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The world of retail is flooded with hundreds of companies, but few have yet to be
noticed like SPLASH GARMENTS. Pakistani pople have much craze about fashions like of
cultural, occasional, brand conscious etc. for these people many fashion industries came into
being to make their costomers fashionate. Those included splash garments industry, founded
in 2015. Like a handful of other companies in pakistan, such as gul ahmed, sitara, Armani
splash, along with many other clothing companies, has been hurt by the recent
preference among young men for clothing like t-shirts and shirts with all type of design cutting
jeans, trousers and costom shirts. Before our industry their was a company named :Generra
Sports Wear Buyers said that although generra initially did well with Hypercolor - rainbowhued, heat-sensitive T-shirts and jeans - that was the only thing that was selling well in those
years. But the company came on fall and those colour changing cloths fashion came to end.
After several years we as Splash garments renewed that fashion and made with a marvelous
quality so that to gain attention of people.
COMPANY DISCRIPTION:
Splash garments wear company made several products based on hyper colour technology like
jeans, shirts of all kind, watches etc. From these products hypercolour shirts captured a lot of
markets attention due to technology used in it which surprised seeing it. As fashion updated day
by day more products were introduced which were quite appreciatable . Those color changing
shirts are from the 1980s. Now they have different versions of that by HYPERCOLOUR. The
Hypercolor shirts are available in a range of colors which change their hue at 31 degrees Celsius.
Let's be clear that these products are not luxury products. The other thing is that the company
doesn't at all anticipate their product appealing to people who like and know about our product.
Hypercolor shirts, the color changes when the temperature changes, only in the area(print on
shirt) where it changes, and then changes back when the temperature goes back.
EXECUTIVE SUMMARY:
The report explains the marketing plan for launching these products named
HYPER COLOUR SHIRTS.
For The Purpose We Have Explained The Marketing Ethics And Social Responsibilities. Then
We Have Contracted CRM Activity Of The Company To See Companys Market, Value and
Events. This Report Examine That This Product Is Initially Launching In Karachis Domestic
Market The Study Included Both Micro And Macro Environment. The Micro Environment Study
Focused On The Company, The Suppliers, The Marketing Intermediaries, The Customer
Markets, The Various Groups Of Public And The Competitors. The Macro Environment Study
Focused on the Demographics, Social and Cultural Forces, competition, family etc. It will be
introduce in the market with the help of various promotional display advertisements and
distribution of free samples to the general public and financial institution. Then we have made a
marketing mix strategy for our product. We have divided market into different segment and
decided to target customers of all ages. We have also paid special attention to packaging color
and price of the product. We have decided to place the product in all the markets of Karachi
specially college and universities. We will promote our product through various means of
advertisement.
We shall also conduct market survey in near future to know the opinion of the public
about our product and developed our product accordingly.
Workers, especially those involved in the production process, are provided with specially
designed clothing/suits.
By treating employees fairly and ethically, companies can also demonstrate their
corporate social responsibility.
Marketing:
Outlet:
Outlets are very common in Pakistan and since this is a trend in the market so our
company used this way to reach to its customers.
Free Samplings:
To promote and let the people who have not yet tested the product companies use the
technique called free sampling. And have done free sampling to make sure that people are aware
of the product and also to get the feedback out of the customers to make sure if there are any lags
in the product.
Mission/vision statement:
Colours magic will always make you smile :)
Company mission and purpose:
Our mission is to to provide our customers with the best service, product quality
and designs for that we have built the industry's largest design team that have extra ordinary
capabilities and have unique and creative minds. Our company brand offers customers more high
quality clothing. Additionally, our companys machinery and workers are enable to produce over
10,000 decorated garments a day.
Organization structure:
CEO/PRESIDEN
T
material handeling
administration
sales
research
communications
quality control
market
research
service process
development
customers
service
information
management
product development
enfourcement
first field is of the CEO OR PRESIDENT all the work/task assigning and all part of the
industry comes under this designation.
Then comes the managers under the main president. These managers are divided with
particular fields like :
Product mix:
Product
Price
Place
Promotion
Product:
Hypercolour clothing is introduced first time in Pakistan which is produced by our
Industry.
Product strategy:
In order to accomplish this objective, the company has established sales, marketing and support
teams.
Product variety:
Our product would be available in following variety:
T-shirts and shirts with printed/pressed designs and in different variety designs
In-future products
Jeans
Trousers
Watch
cosmetics
Quality:
High quality purchase would be our first priority. This would be ensured by
Logo:
Packaging:
Product units are packed in thick plastic bag having one side transparent showing
the shirts inside the bag so that customers have no problem while selecting the product.
The other side of the bag will have the page which will be showing the details of that
perticular product with a celebrity wearing our product (because people mostly attracts by
the celebrities which are their favorites and that paper will contain serial number, size,
brand logo, contacts and feedback details.
Size:
Our product is available in all sizes ie.
Kids(k)
Small(s)
Medium(m)
Large (l)
Extra large(xl)
Price:
As an innovative product we have bit high price compare to others for taking
advantage of innovation and technology.
Pricing in Pakistan Rupees:
According to our above pricing plan we have decided to offer the product to customers at Rs.-/999.The
price is very much compatible and offer is substantial enough to grab a large percentage of market shares.
Pricing strategy:
Our pricing strategies for the product are for total cost, which include custom service
and other expenses. The price should be set at moderate level in order to attract a large
number of buyers and to gain large market share.
Promotion:
As we are in the introductory phase our objective is to create brand awareness through
informative advertising.
Use of Print media, Radio advertisement, hoardings in major public spot, sample
distribution at mall and TV commercial
Promotion strategy:
Actually the promotion is the first step when we are launching a product. But we
make its strategy in last because we want our good image in the mind of our customers.
So that they will buy only our products and be loyal to our product.
Criteria for promotion:
Our main objective to provide
Awareness
Knowledge
Liking
Preference
Purchasing
Benefits:
Following are the additional
benefits which are offering to the
customers to give them values:
If you purchase more than 10 then you would able to participate in lucky draw for
following:
Samsung galaxy
LCD
Rs.50000
Electronic media
Print media
Cable network
Billboards
Place:
Expanding its reach in the
clothing service industry by
securing placements by
making outlets for customers
which will be mostly in
shopping malls . except this
we will be making stalls in
every market to attract
customers by its colours and
technology specially in or near by schools, collages and universities. We will also be providing
our toll free number for any orders dilivary.
Perception
Gender
Motivation
Age
Attitude
Education
Marital
Status
Life style
MICRO ENVIRNOMENT:
It includes those components which can be control or manipulate from the inside of an
organization.
Some of the components are affected on the internal environment means micro environment of
the company which is discuss below:
The Company:
The company refers to the internal environment. It includes top managements, finance, R&D,
operations, accounting, and purchasing departments. Each of these departments plays a very important
role in making the marketing strategies and decisions..
Suppliers:
Suppliers are the persons who provide the raw materials to the companies to produce the finished
goods. The suppliers of the company play a very important role in the micro environment because the
even slightly delay or change in receiving the raw material to the suppliers can be the result in customers
dissatisfaction.
Marketing Intermediaries:
Marketing intermediaries are the persons, who help the company to promote, sell and distributes
its products and services to its end users or final consumers. Marketing intermediaries refers to the
physical distributed firms, resellers, financial intermediaries and the marketing services agencies. The
resellers are the persons who grasp and sell the firms products and services.
Competitors:
It includes the organizations homogeneous commodities for the goods and services. To remain in
the competitive firms should examine that who is the biggest and healthy competitors in the market and
are while considering its position and own size in the co-operate world.
Customers:
There are the various kinds of the customers market. It includes business markets, resellers
markets, consumer markets, government markets etc. The consumers market is made up of the
individuals who can buy products and services for their personal use or the use of their households. The
business markets are those types of markets in which person can buy products and services for the use in
the producing for their own goods to sell in the market. Resellers markets include business transactions
that purchase the goods and services for the profit. Government markets are those types of markets that
the government agencies to buy goods and services to manufacture the public services or to transfers the
products who want that goods.
MACRO ENVIRONMENT:
Demographics:
Age:
Briefly, we can say that our product is popular among every age group. This is
because of latest fashion now a days.
Gender:
Or product is popular among men and women both of them enjoy it.
Location of residence:
Hypercolour shirt is not available everywhere right now. It has been first
introduced in Karachi where education and awareness level is relatively high and people
willingly go for the latest fashion with new innovation and high quality fabrics.
Competition:
Since it has been first introduced in Karachi and there are many companies which are
producing garments/clothing but our product will fetch the good market as this is a new concept
for our country and we have only vendors as competitors but packaging of product is our plus
point.
Social and Cultural Forces:
First of all, we have to define what society is. Society is all about people in general, living in
communities. Then we have to know what culture is. Culture is basically the customs, beliefs,
way of life, and social organization of a particular country or group. Now we have to see how
and in what ways the cultural and social forces affect the marketing.
Psychographic:
The basis of such segmentation is lifestyle of individuals. The individuals attitude,
interest, value help the marketers to classify them into small groups. Hypercolour clothes
provides people to buy it for many activities and occasions such as parties, picnic, sports wear,
custom cloths and other events. Consumer adopts the trend of changing lifestyle because of
modern facility as well as globalization.
Believe & Perception:
Quality of work life is very safer & environmental friendly which makes a great image &
perception towards people
Promotion Strategy:
Actually the promotion is the first step when we are launching a product. But we
make its strategy in last because we want our good image in the mind of our customers.
So that they will buy only our products and be loyal to our product.
Criteria for promotion:
Our main objective to provide
Awareness
Knowledge
Liking
Preference
Purchasing
Benefits:
Following are the additional benefits which are offering to the customers to give them
values:
If you purchase more than 10 then you would able to participate in lucky draw for following:
Samsung galaxy
LCD
Rs.50000
wholesalers (trade promotions) and members of the sales force (sales force promotions). Here are
some typical sales promotion activities:
Consumer promotions
Conference presentations
Newsletters
Event sponsorship
Trade promotions
Competitions
Corporate entertainment
Bonus stock
Sales Force Promotions
Commissions
Positioning:
Situation:
The market has enough brands in clothing field but the technology, features and fabric used is
something unique which was introduced first time and none of the compititors has brought this thing yet.
Objective:
The objective is our vision is that to make this product worldwide and market this as for all
generation with unique fashion.
Strategy:
Our strategy is to target the young generation by offering our product and we will also targeting
other people like means the office people, workers,the custom shirts for other brands and also the brand
conscious and fashion lovers to attract towards our product.
Actions:
The action we took is that we 1st advertise our product and take feedback about it. By this we
exactly know that our product is beneficial for population or not.
Advertising:
advertising uses mass media as a medium to promote brands and reach out to target
consumers. This advertising is usually aimed towards a large number of audiences and is much
more effective, when the target group is very large and difficult to define. This technique majorly
employs TV and radio advertising, print advertising and internet banner ads. Assuring of the
widest reach ATL advertising is often the most preferred form - the reason why media agencies
fiercely compete for prime time spots in T.V, Radio and appropriate page and size in print or
web.
However, changing customer preferences and choices started taking about promotions,
which became more than often a customary and too-conventional form of advertising. To reach
consumers directly through alternative forms of marketing other than traditional advertising
channels used an unconventional and direct form of marketing communication. These include
activities such as distribution of pamphlets, handbills, stickers, promotions, brochures placed at
point of sale, on the roads through banners and placards.
we do want our cities wall are clean thats why we take the wall chucking decision and we
provide the paints and other martial for wall chucking to the fine arts students of different
universities and this activity also come in our CSR program..
Control:
Product is controlled by our sales man who distributes and takes feedback online from them. And
we start our stalls and campaign to advertise and make awareness about it.
Pricing strategies:
We have kept
Market-penetration price
It is in which we set a low initial price in order to penetrate the market quickly and deeply to
attract a large number of buyers quickly to gain market share.
Good-value pricing
It is in which we offer the right combination of quality and good service to fair price. Existing
brands are being redesigned to offer more quality for a given price or the same quality for less
price.
Discounts are given when costumers buy product in bulk quantity reduces prices to
reward customer
Bulk quantity buyers that buy our product to sell it will be given the special discount rates
so that to make profits.
Good-value pricing offers the right combination of quality and good service to fair price
Existing brands are being redesigned to offer more quality for a given price or the same
quality for less price
Tactics:
Product:
Our product is with different varieties in different packing . (different sizes in different packging)
Price:
Our price is competitive with the price of other brands which are available in the market.
Places:
Being a clothing product and cheap in price it will available everywhere (Niche Marketing).
Promotion:
To promote our productwe are having commercial ads and we have different campaigns in
schools, colleges and universities because students are our main target market segmentation
Details:
then to different markets in city and also diliver direct to consumer through online
shopping.
SWOT ANALYSIS
Strength:
great impact on costumers due to latest most fashioned and well designed outlets.
Weaknesses:
Opportunities:
Online market
Innovation
New services/products
The main opportunity will be that if our products will give us good response we will be
opening more outlets, branches so that the costomer could easily visit.
Threats:
Change in tastes
Political/economic risks
Substitute products
Compititors analysis
Product
Male, Female
Price
Distribution
Mass-tige
Mass-tige
Exclusive Distribution:
Selective Distribution:
4 Departmental Stores,
promotion
Website
Website
Window display
Print advertisement
celebrity endorsement)
Consistent black and white
theme
Splash garments
The world of retail is flooded with hundreds of companies, but few have yet to be
noticed like SPLASH GARMENTS. Pakistani pople have much craze about fashions like of
cultural, occasional, brand conscious etc. for these people many fashion industries came into
being to make their costomers fashionate. Those included splash garments industry, founded
in 2015. Like a handful of other companies in pakistan, such as gul ahmed, sitara, Armani
splash, along with many other clothing companies, has been hurt by the recent
preference among young men for clothing like t-shirts and shirts with all type of design cutting
jeans, trousers and costom shirts. Before our industry their was a company named :Generra
Sports Wear Buyers said that although generra initially did well with Hypercolor - rainbowhued, heat-sensitive T-shirts and jeans - that was the only thing that was selling well in those
years. But the company came on fall and those colour changing cloths fashion came to end.
After several years we as Splash garments renewed that fashion and made with a marvelous
quality so that to gain attention of people.
COMPANY DISCRIPTION:
Splash garments wear company made several products based on hyper colour technology like
jeans, shirts of all kind, watches etc. From these products hypercolour shirts captured a lot of
markets attention due to technology used in it which surprised seeing it. As fashion updated day
by day more products were introduced which were quite appreciatable . Those color changing
shirts are from the 1980s. Now they have different versions of that by HYPERCOLOUR. The
Hypercolor shirts are available in a range of colors which change their hue at 31 degrees Celsius.
Let's be clear that these products are not luxury products. The other thing is that the company
doesn't at all anticipate their product appealing to people who like and know about our product.
Hypercolor shirts, the color changes when the temperature changes, only in the area(print on
shirt) where it changes, and then changes back when the temperature goes back.
EXECUTIVE SUMMARY:
The report explains the marketing plan for launching these products named
HYPER COLOUR SHIRTS.
For The Purpose We Have Explained The Marketing Ethics And Social Responsibilities. Then
We Have Contracted CRM Activity Of The Company To See Companys Market, Value and
Events. This Report Examine That This Product Is Initially Launching In Karachis Domestic
Market The Study Included Both Micro And Macro Environment. The Micro Environment Study
Focused On The Company, The Suppliers, The Marketing Intermediaries, The Customer
Markets, The Various Groups Of Public And The Competitors. The Macro Environment Study
Focused on the Demographics, Social and Cultural Forces, competition, family etc. It will be
introduce in the market with the help of various promotional display advertisements and
distribution of free samples to the general public and financial institution. Then we have made a
marketing mix strategy for our product. We have divided market into different segment and
decided to target customers of all ages. We have also paid special attention to packaging color
and price of the product. We have decided to place the product in all the markets of Karachi
specially college and universities. We will promote our product through various means of
advertisement.
We shall also conduct market survey in near future to know the opinion of the public
about our product and developed our product accordingly.
Workers, especially those involved in the production process, are provided with specially
designed clothing/suits.
By treating employees fairly and ethically, companies can also demonstrate their
corporate social responsibility.