Prince Of Marketing Discussion
Step 1: Watch the Shark Tank video
https://www.youtube.com/watch?v=v_a0mzD9DJQ
If the link doesn’t work, please copy paste the URL.
(Bottlecap Jewelry)
Step 2: Stop the video immediately before Sharks give their decisions.
Step 3: Answer the questions.
All the answers combined should be no less than 250 words
The answers are based out of your marketing ideas, NOT what the Sharks say and
NOT what the pitch presenter’s information provides.
Refer to your textbook for marketing terminologies and concept to submit
marketing-based responses.
Prince Of Marketing Discussion
Step 4: Resume watching the video if you like.
Q1. Should the Sharks invest? Why, Why not?
This is based NOT on the what happens in the show, but whether YOU think Sharks
should consider this pitch a good business investment.
Discuss: (a) product idea, (b) marketability, (c) future growth, (d) investment
Q2. Would YOU invest? Why, Why not.
Discuss: (a) product idea, (b) marketability, (c) future growth, (d) investment
Q3. If this were your marketing idea, who would YOU select as the Target Market?
(a) Who would be the primary target market?
How large in number are they according your research?
(b) Who would be the secondary target market?
How large in number are they according your research?
Q4. What would be YOUR Product Positioning? Remember, if the product is not CLEARLY
different from the existing competition or similar products, consumers will not find the
justification to change their behavior to take a risk to try your product.
(a) How would you present this product to the market?
(b) What would you say is the Competitive Advantage?
(c) How would you clearly position the product different from competition, whether it be
direct competition or indirect competition?
Q5. How (what media platform) would you communicate? Do not just select Social
Media – Social Media is not necessarily the best way to promote for most of the
products.
What will your promotional message say?
Prince Of Marketing Discussion
Q6. How would you distribute the product considering your maximum profitability and
exposure, as well as customer convenience?
Explain your response.
Q7. How would you price the product, considering customer’s perception of value, your
goal of penetration / selectivity, and in accordance to the product positioning?
Explain your response.
Q8. Using your marketing creativity, how else do you think the product can be used?
Explain your idea in how this core product can be made into other line extensions
(e.g. cereal made into cereal bar, packaged together with yogurt or ice cream for
topping, etc.)
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more