Launched on the crowd funding platform Kick starter by manufacturer Subminimal, their product the NanoFoamer PRO “is a first-of-its-kind appliance for preparing premium microfoam milk at home. It’s the easiest and most satisfying way to create premium textured foam. And it does it all by itself in the same amount of time it takes you to pull an espresso”. So far, the NanoFoamer PRO has been a massive hit on Kickstarter, accumulating more than €500.000 (almost AED 2,000.000). Therefore, it is certainly not inconceivable that the product will be manufactured and launched on a large scale.

Scrutinise Subminimal’s marketing endeavors by applying what we learned during our Marketing Management course. Your first step will be to determine and develop what should be Subminimal’s value proposition in your opinion.

Determining and developing your value proposition

1. a. Who could be interested in this product? First, you are going to identify and outline 2 market segments that operate in this fragmented market. Make sure to document the i) psychographics, ii) demographics, iii) geographics, and iv) the segments’ behavioural patterns of these 2 market segments. Substantiate each of the segments that you have identified by referring to both a piece of qualitative data and a piece of quantitative data that you have come across during your market research

b. Next, target 1 of these segments, toward which you think Subminimal should be directing its marketing efforts when launching the NanoFoamer PRO. Argue why you believe their resources are best spent targeting this market segment.