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WHAT MARKETING STRATEGIES
ARE APPROPRIATE AT EACH
STAGE OF LIFE CYCLE
INTRODUCTION STAGE
1. INDUCE PRODUCT TRIAL
Vaseline, a skin care
brand owned by
Hindustan Unilever
Limited (HUL), had
partnered with
Zapak.com for an online
contest, titled
Confidence Challenge, to
induce trial of its
Healthy White body
lotion.
INTRODUCTION STAGE
1. INDUCE PRODUCT TRIAL
A majority of the
products today are first
“Beta” launched in the
market so that the
product is rolled out
early and the updates are
made periodically.
INTRODUCTION STAGE
2. INFORM POTENTIAL CUSTOMERS
•Make public
announcement.
•Put the Focus on the
People, Not the
Product.
•Take Pre-Orders.
•Draw the suspense
for as long as you can.
INTRODUCTION STAGE
2. INFORM POTENTIAL CUSTOMERS
•Make hype regarding
company and product.
•Use speculation and
drama to generate
interest in the
company.
INTRODUCTION STAGE
BE A PIONEER- MAKE YOUR BRAND A
GENERIC BRAND
•Be a pioneer in your
field and aim to
become a generic
brand.
•They always have an
advantage over other
competitors.
GROWTH STAGE
IMPROVE EXISTING PRODUCT
The focus should always be on improving
the product.
GROWTH STAGE
ADD NEW MODELS AND CATEGORIES
The aim should be to reach as many
customers as possible.
GROWTH STAGE
INCREASE DISTRIBUTION COVERAGE
HUL has
increased it’s
distribution
coverage
manifold to
reach out to
more
customers.
GROWTH STAGE
LOWER PRICES TO ATTRACT CUSTOMERS
Lower prices
tends to
attract the
customer.
MATURITY STAGE
PRODUCT MODIFICATION
Prof. Richardson took this pic
of the new upside down
plastic bottles "side-by-side"
the old glass bottles in his
local grocery store. Not only
did they change the
packaging, but they also
were able to cut the price
cause glass is more
expensive to produce, and
more expensive to shelf
because of the added
weight.
MATURITY STAGE
MARKET MODIFICATION
Pretty Secrets changed
their operations from
brick & mortar to digital
when they realized that
the market was
predominantly
controlled by
unorganized retail.
DECLINE STAGE
THE FALL OF BRANDS
Aman Mehta
Thapar University, Patiala
mehtaaman15@gmail.com
08437924582
THANK YOU!
“Created by Aman Mehta, Thapar
University, Patiala, during an internship
under Dr. Sameer Mathur, IIM Lucknow.
www.iiminternship.com”

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TU Patiala Aman Mehta -What marketing strategies are appropriate at each stage of life cycle

  • 1. WHAT MARKETING STRATEGIES ARE APPROPRIATE AT EACH STAGE OF LIFE CYCLE
  • 2. INTRODUCTION STAGE 1. INDUCE PRODUCT TRIAL Vaseline, a skin care brand owned by Hindustan Unilever Limited (HUL), had partnered with Zapak.com for an online contest, titled Confidence Challenge, to induce trial of its Healthy White body lotion.
  • 3. INTRODUCTION STAGE 1. INDUCE PRODUCT TRIAL A majority of the products today are first “Beta” launched in the market so that the product is rolled out early and the updates are made periodically.
  • 4. INTRODUCTION STAGE 2. INFORM POTENTIAL CUSTOMERS •Make public announcement. •Put the Focus on the People, Not the Product. •Take Pre-Orders. •Draw the suspense for as long as you can.
  • 5. INTRODUCTION STAGE 2. INFORM POTENTIAL CUSTOMERS •Make hype regarding company and product. •Use speculation and drama to generate interest in the company.
  • 6. INTRODUCTION STAGE BE A PIONEER- MAKE YOUR BRAND A GENERIC BRAND •Be a pioneer in your field and aim to become a generic brand. •They always have an advantage over other competitors.
  • 7. GROWTH STAGE IMPROVE EXISTING PRODUCT The focus should always be on improving the product.
  • 8. GROWTH STAGE ADD NEW MODELS AND CATEGORIES The aim should be to reach as many customers as possible.
  • 9. GROWTH STAGE INCREASE DISTRIBUTION COVERAGE HUL has increased it’s distribution coverage manifold to reach out to more customers.
  • 10. GROWTH STAGE LOWER PRICES TO ATTRACT CUSTOMERS Lower prices tends to attract the customer.
  • 11. MATURITY STAGE PRODUCT MODIFICATION Prof. Richardson took this pic of the new upside down plastic bottles "side-by-side" the old glass bottles in his local grocery store. Not only did they change the packaging, but they also were able to cut the price cause glass is more expensive to produce, and more expensive to shelf because of the added weight.
  • 12. MATURITY STAGE MARKET MODIFICATION Pretty Secrets changed their operations from brick & mortar to digital when they realized that the market was predominantly controlled by unorganized retail.
  • 14. Aman Mehta Thapar University, Patiala mehtaaman15@gmail.com 08437924582 THANK YOU!
  • 15. “Created by Aman Mehta, Thapar University, Patiala, during an internship under Dr. Sameer Mathur, IIM Lucknow. www.iiminternship.com”