I. Company Analysis Short Profile of The Company
I. Company Analysis Short Profile of The Company
I. Company Analysis Short Profile of The Company
Company Analysis
Founded in 2014, the founders, Joe Lemay and Jake Epstein, were just dreaming back
then in Boston about how they are going to make the idea of a reusable notebook a reality. They
have faced huge obstacles and countless skeptics early-on as they work to reinvent a centuries-
old industry. Through a mix of crowdfunding and some disruptive breakthroughs with material
and digital technologies, Rocketbook notebooks have gone on to become top-selling notebooks
on Amazon and around the world. From that moment, it is a dream come true to come full circle
when they were drafting plans on cocktail napkins to being acquired by BIC. The founders had
their partnership with BIC Company, helping them to expand their list of retail partners,
Rocketbook has been a rapidly growing company, expanding its product line to more
than 10 products. Rocketbook’s flagship products include the Core and Fusion notebooks,
reusable notebooks that feature Rocketbook’s patented reusable technology. The notebooks’
synthetic paper allows the user to write smoothly with a pen, marker and then wipe the page
clean with a damp cloth, enabling to use the notebook again and again. Powered by the
Rocketbook app, users can send and access their scanned pages in a variety of cloud services,
such as Google Drive, DropBox, Evernote, iCloud, Slack and more. Sold online on Amazon,
www.getrocketbook.com, and other retailers for less than $40, the Rocketbook Core notebook
to more than 35% every year. The acquisition will further grow and enhance Rocketbook’s
audience on a global scale, as well as the BIC’s positions in the Stationery category by entering a
new growth segment. Digital writing is comprised of four main segments: reusable notebooks,
smart pens, slate tablets, and stylus pens. By 2025, it is expected to reach 4 billion euros in value.
The addition of Rocketbook’s affordable and innovative range of products to BIC’s existing
writing instrument portfolio will offer consumers a comprehensive and sustainable ecosystem to
write and create. BIC Corporation was advised by Nfluence Partners LLC and Finn Dixon &
Herling LLP, while Rocketbook was advised by Jon Pratt, Managing Director at Duff and
“We imagine an infinite future that links cognitive and digital worlds. By creating solutions that
evolve the way we capture and share ideas, we help change the universe at the speed of light. We
believe fearless customer-driven innovation will always launch our greatest adventure, so we
create tools that help our fellow explorers discover the ideas of tomorrow.
We believe big ideas don’t have to be single-use. And thanks to the limitless digital age, our
thoughts can now be organized and shared with the power of the cloud. But that doesn’t mean
the most important part of cognition, the original handwritten note, has to leave a paper trail.
While Rocketbook never set out to save the planet, with your help we can all do our part and
Products
writing experience.
layouts
capabilities.
Political Climate
The political stability of most markets worldwide creates opportunities for Rocketbook to
increase its investments and corresponding performance. For example, the company can improve
its sales and marketing investments in other countries to achieve a corresponding increase in
revenues. On the other hand, the increasing governmental support for automation presents
opportunities for Rocketbook to increase its computer technology sales via governmental clients.
environment that supports an increase in Rocketbook’s global sales. Through this external factor,
the company benefits from easier business deals in overseas markets. However, increasing
international trade agreements are also a threat against Rocketbook. In these agreements, foreign
firms can increase their competitiveness in developed countries like the United States.
Economic Climate
In the Rocketbook's current economic condition, there is unbalanced demand and supply.
It is because Rocketbook is getting known worldwide but they do not have enough supply as the
product is not available in other countries where the Rocketbook has demands.
As for the social factors, the habits of modern people today, especially the younger
generation has been getting engaged with the advanced technologies in day-to-day life. Because
of this kind of lifestyle, it is likely that the customers will prefer to buy innovative products such
as the Rocketbook. For this reason, the Rocketbook has been getting attention from those who
are into digital technologies, those who prefer to write and wanting to preserve their writing
benefit of writing things by hand over typing words in digital technologies like laptops and
smartphones. Rather than taking one side against another, the founders of Rocketbook has
developed solutions regarding this matter which had brought the fusion of traditional and digital
ways of writing that you may have never thought before. Besides, the Rocketbook is not really a
traditional notebook anyway, it just gives the benefit or feeling of writing in a traditional one.
Technological Environment
Traditional or one-use notebooks wastes papers and kills trees. For instance, 1 tree
produces 100 notebooks, that means every time someone uses a one-use notebook, they are
killing a little piece of a tree. On the other hand, Rocketbook notebooks use a recyclable
polyester composite instead of paper and are designed for endless reusability. That means every
time you erase your Rocketbook notebook, it is like you are saving a tree and giving it life.
Rocketbook is empowering you with the ability to save trees and help create a sustainable future.
Rocketbook reusable design is key to keeping paper waste out of landfills and oceans. If a buyer
decides to dispose of their Rocketbook notebook, they can dispose it without worrying because
every piece of a Rocketbook notebook is recyclable down to the cover, pages, and spiral binding.
The covers used for Rocketbook are sourced from 100% biodegradable Kraft Paper and
completely recyclable. Two years ago, in celebration of Earth Day, they designed a custom
Earth-themed notebook and for every 1 notebook sold, a tree was planted. In addition,
Competitors such as Moleskine and Evernote have demonstrated a strong ability to duplicate
Rocketbook’s products and services. This means that many of Rocketbook services and products
are no longer unique. However, growing use of smartphones and iPad or tablets will lower
The legal and regulatory forces of Rocketbook includes opportunities and threats such as:
Employment law
implement more effective recycling and disposal programs that improve brand image. However,
this legal external factor is also a threat that could impose additional challenges for the company
in addressing the environmental impact of its business. On the other hand, the improving patent
laws facilitate Rocketbook’s global growth by gradually reducing issues, such as computer
software piracy. These Rocketbook notebooks use patent-pending technologies that the founders
would not reveal. Rocketbook own and retain all proprietary rights in the services, and in all
content, trademarks, trade names, service marks and all other elements related thereto. Their
services contain the copyrighted material, trademarks, and other intellectual property and
proprietary information of Rocketbook and its licensors. Rocketbook also has an opportunity to
enhance its products to help client organizations reduce their consumption of energy through
consumers from fraudulent companies or practices and preserve their rights in the marketplace.
Consumer law results in large companies having to dedicate a fair amount of their resources into
putting out detailed information about their products and policies. On the other hand, consumer
law makes a business for some private watchdog companies. Employment law dictates how
companies’ employees should be treated. Minimum wage laws can limit the various employment
possibilities a company can offer, child labor laws can affect the way tight-knit home businesses
in third world countries operate, and dismissal laws can make firing employees (for whatever
reason, perhaps unproductivity) that bit harder. Rocketbook ships to all countries except The
Russian Federation, Ghana, Nigeria, Iran, and North Korea. When ordering from the Amazon,
Competitors Analysis
by other
product.
The industry is Consumers’ price Substitute Affects the Cost related to
power.
There are only a Buyer power will Product lacks The substitute If product
strength.
A. Customers
B. Target Markets
Demographic
Target customers are average business worker and students. Someone who takes notes a
lot and needs to get his notes organized electronically. Our main targeted are male or female
around the age of 16 to 45 years old. The level of income should be middle class or above. This
could also be used for educational uses. High school students could be a big target for the new
Geographic
- International Appeal
- For urban areas - smart devices, especially to those who are online users, are crucial to use
- The climate of a place is not really necessary, however, smart notebooks can be in-demand now
due to the situation of Covid19 that we are experiencing, where we need to stay at home. That
Psychographic
Rocketbook's social target class were working class and middle to upper class millenials.
Income becomes synonymous with lifestyle and since Rocketbook has medium to high-income
individuals as segments, the lifestyle they target is modern, innovators, aspirers, succeeders,
determined, ambitious, and stylish people. A group of people who are defined by their affinity
with a lifestyle where discovery, creativity, and style are their key values.
Product Usage Characteristics
Rocketbook sells clever, affordable, and reusable notebooks that bridge the gap between
traditional analog notetaking and the infinite power of the digital universe. The creative uses of
the notebook are: use it as a diary and planner, take notes from your learning, write down your
Strengths
Rocketbook was invented by Joe Lemay and Jake Epstein in 2014 and was patented in
2016. It is a cloud-connected smart notebook that is reusable for infinite times. It has two unique
erasing methods which traditional notebook do not offer. For their Rocketbook Core, a moist
cloth is needed while for their Rocketbook Wave, a microwave is used. Rocketbook is not
limited only to Amazon, but it is also available to popular online shopping applications such as
Shopee, Lazada, the Facebook Marketplace and their own Get Rocketbook Website.
Weaknesses
Rocketbook's Weakness includes low product availability in the market. They are
available to other online shopping platforms, but they only offer limited stocks in these
platforms. In addition to their shortage of supplies, they also lack in their marketing strategies.
There are only a few promotional ads that were made, which is not enough to reach their global
target market. Most importantly, the Rocketbook costs more than most notebooks on the market.
Opportunities
In line with their presence in the global online shopping sites, Rocketbook can
collaborate with learning software such as MS Teams, Google Classroom, Moodle and Edmodo.
By collaborating with these software, their brand engagement will increase as this software are
highly used by all students nowadays. With this, it will allow Rocketbook to expand their market
in the developing countries. Along with the global rise of smart technology and digital good and
services, Rocketbook can also take advantage of this evolution as the demand for technology will
rise.
Threats
With the evolution of technology, product similarity from other companies is a threat to
Rocketbook. Since Rocketbook is not the only smart notebook in the market, the presence of
aggressive competitors and emerging new entrants in the technology marketplace will challenge
Strengths to Opportunities
Leverage unique product concepts to maximize opportunities such as collaborating with learning
software to make use of global rise of smart technology and digital good and services. To be
specific, introduce unique concepts of the products to learning software to reach the global
market.
Weakness to Strengths
Counter low product availability in the market and lack in their marketing strategies
through exploiting collaboration with learning software such as MS Teams, Google Classroom,
Moodle and Edmodo to make use of the global rise of smart technology and digital good and
Rocketbook can collaborate with learning software such as MS Teams, Google Classroom,
Moodle, and Edmodo. By collaborating with these software, their brand engagement will
increase as this software are highly used by all students nowadays. With this, it will allow
V. Marketing Objectives
The main objective of the study is to build customer awareness through increased perception
Expanding our digital presence by starting SEO and grow visibility in search engine
rankings.
Acquire 20% increase of customers with the use of different channels such as social
media, bookstores, malls, and school events by the end of the year.
Improve consumer’s perception of the product and highlight its edge over its competitors
in the market.
Take advantage of the active online community of different social media platforms.
We also plan to have a 10% increase in the market share after the year of campaign for
Rocketbook.
ActiveCampaign will make it easier for us to keep all our marketing in one software and track
marketing objectives. HubSpot comes with a default marketing dashboard, but you do have the
option to create your own with the metrics and KPIs that matter to you. They also have easy-to-
Target Market
Target A – Students
Rocketbook products are made to be simple in design, simply packaged, low cost, and produced
to be energy efficient and environmentally friendly that makes it more appealing to students. But
now more than ever, students browse to learn, be updated and to enjoy life with entertainment.
Posting advertisement online will help Rocketbook to grow digital presence. Also, whether
traditional bookstore like NBS or online shopping sites like Shopee and Lazada, Students still
buy their school supplies on such places than buying from convenience stores, thus advertising in
such places will also help the brand to gain customer awareness. We’re generally planning to use
Online Shopping Sites Coupon Giveaway, University Event sponsorship and Start with
Rocketbook as our activities to catch this specific target, but all strategies and activities
mentioned applies to both target markets. Coupons will be distributed via different online
shopping sites such as Shopee, Alibaba, and Lazada. There will be a short video/post that will
serve as a youtube video advertisements, as well as to facebook, Instagram and twitter. Sample
products from Rocketbook will be available for trial where there will be a booth containing the
Rocketbook Core.
Another ideal buyer persona of Rocketbook is most likely to be verified, young and salaried
workers or professionals around the age of 26 to 45 years old. Who are especially concerned
with prices, gadget geeks and techies, who are looking for the most advanced digital note takings
that offer ease of organization in the workplace. We’re generally planning to use Shelf vision,
Rocketbook Printed Advertisement and Holidays with Rocketbook as our activities to catch this
specific target, but all strategies and activities mentioned applies to both target markets. Shelf
vision will be placed in different bookstores. Posters will be posted at the most populated malls
across the world. Social media pages and website of Rocketbook will post a graphic containing
the Rocketbook Core with a specific quote saying that the product could be a great gift for
Marketing Mix
Product
classic paper and pen experience, which is built for the digital age. The Core is endlessly
reusable and connected to all cloud services. It comes into two sizes: letter size with 32 pages
and executive size with 36 pages. Its pages were made with synthetic BPA poly-free plastic
material which will provide an extremely smooth writing experience. It also provides two
different page layout choices, dot grid and lined pattern. The pages are erasable with moistened
cloth. This smart notebook can only function with Pilot FriXion ink. Finally, the Rocketbook
Core comes with 8 different colors. Currently our goal is to further introduce an innovative
Apart from our objective to maximize profits, we choose the price of the products based
on three aspects that includes the product quality, market share and pure survival. We only offer
quality product as we do not want to be the cheapest in the market or the highest in price but
unable to deliver well, which will cost the brand image in a long-term effect. The Rocketbook
Core costs $34 in the US Market. However, the price will differ from once country to another.
One of the major price determinants for the Rocketbook Core smart notebook will be the market
situation in each country. Factors such as market competition and cost of operations incurred by
distributors will influence the local prices in various countries. Market share will lead to a
network effect that will bring a huge impact on the product demand and revenue. With that
remark, we are focusing on the smartphones, tablet, and laptop market shares for the more
product demand for these products, the more demand on our product as well. In this case, we can
Table 6.1 shows the price comparison of smartphones, tablet, laptop, and smart notebook
that are available in the Philippines. The lowest price for the smartphones ₱6,999.00 which can
go up to ₱297,000.00 per piece. The same goes with the tablet and laptop price ranges. These
price ranges are based on the quality of the storage and functions of the products. That being the
case, smart notebook is still leading by offering the lowest in market price. With Rocketbook
Core, it costs ₱ 2,450.00 which offers both traditional handwriting and cloud management
Place
To determine where our target consumers would have access to purchase Rocketbook, we
chose to use both offline and online platforms and portals as a medium. First, to create brand
awareness in leading bookstores around the world. Here in the Philippines, it will take place in
National Book Store. Aside from bookstore, we also planned to increase its visibility where most
people are present, which is the Mall. The space between the walkway and the direction of the
escalator is a great place to hang the promotional banner for Rocketbook. Other than the malls
and bookstore, another great place to advertise Rocketbook is on the exact place where our target
market is located, which is the School Universities. Participating in school events such as
School Seminars, are a great opportunity to broadcast and promote Rocketbook firsthand. Our
target market, the students, will be able to get a closer look to the product, ask inquires real-time
On the other hand, we would also use the advantage of online platforms such as shopping
and social sites. It is cost friendly and effective toward our marketing prospective. This will
serve us information and venue for our target consumers to purchase Rocketbook. Loyal
consumers are best endorsers of the brand; therefore, we should reward them with exposure on
social media. These online platforms offer an open post section where loyal consumers would be
able to give their ratings and feedbacks of the product which will serve as physical evidence of
customers’ testimonials and will serve as a source of WOM from a loyal consumer to a potential
buyer. In comparison, Facebook, Instagram, Twitter, and YouTube are the most used
applications of our target market. Creating a Rocketbook awareness in these social media sites
can increase stream of inquiries a month. Virtual office and social platforms like these will work
Promotion
- Coupons Make People Happy. According to studies, 80% of shoppers who use coupons say
they feel smarter, which goes back to our previous point of realizing value. Findings such as
these confirm why coupons are so popular no matter who the consumer is—indeed, affluent
shoppers are more likely to use coupons. To send the marketing messages to the consumers, we
decided to offer price discount coupons on seasonal time which will create enthusiasm and brand
awareness towards the consumers. This promotion will occur early month of the year, during the
saturation time and seasonal end of the year time. We believe this will result in increasing sales
and revenue income. Coupons will be distributed via different online shopping sites such as
Discount Price
January Buy 2, Get 1 10% ₱2,450 Buy 2, Get 1
June Back to School 15% ₱2,450 ₱2,082.50
Promo
October Semestral Break 15% ₱2,450 ₱2,082.50
Madness
December Combo Deals 25% ₱2,450 ₱1,837.50
Table 6.2 Coupon discount promotions
Table 6.2 shows the allocation number of percentages of the coupon discount we will
offer to different online shopping sites. according to the selected month. The percentage given is
the discounted price of Rocketbook. We decided to have buy in bulk promotion for the first
month of the year as it could generate more sales for the first projection and is possible to boost
25% discount at the end of year to complete out projections for a year. In line with the seasonal
- The best time to promote Rocketbook is when target customers are roaming around with
curiosity. A great spot is a school with an ongoing event. Sample products from Rocketbook will
be available for trial wherein there will be a booth containing the Rocketbook Core where
students can try and discover how the product works. A television will be placed in the booth so
that people could watch the story of Rocketbook and its wonderful effect of the product to our
world. Plus, 200 discount coupons that entitles a ₱300 off on every purchase of Rocketbook
Core. Coupons will be given to those students who will register at the said school event. This
will create a more festive atmosphere that will make customers feel more positively toward the
brand.
Shelf vision
- To capture the attention of target market, shelf vision will also be placed in different bookstores
stores. Particularly, here in the Philippines, it will be placed at every branches of National
Bookstore nationwide. The shelf vision’s theme is ‘Win it all’ wherein it is an interactive play of
wheel of Rocketbook where they can get motivational quotations from notable individuals who
- Posters and hanging banners will help increases brand visibility in targeted areas. This strategy
aims to increase product awareness by 20%. The posters and hanging banners will take place at
- People normally list their things to buy when another class starts or when they found a new job.
Using the social media pages and website, they will be promoted using posts that will follow a
certain format and quality content ads. Every two months before the class starts, the social media
pages and website will post a graphic that contains the product used by famous artists or
influencers to capture the eyes of the students or professionals. With this strategy, it will give rise
to an idea that Rocketbook supports the learners and professionals on their new endeavors that
they will start. Additionally, there will also be a short video advertisement that circling around
YouTube, Facebook, Instagram, and Twitter as these are the most used applications of our target
market.
- On selected holidays like Christmas and New Year, the social media page and website of
Rocketbook will post a graphic content advertisement that shows Rocketbook Core as a perfect
gift for their loved ones. With this strategy, it will give rise to an idea that Rocketbook is not just
for basic use but can serve as a reward for themselves and for the people they love during
celebrations such as Christmas and New Year. Additionally, there will also be a quality content
video advertisement that will be circling around YouTube, Facebook, Instagram, and Twitter.
FE JUL
ACTIVITIES JAN MAR APR MAY JUNE AUG SEPT OCT NOV DEC
B Y
Facebook
YouTube
Website
Online
Shopping sites
Coupons
Mall
Posters/Banner
s
Shelf Vision in
Bookstores
Financial Requirement
Type of Schedule of
Activity Type Activity Description
Measurement Implementation
Usage, Image and Quantitative ● 150 participants 1 Month after the
Attribute Survey ● Determine if the strategy end of the year
was successful in when the plan
promoting the brand was implemented
● Validates the objective of
the paper
● Male/Female, 16-45 Years
Old, White-collar workers
Quantitative ● Use at least all social
and Qualitative media analytics tools
● Use HubSpot,
Infusionsoft, and
ActiveCampaign
● Covers the previous and
current year of
1 Month after the
implementation
Data Analytics end of the year
● Determine if the campaign
when the plan
was successful in
was implemented
increasing awareness
through higher following
base and customer
engagement
● Examine if the brand has a
positive feedback through
social media post
IX. Exhibits