BUSINESS OBJECTIVES Achieve the profits of at least 20% per annum within the upcoming years Increaseinthesalesoftheproduct range especially the day cream which is popular among women among 25 -55 Expansion of the market of the products in the overseas retail stores apart from online shopping.
MARKETING OBJECTIVES Maintenance of loyal client base Reaching the targeted markets Expansion in the international platform Innovation of new herbal product range Development of the brand awareness Targetingthenewcustomerbaseof young working women Enhancementofthecustomer relationships
FACTORS IMPACTING ON THE COMPANY Situational Analysis (3cs) The Marketing Environment
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
COMPETITION Rivalry among the existing brands offering skin care products The thereat of new entrants Bargaining power of buyers Threat of substitute products Bargaining power of the suppliers
MARKET ATTRACTIVENESS Market attractiveness Market factors Segment size and growth rate Barriers to market entry Competitive factors Competitive differenciation
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
MARKETING MIX •Brisbane, Queensland Australia •High quality and eco friendly skin care products •Offers natural quality product at a comparatively reasonable range •Advertising on the Australian body, soul website and the natural health magazine PlaceProduct PricePromotion
PRODUCT OPPORTUNITIES Cleansing cream for soothing of the skin during the removal of makeup Moisturizing cream Regenerating facial scrubs Toner for the dry screen Sunscreen lotions for all skin types Anti pigmentation serum
MARKET RESEARCH RESULTS High demand of organic skin care products Young shopper under age 28 are increasing High rate of online shopping Certified organic competitors for steady growth Organic skin care products for the infants are high in demand
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
PROMOTIONAL ACTIVITIES Advertisement in the Australian body Soul website Magazine of the natural health Promotions in social platforms Television advertisement Sites streaming movies
PRIING AND DISTRIBUTION The current pricing strategy of the company is to offer natural quality product at a comparatively reasonable range The business is currently selling its products via number of retail outlets and the health food stores. Furthermore website and shopping cart are some of the examples. The company must also tie with some of the big e commerce brands like Amazon to sell its products
RECOMMENDATIONS Introduction of nature and eco friendly herbal product Current attraction among the working women ranging among the age of 25-55 24*7 customer support via toll free number Taking importance of the comments and the customer reviews for the identification of the customer needs
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
PLAN Promotions in social platforms, television advertisement and the sites streaming movies Introduction of nature and eco friendly herbal product Tie with some of the big e commerce brands like Amazon Increase in the overseas online store and the international market range
COMMUNICATION PLAN Time durationActivity/ ObjectiveExpected outcome 11-3 months Interactivesessionsat workplacetoencourage participationofallthe employees Comfortableandfriendly environment together with effective communication 26 months Encouragingthe employeestocomeup withnewandinnovative ideas for the herbal and bio product range the company is aiming to launch Accumulationofvarious ideas to reach the needs of the customers
CONCLUSION Thecompanyisatastrongfinancial position as depicted in the business plan and the estimated budget is $60,000 for theupcomingfinancialyears.Itis recommendedtowardsimmediate responseforthefeedbacksandthe commentsofthecustomersand introduction of herbal product range for the growth of the company.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser