Marketing Plan
Marketing Plan
Marketing Plan
Acknowledgement
By the grace of Almighty Allah we have completed our market plan
under the supervision of our course teacher Mam Sarah. I would like
to convey my heartfelt thanks to Mam Sarah, who gave us such an
opportunity to work on such assignment because of which we
learned to design a Market Plan.
She always gave us valuable suggestions and guidance for the
completion of our Plan. She helped us to understand and remember
important details of the project that we would have otherwise lost.
Finally, yet importantly, I would like to express my heartfelt thanks
to my beloved parents for their blessings. And we have completed
our plan by the team work and coordination of our group members
who are Mehak, Wajeeha, Sobia, Faiza and Manahil.
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Executive Summary
Increasing consumer awareness regarding the dangers of excessive UVA and UVB
exposure has worked in the industry's favor by boosting demand for sun-protection
products. Therefore, sun-protection products have become increasingly popular over the
past five years. The future looks bright for the Sunscreen industry, so we planned to launch
a new product called Neo-rella sun block cream. It will be a product of convenience for
the consumer and a multi-functional sun block cream for all kinds of people. It will be an
essential need and multi-functional sunscreen for every citizen. With the help of our
technical supporter, this supper sunscreen can figure out many problems.
Neo-rella will give protection from UV rays of sun beside it will also slow down the
development of black heads, premature aging skin. It will also work as a moisturizer,
water resistor and will be marked as the SPF (Sun Protection Factor) 60. We will be
targeting young adults who go to college, university, men and women who do jobs and
spend most of their time in outdoor activities so that sun doesnt damage their skin, as the
age group will be between 18-40 years, in a medium level price market. We will be
introducing our product in different areas of Karachi, therefore our product would be
affordable to customers belonging to every class but we will mainly focus middle class
group.
In order to create awareness in customers mind; we will reinforce the brand name, point of
product differentiation through media channels like T.V, Facebook, twitter, websites and
billboard. Personal selling will also be focused. We will also enrich the customers with
free sampling and testing.
So in our plan we focused on the following aspects:
1. We will be providing information on successful marketing strategies which are used to
launch the product in the market
2. We will be providing details about key competitor, segmentation strategies, and
distribution strategies/channels.
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Consumers are facing certain skin problems because of sun rays, as they are damaging
their skin in various ways.
So we analyzed their problems and need to safe their skin and in order to fulfill the needs of
our customers and generate revenue by creating a demand for our product we introduced a
sunblock with SPF 60, it also works as a moisturizer, water resistant and also controls the
development of black head.
The Solution
BUSINESS MISSION
In order to achieve our Vision, Neo -Rella commits to the following:
Neo-rella mission is to provide glamour,
excitement, and innovation to consumer
through high-quality products at affordable prices.
The company is moving into an era of
"transforming the beauty industry."
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the
occur
blackheads.
Premature aging skin: People are facing problem of aging skin and sun exposure is one
the major reason for it. Unprotected skin that is exposed to the sun becomes more mottled
in appearance. Freckles can turn into brown sun spots, the skin takes on a dry, leathery
appearance, and wrinkles and sagging increase. So our sunscreen would protect the skin
from such effects.
Dry Skin: Our sunscreen would work as a moisturizer as in winter our skin gets dried as
dry skin very commonly produces itching, which can be severe and interfere with sleep and
other daily activities. Repeated rubbing and scratching can produce areas of thickened,
rough skin. Dry, thickened skin can crack, especially in areas subject to chronic trauma
(e.g., hands and feet), causing painful cracks in the skin. Dry skin and scratching may result
in dermatitis when the skin becomes red (inflamed) in addition to dry and scaly. Round,
scaly, itchy, red patches scattered over the legs, arms and trunk may also appear.
Water Resistant: Our sunscreen would protect the skin in water also like during
swimming.
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Market Description :
o Segmentation
Our product segmentation will be on the following basis:
o Geographic:
Area: Karachi
Here, we make strategies for individuals
different places in Karachi and how will our
available in all super stores and general stores
Karachi in different segments according to areas,
states, regions and markets.
living at
product be
etc. Divide
o Behavioral:
Occasions: Usually busy in outdoor
like going to school, colleges, universities and
doing jobs.
activities
We mainly target middle income group but we will make sure that our product
would delight higher income group as well.
Targeted Market
Narrow segmentation is avoided because sun care products are important for all
individuals. Mainly focusing on
The young adults who spend time outdoors. As they go to schools, colleges and
universities and sun could damage their skin in different ways.
Women and men in their mid-thirties who tend to stop using sun care
products. Especially those men and women who do jobs, they have to
care of their skin as they go outside more than the house wives. As regular
use of sunscreen appears to significantly slow the process of skin aging
middle-aged men and women so it is preferred for both. A study
revealed that adults up to age 55 who put on sunscreen more
frequently had 24 percent less skin aging compared with
men and women who used it only occasionally.
take
daily
among
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We work hard in order to improve their quality of the product to gain customer satisfaction
packaging is also
Product Mix:
USP: A special anti-UVA-UVB filtering system gives extra protection to the skin, a
water resistant and has moisturizing properties because of organic ingredients. Also
controls black heads and premature aging of skin.
Levels Of Product:
o Core :
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Give protection from uv rays of sun beside it also slows down the development of black
heads, premature aging skin.
o Actual:
It helps to prevent black heads, facial brown spots and skin discoloration
Brand name:
The name of the product Neo- Rella
Features:
1. Spf 60 formula:
The SPF factor refers to how much longer it will take the skin to burn with the specified
SPF than it would take to burn with no protection at all. So, we used a higher SPF formula
in our product which provides longer lasting protection as compared to the other sun block.
2. Water resistant:
Sunscreens, however, can be water-resistant. So our product contains a water-resistant
which means rating of 40 or 80. Sunscreens that have a water rating of 80 might state they
are Very water-resistant.
3. Moisturizer and sunscreen:
Our sunscreen would work as a moisturizer as in winter our skin gets dried as dry skin very
commonly produces itching, which can be severe and interfere with sleep and other daily
activities.
4. Act as physical barriers to UV rays:
Neo-rella creates a physical barrier against the sun's rays. They physically block or scatter
both UV-A and UV-B rays. ), our product with an SPF of 80, would let a user remain in the
sun 60 times longer without burning.
5. Black head control:
Black heads are easy to spot on the skin because of their dark color, although they are
slightly raised. So our product NEO-RELLA also has a black head controlling effect.
Design:
Suitable and attractive packing.
Quality:
We give a best-quality product for our customers as they want innovated sunscreen
Best quality assurance would be our first priority. This would be ensured by
Augmented:
We give money back guarantee of our product in case of any harm or damage to the
user skin.
Feedback will be received by social media, or by marketers
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Our product has a number of direct competitors who are competing with us because of their
features and they are Neutrogena Ultra Sheer Dry Touch Sunblock, Lakme Sun Expert
Fairness Body Sunscreen Lotion and Lotus Herbals Safe Sun Absolute Broad
Spectrum Anti-tan Gel, Cooling Sunscreen. The Strength for our
competitors are that it is a highly popular brand due to advertising and
marketing, has strong R&D capability, High number of Variants
Available, excellent distribution network that would be a threat to
us.
And their weakness is that they have high prices and less
features and their opportunity is that beauty products market
is
growing with a significant rate so their products demand would also
increase.
And as we are entering in to the market so we may be a threat to them
in future
because of our product features and prices.
o
Competitor
Neutrogena Ultra
Sheer Dry Touch
Sunblock 118 ML
SPF
50+
SPF 24 PA ++
Features
Waterproof,
sweatproof, resists
rub-off , Noncomedogenic (won't
clog pores), Oil free
and PABA free, With
helioplex broad
spectrum ,
UVA+UVB PA+++
ultra-light clean feel
Leaves skin soft and
smooth waterproof
Dermatologist tested
Enriched with
antioxidant rich
ingredients such as
aloe vera and orange
flower extracts that
corrects past sun
damage and dark
spots and helps
reveal fairer and
more even skin tone.
Price
1,050.00
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Lotus Herbals Safe
Sun Absolute
Broad Spectrum
Anti-tan Gel,
Cooling Sunscreen
SPF 30
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STRENGTH
WEAKNESS
OPPORTUNITIES
THREATS
men and
outdoor activities for slow downing
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o OBJECTIVE:
The marketing objectives of this plan are to increase awareness among consumers and built
better consumer loyalty
During the initial year in the market, our objective is entry large volume of
sales of 90,000 units.
Our second year target is promotion of our product in different cities.
o ISSUES:
First of all, the results of marketing research might be wrong, it is significantly important
that the information collected from the real market is accurate because the results would
affect the following decisions made on the product planning process, for example, pricingthe price may be too high in compare with the similar sunblock that already exists in the
market, therefore, customers will lose interest on our product.
Moreover, once the business gets started, there may be problems with customer relations; it
is required to pay much attention on customer services because basically, despite the
performance of the product itself, customer service promotes the next purchase
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Marketing Strategy
Positioning:
As our product is innovative so we have a great chance to have a good market positioning
in the customers mind by providing them convenient, unique and value added product for
personal use and it is good for skin
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Place
There are many brands out there who supply their products on different shops for sell. Place
means the areas where Neo Rella Sun block is distribute and spread out. It should be
distributed so that it is within the reach of normal customers also. Means intermediaries are
involved. That is first type of marketing but as far as Neo Rella Sun block is concerned,
we will have our own Outlets where all the
products of Nolo Cosmoceuticals are available. We
will consider selective distribution of our product Neo
Rella Sun block is available at all supermarkets,
mostly at all grocery stores and shopping malls too.
All variables are interlinked where the main
ingredient of promotion and advertising plays an
important role in the success of Neo Rella Sun
block sales other than other elements such as
quality, packaging, etc.
Promotion/ Marketing
Communication
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We will use a pull marketing strategy directed at end users. In this competitive market it is
very difficult to persuade women to switch
brands.
Following are the ways adopted by us
order to create awareness in
customers mind; we will reinforce the
brand name, point of product
differentiation through:
in
made, touch
Kaif.
Social Websites: Because social websites are become more easy medium for
communication to deliver our product information
Twitter: We will also do promotions on twitter by creating an account of our company and
following certain people, brands and companies.
Websites: We will also create a website of our company where we would mention detailed
information of our product in order to create awareness and attract customers.
Facebook page (NOLO): We will also create a page on Facebook named Nolo for the
promotion of our product.
Free testing/sampling: We will also enrich the customers with free sampling and testing so
that they would be able to create an image of our product in their mind and give responsive
feedback. We will arrange Kiosks near schools, universities and offices etc.
Billboards: We will also place billboards along highways and busy streets as people will
see our advertisement. Therefore, people will notice the billboard whether they like it or not.
Another added benefit is that many people travel the same route repeatedly, such as with
their commute to work each day. This means that they'll see our billboard regularly, which
makes it more likely to stick in their minds.
Personal selling: We will also focus on personal selling by approaching the customer
personally and describing our product and its features briefly.
Marketing Research
A careful market segmentation is critical to successfully selling products; you need to
understand what makes different consumers tick and how best to reach them. We
conducted an impressive market research campaign that can be modeled by other firms. We
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also revealed significant demographic differences between men (who go for convenience),
women (who gravitate towards more luxurious products) and young adults. Through the
use of surveys and focus groups we were able to determine the attitudinal differences
between distinct segments of consumers. We used this research to develop our unique brand
positioning that includes making sun care as simple as possible, providing education about
the importance of protection and finding ways to reinforce that protection message.
Marketing Organization
Nolos chief marketing officer holds overall responsibility for all of the companys
marketing activities. The figure below shows the structure of our marketing organization.
We have hired qualified managers who would carry out certain marketing activities of our
company.
Action Programs:
We will launch our product in June as in June hotness is on its peak. The following actions
that we will use during first three month are as follows:
In order to create awareness to dealers for our product, we will issue 10 Million rupees for
sale promotion campaign. We will give the detailed information about product to the
dealers & retailers.
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We will launch our product in June. After launching the product we will focus on
production according to demand supply & market forces. According to the good feedback
from the customers, we would like to extend our scale. Because of the scale of our
company we will get more share of the market, we would like to corporate with other
companies. Along with this strategy we will also focus on advertisement by T.V, newspaper
& internet.
In July we will change our promotion strategy for our product according to current
marketing situation.
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Quantity
Price per unit
Estimated Sales unit
Total revenue
Cost
Material cost
Labor cost
Total cost
Profit
Total Profit
Less Operating expenses:
Advertising expense
Salary expense
Wages expense
Transportation expense
Utility expense
Miscellaneous expenses
Total expense
Net Profit
Per unit
500
350,000
175,000,000
500
250
750
250
175001750
10,000,000
5,000,000
100,000
10,000,000
20,000,000
1,500,000
46,600,000
221,601,750
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Conclusion
As we are new to the market so it will take time for us to penetrate in the market. But our
brand will be introduced with unique features that would satisfy the
customers and will create a stable position in the market. Because of
its
unique composition it will adjust with many popular
brands. Neo-Rella Sun Block will surely take their,
customers attention because it has got all what a girls/women and
men
needs for skincare.
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