This paper analyzes the branding concept in relation to the launch of a new product and is realized in the development of a soft drink. The product under consideration is Kooler Refresh that is meant to be a competitive drink against the existing products within the U.S. market. With the desire for the market to experiment on newly developed products, Kooler Refresh has been advanced to compete against the established products like Coca-cola and Pepsi that dominate the market share. Brand Positioning Kooler Refresh is a new product to be launched within the U.S. market under the soft drink category to counter the development of a dominant market share by existence products. The product has been based on the need to deliver affordable brand with familiar flavor and quality as compared to the existing brands. The product also seeks to target a defined demographic with the contents within the brand promising added incentive to the consumer. Why Kooler Refresh The soft drink is produced based on the natural fruits as the sole ingredient with the only additive being sugar and glucose. The component comes in variable flavors with the tropical mango, orange and strawberry expected to dominate sales. The new brand targets the demographic that requires valuable taste, health and energy. The target is included in energetic youth and elderly individuals who present the need in delivering satisfactory consumption rate. The product had also been launched based on the principle of affordability after conducting research on the three leading flavors on the demographic. This had been done in three local schools that offered preference to the brand as compared to the other competitors. The leading brands within the market have been in Coca-Cola with Pepsi taking the second position. These brands have utilized the concept of endorsement from celebrity and leading functions in marketing the product. The other paramount position had been realized in the period applied by their marketers to gain the market share. These brands minimize the prevalence of a new product through promotional campaign and the preference of the customers on a familiar taste of brand. These have been most dominant propositions with customers failing to purchase alternative products at lower products for the recognized brands (Gelder, 2005). However, Kooler Refresh is planning to take advantage of the current market trend. With the catchy phrase that is based on the marketing campaign to promote the healthy product, the competition would be sustained with the realization of the harmful carbonated drinks. The brand targets majority of the customers to be the youth and young energetic children. These are the target that requires added flavor to the drink with positive implications to developing their health. The company also wishes to maximize on generating profit through investing on affordable prices on the established quantities. Kooler Refresh not only rejuvenates the health presentation, but also presents a quality taste to be linked to the natural fruit composition that lacks in the competitors drink Moreover, the packaging would be in recyclable material with a uniquely designed ? liter bottle to be used for extended purposes like holding water. Brand Concept The proposed applied strategy to achieve the market position had been in the development of an outstanding brand name. Kooler Refresh is a name that does not share similarity to any other soft drink product in the
Name Professor Course Date Abstract The products launched within the market have to be accorded the desired identity to identify with the consumers. For a new product to be successful in the market there should be a unique market strategy applied to present the features to the clients…
Suppliers tend to segment the total market based on consumer or business categories. The supplier bodies tend to divide the entire market based on consumer and industrial products and services and thereby tend to eke out separate marketing channels for such purpose.
In many cases, they have had to implement different manoeuvres that make them the best in the market. For instance, they have been increasing their market share in the past few years, ensuring their competitors are kept at bay. This is an indication that the marketing strategy of the company is highly indulging, and it is recording positive results.
Branding is essentially important for the endurance and triumph of the businesses. It is due to its relevance that comprehensive understanding and analyzing of the power of branding is required for managing the brands effectively and efficiently. Two most important aspects of branding will depict its importance more precisely.
The appropriate market research carried out for Kooler refresh will allow it to enter the market in a seamless way as the company understands the expectations on consumers aimed at to serve. Introduction New companies face numerous challenges when venturing into a new market, and for the launch into this market to be successful, it is vital that the company creates a brand for itself an in this case, Kooler Refresh.
Name Professor Course Date Part 1 The beer market has been flexible with the provision issuing growth even in the worst economic times. Consumers have been accorded the choice of utilizing a wider range of products that vary in prices with the lower products witnessing the increased consumption rate.
A better brand extension had been the introduction of LG electronics in the LGE products within the U.S. market. This had been witnessed in the recorded increase in sales and the gain of a 24% market share. This meant that the consumer market had anticipated the launch of the product and presented the growth in according a 95% consumption rate (Angle, 2008).
The laptop which measures three quarters of an inch at its thickest point, has a 13.3in screen and a full-size keyboard. Jobs pointed out that apple had built the world's thinnest notebook without sacrificing a full-size keyboard or a full-size display.
Apple is committed to bringing the best personal computing experience to students, educators, creative professionals and consumers around the world through its innovative hardware, software and Internet offerings.(http://www.appleomputers.com/ourcompany/index.html) Visited on 22/04/2008.
This includes to the complexity of preserving and scheming the excellence of the experience. To prevail over this obstacle, tourism connected businesses, agencies, and organizations require working jointly to wrap up and promote tourism opportunities in their regions and line up their efforts to guarantee reliability in product quality.
A brand is a unique identity that differentiates a product or even a company from its competitors. Brand can be of any form starting from a name, logo, picture or even a catch line. There are various important