Marketing Report : The Mi -Wash Solution
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Transcript of Marketing Report : The Mi -Wash Solution
Marketing Report : The Mi-Wash SolutionPrepared by: Angus Campbell
Erin FordOwen ThompsonStirling Holtschneider
Outline• Product Basics and Launch• Macro-Environment• Target Markets• Marketing Strategy
• Place• Product• Promotion Price
• Conclusion
Product Introduction• Simple, compact washing/drying machine• Requires no plumbing hook-up• Remote control or manual switch over from washer to dryer• Energy efficient• Environmentally friendly• Plugs into any 110v wall outlet• Automatic shutdown function• Increase Vibration control
• Effective promotional launch date August 1, 2013
The Macro-Environment
Target Market Analysis• Market Segments• Full sized family homes• Single dwelling units• College students• Cottages• Commercial units
• Geographical Segments
• North America• Europe• Australia
Target Market Analysis • Psychographic
Segmentation • Benefits both upper
and lower class• Very convenient and
efficient• Money saving device
Target Market Analysis • Target Market
Strategy• Differentiated
(segmented) Marketing
• Addressing geographic and market segments
• College students, single dwelling units
Target Market Analysis • Competitive
Advantage • Mi-Wash cheaper
alternative• Avoiding constant
fees and high electric bills
• Very convenient
Strategy: Place • Distribution
oriented in Canada• Initial Distribution
in Ontario• Potential expansion
into the United States and Europe
• Partnership with Sears
Product• Appeal to all target
segments • Strategic benefits
compared to the traditional washer and dryer
• Environmental sustainability in mind
• Focus on innovation and the individual
• Packaging
• Monopolistic Market
P*
Q* TR D
Conclusion • August 1st, 2013
release date • Goal: To be a must
have appliance for students everywhere