HelloFresh Marketing Plan 1. Executive Summary Brief Description HelloFresh is an international publicly traded meal-kit company based in Berlin, Germany. It is the largest meal-kit provider in the United States, and also has operations in Canada, Western Europe, New Zealand and Australia. We aim to provide each and every household in 12 markets with the opportunity to enjoy wholesome, home-made meals with no preparing, no shopping and no hassle. Between busy work schedule and life, some people haven’t had time to go to the grocery store. With the importance of healthy living on the rise, many are turning to home food delivery services to fix their dinner challenges. One service, HelloFresh, is redefining the way we eat. Our purpose is to provide a hassle-free way to enjoy home-cooked meals that give customers the experience of cooking but the convenience of to-go. Target Market Market Segmentation Depending on the general basis of HelloFresh targets, the target market can be divided into two approaches which are geographic segmentation and psychographic segmentation. Geographic segmentation targets consumers based on a predefined geographic border and psychographic segmentation targets consumers depending on the intrinsic traits that consumer possesses. On the geographical segmentation, HelloFresh has businesses in popular countries which includes U.S, Canada, Australia, Germany, Netherlands and Germany. The consumers varieties are varied depending on the country the business is located in. On the psychographic segmentation, the company has provided types of preferred meals, sizes, recipes and dates for consumers and consumers can decide depending on their lifestyle, interests and preferences. This study source was downloaded by 100000804443494 from CourseHero.com on 10-22-2023 04:11:48 GMT -05:00 https://www.coursehero.com/file/68031940/Hello-Freshdocx/ Customer Profiling Depending on the target market profile of geographical customer segment, the company offers depending on the cultural influences from the customers. Cultural influences have great impact on the food and the company is fully aware of that. From the social influential perspective, HelloFresh focuses mainly on healthy lifestyle as most people are coming for the healthy diet plans and focuses on the trend of using technology for the services. For the personal influences, HelloFresh offers plans for students who are on the university days and do not have enough time and money for diets. The target customer base is generally between the age of 30 and 50. These people enjoy a busy lifestyle and 80 percent of the customers are women. Competitor Analysis HelloFresh is not the only ready-to-cook meal service in town. In fact, it has some strong competition from Blue Apron. Both services utilize a similar meal delivery model, providing fresh, raw ingredients and easy recipes for up to a week's worth of dinners. HelloFresh and Blue Apron are very close in price. In addition, they both offer vegetarian options designed just for vegetarian subscribers. Like HelloFresh, Blue Apron publishes its weekly menus for subscribers to preview online. The comparison between HelloFresh and other competitors is shown in the table below: DoorDash HelloFresh Blue Apron Cornershop FarmDrop HelloFresh is a food subscription company DoorDash is a technology Blue Apron is a Cornershop is a Farmdrop provides a that sends pre- company that provides grocery delivery company platform for people to portioned ingredients to on-demand delivery company focused on buy groceries from users’ doorstep. developing a service connecting providing customers grocery local producers online. customers with local with pre-measured delivery app. businesses. ingredients and recipes to prepare meals at home. Founding 2011 2013 2012 2015 2012 Date Type Public Private Public Subsidiary Private Locations United States United States United States Mexico United Kingdom Canada Canada United Kingdom Australia This study source was downloaded by 100000804443494 from CourseHero.com on 10-22-2023 04:11:48 GMT -05:00 https://www.coursehero.com/file/68031940/Hello-Freshdocx/ United States Germany Puerto Rico Switzerland Netherlands Australia Denmark Luxembourg Employees New Zealand 4,276 8,446 3,938 N/A 89 Positioning Statement HelloFresh positions itself as a comfortable, time- and food saving, healthier alternative to supermarkets. As well as an inspirational source for healthy, balanced, yum, varying recipes. The core business sends illustrated recipes, with the exact fresh ingredients needed to cook them, to our customers’ homes every week. We source our ingredients from trusted, sustainable suppliers as locally as possible and by accurately forecasting customer numbers we only order the amount of ingredients we need to fulfil their orders. Combined with only sending exactly what our customers need to cook their meal, we are able to prevent considerable food waste in both the supply chain and in homes. 2. Marketing Mix Product HelloFresh generally delivers high-quality ingredients sourced straight from the farm packed in the package which includes easy-to-follow recipes with clear nutritional info to the customer’s doorstep on the selected days. The meals are delivered in an insulated Styrofoam cooler box with ice packs for refrigerating ingredients and meat and fish are packaged in vacuum sealed bags. The appearance and quality of the HelloFresh products are in high-standard level and all the package that the customers received has the recycling option which makes the brand in a standardized way. In your box, you'll receive : Step by step, photographed recipe cards This study source was downloaded by 100000804443494 from CourseHero.com on 10-22-2023 04:11:48 GMT -05:00 https://www.coursehero.com/file/68031940/Hello-Freshdocx/ An insulated cool bag with ice packs containing all your meat and dairy products Individual, numbered meal kits containing portioned out ingredients. We test each recipe 45 times to ensure deliciousness and simplicity. Our recipes change per week. Browse over 2500 delicious and quick recipes developed by our expert chefs and guaranteed to please every meat-lover, veg-head, cool kid, and busy parent. Plan your perfect menu, fresh ingredients delivered to your door, cook delicious dinners. You can skip or cancel any time. Price Plans and Prices We offer 3 types of plan. Classic Plan from $8.99 / serving. + $9.99 Shipping Family Plan from $7.49 / serving. + $9.99 Shipping Veggie Plan from $8.99 / serving. + $9.99 Shipping Classic Plan Classic Plan gives you the choice of 10 recipes each week with a fantastic offering of traditional favorites, new cuisine adventures plus Gourmet and Dinner to Lunch meal options. This plan is perfect for those looking to shake up their dinner routine. This study source was downloaded by 100000804443494 from CourseHero.com on 10-22-2023 04:11:48 GMT -05:00 https://www.coursehero.com/file/68031940/Hello-Freshdocx/ Family Plan Family Plan is designed specifically for families with young kids. The meals are balanced and wholesome, with family friendly flavors for the young ones and optional ingredients for the more adventurous. This plan is a true crowdpleaser! Veggie Plan Veggie Plan is perfect for those looking to be inspired by creative, wholesome and balanced vegetarian meals. Enjoy a delicious variety of recipes that take advantage of the best seasonal produce, in a range of dishes from tagines to tacos. Subscription Options and Prices HelloFresh offers six subscription plans: Meat & Veggies, Veggie, Family Friendly, Low Calorie, Quick & Easy, and Pescatarian. Subscribers can select between two and six meals per week for either two or four people, and they have the option of pre-selecting which meals they will receive. Menus are published weekly and can be previewed online. Weekly Order 2 people x 2 meals 2 people x 3 meals 2 people x 4 meals 4 people x 2 meals 4 people x 3 meals 4 people x 4 meals Price Per Serving $10.99 $8.99 $8.99 $8.99 $7.49 $7.49 Total (with Delivery) $50.95 $60.93 $78.91 $78.91 $96.87 $126.83 Promotion HelloFresh has provided promo codes for customers to enjoy discounts. Every first box order has promo code. Every month offers discounts. This study source was downloaded by 100000804443494 from CourseHero.com on 10-22-2023 04:11:48 GMT -05:00 https://www.coursehero.com/file/68031940/Hello-Freshdocx/ Discounts on clearance items. Discounts on selected items. $4 off for $60. $3 off for $35. Offer free shipping discounts. These promo codes attract new and regular customers as part of the marketing plan. Place As the HelloFresh is an online delivery service company, it does not have store locations or physical places for customers to buy products. As a food delivery business, the efficiency of its logistics and materials handing operations play key roles in every location that the company is offering services. HelloFresh is moving beyond the doorstep. The food delivery service has announced plans to begin selling its meal kits in 581 Giant Food and Stop & Shop stores around the country. The company basically acts as a retailer which is only selling products through the internet and not through other channels. Process For creating the product, HelloFresh collects all the raw ingredients directly from the farms and packages them in high quality packaging styles. It then delivers to customers with refrigerated boxes that can be fixed in the refrigerator and customers can consume the delicious meal that includes fresh ingredients with great recipes. The process of this service can mostly satisfy the customers and as the moment of truth, only the price factors can make the customers move to the other competitors. 3. Suppliers HelloFresh provide customers with fresh, high-quality ingredients while purchasing from local suppliers. We source our produce from some of the finest purveyors in the country - here are a few we’re particularly proud to work with : This study source was downloaded by 100000804443494 from CourseHero.com on 10-22-2023 04:11:48 GMT -05:00 https://www.coursehero.com/file/68031940/Hello-Freshdocx/ Roza's Gourmet Roza’s Gourmet is a Brisbane based, family run business that lovingly creates an extensive range of gourmet sauces and dips. Our range of gluten free dips and sauces is available in Melbourne, Sydney, Brisbane and Australia wide. Moo Premium Foods As a proudly Australian family owned company, Moo Premium Foods are passionate about letting their dedication to quality shine through in our delicious range of dairy products. Meredith Dairy Meredith Dairy is an on-farm family run enterprise, milking sheep and goats year-round to make specialty cheeses and yoghurts. HelloFresh loves working with these Australian brands who have artisan production methods and environmental sustainability at the core of their business. 4. Advertising Plans HelloFresh deployed the Tableau platform to centralize global performance reporting, saving 10-20 man hours per day and providing regional sales and marketing teams with real-time data for nimble decision making. As a result, the HelloFresh marketing team can react to trends in customer behavior and optimize marketing campaigns on-the-fly, leading to better conversion rates and improved customer loyalty. HelloFresh regularly carries out online marketing campaigns in all regional markets—including text or banner advertising on various publisher websites—to convey its messages and attract new customers to its website. The marketing team also analyzes click behavior from both prospects and existing customers on the HelloFresh website to identify opportunities to improve conversion rates. The HelloFresh marketing team segment target groups and present them with relevant advertising and landing pages. This also affects how content is presented on the HelloFresh website. 5. Objectives and Goals Mission Statement This study source was downloaded by 100000804443494 from CourseHero.com on 10-22-2023 04:11:48 GMT -05:00 https://www.coursehero.com/file/68031940/Hello-Freshdocx/ HelloFresh is the leading global provider of fresh food at home. HelloFresh aims to provide each and every household in its 9 markets with the opportunity to enjoy wholesome home-cooked meals with no planning, no shopping and no hassle required. Vision Statement HelloFresh vision is nothing less than to establish a wholly new and massive category on the grocery market. We want to give every household the opportunity to enjoy home-cooked meals without the hassle associated with it. Values Clean & Organic Fresh & Nutritious Convenient Stable Supply Trusted & Evident Attractive In addition, we will continue to support local communities and charities through our food donation programs. Our aim is to reduce packaging across our supply chain and in our recipe boxes as much as possible whilst balancing the need to maintain freshness and prevent food waste. SWOT Analysis This study source was downloaded by 100000804443494 from CourseHero.com on 10-22-2023 04:11:48 GMT -05:00 https://www.coursehero.com/file/68031940/Hello-Freshdocx/ Strength Weakness fresh & regional food adapt to new technology healthy & fast high transportation cost step-by-step recipes created on a weekly competitors can offer similar products base flexible subscription revolutionary Supply Chain Opportunity development of distribution relationships affiliate relations with related vendors focus on specific target market to be more specific and get new customers quickly limited flexibility in prices Threat changes in regulations can impact the business increase in price inputs can upward pricing new restaurants opening up other meal-kit delivery companies as competitors climate change affecting agricultural production This study source was downloaded by 100000804443494 from CourseHero.com on 10-22-2023 04:11:48 GMT -05:00 https://www.coursehero.com/file/68031940/Hello-Freshdocx/ Powered by TCPDF (www.tcpdf.org)