In: Accounting
EverGlad Bodycare was recently co-founded by two
Australian siblings who share a passion for
protecting our planet and being ethical consumers.
Ann and Oliver Jones, while pursuing their vocational education,
realised that people the world over
desire products that are not only good for them but also for the
Earth. They wanted to create a line of
skin and hair care products that used all-natural and organic
ingredients and were cruelty-free and
ethically sourced.
The brother-sister duo spent months reaching out to local producers
to understand which ingredients
could be locally sourced with ease. After much experimentation with
the various ingredients, they locked
in their formulae for five product lines: shampoo & conditioner
bars; hair masks; soap bars; body oils and
body scrubs. As Ann and Oliver want to use only the best and safest
natural ingredients, they realise that
their prices will be high initially, at least until they started
manufacturing on a much larger scale. Currently,
they expect to just sell in their home state of South
Australia.
As they have no prior business or marketing experience, they
approach you to be their marketing
consultant.
Create a perceptual map for EverGlad Bodycare. Apart
from showing its positioning, use external
research to plot two other actual companies on the same perceptual
map. Include a short write up
to explain your logic. (approx. 100 words)
Solution:
EverGlad Bodycare was recently co-founded by two Australian
siblings who share a passion for protecting our planet and being
ethical consumers. Ann and Oliver Jones while pursuing their
vocational education realised that people the world over desire
products that are not only good for them but also for the Earth.
They wanted to create a line of skin and hair care products that
used all-natural and organic ingredients and were cruelty-free and
ethically sourced. The brother-sister duo spent months reaching out
to local producers to understand which ingredients could be locally
sourced with ease. After much experimentation with the various
ingredients, they locked in their formulae for five product lines:
shampoo & conditioner bars; hair masks; soap bars; body oils
and body scrubs. As Ann and Oliver want to use only the best and
safest natural ingredients, they realise that their prices will be
high initially, at least until they started manufacturing on a much
larger scale. Currently,
they expect to just sell in their home state of South Australia. As
they have no prior business or marketing experience
To promote their products
shampoo & conditioner bars
hair masks
soap bars
body oils
body scrubs
as they have used organic and skin healthy ingredients in their
products.
As a marketing consultant, I suggest and give a complete report
based on my research on market and competitors and consumer usage,
on their product. below are the few points considered for prepare
and produce the complete report on their products the complete
market analysis.
Marketing Consultant:
A marketing consultant is an outside advisor of the company, who
works for the companies to create and implement the strategies of
marketing.
A consultant helps to create a detailed marketing plan to determine
a business's marketing messages and identify the appropriate
marketing mix for getting the message out to the target market.
Most of the consultants are also involved in implementing the
marketing strategy.
Supplying the specialized skills and expertise that where the company lacks, provide an external viewpoints to the internal challenges, prompt new perspectives on the customers (or) marketing strategies, allow a business or company to focus on the product development and on complete operations
Researches on marketing trends and data. Providing expert
information regarding on the promotions and branding and media
channels and other key information to get success. Guides on the
implementation of the marketing strategies for the companies
products and services.
Do complete market research independently on markets, demographics,
trends, sales results, and other data related to the companies
products
Do a complete analysis and prepare a report on competitor
offerings, including specifications and market share, pricing, and
promotion.
Creating a detailed report with thorough research on market and
findings, analysis to inform the management of marketing strategies
and providing written documents and verbal presentations for each
finding to the management.
1. doing complete research on the products and demographical
information
2. finding of the competitors and market leaders of those
products
3. researching the brands which are available in the market
(different brands and their producers
4. GDP and consumption of those products in the market
5. Value and Volume analysis
6. research on the different and average price of those
products
7. Distribution channels of those products
8. SWOT analysis etc.
based on the above finding and research the marketing consultant will give and provide a complete and detailed report on those products to the management. and at the same time explain the detailed strategies and how to approach in the market etc. give suggestions to the management.