SlideShare a Scribd company logo
1 of 29
Bandar Alogbi, David Allen, Christine Clouse
BusAdm895 | Spring 2012
Company Background
• History
   • Froyo Bella was opened in 2010
   • One store only so far
• Products
   • frozen yoghurt in 45 flavors
   • 47 toppings including 14 fresh fruits
   • Smoothies & soft drinks plus candy
Main Value Proposition
 Healthier alternative to ice cream
   Fewer calories
       low-fat and non-fat varieties
   Live active cultures
       help the digestive system
   Fresh fruit
       Fresh fruit every 4 hours
Online Marketing
 Website
   Uses flash
       Good visually – highly professional appearance
       Not mobile friendly
   Content
       No info about upcoming flavors availability

       No social media connecting/sharing tools
Business Situation
 Sales increased 4% during the past two years
    2010-2011
 Customer age is around 40+
    Got reduced when price lowered
 Sales volume varies by Season
    Summer
    School break
SWOT Analysis
Strengths                                       Weaknesses
1)   Excellent location                         1)   Low awareness
2)   Healthier product offerings                2)   Expensive price
3)   Low operating cost                         3)   Sales seasonality
4)   The only frozen yogurt store in the area   4)   Only sells desert
                                                5)   Can only offer six flavors at a time
                                                6)   Owner does not have a business
                                                     background
                                                7) Owner is not proficient in English or
                                                   on computers
                                                8) Product cannot be marketed as healthy
Opportunities                                   Threats
1) Tapping into new promising market            1) Well known competitors in the area
   (Young customers)                            2) Non-fat image as being not tasty
2) Leverage inexpensive marketing tools
3) Partner with local organizations/
   businesses
Competitive Environment
 Many stores sells alternative products
   Major franchise
       Dairy Queen
       Baskin Robbins
       Coldstone
   Local stores
     Kopp’s
       Established: 1950

       Three locations

     Chocolate Factory
       Established: 1972

       Seven locations
Competitor benchmarks
 Kopp’s
    Website design: Simple
    Info: Complete
    Link to social media: Yes
    Twitter
        Tweets: 1504
        Followers: 3211
        Following: 63
        Tweet: Ads/Flavors
    Facebook
      Likes: 1886
      Talked about: 11
      Content: skeleton
Competitor benchmarks
 Chocolate Factory
    Website design: Simple
    Info: Complete
    Link to social media: No
    Twitter
        Tweets: 96
        Followers: 87
        Following: 57
        Tweet: None since 2010
    Facebook
      Likes: 1424
      Talked about: 07
      Traffic: 54
      Content: Good mix
Location Analysis
 Excellent location
    In Bayshore town Center
       Annual visitors: 15 million +
       Daily Vehicle traffic: 130,000
       Many events and activities held
   High visibility location
       Near one of the main entrance
       Across from Alterra ($1.5 million in sale per month)
Business Objectives
 Marketing objectives
    Increase awareness
    Increase sales
 Operational objective
    Speed up customer decision on what to flavor/toppings to
     choose
 Current activities
    20% mailed coupon through Bayshore Town Center
    50% Groupon
        3,000 sold
    Loyalty punch card
      One free frozen yogurt after ten purchases
Baseline Measurements & Goals
 Facebook

   Froyo Bella   Likes   Talked About   Traffic
     Today         3          1           94
    6/30/2012     28          3          200
    7/31/2012     53          5          250
    8/31/2012     78          7          300
    9/30/2012     103         10         350
    10/31/2012    128         12         400
    11/30/2012    153         15         450
    12/31/2012    178         18         500
Baseline Measurements & Goals
  Twitter & Foursquare

Froyo Bella   Tweets   Followers   Froyo Bella   Check-ins   Unique People
   Today         1          5          Today         496          354
 6/30/2012       5         10        6/30/2012       600         400
  7/31/2012      9         15        7/31/2012       700         450
  8/31/2012      13        20        8/31/2012       800         500
 9/30/2012       17        25        9/30/2012       900         550
 10/31/2012      21        30       10/31/2012      1,000        600
 11/30/2012     25         35       11/30/2012      1,100        650
 12/31/2012     29         40       12/31/2012      1,200        700
Baseline Measurements & Goals
 Pinterest

       Froyo Bella     Number of   Followers
                       Boards
              Today           0           0
           6/30/2012         2            0
           7/31/2012         4            2
           8/31/2012         5            4
           9/30/2012         --           6
          10/31/2012         --           8
          11/30/2012         --           10
          12/31/2012         --           12
Strategy
 Naming Strategy
    Awareness
    Relationships
       Signage and promotion
          Heavy traffic

       Convenient interaction
          Menus, table-topper signage

            QR codes, etc…

          Naming

            Facebook, Twitter, etc…

            Foursquare, Yelp!

   Customer benefit
Strategy
 Staffing
    Owner computer literacy / English fluency
    Manager (Tae Heon)
       Competent & capable
         Media degree

         Designed current site

       Quick, knowledgeable
       Time constraints
Strategy
 Staffing
    Employee
       Time
       Knowledge
       Skills?
   Third-party
       Expert
       “Outsider perspective”
       Price
Strategy
 Offline
   Integration
       Branding
       Consistent image
         Colors

         Font

         Copy

       Communication
         Online-offline

         Offline-online
Tactics
Facebook & Twitter
   New flavor posts accompanied by photos
   Customer photo uploads
   Familiarizing customers with flavor and topping combinations
Facebook Content                   Twitter Post                       Objective          Date
    Status update: “6/3: New           Post: “6/3: New Flavors this   Generate repeat    6/3/2012
    Flavors this week are xxxxx,       week are xxxxx, xxxxxx, and    business; engage   Week 1
    xxxxxx, and xxxxx”                 xxxxx @FroyoBella”             with customers
    Post photos of these flavors       Include a Twit pics
    with the above status
    update.
    Status update: “<insert            Post: “<insert flavor> Pic of Generate repeat     6/6/2012
    flavor> Pic of the Week”           the Week <twit pic url>       business; engage    Week 1
    Post photo of a customer’s         @FroyoBella                   with customers
    sundae creation based on           Include a Twit pic
    one of the new flavors this
    week.
Foursquare
 Discounts offered throughout the year with check-in
 Monitor and address “tips”
  Foursquare Specials                  Objective                           Date
    Special: “Check in 6/10-6/16 to    Attract new and repeat business;    6/10-6/16
    get 20% off a <list this weeks’    help deplete stock of this weeks’   Month 1
    new flavors> frozen yogurt         flavors
    sundae!”
    Special: “Check in 7/8-7/14 to     Attract new and repeat business;    7/8-7/14
    get 20% off a <list this weeks’    help deplete stock of this weeks’   Month 2
    new flavors> frozen yogurt         flavors
    sundae!”
    Special: “Check in 9/2-9/8 for     Attract new and repeat business;    9/2-9/8
    our Back to School special: get    help deplete stock of this weeks’   Month 4
    20% off any flavor frozen yogurt   flavors
    sundae!”
Pinterest
    Photo repository – all flavors; all topppings
    Familiarize customers with flavor and topping combinations

Pinterest Content                                      Objective                       Date
    Build a board showing photos of all 45 flavors.    Engage with customers online    6/4 – 6/15

    Build a board showing photos of all toppings.      Engage with customers online    6/18 – 6/29

    Build a board showing the most popular flavor &    Engage with customers online;   7/2 – 7/6
    topping combinations                               streamline ordering process
    Build a board of things related to frozen yogurt   Engage with customers online    7/9 – 7/13
    (i.e. dairy images, cows, fresh yogurt, etc.)
    Build a board of things related to frozen yogurt   Engage with customers online    7/16 – 7/27
    (i.e. how consumers can make their own frozen
    yogurt treats at home)
    Build a board that shows settings in which frozen Engage with customers online     7/30 – 8/10
    yogurt is served (i.e. in famous settings,
    actors/celebrities eating FY, served at a wedding,
    etc.)
Yelp
 Monitor
 Fill in store info
 Correct misinformation
 Address complaints
    Apologize
    Tell the consumer how you’ve fixed the problem
Website
 Mobile optimized
 Add more professional photos of FB’s frozen yogurt
 Finish the site – some pages under construction
 Add flavor forecast/calendar
 Add social sharing icons
Partnership Opportunities
 Become more involved in Bayshore events
    Pushcart
 Local school/rec sports teams
    discount on game day
 Board Game Barrister
    Hosts board game events weekly
    Proximity = right next door
 Discount to iPic movie goers after the show
    Present receipt/ticket stub
Budget
                                         2011        Jan.-May    Jun-Dec. 2012     2013
                                                       2012
Annual Revenue                         $3,240,000   $1,350,000    $1,937,000     $3,372,000
Annual Revenue From Marketing Plan         --            --         $47,000       $52,000
Annual Costs Less Marketing Expenses    $936,000     $405,000      $581,100      $1,011,600
Annual Marketing Expenses                   ?            ?          $23,500       $26,000
 Professional Photos                       --            --          $500           N/A
 Changes to Website                        --            --       No Charge         N/A
 Consulting Services For:                  --            --         $23,000       $26,000
  Facebook Page Development                --            --         $3,000          N/A
  Facebook Ads                             --            --         $3,000         $4,000
   Posting, Monitoring Responding          --            --         $5,000         $7,500
  Twitter Page Development                 --            --          $500           N/A
   Posting, Monitoring Responding          --            --         $5,000         $7,500
  Pinterest Acct/Board Development         --            --         $2,000          N/A
   Monitoring, Re-Pinning                  --            --         $1,333         $2,333
  Foursquare Acct. Development             --            --          $500           N/A
   Specials, Monitoring, Responding        --            --         $1,333         $2,333
  Yelp Acct, Monitoring, Responding        --            --         $1,333         $2,333
Measure & Report
 Methods & metrics
   Site traffic                 Redemptions
       Google analytics            Point-of-sale system
         Incoming traffic
                                    Cashier
         Content drivers

            Consumer desires

   Social media
     Likes / followers vs.
      visits
       Relevant content

     Customer feedback
       Operations
Analyze & Adapt
 Data support                Customer awareness
    Theories, concepts, ins     Market research
     tincts                        Costly

                                 Benchmarking
 Data interpretation
                                   Right now
    Useful information
                              Feasibility
      Targeting
                                 Staffing
 Review                         Budget
    Monthly & annually       Adapt
                                 Breadth
Questions?

More Related Content

Similar to Ba895 slides v6

Inbound Strategy The Honest Dog Co.
Inbound Strategy The Honest Dog Co.Inbound Strategy The Honest Dog Co.
Inbound Strategy The Honest Dog Co.RachelCipriano1
 
Bone’s Pizza and restaurant updated
Bone’s Pizza and restaurant updatedBone’s Pizza and restaurant updated
Bone’s Pizza and restaurant updatedChloe Joyce
 
Social media and multichannel consumer
Social media and multichannel consumerSocial media and multichannel consumer
Social media and multichannel consumerBarry Dalton
 
The Pillars of Successful Data Visualization
The Pillars of Successful Data VisualizationThe Pillars of Successful Data Visualization
The Pillars of Successful Data VisualizationGregory Kaminski
 
Business Proposal & Proof of Concept for a Restaurant for a Leading Shopping ...
Business Proposal & Proof of Concept for a Restaurant for a Leading Shopping ...Business Proposal & Proof of Concept for a Restaurant for a Leading Shopping ...
Business Proposal & Proof of Concept for a Restaurant for a Leading Shopping ...Surya Adavi
 
Pepsi hajipur marketing
Pepsi hajipur marketingPepsi hajipur marketing
Pepsi hajipur marketingSonu Kumar
 
User Onboarding - Startup Launchpad - Masterclass 2019
User Onboarding - Startup Launchpad - Masterclass 2019User Onboarding - Startup Launchpad - Masterclass 2019
User Onboarding - Startup Launchpad - Masterclass 2019Marie-Rose Tripault
 
"Brunch a-go-go" UCBX New Product Development
"Brunch a-go-go" UCBX New Product Development"Brunch a-go-go" UCBX New Product Development
"Brunch a-go-go" UCBX New Product Developmenthbencheva
 
Foodavinci - Business Class Accelerator Pitch
Foodavinci - Business Class Accelerator PitchFoodavinci - Business Class Accelerator Pitch
Foodavinci - Business Class Accelerator PitchTink Newman
 
COM 588: THEO Chocolate Marketing Integration Plan
COM 588: THEO Chocolate Marketing Integration Plan COM 588: THEO Chocolate Marketing Integration Plan
COM 588: THEO Chocolate Marketing Integration Plan Melinda Yang
 
Palmetto Pitmasters Presentation
Palmetto Pitmasters PresentationPalmetto Pitmasters Presentation
Palmetto Pitmasters PresentationDaniel Carroll
 
Indonesia online ver 2014 im seminar #5
Indonesia online ver 2014 im seminar #5Indonesia online ver 2014 im seminar #5
Indonesia online ver 2014 im seminar #5Rono Iqbal
 

Similar to Ba895 slides v6 (20)

Inbound Strategy The Honest Dog Co.
Inbound Strategy The Honest Dog Co.Inbound Strategy The Honest Dog Co.
Inbound Strategy The Honest Dog Co.
 
Bone’s Pizza and restaurant updated
Bone’s Pizza and restaurant updatedBone’s Pizza and restaurant updated
Bone’s Pizza and restaurant updated
 
Marketing plan
Marketing planMarketing plan
Marketing plan
 
Social media and multichannel consumer
Social media and multichannel consumerSocial media and multichannel consumer
Social media and multichannel consumer
 
The Pillars of Successful Data Visualization
The Pillars of Successful Data VisualizationThe Pillars of Successful Data Visualization
The Pillars of Successful Data Visualization
 
Pepsi hajipur
Pepsi hajipurPepsi hajipur
Pepsi hajipur
 
Pepsi hajipur
Pepsi hajipurPepsi hajipur
Pepsi hajipur
 
Business Proposal & Proof of Concept for a Restaurant for a Leading Shopping ...
Business Proposal & Proof of Concept for a Restaurant for a Leading Shopping ...Business Proposal & Proof of Concept for a Restaurant for a Leading Shopping ...
Business Proposal & Proof of Concept for a Restaurant for a Leading Shopping ...
 
Juice n bowls restaurant
Juice n bowls restaurantJuice n bowls restaurant
Juice n bowls restaurant
 
Pepsi hajipur marketing
Pepsi hajipur marketingPepsi hajipur marketing
Pepsi hajipur marketing
 
Sosyo
SosyoSosyo
Sosyo
 
Global Social Research and Tactics
Global Social Research and TacticsGlobal Social Research and Tactics
Global Social Research and Tactics
 
User Onboarding - Startup Launchpad - Masterclass 2019
User Onboarding - Startup Launchpad - Masterclass 2019User Onboarding - Startup Launchpad - Masterclass 2019
User Onboarding - Startup Launchpad - Masterclass 2019
 
"Brunch a-go-go" UCBX New Product Development
"Brunch a-go-go" UCBX New Product Development"Brunch a-go-go" UCBX New Product Development
"Brunch a-go-go" UCBX New Product Development
 
Foodavinci - Business Class Accelerator Pitch
Foodavinci - Business Class Accelerator PitchFoodavinci - Business Class Accelerator Pitch
Foodavinci - Business Class Accelerator Pitch
 
COM 588: THEO Chocolate Marketing Integration Plan
COM 588: THEO Chocolate Marketing Integration Plan COM 588: THEO Chocolate Marketing Integration Plan
COM 588: THEO Chocolate Marketing Integration Plan
 
Palmetto Pitmasters Presentation
Palmetto Pitmasters PresentationPalmetto Pitmasters Presentation
Palmetto Pitmasters Presentation
 
Abc
AbcAbc
Abc
 
Indonesia online ver 2014 im seminar #5
Indonesia online ver 2014 im seminar #5Indonesia online ver 2014 im seminar #5
Indonesia online ver 2014 im seminar #5
 
Creating a Brand
Creating a BrandCreating a Brand
Creating a Brand
 

Recently uploaded

Developer Data Modeling Mistakes: From Postgres to NoSQL
Developer Data Modeling Mistakes: From Postgres to NoSQLDeveloper Data Modeling Mistakes: From Postgres to NoSQL
Developer Data Modeling Mistakes: From Postgres to NoSQLScyllaDB
 
TrustArc Webinar - How to Build Consumer Trust Through Data Privacy
TrustArc Webinar - How to Build Consumer Trust Through Data PrivacyTrustArc Webinar - How to Build Consumer Trust Through Data Privacy
TrustArc Webinar - How to Build Consumer Trust Through Data PrivacyTrustArc
 
"ML in Production",Oleksandr Bagan
"ML in Production",Oleksandr Bagan"ML in Production",Oleksandr Bagan
"ML in Production",Oleksandr BaganFwdays
 
"Subclassing and Composition – A Pythonic Tour of Trade-Offs", Hynek Schlawack
"Subclassing and Composition – A Pythonic Tour of Trade-Offs", Hynek Schlawack"Subclassing and Composition – A Pythonic Tour of Trade-Offs", Hynek Schlawack
"Subclassing and Composition – A Pythonic Tour of Trade-Offs", Hynek SchlawackFwdays
 
Streamlining Python Development: A Guide to a Modern Project Setup
Streamlining Python Development: A Guide to a Modern Project SetupStreamlining Python Development: A Guide to a Modern Project Setup
Streamlining Python Development: A Guide to a Modern Project SetupFlorian Wilhelm
 
Powerpoint exploring the locations used in television show Time Clash
Powerpoint exploring the locations used in television show Time ClashPowerpoint exploring the locations used in television show Time Clash
Powerpoint exploring the locations used in television show Time Clashcharlottematthew16
 
TeamStation AI System Report LATAM IT Salaries 2024
TeamStation AI System Report LATAM IT Salaries 2024TeamStation AI System Report LATAM IT Salaries 2024
TeamStation AI System Report LATAM IT Salaries 2024Lonnie McRorey
 
Commit 2024 - Secret Management made easy
Commit 2024 - Secret Management made easyCommit 2024 - Secret Management made easy
Commit 2024 - Secret Management made easyAlfredo García Lavilla
 
Unraveling Multimodality with Large Language Models.pdf
Unraveling Multimodality with Large Language Models.pdfUnraveling Multimodality with Large Language Models.pdf
Unraveling Multimodality with Large Language Models.pdfAlex Barbosa Coqueiro
 
The Ultimate Guide to Choosing WordPress Pros and Cons
The Ultimate Guide to Choosing WordPress Pros and ConsThe Ultimate Guide to Choosing WordPress Pros and Cons
The Ultimate Guide to Choosing WordPress Pros and ConsPixlogix Infotech
 
Human Factors of XR: Using Human Factors to Design XR Systems
Human Factors of XR: Using Human Factors to Design XR SystemsHuman Factors of XR: Using Human Factors to Design XR Systems
Human Factors of XR: Using Human Factors to Design XR SystemsMark Billinghurst
 
Designing IA for AI - Information Architecture Conference 2024
Designing IA for AI - Information Architecture Conference 2024Designing IA for AI - Information Architecture Conference 2024
Designing IA for AI - Information Architecture Conference 2024Enterprise Knowledge
 
Unleash Your Potential - Namagunga Girls Coding Club
Unleash Your Potential - Namagunga Girls Coding ClubUnleash Your Potential - Namagunga Girls Coding Club
Unleash Your Potential - Namagunga Girls Coding ClubKalema Edgar
 
H2O.ai CEO/Founder: Sri Ambati Keynote at Wells Fargo Day
H2O.ai CEO/Founder: Sri Ambati Keynote at Wells Fargo DayH2O.ai CEO/Founder: Sri Ambati Keynote at Wells Fargo Day
H2O.ai CEO/Founder: Sri Ambati Keynote at Wells Fargo DaySri Ambati
 
How AI, OpenAI, and ChatGPT impact business and software.
How AI, OpenAI, and ChatGPT impact business and software.How AI, OpenAI, and ChatGPT impact business and software.
How AI, OpenAI, and ChatGPT impact business and software.Curtis Poe
 
Are Multi-Cloud and Serverless Good or Bad?
Are Multi-Cloud and Serverless Good or Bad?Are Multi-Cloud and Serverless Good or Bad?
Are Multi-Cloud and Serverless Good or Bad?Mattias Andersson
 
New from BookNet Canada for 2024: BNC CataList - Tech Forum 2024
New from BookNet Canada for 2024: BNC CataList - Tech Forum 2024New from BookNet Canada for 2024: BNC CataList - Tech Forum 2024
New from BookNet Canada for 2024: BNC CataList - Tech Forum 2024BookNet Canada
 
CloudStudio User manual (basic edition):
CloudStudio User manual (basic edition):CloudStudio User manual (basic edition):
CloudStudio User manual (basic edition):comworks
 

Recently uploaded (20)

Developer Data Modeling Mistakes: From Postgres to NoSQL
Developer Data Modeling Mistakes: From Postgres to NoSQLDeveloper Data Modeling Mistakes: From Postgres to NoSQL
Developer Data Modeling Mistakes: From Postgres to NoSQL
 
TrustArc Webinar - How to Build Consumer Trust Through Data Privacy
TrustArc Webinar - How to Build Consumer Trust Through Data PrivacyTrustArc Webinar - How to Build Consumer Trust Through Data Privacy
TrustArc Webinar - How to Build Consumer Trust Through Data Privacy
 
"ML in Production",Oleksandr Bagan
"ML in Production",Oleksandr Bagan"ML in Production",Oleksandr Bagan
"ML in Production",Oleksandr Bagan
 
"Subclassing and Composition – A Pythonic Tour of Trade-Offs", Hynek Schlawack
"Subclassing and Composition – A Pythonic Tour of Trade-Offs", Hynek Schlawack"Subclassing and Composition – A Pythonic Tour of Trade-Offs", Hynek Schlawack
"Subclassing and Composition – A Pythonic Tour of Trade-Offs", Hynek Schlawack
 
Streamlining Python Development: A Guide to a Modern Project Setup
Streamlining Python Development: A Guide to a Modern Project SetupStreamlining Python Development: A Guide to a Modern Project Setup
Streamlining Python Development: A Guide to a Modern Project Setup
 
DMCC Future of Trade Web3 - Special Edition
DMCC Future of Trade Web3 - Special EditionDMCC Future of Trade Web3 - Special Edition
DMCC Future of Trade Web3 - Special Edition
 
E-Vehicle_Hacking_by_Parul Sharma_null_owasp.pptx
E-Vehicle_Hacking_by_Parul Sharma_null_owasp.pptxE-Vehicle_Hacking_by_Parul Sharma_null_owasp.pptx
E-Vehicle_Hacking_by_Parul Sharma_null_owasp.pptx
 
Powerpoint exploring the locations used in television show Time Clash
Powerpoint exploring the locations used in television show Time ClashPowerpoint exploring the locations used in television show Time Clash
Powerpoint exploring the locations used in television show Time Clash
 
TeamStation AI System Report LATAM IT Salaries 2024
TeamStation AI System Report LATAM IT Salaries 2024TeamStation AI System Report LATAM IT Salaries 2024
TeamStation AI System Report LATAM IT Salaries 2024
 
Commit 2024 - Secret Management made easy
Commit 2024 - Secret Management made easyCommit 2024 - Secret Management made easy
Commit 2024 - Secret Management made easy
 
Unraveling Multimodality with Large Language Models.pdf
Unraveling Multimodality with Large Language Models.pdfUnraveling Multimodality with Large Language Models.pdf
Unraveling Multimodality with Large Language Models.pdf
 
The Ultimate Guide to Choosing WordPress Pros and Cons
The Ultimate Guide to Choosing WordPress Pros and ConsThe Ultimate Guide to Choosing WordPress Pros and Cons
The Ultimate Guide to Choosing WordPress Pros and Cons
 
Human Factors of XR: Using Human Factors to Design XR Systems
Human Factors of XR: Using Human Factors to Design XR SystemsHuman Factors of XR: Using Human Factors to Design XR Systems
Human Factors of XR: Using Human Factors to Design XR Systems
 
Designing IA for AI - Information Architecture Conference 2024
Designing IA for AI - Information Architecture Conference 2024Designing IA for AI - Information Architecture Conference 2024
Designing IA for AI - Information Architecture Conference 2024
 
Unleash Your Potential - Namagunga Girls Coding Club
Unleash Your Potential - Namagunga Girls Coding ClubUnleash Your Potential - Namagunga Girls Coding Club
Unleash Your Potential - Namagunga Girls Coding Club
 
H2O.ai CEO/Founder: Sri Ambati Keynote at Wells Fargo Day
H2O.ai CEO/Founder: Sri Ambati Keynote at Wells Fargo DayH2O.ai CEO/Founder: Sri Ambati Keynote at Wells Fargo Day
H2O.ai CEO/Founder: Sri Ambati Keynote at Wells Fargo Day
 
How AI, OpenAI, and ChatGPT impact business and software.
How AI, OpenAI, and ChatGPT impact business and software.How AI, OpenAI, and ChatGPT impact business and software.
How AI, OpenAI, and ChatGPT impact business and software.
 
Are Multi-Cloud and Serverless Good or Bad?
Are Multi-Cloud and Serverless Good or Bad?Are Multi-Cloud and Serverless Good or Bad?
Are Multi-Cloud and Serverless Good or Bad?
 
New from BookNet Canada for 2024: BNC CataList - Tech Forum 2024
New from BookNet Canada for 2024: BNC CataList - Tech Forum 2024New from BookNet Canada for 2024: BNC CataList - Tech Forum 2024
New from BookNet Canada for 2024: BNC CataList - Tech Forum 2024
 
CloudStudio User manual (basic edition):
CloudStudio User manual (basic edition):CloudStudio User manual (basic edition):
CloudStudio User manual (basic edition):
 

Ba895 slides v6

  • 1. Bandar Alogbi, David Allen, Christine Clouse BusAdm895 | Spring 2012
  • 2. Company Background • History • Froyo Bella was opened in 2010 • One store only so far • Products • frozen yoghurt in 45 flavors • 47 toppings including 14 fresh fruits • Smoothies & soft drinks plus candy
  • 3. Main Value Proposition  Healthier alternative to ice cream  Fewer calories  low-fat and non-fat varieties  Live active cultures  help the digestive system  Fresh fruit  Fresh fruit every 4 hours
  • 4. Online Marketing  Website  Uses flash  Good visually – highly professional appearance  Not mobile friendly  Content  No info about upcoming flavors availability  No social media connecting/sharing tools
  • 5. Business Situation  Sales increased 4% during the past two years  2010-2011  Customer age is around 40+  Got reduced when price lowered  Sales volume varies by Season  Summer  School break
  • 6. SWOT Analysis Strengths Weaknesses 1) Excellent location 1) Low awareness 2) Healthier product offerings 2) Expensive price 3) Low operating cost 3) Sales seasonality 4) The only frozen yogurt store in the area 4) Only sells desert 5) Can only offer six flavors at a time 6) Owner does not have a business background 7) Owner is not proficient in English or on computers 8) Product cannot be marketed as healthy Opportunities Threats 1) Tapping into new promising market 1) Well known competitors in the area (Young customers) 2) Non-fat image as being not tasty 2) Leverage inexpensive marketing tools 3) Partner with local organizations/ businesses
  • 7. Competitive Environment  Many stores sells alternative products  Major franchise  Dairy Queen  Baskin Robbins  Coldstone  Local stores  Kopp’s  Established: 1950  Three locations  Chocolate Factory  Established: 1972  Seven locations
  • 8. Competitor benchmarks  Kopp’s  Website design: Simple  Info: Complete  Link to social media: Yes  Twitter  Tweets: 1504  Followers: 3211  Following: 63  Tweet: Ads/Flavors  Facebook  Likes: 1886  Talked about: 11  Content: skeleton
  • 9. Competitor benchmarks  Chocolate Factory  Website design: Simple  Info: Complete  Link to social media: No  Twitter  Tweets: 96  Followers: 87  Following: 57  Tweet: None since 2010  Facebook  Likes: 1424  Talked about: 07  Traffic: 54  Content: Good mix
  • 10. Location Analysis  Excellent location  In Bayshore town Center  Annual visitors: 15 million +  Daily Vehicle traffic: 130,000  Many events and activities held  High visibility location  Near one of the main entrance  Across from Alterra ($1.5 million in sale per month)
  • 11. Business Objectives  Marketing objectives  Increase awareness  Increase sales  Operational objective  Speed up customer decision on what to flavor/toppings to choose  Current activities  20% mailed coupon through Bayshore Town Center  50% Groupon  3,000 sold  Loyalty punch card  One free frozen yogurt after ten purchases
  • 12. Baseline Measurements & Goals  Facebook Froyo Bella Likes Talked About Traffic Today 3 1 94 6/30/2012 28 3 200 7/31/2012 53 5 250 8/31/2012 78 7 300 9/30/2012 103 10 350 10/31/2012 128 12 400 11/30/2012 153 15 450 12/31/2012 178 18 500
  • 13. Baseline Measurements & Goals  Twitter & Foursquare Froyo Bella Tweets Followers Froyo Bella Check-ins Unique People Today 1 5 Today 496 354 6/30/2012 5 10 6/30/2012 600 400 7/31/2012 9 15 7/31/2012 700 450 8/31/2012 13 20 8/31/2012 800 500 9/30/2012 17 25 9/30/2012 900 550 10/31/2012 21 30 10/31/2012 1,000 600 11/30/2012 25 35 11/30/2012 1,100 650 12/31/2012 29 40 12/31/2012 1,200 700
  • 14. Baseline Measurements & Goals  Pinterest Froyo Bella Number of Followers Boards Today 0 0 6/30/2012 2 0 7/31/2012 4 2 8/31/2012 5 4 9/30/2012 -- 6 10/31/2012 -- 8 11/30/2012 -- 10 12/31/2012 -- 12
  • 15. Strategy  Naming Strategy  Awareness  Relationships  Signage and promotion  Heavy traffic  Convenient interaction  Menus, table-topper signage  QR codes, etc…  Naming  Facebook, Twitter, etc…  Foursquare, Yelp!  Customer benefit
  • 16. Strategy  Staffing  Owner computer literacy / English fluency  Manager (Tae Heon)  Competent & capable  Media degree  Designed current site  Quick, knowledgeable  Time constraints
  • 17. Strategy  Staffing  Employee  Time  Knowledge  Skills?  Third-party  Expert  “Outsider perspective”  Price
  • 18. Strategy  Offline  Integration  Branding  Consistent image  Colors  Font  Copy  Communication  Online-offline  Offline-online
  • 20. Facebook & Twitter  New flavor posts accompanied by photos  Customer photo uploads  Familiarizing customers with flavor and topping combinations Facebook Content Twitter Post Objective Date Status update: “6/3: New Post: “6/3: New Flavors this Generate repeat 6/3/2012 Flavors this week are xxxxx, week are xxxxx, xxxxxx, and business; engage Week 1 xxxxxx, and xxxxx” xxxxx @FroyoBella” with customers Post photos of these flavors Include a Twit pics with the above status update. Status update: “<insert Post: “<insert flavor> Pic of Generate repeat 6/6/2012 flavor> Pic of the Week” the Week <twit pic url> business; engage Week 1 Post photo of a customer’s @FroyoBella with customers sundae creation based on Include a Twit pic one of the new flavors this week.
  • 21. Foursquare  Discounts offered throughout the year with check-in  Monitor and address “tips” Foursquare Specials Objective Date Special: “Check in 6/10-6/16 to Attract new and repeat business; 6/10-6/16 get 20% off a <list this weeks’ help deplete stock of this weeks’ Month 1 new flavors> frozen yogurt flavors sundae!” Special: “Check in 7/8-7/14 to Attract new and repeat business; 7/8-7/14 get 20% off a <list this weeks’ help deplete stock of this weeks’ Month 2 new flavors> frozen yogurt flavors sundae!” Special: “Check in 9/2-9/8 for Attract new and repeat business; 9/2-9/8 our Back to School special: get help deplete stock of this weeks’ Month 4 20% off any flavor frozen yogurt flavors sundae!”
  • 22. Pinterest  Photo repository – all flavors; all topppings  Familiarize customers with flavor and topping combinations Pinterest Content Objective Date Build a board showing photos of all 45 flavors. Engage with customers online 6/4 – 6/15 Build a board showing photos of all toppings. Engage with customers online 6/18 – 6/29 Build a board showing the most popular flavor & Engage with customers online; 7/2 – 7/6 topping combinations streamline ordering process Build a board of things related to frozen yogurt Engage with customers online 7/9 – 7/13 (i.e. dairy images, cows, fresh yogurt, etc.) Build a board of things related to frozen yogurt Engage with customers online 7/16 – 7/27 (i.e. how consumers can make their own frozen yogurt treats at home) Build a board that shows settings in which frozen Engage with customers online 7/30 – 8/10 yogurt is served (i.e. in famous settings, actors/celebrities eating FY, served at a wedding, etc.)
  • 23. Yelp  Monitor  Fill in store info  Correct misinformation  Address complaints  Apologize  Tell the consumer how you’ve fixed the problem
  • 24. Website  Mobile optimized  Add more professional photos of FB’s frozen yogurt  Finish the site – some pages under construction  Add flavor forecast/calendar  Add social sharing icons
  • 25. Partnership Opportunities  Become more involved in Bayshore events  Pushcart  Local school/rec sports teams  discount on game day  Board Game Barrister  Hosts board game events weekly  Proximity = right next door  Discount to iPic movie goers after the show  Present receipt/ticket stub
  • 26. Budget 2011 Jan.-May Jun-Dec. 2012 2013 2012 Annual Revenue $3,240,000 $1,350,000 $1,937,000 $3,372,000 Annual Revenue From Marketing Plan -- -- $47,000 $52,000 Annual Costs Less Marketing Expenses $936,000 $405,000 $581,100 $1,011,600 Annual Marketing Expenses ? ? $23,500 $26,000 Professional Photos -- -- $500 N/A Changes to Website -- -- No Charge N/A Consulting Services For: -- -- $23,000 $26,000 Facebook Page Development -- -- $3,000 N/A Facebook Ads -- -- $3,000 $4,000 Posting, Monitoring Responding -- -- $5,000 $7,500 Twitter Page Development -- -- $500 N/A Posting, Monitoring Responding -- -- $5,000 $7,500 Pinterest Acct/Board Development -- -- $2,000 N/A Monitoring, Re-Pinning -- -- $1,333 $2,333 Foursquare Acct. Development -- -- $500 N/A Specials, Monitoring, Responding -- -- $1,333 $2,333 Yelp Acct, Monitoring, Responding -- -- $1,333 $2,333
  • 27. Measure & Report  Methods & metrics  Site traffic  Redemptions  Google analytics  Point-of-sale system  Incoming traffic  Cashier  Content drivers  Consumer desires  Social media  Likes / followers vs. visits  Relevant content  Customer feedback  Operations
  • 28. Analyze & Adapt  Data support  Customer awareness  Theories, concepts, ins  Market research tincts  Costly  Benchmarking  Data interpretation  Right now  Useful information  Feasibility  Targeting  Staffing  Review  Budget  Monthly & annually  Adapt  Breadth