Question: Help Developing a marketing strategy for an eBike Company which is an eBike industry leader located in Tomball, TX and has the following mission statement:

Help Developing a marketing strategy for an eBike Company which is an eBike industry leader located in Tomball, TX and has the following mission statement: We aim to address consumer and commercial stakeholder needs. Up until now, the company has concentrated on consumer sales. Now they wonder if they can expand their customer base since their new eBikes can go further than the competitors on each battery charge. While they are not the only providers of ebikes in the U.S., they are clearly the industry leader with this new Easybike, Characteristics of their new product, the Easybike eBike include: 1) increased battery storage 2) pedal assistance 3) Weight capacity up to 450 lbs 4)28 MPH for up to 120 miles on one battery charge 5) Foldable 6) easily shipped from Tomball, TX Their general goals are: 1) Create awareness of the new product 2) Increase revenues 3) Expand the customer base They will promote this through their website, social media, and advertising in industry and consumer publications. 2024 Financial Summary: Revenue - $42,500,000 COGS - $20,000,000(each eBike costs $800 to make and are sold at $1,700) Gross Margin - $22,000,000 Selling, General, and Administrative Expenses - $5,500,000 Net Profit - $16,500,000 KEY POINTS: Describe the target market for the eBike. Create a customer persona for the product using target segments. Research segments using 1) demographic 2) geographic 3)psychographic 4) behavioral segmentation. Propose three sectors with 1) the greatest growth prospects 2) most profitable customers 3)most promising opportunities for the product using scholarly research. Create a value proposition using the products functional, psychological, and monetary value. Prepare a customer value analysis to reveal the company's strengths and weaknesses relating to at least two competitors. Describe the positioning of the eBike and: o Address three points of difference (POD). o Address three points of parity (POP). Develop an overall marketing strategy that includes 1) market segmentation, 2) targeting, and 3) positioning the new EasyBike How will this marketing strategy provide a sustainable competitive advantage? Provide support to back up the strategy. Prepare a positioning statement for the product.

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