Published by MBA Skool Team, Last Updated: February 26, 2019
Marketing Strategy of Neutrogena analyses the brand with the marketing mix framework which covers the 4Ps (Product, Price, Place, Promotion). There are several marketing strategies like product innovation, pricing approach, promotion planning etc. These business strategies, based on Neutrogena marketing mix, help the brand succeed in the market.
Neutrogena marketing strategy helps the brand/company to position itself competitively in the market and achieve its business goals & objectives.
Let us start the Neutrogena Marketing Strategy & Mix to understand its product, pricing, advertising & distribution strategies:
The product strategy and mix in Neutrogena marketing strategy can be explained as follows:
Neutrogena is a leading skincare brand. Neutrogena obliges the day by day needs of the purchasers like healthy skin and hair care. Its items satisfy the obligation of complete individual consideration routine as its assortment ranges from body and bath care items, hair care items, cleansers and moisturizing agents. Neutrogena has set up itself as a market leader of healthy skin products. The target market for Neutrogena is to a great extent are ladies. Since women, in general, are more aware of their skin care and put more focus on looking great. The status of being the main brand supported by specialists goes about as a trigger in driving the revenue.
Neutrogena Price/Pricing Strategy:
Below is the pricing strategy in Neutrogena marketing strategy:
Neutrogena has focused on professionals and youngsters as its targeted customers that are searching for a total healthy skin routine.
Neutrogena centres around conveying nature of most extreme dimension to its purchasers. The exceptional quality products are priced at par with that of contenders. Its products are priced just above the pricing segment of Clean & Clear which is another subsidiary of Johnson & Johnson. As the brand had been suggested by dermatologists, individuals unquestionably put it all on the line as it appeared to be economical and suitable to them. This helps in giving premium quality items at mid-level valuing to buyers and be fruitful at it.
Following is the distribution strategy in the Neutrogena marketing mix:
Neutrogena products are available across geographies due to a wide distribution network. Since its inception, it has spread its presence in practically all developed and emerging nations. Its item nearness has spread to about 70 countries across Asia, Europe, Americas etc. It utilizes its parent organization's wide supply chain network to enter more markets. It has increased its status by partnering itself with organizations like doctor's facilities and lavish inns. It utilizes indirect mediums like grocery stores, shopping centres and departmental stores to sell its products. Items are brought from the manufacturing facilities and afterwards put away in stockrooms and dispersion centre points. The conveyance specialists who are allocated explicit regions over which they have duties get the things from centre points and convey it to the retailers at their demand. It has partnered with many e-commerce websites to make its products available to consumers.
To draw in men Neutrogena presented sports-initiated items.
Neutrogena Promotion & Advertising Strategy:
The promotional and advertising strategy in the Neutrogena marketing strategy is as follows:
Neutrogena is an incredibly famous brand and is additionally the #1 mark prescribed by dermatologists. These two highlights are constantly utilized by Neutrogena to draw in purchasers. Its primary mode of advancement is through TV advertisements, bulletins, magazines and verbal promoting which is an announcement in itself. Neutrogena has structured a few insightful and appealing ads by taking in circumstances from reality to connect better with the youthful populace. Neutrogena advances its items by making mindfulness in the overall population about the advantages of the item. Neutrogena gets into the psyches of the shoppers which results in its position getting to be solid and at whatever point a buyer thinks about an item for his/her healthy skin or body care Neutrogena happens to come first. This concludes the marketing mix Neutrogena.
Neutrogena was established in 1930 and later in 1994 turned into a subsidiary in Johnson and Johnson. It produces skin care, hair care and makeup items and is headquartered in Los Angeles. Its motivation is to take into account the individual consideration needs of the purchasers all in all. It utilizes natural and essential elements to create skin soothing items which deal with every one of the requirements of a person. Its product range starts from hair care, healthy skin to shower and body and beauty care products.
The target group for Neutrogena are people who are conscious of their personal care and are continually searching for a dependable chain of items which can address their issues. It takes pride in being the main brand prescribed by the dermatologists.
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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