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SUPERIOR UNIVERSITY
Project of Marketing Plan for New Product Launch
Presented to:
Presented by:
Usman Ali Manzoor Abubakar Sadeeq Mohsin Abbas M.Arslan kyani Saima Rafiq Masih
Company name:
Company logo:
Product name:
PEP UP JUICE
Product logo:
Part: 1 Executive Summery Part: 2 Purposes and Mission Part: 3 Situational Analyses
Product Market Analysis Distribution Analysis Competitor Analysis Financial Analysis Other Analysis
Executive Summery
The report explain the marketing plan for launching a fresh juice named Pep up This product has been made by the K.MANIA (PVT) Limited Company is improved from the ministry of health. In the beginning of the report we have explained the mission and vision of the K.MANIA (PVT) Limited Company. And then we have future carried out our. It will be introduce in the market with the help of various promotional display advertisements and distribution of fee samples to the general public and financial institution This report examine that this product is initially launching in Lahores domestic market the study included both primary and secondary research. The primary study focused on a survey of the competitors and the liking and disliking of the people. Through this strategy company can penetrate more into the market and can attract the bulk customers For the purpose we have contracted SWOT analysis of the company to see companys strength, weakness opportunities and threats. Then we have explained the purpose benefits and objectives of the product. 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 Punjab specially canteen of 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.
Vision
Be the global leader in customer value
Mission
To set world class standard in juice industry through providing a diverse range
of high quality products that are prepared in according with Islamic principals serving to satisfy customers tasting and need and serving the society
Introduction To Pep up
People started too perished under the scorching the heat of summer in our country they need of energy drink to refresh themselves Pep up is a fresh juice product. It provide energy and keep fresh when feel weak and tired after doing lot of work in whole day. It contains vitamin and proteins which is useful energy sources. Vitamins gives freshness and proteins are the energy cells that are recharge the human body so they work at their maximum. The students employee and workers all field of humans become tired due to the work burden and sunlight which make them feel lose. They need an energy drink that make them energize so they may be able to perform better again and feel fresh.
Slogan
Refreshing world
Ingredients are:
Mango apple pine apple banana grapes mix Artificial colors Stabilizers Ascorbic acid Beta carotene Sugar
Objectives
To increase market shares To increase the length of product line To increase profit
Market segmentations
The consumer of Pep up consists of the followings:
Geographic:
A zone (Gull berg, MM Alam road, Defense) B zone (Garden town, Model town, Wahdat road ) C zone (Moon market, Multan road, Allama Iqbal town) D zone (Upper mall, Railway station, Dharma Pura
Demographic:
Our competitors
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The Pep up is currently facing very competitive environment. Because already in market following compotators are:
Product review
The PEP UP is available in 250ml size and in different flavors
COMPETITIVE REVIEW
PEP UP Competitors
The competitors of PEP UP are more than ten. Shezan and nestle are leading market right now and other companies are also have a great image in market. Shezan and nestle have loyal customer in all over the Pakistan because both are from so many years in market. Our aim to compete our all competitors in short period of tome
Competitors Qualities
Good distributions channel So many flavors Standard and attractive packing Large production and market coverage Availability in various weights packing
Price Minimum price of juice is 15 R.s Place Shezan has a large market share in Pakistan Sales Sales 2009 (Year ending Jan 2010) Promotion They promote this product through a. b. c. d. Electric media Print media FM radio Wall chalking 2728709000
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Product
Nestle beverages is product by nestle international
Qualities of nestle
a. large promotion and market coverage b. large range of flavors c. high availability
Place
, Nestle has a large market share in Pakistan
Change vs. June 2008 CHF Millions Sales Reported JanJune 2009 52267 48313 Organi c growth +3.5% +3.4% Reported Constant currencies -1.5% -2.0% +2.8% +2.7%
Group Food & beverages EBIT Margin Group 14.1% Food & 12.4% beverages Earning per share Underlying CHF 1.46
_ _
+3.5%
+8.5%
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All calculations based on non-rounded figures
Strategy
Creating share value global forum Good pricing Better quality By offering different flavors Intensive distribution Attractive packaging
Weakness
New in juice industry Small distribution network Strong competitors No market share Limited experience of customers
Opportunities
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Increase the distribution network Acquiring the new technology Market is very big and attractive Take over the distributor Increase demand of high quality of product due to Lahore being a develop city
Threats
Political instability New entrance of exiting competitors So many competitors Retaining consumers Economic instability Increase of general sales tax Development of plant
1. Positioning strategies
We want to put our image an on in the consumers mind as compare to competitors product. We want to target the high school collage and graduate students and government sector that have to work hard and need to Refresh them an instant,
2. Segmentation We made the market segmentation on following basses Geographic Demographic Psychographic
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Behavioral
Geographic segmentation
Behavioral segmentation Occasions Benefits User status Usage rate Loyalty status Readiness stage Attitude towards the product
3. Targeting
We will target the following customers
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Marketing Mix
1. Product strategy
Develop the long term relationship with customers Give values to the customers to delighting them Do whatever it task not satisfy the customers but retain our customers In order to accomplish this objective, the company has established sales, marketing and support teams.
15
Quality
High quality assurance would be our first priority. This would be ensured by Implementing high quality standards Total quality management Acquisition of high quality raw materials
Design
Pep up is the sweet, Pep up juice with an eye catching tetra pack
Features
Here are some features of our product
Fresh original fruit juice Provide proteins and minerals Provide vitamins Beneficial for kidney Excellent in taste Gives freshness Tetra pack protection packing
Quality
High quality assurance would be our first priority-high performance would be:
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Packaging
Product units are packed in 6-layered Tetra Brick Aseptic.
Size
Our product is available in 250 ml pack.
3. Pricing Plan
Our price includes custom services and other expenses. Passage through its life cycle changes its price strategy. To attain large market share prices should be at moderate level to seek attraction of large number of consumer
According to our above pricing plan we have decided to offer the product to customers at Rs.14.The price is very much competitive and offer is feasible enough to catch a large percentage of market shares.
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LOW
PRESENTATION
PRODUCT DEVELOPMENT
PRICE
HIGH
MARKET
DEVELOPMENT
LOW
DIVERSIFICATION
HIGH
QUALITY:
According to the above grid we are offering high quality with low rate.
4.Communication plan:
Promotion:
Actually 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.
20 i m e 1AJJ NEWES m i n 1 7 5 0 0 0 P r i m e t i m e & E a r l y d a y SAMAA Early day & Prime time NEWSEarly day & Prime time TOTAL 1 min 280000
2090000
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PRINT MEDIA:
PAGR
SIZE
DAILY BASIS
WEEKLY BASIS
CHARGES
MID
COLORED
JANG
DIN FRONT COLORED
DAILY
5000
DAILY
15000
BACK
COLORED
DAILY
17500
BACK
COLORED
DAILY
15000
BACK
COLORED
WEEKLY
600000
TOTAL
683000
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BILLBOURDS:
SIZE
DURATION
TOTAL COST
23 2 0 6 0 1FEROZPUR ROAD M O N T H 7 0 0 0 0 2 0 6 0 1IQBAL TOWN M O N T H 1 1 5 0 0 0 2 0 6 0 GULBERG2060 TOTAL 2060 1 MONTH 150000 265000
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HOARDINGS:
SIZE
DURATION
TOTAL COST
CABLE NETWORK: CLOCATION O S T GULBERGTIME MULTAN ROAD Scheme Mor 2Wapda Town 0 0 0 0 6:00pm to 10:00pm 30000 10000 25000
26 Total 85000
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BENEFITS:
Following are the additional benefits which are offering to the customers to give them values:
Give five rappers and get one juice pack Purchase ten pack & get one free juice If you purchase one crate of juice then you would able to participate in lucky draw for following:
PLACE:
Distribution reviews
To assure the availability of its product * PEP UP * juice has established affective dealer network
Manufacturer
DISTRIBUTOR
RETAILER
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CONSUMER
The end consumer would then purchase fresh from the retailer. The distributors are the most reliable distributor in the region.
BUDGETING:
A m o u n t 1De scrip tion 2 3 4 5 6 7 8 9 Cost of land S. No
25000000
Raw material Stationary Office expenses Furniture Staff salaries Freight inward charges Repair & maintenance Research & development
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10 11 3 8 6 4 8 6 3 0 TOTAL
1000000 6648630
CONTROL:
This is the main and last element of the marketing planning by using this we can check the standard of our product for the purpose of correcting any error if occurs There are three main functions are performed under this element of planning:
Measuring
We can check marketing condition through meaning in which different type of task may be performed like
Surveys
Comparing:
In controlling process we compare our product with our standards
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Correcting
If any problem occurs then correcting process will take place in witch we found that from where the problem will arises.
1. Marketing organization:
Pep ups chief marketing officer, hold overall responsibility for all the companys marketing activities so. There are other subordinates with him to help the sales campaigns, trade and consumer sales promotion, and public relation efforts.
2. Action programs:
The PEP UP will be introduced in May .following are summaries of the programs we will use during this summer session to achieve our stated objectives. May we will initiate 80,00,000 rupees trade sales promotion campaign to educate dealers and generate excitement for the product launch , and provide sample crates to our selected product reviewers, opinion leader and celebrities as part of our public relation strategy. June we will start with integrate print /television campaign. The campaign will show how many features the Pep up have for users to reenergize them. July as the juice advertisement continues, we will add consumer sales promotion by including them to our message. We will also support or retailer to increase our sales. August we plan to roll out a new advertisement having new views of customer through survey who have used our drink which ill help to promote our juice.
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Reference:
SPECILY THANKS NAEEM MANSOR FROM MARKETING DEPARTMENT EMAIL: NAEEM MANSOR@YMAIL.COM A.R.AWAN (MARKETING MANAGER) AL-QARNI GROUP OF COMPANIES EMAIL: aftstar@alqarnigroup.com
Bibliography:
www.mickinsey .com www.wikipedia.com www.Nestle.com www.angrofood .com www.shezan.com www.marketing.com
Please give me or guide me with your comments Usman Ali Manzoor usman2riz@hotmail.com contact no: +923224247815
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