Sunday, December 8, 2013

Ch. 7 - Business Marketing




Nikestore.com is a major asset to Nike's portion of sales. Anything you are interested in 
 Nikestore.com has got you covered from the everyday walking or running shoe right down to the on field cleats. This is not limiting itself to the t-shirts, comfy pants, or just a plain pair of socks. Nike Inc. holds the advantage against its competitors - weekly if not monthly releases of sneakers which gather in a rather large amount of profit due to its large demand. Nikestore.com has its own twitter handler which goes by @nikestore on twitter, it has separate twitter handler for its several locations such as @NikeNYC, @21Mercer, Etc... - @nikestore has a very reputable amount of "followers", @nikestore has about 1.8 Million followers, this amount increases on a daily basis and is also not including the people who don’t have twitter accounts yet still visit the @nikestore page. Nike's approach to this twitter trend is that Nike Inc. knows how to approach and penetrate the young market via the internet. Nike already understands the prestige exclusivity that their products carry - now taking this into a matter of applying the access to the internet market. Nike releases popular sneakers via twitter link only, so your only chance at getting a pair of sneakers is via twitter? not necessarily but take in to account with the demand via the retail chains does anyone really want to wake up early on a Saturday morning take the trip to the store to not have the slightest chance at buying a reputable sneaker which probably might be sold out due to the amount of people already lined up in front of the store, Chances are no one really wants to wake up that early on a Saturday morning. Nikestore.com has taken this into consideration so now Nike has a simple solution which is to wake up a little earlier than 8am - which is the usual time that Nike releases its products via twitter link - hop on the computer, head to twitter.com/nikestore then wait for the link and click on “purchase”, from there you either got them or they sold out on you, Simple solution instead of having to travel to the retail store.

Nike Inc. Reaches the Market
Nike has been very successful over time one would say a very well developed and managed brand. Nike saves money due to the fact that Nike Inc. does not make their own shoes; instead Nike hires factories in other countries to make their products there. Nike is saving by having the products made elsewhere and having to pay less, Nike also benefits of this because now Nike becomes the designer/developer of their shoes and the distributor. Nike also acts as in weird way as the Manufacturer and the intermediary. Nike makes the product and uses a strategic alliance with retailers such as Finishline, Footlocker, and Eastbay.com by supplying them with Nike products to be sold to the consumers, therefore Nike reaching the public from many different retail chains. Nike also ensures trust of their consumers with the use of warranties on all their products. Nike gives a certain amount of time to return products, although if the product is in new condition Nike allows you to return the products at any time, also Nike allows you to purchase a product anywhere else such as Footlocker, Finishline, and any other place you can think of the Nike warranty applies - where Nike will reimburse you with a Nike gift card. Nike also provides a contact number where you can call and speak to a representative and you can go to nikestore.com and chat with a representative where they will help you with all your needs. Nike is also well known for the presentable designs with their products - Nike does no less with the presentation of their stores which are designed to look like sport facilities which never fail to impress, always keeping their customers impressed and wanting more

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