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Published byJohnathan Gilbert Modified over 8 years ago
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Spiritual Herb Distributors Nate Ciolek, Rachael Crosta, Kyle Cunningham, Ralph Hancock
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Our Business Model Based in Massachusetts No storefront Delivery service Will deliver anywhere in Massachusetts Unique selling point-We will match any competitor price over a ¼ oz. Need to pay a fee if getting under $10 worth of product
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Qualifying Leads People who can afford our products People who are interested in cannabis in general-What type are they looking for? (smoking, edibles, applicables)
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Gatekeepers Doctors- Will they approve medicinal marijuana over prescription drugs?
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Decision Makers Politician-s- local, state, and national
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Buyers Looking for a non-addictive treatment for pain Looking for a non-addictive escape from reality
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Financial Buyer Not as interested in cannabis Convince them about saving versus taking prescription drugs
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Technical Buyer Offering a variety of options
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User buyer How the consumption of weed makes them feel i.e. Children with epilepsy
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Executive Buyer Stress the pros of the consumption of cannabis
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Methods of Buying Analysis Conservative- Buy when needed to avoid binging Speculative- Offering a bulk option Tender- Buy seeds from us instead of a dispensary “grow-it-yourself” Contract- For equipment and utilities Inspection- Check for quality standards Sample- Free samples for customers to try Description- How we will promote our products on our social media
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Types of Buying Concentrated- Loyal customer base Diversified- Has no preference, will go to competitors as long as price is around the same amount Reciprocal- Provide cannabis butter for restaurants in the future, donate/sell unused hemp
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Fear, Urgency, & Doubt Analysis Is cannabis better than traditional medical treatment methods? Smoking not good for breathing in Could eat too much for edibles Worried about THC-“High state” Bad smell
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Benefits, Advantages, & Features Analysis Health benefits for those with severe illnesses- cancer, cystic fibrosis, seizures Health benefits in general No hangover, can’t overdose, zero death rate, non addictive Boost in creativity Medicinal marijuana cost vs Prescription drug cost
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SWOT Analysis Strength-We will match any competitor price over a quarter ounce Weaknesse-Little work experience compared to competitors Opportunity-Only 15 companies in the field right now Threats-Potential threat of franchises, selling of other drugs
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PESTEL Analysis Political-The country is still divided on the topic Economy- In Colorado alone, the profit was $53 million and projected to increase in the future Social-Social divide with supporters and opposers Technology-Innovation of THC products have been increasing i.e. chewables, lotion, spray Environment-Environmentally friendly compared to other drugs Legal-After fees and procedures, this will be legal
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Marketing Mix Product-Cannabis, tangible- plants, edibles, topical treatments Price- Base it off our competitors 515 Broadway $5-15/gram A Will to Live $250-$300/oz. Yankee Caregivers $300-$320/oz Place-A facility in North Dartmouth, MA Promotion-Using social media-main communication tool People- All four of us in the group will be managing the business- growing and making products
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Marketing Mix- Packaging Options
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