Impact of Marketing Strategies on Nigerian Transport Operations
Year: 2024
Type: article
Study design: Observational Study
Abstract: Transportation is integral to socio-economic development, enabling movement and supporting urban productivity. But in developing nations like Nigeria, poor infrastructure, competition and low customer loyalty have made the transport sector a difficult task. To address these challenges, strong marketing strategies are needed which can engage public transport and increase both the economic and operational success of such transport. Thus, this study explores the impact of marketing strategies on customer acquisition, customer retention, revenue growth, enhanced brand awareness and image, competitive advantage, geographic expansion and market penetration in Nigeria. The study was conducted in a private transport company in Lagos, Nigeria. 181 respondents, who are staff of the selected transport company were chosen randomly. Data were sourced from only primary source using questionnaire survey. Descriptive statistics and multiple linear regression were used to analyzed the effects of marketing strategies on key operational outcomes. The regression analysis results indicate that transport marketing significantly affects transport operations, with R = 0.986, revealing that operational variables (customer acquisition, customer retention, revenue growth, enhanced brand awareness and image, competitive advantage, geographic expansion and market penetration) contributed to 98% variables in the strategic marketing of the company. In conclusion, effective marketing enhances transport company’s customer engagement, brand image, and growth. Recommendations include expanding online channels and leveraging content marketing and influencer partnership, this will help the company in achieving strong branding and build trust and confidence in their customers.
Authors: Amoo, A. O., Aworemi, J. R.
Institution: Ladoke Akintola University of Technology
Language: English
Subfield: Marketing
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4405733651