Mustafa Mekraz’s Post

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MIO at Julphar biosimilar diabetes and nephrology

What is Test Marketing Regardless of the outlets chosen, test marketing of the product in the sales area is very important. This is imperative when the product is new or different from what is already in the market. Manufacturers should work with retailers to decide how much advertising and promotions are needed to convince consumers to buy their product. A good way to start a test marketing is to take samples to store managers and convince them that selling it will make them money. The samples should be ready for consumers to test. Selling them at a discounted or free price is a good way to entice consumers to try a new product. It is important to know what consumers think about the product and their suggestions for improving it. When conducting a test marketing, it is essential to determine how the product competes with other products. Calculate how many competing products are in the store, buy them, and then compare them. Don't forget the importance of location for any store. Certain places are visited by customers more than others. This means that the possibility of customers buying your product is higher in these places. The best display locations for new products are at the end of the aisle or at the cashier. There is a preferred shelf height that you choose to place your product where people can see it without looking up or down. Advertising Advertising is a controlled communication about a product through symbols and language that tells what a product or service will do for the consumer. A proper understanding of advertising is a powerful management tool. It has a strong impact for similar products that can be differentiated in terms of quality. Consumer information can be gathered by giving samples to consumers or retailers. This information may give consumers a reaction to a new product in that location. Regardless of the quality of advertising, remember that your product must compete on its own. Brand advantage cannot be achieved if the product fails to meet consumer expectations. A comprehensive advertising program can give consumers a good idea of what the product will do for them compared to other products. If consumers are convinced, they will buy the product.

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