Nike Plus Marketing Plan Essay Example
Executive Summary
Nike introduced Nike plus with a narrow target market in mind. They targeted people who where not serious runners, but are health conscious and like to exercise recreationally. With this in mind Nike advertised on certain channels that appeal to an audience in their mid 20’s. They also got media attention from the popular Discovery channel show Daily Planet. Their advertisements can be found in Mens Health Magazine which hits their target market right on.
They designed it in a way that made it easy to use and understand. They did not want to make it too complicated or the average runner would not be interested; they had to keep their target market in mind. The product is simply a chip that fits into your Nike shoe that keeps track of you pace, distance, etc. This chip transfers data to your ipod nano which allows the runner to hear progress made and how far they have to go to reach their goal.
The simplicity of the product allowed them to make the price of their product quite low; but now so low to imply poor quality.
History
In the 1960’s Phil Knight was in university and had a project where he had make a business plan. Along with the business plan he had to make a marketing plan to go along with it. This business plan composed of the idea of producing shoes in Japan and selling them in the United States. Later on in 1963 Phil Knight decided to give his business plan a try. He traveled to Japan to speak with a company that manufactures shoes that goes by the name of Tiger. Phil Knight was asked who he represented and he made up the name Blue Ribbon Shoes. Phil convinced them to sell him their ‘Tiger’ shoes for that he could resell them in the US under the name Blue Ribbon Shoes. Over the 8 years the Blue Ribbon Shoes broke 1 million dollars in sales. It was at this 8 year mark (1971) he changed the name to Nike and also included the swoosh to be recognizable characteristic. After this the company grew exponentially and over 10
Nike introduced Nike plus with a narrow target market in mind. They targeted people who where not serious runners, but are health conscious and like to exercise recreationally. With this in mind Nike advertised on certain channels that appeal to an audience in their mid 20’s. They also got media attention from the popular Discovery channel show Daily Planet. Their advertisements can be found in Mens Health Magazine which hits their target market right on.
They designed it in a way that made it easy to use and understand. They did not want to make it too complicated or the average runner would not be interested; they had to keep their target market in mind. The product is simply a chip that fits into your Nike shoe that keeps track of you pace, distance, etc. This chip transfers data to your ipod nano which allows the runner to hear progress made and how far they have to go to reach their goal.
The simplicity of the product allowed them to make the price of their product quite low; but now so low to imply poor quality.
History
In the 1960’s Phil Knight was in university and had a project where he had make a business plan. Along with the business plan he had to make a marketing plan to go along with it. This business plan composed of the idea of producing shoes in Japan and selling them in the United States. Later on in 1963 Phil Knight decided to give his business plan a try. He traveled to Japan to speak with a company that manufactures shoes that goes by the name of Tiger. Phil Knight was asked who he represented and he made up the name Blue Ribbon Shoes. Phil convinced them to sell him their ‘Tiger’ shoes for that he could resell them in the US under the name Blue Ribbon Shoes. Over the 8 years the Blue Ribbon Shoes broke 1 million dollars in sales. It was at this 8 year mark (1971) he changed the name to Nike and also included the swoosh to be recognizable characteristic. After this the company grew exponentially and over 10