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For this third assignment, please provide at least a 500-word of your Placement Strategy for selling your product.
Based on your first and second papers, determine how final products are distributed, from manufacturer to retail, local to around the country, and even worldwide. Where will you be selling your products? How will you be selling your products? How will the products get to the customers, including shipping, port inspections, transportation, store placement, shelf placement, and even product displays within the stores or websites?
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What processes are involved in securing, packaging, and storing the products for shipping, warehousing, retail shelving, and distribution? ,
Identify if there are any challenges associated with this step in the process, any advantages that the companies may have with logistics, and how much competition is in the market (like a grocery store, is the competitor’s product right next to your product on the shelf).
Remember to include innovations being utilized or tested, such as new ways to distribute products or how products are sold online and mobile.
The second part of this marketing paper is the placement of where you will have your advertisements. TV, Radio, Billboards, Websites, and the Virtual Environment have different audiences. Ensure you explain why you are utilizing that mode of delivery for marketing. Remember to list the frequency, scope, and scale of this marketing, which connects with your second paper since all these factors will increase the cost of advertising.
Securing, packaging, and storing products involve several critical processes to ensure safe and efficient shipping, warehousing, retail shelving, and distribution. Below are the key processes involved: