by: b. a., m. r., m. z., and s. n.. * executive summary * product conception * domestic forces *...
TRANSCRIPT
By: B. A., M. R., M. Z., and S. N.
*Fourpaws TM
*Table of contents
*Executive summary
*Product conception
*Domestic forces
*International forces
*SWOT analysis
*Sample questions
*Marketing strategy
*Product conception
A vitamin water that customers could bring to the park and/or on a car ride
Our water contains the vitamin glucosamine
*Product conception
*Our water is good for all dogs and cats
*Whether they are young or old
*Helps growing joints
*Helps aging animals
*Inexpensive, so consumers can afford
*Our bottle has a screw cap, so easy to go convenience
*Created water and milk that contains glucosamine for cats and dogs
*Product idea
*Our product will help to maintain the health of consumers pets,
*Our product has to benefit cats and dogs
*Target market has to be willing and have the ability to buy the product
*Need to get advertisements out
*Conducting business in our Morocco plant
*Domestic marketing
strategy
*Competitive forces – most people let their cats drink regular milk, and dogs drink tap water
*Economic forces- the economy is currently down and people are cutting back on expenses
*Political forces – we are not importing or exporting, due to having a factory in Morocco.
* Domestic marketing continued
*Legal forces – our product has to work with the FDA(food, drug, and administration), to comply with all rules
*Technological forces – bottles are made out of PET (Polyethylene terephthalate), consumers are not happy with PET, as more people complain will need to make bottles out of newer materials
*Socio-cultural forces – Younger generations are very into taking care of their pets, will work in our favor
* International marketing strategy
*Competitive forces – tap water throughout the country, and milk from farm animals
*Economic forces- the country is very poor, and many people are unemployed, also many people are starting to rely on internet shopping
*Political forces- the king is extremely important, need to have his approval
* International marketing continued…
*Legal forces- Work with the FDA in Morocco, to make sure product is up to standards
Technological forces – this economy is not growing very rapidly, and are behind on some of their technology, makes it harder to advertise
*Socio-cultural – there are many wild animals, and as a culture, they might not consider it important to waste money on pets
Strengths*Our company is well-known
*Have a developed customer base
*We have 26 operating plants
*We have a plant in Morocco saves on spending money, no need to import
*Our company new worth $14 million
Weaknesses* Competing for customers to
spend their money on our product
* Economy down, people not willing to spend extra
* Specialized product, limits customer base
* Starting at PETCO’S, nationwide limits who we reach
*SWOT analysis
Opportunities*Educate consumers on
ways to take better care of their pets
*A new avenue to make a profit
*Our market share is rapidly growing
Threats*Once our product is
released, there will be similar products being produced
*Consumers in United States are leading toward internet sales, our product will cost too much to ship
*SWOT analysis
*Sample questions
*Do you own a cat or a dog?
*Would you buy our product again?
*How old is your pet?
*How did you hear about our product?
*Are you willing to spend money on a product, you can get from your sink, or from milk out of your fridge?
*Would you recommend our product
*Additional questions
*Did the protect satisfy your needs?
*Do you think our product is reasonably priced?
*What age bracket are you in?
15-25
25-35
45-55
60- or older
*Marketing strategies
*Our target market is
- primarily women, or young men
- all economical classes
- animal lovers
- ages 18-45
We intend to go to PETCO, or Hannaford to start to inform people of our product, also at the PAWsitively fair
* Marketing cont.…
*Product strategy – creating a product that is inexpensive, and that animals do truly need
*Pricing strategy – to offer competitive prices, so that we can compete for the consumers dollar
*Distribution strategy – placing our products in pet stores, and MSPCA’s, also veterinary hospitals, easy to get for customers
*Promotion strategy – offer first time customers coupons to get interest in product
* Pricing strategy, domestically
*We plan to sell our individual bottles for $2.00, they cost are company $.40 to make, so each bottle we are making $1.60 profit
*We want to offer consumers a chance to buy a pack of 12 bottles, so that they do not have continuously run to the market, the case sells for $10.00, to offer an initiative to buy it
*On the case we make a profit of $5.20
* In Morocco we are charging one euro for a bottle of our product, and seven euros for a pack of twelve
*Promotion strategy
Buy one bottleGet a second bottle for half offExpires 06/05/2011
½ off
*Promotion strategy
*We are selling our items at the PAWsitively Green carnival
*We rented out a booth for $150.00, and we plan to sell over 500 hundred bottles with the crowd that shows up, which means a profit of $850.00
*Our product will be displayed in their newspaper, and our pamphlet will go into doggie bags
* Our product is extremely beneficial to all pets, it helps them with their joints while growing, and helps aging dogs feel less pain.
* Our product requires little work, and makes a huge difference in your pets life
* Will save money in the long run, will cut costs on going to the vet
*Why buy?…..because they are worth it
*Distinctive Doggie & Cattie Company
*123 Main st.
*Boston, MA 02108
*Phone (617) 555-4444
*Our corporate office