Professional Documents
Culture Documents
Tote-lly You will target the Hipster, Environmental Earthling and College Girl segments
within the Qutopia marketplace. The marketing will strongly emphasize The Hipster – this
niche segment has latched onto the artisan and co-creators trend. Tote-lly You will give
these young optimist the freedom to express their individualism and values through an
environmentally sustainable and personalised product.
Competitors within the Qutopia Marketplace are indirect yet remain to be potential
threats. In particular, Colour On, although a clothing brand they are customizable and
eco-friendly – potentially tapping into the same target market. Through analysing these
competitors and evaluating Tote-lly You’s strengths and weaknesses, this report outlines
strategies to overcome the potential threats posed by them - through the use of effective
promotions, strategic pricing and product consistency. The concept of a premium
product will enable Tote-lly You to set prices accordingly with the biggest consideration
being the scarcity of supply for the product.
Consistency within the stall, the product and the promotions will assist Tote-lly You in
reaching the objectives, as outlined in this report. Key to this is achieving profitability by
successfully marketing and selling the product, which will be a direct outcome of high
customer satisfaction. While Tote-lly You’s success is dependent on achieving financial
and marketing goals, another goal that aligns with Tote-lly You’s ethos is environmental
sustainability, which will be considered in all stages of the product’s production and sale.
Tote-lly You is providing a personal accessory with a service experience which is the
defining point of difference. Past Qutopia results, secondary data research, and
market research conducted have indicated there is a need within the market for this.
In past semesters, a significant proportion of the Qutopian marketplace was personal
accessories products, although there is minimal focus on the purchasing experience
itself and customisation. Furthermore, our own market research finds the market will
be highly receptive of the designs available to be on the product (see appendix H).
Secondary data research (see section 2.1.2) shows a consumer shift towards
environmentally sustainable products. Therefore a product which allows customers to
co-create while being environmentally conscious, fulfils a need in the market.
2.2.1Mission statement
Tote-lly You aims to provide a service in personalising tote bags where you're the co-
creator in a sustainable solution to saving the environment.
2.3 Competition
The main competitors within Tote-lly You’s industry, “Other Personal Accessory
Retailing”, are seen in table 2.3.1. Although these competitors are seen to be indirect
to Tote-lly you, due to the co-creation element of service.
Who is their Young, creative Quirky, uni Uni students ages 18-
target university students 25
market(s) students interested in art.
How are they Likely that some utilise free Facebook marketing on the
likely to QUTopia group page. However it is impossible to know if they
promote their are all likely to promote and through what channels until the
business? promotion is already through.
STRENGTHS WEAKNESSES
OPPORTUNITIES THREATS
● If the government decides to
regulate plastic bag usage, ● Indirect competitors, through
demand for Tote bags has the their creativity in product
potential for rapid growth. innovation.
● On-trend product (tote bags are in ● Change in trends for youth culture.
fashion & the youth are currently ● Incorrect estimation of
environmentally conscious) market response (sales levels).
● Suited to the needs of the target ● Power & equipment failure /
market (students at university need interruption on market
bags to carry books) days.
● Potential to expand as a business ● 50+ competing stalls
into more markets, retail and ● Outcome of market day is
wholesale businesses or opening unpredictable, consumer trends is
our own store constantly changing.
● The stall can test the demand for ● Price inflation and volatility of
the product. Qutopia market day, not aware
● There is a low cost to start-up and of how other businesses will price
our investment has been backed by their product or service.
a business investor/sponsor.
● There are several other online
platforms that can used to market
the business.
● Market to a broader target market
with increased product variety.
● Increased awareness of hazards
of plastic bags.
3.1 Segmentation
The following figures provided are extracted from Qutopian data, to create
breakdowns of market segmentation.
Table 3.1.1: Age and Gender of Qutopian Residents
Tables 3.1.1 and 3.1.2 show that the market is made up of 109 males and 165
females, approximately 94.9% of these residents fit into the age bracket of 18-25 years.
Whilst the Roy Morgan Value segments show that their are a large group of young
optimism psychographics’. Which means a large part of the market are young
energetic adults (Levine, 1997). The type of crowd that is deemed as long term
thinkers (See appendix D). Therefore Tote-lly You is predominately going to be
focusing on this demographic.
Geographic These girls tend to Tend to live at home These young teenagers
description live at home with with a family setting most commonly still live
family or in rental or moved out with at home or have just
house with friends. close friends. moved out.
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Demographic 17-25 year old 15 years onwards, 18-25 years old,
description female Student Predominantly Mostly females and some
females and some males.
males.
Behavioural The classic college This segment generally This younger generation
description girl likes to be paid lives a healthy lifestyle always wants to be on
attention to and is and is very top of the latest trends
always out and environmentally to be seen as “cool” and
about, especially aware and will often different. They express
on weekends. support sustainability in their creativity and
They could be their actions. personality through their
seen as an co-creative style (as
energetic crowd. mentioned previously in
the PEST analysis). Will
spend majority of their
time hanging out with
friends.
The QUTopia market is made up of 274 people. Of this, 166 are female- this will be
Tote-lly You’s focus target market. Although Tote-lly Yop will still will reach a
proportion of the male audience - therefore target market size is 200 people.
Customer loyalty is an important aspect to the business, although due to the nature of
a premium product it is only expected a very small proportion of people will re-
purchase. Therefore, returning customers will make up 10%.
Given the data found from previous years (see table 3.3.1) and Qutopia’s current
‘Other Personal Accessory Retailing’ industry (see table 3.2.2,) Tote-lly You’s
estimated market share is 16.6%.
Table 3.3.2 The Current Qutopia market G4259 Other Personal Accessory Retailing
industry
Stall number Business Name Product description
Tote-lly You’s financial and market goals address key issues identified in the situation
analysis, and will be measured through metrics to accurately measure the objectives
seen in table 4.0.1.
10% of sales Marketing An online order form will be Total number of online
pre-ordered effectiveness - promoted on social media purchases ordered
through Social media (see appendix G), allowing prior to market days.
Facebook awareness customers to choose a Increase of followers
page design and pick up a their on social media
pre-made tote on the day pages.
of the market. As a motive
online orders will be 20%
cheaper than buying on the
day.
<10 minutes Customer The productivity of producing Time each order takes
spent Service each tote bag (printing & to be processed and
5 Marketing Mix
Refer to the following table for a list of resources and supplies required to produce the
product:
Canvas Tote Bags 100% cotton Sourced through QLD Alliance for Mental
Canvas and black options available Health, free of charge. Their company
Black: 8 ethos aligns with our values of creating a
Canvas: 32 sustainable environment.
The key motivators of our target market to aid in brand positioning include co-
creation, eco-friendly and practicality. These values are embedded into our brand
and product. This sets us apart from our competitors by providing a unique
positioning of our product through the personalisation and on-the-day service and
delivery. Also providing pre-ordering options allows the consumer to take the time to
choose the correct print, at a convenient time for a discounted price.
Therefore we are positioning our product to, young adults 18-25 years, Tote-lly You is
the personal accessory that allows consumers to participate in the creation of their
personalised tote bag. The totes provide an eco-friendly alternative to plastic bags.
Multi-product branding is in use as one name Tote-lly You is used for all our products.
However, if future success allows it, line extensions can be used to target an
alternative consumer. The personality of the brand represents simplicity,
environmentally friendly, practical, bold and casual. This is evident in the logo, by
using black and white and curvaceous font to appeal to the hipster target market.
Tote-lly You’s logo will also be used for branding purposes, such as the Facebook page,
Instagram and also featured on the back of all tote bags. As such, these strategies
will ensure distinction from competitors on market day.
The equation for the line of best fit shows the exact price elasticity of this
particular market. As price increases by 1, quantity decreases by 1.18, which
observes a mild price elasticity. However, these price averages account also for
promotions, and not starting prices. A rough average price using our constrained
product supply of 40 and the product elasticity graph shown above is $75.
Our starting initial price will be $80. This was determined using a break-even
calculator as shown here (DinkyTown, 2016):
Tote-lly You will be located at stall 36, on a powered site in the Qutopia marketplace.
This will be held at Queensland University of Technology, in the Z Block Building. The
below table outlines the key features of our stall.
Location Tote-lly You’s stall location for the QUTopia Market Day is at
stall 36.
Lighting There will be fluorescent lighting which will not affect our
stall placement or design but we will be using fairy lights to
brighten our stall.
Potential Our neighbours are Retro Balm in stall 35, they will be
neighbours offering lip care products, they are not a direct or indirect
competitor.
Re Glasses are in stall 37 are selling recycled glass items to
create home decorations which once again is not a
competitor for Tot-elly You.
Traffic Flow There will be high traffic flow as the stall is close to the
centre of the market.
Floor The floor is covered with carpet. This will not affect our stall.
coverings
Posts There is one post to the left of our stall that may affect the
view of our stall from a distance.
The location of the stall will assist in achieving Tote-lly You’s marketing objectives.
Through the centrality of our stall to the markets and high traffic flow, equals high
exposure. Access to electricity is critical, as we will be using a printer to print unique
designs and ironing them onto canvas tote bags on the day.
To avoid queuing there will be one person at the front of the stall selling and talking to
customers and two at the back making the bags.
Research from the Carseldine Markets visit (see appendix B), observed how the market
operators set up their stall and what differentiated the successful stalls to others.
How will ‘place’ The bags will be strategically placed high up at the
achieve marketing back of the stall, so that people view the bags clearly
objectives? and there will be bags at the front of the store for
people to feel and touch.
Presence within the For our product to stand out from the other stalls we
will
Handling customers, We will have some lollies on the table to offer people
queueing and delay while they are waiting. As the tote bags are a product
issues. and a service and will take around 5 -10 minutes to
prepare the personalise product for the customer. To
avoid people waiting around and queueing, we have
prepared a flyer with all the designed you can choose
from, which you can complete (see appendix F).
While standing in the queue, the customers can look
through and spend time choosing their design. We will
talk to the customers about their choice, to keep them
engaged.
Procedures for If our service goes to plan, then the process will
service failure not take long and customers will have a minimal
wait.
Tote-lly You uses the push strategy to advertise with the aim to create awareness for
the brand whilst influencing the consumer's attitude. Social media will be our main
platform for this action. This platform allows consumers to easily obtain information
from businesses, whilst social platforms give retailers like us a wealth of options for
reaching out to potential customers and creating values to the consumer (Carlson,
Lee, 2015). A study of 265 Facebook users showed that Facebook's ability to "Like"
brands, products and services allows the ability to explore the relationship between
social ties and those brands. It also found that "liked" brands on Facebook display
positive influence on consumer acceptance and are more likely to explore the
brand on and offline (Carlson, Lee, 2015).Success through advertising online has been
proven to be common, which is why we chose to focus on constantly posting updates
on Facebook and Instagram(See appendix G).
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Pre-Market Day Stall Preparation
10.00 – 10.15am
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Competition Mercy Throughout day
inspection and
analysis
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preparation
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8. Reference List
Abs.gov.au. (2016). 6202.0 - Labour Force, Australia, Feb 2016. [online] Available at:
http://www.abs.gov.au/AUSSTATS/abs@.nsf/Lookup/6202.0Main+Features1Feb%20201 6?
OpenDocument [Accessed 10 Apr. 2016].
Bell, A. (2015). A/W 16/17 Consumer Forecast: Artisan – Co-Creators. [online] WGSN.
Available at: https://www-wgsn-
com.ezp01.library.qut.edu.au/content/board_viewer/#/56931/page/4 [Accessed 8
Apr. 2016].
Carlson, A. & Lee, C.C. 2015, "FOLLOWERSHIP AND SOCIAL MEDIA MARKETING",
Academy of Marketing Studies Journal, vol. 19, no. 1, pp. 80-101.
Clapp, J. & Swanston, L. 2009, “Doing away with plastic shopping bags: International
patterns of norm emergence and policy implementation”.
Davies, C. (2015). The Caring Economy. [online] WGSN. Available at: https://www-
wgsn-com.ezp01.library.qut.edu.au/content/board_viewer/#/62168/page/3
[Accessed 10 Apr. 2016].
Grewal, D., Levy, M., Matthews, S., Harrigan, S. and Bucic, P. (2015). Marketing. North
Ryde, NSW: McGraw-Hill Education.
Lauren, M. (2016). Consumer Goods Retail in Australia. [online] IBIS world. Available at:
http://clients1.ibisworld.com.au.ezp01.library.qut.edu.au/reports/au/industry/default.a
spx?entid=1720 [Accessed 11 Apr. 2016].
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Law, D., Wong, C. and Yip, J. (2012). How does visual merchandising affect consumer
affective response?: An intimate apparel experience. European Journal of Marketing,
46(1), pp.112-133.
Sirrka, J. and Todd, P. (1996). Consumer reactions to electronic shopping on the world
wide web. International Journal of Electronic Commerce, [online] 1(2), pp.88-98.
Available at: http://dl.acm.org/citation.cfm?id=1189807 [Accessed 18 Apr. 2016].
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9. APPENDICES
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APPENDIX B: Market Visit
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● having fliers people would take to read about the stall and what it offers so if
they are interested they can come back
Observations – Non-busy
products?
The clothing and jewelry areas were quiet.
How do staff respond when people walk past? (ignore them, make eye-contact)
People smile and make eye contact, some people call out and offer discounts,
others ask you questions like, are you needing a key cut, or ask about your dog.
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APPENDIX C: Map of Competitors
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APPENDIX D: Roy Morgan Value Segments
The table below provides the value segments sourced from (RoyMorganresearch.com,
2016) which offer a system of market segmentation that goes beyond demographics
and psychographics to explore values, mindsets and attitudes that motivate consumer
behaviour.
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Curiosity often leads to risky
situations.
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APPENDIX E: Stall Display
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APPENDIX F: Market Day
Pamphlet Front
Back
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APPENDIX G: Examples of Promotional materials
This appendix provides Tote-lly You’s social media activity across Facebook and Instagram.
Facebook posts
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Date Post
07/04 Hey people of Qutopia! Let us personalize your tote bags. Save the
environment and cut out plastic bag usage! J
07/04 Plastic bags are light and can blow in the wind. They fly into trees and
into wildlife habitat. Animals can consume these plastics, and perish.
Plastic bags are a deadly killer to wildlife.
Get ready as we have some work in progress to help prevent this cause.
Pre orders for personalized tote bags coming soon. #WorkInProgress
10/04 Tote-lly You tote bags are personalized to you and are tote-ally
reusable. Your chance to preorder is coming soon!
♻♻♻ #sustainableliving #sustainablefashion #minimalistic #environment
alsustainability #wastemanagement
(Picture attached to post):
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12/04 Hi fellow QUTopians!
We are now taking pre orders for the upcoming QUTopia market day.
Simply click on the link provided and choose a design that you favor
the most and leave the rest of the creation to us!
Pre-orders will have a discounted price on top of the usual retail price of
$80, each tote will come down to $70 if you order one prior to market
day.
Note* Payment is to be made when collecting.
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12/04 One of our favorite designs, the sea anchor!
Plastic bags produce fossil fuels and kill thousands of sea creatures and
birds every year. Tote bags can help reduce this.
Tote-lly you is all about being sustainable whilst also being stylish.
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Instagram Posts
Date Post
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so make sure you keep up to date with Pre
Orders!!
Otherwise we shall see you at Market Day.
#sustainablefashion #wastemanagement
# environmentalsustainability
#Reducereuserecycle #reduceplastics
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17/04 PRE-ORDERS NOW AVAILABLE. Choose a
design that is tote-lly you so that we can
co-create it into a stylish yet sustainable
bag. A discounted price of $70 will be
applied if you order prior to market day.
Link available in BIO. #sustainablefashion
#recyclereusereduce #ethicallysourced
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APPENDIX H: Market Research
Our own brief market research surveyed 16 respondents within our target market
segment on their tote bag ownership and design preferences. The results were that
the average person owns 2.46 tote bags. Design preferences were spread across all
categories without any clear winners or losers. We inferred from this that taste is
rather subjective, We inferred from this that giving people choice would be both more
effective and efficient in product design as tastes are full of variety.
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Appendix I: Record of Purchases Form
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Appendix J: Order Form
This pre-order form is available through our Facebook and Instagram pages, links will
directly take the customer to the order form, after they submit their order the
promotions manager receives an email.
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