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Essay about Marketing Plan for Bio-magnetic Wrist Watch

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Table of Contents ACKNOWLEDGEMENT: 1 EXECUTIVE SUMMARY: 2 Mission Statement: 2 BIO-MAGNETIC WRIST WATCH: 3 INTRODUCTION: 3 Product Profile: 3 Why we use titanium instead of other metals? 3 Health Benefits: 3 Market Research and Analysis: 4 Market Description: 4 MARKET PLAN: 4 Price Strategies: 4 Setting the price objective: 4 Determining Demand: 4 Estimating Cost: 5 Types of Cost: 5 MARKET SEGMENTATION AND TARGETING 5 MARKET SEGMENTS: 5 Geographic Segmentation: 5 Demographics: 5 Psycho graphics: 5 TARGET MARKET: 6 MARKET NEEDS: 6 SWOT ANALYSIS: 6 Opportunities: 6 Threats: 7 COMPETITOR ANALYSIS: 7 DISTINCT COMPETENCY: 7 STRATEGIES AGAINST COMPETITORS: 7 Promotional Strategies: 7 Advertisement: 7 PROMOTIONAL …show more content…

And some time person did not have time to take medicines or forget to take medicine. It is very useful for those people who never like to take medicines. This is a product which can get rid you up from medicines. It is not just a medical watch it is also use any normal person. At Our target market includes middle class and above the middle class customers, which we have segmented from the Demographical, Geographical, and Psycho graphical & Behavioural point of view. We have prepared a financial documentation for this feasibility plan of a new product. Mission Statement: Our mission statement is “We work for Humanity and for the better care of people”. BIO-MAGNETIC WRIST WATCH: INTRODUCTION: Bio-magnetic wrist watch is a wrist watch which is based on bio-magnet and this bio-magnet is covered by pure stainless steel as well as titanium coating. Bio-magnet is a magnet which is used to cure the living organism. Bio-magnet therapy is very well known. We can manufacture our product on the basis of bio-magnetic therapy which is very popular today. The specification of our product is given below: Product Profile: Product Name: Bio-Magnetic Wrist Watch Product Specifications: Material: Pure TA2 Titanium, Pure Stainless Steel Bio Elements: Neodymium magnet super gauss (8000) Craft-work technology: Shiny finishes polishing, Mirror polishing Colours: Black, Silver Quality standard: According to ISO Standard Unique: Excellent

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