introducing a new product in a market

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Page 1: Introducing a new product in a market
Page 2: Introducing a new product in a market

Marketing Presentation

Group MembersAsad Ghazanfer (0069)Daniyal Khan (0047)Malik Umer (0104)Muhammad Mukarram (0010)

Page 3: Introducing a new product in a market

OUTLINESLaunching A New ProductCurrent Marketing SituationSWOT AnalysisObjectives and IssuesMarketing StrategiesAction Plan

Page 4: Introducing a new product in a market

To make your surface sparkling clean, People use a variety of products which are

expensive as well as not very much effective.

We provide you a product which is cost effective and easy to use & removes germs

& make your surface sparkling clean.

Page 5: Introducing a new product in a market

Launching A New Product

Super XSurface Cleaner

&

Germs Killer

Page 6: Introducing a new product in a market

Packaging

Page 7: Introducing a new product in a market

Multi Surface CleanerDusts and cleans just about everything so easily that you could use it almost every day.

Use it on a number of surfaces including:

Page 8: Introducing a new product in a market

How do buyers currently go about buying Surface Cleaner Products?

The product is low involvement product. This is because customer does

not seek much overt information for such products. They are usually

aware of benefits offered and about top brands in the market. The

purchase decision for such products is mostly planned.

Page 9: Introducing a new product in a market

Current Marketing Situation

Market Description:• The potential target market of our product is very vast as it

includes segments who invest in cleaning brands as well as segments that purchase insect killers like housewives, etc.

Target Group:• Urban households, restaurants, hotels etc.

Page 10: Introducing a new product in a market

Product ReviewIt’s an innovation because it performs three

functions. We can say its “3 in 1”

Floor Cleaner

Page 11: Introducing a new product in a market

Germs Killer

Page 12: Introducing a new product in a market

Insecticides Repeller

Page 13: Introducing a new product in a market

Aims & Objectives

Our aim is to become a worldwide known

product in cleaning brand.

Page 14: Introducing a new product in a market

CompetitorsOur competitors are:

Harpic Domex Dettol

Page 15: Introducing a new product in a market

SWOT ANALYSIS

Page 16: Introducing a new product in a market

Strength

1)Good brand promotion by advertising and other media

2)Good distribution channel that ensures brand presence

3)One of the most popular brand in the cleansing market

4)The Quick dry formula will reduce drying time

Page 17: Introducing a new product in a market

Weakness

1) Tough competition means limited market share growth

2) Fake products with similar names affects brand presence

3) Confusion can exist about our brand image

Page 18: Introducing a new product in a market

Opportunities

1) Still major market not tapped

2) Should extend in rural market

3) Bring variety in products

Page 19: Introducing a new product in a market

Threats1) Local players offering at low

price.

2) Substitutes such as detergents available for cleaning

3) Increase in low cost private labels

Page 20: Introducing a new product in a market

Marketing Mix

ProductPricePlacePromotion

Page 21: Introducing a new product in a market

ProductClassification

Focuses the needs of wide Household public

3 in 1 quality • Different places • Brand name • Brand logo

Page 22: Introducing a new product in a market

Pricing StrategyMarket entry strategyWe will apply the combination of customer oriented pricing

and market penetration strategy, to maximize the segment of potential target market

Our Product Name

Our Product Quantity

Our Product Price

200ml Rs:60

Super X 500ml Rs:99

750ml Rs:135

Page 23: Introducing a new product in a market

Competitors Name Competitors Price Competitors Quantity

Harpic 200ml500ml750ml

Rs: 65Rs: 105Rs: 145

Domex 500ml Rs: 125

Dettol 500ml Rs: 124

Competitors Product Price & Quantity

Page 24: Introducing a new product in a market

Place• Urban Area• Direct selling• Shops • Super stores

Page 25: Introducing a new product in a market

Promotion• Advertising • Sales promotion• Public relation• Personal selling • Direct marketing

Page 26: Introducing a new product in a market

Market segmentation

•Process of dividing the market into groups (market segmentation)

•Target marketing is marketing directed toward those groups an organization decides it can serve profitably.

Page 27: Introducing a new product in a market

TARGET MARKET SEGMENTATION

Includes segments who invest in Cleaning Brands as well as Insect killers.

Page 28: Introducing a new product in a market

TARGET MARKET SEGMENTATION

• Age of buyers (women in the age group 25-50 years)

• Family life cycle-Married with or without children

• Light users (Average usage 1-Later per year)

Page 29: Introducing a new product in a market

Types of segmentation

• Geographic segmentation• Demographic segmentation• Psychographic segmentation• Benefit segmentation

Page 30: Introducing a new product in a market

DEMOGRAPHICSFocuses on urban scale of usage

Page 31: Introducing a new product in a market

PSYCHOGRAPHICGetting rid from the mess of buying three different surface cleaners.

Page 32: Introducing a new product in a market

Psychographic segmentation

Getting rid from the mess of buying three

different types of surface cleaners will

motivate the buyers to go for our brand.

Page 33: Introducing a new product in a market

Benefit segmentation

Customer’s behavior will be positive toward the product because the company

tried to meet all the desired needs and wants of its customers.

Page 34: Introducing a new product in a market

RecommendationWe Recommend

Super X3 in 1

Surface Cleaner

Page 35: Introducing a new product in a market
Page 36: Introducing a new product in a market