assignment marketing

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MKT 420 MARKETING CONCEPT FOR SIMPLYSITI: EAU DE PARFUME it used to be my secret, now it's yours.

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Transcript of assignment marketing

Page 1: assignment marketing

MKT 420 MARKETING CONCEPT

FOR SIMPLYSITI: EAU DE PARFUME

it used to be my secret, now it's yours.

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EXECUTIVE SUMMARY

• Founded on early 2010 by famous singer Dato’ Siti Nurhaliza

• A global research medical aesthetics company• Produces a line of SimplySiti skin care and

make-up products• SimplySiti products are tested through human

testimonials

it used to be my secret, now it's yours.

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CURRENT MARKETING SITUATION

• SimplySiti lipstick range has become the most item being sold by the company

• In 2012, SimplySiti has come out with a new product to compete in the market that is Eau de Parfume

• Over 85 percent consumers in Malaysia use perfume in their daily life.

• Competition: Avon and The Body Shop has gain their own followers and cover more than 30 percent of the market share

it used to be my secret, now it's yours.

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MARKET DESCRIPTION

it used to be my secret, now it's yours.

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TARGET MARKET

• Targeted to bring more customers from the middle class level

• Professionals (consumer market)• Students (consumer market)

it used to be my secret, now it's yours.

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MARKET SEGMENTATION

• DEMOGRAPHIC• Age: 15 – 40 years old• Social class: Middle class level• Gender: Men and women

• PHYCHOGRAPHIC SEGMENTATION• The information about the customers that are

related to our business is mostly a true fan of Dato’ Siti Nurhaliza.

it used to be my secret, now it's yours.

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COMPETITIVE REVIEW

• ADIDAS : FIZZY ENERGY• Price: RM59.00• Features : – can be used by women only– a sparkling floral – 30 ml

it used to be my secret, now it's yours.

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• BODY SHOP: NEROLI JASMIN• Price: RM69.00• Features: – an Oriental Floral fragrance for women– 30 ml

it used to be my secret, now it's yours.

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• AVON: DIAMOND• Price: RM85.00• Features: – Eau de Perfume spray for woman.– 30 ml

it used to be my secret, now it's yours.

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STRENGTHS AND WEAKNESSES

• Strengths - Suitable for men and women- Value pricing

• Weaknesses- Lack of brand awareness.

it used to be my secret, now it's yours.

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OPPORTUNITIES AND THREAT ANALYSIS

• Opportunities - Increase demand- To increase brand awareness

• Threats - Competition

it used to be my secret, now it's yours.

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MARKETING STRATEGIES

• Product and Service Strategy• Price Strategy• Promotion Strategy• Place (Distribution)

it used to be my secret, now it's yours.

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PRODUCT AND SERVICE STRATEGY

• Focus on few aspects:• Product: The perfume(Pure, Precious,

Memoire)• Quality: Made in France • Design: Same level with the high quality

product• Brand Name: SimplySiti itself has developed

into a well-known brand

it used to be my secret, now it's yours.

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it used to be my secret, now it's yours.

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PRICING STRATEGY

• Fixed price of RM69.90• Affordable to the targeted customer

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PROMOTION STRATEGY

• Advertising : Create a story concept to introduce it range of perfume

• Sales Promotion: Road show

• Public Relations: Promoting indirectly with the production company

it used to be my secret, now it's yours.

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it used to be my secret, now it's yours.

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it used to be my secret, now it's yours.

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PLACE OF DISTRIBUTION

• Supermarket: Tesco and Jaya Jusco• Pharmacies: Watson and Guardian• Channel One SimplySiti Eau de Perfume Customers• Channel TwoSimplySiti Eau de Perfume Others

Customers

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it used to be my secret, now it's yours.

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THANK YOU

it used to be my secret, now it's yours.