SlideShare a Scribd company logo
1 of 34
MEHMET DUMAN
BUSRA YILMAZ
Founded over 30 years ago in a small town of Przemyśl, INGLOT
Cosmetics is now one of the world’s leading manufacturers
in colour cosmetics. INGLOT currently has a presence at all major
beauty happenings and events around the globe, from the
runways of Fashion Week to the stages and sets of TV and
Broadway musicals.
The international expansion began in 2006 with the opening of the
first franchise in Montreal, Canada. Fast growth and
development of the company soon resulted in becoming
available in 57 countries on six continents. At the moment INGLOT
can be found at over 450 boutique stores, stands and retail
locations internationally.
INGLOT succeeded in combining the latest scientific
technology with intense and vibrant colours. Every product
consists of high-quality ingredients and is being sold at fair prices.
All INGLOT cosmetics are produced within the European union
and 95% of them are manufactured in INGLOT's own state of the
art facilities.
A wide range of colours and an impressive variety
of products is something that makes INGLOT stand
out of the crowd. The range consists of over 1,500
colours with over 450 ways to improve your lips,
600 ways to enhance your eyes, and over 300
ways to portray your face, while the extremely
rich collection of nail polishes consists of up to 400
shades
INGLOT constantly cooperates with world-
renowned makeup artists and colour consultants
to bring the latest colour, texture and form to the
market.
MISSION
• We are dedicated to producing high quality products at fair and
reasonable price, using only the best possible ingredients and raw
materials.
• Protect our planet
•Against animal testing
•Support community trade
•Defend human rights
MARKETING PLAN(4P)
Products:
Face :Under makeup Base
Concealer
Foundation
Powder
Blush
Freedom System: Removers
Eyelashes
Eyelash Curler
Makeup Cases
Cosmetic Bags
Nail Accessories
Foot Accessories
Applicator
Professional Tweezer
Brush Cleanser
Mirror
Eyes: Eye Shadow
Eyeliner
Brow
Mascara
Lips :Lipstick
Lip Paint
Lip Gloss
Lipliner
Nails:Nail Treatment
Nail Enamel
Nail Art Enamel
Dry & Shine
Hand & Nail Butter
Nail Enamel Remover
Nail Polish Corrector
PRICE LIST
20 PLN 29 TL 19 TL22 PLN
25 TL30 PLN 33 TL32 PLN
29 PLN 33 TL 27 PLN 39 TL
26 PLN 47 TL30 tl25 PLN
PLACE
We are entering the new market and there is something to do.
Question is ’’ what is the best way for the distributing?’’
We have a product and we would like to be shareholder in the market.
We must establish good distrubuting channels.
Firstly we can establish branch system for the places which are selling
cosmetic products. We will need a warehouses in Istanbul, Ankara, Izmir and
Antalya. They are cities which are the most crowded in Turkey. And Turkey
has a developed cargo system so we can easily transfer to another cities of
Turkey from these places. Also we will establish a web site which will involve
every detail and kind of our product and we desire to reach all of the people
in Turkey by the this way.
Also, we think to attend some international and domestic organization such as
İzmir International Fair ( during 10 days), Istanbul Beauty & Care Fairs (4 times per
year) and Ankara Shopping Fest(almost 1 month). These organizations are
aroused interest by foreign investors ,turists and native people so these
organizations can help us to reach the people easily.
 It is important to keep our
product in market. Internet and
television is the common
communication tools. We belive
that Inglot will succeed at
cosmetic sector in Turkey thank
to tradition and many years of
experience in cosmetic
production.We must have an
advertisement in the beginning
in this way we are easily
accessible to everyone. Also , we
desire to reach to our costumer
by using catalog .
 On the other hand we should
apply discount on special days
(valentine day, mother’s day
etc.)
 Print Advertising: Magazines such as Elle, Cosmopolitan Hey Girl
 Digital Adv.:
e-mail marketing:in the from of attractive e-brochures to the
prospective clients.
social media marketing: facebook application which would enable
users to share various nail polish design using their own pictures and
also contest on Instagram is a great way for communication.
 Saloon owners meet: The Inglot team should organise a meet for the
owners of big saloons. After the meeting should give VIP discount
card in this way they can use our products at their saloon.
 Bilboard in almost all Metropolitan as well as Cosmopolitan cities.
 Word of mouth - the best form of advertising because 70% of
consumers trust peer recommendations and only 18% trust
advertisements. Flyers distribution to get recommendations – to get a
positive effect on the business. Encourage people to talk about us.
The strong points of the Inglot :
 Tradition and many years of
experience in cosmetics production
 Top world-class quality of the
products
 A complex production basis with
access to qualified staff
 A complex scientific base and
growing investments in research and
development
 The Inglot’s producers’ long
experience on international markets
 Experience in contractual production
 Flexibility and the ability to adapt
 Highly-developed company of
industry supporting the production of
cosmetics
 The sales are slow moving
because of decreased consumer
spending.
 Not fully effective communication
and management of tasks and
connections between the
numerous divisions of the
company
 Women are scared of taking risks
and letting go of their traditional
and previously used products. So
much more work and effort should
be put in the advertising
department.
 The company covers the needs of
women of all ages and all social
classes.
 Inovation
 Product and services expansion
 The increase in the focus and
importance of beauty care in the Turkey.
 Competition
 Price wars
 Saturation of market
 Market leaders that dominate
the cosmetic industry.
Political Analysis,
Turkey has a free market economy and also it is
possible directly foreign investment in Turkey.
On the other hand, it is important that stability in
Turkey is so good situation , however
developing economy shows us that Turkey is
one of the most convenient countries to invest
today’s world.
Economic Factors,
Let’s reseach the trade
relations between Turkey and
Poland and information about
Poland’s cosmetic import .
You can see the information
about import, export, balance
and volume year to year in the
below table between Turkey
and Poland.
YEARS IMPORT EXPORT BALANCE VOLUME
2006 1.060 1.437 -377 2497
2007 1.436 1.646 -210 3082
2008 1.587 1,978 -391 3565
2009 1.322 1,817 -495 3139
2010 1,504 2,621 -1117 4125
2011 1.758 3.496 -1738 5254
2012 1.854 3.058 -1204 4912
You can see the increase in
developing trade volume between
Turkey and Poland. During six years
trade volume increaced from 2.500
to 5000.
As is seen that share of import to Turkey is one of the lowest
amount among these countries so our target is to increase the
this low share of Turkey and to contribute the Poland’s import
volume.
Social-culturel factors
Turkey’s population is
approximately 76 million now
and as is seen in the table
structure of Turkey’s
population is so young. If we
mention about the
population of sex,
population of female is
approximately 38 million
and 19 million of it is
between 14 -45 years old.
Population of male is almost
same. As is seen, Turkey is so
suitable market for cosmetic
sector and we belive that
we will succeed at this
market with Tradition and
many years of experience in
cosmetics production
Social-culturel
factors
Turkey’s population is
approximately 76 million
now and as is seen in the
table structure of Turkey’s
population is so young. If
we mention about the
population of sex,
population of female is
approximately 38 million
and 19 million of it is
between 14 -45 years old.
Population of male is
almost same. As is seen,
Turkey is so suitable market
for cosmetic sector and we
belive that we will succeed
at this market with tradition
and many years of
experience in cosmetics
production
Technological factors,
Today’s world internet is very
common tool and we can use it for
everything.We can establish web site
for product and make a online sell for
part of Turkey.Our product should
produce in a healthy environment so
we need a technology.We can
determine quality and realibility.
 Sustainable/green packaging
 Recycling/disposal of by-products
 Concern for deforestation
 New chemical legislation in
the EU: from 2008
chemicals imported into
Europe in amounts at 1
tonne per year (including
mixtures) will need to be
registered with anew
European Chemical
Agency (ECHA) in Helsinki.
 Ban on the sale and
marketing of animal-tested
cosmetic products through
out the EU from March
2009.
SOURCE : Health and Safety
Why Turkey?
10 Reason to Invest in Turkey
1-Successful Economy :
 Booming economy; more than tripling its GDP, reaching USD
786 billion in 2012, up from USD 231 billion in 2002
 Stable economic growth with an average annual real GDP
growth rate of 5 percent over the past decade.
 16th largest economy in the world and 6th largest economy
compared with the EU in 2012
2-Population
 A population of 76 million
 Largest youth population compared with the EU
 Half the population under the age 30.1
 Young, dynamic, well-educated and multi-cultural population
3-Liberal and reformist investment climate
4- Centrally located
5- Qualified and compatitive labor force
6-Infrastructure
7- Low taxes and incentives
8- Energy corridor and termınal of Europe
9- Customs Union wıth the EU since 1996
10- Large domestic market
In the period of 1950-1960 being the first step of industrialization
process of Turkey, the sector activities have first started with the
efforts of foreign investors or multinationals aimed at penetration
into the Turkish market with their products, and the sector mainly
dominated by import goods at the beginning has gradually
proceeded towards the local industry. However, the dependence
on foreign sources for active ingredients or raw materials has
continued till date and is still continuing.
-Thanks to its continuously improving R&D and production abilities,
Turkish cosmetics sector has being gained a considerable
competitive power. Optimal quality and cost alternatives are
provided by the sector both for domestic and foreign buyers
Cosmetic sector in Turkey
In the period of 1950-1960 being the first step of
industrialization process of Turkey, the sector activities
have first started with the efforts of foreign investors or
multinationals aimed at penetration into the Turkish
market with their products, and the sector mainly
dominated by import goods at the beginning has
gradually proceeded towards the local industry.
However, the dependence on foreign sources for
active ingredients or raw materials has continued till
date and is still continuing.
-Thanks to its continuously improving R&D and
production abilities, Turkish cosmetics sector has being
gained a considerable competitive power. Optimal
quality and cost alternatives are provided by the
sector both for domestic and foreign buyers
Market strategy
Although the cosmetic market in Turkey as known to be
large but we have to do market research to learn that if
conducted to determine whether that market would be
suitable for our products. Also we have to find the right
price strategy for our products.
Having identified the product range and its acceptability to
Turkish consumers it was then possible for our company to
forecast the potential sales which could be achieved in
Turkey.
This information, together with estimates of the costs
involved in setting up and running the manufacturing
operation, enabled the company to determine that the
project is financially viable. That will show us how much
financial resources we need for this investment.
marketing plan for Inglot Cosmetics- from Poland to Turkey

More Related Content

What's hot

Dove Deep moisture Bodywash STP, Marketing Mix & Market Research
Dove Deep moisture Bodywash STP, Marketing Mix & Market ResearchDove Deep moisture Bodywash STP, Marketing Mix & Market Research
Dove Deep moisture Bodywash STP, Marketing Mix & Market ResearchAjay Ram
 
L'oreal marketing
L'oreal marketingL'oreal marketing
L'oreal marketinglekphal
 
Integrated Digital Campaign Planning for L'Oréal
Integrated Digital Campaign Planning for L'OréalIntegrated Digital Campaign Planning for L'Oréal
Integrated Digital Campaign Planning for L'OréalRonak Soni
 
Pricing and promotional strategies for Cosmetic products.New Product Developm...
Pricing and promotional strategies for Cosmetic products.New Product Developm...Pricing and promotional strategies for Cosmetic products.New Product Developm...
Pricing and promotional strategies for Cosmetic products.New Product Developm...Niyati Pandya
 
Example of-marketing-communication-plan
Example of-marketing-communication-planExample of-marketing-communication-plan
Example of-marketing-communication-planMr Nyak
 
Al Haramain Perfumes competitive analysis
Al Haramain Perfumes competitive analysisAl Haramain Perfumes competitive analysis
Al Haramain Perfumes competitive analysisM. Mushfiq Rahman
 
10 step marketing plan olay regenerist
10 step marketing plan   olay regenerist10 step marketing plan   olay regenerist
10 step marketing plan olay regeneristricadelapaz
 
Presentation on Unilever (Axe & Dove)
Presentation on Unilever (Axe & Dove)Presentation on Unilever (Axe & Dove)
Presentation on Unilever (Axe & Dove)Rajat Nagar
 
Cosmetics buying behaviour in India
Cosmetics buying behaviour in IndiaCosmetics buying behaviour in India
Cosmetics buying behaviour in Indiarasharo
 
Ex-Nihilo - Niche perfumery Business plan
Ex-Nihilo - Niche perfumery Business planEx-Nihilo - Niche perfumery Business plan
Ex-Nihilo - Niche perfumery Business planVivek Sharma
 
Product Launching Presentation
Product Launching PresentationProduct Launching Presentation
Product Launching Presentationdianaists
 
L'Oreal - Marketing Strategy
L'Oreal - Marketing StrategyL'Oreal - Marketing Strategy
L'Oreal - Marketing Strategyibzmir
 
Marketing and Advertising strategy of Fair & Lovely
Marketing and Advertising strategy of Fair & LovelyMarketing and Advertising strategy of Fair & Lovely
Marketing and Advertising strategy of Fair & LovelyRevathi Basara
 

What's hot (20)

Brandstorm
BrandstormBrandstorm
Brandstorm
 
Dove Deep moisture Bodywash STP, Marketing Mix & Market Research
Dove Deep moisture Bodywash STP, Marketing Mix & Market ResearchDove Deep moisture Bodywash STP, Marketing Mix & Market Research
Dove Deep moisture Bodywash STP, Marketing Mix & Market Research
 
L'oreal marketing
L'oreal marketingL'oreal marketing
L'oreal marketing
 
Integrated Digital Campaign Planning for L'Oréal
Integrated Digital Campaign Planning for L'OréalIntegrated Digital Campaign Planning for L'Oréal
Integrated Digital Campaign Planning for L'Oréal
 
Pricing and promotional strategies for Cosmetic products.New Product Developm...
Pricing and promotional strategies for Cosmetic products.New Product Developm...Pricing and promotional strategies for Cosmetic products.New Product Developm...
Pricing and promotional strategies for Cosmetic products.New Product Developm...
 
Example of-marketing-communication-plan
Example of-marketing-communication-planExample of-marketing-communication-plan
Example of-marketing-communication-plan
 
Mac cosmetics
Mac cosmeticsMac cosmetics
Mac cosmetics
 
Ppt on stp of dove
Ppt on stp of dovePpt on stp of dove
Ppt on stp of dove
 
Al Haramain Perfumes competitive analysis
Al Haramain Perfumes competitive analysisAl Haramain Perfumes competitive analysis
Al Haramain Perfumes competitive analysis
 
Dove- Brand Evolution
Dove- Brand EvolutionDove- Brand Evolution
Dove- Brand Evolution
 
10 step marketing plan olay regenerist
10 step marketing plan   olay regenerist10 step marketing plan   olay regenerist
10 step marketing plan olay regenerist
 
Presentation on Unilever (Axe & Dove)
Presentation on Unilever (Axe & Dove)Presentation on Unilever (Axe & Dove)
Presentation on Unilever (Axe & Dove)
 
Cosmetics buying behaviour in India
Cosmetics buying behaviour in IndiaCosmetics buying behaviour in India
Cosmetics buying behaviour in India
 
Ex-Nihilo - Niche perfumery Business plan
Ex-Nihilo - Niche perfumery Business planEx-Nihilo - Niche perfumery Business plan
Ex-Nihilo - Niche perfumery Business plan
 
Product Launching Presentation
Product Launching PresentationProduct Launching Presentation
Product Launching Presentation
 
L'Oreal - Marketing Strategy
L'Oreal - Marketing StrategyL'Oreal - Marketing Strategy
L'Oreal - Marketing Strategy
 
Dove case study
Dove case studyDove case study
Dove case study
 
Marketing and Advertising strategy of Fair & Lovely
Marketing and Advertising strategy of Fair & LovelyMarketing and Advertising strategy of Fair & Lovely
Marketing and Advertising strategy of Fair & Lovely
 
Business plan
Business planBusiness plan
Business plan
 
Lux Presentation
Lux PresentationLux Presentation
Lux Presentation
 

Viewers also liked

Digital marketing strategy
Digital marketing strategyDigital marketing strategy
Digital marketing strategyvrinda bhagat
 
10 Marketing Buzzwords to Stop Using
10 Marketing Buzzwords to Stop Using 10 Marketing Buzzwords to Stop Using
10 Marketing Buzzwords to Stop Using MarketingProfs
 
11 Ways to Engage Customers on Facebook
11 Ways to Engage Customers on Facebook11 Ways to Engage Customers on Facebook
11 Ways to Engage Customers on FacebookMarketingProfs
 
Personal branding | 01 (taglia m)
Personal branding | 01 (taglia m)Personal branding | 01 (taglia m)
Personal branding | 01 (taglia m)Andrea Sales
 
A look inside L'Oréal's Divisions: Active Cosmetics
A look inside L'Oréal's Divisions: Active CosmeticsA look inside L'Oréal's Divisions: Active Cosmetics
A look inside L'Oréal's Divisions: Active CosmeticsL'Oréal Talent
 
Brandstorm la-roche-posay-g11-ultimate
Brandstorm la-roche-posay-g11-ultimateBrandstorm la-roche-posay-g11-ultimate
Brandstorm la-roche-posay-g11-ultimateAntoine De Man
 
360° Marketing Campaign for OTOBI - Ad Maker 2014 - Round 2
360° Marketing Campaign for OTOBI - Ad Maker 2014 - Round 2360° Marketing Campaign for OTOBI - Ad Maker 2014 - Round 2
360° Marketing Campaign for OTOBI - Ad Maker 2014 - Round 2Sayem Faruk
 
Analisi web Customer Care con Social Intelligence | BEWE
Analisi web Customer Care con Social Intelligence | BEWEAnalisi web Customer Care con Social Intelligence | BEWE
Analisi web Customer Care con Social Intelligence | BEWEROIALTY
 
Beauty care e attuale scenario dei consumi: fatti, cifre, tendenze di sviluppo
Beauty care e attuale scenario dei consumi: fatti, cifre, tendenze di sviluppoBeauty care e attuale scenario dei consumi: fatti, cifre, tendenze di sviluppo
Beauty care e attuale scenario dei consumi: fatti, cifre, tendenze di sviluppoG&P communication srl
 
Gli sfigati del web marketing
Gli sfigati del web marketing   Gli sfigati del web marketing
Gli sfigati del web marketing desmond1000
 
Strategie de communication digitale Clarins
Strategie de communication digitale ClarinsStrategie de communication digitale Clarins
Strategie de communication digitale ClarinsSylvie Nourry
 
Lean Startup, dal garage ai grattacieli
Lean Startup, dal garage ai grattacieliLean Startup, dal garage ai grattacieli
Lean Startup, dal garage ai grattacieliFelice Pescatore
 
Social Media Report - Shampoo Brands April 2016
Social Media Report - Shampoo Brands April 2016Social Media Report - Shampoo Brands April 2016
Social Media Report - Shampoo Brands April 2016Unmetric
 
7 components of a Media Brief
7 components of a Media Brief7 components of a Media Brief
7 components of a Media BriefRuby Menezes
 
Dall'idea al business model La cassetta degli attrezzi - Irene Cassarino
Dall'idea al business model La cassetta degli attrezzi - Irene CassarinoDall'idea al business model La cassetta degli attrezzi - Irene Cassarino
Dall'idea al business model La cassetta degli attrezzi - Irene CassarinoSardegna Ricerche
 
Brand reputation: case history Patrizia Pepe
Brand reputation: case history Patrizia PepeBrand reputation: case history Patrizia Pepe
Brand reputation: case history Patrizia PepeGiorgio Soffiato
 
Teads barometroluxury_gennaio2015
Teads barometroluxury_gennaio2015Teads barometroluxury_gennaio2015
Teads barometroluxury_gennaio2015marketing-it
 

Viewers also liked (20)

Digital marketing strategy
Digital marketing strategyDigital marketing strategy
Digital marketing strategy
 
10 Marketing Buzzwords to Stop Using
10 Marketing Buzzwords to Stop Using 10 Marketing Buzzwords to Stop Using
10 Marketing Buzzwords to Stop Using
 
11 Ways to Engage Customers on Facebook
11 Ways to Engage Customers on Facebook11 Ways to Engage Customers on Facebook
11 Ways to Engage Customers on Facebook
 
Personal branding | 01 (taglia m)
Personal branding | 01 (taglia m)Personal branding | 01 (taglia m)
Personal branding | 01 (taglia m)
 
A look inside L'Oréal's Divisions: Active Cosmetics
A look inside L'Oréal's Divisions: Active CosmeticsA look inside L'Oréal's Divisions: Active Cosmetics
A look inside L'Oréal's Divisions: Active Cosmetics
 
Brandstorm la-roche-posay-g11-ultimate
Brandstorm la-roche-posay-g11-ultimateBrandstorm la-roche-posay-g11-ultimate
Brandstorm la-roche-posay-g11-ultimate
 
360° Marketing Campaign for OTOBI - Ad Maker 2014 - Round 2
360° Marketing Campaign for OTOBI - Ad Maker 2014 - Round 2360° Marketing Campaign for OTOBI - Ad Maker 2014 - Round 2
360° Marketing Campaign for OTOBI - Ad Maker 2014 - Round 2
 
Analisi web Customer Care con Social Intelligence | BEWE
Analisi web Customer Care con Social Intelligence | BEWEAnalisi web Customer Care con Social Intelligence | BEWE
Analisi web Customer Care con Social Intelligence | BEWE
 
Beauty care e attuale scenario dei consumi: fatti, cifre, tendenze di sviluppo
Beauty care e attuale scenario dei consumi: fatti, cifre, tendenze di sviluppoBeauty care e attuale scenario dei consumi: fatti, cifre, tendenze di sviluppo
Beauty care e attuale scenario dei consumi: fatti, cifre, tendenze di sviluppo
 
Gli sfigati del web marketing
Gli sfigati del web marketing   Gli sfigati del web marketing
Gli sfigati del web marketing
 
Strategie de communication digitale Clarins
Strategie de communication digitale ClarinsStrategie de communication digitale Clarins
Strategie de communication digitale Clarins
 
Lean Startup, dal garage ai grattacieli
Lean Startup, dal garage ai grattacieliLean Startup, dal garage ai grattacieli
Lean Startup, dal garage ai grattacieli
 
Social Media Report - Shampoo Brands April 2016
Social Media Report - Shampoo Brands April 2016Social Media Report - Shampoo Brands April 2016
Social Media Report - Shampoo Brands April 2016
 
7 components of a Media Brief
7 components of a Media Brief7 components of a Media Brief
7 components of a Media Brief
 
Competencies Positioning System
Competencies Positioning SystemCompetencies Positioning System
Competencies Positioning System
 
Generacion Y - Maybelline
Generacion Y - MaybellineGeneracion Y - Maybelline
Generacion Y - Maybelline
 
Power Point Chanel
Power Point ChanelPower Point Chanel
Power Point Chanel
 
Dall'idea al business model La cassetta degli attrezzi - Irene Cassarino
Dall'idea al business model La cassetta degli attrezzi - Irene CassarinoDall'idea al business model La cassetta degli attrezzi - Irene Cassarino
Dall'idea al business model La cassetta degli attrezzi - Irene Cassarino
 
Brand reputation: case history Patrizia Pepe
Brand reputation: case history Patrizia PepeBrand reputation: case history Patrizia Pepe
Brand reputation: case history Patrizia Pepe
 
Teads barometroluxury_gennaio2015
Teads barometroluxury_gennaio2015Teads barometroluxury_gennaio2015
Teads barometroluxury_gennaio2015
 

Similar to marketing plan for Inglot Cosmetics- from Poland to Turkey

Primark’s Background Primark retails a diverse range o.docx
Primark’s Background Primark retails a diverse range o.docxPrimark’s Background Primark retails a diverse range o.docx
Primark’s Background Primark retails a diverse range o.docxstilliegeorgiana
 
Group project presentation
Group project presentationGroup project presentation
Group project presentationJerry Chew
 
Marketing Vodka Parliament to Turkey and Spain
Marketing Vodka Parliament to Turkey and SpainMarketing Vodka Parliament to Turkey and Spain
Marketing Vodka Parliament to Turkey and SpainVyacheslav Alexandrov
 
L'Oreal Brandstorm - Kiehl's
L'Oreal Brandstorm - Kiehl'sL'Oreal Brandstorm - Kiehl's
L'Oreal Brandstorm - Kiehl'sadakoku
 
Marketing strategy to promote Vodka Parliament to Turkey and Spain
Marketing strategy to promote Vodka Parliament to Turkey and SpainMarketing strategy to promote Vodka Parliament to Turkey and Spain
Marketing strategy to promote Vodka Parliament to Turkey and SpainSlava Feniks
 
leather production Ethiopia
 leather production Ethiopia leather production Ethiopia
leather production Ethiopiaabdulmenan sherif
 
Project - International marketing plan
Project - International marketing planProject - International marketing plan
Project - International marketing planMarco Cucco
 
Luxury and Cosmetics Market and Consumer Trends
Luxury and Cosmetics Market and Consumer Trends Luxury and Cosmetics Market and Consumer Trends
Luxury and Cosmetics Market and Consumer Trends Chris Cadden
 
ATA 2010 Conference Proceedings
ATA 2010 Conference ProceedingsATA 2010 Conference Proceedings
ATA 2010 Conference ProceedingsAgnes Meilhac
 
How to do business in the Indian Market for Kiko Milano.
How to do business in the Indian Market for Kiko Milano.How to do business in the Indian Market for Kiko Milano.
How to do business in the Indian Market for Kiko Milano.Giacomo Caleffi
 
DepilatoCosmetics raising equity bp english
DepilatoCosmetics raising equity bp englishDepilatoCosmetics raising equity bp english
DepilatoCosmetics raising equity bp englishjmwslides
 
L'Oreal Brandstorm - Lancome in Travel Retail
L'Oreal Brandstorm - Lancome in Travel RetailL'Oreal Brandstorm - Lancome in Travel Retail
L'Oreal Brandstorm - Lancome in Travel RetailPierandrea Miglietta
 
InterMediaKT_GILM_Final Conference
InterMediaKT_GILM_Final ConferenceInterMediaKT_GILM_Final Conference
InterMediaKT_GILM_Final ConferenceGILM Project
 
Deliberry - NOAH17 London
Deliberry - NOAH17 LondonDeliberry - NOAH17 London
Deliberry - NOAH17 LondonNOAH Advisors
 
Skin care product PPT
Skin care product PPTSkin care product PPT
Skin care product PPTAnu James
 
Chechen Refugee Camps TranscriptGreetings from Grozny Inside .docx
Chechen Refugee Camps TranscriptGreetings from Grozny Inside .docxChechen Refugee Camps TranscriptGreetings from Grozny Inside .docx
Chechen Refugee Camps TranscriptGreetings from Grozny Inside .docxchristinemaritza
 

Similar to marketing plan for Inglot Cosmetics- from Poland to Turkey (20)

Primark’s Background Primark retails a diverse range o.docx
Primark’s Background Primark retails a diverse range o.docxPrimark’s Background Primark retails a diverse range o.docx
Primark’s Background Primark retails a diverse range o.docx
 
Sunsilk Project
Sunsilk Project Sunsilk Project
Sunsilk Project
 
Group project presentation
Group project presentationGroup project presentation
Group project presentation
 
Colgate ppt
Colgate pptColgate ppt
Colgate ppt
 
Marketing Vodka Parliament to Turkey and Spain
Marketing Vodka Parliament to Turkey and SpainMarketing Vodka Parliament to Turkey and Spain
Marketing Vodka Parliament to Turkey and Spain
 
L'Oreal Brandstorm - Kiehl's
L'Oreal Brandstorm - Kiehl'sL'Oreal Brandstorm - Kiehl's
L'Oreal Brandstorm - Kiehl's
 
Module 3 assignment
Module 3 assignmentModule 3 assignment
Module 3 assignment
 
Marketing strategy to promote Vodka Parliament to Turkey and Spain
Marketing strategy to promote Vodka Parliament to Turkey and SpainMarketing strategy to promote Vodka Parliament to Turkey and Spain
Marketing strategy to promote Vodka Parliament to Turkey and Spain
 
leather production Ethiopia
 leather production Ethiopia leather production Ethiopia
leather production Ethiopia
 
Project - International marketing plan
Project - International marketing planProject - International marketing plan
Project - International marketing plan
 
Luxury and Cosmetics Market and Consumer Trends
Luxury and Cosmetics Market and Consumer Trends Luxury and Cosmetics Market and Consumer Trends
Luxury and Cosmetics Market and Consumer Trends
 
ATA 2010 Conference Proceedings
ATA 2010 Conference ProceedingsATA 2010 Conference Proceedings
ATA 2010 Conference Proceedings
 
How to do business in the Indian Market for Kiko Milano.
How to do business in the Indian Market for Kiko Milano.How to do business in the Indian Market for Kiko Milano.
How to do business in the Indian Market for Kiko Milano.
 
Unilever
UnileverUnilever
Unilever
 
DepilatoCosmetics raising equity bp english
DepilatoCosmetics raising equity bp englishDepilatoCosmetics raising equity bp english
DepilatoCosmetics raising equity bp english
 
L'Oreal Brandstorm - Lancome in Travel Retail
L'Oreal Brandstorm - Lancome in Travel RetailL'Oreal Brandstorm - Lancome in Travel Retail
L'Oreal Brandstorm - Lancome in Travel Retail
 
InterMediaKT_GILM_Final Conference
InterMediaKT_GILM_Final ConferenceInterMediaKT_GILM_Final Conference
InterMediaKT_GILM_Final Conference
 
Deliberry - NOAH17 London
Deliberry - NOAH17 LondonDeliberry - NOAH17 London
Deliberry - NOAH17 London
 
Skin care product PPT
Skin care product PPTSkin care product PPT
Skin care product PPT
 
Chechen Refugee Camps TranscriptGreetings from Grozny Inside .docx
Chechen Refugee Camps TranscriptGreetings from Grozny Inside .docxChechen Refugee Camps TranscriptGreetings from Grozny Inside .docx
Chechen Refugee Camps TranscriptGreetings from Grozny Inside .docx
 

Recently uploaded

Digital Marketing in 5G Era - Digital Transformation in 5G Age
Digital Marketing in 5G Era - Digital Transformation in 5G AgeDigital Marketing in 5G Era - Digital Transformation in 5G Age
Digital Marketing in 5G Era - Digital Transformation in 5G AgeDigiKarishma
 
Inbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon Garside
Inbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon GarsideInbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon Garside
Inbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon Garsiderobwhite630290
 
VIP Call Girls In Green Park 9654467111 Escorts Service
VIP Call Girls In Green Park 9654467111 Escorts ServiceVIP Call Girls In Green Park 9654467111 Escorts Service
VIP Call Girls In Green Park 9654467111 Escorts ServiceSapana Sha
 
The power of SEO-driven market intelligence
The power of SEO-driven market intelligenceThe power of SEO-driven market intelligence
The power of SEO-driven market intelligenceHinde Lamrani
 
Jai Institute for Parenting Program Guide
Jai Institute for Parenting Program GuideJai Institute for Parenting Program Guide
Jai Institute for Parenting Program Guidekiva6
 
TAM AdEx 2023 Cross Media Advertising Recap - Auto Sector
TAM AdEx 2023 Cross Media Advertising Recap - Auto SectorTAM AdEx 2023 Cross Media Advertising Recap - Auto Sector
TAM AdEx 2023 Cross Media Advertising Recap - Auto SectorSocial Samosa
 
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...Ahrefs
 
Understanding the Affiliate Marketing Channel; the short guide
Understanding the Affiliate Marketing Channel; the short guideUnderstanding the Affiliate Marketing Channel; the short guide
Understanding the Affiliate Marketing Channel; the short guidePartnercademy
 
Storyboards for my Final Major Project Video
Storyboards for my Final Major Project VideoStoryboards for my Final Major Project Video
Storyboards for my Final Major Project VideoSineadBidwell
 
Call Girls in Lajpat Nagar Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Lajpat Nagar Delhi 💯Call Us 🔝8264348440🔝Call Girls in Lajpat Nagar Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Lajpat Nagar Delhi 💯Call Us 🔝8264348440🔝soniya singh
 
Influencer Marketing Power point presentation
Influencer Marketing  Power point presentationInfluencer Marketing  Power point presentation
Influencer Marketing Power point presentationdgtivemarketingagenc
 
ASO Process: What is App Store Optimization
ASO Process: What is App Store OptimizationASO Process: What is App Store Optimization
ASO Process: What is App Store OptimizationAli Raza
 
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdf
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdfResearch and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdf
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdfVWO
 
5 Digital Marketing Tips | Devherds Software Solutions
5 Digital Marketing Tips | Devherds Software Solutions5 Digital Marketing Tips | Devherds Software Solutions
5 Digital Marketing Tips | Devherds Software SolutionsDevherds Software Solutions
 
2024's Top PPC Tactics: Triple Your Google Ads Local Leads
2024's Top PPC Tactics: Triple Your Google Ads Local Leads2024's Top PPC Tactics: Triple Your Google Ads Local Leads
2024's Top PPC Tactics: Triple Your Google Ads Local LeadsSearch Engine Journal
 
Talent Management for mba 3rd sem useful
Talent Management for mba 3rd sem usefulTalent Management for mba 3rd sem useful
Talent Management for mba 3rd sem usefulAtifaArbar
 
Fueling A_B experiments with behavioral insights (1).pdf
Fueling A_B experiments with behavioral insights (1).pdfFueling A_B experiments with behavioral insights (1).pdf
Fueling A_B experiments with behavioral insights (1).pdfVWO
 
What’s the difference between Affiliate Marketing and Brand Partnerships?
What’s the difference between Affiliate Marketing and Brand Partnerships?What’s the difference between Affiliate Marketing and Brand Partnerships?
What’s the difference between Affiliate Marketing and Brand Partnerships?Partnercademy
 
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdf
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdfSnapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdf
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdfEastern Online-iSURVEY
 
Most Influential HR Leaders Leading the Corporate World, 2024 (Final file).pdf
Most Influential HR Leaders Leading the Corporate World, 2024 (Final file).pdfMost Influential HR Leaders Leading the Corporate World, 2024 (Final file).pdf
Most Influential HR Leaders Leading the Corporate World, 2024 (Final file).pdfCIO Business World
 

Recently uploaded (20)

Digital Marketing in 5G Era - Digital Transformation in 5G Age
Digital Marketing in 5G Era - Digital Transformation in 5G AgeDigital Marketing in 5G Era - Digital Transformation in 5G Age
Digital Marketing in 5G Era - Digital Transformation in 5G Age
 
Inbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon Garside
Inbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon GarsideInbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon Garside
Inbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon Garside
 
VIP Call Girls In Green Park 9654467111 Escorts Service
VIP Call Girls In Green Park 9654467111 Escorts ServiceVIP Call Girls In Green Park 9654467111 Escorts Service
VIP Call Girls In Green Park 9654467111 Escorts Service
 
The power of SEO-driven market intelligence
The power of SEO-driven market intelligenceThe power of SEO-driven market intelligence
The power of SEO-driven market intelligence
 
Jai Institute for Parenting Program Guide
Jai Institute for Parenting Program GuideJai Institute for Parenting Program Guide
Jai Institute for Parenting Program Guide
 
TAM AdEx 2023 Cross Media Advertising Recap - Auto Sector
TAM AdEx 2023 Cross Media Advertising Recap - Auto SectorTAM AdEx 2023 Cross Media Advertising Recap - Auto Sector
TAM AdEx 2023 Cross Media Advertising Recap - Auto Sector
 
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...
 
Understanding the Affiliate Marketing Channel; the short guide
Understanding the Affiliate Marketing Channel; the short guideUnderstanding the Affiliate Marketing Channel; the short guide
Understanding the Affiliate Marketing Channel; the short guide
 
Storyboards for my Final Major Project Video
Storyboards for my Final Major Project VideoStoryboards for my Final Major Project Video
Storyboards for my Final Major Project Video
 
Call Girls in Lajpat Nagar Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Lajpat Nagar Delhi 💯Call Us 🔝8264348440🔝Call Girls in Lajpat Nagar Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Lajpat Nagar Delhi 💯Call Us 🔝8264348440🔝
 
Influencer Marketing Power point presentation
Influencer Marketing  Power point presentationInfluencer Marketing  Power point presentation
Influencer Marketing Power point presentation
 
ASO Process: What is App Store Optimization
ASO Process: What is App Store OptimizationASO Process: What is App Store Optimization
ASO Process: What is App Store Optimization
 
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdf
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdfResearch and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdf
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdf
 
5 Digital Marketing Tips | Devherds Software Solutions
5 Digital Marketing Tips | Devherds Software Solutions5 Digital Marketing Tips | Devherds Software Solutions
5 Digital Marketing Tips | Devherds Software Solutions
 
2024's Top PPC Tactics: Triple Your Google Ads Local Leads
2024's Top PPC Tactics: Triple Your Google Ads Local Leads2024's Top PPC Tactics: Triple Your Google Ads Local Leads
2024's Top PPC Tactics: Triple Your Google Ads Local Leads
 
Talent Management for mba 3rd sem useful
Talent Management for mba 3rd sem usefulTalent Management for mba 3rd sem useful
Talent Management for mba 3rd sem useful
 
Fueling A_B experiments with behavioral insights (1).pdf
Fueling A_B experiments with behavioral insights (1).pdfFueling A_B experiments with behavioral insights (1).pdf
Fueling A_B experiments with behavioral insights (1).pdf
 
What’s the difference between Affiliate Marketing and Brand Partnerships?
What’s the difference between Affiliate Marketing and Brand Partnerships?What’s the difference between Affiliate Marketing and Brand Partnerships?
What’s the difference between Affiliate Marketing and Brand Partnerships?
 
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdf
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdfSnapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdf
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdf
 
Most Influential HR Leaders Leading the Corporate World, 2024 (Final file).pdf
Most Influential HR Leaders Leading the Corporate World, 2024 (Final file).pdfMost Influential HR Leaders Leading the Corporate World, 2024 (Final file).pdf
Most Influential HR Leaders Leading the Corporate World, 2024 (Final file).pdf
 

marketing plan for Inglot Cosmetics- from Poland to Turkey

  • 2. Founded over 30 years ago in a small town of Przemyśl, INGLOT Cosmetics is now one of the world’s leading manufacturers in colour cosmetics. INGLOT currently has a presence at all major beauty happenings and events around the globe, from the runways of Fashion Week to the stages and sets of TV and Broadway musicals. The international expansion began in 2006 with the opening of the first franchise in Montreal, Canada. Fast growth and development of the company soon resulted in becoming available in 57 countries on six continents. At the moment INGLOT can be found at over 450 boutique stores, stands and retail locations internationally. INGLOT succeeded in combining the latest scientific technology with intense and vibrant colours. Every product consists of high-quality ingredients and is being sold at fair prices. All INGLOT cosmetics are produced within the European union and 95% of them are manufactured in INGLOT's own state of the art facilities.
  • 3. A wide range of colours and an impressive variety of products is something that makes INGLOT stand out of the crowd. The range consists of over 1,500 colours with over 450 ways to improve your lips, 600 ways to enhance your eyes, and over 300 ways to portray your face, while the extremely rich collection of nail polishes consists of up to 400 shades INGLOT constantly cooperates with world- renowned makeup artists and colour consultants to bring the latest colour, texture and form to the market.
  • 4. MISSION • We are dedicated to producing high quality products at fair and reasonable price, using only the best possible ingredients and raw materials. • Protect our planet •Against animal testing •Support community trade •Defend human rights
  • 5. MARKETING PLAN(4P) Products: Face :Under makeup Base Concealer Foundation Powder Blush Freedom System: Removers Eyelashes Eyelash Curler Makeup Cases Cosmetic Bags Nail Accessories Foot Accessories Applicator Professional Tweezer Brush Cleanser Mirror
  • 6. Eyes: Eye Shadow Eyeliner Brow Mascara Lips :Lipstick Lip Paint Lip Gloss Lipliner Nails:Nail Treatment Nail Enamel Nail Art Enamel Dry & Shine Hand & Nail Butter Nail Enamel Remover Nail Polish Corrector
  • 7. PRICE LIST 20 PLN 29 TL 19 TL22 PLN 25 TL30 PLN 33 TL32 PLN
  • 8. 29 PLN 33 TL 27 PLN 39 TL 26 PLN 47 TL30 tl25 PLN
  • 9. PLACE We are entering the new market and there is something to do. Question is ’’ what is the best way for the distributing?’’ We have a product and we would like to be shareholder in the market. We must establish good distrubuting channels. Firstly we can establish branch system for the places which are selling cosmetic products. We will need a warehouses in Istanbul, Ankara, Izmir and Antalya. They are cities which are the most crowded in Turkey. And Turkey has a developed cargo system so we can easily transfer to another cities of Turkey from these places. Also we will establish a web site which will involve every detail and kind of our product and we desire to reach all of the people in Turkey by the this way.
  • 10. Also, we think to attend some international and domestic organization such as İzmir International Fair ( during 10 days), Istanbul Beauty & Care Fairs (4 times per year) and Ankara Shopping Fest(almost 1 month). These organizations are aroused interest by foreign investors ,turists and native people so these organizations can help us to reach the people easily.
  • 11.  It is important to keep our product in market. Internet and television is the common communication tools. We belive that Inglot will succeed at cosmetic sector in Turkey thank to tradition and many years of experience in cosmetic production.We must have an advertisement in the beginning in this way we are easily accessible to everyone. Also , we desire to reach to our costumer by using catalog .  On the other hand we should apply discount on special days (valentine day, mother’s day etc.)
  • 12.  Print Advertising: Magazines such as Elle, Cosmopolitan Hey Girl  Digital Adv.: e-mail marketing:in the from of attractive e-brochures to the prospective clients. social media marketing: facebook application which would enable users to share various nail polish design using their own pictures and also contest on Instagram is a great way for communication.  Saloon owners meet: The Inglot team should organise a meet for the owners of big saloons. After the meeting should give VIP discount card in this way they can use our products at their saloon.  Bilboard in almost all Metropolitan as well as Cosmopolitan cities.  Word of mouth - the best form of advertising because 70% of consumers trust peer recommendations and only 18% trust advertisements. Flyers distribution to get recommendations – to get a positive effect on the business. Encourage people to talk about us.
  • 13.
  • 14. The strong points of the Inglot :  Tradition and many years of experience in cosmetics production  Top world-class quality of the products  A complex production basis with access to qualified staff  A complex scientific base and growing investments in research and development  The Inglot’s producers’ long experience on international markets  Experience in contractual production  Flexibility and the ability to adapt  Highly-developed company of industry supporting the production of cosmetics
  • 15.  The sales are slow moving because of decreased consumer spending.  Not fully effective communication and management of tasks and connections between the numerous divisions of the company  Women are scared of taking risks and letting go of their traditional and previously used products. So much more work and effort should be put in the advertising department.
  • 16.  The company covers the needs of women of all ages and all social classes.  Inovation  Product and services expansion  The increase in the focus and importance of beauty care in the Turkey.
  • 17.  Competition  Price wars  Saturation of market  Market leaders that dominate the cosmetic industry.
  • 18.
  • 19. Political Analysis, Turkey has a free market economy and also it is possible directly foreign investment in Turkey. On the other hand, it is important that stability in Turkey is so good situation , however developing economy shows us that Turkey is one of the most convenient countries to invest today’s world.
  • 20. Economic Factors, Let’s reseach the trade relations between Turkey and Poland and information about Poland’s cosmetic import . You can see the information about import, export, balance and volume year to year in the below table between Turkey and Poland.
  • 21. YEARS IMPORT EXPORT BALANCE VOLUME 2006 1.060 1.437 -377 2497 2007 1.436 1.646 -210 3082 2008 1.587 1,978 -391 3565 2009 1.322 1,817 -495 3139 2010 1,504 2,621 -1117 4125 2011 1.758 3.496 -1738 5254 2012 1.854 3.058 -1204 4912 You can see the increase in developing trade volume between Turkey and Poland. During six years trade volume increaced from 2.500 to 5000.
  • 22.
  • 23.
  • 24. As is seen that share of import to Turkey is one of the lowest amount among these countries so our target is to increase the this low share of Turkey and to contribute the Poland’s import volume.
  • 25. Social-culturel factors Turkey’s population is approximately 76 million now and as is seen in the table structure of Turkey’s population is so young. If we mention about the population of sex, population of female is approximately 38 million and 19 million of it is between 14 -45 years old. Population of male is almost same. As is seen, Turkey is so suitable market for cosmetic sector and we belive that we will succeed at this market with Tradition and many years of experience in cosmetics production Social-culturel factors Turkey’s population is approximately 76 million now and as is seen in the table structure of Turkey’s population is so young. If we mention about the population of sex, population of female is approximately 38 million and 19 million of it is between 14 -45 years old. Population of male is almost same. As is seen, Turkey is so suitable market for cosmetic sector and we belive that we will succeed at this market with tradition and many years of experience in cosmetics production
  • 26. Technological factors, Today’s world internet is very common tool and we can use it for everything.We can establish web site for product and make a online sell for part of Turkey.Our product should produce in a healthy environment so we need a technology.We can determine quality and realibility.
  • 27.  Sustainable/green packaging  Recycling/disposal of by-products  Concern for deforestation
  • 28.  New chemical legislation in the EU: from 2008 chemicals imported into Europe in amounts at 1 tonne per year (including mixtures) will need to be registered with anew European Chemical Agency (ECHA) in Helsinki.  Ban on the sale and marketing of animal-tested cosmetic products through out the EU from March 2009. SOURCE : Health and Safety
  • 30. 10 Reason to Invest in Turkey 1-Successful Economy :  Booming economy; more than tripling its GDP, reaching USD 786 billion in 2012, up from USD 231 billion in 2002  Stable economic growth with an average annual real GDP growth rate of 5 percent over the past decade.  16th largest economy in the world and 6th largest economy compared with the EU in 2012 2-Population  A population of 76 million  Largest youth population compared with the EU  Half the population under the age 30.1  Young, dynamic, well-educated and multi-cultural population
  • 31. 3-Liberal and reformist investment climate 4- Centrally located 5- Qualified and compatitive labor force 6-Infrastructure 7- Low taxes and incentives 8- Energy corridor and termınal of Europe 9- Customs Union wıth the EU since 1996 10- Large domestic market
  • 32. In the period of 1950-1960 being the first step of industrialization process of Turkey, the sector activities have first started with the efforts of foreign investors or multinationals aimed at penetration into the Turkish market with their products, and the sector mainly dominated by import goods at the beginning has gradually proceeded towards the local industry. However, the dependence on foreign sources for active ingredients or raw materials has continued till date and is still continuing. -Thanks to its continuously improving R&D and production abilities, Turkish cosmetics sector has being gained a considerable competitive power. Optimal quality and cost alternatives are provided by the sector both for domestic and foreign buyers Cosmetic sector in Turkey In the period of 1950-1960 being the first step of industrialization process of Turkey, the sector activities have first started with the efforts of foreign investors or multinationals aimed at penetration into the Turkish market with their products, and the sector mainly dominated by import goods at the beginning has gradually proceeded towards the local industry. However, the dependence on foreign sources for active ingredients or raw materials has continued till date and is still continuing. -Thanks to its continuously improving R&D and production abilities, Turkish cosmetics sector has being gained a considerable competitive power. Optimal quality and cost alternatives are provided by the sector both for domestic and foreign buyers
  • 33. Market strategy Although the cosmetic market in Turkey as known to be large but we have to do market research to learn that if conducted to determine whether that market would be suitable for our products. Also we have to find the right price strategy for our products. Having identified the product range and its acceptability to Turkish consumers it was then possible for our company to forecast the potential sales which could be achieved in Turkey. This information, together with estimates of the costs involved in setting up and running the manufacturing operation, enabled the company to determine that the project is financially viable. That will show us how much financial resources we need for this investment.