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Revolt Energy Drink – Marketing Plan

   

Added on  2023-04-20

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Revolt Energy Drink – Marketing Plan
MANAGEMENT – 940429
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Revolt Energy Drink – Marketing Plan
Table of Contents
Introduction.......................................................................................................................3
Business Plan.............................................................................................................................3
Analysis of Current Market Situation.................................................................................3
PESTEL Analysis..........................................................................................................................3
Product Description...........................................................................................................5
Market Opportunity Analysis.....................................................................................................5
SWOT Analysis...........................................................................................................................6
Competitive Analysis..........................................................................................................7
Competition Matrix....................................................................................................................7
Target Market and Segmentation......................................................................................7
Pricing Strategy.................................................................................................................8
Location/Distribution.........................................................................................................8
Promotion..........................................................................................................................8
Marketing Plan Summary..................................................................................................9
References.......................................................................................................................10
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Revolt Energy Drink – Marketing Plan
Introduction
Business Plan
The spread of globalization and liberalization has had a huge impact on the global business
environment. The entire world has become a potential market for creating demand and supply
for diverse products and services and a huge opportunity for aspiring entrepreneurs. Even
after so many years of globalization, there are a number of international markets that have a
huge untapped potential, which can be used by companies to increase their reach and
business opportunities. The Indian subcontinent is one such market where there is a lot of
potential for good quality products and services, especially when it comes to food and
beverages because a large number or Indians are adopting a fitter lifestyle than their ancestors
and are demanding healthier eating and drinking options.
One of the best business opportunities, at present, is in the field of energy drinks. India has a
lot of untapped potential when it comes to energy drinks because the only players in the
Indian market are Red Bull and Monster, which have a huge market share and have a higher
bargaining power than the customers because of the absence of a local competitor in the
country. Therefore, this report has been prepared to provide a greater insight into the business
plan of starting an energy drink brand in India.
Analysis of Current Market Situation
PESTEL Analysis
Political:
- A stable government India is one of the most powerful countries in the world and
the largest democracy where the political environment is highly stable, which highly
promotes growth of business organizations.
- Corruption Like most developing countries, India too experiences high levels of
corruptions, which can have an adverse impact on the business of a company
(Rahman, 2018).
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Revolt Energy Drink – Marketing Plan
- Promoting FDI and startups Under Narendra Modi, The Prime Minister of India,
the government has been laying a huge stress on FDIs and has been promoting
business startups to strengthen the economy of the country even more.
Economic:
- 7th largest economy in the world
- Cheaper resources India, being a developing country, has a lot of resources
available at cheaper rates. This factor can make achieving profitability for business
organizations easier (Bhasin, 2018).
Social:
- Population of the country India has a population of 1.2 billion, which is a huge
market for any potential business startup.
- High unemployment makes labor available at cheaper rates (Dart Consulting, 2016).
- A highly diverse market
- High standard of living
Technological:
- 3rd most advanced nation in terms of technology
- Has a lot of potential for outsourcing technological processes
Environmental:
- In India, there have been a lot of environmental challenges that have alarming the
government and the country is becoming increasingly aware about sustainable
business practices, which is creating a demand for companies to go green.
Legal:
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