Marketing Analysis: 4 P'S of Maggie Noodles
Marketing Analysis: 4 P'S of Maggie Noodles
Marketing Analysis: 4 P'S of Maggie Noodles
Maggi uses a cost based pricing strategy to tap in to various markets in the world.
The competitive prices are compensated with high volumes of the products.
Competition and cost are the two major factors in the marketing mix pricing strategy of
Maggi.
As The prices in various countries Are Rising Maggi has smartly started reducing the
quantity to keep the prices unchanged.
Maggi is trying to tap into all segments of income category it keeps differential prices in
depending locations and across countries.
In recent times Maggi has started coming up with new products like the cup range and Hot
Heads noodles which it targets for the higher income level segments and hence are priced
at higher range.
PLACE & DISTRIBUTION
Maggi products are widely available due to the strong presence of Nestle.
The distribution strategy followed by Nestlé is Producers to Distributors to
Wholesalers to Retailers to Consumers.
Due to its so deep reach even into rural areas and small towns, it has gained it the
top position.
Maggi products are directly taken from the factories which are independently
managed to Carry and Forward Agencies who then store in there large
warehouses and pass them onto the wholesalers according to their demanded
quantities.
The Retailers can Be Convenience Stores Or Super Markets.
PROMOTION
Maggi has used advertising as its main promotional strategy to create awareness
and for brand recall.
Initially it focused on kids and working women who have very less time to prepare
food.
The advertisements mainly flashed on kids channels with effective tag lines of
“Bas 2-minute” and the jingle “Maggi Maggi Maggi”.
It has also used the “Miss you Maggi” ad campaign to regain back the lost
customers after the Maggi ban in India.
Maggi has also offered discounts, Scratch n Win schemes. It also used many
celebrities notably Amitabh Bachchan and Madhuri Dixit for brand endorsements.