This document discusses the development of customer strategy, including the product and company, buyer resolution theory, qualifying criteria for prospects, identification of prospects, type of buyers and buying situation, steps in the buying process, and prospect's buying behavior.
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Running head: DEVELOPMENT OF CUSTOMER STRATEGY DEVELOPMENT OF CUSTOMER STRATEGY Name of the Student Name of the University Author Note
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1DEVELOPMENT OF CUSTOMER STRATEGY Response to question 1: Product and company The concerns of global travellers Travis Merrigan and Nancie Weston about the poor quality of water and global plastic pollution influenced the foundation of the company GRAYL in the year 2012. The product GRAYL water bottle offer the facility of both purification and filtration solutions with durable quality. The business aims at eliminating both cumulative and immediate water hazards on a global scale (grayl.com, 2019). The product range of GRAYL contain purifiers and cartridges. It offers one press purification, which facilitates protection against full-spectrum of virus, bacteria and protozoa with the elimination of heavy metals and chemicals. GRAYL offers clean and safe water in the situations like travelling, preparation for disaster or be it dirty hostel water (grayl.com, 2019). Response to Question 2: Questions of Buyer resolution theory The process of buyer resolution theory involves the concept that selling and buying is related with the mental processing of various decisions. The purchase of the prospect will only occur when the prospects will be getting the responses of following questions: 1.Why should I buy? (Need)- It offers both purifying and filtering by eliminating the protozoa, virus and bacteria followed by the removal of chemicals and heavy metals (Hayslett, Colussi & Hawes, 2016). It can act as a portable water purifier but in a compact form for travelling and hazardous conditions. 2.What should I buy? (Product)- GRAYL water bottles: It has one-press features with UV bulbs purifies and filters water within 15 seconds Cartridge: The efficiency of a cartridge ranges up to 300 uses. 3.Where should I buy? (Source – Why should I buy from you?)
2DEVELOPMENT OF CUSTOMER STRATEGY GRAYL products can be bought from various physical stores but it is globally available through online shopping sites like Amazon where the consumers can also experience discounts on the product offerings. GRAYL products can also be bought directly through its website, which ensures authenticity and offers (sometimes). 4.What is a fair price? (Value for me) The price of the bottle is 59.95 dollars, which will last a very long time. The replacement cartridges ranges from 24 dollars to 29 dollars, which needs to be bought only as a replacement after 300 uses of the original one. 5.When should I buy? (Time) One can buy the bottle for the purposes like travelling, hostel life as well as disastrous situation. Response to Question 3: Qualifying criteria for prospects 1.Specific Issue Points- It will identify the issues of the target audience that the company offers to address. The problem here can be the inaccessibility of purified water. 2.The Trigger for Their Outreach- The increased level of the issue or lack of other alternatives in the category of portable purifiers. The prospect must be planning to travel somewhere with questionable accessibility of clean drinking water, prospects are preparing for a hazardous situation or an inconvenient hostel situation. 3.Awareness of the product or company- The awareness of the products and services regarding the offerings of GRAYL. 4.Budget- The budget of the consumers for a product like this. 5.Current Spending- It is important to understand the current spending of the prospects in self-care category so that GRAYL can offer a differentiating point for the bottles.
3DEVELOPMENT OF CUSTOMER STRATEGY Response to question 4: Identification of the prospect The prospects for the products of GRAYL are hostel students, travellers and people preparing for hazardous situations. The prospects can be the segments depending on age and income (demographic segments). It can also be psychographic segment depending on the lifestyle (travelling). Response to question 5: Type of buyers and buying situation The buyer type in this case will be Unconflicted as this type of buyers spends average. Moreover, even after considering the prices of the products, the products does not require rebuying at a higher frequency. The buying situation will be ‘new buy’ as the consumer will be buying the GRAYL bottles for the first time, which will lasts long. Response to question 6: Steps in buying process 1.Problem recognition: Understanding and recognizing the problem of inaccessibility of clean and purified water. 2.Information search: Prospects will be searching for solutions either through the recommendations of family friends, in physical store and/or in the internet. The GRAYL products offers unique solutions in a portable and unique form, which can attract the customers through word of mouth. 3.Evaluation of alternatives: Prospects will be assessing the available alternatives in order to arrive at a sensible buying decision (Viio & Grönroos, 2016). In this case, GRAYL competitive advantage will work in favour of the offering. 4.Purchase: It will involve the decision of the buyers in regards with the selection of place for buying the products. GRAYL products are available in their own websites, physical stores and through online shopping sites globally. 5.Postpurchase evaluation:GRAYL willhaveto present adetailedinformation regarding the replacement of the cartridge and the warranty schemes.
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4DEVELOPMENT OF CUSTOMER STRATEGY Responses in question 7: Prospect’s buying behaviour Basic needs: Clean and purified water Influences: The need for portable compact purifier during travelling, life at hostel and during a hazardous situation. The fear of getting ill. Motives: Investing in the GRAYL bottles for the healthy lifestyle and the products lasts for a very longer period (Lantos, 2015).
5DEVELOPMENT OF CUSTOMER STRATEGY References: grayl.com(2019).WhyGRAYL?.Retrievedfrom[online]Retrieved: https://grayl.com/pages/why-grayl Hayslett, D., Colussi, T., & Hawes, M. (2016).U.S. Patent Application No. 14/750,251. Lantos, G. P. (2015). Consumer behavior in action: Real-life applications for marketing managers. Routledge. Viio, P., & Grönroos, C. (2016). How buyer–seller relationship orientation affects adaptation of sales processes to the buying process.Industrial Marketing Management,52, 37- 46.