Researching Male Grooming Products Background: The male grooming industry is big – with estimates between $5 billion and $8 billion in annual sales, and it’s still growing! Some large companies that are already active in this market include: Unilever, Proctor & Gamble, Estee Lauder, and Nivea. Your firm’s client, G&G Cosmetics, is looking to capitalize in this market and they want to enter the male grooming industry by starting a new line of products for the “modern guy”. Currently G&G Cosmetics makes cosmetics and personal grooming products for young women of different ethnic backgrounds. The company’s competitively priced products are sold in general merchandise stores (Target, Wal-Mart). To grow, it must expand to other markets. Objective: Your objective is to conduct a marketing research study surveying the target market for the new product category. Your team is required to provide G&G Cosmetics with a customer analysis and recommendations for marketing the new product category to the intended target market. Secondary Research: Using the internet as a resource, research the men’s personal grooming industry. Use the provided spreadsheet to illustrate each of the companies’ product lines. Complete the spreadsheet with a list, broken down by category, of all of the available products for each company and how much the products are sold for. (You can use websites like Target or Wal-Mart to find this information) Dove Men+Care Axe Old Spice Suave Professionals Men Gillette Primary Research: Now that you have gathered some important primary information about a variety of companies, you will need to determine what your target market is looking for in a product. Develop a survey that will help you determine important factors about your new product line. In addition, be sure to include questions about price and quality as well as Marketing Co-Op: Marketing Research Project product selection (Use Chapter 29.2 Notes and the textbook to help create strong survey). Your team is required to create at least 15 questions. You will create your survey through the website survey monkey; you can reach the website at this URL: www.surveymonkey.com. This website is easy to use, but you will have to create an account using an e-mail address. Remember your log in information because you will have to sign in later to see your results. You must survey at least 40 people within your target market. Your surveys will be posted on my website for easy access. Once your surveying is complete, you will log in to your account, click on your survey and then click on “analyze results”. Here website screenshots help you understand. Click on your survey Click on Analyze Results Finally, you will see a screen that tells you how many people you surveyed and the results for each question. Use the print screen key for each results segment. Gather these images and put them together into a Power Point presentation. You will turn in this Power Point in as evidence that you completed the survey segment of the assignment. Marketing Co-Op: Marketing Research Project Presentation: Now that you have completed both primary and secondary research, your group is going to create a well thought-out and creatively designed Power Point presentation for G&G Cosmetics. This is essentially your sales pitch you will explain what you learned from your survey and what products you recommend they produce, based on your findings. You must come up with at least 5 new products for the company. In addition to product recommendations, your team must advise G&G on how they should price their new products for consumer purchase and where they should be sold. Grading Rubric Points available Secondary Research (spreadsheet) 40 Primary Research (Survey on SurveyMonkey.com) 40 Power Point of results 40 Presentation Power Point Each team member is required to dress professionally on presentation day 40 Overall thoughtfulness and creativity of presentation 40 Total Marketing Co-Op: Marketing Research Project 200 Points scored