PROPOSED MARKETING STRATEGIES TO INCREASEBRAND LOYALTY AND SALES OF CETAPHIL INDONESIA
The Indonesian skincare market, valued at $1.7 billion in 2021, is witnessing notable changes influenced by shifting consumer behaviours due to the Covid-19 pandemic. These changes include a heightened focus on personal health and an increased willingness among consumers to switch brands for b...
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Format: | Theses |
Language: | Indonesia |
Online Access: | https://digilib.itb.ac.id/gdl/view/83893 |
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Institution: | Institut Teknologi Bandung |
Language: | Indonesia |
Summary: | The Indonesian skincare market, valued at $1.7 billion in 2021, is witnessing
notable changes influenced by shifting consumer behaviours due to the Covid-19
pandemic. These changes include a heightened focus on personal health and an
increased willingness among consumers to switch brands for better prices or
quality. Cetaphil Indonesia faces challenges in boosting sales and enhancing brand
loyalty in this competitive landscape. This study aims to analyse market dynamics,
identify factors affecting brand loyalty, and propose targeted marketing strategies
to regain lost users and increase sales. The research addresses three key questions:
the internal and external factors impacting Cetaphil, strategies to improve brand
loyalty and recapture users, and practical implementation methods for sustainable
growth.
To achieve these goals, a mixed-method approach is employed, incorporating
qualitative and quantitative methodologies. Qualitative data is gathered through
interviews with key stakeholders within Cetaphil Indonesia, while secondary data
sources provide additional context. Quantitative data is collected through an online
survey distributed to a sample representing Cetaphil's target demographic in
Indonesia. Analysis reveals opportunities for targeted marketing campaigns,
leveraging social media influencers and partnerships to enhance brand visibility and
credibility. Additionally, implementing customer loyalty programs and
personalized promotions can incentivize repeat purchases and foster brand loyalty.
Optimizing pricing strategies to offer competitive value propositions while
maintaining quality standards is crucial. Expanding distribution channels to reach
untapped market segments and enhancing the digital presence through e-commerce
platforms and engaging content creation are key components of the proposed
strategy. These initiatives aim to address challenges and capitalize on opportunities,
fostering sustainable growth and brand loyalty for Cetaphil Indonesia in the
evolving skincare market landscape. |
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