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PRODUCT LAUNCH
MARKETING PLAN
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EXECUTIVE SUMMARY
The product, Goodness Juices, is a new and an innovative product that is to be
launched in Karachi on a consumer level. The product is based on the
goodness of red / orange carrots which encompasses all the natural ingredients
of the carrot itself.
The concept behind the product is that in an under-developed juices market
like that of Karachi, the Goodness juices can create a new concept of juices as
a drink that can cater to the people having numerous deficiency of vitamins
and people who in general want to avoid such deficiency. The product is
enriched with Vitamin A, E, B-complex, other nutrients and anti-oxidants.
People who have a deficiency on anyone of the above aspects are sure to use
our product and will be satisfied because of the taste, quality and the quantity
being offered at the given price.
The specific market of the product is the group of people who are in uppermiddle and upper income group, have a lifestyle of health consciousness and
need to improve their mineral and vitamin deficiency. The specific group of
people who are expected to use the product are surgical recoveries, athletes,
people who have or want to avoid cancer, low fertility, weak eyesight and
dermatological problems; women who are in or have been in labor, people
who are looking for a refreshing juice with all the major vitamin contents and
for those mothers and house wives who want to protect their families from
diseases. Hence the scope of the target market is very wide and is expected to
reach the focus market by and large.
The product is a fairly new concept in the market as far as commercial
production of the carrot juice is concerned. The product is made out of the
following ingredients:
Carrot pulp
Aqua
Vitamin A and E
Preservatives
The product has been identified to carry the following attributes:
Vitamin A & E
Carrot fibers to increase the blood production
A delicious nourishing beverage for all members of the family at all
times and it should be an important part of the diet in cases of illness
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The major benefits that will encompass the Goodness Carrot are as follows:
Vitamin A diagnoses the deficiency of blindness, kidney and growth of
bone and teeth.
Vitamin A is soluble in fat but not in water hence it reacts in blood and
does not dissolve in body fluids.
Vitamin E complex plays an important part in building vital health and
prevention against the growth of Cancer tissue.
The extract of carrot provides you the daily requirements and ads to the
surplus accumulated to meet any emergency.
It not only protects you from illness but also to provide you with day to
day food requirements to make you healthy with perfect diet for your
body.
Because the product is at its initial stage, the product will require a sufficient
amount of advertisement and also be priced accordingly. At this level, the
product is not priced too high but the increase in the cost of production is
expected because of the increase in the prices of raw material .i.e. carrots.
The product will be promoted first through hospitals to create awareness
among the target market esp. in-patients and out-patients. The product will
then be advertised through out Karachi from TVCs, newspapers .esp. Dawn
and Billboards. This way we will target the consumers from two sides, the
back side that is through hospitals and from the front through direct
advertisement and promotion.
As with the promotion, the distribution of the product is divided into 2 phases.
Phase 1 will be initiated with the launching of the product to hospitals esp.
private hospitals. This way the product will win the confidence of the medical
staff and thus goodwill will be established. In the Phase 2, the product will be
launched in the retail market so that the awareness already created by the
medical institutions will be an adding factor to the sales of the product. Here
the company will embark on the advertisements and promotion using TVCs,
print advertisements in newspapers esp. Dawn and through billboards. The
company is planning to use Shahid Afridi, an international grand slam cricket
player and top seed of Pakistan, as the promoter for the product. The company
also plans to use Jehangir Khan, the squash champion from Pakistan, at later
stages of promotion.
The Goodness Carrot will be priced at Rs.20/- per 250 ml in a Tetra Pack
while the family pack of 1 liter will be priced at Rs.60/-. This price structure is
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competitive as the Nestle Juices offer their product at Rs.25/- per 200ml and
Rs.80 per liter.
The firm is expected to take a market share of 60% to 70% during its first 6
months of launch. The first 3 months will be used to conduct Phase 1 while
Phase 2 will be implemented after that.
Seeing the future, it is without a doubt that the product will be successful in
achieving its objectives. The company also plans to introduce juices like
Coconut, grapefruit, tomatoes and other innovative products.
Patient I am sick".
Physicians responses:
3500 years ago - "Here eat this root"
2500 year ago - "That root is heathen - say this prayer"
150 years ago - "That is superstition - drink this potion"
50 years ago - "That potion is snake oil - take this pill"
15 years ago - "That pill is no good, take this antibiotic"
Today - "that is not natures way - here drink this root"
Product Launch Report
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TABLE OF CONTENTS
Introduction
Situation Analysis
Environmental Scanning
Industry Scanning
Goodness
Economic Analysis
SWOT Analysis
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Marketing Plan
Objectives
Market Segmentation
Target Market
Marketing Mix
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Summary
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Sales Forecast
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INTRODUCTION
We are designing a product for health conscious people. Our brand name is
Goodness and the product name is Goodness Carrot juice. This is product
concept is totally a new one in the local market. This product does not concern
with the existing Product. The juice has the extracts and fibers of carrot because
it contains many advantages for human body.
A large number of people- in all walks of life-suffering from various ailments
have found that the inclusion of carrot juice in their diet has greatly improved
their health. Countless others have found it to be a valuable "protective" agent
in the building and maintenance of health in both children and adults, while its
delicious flavor makes it popular with all members of the family as a beverage
-plain or combined with other juices. Carrot juice is one of the richest sources
of vitamin A that can be used in the daily diet. It also ranks high as a source of
the other vitamins, especially those of the B complex. Its mineral content is
equally rich.
As vitamin A can overcome the deficiency of blindness, kidney and growth of
bone and teeth, it can also be useful to expected mothers as they can use it in
their regular diet during pregnancy. Vitamin A is soluble in fat but not in water.
Consequently, surplus vitamin A is not lost in the body fluids, such as urine,
perspiration, etc., but is stored for future use.
The Food and Nutrition Committee of the National Research Council has
established a scale for the minimum daily requirement of vitamin A as follows:
Who
Children under 1 year
Children 1 to 12 years
Adolescent girls & boys
Adults - men and women
\
The above scale is based upon the minimum required to prevent deficiency
diseases and does not provide the necessary surplus required for full health.
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SITUATION ANALYSIS
ENVIRONMENT SCANNING:
The product offered by the firm will be moderately priced so that it
INDUSTRY SCANNING:
The market for juices in general and carrot juice in particular is not a
EXISTING COMPETITORS:
o The following are the existing major although not direct
competitors of the firm in the local Pakistani market, as none of
them have started to produce carrot juices.
NESTLE JUICES:
Nestle Juices (priced at Rs.25/- per 200 ml and
Rs.80/- per Liter) are expensive compared to the
other juices in the category, but the fact that puts
them on top of successful brands is the goodwill that
the word Nestle has attached with itself.
A trusted brand name.
Good financial track record.
An excellent supply/distribution network throughout
the country
Marketing innovations.
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GOODNESS:
The firm Goodness is a new entrant in the market and likes to
introduce its first product in the category of health juices. The firm uses
carrots as its main ingredient and hopes to create the awareness about
the health benefits that carrot has in the form of vitamin A, E and B
complex.
The company wishes to launch its product first through Karachi then as
the increase in demand, the firm will penetrate its product in Islamabad
and Lahore.
Goodness will launch active advertisement campaign throughout
Karachi to create Brand Awareness among its target market. The firm
also plans to get in touch with the medical institutions to achieve
awareness throughout its focus market.
ECONOMIC ANALYSIS:
Measured by purchasing power, Pakistan has a 30 million strong middle
incomes. The trend is evident that more people will look for specialized
products in their health care as their income level increases.
Goodness therefore, in anticipation of this trend, targets the upper-
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SWOT ANALYSIS:
In order to see the probable chances of success or failure in the market, the
SWOT analysis of the product has been done which identifies the major
external and internal prospects of the product being worked for:
POTENTIAL INTERNAL STRENGTHS:
Because the idea is a product new to the market, the investors are
willing to invest in the idea of a juice that is beneficial and has a
great potential to grow in the local market.
POTENTIAL INTERNAL WEAKNESS:
As the concept of a product like this one is relatively unknown to
the consumers in Pakistan, the firm will have to work very hard in
order to communicate the value to the people esp. the masses of
the target market. If the value and the brand image are not
communicated to the target market appropriately, it might be a
major weakness and a potential threat to the existence of the firm.
The distribution network of the firm is still relatively low
compared to its competitors so the firm might have a tough time
in getting the sales to pick up in the first 2 months of the product
launch. This will be overcome by using hospitals, sports clubs
and other institutions relating to physical health as the main
source of creating awareness about Goodness and its multiple
benefits.
POTENTIAL EXTERNAL OPPORTUNITIES:
As the juice is supposed to be full of vitamins and other healthy
fibers, the juice is expected to be popular among its target market
(viz. surgical recoveries, athletes, diet conscious people and
women during / after pregnancy).
Because more and more people are getting aware of the benefits
of natural ingredients and the already good-will established by the
name Carrot, which are recommended by doctors to optical
patients and cancer preventives, the popularity among health
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MARKETING PLAN
MARKETING OBJECTIVES:
The firm will market Goodness through out the Karachi city to achieve the
following objectives:
Create awareness of carrot juices
Influence the buying process of the consumers by targeting their health
needs
Create a brand image and brand recognition of our own.
Develop a market that is uncultivated and to reap the maximum benefits
out of it.
To achieve a market share of 60% - 70% during its first 6 months of
launch
Build confidence with the hospitals and other medical organizations so
as to work with them in the future to develop innovative products.
Try to deliver to the target market the health juices that they require and
are also beneficial for their physical health.
MARKETING SEGMENTATION:
We have segmented the market on the basis of the following characteristics:
GEOGRAPHY:
The geographical region that we have chosen is Karachi. As the land is
close to the sea, the eating habits include seafood (a major component in
cancer prevention) in the diet of majority of upper middle to upper
income group.
GENDER:
The product is actually targeted for both the males and the females
although the female will be esp. using the product during or after they
have gone through labor.
INCOME LEVEL:
The target markets of the Goodness Carrot are the people who are in the
upper-middle to the upper income level group. Although the product is
in the range of middle-income people too, it is the upper income level of
people that the firm expects to achieve its maximum profits from.
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PERSONALITY ISSUES:
The people who are expected to use this product are from a moderate
social background that are conscious about their health needs and are
sophisticated to understand the benefits of the Goodness Carrots.
AGE:
No specific age structure is defined as the product is of equal benefit to
people of all age groups. Although people of older age will be benefited
highly by using this product as it has got a huge amount of vitamins and
nutrients to decrease rate of old age affect.
TARGET MARKET:
Having segmented the market into the appropriate consumer characteristics,
we have narrowed it down to define our target market:
Surgical Recoveries
Athletes
People with / avoiding weak eye sight
People with / avoiding cancer diseases.
People with / avoiding low fertility problems
People with / avoiding dermatological problems
Mothers for their children and family
Women under / after labor.
People looking for a refreshing drink with all the essential vitamins.
People with old age nearing by.
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MARKETING MIX
PRODUCT:
INGREDIENTS
Vitamin A & E
Carrot pulp
Aqua
Preservatives
ATTRIBUTES
Vitamin A & E
Extracts Of Carrots
Our product is a delicious nourishing beverage for all members
of the family at all times and it should be an important part of the
diet in cases of illness
BENEFITS
Vitamin A diagnoses the deficiency of blindness, kidney and
growth of bone and teeth.
Vitamin A is not soluble in body fluids hence it doesnt loose its
effects while being digested.
Vitamin E complex plays an important part in building vital
health and prevention against the growth of Cancer tissue.
The extract of carrot provides you the daily requirements and ads
to the surplus accumulated to meet any emergency.
It not only protects you from illness but also to provide you with
day-to-day food requirements to make you healthy with perfect
diet for your body.
PRODUCT LIFE CYCLE:
Goodness Carrots is currently in the introduction stage in the
product life cycle but we will promote it to growth stage through the
private hospital at the start by making or adding it in their patients
daily diet. Because our product is for upper middle class, the private
hospitals is perfect place for its introduction and after its successful
introduction we will test it for 6 months on the private hospitals
platform and then after having its demand through patients we will
introduce it in the market by making adequate promotions through
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print and electronic media and also through billboards and signboards.
We will also arrange programs and seminars and advertise our product
through sports personalities & athletes.
COMPETITIVE EDGE:
As the product is full of vitamins and other healthy fibers of carrot,
the product is a unique one in this market and has the potential to
supplement other juices from the diet of the target market. It has the
potential to grow among their competitors who are not providing the
level of liquid diet for the target market and vegetable extracts for the
health conscious people.
PROMOTION:
The basic and main promotion would be conduct through Hospital in start and
after with the three moths of product success it would be promoted through the
print and electronic media and would be available throughout Karachi for
health conscious people. It will also be advertised in the leading newspapers
and magazines as the health related people are keen to read newspapers and
magazines it will also advertise as it say through electronic media and with the
help of sports personalities and athletes. The following are the approximates of
print and electronic media advertisement for the product:
1. Print Advertisement (for promotion in hospitals)
10,000 hand pamphlets with full of colors will cost of Rs.25,000/2. TV Commercial for Pakistan Television
Prime time TVC for 15 second will cost Rs.65000/ Khwateen time 9 - 10 morning 15 second TVC will cost Rs.45, 000/3. The Sign Boards
Large size of 20 X 10 at Shahrah-E-Faisal
Rs.350, 000/- for a year
Rs.70, 000/- to 80,000/- on monthly basis.
Large size of 45 X 15 at Shahrah-E-Faisal
Rs.450, 000/- to 600,000/- for a year
Rs.120, 000/- to 140,000/- on monthly basis.
Large size of 60 X 80 at Shahrah-E-Faisal
Rs.5000, 000/- for a year
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PRICING:
The price that we will set on the product is Rs.25/- per 250ml pack and Rs.60/per liter. This price is ideal to introduce in the market as other products. Nestle
is charging Rs.25/- per 200 ml while the liter pack is for Rs.80/-.
Hence the pricing strategy that we are using is in accordance to the quality of
the product as well as the quantity. As the product is premium priced, it has a
sense of quality to it.
DISTRIBUTION:
The Goodness will be initially launched for the markets of Karachi. It will be
distributed directly from the company to the relevant hospitals, health clubs
and other medical institutions that cater the physical health needs of the
people.
As the main hospitals in Karachi are privately operated, we will be very
careful to market the product to these institutions and to win there support.
Moreover, the distribution channel will be direct for the initial launch of the
product so as to build confidence of the buyers in the Goodness Juices. Once
the product sees an increase in the demand, we will allocate especial sales unit
which will be responsible for the sales and distribution network of the product
and will be receiving constant feedback from the end users, through hospitals
regarding the improvement in the product.
To win the confidence of the medical institutions and health clubs, we will
offer them an initially lower price then the one which is to be retailed later in
the local consumer market.
We would also invite them to a seminar on the benefits and concerns of carrot
juices and similar natures Goodness that is needed in a market like Pakistan
where almost half the population suffers from malnutrition due to some
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Hospitals
Goodness
Health
Patients
institutions
Product Launch Report
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Consumer Feedback
PHASE 2:
The 2nd Phase will be implemented after Phase 1 is successful. Here the
product will be made available through out the region of Karachi on retail and
wholesale stores. Here the consumer price will be Rs.20/- per 250 ml. and the
family pack for 1 liter will be introduced at a price of Rs.60 per liter pack.
Goodness
Goodness
Hospitals
Wholesale Store
Retail Store
Consumer
Consumer Feedback
SELECTION OF TRANSPORTATION MODE
For transportation of juices to the hospitals the company will use its own vans
and other vehicles. For further distribution to retailer the distributor of each
area uses its own vehicles. For the carrot collection the company has their
own tankers, which are made of special material to maintain the quality of
juice.
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SUMMARY
Goodness Juice, after the entire Marketing plan to introduce this innovative
product in the local market of Karachi where there is a great scope for the
product to have a perfect introduction, growth stages of product life-cycle.
This product has the entire formula for the investors to invest in this unique
idea of introducing a juice with the extracts of Carrot pulp, Vitamin A and E
and will be beneficial for those who have any medical problem or who want to
avoid any these type of problem. As it is the product is recommended by the
doctors and dietitian because the product is enriched with Vitamin A, E, Bcomplex and other nutrients and anti-oxidants. People who have a deficiency
on anyone of the above aspects are sure to use our product and will be satisfied
because of the taste, quality and the quantity being offered at the given price.
As it is described in the promotion plan that the product will be launch through
2 phases, will get the attention of general public of Karachi easily as our
introduction will be conducted through famous private hospitals of Karachi.
The idea of introduce this product in an intense competitive market where it
has to face the competition from Nestle and Shezan, it will get the trust and
goodwill of the doctors and researchers and will easily get the confidence of
the target market easily. After the introduction stage which is the first stage the
Goodness is planned to acquire market share of 60 to 70% during its first 6
months of launch then it will be made available through out the retail and
wholesale store of Karachi and with it adequate promotion will be conducted
through print and electronic media. The firm is also plan to promote the
product through famous sports personalities and athletes.
As, it is said above that our product had to face intense competition from two
main products in the local market segment of Health Juice that is Nestle and
Shezan, the factor that puts Goodness above the competitors is the natural
extracts of vegetables in it with high amount of nutrients in it. With high
quality and fairly priced as compared to the competitor, it will give the idea to
the target market of the product.
The distribution strategy is planned as having a good start in the Karachi will
increase our demand which will be checked periodically and also the Quality
and Research work will push to start working on the other two sector of
Islamabad and Lahore and also to come up with the new flavors and extracts
of vegetable and fruits i.e. Coconut, Grapefruit or maybe Tomatoes. So, it is
confidently say that the future aspect of Goodness Juice is secure as this
product will come up with the new and unique concepts in its focused and
target group and might expand its target market when the need is felt.
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10,000 hand pamphlets with full of colors will cost of Rs.25,000/ TV Commercial for Pakistan Television
Prime time TVC for 15 second will cost Rs.65000/ Khwateen time 9 - 10 morning 15 second TVC will cost Rs.45, 000/ The Sign Boards
Large size of 20 X 10 at Shahrah-E-Faisal
Rs.350, 000/- for a year
Rs.70, 000/- to 80,000/- on monthly basis.
Large size of 45 X 15 at Shahrah-E-Faisal
Rs.450, 000/- to 600,000/- for a year
Rs.120, 000/- to 140,000/- on monthly basis.
Large size of 60 X 80 at Shahrah-E-Faisal
Rs.5000, 000/- for a year
Rs.350, 000/- on monthly basis.
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More bill boards are to be placed in different important areas of cities and use
electronic media to promote the product and boost its demand.
Different festivals and events are going to happen in upcoming months for
creating awareness and getting new customers.
To make sure that employees remain motivated to perform at their best level
they have to attach different attractions and rewards.
Contingency plans must be present for dealing with the changing market
situation and to choose an alternative plan in case of serious troubles.
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