A new product (you pick the product) will launch shortly; now its time for you to create a powerful publicity event to support the product's launch. Publicity can take many forms, so let's see what you've got in your bag of tricks (not a big-scale plan, a few tactical activities). Please share with the class your ideas for an effective product promotion.© BrainMass Inc. brainmass.com October 24, 2018, 10:11 pm ad1c9bdddf
We will be launching wine. Our wine will be catering to the connoisseurs and will be of premium quality. Ours is a product of numerous customer interactions and market research with our target segment. Target audience:
? Business owners or Adults 35+ with an average household income of 100K +.
? Male and female adults (not necessarily over 21 as the legal drinking age in other countries may not be the same as the US)
? Middle to upper class (as wine drinking is seen as more of a status drink than a "party" drink)
? Current wine drinkers and those with wine making/tasting interests (i.e. subscribers to wine connoisseur type publications)
? Business owners (party store owners, catering/banquet halls, etc.)
On the basis of demographic criteria's, we will segment our target market on the basis of income and education levels. Since we will be catering to mostly upper and upper middle class for our wines, the people in the higher income brackets will be our target markets. Further, since most of the wine drinkers are a status quo, we will focus on educated individuals.
Another important segmentation criteria will be psychographic criteria's like interests. People who are highly interested in wine tasting activities and consume wine on a regular basis due to their lifestyle or habits will also be our key target ...
This solution picks the product of wine and it identifies the target audience, publicity event to launch the product, objectives, proper media vehicle, and advertising message. References used are included.
Promotion and Price Analysis
I have selected a product called "iPod" and I need help in addressing the following issues concerning this product. Though I have read, analyzed and already addressed other issues regarding this product. But, I need help in addressing these remaining issues as listed below. I would really appreciate any help in this regard. Please respond only if you are addressing these issues and not just providing links or references. Thanks much in advance.
Product: "iPod" MP3 player from Apple.
Some issues that need to be addressed:
- Examplify how an "iPod" is being promoted via:
- Identifying promotional messages and describe how these messages are being conveyed via the three selected communication channels.
- Explain how these messages position the "iPod" to appeal to its target audience.
- Identify where the "iPod" is in its product life cycle.
- Explain how this life cycle stage affects the pricing strategy. If you can provide any examples in this regard, that would be helpful as well.