marketing plan
TRANSCRIPT
10 Step Marketing Plan
Maria Ellaine Grace K. UyNovember 30, 2011
Metformin
5 Steps for Part 1
Target Market: Diabetes Type 2 Patients
NWE: Improved health through optimal glycemic control
Choice: Branded vs Generic Gap: Positioning of generic medications Market Size: PhP 2.3 Billion. Niche at
Php 1.2 Billion
Primary Target Market RiteMED Metformin is for low income families
afflicted with Type II Diabetes Mellitus
Demographics: > 40 years old, overweight, M>F
Aims to target the behavior of Filipinos (i.e. High prices of medicines leading to inadequate and irrational use of medicines and inadequate self-care)
Unhealthy lifestyle (No exercise, high fat diet, intake of salty food)
Positioning
RiteMED Metformin boasts of “right medicines, priced right” Cheapest metformin in the market (P
3.09/tablet)
The market size is PhP 2.3 Billion. Niche at Php 1.2 Billion.
What do they need (NWE)
Realized by fulfilling needs
Needs, Wants and Expectations
Needs: Achieving good health through optimal glycemic control, reaching self actualization, increasing self esteem
Wants: Quality assurance, effectiveness and affordability
Expectations: Good control of blood sugar and limited side effects
Competitors Direct:
Boie Britton Health Saver Littman Metro Drug Natrapharm NextChem Pharma Nutria Sanofi-Aventis Winthrop Zuellig
Generika The Generics
Pharmacy
Competitors
Indirect Exercise Diet
modifications Health fitness
gyms Non-compliance
Variables: Efficacy Safety Price Packaging Brand popularity
(i.e.Doctor’s prescription)
Availability Ease of use for
compliance
Competitive Position Map
Price vs Brand Popularity
Price/ Positioning Matrix
Not Popular
Popular Quite Popular
Very Popular
High price
Low Price
Unknown Price
Unilab+
RiteMED
Zuellig
NatrapharmBoie
Health Saver
Metro DrugNextChem
Littman
Pharma Nutria
Sanofi-Aventis
Winthrop
Britton
Customer Competition GapDemand- Supply Gap
RiteMed Metformin HCl is the only drug that is… “Rite med, priced rite”
Quality assurance Backed up by Unilab
Affordable Cheapest in the market
* Others drugs assure quality in exchange for a higher cost or provide a low cost alternative with questionable quality and not widely available in the market.
Market Size
3.4M Filipinos with DM 4.9M Filipinos at risk of DM
Consumption of Metformin: 2x/day Market Size = Php 1.2 Billion
5 Steps for Part 2(Marketing Mix and Strategy)
Product: RiteMed Metformin HCl Price: Cheapest in the market (20-
80% cheaper) Promotion: Media, Sales
Representatives Place: Nationwide availability Strategy: Low Cost yet High Quality
Product
Metformin HCl
Product Description
Contents: Metformin HCl Indications: Type 2 diabetes inadequately controlled by diet
and exercise alone. Dosage: Initially 500 mg every 12 hr, dose may be gradualy
increased to a max of 2250 mg daily. Administration: Should be taken with food Contraindications: Renal impairment, CHF requiring
pharmacologic treatment, acute or chronic metabolic acidosis Special Precautions: Elderly, hepatic and renal impairment Adverse Drug Reactions: Anorexia, nausea, vomiting,
diarrhea, lactic acidosis, decreased vit B12 absorption Preparation: In 500 mg and 850 mg tablets
Price
Cheapest drug available in the market
500 mg/ tab = Php 3.09
20-80% cheaper than competitors Average: 43% cheaper
Promotion (Present Strategies)
Advertising: Television, Radio and Billboards
Public Relations: Corporate Social Responsibility
Direct Marketing: Sales Representatives
Health Education Campaigns
Promotion: Ads
Promotion: Video Ads
http://www.youtube.com/watch?v=n1LHtncXXPA&feature=related
Corporate Social Responsibility
Sales Representatives
Health Education Campaigns
Promotion (Personal)
Establish public perception regarding partnership of Unilab and RiteMED through print ads, mass media etc..
+ =QUALITY
andSAVINGS
Promotion (Personal)
Increase awareness of generic drug efficacy through.. Health promotion in local health
centers Mass media Partnership with NGO and LGUs
Promotion (Personal)
Create a Unilab + RiteMED loyalty card
Competitor Promo
Leading Pharmaceuticals with no Anti-DM Products:Leading Pharmaceuticals with no Anti-DM Products:
Pfizer IncWyeth
PhilippinesAstraZenecaBristol-Myers
SquibNovartis
Abott LabRoche
Philippines
Pfizer IncWyeth
PhilippinesAstraZenecaBristol-Myers
SquibNovartis
Abott LabRoche
Philippines
Competitor Promo
Branded medicine competitors have no broadcast media advertisements
Rely only on:-Sales Representatives
-Product Samples-Product Peripherals
-Sponsorship Programs
Competitor Promo: Generic
Place
Available NATIONWIDE
Generic Winning Strategy
Branded + Generic Strategy
Offering quality assurance at the minimum price
+ =QUALITY
andSAVINGS
5 Steps for Part 1
Target Market: Diabetes Type 2 Patients
NWE: Improved health through optimal glycemic control
Choice: Branded vs Generic Gap: Positioning of generic medications Market Size: PhP 2.3 Billion. Niche at
Php 1.2 Billion
5 Steps for Part 2(Marketing Mix and Strategy)
Product: RiteMed Metformin HCl Price: Cheapest in the market (20-
80% cheaper) Promotion: Media, Sales
Representatives Place: Nationwide availability Strategy: Low Cost yet High Quality
(Branded-Generic)
10 Step Marketing Plan
Maria Ellaine Grace K. UyNovember 30, 2011
Metformin