The Emmy Awards: 20 - yr Personal Marketing Plan for Champ Jap Paredes
10-Step Plan for GLOWW Skin Care
1. 10 Step Marketing Plan for GLOWW Justine Andrea C. ParedesΙ18 January 2011 Advertisement from: OK! Philippines June 2007
2. 5 StepsPart I: PTM and Positioning Target Market: Working women with skin fatigue NWE: Good health, Beautiful looks, Worry-free lifestyle Choices: Skin whitening and nourishing produts (creams, soaps, injectibles); Dermatology and spa centers Gap: The only product that has a unique proprietary Skin Health and Nutrient (SKHN) Complex Possible Market Size base on Target Population: ~49.3Million
3. 5 StepsPart II: Marketing Mix and Strategy Product: GLOWW Skin Nourishing Capsule Price:PhP 750.00 based on research Promotion: Print Advertisement and internet Place: Distributed by Metro Drug in all Mercury Drug and leading drugstores nationwide Strategy: The only product that has a unique proprietary Skin Health and Nutrient (SKHN) Complex distributed by Metro Drug
5. Part 1: Step 1 of 5 Positioning to the Primary Target Market
6. Primary Target Market Individuals with skin fatigue manifested as dry, rough, dull, pimpled, and wrinkled skin. Demographics: Primarily working women/ housewives Aged 25 and above (primarily 25-45 years old) Belong to social class A to B
7. Primary Target Market Lifestyle Stressed from work or home responsibilities Have poor diet or unhealthy eating patterns(ie. junk food) May have medical conditions Fever Hyperthyroidism Excess glucocorticoid therapy
9. Part 1: Step 2 of 5 Needs, Wants, Expectations of Primary Target Market
10. Needs, Wants, and Expectations Realization of goals Without troubling self with skin problems Look beautiful and admirable Healthy Skin and Good Health
11. Needs, Wants, and Expectations Freud’s Stages of Personality Development Erikson’s Stages of Personality Development Being physically close to someone without being embarrassed of own skin. Fulfilling one’s work without worrying about stress and its effects on one’s skin.
12. Needs, Wants, and Expectations Wants: Safety of use Efficacy of product Desired effect on skin Expectations: Value for money Addresses skin problems and prevents its recurrence
13. Part 1: Step 3 of 5 Direct and Indirect Competitors
14. Competitors Leading players in Philippines skincare market: Sara Lee Corporation Unilever Splash Corporation SOURCE: http://www.reportlinker.com/p0115326/Skincare-in-the-Philippines-to.html
15. Direct Competitors Other skin nourishing products Glutathione Skin nourishing creams (e.g. By NORISH) Skin nourishing soaps Injectibles Supplements (anti-aging ie. NutriGoji capsules) Vitamins (e.g. Myra E)
16. Indirect Competitors Dermatologists (Clinics and own products) Spa centers (e.g. The Spa) Beauty products and manufacturers (ie. Olay, Dove, Ponds) Gym and/or exercise
17. Variables Age Lifestyle Perceived quality Treatment effect and side effects Frequency and convenience of use Product contents Price Packaging Availability and Accessibility
18. Competitive Position Map 2 Most Critical Variables: Price Perceived Quality Data not available from Print Ad.
19. Part 1: Step 4 of 5 Gap between Customer and Competitors
20. GLOWW’s Competitive Advantage Gloww is the first complete skin nourishing formula that fights skin fatigue. It contains a unique proprietary Skin Health and Nutrient (SKHN) Complex licensed by Mega Lifesciences, Australia.
22. Market Size Data not available from Print Ad. Based on Research: Philippine population = 88,574,614 in August 2007; 94.01 million (estimated) in 2010 (National Statistics Office). Women = 46.7 million (estimated) in 2010 (National Statistics Coordination Board, 2010). Working women = 49.3 million (NSO, Oct 2009). Possible Skincare Market Size (in target pop’n) = ~49.3 Million SOURCE: http://www.nscb.gov.ph/factsheet/pdf10/Women_Men_March2010.pdf
65. Generic Winning Strategy Glowwis the first complete skin nourishing formula that fights skin fatigue. It contains a unique proprietary Skin Health and Nutrient (SKHN) Complex. It is distributed by Metro Drug in all leading drugstores nationwide.
67. 5 StepsPart I: PTM and Positioning Target Market: Working women with skin fatigue NWE: Good health, Beautiful looks, Worry-free lifestyle Choices: Skin whitening and nourishing produts (creams, soaps, injectibles); Dermatology and spa centers Gap: The only product that has a unique proprietary Skin Health and Nutrient (SKHN) Complex Possible Market Size base on Target Population: ~49.3Million
68. 5 StepsPart II: Marketing Mix and Strategy Product: GLOWW Skin Nourishing Capsule Price:PhP750.00 based on research Promotion: Print Advertisement and internet Place: Distributed by Metro Drug in all Mercury Drug and leading drugstores nationwide Strategy: The only product that has a unique proprietary Skin Health and Nutrient (SKHN) Complex distributed by Metro Drug
69. 10 Step Marketing Plan for GLOWW Justine Andrea C. ParedesΙ18 January 2011 Advertisement from: OK! Philippines June 2007