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Published byJob Sullivan Modified over 9 years ago
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Krochet Kids International Maggie Doherty Colleen DuBois Molly Hines Sam Murray Kaari Purstell
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Agenda Introduction Social and Environmental Benefits Company and Competitor Porter’s Five Forces Marketing Strategy
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What is Krochet Kids? Industry overview http://www.youtube.com/watch?v=7Py3Fog8KB4
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Environmental Analysis Economic Forces – Unemployment Rate – Inflation Rate of Clothing Social Forces – Empowerment – Education
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Environmental Analysis Continued Competitive Forces – Burton – Volcom Technological Forces – Personal Technology Devices Regulatory Forces – Low Regulation
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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
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Competitor Analysis Competitor analysis – Amazon and Volcom – Online Market – Price of Goods – Well known vs. New Companies
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Company Analysis Company analysis – Mission and Values – Unique company and products – Humanitarian – Brand Awareness is low
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SWOT Analysis Strengths Weaknesses Opportunities Threats
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Key Issues Statement Product Expansion Charitable Unique
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Marketing Goals Increase Brand Awareness – Increase Advertising spending by 15% – Sponsor a pro snowboarder
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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
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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
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Marketing Strategy Continued Expand target audience – People of all ages willing to make a difference
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Marketing Strategy Continued Vantage point over other competitors – Unique mission and vision – Non-profit producer – Emotional satisfaction
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Marketing Strategy - Logo Universally use the Love Africa logo More emphasis on the humanitarian aspect More appealing to wider range of consumers
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Marketing Strategy - Message Advertise the cause and the humanitarian aspect rather than the actual products Advertising should include workers or reference the cause
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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
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Distribution – Stores Ideas Put KK products in Anthropologie, Urban Outfitters, and Zumiez These stores target the hip, young, and urban demographic
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Advertising – Online Most young people see advertisements online Online advertising is cheaper than tv or magazine
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Conclusion
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