4. Situation Analysis
Strengths
● Plug and Play relationship
● Smartphone app
● Low energy usage
● Multiple color/plant options
Weaknesses
● Maintenance of plant
● Could be too “targeted”
● Questionable effectiveness
● High consumer involvement
needed
Opportunities
● Health-conscious people living
in urban areas
● Only product of its kind
● Accessories and additional
Clairys
SWOT
Threats
● No warranty
● No patents
● Market segment for this product
is ultimately very small
7. Target Market
Green generation (millennials)
○ Born between 1977-1992
Nielsen online study
○ More likely to spend on products that are more sustainable
8. Market Size
Population of millennials is
about 77 million
Buy eco-friendly products
5% increase from 2009 to
2012
Millennials are the most tech-
Market size
$3.0bn
9. Targeting Strategy
Two Phase Price-Skimming strategy
Phase one: Concentrated Strategy
Easier to target “green generation”
Not everyone will be interested in this product
Phase two: Differentiated Goldilocks Strategy
10. Positioning
First phase:
High quality / high price
Will have single price tier
Higher price than competitors
Modern design and up-to-date technology
Second Phase:
Multiple product tiers
14. Product –- Clairy
Smart flowerpot
All-natural air purifier
Eliminates toxins in air
Several color and plant options
Mobile air quality reports
Good, better, best product line
16. Place -- Distributing Clairy
Initial Placement:
High-end design website / showrooms
Second Phase Placement:
Clairy Lite™ - Wide distribution, potentially big box compatible, Amazon, Direct sales
Clairy™ - Piggyback on Clairy lite distribution, Amazon, Direct sales,
Clairy Lux™ - Use original high-end sales channels
17. Promotion -- Advertising Clairy
Initial Promotion Strategy -
Crowdfunding momentum
social media marketing
PPI/PPC visual ads
Second Phase Promotion Strategy -
Clairy Lite™ - Provide high margins and provide funds for co marketing efforts
18.
19. Conclusion & Recommendations
High potential for success
Multi-phase, price skimming strategy
Good-better-best model
Best strategy for overcoming
weaknesses and threats