Preview

Marketing Mix

Satisfactory Essays
Open Document
Open Document
393 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Marketing Mix
-------------------------------------------------

KEY CHARACTERISTICS (PRODUCTS AND SERVICES) AND MARKET SIGNIFICANCE

One of the four major elements of the marketing mix is price. Pricing is an important strategic issue because it is related to product positioning, as pricing alone can affect other marketing mix elements such as product features, distribution, and promotion.

To compete and excel in the market Braaap have shown the use and benefit of pricing variables to their business and market position. Some of this variable in use by Braaap are competitive ownership for customers, discounts percentages, finance arrangements, psychological elements of advertising, residual value of their products and recognisability .

ANALYSIS OF IMPACT/S TO MARKET OUTCOMES
Promotional methods
The promotional methods used by Braaaap are very important. Being current and using technology such as the Braaaap website (www.braaaap.com.au) including embedded videos, links to their online store, franchise opportunity information, contact forms and high quality pictures of all products allows the Braaaap brand stand out, gain your interest and is highly recognisable.

IDENTIFY CONSUMER PRIORITIES AND PREFERENCES AND THE IMPACT

Whilst there are a lot of minibikes and motorcycle developers and distributors in the country, what makes a Braaaap bike special and stand apart from their competitors is not online the pocket friendly price, but it is very simple to customize your Braaaap mini bike and affordable. That may well be one of the main reasons why the Braaaap brand and bikes grown in popularity and recognition in leaps and bounds. Not only are their minis and superlite bikes a splendid result of craftsmanship and machinery, but is well within most consumers’ yearly budget.

Customers always appreciate speedy assistance with their purchases. By providing easy access to information about Braaaap’s products, objectives and their online store (which



References: AND THE IMPACT Whilst there are a lot of minibikes and motorcycle developers and distributors in the country, what makes a Braaaap bike special and stand apart from their competitors is not online the pocket friendly price, but it is very simple to customize your Braaaap mini bike and affordable. That may well be one of the main reasons why the Braaaap brand and bikes grown in popularity and recognition in leaps and bounds. Not only are their minis and superlite bikes a splendid result of craftsmanship and machinery, but is well within most consumers’ yearly budget. Customers always appreciate speedy assistance with their purchases. By providing easy access to information about Braaaap’s products, objectives and their online store (which provides one-stop shopping) to customers, with the purchase and delivery process kept to just 5 steps, ensures a speedy sale, impulse purchases and interest from new customers. By allowing customers to modify and personalise their purchase, Braaaap has unearthed an ideal strategy to let consumers be in control (through strategic channels) and tempted to customize your bike according to their wishes and dreams, with additional purchases more than likely include Braaaap branded merchandise which is not only designed for rider comfort and brand recognition but has become fashionable. Not all brands have managed this cross over. Braaaap’s purchase and delivery process

You May Also Find These Documents Helpful

  • Good Essays

    Thorr Motorcycles is a $5 billion company producing a wide range of motorcycles. In addition to producing motorcycles, the company, also have licensing programs; sell T-shirts, shoes, toys for the motorcycle. The company offer services in dealer training, dealer software packages, motorcycle rental, and rider training (University of Phoenix, 2013). The sales of high quality of motorcycles are declining. The cost of a princely motorcycle was $200 in 1901. Today, a heavyweight powerful cruisers cost $25,000 (University of Phoenix, 2013). The company must develop a marketing strategy to improve sales for Thorr Motorcycles.…

    • 1010 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Marketing Mix

    • 1907 Words
    • 8 Pages

    Pit bike, Dirt Bike, Mini Bike and their parts and accessories are available to shop online and in store. Braaap offers their own brand name bike or other major brands including: ProTaper, Renthal, Daytona, Elka and Castrol. Braaap refers their bike as the best dirt bike of its type in the world. It is assembled by Braaap’s mechanics base in Australia. There are 4 superstores branches around Australia.…

    • 1907 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    braaap company

    • 1023 Words
    • 5 Pages

    With a mission to give young people a clean adrenalin rush, through Motorcycling, the Braaap “Learn to Ride” program offering riding lessons to help new people get involved in their sport. The company believe everyone should have an opportunity to ride a motorcycle. Braaap has grown into a Motorcycle Manufacture fueled by a passion for riding and their mission to get more people involved in sport and to create new motorcyclists. Driven by its retail concept stores and dealership network the braaap brand is growing at a rapid pace across the world. Starting from the small state of Tasmania braaap is still designed in Australia and manufactured in partnership with specialist manufacturing partners from all over the world Including Canadian made suspension by ELKA, Japanese engine by DAYTONA, French Frame, European exhaust by CRD. Everything goes through Australian quality control and metal testing before its given the braaap Lifetime Warranty stamp of approval. The motorcycle is company’s…

    • 1023 Words
    • 5 Pages
    Satisfactory Essays
  • Good Essays

    BRAAAP Company

    • 987 Words
    • 4 Pages

    The Braaap motorcycle brand was established in 2008 by Brad Smith. Brad began with a vision to supply motorbikes which would making motorcycling more fun and accessible for people. The plan from the start was to build a motorcycle that would compete with custom built American race bikes, but be affordable for people that wish to have a go at this sport. It took a lot of visits to different manufacturers before they found one that believed in his vision. Since then it has been onwards and upwards for the Braaap brand, they have their own concept stores in Tasmania and Victoria, and franchise opportunities throughout Australia and the rest of the world. Braaap are also one of the only motorcycle brands on the market to offer a lifetime warranty.…

    • 987 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Perceptual Map Analysis

    • 1328 Words
    • 6 Pages

    Lifestyle image; 34% said it was expensive, 44% said it signifies power, and 57% said it was a stable motorcycle, and they enjoyed riding it (General Marketing, 2012). Reason for purchase; 44% said they loved the cruiser, 53% said it fit their lifestyle and 65% strongly agreed it was a status symbol. Product characteristics; 35% said it had massive capacity, 36% said most powerful in its market, and 54% said it was the best in its market segment (General Marketing, 2012). Perception about price; the consumer did not have a large amount of cash on hand just to buy a motorcycle, he or she would need some type of financing (General Marketing, 2012) . The consumers that took the survey had cash on hand of 9,000 to 23,000 (General Marketing, 2012). Thirty three percent of the consumers surveyed said they would buy if they would have financing options available to them. Perception about service; 41% of the surveyed men thought that the services provided from cruiser thorr were not sufficient or satisfactory (General Marketing,…

    • 1328 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Marketing Mix

    • 854 Words
    • 4 Pages

    After 3 years of development in the garage, Brad designed a bike he thought was competitive. He then travelled to China to find a factory that would make it to his exact specs and avoid the quality issues he’d found with other imports. After much searching, and with very little money or backing, he was lucky enough to find a French-owned company that shared his vision.…

    • 854 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Swot Analysis Of Braaap

    • 696 Words
    • 3 Pages

    Braaap has created their image through many kind of events which involve motorcycle, sometimes sponsoring athletics or tournaments around the world. Also they produce a catalogue monthly to keep their clients aware about what is changing or the market news. Most of the Braaap’s clients are young people between 20 to 35, especially mans, due to the practice of that sport. Anyway, they are trying to get more attention from woman and child. Braaap’s offer a program to learn how to ride and other events to entrencher the customer that might not like this sport or lifestyle. Braaap’s stores have segmented their business since they were just an online store with few equipments and brands. Beyond sell parts of motorcycles, Braaad starts to sell cloths and all equipments from many different brands. This action expanded the business and increased the profitability. A huge variety of equipments, not just parts of motorcycles but cloths and accessories from many different brands are an important turnaround of Braaap’s business. Even if the prices are high, does not matter because the quality, design, options and a reliable brand make the difference in the market. Braaap’s cover whole Australia…

    • 696 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    On the other hand, this essay provides a chance to challenge the role of pricing within four Ps of marketing mix and see its actual level of importance in the business environment. Therefore, it will bring marketing theory into reality, which shows the necessity to be flexible applying theory into changing business situation.…

    • 2460 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Ducati

    • 921 Words
    • 4 Pages

    If Ducati want to enter the cruiser market, the weakness is total quality control since Ducati is currently focused on producing sport-style motorcycle, they have no experience about the market of cruiser. They even don’t know how the customer want the cruiser be. Although Ducati will invest largely to research and produce cruiser, the lack of production experience will be a high barrier for them to produce a great cruiser. For the challenges, Ducati has to attract the customers in touring market since this kind of customers has a great interest about the cruiser motorcycle. According to Exhibit 10, the average age of Ducati customer ranged between 25 and 35 years old with an interest on the sporting motorcycles while the median age for Harley-Davidson customer in 2000 was 45.6 with an interest on cruiser, touring and naked motorcycles. This data shows it’s difficult for Ducati to attract the customer in a different segment. Moreover, according to Exhibit 4, the knee down riders and fast riders want a motorcycle with a multiple function and a high performance while weekend cruisers want their motorcycles to be medium degree of complex function and medium degree of comfort. It is difficult for Ducati change their product features to afford the weekend cruisers.…

    • 921 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    The products sold in the Braaap store have the characteristics to ensure the highest quality in the world. The Braaap’s online market is the biggest market around Australia. That brand Baap’s have many partners all over the world to develop and sell their products. They must manage the products and brands To create the customer relationship. Product is a key element in the overall market offering. The Braap brand offers a lifetime…

    • 3441 Words
    • 14 Pages
    Powerful Essays
  • Good Essays

    Marketing Mix

    • 1060 Words
    • 4 Pages

    Braaap began with the vision of making motorcycling more enjoyable and more accessible, enabling more people to experience what we love about motorcycling. In an over competitive industry dominated by just a few well-established and familiar brands it’sBraaap’sjob as an emerging brand to punch above our weight. Braaap have to outdo our competitors in componentry, Braaap have to outdo their warranty, Braaap have to offer more customization, Braaap have to make it easier to purchase, Braaap have to do more, be more.…

    • 1060 Words
    • 4 Pages
    Good Essays
  • Good Essays

    We will have different kinds of motorcycles such as: Underbone, Scooter, Solo, On/Off Road, Business Type, Cruiser, Ebikes and AEON.…

    • 2256 Words
    • 10 Pages
    Good Essays
  • Powerful Essays

    Product cost, demand for the product and competition are the three major factors affecting pricing decision. When data about factors are collected, before fixing up the product price by adopting an appropriate pricing method, the existing pricing policy must be reviewed and updated taking into consideration, the changed business environment, if any.…

    • 2578 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    ddws

    • 721 Words
    • 3 Pages

    In an over competitive and industry dominated by just a few well established and familiar brands it’s our job as an underdog, as an emerging brand to punch above our weight. We have to out do the others in componentry, we have to out do their warranty (braaap Lifetime Warranty), we have to offer more customization (Choose any colour) of course the bike is our masterpiece, we are motorcyclists, but it’s the community we created that sets us a part form the crowd. From our complimentary “Learn to Ride” program to our braaap Race Series, in store ride nights, the braaap Ride Club and of course “Lifetime Coaching” if your close to a braaap Concept store, braaap really is a lifestyle.…

    • 721 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    mr harry

    • 2936 Words
    • 12 Pages

    Braaap is an organisation of making motorcycling more accessible, so more people could experience what we love in riding. Our plan of attack was to build a bike that could compete on the world stage at the same time as being affordable. In 2003 we started manufacturing motorcycles from Tasmania in Australia, The motorcycle is our masterpiece. Lifetime Warranty, Winning World Championships, and punching above our weight as an emerging brand growing across the world keeps us proud as family business. With a young and hungry team the future looks bright, we are honoured to have your interest in what we do. From our customer interaction programs to ensure the dealer and the customer build a long term relationship to the cash flow positive guarantee’s we give our dealers to ensure the braaap dealer has certainty, confidence and opportunity from being a part of the braaap family it’s our mission to make braaap world class.…

    • 2936 Words
    • 12 Pages
    Powerful Essays