MindMap Gallery Product Strategy
The product strategy in the 4Ps of marketing is suitable for single recruitment in secondary vocational schools. The so-called product marketing strategy means that when a company formulates its business strategy, it must first clarify what kind of products and services the company can provide to meet the needs of consumers, that is, it must solve the problem of product strategy.
Edited at 2021-02-22 11:53:48This Valentine's Day brand marketing handbook provides businesses with five practical models, covering everything from creating offline experiences to driving online engagement. Whether you're a shopping mall, restaurant, or online brand, you'll find a suitable strategy: each model includes clear objectives and industry-specific guidelines, helping brands transform traffic into real sales and lasting emotional connections during this romantic season.
This Valentine's Day map illustrates love through 30 romantic possibilities, from the vintage charm of "handwritten love letters" to the urban landscape of "rooftop sunsets," from the tactile experience of a "pottery workshop" to the leisurely moments of "wine tasting at a vineyard"—offering a unique sense of occasion for every couple. Whether it's cozy, experiential, or luxurious, love always finds the most fitting expression. May you all find the perfect atmosphere for your love story.
The ice hockey schedule for the Milano Cortina 2026 Winter Olympics, featuring preliminary rounds, quarterfinals, and medal matches for both men's and women's tournaments from February 5–22. All game times are listed in Eastern Standard Time (EST).
This Valentine's Day brand marketing handbook provides businesses with five practical models, covering everything from creating offline experiences to driving online engagement. Whether you're a shopping mall, restaurant, or online brand, you'll find a suitable strategy: each model includes clear objectives and industry-specific guidelines, helping brands transform traffic into real sales and lasting emotional connections during this romantic season.
This Valentine's Day map illustrates love through 30 romantic possibilities, from the vintage charm of "handwritten love letters" to the urban landscape of "rooftop sunsets," from the tactile experience of a "pottery workshop" to the leisurely moments of "wine tasting at a vineyard"—offering a unique sense of occasion for every couple. Whether it's cozy, experiential, or luxurious, love always finds the most fitting expression. May you all find the perfect atmosphere for your love story.
The ice hockey schedule for the Milano Cortina 2026 Winter Olympics, featuring preliminary rounds, quarterfinals, and medal matches for both men's and women's tournaments from February 5–22. All game times are listed in Eastern Standard Time (EST).
Product Strategy
product mix strategy
1. Overall product concept
It refers to providing the market with all goods and services that can meet certain needs of people
level
1.Core products
It is the most basic level, what people really want to buy. For example: buying an air conditioner is to achieve a suitable temperature.
2. Tangible products
Packaging, brand, quality, characteristics, form. Example: Air conditioners come in different shapes, colors and brands.
3. Additional products
After-sales service
2. Product portfolio strategy
1. The concept of product portfolio
Business scope and structure
2. Related concepts of product portfolio
1. Product projects
Every product on the product catalog
2. Product line
The major categories included in the product portfolio, the product line is composed of several product items
3. Product line width
The number of product lines included in a company's product portfolio. The greater the number of product lines, the wider the width of the product line.
4. Product line depth
The number of products of different specifications, grades, and styles in a product line. Generally speaking, specialty stores have a greater depth of products
5.Compatibility
The degree of correlation between an enterprise's product lines in terms of end use, production conditions, distribution channels, and other aspects is also called product line consistency. The greater the correlation between the entire product line, the greater the compatibility.
3. Product portfolio strategy
1. Expand product portfolio
2. Reduce product portfolio
3. Product line extension, upward/downward, two-way extension
4. Product line modernization
product life cycle strategy
1. Product life cycle theory
1. Product life cycle: refers to the process of a product from entering the market to final elimination
Investment period, growth period, maturity period, decline period
The product life cycle refers to the product items under the product line, not the life cycle of the entire product line.
Product life cycle and product service life are two completely different concepts
2. Characteristics and strategies of product life cycle
investment period
Accurate
Main features: The product has just entered the market, and consumers are skeptical; sales are small, costs are high, and profits are low; performance is unstable and service is imperfect; advertising expenses and other expenses are large; there are few competitors.
Marketing strategy: The basic strategy focuses on the first impression, makes full use of existing product promotions, and uses special means to induce trial use; uses special means to enable middlemen to distribute; adopt strategies such as double-low, intensive penetration, selective penetration, and double-high.
growth period
excellent
Main features: The product is basically finalized, the output increases, and the sales volume increases sharply; profits rise; a large number of competitors join, and competition intensifies; marketing channels are established; the level of promotional expenses is basically stable or slightly increased
Marketing strategy: improve product quality and increase product uses; choose opportunities to reduce prices; improve product performance, color, style and packaging, and compete with competing products; improve the distribution system to promote sales
mature stage
change
Main features: large output, large sales volume, long production time
Marketing strategy: further open up new markets and find new users; product reform to diversify and differentiate products; adjust the corporate marketing mix
Recession
change
Main features: sales costs increase, production volume decreases, and profits decrease; the number of competitions is greatly reduced; sales volume shrinks, and companies reduce production
Marketing strategy: Reduce product mix; reduce promotional expenses; continue to cut prices to protect capital; decide when to exit the market, abandon declining products, and shift to the production and operation of new products
3. Ways to extend product life cycle
1. Innovate products
2. Promote the difference of products
3. Reposition the product
4. Open up new markets
5. Carry out market penetration
New product development and promotion strategies
1. New product concept
Products that are significantly improved or improved compared to old products in terms of technology, structure, performance, materials, processes, functions, etc.
1. Brand new product
Unprecedented products manufactured using new materials, new technologies, and new processes are new achievements achieved by applying science and technology to production.
2. Replace with new products
On the basis of original products, some new technologies, new materials or new parts are used, and their performance and characteristics have changed significantly, and they are suitable for new uses and new needs.
3. Improve new products
Refers to making some improvements to the original product to improve its quality, or to increase product specifications, designs, colors, varieties, etc.
4. Regional new products
An old product for some places, a new product for others
2. New product development strategy
1. Function: It helps enterprises to develop markets, expand sales and make profits; strengthen competitiveness and diversify investment risks; maximize the use of enterprise resources and avoid resource waste; meet the changing needs of consumers.
2. Development direction: multi-function, miniaturization, simplicity, diversification, public welfare, comfort, fitness, high individuality and planning
3. Development principles: market demand, economic benefits
4. Development methods: independent development, technology introduction, product modification
5. Development difficulties: complex requirements and rapid changes; limited resources and environment; high technical requirements and large investment; high failure rate and high risks
6. Development procedures: new product idea - idea screening - market analysis - new product development - market test sales - new product launch or discontinuation
3. New product promotion strategy
1. Characteristics and marketing of new products
2. Procedure: Cognition - Interest - Evaluation - Trial - Adoption
3. Adopters of new products
1. Innovation adopters (consumption pioneers) have personality, financial well-off, and high social status. Advertising and promotion methods have a great influence on them.
2. Early adopters (opinion leaders) are young, individual, sensitive to new things, and easily influenced by advertising
3. The early majority are highly educated and have a fixed income. They like to imitate consumption and are cautious in purchasing new products. They constitute the majority of the product market.
4. Late majority: They are skeptical about new products and have a wait-and-see attitude. They usually buy when the product enters the mature stage.
5 Laggard buyers are conservative and traditional. They usually buy in the late maturity period or recession period
Brand strategy
1. Overview of the brand
1. Brand: Brand includes name and logo
2.Meaning
Attributes, interests, commitments, values, culture
3.Trademark
It is part of the brand. It is called a trademark after legal procedures and is protected by law.
4. Branding
Register the name and logo with the competent authority
2. The role of brand in marketing
1. The role of brand in marketing enterprises
2. The role of brands on consumers
3. Types of brands
1. Divide by completeness
1. Complete brand name logo
2. Product name brand name
3. Brand logo
2. Text type
1.Chinese brand
2. Foreign language brands
3. Digital branding
3. The meaning itself
1. Name brand
2. Place name brand
3. Animal and plant brands
4. Company name and brand
5.No meaning
4. Meaning division
1. Functional brand
2. Effective brand
3. Sexy sex brand
4. Basic principles of brand design
1. Simple, eye-catching and easy to remember
2. Novel and unique, easy to identify
3. Rich in connotation and conducive to general use
4. Coordinate the product name and label with each other
5. Respect customs and comply with laws
5. Brand strategy
1. Brand Attribution Strategy
1.Private brand strategy
2. Others’ brand strategies
3. Coexistence with others
2. Brand unified distribution strategy
1.Unify
2.Individual brand strategy
3. Classification brand strategy
4. Brand expansion strategy
5.Multi-brand strategy
6. Sharing of main and sub-brands
7. Strategy of using corporate name and brand together
3.Internet domain name strategy
1. Domain names and trademarks
2. Corporate domain name registration
6. Brand protection
1.Trademark rights
2. Characteristics of trademark rights
3. Legal protection of brands