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ASICS, the popular sports equipment brand, is launching “FlyFit”, a line of smart athletic shoes designed to revolutionize how fitness enthusiasts train. FlyFit shoes are embedded with advanced sensors that track detailed metrics such as length, ground contact time, foot pressure, and balance. These shoes and the FlyFit app provide users with real-time feedback and personalized training plans tailored to their specific athletic goals. The app also connects with popular fitness platforms like Strava, allowing users to share their achievements and progress.
ASICS aims to position FlyFit as the ultimate tool for optimizing performance and reducing injury risk, leveraging technology to give athletes a competitive edge.
The CEO of ASICS has asked you to develop a Marketing Plan in order to launch this new product. Please answer the following questions based on your personal opinion:
1) Who is the key target consumer of this new product? 2) How would you price the product? Higher than a "standard" product to stand out in the market or lower to make it accessible to everybody? Explain your reasoning. 3) What sales channels (eg. online/offline) would you use to advertise?