UNIVERSITY OF TECHNOLOGY, MALAYSIA
IN COLLABORATION WITH
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DARULNAIM COLLEGE OF TECHNOLOGY

MARKETING FOR INNOVATIVE PRODUCT (SHF3723):NEVERWET RUSTOLEUM | PREPARED BY: AISYAH NADHIRA BINTI ZAINI (920125-01-5380) SHAD/1 SUBMITTED TO: MISS WAN NUR LIYANA BINTI WAN MOHD FAUZI in partial fulfillment of the requirement for Marketing For innovative Products (SHF 3723) SUBMISSION DATE: 3 DECEMBER 2013 | |

Table of Contents 2 INTRODUCTION 3 3 RUST-OLEUM 4 3.1 COMPANY BACKGROUND 4 3.2 SITUATION 5 3.3 SITUATION STATEMENT 6 3.4 COMPETITORS 6 3.5 TARGET MARKET 7 3.6 MARKETING OBJECTIVES 8 3.7 SOCIAL MEDIA PLAN 8 3.7.1 STEP 1: TEAM EDUCATION AND ENGAGEMENT 9 3.7.2 STEP 2: MESSAGING 10 3.7.3 STEP 3: TACTICS 11 4 NEVERWET 17 4.1 HOW TO USE THE PRODUCT 17 4.2 MOTIVATION 17 4.3 SWOT ANALYSIS 18 4.3.1 STRENGTH 18 4.3.2 WEAKNESSES 18 4.3.3 OPPORTUNITIES 18 4.3.4 THREAT 19 4.4 TARGET MARKET 19 4.5 PRODUCT BEHAVIOUR 19 4.6 PLACE (DISTRIBUTION) 19 4.7 CHANNEL OF DISTRIBUTION 20 4.8 PRICE 20 4.9 PROMOTION 20 5 CONCLUSION 21 6 REFERENCES 22 7 APPENDIXES 23

INTRODUCTION

Social media has taken the marketing world by storm. Today, not only do companies have a dedicated Website,but organizations, representative of all industries and sizes, also have a blog, Twitter account, Facebook page and a Youtube channel (Wetpaint & Alimeter, 2009). In fact, social media is the number one activity on the web. Because of this, companies view social media as a critical component to its overall marketing strategy, especially since these tactics are cost-effective and produce results (Wetpaint & Alimeter Group, 2009).

A social media strategy allows a business to reach a different audience – sometimes a smaller, niche audience committed to a