Power Crisis results increase in dependency of alternate source of power which is basically generators for the business house. In this given scenario we plan to do business of small gensets.
4 Ps of Small Gensets:
Marketing decision variables under the business’s control affect the level of demand for the business’s products. They are distinguished from environmental and competitive action variables that are not totally and directly under the business’s control. The four marketing decision variables are: 1. Product. The right small gensets to satisfy the needs of our target customer. 2. Price. The right small gensets offered at the right price. 3. Place. The right small gensets at the right price available in the right place to be bought by customers. 4. Promotion. Informing potential customers of the availability of the small gensets, its price and its place. Each of the four P’s is a variable we control in creating the marketing mix that will attract customers to our business. Our marketing mix is something we pay careful attention to because the success of our business depends on it. We determine how to use these variables to achieve our profit potential.
“Product” refers to the goods and services we offer to our customers. Apart from the physical small gensets itself, there are elements associated with our small gensets that customers may be attracted to. Other small gensets attributes include quality, model & size, packaging, services, warranties, and brand name. Our product’s appearance and support make up what the customer is actually buying. Our small gensets bundle will meet the needs of a particular target market. For example, introduce Small genset as a basic small gensets and must be positioned for price conscious consumers. Other important aspects may include an appropriate small gensets range, design. Customer research or can say market survey is a key element in building an effective marketing mix which we already completed. Our knowledge of our target market and our competitors will allow us to offer a small gensets that will appeal to customers and avoid costly mistakes. We are thinking long term about our venture by planning for the ways we can deepen and broaden our small gensets bundle. For instance, we may be able to take advantage of opportunities to add value through small gensets and customer service. Other future growth may allow us to offer our small gensets to different customers. Start-up businesses are most successful when get concentrate efforts on one small gensetsor one market, later growth may occur in the same location or may be in different geographic regions. A different type of growth would be a diversification of products, with our business offering related products. Offering a range of small gensets is most successful if service, processes, and distribution methods are similar, which means we do not have to acquire new suppliers, skills and equipment except distribution methods. Product variables-
• Quality : We are introducing Chinese small gensets as per market demand • Models and sizes: As per market demand & supplier product availability below range is planning MODEL |X 3000 HS |X 5000 HS |X 5000 ES |X 8000 HS |X 8000 ES |PMV 1200 HS |PMV 3200 HS |PMV 6200 HS |PMV 7000 HS | |WATT |1800 |3330 |3330 |4860 |4860 |850 |2450 |5300 |5800 | |Packaging / Transportation: RESL will look after up to distributor or RDL end. • Brands: Initially planning to introduce Pramac/POWERMATE and established us as a sole distributor of Pramac • Service: We will train our distributor to troubleshoot the problem as well as established skill service pool.
“Price” refers to how much we charge for our small gensets or service. Determining our product’s price can be tricky and even frightening. Many small business owners feel they...