Brand Repositioning

timer Asked: Sep 6th, 2013

Question Description

I’m working on a Business question and need guidance to help me study.

  • Your client wants to see two new customer segments that might be interested in the new and improved product. For additional information on how to develop a customer profile, visit this Web site.
  • Develop a brief customer profile for your client. The profile will include the following:
  • • Choose two new customer segments for the newly repositioned brand, and name them. You can make up a name based on their characteristics. For example, if you were selling a coffee brand, you might have Serious Sippers as a customer segment and Dabble Drinkers as a second segment.
  • • Identify the primary and secondary markets.
  • o The primary market is often larger than the secondary market. These customers are often the primary users of the product.
  • o The secondary market can include “in-between” customers who might use or be interested in the product occasionally.
  • • Detail the demographics and psychographics of both segments.
  • o Include the basic characteristics of your current and potential customer such as age, income, education, and geographic locations.
  • o Evaluate your customers’ lifestyles such as hobbies and other interests.
  • • Based on what you learned from your brand value research, complete the following
  • o Develop 1 advertisement that matches the customer’s buying behavior.
  • o Explain the communication channel or venue where the advertisement will appear. Consider both online and offline opportunities.
  • REQUIREMENTS: Original & 800+ words

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