Answer the following questions about a TESLA in your own words who are the target customers for the company/brand? Make sure you tell why you selected each item that you did. (NOTE: DO NOT say “ANY, ALL, EVERYONE” you cannot target everyone, you must be specific).
- Education Level: [Insert response]
- Lifestyle: [Insert response]
- Psychographics (Interest, Hobbies, Past-times): [Insert response]
- Values (What the customer values overall in life): [Insert response]
- Other items you would segment up on: [Insert response]
- How does the company currently reach its customers/user : [Insert response]
- What methods and media does the company use to currently reach the customers/users: [Insert response]
- What methods and media should the company use to currently reach the customers/users: [Insert response]
Positioning Statement and Motto
- What would grab the customers/users’ attention? Why do you think this will capture their attention: [Insert response]
- What do these target customers’ value from the business and its products? Why do you think they value these items: [Insert response]
Competitors
- Who are the brand’s competitors? Provide at least 3 competitors and tell why you selected each competitor.
- Competitor 1: [Insert response]
- Competitor 2: [Insert response]
- Competitor 3: [Insert response]
USP (Unique Selling Proposition) Creation
- What is the brand’s uniqueness? Why do you think this is a key uniqueness for this business: [Insert response
- What is the competitive advantage of the brand? How is it different from other competing brands? Why do you consider this a competitive advantage: [Insert response]
- What attributes or benefits does the brand have that dominate competitors? Why do you think they dominate: [Insert response]
How is this brand/company better than its competitors? What is the brand’s USP (Unique Selling Proposition? Why have you decided upon this particular USP?
Unique Selling Proposition: [Insert response]
Defense/Justification of USP: [Insert response]
Positioning Statement & Motto
Develop a new positioning statement and motto for the brand you selected. Below is an example of BMW’s positioning statement and motto. Discuss why you created the items that you did?
• BMW Positioning statement: The brand for discerning customers of sports cars (target customers) who want an exhilarating experience (USP).
• BMW Motto: BMW is the ultimate driving machine.
- Newly Created Positioning Statement: [Insert response]
- Defense/Justification of Positioning Statement Creation: [Insert response]
- Newly Created Motto: [Insert response]
- Defense/ Justification of Motto Creation: [Insert response]