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Consumer Behavior
Consumer Behavior
CONSUMER BEHAVIOR:
Juno is a product line with diverse designs and suitable costs. Therefore, Juno likes
with all subjects including students, working people, business people or office
workers,... In Juno's strategy, they do not focus on any object, but the face can be
seen the general level of Juno fashion products as well as the number of customers
from many industries and female office workers, also known as office workers.
Investing in shoes and bags, Juno chooses the mid-market segment, which is the
largest customer segment today. According to Juno's marketing strategy, their
customer group is still very large, 5 years may not be over. That's the group of
customers who have a demand for shoes with a price of over 300,000 VND and
buy at least a few pairs of shoes in a year. With this segment, currently, the
Vietnamese fashion market is mainly made of Chinese goods. Meanwhile,
consumers are very "thirst" for Vietnamese-branded products with affordable
prices and guaranteed quality. So Juno is the perfect choice for that customer
segment.
1. Market Segments:
According to location: Viet Nam
According demographics:
Age: 16 – 18, 18 – 25, 25 – 40, 40+
Income: over 5 million VND
Occupation: students, employees, civil servant, housewife
Gender: male and female
According to consumer psychology & behavior, there is at least one of the
following factors:
Customers buy randomly
Love fashion and knowledgeable about fashion
Passionate about shopping, addicted to shoes and accessories
Have a need to use new shoes and fashion accessories
Buy to give gifts to friends, colleagues, relatives…
Received a voucher to buy products
2. Main segmentations of Juno:
After analyzing products and market segments, Juno identifies the target
market into 2 main groups at 2 age groups.
Juno's target customer table:
Focusing on the target market on the above two age groups, Juno mainly
focuses on women, middle-income customers and above, having a love and
understanding of fashion trends, and a passion for buying purchase and have
personal enjoyment needs. Especially Juno cares about the target customers
in the age group of 24-40 years
3. Differentiation:
Juno is a product of good quality and has a price for the middle-income
people. Juno has positioned its product range as well as other brands as
follows:
Yellow - The mid-range of small and large foreign brands like
Burberry, Sergio Rossi, YSL, Prada,...=> High-end women's rich
product line with high price and high quality
Pink - The average area of small and retail Vietnamese domestic
brands => products with stable quality at cheap prices because there is
no brand name
Green - Average range of Chinese products with or without brand =>
Most of the products are cheap and of medium quality but with a
variety of designs
In general, Juno has a relatively clear positioning strategy for its shoe
products. In recent years. Juno has tried very hard in its marketing activities,
in order to affirm to consumers and build in customers' minds that Juno
products are high quality Vietnamese goods for women. Juno's specific
actions are as follows:
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