Marketing and sales strategies for products targeting different income group
Marketing and sales strategies for products targeting each income group in Indian metro cities: 1. **Low-Income Group:** - Affordable Pricing: Offer products at competitive prices, focusing on affordability and value for money. - Promotions and Discounts: Implement regular promotional campaigns, discounts, and bundle offers to attract price-sensitive consumers. - Localized Marketing: Engage in localized marketing efforts through community events, street promotions, and partnerships with local businesses. - Simple and Clear Messaging: Communicate product benefits in a straightforward and clear manner, emphasizing how they meet basic needs at an affordable cost. - Distribution Channels: Utilize distribution channels that are accessible and convenient for low-income consumers, including small local stores, street vendors, and online platforms with cash-on-delivery options. 2. **Middle-Income Group:** - Quality and Value Proposition: Emphasize product quality, reliability, and value for mo...