketing strategy defines personality characteristics for the consumers of the brand of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife, such as:

• Determined
• Confident
• Ambitious
• Hardworking

6.4.2. Usage frequency

• The consumer segments for Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife are regular and frequent users of the product

6.4.3. Benefits sought

• Consumers seek functional benefits
• The focus, however, is more on the emotional benefits reaped from the consumption of the brand

6.4.4. Degree of loyalty

• Consumers are very loyal
• Have an emotional attachment with the brand

7. Targeting of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife Positioning of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife

The marketing strategy of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife targets consumer groups based on segmentation as follows:

7.1. Target market

• The target market for Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife is from middle to upper class
• The target market is ambitious and desires to purchase high-end consumer products
• This target market also seeks affordability
• To meet target market expectations, the Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife focuses on quality control

7.2. Mass marketing

• The marketing strategy of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife focuses on mass marketing
• This also requires unique marketing designs and product promotion programs
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife makes use of one strategy to influence all segments

7.3. Undifferentiated marketing strategy

• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife does not differentiate between market segments
• It uses a single marketing strategy to target all segments and consumer groups
• Based on this, Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife also created the marketing mix under the marketing strategy as a singular one for the whole market – regardless of the segmentation divides.

7.4. Focus on quality

• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife has created, developed, and maintained a brand that satisfies all consumers under the undifferentiated marketing strategy and mass marketing
• No compromise on quality has been made in the broad product portfolio
• To ensure the influence of a single marketing strategy, the Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife has also adopted a consumer-centric approach in its overall marketing strategy and operations as well
• This was used for targeting strategy as well as for maintaining growth

8. Company Competitive Advantage in the marketing strategy of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife

The marketing strategy of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife stands out from the clutter and competition. Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife has also achieved a sustainable competitive advantage in its marketing strategy. This is because of the following factors that Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife has utilized:

8.1. Cost-effectiveness

• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife focuses on reaching consumers effectively rather than grandeur
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife focuses on developing an integrated marketing approach
• The use of digital marketing efficiently and expertly has helped the company reach a wider audience at a lower cost
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife has in-house copywriters for marketing campaigns which also helps in controlling costs
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife also focuses efforts on ground activities – which are less expensive than commercial marketing tactics

8.2. Innovation

• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife has stayed updated with latest developments in marketing research and marketing knowledge
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife makes use of new and innovative tactics to reach its target consumers
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife also employs top of the field marketers to facilitate its marketing strategy and promotional campaigns
• Each marketing campaign launched by Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife is effective catchier and more influential than the previous one

8.3. Strong market research and consumer understanding grounded

• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife marketing strategy is strongly grounded in consumer and market research
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife makes informed marketing campaigns and goals based on consumers’ behavioural feedback
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife also incorporates consumer feedback in its marketing strategy
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife marketing strategy is based on market trends, and consumer needs and wants

8.4. Making effective use of emotional appeals

• Consumers’ emotional needs strongly influence all marketing objectives and marketing goals set by Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife
• In addition to fulfilling functional needs, Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife also tries to fulfil the emotional and psychological needs of the consumer
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife tries to build a strong emotional bond with the consumer, which also results in high consumer loyalty

9. Distribution Strategy of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife

Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife marketing strategy highlights the use of the following distribution strategy to maximize reach and accessibility for consumers.

9.1. Intensive distribution strategy

• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife makes use of intensive distribution strategy because it is mass marketing
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife’s marketing strategy is based on undifferentiated segments, and thus an intensive distribution strategy allows high penetration and reaches in the overall market
• With the use of the intensive distribution, Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife tries to maximise its coverage of the markets where it's present
• For achieving the intensive strategy, the company uses hardcore 360-degree integrated marketing strategy and campaign to reach all consumers, across all segments in the market.

9.2. Direct distribution strategy

• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife uses direct distribution country of origin as well as in locations where it has subsidiary operations
• The Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife also makes use of modern retailing channels
• Also, Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife makes use of e-commerce and makes a sale through online retailers, as well as through the company website
• Direct distributions have allowed Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife to increase market penetration and accessibility for consumers

9.3. Indirect distribution strategy

• This strategy is largely used for offshore operations where the Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife does not have a subsidiary
• In these offshore locations, Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife largely works through the export model
• This makes use of several intermediaries in between, before the product by Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife reaches the target consumers
• Intermediaries for Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife include not only the end retail outlets, but also sales agents, retail agents, and distribution agents in offshore locations

9.4. Selective distribution strategy

• For some products of its portfolio which are premium in nature, Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife makes use of selective distribution channel
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife has maintained a few outlets in the country of origin, and in selected offshore markets for these products
• These placements and locations are chosen based on the niche market that Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife has for its premium products
• These locations, placements, and marketing strategy helps make the company’s product selectively, but readily accessible for its niche target audience

10. Competition Analysis in the marketing strategy of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife

The industry in which Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife operates is very responsive to market and consumer trends. Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife, therefore, needs to be vigilant in its market strategy towards competition – to make sure that it maintains its competitive advantage.

10.1. Strategic Group Analysis

• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife competes with direct and close competition based on quality and price
• Consumers choose between different companies from the industry based on their functional offering
• Consumers have progressively evolved to strengthen loyalty and form an emotional bond with products that they consume
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife also competes, thereby, with close competition for building stronger brand image, increasing consume loyalty, and for forming strong emotional ties with the consumer

10.2. Industry rivalry

• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife experiences high industry rivalry
• The barriers to entry for the industry are low, and new entrants gain easy access in the industry
• The number of local as well as global players is increasing

11. Marketing mix of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife

The marketing mix for Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife as per the marketing strategy is the following:

11.1. Product

• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife has a broad product portfolio
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife provides mass marketed products for all segments across the market undifferentiated
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife also provides some selected, premium products to niche customer groups
• All products in the portfolio consistently maintain high quality
• All products are tailored to meet consumer specifications, demands and needs across different regional markets
• The Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife maintains a high focus on innovation in products and introduces new products frequently to keep the consumers engaged

11.2. Place

• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife wants to have a close, emotional and personal relationship with its consumers
• The company maintains high control in its distribution strategies – especially through direct distribution strategy
• The company has a presence in leading supermarkets
• The Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife also has company-operated stores in malls, and otherwise to make products accessible to consumers easily
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife also makes use of e-commerce to increase penetration and sales

11.3. Price

• The Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife prices its products so that its target consumers can afford it easily
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife uses relative pricing strategy for its products
• The price of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife’s products include not only the high quality raw materials and value additions but also the enhanced customer experience they deliver
• The company’s pricing strategy allows it to enjoy stable revenue and profit growth

11.4. Promotion

• The Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife has a high budget allocated towards marketing activities
• The Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife invests substantially in digital marketing activities to reap high and effective results
• Use of digital marketing has also allowed Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife marketing strategy to cap costs and expenses
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife also takes part in direct consumer engagement through on-ground activities where the company initiates trials
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife also invests in traditional media channels to reach maximum consumers in the market

11.5. People

• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife has a large workforce across different companies
• This workforce is continually trained to become experts in their respective fields of operations
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife hires without discrimination
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife ensures that its employees remain motivated through building an inspirational and creative organizational culture
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife focuses on also building and maintaining organizational commitment and loyalty in its employees

11.6. Process

• All activities at Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife - from raw material procurement to the final sale to the end consumer - undergo systematic processes
• The processes at Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife are well defined, and well communicated to all employees
• All employees are trained to follow the processes internally to ensure consistently high quality as well as timely production and deliveries
• The systematic processes also ensure a smooth running of operations at the Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife

11.7. Physical evidence

• The physical evidence for Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife includes the company logo, company store designs, and the product packaging
• Satisfied and excited customers in the retail spaces of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife, as well as during product consumption create a bubbling and an inviting atmosphere
• The e-commerce website for retail by Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife is also designed with a friendly customer interface to allow maximum interaction with the brand
• The store designs created by Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife for its retail space allow consumers maximum interaction with the products directly.

12. Promotional tactics for the marketing strategy of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife

12.1. Digital marketing

• The company uses social media for reaching consumers effectively
• The Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife interacts with the consumers directly, and engages with them, answers their queries and takes their feedback
• The company also shares information and build relationships with consumers through digital marketing
• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife also makes use of blogging, emails, and content creations as a means of digital marketing

12.2. Conventional marketing

• The company uses a 360-degree approach in its marketing strategy
• This means that the company makes use of traditional marketing channels as well – such as TV, magazine adverts, and out of house placements

12.3. Influencers

• For direct, on-ground engagement, the company uses influencers
• Influencers interact with consumers directly, or through their channels of communication as a means of content creation and endorsing the Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife brand

13. Monitoring and evaluation of the marketing strategy of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife

13.1. Changes in sales

• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife regularly tracks its sales to identify the effectiveness of its marketing strategy
• Increase in sales reflect the success of marketing strategy of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife
• Sometimes, Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife experiences increase ins ae after some time of the launch of the marketing promotions

13.2. Surveys and focus groups

• Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife frequently conducts focus groups and surveys to identify its brand worth
• These methods also help the company identify brand value, brand recall, and brand recognition
• Focus groups allow Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife to gather feedback on its marketing strategy and helps it understand consumers better

13.3. ROI

• Effectiveness of marketing strategy of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife can also be seen through the revenue and profit growth
• Return on investment allows Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife to effective gauge the effect and influence of the marketing strategy, and measure its success

13.4. Attainment of marketing objectives

• All marketing objectives set by Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife are SMART
• The quantitative set against each of the marketing objective can facilitate attainment evaluation for the overall marketing strategy
• Successful and timely attainment of these marketing objectives highlight the success of the marketing strategy of Who Wants to Be a Millionaire Bill Ackman s Big Short of Herbalife