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Marketing Strategy
Marketing is all about letting people know what the product or service you offer is all about and persuading them to buy or use it .And for effective marketing you have to let people know about your product or service repeatedly.
Energy Drink
A soft drink that containing a high %age of sugar, caffeine, or another stimulant. Typically consumed during or after sporting activity or as a way of overcoming tiredness. Product Name: Voltage Product Logo:
Feasibility Study
1) Demand
Customer Needs
First we will identify customer needs in market.
Trend Analysis
Due to the fast growing environment the trends are changing continuously and people are trying to follow the western culture rapidly.
Sales
We should look carefully that our product may not already exist in the market.
Feasibility Study
2) Competitors As a lot of energy drink competitors are already present in market they compete each other in any way possible. Main competitors are: Red Bull OZO Speed Booster Powerfull Sting. ExtraPower Next
Feasibility Study
3) Customer
Profile
As we do not have yet place our product in market therefore we have no loyal customer.
Voltage will be available in 250ml, 330ml(Tin pack), 500ml. The packaging of the bottles would be aimed to look attractive. The packaging of the product will have a logo and the core ingredients fully disclosed on the back of the bottle.
We are targeting customers of ages above 12 who want a healthy life full of energy enriched with vitamins and with taste in it and a suitable alternative of calorie contained and costly energy drinks. The cost of this innovative product is extremely cheap compared to the available alternative energy drinks. Demographic Segments Age: Any person above the age of 12. Income: People above the income of Rs 10000. Social Class: Students, Working Class, Middle Class, Upper class, Elite classes Life Style: Healthy living, Sports , Modern.
Ad campaigns on Channels such as GEO TV, PRIME TIMES, PTV SPORTS, HUM TV, ARY DIGITAL, and EXPRESS NEWS etc. are carried out. Advertising on popular radio channels like FM 104.00, HUMARA FM is on aired. Magazines advertisements are also taken in account. The product is displayed on large bill boards in the country especially in big cities.
Facebook, Twitter, and other websites will be used for promotion. Sponsoring We will sponsor a various events, festivals in different colleges, universities,etc. Where we can also distribute free samples of our product. Events We will organize sports events like marathon race in Faisalabad. Where we can promote our product.
Positioning
The idea is to make the costumers think right about what the product is made of and positive image about the product. The following things would be emphasized in the process of positioning:
A pure fiber, vitamins and carbohydrates enriched drink
without any side effects It is not a medicine Not only for old people It is an alternative for energy drinks like red bull, sting etc More than a normal energy drink And all of the above perceptions would be possible by creating awareness in the customers by a proper marketing effort.
Conclusion
Our product not only aims to meet the demand and needs of the consumers at various levels of the target segment but also initiates us to bring forward a boarder and different product to the consumers that will cater their demands, needs and wants in much different manner. For this purpose we aim to bring a satisfactory level of promotion and advertising campaign that will together establish product loyalty as well as greater profits for the company.