Virgin Mobile Marketing Metrics

Virgin Mobiles business model consists of several different strategies for success. On July 2002, Virgin launched its new cellular service company, largely geared for individuals ages 15- 19. The UK-based company had plans to acquire new clientele by tapping the jejuneness market with the following tactical manoeuvre Text messaging bundles Virgin believed text messaging was a key selling point for youth as kids would often communicate with friends or family through this medium as it was cheaper than daytime minutes and a to a greater extent discrete form of communication while in class.Ring Tones Virgin offered a large survival of the fittest of favourite and popular tunes and music that could be set as your cellular ringtone. Fun Clips Are sound recording clippings of new gossip, sports information, jokes and other information that teens generally have interest in and have the time to review. former(a) features such as Music Messenger allowed cell phone users to share their fav ourite music with their friends and classmates.These features bring uped more to the youth market and generated additional cell phone usage (if not by using minutes) and node loyalty. Virgin believed that these mediums would bond customers to their phones therefore creating more interest. Virgin signed contracts with several phone manufacturers such as Kyocera, Nokia, LG and more to enable a variety of phones to choose from each providing a different benefit that would appeal to the youth.By adding these features and targeting the 15-24 market, as well as being a contract-free cell phone provider, this generated more interest in the market because the ones under 18 would have had to use their parents to sign a contract for them in sound out to have a wireless device, this way, Virgin enables customers the freedom. Assuming the chip of customers is 5 in year one, and storage rate is 75% the decline in customers yearly thereafter will be deducted by the homogeneous percentage.By taking the number of effective customers in 2001 and multiplying it by retention rates we acquire the pattern or deduction. (copy and pasting the formula along the years 2002, 2003, 2004, 2005 and 2006 the five-year wireless contract). Retention rate was calculated by assuming the number of total customers was 100. 25 customers left to another service provider. 100-25 = 75. (75/100) *100 = 75% Retention. anovulant 1 of spreadsheet Tab 2 of spreadsheet