After some research i have already decided the following things , these may change, and i may add to the list, until i decide on the product. Here i am just trying to explain my thought process -
- i want to advertise a physical product, rather than a service or something digital based, purely as a personal choice, because i think i would prefer to advertise a physical object
- something simple, a new brand of an everyday item, i want something mass market and not neccesarily different to other brands, as i am interested in perceived brand differentiation, which is where the product has no real differentiation, and its competitive advantage is created through the way it is advertised and marketed.
I am no closer to deciding on a product because it is such a big step towards the end product, i dont want to commit to a product too early and rule out other options.
You need to consider whether there is a need/desire for that product in the market place. Or put another way: "Is it popular at the moment?" You could also consider practical issues. How easy will it be to advertise insurance for example. Will you be able to get the locations, props etc associated with the product?
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