Finalassignmentmarketing

.docx

School

Memorial University of Newfoundland *

*We aren’t endorsed by this school

Course

1210

Subject

Marketing

Date

Apr 3, 2024

Type

docx

Pages

8

Uploaded by SuperHumanIronKoala16

Report
B1210 Marketing Strategy: Final Individual Assignment Prepared for Memorial University St. John’s, Newfoundland Roxanne Preston Prepared by Maria AuCoin Memorial University December 01, 2023
Table of Contents Target market…………………………………………………………... pg. 1 Product……………….….……………………………………………... pg. 1 Positioning decisions………………………………………………… .... pg. 1 Existing Databases……………………………………………………… pg. 2 Capturing Data…………………………………………………………. pg. 2 5 Medium Touch Points………………………………………………… pg. 3 Social Media Marketing………………………………………………... pg. 5 References……………………………………………………………… pg. 6
Target Market The target market that has been determined appropriate for this year’s communication strategy are individuals from 30-50 years of age. The reason the age demographic of this target market focuses on middle aged individuals instead of a more elderly population is because the Hex Hives are a beehive that involves 3D printing. Which research has shown that the biggest age demographic 25–44-year-olds are user of 3D printers is around 60% (Goulding, 2019), so the age demographic is the perfect range for our target market. For the target market gender does not play a role in the purchase, Hex Hives is a product that targets every gender group as beekeeping is an activity for all and not just a specific gender. The locations that the individuals of the target markets reside are in Canada, the United States and China. These individuals are university graduates who have employment in jobs related to the environment such as environmental scientist, engineer, planning, biologist. Their salaries range from 66,000-92,000 a year depending on their employment. The individuals are all environmentally conscious, they part take in many different activities that well improve the environment like, recycling, gardening, composting, bee keeping. The 3D printed Hex Hives are the perfect product for the target market described above as they fit the right demographic for a group of individuals interested in a new kind of beehive that involved state of the art technology that’s never been done before. Product The product Hex Hives is a 3D printed Hive that has taken beekeeping to the next level. It has a unique hexagonal shape that imitates the natural habitat of bees. The individual using the product requires the STLs which queue to the 3D printer and the beehive starts printing. The Hex Hive beehive is made from eco-friendly, non-oilen filaments. Individuals have two options to choose from if they own a 3D printer, they can purchaser the Hex Hives Starter STL Bundle, which includes a base, body, section, open frames, flat roof, connector, and block. The second option is the Hex Hives Premium STL Bundle which includes everything from the starter bundle plus bee landing pad, queen excluder, queen cage, feeder holder, ant moat, and more. Individuals who don’t own a 3D printer can purchase pre-printed Hex Hives which individuals can choose from either of the STL bundles available to individuals with 3D printers at a higher price plus shipping. Positioning Decisions The first positioning decisions Hex Hives has as a company is the price and quality of their products. Hex hives is a revolutionary company that has been able to incorporate 3D printing technology into beekeeping by creating the first ever beehive made completely from a 3D printer. Hex Hives is a very affordable product for beekeepers especially if they own their own printer. Customers can purchase the basic design for less than $60 with no shipping required and have the beehive in the matter of minutes. This is a huge asset for the company as they can
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help