BUS FPX 3030 Assessment 2 Place Analysis
Phillip February 27, 2024 No Comments

BUS FPX 3030 Assessment 2 Place Analysis

BUS FPX 3030 Assessment 2 Place Analysis

Name

Capella university

BUS-FPX3030 Fundamentals of Marketing and Sales

Prof. Name

Date

Place Analysis

Place analysis in product marketing involves evaluating the retail locations and distribution channels utilized to sell a product. This process includes studying various factors such as consumer behavior, market trends, and competition to determine the most effective ways to reach the target audience. In product marketing, place analysis examines the placement and accessibility of brick-and-mortar storefronts, online platforms, and other distribution channels.

It also involves evaluating the efficiency of existing distribution channels and identifying opportunities to enhance distribution. By analyzing places, marketers can gain insights into their target market’s shopping habits and ensure that their products are available in practical and accessible locations (Penke, 2020). This can lead to increased sales, customer satisfaction, brand recognition, and loyalty.

Areas of Red Bull Large-Scale Consumption and Sales

While Red Bull is sold in approximately 171 countries worldwide, certain regions exhibit higher levels of consumption and sales. Initially introduced in Austria in 1987, Red Bull remains popular across Europe, especially in Germany, Austria, Switzerland, and the UK. It has also gained significant popularity in the United States since its introduction in 1997. Additionally, it is widely consumed in Asia, particularly in Thailand, Japan, South Korea, and Indonesia, and in Australia and New Zealand.

Red Bull is available in various retail outlets, including convenience stores, gas stations, supermarkets, and online platforms, and is often found in pubs, clubs, and music festivals. The company also sponsors numerous sporting events and extreme sports competitions to further promote its brand and boost sales.

To expand its market reach, Red Bull could consider targeting coffee shops and cafes to sell a coffee-flavored version of its energy drink. With the rise of e-commerce, leveraging online marketplaces like Amazon and Alibaba could help reach online shoppers. Additionally, targeting workplaces and offices where individuals seek energy boosts could be advantageous. However, the success of these strategies depends on factors such as pricing, marketing, and consumer appeal (Simulescu et al., 2019).

Red Bull’s Current Distribution Channels

Red Bull’s energy drinks are distributed through various channels, including retail stores such as supermarkets, convenience stores, and pharmacies. They are also available in food service establishments like restaurants and cafes, as well as through online marketplaces like Amazon and Walmart. Furthermore, Red Bull promotes its products through sponsorships and events, including sporting events and music festivals, and maintains a web store for direct purchases (Thomas et al., 2019).

Getting Their Product to Market

Red Bull employs a multi-channel strategy to bring its products to market, partnering with distribution companies to ensure availability in traditional retail locations. Additionally, the company operates its web store and offers an online subscription service. Through sponsorships and events, Red Bull promotes its brand to a wide audience, particularly in sports and music circles. Leveraging social media platforms further enhances visibility and engagement with the target market (Penke, 2020).

Place Analysis Strategy and Impact on Economic Success

Red Bull’s location strategy focuses on establishing a global distribution network through strategic partnerships and collaborations. By ensuring product availability and accessibility, Red Bull has increased consumer preference and brand loyalty. Additionally, its online presence has facilitated access to distant markets and online shoppers, contributing to overall commercial success (McIntosh et al., 2023).

Recommendation to Improve Business Success

To enhance business success, Red Bull should prioritize key distribution channels for its new coffee-flavored energy drink and establish strong partnerships. Market research should inform distribution strategies tailored to consumer preferences and demand. Targeted marketing campaigns, including collaborations with coffee shops and social media influencers, can increase product visibility. Investing in online distribution channels and regularly evaluating effectiveness can further drive commercial success (Avelar et al., 2020).

Conclusion

The strategic placement of Red Bull’s products has played a pivotal role in the company’s success, with a global distribution network ensuring accessibility and visibility. Collaborations with retailers and businesses, coupled with an effective online presence, have bolstered brand image and market dominance. Red Bull’s emphasis on providing a seamless purchasing experience has kept the company ahead in the energy drink industry. Looking ahead, continued focus on distribution strategies will be essential for future growth and profitability.

References

Avelar, M., Sousa, Á., & Menezes, A. (2020). The impacts of sport tourism events: The Red Bull Cliff Diving World Series case in the Azores Islands. Advances in Tourism, Technology and Systems, 64–80.

Benjawan Promrueang, & Jaruporn Tangpattanakit. (2021). How corporate social responsibility (CSR) impacts on corporate image and consumers’ trust with the social trend as an extraneous variable: A case study of Red Bull Beverage Co., Ltd. UBRU International Journal, 1(3), 31–39.

Campos-Pérez, J., & Cámara-Martos, F. (2019). Influence of substances present in energy and sports drinks in improving athletic performance. ScienceDirect.

McIntosh, E., Ferguson, S. A., Dorrian, J., Coates, A. M., Leung, G., & Gupta, C. C. (2023). “Mars bar and a tin of Red Bull kept me and my patients alive”: Exploring barriers to healthy eating through Facebook comments of shift workers. Nutrients, 15(4), 959.

BUS FPX 3030 Assessment 2 Place Analysis

Penke, L. (2020). Red Bull gaining momentum in European club football: The competitive advantage of Rasen Ballsport Leipzig e.V. Bibliotecadigital.fgv.br.

Simulescu, V., Ilia, G., Macarie, L., & Merghes, P. (2019). Sport and energy drinks consumption before, during and after training. Science & Sports, 34(1), 3–9.

Thomas, C. J., Rothschild, J., Earnest, C. P., & Blaisdell, A. (2019). The effects of energy drink consumption on cognitive and physical performance in elite League of Legends players. Sports, 7(9), 196.

BUS FPX 3030 Assessment 2 Place Analysis