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Target market positioning strategy
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2.0 Evaluation of Current Market Situation
Sosa has been a successful product brand for three years.It has built a reputation by offering the most delicious, nutritious, health and functional beverages with no artificial flavours, colours or preservatives. The company is seeking to rise toward national prominence in the premium functional juice market.
2.6 Marketing Objectives
Sosa aims to obtain 10% market share, with 75% brand awareness of Sosa Super healthy juices in our target market, primarily targeting Georgetown and its suburbs in the first year. In addition, the company aims to:
emphasize promotion and advertising
innovate regularly
develop new customer interactive program to engage with customers
3.0 The objectives of this Communication Program
The marketing plan relies heavily on product innovation and using the marketing mix to target different groups of target customers in the market since there are a number of competitors selling similar products and the customers have been receiving the same type of advertising campaign message for more many years. To date the company has relied upon word-of-mouth to reach it customers.
3.1 Sosa’s Target Audience
Primary Target:
• Working professionals becoming more concerned about their health.
• Frequent the gym
• Chose rich nutrition over taste
• Do not care about price
• Brand image is important
• Influenced by scientific research
• Concerned with how they look
Secondary target:
• Older adults looking to improve their health
• Looking for solutions to health problems
• Heart, cancer, hardening of the arteries and related diseases
• Influenced by scientific research
• Want to live longer
• Do not care about price
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... middle of paper ...
...13 April 2014, from https://www.devex.com
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Laric and Lynagh. (2010). The Role of Integrated Marketing Communications in Sustainblity Marketig. Procedings of ASBBS Annual Conference: Las Vegas, vol. 17, no. 6, 108-119.
Marketline. (2013, September). Retrieved May 15, 2014, from Global Juices: http://www.reportlinker.com/p0132105-summary/Global-Juices.html
Medina, S. (2014). Key Trends in Functional Food Products. Retrieved February 14, 2014, from Source: New Nutrition Business, Volume 15, Number 8, June 2010 Issue: http://www.foodproductdesign.com/articles/2010/11/key-trends-in-functional-food-products-teaser-con.aspx
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Nevertheless, it must “defend” its current market share if not increase it, by maintaining premium quality and develop innovative products. The marketing mix strategies will effectively achieve targeted revenue and profitability in the near future.
Once the target market has been identified it is important to develop a marketing strategy. In today's fast paced, information overloaded society; conveying a message about a product seems to be more difficult than ever. The consumer is bombarded with advertising everywhere they look. Today advertising not only exists on television, radio, magazines, and newspapers, it can be found on billboards, park benches, in our mailboxes, on buses, taxis, at sporting events, and on clothing.
This report is a business investigation on the Boost Juice business. This report is going to describe the Boost Juice business and its global expansion. It is also going to describe the roles of the business and the ways boost can be classified. The report is also going to explain the internal and external influences that have affected the business.
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In 2003, Palmer Jackson, Inc. created a new line of sports beverage called Green Ox. This beverage has some differences from other similar beverages, as it contains the benefits of antioxidants and it can compete in more than one category, such as sports drinks, vegetable juices, and antioxidant supplements. These are not the only advantages of Green Ox, because some reputable reports argue there is a strong link between using the vitamins and minerals that Green Ox has to reduce the risk of some specific types of cancers, and Green Ox will launch on a type of market that is growing to 15% per year. In order to ensure the success for Green Ox, the company has contracted with Marketing Studies Incorporated (MSI) to study the market and do some important researches. However, Palmer Jackson, Inc. faced one of the challenges that has been common when companies prepare to launch new products on the market. First, the company needed to determine the target audience, especially as we know the large variety of people who deal with this kind of product. Second, the company needed to think thoroughly about how it could position Green Ox with its benefits on consumers’ minds, as Green Ox has the capacity to compete in three different
In order to provide a structure upon which a comprehensive marketing plan can be build, Sainsbury's should adopt a SOSTAC model in order to help the development of a logical structure combined with the key elements of a plan.
Introducing a new product line focusing on flavored syrups – addresses S1, S2, and O1
When a business aims to be as successful as possible in selling its products and services, it must examine in detail whether or not the products will be attractive and necessary; if the price is optimal; if the product is being distributed in the best locations; and finally, how interest and awareness can be created for the products. In order for a business to target all of these elements at the right people at the right time, it must employ the right type of marketing mix: Product, Price, Place and Promotion.
American Journal of Food Technology 6.6 (2011): 441-59. Print. The. Gonzalez, Julina. A. Roel. " "The Philosophy of Food," Edited by David M. Kaplan.
Cravens, D. W., & Piercy, N. F. (2009). Strategic marketing (9th ed.). New York, NY: McGraw-Hill.
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The following report presents an Integrated Marketing Plan for Nokia in the UK. The plan deals with media planning, segmentation, strategic and tactic planning of IMC, evaluation and such. The main aim of this plan is to expand Nokia’s consumer base, establish Nokia’s brand values and position it among the target audience, and also communicate the brand values with customers effectively, while simultaneously influencing sales to grow. This plan is created to ensure maximum effectiveness in Nokia’s marketing approach. The main aim of this plan is to assist Nokia in their IMC activities in the UK.
The company’s new beverage will compete with Coke and Pepsi and other soft drinks products for the market share. Due to its unique characteristic of it being an all natural sparkling drink, it will create a unique brand of its own and will sell to an untapped population of consumers who are not ready to consume carbonated drinks. Natural drinks with no additives are highly recommended especially in this era where there have been health concerns due to the carbonated soft drinks. These concerns have also led to a decline in the general consumption of the soft drinks as portrayed by the recent results of the major players in the business (Kotter, 1995).
The target market will be specifically made up of males and females ranging in ages from 18- 45. This segment was selected as many people younger than this age are still having their meals selected for them whereas those who are older than this bracket are seeking a healthier and more holistic lifestyle. For secondary target markets healthier products should be provided as well as products for children
They meet everyday needs for nutrition, hygiene, and personal care with brands that help people feel good, look good and get more out of life. They say “Our deep roots in local cultures and markets around the world give us our strong relationship with consumers and are the foundation for our future growth. We bring our wealth of knowledge and international expertise to the service of local consumers - a truly multi-national multinational. Our long-term success requires a total commitment to exceptional standards of performance and productivity, to working together effectively, and to a willingness to embrace new ideas and learn continuously. To succeed also requires, we believe, the highest standards of corporate behaviour towards everyone we work with, the communities we touch, and the environment in which we have an impact.