Fitbit: Revolutionizing Health and Fitness

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Fitbit is one of the leading companies in wearable fitness trackers.
Fitbit builds products to improve people’s health and fitness and also transform people’s life.
Fitbit helps to have a healthier lifestyle and increases the quality of life. It inspires to move more and eat healthy.
Fitbit creates wearable products that change the way we move.
Fitbit has various tracker devices including Fitbit One which I am going to talk about in my Assignment.

Fitbit Inc. was founded in October 2007 in San Francisco. The founders are James Park and Eric Friedman. They came up with the idea to increase people’s lifestyle through the increasing sensors and wireless technology. In May 2015 the company announced entering the share market.

Fitbit provides …show more content…

However, it is rain, splash and sweat proof. Unfortunately it is not made for swimming.

Target Market
Variable 1 Variable 2 Variable 3
Base: Demographic Base: Psychographic Base: Demographic
Variable: Age Variable: Personality Variable: Income
Description: Mid30 Description: Ambitious Description: Higher income
Justification: Professional people with sedentary lifestyle often need help and motivation to become fit although they want to regain or improve overall heath. The Fitbit device motivates to get more steps->walk, run and move more. (assumed) Justification: Customers determined to be fitter and wanting to achieve fitness goals. (assumed) Justification: Fitbit One’s current price is AU$129.95. (https://www.fitbit.com/au/store#one). As the device needs to be synched with a smartphone or computer, it is expected that this technology is available to the customers. (assumed)
Product Strategy – 3 levels of the Product
Level1 Level2 Level3
Theory …show more content…

Each level adds more customer value. The most basic level is the core customer value, which addresses the question What is the buyer really buying? When designing products, marketers must first define the core, problem-solving benefits or services that consumers seek. A woman buying lipstick buys more than lip color. Charles Revson of Revlon saw this early: “In the factory, we make cosmetics; in the store, we sell hope.” And people who buy a BlackBerry smartphone are buying more than a cell phone, an e-mail device, or a personal organizer. They are buying freedom and on-the-go connectivity to people and

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