Sunday, December 2, 2012

Segmenting and Target Market

Jordan's target market was slightly different when they first came out. There target market was men ages 18 to 35 when first released. They were bought mainly to play basketball with, and also like I present day for style. However, in present day no one boys Jordan's to play basketball on them because they are too expensive to ruin. The market in my company is very strong because Jordan's consumers have a real willingness to buy. A great example of that is having many people pre order their Jordan's and also camp in line until the Jordan's come out. Jordan's marketing segment contains many consumers, especially teenagers, who have many of the same wants when it comes to Jordan's. I say this because teens pretty much want every Jordan that comes out. 
Satisfiers play a big roll in Jordan's consumers being that many consumers pre order their Jordan's and make sure they get the best price for the Jordan's and even take advantage of deals that the website including free shipping and other deals. 
As of now when it comes to repositioning, Nike signing Carmelo Anthony and Chris Paul, and allowing them to be a part of the Jordan line, as opposed to players like Lebron James who are signed with Nike and has his own line which isn't under Jordan's.

Developing and Managing Products

Jordan's have always come out with new colors of sneakers, however they aren't brand new sneakers that are new toyhe world. In fact they are mostly re release of older Jordan's that customers love. They usually come out with new colors but not so much as new designs.
What is brand new with Jordan's are the new chris Paul 6s. They are brand new to the world and it something new to Jordan's. It amazed me how Nike chose to build a new type of sneaker, under the Jordan brand. They took the NBA star Chris Paul and put his shoe under Jordan's instead of regular Nike, so they could increase sales. They also do this with the NBA superstar Carmelo Anthony. This is an example of test marketing because its a limited introduction unless the sneaker becomes really successfull and self a lot. It's also an exams of commercialization be sure this was a decision of how to market the new sneakers. The Chris Paul's 6s are in the growth stage where the company is seeing and increasing rate of consumers who want this sneaker. I ask myself and I would ask you, Do you think that the Chris Paul sneaker would make as much sales if they weren't under Jordan's?







Sunday, November 25, 2012

Developing and Managing Products

Integrated Marketing Communications

When I read this chapter it confused me because we've posted about most of the things in this chapter such as promotion. As I said before Jordan promotes his product and also the company advertises all over the world.
My company's promotional strategy is based on advertising and sales promotion, because everyone wants to get the best price that the can get because Jordan's are very expensive. That's why they promote with deals and other sales over on future purchases, they know the consumer will come back and actually take advantage of their discount because Jordan's drop all year round. And it's competitive advantage is that they make more money the  sneakers that are modern, even though most of their sneakers came out twenty years ago. Consumers purchase Jordan's at one price, so that they can sell it for even  ore money then they paid for it, and that's a perfect exams of personal selling. I know people who make a living off of selling the Jordan collection that they have accumulated over the past years.

Product Concepts

Air Jordan's have many concepts when it some to creating a sneaker. However most if their sneakers get re- released, and people still wait on lines to buy a pair. It's a perfect example of consumer product because it satisfies the consumerss personal wants after they wait on line for so long. A great example of specialty product is the Olive nines. People search everywhere for them and can't find them but now that they have been re released, lots of people already waiting for them to come out. It's also because they won't be released again for maybe another twelve years. The product mix is all of the number Jordan's that have come out which is a very large varity of different color and types of  sneakers. Branding is pretty easy to explain because my Jordan sold the rights to use his name and that is what the franchise is today. Individual branding on the knee hand would be naming all the sneakers by number. And of course Air Jordan's is trademarked to Nike.





This represents the first Jordan's to release, however they show u all the other Jordan's. It's the product mix.


Olive 9s

Friday, November 9, 2012

Sales Promotion and Personal Selling

Sales Promotion is essential to comsumers that purchase Jordans online. Jordans are retailed at about $150 to $200 depending on the size. So when a consumer wants to purchase Jordans online they like to be offered deals, such as free shipping and ten to fifteen percent off purchases. In fact on the website jordans are promoted with deals like make a purchase over $150 and get free shipping or $20 off your next purchas. Once Jordans are sold out in retail stores, their price goes up in value because the supply just decreased. Thats why alot of people, even people I know, purchase Jordans when they are realeased and sometimes before they are even released just to sell them for double or triple the price. The price for a pair of jordans on craigs list cost more than 300 dollars. My neighbor josh buys two pairs of every jordan that he wants just to sell a pair for about $100 profit for himself. People make a living off of seling their Jordans because they like to sell Jordans that havent been released for years and wont be re-released for a while. Small Business owners start small businesses by selling Jordans, and thats personal selling because the owner would get most of the profit. However most of the personal selling of my compnay happens online and from person to person. I have actually sold several pairs jordans that i have bought because i paid so mcuh for them and i was so afraid to mess them up so i kept them brand new. I had a pair of Olypmic 7s that bought for $120 and wore them twice because i didnt want them to get messed up and eventually I gew out of them and sold them for $200. Overall sales promotion is key when it somes to promoting and selling a new pair of Jordans. Also theirs a couple of ways you could look at personal selling when it comes to Jordans.
ONE OF THE MANY PAIRS I SOLD.

Advertising and Public Relations

When it comes to advertisng Air Jordans in current day, the internet is where they advertisng upcoming releases and new jordans that come out. In other countries such as china, billboards ands banners are mainly how Jordan is advetised. When it comes to adevertisng its surprisng that it isnt hard to advertise a sneaker that came out about twenty ago. Most sneaker companys might find that extremely hard to acomplish but the Jordan franchise makes their advertising make the sneaker become more highly anticipated. Public Relations is similar to advertising for Jordans, such as Jordans being advertised through word of mouth and friends talking about what new jordans their gonna get for the holidays. Jordans always have customers lined up for at least two days for a pair of jordans to come out. They camp out in front of stores. I personally find out Jordans are coming out through word of mouth because my friends always tell me what jordans are coming out. However now that i chose this company I know most of the release dates of Jordans coming out now and in the spring. Public relations and advertising differ because alot of people who hear that jordans are coming out, really dont see the advertising of that sneaker. In China Jordans are more advertised because Jordans are made in china so its easier for them to sell them at a wholesale price.