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PRODUCT RESEARCH

What product characteristics are important to your
customer experiences e.g. features, color, size etc.
What product innovations are likely to be well-
received by customers?
What brand name appeals to your customers?
What functionality do your customers want?
What styling, quality, safety and packaging do your
customers want?
Is after sales service, repairs, warranty and guarantees
   Wh a t   p r i c i n g s t r a t e g y
    s h o u l d y o u u s e (c a s h
    d i s c o u n t s , c u s t o me r    s e g me n t
    p r i c i n g , s p e c i a l   e v e n t
    p r i c i n g e t c .)?

   Wh a t   s h o u l d y o u r     s u g g e s t e d
    r e t a i l   p r i c e b e ?

   S h o u l d y o u g i v e v o l u me
    d i s c o u n t s o r     o f f e r
    wh o l e s a l e p r i c i n g ?
   Choosing a distribution channel. Should your product or
    service be sold through a retailer? Should you offer the
    product or service wholesale? Should you use multi-level
    marketing or party-plan to sell your product?
   Deciding what kind of market coverage you need i.e. are you
    going to be exclusive, selective or have a wide inclusive
    distribution
   What channel partners to choose?
   Where and when should your product or service be
    available?
   What promotion strategy to use

   Whether your key messages or copy resonates with your target
    market

   Selecting the advertising media that will best reach your target
    market and which best conveys your brand message

   Whether your advertising or promotions strategy has
    increased your brand recognition
Product research:
Research findings:

   Not kept pace with the rest of the world.

   Preferred among 35-40 yrs.

   Young urbanites moved on to sophisticated confectionery

   Typical single serving was perceived to be too big.

Improvements:

   Single serving reduced to 15-20gms

   Modern and sleek packaging

   Firni and kheer packaged in modern and single served cups
Pricing research:

   High quality customized package

   Customized selection of special sweetmeats.

   300 percent premium over regular nirala prices

   Lahorites are known for their love of food and
    willingness to pay a premium amount

   Special discounts on occasions.
Distribution research:
   N DESIGN is the packaging company working under
    NIRALA

   More than 3000 retail stores across more than 50
    cities in Pakistan.

   Timely and effective distribution of the products.
Promotion research:
   Print media and outdoor advertising.

   Music concerts and English plays are sponsored by
    NIRALA

(Moulin rouge and the phantom of opera)

   Primarily used word of mouth
Mr presentation

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Mr presentation

  • 1. PRODUCT RESEARCH What product characteristics are important to your customer experiences e.g. features, color, size etc. What product innovations are likely to be well- received by customers? What brand name appeals to your customers? What functionality do your customers want? What styling, quality, safety and packaging do your customers want? Is after sales service, repairs, warranty and guarantees
  • 2. Wh a t p r i c i n g s t r a t e g y s h o u l d y o u u s e (c a s h d i s c o u n t s , c u s t o me r s e g me n t p r i c i n g , s p e c i a l e v e n t p r i c i n g e t c .)?  Wh a t s h o u l d y o u r s u g g e s t e d r e t a i l p r i c e b e ?  S h o u l d y o u g i v e v o l u me d i s c o u n t s o r o f f e r wh o l e s a l e p r i c i n g ?
  • 3. Choosing a distribution channel. Should your product or service be sold through a retailer? Should you offer the product or service wholesale? Should you use multi-level marketing or party-plan to sell your product?  Deciding what kind of market coverage you need i.e. are you going to be exclusive, selective or have a wide inclusive distribution  What channel partners to choose?  Where and when should your product or service be available?
  • 4. What promotion strategy to use  Whether your key messages or copy resonates with your target market  Selecting the advertising media that will best reach your target market and which best conveys your brand message  Whether your advertising or promotions strategy has increased your brand recognition
  • 5.
  • 6. Product research: Research findings:  Not kept pace with the rest of the world.  Preferred among 35-40 yrs.  Young urbanites moved on to sophisticated confectionery  Typical single serving was perceived to be too big. Improvements:  Single serving reduced to 15-20gms  Modern and sleek packaging  Firni and kheer packaged in modern and single served cups
  • 7. Pricing research:  High quality customized package  Customized selection of special sweetmeats.  300 percent premium over regular nirala prices  Lahorites are known for their love of food and willingness to pay a premium amount  Special discounts on occasions.
  • 8. Distribution research:  N DESIGN is the packaging company working under NIRALA  More than 3000 retail stores across more than 50 cities in Pakistan.  Timely and effective distribution of the products.
  • 9. Promotion research:  Print media and outdoor advertising.  Music concerts and English plays are sponsored by NIRALA (Moulin rouge and the phantom of opera)  Primarily used word of mouth