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Marketing Report On Google Glasses
Marketing Report On Google Glasses
Assignment Number: 1
Executive Summary
This marketing report developed a marketing plan for the Google glass, the
first wearable computer. Through researching the STP strategy, investigating
and evaluating four major segmentation variables, two targeting
segmentations were identified for the Google glass. That is to say, the Google
glass will target at Sydney market and its target consumers will be the middle
and upper class with different life grouping styles.
In order to successfully launch the Google glass into the Sydney market in
2014, the market report also evaluated some effective strategies to position
this new product. Through researching, evaluating and analysing, some
effective marketing strategies for promoting the Google glass were provided
in this report.
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consumers.
Table of Contents
Title Page
EXECUTIVE SUMMARY........................................................................................................I
TABLE OF CONTENTS..........................................................................................................II
LIST OF TABLES...................................................................................................................III
1.0 INTRODUCTION............................................................................................................1
1.1 BACKGROUND OF GOOGLE GLASSES..............................................................................1
1.2 AIMS...............................................................................................................................2
1.3 SCOPE.............................................................................................................................2
8.0 POSITIONING...............................................................................................................15
8.1 POSITIONING STATEMENT.............................................................................................15
8.2 PERPETUAL MAP...........................................................................................................16
9. CONCLUSION.................................................................................................................17
10. RECOMMENDATIONS...............................................................................................18
REFERENCES.........................................................................................................................19
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List of Tables
Table 1 The STP Model Steps.……………………………………….……………………………………5
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1.0 Introduction
It is widely acknowledge that today’s companies are moving away from
mass marketing and product-variety marking towards target marketing,
because target marketing can help marketers to find out their
marketing opportunities more efficiently. Therefore, in order to
successfully promote the sales of Google glasses in 2014, Google should
adapt this marketing strategy and focuses on potential customers who
have greater purchase interest (Kotler et. al 2013).
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1.2 Aims
The purpose of this report is to develop a segmentation,
targeting and positioning plan for the Google glass. This STP plan
aims to provide a situational analysis, target market
descriptions, marketing objectives, and marketing strategy for
Google. Through a comprehensive analysis of major
segmentation variables, a better understanding of current
consumer marketing can be obtained. Hence, effective strategic
marketing plans can be made so as to attract and gain a vast
number of customers and make enormous profits.
1.3 Scope
In order to segment a market for Google glass, a high technology
product, this marketing report will examine four major
segmentation variables, such as geographic, demographic,
psychographic, and behavioural variables for this product (Kotler
et. al 2013). By doing this, the best way to view the market
structure will be identified; therefore, Google can fully develop
its ability so as to serve different segments of current market.
The research for this report was conducted through consumer
marketing research, utilised peer reviewed journal articles and
textbooks accessed through the CQUniversity Library.
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It has been stated that a consumer market can be segmented into four
major categories: geographic, demographic, psychographic and
behavioural variables (Kotler et. al 2013, Wong, 2013). In different
situations, different segmentation variables will play different roles.
Therefore, a marketer should take careful consideration so as to select
the most important segmentation factors that influence consumer
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After evaluating the major market segments and selecting one or two
valuable segments, market should decide a strategy, which can be
adopted to cover the market. According to both Wong and Kotler et. al
(2013), there are three main market coverage strategies which are an
undifferentiated strategy, a differentiated strategy and a concentrated
or niche strategy. Among these marketing strategies, a differentiated
marketing strategy is very popular in today’s markets. This strategy
requires markets to develop individual marketing mixes for a variety of
segments. Also, a differentiated strategy can contribute to more sales
and greater customer satisfaction.
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3.1 Segmentation
Kotler et. al (2013) emphasised that Markets consist of buyers
with different needs, wants, resources, locations, buying
attitudes and buying practices. Therefore, in order to target a
product better to the customer, a company need to segment a
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3.1.1 Geographical
According to the first criteria of effective segmentation,
namely, substantiality, a segment has to be of sufficient
size and profitable. Clearly, it is worthwhile to locate the
Google glass in a place with more population. According
to Australian Bureau of Statistics (2011), Sydney has a
population of 4.6 million. The Google glass therefore, will
set Sydney, the most densely populated city in
Australia as geographic target area. Specifically, inner
Sydney will be the main focus because the four most
densely populated areas in Australia all surround Sydney’s
central business district (Australian Bureau of Statistics,
2013).
3.1.2 Demographical
Based on the requirements for effective segmentation,
segment should also be actionable, measurable,
accessible and differentiable. Therefore, variables such as
age, income, occupation and education are chosen in
demographic segmentation. Australian Bureau of Statistics
(2011) shows that Sydney has a population of 4.6 million
and the proportion of people aged 20 to 50 years is about
44.2%. The ratio between females and males is almost
equal. About two thirds of this age group has completed
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3.1.3 Behavioural
After evaluation, the effective segmentation is identified.
The Google glasses buyers would be people, who are tech
savvy adults, conscious users or impromptu supporters,
have different occupations: Managers, professionals,
tradespersons and related workers, and students to name
a few. They are all the potential users because they need
to browse the Internet frequently and they highly depend
on technology. Usually, these people are comfortable in
spending more money on high technology products.
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3.1.4 Psychographic
Based on the five criteria of effective segmentation,
several variables in behavioural segmentation are also
identified. Google glasses users will be people with middle
and high social status as they have relatively high income.
They are groups of people who are happy with what have
got, prefer socialisation and absorb new information,
value visible achievement and always look for something
better. In all, they have very active life style.
Furthermore, Google glasses users, trendsetters, who are
dynamic and open minded, have extraversion,
conscientiousness and openness to experience personality
traits (see table 7). They are very enthusiastic and
positive people who like adventure, enjoy trying new
things, love exploration, experimenting and fantasies
(Solomon et al. 2013, pp. 96-105, Chamorro-Premuzie &
Furnham 2008, cited in Fazeli 2012, pp. 265-268).
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conscious
Values, Something better, young optimists, socially aware, look at me
Attitudes
Source: Kotler et. al (2013)
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8.0 Positioning
Wong (2013) addressed that each market should use various bases, such
as product attributes, price and quality, product class and product user
to name a few, while positioning its product. The product
characteristics should be matched to the target marketer’s needs or
want.
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The marketing plan will highlight every feature of the Google glass
ranging from production to distribution. Google will concentrate on
showcasing the quality, luxury, prestige and unique benefits the Google
glass will offer. Entering the market as the first wearable computer,
the Google glass will have advantage in pricing. Value and prestige will
be communicated through price. Comparing the other computers, the
price of the Google glass may be slightly higher but it will then convey
the message of being luxury, prestige and unique without compromise.
A value based price model will be one of the approaches to the Google
glass.
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David Jones
Myer
Limited service
Less personal Extensive
personalised
service
9. Conclusion
In conclusion, though a wide research of STP strategy, five criteria for
effective segmentations and marketing strategies for positioning, an
effective marketing plan is developed for the Google glass. After
evaluating all variable segments, the Google glass will target at the
middle and upper class who live in Sydney, with a variety of lifestyles,
such as young optimism, socially aware, visible achievement,
something better and look at me lifestyle. Additionally, in order to
attract more customers, Google will develop a positioning strategy
adapted from the seven Ps marketing mix. In all, Google will focus on
the quality, luxury and unique benefits of the Google glass at its
positioning stage.
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10. Recommendations
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consumers.
References
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Targeting and Positioning of the Suppliers. Basis Element in Strategic Planning
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Douthat, R 2012, 'The Man With the Google Glasses', New York Times, 15 April,
MasterFILE Premier, EBSCOhost, viewed 28 April 2013.
Kardes, FR, Cronley, ML & Cline, T 2011, Consumer Behaviour. USA: South-
Western Cengaga Learning.
Karp, A 2012, 'Get Ready for Google Glasses', 20/20, 39, 6, p. 86, Health
Business Elite, EBSCOhost, viewed 28 April 2013.
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Montgomery, A 2013, 'A glimpse through the Google glasses', Design Week
(Online Edition), p. 6, Business Source Complete, EBSCOhost, viewed 28 April
2013.
Tsai, M, Tsai, Y & Lien, C n.d., 'Generalized linear interactive model for
market segmentation: The air freight market', Industrial Marketing
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2013.
Vignali, C & Curland, S 2008, 'Liquid Applepie: Market Entry Strategy for a
New Lifestyle Drink', Journal Of Food Products Marketing, 14, 2, pp. 3-15,
Academic Search Complete, EBSCOhost, viewed 28 April 2013.
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