Professional Documents
Culture Documents
INSTRUCTOR:
MAGDALENA REGIONAL
APRIL 2020
PROJECT PRESENTATION IN ENGLISH LANGUAGE
INSTRUCTOR:
MAGDALENA REGIONAL
APRIL 2020
INTRODUCTION
The following report puts into practice all the knowledge so far understood to apply to a
project of creating a clothing brand and thus be able to carry out the entire process to bring
it to life, know how to make it remain in the market, strengthen it before the competition and
satisfy the market. Likewise, this study reveals the economic, demographic, and
technological conditions that lead us to be able to apply excellent marketing.
The data obtained through the survey, a tool used to collect information, gave excellent
results to be able to do all the work and identify problems in the current market. With the aim
of being able to do business and solve unemployment problems, I came to be able to
propose a possible solution shown in the conclusions.
JUSTIFICATION
The inhabitants of the city of Ibagué mainly, are not satisfied with the designs and the quality
of clothing for their children that is currently on the market, it is being emphasized in children
from 0 years old to 12 years old, for in start this market with the company PLAMUS Kids,
who is thinking about this market that is not satisfied and wanting to take advantage of the
new needs and demands of the current market, since people do not have much time to go
shopping, so they want to implement An App application so that the parents, who are the
ones who buy these clothes, can do it from the comfort of their home, taking into account
that they are looking for quality in the garments and the care they want to receive,in this
way, reaching everyone through the Internet and distributing children's clothing of excellent
quality and at prices that compete in the current market with recognized brands such as
Offcorss, EPK and Babyfresh.
All this will be done according to the analysis and interpretation of the surveys that were
carried out, since it takes into account what parents want in relation to their children's
clothes, their preferences, tastes and frequency of purchase.
PROBLEM STATEMENT
The present work tries to respond and contribute information to satisfy the market need.
What are the different brands that exist in the market failing? The question tells us to know
and know the failure of these brands and to be able to solve them to reach more customers.
Know and analyze the impact of the project and all the tools carried out.
OVERALL OBJECTIVE
SPECIFIC OBJECTIVES
Design and apply the survey as an information gathering technique to find out the
tastes and preferences regarding children's clothing.
Analyze and interpret the data collected through the survey designed to know the
intention of buying PLAMUS shirts.
Investigate how the current textile market is doing to identify the appropriate
marketing techniques for product distribution.
Define the target market through the information collected through the survey, to
implement current technological tools such as applications and the Internet and
make good use of natural resources.
Analyze and identify the internal and external variables that affect the project through
the analysis of Porter's five forces.
Macroenvironment
The macro-environmental factors affecting the clothing industry are those found outside of
small businesses and their competitors. Business owners have less control over these
external factors, and their impact when changing them is minimal. Instead, small businesses
must adapt to these macro-environmental factors, which are the characteristics of the
consumer, technology, government influence, and the economy. How small businesses
adapt to these factors determines both their ability to differentiate themselves from their key
competitors and their overall success.
Consumer factors
Technological factors
The technological micro-environmental factors that affect the clothing industry are the
availability of resources, demand and production. For example, a shortage of certain
materials, such as leather, may force retail and wholesale clothing companies to sell more
faux or substitute leather products. Retailers can increase cotton clothing prices if there is a
shortage of this raw material, as they must pay manufacturers more. The introduction of new
clothing styles by a competitor may displace the demand for old fashions. Therefore, a small
clothing manufacturer may have to suspend some clothing lines and produce new ones that
meet the needs of consumers. On the other hand,
Legal and political factors
Small businesses in the apparel industry are affected by a number of legal and political
macro-environmental factors. The industry has been repeatedly affected by issues such as
workers' rights and child labor laws. The Union of Garment Manufacturing Plant Workers
can organize pickets for their employers, especially if their wages or medical benefits are
less favorable than those of other workers in the same industry. Workers' pickets to their
employers impact production. This can cause delays for retailers to get spring or fall models
on time. Activists who are not employed by retail companies can also picket those who buy
clothes from countries known to violate child labor laws. This negative publicity could affect
the sales and profits of small clothing retailers. In addition, a trade embargo against imports
from another company would force clothing wholesalers to find different suppliers.
Economic factors
Economic factors can have both positive and negative effects on the clothing industry.
During periods of economic boom, people have more income. Thus, they can buy more
clothing, increasing sales for clothing manufacturers, wholesalers, and retailers. However,
recessions have the opposite effect. The sale of the various clothing items may be
significantly lower. Consequently, retailers may have been left with large amounts of
inventory. And they may have to sell clothes at substantially lower prices. Clothing
manufacturers and retailers may also have to sell branded clothing at low cost to compete
with more generic brands. Consumers often buy cheaper brands when they have less
disposable income.
Demography
According to the population projections published by DANE for 2018, a population of
564,076 inhabitants is estimated in the municipality of Ibagué, of which 533,351 people
reside in the municipal capital (95%) and 30,725 people reside in the rural sector. (5%).
Population projections indicate that for 2017, 51.44% of the inhabitants are women
(287,445) while 48.56% are men (271,360).
37.63% of the population of Ibagué is between 29 and 59 years old (adulthood), followed by
the population between 18 and 28 years old (young), with 19.05% Illustration 2. Population
structure
In other words, the fact that the base of the population pyramid for 2018 is smaller than in
previous periods reflects that births in Ibagué have decreased compared to 1985. This
phenomenon generates an aging population in Ibagué, as reflected in the top of the 2018
population pyramid.
In the city of Ibagué, there is a problem in which people are a little fatigued due to their
inconspicuous designs, prices, quality, and they no longer like to leave the house to buy
clothing for their children, since they find the internet more comfortable.
This is due to the excessive clothing brands that seek to get money without even knowing
what people are looking for and therefore everything is full of boring clothes and people have
to buy something that they do not like 100% or prefer imported clothes.
Entrepreneurs sometimes do not know how to reach the market and satisfy it completely, so
they can fall into problems of creativity, quality prices and this leads to the market getting
out of hand leading the competition to take advantage of this.
Customers need excellent quality products to stay with a brand and this leads the company
to growth and employees to desired satisfaction.
The present work tries to respond and contribute information to satisfy the market need.
What are the different brands that exist in the market failing? The question tells us to know
and know the failure of these brands and to be able to solve them to reach more customers.
Know and analyze the impact of the project and all the tools carried out.
Conceptual framework of the study
People are recharged with monotonous garments of low quality and high prices, so they
resort to foreign markets leaving all the local productive effort adrift. One of the
characteristics of the market is the need to be fashionable at a good price. These people
and these local businesses don't connect very well; A clear example is the mass
consumption of certain brands such as Offcorss that have a design group that works almost
24 hours a day.
The market begins the game to design actions to meet the needs of people. Since in the
investigation we see that the community does not have an active participation in the process
or in the results.
It is crucial that the community participate, since it is the community itself that decides
whether to buy the brand or not, it is they who can provide a lot of information about the
needs and how to solve them. For this, the survey was implemented to learn and know what
they need and want. Thus developing skills and opportunities to identify problems, needs,
define priorities, and formulate proposals from the perspective of clothing.
Therefore, it will allow knowing the market conditions and the responses of the community,
not only through the data collected with the tools used, but also through the community's
own perception. It should be emphasized that the most important thing is not for the
community to express correct statements or not about the causes and development of their
problems or needs, but to know their interpretation, in order to invest more in market
research and understand the context where they give these statements.
The inhabitants of the city of Ibagué mainly, are not satisfied with the designs and the quality
of clothing for their children that is currently on the market, it is being emphasized in children
from 0 years old to 12 years old, for in start this market with the company PLAMUS Kids,
who is thinking about this market that is not satisfied and wanting to take advantage of the
new needs and demands of the current market, since people do not have much time to go
shopping, so they want to implement An App application so that the parents, who are the
ones who buy these clothes, can do it from the comfort of their home, taking into account
that they are looking for quality in the garments and the care they want to receive,in this
way, reaching everyone through the Internet and distributing children's clothing of excellent
quality and at prices that compete in the current market with recognized brands such as
Offcorss, EPK and Babyfresh.
All this will be done according to the analysis and interpretation of the surveys that were
carried out, since it takes into account what parents want in relation to their children's
clothing, their preferences, tastes and frequency of purchase, in order to also develop the
corresponding marketing plan, with its respective tools and strategies to generate a positive
and required impact on society, carry out the project and apply it for its respective forecast
and sales budget
Determine and know the tastes, preferences, intention and frequency of buying
children's clothing in the city of Ibagué, in order to meet the unmet needs of
consumers and subsequently develop market management for the marketing and
distribution of clothing. dress for children.
Know the tastes and preferences regarding children's clothing, observing the
frequency of purchase.
Analyze and interpret the data collected through the survey designed to know the
intention of buying PLAMUS shirts.
Investigate how the current textile market is doing to identify the appropriate
marketing techniques for the distribution, sale and marketing plan of the product.
Define the target market through the information collected through the survey, to
prepare the marketing plan and implement current technological tools such as
applications and the Internet and make good use of natural resources.
Know the acceptance of the product by the target market, for the realization of the
forecast and the sales budget.
Study hypothesis
Thanks to market research, my company PLAMUS will be able to compete with large
companies and clothing brands, meeting the needs of the most important customers.
Taking into account the needs and disagreements of people, we are able to reach and fully
cover the market.
We know that designs and research are very important, and with the help of a survey that
reaches many people, we can know what to do and how to carry out the research.
The shortcomings of other brands, their problems and conflicts in the market are
opportunities for PLAMUS so we can make the most of our tools and dominate the children's
fashion market, and compete with large national and international brands to reach the point
of exporting our products.
The people who were surveyed, revealed some key aspects to carry out the investigation.
A small number of people, but helped carry out the project, the main point was children's
clothing and people looking for and whether they are satisfied.
CONCEPTUAL
Garment Quantity
DIMENSIONS
Garment quality: good fabric quality, designs and quality control.
INDICATORS
Garment quality: Price of fabrics that are of excellent quality, designs that are booming and
market taste and quality control to make them optimal garments.
Information sources.
Information Sources: They are all those means from which the information comes, that
satisfy the needs of knowledge of a situation or problem presented, which will later be used
to achieve the expected objectives. According to their origin, they are classified into: Criteria
to consider when designing the information collection tool Primary sources. Secondary
sources.
Primary sources are those in which the data comes directly from the population or sample
of the population. Secondary sources are those that start from pre-prepared data, such as
data obtained from statistical yearbooks, the Internet, the media.
Primary source of information, the survey was used as the primary source since it had
contact with the people who are the ones who buy the product, it was possible to know what
the market needs and some failures of the companies that are in the market. They gave
some points to take into account, such as people looking for quality at a low price and others
who prefer certain brands regardless of price, as they have excellent designs and
impeccable quality.
Secondary sources, analyzing the first sources of information, in this case the survey whose
tabulation and graph were used to obtain measurements based on equations to detect an
important value from each question and thus be able to continue with the research project,
these graphs showed the levels preferred by customers in some brands of children's
clothing.
Information gathering techniques.
The information gathering technique for the present project is carried out by means of a
quantitative investigation based on the elaboration of an information gathering instrument
(survey), this being an information gathering technique that allows knowing different aspects
of the possible clients, who in this case are mothers and both fathers who choose clothes
for their children.
The survey is designed with the objective of determine and know the tastes, preferences,
intention and frequency of buying children's clothing in the city of Ibaguéand its application
is started through the Googgle Docs forms. The survey consists of 12 questions that are
addressed to the study population, in this case to the parents of the city of Ibagué. The
survey was conducted with a clear objective and had a short duration, the questions are
designed so that they are understood and respondents do not hesitate to answer. There
were a total of 25 surveys that were classified and coded for their respective analysis.
The following survey aims to know the tastes, preferences and frequency of buying
children's clothing. *Required
Weekly
Monthly
Biannual
Other:
2) The sizes that are in the market satisfy your need? Or are they not related to your
child's true size? *
If they satisfy
They have no relationship
3) When choosing the size, do you choose the right size or 1 larger? *
Fair size
Larger size
4) Who chooses children's clothes at home? *
Dad
Mother
Children
Mom and Dad
5) What clothes for your children do you buy most often? *
Tshirts
shirts
Pants
6) When you go to buy clothes for your children, which brand do you prefer? *
EPK
OFFCORSS
BABYFRESH
Other:
7) Would you buy clothes for your children online? *
Yes
Not
8) What is the most important thing for you when buying clothes for your children?
The price
The quality
The material
Other:
9) Would you travel long distances to buy clothes for your children for good care, having
other places closer?
Yes
Not
10) Would you buy clothes in a store that has excellent quality clothing, even knowing
that it does not have any discount?
Yes
Not
11) If you had at your disposal an Application (app) to buy clothes fortheir children. Would
you use it? *
Yes
Not
I prefer to buy in a physical store
12) Do the clothing designs currently on the market satisfy yourneeds and expectations?
*
Yes
Not
Elements to consider:
As for quality, we look for the best fabrics and we will strengthen the ability to create designs and
this together with a good clothing team to give the best quality to our product.
Regarding the brand, a study was made of a name that simplifies the two members of said brand in
order to create a company name.
As for product guarantee, we have the strength of the renowned textile brand and screen printing
processes to give, as well as our quality guarantee.
The elements to consider must exceed the benefits of the object to be presented, such as:
product quality,
Likewise, the aggregates that support its acquisition must be included, such as:
warranty and
The segments
Segments are the result of dividing a market into groups that share similar characteristics. In the
context of this study, and for a better understanding of the structure and divisions of the children's
fashion industry.
Although the target audience of the fashion industry is made up of heterogeneous individuals, each
brand has a place in the market thanks to the fact that it identifies with audiences that show their
personality and difference when it comes to dressing.
In a theoretical framework, it is necessary to propose a differentiated offer that satisfies each group
and differentiates it from the rest. It is a struggle for each fashion brand to achieve that differential
notoriety that makes it stand out both in front of its audiences and with the competition.
If Baby fresh, offcorss, EPK, Carter´s or Armani junior, were similar with a similar offer and identical
objectives, they would not have been able to differentiate each other, they would only be different
names and not concepts of luxury and fashion business.
The fashion buyer is different, governed by variables such as age, sex, lifestyle, purchasing power ...
and because of these variables, he identifies with the different styles and looks for brands and
products that best adapt to these characteristics.
At the time, Chlôe detected that the men's segment demanded more luxury fashion, had the
maximum purchasing power necessary to bet on them and diversify its product line.
Market segmentation fosters competition, competitiveness and allows many players to operate, but
the analysis of preferences given the same breadth of it is complex.
Each segmentation criterion serves to classify the consumer and help analyze consumer behaviors,
the benefits sought with the purchase to redirect the products of the fashion brand.
For me, it is fundamental in a good business strategy to know how to identify the loyal segments of
the brand, those who look for variety and those who are not loyal to any brand. A market study,
pure and simple, and of the brand itself and its product portfolio.
Criteria such as loyalty, the purchase process (reasoned or impulsive), place of purchase, type of
purchase, intensity of use, expense, situations of use, sensitivity to price, benefit sought and
perceptions must be the columns of this study, a professional and conscientious study.
The study of emerging fashion segments by itself requires an independent, individual and
complementary analysis to that carried out by the firm within the segmentation analysis.
Everything is too wide and complex to develop in a single post and I will talk about it later.
The use of technology for the analysis of the segmentation of the fashion market such as CRM
(Customer Relationship Management) allows optimal management of customer relationships in our
sector and in all others.
It is possible through these tools and market analysis to propose more accurate segmentation
strategies and any information system and innovative commercial research in fashion will provide
us with the useful knowledge to make any marketing decision for our fashion brand.
Offer definition
T-Shirts PLAMUS will carry out studies to offer an excellent offer in quality, service and
excellent prices, identifying the prices of the competition in order to have an excellent
demand.
Said offer will be made according to the study of the budget with which these products will
be made and not reach a point of indebtedness and that we lose product and investment.
Having already selected a niche, we have advantages over other companies and get rid of
the competition a bit, we can also take more advantage of our resources in production
without generating waste of capital and time. This way we will gain more market and we will
be able to reach our goal of the desired demand.
In the market niche we find so much useful information for our project that it helps us to
visualize beyond that some companies have not been able to see since they do not have a
study to reach the market and satisfy demand.
Why do we think this? If we know the demand and what we want to do to fully
cover it, we can make an adequate or rather excellent offer in order to achieve a
price that is in equilibrium point for when demand is absent and when it is at its
maximum.
The equilibrium point will help us to see a standard of what we can sell and acquire in profits
without losing money or products in times of low demand and if there is abundant demand,
we can cover it more easily since we would have to double production.
Demand definition
Our customers who demand our products will be those who choose our brand, customers
who are parents or grandparents who buy our products that are aimed at boys and girls.
Our product will have a price that is very fair according to the quality and exclusivity of our
products. In this way they will be able to obtain something greater than the current market.
Fixing prices would be helpful in times of low demand so that the company remains and
does not lose profits, but at the same time take into account some months of the year where
discounts must be made if there is stock in order to exit these products, the The aim is to
create a pricing strategy to adjust it to the market and turn it into a tool to adjust price
movements according to the demanded quantities of the product.
Fixed prices: prices are maintained during all periods. Reduction prices: the price of the
good is reduced at certain times over a part of the existing stock in the company to give it
an exit.
Promotional prices: they are applied in a short period of time to certain products.
Dynamic prices: it is the personalization of the price by varying it for each product
and each transaction.
The price management strategy is considered an effective business tool to adjust the market
through the movement of prices, and in turn, the quantities demanded of the product and
service.
Prepare the technical sheet of the product or service that contains the functional,
operational and technical aspects of the products or services, and the advertising layout
for presentation to the public.
Age-related segments
Age is another distinctive or demographic factor that helps clothing retailers determine
their buying audiences. Many clothing manufacturers target teenage girls with their new
fashion lines, including janes, blouses, and other clothing. They often promote these
clothing lines in late July and August, before the school year begins. The children's sector
represents another viable buying group in clothing sales. Children's clothing stores can
also sell related items that appeal to children and their parents. Babies and young children
represent other age-related segments. Some small manufacturers and wholesalers may
focus exclusively on the baby and toddler markets, as this segment is important enough
for its size.
• Design the brand and name of your company's products or services, taking as a
reference the symbols, signs, texts and colors established in the communication's policies
and objectives.
When designing the brand, an acronym was chosen to merge two surnames that are the
owners of the PLAMUS brand, in surveys many people liked 88% of 79 random people.
Now as soon as the logo that is a kitten reflects the innocence of children, this logo is
accompanied by fresh and fun colors so that the boys feel relaxed and comfortable with
our logo.
• Establish the main technical, legal and market aspects that must be taken into account
when creating the brands of your products and services.
Control of legal aspects: trademark registration, see availabilities, similar brands also
in other categories. Omitting this procedure may imply a blocking of your brand by a
company that wants (and can) protect its interests.
Benchmarking the competition: Check the brands of companies and competing
products of yours. The last thing you want to do is choose a brand to launch it on the
market and then be informed that it is very similar to one of your competition or with a
possible relationship with subjective aspects that may escape you.
Similarities, differences and possible errors: the best way to contrast this aspect is
to do a test with different people; if possible in groups to be able to delve into different
aspects and thus see how far you can go.
Use on paper: how it looks written, what backgrounds can and cannot be used, how it
looks in a brochure, how it saturates the ink, what it looks like when viewed on paper.
For example: it is very typical brands that use blues whose printing totally changes its
appearance depending on the type of paper you use. At the beginning it is the best
time to choose a color that will not cause a problem with your printing press every time
you go to generate new material.
Use in electronic media: how it looks on screen, how it works on the Internet, image
weight, loading time, URL, etc.
• Verify that the names and brands are adaptable to any advertising medium and that they
meet the essential requirements to be registered and disseminated
In the surveys that were carried out, we realized that there is good acceptance, meaning
that it adapts to any advertising medium to reach more people and manages to position
ourselves in the children's fashion market, the following was found for registration:
In conclusion, the definition of sales promotion is: the marketing activity that aims to
stimulate the sale of a product personally and directly through a regular and planned
process with mediate results and allows for prizes, demonstrations, exhibitions that the
consumer and the seller obtain the immediate benefit of the product.
According to the previous information, we can work on a type of survey that helps us to
know how to make our strategies more efficient to enter the market without having falls
and being able to position ourselves without so many economic losses.
In the distribution system we will define how I want my product to reach the customer. It is
a complex task due to the different variables that go into the definition of the different
processes and the different sales channels that we want to reach.
Many times it turns out to start with the traditional model (Producer - Retailer - Consumer),
but one of the big problems that we would face, will be dealing with the interests of each
one of them. One solution would be to eliminate the costs of intermediaries and to directly
sell and deliver the products. It doesn't have to be more expensive because it depends on
what kind of strategies we use.
Now as an economic sector, commercial distribution is the link between production centers
and consumption centers, through which the differences between the origins and
destination of products are overcome.
The commercial distribution approximates the supply of the company with its demand,
being the answer of this approach to the commercial intermediaries. The distributors
integrate the merchants, who get to acquire the property of the merchandise that they
resell (wholesalers and retailers); while in the latter it is not so, since they limit themselves
to representing the manufacturer in the sale of their merchandise in exchange for a
variable commission or counterpart on the assembly of the operation.
Corporate values and principles: They are the set of the main values, beliefs
and ethical norms that govern and regulate the life of the company and
constitute the basis of the organizational culture. It is advisable to promote a
limited number of principles to facilitate their assimilation and applicability by
part of all the members of the company. It must be established what is the
set of values around which the organizational life will be constituted. For
example:
SOLIDARITY: The Association will promote the practice of mutual aid between people,
under the principle of the strongest towards the weakest and giving priority to the most
vulnerable population for the application of resources.
EFFICIENCY: The organization seeks that the action of the administration reaches the
best use of the available resources to achieve the established objectives and goals and so
that the benefits to which Social Security entitles are provided in an adequate, timely and
sufficient manner.
PARTICIPATION: The association will always have spaces for community intervention in
the organization, control, management and supervision of its exercise.
Corporate policies:
PURPOSE: To regulate the activities of the operations area, within the guidelines
established in the Strategic Plan, to fulfill the mission and seek to achieve the vision.
Push strategy: we will use our clients' wishes in our favor, pressuring them to buy our
products guided by offers that will be our products in the warehouse to sell them at a lower
price for the purchase of a new collection product, we will use marketing to make our
clients buy and increase demand and improve distribution to fulfill your orders.
We will carry sales promotions: for example, wear one garment and the second one at half
price. Or coupons to redeem in low season also at half price.
PULL STRATEGY: We already know who to buy our products that are the parents, but the
children are the ones who will feel the need to have the clothes for their designs.
Pull strategies involve the creation of advertising and marketing campaigns aimed at the
consumer and are normally carried out without a predefined period of time. Therefore, it is
common in large companies to use this type of shares.
We can manage the combination with the vos a vos tool that would be developed thanks
to the quality and effectiveness of the distribution of our products.
Advertising would be handled by social networks since they are the places where people
stay for the longest and are constantly looking for products or offers, we would take them
with excellent quality in striking designs that are more visual and not with as much text.
Exhibition tactics:
The tactics to use in this job is to promote the product T-shirts for boys through advertising.
Using the different means of communication, also participating in fairs and events. Giving
away discounts (40% and 50%) making customers participate in raffles and prizes with
advertising material.
Consumers will be shown the products in an effective, innovative, interesting, clear way, so
that they feel the need to acquire the products with an excellent presentation of the Stand
and the Layout that reflects the good presentation of the product.
Atmosphere:
For the setting of a stand there will be advertising, promotions. It will focus on commercial
animation as a merchandising technique and as a dynamization formula for the commercial
establishment.
The setting of the stand would be defined as the set of actions aimed at giving dynamism to
the point of sale, in order to favor the increase in sales and the number of customers.
illumination:
Lighting is very important for a good atmosphere in the stand, a white light will be used,
although it is not as bright, but it is perfect for the presentation of the products, having a
suitable contrast for the consumer to see the proposal presented to him.
In the city of Ibagué, there is a problem in which people are a little fatigued due to
their inconspicuous designs, prices, quality, and they no longer like to leave the
house to buy clothing for their children, since they find the internet more comfortable.
This is due to the excessive clothing brands that seek to get money without even knowing
what people are looking for and therefore everything is full of boring clothes and people have
to buy something that they do not like 100% or prefer imported clothes.
Entrepreneurs sometimes do not know how to reach the market and satisfy it completely, so
they can fall into problems of creativity, quality prices and this leads to the market getting
out of hand leading the competition to take advantage of this.
Customers need excellent quality products to stay with a brand and this leads the company
to growth and employees to desired satisfaction.
The exhibition plan project aims to respond and contribute to the increase in sales in order
to satisfy the brand's need. What are the different brands that exist in the market failing?
The question tells us to know and know the failure of these brands and to be able to solve
them to reach more customers. Know and analyze the impact of the project and all the tools
carried out.
MARKET EVALUATION
The Colombian textile and clothing industry has been a determining factor in the country's
industrial development. She has built a very complex and diversified production chain,
generating an important contribution to economic growth, exports and entrepreneurship for
more than 80 years.
Colombia has large urban concentrations within which the textile industry is located.
Historically, Medellin is the Colombian textile center, but today it only concentrates 50% of
the industry and 33% of the production of garments. Bogota today originates 36% of the
textile supply and 33% of the clothing. Ibagué has developed a prosperous industry and
tends to become the third textile center in the country. the other cities maintain a very
important textile and clothing manufacturing facility, with various levels of specialization,
mainly in the cities of Medellin, Bogota, Cali, Pereira, Barranquilla, Ibagué and
Bucaramanga. 90% of these companies are medium and small, while the remaining 10% is
represented by large industries, mostly maquiladoras dedicated to assembling clothes for
third parties abroad.
DEMAND CALCULATION
According to the calculations, it is determined that the sales volume of the company for the
years in the project horizon are those summarized below in the following table.
Clothing is a consumer good for men, women and children, who demand different styles,
shapes, colors and classes that have played with the personality of the people, so it
becomes a product consumed by all of the different market segments at the national level,
concentrated in all the socioeconomic strata of the country.
In relation to the market, the goal of Plamus Kids is to use a virtual and direct marketing
channel nationwide, through the virtual platform specialized in children's clothing lines for
this type of characteristics, the company does not assume product management until the
consumer final, however it can be established by the presentations of the company's
products.
ANALYSIS OF COMPETITION
Of this figure, about $ 300,000 million correspond to the 0 to 4 year segment. The daily birth
of children, as well as the permanent rotation in the wardrobe, due to its rapid growth, make
the baby clothing segment one of the most dynamic, registering average annual growth of
9%.
According to Euromonitor International figures, this segment is led by Offcorss with a 12.4%
market share; followed by Baby Fresh with 9.9%. EPK is third with 8.2%. They are followed
by Coqui (children's brand of Almacenes Éxito), Adidas Kids and Zara Kids.
The leaders
The leading brand in the category is Offcorss, owned by CI Hermeco, whose sales in 2017
reached $ 235.49 billion with a growth of 6.5%. The brand will close the year with a
distribution network of 112 stores in Colombia and 480 corners in chain stores and
supermarkets. Internationally, it has a presence in Mexico and Central America. It also
reaches Ecuador and the United States through an online sales platform and Amazon.
The second place is occupied by EPK owned by the Tcherassi-Janna group, whose income
the previous year reached $ 157,170 million with a growth of 1.7% in its 70 stores, managing
to market approximately 7 million garments throughout the country.
The third place is occupied by the MIC brand, represented by CI Maquila Internacional de
Confecciones y Estrategia Comercial de Colombia, whose accumulated sales reached $
116,555 million with a growth of 10.1% in its 81 points of sale.
Another of the major competitors for Baby Fresh children's clothing, owned by the Crystal
Group, which has 40 sales points, with operations in other Latin American countries such as
Guatemala, the Dominican Republic and Costa Rica.
Colombia has other local companies that also seek to consolidate their presence in the
country and thus gain positions in the market. Polito reached $ 19,225 million in sales at its
33 sales points, followed by Nauty Blue and Travesuras.
The menswear giant Arturo Calle opted for the children's market in 2014, when it launched
its AC Kids brand, specialized in clothing for children from three to ten years old. In its three
years of operation, the brand already operates with a dozen stores located in the cities of
Bogotá, Cali and Neiva, among others.
At the international brand level, companies such as the Spanish Pilli Carrera and the French
ZKids and Du Pareil Au Meme are currently in the country, which are competing for the
market for national brands.
It is the largest company in the world and an obligatory reference in this sector. At the end
of last year, this US company billed more than 3,000 million dollars, 6.2 percent more than
in 2015. And if the business in the north of the continent is very profitable, in Colombia for
more than ten years, with the With the arrival of more than four companies dedicated to
children's fashion, this category registers an annual growth of 9 percent.
Since the company is aware of competitors' prices and offers, it can use them as a point of
guidance for its own pricing. However, the company must be aware that competitors may
change their prices in response to the company's price. Basically, the company will use the
price to place its offer inch by inch with that of its competitors.
Companies resolve the pricing aspect by selecting a method that includes one or more of
these three considerations:
higher pricing
The most basic method is to add a stardar premium to the cost of the product. Any method
that ignores current demand, perceived value, and competition is unlikely to arrive at the
optimal price. Setting higher prices works only if the optimal price is reached. Setting the
highest price works only if that price actually provides the expected level of sales.
Companies introducing a new product often rate it very high in hopes of recouping their costs
as soon as possible. But a high overpricing strategy could be fatal if a competitor offers a
very low price.
Higher pricing is still popular for a number of reasons. First, sellers are more certain about
costs than about demand. Second, where all companies in an industry use this method,
prices tend to be similar. Third, many people think that cost pricing is fairer for both buyers
and sellers.
Pricing based on perceived value
An increasing number of companies see buyers' perceptions of value, not cost to the seller,
as the key factor in pricing. They use non-price variables in the business combination to
create the perceived value.
Pricing based on perceived value is well suited to product placement thinking. Even a
company develops a product concept for a particular target market with planned quality and
price. Management then estimates the volume they expect to sell at that price. The estimate
indicates the plant's capacity, investment, and required unit costs. Management then
considers whether the product will generate a satisfactory profit at the planned price and
cost.
Sometimes this operation is called pricing based on the value of the components. The
customer may end up finding out some, but not all of the added values. The key to pricing
based on perceived value is to accurately determine market and supply perception. Sellers
with an inflated outlook on their offer value will overvalue their product. Sellers with an
underrated prospect will charge less than they could. Market research is required to
determine market perception of value as a guide to effective pricing.
Society and therefore the perceptions and preferences on some products vary from country
to country, which requires different prices. In addition, an extra question is the different
marketing objectives that the company may have in these countries. However, the main
question that suggests changing these prices is based on costs; for additional transportation
costs, import taxes, costs associated with fluctuations in currency exchange rates, product
distribution, etc.
INTERNATIONAL PRICE STRATEGY
The price objectives that a company sets in foreign markets are conditioned by:
Company orientation.
Stage of the internationalization process.
Product life cycle stage.
Financial goals.
Government regulations.
Competitive market situation.
Customer expectations.
PLAMUS KIDS carried out a general survey to find out international export prices to the
United States and importers in Latin America and the Caribbean. 36 according to Traedme
data, the export prices of the country with the highest participation are shown below:
As for the countries of Latin America and according to data on import prices with the highest
participation in Latin America and the Caribbean of tariff heading 640350 which corresponds
to "the other clothing brands" are Panama. The annual average prices per ton from 2016 to
2019 are shown below.
What are the functions of strategic marketing?
In this sense, the main function of strategic marketing is to achieve the marketing objectives
in the most optimal way, that is, with the best relationship between investment made and
results obtained. And for this, strategic marketing fulfills other important functions, such as:
Analyze the company itself, its product, design, life cycle, distribution, promotion,
communication, manufacturing process, people involved, etc.
Brand positioning strategy:It consists of focusing on the branding of our business, trying
to occupy the best position in the consumer's mind with respect to our competition. The most
important thing, in this sense, is to identify the values that our typical client appreciates and
try to maximize it in our business.
Market segmentation strategy: Divide your market into small segments of consumers with
specific needs in order to offer them something specially adapted to them that will
differentiate you from the competition.
DEFINITION OF TECHNIQUES.
Demonstration: Show them some satisfied customers and the service we offer, the legality
of Plamus kids
The site where you will develop the site where we offer the product, the facilities and the
attention Plamus kids must be kept up to date.
It is essential that you keep your website updated, with new photographs or new offers. That
builds trust among the clientele.
Give out
It will be key that you look for the way to have the best position in Internet search engines
such as Google or Bing.
Market study
As in traditional commerce, in e-commerce you will also need to carry out an investigation
of your internet market to ensure that your target audience is connected to the network.
DEFINITION OF MANAGEMENT INDICATORS (PRODUCT, PRICE,
DISTRIBUTION AND ADVERTISING)
There are four decisions that are significant in marketing: product, price, distribution, and
advertising. These four elements make a substantial part of the marketing strategy.
Product:
A product is a set of tangible and intangible attributes that include elements such as
packaging, brand, design, guarantee, support, functionality, quality, accessories, service,
and that satisfy the wishes and needs of the customer. Being this satisfaction the factor most
evaluated by consumers, as Lina Echeverri37 points out "people do not buy products, but
rather buy the benefits they generate". By knowing better the product strategy, better market
programs can be understood and designed.
Price:
The price is considered an amount of money, good and / or service that equals it, fixed for
the acquisition of a product or service and its benefits. The price has great relevance in
different social components such as the economy, companies and the minds of consumers.
Distribution:
Distribution, better known in the marketing mix as the plaza is the strategy that seeks to
connect the producer (supply) with the market (demand), this distribution is given by different
figures such as agents, intermediaries, marketers and resellers among others. These
distribution channels as they are also known have benefits according to the strategy and the
type of product or service offered, some of them are: - Streamlined product delivery - Support
in marketing and physical distribution - Better management of information and
communication between company and customer - Support in inventory and storage
management.
Advertising:
Advertising is a mode of persuasion that aims to attract the attention of potential and real
customers to the benefits offered by a good or service.
In this order of ideas when an advertising campaign for a product or service is carried out, it
must transmit its superiority over its competitors, it must impact and create references that
make them always be in the first place of the top of mind of consumers. To develop an
advertising plan, the following must be taken into account:
Generation of ideas
In the idea generation phase it is about getting ideas through various sources. Depending
on the new product we want to create, always to cover an observed need; This process can
be more or less complex. However, there are many products that once devised, thought or
created, generally individually or in small work teams.
Selection of ideas
This phase is more about evaluating which ideas are interesting and which are not. Not
always the first impressions, or subjective impressions, are what the market is going to see
motivated; reason why it is necessary to discard ideas.
Marketing strategies
In this phase, aspects related to the product such as the market, positioning, market share
and expected sales will be considered. Also the prices, the distribution channels and the
promotion that we are going to apply to the product. Although the market was already taken
into account in the previous phases, now it will go deeper into the different audiences and
will begin to determine what the target buyer or user will be.
Economic analysis
For this phase we are going to deal with the issue of money. The investment, costs, income,
etc. For this we must carry out a quantitative study to determine future income and costs of
the new product as well. It will be necessary to have extreme attention since the new product
concepts that overcome this phase will become products.
Product development
For the development of our new product the prototype is made and iterations of possible
designs are created that will lead to the final product.
Product test
To carry out the test development, the product will be given to consumers for testing using
free samples. The purpose of this phase is to receive impressions, obtain suggestions, know
what they think about the new product and see if they meet the needs we want to cover;
since otherwise we would never have sales since the needs are covered; are not created.
With this we will finally develop the product.
Market test
In this penultimate stage the product is marketed on a reduced scale. It is a test or evaluation
phase, in which it will be observed whether price, presentation and product should undergo
any modification.
Production capacity
Here you see and measure the ability to achieve projected sales volumes and unit costs,
conformance to specifications, and other quality measures. However, recently, and from the
perspective of design driven innovation, contributions have been made to the management
of innovation and the process of developing new products, from the first stage of idea
generation to its implementation in the market. These contributions to innovation have been
divided into the categories of design, research design, design management, and design
leadership. All these categories offer a series of activities, tools, methods and processes
that complement the innovation management process:
Design Management:
It is considered reactive, because it mainly manages the resources, time, people and money
necessary for design activities in the company.
Leadership in Design:
He is considered proactive in setting the agenda of a company using design to have a
competitive advantage and foreseeing the future.
Design Thought:
It acts as a bridge between the reactive and proactive notions, establishing a culture of
design in the company.
The strategies to be addressed will be based on the differentiation of our product through
the price, innovative size and brand in relation to the characteristics of competing
products. The Marketing campaign will last 3 months (from October to December 2019).
The Strategies will be divided into 3 stages:
The company's strategy in the first month (October) will consist of the
introduction of the new product on social networks and the new product will
be made known to our target audience through different advertising means.
Tactical Planning
The design will guide us throughout the campaign in order to achieve the stated objectives
and carry out the controls and corrections that are deemed necessary. Next, we proceed
to detail the tactical procedures that will be implemented in relation to: Brand, Product,
Distribution, Price and Communication and Promotion Policies.
Brand. The brand design known as Plamus Kids will be used based on a logo
designed for children, the brand will be recognized on social networks and will
be able to enter the market competition.
Product. The product will consist of making children's clothing, from sizes 2
years to 12 years.
Distribution. Distribution will be one of the strengths of the plan, since Plamus
Kids has its own distribution system, considered to be the most traditional,
such as HOME SERVICE, allowing orders to be distributed more effectively
and in the shortest possible time.
MARKETING TESTS
For our product we could use various market tests such as:
2. Establish a promotions stand where we try the new product, and observe
the public's acceptance and reaction to it; at the same time that we consult
you for your impressions or opinions.
3. Convene a group of people and give them a try or make them experiment with
the new product, observe their reactions and behaviors towards it, and then
ask for their impressions or opinions, and ask for their suggestions.
RECOMMENDATIONS
Promote the variety of new products in Ibagué in the medium term in order to analyze the
possibility of creating a competitive advantage, taking into account socio-economic
variables as well as external and internal factors to make beneficial decisions for the
company and that focus on improving the quality of life of their owners and workers.
Based on the projection of the income to be obtained according to the sales of T-shirts and
following this strategic plan design, the decision must be made to further expand the
product line to better serve its current customers.
REQUIREMENTS
Specify the event coordinators, the type and size of the stand,
the location we need, in measurements and capacities.
Corporate image (brand, images, message, logos, banners,
theme or objectives)
The products to display
decorative elements and furniture.
make pre-sale promotions such as. (personal invitations,
direct mail, magazine, newspaper and radio ads.
promotion during the event: flyers, brochures, gifts, samples
free etc.
direct sale with offers
music and / or videos
Event Protocol
Protocols before the event
Establish the place and time when the event will take place
Know the audience that will attend since your invitation or notification will
have been sent one month in advance.
Design an event presentation program to keep order.
Know the place where the product will be presented, such as what services
there are, the security personnel there are, general information sites, etc.
SELLER BUYER
DC
DC
OVERALL OBJECTIVE
Design a marketing plan to increase sales, based on the company's strategic plan,
establishing the customer's profile, price, quality, delivery time, level of satisfaction, so that
the customer benefits from the purchase advantages of with the company.
SPECIFIC OBJECTIVES
Carry out a study of the client, in aspects such as personality, purchasing
behaviors and conduct to know what to face in the negotiation process.
Identify the characteristics of the product to determine the potential customer,
the form of negotiation and the distribution channel.
Develop a good communication strategy that allows you to interact and
respond appropriately to customer needs.
Having established sales techniques, either AIDA or SPIN techniques.
Organize sales teams by geographic areas, by products, by customers or it
can be mixed to meet the needs of customers.
Know and use the sales methods and the different tools that allow you to
communicate, and offer the product or customer service.
Quantify the volume of sales made to the current or potential customer, and
verify the characteristics of the purchase and compliance with the Sales Plan.
Be constantly monitoring the purchasing behavior according to internal and
external factors.
Monitor the behavior of product sales, to determine what has been the
reaction of consumers to the attributes and characteristics of the product or
service offered.
Carry out an evaluation of the attributes of the products or services offered by
the company and also those of the competition in order to devise marketing
strategies.
Carry out an internal control of the quality management system of the offered
product.
Assess the competence of sales staff.
Give knowledge of the product to as many consumers as possible, taking into
account the limits established in the image strategy and the target audience.
Determine what logistical, financial, human and administrative capacity our
company possesses and, accordingly, determine what we can and cannot
offer.
Establish what our distribution policies will be taking into account the factors
such as the buyer, the particularities of the product, the recurrence of
purchase, the means of distribution and the business objectives.
Determine what type of distribution will benefit the company the most when it
comes to selling our product or service in the market.
Establish what will be the fastest and easiest way to offer the product or
service according to Distribution and E-Commerce.
PRODUCT SALES PLAN
This Marketing Plan is a report that compiles the analysis of the current situation of the
company Plamus kids to identify where it should go; The goals of the company are
determined and the marketing strategies to be used to fulfill the objectives identified in the
sales plan are exposed, where some aspects must be taken into account, which are
disclosed below:
Effectiveness of each seller: control over the amount of sales each seller has
made, as well as the number of clients or potential clients that he has
achieved.
Sales forecast: statistics or data on the number of transactions that each
commercial plans to close.
Visits planned by the sellers: calendar with the visits that each of the
commercial sellers has to make.