Market Analysis Marketing Manager: Dhrumil Shah Description of the Store and Background Information: North Park Secondary School: located at 10 North Park Drive, Brampton, Ontario and opened in 1978 currently a high school. The Commons most of NPSS students spend time before school, afterschool & during their lunches. Commons Corner store: located within NPSS near the cafeteria and the guidance office. NPSS cafeteria and all the classes connect to this area known as the Commons where the store is located Target Market: After crucial research conducted target market of Bubblicious ready-to-go bubble tea = Students of NPSS Catering of the bubble tea to fulfil Physiological needs + Social Needs Marketing Research: Results: Number of Times Bubble Tea Bought During the Winter Number of Times TeatoBought During the Summer Students want a product Bubble quicker Students often have to wait in The Willingness obtain, easy to carry + has toofbethe Students at North Park Secondary drink Possible Amount Paid BySchool The Students for Bubble Tea to Purchase Bubbleline Tea for a preferred Summer: Purchases per person unique/revolutionary Winter: Purchases per person 12 Are The Drinks Obtained From By The Students of North Park Where least three of a NewatProduct Basedtimes on thea week at least once Characteristics two Secondary weeks School? Students: willing + able to pay 16 Wants of the Students 12 $4.50 for bubble tea 14 10 10 88 9 12 1 3 Vending machines in the cafeteria 6 10 6 Number of Students 8 17 Number of Students 6 6 Number of Students 6 4 4 North Park Servery 3 19 23 Trinity Commons Mall 2 2 4 Petro-Canada26gas station Classy Yes No Revolutionary 0 Regular Once a week a week Thrice a week Bramalea Everyday I wouldn't City Centre Once every two 21 Survey concluded: 70% ofTwice the 0 (summer) (summer) (summer) (summer) weeks (summer) purchase it Once a week Twice a week Thrice a week Everyday (winter) Once every two I wouldn't purchase Number of Times Innovative 5 students buy ready-to-go 2 at NPSS (winter) (winter) (winter) weeks (winter) it 9 FoodLand at Howden Plaza Number of Times 15 bubble tea from Bubblicious Easy to carry 3 10 Tim Hortons 0 $1-2 $2-3 19 $4-5 $3-4 Price ($) $5-6 McDonalds $6-7 Quicker to obtain Cheap Potential Competition Huge beverage Industry Equal amount of direct + indirect competition. Direct competition: Vending Direct & machines at NPSS, NPSS Servery Indirect competition: Tim Horton’s, gas station stores Bramalea City and FoodLand @ Howden Plaza. Centre + Indirect competition: Lil’ Caesars Trinity @ Howden Plaza + other popular Commons ready-to-go products = Minute Mall. Made students bring from home. Overcoming The Potential Competition Discovery made: Pricing + location are factors that student body considers, but quality of the product = a huge difference. Example: Wedges @ NPSS Servery = $2.50, but poor quality and less quantity. Wedges @ FoodLand = $3.50 + (good quality) taste good + sufficient quantity. So, higher quality and sufficient amount of quantity eliminate factors cost and location. Thus, Bubblicious ready-to-go bubble tea good quality + enough quantity = genuine reputation + loyalty is created advantage over competitors. Operations: Marketing Plan Dhrumil Shah Product Strategy • Bubblicious bubble tea sold in a bottled readyto-drink format. • Product class: Food Beverage Soft Drinks Functional Drinks. • Many Flavours: Strawberry, lime, honeydew, mango, frozen coffee, lychee and coconut. • Large variety = different customers with unique personalities. • Packaging: Unique, innovative, and appealing • Nutritional Info + health benefits will be an addon. • Public views: Convenient, hassle-free, cool, stimulating, original, healthy and an energizing drink. Price Strategy • Price separates two contradicting businesses (one successful + the other not so much). • $4.50 decided price to sell b/c $3.45 to manufacture • Consumer demand: Amiability of the products, ability to buy the product and the market competition. • Product lifecycle: Newer the product + earlier its stage on the product lifecycle the higher the price it can be sold at = gaining prestige of high standard item • Potential Substitutes: Constraints put on by market competition product differentiation should be considered accordingly Promotion Strategy • • • • • • • Objective: Generate awareness launch of Bubblicious ready-to-go bubble tea NPSS Message: “Bubblicious ready-to-go bubble tea =nutritious, thirst-quenching drink for young + energetic people who care about their body and life.” Advertising: Multicultural community = different viewpoints target IBT kids by posting advertisements on the internet + target athletic people & others spend time outside by promoting Bubblicious bubble tea during special events (Terry Fox Annual Run/Walk). Use of T.V. in Cafe and Commons to target every student in the school. Periodic contests, such as “You Could Win Electronic Supplies and Gadgets Contest”, coupons and discounts to promote Use of Personal selling Stepping up promotion during the weeks prior to summer and during summer as well Place (Product Distribution Strategy): Why?: Particular channels chosen b/c the purchase of How to Make Bubble Tea! The Ultimate Business Starter Kit from www.bubbleteasupply.c om/store Revolutionary bottle chosen and Commons Corner Store = convenient location to manufacture, promote and sell it. Channels of Distribution: 1. Manufacturer (Bubblicious Inc.) Consumer (North Park Secondary School members) 2. Manufacturer (Bubblicious Inc. at North Park Secondary School) Retailer (Bubblicious Inc. franchises in other schools) Consumer (The members of the other schools). Both of the channels: Use of NPSS Commons Corner store as the place of manufacturing and selling Resources: • http://en.wikipedia.org/wiki/North_Park_Secondary_School • http://theoperatives.wikispaces.com/ • http://northparkvikings.ca/classes/scorcia-bbi2ots10/files/2011/05/The-School-Store.pdf • http://www.peel.edu.on.ca/schools/programs.htm#IBT • http://www.canadabusiness.ca/eng/guide/2533/ • http://www.bubbleteasupply.com/index.php?page=why.html# quality • http://www.scribd.com/doc/1251312/Example-of-aMarketing-Plan