Impact of Marketing Strategies on Nigerian Transport Operations

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.

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Publication Details

Journal
Asian Journal of Economics Business and Accounting
Published
2024-12-24
DOI
https://doi.org/10.9734/ajeba/2024/v24i121622
Primary Topic
Customer Service Quality and Loyalty
Type
article
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article

Impact of Marketing Strategies on Nigerian Transport Operations

Joshua Remi Aworemi, A. O. Amoo Amoo
Asian Journal of Economics Business and Accounting
Customer Service Quality and Loyalty
article

Impact of Marketing Strategies on Nigerian Transport Operations

Joshua Remi Aworemi, A. O. Amoo Amoo
article en

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.

Asian Journal of Economics Business and AccountingVol. 24(12)
Ladoke Akintola University of Technology (NG)
Openalex Percentile: Top 66%
Customer Service Quality and Loyalty
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Impact of Marketing Strategies on Nigerian Transport Operations — Joshua Remi Aworemi, A. O. Amoo Amoo · Asian Journal of Economics Business and Accounting (2024) | TGRS Research Map | TGRS