Top 4 Product Categories in High Demand/ 3 Common Types of Market Expansion/
4 Reasons Why You Should Expand Your Product Line
Malaysians are looking for natural or organic health products.
Top 4 Product Categories in High Demand:
- Natural slimming & Fat Burning
- Skin health & hair strengthening
3 common types of product expansion:
- Adding new versions of existing products (eg: new flavor/no sugar version)
- Providing upgrades to existing products (eg: new advanced formula)
- Adding new product categories to your portfolio
4 Reasons why you should expand your product line:
- Boosts Market Share: Increase the tendency of reaching a wider audience and purchasing market
- Increases Customer Loyalty: Offer greater opportunities to engage with your brand
- Minimizes Business Risk: Helps to maintain traction in the marketplace
- Improves Visibility and Credibility: Reach wider audience,build credibility and create top of mind awareness for your brand.
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