korean beauty i.myss ph marketing strategy proposal 2016
TRANSCRIPT
Sing A New Tune
• The Beauty Market Philippines • Profiling the Filipino • I.myss fits the Filipino Profile • How We Penetrate the Market • Forecast • All Together Now
The Beauty & Personal Care Market Asia Pacific
0.0
10.0
20.0
30.0
40.0
50.0
60.0
50.9
46.2
9.3 10.6
5.0 3.8 3.9 3.3
2.2 2.1 1.2 1.2
2014
2015
Philippines ranks 8th in the Asia Pacific with 6% annual growth-‐ USD3.3B
USD Bil
The Beauty & Personal Care Market Philippines
27%
20%
20%
10%
23%
Skin Care
Make Up
Hair Care
Fragrance
Others
USD891M
USD660M
USD759M
USD330M
USD660M
Skin Care tops the market with 27% share (USD891M)
• The Beauty Market Philippines • Profiling the Filipino • I.myss fits the Filipino Profile • How We Penetrate the Market • Forecast • All Together Now
The Filipino Today
Philippines has the youngest populaOon with an age median of
26 years old
Average disposable income of a Filipino is USD9k, ranked 5th in
Asia Pacific
Filipinos are in love with anything Korean
• The Beauty Market Philippines • Profiling the Filipino • I.myss fits the Filipino Profile • How We Penetrate the Market • Forecast • All Together Now
With a very youthful population with high disposable income, Filipinos are enamored by Korean culture.
The Korean beauty market is still at its infancy in the Philippines, yet Filipinos have very high regard for the Korean Beauty. as evidenced by top rating Koreanovelas and sold out K-Pop concerts
I.Myss may position itself as the leading Korean authority in beauty and personal care in the Philippines
Skin Care…the Position we may take
InnovaOon
Market Share
CommunicaOons of the innovaOve brands leads towards habitual use of products
The Big Idea… I.myss- Miracle of the Korean Beauty Regimen
• The Beauty Market Philippines • Profiling the Filipino • I.myss fits the Filipino Profile • How We Penetrate the Market • Timeline
The Strategy
Retail Outlets Direct Selling-‐ K Squad
… I.myss- We Sing The I.myss Beauty Regimen
Caters to high end mall tra!c, in the trendiest high tra!c places in town-
Image Building with high sales opportunity
Outside the mall…. Provide the entrepreneurial youth a chance to shine….will invade events and, neighborhoods,
Will illustrate brand customization and speed up product sales
Secret- Think of your own
• The Beauty Market Philippines • Profiling the Filipino • I.myss fits the Filipino Profile • How We Penetrate the Market • Timeline