Marketing
Marketing
Marketing
I. Product Description
Food business is one of the big participating industries here in the Philippines for the
reason that Filipinos are fond of eating and would like to try something new and unique for the
taste and presentation of the food. Filipinos are always integrated in having the interest to eat
food to comfort them whenever they are feeling happy or stressed out. Here in our country, we
are rich in wide varieties of food. With these elements, Filipinos will satisfy their cravings.
Filipino consumers want something unique, new and something that has never been seen before.
Potato based food such as French fries, mojos, hash browns, etc. is not new in the Philippine
market. Thus, we made additions to currently existing potato based food. The type of innovation
that we made is both duplication and extension because we use an already existing product and
Basically, Potatotastic is a one stop shop for a variety of potato dishes. In Potatotastic, it
has many varieties of potato products but it ensures that each and every single product will
satisfy and be special in terms of quality and give comfort to the person who will purchase the
products.
Potatotastic fits in the food industry because based on the industrial analysis, food stalls
are what this generation of people want. In the beginning of 2015, the potato dishes are now
starting to be popular and be known, people have created various varieties of potato wherein they
have different kinds of flavor or dips. Food stall markets are expected to continue operating in
the Philippines over the forecast period. This is why Potatotastic has a big opportunity to be a
successful food stall someday. On the supply side, more entrepreneurs are expected to be
attracted to investing in food stalls due to the relatively low investment that it requires. On the
demand side, consumers are likely to be consistently drawn to food stall markets due to the novel
experience they provide. These are expected to be popular destinations, especially among food
bloggers and young adults who like to go on food adventures with their friends.
a. Target Market
Demographic
Potatotastics target markets are the people from Buendia Food by the Court that are
looking for comfort food. Part of our target market is this group of people who wants to eat
something in order to satisfy their cravings. We want our customers to feel the comfort, pleasure,
Food parks are popular nowadays. With its surge in popularity, more and more vacant
lots will be obtained or leased out for the purpose of food parks. We may project this trend
similar to the trend of food markets like Mercato, which had a boom in 2011 in terms of new
food markets established and set up. The idea of putting up our business here is because of this
trend and that according to the George Mateljan Foundation, Filipinos are food lovers. They find
comfort in eating, anytime, anywhere. They love to eat their way out of their emotions.
Teenagers and the working class are the usual market due to being away from home almost all
the time.
Geographic
Potatotastic will be located at Buendia Food by the Court, Sen. Gil Puyat Avenue corner
Bautista & Finlandia Streets, Brgy. San Isidro, Makati City. Makati has a total population of
582,602 and has a total of 8,686 city population. Makati is the financial center of the Philippines;
it has the highest concentration of multinational and local corporations in the country. Major
banks, corporations, department stores as well as foreign embassies are based in Makati.Makati
is the 17th-largest city in the country and ranked as the 41st most densely populated city in the
world with 19,336 inhabitants per square kilometer. Although its population is just half a million,
the daytime population of the city is estimated to be more than one million during a typical
working day because of the large number of people who go to the city to work, shop, and do
business.
This is the best location for the business in serving the target market for it is centrally
located and easy to reach in the town because it is located along the highway. Since it is an urban
area, the business can easily catch the attention of the consumers. Also, according to a research
Food parks give small scale businesses the venue to thrive and profit from a captive market
setup with relatively lower costs compared to taking out a lease at bigger establishments. This is
timely as business registration of both old and new businesses continue to increase.
Psychographics
excellent product for a business. Our product will attract the Filipino consumers who crave
comfort foods. Right now, there are almost 300 million food photos on Instagram. Photography
serves as one of the most universally understood forms of communication. Food deepens that
communication, as its something that everyone can relate to. We all eat and have favourite
dishes. Its one of the few that everyone has in common. And now we have the technology that
enables us bridge the gap between our dining experiences and shared lives.
According to an article on buzzfeed, potatoes are ranked fourth from the Top 29 comfort
foods on the planet, particulary mashed potatoes. Based on New Love Times, French fries is part
of the Top 10 comfort foods that can make periods easy and according to Southern Living, it is
Behavioral
The use of social media like Facebook, where users share a variety of information every
day, not only their likes and interests, but about their friends as well. That information will be
used not only to connect consumers to advertise our products in their areas of interest, but also to
Because social networks gather such a larger amount of user information, social media
advertising is able to target your audience in a wider variety of ways than other online platforms.
Stretching beyond general demographic and geographic data, social media advertising has
opened the door to deeper interest, behavioural and connection-based targeting methods.
Social media advertising helps businesses find new potential clients by using users own
shared information to identify interest. Rather than reactively targeting users who search a
certain term, social media advertising proactively targets relevant users before they even begin
their search. Social networks are a good option for advertisers because of the advanced targeting
b. Competition
There are a lot of food stalls in the area that sell food at similar prices. Although this
presents an obvious challenge in terms of market share, it also indicates the presence of a large
and strong potential. Potatotastic offers an innovative product in a unique style at a competitive
price.
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c. Market Trends
The market trend of the business is that the products are made up of potatoes which in the
Philippines is very easy to supply because of the abundance of this kind of crop. We all know
that there are a lot of food trending today, milkshakes, silog meals, potato dishes, frappes and
etc. Usually most of the stores showcase a single product and make it there specialty or mark.
For the opportunities in terms of Political, according to R.A. 7900 or also known as High-
Value Crops Development Act of 1995 is an act to promote the production, processing,
marketing and distribution of high-valued crops, providing funds therefor, and for other
purposes. Providing government budgets for such causes will be easier for us, entrepreneurs to
establish the business, at the same time, the enterprises success will help in the countrys
economy. For economic, according to an article on Business Insider, potatoes are ranked fourth
in the top ten most important crops and number one non-grain food product in the world makes it
month of the year, access to the crop is not of question. Gaining easy access to our supply since
potatoes are produced quickly in the market and there is high demand, we can easily provide the
potatoes. The availability of potatoes in the market is on the great advantage of our side as
food lovers. They find comfort in eating, anytime, anywhere. They love to eat their way out of
their emotions. Teenagers and the working class are the usual market due to being away from
home almost all the time. Since Filipinos love to eat comfort food and potatoes being the
ultimate comfort food, selling potato based food products is an excellent product for a business.
Our product will attract the Filipino consumers who crave comfort foods. Lastly in
technological, these technology tools are great opportunities in becoming a key ingredient in
promoting the business so we should advertise our potato products mostly via social networking
sites. The strategies to help maximize these opportunities are the use of advertising and sales
strategy. We will use coupons and discount cards wherein you can get either ten or twenty
percent off for your first purchase and stamp cards wherein you can get a stamp every purchase
and when you completed the six stamps, you can get a free potato product of your choice.
For the threats, in distribution channel, often, distribution relationships are well established
and may prove to be a strong barrier to entry for a new company. A new entrant will obviously
need access to these distribution channels but will need to invest extra in order to engage
distributors who have established relations with existing competitors. Most potato based food
products, such as Potato Corner, Potato Madness, and Potato Giant etc. are placed in mall,
schools and offices. To encourage customers to avail our product, Potatotastic will optimize
social media accounts. Through this, we could inform the people about our products. In
bargaining power of consumers, the restaurants in the food park also provides different kinds of
comfort food, thus, we will create social media accounts such as Facebook and Instagram and
other websites that posts information and reviews regarding the place, price, product and
promotion of the business. The strategies that will be used to minimize these threats is
advertising strategy which is mostly through the use of social media accounts.
d. Market Survey
__________
3. Will you purchase a new potato a) Strongly agree
d) Somewhat unlikely
6. Do you consider the packaging as a
decision?
a) Strongly agree
c) Neither agree or disagree
b) Agree
d) Disagree
d) Disagree
c) Sad
d) Taste
d) Stressed
e) Convenience
e) No Particualar Mood
8. How many servings do you consume each change your mood or improves it? If so, rate
time you buy potato products? the change from 1 to 5. With 1 being no
a) Less than one serving change, and 5 being large change toward the
c) 3
9. When do you usually consume potato
d) 4
products? You can choose more than one.
e) 5
a) Angry
11. Rate from 1-5 the following potato products which you are most likely to buy 1 being the
French Fries 2
5 1
4 Mashed Potato
3 5
4 2
3 1
1 5
Potato Wedges 4
5 3
4 2
3 1
Survey Results
Out of 50 participants, 40 % said that they eat potato products twice a week, 30% said that they
eat potato products once a week, 24 % said that they eat potato products thrice a week and the
rest said that they eat potato products either four times a week.
Out of 50 participants, 38% said that they are willing to spend Php50-100 on a potato product,
34% said that they are willing to spend Php150-200, 26% said that they are willing to spend
Php100-150 on a potato product and the rest said that they are willing to spend below 50 on a
potato product.
Out of 50 participants, 58% said that they are very likely willing to purchase a new potato
product if it is launced in the market, 36% said that they are somewhat likely willing to purchase
a new potato product if it is launched in the market and the rest of the participants said that they
are either neutral or somewhat unlikely willing to purchase a new potato product if it is launched
in the market.
Out of 50 participants, 50% said that they strongly consider the price as a factor affecting their
purchase decision and 50% said that consider the price as a factor affecting their purchase price.
Out of 50 participants, 50% agreed on considering the marketing and advertising strategy of the
product as a factor affecting their purchase decision, 42% said that strongly agree on considering
the marketing and advertising strategy of the product as a factor affecting their purchase
decision, 6% said that they neither agree or disagree and the rest said that they disagree.
Out of 50 participants, 58% said that they consider the packaging as a factor affecting their
purchase price, 36% said that they strongly consider the packaging as a factor affecting their
purchase decision and the rest said that they either disagree or neither aagree or disagree.
Out of 50 participants, 54% said that taste is a factor they consider for trying/buying potato
product, 24% said that they consider the marketing/advertising strategy as a factor for
trying/buying potato product, 18% said that they consider the price as a factor for trying/ buying
potato product and the rest said that they consider convenience as a factor in trying/buying potato
product.
Out of 50 participants, 50% said that they consume more than one serving each time they buy
potato products, 46% said that they consume one serving each time they buy potato products and
the rest said that they either consume less than one serving or unsure od serving size each time
Out of 50 participants, 48% said that they usually consume potato products when they are happy,
32% said that they consume potato products in no particular mood, 14% said that they consume
potato products when they are stressed and 6% said that they consume potato products when they
are sad.
Out of 50 participants, 50% said that from 1-5 their mood changed into 5 after the consumption
of a potato product, 40% said that their mood changed to 4 after the consumption of a potato
product and 10% said that their mood changed to 3 after the consumption of a potato product.
As to potato food products, the respondents are most likely to buy french fries. While the
respondents rated neutral on buying potato wedges, mashed potatoes and twiced baked potatoes.
Filipinos are food lovers. They find comfort in eating, anytime, anywhere. They love to eat
their way out of their emotions. Teenagers and the working class are the usual market due to
being away from home almost all the time. Since Filipinos love to eat comfort food and potatoes
being the ultimate comfort food, selling potato based food products is an excellent product for a
business. Our product will attract the Filipino consumers who crave comfort foods. The
strategies to help maximize these opportunities are the use of advertising and sales strategy. We
will use coupons and discount cards wherein you can get either ten or twenty percent off for your
first purchase and stamp cards wherein you can get a stamp every purchase and when you
completed the six stamps, you can get a free potato product of your choice.
Distribution relationships are well established and may prove to be a strong barrier to entry
for a new company. A new entrant will obviously need access to these distribution channels but
will need to invest extra in order to engage distributors who have established relations with
existing competitors. Most potato based food products, such as Potato Corner, Potato Madness,
and Potato Giant etc. are placed in mall, schools and offices. To encourage customers to avail
our product, Potatotastic will optimize social media accounts. Through this, we could inform the
people about our products. The restaurants in the food park also provides different kinds of
comfort food, thus, we will create social media accounts such as Facebook and Instagram and
other websites that posts information and reviews regarding the place, price, product and
promotion of the business. The strategies that will be used to minimize these threats are
advertising strategy which is mostly through the use of social media accounts. We will be
posting online coupons and discounts wherein customers can just present it through their mobile
phones and then they will automatically get either ten percent off or twenty percent off of their
purchased product.
a. General Description
Potatotastic will have its first branch at Buendia Food by the Court, Sen. Gil Puyat Avenue
corner Bautista & Finlandia Streets, Brgy. San Isidro, Makati City. As a business start-up, capital
is limited. According to Schieltz of Demand Media a kiosk can be a good way to start a business
on a small-scale level, expanding if things progress smoothly. Like what Schieltz mentioned,
Potatotastic will expand the business once there is a stable sale on the first years of the business.
Aside from kiosk, Potatotastic will also have its own website/social media account where
announcements of sales and available products will be posted for the customers to be guided
accordingly.
Potatotastic will use in making menu will come from different trusted suppliers. That Potatotastic
can use to prepare other variety of dish through this distribution channel Potatotastic can
communicate directly to our customers and make them satisfied. A small kiosk yet eye catching
for the customers because of its concept and a quality food product that can satisfy the cravings
of the customers. Potatotastic plans to accommodate customer needs and wants through the
feedbacks and suggestions of their customers using. In that way, Potatotastics management can
address them effectively. Moreover, social media marketing will be also use to easily reach the
c. Packaging
In terms of the presentation of the food served, the food will be placed in an attractive
paperbox which is eco-friendly. The color of the paper box will be brown because the owners
believe that this color has its own meaning wherein brown is associated with strength and
solidarity, comfort and earthiness. It is the package that motivates some consumer to buy the
product. The packaging is peculiar compared to other store that will avail customers to eat and
drink easily at the same time comfortably the product they desire. As part of engaging the
product in an Eco-friendly way, Potatotastic will use the paper box as a substitute to plastic bag
for its packaging and it is also classy to utilize. The logo will be placed in front and in the back
portion of the packaging. The business contact number will be placed below the logo in both
d. Pricing
Basically what we did in the pricing is that we got the cost per unit of each ingredients that
will be used in each potato dishes. After that, we added all the cost per unit of the ingredients in
each potato dishes then we multiplied the total cost per unit by two and came up with these
prices:
Competitive Position
Potatotastics advantage from the competitors is that it offers a different kinds of potato
dishes that is unique to the eyes of the consumers because as what the owner has observed, when
you are talking about potatoes the first thing that will come up to the mind of people are French
Fries, Hash Browns, Mojos and etc. why not innovate something that will capture the taste
preferences of the consumers. The company may be advantageous with the location because
there are only few competitors near the place that focuses on unique potato dishes.
e. Branding
The name of the business is a combination of the words potato and fantastic. Fantastic
literally means extremely good or extremely high or great. The owners of the business would like
to show that the products are so good that it will definitely satisfy ones cravings and give them
The company will showcase an affordable and good quality of potato dishes. It will have its
eco-friendly paperbox so that the people will be surprised and the same time, the business is
f. Database Marketing
Bitebox will make their own database marketing in order for them to improve profitability,
sales, communication within their customers, and improve product and service development. The
employee will be giving forms to the customers wherein they can write their comments and
suggestions that they know can help improve the operations of the business.
g. Sales Strategies
Our sales strategies is building relationships and winning customers. Part of it will
include always, always, always agree with the client. No matter what the buyer says, states or
demands, we should, under no circumstances, ever disagree or make the buyer wrong or suggest
their request is impossible. Once we perfect this simple strategy, it will save our sales. Also, we
will ask them questions and let them tell us their wants and needs. We will turn our weaknesses
into strengths. Customers may not know our business yet (a weakness) but they wont have
negative preconceptions either (a strength). We may not have an expense account for a fancy
dish (a weakness) but you can show your customer that they dont waste money (a strength).
Another thing that can be done would be the database. In this database, the staff can call random
customers on the database, ask for feedbacks and introduce new promos and products as well.
h. Sales Incentives
Product promotion is one of the ways to attract new customers. The following are ways in which
Product Samples As mentioned, during the first weeks of the business we will be giving free
taste for different kinds of potato dishes in order to introduce the new products to the market.
Coupons/Promo We will be giving away free coupons to the customers and will also provide
free online coupons. Promos may vary depending on the event/season influencing the buying
behavior of the customers by offering buy one get one free, buy 1, get 10% less on your next
Discounts - Buy 1 take 1 promo, Get 10% off on your next visit, 10% off on your first order.
Reward card - Join the reward card and get a free meal on your birthday, Get a 10% off on your
visit, earn your points and redeem it with your desired meal.
Raffle - chances to win a prize (e.g., calendar, umbrella, mug, tumbler, japan products) through
social media (facebook) who liked the page, through list of names who registered in the school
bazaar, events; seminars and from the database list who received the product sample.
Collecting Stamps During every purchase of any product you can get a stamp. After collecting
all six stamps, you will get a free potato product of your choice.
i. Advertising Strategies
Promotion is divided into two parts, the online promotion and the actual promotion. In
online promotion, the business aims to post and advertise to the three most popular networking
sites in social websites. These are namely Facebook and Instagram. It will have its own page in
Facebook and Instagram for product promotion. This is very advisable since the people in this
generation are always engaged to the internet today. An advantage to this kind of promotion is
that it will cut costs but at the same time target many people in terms of promotion.
The secondary promotion of the business is the actual promotion. Through the use of
word of mouth, the people will be able to know more about Potatotastic because a person puts
their reputation on the line every time they make a recommendation and that person has nothing
to gain but the appreciation of those who are listening. Another thing is through flyers and
posters it will be placed in the schools wherein the students and teachers will pass by it. By this,
more people will be able to see these posters and they will be more curious to try out the pleasure
of Potatotastic. The owners will also advertise their products to Radio Natin which is the radio
station in town. On its opening day, the first 10 customers will be given coupons entitling the
holder to a 50% discount on any item, one item per coupon per transaction.
For the future promotion, there will be a loyalty card wherein it is availed when you pay
500 pesos and there will be a 10% discount every time he/she orders in the store. Advertising
through school fairs like foundation day, family day, seminars, birthday parties etc. would be
very helpful because a lot of people are attending to these kinds of activities which will help the
business to gain popularity and because this may increase the customers awareness of the
business and at the same time it connects with its target market. . This will also decrease the cost
of the publicity of the market compared to broadcasting through the televisions which are very
expensive. Potatotastic wishes to have it slow and have a step-by-step process yet a very
j. Public Relations
To retain loyal customers and attract new potential customers are every business goals. In
achieving that goal, high-quality customer service/s is needed. Snack Republic values and
focuses more on their customers as they value their business image because it serves as their
competitive advantage. Communication among their customer may secure and develop customer
relationship and may also gain trust and loyalty among them.
k. Networking
Customer Referral Incentive Program - the customer referral incentive program is a way to
encourage current customers to refer new customers to your store. Free products, big discounts
and cash rewards are some of the incentives you can use. This is a promotional strategy that
leverages your customer base as a sales force. Potatotastic will Give an incentive to people that
where at first there would be only a few customers, and with those few customers, the business
will build stronger and closer relationships with them. Listed below are some techniques that will
Keeping in touch The owner will visit the kiosk once in a while and then have some
friendly conversations with the present customers, how they are doing and some
customers feel that they are important to us. Once we know their personal preference, we
what happened and will do our best to solve the problem. The lessons learned from a
particular issue would be discussed with the employees to avoid repeating the same
problem.
Expected outcomes upon the success of the customer services activities listed above will
build up more customer-centric organization, increase satisfaction that will generate an increase
in loyal customers. Upon increasing sales in relation to increase on loyal customers, the business
will improve more of the quality of food and services and motivate a better performance of the
management. With this, the business will create a great image and competitive advantage and
standing in the industry, which will also contribute to an increase of potential customers.
a. Advertising targets
b. Sales targets
c. Projected sales
Shares
a good business
strategy.
purchase
order
P 10, 500
P 10, 500
P 21, 000
Service Staff the one attentive in catering to the needs and wants of the customers like
asking for the customers orders and giving the product to the customer
Operations Staff the one who knows the specific ingredients, measurements and
power so that the advertising campaign can nullify the threats coming from rivalry among
competing firms and responsible for publicizing goods or products of the business
Bookkeeper the one who records the day to day financial transactions and complete the
posting process
networks, etc.
Potatotastic have identified some advertising strategies that would be use once the business
starts.
Social Media - With the ever increasing popularity of social media, a major advantage of
boundary limits. A major challenge is the evolving field of interactive advertising, which
poses new challenges for online advertisers Potatotastic intends to construct a Facebook
page and instagram account for the business in order to promote Potatotastic to the social
media world.
Conduct special theme, use ethnic holidays, charity promotion night, classes, etc.
a. Management by objective
Key Result Area Objective Status
recommendation to improve