ponder how to occupy space inside a target consumer’s mind, which is called ‘Brand Positioning’ If you ask a consumer to name a cola drink, ‘Coke’ name will spurt out. If you ask the consumer to name a toothpaste that comes immediately to the mind, most probably, Colgate name would pop out. If you ask about a photocopying brand, ‘Xerox’ name will spurt out. If you ask them the name of an energy drink, the red bull name will rush out. If you ask an Indian to name a noodles brand, most of the time ‘Maggi’ name would jet out.
Phil Knight’s Niche Market and Value Propositions
Nike founders Phil Knight and Bill Bowerman were athletes themselves. For athletes, shoes are a critical element. Having spent time extensively with a lot of budding athletes, Bowerman had developed a good knowledge about the needs, pain points of athletes with respect to shoes.
Bowerman was also a famous track and field coach in
the 1950s and 1960s. He had constantly motivated his wards to develop a winning attitude. For winning, ‘speed’ is the defining factor and the shoes played a major role. Unfortunately, he was not happy with the shoes available in the market. He often lamented that none of the American shoemakers was interested in understanding the requirements of track athletes. The best shoes in the market at that time were from German manufacturers but they also had poor sole material.
To increase speed, Bowerman took upon himself to
redesign the existing shoes to make them lighter. Lightness meant less burden while running and the athlete could devote all those extra energies into increasing the speed.
At the same time, long-distance running was also
becoming popular and shoes that could last the race was hard to find.
“A shoe must be three things, It must be
light, comfortable and it’s got to go the distance.” -Bill Bowerman. So, Nike’s initial target segment was ‘The Runners’. The positioning strategy was ‘The lightest shoe in the market that would last in longer-distance running at a price lower than the German brands in the market’.
BRANDING POSITIONING OF SERVICE
Brand positioning refers to the
distinct and valued place that a brand occupies in the minds of theconsumers. In order to establish this distinctive position, the brand has to cater to three different aspects, target consumer, competitors of the brand and brand loyalty TARGET MARKET The target market of Servis shoes can be identified with the help of different consumer segmentation bases. Firstly, in terms of behavioral segmentation, Servis shoes focuses on usage occasion. This is evident by its advertising campaigns that are usually run on Eid with special discounts on all shoe items. Secondly, in terms of demographics, the brand is focusing on individuals that belong to the middle class and upper middle class households with respect to their income. Furthermore, Servis shoes is focusing on all age groups and genders with its multi brand approach that has in store products for all types of consumers be it kids, teenagers, young men and women or senior citizens. COMPETITORS OF SERVIS In Pakistan the servis group competitors are not only the local small brands such as stylo, hush puppies, bata etc these are all competitors of servis. Brand loyalty and customer satisfaction MBA Marketing Project Report on Comparison of Brand loyalty and Customer Satisfaction of Bata and Servis . Report has been published . This project Was explain us about the marketing strategies of the shoe companies and we Was learn how they attract the target market through marketing techniques. Most of the customers are brand conscious and they do not change their loyalties until or unless there is some problem in the specific brand. We Was see how and why people always stick to one brand and what are the other things which force them to switch the brand. Very few people change the brand after watching the commercial add of the specific product.