On our campus, we host annual Christmas and New Year gala events that include food stalls. During the most recent event, I established a food stall where I sold paneer sandwiches. The experience enabled me to acquire knowledge regarding the 4Ps of marketing.
Firstly, the Product I offered was unique compared to that of my competitors. While they sold ready-made sandwiches, I provided freshly grilled, hot paneer sandwiches through a live food counter. This distinction enabled me to attract more customers.
Secondly, the Price I set was nominal, with each sandwich costing only Rs. 45. This pricing strategy was lower than that of my competitors, attracting more customers to my food stall.
Thirdly, the Place or location of my food stall played a crucial role in my success. As I was familiar with the market, I was aware that there were only four food stalls. By creating a distinctive product, I became a monopolistic seller, further increasing my customer base.
Finally, my Promotion strategy was to offer a discount of Rs. 5 to buyers who shared a photo of my food stall on their Snapchat. This approach proved successful, as customers started sharing photos of my food stall in their respective groups. Within an hour of setting up my food stall, I had sold all of my paneer sandwiches.
As a result of my successful marketing strategy, I was awarded the title of "Swift Sizzle."
Finally, I would like to express my gratitude to Professor Godson Samuel for teaching us Marketing Management and providing us with valuable insights on marketing strategies.
Dr. Jayashree Veluthakkal Lakshman Kumar (Dr.YLK)
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3moomg love this so much! Amazing job, team!