2. Overview and Background
▶ Overview
▶ Purpose: The purpose of this presentation is to show how Health Box Inc will plan
and implement our marketing strategy for the first five years. This detailed plan will
describe our product and its price, where it will be sold, and how we will promote it.
Background
About Us: We at Health Box Inc. are committed to helping children across the
globe have a healthier life one meal at a time. Childhood obesity rates are at an all
time high and it is leading to a myriad of other health problems for children
everywhere. Parents today are stuck between giving their child a nutritional meal
and saving time, but with the Health Box, they won’t have to choose. Our easy to
use app and mobile website will grant easy access to healthy lifestyles for parents
and children.
Mission Statement: To help parents raise healthy children all across the globe.
3. Target Customer: Our target customer
is upper middle class parents with
young children between the ages of 4
and 12.
Need: Childhood obesity rates are at
an all time high and parents know this.
By creating a product that saves time
and promotes a healthy lifestyle we are
tapping into an ever increasing needs
for parents across the nation.
Top 3 Competitors:
Thermos
Strengths: They have a variety of products and a well known
name.
Weaknesses: They aren’t associated with health factors.
L.L. Bean
Strengths: They have a lot of customizable options.
Weaknesses: They are have more plain designs.
Igloo
Strengths: They are very well established in physical stores such as
Target and Walmart
Weaknesses: They are of lower quality and will not last as long.
What really sets The Health Box ahead of the competitors is the health
factors. In order to maintain our place in the conceptual map is to focus
on the health benefits associated with our product.
L.L.
Bean
The Health Box
Health Benefits
Price
Igloo
Thermos
Perceptual Map:
Target
Customer/Competitors
4. Product
Name: The Health Box
Product Definition: The Health Box is a
specially designed lunch box with specifically
sized compartments to meet a child’s daily
dietary needs.
Key Elements:
1. The specially designed compartments allow
parents to effortlessly pack healthy lunches for
their kids everyday. This will help to improve
obesity rates and health problems seen in kids.
2. The up-to-date designs and fun colors on
the outside of the lunch box will be a way to
keep kids interested in the product and will
make it the coolest lunchbox on the market.
3. The very affordable price will allow parents
from different socio-economic classes access to
the product for their children.
Place
Channel Options:
1. Instore: By placing the health box in physical
stores, parents will be able to purchase while
they are in stores buying other school supplies.
We expect this to be about 60-70% of our total
sales.
2. Mobile Site: The second option will be for
customers to purchase through our online
website. This will have more options and allow
for customization. There will be an easy to scan
QR code on the tag of the boxes in physical
stores for parents to scan in order to take them
to our site.
Potential
product a
customer could
buy.
https://www.yumboxlunch.com/wp-content/uploads/Lifestyle-Pastels-61-1024x682.jpg
5. Price
Strategies: There are two big ways that we will get our product and its value out to our customers:
1. Commercials: We will run commercials on children’s stations like Disney and Nickelodeon. This will get the
attention of children and their parents.
2. App Ads: The second way we will get out our name out to parents and kids is by running ads on gaming apps
that young children frequently play on their parents phone.
Our lunch boxes will cost $25.00*
In order to keep our sales up we will offer a promotion around the back to school time, buy three lunch
boxes, get the fourth one free.
Year Target Unit Sales Revenue Goals
1 30,000 $100,000
2 60,000 $350,000
3 75,000 $400,000
4 90,000 $600,000
5 100,000 $750,000
*Customizations will cost more
6. Promotion
Promotion:
1. TV: By placing commercials on channels that children frequently watch, we will get the attention of
not only parents, but children as well.
2. Magazine: By putting ads in magazines that young moms frequently browse we will be able to
effectively get the word out to parents about the health benefits of our product.
SEO: By incorporating the words, cheap, lunch box, affordable and healthy, we will be able to
optimize how our website pops up on search engines.
PPC: When our company first launches we will put about 75% of our advertising funds to PPC’s in
order to build our presence on the internet. After the second year we will decrease this amount year
by year and get it to about 15% by year 7.
Content marketing plan: Our focus will be on advertising because that is where we feel our
business will be most successful. If we do anything we will offer free health boxes to bloggers
so they can write about our product.
Social Media: The social media platform we intend on using is Pinterest. We will start our own
page as well as run promoted posts to pop up on people’s feeds.
Relationship marketing plan: There will be a feature on our website that will allow customers
to leave a review about their product in order to insight confidence in potential future
customers.
7. Conclusion
The Health Box is a simple product that speaks for itself, but it is a new
product so the main focus of our first years as a company will be building
our name through heavy advertising. By advertising the lunch box to both
children and parents we will be creating a huge demand for our product.
This demand will lead to big profits in years to come creating a thriving
company with happy investors.
Editor's Notes
Overview
Purpose: The Health Box Inc. is a new start up company and we plan to sell our own version of a lunch box called the Health Box. This presentation will show how we plan to market this product for the first five years in order to become a stable a thriving business. In this plan we will include a description of the product, how it will be priced, where we plan on selling it and how we plan to promote it.
Background
About Us: Our main goal at Health Box Inc. is to improve the lives of children through healthy eating habits. Childhood obesity rates are at all time highs and it's causing numerous other health issues in children that are following them to adulthood. Because parents nowadays are so busy it is hard to pack their child healthy lunches and we at Health Box Inc. know that. Our lunch boxes combine ease and healthy living in one great product.
Mission Statement: Our mission statement is, “To help parents raise healthy children all across the globe.”
Target Customer: By targeting parents with young children, we ensure that the parents are still a big part in the purchasing decision. Also targeting upper middle class parents we are targeting people who can afford to spend a little extra on their children’s lunch box.
Need: With childhood obesity rates rising and in turn different lifestyle related diseases as well, parents are looking for easy and quick ways to take care of their children. There are products that allow for speed and ease and there are products that promote a healthier lifestyle, but we are the product that combines the two. By targeting upper middle class parents we are targeting the people with the money to provide the extra things for their children. Every parent wants the best for their child and by tapping into that need we will be able to rely on emotional appeals to sell our product.
Our Competitors:
Thermos: Thermos is a very well established brand with loyal customers and a variety of product options, but they do tend to run on the more expensive side and they do not offer any health benefits.
L.L. Bean: They have a lot of customization options and they tend to run pretty average on price, but their designs are pretty plain. They tend to just offer solid colors. This is not something that necessarily excites young children.
Igloo: While Igloo runs on the cheaper end, they also have poorer quality items.
Obtaining and Maintaining our spot on the map:
Focusing on health benefits will be what sets us apart from our competitors. This is something that no one else on the market is really offering and in such a saturated market we need something that makes us different. Also we must focus on keeping the price down so that we can remain competitive in that aspect with our competitors.
Speaking Point:
Product:
Key elements
1 . Emphasize the size of the problem. Childhood obesity can cause much more serious illnesses not only in children, but also later on in adulthood.
2. Talk about how important it is to make sure that kids want the lunch box, not just the parents. Nowadays kids have a lot of power when it comes to what their parents buy for them.
3. Having a base product with the minimum compartments will allow more than just upper class parents to afford the product.
Place:
Instore
- This will be the bulk of our sales so it will be the bulk of our focus. Putting the lunch boxes beside the backpacks and school supplies will be the biggest asset we have. This means that the bulk of our sales will also happen during back to school time.
Mobile Site:
-Where we expect most of the online traffic to come from is from parents scanning the QR code from instore in order to find a lunch box that is sold our or to customize a lunch box.
Price
Strategies:
1 Commercials: Running upbeat and fun commercials on children’s stations will make our lunch boxes the ones to have. Also when the kids tell their parents about the super cool lunch box they want, they will watch the ad and see the health factors which will help get them on board.
2 App Ads: Kids are addicted to technology nowadays and placing these ads where they are likely to run across them will have the same affect as the commercials, but it will be more effective because parents can click the ad which will launch them to our mobile site.
Promotion: The buy three get one free add will hopefully cause parents to buy more lunch boxes either for their other children or for back up lunch boxes. By tempting people with free stuff they are more likely to purchase more items.
Promotion
1 TV: It is key to get the children on board with our lunch boxes by making them the cool lunch box to have. By running ads targeted at children on channels that they frequently watch we will establish our name as the “it” lunch box to have.
2 Magazine: Parenting magazines and lifestyle magazines are the best ones to run our ads in because those are the ones that mothers read the most. Whether they subscribe to them or they see them in waiting rooms or they read the while checking out at the grocery store, magazines are a great way to get our name and the benefits of our product out the parents.
SEO/PPC: Building an online presence will be crucial in our first years as a business. We live in an online world therefore for us to remain a competitive company we must remain up-to-date with our online presence.
Content Marketing Plan: Because we are a new company our main focus will be advertising in order to get our name out. The only thing that we could do that would be somewhat in this category is to give free lunch boxes to bloggers so that they can write about our product.
Social Media: Pinterest is a social media site frequented predominantly by woman most of whom are mothers or want to be mothers in the future. By having an account and running promoted ads we will be using the social media that will have the most impact on our target market.
Relationship Marketing Plan: When happy customers leave glowing reviews on our website it will significantly increase confidence in our future customers. Additionally if there are negative reviews we have the opportunity to improve where the customers feel we need to.
Conclusion:
This product is unique to the market and therefore will strive with the appropriate advertising. By getting our name out to the appropriate people we will establish a household name brand. Children and parents will agree that this is the lunch box for their family. This demand for our product will lead to healthier children and happy investors.