Feasibility Builder 4: Competitor Analysis (Part A) All-Natural Doggie Treats: Competitor Profile Chart All-Natural Doggie Treats Competitor #1 Competitor #2 Competitor #3 Business name All-Natural Doggie Treats Barky Bones1 Mutt Mignon Doggie Donuts Company details (location, # employees, website, etc.) www.allnaturaldog.com www.barkybones.com www.muttmignon.ca www.doggiedonuts.ca Home-based in Winnipeg, MB at 123 Sunshine Terrace. Owner-operated. Location & permanent staff part of future plans. Based in Quebec. Larger company. Based in Windsor, ON Based in Brandon, MB Family-owned business. # of employees - ?? Small manufacturer (visited location to see size). 5-10 employees? Target market Manitoba dog owners who value quality over price. All sizes and ages of dogs. Owners of small and medium adult dogs. Owners of small, medium and large adult dogs, owners of puppies Owners of small, medium dogs. Products sold in Manitoba and Saskatchewan. Products/services Bags of dog treats in variety of flavours. Plan to develop small round pellets for dog trainers. Barky dog food & Barky Bones dog treats Dog treats that are shaped like cats. Dog food, Doggie Donuts treats. Price To be determined (after $35 for a package of 10, fiveounce packages. Lower price, as company likely sells lots of product 18 ounce package is $6 on Amazon. Sears sells pack of three for $40. Mid-range price, but depends on the store. Premium pricing (higher than other treats in pet food stores). considering all product costs) 1 Note that competitor businesses are not real businesses. # of employees - ??? maybe 150+? Session 4 – Participant Manual Strengths All-Natural Doggie Treats Competitor #1 Competitor #2 Competitor #3 All-natural, organic ingredients. Very positive feedback from dog owners who have tried it. Strong brand equity. Available in many grocery stores and department stores. Available in pet food stores. Low ingredients, more protein, less wheat. 10 flavours. Safe for dogs with allergies and/or food sensitivities. Eco-friendly packaging will likely appeal to this market. Likely has big advertising budget, great website. Website has feeding instructions, nutritional info and links to buy product online Funny advertising. Real beef in the treats. Beef has no hormones or antibiotics. Great website with a lot of information for dog owners. Treats come in different textures (crunchy or soft). Company has an “all-natural” version of the product. Less ingredients than Barky Bones Developing some relationships with pet stores. Developing a healthy treat for dog trainers. This is unique in the market. Available in only “select” pet food stores may be attractive to a market willing to pay a higher price. More “exclusive” product. Doggie donuts seem very healthy. No preservatives. 5 flavours. One of the healthiest treats I’ve seen so far! Probably a strong competitor. Locally produced Weaknesses New company. Not established. No brand equity. Very small niche market. Don’t have a large marketing budget. © 2013 SEED Winnipeg Inc. All rights reserved. Many ingredients. Probably wouldn’t appeal to dog owner seeking ultra-healthy treats Walmart online purchase link indicates in-store purchase only. Not locally produced 2 “Eating cats” concept might offend some dog owners who have cats. Not locally produced “Donuts” doesn’t seem to have a healthy message. Would people associate this name with health? Smaller company, probably has a lower advertising budget. Higher priced. Available only in select pet food stores, nationally Session 4 – Participant Manual Any added benefits? (return policies, refunds, guarantees, etc.) ?? To be determined © 2013 SEED Winnipeg Inc. All rights reserved. Can sign up on website for special offers. Can’t find others. 3 Can sign up on website to get coupons by text messaging. ?? Session 4 – Participant Manual All-Natural Doggie Treats Competitor #1 Competitor #2 Competitor #3 How do they reach their customers? Website, LinkedIn to reach business customers, business cards, emails to pet stores with monthly specials, free samples for pet stores Website, Facebook, twitter, YouTube, newsletters, advertise on TV and in magazines for pet owners Website, Facebook, and videos on YouTube. Some advertising in pet magazines. Website, Facebook, and ?? Product/services features High quality, organic, safe for dogs with allergies/food sensitivities Removes plaque on teeth, come in three flavours All-natural ingredients, hormone & antibiotic-free Low ingredients, more protein. Healthy option. Flavour options, no preservatives. Product/service benefits Healthy, safety, energy, keeps fussy dogs happy, safe for the environment. Owner peace of mind. Product designed to increase dental health. Freshens breath. Convenient. Increase dog health. Claim to give dogs more energy. Half the salt of leading brands. Improves dog health and energy. Unique value for their customers High quality treat for dogs that also meets needs of fussy or allergic dogs. Website has a lot of information for dog owners, including puppies, breeds, and a dog age calculator Website also has a lot of information for dog owners, but less than Barky Bones. ?? © 2013 SEED Winnipeg Inc. All rights reserved. 4 Feasibility Builder 4: Competitor Analysis (Part B) All-Natural Doggie Treats: Features/Benefits/UVP Product features & benefits: Features High quality, organic ingredients Benefits Health, increased chance of long life for your dog, doing what’s good for your dog Safe for dogs with allergies or food sensitivities Safety, increased health and energy Available in 10 flavours Options for the fussy dog Sold in biodegradable packages Safe for the environment, low waste Sold online and in pet stores Convenience Session 4 – Participant Manual All-Natural Doggie Treats Unique Value Proposition All-Natural Doggie Treats are… For dog owners in Manitoba seeking high-quality dog treats, who value pet health over price Who are unable to find dog treats that meet their high quality standards and support pet health. All-Natural Doggie Treats creates healthy, delicious, and nutritious dog treats with only high-quality, organic ingredients. That provide nutrition and flavour variety, while meeting the needs of “fussy” dogs or those with special dietary needs Unlike other dog treats on the market, All-Natural Doggie Treats are available in 10 flavours, and are sold in environmentally-friendly packaging. © 2013 SEED Winnipeg Inc. All rights reserved. 6 Feasibility Builder 4: Competitor Analysis (Part A) YOUR BUSINESS Competitor Profile Chart Using the sources most relevant for your business (listed on pp. 5-6), collect research on your direct competitors. As you gather information, fill out the chart. Do a competitor profile for your top 3 direct competitors. If you have several direct competitors, you should profile as many as possible. YOUR Business Business name Company details (location, # employees, website, etc.) Target market Products/services Price Strengths Weaknesses Competitor #1 Competitor #2 Competitor #3 YOUR Business Any added benefits? How do they reach their customers? Product/services features Product/service benefits Unique value for their customers Competitor #1 Competitor #2 Competitor #3 Feasibility Builder 4: Competitor Analysis (Part B) YOUR Business: Features/Benefits/UVP YOUR product / service features & benefits: Features Unique Value Proposition For Who are YOUR business name… That provide Unlike Benefits