¶ … Action for Gain Laundry Detergent / Gain Laundry Detergent: Action Plan
Action Plan
Focus on what can be controlled
Retest the product
Choose the target customers
Improve Packaging
Price Strategy
Brand Image and Promotion
Obtain Feedback
The enzyme-driven, stain-removal laundry detergent known as 'GAIN' was launched in markets in the year 1969. In 1981, however, the brand opted to alter its positioning as stain remover -- it re-positioned and marketed itself as a detergent producing a pleasant scent. All through the decade, the persistent vision of the brand was: leveraging Gain's wonderful scent experience to buyers looking for a 'fresh-smelling' detergent. This positioning strategy prompted a rapid boost in the brand's business, and, even now, the same positioning is used, drawing in customers looking for the good scent experience it offers (Target Market News, 2007). The brand has gone through numerous re-branding exercises to improve brand position in markets, similar to other P&G brands. Recently, however, Gain has been shown to be trailing behind rivals and losing its market share. The information presented aims to determine the reasons behind this gradual dropping-behind by Gain, as well as studying consumer trends which may have been a factor in the brand's performance decline.
Action Plan
Focus on what can be controlled
Taking the overall situation and trying to deal with all aspects at once may be rather overwhelming. The bigger objectives have to be separated into convenient and practicable sections (Mielech, 2012). It is important to gain an understanding of brand marketing's value and purpose (Rehman & Ibrahim, 2011).
Retest the product
Some customers have claimed to suffer mild to severe allergies after using the new laundry detergent from Gain. The company should aim to eliminate chemical and dye content from its products, and manufacture a detergent that can be used even by those whose skin is ultra-sensitive. The product must be altered to make it skin-friendly, and guarantee that no allergies will occur again (Taylor, 2015).
Choose the target customers
Target market refers to a group of individuals or companies a brand wishes to concentrate its marketing/selling efforts on. Often, companies conduct market analysis to decide upon the individuals/companies that will most likely be interested in, or be able to derive benefits from, their product/service. After selecting its target customers, brands make use of marketing's 4 P's (product, price, place, promotion) to effectively market their product/service to them. Gain, in particular, can focus on middle class mommies, who wish to get rid of stains and extend clothing life, as their target market (Lauren, 2015).
Improve Packaging
Undoubtedly, package designing is multifaceted. Product packages must be convenient and quick to open; any written information on its back panel must be clear and legible; it must make one trust the brand's claims; product value should be clearly mentioned; the package must be convenient to hold; and it must be easily disposable. Brands must take care to avoid writing useless and irrelevant information on the package. A simple, but powerful marketing and positioning idea should be developed, and as design of package is a component of the marketing communication mix, it must be consistent with the positioning chosen for the product. Company members in charge of product packaging design would include a project leader, technical packaging engineer, and package designer. The package's front panel denotes both front and side panels. Product package must allow recognition of brand, no matter which angle the customer views it from. For Gain, a three-dimensional layout beginning with ingredients at the top, followed by product denomination (clearly-stated) in the pack's middle, and at its bottom, a soup ladle, is recommended (Packaging Sense, 2012).
Price Strategy
While pricing any product, companies must first take into account the prices of competing brands. In case of Gain, the price must be proportionate to competitor prices -- neither too high nor too low. Furthermore, the best means of going about fixing a price for new products would be by consulting consumers. Marketing research and focus groups may be utilized for the purpose of determining product prices. Companies have to be careful not to price products too low and forgo profits, or price them too high and lose potential customers. The brand can, however, as part of its promotional strategy, occasionally reduce new products' prices (Suttle, 2015). The above price adjustments are the responsibility of the finance and marketing departments. Additionally, while selling products online, the company must segregate handling fees from shipping fees. While adopting "partitioned pricing" (splitting aggregate costs into different parts), customers are secured via base price, and not the true aggregate cost. When buyers compare company prices to any reference price, the base price will more likely be dragged into this comparison process (Kolenda, 2015).
Brand Image and Promotion
Company personnel who may be placed in charge of brand promotion-related activities and decision-making include advertising accountant, marketing team, creative director, and legal adviser.
Gain's promotional team should adopt both online and offline marketing strategies together, and consistent with...
Tide The term marketing refers to identification and anticipation of consumer needs and wants and then satisfying them in a profitable manner. With the increase in globalization and consumer knowledge, marketing has evolved to become a comprehensive field with rapidly changing dynamics and is a key contributor in the success and failure of any business. The way a marketing strategy of any product is designed depends greatly on whether the commodity is
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