Business Plan
Business Plan
Business Plan
SUBMITTED TO:
Mrs. Nidhi Gupta SHUBHAM GUPTA
A3906414269
JATIN SINGH
A3906414359
AMAN DHAWAN
A3906414493
INDEX
1:Introduction
1.2 Product and contents
2:Research methods and procedures
2.1 Purpose
2.2 Research Objective
2.3Type of Research
2.4Method of Data Collection
2.5Data Collection
2.6Limitation of Study
3: Data Analysis
3.1 Review of Methodology
3.2Results of Research Questions
4: Marketing Strategy to Increase Sale
4.1 Find Business Opportunity in Various Organization
4.2 Business Promotion
4.3 Promotion activities
4.4 Sales visualization
5: Findings, Conclusion and Suggestion
5.1 Findings and Conclusion
5.2 Suggestion
6: Appendix and Bibliography
EXECUTIVE SUMMARY
This Is the Business Plan which we would wish to implement, the B Plan is on a
new type of probiotic green tea with Garcinia in it. This is submitted after
collection of all the relevant data and information about green tea,its contents and
different brands of green tea available in the Indian market.
Tea and coffee are the two most liked beverages by Indians and now Indians has
also started developing a taste for Green tea due the health effect advantage.Green
tea’s consumption has shown a rapid growth in the Indian beverage industry and
has been added to daily needs of people. Green tea’s increasing consumption
opens an opportunity to invest in the market. This opportunity can be best utilized
if some more value can be added to the product and this value could be probiotics
& garcinia, this will not only give us a competitive advantage but it will also help
us in branding our product.Probiotics and garcinia have their own advantages like
improving metabolism,energylevel,absorption of minerals,boostimmunity,fat
absorption etc.
For launch of any product it is necessary to study the market and research the key
areas where the product can make a difference. Key objectives for the project are:
1-To study the factors influencing the sale of product.
2-To find product awareness among people.
3-To find the demand of people about the product.
4-To find how business opportunity will be availed.
5-To find perception of retailers about the product.
For the completion of above objectives I have used both exploratory and
descriptive research methods and the data has been collected from both primary
and secondary sources.For this questionnaires, observation techniques, personnel
interviews and information on the internet has been used.The research has been
conducted in Delhi(NCR) and sample size is taken as 80 respodents of IT people,
Businessmen, medical shops and general shops & public.
The project has been done in four parts.The first part involves the market study of
green tea for which questionnaire and personnel interview has been conducted.
The market study conducted shows the following results
1-Tea is preferred by 20% of the people, 20% prefer coffee,10% prefer milk,30%
prefer both coffee and tea, 10% prefer other breverages,20% prefer green tea and
30% prefer green tea,coffee and tea.
2-Brookbond and Tajmahal are the most liked brands of tea.
3-Telley,twnings and Lipton are most preferred green tea brands.
4-Taste,quality and price are the parameters that people uses for selecting a
particular brand of tea for consumption.
5-Green tea is mostly consumed by people in between age groups of 16-30 and is
mostly preferred by women’s.
6-Most of people prefer green tea because of health benefits.
The second part of the project includes the study to find out business opportunities
in various organizations.For this I visited corporate offices, society clubs, cafes,
college canteens, food joints etc. and the results were quite satisfactory for our
product. Conversion ratio was recorded 44% for green tea and this seems and
excellent opportunity for the product to step in.
Third part involves doing sales research to examine and understand the perception
of retailers. Due to the limitation of time available it could only be done in the
retail outlets of sector - 45,41,51,125, and 18 Noida. Retailers are interested in
selling the product and most of them quoted “Logo jab green tea
laenaaeatatehaainvohumesha sari brands dekhkaae choose kartaaehaain”. This
shows that consumers give time in deciding in every purchase they make of green
tea and it also shows they demand for something more valuable in the product.
Conclusion
Green tea is an emerging product in the market but has shown a rapid growth due
to the health effects so introducing an new product with more health benefits is
beneficial as is need a right branding,heavy promotions to increase brand
awareness.
INTRODUCTION
Green tea is made fromCamelliasinensisleaves that have undergone minimal oxidation
during processing. Green tea was originated in China, but its production and consumption has
spread to many countries in Asia and the world.
The green tea market in India is growing at about 50 per cent annually and is likely to be around
Rs. 400 crore by the end of 2015-16, according to Tata GlobalBeverages Ltd.
As of now, the total tea market is around Rs 18,000- 20,000 crore, whereas green tea is around
1.5 per cent of the market which comes around Rs 250 crore.More and more tea makers are
adding green tea in their portfolio as consumers in India are developing a taste for the beverage
for its many health-promoting effects.
The image below shows the financial returns of top green tea sellers in Indiai.eTata Global
Beverages (Tata) with Tetley and Hindustan Unilever (HUL)
With lipton and Twnings, which clearly states the sudden increase in green tea consumption in
India and an opportunity to step in the market with some uniqueness in the product to beat the
competitors and develop a brand.
Source:1-https://en.wikipedia.org/wiki/Green_tea
2-http://articles.economictimes.indiatimes.com/2014-11-
02/news/55682577_1_green-tea-tea-market
3-http://wonderwoman.intoday.in/story/indians-have-started-loving-green-
tea/1/98297.html
1.1 Product
The green tea contains the leaves of oxidized Camellia sinensis with garcinia and
probiotics that makes it different from other tea.
Green tea:
Garcinia:
SOURCE:http://draxe.com/probiotics-benefits-foods-supplements/
Research method and procedures
2.1 Purpose of the research
Research objective:
To study various factors, which directly or indirectly influence
sale of product.
Sample design
Sample Size:
The sample size taken is of 80 respondents for this study
and also some oral feedback was taken in supermarket and retailer shop-
kirana and medical.
Sample area:Delhi(NCR).
Study design:
The study was done to know the perception of people and their attitude towards
product.
Sample design:
Collect primary data through exploratory research specifically fields survey by
visiting people of different area.
Questionnaire has many advantages, as they can be orally asked and easy to
collect response.
To do market survey and find out market analysis of tea (black and green tea).
Rational of study:
The purpose of this study is to assist company to know what market size is;
preference of people like flavor, health benefit of green tea and also main
competitors and their activities in the market.
Objective 1:To find out the percentage of people who prefer tea.
During the process of market survey, the first thing is to find out the percentage of
people who prefer tea daily .Out of those visited area, Information collected and it
has been noticed that most of the people prefer tea.
Interpretation:
83%people prefer tea
17% people don’t prefer tea
Out of those who don’t prefer tea they take another nutritious
product like milk etc.
Interpretation:
Most people use brook bond include Red Label and TajMahal,
80%people use this brand. This brand is old one and there is brand
awareness in society due to quality and taste.
Interpretation
People who prefer tea, out of those.
Interpretation:
Most of consumer of green tea is from sector-44 Noida, sector 62 with
percentage of 71%, 60% respectively and also saritavihar, there is good
percentage of green tea consumer.
Objective5: To find out preference of flavors of green tea
Lemon and combination of ginger and lemon flavor percentage is very low, so
they have not taken into consideration.
Interpretation:
64%people prefers lemon flavor .It is better to have lemon flavor in green tea.
34% people prefer ginger flavor
Objective 6: To find out percent category of consumption of green
tea according to age group.
Interpretation:
Maximum consumer of green tea lies in between 20-30 age group. As feedback
studied which is taken from IT sector and corporate offices. Hence more
percentage of youth group see in column chart.
Objective 7:To find out health benefits people prefer in green
tea.
Green tea is expensive than normal tea. In the process of survey, it is important to
find out why People prefer green tea and what health benefits they prefer in green
tea.
Interpretation:
Most of people drink green tea for refresh and activeness
purpose. People who prefer this health benefit generally falls under 20-30
and 30-40.
There are many different brands of green tea available in the market .It is
important to find out which brand people most prefer and who is the competitor in
the market.
Interpretation:
Most preferable brand is Lipton and Tetley, with percentage of 44% and 42%.
Objective 9:To do analysis of another green tea.
Rational of study:
The purpose of this study is to find out pricing strategy and packing of each
brand.
Methodology:
Different brands studied for the purpose of analysis.
Tetley:
10 bags in each pack
Citrus and natural flavor –Rs.50
Ginger flavor - Rs .50
Cinnamon and honey flavor - Rs .55
Ginger, mint and honey flavor - Rs .50
125 gm tea leaf- Rs .90
250 gm tea leaf- Rs .162
(Souce :http://www.tetleygreentea.com/product/prices/)
Lipton:
10 bags in each pack
Mint flavor- Rs.50
Citrus – Rs.40
Jasmine- Rs.40
(Source:http://www.liptontea.com/product/category/141438/price/lipton-green-
tea.
Twinnings:
25 bags in each pack-
Green tea with mint flavor: Rs.200
Lemon flavor-Rs.220
Lemon flavor with 10 bags-Rs.99
100 tea bags-Rs.589
200 gm tea leaf-Rs.200
Tetley gives 2% discount on each product.
(Source- http://www.mangoshoppers.com/Products/All-Products-Beverages-Tea-
and-Coffee- Tea-Green-tea/Twinings/Twinings-Green-Tea--Lemon-(100-Tea-
Bags)/pid-24).
(Source- http://shopping.indiatimes.com/health-beauty/health-teas/organic-india-
tulsi-green-25- tea-bags-box/11268/p_P14892 )
Gtee:
Economy pack (20 bags)-Rs.70
DIA with herbal supplement (25bags) –Rs.190
Lemon and ginger flavor (25 bags)-Rs.135
GAIA:
Flavor: Tulsi/ Ginger/ Lemon 25 Tea Bags-Rs.-125
Mint –Rs.130
Gives 5 and 6 % on online shops product.
(Source-http://www.madeinhealth.com/product/gaia-green-tea-lemon/NUT864)
Inference:
Most green tea has green and light yellow colour. It will be better for
product having green and yellow colour, as it is match with green tea.
Company can also use other flavor like cinnamon, tulsi, citrus
People use green tea for health benefit. It will be better to use online shops
like health
kart in addition to other also.
Most of company price per gm is Rs.2.5.
Twinning’s and Nature Treat decreases price as number of bags or gm
increases.
Mint flavor green tea has somewhat higher price than other green tea.
Company has opportunity to make green tea pack having green tea leaves.
Itcost is less
than Rs.1per gm.
To find out business opportunity and create brand awareness among the people.
Rational of study:
The purpose of this study is to assist company to find out business opportunity
and also to get IT companies to conduct promotion activities about products, so
that brand awareness will be created.
Methodology:
Analysis of survey:
Sector-127
Sector-16
Sector-2
Okhla phase-2
Different IT companies, corporate offices visited .In some corporate office, I was
able to get entry and able to get some information as follows:
Inference:
There is big business opportunity in IT companies and other corporate offices .As
student they were not allowing inside, but if official person goes, company will
get business opportunity.
Rational of study:
The purpose of this study is to help getting more business through leading doctor
.As most local doctors will get influenced due to main leading doctors.
Methodology:
Visiting different superspeciality hospitals and finding out is there any possibility
to conduct conference.
In Apollo, there was conference of dietician held for promotion of green tea .I was
part of conference held at Apollo Hospital. I learned lot of things from conference
.For new product; we need to identify leading doctor and held conference .It helps
to influence local doctor and promotion of new product by giving detailed
information about product.
To differentiate product
These supermarkets are located in different areas .Due to this I was able to get
moreinformation about green tea. Following are some information I understood
during promotion:
For better product movement, it will be fruitful to keep promoter after 6 pm, as
good customer flow start.
Need to do promotion for product movement. While purchasing, consumer takes
price and quality into consideration. 30-50 age group people were preferring green
tea.
Objective:
To observe the sale of green tea to retail chemist shops, cosmetics shops,
kiranastore .
Rational of study:
The purpose of this study is to sell product and learn to convince retailer.
Methodology:
Observation:
Some Chemist shops and kirana shops don’t prefer cash and carry.
Learning:
Patience
Retailer convincing
Price dealing
Findings and Conclusion
Findings
There are many green tea products in the market, but none of them contain
probiotics.
Also, in market there is no green tea company uses garcinia in green tea for
better weight
reduction.
There is some green tea company which gives discount .e.g.: Nature treat
on gives Rs.40
discount on 250 gm pack having price Rs.225.
Company has opportunity to make green tea pack containing green tea
leaves. It sale price
is in between Rs. 0.65 to 1 per gm in market.
During promotion activities people was asking about green tea .Awareness
about
instant green tea is slowly increasing.
Company has unique product of green tea compared to other green tea in
market .As probiotics is gives more health benefit along with green tea, it is
slowly increasing awareness in the mind of consumer of green tea .Also
none of the other brand provides green tea with Garcinia ,a herbal fruit for
weight reduction. So there will be fast movement of green tea in future.
5.2 Suggestion:
The company should give discount on green tea. During promotion many
customer told that pricesshould be reasonable.
All area should be analyzed properly for proper distribution system .In
some area retailer complained about distributor.
Sales officer should make long-term co-operation with retailers so that they
can push the product.
Sales officer should review stock placed in retailer shop and supermarket.
Many consumers take Tetley tea leaf pack as it cost less. Company has
opportunity to
come up with tea leaf pack.
In India many people suffer from diabetes, company should have green tea
naming anti-diabetic tea.
Company should come up with scheme like discount and extra etc. ,it will
be helpful to
increase sale
Most people prefer lemon and ginger flavor .It is better to have slim tea in
these flavors.