Green Products Cosmetics and Toiletries: The Marketing Strategy of Thai Herbal Products Ms.Siriraks KHAWCHAIMAAHA BBA (Thammasat University), 1978 HA (Thammasat University), 1979 MBA (Thammasat University), 1986 CPA Thailand February 14, 2003 IGSM, Faculty of Business and Management, UniSA Green Products Cosmetics and Toiletries: The Marketing Strategy of Thai Herbal Products 1. Green Products Cosmetics and Toiletries: A Global Perspective on Attributes and Marketing Strategies for the Thai Industry 2. Green Products: The Marketing Model of Natural Extract Based Cosmetics and Toiletries in Thailand 3. Green Products: The Marketing Model for Thai Herbal Cosmetics and Toiletries February 14, 2003 IGSM, Faculty of Business and Management, UniSA Paper 1: Green Products Cosmetics and Toiletries: A Global Perspective on Attributes and Marketing Strategies for the Thai Industry The study of cosmetics and toiletries (C&T) global marketing and green marketing strategies compares to the C&T MNCs Green product attributes in general Customer profiles and attitudes relating to C&T products Research Methodology : Qualitative Method of secondary data Outcome : The Generic Marketing Model of C&T February 14, 2003 IGSM, Faculty of Business and Management, UniSA Paper 2: Green Products: The Marketing Model of Natural Extract Based Cosmetics and Toiletries in Thailand The study of the Marketing Model for Natural Extract based C&T compared to the MNCs in Thailand and the essential components of marketing strategies and their prioritization. The key success factors of green products will also be investigated. Lastly, the study of the importance of personal selling skills and techniques in acquiring and maintaining customers The comparative study of marketing model discussed in paper 1 with the marketing model of paper 2 the Gap Analysis is beneficial to paper 3 The experiences and successes of the marketing model of local Thai C&T companies Research Methodology: Qualitative method: in-depth interview Outcome: suggested “ The Marketing Model for Natural Extract Based C&T in Thailand” Gap and Model is further developed and explored in paper 3 February 14, 2003 IGSM, Faculty of Business and Management, UniSA Paper 3: Green Products: The Marketing Model for Thai Herbal Cosmetics and Toiletries Personal interviews of the Policy Makers, marketing team and sales team. Essential components and prioritization of findings. Examination of selling skills and techniques in beauty care industry Thai herbal quality, efficacy and product performance. Government promotional policies, such as tax incentives, tax privileges Comparative study of the marketing model of paper 2 with the marketing model of paper 3. Analysis and recommendation of the Thai herbal marketing model Research methodology: Qualitative method : in-depth interview Outcome: recommend “The Marketing Model for Thai Herbal C&T” Benefit : The value added to Thai herbal plants and development of additional strategies and processes for commercialization. In addition, the local C&T industry would be able to develop ways to compete with global brands February 14, 2003 IGSM, Faculty of Business and Management, UniSA Business Model and Marketing Mix : Thai Herbal Cosmetics and Toiletries Products Government Tools Tax privilege, Incentive or Exemption along the value chain Country of Origin Made in Thailand Thailand BEST Distribution Channel Beauty Salon and Spa Brand Builder Advertising & Promotion Competitive Price Point Brand Builder Advertising and Promotion Specialist Magazine Brand Builder Core Service Value Education: Business, Product Packaging and Label Natural packaging material, Transparent or White or Milky translucent Core Product Value Quality GMP, Hypoallergenic, Dermatologist Company Newsletter Franchising NGO In Store Value-Added: Skin care, Face care, Body care MLM, Direct Sales Mass Market Corporate Environmental Green Marketing, Ecology Green Label Environmental Healthcare: Food Nature is the Best Medicine Biodegradability, Ecology, Environmentally-Friendly Innovation Brand February 14, 2003Natural, Herbal and IGSM,Organic Faculty of Business and Enhance Management, UniSA Performance, Efficacy Cosmeceutical Brand Loyalty Green Products: The Marketing Model for Thai Herbal Cosmetics and Toiletries Product Thai herbal extract, Organic natural Quality Service: Face & body care With personal selling Price Value for Money Distribution Channel Marketing Model Thai Herbal C&T Quality, Innovative, Product Performance Franchise, Institute, Beauty Salon Organic and Green Branding Promotion Healthy, Safety, Naturally In Store, Corporate, Environment Environmental Green & Healthy Economizing Corporate Awareness February 14, 2003 Environmental and Green Philosophy, Policy IGSM, Faculty of Business and Management, UniSA Comparative Study The Body Shop – MNCs and International Brand Secondary Data In-Depth Interview – Local Thai Marketing Manager The Oriental Princess – MNCs and Local Brand Secondary Sata In-Depth Interview Green Marketing Mix and Strategy ; Local & Internationalize February 14, 2003 IGSM, Faculty of Business and Management, UniSA Summary of Green Product Attributes Basic Attributes 1. Product fragrance 2. Water base, Oil Free 3. Product color 4. Product Texture 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. Product Performance Safe for All Skin Types Good Value for Money Packaging Design Packaging Color Brand Image Corporate Image, Name Country Image, Name Opportunity for Pre-Test Outlet Atmospheres Point of Sales Materials Country of Origin Thailand Brand Name February 14, 2003 Green Attributes 1. Natural Extract Ingredient 2. Thai Herbal Extract 3. Product Performance of Natural Extract 4. Non-tested on Animals 5. Green Product Label 6. Safety Factor 7. Environmentally Friendly 8. Reduce Resource use of Product 9. Green Packaging IGSM, Faculty of Business and Management, UniSA Economic Attributes 1. Help Farmers 2. Improve Country Economy 3. Low cost of Raw Materials 4. Good Value for Money 5. Necessity to Purchase Products Summary of Customer’s Attitude on Green Products Products 1. Credible ( safe, made of Natural Extracts, Environmentally Friendly) 2. Natural Coloration 3. Good performance: Anti aging, Whitening, Acne, Blemish Performance, etc. 4. Wide Ranges of Products 5. Attractive Appearance 6. Satisfactory Fragrance February 14, 2003 Packaging 1. Environmentally Friendly 2. Made of Recycle Materials 3. Many Sizes with Family Size Price 1. 2. Expensive Good Value for Money Quality Atmospheres 1. Beautiful, Attractive, and Tidy Decoration 2. Relaxing, Friendly Atmosphere 3. Outlet Size 4. Outlet Availability 5. Expert Beauty Advisors IGSM, Faculty of Business and Management, UniSA Promotion 1. Discount for refilling products 2. Member cards 3. Corporate Environment Practice Summary of Green Marketing Strategy Products 1. Natural Extract Ingredients 2. Natural Coloration 3. Recycle-Reuse-Refill and Reduce Bottle Environmental 1. Recycled paper 2. Energy saving 3. Water economizing Price Good Value for the Money 1. Outlet 1. Environmental Atmosphere Promotion 1. Activity with NGO 2. Activity with school February 14, 2003 IGSM, Faculty of Business and Management, UniSA Corporate Awareness 1. Recycled paper 2. Products made from recycled plastics 3. Energy saving 4. Environmentally sound refrigerator 5. Water economizing 6. Low energy air-conditioning 7. Without CFCschlorofluorocarbons 8. Environmentally sound detergent February 14, 2003 IGSM, Faculty of Business and Management, UniSA