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How to know if the company products are known?

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Question ajoutée par Nadjib RABAHI , Freelancer , My own account
Date de publication: 2016/05/09
Sunil Balu
par Sunil Balu , Call Center Executive and Trainer , Ajuba Solutions

Hello Mr Nadjib Rabahi,

 

That's a very good question! Happy to explain.

 

It is very vital to know the feedback of a product in the market. That's how we work on product improvement and development. 

 

In order to know the publicity of the product in the market, there needs to be an effective market research carried out with the consumers, retailers and distributors. 

 

This can be done through direct approach (in person, email or phone calls) or by running a field trials. Field trials can be done by placing a product in a store and observing its movement in the market very closely.

The movement of your product should also be compared with the competitors product behavior in the market. This will help us understand industry standards and also work on process improvements in order to increase the publicity.

 

I hope this should suffice.

Utilisateur supprimé
par Utilisateur supprimé

Customer Engagement like feedbacks and reviews, online or offline. 

Asad khan
par Asad khan , Product specialist , shaigan pharmaceutical

The sales figure evaluate how much the product is known to the customer.

Sathish Prabhu.V
par Sathish Prabhu.V , Manager - Operations & Process Improvement , Revolution Valves

One way and best way to check the product performance in the market is by market research.

This result will not only reveal the product performance, but also ensure other aspects like improvements needed, product life cycle, etc., will help in sustaining and improving the product

sardar mardookhy
par sardar mardookhy , Head of portfolio management department , MCI

Thanks for invite, agreed with experts answers.

Amjed Mehboob
par Amjed Mehboob , G.M -(Currently Job Seeking ) , Advance Education centre

Thanks For inviting  me , i agree with Mr.Sunil

Faizan Ahmad
par Faizan Ahmad , Regional Head - Digital Sales , Kasturi and Sons Ltd (The Hindu Group)

Apart from what our colleague has suggested would ask to Dig out the data for market share and volume sales, this will help you in understanding the brand acceptability. 

ghazi Almahadeen
par ghazi Almahadeen , Project Facilitator , Jordan River Foundation

Thanks for the invite ............................ Leave an answer to the experts

Utilisateur supprimé
par Utilisateur supprimé

There are many ways to know how popular are your brands/products.

1. Top of the mind brand recall survey - (this will help you understand which is the most popular brand in ur segment)

2. Survey by asking specifically if your target audience are aware of your brand/ product

3. observing consumer behavior at your market place

4. Your quantity sales Vs competitors and many more

 

But pls note that if your product/ brand is v. popular does not necessarily equate to the same level of sales. e.g. Rolls Royce is very well known, but its annual sale is no where near to Geely (Chinese car) monthly or even weekly sale-out.

 

Your popularity and sales must be compared to that of your nearest competitors. 

 

Benchmark your product against your specific target market's leader and plan your marketing activities accordingly.

Mushreq Abdulmajeed
par Mushreq Abdulmajeed , Senior Project Supervisor , Lagoon Spring Company

Thank you for invitation I agree with the answers of experts

Wasi Rahman Sheikh
par Wasi Rahman Sheikh , WAREHOUSE SUPERVISOR , AL MUTLAQ FURNITURE MFG

Agree with all answer <<<<<<<<<<<<<<<<<

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