Marketing strategies for a new product?
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02-19-2014, 12:39 PM
Post: #1
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Marketing strategies for a new product?
If an engineering company(e.g Sony) wants to release a new product(e.g. an entertainment device) what should the marketing department start doing?
I mean if there is a necessity for a survey to be conducted about the product(before it is launched) what should the survey include? What marketing strategies should be used? Ads |
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02-19-2014, 12:40 PM
Post: #2
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What problems does your target market have that your product will solve? What media does your target market use where you can display this relevant information? If I could leverage the pulling power of Sony I would send the products to test to influential people in the industry. TV,Radio trade publications etc. A solid review from a sector expert who goes onto social media to give you a positive review is very powerful. Beware a bad review!
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02-19-2014, 12:45 PM
Post: #3
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review from a sector expert you can also take a look below.
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02-19-2014, 12:54 PM
Post: #4
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Pricing strategy - skimming or penetration depending on whether they think competition will act quickly.
Product strategy - Not much point doing market research for brand new products. refer link to innovation material below. Promotional strategy - depends on target market. Normally PR, probably social media to get early adopters on board and spread the word to mainstream. Distribution - probably Sony approved distributors. Online retailers as well. |
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