Professional Documents
Culture Documents
Marketing Fundamentals
Bachelor in Fashion Business and Communication
24.04.2023
THREATS
· People against the ideas requested by the brands making pressure against the use of animal fur.
Manifestations are taking place in many places in order to get rid of the use of fur.
· Luxury brands of the same sectors creating bags with similar materials, selling them with cheaper
prices.
· The several crisis, inside the country, as well as those on the world, led to a threat to our activity.
War always have an impact in all the economic activities of the world.
· Away from the luxury brand, there is a massive industry os companies creating dupes, which are a
risk to our economic activity.
OBJECTIVES. Primary and Secondary Objectives.
Primary Objectives
Our main objectives is to reach the number of 100 bags sold in 6 months. We will carry out this by
advertising campaigns as well as taking advantage of our competitive advantage which is the full
transparency through the production.
To obtain the number of 300 loyal costumers in 1 year by advertising our products and by giving
them unique experiences such as visits to the farm or a detailed website.
Secondary Objectives
Our secondary objective is to be 100% sustainable in 2 years by establishing sustainable methods of
distribution, production and advertisement.
We want to reach 2000 visits to our store in a period of 6 months. We want to reach this with our
advertisement methods which are our official website and our social media platforms.
María is an inhabitant of the neighborhood of Salamanca who is 40 years old and has an income of
250.000$ / year. No kids.
She works at an international company as director of the social media and networking area.
Psychographic factors: knows marketing strategies perfectly, cares about the environment and nature,
knows about fashion.
Behavioral factors: buys mainly luxury products because of her high salary. Plans her purchase in
advance with advanced research. Likes to make meaningful gifts to her loved ones. Look for
sustainable products as the first option.
Frustrations: does not have patience. Is not afraid of contacting the company if she is not satisfied with
the quality of the product.
Goals and motivations. Very focused on her job and her own happiness. Achieved independence at a
very young age and wants to maintain it.
Cayetana is 23 years old, her dad is the CEO of a millionaire company and her mom is the owner of
an art gallery. She does not have an income, since she finished university and decided to go 1 year to a
spiritual retreat in Thailand. In Madrid she lives in La Moraleja at her parents home.
She does not work, but is an influencer in social media.
Psychographic factors: Studied fashion design and her preference is sustainable fashion. She cares a lot
about the environment and how everything is made.
Behavioral factors: She prefers reused clothes, since she likes to make her own. But when she has to
buy luxury items she always goes for artisan and sustainable items.
Frustrations: Because of her attachment to the environment, Cayetana is very careful with nature and
does not stand any behavior that affects nature.
Goals and motivations: Travel the world and create her own sustainable fashion brand.
PRODUCT PORTFOLIO, PRICING STRATEGY.
Bags: ECO-OPA’s bags go from luxury to daily life use. They come in all types of shapes, from
smaller ones just for the fit of a phone or a wallet along with your lipstick to go out to parties or an
elegant event, to mid size bags that you can use every day and fit the essentials on them. They also
have big bags, in which you can fit a laptop/ipad for work, university…
Wallets: ECO-OPA has small wallets just for fitting coins in, wallets just for the use of credit
cards/dollar bills and longer wallets in which you can fit both coins/dollar bills and credit cards.
Beauty: ECO-OPA’s beauty line has small toilet bags in which you can fit the necessary things when
traveling, such as toiletries, hand sanitizer, toothbrush… They also have make up bags where you can
get all of your make up and they also have small hooks to hang your makeup brushes so that you can
leverage space on it. But the best of their makeup bags is that you can give them a double use and
instead of using them for makeup you can save your jewelry there (necklaces, rings, earrings…) and
use the hooks to hang your earrings.
Travel: You can find all types of sizes in ECO-OPA handbags. We have a special size for the
necessary clothes to take on a short trip and bigger ones in which you can fit shoes too.
PRICING STRATEGY
BAGS
> Direct cost
Animals (alimentation, care, production…) 178/animal
Labour 50
Labelled 0.20
Sustainable packaging 2.60
PRICE LIST
BEAUTY PRODUCTS TRAVEL PRODUCTS DAILY LIFE PRODUCTS
Toilet Bag 350 Handbag 625 Bag 650
Jewelry Bag 300 Suitcase 700 Wallet 200
Backpack 600
BENCHMARKING
Since we are a Spanish brand, we have chosen to analyze our main local competitors.
Eventually, when we open a new farm in another country, we would study the principal
competitors of the place, to adapt to the new market but keeping in all moment, our
objectives and mission in life.
BRAND POSITION
SOCIAL MEDIA MARKETING
Advertisement in which it stands out the importance of craft work, family and nature. You get to see a
short film that takes place in a field during spring time, presenting some items of the collection spring-
summer 2023.
The first scene starts during winter, where you see an old man making hand made bags in his farm,
while his granddaughter starts to cultivate flower seeds. Later on, (already spring) you see the little girl
running down the hill while she is collecting her flowers. Once she is at the farm, the grandpa has
already manufactured the hand bags. The advertisement ends the image of the grandpa and the girl
laughing and hugging in the background while in the front it shows one of the bags with the flowers
in it.
The melody chosen tries to come alive the feeling of nostalgy and as the same time as security and
carness. The intention of the instrumental is to wake up a whole bunch of emotions that connect our
values and goals with our customers.
CONCLUSION
In conclusion, Eco Opa has a lot of potential to be successful in the market. By prioritizing
sustainability, quality, and style, we are filling a gap in the market for consumers who are conscious of
the environment and want to make a positive impact. We believe that by highlighting our
sustainability efforts we can create a strong brand identity that resonates with our audience.
We will also focus on building long-term relationships with our customers through excellent customer
service, personalized experiences, and a strong brand message. By fostering a loyal customer base and
creating a positive brand reputation, we hope to expand our reach and grow our business.
Bibliography
Godoy, M. (2021, 12 noviembre). El sector del lujo se recupera y crece un 29% en 2021. Business Insider España.
https://www.businessinsider.es/sector-lujo-recupera-crece-29-2021-963581
Alberdi, R. (2023). The 9-Step Business Model Canvas Explained (2023 Update). ThePower Business School.
https://www.thepowermba.com/en/blog/business-model-canvas