In: Economics
A company when introduces any product in the market ,they make
different strategies.Usually company follows 5 P policies whenever
they are launching any product in the market.Those 5 Ps are
Price,Product,Place, Promotion and People.So here this company is
into baby's products, and the world is struggling with Covid-19 .In
this case company can fetch the minds of parents by promoting their
products in such manner that their products are 100% safe and
protected from any viruses.Marketing promotions should be done in
that manner that the customer can blindly faith on your products
for their babies.Lets discuss about different marketing strategies
.
1.As per the current situation when every one is at home and can
not move outside , online buying is the best way . People spend
most of their times on Instagram and other social media.Thus
company should make Instagram stories to grasp the attention of
prospective buyers .
2.Packaging should be done in the manner that buyer should feel the
products are virus free .
3.Awesome product catelogs should be created should have all the
details related hygiene and other stuff mentioned .
4.Pricing should be done in such manner that people dont feel that
they are over spending.Any which ways because of corona virus ,
people would tightened their pockets so any thing which is over
expensive wont solve the purpose .
Promoting the products in this global crisis won't be any easy deal
but with good strategies and ideas , nothing is impossible.Taking
consumer's confidence is the utmost important thing while selling
the baby products.Then only the company's profit shares will go
high in this global crisis.