Product Idea and Search Engines/Electronic Marketing 1. Develop a product servic
ID: 3904922 • Letter: P
Question
Product Idea and Search Engines/Electronic Marketing
1. Develop a product service idea.
A. Describe the product/service including the benefits of using the product/service
B. Discuss the potential customers for this product/service
2. Based on the nature of the product/service, recommend at least 3 possible ways to market the product electronically. Your suggestions must include at least one search engine. Describe your recommendations and discuss the advantages and disadvantages of each.
(PLEASE MAKE SURE YOU DO NOT COPY PASTE FROM THE INTERNET, BEWARE OF PLAGIARISM)
Explanation / Answer
My product idea will be a portable oil extracting machine.
Benefits:
Potential customers:
Nowadays the oil from the store is not that much pure, they are mixing the cooking oil with some toxic effluents.
The one who loves nature are the key customers for this type of products
The other main factor is it is good for our health so, we can target the older peoples.
The patients, older age persons, children can be benefitted from this product.
Possible ways to market it electronically:
1) Now the google is deeply working on passing the advertisement for the customized people.
Advantages:
It reduces the wasting money on random peoples.
Disadvantages:
Cost is too high
2) We will try to approach all the leading hospitals to advertise our product in their websites.
Advantages:
We can get orders easily.
Disadvantages:
Hence convincing hospital management is a tougher task.
3) We can approach the leading retailers like flipkart, amazon etc.
Advantages:
As all the people using these applications much, they will easily come to know about our products.
Disadvantages:
As they are big giants we have to share our profit with these retailers.
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