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Submitted To:
MR. Mohammad Ali
Submitted By: Arslan Ahmed 10375
SUPERIOR UNIVERSITY
INTRODUCTION
Star soap co. had been established in 2010 in Lahore by Mr. Arslan
Ahmed In the year of 2010 in the month of January, he felt a great need
forgetter infrastructure of white soap for whiteness purpose boom in his
country. So he decided to launch Star SOAP.
EXECUTIVE SUMMARY
The following marketing plan forms the basis for the introduction of an
innovative new product by the SIX-STAR Company. The analysis allows us
to outline the best strategies to follow for achievement of the company’s
strategic goals. “STAR WHITENING SOAP” for Men will be marketed as a
unique functional whitening soap for men while striving to reinforce the
company’s status as the leader in innovation and successful product
launches. The marketing strategies will enable to reach a market size of
an estimated 332,603 people (targeted) with a forecasted sales growth
prospect 8.3% over the next 4 years (Rs. 1995618 profits), while
satisfying the needs of the still-unserved market shares within this
market, while strategically carrying the company up to the top spot as
the market leader in the functional whitening soaps segment of soaps.
COMPANY’S MISSION
“We are here to provide complete satisfaction to Men which are sensitive
to their skin color and want to improve their skin color”.
COMPANY OBJECTIVES
Make the soap beautiful! This stuff makes GREAT gifts! People love it!
PRICING:
= 43.45
Distribution = Rs.8.3
Promotion = Rs.7.0
Advertisement =Rs.11.15
Tips:
• For a tie dye effect, don't add dye until after you have poured white
soap into the molds. Add random drops of dye into white soap in mold
and swirl with a coffee stick or toothpick.
MARKET SEGMENTATION
○ BENEFIT SOUGHT
○ USER STATUS
We will discuss four bases for segmenting consumer markets that are
used separately or in combination
○ GEOGRAPHIC
○ DEMOGRAPHIC
○ PSYCHOGRAPHIC
GEOGRAPHC
World North America, Western Europe, Middle East, Pacific Rim,
region or China, India, Canada, Mexico
County
Country Pacific, Mountain, West North Central, Wet South Central, East
region North Central, East South Central, South Atlantic, Middle
Atlantic, New England.
City or Under 5,000; 5,00 – 20,000; 20,000 – 50,000 – 100,000;
metro 100,000 – 250,000; 250,000 – 500,000;
Size 500,000 – 1,000,000; 1,000,000 – 4,000,000; 4,000,000 or
over
Density Urban, suburban, rural
Climate Northern, Southern
DEMOGRAPHIC
Age 15-19, 20-34, 35-49, 50-64, 65+
Gender Male
Family 1-2, 3-4, 5+
size
✔ INCOME SEGMENTATION
○ Dividing a market into different income groups
CUSTOMER TYPE
Customer Types includes the following:
○ INDUSTRY
○ SIZE
○ ORGANIZATIONAL STRUCTURE
○ PURCHASE CRITERIA
○ UNDIFFERENTIATED MARKETING
○ DIFFERENTIATED MARKETING
○ CONCENTRATED MARKETING
A. Undifferentiated Market
Company Marketing
Mix 1
Segment 1
Company Marketing Segment 2
Mix 2
Company Marketing Segment 3
Mix 3
B. Differentiated Market
Company Segment 1
Marketing
Segment 2
Mix
Segment 3
C. Concentrated Market
Company Market
Marketing
Mix
LABELING
A label is the part of a product that carries information about the product
and the seller. A label may be part of a package, or it may be a tag
attached to the producer. Obviously there is a close relationship among
labeling, packaging, and branding.
PRICE
Price is the amount of money and other items with utility needed to
acquire a product. Recall that utility is an attribute with the potential to
satisfy wants.
CHANNEL OF DISTRIBUTION
“A distribution channel consists of the set of people and firms involved in
the transfer of title to a product as the product moves from producer to
ultimate consumer or user.”
Basic principles of relationship between dealer and
caterpillar
○ DEALER PROFITABILITY
○ EXTRAORDINARY DEALER SUPPORT
○ COMMUNICATION
○ DEALER PERFORMANCE
○ PERSONAL RELATIONSHIPS
○ PERSONAL SELLING
○ ADVERTISING
○ SALES PROMOTION
○ PUBLIC RELATIONS
○ ATTENTION
○ INTEREST
○ DESIRE
○ ACTION
“CUSTOMERS COME TO
THE SALES PEOPLE
SALES FORCE GOES TO
THE CUSTOMERS”
✔ INSIDE SELLING:
○ ACROSS-THE-COUNTER
○ PHONE-IN ORDERS
○ PRIMARILY
○ IN-PERSON
○ SALES CALLS
○ CONTACT BY MAIL
○ TELEMARKETING
✔ The tasks that take up the bulk of sales executives’ time include:
○ MOTIVATION
○ COMPENSATION
○ SUPERVISION
○ PERFORMANCE EVALUATION
EFFECTIVENESS OF PUBLICITY
The theory any press is good press has been coined to describe situations
where bad behavior by people involved with an organization or brand has
actually resulted in positive results, due to the fame and press coverage
accrued by such events.
One example would be the Australian Tourism Board's "So where the
Bloody Hell is you?" Advertising Campaign that was initially banned in the
UK, but the amount of publicity this generated resulted in the official
website for the campaign being swamped with requests to see the
banned ads
○ Lower cost
○ Increased attention
○ More information
○ Timeliness
○ Publicity has limitations:
○ Loss of control over the message
○ Limited exposure
○ Publicity is not free