Everpure presentation
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Transcript of Everpure presentation
Everpure
Rebirth as a Revolution
Issues• Tasks• Everpure Past• The market• Competition• Everpure Present (SWOT)• Plan (branding, promotion)• Everpure Future• Conclusion
Tasks• Develop a strategy that would increase sales
to 2cr per month– Know Everpure brand & products– MEL– Current Strategy (Marketing, Sales, monitoring
system, remuneration)– People related to Everpure– The Market – The Industry– SWOT– Develop strategy– Implementation Plan
The Past of Everpure• By MEL• Name: Everpure• Water Filter and dispensers, Related accessories• Core Benefit: Provides Safe Drinking Water• about 7/8 years old• Price: Medium to high Involvement (from 11,000)• Brand’s Image in market: same as all domestic
importers, lower than foreign brands• Outlet: 1 showroom
Methodology• Exploratory research• Data:
– secondary data• Office Records• Everpure Brochures• Brochures of all competitors• Internet• Everpure Personnel Interview (qualitative)
– Primary Data• Consumers & Customers• Competitor visit
• Qualitative analysis
Current Strategy• Department: Marketing (both for WFD&WTP)• 1 Mgr, 1 Sr. Ex, 6 SR• Strongest marketing tool: WOM• Other tools: Showroom, Push Selling, Trade
Fare, Brochures, Website• SR responsibility
– Push sales– Commission on sales– Sales Call report per day
The Market of WFD• Everyone (Households, Offices, Factories, School-college-universities, Hospitals etc.)• Range: People in Dhaka (preferable BD)• Ground: Pure/safe Drinking water in Dhaka is scarce.• Apprx. Data on purity concern (from middle class to upper)
– 10% aware and active– 70% aware but ignore (ones who drinks just boiled water at home & common gallon water
outside + those who are at least conscious)– 20% Not concerned
• Primary Decision makers: Head in the family or Mgr./Asst. Mgr. in HR / Logistics / Procurement– Age: 30 to 40 (Generation X)– Mostly Married– Modest Social Life– TV, News, Minimal Internet use, Movies– Tight on money
• Secondary Decision Makers:– Children (teenage to 25s)– Employees– Parent of students
The Industry• Main competition: 3 or 4 stage purifiers• Lead by foreign (Indian) brands: Mostly Kent (by importer) and Pureit
(Unilever)• BD importers: 25 (including Everpure)• Brand Awareness:
– Kent: through importers (no promotional activity except Bengali brochures)– Pureit: Active Mkt and promotional campaign (most brand equity)
• Has low customer satisfaction– Others: Insufficient customer awareness
Everpure Present• Strengths :
– Good after sales services– Experienced sales team– MEL brand image– High financial backup (*anticipatory)– Strategic placement of showroom– Own factory– Own engineers & Technicians– Some passionate team members
Everpure Present• Weaknesses:
– No branding (except name and an old logo)– Insignificant Brand Awareness among people– No specific target market– Push selling– Manpower failure
• Outdoor SRs need to be groomed• Too much workload on Mkt Mgr.• High turnover (among newly joined)
– Poor packaging– Showroom could be more attractive– Office space insufficiently decorated
Everpure Present• Threats:
– Low entry/exit barrier (import)– Foreign category competitors (they can
invest, manufacture, promote more)– Probability of unfaithful SR presence in team– Employee turnover consistency
Everpure Present• Opportunities:
– Customers less informed in the technology– No way to judge product quality– Brand conscious customers (build trustworthy brand)– Category unaware customers (Aware)– BD importers have very low brand equity– No competitor have specific target market– Possible to import more– Possible to manufacture new– Growing concern about safe drinking water– Can increase price if branding strategy succeeds
Recommendations• Establish strong Brand Image (Brand
conscious market)• Mass Awareness campaign (increase overall
concern, position brand)• Select niche market (primary stage)
– Targeted Marketing Activities• Restructure performance appraisal• Separate Sales and Marketing team• Redecorate Everpure home
Strategy
• Objective: Establish a trustworthy brand– Vision– Establish Brand Elements– Select Niche Market– Promotional Plan
Overview
• Everpure will lead the Health Conscious Lifestyle revolution in Dhaka– The habit of maintaining a healthy lifestyle
• The source of high quality products for healthy lifestyle
• Towards Building Brand Elements
– Medium to high involvement product– People trust only known brands– No marketing activity by BD competitors– Poor product and service by foreign– Backup of MEL group (Technological, Infrastructural and financial)– Scope of research and development of new products– Scope to import
Vision
Brand Elements
• Name: Everpure• Product Category:
– The introduciton of “Lifecare” Products• Tagline:
“Innovations for Pure Life”
Brand Characteristics
• Sector: Health and lifestyle products• Unique Selling Proposition: Modern
Technology• Other propositions:
– Bangladeshi company– Innovation– Good sales and technical support– lower price than foreign companies
• Packaging: Needs to have at least some Brand Packaging
Future Scenerio• Soon there will be a high demand of
purifiers, stronger companies will come to this market. We would compete with:– First mover advantage– Large Loyal Customer Base– More knowledge on the customers– Patriotic sentiment– Innovation
Everpure Niche Market
• Niche: Offices• Geographical Area: Dhaka• Demography: 30 to 40 years (Gen X)• Category Concern (WFD): 40% (Apprx.)• Target Market Portrayal: A mid level manager/officer
with 40-50+ employees• In charge of drinking water• Low or no knowledge on purifiers• Usually buys gallons• Customer insight: Get ‘somewhat safe’ source of
drinking water, without hassle, preferably low cost
Promotion Plan (Stage 1)
• Objective:– Increasing concern for healthy lifestyle– Introducing Everpure as a Concerned Brand
• Mass Awareness Campaign (1st,2nd,3rd Week to 2nd month)– Target Audience: All of Dhaka City– Slogan: “Stay Everpure”– Brief: Increase concern about safe drinking water, Bad sides of
boiled water, Gallon water– 1st week: Teaser (Newspaper, video share, Facebook, Stickers
everywhere mentioning “Stay Everpure”)
Promotion Plan (Stage 1)
• 2nd week: Full paced campaign– Press briefing– Sponsor a viral music video (or an music album)– Preferably Renowned Singer– Lyrics: Modern busy life, health negligence, contains “Stay
Everpure”– Activity campaign in schools, colleges, universities– Print (newspaper & brochures), Web ad, Facebook group etc– Brief mention about Everpure and its current products & vision
• Regular Presence in the media as a Bangladeshi Brand which is concerned about maintaining a healthy life– Activities– Promotional offers– Sales discounts– CSR
Promotion Plan (Stage 2)
• Objective: Introducing “Lifecare Products” Range• Target Audience: Everpure Niche• Target Marketing (3rd week to 3rd month)
– Creative Direct Mail to offices (preferably sent to specific name)– Transparent Everpure Water Bottles (gift)– Direct Mail Contents:
• The need to be concerned about a healthy lifestyle• Water, as a core element• About Everpure (as a Bangladeshi company – introduce MEL –
which is beginning its journey towards “Lifecare” products which are meant for your life)
• Mention that the quality of products are strictly maintained by our R&D, approved by BUET & etc.
• Showcase of current products (overall price)• Discount coupon (for launching)
Implementation Requirements
• Dynamic Teams– Sales– Marketing– Technicians
• New packaging• Uniform for Everpure Team• Showroom Renovation• Website• Separate Phone Number for Everpure• Funding
Conclusion
• Small SBU for MEL• Wide scope for development• Easy to monitor and regulate• Possible to implement within a week
Thank You