black jack pitch book (2) - miami university blackjack.pdfpossibilities(of(also(targeting ......

22
INTRODUCES: Kristin Bell – Joy Belser – Jamie Hackbarth – Megan McEvoy Black Jack

Upload: nguyenngoc

Post on 28-Mar-2018

218 views

Category:

Documents


1 download

TRANSCRIPT

Page 1: Black Jack Pitch Book (2) - Miami University BlackJack.pdfpossibilities(of(also(targeting ... sustaining(astrong(relationship(with(our(male(market.(((The(Black(Jack(campaign(expands(the(historical(brand(farther

INTRODUCES:

Kristin Bell – Joy Belser – Jamie Hackbarth – Megan McEvoy

Black Jack

Page 2: Black Jack Pitch Book (2) - Miami University BlackJack.pdfpossibilities(of(also(targeting ... sustaining(astrong(relationship(with(our(male(market.(((The(Black(Jack(campaign(expands(the(historical(brand(farther

  2  

BLACK  JACK  OVERVIEW  Campaign  Introduction……............…......................…......................…......................….........................3  Situation  Analysis  (SWOT)  ..................…......................…......................…......................…....................4  Target  Market…......................…......................…......................…......................…...............................5-­‐6    COMPETITOR  ANALYSIS    Whiskey  Competitors............…......................…......................…...........................….............................7  Target  Market  Competitors..........…......................…......................…...........................…......................7  Competitor’s  Threats  ..........…......................…......................…...........................…...............................7    PRODUCT    Black  Jack  features  ..........…......................…......................…...........................…....................................8  Packaging    ..........…......................…......................…...........................….................................................8  Brand  Image    ..........…......................…......................…...........................….............................................8    PRICING    Pricing  Strategy    ..........…......................…......................…...........................…........................................9    PROMOTION  STRATEGY  Promotion  of  Channel  Members  .......…......................…...........................................…........................10  Promotion  of  Product  .......…......................…...........................................….........................................11  Budget  &  Timeline  .......…......................…...........................................…..............................................12    RETURN  ON  INVESTMENT  Target  Subculture  ROI.......…......................…...........................................….........................................10  Additional  Reasons  .......…......................…...............................................................….........................10    WORKS  CITED    APPENDIX          

TABLE OF CONTENTS

Page 3: Black Jack Pitch Book (2) - Miami University BlackJack.pdfpossibilities(of(also(targeting ... sustaining(astrong(relationship(with(our(male(market.(((The(Black(Jack(campaign(expands(the(historical(brand(farther

  3  

CAMPAIGN  INTRODUCTION  

The  Black  Jack  campaign  allows  the  Jack  Daniel’s  brand  to  expand  its  reach  to  target  markets  they  may  not  have  reached  before.    The  American  brand  honors  itself  on  being  the  oldest  registered  distillery  in  the  U.S.  where  its  Tennessee  Whiskey  is  a  completely  natural  product.      The  traditional  Jack  Daniel’s  consumer  consists  of  80%  males,  which  is  due  in  large  part  to  the  targeted  marketing  and  the  historical  iconic  symbol  of  masculinity  that  is  paired  with  this  dark  liquor.    Last  year,  Jack  Daniel’s  expanded  its  brand  with  the  release  of  Tennessee  Honey-­‐  its  first  flavored  alternative  to  Jack  Daniel’s  traditional.    This  was  Jack  Daniel’s  first  nod  at  recognizing  the  possibilities  of  also  targeting  women  as  consumers.      The  target  subculture  that  Black  Jack  will  target  is  Gen  Y  professional  women  between  the  ages  of  21-­‐29  with  disposable  income.  Gen  Y  as  a  whole  constitutes  21%  of  annual  buying  and  is  very  interested  in  recreational  activities.  Our  entire  campaign  caters  to  this  subculture  market  while  still  sustaining  a  strong  relationship  with  our  male  market.      The  Black  Jack  campaign  expands  the  historical  brand  farther  with  the  black  cherry  flavor  alternative  partnered  with  engaging  marketing  efforts  through  platforms  directly  aimed  to  reach  women.  Our  marketing  efforts  include  social  media,  Internet  advertising,  magazine  advertising  and  interpersonal  advertising  through  happy  hours,  drink  recipe  books  and  more.      The  focus  of  the  Jack  Black  campaign  targets  three  main  areas  we  hope  to  improve:  campaign  our  expansion  and  exposure  to  the  young  professional  women  subculture;  sustaining  the  historical  brand  image,  and  engaging  with  our  publics  across  a  spectrum  of  channels.      We  predict  strong  profitability  from  this  campaign  based  on  Gen  Y  women’s  buying  power  and  interest  in  recreational  lifestyle.  Along  with  probability  this  campaign  will  lead  to  long-­‐term  brand  recognition  by  Gen  Y  professional  women  through  the  marketing  relationship  we  are  creating  with  them.    

Page 4: Black Jack Pitch Book (2) - Miami University BlackJack.pdfpossibilities(of(also(targeting ... sustaining(astrong(relationship(with(our(male(market.(((The(Black(Jack(campaign(expands(the(historical(brand(farther

  4  

SITUATIONAL  ANALYSIS  Through  our  secondary  research  we  found  three  main  areas  we  will  focus  on  improving  or  sustaining  through  our  campaign.      

1. Expansion  and  Exposure:  While  Jack  Daniel’s  is  the  highest  selling  whiskey  in  the  world,  it  has  never  been  seen  as  a  ‘female-­‐friendly’.  The  Black  Jack  campaign  aims  to  open  the  brand  up  to  target  women  through  engaging  promotional  material.      

2. Sustaining  the  historical  brand  image:  As  we  expand  to  targeting  women  directly  we  want  to  ensure  the  historical  masculinity  of  the  brand  stays  intact.  By  doing  this  we  will  be  promoting  to  both  audiences  with  the  Jack      

3. Engaging  with  our  publics:  Jack  Daniel’s  is  known  for  its  strong  marketing  and  promotional  material.  Through  the  Jack  Black  campaign  we  want  to  reach  our  target  publics  in-­‐person,  online,  in-­‐print  and  in  everyday  life.    

STRENGTHS • Highest selling whiskey

globally • Quality at affordable price • Customer loyalty • Strong historical brand image

WEAKNESSES • The strong masculine image

may turn away women from buying product

• Not a large target audience

STRENGTHS • Highest selling whiskey

globally • Quality at affordable price • Customer loyalty • Strong historical brand image

THREATS • Competitors at cheaper price • Not reaching all target

markets, or losing some • Intense competition

OPPORTUNITIES • Widen target market • Financial ability to expand

brand • Offering variety of products • Innovative promotional

material

Page 5: Black Jack Pitch Book (2) - Miami University BlackJack.pdfpossibilities(of(also(targeting ... sustaining(astrong(relationship(with(our(male(market.(((The(Black(Jack(campaign(expands(the(historical(brand(farther

  5  

TARGET  MARKET  

SUBCULTURE  The  target  subculture  for  this  Jack  Daniel’s  campaign  is  young  women  between  the  ages  of  21  and  29  pursuing  a  professional  career.  This  subculture  includes  all  ethnicities  that  fall  within  the  previous  stated  characteristics.  Professional  occupations  are  diverse  and  fall  under  10  main  categories:  management;  business  and  financial  operations;  computer  and  mathematical  science;  architecture  and  engineering;  life,  physical,  and  social  science;  community  and  social  service;  legal;  education,  training,  and  library;  arts,  entertainment,  sports,  and  media;  and  healthcare  practitioner  and  technical  occupations  (The  Young  Professional  Workforce  Fact  Sheet  1).    

The  subculture  of  young  professional  women  includes  anyone  who  currently  has  a  professional  career  or  is  in  the  process  of  pursuing  a  professional  degree.  This  subculture  target  marketing  aims  toward  the  urban  city  dweller.  These  women  fall  under  Generation  Y,  a  segment  including  people  born  between  1978-­‐1994,  which  makes  up  25%  of  the  world’s  population.  This  is  the  first  generation  whose  numbers  will  eventually  exceed  the  powerful  Baby  Boomer  generation  in  the  workforce  in  the  coming  years  (Puybaraud  16).    POPULATION  SIZE  Nearly  21  million  young  women  between  the  ages  of  20  and  29  make  up  the  US  population  (US  Census  Bureau).  In  October  2012,  approximately  16.3  million  young  professionals  between  ages  22  and  35  were  employed  in  a  professional  occupation.  Young  women  made  up  53.5%  of  that  overall  16.3  million,  constituting  a  population  of  young  professional  women  9  million  strong  within  the  United  States.  It  is  important  to  note  that  women  pursuing  a  degree  are  not  included  in  these  numbers  but  are  still  part  of  the  target  subculture  (The  Young  Professional  Workforce  Fact  Sheet  1).        DEMOGRAPHICS  The  ages  of  the  young  professional  women  subculture  are  between  21  and  29.  On  the  education  side,  11  million  of  the  16.3  million  young  professionals  have  obtained  a  Bachelor’s  degree  or  higher  (The  Young  Professional  Workforce  Fact  Sheet  2013).  Generation  Y  is  the  most  educated  generation  to  date.  The  income  of  the  young  professional  women  subculture  varies  depending  on  the  specific  professional  occupation  of  each  individual  woman.  On  average,  a  female  business  graduate’s  starting  salary  is  just  over  $38,000.  After  5  years  of  experience,  many  of  these  women’s  salaries  will  increase  to  $50,000  or  more,  again  depending  on  her  specific  professional  occupation  (Corbett  12).      GEOGRAPHICS  Members  of  Generation  Y  typically  prefer  workplaces  in  an  urbanized  location  with  access  to  social  and  commercial  facilities,  a  good  public  infrastructure,  and  the  ability  to  either  use  public  transportation  or  drive  to  work  (Puybaraud  7).  Because  of  this,  women  with  young  professional  careers  are  more  likely  to  live  in  urban  areas.  Geographically,  this  subculture  tends  to  live  primarily  in  top  metropolitan  cities  including  Chicago,  Boston,  New  York  City,  Seattle,  Denver  and  Minneapolis,  among  others.        

Page 6: Black Jack Pitch Book (2) - Miami University BlackJack.pdfpossibilities(of(also(targeting ... sustaining(astrong(relationship(with(our(male(market.(((The(Black(Jack(campaign(expands(the(historical(brand(farther

  6  

TARGET  MARKET  PROFITABILITY  GEN  Y  INFLUENCES  Generational  aspects  highly  influence  this  subculture’s  working  behaviors,  buying  behaviors,  and  overall  preferences.  Gen  Y  sees  the  workplace  as  a  social  construct  and  believe  work  should  be  social.  This  is  an  important  attribute  because  it  can  lead  to  meetings  after  hours,  or  happy  hours  in  bars,  where  we  could  market  our  product  to  them.  Gen  Y  women  in  the  workplace  crave  autonomy  and  self-­‐direction  in  their  career.  Overall,  they  want  a  sense  of  equality  with  male  counterparts.  They  are  driven  to  have  a  career  that  they  love,  while  maintaining  a  balanced  lifestyle  (Barrett  13).      

Technology  is  a  major  influence  on  Gen  Y’s  buying  behavior  because  it  is  where  they  find  and  compare  products,  how  they  shop,  and  how  they  share  opinions  about  their  products.  They  rate  quality,  cost,  immediacy  of  service,  and  the  experience  as  big  impacts  on  purchase,  and  use  social  media  platforms  to  research  products.  Advertising  has  little  influence  over  Gen  Y  women,  as  they  do  not  trust  it.  Forty-­‐six  percent  of  Gen  Y  women  search  the  web,  consulting  as  many  as  6  sources  prior  to  making  a  product  purchase.  Women  look  at  blogs  for  information  about  daily  living  (Escalera).    

Gen  Y  is  more  open  to  exploring  and  trying  new  products  compared  to  the  general  population.  The  majority  of  Gen  Y  women  are  noted  as  preferring  for  beer,  but  are  buying  more  liquor  and  wine  than  older  generations  did  at  the  same  age.  The  willingness  of  Gen  Y  to  experiment  with  new  alcohol  products  make  Gen  Y  women  an  ideal  target  market  for  Jack  Daniel’s  (Lukovitz).  

An  important  attribute  of  Generation  Y  to  keep  in  mind  when  marketing  toward  them  is  that  they  want  to  feel  the  brand  cares  about  them,  and  possibly  be  rewarded  for  using  the  brand.  They  are  constantly  mobile  and  connected,  and  are  accepting  of  change.  Seventy-­‐five  percent  of  Generation  Y  have  a  social  networking  presence  and  will  like  and/or  follow  about  20  brands  of  their  liking.  The  family  structure  for  the  majority  of  Generation  Y-­‐ers  is  single  professional.  Some  of  them  have  a  spouse,  or  a  young  family  (Puyabraud  7).    

BUYING  POWER  Generation  Y’s  buying  power  as  a  whole  is  $200  billion  annually  and  constitutes  21%  of  total  annual  spending  in  the  US  (Escalera).    Young  professional  women  within  Gen  Y  have  a  unique  buying  power,  because  half  of  them  are  still  dependent  on  their  parents’  money  due  to  their  entering  the  workforce  during  the  recession.  

Gen  Y  women  are  unlike  their  mothers  because  they  remain  single  for  longer  period  of  time,  they  value  individualism,  and  they  see  buying  as  a  way  of  life  rather  than  buying  for  necessity  purposes.    It  is  important  to  market  towards  women  in  Gen  Y  because  67%  of  Gen  X  women  look  to  them  as  trendsetters  and  advocates  of  what  to  buy.    Also,  when  Generation  Y  women  like  a  brand  or  product  they  are  61%  more  likely  to  share  it  with  friends  across  a  spectrum  of  social  media  platforms  than  other  generations  (Pekala,  2).      

For  this  project,  their  buying  power  lies  within  how  much  disposable  income  these  young  women  have  to  spend  on  recreational  products  like  Jack  Daniel’s.  Women  working  full  time  between  ages  18  and  24  earning  $35,000  to  $99,999  make  up  19.2%  of  their  age  group  demographic.  Women  working  between  the  ages  25  to  29  earning  $35,000  to  $99,999  a  year  account  for  44.6%  of  their  age  group  demographic.  Both  of  these  percentages  show  that  women  between  ages  21-­‐29  earning  $35,000+  are  a  large  and  valuable  group  to  market  towards  with  the  potential  of  large  profitability  (US  Census  Bureau).    

As  a  team  we  predict  a  strong  sense  of  profitability  from  this  target  market  through  the  sense  of  building  a  strong  brand  relationship  with  them  through  our  promotional  efforts  and  their  ability  to  buy.    Their  influential  momentum  within  society  may  allow  us  to  reach  secondary  markets  as  well,  such  as  Gen  X  women.  

Page 7: Black Jack Pitch Book (2) - Miami University BlackJack.pdfpossibilities(of(also(targeting ... sustaining(astrong(relationship(with(our(male(market.(((The(Black(Jack(campaign(expands(the(historical(brand(farther

  7  

COMPETITOR  ANALYSIS  WHISKEY  COMPETITORS  Our  top  competitors,  according  to  the  Hoovers  database,  are  Beam  Inc.,  Constellation  Brands  (Svedka,  Black  Velvet  Whiskey),  and  Diageo  (Johnnie  Walker,  Jose  Cuervo).  These  parent  companies  own  brands  such  as  Jim  Beam,  Maker’s  Mark,  Johnnie  Walker,  and  other  types  of  alcohol.  Other  brands  our  team  has  deemed  as  competitors  are  ones  that  target  our  same  target  market  such  as  SkinnyGirl.  SkinnyGirl  was  recently  bought  by  Beam  Inc.  and  targets  women  who  want  to  drink  liquor,  but  are  not  looking  just  for  some  fruity  cocktail  but  rather  a  simple  and  sophisticated  drink  that  doesn’t  pack  all  the  calories  (Hoovers  Database).    Sales  Levels  and  Market  Share  of  the  Competition  • Beam  Inc.:  $2.5  Billion  in  Sales  Volume  and  Market  Share  is  6.62%.  • Constellation  Brands:  $2.6  Billion  in  Sales  Volume  and  Market  Share  is  7.11%.  • Diageo:  $16  Billion  in  Sales  Volume  and  Market  Share  is  45.04%.  

(Hoover’s  Database)    COMPETITOR  TARGETS  • Beam  Inc.  spent  most  of  its  marketing  efforts  on  men.    However,  in  2009  it  introduced  a  black  

cherry-­‐infused  Jim  Beam  flavor  and  gave  it  the  title  Red  Stag.    After  its  pitch,  sales  increased  dramatically  and  Beam  Inc.  made  the  surprising  discovery  that  women  were  buying  the  sweet  drink  at  almost  three  times  the  rate  they  typically  bought  bourbon.    The  company  then  began  to  make  new  marketing  programs  that  targeted  women  which  led  to  a  major  opportunity  within  the  female  market.  This  discovery  has  led  Beam  Inc.  to  create  other  extended  brands  such  as  a  flavored  Courvoisier  cognac  and  the  new  acquisition  of  the  company  SkinnyGirl  cocktails  which  targets  women  with  100  calories  per  serving  (Stanford  1).  

• Constellation  Brands  offers  many  wine,  spirits,  and  beer  brands.    North  American  President,  Jay  Wright,  has  sought  out  younger  customers  via  the  web  and  mobile  applications.    Due  to  the  company’s  new  digital  marketing  effort,  it  is  now  targeting  Millennial  (21-­‐34  year-­‐olds)  who  have  now  become  the  fastest-­‐growing  segment  of  wine  drinkers  (Stanford  1).  

• Diageo  has  recently  been  shifting  its  product  targeting  to  three  major  groups:  the  more  affluent  consumer,  female  consumers,  and  the  middle  class  in  developing  nations.  The  luxury  customer  was  targeted  with  its  launch  of  a  “super  premium”  vodka,  Ciroc,  and  growth  of  its  expensive  Johnnie  Walker  lines.  Female  consumers  were  attracted  to  the  company  when  it  came  out  with  Smirnoff  Whipped  Cream  and  Fluffed  Marshmallow  flavors.  Lastly,  the  middle  class  was  targeted  by  pushing  brands  such  as  “heritage”  brands  like  Haig  whiskey.  All  of  these  efforts  were  launched  with  over  80  products  for  these  groups  in  just  six  short  months  (Warc  1).  

 COMPETITOR  THREATS  The  biggest  competitor  threats  to  Jack  Daniels  are  seen  to  be  Beam  Inc.  and  Constellation  Brands.    This  is  due  to  the  fact  that  they  target  a  similar  group  as  Jack  Daniels  with  their  products  Red  Stag  and  SkinnyGirl.  Constellation  Brands  is  viewed  as  a  threat  because  as  a  distillery,  they  produce  more  sales  than  Brown-­‐Forman  who  owns  Jack  Daniels.    

Page 8: Black Jack Pitch Book (2) - Miami University BlackJack.pdfpossibilities(of(also(targeting ... sustaining(astrong(relationship(with(our(male(market.(((The(Black(Jack(campaign(expands(the(historical(brand(farther

  8  

PRODUCT  OVERVIEW  BLACK  JACK  FEATURES  Black  Jack  is  a  new  whiskey  brand  produced  by  Jack  Daniels  that  meets  the  company’s  standards  of  class  and  high  quality,  yet  with  a  new  sophisticated  twist.  Black  Jack  is  a  smooth  whiskey  with  a  hint  of  black  cherry  flavor.    This  original  recipe  is  just  as  classy  as  the  original  Tennessee  whiskey  yet  with  a  modern  flair  to  appeal  to  our  new  target  market.  It  will  be  sold  nationally  as  a  limited  edition  product.  The  product  packaging  will  resemble  the  classic  Jack  Daniels  image  but  with  a  slightly  darker  side  conveying  mystery  and  sleekness.  The  flavor  we  have  chosen,  black  cherry,  is  sweet  yet  still  packs  the  same  simplistic  superiority  that  all  Jack  Daniels’  products  convey.      PACKAGING  The  bottle  for  Black  Jack  will  be  unmistakably  recognizable  as  a  Jack  Daniels  product,  yet  with  a  more  feminine  touch.  The  bottle  will  be  slimmer,  touching  on  past  Jack  Daniels’  special  edition  products’  packaging.  The  coloring  will  be  black  with  hints  of  red  to  visually  resemble  the  flavor.  The  leaner  bottle  adds  a  feminine  touch  to  the  product  while  the  classic  Jack  Daniels  resemblance  packs  the  same  power  and  recognition.    

       BRAND  IMAGE  Black  Jack’s  image  relies  on  a  mix  of  the  Jack  Daniels’  brand  recognition  with  added  eye-­‐catching  qualities.  The  product  speaks  to  the  consumers’  sophistication,  sensuality,  and  respectability.  It’s  strong  and  reliable,  with  a  no-­‐nonsense  attitude.  The  added  hint  of  black  cherry  flavor  makes  for  a  delicious  nightcap  on  the  rocks  or  a  fabulous  happy  hour  Black  Jack  original  cocktail.  The  Black  image  through  packaging  and  the  product  name  pulls  together  the  design,  emotion,  and  flavor  of  the  product  to  attract  the  customer  to  everything  that  it  has  to  offer.  When  Black  Jack  is  purchased  or  is  being  consumed  in  public,  it  conveys  a  confident  vibe  of  the  drinker  to  everyone  around.          Sources:  www.jackdaniels.com,  http://management.fortune.cnn.com/2011/12/08/jack-­‐daniels-­‐jim-­‐stengel-­‐grow/,  http://www.knoxnews.com/news/2011/may/20/a-­‐sweet-­‐blend-­‐of-­‐old-­‐new/  

Page 9: Black Jack Pitch Book (2) - Miami University BlackJack.pdfpossibilities(of(also(targeting ... sustaining(astrong(relationship(with(our(male(market.(((The(Black(Jack(campaign(expands(the(historical(brand(farther

  9  

PRICING  STRATEGY  PRICING  STRATEGY  OVERVIEW  The  pricing  strategy  will  be  a  mix  of  competition,  premium,  and  psychological.  The  price  of  Black  Jack  will  be  able  to  compete  against  Beam,  Makers,  and  other  notable  whiskey  brands.  Since  it  is  limited  edition,  some  aspects  of  the  premium  pricing  strategy  will  be  relevant.  Also,  Jack  Daniels  uses  psychological  pricing  already,  and  young  women  take  into  account  pricing  when  making  purchases,  therefore  psychological  pricing  will  also  be  implemented  in  that  sense.      WHY  THESE  STRATEGIES?    The  price  point  has  been  set  mostly  due  to  competition,  as  Jack  Daniels  has  stable  sales  and  brand  loyalty,  yet  as  a  new  product,  we  want  to  stay  relevant  with  competitors.  Since  Black  Jack  is  a  limited  edition  product  however,  there  is  reason  for  premium  pricing,  noting  that  the  Black  Jack  price  is  higher  than  Jack  Daniels  original  Tennessee  Whiskey.  Psychological  pricing  comes  into  play  in  the  sense  that  we  have  noticed  Jack  Daniels  currently  uses  this  strategy,  and  our  target  market  is  more  likely  to  pay  attention  to  price  versus  Jack  Daniel’s  current  market.  This  price  fits  into  the  brand’s  pricing  points.  It  is  reasonable  compared  to  the  original  and  competitive  with  other  brands.  Also,  it  fits  in  the  higher  category  showing  that  it  is  more  of  a  premium  than  the  original,  similar  to  other  special  editions  such  as  Sinatra  or  the  160th  birthday  bottle.  Our  main  competitors,  such  as  Beam,  Makers,  and  Johnny  Walkers  are  all  similarly  priced  as  well.    DOES  IT  DIFFER  FROM  OTHER  PRODUCTS?    The  price  will  be  $28.99  per  750ml  bottle.  Jack  Daniels  original  whiskey  sells  for  around  $20.00  for  a  750ml  bottle  and  the  first  Jack  Daniels  product  with  hints  of  flavor,  Jack  Daniels  Honey,  sells  for  about  $24.99.  We  feel  that  due  to  the  new  product  introduction,  the  success  of  Honey,  and  the  limited  edition  aspect,  $28.99  is  a  strategic  price  point  for  Black  Jack.  It  is  on  the  lower  end  of  the  special  edition  Jack  products;  however,  we  are  going  for  a  more  universal  selling  vantage  versus  already  converted  whiskey  lovers.  

PACKAGING    New  Design  Packaging     $200,000            CHANNEL  MEMBER  PROMOTION    Happy  Hours     $25,000    How-­‐To  Kit     $33,000    Drink  Recipe  Book     $3,000    Liquor  Store  Promotions   $15,000        PROMOTION  OF  PRODUCT    Social  Media  Advertising     $0  Promotional  Tweet   $200,000    Internet  Advertising     $500,000  Magazine  Advertising   $600,000    

Page 10: Black Jack Pitch Book (2) - Miami University BlackJack.pdfpossibilities(of(also(targeting ... sustaining(astrong(relationship(with(our(male(market.(((The(Black(Jack(campaign(expands(the(historical(brand(farther

  10  

1

                                                                                                               1  1  Appendix  A        2  Appendix  B        3  Appendix  C  

PROMOTION  OF  CHANNEL  MEMBERS  

PRIMARY  CHANNEL  MEMBERS  This  includes  bars,  restaurants  and  nightclubs  that  already  carry  Jack  Daniel’s  or  carry  competitors’  whiskey.  The  main  goal  of  targeting  these  members  is  to  reach  our  target  publics  in  a  social  setting  while  engaging  them  in  memorable  experiences  with  our  product.      SECONDARY  CHANNEL  MEMBERS  We  will  target  liquor  stores;  once  we  have  successfully  reached  the  target  publics  through  the  primary  channel  members  they  hopefully  will  purchase  Jack  Black  at  their  local  liquor  store  to  keep  in  their  home.  The  main  selling  point  towards  liquor  stores  are  the  strong  probability  other  Jack  Daniel’s  products  have  throughout  the  nation.      CHANNEL  MEMBER  INCENTIVES  The  following  incentives  will  be  used  to  reach  our  channel  members  audience  along  with  our  target  market  in  an  engaging  and  memorable  manner.  It  will  provide  the  channel  members  with  promotional  material,  free  samples,  along  with  interactive  material  to  carry  out  with  their  consumers.      Black  Jack  Sponsored  Happy  Hours:  The  targeted  bars,  restaurant  and  nightclubs  will  be  offered  a  happy  hour  sponsored  by  Black  Jack.  The  happy  hour  will  allow  bar  patrons  to  enjoy  a  free  Black  Jack  mixed  drink.  It  is  casino  themed  and  drinks  consist  of  casino  chips,  spin  the  wheel  and  roll  the  dice.  We  chose  50  top  bars  in  top  metropolitan  areas  to  host  these  events.  We  will  distribute  invitations1  to  the  bars,  as  well  as  promotional  signs2.  The  average  cost  for  Black  Jack  to  sponsor  this  is  $500  each.      Black  Jack  ‘How  To’  Kit:  The  Black  Jack  kit  will  consist  of  three  bottles  of  the  limited  edition  Jack  Daniel’s  Black  Cherry  whiskey,  a  can  of  black  cherries,  exclusive  Black  Jack  whiskey  glasses  and  shot  glasses,  casino  chips,  a  pair  of  dice  and  a  Black  Jack  spinning  wheel,  posters  and  exclusive  coupons  to  hand  out  to  bar  patrons.  Along  with  these  materials  there  will  be  instructions  on  how  to  serve  interactive  mix  drinks  and  shots  to  the  bar  patrons.  This  will  be  distributed  to  bars  who  were  not  apart  of  the  happy  hour  each  kit  will  cost  $110.  This  will  be  sent  out  to  250  bars  nationally.      Black  Jack  Exclusive  Drink  Book:  When  channel  members  carry  Black  Jack  products  they  will  receive  an  exclusive  Black  Jack  drink  recipe  book3.  The  drink-­‐recipe  book  consists  of  20  exclusive  Black  Jack  recipes  ranging  from  mixed  drinks,  shots  and  more.  This  allows  the  bar  to  expand  on  several  levels.  The  cost  will  be  $15  with  shipping  and  handling  to  200  bars.      Liquor  Store  Promotional  Material:  Even  if  customers  are  not  aware  of  the  Black  Jack  extension  we  want  them  to  notice  it  when  they  walk  into  the  liquor  store.  This  leaves  us  with  a  product  shelving  system  that  will  grab  their  attention.  Set  up  at  the  front  of  the  liquor  aisle  upon  a  table  backdrop  that  looks  like  a  blackjack  table  and  lights.  At  each  liquor  store,  the  100th  person  to  buy  the  bottle  will  receive  it  for  free,  as  stated  on  the  sign.  This  is  up  to  the  store  manager’s  disclosure  and  they  must  pay  close  attention  to  the  recipes.  The  estimated  cost  with  shipping  is  $50  to  300  bars.        

Page 11: Black Jack Pitch Book (2) - Miami University BlackJack.pdfpossibilities(of(also(targeting ... sustaining(astrong(relationship(with(our(male(market.(((The(Black(Jack(campaign(expands(the(historical(brand(farther

  11  

2

                                                                                                               2  4  Appendix  D        5  Appendix  E        6  Appendix  F        7  Appendix  G        8  Appendix  H        9  Appendix  I  

PROMOTION  OF  PRODUCT  LIMITED  EDITION  Black  Jack  will  be  released  nationwide,  but  only  for  a  limited  time.  For  a  year's  time,  this  product  will  be  available  in  liquor  stores  across  the  country.  Depending  on  its  success,  it  may  be  re-­‐released  after  the  initial  time  frame  is  up.  This  aspect  of  the  product  will  be  advertised  to  increase  the  appearance  of  the  exclusivity  of  the  product.  As  discussed  in  the  Target  Market  Profitability  section  on  page  6,  Gen  Y  is  more  prone  to  explore  and  try  new  things.  Thus,  we  feel  that  releasing  Black  Jack  as  limited  edition  will  increase  the  allure  and  push  the  women  in  this  demographic  to  branch  out  and  try  it  while  it  lasts  (Lukovitz).    ADVERTISING  Social  Media  Our  social  media  campaign  will  consist  of  promotions  through  the  original  Jack  Daniel's  Facebook  page,  along  with  creation  of  a  Black  Jack  Facebook  page4;  creation  of  a  new  Twitter  account  exclusively  for  BlackJack5  (tweets  will  include  cheeky  sayings  and  quips),  as  well  as  promoting  the  release  of  the  new  product  through  the  current  Jack  Daniel's  Twitter  account.  On  the  day  of  the  launch,  we  will  release  a  promoted  tweet  on  Twitter;  and  a  Pinterest  account6  exclusively  for  Black  Jack  where  pins  will  include  recipes  for  drinks,  ladies  who  exemplify  the  brand  extension,  career  tips,  and  lifestyle  tips  for  the  young  professional  socialite.  All  of  these  social  media  websites  will  have  links  to  the  sites  on  the  Facebook  page  for  easy  navigation.    Internet  Advertising    Advertising  will  take  place  on  web  pages  where  we  believe  the  young  professional  woman  would  be  spending  a  good  amount  of  her  time.  This  includes  business  news  pages,  such  as  the  New  York  Times,  Yahoo,  and  the  Huffington  Post.  On  the  New  York  Times  homepage,  for  example,  there  will  be  an  advertisement  using  the  Home  Page  Auto-­‐Expand  Pushdown7.  There  will  be  an  ad8  that  is  970x66  when  retracted  and  expand  to  970x418  once  per  user  per  day  for  7  seconds.  The  user  must  click  to  expand  the  ad  and  subsequently  click  to  close  ("New  York  Times  Media  Kit").      Magazine  Advertising    Magazine  ads  will  also  be  placed  in  those  publications  that  we  believe  our  target  market  primarily  reads.  This  includes  Oprah  Magazine,  BUST,  Woman's  Day,  and  Lucky  (Brown).  There  will  be  three  different  advertisements9  that  will  run  in  these  magazines.  We  believe  these  advertisements  will  appeal  to  our  target  market  because  of  the  off-­‐color  and  provocative  nature  of  them.  They  portray  a  sense  of  strength  and  sophistication,  as  well  as  femininity  and  fun.      Other  traditional  advertising  means  such  as  billboards,  television,  and  radio  advertisements  may  not  be  effective  because,  as  was  said  in  the  Target  Market  Profitability  section  on  page  6,  Gen  Y  women  are  more  skeptical  of  advertising  and  tend  not  to  trust  it.        

Page 12: Black Jack Pitch Book (2) - Miami University BlackJack.pdfpossibilities(of(also(targeting ... sustaining(astrong(relationship(with(our(male(market.(((The(Black(Jack(campaign(expands(the(historical(brand(farther

  12  

RETURN  ON  INVESTMENT  

The  initial  investment  into  the  Black  Jack  campaign  is  50  million.  Brown-­‐Foreman  Inc.,  the  parent  company  of  Jack  Daniel’s,  is  predicting  a  large  return  on  investment  from  the  launch  of  Black  Jack,  a  black  cherry  flavor  whiskey  due  to  its  successful  launch  of  Tennessee  Honey  flavored  whiskey  in  2012.  Currently,  Jack  Daniel’s  Tennessee  Honey  holds  19%  of  market  share  in  the  U.S.  of  flavored  brown  spirits  (Brown  Foreman  2012  Annual  Report).  Along  with  its  substantial  market  share,  Tennessee  Honey  alone  rose  Jack  Daniel’s  2  points  of  the  9%  sales  increase  in  2012.      The  success  of  Tennessee  Honey’s  launch  and  return  on  investment  is  a  positive  foreshadowing  of  the  expansion  of  flavored  whiskey  with  the  launch  of  Black  Jack.  We  are  predicting  a  100  million  return  on  investment  from  the  marketing  campaign  and  launch  partnered  with  Black  Jack.      Along  with  financial  purposes,  the  launch  of  Black  Jack  will  expand  our  brand  furthermore  into  the  flavored  whiskey  market.  With  expansion,  we  are  directly  marketing  and  engaging  with  a  subculture  the  brand  does  not  directly  market  towards.  Through  this  launch  we  hope  to  create  a  strong  relationship  with  Gen  Y  professional  women  through  our  marketing  efforts.  In  the  end,  we  hope  the  experiences  they  have  with  Black  Jack  will  leave  them  with  a  high  brand  recognition  of  the  Jack  Daniel’s  brand  overall  and  to  buy  our  products  within  other  sectors  as  well.      Overall,  the  return  of  investment  with  the  Black  Jack  launch  will  bring  higher  profitability,  brand  expansion,  and  reach  new  markets  they  have  not  reached  before.    

Page 13: Black Jack Pitch Book (2) - Miami University BlackJack.pdfpossibilities(of(also(targeting ... sustaining(astrong(relationship(with(our(male(market.(((The(Black(Jack(campaign(expands(the(historical(brand(farther

  13  

Barrett,  Karen  Nichols,  comp.  Gen  Y  Women  in  the  Workplace  Focus  Group  Summary  Report.    Rep.  Business  and  Professional  Women's  Foundation,  Apr.  2011.  Web.  3  Mar.  2013.    

Brown,  Amanda.  "Top  10  Women's  Magazines."  All  Women  Stalk.  n.  page.  Web.  28  Apr.  2013.  <http://allwomenstalk.com/top-­‐10-­‐womens-­‐magazines>.    

Corbett,  Christianne,  and  Catherine  Hill.  Graduating  to  a  Pay  Gap:  The  Earnings  of  Women  and    Men  One  Year  after  College  Graduation.  Rep.  Washington,  DC:  American  Association  of  University  Women,  2012.  Web.      

Escalera  ,  Karen  Weiner.  “Generation  Y:  Luxury’s  Most  Buoyant  Market.”  Luxury  Society.  Web.    5  Mar.  2013.  <http://luxurysociety.com>    

 "Experience  Jack  Daniel's."  Jack  Daniel's  Tennessee  Whiskey.  N.p..  Web.  4  Mar  2013.  

<http://www.jackdaniels.com/experience>.    Lukovitz,  Karlene.  "Gen  Y  Changing  Alcoholic  Beverages  Marketplace."  Marketing  Daily.    

Nielsen  Millennial  Study,  14  Jan.  2011.  Web.  05  Mar.  2013.    Novellino,  Teresa.  "At  Beam  Inc.,  It’s  Ladies  Night."Upstart:  A  Business  Journal.  07  Oct  2011:  1.  Web.  5  Mar.  2013.    "Online:  Audience  ."  The  New  York  Times  Media  Kit  .  N.p.,  n.d.  Web.  29  Apr  2013.  

<http://nytmarketing.whsites.net/mediakit/online>.    Puybaraud,  Maria,  Dr.  Generation  Y  and  The  Workplace  Annual  Report  2010.  Rep.  London:    

Johnson  Controls,  2010.  Global  Workplace  Innovation.  Generation  Y  and  the  Workplace  Annual  Report  2010.  Johnson  Controls,  2010.  Web.  3  Mar.  2013.    

Ramirez,  David.  "Brown-­‐Forman  Corporation-­‐Competitors."  (2013):  n.pag.  Hoovers.  Web.  4  Mar  2013.    Standford,  Duane.  "Jim  Beam  Maker  Chases  Women  With  Skinnygirl  Cocktails:    

Retail."BloombergBusinessweek  Magazine.  03  Oct  2011:  1.  Web.  4  Mar.  2013.    Stanford,  Duane.  "Targeting  Millennial  Wine  Drinkers  Online."  BloomberBusinessweek    

Magazine.  12  May  2011:  1.  Web.  5  Mar.  2013.    "The  Jack  Daniel's  Store."  Jack  Daniel's  Tennessee  Whiskey.  N.p..  Web.  4  Mar  2013.  

<http://jackdaniels.summitmg.com/jdc/Default.asp>.    The  Young  Professional  Workforce  Fact  Sheet  2013.  Rep.  Department  for  Professional    

Employees,  Jan.  2013.  Web.  3  Mar.  2013.    United  States.  Census  Bureau.  Current  Population  Survey,  Annual  Social  and  Economic    

Supplement.    “Table  1:  Population  by  Age  and  Sex:  2011”  United  States  Census  2011.  Washington:  US  Census  Bureau,  2011.  Web  Nov.  2012.  <http://www.census.gov/population/age/data/files/2011/2011gender_table1.csv>    

United  States.  Census  Bureau.  Current  Population  Survey,  Annual  Social  and  Economic    Supplement.    “Table  19:  Earnings  of  Full-­‐Time,  Year-­‐Round  Workers  by  Sex  and  Age:  2010”  United  States  Census  2011.  Washington:  US  Census  Bureau,  2011.  Web  Nov.  2012.  <http://www.census.gov/population/age/data/files/2011/2011gender_table19.csv>  

 Warc.  "Diageo  targets  new  consumers."  Warc.  13  Feb  2012:  1.  Web.  5  Mar.  2013.  

WORKS  CITED  

Page 14: Black Jack Pitch Book (2) - Miami University BlackJack.pdfpossibilities(of(also(targeting ... sustaining(astrong(relationship(with(our(male(market.(((The(Black(Jack(campaign(expands(the(historical(brand(farther

  14  

Appendix  A    Happy  Hour  Invitations  

Invitation  Template  for  bars  to  send  out  to  select  patrons  for  the  exclusive  happy  hours  introducing  Black  Jack.    

Page 15: Black Jack Pitch Book (2) - Miami University BlackJack.pdfpossibilities(of(also(targeting ... sustaining(astrong(relationship(with(our(male(market.(((The(Black(Jack(campaign(expands(the(historical(brand(farther

  15  

Appendix  B    Happy  Hour  Materials  

Promotional  sign  used  for  Black  Jack  promotions  within  bars,  restaurants,  and  even  liquor  stores.  Also  used  interchangeable  with  interactive  kits  with  change  of  information  (i.e.  delete  the  Happy  Hour).    

Page 16: Black Jack Pitch Book (2) - Miami University BlackJack.pdfpossibilities(of(also(targeting ... sustaining(astrong(relationship(with(our(male(market.(((The(Black(Jack(campaign(expands(the(historical(brand(farther

  16  

Appendix  C  Recipe  Book  

Page 17: Black Jack Pitch Book (2) - Miami University BlackJack.pdfpossibilities(of(also(targeting ... sustaining(astrong(relationship(with(our(male(market.(((The(Black(Jack(campaign(expands(the(historical(brand(farther

  17  

Appendix  D      

Page 18: Black Jack Pitch Book (2) - Miami University BlackJack.pdfpossibilities(of(also(targeting ... sustaining(astrong(relationship(with(our(male(market.(((The(Black(Jack(campaign(expands(the(historical(brand(farther

  18  

Appendix  E  

Page 19: Black Jack Pitch Book (2) - Miami University BlackJack.pdfpossibilities(of(also(targeting ... sustaining(astrong(relationship(with(our(male(market.(((The(Black(Jack(campaign(expands(the(historical(brand(farther

  19  

Appendix  F  

Page 20: Black Jack Pitch Book (2) - Miami University BlackJack.pdfpossibilities(of(also(targeting ... sustaining(astrong(relationship(with(our(male(market.(((The(Black(Jack(campaign(expands(the(historical(brand(farther

  20  

Appendix  G  

Page 21: Black Jack Pitch Book (2) - Miami University BlackJack.pdfpossibilities(of(also(targeting ... sustaining(astrong(relationship(with(our(male(market.(((The(Black(Jack(campaign(expands(the(historical(brand(farther

  21  

Appendix  H  

Retracted  

Expanded  

Close (X)

Page 22: Black Jack Pitch Book (2) - Miami University BlackJack.pdfpossibilities(of(also(targeting ... sustaining(astrong(relationship(with(our(male(market.(((The(Black(Jack(campaign(expands(the(historical(brand(farther

  22  

 Appendix  I