It's a brief introduction to launch a new product in distribution companies.
To learn more or for any further information you could contact me via my e-mail; aminsameni[at]yahoo[dot]com
2. What are new products?
New to the world: Innovative products → create a new market
New to the company (new product line): Allows the company to
enter an existing market for the first time
Flankers: Company makes additions to existing product
lines/brands
Line extensions
Brand extensions
Repositioning: Existing products targeted to a new market
Product Improvements: Quality, feature, service enhancements
toward greater value, different flavor, change in packaging
3. Why new products fail? (in a distribution company)
Overestimation of market size
Poor use of research
Poor planning and strategy
Incorrectly positioned, priced, or advertised
Poor execution
Poor timing
Bad support from channel
Product problem (Design, Quality,…)
Competition might be too fierce
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4. Why We use Marketing Research?
Identify & Evaluate Opportunities
Analyze Market Segments
Select Target Markets
Plan & Implement Marketing Mixes
Analyze Marketing Performance
Identify trends that affect sales and profitability
Keeping up with competitors' market strategies
5. Types of Market Research:
By Source:
Primary
Secondary
By Methodology:
Qualitative
Quantitative
By Objectives:
Exploratory
Descriptive
Causal (experimental)
6. Primary Collection of data specifically for the problem or project in hand
Secondary
Based on data previously collected for purposes other than the
research in hand (e.g. published articles, government stats, ...)
Market Research by source:
7. Market Research by methodology:
By Methodology: Qualitative Quantitative
Type of Question Probing Simple
Sample Size Small Large
Information per respondent High Low(ish)
Questioner’s skill High Low(ish)
Analyst’s skill High Low
Expenses Low High
Areas probed Attitudes Choices
Areas probed Feelings Frequency
Areas probed Motivations Demographics
Ability to replicate Low High
8. Market Research by objective:
Exploratory Preliminary data needed to develop an idea further. E.g. outline
concepts, gather insights, formulate hypotheses
Descriptive Describe an element of an ideas precisely. E.g. who is the target
market, how large is it, how will it develop
Causal Test a cause and effect relationship, e.g. price elasticity. Done
through experiment
9. 1. Defining the problem
and objectives
2. Developing the
research plan
3. Collecting
the information
4. Analysing
the information
5. Presenting
the findings
The Market Research Process:
Distinguish
between the
research type
needed e.g.
exploratory
descriptive
causal
Decide on
budget
data sources
Research
approaches
instruments
sampling plan
contact methods
Information is
collected
according to
the plan (it is
often done by
external firms)
Statistical manipulation of
the data collected or
subjective analysis of
focus groups
Overall
conclusions to
be presented
rather than
overwhelming
statistical
methodologies
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10. Business review:
Category: Factors impacting trends in related categories.
Consumer: Define segments and key insights for each segment,
through tracking data and research
Channels: Look at each channel’s performance, major customers
and tools for winning used in each channel
Competitors: dissect competitors looking at positioning, pipeline,
pricing, distribution differences, consumer perception, strategies.
Brand: look at internal and external health and wealth of brand.
Use financial analysis and market research perceptions.
11.
12. Positioning:
Who: Target market criteria (demographic, geographic,
psychographic, benefit segmentation)
What:
What are we selling? (main Benefit)
What do want people to think, feel or do?
Why: Why should they believe us? (Support points)
How:
How we want to tell them?
How we reach them?
14. Pricing considerations:
Value/benefit delivered
Customer’s ability to pay
Competitive alternatives/pricing
Product “image” created
Initial sales ramp
Profitability (short- and long-run)
15. Selecting channels considerations:
The Nature of the Product:
Perishability
Size and weight of product
Unit value of a product
The Nature of the market:
Number of prospective buyers
Size of the order
Geographic concentration of market
The Nature of the company:
Cost of distribution of goods
Our facilities
Product margin
The nature and size of the manufacturing unit:
Manufacturer Reputation and Financial Stability
Marketing Strategy Go to the main menu
16. Pre-launch Activities:
Training of sales/marketing staff
Building service capability
Pre-announcements/market signalling
Pre-stocking
Product listings, price lists etc.
Market access
Legal, regulatory, purchasers
18. Pre-
launch
Introduction Growth Maturity Decline
Sales
Pre-launch
Announcement
Beachhead Early Growth
The Launch Cycle
Sales &
Expenditures
SalesExpenditures
The Launch Cycle:
19. Sales boosting strategies:
To boost sales and prevent a decline in a product life cycle, we could
implement marketing strategies such as:
Advertising, e.g. television, billboard, online
Price reduction
Sales promotion
Adding value or new features
Exploring new markets, e.g. international markets
21. I’m a self-motivated and goal oriented professional, with more than 10
years of comprehensive experience in sales and marketing with
successful track record. My in-depth understanding of business
concepts enabled me to work in challenging, dynamic and fast pace
environments.
Professional Skills:
Solid knowledge of sales and marketing specially in CPG field
Extensive experience in Distribution Channels
Experienced in Supply Chain Management
Extensive ability for sales and marketing data analysis
Solid knowledge of Merchandising Management
Trade and Consumer Marketing
Solid experience in Market Research
Proficient software user: Microsoft Office, CRM, ERP Go to the main menu