Developing an Up-Sell Product

Closed
905collection
Toronto, Ontario, Canada
RG
Manager
(1)
3
Preferred learners
  • Anywhere
  • Academic experience
Categories
Market research Competitive analysis Market expansion
Skills
marketing sales strategy new product development
Project scope
What is the main goal for this project?

We want you to help us develop a new product that will appeal to our target customer, which we can offer as an up-sell to our existing product(s).

To accomplish this, we believe you should focus on:

  • Conducting customer interviews to understand purchase decisions and needs.
  • Defining customer segments that we could target.
  • Brainstorming potential product ideas.
  • Developing marketing messaging and sales strategy for the new product.

We hope this new product will increase revenue and grow our customer lifetime value.


What tasks will learners need to complete to achieve the project goal?
  • A written report explaining how the new product or service will complement our existing offering and increase our customer lifetime value.
  • A 5-minute product pitch presentation.
About the company

The 905 is a growing brand that is launching into the new markets by proving custom products to the needs of teens.