SlideShare a Scribd company logo
“Introducing…. the “V-Bra”
The Team
CEO:	
  Valerie	
  Saint	
  Sing	
  	
  
Project	
  Manager:	
  Samantha	
  Shleffar	
  
Product	
  Development:	
  Savannah	
  Hardy	
  &	
  McKenzie	
  Muckerman	
  
Marketing:	
  Katherine	
  Thomas	
  &	
  Katie	
  Wood	
  	
  
Financials:	
  Taylor	
  Fousek	
  &	
  Lauren	
  Tuscano	
  
Overview
•  The	
  Idea	
  
•  The	
  Product	
  
•  The	
  Market	
  
•  Marketing	
  Strategies	
  &	
  Budget	
  
•  Competition	
  &	
  SWOT	
  
•  Financials	
  
•  Conclusion	
  
The Idea
●  Void in the market
●  Noticed women holding phones while running
●  Origin of name: “Valerie” stands for “Woman
of Strength”
The Product
•  Created using a nylon/spandex blend
fabric
•  Includes a pocket to hold cell-phone/
miscellaneous goods
•  Pocket is layered with radiation blocking
material
•  Offered in an array of colors and a normal
size range XS-XL
•  Introduce a signature print within the first
year
The Target Market
•  18-35 years old
•  Active females
•  Looking for comfort, fit, and performance
•  Demand for fashionable activewear
•  Combining technology and active wear
The Market
●  Athletic apparel market worth
over $30 billion
●  Expected to grow to $126
billion by 2015
●  Athletic apparel market grows
at a more rapid pace than
other apparel
The Market Trends
•  More women participating in healthier lifestyles
•  Sports apparel is now a part of everyday lives
•  Demand for more versatile activewear with
wider functionability
•  Innovation, style, and performance are key
Marketing Strategies
•  Launch website
•  Saturate Social Media
•  Grow into department stores
•  Create an ambassador program
•  Sponsor athletes
•  Promotional Events
Marketing Budget
•  Social media
o  Facebook
o  Instagram
o  Twitter
•  Ambassador Program
o  Labeled accessories
o  College rep gear
o  Seperate social media
accounts
The Competition
•  Athleta:
o  similar pricing strategy and market
o  sub-brand under an established brand
o  distribution through online, catalogs, stores
•  Champion:
o  competitive pricing
o  strong research and development team
o  separate sports bra website
•  Under Armour:
o  brand recognition
o  innovative fabric technologies
o  sponsored athletes & teams
o  many event sponsorships
Strengths
- fashionable patterns and colors
-functional need for sports bra
- radiation blocking material
Weaknesses
-At this point can only be used by
women
-New to market, will require lots of
research testing
-Entering a highly saturated market
Opportunities
-Expansion in new markets
- The athletic apparel industry is
starting to focus more on women
Threats
-Large competitors could enter market
with “smart” fiber technology
- Big name brands already have loyal
consumer base
Goals and Objectives: 3 Year Milestone
•  Goals:
o  Increase awareness through promotional events and saturated media.
o  Encourage philanthropic participation
o  Increase sales each quarter by marketing our innovative sports bra, the V-
Bra, which enhances women’s workout experiences.
•  Objectives:
o  Increase product awareness by having 3000 “likes” on our Facebook page
800 “followers” on our Instagram, and 400 “followers” on Twitter.
o  Create a need and spread the word for our product by starting an
ambassador program on University campuses
o  Create a loyal customer base by having 35% of our first-time customers
come back for a second purchase.
Controls
•  Product testing through various womens sports teams at
NCSU
•  Re-design based on feedback
•  Tracking studies
•  Website traffic
•  Increase marketing budget by 15% after first three year if
there is substantial growth
Financials
•  First year: Launch website,
begin patenting process
•  Second year: secure office
space
•  Third year: Flagship store
Financials
•  V-Bra being sold at a
minimum of $40
•  Radiation blocking
mesh: $18.95 per
foot, nylon/spandex:
$9 per yard
•  Price of material per
V-Bra: $13.50
Conclusion
References
Gap Unveils Athleta Campaign. (2012). WWD: Women's Wear Daily, 203(3), 3-1.
Mehta, S. N. (2009). Under Armour Reboots. Fortune, 159(2), 29-33.
(n.d.). Retrieved from http://www.championsportsbras.com
(n.d.). Retrieved from http://www.lessemf.com/fabric.html

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Innovative_MarketingProject

  • 2. The Team CEO:  Valerie  Saint  Sing     Project  Manager:  Samantha  Shleffar   Product  Development:  Savannah  Hardy  &  McKenzie  Muckerman   Marketing:  Katherine  Thomas  &  Katie  Wood     Financials:  Taylor  Fousek  &  Lauren  Tuscano  
  • 3. Overview •  The  Idea   •  The  Product   •  The  Market   •  Marketing  Strategies  &  Budget   •  Competition  &  SWOT   •  Financials   •  Conclusion  
  • 4. The Idea ●  Void in the market ●  Noticed women holding phones while running ●  Origin of name: “Valerie” stands for “Woman of Strength”
  • 5. The Product •  Created using a nylon/spandex blend fabric •  Includes a pocket to hold cell-phone/ miscellaneous goods •  Pocket is layered with radiation blocking material •  Offered in an array of colors and a normal size range XS-XL •  Introduce a signature print within the first year
  • 6. The Target Market •  18-35 years old •  Active females •  Looking for comfort, fit, and performance •  Demand for fashionable activewear •  Combining technology and active wear
  • 7. The Market ●  Athletic apparel market worth over $30 billion ●  Expected to grow to $126 billion by 2015 ●  Athletic apparel market grows at a more rapid pace than other apparel
  • 8. The Market Trends •  More women participating in healthier lifestyles •  Sports apparel is now a part of everyday lives •  Demand for more versatile activewear with wider functionability •  Innovation, style, and performance are key
  • 9. Marketing Strategies •  Launch website •  Saturate Social Media •  Grow into department stores •  Create an ambassador program •  Sponsor athletes •  Promotional Events
  • 10. Marketing Budget •  Social media o  Facebook o  Instagram o  Twitter •  Ambassador Program o  Labeled accessories o  College rep gear o  Seperate social media accounts
  • 11. The Competition •  Athleta: o  similar pricing strategy and market o  sub-brand under an established brand o  distribution through online, catalogs, stores •  Champion: o  competitive pricing o  strong research and development team o  separate sports bra website •  Under Armour: o  brand recognition o  innovative fabric technologies o  sponsored athletes & teams o  many event sponsorships
  • 12. Strengths - fashionable patterns and colors -functional need for sports bra - radiation blocking material Weaknesses -At this point can only be used by women -New to market, will require lots of research testing -Entering a highly saturated market Opportunities -Expansion in new markets - The athletic apparel industry is starting to focus more on women Threats -Large competitors could enter market with “smart” fiber technology - Big name brands already have loyal consumer base
  • 13. Goals and Objectives: 3 Year Milestone •  Goals: o  Increase awareness through promotional events and saturated media. o  Encourage philanthropic participation o  Increase sales each quarter by marketing our innovative sports bra, the V- Bra, which enhances women’s workout experiences. •  Objectives: o  Increase product awareness by having 3000 “likes” on our Facebook page 800 “followers” on our Instagram, and 400 “followers” on Twitter. o  Create a need and spread the word for our product by starting an ambassador program on University campuses o  Create a loyal customer base by having 35% of our first-time customers come back for a second purchase.
  • 14. Controls •  Product testing through various womens sports teams at NCSU •  Re-design based on feedback •  Tracking studies •  Website traffic •  Increase marketing budget by 15% after first three year if there is substantial growth
  • 15. Financials •  First year: Launch website, begin patenting process •  Second year: secure office space •  Third year: Flagship store
  • 16. Financials •  V-Bra being sold at a minimum of $40 •  Radiation blocking mesh: $18.95 per foot, nylon/spandex: $9 per yard •  Price of material per V-Bra: $13.50
  • 18. References Gap Unveils Athleta Campaign. (2012). WWD: Women's Wear Daily, 203(3), 3-1. Mehta, S. N. (2009). Under Armour Reboots. Fortune, 159(2), 29-33. (n.d.). Retrieved from http://www.championsportsbras.com (n.d.). Retrieved from http://www.lessemf.com/fabric.html