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INTRODUCTION
1.1 Background
Marketing of any product is an art. In this current world, marketing is stands with a very
important role for launching a new product. Marketing a product is becoming very difficult and
definitely so tuft. Because in launching a product, first the main problem is the competitors of
that particular product. If the functions of marketing are right than the product can be marketed
successfully. In the current world, 85% of new product failed to build its image. Because
definitely there is some mistakes happened in the marketing process. Therefore, it is so difficult
to identify the fault of launching a new product. If any company wants to survive, it has to
differentiate with its product. If anybody failed to create any different with his or her product,
that product will go in the dust box. The product should have value than it is easy to create the
position in the customer mind. Because when the customer and the product understand their
relation the equity can built automatically.
Product logo:
Website: http://www.Smoothyjuice.com/
E-mail: Smoothy@unique-born.com
Contact No: 01712710359
Fax: 9152454623
2.
In the past 10 to 15 years, the juice consumption is increasing with the time. People are more
conscious about their health and nutrition, so the marketers meet the customers demand by
importing different kinds of juice from abroad. Now the domestic companies are getting very
interested to juice market. The domestic companies are launching different kinds and flavors of
juice in the market. Many new companies are making juice from the domestic produced fruits
like orange, mango, lichi, pineapple, strawberry, guava etc. Bangladesh is experiencing the
growth of economy at a constant rate. New business is coming in the market. The recent political
stability is working as a blessing for the entrepreneurs to start their dream project. This actually
gives us the green signal to start a business which is unique and which meets the current demand
of this fast-paced lifestyle.
2.1
MARKET DESCRIPTION:
If we consider the current market then we find that beverage industry has a significant growth
rate. Therefore, many companies are coming here. The annual beverage market size is close to
Tk 1,000 crore. The market started picking up from 2003. Demand for beverages remains high in
summer and that makes us think about reaching out to more customers. All market players target
the summer to boost sales, as this season stays for quite a long time here. Simultaneously, the
number of competitors is bigger than before, which prompts companies to spend more on ad.
Among top 10 ad spenders for beverage, eight are local companies. Beverage advertisements on
television have been increasing fast, with around Tk 25 crore spent in the May-October period
last year. Monthly ad spending in the sector rose to around Tk 5 crore in October from Tk 3.2
crore in May, with Pepsi being the country's largest spender on television ads. All beverage
brands increased their ad spending, especially on television. Extended hot weather is the driver
of growth in ad spending, as demand for drinks peaks at this time. New investment entering the
sector also increases marketing spending. Around 10 new brands have entered the market in the
last five years.
1) Geographic Segmentation:
A. Urban people
B. Rural people
We have selected urban area. All of we know that this type of people are huge number. If
we able to reach this target group, then we will be able to make more profit.
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2) Demographic Segmentation:
6-15 Ages
15-23 Ages
23-30 Ages
30-45 Ages
45-60 Ages
We have targeted Kids and young people. So, Age wise target customer are 6-15, 15-23,
23-30 years of age people. These groups are kids and young and they purchase
frequently.
3) Psychographic Segmentation: From the viewpoint of psychographic segmentation, we
have targeted economic-minded people. Bangladesh is developing country and maximum
numbers of people are middle class. So market size is big
product. In the juice market, there are many juice companies. In Bangladesh, the domestic
companies are PRAN, Starship, Frutika, Arong, Danish, ACME and the foreign companies are
Shezan, Tiffany, Cyprino, Alowba Dutch Lady, Foster clarks, Rasna etc. The domestic
companies are producing the juice with the domestic fruits combining different flavors like milk,
chocolate, mixed fruits. They differentiate their juices by considering uncommon fruits like
tamarind, guava etc. On the other hand, the foreign companies offer banana, tomato, carrot,
papaya, coconut juice that are very uncommon. The foreign companies are also considering the
different sizes, package systems for the consumer. These competitors have a problem of quality.
Though they offer different tastes product, they cannot maintain the quality always. Now we
consider Acme Juice, Pran Juice, Frooto Juice, Frutica Juice, Shezan Juice, Slice Juice our most
ranking competitor.
Market Share
Acme Juice
12%
Pran Juice
17%
Frooto Juice
28%
Frutica Juice
24%
Shezan Juice
7%
Slice Juice
8%
Others
5%
Communicate the differentiation and quality of our offering through personal interaction and
media our strategy assumes that we need to go into specialty channels to address our target
customer's needs. We position our products as the highest quality, highest incentive offering for
our own distribution channel. Our distribution channel is:
Manufacture
Distributors
Retailer
Final consumer
3 SWOT ANALYSIS:
The situation analysis presents the current business environment of the Unique-born (Pvt.)
Limited in which the company will operate. Unique-born (Pvt.) Limited enters into the juice
market offering mango and orange juice named as Smothy. The situation analysis provides the
SWOT (strength, weakness, opportunities & Threats) analysis, and discussion about the industry,
competitors, company and consumers.
Internal
Strength
Weakness
Factors
Management
Experienced
and
Marketing
Personnel
Finance
Manufacturing
State-of-the-art technology
R&D
Brand Image
Innovative
Product
Pricing:
Awareness
Availability
Juice
of
10
Enormous
Social
& Growing
Weakness
target
market Customers
number
may
of switch
customers
Competitive
Uniqueness
Growing
Number of Competitors
Technological
Economic
State-of-the-art
Lack
technology
support
Consumer
income
of
infrastructure
is
increasing
Legal
/ Approved
by
BSTI
and
Regulatory
ISO
Awareness
The main objective of Smoothy Juice that its responsibility to provided best quality which they
promised to their customers. Smoothy Juice successfully fulfills their promised. Smoothy Juice
main objective to provide quality products that satisfied the customer need and their requirement
so Smoothy Juice deliver the quality product.
Long relationships with customer
Smoothy Juice provided superior value to their customer who they promised throwing
advertising. So the customer are loyal the Smoothy Juice brand and build long-term
relationships. Communication objective Smoothy Juice use different sources to attract their
target customer. The objective of Smoothy Juice produces awareness in our customer about new
products and also produces awareness to new customer about Smoothy Juice. Smoothy Juice
also tells their customer that they provide pure juices to their customers. Smoothy Juice also give
the knowledge of their juices give you energy and good taste. Smoothy Juice also gives
message that their juices are good for your health.
5.1 Positioning:
Smothy is offering Orange and Mango juice at a reasonable prices, high quality and different
tastes for different age. These desirable characteristics will obtain a positioning in consumers
minds. We will highlight these products as the drink for health-conscious family. A positioning
can built on meaningful difference, supported by appropriate strategy and implementation can
help the company build competitive advantage.
At the Introduction stage, we want to launch our juice in three different sizes of our four Flavors
(Orange and Mango juice):
- Junior (100 ml)
- Classic (220 ml)
- Standard (500 ml)
Junior (100 ml): We want to associate Junior/mini-pack with children. We want to use a triangle
tetra pack for children. In future, we will introduce different attractive packaging for junior/ mini
size.
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Classic (220 ml) & Standard (500 ml: Classic Juice pack and Standard (500 ml will be
associated with young generation. We use one-time glass-pack for Classic Juice pack. For
Standard, (500 ml) size Tetra pack will be used.
After the Introduction stage, more product and Packaging variation will be offered. Then we will
launch family size pack of 1liter.
14
The cost of manufacture, the transport cost and the distribution cost is reasonable; the price
should not be more than any other juice in the market. But we tried to keep low price.
15
Product size
Price
Category
220 ml
25 Tk
Classic
500 ml
45 Tk
Standard
District Distributers
Business Customer
16
District Distributers
Wholesalers
Retailers
Consumer
We believe in contractual vertical marketing system (VMS), where we, our distributers, retailers
at different levels work together to obtain more economics or increase in sales.
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Purchase
Conviction
Preference
Liking
Knowledge
Awareness
Feb
June
July
Aug
Sep
Oct
Nov
Dec
Media
PR
30%
30%
30%
5%
10%
10%
5%
5%
10%
10%
10%
10%
TV
30%
30%
30%
30%
30%
30%
30%
30%
30%
30%
30%
30%
15%
15%
15%
40%
40%
40%
40%
40%
40%
40%
40%
40%
Radio
10%
10%
10%
15%
10%
10%
15%
15%
10%
10%
10%
10%
BTL
15%
15%
15%
10%
10%
10%
10%
10%
10%
10%
10%
10%
Total
ADD
Print
Media
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Publicity:
Publicity is the most important Promotion for the novelty product and new company. So We are
given extra intention to the publicity for our product. We will arrange some agents how will get
the responsibility to give the knowledge to the public individually. They will make a relation
with the public, and they pull the customer to buy the product. They will also announce in their
own area about the new product for customer knowledge. They will work for build the public
relation and the public knowledge. In most of the area the customer will convinced by the agent.
TV ads:
We will go for TV adds after the publicity, because now a days TV is belongs to every house in
this country, even in the rural area also. So by watching television people will know about this
product and they will feel the interest about this product. In the urban area, the people have the
consistency to watching the television and they watch the TV regularly. So from the TV they
will know this new product. The urban people have different necessity to watching television
based on their age. Those who are belongs to child they are usually watch the cartoons, and those
who are adult they will go for different purpose. So the add will take place according to the need
of the customer. The adds should take place in the middle or just before the channel news, then
the people who are middle aged they can watch the add and understand about the new product. If
the add is given middle of any serial or movie the female can get the message. And for the child
and the male the ad should give during any cricket game or within any cartoons. We will try to
give ad in major and popular TV channels in the country.
Radio ads:
Now FM radio is very popular to the young people. We will give ad and sponsor talk show,
music program at the radio. We will try to give ad all six FM radio stations in the country.
usual the foreign readers will also fell interest about it. We will try to give ad all popular Daily,
Weekly, Monthly newspaper and magazines the country.
When the brand is going to build its image and the brand equity, the secondary brand association
is play an important role. So it is very important to look after the secondary brand association. A
product can build secondary brand association with using the name of the own company, also by
using the name of the country where the product is produced. Sometimes the product can use a
spoke person to build the value of the product.
Event management:
As our product is new and we have to build the equity of our brand, we have to spend money for
the show up of our product. We will select different national, international, cultural days to event
management. By going event like, concert in some renowned place of all the cities of this
country, it can be helpful to create an image to the market.
Spoke person:
We also invite a spoke person as our brand ambassador, who will usually try to build our brand
awareness to the customer. The spoke person or the brand ambassador for Smothy juice are is
Sharmin Luky and Aiub Bachu. They will do this work for our brad for next two year.
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Others:
We want to promote both customers and retailers by promotional offerings. For customers we
will offer
Discount
In-pack coupon
Free sampling in different occasions and places
Campaign program at school, college, university campus
Quantity discount
Credit purchase
Incentives
Point-of-purchase Promotion
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Chief marketing
manager
Sales manager
Advertising
manager
Promotion
manager
Regional sales
officer
Advertising
analyst
Promotion
analyst
22
6 ACTION PROGRAM
6.1 Implementation Milestones:
The following milestones identify the key marketing programs. It is important to accomplish
each one on time, and on budget. Smoothy will carry out its marketing strategy and achieve its
objectives through a variety of scheduled programs. We will follow a five years planning to
achieve our profit margin. We will now analyze the year wise action programs as follows:
Smoothy juice will introduce on 1st January of next year. Following are summarizes of the action
programs we will use to achieve our objectives. These marketing program are divided
January to March:
A. In the first steps, we will develop our sales team according to the target customers.
B. We will give special incentive to intermediary.
C. We will give some sample to student at some different university campus.
D. We are going to massive promotional activities like Trade Promotion, Advertising, and
Discount etc.
E. We will sponsor the popular TV program on various channels to reach the mass people.
April to June:
A. Promotional activities are continuing.
B. We will arrange concert on university campus.
C. We will sponsor on TV program for teen age group.
July to September:
A. We will give some campaign on the usefulness of watermelon and coconut juice with
mango and orange juice.
B. Promotional activities are continuing.
October to December:
A. We will continue work according to marketing plan
B. We will review the plan is action or not.
C. According to the result of review plan, we will determine our next steps.
D. We will give merchandising plan for retail outlets.
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Sales Volume
Year 1 (2015)
20,00,000 Liters
Year 2 (2016)
30,00,000 Liters
Year 3 (2017)
35,00,000 Liters
Year 4 (2018)
40,00,000 Liters
Year 5 (2019)
43,00,000 Liters
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Sales Volume
Year 1 (2014)
20,00,000 Liters
Year 2 (2015)
30,00,000 Liters
Year 3 (2016)
35,00,000 Liters
Year 4 (2017)
40,00,000 Liters
Year 5 (2018)
43,00,000 Liters
25
2016
Amount(tk)
No.
Tk
20000
15
300000
Bill board
TV add
150000
TV add
200000
Telecast
400000
Telecast
400000
News paper
200000
News paper
200000
300000
Bus coloring
Packaging
450000
Packaging
500000
350000
450000
Radio
100000
Radio
100000
Spoke person
200000
Spoke Person
200000
Bill board
Bus coloring
12000
25
Total
Amount(tk)
No.
Tk
20000
20
400000
12000
25
2450000
300000
Total
2750000
Amount(tk)
No.
Tk
20000
25
500000
2017
2018
Amount(tk)
No.
Tk
20000
25
400000
Bill board
TV add
200000
TV add
250000
Telecast
400000
Telecast
400000
News paper
200000
News paper
250000
300000
Bus coloring
Packaging
500000
Packaging
550000
550000
650000
Radio
100000
Radio
150000
Spoke Person
200000
Spoke Person
250000
Bill board
Bus coloring
12000
25
Total
2850000
12000
30
Total
360000
3360000
2019
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Amount(tk)
Bill board
No.
20000
28
Tk
560000
TV add
280000
Telecast
400000
News paper
250000
Bus coloring
12000
30
360000
Packaging
550000
700000
Radio
150000
Spoke Person
250000
Total
3500000
6.4 Controls
We believe in best quality. In producing our product, we maintain quality as well as quantity. For
control the products quality we will import best quality equipment from abroad. We also
make ensure standardization our product from our expert researcher. Our whole production
process are mainly base on computer is done by a very systematic process. We produce our
product, which has no harmful chemical, thats why, these products have no side effect and ever
y one in every age can use our entire product frequently
Urban areas and district headquarters will treat as the current Market and the product will offer in
half prices in front of schools, amusement parks, stadiums, concerts and in the social get-together
places to gain the attention. By the end of year two, the melon juice business will expanded to
the rural areas.
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7. REFERENCES:
1.
2.
3.
Beverage-Market-in-Bangladesh http://www.scribd.com/doc/28271798/,
April 23, 2011
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