10 Step Marketing Plan
Restor-F Vitamins
CJ Villafuerte
January 2011
CJQV
ASM+PH 2012
Outline
I. Primary Target Market
II. Needs, Wants, Demands
III. Competition
IV. Gap, Position, Opportunity
V. Market Size
VI. Product
VII. Promotion
VIII. Price
IX. Place
X. Generic Winning Strategy
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Primary Target Market
 Restor-F PTM are “energy seeking teens and
adults”
 Who want to be:
 Active
 Be free of disease
 Improved Function
 Can choose Centrum, Clusivol, Enervon, etc.
 Gap is all other brands focus on other vitamin
combinations and savings
 The market size is P2 Billion, Restor-F niche is P10
million
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ASM+PH 2012
Marketing Mix & Strategy
 Restor-F softgel capsule
 Is 300% premium
 Uses the internet
 Is distributed nationwide
 Uses a differentiation approach to win
Positioning to the Primary Target
Market
Part 1:
Steps 1 to 5
Restor-F Primary Target Market are
“energy-seeking adults”
 Demographics (teens & adults, 14-59, M/F, social
class ABC, single/married)
 Lifestyle (studying, just starting work, working,
retired)
 Behavior (one capsule once a day)
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Influencing Buyer Behavior
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I will be able to see
my full potential,
if I am healthy.
I have a
responsibility
to be healthy
My PTM’s Needs, Wants, Demands
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 Teens & Adults need to fulfill their
responsibilities, self-actualization
 Teens & Adults choose Restor-F over other
vitamins because of price, product mix and
FDA approval
 Teens & Adults expect more energy,
restored performance despite declining
mental and physical function, including
less disease and stress
Restor-F has many formidable
competitors
 Direct: Centrum, Stresstabs, Clusivol,
Enervon, Pharmaton, Polynerv etc.
 Indirect: Fad or Healthy Diets/Lifestyles,
Health Drink
 Variables: Age, Price, Packaging, availability,
occasion of use, brand, Product mix
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Restor-F: Multivitamin High Priced-
Product with Unique Constituents
Low Price High Price
Modest MultiVitamin
Formulation
Increased MultiVitamin
Formulation
Increased Vitamin
Formulation with
Unique Constituent
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Clusivol Enervon
Centrum
Restor-F
Restor-F unique positioning is
shown in this competitive map
Centrum Clusivol Enervon Restor-F
Increased Energy ++ ++ ++ ++
Enhanced
Immune System
++ ++ ++ ++
Treatment &
Prevention of
Vitamin/Mineral
Deficiency
++ ++ ++
Maintains strong
bones
++
Restore Efficient
Performance
++
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Restor-F Positions in a
Differentiation Market Opportunity
 Restor-F is the only multivitamin with
comprehensive combination of:
 Taurine Chlorella, Ginseng, Rutin, Folic Acid and
Lecithin
 For adults
 Who want more vigor/stamina, restored mental
and physical function and less disease/stress
 No brand has a similar product combination
 Others focus on low prices and other combinations
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Market Size: Competitor Data
 Unilab claims 20% market share of total
Philippine pharmaceutical industry
 Estimate that Vitamin Market share is 5%
 Estimate of P250, 000, 000 Revenue
from Vitamins
 Market Size: P5 Billion
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Market Size: Company Data
 Folares Pharmaceuticals, Inc Data:
Restor-F sales at P10M
 Market Share Data: Estimate of 0.5%
market share
 Market Size = P10 M / 0.005 = P2 B
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Market Size: Customer Data
 Vitamin Usage:
 61 Million Population 14-64 Age Group take
1 Multivitamin each day at P5.00
 61 x 1 x 5 = $305 Million (at the minimum)
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Conclude that vitamin market is …
 Competitor data: P5 Billion
 Company data: P2 Billion
 Usage data: <$305 Million
 Average Market Size: P2, 435, 000, 000
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The Marketing Mix
Strategy
Part 2:
Steps 6 to 10
The Vitamin Industry is dominated
by several brands
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Product Description
 Restor-F is a brownish softgel capsule that contains
taurine, Chlorella pyrenoidosa powd, Korean Panax
ginseng, rutin, lecithin, folic acid, retinyl palmitate
(A), thiamine nitrate (B1), riboflavin (B2),
pyridoxine HCl (B6), nicotinamide (B3),
cyanocobalamin (B12), ascorbic acid (C),
cholecalciferol (D3), dl-α-tocopheryl acetate (E),
calcium, iron, zinc. It also contains the following
excipients: Vegetable oil, beeswax and soya oil.
 It is sold in 2 packages (30’s and 100’s)
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Price – Close-up is % premium
priced on Generic Brands
 Pack of 30 = P516.09
 Pack of 100 = P1720.29
Restor-F is priced at 300% higher than
leading brands with aim of maximizing
profits through its differentiation
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Promotion
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Promotion
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Competitor Promotion
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Competitor Promotion
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Competitor Promotion
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Distributed Nation-Wide using
Folares Pharmaceuticals, Inc.
 Drug-stores (Mercury)
 Nation-Wide
 Pick-up by Customers
 Cash and credit transaction
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Generic Winning Strategy
 Low Cost Producer
 Supply and Distribution Leverage
 Differentiation
 Niche
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Restor-F is a Unique
 Restor-F’s main strategy is to
distinguish itself apart from the other
adult vitamin products in the market
 It benefits from uniqueness of the
vitamin combination it offers
 Has an excellent, reasonably-priced
product distributed nation-wide
CJQV
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Summary
Primary Target Market
 Restor-F PTM are “energy seeking teens and
adults”
 Who want to be:
 Active
 Be free of disease
 Improved Function
 Can choose Centrum, Clusivol, Enervon, etc.
 Gap is all other brands focus on other vitamin
combinations and savings
 The market size is $2 Billion, Restor-F niche is $10
million
CJQV
ASM+PH 2012
Marketing Mix & Strategy
 Restor-F softgel capsule
 Is 300% premium
 Uses the internet
 Is distributed nationwide
 Uses a differentiation approach to win
References
 Note: Data of the just described
products came from public internet
websites and public sources
 http://folarespharma.com/index.htm
 http://www.unilab.com.ph/
 http://centrum.com/
 http://mims.com
10 Step Marketing Plan
Vitamin Industry
CJ Villafuerte
January 2011
CJQV
ASM+PH 2012

10 step marketing plan

  • 1.
    10 Step MarketingPlan Restor-F Vitamins CJ Villafuerte January 2011 CJQV ASM+PH 2012
  • 2.
    Outline I. Primary TargetMarket II. Needs, Wants, Demands III. Competition IV. Gap, Position, Opportunity V. Market Size VI. Product VII. Promotion VIII. Price IX. Place X. Generic Winning Strategy CJQV ASM+PH 2012
  • 3.
    Primary Target Market Restor-F PTM are “energy seeking teens and adults”  Who want to be:  Active  Be free of disease  Improved Function  Can choose Centrum, Clusivol, Enervon, etc.  Gap is all other brands focus on other vitamin combinations and savings  The market size is P2 Billion, Restor-F niche is P10 million CJQV ASM+PH 2012
  • 4.
    Marketing Mix &Strategy  Restor-F softgel capsule  Is 300% premium  Uses the internet  Is distributed nationwide  Uses a differentiation approach to win
  • 5.
    Positioning to thePrimary Target Market Part 1: Steps 1 to 5
  • 6.
    Restor-F Primary TargetMarket are “energy-seeking adults”  Demographics (teens & adults, 14-59, M/F, social class ABC, single/married)  Lifestyle (studying, just starting work, working, retired)  Behavior (one capsule once a day) CJQV ASM+PH 2012
  • 7.
    Influencing Buyer Behavior CJQV ASM+PH2012 I will be able to see my full potential, if I am healthy. I have a responsibility to be healthy
  • 8.
    My PTM’s Needs,Wants, Demands CJQV ASM+PH 2012  Teens & Adults need to fulfill their responsibilities, self-actualization  Teens & Adults choose Restor-F over other vitamins because of price, product mix and FDA approval  Teens & Adults expect more energy, restored performance despite declining mental and physical function, including less disease and stress
  • 9.
    Restor-F has manyformidable competitors  Direct: Centrum, Stresstabs, Clusivol, Enervon, Pharmaton, Polynerv etc.  Indirect: Fad or Healthy Diets/Lifestyles, Health Drink  Variables: Age, Price, Packaging, availability, occasion of use, brand, Product mix CJQV ASM+PH 2012
  • 10.
    Restor-F: Multivitamin HighPriced- Product with Unique Constituents Low Price High Price Modest MultiVitamin Formulation Increased MultiVitamin Formulation Increased Vitamin Formulation with Unique Constituent CJQV ASM+PH 2012 Clusivol Enervon Centrum Restor-F
  • 11.
    Restor-F unique positioningis shown in this competitive map Centrum Clusivol Enervon Restor-F Increased Energy ++ ++ ++ ++ Enhanced Immune System ++ ++ ++ ++ Treatment & Prevention of Vitamin/Mineral Deficiency ++ ++ ++ Maintains strong bones ++ Restore Efficient Performance ++ CJQV ASM+PH 2012
  • 12.
    Restor-F Positions ina Differentiation Market Opportunity  Restor-F is the only multivitamin with comprehensive combination of:  Taurine Chlorella, Ginseng, Rutin, Folic Acid and Lecithin  For adults  Who want more vigor/stamina, restored mental and physical function and less disease/stress  No brand has a similar product combination  Others focus on low prices and other combinations CJQV ASM+PH 2012
  • 13.
    Market Size: CompetitorData  Unilab claims 20% market share of total Philippine pharmaceutical industry  Estimate that Vitamin Market share is 5%  Estimate of P250, 000, 000 Revenue from Vitamins  Market Size: P5 Billion CJQV ASM+PH 2012
  • 14.
    Market Size: CompanyData  Folares Pharmaceuticals, Inc Data: Restor-F sales at P10M  Market Share Data: Estimate of 0.5% market share  Market Size = P10 M / 0.005 = P2 B CJQV ASM+PH 2012
  • 15.
    Market Size: CustomerData  Vitamin Usage:  61 Million Population 14-64 Age Group take 1 Multivitamin each day at P5.00  61 x 1 x 5 = $305 Million (at the minimum) CJQV ASM+PH 2012
  • 16.
    Conclude that vitaminmarket is …  Competitor data: P5 Billion  Company data: P2 Billion  Usage data: <$305 Million  Average Market Size: P2, 435, 000, 000 CJQV ASM+PH 2012
  • 17.
  • 18.
    The Vitamin Industryis dominated by several brands CJQV ASM+PH 2012
  • 19.
    Product Description  Restor-Fis a brownish softgel capsule that contains taurine, Chlorella pyrenoidosa powd, Korean Panax ginseng, rutin, lecithin, folic acid, retinyl palmitate (A), thiamine nitrate (B1), riboflavin (B2), pyridoxine HCl (B6), nicotinamide (B3), cyanocobalamin (B12), ascorbic acid (C), cholecalciferol (D3), dl-α-tocopheryl acetate (E), calcium, iron, zinc. It also contains the following excipients: Vegetable oil, beeswax and soya oil.  It is sold in 2 packages (30’s and 100’s) CJQV ASM+PH 2012
  • 20.
    Price – Close-upis % premium priced on Generic Brands  Pack of 30 = P516.09  Pack of 100 = P1720.29 Restor-F is priced at 300% higher than leading brands with aim of maximizing profits through its differentiation CJQV ASM+PH 2012
  • 21.
  • 22.
  • 23.
  • 24.
  • 25.
  • 26.
    Distributed Nation-Wide using FolaresPharmaceuticals, Inc.  Drug-stores (Mercury)  Nation-Wide  Pick-up by Customers  Cash and credit transaction CJQV ASM+PH 2012
  • 27.
    Generic Winning Strategy Low Cost Producer  Supply and Distribution Leverage  Differentiation  Niche CJQV ASM+PH 2012
  • 28.
    Restor-F is aUnique  Restor-F’s main strategy is to distinguish itself apart from the other adult vitamin products in the market  It benefits from uniqueness of the vitamin combination it offers  Has an excellent, reasonably-priced product distributed nation-wide CJQV ASM+PH 2012
  • 29.
  • 30.
    Primary Target Market Restor-F PTM are “energy seeking teens and adults”  Who want to be:  Active  Be free of disease  Improved Function  Can choose Centrum, Clusivol, Enervon, etc.  Gap is all other brands focus on other vitamin combinations and savings  The market size is $2 Billion, Restor-F niche is $10 million CJQV ASM+PH 2012
  • 31.
    Marketing Mix &Strategy  Restor-F softgel capsule  Is 300% premium  Uses the internet  Is distributed nationwide  Uses a differentiation approach to win
  • 32.
    References  Note: Dataof the just described products came from public internet websites and public sources  http://folarespharma.com/index.htm  http://www.unilab.com.ph/  http://centrum.com/  http://mims.com
  • 33.
    10 Step MarketingPlan Vitamin Industry CJ Villafuerte January 2011 CJQV ASM+PH 2012

Editor's Notes

  • #11 8.62 centrum 4.76 clusivol 4.95 enervon
  • #12 8.62 centrum 4.76 clusivol 4.95 enervon
  • #14 Being there for them during occasions or ordinary days.
  • #15 Being there for them during occasions or ordinary days.
  • #16 Being there for them during occasions or ordinary days.
  • #17 Being there for them during occasions or ordinary days.
  • #28 Edge & Groves, The Ethics of Health Care, 3rd Ed., 2006