COUNTRY NOTEBOOK TURKEY Scott Claxton Craig Jarrell Brittany Murray Overview • Cultural Analysis • Economic Analysis • Market Audit & Competitive Market Analysis • Strategic Marketing Plan • Storyboard • Questions Cultural Analysis • A Day In A Life Of A Turkey Native • Typical traditional household • Men are the head of the household • Women are kept inside the home • Umt Yazici (12 years-old and lives in Istanbul with both parents) • Average day starts at 7am and ends at 10pm • Attends school from 8:25am to 3:00pm • Geography • Language • http://www.timeforkids.com/de stination/turkey/native-lingo Typical Breakfast White or Rye bread, cheese (similar to feta), old cheese (kaşar peyniri), black and/or green olives (zeytin), butter, honey, jam, an omlette or boiled eggs (yumurta), sliced tomatoes and/or cucumbers. Economic Analysis Population • Estimated to be 74,749, • • • • • 461 Growth Rate 1.18% Ages 25-54 make up 42.5% 70% Turkish, 18% Kurdish, 12% Minority Urban population 70% Major Cities:Istanbul, Ankara, Izmir, Bursa, and Adana Economy • GDP 2012: $1.125 trillion • GDP per capita: $15,000 • Growth Rate 2012: 3% • Unemployment rate: 9% • Inflation Rate: 9% • 16.9% below poverty line • Labor Force: 27.11 million Economic Analysis Transportation & Communication • Airports: 98 – Ranks 61st • Railways: 8,699 km – Ranks • • • • • 23rd Roadways: 352,046 km – Ranks 19th Merchant Marine: 629 – Ranks 18th Multiple television and radio stations Cell Phones in use: 65.322 million Internet Users: 36 million Resources & Industry • Main Industries • Agriculture: 8.9% • Industrial: 28.1% • Services: 63% • Numerous natural resources, several include: coal, iron ore, copper, gold, limestone, marble, arable land, and hydropower Market Audit & Competitive Market Analysis • Product • Egreen: an organic energy drink • Relative Advantage: 100% organic energy drink • Compatibility: Meets the needs of health conscious consumers • Complexity: Battling the concept of traditional energy drinks being unhealthy • Trialability: Free samples and special offers, also test market through Istanbul • Observability: Turkish consumers will be able to understand that we offer a healthy alternative to energy. The Market • $50 million energy drink market as of 2010 • Average of 30 to 40 percent growth each year • The plan is to market to Istanbul, Turkey in the startup and use this as a test market for further development • Istanbul is the largest city in Turkey • Forms of transportation and communication available in that region • Manufacturing plant and distribution center in place on the Northwest side of Istanbul Competitors • Red Bull – 60% market share • Coca Cola’s Burn – 2nd in the market • Shark – 3rd • Over 40 domestic energy drinks Marketing Plan (Egreen Energy) • All Organic ingredient based energy drink • Ingredients include: Organic Ginko Biloba, Organic Gurana, Organic Ginseng, Organic Raw Coffee Seed, Organic Raw Sugar, Organic Fruit Jucies, and Natural Spring Water. • Will come in 16oz can • Can will be bright colors with a glow in the dark logo • Packaging and can are made from 100% recycled material Situation Analysis Marketing Plan Start Up • Year 1 price $2.50 (Turkish Lira 4.50) • Year 2 price $3.00 (Turkish Lira 5.40) • Year 3 price $3.50 Turkish Lira 6.30) • Price increased based on sales • May change due to consumer spending, economic situation or unexpected environmental factors Marketing plan Target Market Costs • Mature health • Retail cost will be higher conscious consumers • Athletes, gym goers, bodybuilders and a more upscale type of consumer • Health conscience and higher income consumers • Ages 20 - 50 than average energy drinks • Cost about $3.50 per can (Turkish Lira 6.30) • Sold to retailers at $2.00 (Turkish Lira 3.60) • Large retailers if bought in bulk $1.50 per unit (Turkish Lira 2.70) Distribution • Company trucks with logo on side • As company grows 3rd party logistic company • Convenient stores • Wholesalers • Gyms, health clubs etc. • Vending machine distribution Marketing Plan (Advertising) • Will be the most costly • First years price will be expense during start up • Target market – Health conscious people and an upscale consumer • Places presence Health clubs, golf courses, airports and gyms • Product will be sold on a three year balloon price rise the lowest • Will use celebrities to promote product • Product placement (in movies) • Sponsor public events • A saturation of television commercials, radio ads , print ads and billboards • Athlete sponsors Egreen’s First Commerical (Storyboard) Video • Image of large factory Audio • Other energy drinks are made here Storyboard Video • Scientist mixing toxic ingredients Audio • With other brands you don’t know what your putting in your body Storyboard Video • Fly by shot over a crop Audio • Egreen only uses all natural organic ingredients Storyboard Video • Rainbow is visible over the crop Audio • Egreen only uses what the earth provides whereas others use labs and scientists Storyboard Video Audio • Still shot of Egreen glow in the dark can • “Egreen Get your Glow ON” EGreen Print Ad Get Your Glow On Egreen COUNTRY NOTEBOOK TURKEY Questions?