ar Plate Spinning Machine 3 Marketing Strategy 3 . 1 Market Segmentation Identify and define distinct segments
Question:
ar Plate Spinning Machine
Marketing Strategy
Market Segmentation
Identify and define distinct segments within your target market
based on demographics, psychographics, and behavior.
Positioning and Branding
Clearly define the unique value proposition of your innovative
solution.
Determine the desired positioning in the market and how it
distinguishes your solution from competitors.
Product Promotion
Develop a promotional mix that includes advertising, public
relations, personal selling, and sales promotion.
Specify the channels and platforms for promotion, considering
online and offline mediums.
Digital Marketing
Develop a digital marketing strategy encompassing social
media, content marketing, search engine optimization SEO
and online advertising.
Utilize digital channels to engage with your target audience and
create awareness.
Distribution Strategy
Outline the distribution channels through which your innovative
solution will reach consumers.
Pricing Strategy
Determine the pricing model for your product, choose one from
costbased, valuebased, or competitionbased pricing.
Explain how you set the price of your product. Relate with the
pricing method discussed previously.
Essentials of Marketing Research
ISBN: 978-0073404820
2nd edition
Authors: Joseph Hair, Mary Wolfinbarger, Robert Bush, David Ortinau