PRETZEL-CHOW The Plan. THE PRODUCT Pretzel Chow will be selling our quality pretzels Our innovative spice combination gives the pretzels a never before.

Slides:



Advertisements
Similar presentations
Place (Distribution).
Advertisements

Acquire foundational knowledge of marketing-information management to understand its nature and scope Marketing Indicator 1.05.
Marketing mix THE TIMES 100.
Chapter 28 Promotion and Place Name 12 SAM.
SETTING YOUR TARGET MARKET. Setting the Target Market The target market for a product is the type of person you are hoping to attract to buy your product.
Product and Services Strategy
Producing and Marketing Goods and Services
Promotional Mix Marketing Mix: Product Price Promotion Place
Product and Brand Management. What is a product? A product is any offering by a company to a market that serves to satisfy customer needs and wants. It.
Introduction to Sports Marketing. Marketing What is Marketing? – The process of developing, promoting, and distributing products and services to satisfy.
MITCHELL’S FFA MARKETING PLAN FOR SHORTY’S MEAT LOCKER By: Kaelyn Dammann Bailey Magstadt Katelin Theunissen.
Tite Aromas Tatiana Caterniuc LOGO:. Product Description  I am selling hair ties that have a beautiful scent when you put them on. There are different.
The Role and Impact of Marketing
Unit Eight Global Marketing. Unit 8 Vocabulary Consumer Market International Marketing Marketing Environment Marketing Plan Marketing Process Organizational.
Chapter Eight Product and Branding Strategy
Product and Services Strategy
Product and Services Strategy
Chapter 12 Creating and Pricing Products. Learning Objectives  Identify factors that affect a target market.  Identify steps to create new products.
Business Plans Marketing
Marketing. Marketing is… … the strategy of bringing consumers and products together… …from product development to product delivery.
Food Truck Business Plan.
Business Name (Logo) Team Name Names of Team Members Adopted for Created by.
3.01 Fashion Marketing.
Marketing My Business By Cheyenne McMIllin. La Bella Vita.
IDENTIFY AND MEET A MARKET NEED
SPORTS AND ENTERTAINMENT MARKETING
IDENTIFY AND MEET A MARKET NEED
Promotion. Objectives: Promotion strategy options Define promotion and its role in marketing.
Marketing.
Principles of Business & Finance
2011 KFC CaribLA Marketing Calendar Marketing Strategy: Drive transactions during weekday lunch and snack occasions among adventurous young adults who.
Marketing and Distribution
OBEA 2004 The Marketing Mix. Product Price What are the pricing objectives? How much should we charge? Product What product(s) should we sell? How should.
Marketing. Ch. 1: Marketing is all around us  Marketing  Planning and executing the conception, pricing, promotion, and distribution of ideas, goods,
IDENTIFY AND MEET A MARKET NEED
Entrepreneurship Opportunities
Marketing in Today’s World Learning Objectives: Identify the four elements that make up the marketing mix Define the life cycle of a product Discuss the.
Chapter 9 The Role and Functions of Marketing. Product Life Cycle (Fads and Seasonal look different)
Product Planning.  Product Planning  Decisions about the features and services of the product  Ideas that will help sell the product  Packaging /
 What is Marketing? –  The process of developing, promoting, and distributing products and services to satisfy customers’ needs and wants.
7 Key Functions of Marketing Product Service Management Marketing Information Management SellingDistributionPromotionPricingFinancing.
Factors that Contribute to the Selection of Products/Services in Small Business.
Marketing Information Management Marketing Research.
Marketing. What is Marketing? In your own words, describe what marketing is.
Presented by: Anh Nguyen, Hien Phan, Renee Leaman.
Competitive Advantages Part II BMI3C. Review… What are some of the ways that products can gain advantage over one another?
1 Chapter 8 Product and Services Strategy. 2 What is a Product? Product A Product is anything that can be offered to a market for attention, acquisition,
Market Research The Purpose of Market Research is to help you, the entrepreneur, change yourself from thinking about what you want to thinking about what.
By: B. A., M. R., M. Z., and S. N.. * Executive summary * Product conception * Domestic forces * International forces * SWOT analysis * Sample questions.
Marketing Definition of Marketing (it’s not just selling) Marketing is… … the strategy of bringing consumers and products together… …from product development.
Marketing Management Proposed Outline. Learning Objectives.
Sports and Entertainment Marketing I Explain the basic concepts of marketing.
 As you may recall, a product is a good or service for sale in a market. For example, we buy products when we get our haircut or buy food.
Marketing 301. Kisses For Health by: The Kiss  HERSHEY’S History  Company Description  Strategic Planning & Focus  Goals  SWOT Analysis  Competitors.
Marketing Management.  According to Phillip Kotler marketing management is the process of planning & executing the pricing, promotion & distribution.
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.
Salman Ahmed Qurraishi.  Advertising mean “to Communicate”  Advertising is defined as any “paid-for method of promotion”. Advertising is the main form.
1 PROMOTIONAL MIX PROMOTION LAP 1. 2 PROMOTION u Communication activities that inform potential consumers about the existence of goods, services, or ideas.
Marketing Mix. The marketing mix The marketing mix is also known as the 4Ps: Product Price Place Promotion.
Marketing is the process of planning and executing the pricing, promotion and distribution of ideas, goods, and services to create exchanges between buyers.
BRINGING IT ALL TOGETHER MAVERICK CHALLENGE © 2011 Enterprise Columbus. All rights reserved.
Marketing Foundations What is Marketing? What is the goal of Marketing?
Marketing Foundations What is Marketing? What is the goal of Marketing?
Sports and Entertainment Marketing
State Test Prep 1st semester
2. Customers Created by: Dr. Janet Ratliff & Ms. Jenna Johnson.
by Agnes Choi Sarah Rostek Sonja Blau
Product, Services, and Branding Strategy
Entrepreneurship Week 14 the complete Business Plan
Unit 1 – Strategies Used in the Sports and Entertainment Industry
Presentation transcript:

PRETZEL-CHOW The Plan

THE PRODUCT Pretzel Chow will be selling our quality pretzels Our innovative spice combination gives the pretzels a never before tasted favor in the snacks industry We can protect the product by keeping the recipe a secret from other businesses

The Message  Pretzel Chow's innovative recipe for pretzels gives them a distinct flavor.  The spices that we apply to our product creates a revolutionary flavor to the ordinary pretzel

THE INDUSTRY Pretzel-Chow is a food distribution industry. Food distribution A current food distribution trend is that people are looking for healthier foods for a low cost This industry has always been a large industry and that it will always be one

THE MARKET Pretzel-Chow began when my Grandma made these pretzels for a family gatherings. Then my mom began making them for me and my friends when we hung out. Once the Maverick Challenge started, our group had a great idea to use these pretzels for our competition. We will focus our sales for the people living in urban areas. Pretzel-Chow's plan for the future is to become a national distributor through the United States.

THE TARGETED CUSTOMERS Pretzel-Chow's target consumer are those who like to go to parties and family outings. This product has a handy container to make it easily transportable to parties. The people that generally like to not spend a lot of money for parties. This product is cheap and gives a quality taste. CUSTOMER DEMOGRAPHICS Customers like food Customers like to party Like a cheap, affordable party container of pretzels They would like to spend $6.50-$10 on our product We have already begun sales, and have made profits We are also getting a square credit card reader to make it more convenient for out customers wanting to use a credit card

TARGET MARKET STRATEGY We will make the Pretzel-Chow brand well-known by going to local grocery stores to give out free samples We will go to public events such as town festivals to sell our product, and at the same time making our business well known We will sell our products in Dottie's Bulk Food Store to begin bringing in capital. We also plan to sell the pretzels at our school’s OASIS concession stand for sports activities and school functions IT'S CHOW TIME

TARGET MARKET SALES APPROACH We will advertise on WRBI, our local radio station, so that Pretzel-Chow will be become known locally. We will also be at local festivals to sell our product. While we make money, we will become more well known at the same time.

TARGET MARKET DESCRIPTIONS Local MarketsCommuting workers and tourists Commercial Events Descriptions Families that go to parties and live close to a grocery store People wanting a snack while driving People needing a snack at town festivals and Carnivals Demographic s Consumers at all ages/ make $40,000-$60,000 a year Commuting workers that want a snack between meals Hungry Workers and Festival attendees Buying Behavior Frequent, but small purchases ($9-$12) units sold ($9-$12 per unit) Size 10,000-20,000 Consumers4,000-5,000 Consumers Consumers Projected Sales $20,000$2,000$5,000 Trends Slow GrowthRapid GrowthMedium Growth

COMPETITIVE ANALYSIS We have a special spice on our pretzels, giving a never before seen flavor They already have the reputation that we lack. They are also a national business Snyder's We have the cheap price, and the transportable container They have a wide variety of flavors, we only have a few Doritos We have a healthier snack. Our product is cheaper They have a major distribution advantage Rold Gold

THE MARKETING SCHEDULE Newspaper and radio advertising Facebook Sports Events Billboards

THE LOCATION Pretzel-Chow will be located in the Batesville area. Traffic in the area is low. It is very easy to commute to desired locations.

THE LEGAL STRUCTURE Austin Hornberger with have majority in the equity in Pretzel-Chow. This plan will not let investor take control of Pretzel-Chow Austin Hornberger 51% Josh Stenger 49% (equity due to change if investors needed)

Management Team  All work will be done by Austin Hornberger. He will make the pretzels.  All sales and money management with be done by Josh Stenger.  Korey Padgett mentored us for this project.

THE CORE SCORES We will measure by our sales growth from year to year We will measure our growth by the number of stores that sell Pretzel-Chow's products We will also monitor the number of buckets sold

The Money Forecast  $300/mo. For rent  $700-1,500 for counter space(if needed)  $400 in baking supplies  It costs $4.62 to make it  We expect to charge $9.99 for every gallon  This more than a 100% profit

Current Sales Xtra Spicy 30% Spicy 36%

Sales Projection 1 st year total = $7,453 2 nd year total = $14,906 3 rd year total = $44,718