SlideShare a Scribd company logo
1 of 38
REPORT ON LAUNCHING
OF NEW PRODUCT
REFRESH JUICE
National College Of Computer Sciences


Topic: Report On Launching Of New Juice Refresh
Submitted To: Mem mehvish,
Submitted by:
Name: Muhammed mehmood.
Roll #: B1002
Semester: 2nd
Session: 2012-15
Date: 27-09-2012




   UNIVERSITY OF SOUTH ASIA
         Rahim Yar Khan Campus
Contents of Marketing Plan
Part 1: Dedication

Part 2: Acknowledgement

Part 3: Executive summary

Part 4: Introduction

   a)   Vision statement
   b)   Mission statement
   c)   Company
   d)   Product

Part 5: Analysis

   a)   Current market situation
   b)   Objectives
   c)   SWOT analysis
   d)   Market survey
   e)   Marketing strategy
   f)   Basis of segmentation
   g)   Targeting
   h)   Marketing mix

Part 6: implementation and control

   a) Budgeting
   b) Action programs

Part 7: Annexes’

   a) Customer feedback survey
Respected Sir,


  I am pleased to submit my report on the launching of new juice
“Refresh” to you. I have tried my best to come up to your mark by
providing unique ideas and elegant presentation. I am thankful to you for
giving me an opportunity to survey, analyze and enhance my
knowledge.
Acknowledgement:

  A work is never a work of an individual. I owe a sense of
gratitude to the intelligence and co-operation of those people who
had been so easy to let me understand what I needed from time to
time for completion of this exclusive project.

 I want to express my special gratitude towards Mr. Abdul
Ghafoor lecturer, Marketing Management, for giving us such a
unique project.

 Last but not the least I would like to forward my gratitude to all
the people who always endured me and stood by me and without
whom I could not have been envisaged the completion of my
project.
Executive summary:
    This report explains the marketing plan for launching a fresh juice
   named Refresh. This product have been made by FJ Beverages and
   is approved from the Ministry Of Health. In the very beginning of
   the report I explained the vision and mission statement of the
   company and I have further carried out. It will be introduced in the
   market with the help of various promotional displays and
   advertisement and distribution of the samples to the general public.
   This report examines that this product is initially launches in
   Rahim Yar Khan’s domestic market. The study includes both
   primary and secondary research. The primary study focus on
   survey of the competitors and the likings and disliking of people.
   Through this strategy company can penetrate in the market and can
   attract bulk of customers.
    For this purpose I have conducted SWOT analysis of the company
   to see company’s strengths, weaknesses, opportunities and threats.
    Then I have explained the purposes, benefits, and objectives of the
   product. Then I have make the marketing mix strategy of my
   product. I have divided market into different segments and decide
   to target kids, youngsters, mature and old age persons.
     I have also paid special attention to the packaging, color, and
   price of the product, I have decide to place my product in the
   Rahim Yar Khan market, especially canteens of schools, colleges,
   and universities.
   I will promote my product through electronic media, cable, and
   outdoor sources. I have also conducted customer feedback survey
   to know the opinion of public about my product. So that I can
   develop it accordingly.
INTRODUCTION                            TO           THE              FJ
BEVERAGES
Company’s vision statement:

“Be the leader in the customer value”

Company’s mission statement:

“To set world class standard in the juice industry through providing a
diverse range of high quality juice products that are prepared. In
accordance with the Islamic principles striving to satisfy consumers’ tasks
and needs and serving the society.”




THE FJ BEVERAGES                                BUSINESS              IN
RAHIM YAR KHAN:
 FJ Beverages will commence its business in Rahim Yar Khan from October
2012. The factory facility has been founded on 2o canal area of land in the
Industrial Area of the city.


 The factory is expected to match the demands of the product. Wee have
ensured the installation of modern, sophisticated and efficient equipment
conforming to the very latest standards of “Goods Manufacturing Practices”.
INTRODUCTION TO “REFRESH”
    People started to perished under the scorching heat of summer in our
  country.
  They need an energy drink to refresh themselves. The Refresh is a fresh
  juice product. It provides energy and keeps fresh when people feel weak or
  tired from doing work.

   It contains vitamins and proteins which is a useful energy source. Vitamins
  give freshness and proteins are the energy cells that recharge the human
  body, so that they work their maximum.

   The students, employees and workers become tired due to the workers
  become tired due to the work burden and sunlight which make them feel
  loose. They need an enrgy drink that makes them re energize so they may
  be able to perform better again and feel fresh.



   Slogan:


                “The taste you desire”



  Ingredients are:

             Mango, orange, apple and mixed
             Sugar
             Ascorbic acid
             Stabilizer
             Preservative
             Artificial flavor
             Beta carotene
Current Market Situation:

   Refresh is a fresh juice product that is going to be introduced in the
   domestic market of Rahim Yar Khan. We are focusing to all levels of
   generation. The kids, youth, old and over all families.


   The price of the
Refresh of moderate, because it is for everyone in the market.

 Objectives:
  Following are some of the objectives of the company;



      To increase the 25% market share
      To increase the length of product line i.e. its five now, we should
       increase it to 6 or 7 soon.
      To increase profits
      To face strong competitors i.e. like Shezan and Nestle




  SWOT Analysis:
           Strength

         Weakness

           Opportunity

           Threat



Strengths:
          Updated technology plant
          Quality product
          Specialists available for specialized jobs and tasks
          Hire experienced staff
          Medical insurance of employees
          Pakistani made
          Targeted to low and middle class people
 Reasonable price
        Expiry date above 6 months



Weaknesses:
              New in juice industry
              Small distribution network
              Strong competitor
              No market share
              Limited experience of customers



Opportunities:
                  Increase the distribution network
                  Acquiring the newer technology and techniques
                  Market is very big and attractive
                  Takeover of the distribution

Threats:
                  Political instability
                  New entrance from the competitors
                  So many competitors
                  Retaining consumers
                  Economic instability
                  Increase of general sales tax
                  Development of plant
Our Competitors:
  The Refresh is currently facing a competitive environment. Because the
competitors of Refresh are:

       Shezan
       Country
       Nestle

 Product review:
 The Refresh is available in 250ml size and available in different flavours like:

         Mango
         Orange
         Apple
         Pineapple
         Mix fruit



 Competitive Review:
 Refresh Competitor:
 The competitors of Refresh are more than 5. Nestle and Shezan are leading
market right now and other are far away from it.

  Nestle and Shezan have loyal customers over the years because they are very old
and customers are aware of their merits and demerits. The company’s first purpose
is to compete with the competitors having large market share.



The main competitors are;


      




                   SHEZAN




Product:
All Pure juice is a product by Shezan International Ltd.



Qualities:
             High quality availability
             Large range of flavors
             Standardized and attractive packing
             Large promotion and market coverage
             Available in various weights packing

Price:
 Minimum price of juice is Rs. 15

Place:
Shezan has a 35% market share in Pakistan.

Promotion:
They promote their product through

         Electronic media
         Print media
         FM radio
         Sales promotion

                       NESTLE




Product:
Nestle Fruita Vitals is a product by Nestle International.



 Quality:
        Large promotions and market coverage
        Large range of flavors
        High availability
Price:
 Minimum price of juice is Rs.20



Promotion:
 They promote their product through

        Electronic media
        Print media
        Sales promotion



Place:
Nestle has a 45% market share in Pakistan.

 Marketing strategy:
  The marketing strategy is based on positioning of the product in the mind of
consumers.

            Providing high quality juice to the customers
            We will distribute our product on mass level to that we can
             maximize the profitability

 Positioning strategies:


    We want to put an image of our product in the consumers mind as compare to
competitor’s product. We want to target the high school, college and graduate
students and government sectors that have to work hard and need to “Refresh”
them is an instant.
Market Segmentation:
 Refresh will have market segmentation on two basis;

       Geographical segmentation
       Demographic segmentation


Geographical segmentation:
      The Refresh geographic target area is Rahim Yar Khan. Supplying
      product to all areas of Rahim Yar Khan, and have further divided the city
      into five zones.

               Zone A: Gulshan-e-usman
               Zone B: Gulshan-e-iqbal
               Zone C: Church road
               Zone D: Shahi road
               Zone E: Jinnah Park
Demographic segmentation:
Demographic segmentation is done on the basis of;

       Age
       Gender
       Income occupation
       Education
       Lifestyles
       Social classes
       Family size
Market Targeting:
Steps involve in it are;

  1) Evaluate market segments:
     The segments have been selected need to be evaluated properly. For this
     three points are considered that are:

          Segment size and growth: it needs to consider the geographic
           and demographic segments company has selected for introducing
           juice, the size of the segment where the juice is going to be launched
           and its growth.
          Segment structural attractiveness: it involves power of the
           buyers of the juice, suppliers of the juice and its availability in the
           segment
          Company’s objectives and resources: targeting should be
           done in a way so that the company can achieve its targets with the
           resources it have



  2) Selecting segments: the segments selected by the company for
     juice are:
            Undifferentiated
            Niche (concentrated)




Targeting:
 Company will target following customers:

          Kids
          Youth
          Mature
 Youngsters



Marketing mix:
      Product
      Price
      Promotion
      Place

 Product strategy:


    Develop the long term relationship with the customers
    Give values to the customers to delighting them
    Do whatever it takes not to satisfy the customers but retain our customers

       In order to accomplish this objective the company has established sales,
       marketing and support terms

  Product variety:
   Our product would be available in following flavors:

      Mango
      Apple
      Orange
      Grapes
      Mix fruit

 Brand name:
The name which we have chosen for our product is “Refresh”

 Quality:
High quality assurance would be our first priority. This would be ensured by:
 Implementing high quality standards
    Total quality management
    Acquisition of the high quality raw material

 Design:
“Refresh” is a sweet, refreshing juice with an eye catching Tetra pack.

 Features:
Here are some features of our product:

      Fresh original fruit juice
      Provides proteins and minerals
      Provides vitamins
      Beneficial for kidneys
      Excellent in taste
      Give freshness
      Tetra pack protection packing

 Packaging:
 Product units are packed in 6-layerad Tetra Pack Brick Aseptic

 Pricing strategies:
 Our pricing strategies for the product are for total cost which includes customs
services and other expenses. Pricing strategies usually changes as the product
passes through its life cycle. The price should be set at moderate level in order to
attract a large number of buyers and to gain large market share.



Amount in Pak Rupees:

The total per unit price for 250 ml packs that we will offer as follow:

    The cost of fruits                                        Rs.3
    Electricity                                               Rs.2
    Factory overhead                                          Rs.3
   Miscellaneous                                        Rs.2
      Retailer margin                                      Rs.2
      Profit                                               Rs.3
      Total price                                          Rs.15

   In accordance to our strategy we have decided to offer the product to the
customers at the price of Rs.15.The price is very much compatible and the offer is
substantial enough to attract a large percentage of market in very quick time.




 Current Product                          New Product
Current
Market Market Penetration Strategy        Product Development Strategy

New
Market Market             Development Diversification Strategy
       strategy



  According to this grid we are introducing new product in current market so we
follow Product Development Strategy.

Communication strategies:
Promotion:
Actually the promotion is a first step when we are launching a new product but we
make its strategies in last. We want to make a good product image in mind of
customers, so that they will buy only our product.

 Criteria promotion:
a)   Awareness
b)   Knowledge
c)   Liking
d)   Preference
e)   Purchasing




     Main Source Of Promotion:

       I.   Electronic media
      II.   Print media
     III.   Cable network
     IV.    Bill boards
      V.    Hoardings




            Electronic media

            Channels           Time            Duration          Total
            Geo Tv             Prime Time,Post 1 Min             12 15 000
                               Prime Time
AAG Tv            Prime             1Min             1 80 000
                              Time,Early Day
            AAJ Tv            Early Day,Prime   1Min             1 75 000
                              Time
            Hum Tv            Post Prime,Pre-   1Min             2 40 000
                              Prime
            Din Tv            Early             1Min             2 80 000
                              Time,Prime
                              Time
                                                Total            20 90 000




Print media:
News paper Page           Coloured Size          Daily   Weekly       Charges
&magazines                or black               basis   basis
                          and white
Jang           Front      Coloured Standard      Daily                18600
                                    size
Express        Mid        Coloured Standard      Daily                5000
                                    size
Din            Front      Coloured Standard      Daily                15000
                                    size
The Daily Back            Coloured Standard      Daily                17500
Times                               size
Nawa waqt Back            Coloured Standard      Daily                15000
                                    size
Akhbar-e-      Back       Coloured Full size             Weekly       600 000
jahan
                                                         Total        683600


Bill boards:
Location               Size              Duration           Total cost
Jugno Chowk           20*60                 1 month              2 15 000
Jail Road             20*60                 1 month              70 000
Town hall             20*60                 1 month              1 15 000
Club Road             20*60                 1 month              1 50 000
                                            Total                5 50 000


Hoardings:
Location              Size                  Duration             Total cost
Shahi Road            30*90                 1 month              12 00 00
Khanpur Road          30*90                 1 month              10 00 00
City Centre           30*90                 1 month              10 00 00
                                            Total                32 00 00




Cable:
Location                      Time                       Cost
Gulshan-e-usman               6:00to10:00                30000
Gulshan-e-iqbal               4:00to8:00                 10000
Abbasia Town                  12:00to8:00                25000
Church Road                   5:00to11:00                20000
                              Total                      85000


Benefits:
Following are the additional benefits which are offered to the customers to give
them value:

  I.   Give 5 rappers and get one free juice pack
 II.   Purchases ten juice pack and get one pack free
III.   If you purchases a small crate of juice then you will able to participate in
       lucky draw and you can win following prizes:
           1. Samsung FM Guru
2. DVD system
          3. Rs.5000

Places:
Distributors Review:
To assure the availability of its product.”Refresh” juice has established effective
network of registered dealers. The main target of these juice is Rahim Yar Khan.

 The end consumers would then purchases “Refresh” juice from retailer. The
distributor are the most reliable distributors in the region. They enjoy a flawless
reputation combined with business relations with numerous retailers even in the
rural area of the Rahim Yar Khan and near sides. This has ensured that “Refresh”
will be made available all over Rahim Yar Khan.



                                  MANUFACTURER




               CONSUMERS                            DISTRIBUTOR




                       RETAILER              WHOLESELLER




Budgeting:


Sr. No Description                                         Amount
1         Cost of land                                  250,00,000
2         Raw material                                  5,00,0000
3         Stationery                                    50,000
4         Office expenses                               1,00,000
5         Furniture                                     5,00,000
6         Staff salaries                                50,000
7         Freight inward charges                        60,000
8         Repair and maintainance                       150,000
9         Research and development                      90,000
10        Technology                                    10,00,000
11        Marketing media expense                       6,648,630
          Total                                         38,648,630




Controls:
This is the main and last element of the marketing planning by using this we can
check our product standard by comparing it with our standards if there is any
problem arrive in marketing plan then it must be corrected

        Three main function are performed under this element of planning that is:

     1. Measuring
     2. Comparing
     3. Correcting




Measuring:
     We can check our marketing condition through measuring in which different
types of tasks may be performed like:

     Survey
Survey for the future:
      In order to learn weather people would like to buy or use our product, we
      have decided to conduct a market survey in future so that we can assure that
      people likes our product or not.
      Comparing:
      In controlling process we compare our product with our standards
      Correcting:
         If any problem occurs then correcting process will take place in which we
found that from where the problem will arises.

A Marketing Organization:
Refresh’s chief marketing officers,holds overall responsibility for all of the
company’s marketing activities.There are other subordinates with him to help the
sales campaigns,trade and consumer sales promotion,and public relation efforts.

Action programs:
The Refresh will be introduced in may. Following are summaries of the action
program we will use during this summer session to achieve our stated objectives.




Step 1:
      We will initiate 80,00,000 rupees trades sales promotion campaign to educate
dealers and generate excitement for the product lunch and provide sample crate to
our selected product reviews, opinion leaders and celebrities as part of our public
relation strategy

Step 2:
   We will start integrate print/display/television campaign. The campaign will
show how many features the Refresh have for user to reenergize them.

Step 3:
As the juice advertisement continues, we will add consumer sale promotion by
including them to our messages. We will also support or retailer to increase our
sales.

Step 4:
     We plan to roll out a new advertisement having new views of customers
through survey who have used our drink which will help to promote our juice.
CUSTOMER
FEEDBACK
SURVEY
REFRESH JUICE
                                                    FJ Beverages




 We hope you enjoyed the taste of Refresh! To help us better serve you, please complete this survey and
 return it to us at your convenience. Thank you!


                                                               Very      Somewhat      Not
                                                             Important   Important   Important
 Availability
 Discounts offered
 Packaging
 Price
 Juice Range



How many times you take juice daily?
     a) 1
     b) 2
     c) More than 2
     d) None
Which juice you prefer to have?
     a) Loose
     b) Packed
At which brand you rely?
     a) Nestle
     b) Shezan
     c) Refresh
You like juice?
     a) With sugar
     b) Without sugar
What matters you most?
     a) Taste
     b) Quality
     c) Price
How many points will you give to these products out of 10 points
     a) Nestle _____
     b) Shezan _____
     c) Refresh _____
Up to how much price can you pay for a 250ml juice
     a) Rs. I5
     b) Rs. 17
     c) Rs. 18
     d) Rs. 20
Which flavor you like the most?
Ans:
Would you recommend our juice to your friends?
Ans:
Please rate the quality of our product
     a) Excellent
     b) Good
c) Average
Any suggestions:
______________________________________________________________________________________________________
______________________________________________________________________________________________________
______________________________________________________________________________________________________
_____________
Report on launching of new product
Report on launching of new product

More Related Content

What's hot

LAUNCHING NEW PRODUCT & ITS COMMUNICATION CHANNELS
LAUNCHING NEW PRODUCT & ITS COMMUNICATION CHANNELSLAUNCHING NEW PRODUCT & ITS COMMUNICATION CHANNELS
LAUNCHING NEW PRODUCT & ITS COMMUNICATION CHANNELS
Sadman_Sakib
 
Marketing ppt of launching a new product
Marketing ppt of launching a new productMarketing ppt of launching a new product
Marketing ppt of launching a new product
bilal khan
 
report on launching of new product
report on launching of new productreport on launching of new product
report on launching of new product
tinmof
 
Izze energy juice market plan presentation by umair khan bba 3
Izze energy juice market plan presentation by umair khan bba 3Izze energy juice market plan presentation by umair khan bba 3
Izze energy juice market plan presentation by umair khan bba 3
umairbba
 
Marketing new product launch ppt
Marketing new product launch pptMarketing new product launch ppt
Marketing new product launch ppt
bilal khan
 
Launching a new product in market
Launching a new product in marketLaunching a new product in market
Launching a new product in market
113068
 
Lux final presentation group one
Lux final presentation group oneLux final presentation group one
Lux final presentation group one
Divyanshu Mishra
 

What's hot (20)

LAUNCHING NEW PRODUCT & ITS COMMUNICATION CHANNELS
LAUNCHING NEW PRODUCT & ITS COMMUNICATION CHANNELSLAUNCHING NEW PRODUCT & ITS COMMUNICATION CHANNELS
LAUNCHING NEW PRODUCT & ITS COMMUNICATION CHANNELS
 
Marketing Plan of a new product line for bangladesh
Marketing Plan of a new product line for bangladeshMarketing Plan of a new product line for bangladesh
Marketing Plan of a new product line for bangladesh
 
Shan And National Competitor_Our Project on [Aroma Foods]
Shan And National Competitor_Our Project on  [Aroma Foods] Shan And National Competitor_Our Project on  [Aroma Foods]
Shan And National Competitor_Our Project on [Aroma Foods]
 
Marketing ppt of launching a new product
Marketing ppt of launching a new productMarketing ppt of launching a new product
Marketing ppt of launching a new product
 
report on launching of new product
report on launching of new productreport on launching of new product
report on launching of new product
 
Launch a new product Marketing Mix
Launch a new product Marketing MixLaunch a new product Marketing Mix
Launch a new product Marketing Mix
 
Izze energy juice market plan presentation by umair khan bba 3
Izze energy juice market plan presentation by umair khan bba 3Izze energy juice market plan presentation by umair khan bba 3
Izze energy juice market plan presentation by umair khan bba 3
 
Marketing Mix of Nestle Company
Marketing Mix of Nestle Company Marketing Mix of Nestle Company
Marketing Mix of Nestle Company
 
Presantation on New Product Launch
Presantation on New Product LaunchPresantation on New Product Launch
Presantation on New Product Launch
 
principle of marketing "Bara sAft" JUICE project
principle of marketing "Bara sAft"  JUICE projectprinciple of marketing "Bara sAft"  JUICE project
principle of marketing "Bara sAft" JUICE project
 
Case Study on Johnson & Johnson
Case Study on Johnson & JohnsonCase Study on Johnson & Johnson
Case Study on Johnson & Johnson
 
Fruit punch - Launching a New Product - Marketing
Fruit punch - Launching a New Product - MarketingFruit punch - Launching a New Product - Marketing
Fruit punch - Launching a New Product - Marketing
 
Nestle
NestleNestle
Nestle
 
National foods
National foodsNational foods
National foods
 
Introducing a new product in a market.
Introducing a new product in a market.Introducing a new product in a market.
Introducing a new product in a market.
 
Marketing new product launch ppt
Marketing new product launch pptMarketing new product launch ppt
Marketing new product launch ppt
 
Shan foods
Shan foodsShan foods
Shan foods
 
Launching a new product in market
Launching a new product in marketLaunching a new product in market
Launching a new product in market
 
Lux final presentation group one
Lux final presentation group oneLux final presentation group one
Lux final presentation group one
 
New Product Development For Pepsico
New Product Development For PepsicoNew Product Development For Pepsico
New Product Development For Pepsico
 

Viewers also liked

Presentation Product Failure.New Coke
Presentation Product Failure.New CokePresentation Product Failure.New Coke
Presentation Product Failure.New Coke
varun23oct
 
New product development assignment
New product development  assignmentNew product development  assignment
New product development assignment
mizan_01
 
Supply Chain Management at Kwality Walls
Supply Chain Management at Kwality WallsSupply Chain Management at Kwality Walls
Supply Chain Management at Kwality Walls
Himanshu Arora
 
new-product-development-process
new-product-development-processnew-product-development-process
new-product-development-process
arunalapati
 

Viewers also liked (13)

Frankfinn Anamika swot
Frankfinn Anamika swotFrankfinn Anamika swot
Frankfinn Anamika swot
 
BUAD 307 Project: New Product Development
BUAD 307 Project: New Product DevelopmentBUAD 307 Project: New Product Development
BUAD 307 Project: New Product Development
 
Tutti futti Marketing plan
Tutti futti  Marketing plan  Tutti futti  Marketing plan
Tutti futti Marketing plan
 
Presentation Product Failure.New Coke
Presentation Product Failure.New CokePresentation Product Failure.New Coke
Presentation Product Failure.New Coke
 
Market segmentation amul
Market segmentation amulMarket segmentation amul
Market segmentation amul
 
New Product Development Report
New Product Development ReportNew Product Development Report
New Product Development Report
 
New product development assignment
New product development  assignmentNew product development  assignment
New product development assignment
 
Supply Chain Management at Kwality Walls
Supply Chain Management at Kwality WallsSupply Chain Management at Kwality Walls
Supply Chain Management at Kwality Walls
 
Ben & Jerry Ice cream Marketing Presentation
Ben & Jerry Ice cream Marketing Presentation Ben & Jerry Ice cream Marketing Presentation
Ben & Jerry Ice cream Marketing Presentation
 
Segmentation, Targeting, and Positioning
Segmentation, Targeting, and PositioningSegmentation, Targeting, and Positioning
Segmentation, Targeting, and Positioning
 
New product marketing (perfume)
New product marketing (perfume)New product marketing (perfume)
New product marketing (perfume)
 
XII Marketing Project Work
XII Marketing Project WorkXII Marketing Project Work
XII Marketing Project Work
 
new-product-development-process
new-product-development-processnew-product-development-process
new-product-development-process
 

Similar to Report on launching of new product

izzeenergyjuicemarketplanpresentationbyumairkhanbba3-141110010134-conversion-...
izzeenergyjuicemarketplanpresentationbyumairkhanbba3-141110010134-conversion-...izzeenergyjuicemarketplanpresentationbyumairkhanbba3-141110010134-conversion-...
izzeenergyjuicemarketplanpresentationbyumairkhanbba3-141110010134-conversion-...
harsh5907
 
Shezan Marketing Report - Final Project - 2017 - UCP
Shezan Marketing Report - Final Project - 2017 - UCPShezan Marketing Report - Final Project - 2017 - UCP
Shezan Marketing Report - Final Project - 2017 - UCP
FaHaD .H. NooR
 
Marketing plan of k.mania launching new product pep up juice
Marketing plan of  k.mania launching new product pep up juiceMarketing plan of  k.mania launching new product pep up juice
Marketing plan of k.mania launching new product pep up juice
usmanalimanzoor
 
Mitchells finall presentation
Mitchells finall presentationMitchells finall presentation
Mitchells finall presentation
Hamza Aslam
 
A marketing plan of apple sap by reflection
A marketing plan of apple sap by reflectionA marketing plan of apple sap by reflection
A marketing plan of apple sap by reflection
Jagannath university
 

Similar to Report on launching of new product (20)

izzeenergyjuicemarketplanpresentationbyumairkhanbba3-141110010134-conversion-...
izzeenergyjuicemarketplanpresentationbyumairkhanbba3-141110010134-conversion-...izzeenergyjuicemarketplanpresentationbyumairkhanbba3-141110010134-conversion-...
izzeenergyjuicemarketplanpresentationbyumairkhanbba3-141110010134-conversion-...
 
Market plan presentation IZZE ENERGY JUICE by umair khan bba 3
 Market plan presentation IZZE ENERGY JUICE by umair khan bba 3 Market plan presentation IZZE ENERGY JUICE by umair khan bba 3
Market plan presentation IZZE ENERGY JUICE by umair khan bba 3
 
Report on launching of new product rough
Report on launching of new product roughReport on launching of new product rough
Report on launching of new product rough
 
Project ! (1)22 (1)
Project ! (1)22 (1)Project ! (1)22 (1)
Project ! (1)22 (1)
 
Project ! (1)22 (1)
Project ! (1)22 (1)Project ! (1)22 (1)
Project ! (1)22 (1)
 
New Product Launching Project On Al-Halal Company
New Product Launching Project On Al-Halal CompanyNew Product Launching Project On Al-Halal Company
New Product Launching Project On Al-Halal Company
 
Shezan Marketing Report - Final Project - 2017 - UCP
Shezan Marketing Report - Final Project - 2017 - UCPShezan Marketing Report - Final Project - 2017 - UCP
Shezan Marketing Report - Final Project - 2017 - UCP
 
New Product Marketing
New Product MarketingNew Product Marketing
New Product Marketing
 
Develop a project proposal for a new product
Develop a project proposal for a new productDevelop a project proposal for a new product
Develop a project proposal for a new product
 
Marketing plan of k.mania launching new product pep up juice
Marketing plan of  k.mania launching new product pep up juiceMarketing plan of  k.mania launching new product pep up juice
Marketing plan of k.mania launching new product pep up juice
 
SWIFT SUGAR CANE JUICE
SWIFT SUGAR CANE JUICESWIFT SUGAR CANE JUICE
SWIFT SUGAR CANE JUICE
 
Npd
NpdNpd
Npd
 
Buisness plan Cool And Cane
Buisness plan Cool And CaneBuisness plan Cool And Cane
Buisness plan Cool And Cane
 
Mitchells finall presentation
Mitchells finall presentationMitchells finall presentation
Mitchells finall presentation
 
PRAN
PRANPRAN
PRAN
 
Project pepsi
Project pepsiProject pepsi
Project pepsi
 
A marketing plan of apple sap by reflection
A marketing plan of apple sap by reflectionA marketing plan of apple sap by reflection
A marketing plan of apple sap by reflection
 
Business plan of watermelon juice
Business plan of watermelon juiceBusiness plan of watermelon juice
Business plan of watermelon juice
 
Product Launching- Fruit Crush
Product Launching- Fruit CrushProduct Launching- Fruit Crush
Product Launching- Fruit Crush
 
Ritesh final ppt
Ritesh final pptRitesh final ppt
Ritesh final ppt
 

Report on launching of new product

  • 1. REPORT ON LAUNCHING OF NEW PRODUCT REFRESH JUICE
  • 2.
  • 3. National College Of Computer Sciences Topic: Report On Launching Of New Juice Refresh Submitted To: Mem mehvish, Submitted by: Name: Muhammed mehmood. Roll #: B1002 Semester: 2nd Session: 2012-15 Date: 27-09-2012 UNIVERSITY OF SOUTH ASIA Rahim Yar Khan Campus
  • 4. Contents of Marketing Plan Part 1: Dedication Part 2: Acknowledgement Part 3: Executive summary Part 4: Introduction a) Vision statement b) Mission statement c) Company d) Product Part 5: Analysis a) Current market situation b) Objectives c) SWOT analysis d) Market survey e) Marketing strategy f) Basis of segmentation g) Targeting h) Marketing mix Part 6: implementation and control a) Budgeting b) Action programs Part 7: Annexes’ a) Customer feedback survey
  • 5. Respected Sir, I am pleased to submit my report on the launching of new juice “Refresh” to you. I have tried my best to come up to your mark by providing unique ideas and elegant presentation. I am thankful to you for giving me an opportunity to survey, analyze and enhance my knowledge.
  • 6.
  • 7.
  • 8. Acknowledgement: A work is never a work of an individual. I owe a sense of gratitude to the intelligence and co-operation of those people who had been so easy to let me understand what I needed from time to time for completion of this exclusive project. I want to express my special gratitude towards Mr. Abdul Ghafoor lecturer, Marketing Management, for giving us such a unique project. Last but not the least I would like to forward my gratitude to all the people who always endured me and stood by me and without whom I could not have been envisaged the completion of my project.
  • 9. Executive summary: This report explains the marketing plan for launching a fresh juice named Refresh. This product have been made by FJ Beverages and is approved from the Ministry Of Health. In the very beginning of the report I explained the vision and mission statement of the company and I have further carried out. It will be introduced in the market with the help of various promotional displays and advertisement and distribution of the samples to the general public. This report examines that this product is initially launches in Rahim Yar Khan’s domestic market. The study includes both primary and secondary research. The primary study focus on survey of the competitors and the likings and disliking of people. Through this strategy company can penetrate in the market and can attract bulk of customers. For this purpose I have conducted SWOT analysis of the company to see company’s strengths, weaknesses, opportunities and threats. Then I have explained the purposes, benefits, and objectives of the product. Then I have make the marketing mix strategy of my product. I have divided market into different segments and decide to target kids, youngsters, mature and old age persons. I have also paid special attention to the packaging, color, and price of the product, I have decide to place my product in the Rahim Yar Khan market, especially canteens of schools, colleges, and universities. I will promote my product through electronic media, cable, and outdoor sources. I have also conducted customer feedback survey to know the opinion of public about my product. So that I can develop it accordingly.
  • 10. INTRODUCTION TO THE FJ BEVERAGES Company’s vision statement: “Be the leader in the customer value” Company’s mission statement: “To set world class standard in the juice industry through providing a diverse range of high quality juice products that are prepared. In accordance with the Islamic principles striving to satisfy consumers’ tasks and needs and serving the society.” THE FJ BEVERAGES BUSINESS IN RAHIM YAR KHAN: FJ Beverages will commence its business in Rahim Yar Khan from October 2012. The factory facility has been founded on 2o canal area of land in the Industrial Area of the city. The factory is expected to match the demands of the product. Wee have ensured the installation of modern, sophisticated and efficient equipment conforming to the very latest standards of “Goods Manufacturing Practices”.
  • 11. INTRODUCTION TO “REFRESH” People started to perished under the scorching heat of summer in our country. They need an energy drink to refresh themselves. The Refresh is a fresh juice product. It provides energy and keeps fresh when people feel weak or tired from doing work. It contains vitamins and proteins which is a useful energy source. Vitamins give freshness and proteins are the energy cells that recharge the human body, so that they work their maximum. The students, employees and workers become tired due to the workers become tired due to the work burden and sunlight which make them feel loose. They need an enrgy drink that makes them re energize so they may be able to perform better again and feel fresh. Slogan: “The taste you desire” Ingredients are:  Mango, orange, apple and mixed  Sugar  Ascorbic acid  Stabilizer  Preservative  Artificial flavor  Beta carotene
  • 12. Current Market Situation: Refresh is a fresh juice product that is going to be introduced in the domestic market of Rahim Yar Khan. We are focusing to all levels of generation. The kids, youth, old and over all families. The price of the
  • 13.
  • 14. Refresh of moderate, because it is for everyone in the market. Objectives: Following are some of the objectives of the company;  To increase the 25% market share  To increase the length of product line i.e. its five now, we should increase it to 6 or 7 soon.  To increase profits  To face strong competitors i.e. like Shezan and Nestle SWOT Analysis: Strength Weakness Opportunity Threat Strengths:  Updated technology plant  Quality product  Specialists available for specialized jobs and tasks  Hire experienced staff  Medical insurance of employees  Pakistani made  Targeted to low and middle class people
  • 15.  Reasonable price  Expiry date above 6 months Weaknesses:  New in juice industry  Small distribution network  Strong competitor  No market share  Limited experience of customers Opportunities:  Increase the distribution network  Acquiring the newer technology and techniques  Market is very big and attractive  Takeover of the distribution Threats:  Political instability  New entrance from the competitors  So many competitors  Retaining consumers  Economic instability  Increase of general sales tax  Development of plant
  • 16. Our Competitors: The Refresh is currently facing a competitive environment. Because the competitors of Refresh are:  Shezan  Country  Nestle Product review: The Refresh is available in 250ml size and available in different flavours like:  Mango  Orange  Apple  Pineapple  Mix fruit Competitive Review: Refresh Competitor: The competitors of Refresh are more than 5. Nestle and Shezan are leading market right now and other are far away from it. Nestle and Shezan have loyal customers over the years because they are very old and customers are aware of their merits and demerits. The company’s first purpose is to compete with the competitors having large market share. The main competitors are; 
  • 17. SHEZAN Product: All Pure juice is a product by Shezan International Ltd. Qualities:  High quality availability  Large range of flavors  Standardized and attractive packing  Large promotion and market coverage  Available in various weights packing Price: Minimum price of juice is Rs. 15 Place:
  • 18. Shezan has a 35% market share in Pakistan. Promotion: They promote their product through  Electronic media  Print media  FM radio  Sales promotion NESTLE Product: Nestle Fruita Vitals is a product by Nestle International. Quality:  Large promotions and market coverage  Large range of flavors  High availability
  • 19. Price: Minimum price of juice is Rs.20 Promotion: They promote their product through  Electronic media  Print media  Sales promotion Place: Nestle has a 45% market share in Pakistan. Marketing strategy: The marketing strategy is based on positioning of the product in the mind of consumers.  Providing high quality juice to the customers  We will distribute our product on mass level to that we can maximize the profitability Positioning strategies: We want to put an image of our product in the consumers mind as compare to competitor’s product. We want to target the high school, college and graduate students and government sectors that have to work hard and need to “Refresh” them is an instant.
  • 20. Market Segmentation: Refresh will have market segmentation on two basis;  Geographical segmentation  Demographic segmentation Geographical segmentation: The Refresh geographic target area is Rahim Yar Khan. Supplying product to all areas of Rahim Yar Khan, and have further divided the city into five zones.  Zone A: Gulshan-e-usman  Zone B: Gulshan-e-iqbal  Zone C: Church road  Zone D: Shahi road  Zone E: Jinnah Park
  • 21.
  • 22. Demographic segmentation: Demographic segmentation is done on the basis of;  Age  Gender  Income occupation  Education  Lifestyles  Social classes  Family size
  • 23. Market Targeting: Steps involve in it are; 1) Evaluate market segments: The segments have been selected need to be evaluated properly. For this three points are considered that are:  Segment size and growth: it needs to consider the geographic and demographic segments company has selected for introducing juice, the size of the segment where the juice is going to be launched and its growth.  Segment structural attractiveness: it involves power of the buyers of the juice, suppliers of the juice and its availability in the segment  Company’s objectives and resources: targeting should be done in a way so that the company can achieve its targets with the resources it have 2) Selecting segments: the segments selected by the company for juice are:  Undifferentiated  Niche (concentrated) Targeting: Company will target following customers:  Kids  Youth  Mature
  • 24.  Youngsters Marketing mix:  Product  Price  Promotion  Place Product strategy:  Develop the long term relationship with the customers  Give values to the customers to delighting them  Do whatever it takes not to satisfy the customers but retain our customers In order to accomplish this objective the company has established sales, marketing and support terms Product variety: Our product would be available in following flavors:  Mango  Apple  Orange  Grapes  Mix fruit Brand name: The name which we have chosen for our product is “Refresh” Quality: High quality assurance would be our first priority. This would be ensured by:
  • 25.  Implementing high quality standards  Total quality management  Acquisition of the high quality raw material Design: “Refresh” is a sweet, refreshing juice with an eye catching Tetra pack. Features: Here are some features of our product:  Fresh original fruit juice  Provides proteins and minerals  Provides vitamins  Beneficial for kidneys  Excellent in taste  Give freshness  Tetra pack protection packing Packaging: Product units are packed in 6-layerad Tetra Pack Brick Aseptic Pricing strategies: Our pricing strategies for the product are for total cost which includes customs services and other expenses. Pricing strategies usually changes as the product passes through its life cycle. The price should be set at moderate level in order to attract a large number of buyers and to gain large market share. Amount in Pak Rupees: The total per unit price for 250 ml packs that we will offer as follow:  The cost of fruits Rs.3  Electricity Rs.2  Factory overhead Rs.3
  • 26. Miscellaneous Rs.2  Retailer margin Rs.2  Profit Rs.3  Total price Rs.15 In accordance to our strategy we have decided to offer the product to the customers at the price of Rs.15.The price is very much compatible and the offer is substantial enough to attract a large percentage of market in very quick time. Current Product New Product Current Market Market Penetration Strategy Product Development Strategy New Market Market Development Diversification Strategy strategy According to this grid we are introducing new product in current market so we follow Product Development Strategy. Communication strategies: Promotion:
  • 27. Actually the promotion is a first step when we are launching a new product but we make its strategies in last. We want to make a good product image in mind of customers, so that they will buy only our product. Criteria promotion: a) Awareness b) Knowledge c) Liking d) Preference e) Purchasing Main Source Of Promotion: I. Electronic media II. Print media III. Cable network IV. Bill boards V. Hoardings Electronic media Channels Time Duration Total Geo Tv Prime Time,Post 1 Min 12 15 000 Prime Time
  • 28. AAG Tv Prime 1Min 1 80 000 Time,Early Day AAJ Tv Early Day,Prime 1Min 1 75 000 Time Hum Tv Post Prime,Pre- 1Min 2 40 000 Prime Din Tv Early 1Min 2 80 000 Time,Prime Time Total 20 90 000 Print media: News paper Page Coloured Size Daily Weekly Charges &magazines or black basis basis and white Jang Front Coloured Standard Daily 18600 size Express Mid Coloured Standard Daily 5000 size Din Front Coloured Standard Daily 15000 size The Daily Back Coloured Standard Daily 17500 Times size Nawa waqt Back Coloured Standard Daily 15000 size Akhbar-e- Back Coloured Full size Weekly 600 000 jahan Total 683600 Bill boards: Location Size Duration Total cost
  • 29. Jugno Chowk 20*60 1 month 2 15 000 Jail Road 20*60 1 month 70 000 Town hall 20*60 1 month 1 15 000 Club Road 20*60 1 month 1 50 000 Total 5 50 000 Hoardings: Location Size Duration Total cost Shahi Road 30*90 1 month 12 00 00 Khanpur Road 30*90 1 month 10 00 00 City Centre 30*90 1 month 10 00 00 Total 32 00 00 Cable: Location Time Cost Gulshan-e-usman 6:00to10:00 30000 Gulshan-e-iqbal 4:00to8:00 10000 Abbasia Town 12:00to8:00 25000 Church Road 5:00to11:00 20000 Total 85000 Benefits: Following are the additional benefits which are offered to the customers to give them value: I. Give 5 rappers and get one free juice pack II. Purchases ten juice pack and get one pack free III. If you purchases a small crate of juice then you will able to participate in lucky draw and you can win following prizes: 1. Samsung FM Guru
  • 30. 2. DVD system 3. Rs.5000 Places: Distributors Review: To assure the availability of its product.”Refresh” juice has established effective network of registered dealers. The main target of these juice is Rahim Yar Khan. The end consumers would then purchases “Refresh” juice from retailer. The distributor are the most reliable distributors in the region. They enjoy a flawless reputation combined with business relations with numerous retailers even in the rural area of the Rahim Yar Khan and near sides. This has ensured that “Refresh” will be made available all over Rahim Yar Khan. MANUFACTURER CONSUMERS DISTRIBUTOR RETAILER WHOLESELLER Budgeting: Sr. No Description Amount
  • 31. 1 Cost of land 250,00,000 2 Raw material 5,00,0000 3 Stationery 50,000 4 Office expenses 1,00,000 5 Furniture 5,00,000 6 Staff salaries 50,000 7 Freight inward charges 60,000 8 Repair and maintainance 150,000 9 Research and development 90,000 10 Technology 10,00,000 11 Marketing media expense 6,648,630 Total 38,648,630 Controls: This is the main and last element of the marketing planning by using this we can check our product standard by comparing it with our standards if there is any problem arrive in marketing plan then it must be corrected Three main function are performed under this element of planning that is: 1. Measuring 2. Comparing 3. Correcting Measuring: We can check our marketing condition through measuring in which different types of tasks may be performed like: Survey
  • 32. Survey for the future: In order to learn weather people would like to buy or use our product, we have decided to conduct a market survey in future so that we can assure that people likes our product or not. Comparing: In controlling process we compare our product with our standards Correcting: If any problem occurs then correcting process will take place in which we found that from where the problem will arises. A Marketing Organization: Refresh’s chief marketing officers,holds overall responsibility for all of the company’s marketing activities.There are other subordinates with him to help the sales campaigns,trade and consumer sales promotion,and public relation efforts. Action programs: The Refresh will be introduced in may. Following are summaries of the action program we will use during this summer session to achieve our stated objectives. Step 1: We will initiate 80,00,000 rupees trades sales promotion campaign to educate dealers and generate excitement for the product lunch and provide sample crate to our selected product reviews, opinion leaders and celebrities as part of our public relation strategy Step 2: We will start integrate print/display/television campaign. The campaign will show how many features the Refresh have for user to reenergize them. Step 3:
  • 33. As the juice advertisement continues, we will add consumer sale promotion by including them to our messages. We will also support or retailer to increase our sales. Step 4: We plan to roll out a new advertisement having new views of customers through survey who have used our drink which will help to promote our juice.
  • 35. REFRESH JUICE FJ Beverages We hope you enjoyed the taste of Refresh! To help us better serve you, please complete this survey and return it to us at your convenience. Thank you! Very Somewhat Not Important Important Important Availability Discounts offered Packaging Price Juice Range How many times you take juice daily? a) 1 b) 2 c) More than 2 d) None Which juice you prefer to have? a) Loose b) Packed At which brand you rely? a) Nestle b) Shezan c) Refresh You like juice? a) With sugar b) Without sugar What matters you most? a) Taste b) Quality c) Price How many points will you give to these products out of 10 points a) Nestle _____ b) Shezan _____ c) Refresh _____ Up to how much price can you pay for a 250ml juice a) Rs. I5 b) Rs. 17 c) Rs. 18 d) Rs. 20 Which flavor you like the most? Ans: Would you recommend our juice to your friends? Ans: Please rate the quality of our product a) Excellent b) Good