He-Sheets Business Plan Taylor Dale (201202686) Morgan Clark (201105395) Dylan Frank Fraser White (201103398) Bronson Maschmeyer (201202793)

Slides:



Advertisements
Similar presentations
UNIT C The Business of Fashion
Advertisements

M. Wispandono - FE Unijoyo 2010/11 What is a market?  A market is a group of potential customers with the authority and the ability to purchase a particular.
THE MARKETING MIX Product Place Price Promotion
Strategic Marketing for Your Business
5 P’s.
Fashion Merchandising A
© 2004 The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.
BTEC Business Level 3 Unit 3 Assignment 3 P5,.
PowerPoint Presentation by Charlie Cook Copyright © 2005 Prentice Hall, Inc. All rights reserved. Chapter 10 Understanding Marketing Processes and Consumer.
Marketing Strategy Process Market/ customer analysis Market segmentation Market targeting Marketing Mix Market positioning.
Marketing Indicator 1.02 – Employ marketing information to develop a marketing plan.
3.01 Fashion Marketing.
Marketing Mix GCSE Business Studies. Marketing Marketing is the management process responsible for identifying, anticipating and satisfying customer requirements.
Introduction to Marketing. Marketing: the 5Ps The on-going process of planning and executing the: (1) the product (2) the pricing (3) the promotion (4)
Marketing in Today’s World
Marketing in Today’s World
13 Chapter Marketing in Today’s World pp
Market segmentation and targeting
The Main Idea To sell. The Main Idea To sell The Basics of Marketing To market a product successfully,
4.4 Select target marketing appropriate for product/business to obtain the best return on marketing investment.
Marketing Indicator 1.04 – Employ marketing information to develop a marketing plan.
PowerPoint Presentation by Charlie Cook Copyright © 2005 Prentice Hall, Inc. All rights reserved. Chapter 10 Understanding Marketing Processes and Consumer.
Chapter 13 Marketing in Today’s World
© Prentice Hall, 2004 Business In Action 2eChapter Developing Product and Pricing Strategies.
Chapter 12 1 Understanding the Customer Prepared by Norm Althouse University of Calgary Prepared by Norm Althouse University of Calgary Copyright © 2011.
The Marketing Concept Marketing Mix. What is “The Marketing Concept”? Satisfy customers’ needs and wants Make a profit.
 Fundamentals of Marketing Chapter 1 Sec. 3.   Market – all potential customers who have the ability and willingness to buy All of the people who share.
© 2011 South-Western | Cengage Learning Global Marketing and Consumer Behavior Marketing Around the World The Marketing Mix and the Marketing.
© SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS LESSON16-1 GOALS  Describe the nature of markets.  Identify trends that influence global marketing opportunities.
Back to Table of Contents pp Chapter 13 Marketing in Today’s World.
© Prentice Hall, 2005Excellence in Business, Revised Edition Chapter Fundamentals of Marketing, Customers, and Strategic Marketing Planning.
Advertising and Sales Promotion ©2013 Cengage Learning. All Rights Reserved. Chapter 3.
Marketing Apparel Products Apparel Development 2 Objective 4.01.
Chapter 1.2 & 1.3 Review. Economic Utility Assembling parts to build an engine is adding value through (Not directly related to marketing) Form utility.
Marketing Mix Four P’s Product Placement (Distribution) Price Promotion.
Marketing In Today’s World Freshman Seminar - Introduction to Business Dr. Hays Freshman Seminar - Introduction to Business Dr. Hays.
What’s Marketing? Oxford Dictionary: Market : A place at which trade is conducted. Marketing: The action of buying or selling in a market.
Chapter 13 Marketing in Today’s World pp
Sunrise Deli Food Truck
Chapter 1.3 Fundamentals of Marketing. Market and Market Identification All products do not appeal to all customers. When making new products, marketers.
THE WORLD OF MARKETING.  Learn how to conduct a SWOT analysis.  List the three key areas of an internal company analysis.  Identify the factors in.
Marketing & Advertisement By: Sara Spurlin. Market Segments Demographics Race Gender Age Target Incomes Psychographics Family Status Geographics 50 miles.
Market Segmentation and Target Marketing. Marketers rarely go after the entire market with one product, brand, or service. Why?
Chapter 2 Fashion & Marketing Chapter 2.1 Fashion Marketing Basics.
The Role of IMC in the Marketing Process Chapter 2
 A company has to understand what people want to buy and why they want to buy it.  It comes down to knowing your market ◦ Market—a group of customers.
Lesson 2 – Market Segmentation and Marketing Mix.
CHAPTER 13 MARKETING in TODAY’S WORLD The Basics of Marketing Market A market is a group of customers who share common wants and needs, and who have.
Target Market - Review What is a market? ◦ People who share similar needs and wants and have the ability to purchase a given product are a market What.
The Marketing Concept Implementing the Marketing Strategy.
Marketing September 16, Notes - Marketing Mix Marketing Mix Activity.
The Marketing Mix. 4.2 Marketing Applications The Marketing Mix: Consists of variables controlled by marketing professionals in an effort to satisfy the.
For The People.
Standard 2 Fashion Marketing. Student will understand the basics of fashion marketing. Objective 1: Define Marketing Terms Objective 2: Describe the 4.
Marketing in Today's World Unit 4, Chapter 13 Page
1 MARKETING ENT What is Marketing? Marketing Activities directing the flow of goods and services from producer to consumer or user. Marketing consists.
Industry Analysis You must identify:  Sales potential of your product  Your competition.
Marketing Foundations What is Marketing? What is the goal of Marketing?
Chapter 2 IMC Role in Marketing. Chapter 2 : IMC Role in Marketing Chapter Objectives To understand the marketing process and the role of advertising.
Marketing 1 Indicator 1.04 – Employ marketing information to develop a marketing plan.
UNIT C The Business of Fashion
UNIT C The Business of Fashion
Marketing in Today’s World
Chapter 19 Pricing Strategies.
Marketing.
Chapter 13 Marketing: Helping Buyers Buy
Marketing Information
Ch. 13 Marketing in Today’s World
Chapter 13 Marketing in Today’s World
Presentation transcript:

He-Sheets Business Plan Taylor Dale ( ) Morgan Clark ( ) Dylan Frank Fraser White ( ) Bronson Maschmeyer ( )

Product Overview He-Sheets Cotton bed sheets – Appealing to men Flannel bed sheets – Appealing to women He-Sheets offers innovative half cotton, half flannel bed sheets Solves temperature distribution issue Provides couples with best sleep possible

Target Market

Market Segmentation Geographic Canadian Population = 35,628,571 Hopes for North American expansion Demographic Couples years of age Psychographics Middle Class (Average Income) households Behavioral Purchasing Trends?

Broader Environment Future demand looks promising – Long term security Canadian population – Expected to increase at a consistent rate of 0.9% from 2010 to 2060

Marketing Mix - Place ● Indirect Marketing Channel – Out source manufacturing – Higher Production levels – Lower Variable cost per unit ● Wal-Mart, Bed Bath & Beyond, Target – Selective Distribution Approach

Marketing Mix - Price Market Penetration Approach Cost: – Cover Costs Competition – Average Market price of King/Queen bed sheets = $50-60 Value – High Quality

Marketing Mix - Product ● “Shopping Item” ● A He-Sheets package includes: – One fitted bed cover – Custom bed sheets – Two pillow cases ● Large Variety of colors to chose from ● Clear, compact plastic packaging ● Easy to store and open

Marketing Mix - Promotion ● New Product – High emphasis on Advertising and Promotion ● Ellen Degenerous – New market opportunities ● Customer Promotion – Coupon Discount ● Buy one, get 50% off your next purchase ● Trade Promotion – Strong business relationships – Advertising Exchange

Conclusion