marketing plan for peedle
DESCRIPTION
Its a complete marketing plan for a new product named PeedleTRANSCRIPT
REPORT MAP
0.0 Introduction
1.0 Objective of the study
2.0 Company Profile
2.1 Uniliver Bangladesh ltd.
2.2 Product and Service Analysis:
2.3 Capital Investment
2.4 Logo and Slogan:
2.5 Mission
2.6 Vision
2.7 Objective
2.8 SWOT Analysis
3.0 Marketing Mix
3.1 Product
3.1.1 Features
3.1.2 Packaging
3.1.3 Level of product
3.1.4 BCG Growth Matrix Analysis
3.1.5 Product Life Cycle Stage
3.1.6 SWOT Analysis of the ‘Peedle’
3.2 Price
3.3 place
3.4 Promotion
4.0 Market Analysis Summary
4.1 Market Segmentation
4.2 Target Market Segment Strategy
4.3 Distribution Pattern
4.4 Industry Analysis
5.0 Strategy and Implementation Summary
5.1 Value Proposition
5.2 Basic Competitive Strategy
5.3 Marketing Strategy:
5.3.1 Positioning Statements
5.3.2 Market Promotion Mix
6.0 Conclusion
7.0 Reference
IntroductionIn this competitive business world, marketing is an essential part of any company. The main two
ideas of marketing are to attract the market and do the activities to retain them.
In order to do the jobs of marketing a proper marketing plan is very important. Without having a
complete plan the job of marketing will left with many excuses and even it could create a
disturbing consequence for the company. So, to have an appropriate marketing plan for every
product of the company is very necessary.
There are many companies in Bangladesh serving to people. All the leading companies have a
strong marketing department where the marketing strategies and marketing mix are made.
Unilever is the leading company in Bangladesh, which is serving the people of Bangladesh over
four decades. Unilevers mission is to add vitality to life. To meet everyday needs for nutrition,
hygienic and personal care with brands that help people look good, feel good and get more out of
life. Its deep roots in local cultures and around the world give them a strong relationship with
consumer and foundation of future growth. Unilever has many brands to serve with. Those are –
Wheel, Lux, Lifebuoy, Fair & Lovely, Ponds, Close-Up, Taaza, Sunsilk, Pepsodent, Clear, Vim,
SurfExel, Dove, Vaseline, Lakme & Axe.
In addition to those brands, we have created the marketing plan a new product for Unilever
which we named as PeedleWe are going to give an overall various marketing segmentation,
targeting, positioning, promotion, distribution and many other marketing mixes.
1.0 Objective of the study
In this project Our Objective is to segment the market and analyze the target consumer. Define
the Strategy to position our product in Bangladeshi market. Also we try to set the marketing
function and competitive strategy under the Uniliver brand name.
Specific Objectives of the Research:
1. To find out whether our customers can accept this product.
2. To identify the effect of product / service availability on customers’ perception
3. To identify the effect of lead time variability on customers reaction toward this
product.
4. To identify the effectiveness of this product in this society.
5. To find whether having a new quality product can make customers satisfied.
6. To identify the effectiveness of our different marketing strategies.
7. To identify effect of post-sale support system on customer perception.
8. Mystery survey at different sectors of our country to find out our uniqueness.
9. To find out the satisfaction level of our customers as well as our retailers.
10. Comparing our product with similar products in our society.
2.0 Company Profile
2.1 Unilever Bangladesh Ltd.
In the 1890s, William Hesketh Lever, founder of Lever Bros, wrote down his ideas for Sunlight
Soap – his revolutionary new product that helped popularize cleanliness and hygiene in Victorian
England. Mainly from this time first idea to establish Unilever formed.
Over the the last four decades, Unilever Bangladesh has been constantly bringing new and
world-class products for the Bangladeshi people to remove the daily drudgery of life. Over 90%
of the country’s households use one or more of products.
According to constitution, in Bangladesh Unilever Bangladesh Ltd. have 60.75% share and
government of Bangladesh have 39.25% share.
2.2 Product and Service Analysis:
Unilever Bangladesh Ltd offers a wide variety of consumer goods to the people of Bangladesh. Its
operations are categorized into three categories-
- Food
- Home care
- Personal care
Under these three operations Unilever manufactures various categories of products and for each of those
categories they have successfully established many brands. The product mix of Unilever Bangladesh Ltd
is as following-
Household Care
Fabric Cleansing
Skin Cleansing
Skin Care and Personal Grooming
Oral
Care
Hair Care
Tea Based Beverage
Vim Wheel
Surf Excel
Lux
Lifebuoy
Dove
Vaseline
Fair & Lovely
Pond’s
Rexona
Vaseline
Lakme
Axe
Pepsodent
CloseUp
Dove
Sunsilk
Clear
Taaza
Unilever Bangladesh Ltd produces pure consumer goods. Some its brands are produced locally
in Bangladesh and some are imported from other regional factory of Unilever, like Thailand,
China, and UK etc. In Bangladesh the company has a Soap Manufacturing factory and a Personal
Products Factory located in Chittagong. Besides these, there is a tea packaging operation in
Chittagong and three manufacturing units in Dhaka, which are owned and run by third parties
exclusively dedicated to Unilever Bangladesh.
2.3 Capital Investment:
The capital expenditures of Unilever have generally been moderate. This allows Unilever to use its cash
resources for other business investment purposes.
2.4 Logo and Slogan:
Figure: Logo of Unilever Bangladesh Ltd.
Our slogan is; “Feel good, look good and get more out of life”
2.5 Mission
Unilever's mission is to add Vitality to life. We meet everyday needs for nutrition, hygiene and personal
care with brands that help people look good, feel good and get more out of life.
2.6 Vision
The four pillars of our vision set out the long term direction for the company – where we want to go and
how we are going to get there:
We work to create a better future every day.
We help people feel good, look good and get more out of life with brands and services
that are good for them and good for others.
We will inspire people to take small everyday actions that can add up to a big difference
for the world.
We will develop new ways of doing business that will allow us to double the size of our
company while reducing our environmental impact.
2.7 Objective
Objective means the ‘goals’ that the business must achieve in order to meet its wider business objectives.
Unilever’s objectives are-
Growth in market share
Clearer product differentiation
Long term brand value to customers
Decrease customer acquisition costs 8% per year
Creating and launching new products / services – ‘Innovation’
2.8 SWOT Analysis
The following SWOT analysis captures the key strengths and weaknesses within the company and
describes the opportunities and threats facing Unilever Bangladesh Ltd.
Strengths:
In depth industry experience and insight
Largest amount of share in the market
Having a good number of established brands
An excellent distribution network
Competitive advantages
Weaknesses:
Reliance on outside raw materials
So many substitutes available in the market
Lack of control in the market. If any disruption arises between company and distributor then the
whole market suffers.
Lack of informational reliability, since the market is too large
Opportunities:
Participation within a growing industry
Utilization of changing lifestyle of people for increasing demand
Scope of expanding the market vertically and horizontally
Application of new tactics and surprise packages
Niche marketing
Threats:
Threats of the market challengers
A negative effect on people’s spending because of the current financial crisis
Existence of political unrest though out the country
The moto of Unilever is to hold its strengths the longest time possible. It is also working constantly with a
view to using its opportunities at best. In spite of being the market leader Unilever Bangladesh has some
weaknesses and threats. Its research department is working hard to make strategies to overcome those
weaknesses and threats.
3.0 Marketing Mix
3.1 Product : Peedle Snack [fruits & nuts]
A product can be defined as anything that can be offered to a market for attention, actuation, use or
consumption that might satisfy want or need.
In this marketing plan our concerning product is Dried fruit. Dried fruit is fruit where the majority of the
original water content has been removed either naturally, through sun drying, or through the use of
specialized dryers. Dried fruit has a long tradition of use dating back to the fourth millennium BC in
Mesopotamia, and is prized because of its sweet taste, wrinkly texture, nutritive value and long shelf life.
Also dried fruit has vast health benefit on Bone health, Intestinal health, Weight management, and
Healthy diet.
Today, dried fruit consumption is widespread. Nearly half of the dried fruits sold are Raisins, Prunes,
Figs, Apricots, Peaches, Apples and Pears.
Peedle snack [fruits and nuts] is a food product that gives all these benefits at once. People will buy
Peedle frequently lower price from many purchase location.
3.1.1 Features:
Provide every day calories
Provide every day vitamin, mineral, fiber
Quality food for Tiffin time
3.1.2 Packaging:
Packaging involves designing and producing the container or wrapper for a product. Traditionally the
function of packaging is to hold and protect the product. But in recent days it is recognized that packaging
perform many sales task from attracting attention to describing the product and to make it to sale.
For our new product we will do regular packaging, in this package we will keep 3 kind of packet of
3ddifferent weight.
These are:
Family pack 1 kg
Regular pack 500 g
Shaker 200 g
Family pack is for group of people like family. Regular pack is for frequent buying. And Shaker (jar) is
basically for school going children.
3.1.3 Level of product:
Five levels of Peedle will be
Core Benefit of the Product: It is a snack with greater food value. It provide Daily calories
Basic product: Basic product will be- the “peedle snack [fruits and nuts]” itself it is a logo.
Expected Product: Nutritious snacks with reasonable price.
Augmented Product: Provide 1500 calories with some other vitamin, mineral, fiber which
cannot do any other snacks in Bangladesh.
Potential product: If we will cut the price after having positive response, we give extra amount
3.1.4 BCG Growth Matrix Analysis:
As it’s a new product for Unilever, other products are popular and already achieve stars. Therefore comparatively we are hoping in the starting time we can gain Question marks for “Peedle”. people are now more conscious about health. Health is obvious for happiness. Also keeping good health and avoid bulky body “peedle” provide the real benefits.
When we will enter the growing market initially we will be able to grab small amount of market share so
we should apply Build Strategy by injecting cash to increase market share and to make “peedle” stars.
Relative Market Share
Mar
ket G
row
th R
ate
Stars Question Marks
Cash Cows Dogs
Figure: Boston Consulting Group Approach
3.1.5 Product Life Cycle Stage
As we are making a marketing plan for Peedle, which is a new product and not available in the market so
it’s still in product development stage, however we expect that when it will enter the market it will in
introduction stage where sales will low but a increasing rate, and our target is to go in maturity stage for
higher sale and higher profit.
Figure: Product Life cycle Stage
3.1.6 SWOT Analysis of the ‘Peedle’:
Strenghts
Strong Brand Image
eServices and technology
Grater food value
Sustain food product
Weaknesses
Comperatively High Prices
Traditional beleaves of snacks
Opportunities
Differnt package
Can be use in many recipe
Threats
Competitors can produce
Serving at lower price
Price of raw materials can go up
3.2 Price:To capture the market Peedle set these price categories. Price is the amounts of money customers have to
pay to obtain the product.
As Peedle is a new product in our country so we will follow the followings:
Our price objective will be – Maximize current profit and increase sell.
It will be inelastic demand. Because people who are look conscious will use this product and
actually price will not be an important matter to them. But also as most of our country people
are price sensitive so we will try to keep lower and reasonable price.
Total costs will depend on the price of the ingredients, cost of producing the product, costs of
packaging, costs of promotion activities and the company’s fixed costs.
In Bangladesh no other company is selling this kind of dried fruit, so we have no local
competitors.
Pricing Strategy
Considering Peedle as a new product in our country and this is already popular in other countries we will
use “Market Skimming” pricing strategy. We hope that buyer willing to pay our settled price.
Product type Weight Price
Family pack 1 kg 180 BDT
Regular pack 500 g 100 BDT
Shaker 200 g 40 BDT
3.3 Place:
Unilever Bangladesh Ltd has six huge warehouses, one in each division of Bangladesh, where the product
goes after they are manufactured at Unilever’s factory.
The company does not use its own fleet of transport for distribution its product. However, it has
outsourced its distribution process to various third party distributors, exclusively dedicated to Unilever
Bangladesh Ltd. These distributors then supply the product all over Bangladesh to a huge number of
retailers.
Location of Unilever Bangladesh Ltd’s Divisional Warehouse
Division Location of warehouse
Dhaka Dhaka city
Chittagong Kalurghat Heavy I/A
Sylhet Sylhet city
Rajshahi Rajshahi city
Khulna Khulna city
Barisal Barisal city
3.4 PromotionPromotion means activities that communicate the merits of the products and persuade consumers to buy
it. So our targeted audiences are mainly the potential user of our product. Though we specially targeted
urban people, our main promotional concern will go on them. We will do different types of promotional
activities to introduce and create awareness about our Peedle to the people.
Peedle mainly cover television as the media of advertising. Most of the commercial advertisements are
made to send the message to the customer that:
Eat light eat often
Get some fruit daily
Nutritious snacks is the best idea for busy life
Peedle will promote itself by providing new advertisement and making its customer aware availability of
its new and improved version of product. It also promotes via billboards, magazines and so on.
WE will also publish attractive, colorful and informative advertisements in radio,
newspapers, internet, magazines and on billboards in regular basis.
We can do sponsoring and event organizing and campaign as our promotional activity.
Public Relation
To extend market or to introduce the product to people marketers need to create public relationship.
Unilever always tries to create events and stories, which automatically come to press attention public gets
to know about their product. For our new product Peedle we will try to do the following activities:
We will arrange press conferences and will try to have renowned dentists in those programs, so
that the information and messages seems trustworthy to the people.
We will try to arrange seminars in schools, colleges, universities and medical colleges about the
usefulness and benefits of Peedle.
4.0 Market Analysis Summary
4.1 MARKET SEGMENTATION
Age: Peedle takes every customer as target and potential customer who
is takes snakes. All age groups are being target but the most
potential is the group of age of 16 to 24 and living in the area of
urban section.
Lifestyle: Busy lifestyle (face shortage of time) and prefer snacks on packet.
Occupation: Students and family oriented people
Nature: Heath conscious. Want to get easy food.
Socio economic status: upper class to lower middle class
4.2 Target Market Segment Strategy
Geographic:
Peedle is now for Bangladesh market. Peedles target is to cover all urban and suburban area
mainly focus in Dhaka and Chittagang city.
Age:
In demographic segmentation Peedle age limit is 15 -24. Also up to 50 age people can take it.
Peedle is for both male and female who usually live in fairly, generally official people and
school going children.
Psychographic: Peedles is selected for upper lowers, middle class and upper middle classes.
Behavioral: People who seeking quality food, they should be medium user.
4.3 Distribution Pattern
Unilever is doing this job quite efficiently for its existing products. For Peedle, at first we will
launch it in two big cities- Dhaka City and Chittagong City. Depending on the positive response
in future gradually we will extend the market of this product in other divisions.
The distribution process of Peedle will be same as the company’s other products, which is as following
Manufacturer:
We will produce this new product by our own. The fruit drying process, mixing process, quality
maintain process and all other manufacture activities are done by company’s own lab.
Wholesaler:
Unilever has its own distributors who will buy the wholesale amount and sell these to the
retailers.
Retailers:
Retailers will buy the products from distributors and sell these to the final consumers.
Consumers:
People can get it in superstores, big pharmacies etc. We will place this product mainly in urban
areas of Dhaka City and Chittagong City of Bangladesh with Unilever’s exceptionally good
channel of distribution.
4.4 Industry Analysis:
Unilever Bangladesh Ltd produces pure consumer goods. Some its brands are produced locally
in Bangladesh and some are imported from other regional factory of Unilever, like Thailand,
China, and UK etc. In Bangladesh the company has a Soap Manufacturing factory and a Personal
Products Factory located in Chittagong. Besides these, there is a tea packaging operation in
Chittagong and three manufacturing units in Dhaka, which are owned and run by third parties
exclusively dedicated to Unilever Bangladesh.
5.0 Strategy and Implementation Summary
5.1Value Proposition
Peedle set itself apart from each by offering a unique bundle of benefits. Peedle’s provide more benefits
with little bit higher price. Also Peedle create a new sense of snacks providing fresh quality and superior
test with higher food value.
Bundle of competitive advantage:
Food value: No preservative. No animal fat. Perfect for all age.
Three kind of pack, Family pack, Regular pack, Shaker (for school going children)
Peedle will find every grocery shop which provides location convenience. Under the Uniliver
brand image it will gain customer loyalty.
USP (unique selling proposition): Get Your Daily Calories
5.2 Basic Completive Strategy
To gain leadership positions by delivering superior value to their customer. Peedle’s value disciplines will
be “customer intimacy”.
Peedle work to much exactly the need of targeted customer focusing on satisfying unique customer needs
through a close relationship and quick respond. Peedle’s vision is, do almost anything to build long-term
customer loyalty and capture customer life time value.
Peedle is a product for almost all age people so the customer life-time-value can be the key point of
success. Peedle also focus on operational excellence as its second value disciplines. Peedle’s work for
quality food by reducing cost. It also should develop efficient value-delivery system to serve customer
cheaply and easily.
5.3 Marketing Strategy
5.3.1 Positioning Statement People who busy for work and study need easy and nutritious snacks. Peedle is an dry fruit snacks that
provide every day calories [a working people need] 30 other vitamin, mineral and fiber, fresh quality and
superior taste over the normal fruits.
5.3.2 Marketing communication Mix
Padeels promotion mix consist of the blend of
Conclusion
A detailed analysis of the Bangladeshi market opportunities for Peedle it can be the
leading Brand for snacks in Bangladesh. Peedle Image brand will meet the
customer needs regarding customer product. Our key opportunity is there are no
existing competitors in local market. So the brand can build up its core customer to
fulfillment the business objective and gain the competitive market share. We hope
in future Peedle will be a common name used in every family due to its quality,
Price, and Availability. There are some few point should be followed
The price, promotion, and distribution channel should be favorable for
customer
The advertising should be livelier that can touch the customer mind and
satisfaction.
Advertising
The package should be change after a certain time interval
The business performance should be such level that can keep the company in
the first place in the stock exchange chart
To achieve the maximum selling the price should be offered with a
minimum margin that can make the maximum customer target
The corporate social responsibility should be properly maintained.
6.0 References:
Principles of marketing,11edition, Kotler and Armstrong. http://en.wikipedia.org/wiki/Dried_fruit http://www.shutterstock.com/pic-38829169/stock-photo-dried-fruits-collection-banana-
strawberries-peach-pineapple-sultanas-kiwi-dates-apples-apricots.html http://www.unilever.com.bd/