understanding customer project: colgate toothbrush

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MARKET CONSULTING PROJECT TOOTHBRUSH TEAM 10 Leybis Flores Anchulee Arunsamphan Russell Dalal Gaurav Yadav Omar Sherif Eduardo Pujol

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Page 1: Understanding customer project: Colgate toothbrush

MARKET CONSULTING PROJECTTOOTHBRUSH

TEAM 10

Leybis Flores

Anchulee Arunsamphan

Russell Dalal

Gaurav Yadav

Omar Sherif

Eduardo Pujol

Page 2: Understanding customer project: Colgate toothbrush

Outline

Company Profile

Market segments and Customers

Market Research: Toothbrush

Key Findings

Solutions

Marketing Strategy and Recommendations

Page 3: Understanding customer project: Colgate toothbrush

Company profile

Global company serving consumer

products in more than 200 countries

and territories

Leader of Oral Care product:

44% Market Share of Toothpaste

35% Market Share of Toothbrush

Russell

Page 4: Understanding customer project: Colgate toothbrush

Customer vs. Consumer

Retailors

Wholesalers

Retailors

Distributors

CUSTOMER CONSUMER

Direct

Indirect

- B2B transaction: directly to retailors and selling through distributors

- BUT develop products based on consumer’s needs

Gaurav

Page 5: Understanding customer project: Colgate toothbrush

Market Segmentation

Behavior

Demographic

Geographic

Benefits: Sensitive teeth, whitening and tongue Cleaner Manual toothbrush VS Electric toothbrush Soft bristles VS Hard Bristles

Age: Adults and Kids Income: Divide the products based on price range

- Super Premium- Premium- Mid-Price- Value

The offerings are placed based on the customer behaviors of each region.

Gaurav

Page 6: Understanding customer project: Colgate toothbrush

MARKET RESEARCH :

TOOTHBRUSH

Page 7: Understanding customer project: Colgate toothbrush

Insights

Decision making process:

1) Brand

2) Price

3) Dentists

4) Quality

• 46% prefer Colgate

• 57% prefer Soft-toothbrush

• 99% make In-store purchases

76 Responses

Brand-related

Page 8: Understanding customer project: Colgate toothbrush

Insights

Behavior-related

• 64% brush less than 3 times a day

• 63% do not use it after meals

• 34% replace it after 3 months

User-related

• 47% are concerned about bacteria

• 31% do not realize about the wear and tear

• 22% have oral health problems (sensitivity)

Page 9: Understanding customer project: Colgate toothbrush

Every month17%

Every 2-3 months

49%

Every 4-5 months

22%

More than 5 months

12%

How often do consumers replace their toothbrush?

Key findings

Problems:

Growth opportunity:64% of consumers brush their teeth less than 3 times a day

34%More than

50% are not

aware of Bacteria

Accumulation 31% do not

notice Wear

and Tear

Why consumers change their

toothbrush?

Page 10: Understanding customer project: Colgate toothbrush

Key findings

Consumers expect:

“Reminder to replace it.”

.

“Protection from bacteria

accumulation.”

“Soft and effective.”

Page 11: Understanding customer project: Colgate toothbrush

Solutions

“Soft and effective”

Charcoal helps prevent “bacteria accumulation”

Fading color acts as a “reminder to change it” (2 months)

Less than 0.01mm fine bristles:

“A deep clean for better gum health”

Colgate Slim Soft Charcoal

Introducing

In the U.S.

Page 12: Understanding customer project: Colgate toothbrush

Market Strategy

Product

Mar

ket

Existing New

Exis

tin

gN

ew

Market

Penetration

Product

Development

Market

DevelopmentDiversification

Marketing Campaign:“Forget about bacteria, I’ll remind you when to replace me.”

Product: Colgate Slim Soft Charcoal

Price: - Single Pack $4.99

- Twin Pack $7.99

Place: Retailors – Supermarkets,

Convenience stores,

Pharmacies.

Promotion: - Twin Pack 2+1

- POPs

- Digital Media

Page 13: Understanding customer project: Colgate toothbrush

Insight Recommendations

Introduce Charcoal SlimSofttargeting U.S. market according to the behavior: Single

and Twin Pack, $5.

Create awareness about: Brush teeth more often and bacteria accumulation

Clear positioning:Avoid miscommunication. Clear message

Page 14: Understanding customer project: Colgate toothbrush

THANK YOU