Rafia Syed completed an assessment on brand positioning evaluation for MTJ compared to its competitor J. The document provides strategies for MTJ to improve its marketing and branding to capture market share from J., including expanding its product lines, improving promotions through social media campaigns and photo shoots, developing a professional website, increasing advertising spending, and adjusting prices to be affordable for all income levels.
Rafia Syed completed an assessment on brand positioning evaluation for MTJ compared to its competitor J. The document provides strategies for MTJ to improve its marketing and branding to capture market share from J., including expanding its product lines, improving promotions through social media campaigns and photo shoots, developing a professional website, increasing advertising spending, and adjusting prices to be affordable for all income levels.
Rafia Syed completed an assessment on brand positioning evaluation for MTJ compared to its competitor J. The document provides strategies for MTJ to improve its marketing and branding to capture market share from J., including expanding its product lines, improving promotions through social media campaigns and photo shoots, developing a professional website, increasing advertising spending, and adjusting prices to be affordable for all income levels.
ID:17483 (GULSHAN CAMPUS) BRAND POSITIONING EVALUATION: Brand positioning is all about managing and organising everything properly; it teaches you how to deal with customers and how to keep customer relations running smoothly. Marketing and branding are the most successful sector in business because it detects people's needs and wants, builds strong customer relationships, and chooses how to launch a product into the marketplace. It is not about giving services to customers, but about differentiating it by giving key advantages in shifting client desires. MTJ requires a competent marketing and branding strategies to stay ahead of the competition and to catch up with J. who are currently ahead of them. Whatever the position of the J. brand, a strong marketing approach is required. MARKET AND BRANDING STRATEGIES: There are certain strategies that MTJ can apply to capture the market share that has already been taken by J. and they are as follows: Product Line Extension: As in past few years J.’s men clothing line is become weak and as well as in women they have dull colors so MTJ can use J. weakness as their opportunity they need to venture into different product lines with better innovative men clothes and bright colors and attractive design for women. MTJ should also introduce footwear for both genders and in fragrances they should offer body mist also. Promotions: MTJ first need to engage with their customers to improve the perception of their brand. They should offer photo shoots for the promotion of their designs as J. is not doing that. Another way to engage effectively is to showcase campaigns that connect with the audience like running contests in Facebook and responding quickly to messages on Twitter and promoting giveaways on Instagram. Proper website: MTJ should have a professional website and that matches MTJ aesthetic. There is nothing worse than a brand with great products but a terrible website. Advertisement: Advertisement is another effective way that MTJ can do. As compared to the other textile industry giants, Junaid Jamshed does not advertise much through television so MTJ can spend a lot on electronic media which can play a part in their market leadership and increased revenues. Cost Structure: Pricing is important factor. It is very essential to match the prices in such competitive market. MTJ should make things affordable for everyone. From customers for all income ranges i.e., high income range to low-income range.