The consumer research proposal to introduce a new energy drink to the market was the final assignment for the Marketing 554/Consumer Behavior course during the MBA (marketing concentration) program.
The Assignment: You are the VP of Marketing Development for the TRIAAD Research Group, a full-service marketing research company.
Your client, has asked you to prepare a proposal to conduct an in-depth study of consumer behavior to analyze the market for their new high sugar, high caffeine energy drink.
You must develop marketing strategies to attract 18 to 25-year-old customers. Push it to the Limit Energy Drink has a $25 million advertising budget for the new product.
Please visit my blog at www.stephenzoeller.com
Follow me on twitter @stepzoellermktg
Pinterest @stephenzoeller
In my second-round interview, I presented 3 Viacom x Halo Top partnership strategies. They include on-air integration, tentpole sponsorship, and product licensing. This presentation earned me the Global Business Development internship in August 2017.
Presented at IAB Canada's X-Series: Metrics event on December 4, 2013, AdParlor highlighted their relationship with Molson Coors and how they harnessed weather data to send tailored ads to the brand's fans throughout the summer.
The consumer research proposal to introduce a new energy drink to the market was the final assignment for the Marketing 554/Consumer Behavior course during the MBA (marketing concentration) program.
The Assignment: You are the VP of Marketing Development for the TRIAAD Research Group, a full-service marketing research company.
Your client, has asked you to prepare a proposal to conduct an in-depth study of consumer behavior to analyze the market for their new high sugar, high caffeine energy drink.
You must develop marketing strategies to attract 18 to 25-year-old customers. Push it to the Limit Energy Drink has a $25 million advertising budget for the new product.
Please visit my blog at www.stephenzoeller.com
Follow me on twitter @stepzoellermktg
Pinterest @stephenzoeller
In my second-round interview, I presented 3 Viacom x Halo Top partnership strategies. They include on-air integration, tentpole sponsorship, and product licensing. This presentation earned me the Global Business Development internship in August 2017.
Presented at IAB Canada's X-Series: Metrics event on December 4, 2013, AdParlor highlighted their relationship with Molson Coors and how they harnessed weather data to send tailored ads to the brand's fans throughout the summer.
2015 in Review: A Social Media Benchmark & Content Summary for the Energy Dri...Zuum
A benchmark and content analysis of how energy drink brands performed in 2015 on Facebook, Twitter, Google+, YouTube, and Instagram. Brands analyzed are Red Bull, Monster Energy, Rockstar Energy Drink, Burn Energy Drink, and 5-Hour Energy.
Branding: Product Design in the Beverage Category
Formed Company name and logo, target market, features and benefits, competition, mental map, core brand associations, brand mantra, core values, what the company stands for, positioning grid, positioning statement, branding objectives, etc.
Using social media for marketing can enable small businesses to reach more customers. It's important to have a strong social media presence to tap into your customers interests. When implemented correctly, marketing with social media can bring your business remarkable success.
This gives a basic overview on how to use social media for marketing. Learn about each platform's key benefits, create a strategy, determine target market, and start connecting & building relationships.
This is a fully developed media plan for the Kashi brand focusing on their line of frozen pizza. This plan includes secondary as well as first-hand research, media choices and placement, as well as a budget analysis.
The new model for future marketing – Marketing 3.0 – treats customers not as mere consumers but multi–dimensional human beings that they are. Customers, in turn, are choosing companies and products that satisfy deeper needs for participation, creativity, community, and idealism. In Marketing 3.0, described about in creating products, services, and company cultures that inspire, include, and reflect the values of target customers. Explains the future of marketing, along with why most marketers are stuck in the past Examines companies that are ahead of the curve, famous for his "4 P′s of Marketing" In an age of highly aware customers, companies must demonstrate their relevance to customers at the level of basic values. Marketing 3.0 is the unmatched guide to getting out front of this new tide sweeping through the nature of marketing.
1Running head MARKETING PLAN AND SALES STRATEGY2Running hea.docxdrennanmicah
1
Running head: MARKETING PLAN AND SALES STRATEGY
2
Running head: MARKETING PLAN AND SALES STRATEGY
Marketing Plan and Sales Strategy
Amy E. Guy
Dr. Andrea Banto
Business 599
November 11, 2018
MARKETING PLANThe situation of the Existing Market
There exist different types and brands of beverages in Youngsville which are strong in their own way. Different types of people have different tastes of beverages they want which includes, but is not limited to the calorie levels and alcohol percentages whereas others are more sensitive about the side effects which might be caused by these beverages.
The current market situation in Youngsville, North Carolina is very competitive due to the existence of many giant non-alcoholic beverages companies which have colonized an enormous market share posing a threat to startups. These challenges elevate when these famous companies realize that a growing company has started to become a big competitor to them, hence channeling hefty resources to fight back.
Venturing into a market that is well established and full of giants such as is not an easy task. This will require the adoption of a well-founded marketing strategy that will enable us to maneuver through the unfair competition experienced in Youngsville.Target market
The total population of Youngsville, North Carolina is 18,336. Our company is targeting consumers of ages above 10 (This is about 95% of the total population) who want a life full of health. Our brands will serve as a suitable substitute to the existing but much expensive beverages enriched with vitamins and refreshing taste containing calorie and costly energy. The average income per household in Youngsville is $61,104, hence we have made our products considering the different existing economic strength of the people. Engineered with an immense level of quality to promote a healthier living, our products appeal greatly to people who want to support and be part of our company.Demographic Description
Age range: Any person above the age of 10.
Income Range: Persons with income above $ 1000.
Gender: Male, Female.
Social Class: Students, Working Class, Middle Class, Upper Class, Elite Class.
Lifestyle: Modern, Sports, Healthy Persons. Competition Assessment
We are a non-alcoholic beverage production company, a much-crowded venture, so our major competitors are giant companies such as PepsiCo, Nestle and Coca-Cola Company. Other competitors include Red bull and Dr. Pepper Snapple. The existing giant companies have wide market shares which they guard jealously hence they will not allow any other product to pose a threat against their products hence they will dedicate their effort and resources in suffocating their competitors in the market (Porter & E, 1989).
We have made our products to affordable, a way to pull the market since the same companies that offer similar bever.
2015 in Review: A Social Media Benchmark & Content Summary for the Energy Dri...Zuum
A benchmark and content analysis of how energy drink brands performed in 2015 on Facebook, Twitter, Google+, YouTube, and Instagram. Brands analyzed are Red Bull, Monster Energy, Rockstar Energy Drink, Burn Energy Drink, and 5-Hour Energy.
Branding: Product Design in the Beverage Category
Formed Company name and logo, target market, features and benefits, competition, mental map, core brand associations, brand mantra, core values, what the company stands for, positioning grid, positioning statement, branding objectives, etc.
Using social media for marketing can enable small businesses to reach more customers. It's important to have a strong social media presence to tap into your customers interests. When implemented correctly, marketing with social media can bring your business remarkable success.
This gives a basic overview on how to use social media for marketing. Learn about each platform's key benefits, create a strategy, determine target market, and start connecting & building relationships.
This is a fully developed media plan for the Kashi brand focusing on their line of frozen pizza. This plan includes secondary as well as first-hand research, media choices and placement, as well as a budget analysis.
The new model for future marketing – Marketing 3.0 – treats customers not as mere consumers but multi–dimensional human beings that they are. Customers, in turn, are choosing companies and products that satisfy deeper needs for participation, creativity, community, and idealism. In Marketing 3.0, described about in creating products, services, and company cultures that inspire, include, and reflect the values of target customers. Explains the future of marketing, along with why most marketers are stuck in the past Examines companies that are ahead of the curve, famous for his "4 P′s of Marketing" In an age of highly aware customers, companies must demonstrate their relevance to customers at the level of basic values. Marketing 3.0 is the unmatched guide to getting out front of this new tide sweeping through the nature of marketing.
1Running head MARKETING PLAN AND SALES STRATEGY2Running hea.docxdrennanmicah
1
Running head: MARKETING PLAN AND SALES STRATEGY
2
Running head: MARKETING PLAN AND SALES STRATEGY
Marketing Plan and Sales Strategy
Amy E. Guy
Dr. Andrea Banto
Business 599
November 11, 2018
MARKETING PLANThe situation of the Existing Market
There exist different types and brands of beverages in Youngsville which are strong in their own way. Different types of people have different tastes of beverages they want which includes, but is not limited to the calorie levels and alcohol percentages whereas others are more sensitive about the side effects which might be caused by these beverages.
The current market situation in Youngsville, North Carolina is very competitive due to the existence of many giant non-alcoholic beverages companies which have colonized an enormous market share posing a threat to startups. These challenges elevate when these famous companies realize that a growing company has started to become a big competitor to them, hence channeling hefty resources to fight back.
Venturing into a market that is well established and full of giants such as is not an easy task. This will require the adoption of a well-founded marketing strategy that will enable us to maneuver through the unfair competition experienced in Youngsville.Target market
The total population of Youngsville, North Carolina is 18,336. Our company is targeting consumers of ages above 10 (This is about 95% of the total population) who want a life full of health. Our brands will serve as a suitable substitute to the existing but much expensive beverages enriched with vitamins and refreshing taste containing calorie and costly energy. The average income per household in Youngsville is $61,104, hence we have made our products considering the different existing economic strength of the people. Engineered with an immense level of quality to promote a healthier living, our products appeal greatly to people who want to support and be part of our company.Demographic Description
Age range: Any person above the age of 10.
Income Range: Persons with income above $ 1000.
Gender: Male, Female.
Social Class: Students, Working Class, Middle Class, Upper Class, Elite Class.
Lifestyle: Modern, Sports, Healthy Persons. Competition Assessment
We are a non-alcoholic beverage production company, a much-crowded venture, so our major competitors are giant companies such as PepsiCo, Nestle and Coca-Cola Company. Other competitors include Red bull and Dr. Pepper Snapple. The existing giant companies have wide market shares which they guard jealously hence they will not allow any other product to pose a threat against their products hence they will dedicate their effort and resources in suffocating their competitors in the market (Porter & E, 1989).
We have made our products to affordable, a way to pull the market since the same companies that offer similar bever.
Modernizing Iconic Brands in the Digital Age - Social Media Masters SummitDigital Megaphone
Iconic brands Marie Callender’s, Orville Redenbacher’s and Reddi-wip have been adored by consumers for generations. But as a new era of shoppers comes of age, those brands are challenged to stay relevant. Conagra Brands is using a wide range of contemporary tactics and experiences to keep these brands fresh and dynamic.
Jon Harris, Senior Vice President & Chief Communications Officer at Conagra Brands will share how his team is breathing life into these classics and reaching a targeted audience though customer listening, relationship building and unique experiences.
Similar to Red Bull Energy Bites final presentation (20)
LF Energy Webinar: Electrical Grid Modelling and Simulation Through PowSyBl -...DanBrown980551
Do you want to learn how to model and simulate an electrical network from scratch in under an hour?
Then welcome to this PowSyBl workshop, hosted by Rte, the French Transmission System Operator (TSO)!
During the webinar, you will discover the PowSyBl ecosystem as well as handle and study an electrical network through an interactive Python notebook.
PowSyBl is an open source project hosted by LF Energy, which offers a comprehensive set of features for electrical grid modelling and simulation. Among other advanced features, PowSyBl provides:
- A fully editable and extendable library for grid component modelling;
- Visualization tools to display your network;
- Grid simulation tools, such as power flows, security analyses (with or without remedial actions) and sensitivity analyses;
The framework is mostly written in Java, with a Python binding so that Python developers can access PowSyBl functionalities as well.
What you will learn during the webinar:
- For beginners: discover PowSyBl's functionalities through a quick general presentation and the notebook, without needing any expert coding skills;
- For advanced developers: master the skills to efficiently apply PowSyBl functionalities to your real-world scenarios.
GraphRAG is All You need? LLM & Knowledge GraphGuy Korland
Guy Korland, CEO and Co-founder of FalkorDB, will review two articles on the integration of language models with knowledge graphs.
1. Unifying Large Language Models and Knowledge Graphs: A Roadmap.
https://arxiv.org/abs/2306.08302
2. Microsoft Research's GraphRAG paper and a review paper on various uses of knowledge graphs:
https://www.microsoft.com/en-us/research/blog/graphrag-unlocking-llm-discovery-on-narrative-private-data/
Elevating Tactical DDD Patterns Through Object CalisthenicsDorra BARTAGUIZ
After immersing yourself in the blue book and its red counterpart, attending DDD-focused conferences, and applying tactical patterns, you're left with a crucial question: How do I ensure my design is effective? Tactical patterns within Domain-Driven Design (DDD) serve as guiding principles for creating clear and manageable domain models. However, achieving success with these patterns requires additional guidance. Interestingly, we've observed that a set of constraints initially designed for training purposes remarkably aligns with effective pattern implementation, offering a more ‘mechanical’ approach. Let's explore together how Object Calisthenics can elevate the design of your tactical DDD patterns, offering concrete help for those venturing into DDD for the first time!
Securing your Kubernetes cluster_ a step-by-step guide to success !KatiaHIMEUR1
Today, after several years of existence, an extremely active community and an ultra-dynamic ecosystem, Kubernetes has established itself as the de facto standard in container orchestration. Thanks to a wide range of managed services, it has never been so easy to set up a ready-to-use Kubernetes cluster.
However, this ease of use means that the subject of security in Kubernetes is often left for later, or even neglected. This exposes companies to significant risks.
In this talk, I'll show you step-by-step how to secure your Kubernetes cluster for greater peace of mind and reliability.
Key Trends Shaping the Future of Infrastructure.pdfCheryl Hung
Keynote at DIGIT West Expo, Glasgow on 29 May 2024.
Cheryl Hung, ochery.com
Sr Director, Infrastructure Ecosystem, Arm.
The key trends across hardware, cloud and open-source; exploring how these areas are likely to mature and develop over the short and long-term, and then considering how organisations can position themselves to adapt and thrive.
DevOps and Testing slides at DASA ConnectKari Kakkonen
My and Rik Marselis slides at 30.5.2024 DASA Connect conference. We discuss about what is testing, then what is agile testing and finally what is Testing in DevOps. Finally we had lovely workshop with the participants trying to find out different ways to think about quality and testing in different parts of the DevOps infinity loop.
UiPath Test Automation using UiPath Test Suite series, part 4DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 4. In this session, we will cover Test Manager overview along with SAP heatmap.
The UiPath Test Manager overview with SAP heatmap webinar offers a concise yet comprehensive exploration of the role of a Test Manager within SAP environments, coupled with the utilization of heatmaps for effective testing strategies.
Participants will gain insights into the responsibilities, challenges, and best practices associated with test management in SAP projects. Additionally, the webinar delves into the significance of heatmaps as a visual aid for identifying testing priorities, areas of risk, and resource allocation within SAP landscapes. Through this session, attendees can expect to enhance their understanding of test management principles while learning practical approaches to optimize testing processes in SAP environments using heatmap visualization techniques
What will you get from this session?
1. Insights into SAP testing best practices
2. Heatmap utilization for testing
3. Optimization of testing processes
4. Demo
Topics covered:
Execution from the test manager
Orchestrator execution result
Defect reporting
SAP heatmap example with demo
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
SAP Sapphire 2024 - ASUG301 building better apps with SAP Fiori.pdfPeter Spielvogel
Building better applications for business users with SAP Fiori.
• What is SAP Fiori and why it matters to you
• How a better user experience drives measurable business benefits
• How to get started with SAP Fiori today
• How SAP Fiori elements accelerates application development
• How SAP Build Code includes SAP Fiori tools and other generative artificial intelligence capabilities
• How SAP Fiori paves the way for using AI in SAP apps
Generative AI Deep Dive: Advancing from Proof of Concept to ProductionAggregage
Join Maher Hanafi, VP of Engineering at Betterworks, in this new session where he'll share a practical framework to transform Gen AI prototypes into impactful products! He'll delve into the complexities of data collection and management, model selection and optimization, and ensuring security, scalability, and responsible use.
Transcript: Selling digital books in 2024: Insights from industry leaders - T...BookNet Canada
The publishing industry has been selling digital audiobooks and ebooks for over a decade and has found its groove. What’s changed? What has stayed the same? Where do we go from here? Join a group of leading sales peers from across the industry for a conversation about the lessons learned since the popularization of digital books, best practices, digital book supply chain management, and more.
Link to video recording: https://bnctechforum.ca/sessions/selling-digital-books-in-2024-insights-from-industry-leaders/
Presented by BookNet Canada on May 28, 2024, with support from the Department of Canadian Heritage.
Epistemic Interaction - tuning interfaces to provide information for AI supportAlan Dix
Paper presented at SYNERGY workshop at AVI 2024, Genoa, Italy. 3rd June 2024
https://alandix.com/academic/papers/synergy2024-epistemic/
As machine learning integrates deeper into human-computer interactions, the concept of epistemic interaction emerges, aiming to refine these interactions to enhance system adaptability. This approach encourages minor, intentional adjustments in user behaviour to enrich the data available for system learning. This paper introduces epistemic interaction within the context of human-system communication, illustrating how deliberate interaction design can improve system understanding and adaptation. Through concrete examples, we demonstrate the potential of epistemic interaction to significantly advance human-computer interaction by leveraging intuitive human communication strategies to inform system design and functionality, offering a novel pathway for enriching user-system engagements.
When stars align: studies in data quality, knowledge graphs, and machine lear...
Red Bull Energy Bites final presentation
1.
2. To have 100,000 new customers, in our
target market ages 18-34, by the end of our
5-month campaign
To reach 85% of our target market
audience
› encouraging at least 50% to try Red Bull Energy
Bites.
To expose individuals in our target market to
at least 5 forms of Red Bull Energy Bites
advertisements over a 4-week period
3. Red Bull is a global leader in the energy
supplementation
Red Bull Energy Bites are the quickest,
most efficient way to grab a boost on
the go!
18-34 in age, specifically 24-34,
Males and females, students, and young
working individuals whom are constantly
on the go
4. Red Bull Energy Bites are the top of the
line energy “candies”
World-renowned brand
Pride our selves in releasing the most
innovative products
› Earlier then our competition
5. The dangers of over caffeinating
Energy supplements in the past have
lacked honesty on the contents
7. 50% (of the total $10,000,000 Budget)=
$5,000,000
Magazine Ads
54%
Billboard Ads
5%
TV ads
29%
Radio Ads
12%
Traditional Media ($5,000,000)
Magazine Ads ($2,307,584)
Billboard Ads ($20,000)
TV ads ($2,067,220)
Radio Ads ($615,196)
8. 40% (of the total $10,000,000 Budget)=
$4,000,000
Free Sampling
65%
Coupons
25%
Create Your Own
Commercial Contest
10%
Sales Promtions ($4,000,000)
Free Sampling ($2,600,000)
Coupons ($1,000,000)
Create Your Own Commercial
Contest ($400,000)
9. 10% (of the total $10,000,000 Budget)=
$1,000,000
Facebook
20%
Twitter
20%
Email Blasts
60%
Digital Media ($1,000,000)
Facebook ($200,000)
Twitter ($200,000)
Email Blasts ($600,000)
10. Objectives:
Encourage the target market to try the product
Show consumers that Red Bull Energy Bites work well
Appeal to the busy “on-the-go” lifestyle of the age
group
A variety of media will be used
Billboards
Television
Radio
Magazines
Social Media
E-Mail Blast
12. Informative
› Radio
› Tell people about the benefits of the product
Slice-of-Life
› Television
› Show how the product can solve day to day
problems
› Increase consumers ambition and self-
esteem
› Show benefits of using the product
13.
14. Target market is constantly on the go with busy
schedules – more likely to hear radio ads
I Heart Radio and Pandora
Inexpensive
Reach a wide audience
Used in the car, online, mobile apps, and tablets
National reach with millions of U.S. listeners
People can listen to and from their way to
work, during breaks, and down time
Airs same ads for all genres
30 second pre-recorded
15. Exposed to a large audience going to
and from work, school, etc.
5 major cities, 2 in each city
Philadelphia, New York, Miami, Los
Angeles, Chicago
Create a lot of awareness; in a
permanent location
16.
17. Many Americans have TV’s in their
household
Network stations; national reach
Two and a Half Men; CBS: Thursdays at 8:30
p.m.
Popular show; large audience: 13 million
viewers
Primetime: when our target market will be
getting home from work/day activities
30 second ad
18. Maxim
› readership is over 61% ages 18-34, 74% employed
Sports Illustrated
› readerships average age of the audience is
33, employed, and has an active lifestyle
Self
› readership average age is 32, 73% of the readers
are employed, 53% are married with children in the
household - adds to the busy lifestyle
People
› Readership 34% of the age 18-34, 46% of adults with
children in household, 62% employed
Highest readership for our target market
One full page four color ad
19.
20.
21.
22. Introduce the product to the public.
Inform as many people as possible in the
demographic.
Expand attention.
Build brand equity.
Get feedback.
23. Social media site with the highest
engagement in the U.S.
Honest customer feedback
Ability to provide engaging content
24.
25. Use popular celebrity endorsements.
Lady Gaga has more than 11.6 million users following her on
this media channel.
College students.
Cost effective
26.
27. Very flexible.
Create brand awareness.
600,000 people in established list.
Straight forward
Sent during specific times, twice a week
28. Objectives:
› Introduce new product to consumers
› Increase our products usage by consumers
in target market
Tools Used:
› Free Sampling
› Coupons
› Consumer Contests
29. Set tents up at 2
places:
› College campuses
› Outside grocery stores
Will contain:
› Free sample products
› Information cards
Nutrition facts
Where product can be
purchased
› Coupons
30. Coupons will be given out in multiple
places:
› Sales Promotion tents
› E-mail blasts
› Social Media
Facebook
Twitter
Each coupon will have different
barcodes to track effectiveness of
advertisements
31.
32. Consumers can create and submit a
video using the product
Winner receives:
› Commercial gets aired
› 1 year supply of Red Bull Energy Bites
Goals:
› Create fun, enjoyable brand image
› Show how easy and quick the product is to
consume
33. Coupon redemption rate
Contest participation
“Likes” on Facebook
Follows on Twitter
Email list subscribers
Red Bull Energy Bites Sales