Marketing Project Essay - Part 2
Marketing Mix Product Offering- Monster Energy Monster Energy gives a powerful blast of energy with a smooth and easy drinking flavor - Marketing Project Essay introduction. This energy supplement comes in a black colored can with a lime green M shaped tear logo (looking as if a monster clawed the can). Monster Energy supports and promotes itself in extreme sporting events and is the primary sponsor of the Kyle Busch Motorsports. Also, Monster using music bands such as Asking Alexandria, The Word Alive, Shinedown and Escape the fade to promote their products.
Distributor Monster Beverage Corporation in which Monster Energy drink parent company distributes their products along with other Monster products out of Corona, CA. Monster Beverage Corporate is a leading marketer and distributor of energy drinks and alternative beverages. Pricing Monster Energy Drink price per unit $2. 19. Pricing Strategy is very essential as it ensures goals are achieved by locating the price point when they can maximize sales and profits.
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Monster used Penetration Pricing upon entering its target market; as it wanted an advantage over its competitor Red Bull. Markup or the difference between the cost of the product and its selling pricing is . 80. Promotion Promotion also being another key element to the marketing mix has key mixes within itself such as Personal Selling, which Monster Energy uses to train each Account manager to ensure they are knowledge about the product to ensure all sales quotes are achieved and maximized.
Advertising and Sales promotion are done whereas Monster uses displays, billboards, and TV commercials to appeal it its target market. See below video below. http://www. google. com/url? sa=t&rct=j&q=monster%20energycommerical&source=web&cd=4&cad=rja&ved=0CFUQFjAD&url=http%3A%2F%2Fvimeo. com%2F19577930&ei=PPGHUZCeH-Xm0QGlnoHgDw&v6u=http%3A%2F%2Fs-v6exp1-ds. metric. gstatic. com%2Fgen_204%3Fip%3D12. 234. 19. 253%26ts%3D1367863612867088%26auth%3D4hdzouyimxvybmavanatwivtb2rxuho5%26rndm%3D0. 488112357177807&v6s=2&v6t=22103&usg=AFQjCNGfca S2UbHFhtIIkTMrlbjSwL-1zQ&bvm=bv. 45960087,d. eWU As it relates to publicity Monster Beverage Corporation has scheduled Press Releases of Financial Results posted quarter? Also, it has Annual Shareholder’s Meeting and semiannual business updates in which Monster Beverage makes available to the public. References: www. monsterenergy. com www. monsterbevcorp. com Houston Chronicle “Different Types of Pricing Strategy by Leigh Richards, Demand Media