marketing plan on rainbow pasta
DESCRIPTION
This presentation contains marketing plan of a new product development.TRANSCRIPT
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Rainbow Pasta Marketing Plan
Md. Rasel Chowdhury. ID-120104492Tania Akter. ID-120104509
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Executive Summary
Rainbow Pasta will be the leading pasta product in Bangladesh,or with a rapidly developing consumer brand and growing customer base. Ranibow Pasta will invent the pasta experience for individuals, families, and take out customers with discretionary income by selling high quality, innovative products at a reasonable price, designing tasteful, convenient locations, and providing industry-benchmark customer service.
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About Rainbow PastaFeatures
Reasonable and acceptable pricingNutriasAvailable in different sizesStandardized and attractive packingEasy to cockMini Spices Pack
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Situation AnalysisRainbow Pasta is entering the first year of
operation. The product has been well received, and
marketing is now critical to its continued success and future profitability.
The marketing environment for Rainbow Pasta represents overwhelming opportunities.
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Market Research and AnalysisThe total market size of the Pasta and
Noodles industry is about 20 millionPeople are nowadays very much concerned
about the market
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Target MarketHouseholdTeenagersUrban Areas
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Target Market ForecastPotential Customer
Growth Rate 2013 2014
Household 50% 1000 1500
Teenagers 45% 1000 1450
Urban Areas 55% 2000 3100
Total 4000 6050
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Market NeedsSelectionAccessibilityCustomer serviceCompetitive pricing
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CompetitorsColoson MacaroniMaggiCocolaPrince PastaFu WangSajeeb Instant NoodlesDe BolesMami
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Strategies against competitorsTo compete with the major competitors we
can adopt the following measures:Providing the best service to create high
customer satisfactionReasonable and acceptable pricingPromising and providing top quality product
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Company ObjectivesExpand production facility without
compromising product quality.Establish strong sales in the city's major
supermarket chains.Maintain tight control of cost and operation
during expansion.
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MissionQualityValueIntegrity
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PositioningThe product will have the freshest
ingredients.The product will also be developed to enhance presentation, everything will be aesthetically pleasing. We are willing to provide high quality food at low cost so that middle class people can taste our pasta.
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Break even pointBreak-even AnalysisFixes Price: 15000Variable: 20Selling Price: 30
Breakeven Analysis
Breakeven Units 1500
Revenue to Breakeven 45000
Total variable Cost 30000
Fixed Cost 15000
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Sales Forecast
Sales 2013(2000) 2014(2690)
Total sales 60000 80700
Cost of sales(FC+VC) 55000 68800
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Marketin MixProduct
Product variety: Fresh Pasta Egg Pasta Chicken, Vegetable, tomato Pasta Dried Pasta
Quality: Rainbow Pasta uses wheat flour & fresh vegetable extracts. The Pasta flour is rich in quality.
Packaging: Packaging is done using a strong plastic that is does not leak pasta contents.
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PriceList Price: Rainbow pasta list price will be 50
taka. Discounts: There is no discount of Rainbow
PastaPayment Period: Consumer has to pay the
pasta price instantly when they purchase from the sellers.
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PlaceTransport: Consumer can purchase our
product from the next shop.Distribution Channel: In the initial stage, we
will distribute the products with our sole distribution channel.
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PromotionAdvertising: We initially will give more
emphasis on paper ads, magazine, banner ads, and website.
Personal selling Public relations
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ControlThe purpose of Rainbow Pasta marketing
Plan is to serve as a guide for the organization. The following areas will be monitored to measure performance.
RevenueExpensesCustomer satisfactionHow mush product sales in the market
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SWOT Analysis
Strength: High customer loyalty Manufacturing Efficiency Manufacturing Efficiency Excellent staff who are highly trained and
very attentive customer
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Weaknesses
Rainbow pasta name lacks brand equity. A limited marketing budget to develop brand
awareness. New product: because it is unknown to the
customer, Customer little knows about our product.
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Opportunities
Large marketHigh DemandMight have a chance to get subsidies by Govt.
to export.
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Threats
Employees StrikeChanging customer baseTechnological AdvancesNew distribution ChannelsHigh competition in future by copying the
idea
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Critical IssueRainbow pasta is a new product so it is
difficult for us to capture the target market.Customer unaware about our productWe may be face some losses in the first year
of operationIt may be difficult for us to get the customer
satisfaction. It may be happen that are budget not adjust
to the expense.