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Journey through comm 296

For my final blog post, I wanted to reflect my journey through the course and how it applies to real life. Coming from a middle class family, I was to aim high, so that I can lead a better life than my father and forefathers. Living in both Mauritius and Canada, the life that I knew and grew up in was filled with ease, respect and fulfillment. My parents came to Canada for the education of their kids. They always wanted me to become a doctor but instead i decided to do something that fully develops my potential and I believed Sauder was the right choice. Before starting class, I assumed marketing was only about advertising. In the end, I saw how it impacts and add value to our community.

The first thing that came to my head when I saw Elaine was that the class would be a really interesting. Elaine’s personality is simply amazing and the way she branded herself leaded to a better class experience. A lot of my learning came from her lectures, when she made sure we get and understand the marketing concepts. Outside the classroom, using what I learned in class, i was able to was more analytical to real world examples. I understood the advertisements I saw on TV and was able to decode the message the marketer wanted to convey. Now that I know more about consumer behavior, I have a better perspective about life in general. One can reap a destiny if he knows how to market and brand himself as a person.

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Package downsizing

Package Downsizing is where the package content is reduced without changing the package or the price of the product. It is only the package content that is changed. In this highly competitive market with the rise of many substitutes, increase in price can be suicidal for many companies. Package downsizing is practiced by many our marketers with an invisible price on their products. Over the years, product related information has greatly increased on packages. With time constraint and consumer trust in brands, Consumers do not often consult quantity indications on the package but instead make logical thoughts based on visual appearances and the package size. With this, businesses can significantly increase their profits since they have a continuing brand loyalty from their consumer but on the other side this practice can mislead consumers giving rise to unethical and deceptive concerns. Nowadays when we go for grocery shopping in supermarket we can see, ice creams selling the same price despite being in the smaller boxes. It is the same thing with pizza hut where the package is getting smaller and smaller. I totally believe that consumers need to get more information for what they buy. They should get the right amount of product for what they pay and businesses shouldn’t trick them in any sort of way.

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Brand extension

Reading a classmate’s blog, Josh feyissa talks about how starbucks is using brand extension to bring new products in the market , specifically alcoholic beverages. With starbucks generating 70 percent of their revenues before 2 am at night, Josh mentions how by promoting alcohol beverages at that time, the company can attract the night crowd. I totally agree with Josh. By already having a well known and well developed brand image, i do believe the company can have a good return on investment as alcohol would be served as a prestige product. Consumer behaviour is almost predictable at that time and taking this into consideration, Starbucks will definitely manage to increase and leverage brand equity. Other brand extension that ive seen really fascinating would be the Lamborghini bike. For $7500, one can own yellow Lamborghini. For fanatics that can’t afford the car yet, at least they can show brand loyalty when biking .This prestige value added to the bike will affect consumer behaviour which in turns will affect sales. Ferrari did the same thing too when entered the shoe industry in the form of Puma. In general we can see how Brand extension adds value to our community

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