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Nike's Two-In-One Visor

Decent Essays

Price
As the world’s leading innovator in sports equipment, Nike currently sells a variety of football helmets and visors. With the new transition visor the company will be able to incorporate the current inventory and present them in a new way.
This product is created from Nike’s current line of football equipment and will be sold to department and retail stores for $45. This is the price that Dick’s Sporting Goods and other stores are going to pay for the product. When the product reaches the store shelves, the final price tag is estimated to be around $60. Nike wants the product to appeal to the variety levels and ages of our consumers.
With the visor, Nike wants to make it easier on the customer to just buy one item instead of having …show more content…

The company’s pricing strategy also helps fulfill a need not being met by any of Nike’s closest competitors by having an overall superior product compared to those of competitors.
Place
The place component of the marketing mix is necessary for Nike to ensure profits and make sure their customers get the products they want, when they want them. After deciding that we wanted to make a two-in-one visor, our goal was very clear. We wanted customers in our target market to have the option to purchase one product instead of two products.
With our product, the multi-channel strategy that is already in place by Nike will be used. We plan on selling our product online, in catalogs and in retail stores that sell Nike products. The company will use an exclusive distribution plan because although we want to get our product in as many outlets as possible, Nike products are not sold in all stores and magazines, only certain exclusive …show more content…

Football players who are looking for a visor are going to want just the right one. There are many other companies who sell football visors. These other visors come in either clear or tinted. There is not one that transitions with the sun or stadium lights and then the darkness. If you were a football player looking for a visor, wouldn’t you want the one that best fit your needs? As producers of the Nike Gridiron Transition Shield, we recognize that consumers who would want to purchase this product are familiar with the type of product that they are buying. For this reason, we are placing our product in our own Nike retail stores and we will also be targeting sports stores, like Dick’s Sporting Goods. We want consumers to be able to see right away which product they want. Having our product next to the clear visors and the shaded ones, should make the choice clear for our consumers. Putting our product in our own stores as well as other sports stores will increase profits for Nike as well as provide our customers with a product that is a combination of two products. This will in turn save the consumer money and make them

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