Professional Documents
Culture Documents
T I U
P
E T
RK H
E
A
A E
:
M M
A
ED Y
N
N A
N
IG Y OMP
ES L A C
D UT
O
TABLE OF CONTENTS
1) EXECUTIVE SUMMARY
• OBJECTIVE
• MISION
• VISION
• OUR PRINCIPLES
2) INTRODUCTION
3) METHODOLOGY
4) COMPETITIVE STRATEGY
5) SWOT ANALYSIS OF HEATUP
6) MARKET SEGMENTATION
7) TARGET MARKET
8) POSITIONING
9) PRODUCT OFFERING
10) PRODUCT PRICING
11) COSTUMER COMMUNICATION
TABLE OF CONTENTS
12) BRANDING PROCESS
• BRANDING STRATEGY
• BRANDING IDENTTY
• BRANDING TOOLS
• BRAND LAUNCH
13) PROMOTION STRATEGY
• ONLINE DIGITAL MARKETING
• SALES PROMOTION
• PUBLIC RELATION
14) PACKAGING PROCESS
• SPACE MANAGEMENT
• MEASUREMENT
• SELECTION
• PROTECTION
• SEAL
• LABELLING
15) DISTRIBUTION
16) VALUE STATEMENT
17) CONCLUSION
18) QUESTIONNAIRE
19) GRAPHICAL REPRESENTATION
20) REFERENCES
EXECUTIVE SUMMARY
The marketing project was successfully completed keeping in mind the various operations of
Heatup- The optimum shoe gadget in mind. It basically focuses on the target audience for
the product range and at the end suggests a host of marketing strategies and myriad
activities which will help to achieve its target.
The report gives a brief overview of the product category being dealt with premium quality of
manual and automatic shoes. It also focuses on The company’s position in the market and
various activities related to it.
Objective:
• Main aim is to increase clients by 12% every year by giving best customer
service.
• To develop start-up business, surviving of its own cash flow.
Mission:
The company mission is to attract more and more customers and to maintain the existing
ones. Our service tries to meet the needs and expectations of our customers. Moreover,
generating results with sustainability. Constant innovation drives us to be one of the most
required and famous Shoe Industry in a best possible way.
Vision:
Heatup has a great vision and focus on protecting the environment, the main aim is to be
productive and rise to a position amongst one of the leading Brands in India. We strive for a
global success to provide market with reliable solutions and new features. It further has set
goals to improve the shoe care services and products that can further increase the quality life
of the people.
Our principles:
Opportunities Threats
• The market can be further expanded globally • Changes in the economy (recessions or
• Opportunity to develop walk-in stores for our • Threat from strong competitors.
customers.
MARKET SEGMENTATION
Heatup is primarily focused on segmenting the market on the basis of Demographic factors. Keeping
age, the foremost element of segmentation the shoes are designed for each age group i.e. children, adults
and old age.
TARGET MARKET:
The target market are the people living in extreme cold temperatures all over India which includes
various cities such as Srinagar, Leh Ladakh, Shimla, Mussoorie, Manali etc. The main reason for
choosing this target market is the fluctuations of weather which makes it difficult for the people to walk
on the snow-covered surfaces during winters. We have used multi-segmenting targeting strategy to treat
each area according to their respective needs for greater satisfaction.
POSITIONING:
Heatup Position themselves in the market by providing an active lifestyle with comfort all day long with
variety of benefits like its uniqueness of providing heated insole with rechargeable batteries that help the
brand to stand out from rest of the brands.
PRODUCT OFFERING:
Heatup believes in providing quality-based products to our valuable customers. Our objective is to make the
deliveries without any delay and customer resentment. Our staff members are cooperative to handle all the
queries or problems of customers related to our product. The customers are offered full support for the
repairs post their purchase. Significant innovations are made keeping in mind all these factors.
• Our major focus was to launch high ankle and light weight shoes with built in temperature adjustment
feature to provide ultimate comfort.
• Secondly, these shoes are water and mud resistant and the waterproof membrane protects the shoes against
any form of moisture.
• Automatic temperature adjustment is also been offered with the manual button to monitor and control the
temperature regardless of outside weather conditions. While the pocket friendly remote comes along with
benefit to control the heat at the push of a button choosing from high, medium to no heat.
• Another added feature is that these shoes are anti-slip which are basically designed to prevent accidents
against slippery surfaces. The shoes are Reflective which means they are soft, water repellent, attractive,
durable and safe.
• An insole of the invention includes a rechargeable battery which can last up to 6 hours of continuous use.
Lastly, they can also be trimmed for an exact fit to your shoe size
Product Pricing
Pricing of a product is referred as one of the toughest decision which is required to be taken
While launching a product in the market. There are a number of strategies which have been
formulated by various learners but basis the nature and the targeted market for my product,
We have taken into consideration two most important strategies for pricing namely:
1. Cost plus pricing
2. Competitive pricing
Keeping in view the rationale behind the cost-plus pricing, the cost structure for the product
has been built on the basis of materials and technology involved. The cost of the targeted
product has been derived to ₹8000. Taking into consideration the competition and the demand
of same in the market, it has been decided to keep a profit of 20% above the cost price to
arrive at selling price. Consequently, the selling price has been set at ₹9600. Some of the high
in quality articles have a selling price of ₹15000 also.
The selling price of the product has been decided upon keeping in mind the purchasing power
of the consumers, necessity of the introduction of such product in the market, increasing
market penetration at the introduction stage of the product so that the consumer base is built
while the product reaches the development stage and the competitors in the market.
Material – ₹ 5000
(Upper parts, hardware, foam, electronic parts, logo printing laces, waterproofing etc)
labour – ₹ 970
(Expenses labour, overhead)
Tooling – ₹ 1200
(Tooling amortization)
Packing - ₹530
(Shoe box, hang tags, Stuffed paper)
Delivery - ₹300
(Inland trucking, taxes)
Total Cost - ₹8000
Profit - ₹1600
Selling Price- ₹9600
COSTUMER COMMUNICATIONS
HEATUP lay out a ‘‘road map’’ for speeding up the communication with its
customers. Not only in the introductory stage, Heatup has made strategic plans to
deliver post-sale communications as well. Boosting customer loyalty by providing
quality service is the company’s utmost priority.
COSTUMER COMMUNICATIONS
Open-dialogue through digital marketing – This approach is usually for customers aging
between 18 between 45, who are more active on social media. It will allow them to have end
to-end discussions related to the product issues and services. They can provide the necessary
feedback and can also mention their recommendations. Customers can reach us through our
Facebook and Instagram Accounts. The company’s official website (www.heat8up.com) and
blogs are regularly updated for the customers to escalate the conversation.
Brand Launch:
INTERNAL BRAND LAUNCH – Before introducing the brand name to the outside world a
strategic introductory program is created for the insiders so that they get the vision of what
actually the brand is and what it is going to serve to the audience.
EXTERNAL BRAND LAUNCH – The approach to be used for launching the brand to the
outside world involves a big reveal with the huge involvement of press and media.
Brand Identity:
This is the most important phase in which the company will use digitalized and traditional
methods to increase the visibility of brand over a long period of time as, the final success
depends upon market value of a brand.
PROMOTION STRATEGY
A great promotion strategy is important to develop the business and to attract the target
customers. These promotional tools will be used increase the brand awareness.
Public relation:
The PR team of Heatup works very hard to come up with the best strategies to achieve the
objectives of the marketing team and they formulate the strategies keeping in mind the taste
and characteristics of the target customers. After understanding the public, the PR team
executes a program of action to create resonance among the customers by organizing good
public events and staying connected with the media.
PACKAGING PROCESS
Space Management:
Initially the company made special packaging space in the distribution center where all the
required packaging material is placed so that work can be done efficiently plus along with this,
storage area is also maintained for proper storage of large quantity of stock.
Measurement:
Before designing a perfect shoe box all the appropriate measurements of the shoes are taken
into consideration and the box is designed according to the size of shoes by adding extra 2
inches to each width, height and length. This is done to create some extra space for covering
the shoes and padding the box which will protect them during transit.
Selection:
A brown colored recyclable box is selected and designed for attractive packaging on which the
name, logo and tagline of the company are mentioned so that buyers get a fair bit of idea
what actually the product is and the company is taking into account the environmental factors
before designing and presenting anything in the market.
PACKAGING PROCESS
Protection:
For the complete protection of the product during transit bubble wrap system is adopted in which
the shoes and remote are carefully packed so that the items are well protected until the final
consumer buys it also, the shoes are stuffed with plain paper so that the shape remains
unaffected.
Seal:
After taking all corrective measures for protection the box is made with a locking feature and
some packaging tapes are also used so that during shipment the packaging remains unaffected.
Labelling:
This is the important step in the packaging of shoes as; labeling will help the customers know
about the specification of the shoes.
BRAND LABELLING:
Under this all the brand related information is provided so that people can identify the likely
brand from the top most packaging and it also helps to attract the customers
DESCRIPTIVE LABELLING:
Under this all the specifications of the product are mentioned i.e. Article number, size, net
weight, composition and performance of both the shoe and remote.
GRADE LABELLING:
Warnings– Keep remote away from water and use only remote system is to adjust the
temperature according the need.
DISTRIBUTION
The distribution strategy of Heatup is not in the favor of intermediaries and middlemen. We
rely upon the direct distribution channels for escalating profit margins and to provide quick
service (24/7) for the Canadian market. The channels used are:-
Telemarketing sales:
The company delivers products through courier service and the interested customers can
order the shoes through email or telephone. We display informative advertisements to make
the customers cognizant about the details and specifications of the product without making
much effort. The company’s email id and contact number are specified in the advertisements
itself.
E-selling:
Heatup does not possess retail stores because digitalization is the supreme key to reach
the masses. Customers can reach us through the official website (www.heat8up.com) and
the goods are shipped to them via post or courier. The idea behind this is to build trust and
brand loyalty by directly communicating with the customers.
VALUE
STATEMENT
We strive for excellence and hold up to our values and beliefs.
We respect our customer’s safety and comfort and appreciate their proven
feedbacks.
We make timely efforts to improve our relationship with the customers and
our employees.
We address every single opinion and stand for equality and justice.
Our commitment and dedication help us to redefine the latest trends for the
people.
We value diversity and encourage close collaboration with people.
Heat Up believes in making regular innovations while keeping in mind the needs of the people.
We respect the laws and policies of the government and refrain ourselves from all the unjust
activities. We try to make our customer relationships better every single day. We work according
Gender: M F
Q1. What do you consider the most while buying a pair of shoes?
a) Comfort c) Quality
b) Brand d) Price
a) Yes b) No
Q3. What is the amount that you would spend for buying a branded pair of shoes?