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Nowadays there is a lot of traffic problem in modern cities and due to this major
accident happen with lot of casualties. On main interchanges Government uses a
lot of budget in building concrete and steel speed breakers. We are here to provide
you with a better solution. Our new 3D Road Stickers are very cheap and easy to
install.
These stickers create an optical illusion due to which the driver thinks it is a real
speed breaker and forces him to reduce speed.
LEVELS OF PRODUCT
Actual Product
Augmented Product
Actual Product
Brand name:
The brand name is “Istickers”
Quality level:
A good quality sticker with a printed 3D illusion on it. A durable adhesive is used
which increases the long term durability. A thin plastic film is applied which also
makes them waterproof.
Actual Product
Features:
It is a long-lasting and waterproof sticker. It has a very strong adhesive with
good grip. It can also function as a reflector at night.
Augmented Product
Installation:
Its installation is very easy. Just peel the tape and attach it to the surface.
Augmented Product
Warranty:
““istickers”” provides a money-back warranty if the product is defaulted.
Idea generation:
A unique idea to create a virtual speed breaker that will save money and
time.
Idea screening:
We decided that it will be good it will give us profit as well as good reply in any
cases. Make a reasonable price to sell our product.
Stages of New Development
Concept Development:
The concept is that the product is made of a 3D sticker which will create a visual
effect of a real speed breaker.
Business analysis:
It will decide the project is beneficial or not and sales volume based upon size of
marketing. It just depends on market place to justify our analysis and target that
market place.
Product development:
After all the above testing company is ready to make a product.
Stages of New Development
Marketing Testing:
Product is ready to be branded with name, logo and packaging and we sale the
product in selective area to observe actual performance.
Commercialization:
After successful the testing company distribute different channels for a new sales
product with their brand name and new look.
HUZAIFA BUTT
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The Promotion Mix
Advertising:
Sales promotion:
Broadcast
Print
Internet
Advertisement
Print
We will also give our advertisement in the printed media like
newspapers and magazines in the sports section and main page.
Internet
Internet is the most common thing people use and social sites like twitter,
Facebook and Instagram. People spend more time on these social sites than watching TV or
reading newspaper or magazine. So, internet will be our most essential part in the promotion
of our project
Broadcast
We will be broadcasting our advertisement on all channels possible that have the most
audience of age above 15. Mostly will be the sports channel.
Social Media Sites
Facebook Instagram
Pricing Strategies
Market Skimming:
We will sale our product at high to low price because no competitors are present in the
market. Main focus is to capture the market.
Segmented Pricing:
As our product price is 100Rs per ft. We will give some discount if someone will
purchase from our Facebook page to promote.
Geographical Pricing:
Geographical pricing sees the variations in price in different parts of the world.
istickers company will pay whatever the tax will be charged at the time of shipping.
NOMI VIRK SAHIB
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Sales Promotion
Sample:
To offers free samples to consumers in various ways of doing door-to-door
visits, at stores, malls, attached to another product.
Coupons:
Coupons are used in which a buyer can buy a product at a reduced price. These
are mailed, accompanied with other products, newspapers, direct mail etc. This helps
consumers and also the dealers as they are required to stock the product because of a
possibility of increase in demand. These help in introducing a new product,
encourage trials, etc.
Sales Promotion
Cash refund:
We will give certain percentage of refund as part of the deal for buying a product.
The refund is not given while making a purchase but received when the buyer
submits a proof-of-purchase to us.
Premium:
Premium refers to goods offered either free or at low cost to buy a product. A
premium may be inside the package, outside it or received through mail. Our product
package itself serves as a premium.