market share & swot analysis
DESCRIPTION
SWOT analysis and Marketing aspects of Serola Biomechanics, Inc.TRANSCRIPT
Serola Biomechanics9/19/2008
Serola Biomechanics, Inc. 2
Company History
Rick’s Injury Decision to go to school Research into biomechanics Serola Theory
Company Startup in Hawaii Move to Illinois
Serola Biomechanics, Inc. 3
Product Introduction
Sacroiliac Belt› Original Style› New Style
Gel Arc Elbow Brace Sacrotrac Inflatable Pelvic Blocks Thoratrac
Serola Biomechanics, Inc. 4
Competitive Position
Product Comparative Advantage› High Quality› Dr. Serola’s 20 year of research of biomechanics: “Serola Theory”› Re-designed the sacroiliac belt for better function.
Elastic SI belts Non-elastic SI belts Serola SI belt
› Serola Challenge (Strength Test)› Developed a name brand over 17 years.
Product Improvement› Original Serola Belt -> New Serola Belt› Retooling› Aesthetic & Design› Multi Stage Testing
Efficiency
Serola Biomechanics, Inc. 5
Sales & Marketing Position
Target› Health Professionals
Chiropractors Physical Therapists
› Distributors› Wholesalers/Retailers
Marketing› Magazine› Newspaper› Internet
Pay-Per-Click : Google Adwords, !Yahoo Organic Search/SEO – Google, Google Alerts, Blogs CraigsList, KiJiJi, Yahoo Answers, Inbound Linking
Sales Channel› Order by Phone› Order by FAX› Online: www.SerolaBelt.com, www.Serola.net
Serola Biomechanics, Inc. 6
SWOT Analysis
Opportunity- Opportunity to sell to Government and Military Personnel- B2B: Selling to Industrial Market, Factories, Warehouse- Opportunity to sell more to Physical Therapists, DC, MD, etc.- Engage in E-commerce. - Online Marketing (Google Adwords, Yahoo Marketing, etc),- Search Engine Optimization.
Threat- Being number one means that you are the target of competition, locally and globally.-The cost of producing consumer products tends to have fallen because of lower manufacturing costs. Manufacturing costs have fallen due to outsourcing to low-cost regions inf the world. Price competition is an intense competition - Copies of our original belt in US. Canada, and Europe- Other SI Belts: Saunder’s, SI Loc
Serola Biomechanics, Inc.SWOT Analysis
Serola Biomechanics, Inc. 7
What’s Next?
Efficient Way to Reach International Customers
Advertising Media in Europe› Magazines› E-mail List› Inexpensive way of translation
Trade Shows› MEDICA (Germany)
Industry Associations Online Advertising
Serola Biomechanics, Inc. 8
Questions and Answers
Thank you