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Krochet Kids International Maggie Doherty Colleen DuBois Molly Hines Sam Murray Kaari Purstell.

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Presentation on theme: "Krochet Kids International Maggie Doherty Colleen DuBois Molly Hines Sam Murray Kaari Purstell."— Presentation transcript:

1 Krochet Kids International Maggie Doherty Colleen DuBois Molly Hines Sam Murray Kaari Purstell

2 Agenda Introduction Social and Environmental Benefits Company and Competitor Porter’s Five Forces Marketing Strategy

3 What is Krochet Kids? Industry overview http://www.youtube.com/watch?v=7Py3Fog8KB4

4 Environmental Analysis Economic Forces – Unemployment Rate – Inflation Rate of Clothing Social Forces – Empowerment – Education

5 Environmental Analysis Continued Competitive Forces – Burton – Volcom Technological Forces – Personal Technology Devices Regulatory Forces – Low Regulation

6 Porter’s Five Forces Degree of Rivalry is LOW Threat of Entry is HIGH Threat of Substitutes is LOW Supplier power is LOW Buyer power is HIGH

7 Competitor Analysis Competitor analysis – Amazon and Volcom – Online Market – Price of Goods – Well known vs. New Companies

8 Company Analysis Company analysis – Mission and Values – Unique company and products – Humanitarian – Brand Awareness is low

9 SWOT Analysis Strengths Weaknesses Opportunities Threats

10 Key Issues Statement Product Expansion Charitable Unique

11 Marketing Goals Increase Brand Awareness – Increase Advertising spending by 15% – Sponsor a pro snowboarder

12 Marketing Goals Continued Continue Expanding – Expand into other countries – Expand into Ethiopia in one year Expand product availability – Expand to larger retailers Zoomies, Urban Outfitters, and Anthropologie

13 Marketing Strategy Target Audience – Those who are active adults in their 20’s – Those who believe in social responsibility – Those with busy lifestyles that shop online

14 Marketing Strategy Continued Expand target audience – People of all ages willing to make a difference

15 Marketing Strategy Continued Vantage point over other competitors – Unique mission and vision – Non-profit producer – Emotional satisfaction

16 Marketing Strategy - Logo Universally use the Love Africa logo More emphasis on the humanitarian aspect More appealing to wider range of consumers

17 Marketing Strategy - Message Advertise the cause and the humanitarian aspect rather than the actual products Advertising should include workers or reference the cause

18 Distribution – Expand to Stores 80% of responders said they most often make purchases in stores 43.1% said they shop online less than once a month

19 Distribution – Stores Ideas Put KK products in Anthropologie, Urban Outfitters, and Zumiez These stores target the hip, young, and urban demographic

20 Advertising – Online Most young people see advertisements online Online advertising is cheaper than tv or magazine

21 Conclusion


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