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Published byEmil Hopkins Modified over 9 years ago
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Garlock Equipment Company Railguard Marketing Plan
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Current Situation $ 1.2 million in sales 40% Gross Profit Growth lifecycle phase
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Market Opportunity Potential Customers 200,000 Market Size $200 million
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Competitive Overview Bluewater Manufacturing $0.8 million in sales this year 1.5 years in business Strong Internet marketing presence Diversified Fall Protection Similar product Informative Website Others 6 other companies None considered credible current threat
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Factor Analysis Strengths Product Freestanding Temporary No drilling Portable Well engineered and tested Simple OSHA compliant OSHA required Reputation Customer Testimonials Garlock Excellent customer service 17 years of experience Strong company backing Brad Dunn & Jim Sidla Weaknesses Heavy Hard to handle Few options Not easily configurable Easy to mis-configure Too simple – can be duplicated easily. May not weather well in corrosive environments such as marine (unknown). May rust at the base and fail over time. Opportunities New Demographic Market Segments New Geographic Market Regions Trend is toward movable and away from fixed barriers Specialty designs for particular purpose Incorporate into consultant recommendations Incorporate into design specifications Threats Competition Legal liability Distributors as competitors Copycat producers
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Market Segmentation Plant Maintenance, Repair & Operations (MRO) Safety Assurance Consultant Service Manufacturing Plants Transportation Operations Construction Roofing Food Processing Plants
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Product Strategy Brand Identity Brand Name: Life Guardian Systems Signature Color: Garlock Green Internet Identity Domain Name: LifeGuardian.com Interactive Website Packaging Packaged Solutions Labeled Packages Private Labeling Not recommended Licensing License active restraint items Line Extensions Product Line Extensions Service Line Extensions Protected Features Patents Trademarks
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Pricing Strategy Pricing Structure Payment Terms
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Distribution Strategy Independent Distributors Distributor Targeting Exclusivity Advertising Order Fulfillment Sales Incentives
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Promotional Strategy Direct Sales Commissioned Follow all leads Service existing accounts Penetrate large accounts Marketing Communications Budget: 7% of projected sales Promotional Programs Print Advertising Public Relations Website Development Website Promotion Trade Show Signage Sales Support Material
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Revenue Projections 1st Year Gross Sales: $2.4 million Net Income: $1 million 2nd Year Gross Sales: $4.3 million Net Income: $2 million
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Next Steps Approve Strategy Approve Budget Develop Tactical Plans Product Plan Distribution Plan Marketing Communication Plan
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