Академический Документы
Профессиональный Документы
Культура Документы
According to September 2019 stats, U.S has the highest • This shows there is a potential increase in the market & VH
consumption in the world in the sauces & condiments sauces should aggressively promote their sauces to make
category.
utmost use of it.
North American market for sauces is estimated to grow by CAGR 4.6% in the
next two years, VH sauces should take utmost advantage of this potential
growth & lead for vigorous digital marketing strategies.
policies of social distancing, sales of VH sauces are constantly deliver unexpectedly delicious cooking results.
on low volumes.
Encouraging amateur cooks to try home-style
Conagra Brands Inc. announced a decline in total sales of
Asian food with ease & convenience.
-6.13 percent in the initial 2020 quarter, which has affected
Increase the spontaneous brand awareness for VH Foodies; who want to try new cuisines, recipes and flavors.
Sauces by 25% by Dec 2021.
People who don’t have much time to cook, or don’t know how to cook.
Increase in total value of shares traded, i.e. dollar
volume, by 10% by the end of the year 2021.
Also, there is a very niche category of audience; people who wants to cook fast and doesn’t
To increase market share by 5% by the end of the want to spend much time on cooking, but still wants a good taste in their food.
year Dec 2021.
Insights
Audience Base For Canadians, good
taste and flavor is
Roundly, about 6 million families with kids in the important in their food.
geographical region of Canada.
Majority of Canadians
65% consumers who are open to trying think cooking is a time-
ethnically inspired cooking, in Canada. consuming task.
Goal:
Increases the recurring traffic and clients while engaging customers
with the brand.
Execution Tactic :
o Creating Google ads (ad words) which includes related keywords.
For example :
Search for “Simple tasty recipes to cook for kids at home” in search
results.
CTR :
Market Research share shows that Google owns nearly 76% of the
search engine market which will become a great benefit and target
advertisements for VH sauces.
Keywords searches can integrate words and phrases that people use in search
engine with the ultimate goal of optimizing content.
VH Sauces
Homemade
Recipes
Dinner Ideas
Region:
As the major focus group are the people
who are residing in Quebec, Ontario and
other regions we should use translation
of words even in French along with Budget: SEM Marketing involves lesser cost.
English. It is about $ 3600.
SOCIAL MEDIA MARKETING
With the help of Social Media Platforms like , Instagram , Twitter and Facebook , VH sauces will be
able to acquire more customers without spending any more money on marketing and will be one of
the most easiest and convenient ways to market their products.
WHEN WE TAKE SOCIAL MEDIA INTO CONSIDERATION , THE TACTIC CAN BE DIVIDED UNDER TWO SUB TOPICS
BEING
Influencer Marketing
Celebrities and professional bloggers bring
the most volume and engagement when
marketing a product.
This type of marketing builds trust and
enriches brand strategy.
Customers loyalty and trust increases rapidly.
Adds value and reached target audience.
Famous Food
bloggers and chefs
in the Ontario
region to build
network and add
credibility to the
product while
targeting
customers.
Collaboration with well renowned companies like Hello Fresh and Amazon will add value to the
product as well the company which will increase sales and profitability.
Collaboration Influencer
Quick, easy and very convenient to use. marketing
Builds and increases expertise which will be collaborati
beneficial to all parties included. on and
The most economical way of marketing after customer
Influencer marketing. engageme
Helps companies to share media publications nt can be
including social media apps like Twitter , seen via
Instagram and Facebook. customer
Hello Kit and Amazon are well known and well tweets on
established in the market and will add value and twitter.
credibility to VH sauces.
Email Marketing and Campaign will help VH sauces to know what exactly are the needs and
requirements of their audiences and accordingly send them information about their seasonal offerings
Objective : To Get To Know Our Target Audience , Their Needs And Requirements ,
Send Them Offers Which They Will Make Use Of Which In Turn Increases Sales
And Add Value To The Product. This Will Result In Maximum Customer
Satisfaction. Increase customer response by 75%.
Mail Software: Can make use of HubSpot, Microsoft outlook , will have
integrated customer data for every individual and track the responds and make
changes to the offer accordingly.
Mail list to?
1) Direct mails to past , current and potential future customers (those who
purchased VH sauces only once in their life) about different offers and different
seasons
2)Direct mails to influencers , bloggers , celebrities and ask them to use various
tactics like PROMO codes the audiences can use while making purchases.
From : VH sauces : VHadmin@VHsauce.com
Subject of the mail : Seasonal offers using PROMO codes , discounted prices ,
Chinese new year , Grilling season and Fall season.
The goal of the Advertising in You Tube is to raise awareness of VH sauces and raise the audience’s interest for purchase through 15-sec
and 30-sec video during the campaign time.
Objectives:
• Raise target customers’ awareness on VH sauces, as well as increasing
interest to purchase and taste VH sauces. Actively promoting through
YouTube promotion from March 1st, 2021 to September 30st, 2021.
• Quantifiable goal: 15-sec and 30-sec advertising tactics in YouTube will be
used in the actively time to raise awareness and increase interest to
purchase media from clicking the ads by 25%.
Execution and Tactics:
What: 15-sec and 30-sec video in You Tube. Audience usually watch video
ads in You Tube before any video.
How: Paid Advertising ($0.50 per click/impression): By paying for the click
to advertise the VH sauces customers will watch the video mandatory. It
help to VH sauces to become top the mind product when its come to
sauces.
Region: Due to the high percentage of Asian customers in Vancouver-
44%, Toronto-37%, Calgary-24%, Edmonton 19% these regions would help
to increase brand awareness, or generate leads and convert prospects.
Timing: From March 1st to September 30st, between 7 p.m and 10 p.m on
weekend.
Based on the fluctuating keyword trends and pricing, the total budget of
$900,000 is split with an upper limit keeping in mind, with a saving for
management reserve
Digital Marketing ( Search Engine Marketing, Pay per click, Premium
$ 3,600.00
membership, Email Marketing, yearly)
Partnerships with Good Food and HelloFresh (Meal Kit Delivery) and Amazon $ 150,000.00
After a peer understanding of the VH sauce Although there are benefits in adopting
the SEM, studies state that more than
Market, the best marketing execution for the
70% people use social media platforms
business is to go with the Social Media like Facebook, Instagram, Youtube to
view the ads and tend to buy the
Marketing.
products.
The costs occurred in creating these marketing
But for SEM (Google ads) only 56% of
campaigns is minimal but the company can gain
people tend to shop through the search
huge amounts of profits through these engines.
campaigns.
Probability of Increase in the retention rate and
increase in sales are much more higher than
compared to the Digital Marketing.
Therefore, we suggest that VH Sauces should invest more in social media marketing campaigns.
CONTACT US
Our Canadian headquarters is located in Mississauga, Ontario. We have a sales
office in Boisbriand, Quebec that is strategically located to best meet our
customers' needs. We also have manufacturing facilities located in Boisbriand,
Quebec and Dresden, Ontario.
If you have any queries or concerns about our products,
Please contact us at 1-800-461-4556, or send us an email to
Vhflavourssolutions@vh.com
FIG 1 Source :
Eating out – How Often and Why, Government of Canada, Statistics Canada,
10 Jan. 2019, www150.statcan.gc.ca/n1/pub/11-627-m/11-627-m2019003-
eng.htm.
FIG 2 Source: FIG 3 Source:
Www, www-statista- Www, www-statista-
com.libaccess.senecacollege.ca/statistics/478951/av com.libaccess.senecacollege.ca/statistics/495930/attitud
erage-size-of-families-with-children-in-canada/. es-towards-cooking-canada/.
FIG 4 Source:
FIG 5 Source:
Www, www-statista-
Www, www-statista-
com.libaccess.senecacollege.ca/statistics/973161/frequency-of-cooking with-
com.libaccess.senecacollege.ca/statistics/495921/reasons-for-not-
fresh-ingredients-canada/. cooking-at-home-among-consumers-canada/.
Fig 6 Source: Fig 7 Source:
Www, www-statista- Www, www-statista-
com.libaccess.senecacollege.ca/statistics/554060/attitude- com.libaccess.senecacollege.ca/forecasts/998466/purchase-
cooking-ethnic-foods-canada/. criteria-for-food-in-canada.
References
• “Sauces & Condiments - Worldwide: Statista Market Forecast.” Statista,
www.statista.com/outlook/40070000/100/sauces-condiments/worldwide .
• “North America Sauces, Dressings & Condiments Market Is Projected to Grow at a CAGR
4.6%.” MarketWatch, MarketWatch, 11 Sept. 2019,
www.marketwatch.com/press-release/north-america-sauces-dressings-condiments-market-i
s-projected-to-grow-at-a-cagr-46-2019-09-11?mod=mw_quote_news&tesla=y
.
• “Get $40 OFF - Canada's #1 Meal Kit Delivery.” Goodfood, www.makegoodfood.ca/en/home .
• Priceonomics. “The Advertising Conversion Rates For Every Major Tech Platform.” Forbes,
Forbes Magazine, 9 Mar. 2018,
www.forbes.com/sites/priceonomics/2018/03/09/the-advertising-conversion-rates-for-every
-major-tech-platform
/#72856c459573.
• “Influencer Marketing in Canada: Influencer Marketing Agency Canada.” StarNgage, starngage.com/influencer-
marketing-canada/.
• Council, Young Entrepreneur. “Collaboration Could Be Your Most Powerful Marketing Tool.” Forbes, Forbes
Magazine, 23 Oct. 2015,
www.forbes.com/sites/theyec/2015/10/23/collaboration-could-be-your-most-powerful-marketing-tool/.
• Huff, Travis. “6 Big Benefits of Using Influencer Marketing in Your Social Strategy.” Social Media Today, 9 May
2017,
www.socialmediatoday.com/social-networks/6-big-benefits-using-influencer-marketing-your-social-strategy.
• Influence.co. “Empowering the Influence Generation.” Find 19 Top Cooking Influencers, Creators and Social
Media Stars in Toronto, influence.co/go/top/cooking-influencers-toronto.
• Humphrey, Karen. “#Vhsauces Hashtag on Twitter.” Twitter, Twitter, 23 Jan. 2012,
twitter.com/hashtag/vhsauces.
• Pokrop, Jan. “Instagram & Facebook User Statistics in Canada - July 2019 UPDATE.” NapoleonCat, NapoleonCat,
9 Apr. 2020, napoleoncat.com/blog/instagram-user-demographics-in-canada-march-2017/.
• Balkhi, Syed. “7 Best Email Marketing Services for Small Business Compared (2020).” WPBeginner, 30 Mar.
2020, www.wpbeginner.com/showcase/best-email-marketing-services/.