marketing plan presentation - jl - 04
DESCRIPTION
marketing plan presentationTRANSCRIPT
![Page 1: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/1.jpg)
GROUP 10
Audrey Jolin-LessardAïsha BrillantCindy ChengGeneviève LeblancNicolas MurciaVicki TianJean-Louis Nguyen
Audrey Jolin-Lessard
Cindy Cheng
Nicolas Murcia
Jean-Louis Nguyen
![Page 2: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/2.jpg)
Our Presentation STRUCTURE
![Page 3: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/3.jpg)
Marketing Objectives
Company Profile
What is Bubble Buzz?
Overview of the industry
Competition, Target Market & Customer Analysis
Marketing Mix (4Ps)
Financial Projections, Implementation Plan
Export Potential
![Page 4: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/4.jpg)
Introductory VIDEO
![Page 5: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/5.jpg)
What are our intentions?
Launch and market a completely unseen-before beverage product, in order to achieve the following:
Create strong consumer awareness for Bubble Buzz through the 4 P’s
Become the market leader in the
functional drinks segment through sizeable market
shares
Re-affirm the company’s title of market leader in
product innovation and successful product
launches.
3 MARKETING OBJECTIVES
![Page 6: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/6.jpg)
BubbleBuzzA simple plan to success
![Page 7: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/7.jpg)
Company Description
• 2nd leading player in functional and Asian specialty drinks• 1st in value for the ready-to-drink (RTD) tea sector
![Page 8: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/8.jpg)
Product Description
• It is a bottled beverage• It is the only READY TO DRINK
bubble tea on earth!• It gives you an UNIQUE experience~
(Let’s get the buzz!)• It is a funky and unusual alternative
to traditional tea
![Page 9: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/9.jpg)
Industry Analysis – Where does the product stand?
FOOD & BEVERAGE
SOFT DRINKS
Carbonates
Fruit/Vegetable Juice
Bottled Water
Functional Drinks
Concentrates
RTD Tea
RTD Coffee
![Page 10: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/10.jpg)
Industry Analysis – The Functional Drinks Market
Segments of the functional drinks marketEnergy drinksNutraceutical drinksSports drinksSmoothies (Milk & Juice Drinks)RTD Bubble Tea
![Page 11: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/11.jpg)
Industry Analysis – Soft drink sales breakdown
Off-Trade Sales of Soft Drinks by Sector: Value 1999-2004
C$ million 1999 2000 2001 2002 2003 2004
Carbonates 4,651.40 4,726.30 4,828.20 4,991.10 4,959.60 4,938.90
Fruit/vegetable juice 2,135.20 2,239.60 2,347.00 2,454.60 2,497.60 2,613.10
Bottled water 385.9 447.3 551.2 666.8 763 859.4
Functional drinks 296.7 312.1 318.1 324.7 327.4 342.2
Concentrates 193 186.5 171.3 166.5 159.2 161.9
RTD tea 234 257.4 265 275.4 286.8 307.4
RTD coffee 0.2 0.4 0.6 0.8 0.9 1.1
TOTAL 7,896.40 8,169.60 8,481.30 8,879.90 8,994.50 9,224.10
![Page 12: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/12.jpg)
Industry Analysis - Trends
Only 3.7% of the total soft drink sales. However…
Sales: $342.2 millions in sales in Canada in 2004
Current growth: 13.5% sales increase since 1999
Future growth: 7.3% sales & 11.0% volume increase by 2009.
Consumption: 3.94 Liters per capita, a 4% increase since 1999
Growth and profitability potential due to consumer trends.consumer trends.
![Page 13: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/13.jpg)
Industry Analysis – Consumer Trends
Portfolio diversification through alliances, acquisitions, R&D
Consumer trends that affect the market (past & forecast)
![Page 14: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/14.jpg)
Industry Analysis - Strengths, Weaknesses, Opportunities, Threats
Strengths:Strengths:
Brand name
Strong existing distribution channels
Weaknesses:Weaknesses:
Brand dilution
Saturation of carbonated soft drinks segment
![Page 15: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/15.jpg)
Industry Analysis - Strengths, Weaknesses, Opportunities, Threats
OpportunitiesOpportunities
New product introductions
Brand is attractive to global partners
Threats:Threats:
Strong competition
Free trade
![Page 16: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/16.jpg)
CompetitionOthers, 8.9%
Coca-Cola Co., 43.7%
Pepsi Co., 31.6%
Cadbury-Schweppes,
15.8%
Soft Drink IndustrySoft Drink Industry
![Page 17: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/17.jpg)
Competition
Functional Drink Sector
Coca-Cola Co., 32.8%
Others, 6.7%Pepsi Co.,
60.5%
![Page 18: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/18.jpg)
Competition
Traditional Bubble Tea…
• A battle between retailing vs. counter/restoration
• We have a strong distribution sys ---partnership + channels
![Page 19: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/19.jpg)
Target Market
• Segment ID: RTD bottled bubble tea
• Needs: physiological hydrating & nutritional social a social, fun drink w/n group
• Trends: 1. away from junk foods & carbonated drink2. growing interest for healthier product3. on-the-go products for active lifestyle4. personalization
• Size: 8,688,300 people (10-29 y.o. in Canada) a total of 329,600 L of consumption in functional drink
![Page 20: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/20.jpg)
Target Market
• Geographic: National wide
• Demographic: 10-29 years old
• Psychographic: Brand conscious, popular culture;
• Behavioral : Benefit sought~
Functional– healthier than soft drink Perceptual– Quality/Premium price Usage rate~ Seasonal (peak in summer)
Segmentation Variables & Breakdowns
![Page 21: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/21.jpg)
Bubble Buzz Price: $2Bubble Buzz Price: $2
Consumer demandConsumer demand
The product lifecycleThe product lifecycle
Potential substitutesPotential substitutes
Price strategy should consider the following 3 aspects :
Marketing Mix – Price Strategy
![Page 22: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/22.jpg)
Marketing Mix – Price Strategy
Consumer demand:Consumer demand:
driven by tastes and income;
availability of others similar products;
“The higher the price, the higher the value.”
The product lifecycle:The product lifecycle: the newer the product the higher the price; high profit margin;
Potential substitutes: Potential substitutes: competitors attracted by high profit margin; easy to imitate;
![Page 23: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/23.jpg)
Marketing Mix – Product Strategy
![Page 24: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/24.jpg)
Marketing Mix – Product Strategy
Brand personality:Brand personality: energy, funky, cool, functional, original, funny, healthy, etc.
Product modification: Product modification: introducing an existing beverage but with a more convenient package
Benefits of Green Tea: Benefits of Green Tea: cancer, rheumatoid arthritis, cholesterol, cardiovascular disease, infections, quit smoking, weight loss, etc.
![Page 25: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/25.jpg)
Marketing Mix – Promotion Strategy
Objectives:
To initiate strong awareness about Bubble Buzz throughout Generation Y consumers as well as their parents.
To win market shares over our top functional drinks competitor, PepsiCo.
![Page 26: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/26.jpg)
Marketing Mix – Promotion Strategy
The message:
Bubble Buzz is a healthy drink for sporty and young people who simply enjoy taking care of their body and life. It is a drink for the out-of-the-ordinary individuals who like to challenge themselves
Be Bold, Be Original, Be Different, Be Yourself
![Page 27: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/27.jpg)
Marketing Mix – Promotion Strategy
Target Market:Target Market: Generation Y only give partial attention to media and typically use more than one media at a time. Solution:Solution: Use a great variety of targeted promotional tools.
Media selection: Media selection:
TelevisionRadio Magazines Internet Outdoors Personal Selling Public relations Publicity
![Page 28: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/28.jpg)
Marketing Mix – Promotion Strategy
Television:Television:
•Only media that can reach 99% of the homes in Canada
•We have the budget to cover the high costs
Radio: Radio:
•Over 900 radio stations in Canada,
•Average student is a surprisingly heavy radio listener
![Page 29: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/29.jpg)
Marketing Mix – Promotion Strategy
Magazines: Magazines:
about 500 consumer magazines in Canada,
good color production create strong images,
each magazine’s readers often represent a unique profile.
![Page 30: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/30.jpg)
Marketing Mix – Promotion Strategy
Internet:Internet: official promotional website: www.BubbleBuzz.ca, visual audio and video message,banners on selected websites, Outdoors:Outdoors: low cost and
flexible alternative, campuses, bus, metro, tourist areas, malls, etc.
![Page 31: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/31.jpg)
Marketing Mix – Promotion Strategy
Promotional Mix: Consumer orientationContests:Contests: “Win another Bubble Buzz flavour”, secret code underneath the bottle cap log on the website to win, increase consumer purchases / involvement
Samples:Samples: to avoid product resistance, low risk for consumers since they get it for free.
Point-of-purchase:Point-of-purchase: in supermarkets to reach the parents of generation Y
Product PlacementProduct Placement :: in TV shows in subsequent years,
![Page 32: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/32.jpg)
Marketing Mix – Promotion Strategy
Allowances and discounts:Allowances and discounts: case allowance, encourage retailers to buy more of the product to get a certain amount for free
Cooperative advertising:Cooperative advertising: encourage retailers to buy our product and to maintain high level of advertisement
Advertising:Advertising: pulse scheduling, emphasized before and during summer
Promotional Mix: Trade orientation
![Page 33: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/33.jpg)
Marketing Mix – Promotion Strategy
Intermediary:Intermediary: Push strategy, in order to gain retailer’s cooperation in ordering and stocking the product, personal selling.
Ultimate consumer:Ultimate consumer: Pull strategy: to direct our promotional mix at ultimate consumers in order to encourage them to ask retailers for Bubble Buzz, mass media.
![Page 34: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/34.jpg)
Marketing Mix – Place Strategy
Supermarkets Convenience stores Independent food stores Discount stores Multiple grocers Vending machines Direct sales
![Page 35: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/35.jpg)
Financial Projections Projected Financial Performance
Revenues $597,124.00 Based on sales @ different channel’s price
COGS $214,964.64 Based on weighted average percentage in past data
C.M. $382,159.36 Revenues - COGS
Fixed Costs :
SG&A cost : $113,453.56 Half of the O/H costs estimated, based on past data
Capital expenditures :
$25,676.33 4.3% of revenue, based on past data
Profits $243,029.47 CM – SG&A – Capital expenditures
![Page 36: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/36.jpg)
Pre-launch preparation:
Focus on organising resources to implement the Bubble Buzz.
Go / No-Go stage: should we continue product implementation ?
Launch:
April 1st Bubble Buzz is freshly on the shelves (no joke) !
Advertising campaign through promotion schedule.
Post-launch (monitor and control):
Assess feedback from sales revenue, and customers.
Maintain positive dynamic by training managers & staff, and by upgrading the web site.
Implementation Plan
![Page 37: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/37.jpg)
“Step by Step”: Advertising campaign:
Create awareness of the brand
Reach target market (10 – 29)
Develop mass consumption
Enhance distribution
Charismatic and ethical sponsorship
Suggest excitement about the brand
Maintain communication with media
Promotion Schedule
Step Output Period of time
1 Personal selling February to September
2 Radio spots February to April
3 Magazines ads Mid-March to June
4 Television spots April to September
5 Sample distribution April to September
6 Point of purchase April and September
7 Outdoors May to September
8 Public Relations May to September
9 Contest August to end of September
10 Publicity All the time
![Page 38: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/38.jpg)
Export Potential
Close to the origin of bubble tea---Taichun, Taiwan in 1983
![Page 39: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/39.jpg)
Export Potential
**China’s Picture
**Population picture/chartChina--- total 1,313,015,000 in 2005 target market= 327,714,000Canada--- total 304,453,000
Where?
![Page 40: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/40.jpg)
Export PotentialWe are the top sponsor for
2008 Beijing Olympic
** Sample of banner to be put around arena
![Page 41: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/41.jpg)
Export Potential
---Entry Strategy---
Licensing!
![Page 42: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/42.jpg)
Export Potential
---Some Changes--
**Price
**Name
**Flavor
**Promotion strategy (Billboard, outdoor display screen, ads in subway sys)
![Page 43: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/43.jpg)
Export Potential
• Ads around public transportation---
SUBWAY
![Page 44: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/44.jpg)
Export Potential
• Ads around public transportation---OUTDOOR DISPLAY
![Page 45: Marketing Plan Presentation - JL - 04](https://reader033.vdocument.in/reader033/viewer/2022061116/546537beb4af9f6f4b8b468c/html5/thumbnails/45.jpg)
Conclusion
Jean-Louis’ conclusion and call for questions