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Tuesday, September 22, 2020

Marketing Mix - Place

We are selling yoyos on Market day and were are planning on having our stool anywhere close to the public eye 

 Where will you be producing your product?  

We are making our yo-yo's in M5 and on the laser cutter, we are using M5 as a point where we build and stick the parts of the yo-yo together. The laser cutter is for cutting out the parts of the cardboard and we are bulking them so when we return to M5 we can create the yo-yos.

Where would a good location be for your product on Market Day?

1 think that it works really anywhere, outside inside it doesn't matter unless we really want the public eye then we will want to be somewhere that is where the people are all coming in from. Outside will be more open and aware to the public but inside is nice and easy to have set up.

Pedestrian and traffic flow (does your business rely on people walking past or is your product unique enough that people will seek you out?)

Our product is more likely to not be seen by the public due to it only being an innovated and environmental version of the yoyo so we are more relying on the public to be looking at every stall and not skipping some.

Competition - who else will be selling similar products to you on Market day? How will your product stand out?

I don't think we have competition but if we do then we're probably gonna be beaten because we don't really stand out. Hopefully, a group of people will be interested in our product and will purchase it.

I think that the yoyos will be seen eventually on the day after a bit of time and that it will stick out to more of an older audience, adults and not the youth.

Would you buy this product?

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