Trusted Sharks: Analysis of Marketing Strategies and Challenges
VerifiedAdded on 2020/12/02
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Report
AI Summary
This report provides a comprehensive analysis of Trusted Sharks, a local sportswear brand specializing in Borneo Ethnic designs. It examines the company's background, including its establishment, expansion, and awards received. The report delves into Trusted Sharks' marketing strategies, such as data collection, social media usage, and the shift towards ethnic design clothing. It also identifies the company's target market, which includes middle to high-income consumers aged 20-49, with a focus on Sabah. The report addresses the challenges faced by Trusted Sharks, such as competition from international brands and skepticism towards local product quality. Finally, it offers recommendations for marketing improvements, including advertising, utilizing e-commerce platforms, and implementing reward schemes to enhance brand visibility and customer loyalty. The report concludes that Trusted Sharks has the potential to grow worldwide by focusing on product quality, market research, and adapting to current market trends.
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