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Marketing
Plan for
Launching a
New Product
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TABLE OF CONTENTS
Acknowledgement_________________________ 02
Executive Summary________________________ 03
Introduction of product______________________04
Current Marketing Situation__________________05
Objectives and Issues_______________________ 06
Marketing Strategy_________________________ 09
Action Program____________________________12
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ACKNOWLEDGEMENT
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EXECUTIVE SUMMARY
After1950 tea was first introduced in Pakistan at very low level it was
used for few people who was regarded to be sick as a remedy. Another
for low level of usages of tea was poor, then with the improvement of
economic condition and improvement in social status the people of
executive class started to use tea to take refreshment and after
burdensome routine of life.
Then after 1980 when socio economic position was improving and open
attraction with other foreign country the tea was considered to be a
habit of life. This habit along with the other luxuries of life gives a room
to produce a variety of tea and to meet this market need. Companies
started launch tea with different flavors for executives who were the
mostly user of tea.
But to current need and change in customer taste. we now launch Green
Lemon Tea. In the future to meet the expected change in consumer taste
and the enhancement in competitors of flavor tea we will in a specified
future time that will be specified according to our future strategy.
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INTRODUCTION OF PRODUCT
Salient Features
HOTTEA has combined the tangy taste of lemon and the benefits of ginseng
with our pure green tea to create a drink full of clean, all natural taste and
vitality.
It’s a tea for the exotic seeking tea Drinker Green Lemon tea, natural
lemon flavor
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Current Marketing Situation
Current marketing situation is very tight and tough, there are about ten competitors
in the market for our product, and we have to compete with them
Green Lemon tea is present in very competitive environment.
a) Broke Bond
b) Tapal Dan-e-Dar
c) Gul Bahar Green Tea
d) Supreme Tea
e) Lipton
f) Tately
Substitute Competitors
a) Kiawah
b) Coffee
c) Open Tea
Market analysis
In this section asking the question after checked the taste of green lemon tea.
The below response shows that majority of people rate Green lemon tea and
Supreme as No. 1 brand.
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Income Level Effect on Tea
Response Respondent Percentage
Less than 6000 13 14.44%
6000 to 15,000 41 45.55%
16,000 and above 36 40%
Total 90 100%
This response shows that most of people that belong to high income level prefer
GREEN LEMON TEA. Other brands are preferred by low income people
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PRODUCT POSITIONING
To get good position in the customer mind we will use many positioning strategies.
1. We will promote distinct feature of a product
2. We will launch positioning strategy (more for more)
We charge affordable price and give high quality to get a good position in the
customer mind this will lead to a great promotion to our product. We will be
quality provider as are target customer wants quality instead of quantity. Instead of
this one we will also offer the following.
Important
Affordable
Superior
Distinctive Taste
Disposable Packaging
1. Product:
The product is consist on tea plant product with its great taste conscious
Smell and having International health standard. It is found in different
Packing as well as:
Packing Size
i) 500 grams
ii) 200 grams
iii) 100 grams
iv) 40 grams
Emotional
Good and Attractive Taste
Easily Available in the Market
2. Price
The prices of Green Lemon Tea vary according to the size of packing. Where the
competitors pricing strategy is some how low.
The prices of GREEN LEMON TEA vary according to the size of packing which
are given as:
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S. No Packing Weight Retail
i) Family Pack 500 grams 220.00
ii) Medium Pack 200 grams 59.50
iii) Small Pack 100 grams 40.00
iv) Sachet Pack 40 grams 18.00
3. Distribution
The distribution channels are light and heavy vehicles. The company
distribution channel includes:
i) Agents
ii) Retailers
i) Agents:
Company has its agents for the “Green Lemon Tea” and for other products in
everywhere. They sold the company’s product for the sake of their commission.
ii) Retailers:
Shopkeepers are called retailers. They bought the company product from
agent/whole sellers and sell them.
5. Promotion:
It includes the following elements:
Advertising
Sales Promotion
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Advertising
Advertising is main factor to familiar the people with certain product. We inform
the people that what kind of the product is available in market and on what price,
for what purpose. In other words advertising mentally prepared the people to go
out and buy the product. Advertising has included various media suppose
(including newspaper, radio, TV and magazines that carry ads).
Marketing strategy
In this plan we will focus where our product will stand, what is our target market
TARGET MARKET
The target market of “Green Lemon Tea” includes all segments of the society.
Demographically the target market is very variable.
From the income point of view our target market is as follow:
1) Upper Class
2) Middle Class
Launch strategy:
We will launch our product in October. Because that is the best time to launch our
product
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SEGMENTATION
We make the segment of our market on the basis of following need, characteristic,
behavior, requirements, and market mix.
Geographic segmentation
Psychographic segmentation
Demographic segmentation
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ACTION PROGRAM
As we have planned that we have divided whole market into segments we will
produce according to needs of customers, so we have launched number of
distributors, retailers, agents, so that our product can get maximum access to
market, and consumers can get easily in the market.
In first phase we will launch small amount of tea products, then we will make
analysis that how our product is satisfying the needs of customers, what are things
to require changing.
We have set reasonable price of product so our sales managers will check whether
the price is reasonable for each segments, every managers would report to final
authority about sales of product, then we will decide quantity of products.
We will initially launch our product in Karachi, Lahore and Rawalpindi. We will
provide our product to wholesalers and retailers through the distributors and
through our own agents in these cities, after this we will expand our product range
to the whole country.
Acting upon our marketing strategy we will give different size packages to
different group of peoples so that we can satisfied our customers Our marketing
department will regulate all the plan and also responsible for the success of the
plan.
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Green Lemon
Tea has
combined the
tangy taste of
lemon and the
benefits of
ginseng with our
pure green tea to
create a drink
full of clean, all
natural taste and
vitality.
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Contact number: Web address:
Office: 111-544-544 http://www.hottea.com.pk
The End
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