This document discusses the development of a new brand in the fitness delivery service sector. It covers market trends, competitor analysis, and major opportunities within the market. The document also explains the brand graphics, slogan, packages, and communication strategy for the brand.
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MARKETING1 Brand Development By (Name) Name of the Course Name of the Instructor Institutional Affiliation City and Date The final date of Submission
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MARKETING2 Table of Contents FITNESS DELIVERY SERVICE......................................................................................................4 Executive Summary......................................................................................................................4 Body.................................................................................................................................................4 Sector Analysis.............................................................................................................................4 Market Trends..............................................................................................................................4 Major Opportunities within the Market.......................................................................................5 Competitor Analysis.....................................................................................................................5 Positioning map...........................................................................................................................6 Development of a new brand in the Market.................................................................................7 Explanation about fitness tracker product..................................................................................7 Gaps in the market.......................................................................................................................7 Opportunities for the brand.........................................................................................................8 Explanation of the brand graphics..............................................................................................9 Brand Slogan.............................................................................................................................10 Brand Packages.........................................................................................................................10 Brand Logo................................................................................................................................10 Communication strategy for the brand......................................................................................10 Targeted components of the brand............................................................................................11 Technical part................................................................................................................................13
MARKETING3 Recommendations on how the Brand should be managed............................................................14 Marketing plan...............................................................................................................................15 Market Research........................................................................................................................15 Target market.............................................................................................................................15 Positioning.................................................................................................................................15 Competitive analysis..................................................................................................................15 Marketing strategies..................................................................................................................16 Budget........................................................................................................................................16 Conclusion.....................................................................................................................................16 References......................................................................................................................................17
MARKETING4 FITNESS DELIVERY SERVICE Executive Summary Marketing is one of the fundamental sectors that are known to have gained popularity in modern society. Various people and organizations have been able to come on board with quite a number of delivery services that aims towards scaling up the condition of society. Moreover, within the delivery service sector, a number of products have been implemented to ensure that all the needs of the customers are met appropriately. Nearly all the services being offered in this sector have been ranging from one organization to the other where it has also been able to depend on the condition of the current market platform (Liu and Chou 2016). This has further enabled quite a number of individuals and organizations to come on board with various regulations that govern their delivery services. Body Sector Analysis Market Trends Over the past years, the consumption trend within this sector has been gaining a long of popularity across many regions both at the national and international level (Douglas, Craig and
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MARKETING5 Nijssen 2016). This has further contributed to the rise in the total number of consumers within the sector thus leading to the demand for various products and services that aims towards satisfying the needs of the targeted customers (Clancy 2016). This places the U.K to be one of the most unique markets as far as fitness delivery services are concerned. There has been a rapid growth of social networks within the U.K market thus making it much easier to carry out quite a number of operations without any disturbance. Major Opportunities within the Market There is minimal competition being experienced both at the local, regional and national level. The lack of competition from various organizations and individuals makes it much easier to come up with a variety of products and services that aims towards scaling up the entire delivery sector to ensure that a good number of the targeted goals are accomplished in real time. On the other hand, there is a humble opportunity for an individual to carry out business expansion both at the national and international market platforms in order to satisfy the needs of various customers irrespective of their places of residence (Schivinski, Christodoulides and Dabrowski 2016). Currently, there are certain forms of brands that tend to offer some competition within the market. This is because the brands have gained much popularity across many individuals and perhaps they have been able to satisfy the needs of their targeted customers through the appropriate implementation of advanced techniques that can be easily understood by everyone. Competitor Analysis The major competitive brand within the U.K market is the beverage brand whose consumption has increased to a greater level making its current situation to be on high demand
MARKETING6 within the market platform (Beverland and Lindgreen 2016). It has been a competitor to most of the delivery services that have been focusing on the supply of other types products thus leaving them behind at some point. Moreover, there are several other major brands that are known to be supplied within the delivery service sector; these brands tend to be supplied in various places regardless of where the customers are situated. Tea products, milk products, and even alcoholic drinks are some of the major brands that have covered a good percentage of this sector (Lockshin and Spawton 2016). This is because they are consumed almost on a daily basis by different types of consumers. Moreover, as far as positioning map is concerned, alcoholic beverages tend to cover the largest percentage of service delivery since they are delivered to various destinations where their consumption rates tend to be very high. It is then followed by milk products, nearly each and every homestead is known to be using milk products on a daily basis, and this has made the brand to be delivered in large quantities across a large number of individuals living in various homesteads. Tea brand then follows within the positioning map where they are known to be delivered to various destinations. Positioning map High quality Fitness tracker products Low priceHigh price Tea productsAlcoholic products Milk products Low quality
MARKETING7 Development of a new brand in the Market Coming up with a new brand in the market will be one of the most essential decisions that are set to benefit quite a number of individuals most so the ones who have been in need of the brand for their personal benefit. One of the major brands that will be introduced in this sector will be an innovative brand (Dickinger and Lalicic 2016). This is to ensure that there is an advanced introduction of the targeted types of breakthrough products and even technologies. Explanation about fitness tracker product The main product that will be focused on by this service is known as fitness tracker. It will be able to adequately track and monitor quite a number of physical activities. Moreover, the fitness tracker also has the capability of carrying out an appropriate monitoring of various forms of psychological functions which normally include things like breathing, heart beat rate and even and eve sleep. The fitness tracker therefore aims towards offering quite a number of advantages to most of the customers most so the ones who are interested in the world of sports. On the other hand, it will make it easier for quite a number of personalities to adequately exercise in order to maintain the flexibility of their body system (Brooks and Anumudu 2016). Gaps in the market There are quite a number of gaps in the market platform that led to the development of the brand. These gaps have been able to hinder most of the customers from attaining what they need. Due to this, it was, therefore, important to come up with a modern form of a brand that will ensure that positive outcomes are adequately achieved as far as issues dealing with technology are concerned (Kulikova et al. 2016). One of the major gaps that have always existed in the market is the unavailability of the product in the market. The brand is currently not available
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MARKETING8 within the market thus giving most of the customers a hard time in carrying out various operations and achieving various goals within the required time. Additionally, all the brands that have existed within the market have been of low quality and what is worse about them is that they do not last long as expected thus failing to serve the intended purpose. On the other hand, higher market prices also act as another gap that has brought about quite a number of difficulties within the market. A good number of the brands that have been existing in the market are charged at higher prices, this makes it difficult for most of the consumers to meet the required price as far as matters pertaining purchase are concerned (Evans et al. 2010). As a result of higher prices being charged, a good number of the customers have decided to concentrate on those brands with fair prices. Additionally, poor customer service across quite a number of delivery services have ended up pushing away most of the customers (Cawsey and Rowley 2016). Customers are the core pillars of every business, once they experience any form of frustration, this tends to ruin the reputation of a business or even product (Graham 2016). Opportunities for the brand Quite a number of opportunities existing within the market have led to the demand of the brand among various personalities. One of the major opportunities is the availability of brand demand. Such a brand that will act as a game changer in the entire market is one of the most essential and valuable opportunity. There is a high demand across the entire population who needs to be served with quality products and services that are capable of adequately satisfying their needs. As a result of this, there is a high probability that the brand will sell when it is introduced in the market through appropriate means (Manhas, Manrai and Manrai 2016). On the other hand, another favorable opportunity is the existence of favorable government policies that are capable of ensuring that quite a number of brand operations are carried out in a reasonable
MARKETING9 manner. These policies are there to govern various brands and even go as far as offering appropriate directions on what should be done together with what should be avoided in order to attain a certain level of success. Additionally, another opportunity is that there is an availability of larger market size that contains a huge number of customers. This larger market size makes the market to expand at a higher rate under various conditions that aims towards bringing development to society. This will act as a perfect opportunity for the brand for it to appropriately meet quite a number of market objectives within the stipulated period. This brand is required as a result of various factors. One of the major reasons as to why the brand is needed is because of quality, all the customers within the market platform require quality products that are capable of lasting loner thus serving their needs, and this is why the brand has been introduced to them in order for them to experience long-lasting operations without encountering any barriers either at the initial stage of eve at an advanced stage of using the brand. The new brand is also needed as a result of demand in the market (Ahmad, Musa and Harun 2016). Most of the customers and organizations have even gone further to look for such products that they feel will best bring on board quite a number of necessary outcomes at the consumer level. Explanation of the brand graphics The brand graphics includes a number of parameters that aims towards attracting the attention of the customers. This will ensure that appropriate information is passed appropriately to the consumers without them experiencing any challenges. The name of the brand will be ‘Fitness tracker’ that will be fitted in between a high-quality logo showing quite a number of fitness related products. This is something that is aimed to attract the attention of the customers for them to clearly understand what the whole brand is all about (Kang and Hur 2012).
MARKETING10 Brand Slogan The slogan attached to the entire brand will be ‘To provide the best out of the best’. This slogan will clearly indicate who best the brand is concerned about quality products that are long- lasting. Moreover, the brand is made simple for it to be easily understood by everyone. Brand Packages Finally, there are packages for the brand. The brand will be placed in quality packages with attractive colors and important writings in it that show more about the brand (Mohr, Eroǧlu and Ellen 2016). This will further increase its popularity across large populations. Brand Logo Communication strategy for the brand In order to ensure the success of the brand, appropriate and reliable communication strategies need to be developed on board in order to increase the level of understanding that exists between the brand and its consumers (Fernandez-Lores et al. 2016). One of the best FITNESS TRACKER
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MARKETING11 communication strategies that will be used to advertise the brand is the use of internet advertisements. The brand will be advertised in various internet platforms most so the platforms where most of the targeted customers are in (Baena 2016). On the other hand, the brand will also be advertised on various billboards that will be erected in different places most so in the major towns. The billboards will be able to showcase quite a number of issues that are associated with the brand (Klink and Smith 2016). Different people will be able to view the brand adverts placed on the billboards even from a far distance. One of the major reasons to implement the use of billboards is to ensure that appropriate communication is passed to all the targeted customers without any barriers being encountered. Targeted components of the brand There are four different components of the brand we aim to attain in order to accomplish most of the future goals in real time. The following are some of the four components that are associated with the brand; •Brand Identity- In order to attain one of the most reputable brand identities, quite a number of issues must be considered within the boundaries of ethics. The brand will be of totally different identity that will be unique (Craig and Hart 2016). On the other hand, the uniqueness will be brought about as a result of quite a number of advanced features that will be attached to the brand. These features will easily distinguish the brand from the rest of the available brands in the market thus making all the customers to easily identify the brand will a lot of ease without any confusion (Neuvonen 2016). •Brand Image- Brand image will be achieved through quite a number of techniques to ensure that most of the targeted goals are appropriately attained in real time. In order to come up with an
MARKETING12 appropriate brand image, there will be an appropriate identification of some of the key audiences (Liu et al. 2016). To make the brand image to be more clear an appropriate and reliable determination of the key business goals will also be carried out. The brand image will, therefore, be consistent. This will easily be able to differentiate the brand from competition thus making it remain in the memories of the targeted customers for a longer period. •Brand positioning- The positioning of the brand will be adequately implemented to ensure that it brings out the best outcome. To come up with this strategy, there will be an implementation of differentiation techniques connected to the brand. By making the new brand to be different from other available brands, there will be an adequate provision of the required contrast that will go as far as enabling various customers to make appropriate and reliable choices connected to the brand. •Brand equity- In order to come up with appropriate and reliable brand equity, the premium price that is attached to the brand will be reasonable and acceptable across all categories of customers (Khan, Dongping and Wahab 2016). This will further ensure that there is no discrimination among customers. On the other hand, brand equity will be maintained through the use of high-quality materials that are unique from the other ones being used in most of the products within the market. This will ensure that the owners will not only be provided with the desired product but also they will have a reasonable experience that is connected to the high technology phone brand.
MARKETING13 Technical part Region ARegion BRegion CRegion D 0% 10% 20% 30% 40% 50% 60% 70% 80% The graph shows how various markets where the brand intends to carry out its expansion in the coming future in order to ensure that a huge number of customers are well served regardless of where they are situated. Moreover it acts as a target goal for the brand where it clearly indicates that each and every region that the brand plans to cover, there will be an increased are of customer service. It is therefore clear that by the time the brand shall have covered all the regions, its operations and services shall have gone more than 50%. This clearly indicates hoe the brand is dedicated towards meeting the needs of the customers. It aims towards starting at a minimal level that is 10% of the operations. After that, it will gradually rise by 10% in the next two regions and then it will finally shoot by 40% to ensure that it is capable of meeting the demands of all the customers.
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MARKETING14 0 2 4 6 8 10 12 14 16 18 20 Brand perfromance The graph shows that the brand’s operations in the coming years are likely to increase to greater levels thus bringing a positive change in the entire market platform. The percentage performance that is going to be realized in the coming years is approximately 80% efficient performance thus increasing the brand popularity. Recommendations on how the Brand should be managed Good management of the brand will enable it to offer adequate completion to several other available brands within the market boundaries (Green 2016).
MARKETING15 Marketing plan Market Research There will be an adequate research about the targeted market sixe together with the targeted market grown that the brand aims to achieve within a given period. The research will be carried out through a thorough analysis that can be easily understood. Target market After carrying out the research, an evaluation of the target market will be then carried out. This will enable the brand to have a rough idea on the percentage of targeted consumers available within the market platform. Only the best target market with the capability of bringing a positive change will be chosen Positioning Appropriate positioning techniques will be developed by the brand in order to attract the attention of the customers. There will be an appropriate development of compelling branding together with adequate marketing messages that will have a clear communication with the customers regarding how the brand needs to be perceived. Competitive analysis A reliable competitive analysis will be carried out to clearly pinpoint some of the competitors available in the market and also be able to determine how the brands services are different in the market.
MARKETING16 Marketing strategies Quite a number of strategies will be developed in relation to the brand in order to attract the attention of all the targeted customers. Some of the major strategies that will be used are; implementation of social media, the use of direct mails and even issues related to content strategy. Budget The following budget is attached to the brand; Brand Advertisement3000pounds Brand Logo100 pounds Product delivery cost400 pounds Total cost=3500 pounds Conclusion Development of appropriate and reliable brand is one of the most essential issues. Additionally, appropriate branding strategies aim towards attracting the attention of the customers in relation to a given type of brand, this, therefore, creates a positive bond between them and the brand itself. Additionally, brand reputation can be best build through the implementation of the aforementioned forms of advanced strategies in order to ensure that the brand is capable of offering stiff competition within the market platform.
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MARKETING20 building its brand image: A conceptual model.Journal of Economics, Finance and Administrative Science,21(40), pp.25-29. Neuvonen, H. (2016). Toward a model of brand strategy adoption.Journal of Brand Management,23(2), pp.197-215. Schivinski, B., Christodoulides, G. and Dabrowski, D. (2016). Measuring consumers' engagement with brand-related social-media content: development and validation of a scale that identifies levels of social-media engagement with brands.Journal of Advertising Research,56(1), pp.64-80.