Frucor is launching a new organic energy drink to fulfill the need of consumers suffering from obesity. The product has a low price and focuses on health. The target market includes individuals with lower or middle income and those with health issues.
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MARKETING PLAN 1
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Table of Contents MAIN BODY..................................................................................................................................3 Introduction to product...........................................................................................................3 Opportunity fulfil....................................................................................................................3 Unique Selling proposition of product...................................................................................3 Target market..........................................................................................................................4 REFERENCES................................................................................................................................5 2
MAIN BODY Introduction to product Frucor an energy drink brand produced by the Company Frucor is looking to launch a new energy drink. An energy drink which will contain a good amount of organic material in it. Organic energy drink will be containing nutrients and taste of different fruits and flower. Opportunity fulfil Reason behind bringing this new product in the market is to overcome the issue of obesity which is generally prevailing in the New Zeland. As it identified by the New Zeland Ministry of Health survey 2016-17 that there are more than 34 percent individual in the New Zealand are suffering from the issue of Overweight(Chernev, 2020). Increasing issue of obesity in the nation has eventually prompted good demand of healthy or organic product in the market. Bringing this organic energy drink in the market will eventually help the company in fulfilling the need of the different consumer who are generally suffering from obesity issue in the market. Unique Selling proposition of product There are two unique selling proportion of the new product of the company in the market. Price of the product: It has been identified that price of the new product of the company is very low as compare to the other company’s product in the market. As it has been identified that in the current scenario middle class and upper class consumer in the market(Magalhãesand et.al.,2020). This new product of the company will be targeted to attract the all three class of the consumer toward the product of the company. Healthy aspect: It is another important selling proportion of the new product of the company in the market. It has been identified that there is no any such company which used to offer the organic Energy drink in the market. This will ultimately assist the company in attracting the eye of the consumer who are suffering from any of the health issue in the market(Kreutzer, 2019). 3
Target market Company will be offering the product into the local market in the initial stage. After seeing the result and response from the local market, company will decide about entering into international market. Target customer base of the company are as follows: Segmentation: It is the first step in which different customer are generally segmented into variety of the different sort of the segment. In respect to the new product of the company different segment in the organization will be made on the basis of income of the consumer in the market. Also different segment will be made on the basis of individual suffering from any medical issue(Heikkilä, 2020). Targeting: It is the second stage of selecting the target customer, as best segment will be selected from varieties of different segment. In regards of current product of the company, individual who are under lower or middle income base will be target. Also, individual suffering from any health issue will be targeted. Positioning: It is the stage in which the product of the company will be positioned in front of the consumer in a way that they are attracted toward the same. Product of the company will be promoted with the help of two medium that is social media marketing and local newspaper marketing. 4
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REFERENCES Books and Journals Chernev, A., 2020.The marketing plan handbook. Cerebellum Press. Magalhães, M and et.al., 2020. Canvas marketing plan: How to structure a marketing plan with interactive value?. InHandbook of Research on Emerging Technologies for Effective Project Management(pp. 158-168). IGI Global. Kreutzer, R.T., 2019. Strategic and Operational Marketing Plan. InToolbox for Marketing and Management(pp. 225-229). Springer, Cham. Heikkilä, J., 2020. Creating a Marketing Plan for a Social Alarm Company. 5