This marketing plan summary outlines the following:
1. The company has developed a pair of "smart" polarized sunglasses called FlyZon for fly fishermen that provide information to help catch more fish and match insect hatches.
2. The target market is "avid" fly fishermen who fish 12-23 times per year, estimated at 395,314 people.
3. The objectives are to sell the FlyZon sunglasses to 3% of the target market (11,859 customers) through the website (13.1% of sales), specialty retailers (83.3% of sales), and trade shows (3.6% of sales).
ARALING PANLIPUNAN 9 QUARTER 1- MGA KATANGIAN NG MATALINONG MAMIMILIMiss Ivy
** Disclaimer:
All of the pictures and pieces of information on this site are the property of the respective owners. I do not hold any copyright in regard to these pictures and information. These pictures have been collected from different public sources including various websites, considered to be in the public domain. If anyone has any objection to display of any picture, image or information, it may be brought to my notice by sending an email (contact me) & the disputed media will be removed immediately, after verification of the claim.
The document summarizes a study on the design of a coin-operated mobile phone charging station. It discusses the need for such technology in rural areas where access to electricity is unreliable. The study will involve designing a charging station unit that allows users to insert coins to charge their phones for a set duration. It outlines the conceptual framework, statement of the problem, significance of the study, and scope and limitations. The purpose is to develop an effective design for a coin-operated public mobile phone charging system.
This document provides information on education planning and funding a child's education. It discusses the rising costs of quality education and how leaving a child's educational future to chance is not an option. It then presents strategies for starting to save and plan early using education savings products to help cover tuition fees, living expenses, and other costs from primary school through college. Savings options like bank deposits are compared to investment options through funds that can help the savings grow over time to keep up with increasing costs. The document emphasizes that proper planning is key to achieving educational dreams and should not be delayed.
Integrated Marketing Plan - M.S. IMC Capstone Project - St. Jude Children's H...Laura Pearson
Comprehensive, $15 million marketing campaign proposal on behalf of St. Jude Children's Research Hospital. The IMC plan includes market research, strategic communication and media planning, copywriting, designing, budgeting, and measurement of an annual plan targeted to high school students in the United States.
This campaign was selected among the top four in my class, featured on the West Virginia University website and shared with marketing executives at St. Jude.
ARALING PANLIPUNAN 9 QUARTER 1- MGA KATANGIAN NG MATALINONG MAMIMILIMiss Ivy
** Disclaimer:
All of the pictures and pieces of information on this site are the property of the respective owners. I do not hold any copyright in regard to these pictures and information. These pictures have been collected from different public sources including various websites, considered to be in the public domain. If anyone has any objection to display of any picture, image or information, it may be brought to my notice by sending an email (contact me) & the disputed media will be removed immediately, after verification of the claim.
The document summarizes a study on the design of a coin-operated mobile phone charging station. It discusses the need for such technology in rural areas where access to electricity is unreliable. The study will involve designing a charging station unit that allows users to insert coins to charge their phones for a set duration. It outlines the conceptual framework, statement of the problem, significance of the study, and scope and limitations. The purpose is to develop an effective design for a coin-operated public mobile phone charging system.
This document provides information on education planning and funding a child's education. It discusses the rising costs of quality education and how leaving a child's educational future to chance is not an option. It then presents strategies for starting to save and plan early using education savings products to help cover tuition fees, living expenses, and other costs from primary school through college. Savings options like bank deposits are compared to investment options through funds that can help the savings grow over time to keep up with increasing costs. The document emphasizes that proper planning is key to achieving educational dreams and should not be delayed.
Integrated Marketing Plan - M.S. IMC Capstone Project - St. Jude Children's H...Laura Pearson
Comprehensive, $15 million marketing campaign proposal on behalf of St. Jude Children's Research Hospital. The IMC plan includes market research, strategic communication and media planning, copywriting, designing, budgeting, and measurement of an annual plan targeted to high school students in the United States.
This campaign was selected among the top four in my class, featured on the West Virginia University website and shared with marketing executives at St. Jude.
Using a Linear Programming Model to optimize fishing operationsJean-Pierre Haddad
The document discusses the development of an optimization model to help a fishing company in South Africa increase their catch of hake fish from 85% to 89% of their total catch. Over two years, the author worked with fishing managers to collect data on past catches, develop a data warehouse to analyze fishing patterns and dimensions like area, depth, and time of year. An optimization model was then created as a linear programming problem to maximize profits by advising the best fishing areas and times to meet production orders while satisfying market demands and quotas. The model helped fishing vessels better target hake based on predicted locations from historical catch data.
Instruction Manual Minelab GP 3000 Metal Detector English LanguageSerious Detecting
The document provides information about the Minelab 'GP 3000' metal detector. It discusses key features of the detector such as its Dual Voltage Technology, low-noise circuitry, battery options, and accessories. It emphasizes the detector's ability to handle mineralized and salty ground conditions. The document encourages responsible detecting and caring for the environment by backfilling holes.
We are looking for Co-Founder and Investors who interested on the Coconut Industry will establish in Indonesia. I have all the technology for processing the coconut and waste product.
The total investment is US$. 50 Million, for machinery, mobilization and working capital.
This information with the author Nigel Smith, Nguyen My Ha, Vien Kim Cuong, Hoang Thi Thu Dong, Nguyen Truc Son, Bob Baulch, Nguyen Thi Le Thuy done for Vietnam, but the business will do in Indonesia.
Prosperity Initative.
ARC-1 Ropeless Fishing Manual For Commercial FishersJacobWolf22
A comprehensive and first look guide at preparing and operating the ARC-1XD (acoustic release command unit extended duration. The ARC serves as the world's first acoustic ropeless fishing system which is delpoyed to prevent whale entanglements as well as keep fisher gear safe.
Report Link- https://www.cognitivemarketresearch.com/Fish-Tanks-Market-Report
Cognitive Market Research provides detailed analysis of Fish Tanks in our recently published report titled, "Fish Tanks 2021" The market study focuses on industry dynamics including driving factors to provide the key elements fueling the current market growth. The report also identifies restraints and opportunities to identify high growth segments involved in the Fish Tanks market. Key industrial factors such as macroeconomic and microeconomic factors are studied in detail with help of PESTEL analysis in order to have a holistic view of factors impacting Fish Tanks market growth across the globe. Market growth is forecasted with the help of complex algorithms such as regression analysis, sentiment analysis of end-users, etc.
#FishTanksReport #FishTanksMarket #FishTanksMarketForecast #FishTanksMarketStatus #FishTanksMarket2021
Canned Fish Manufacturing Plant Project Report.pptxhostl9518
Canned fish has secured its place as a culinary cornerstone, providing a convenient and versatile source of protein that transcends traditional boundaries. From tuna and salmon to sardines and mackerel, these carefully preserved treasures offer a shelf-stable alternative to fresh seafood, meeting the demands of modern lifestyles.
Canned Fish Manufacturing Plant Project Report.pdfhostl9518
Canned fish has secured its place as a culinary cornerstone, providing a convenient and versatile source of protein that transcends traditional boundaries. From tuna and salmon to sardines and mackerel, these carefully preserved treasures offer a shelf-stable alternative to fresh seafood, meeting the demands of modern lifestyles.
Report Link- https://www.cognitivemarketresearch.com/Flea-and-Tick-Collar-Market-Report
Cognitive Market Research provides detailed analysis of Flea and Tick Collar in our recently published report titled, "Flea and Tick Collar 2021" The market study focuses on industry dynamics including driving factors to provide the key elements fueling the current market growth. The report also identifies restraints and opportunities to identify high growth segments involved in the Flea and Tick Collar market. Key industrial factors such as macroeconomic and microeconomic factors are studied in detail with help of PESTEL analysis in order to have a holistic view of factors impacting Flea and Tick Collar market growth across the globe. Market growth is forecasted with the help of complex algorithms such as regression analysis, sentiment analysis of end-users, etc. #FleaandTickCollarReport #FleaandTickCollarMarket #FleaandTickCollarMarketForecast #FleaandTickCollarMarketStatus #FleaandTickCollarMarket2021
Report on the effect of Naira’s Devaluation on the Agricultural Value Chains ...MADE
This study examines the effects of the Nigerian currency’s devaluation and related government trade restriction policies on four key agricultural value chains in the Niger Delta region. These value chains—palm oil, cassava, aquaculture, and poultry—are focal points for the Chevron funded Foundation for Partnership Initiatives in the Niger Delta (PIND) and the DFID funded Market Development in the Niger Delta Programme (MADE). The study examines the market responses within and across the value chains to the income and substitution effects that arose following the price shocks from naira’s devaluation and depreciation of the currency since 2014. The study: identifies opportunities and challenges for market actors in these value chains; shows how established market structures are shifting; and examines the implications for current and future PIND and MADE interventions.
This document provides a summary of potential negative screening results for companies based on their involvement in controversial industries and practices such as Arctic oil drilling, coal mining, nuclear energy, deforestation, animal welfare issues, and lack of compliance with international standards. It profiles several companies that may fail negative screens based on activities in these areas, such as oil and gas companies drilling in the Arctic region, mining companies involved in coal extraction, and consumer goods companies contributing to deforestation through their palm oil supply chains.
This marketing report outlines Alligator's plan to launch a new Golf apparel line called Golf. Golf will provide comfort and latest technology for golfers. The goal is to increase Alligator's market share by 15% over 3 years and capture a new segment of 9 million potential customers. Promotional strategies include online, mobile, broadcast and personal selling advertising targeting both current customers aged 25+ and younger consumers aged 15+. Product strategies center around ergonomic design, function and luxury positioning of the new Golf line.
ORSTOTM creates traditional wrist watches with smartwatch functionality. They have developed five watch variations and improved the design and user interface based on user feedback. The watches have several months of battery life, clear readability, and water resistance. ORSTOTM watches connect to phones and offer functions like activity tracking, music control, and notifications. Surveys found that most people prefer a watch with traditional hands and longer battery life over a touchscreen smartwatch. Compared to other products, ORSTOTM watches are easier to use and maintain. The company is seeking funding to launch production of four watch models in Switzerland and expand operations.
Senior Design Report Sample
Description:
This senior design project is called SafeStride. It is designed and made for people who do not have the ability to walk or need help walking. Many people around the world, and especially in the United States, who do not have the ability to walk without using cranes and crutches. However , there are many who use these tools incorrectly, therefore causing more harm on themselves rather than heeling themselves. So SDSU Electrical Engineering seniors came up with an idea of SafeStride in an effort to improve walking aids. The seniors came up with an idea of a cane that assists better in walking than the crutches and canes we see today. With the development of software technology and programming, students were able to make this cane send and receives data from a program, which then used by therapists and medical professionals to check if the cane is used appropriately by the person or not.
Devices:
There are many devices used in this project. For instance, one device is the Bluetooth RN42 chip. This device is coordinated to send information to a gadget where experts play out their investigation. More so, a lithium-ion battery that has energy which controls the gadgets found in the stick. At the base of the stick, there is a cell that checks the weight applied on the stick by the client. Also, there is a 18560 battery which is utilized to control up the stick's hardware through the charging of the battery. To get this stick working, sensors were used to measure metrics and use signals to send it to microcontrollers, and after they are sent by wireless to the computer.
Cost:
The project costed the students $643.43, $79.94 for the power components, $59.85 for the IMU, $120.54 for the Bluetooth Module, $125.70 for other components, and $151.85 for the materials of the cane.
Purpose of Assignment
This activity helps students recognize the significant role accounting plays in providing financial information to management for decision making through the evaluation of financial statements. This experiential assignment requires students to use ratios to evaluate and analyze a company’s liquidity, solvency, and profitability.
Two-Rivers Inc. (TRI) manufactures a variety of consumer products. The company's founders have run the company for thirty years and are now interested in retiring. Consequently, they are seeking a purchaser, and a group of investors is looking into the acquisition of TRI. To evaluate its financial stability, TRI was requested to provide its latest financial statements and selected financial ratios. Summary information provided by TRI is presented below.
Required:
a. Calculate the select financial ratios for the fiscal year Year 2. (use MS word or excel but excel is more recommended)
b. Interpret what each of these financial ratios means in terms of TRI's financial stability and operating efficiency.
500 words
Click the Assignment Files tab to submit your assignment.
Abstract :
K.
This bulletin gives an estimate of the accuracy of MERCATOR OCEAN’s analyses and forecast for the season of April-May-June 2012. It also provides a summary of useful information on the context of the production for this period. Diagnostics will be displayed for the global 1/12° (PSY4), global ¼° (PSY3) and the Atlantic and Mediterranean zoom at 1/12° (PSY2) monitoring and forecasting systems currently producing daily 3D temperature salinity and current products.
The document is the owner's manual for the Garmin Fishfinder 340C full-featured color sonar. It contains information about the product's features, instructions for installation and use, specifications, warranty details, and contact information for Garmin. The manual provides guidance on selecting a location for the fishfinder, mounting the unit and transducer, connecting the wiring harness, and testing the installation. It also explains how to use the fishfinder's keypad, menus, pages and settings to operate the sonar and mark waypoints.
This document provides an overview and instructions for setting up and using a Gigaset R630H PRO cordless phone. It includes diagrams labeling the different parts of the handset and charging cradle. The first section provides instructions for inserting the batteries into the handset and closing the battery cover. It emphasizes using only the recommended rechargeable batteries. The second section instructs the user to connect the power adapter to the charging cradle and plug it into an electrical outlet.
Wearable Technology: How Fashion, Luxury and Activewear Brands Monetize Innov...Fashionbi
Inside Fashionbi's new Marketing Research, you can find multiple brand case-studies and their collaborations with tech giants and how in different fashion segments (apparel, handbags, footwear, accessories..) the brands are thriving to incorporate autonomous technology.
Read more on: http://fashionbi.com/insights/marketing-research/wearable-technology
The monthly magazine for the LinkedIn Group Water Industry Process Automation & Control. In this month's edition we have articles on
Explaining Flow Profiles
Improving Water & Wastewater Asset Management using analytics
The use of online THM Analysers
Building the Business Case for Smart Water
A case study for Smart Wastewater Networks
Along with the usual industry news. If you enjoy this edition then please feel free to sign up to the LinkedIn Group (if you aren't already a member) and feel free to share this and previous editions with whoever you feel might enjoy it
The document is the owner's guide for the Atmos Elite dive computer. It provides information on the features and displays of the computer, how to operate and activate it, dive modes, post dive modes, care and maintenance, and specifications. Key features include nitrogen and oxygen bar graphs to display loading and decompression/oxygen tolerance status, a variable ascent rate indicator, depth and time displays, and audible alarms. It can be used for air and nitrox diving and has modes for planning, active diving, and post-dive surface intervals.
Gigaset SL910A Digital Cordless Telephone User GuideTelephones Online
This document is the user guide for the Gigaset SL910/SL910A cordless phone. It contains instructions on setting up the base station and charger cradle, operating the phone's touchscreen and keys, making calls, changing settings, using the phone's apps and features, and connecting additional handsets or Bluetooth devices. It also provides customer service contact information and safety precautions.
More Related Content
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Using a Linear Programming Model to optimize fishing operationsJean-Pierre Haddad
The document discusses the development of an optimization model to help a fishing company in South Africa increase their catch of hake fish from 85% to 89% of their total catch. Over two years, the author worked with fishing managers to collect data on past catches, develop a data warehouse to analyze fishing patterns and dimensions like area, depth, and time of year. An optimization model was then created as a linear programming problem to maximize profits by advising the best fishing areas and times to meet production orders while satisfying market demands and quotas. The model helped fishing vessels better target hake based on predicted locations from historical catch data.
Instruction Manual Minelab GP 3000 Metal Detector English LanguageSerious Detecting
The document provides information about the Minelab 'GP 3000' metal detector. It discusses key features of the detector such as its Dual Voltage Technology, low-noise circuitry, battery options, and accessories. It emphasizes the detector's ability to handle mineralized and salty ground conditions. The document encourages responsible detecting and caring for the environment by backfilling holes.
We are looking for Co-Founder and Investors who interested on the Coconut Industry will establish in Indonesia. I have all the technology for processing the coconut and waste product.
The total investment is US$. 50 Million, for machinery, mobilization and working capital.
This information with the author Nigel Smith, Nguyen My Ha, Vien Kim Cuong, Hoang Thi Thu Dong, Nguyen Truc Son, Bob Baulch, Nguyen Thi Le Thuy done for Vietnam, but the business will do in Indonesia.
Prosperity Initative.
ARC-1 Ropeless Fishing Manual For Commercial FishersJacobWolf22
A comprehensive and first look guide at preparing and operating the ARC-1XD (acoustic release command unit extended duration. The ARC serves as the world's first acoustic ropeless fishing system which is delpoyed to prevent whale entanglements as well as keep fisher gear safe.
Report Link- https://www.cognitivemarketresearch.com/Fish-Tanks-Market-Report
Cognitive Market Research provides detailed analysis of Fish Tanks in our recently published report titled, "Fish Tanks 2021" The market study focuses on industry dynamics including driving factors to provide the key elements fueling the current market growth. The report also identifies restraints and opportunities to identify high growth segments involved in the Fish Tanks market. Key industrial factors such as macroeconomic and microeconomic factors are studied in detail with help of PESTEL analysis in order to have a holistic view of factors impacting Fish Tanks market growth across the globe. Market growth is forecasted with the help of complex algorithms such as regression analysis, sentiment analysis of end-users, etc.
#FishTanksReport #FishTanksMarket #FishTanksMarketForecast #FishTanksMarketStatus #FishTanksMarket2021
Canned Fish Manufacturing Plant Project Report.pptxhostl9518
Canned fish has secured its place as a culinary cornerstone, providing a convenient and versatile source of protein that transcends traditional boundaries. From tuna and salmon to sardines and mackerel, these carefully preserved treasures offer a shelf-stable alternative to fresh seafood, meeting the demands of modern lifestyles.
Canned Fish Manufacturing Plant Project Report.pdfhostl9518
Canned fish has secured its place as a culinary cornerstone, providing a convenient and versatile source of protein that transcends traditional boundaries. From tuna and salmon to sardines and mackerel, these carefully preserved treasures offer a shelf-stable alternative to fresh seafood, meeting the demands of modern lifestyles.
Report Link- https://www.cognitivemarketresearch.com/Flea-and-Tick-Collar-Market-Report
Cognitive Market Research provides detailed analysis of Flea and Tick Collar in our recently published report titled, "Flea and Tick Collar 2021" The market study focuses on industry dynamics including driving factors to provide the key elements fueling the current market growth. The report also identifies restraints and opportunities to identify high growth segments involved in the Flea and Tick Collar market. Key industrial factors such as macroeconomic and microeconomic factors are studied in detail with help of PESTEL analysis in order to have a holistic view of factors impacting Flea and Tick Collar market growth across the globe. Market growth is forecasted with the help of complex algorithms such as regression analysis, sentiment analysis of end-users, etc. #FleaandTickCollarReport #FleaandTickCollarMarket #FleaandTickCollarMarketForecast #FleaandTickCollarMarketStatus #FleaandTickCollarMarket2021
Report on the effect of Naira’s Devaluation on the Agricultural Value Chains ...MADE
This study examines the effects of the Nigerian currency’s devaluation and related government trade restriction policies on four key agricultural value chains in the Niger Delta region. These value chains—palm oil, cassava, aquaculture, and poultry—are focal points for the Chevron funded Foundation for Partnership Initiatives in the Niger Delta (PIND) and the DFID funded Market Development in the Niger Delta Programme (MADE). The study examines the market responses within and across the value chains to the income and substitution effects that arose following the price shocks from naira’s devaluation and depreciation of the currency since 2014. The study: identifies opportunities and challenges for market actors in these value chains; shows how established market structures are shifting; and examines the implications for current and future PIND and MADE interventions.
This document provides a summary of potential negative screening results for companies based on their involvement in controversial industries and practices such as Arctic oil drilling, coal mining, nuclear energy, deforestation, animal welfare issues, and lack of compliance with international standards. It profiles several companies that may fail negative screens based on activities in these areas, such as oil and gas companies drilling in the Arctic region, mining companies involved in coal extraction, and consumer goods companies contributing to deforestation through their palm oil supply chains.
This marketing report outlines Alligator's plan to launch a new Golf apparel line called Golf. Golf will provide comfort and latest technology for golfers. The goal is to increase Alligator's market share by 15% over 3 years and capture a new segment of 9 million potential customers. Promotional strategies include online, mobile, broadcast and personal selling advertising targeting both current customers aged 25+ and younger consumers aged 15+. Product strategies center around ergonomic design, function and luxury positioning of the new Golf line.
ORSTOTM creates traditional wrist watches with smartwatch functionality. They have developed five watch variations and improved the design and user interface based on user feedback. The watches have several months of battery life, clear readability, and water resistance. ORSTOTM watches connect to phones and offer functions like activity tracking, music control, and notifications. Surveys found that most people prefer a watch with traditional hands and longer battery life over a touchscreen smartwatch. Compared to other products, ORSTOTM watches are easier to use and maintain. The company is seeking funding to launch production of four watch models in Switzerland and expand operations.
Senior Design Report Sample
Description:
This senior design project is called SafeStride. It is designed and made for people who do not have the ability to walk or need help walking. Many people around the world, and especially in the United States, who do not have the ability to walk without using cranes and crutches. However , there are many who use these tools incorrectly, therefore causing more harm on themselves rather than heeling themselves. So SDSU Electrical Engineering seniors came up with an idea of SafeStride in an effort to improve walking aids. The seniors came up with an idea of a cane that assists better in walking than the crutches and canes we see today. With the development of software technology and programming, students were able to make this cane send and receives data from a program, which then used by therapists and medical professionals to check if the cane is used appropriately by the person or not.
Devices:
There are many devices used in this project. For instance, one device is the Bluetooth RN42 chip. This device is coordinated to send information to a gadget where experts play out their investigation. More so, a lithium-ion battery that has energy which controls the gadgets found in the stick. At the base of the stick, there is a cell that checks the weight applied on the stick by the client. Also, there is a 18560 battery which is utilized to control up the stick's hardware through the charging of the battery. To get this stick working, sensors were used to measure metrics and use signals to send it to microcontrollers, and after they are sent by wireless to the computer.
Cost:
The project costed the students $643.43, $79.94 for the power components, $59.85 for the IMU, $120.54 for the Bluetooth Module, $125.70 for other components, and $151.85 for the materials of the cane.
Purpose of Assignment
This activity helps students recognize the significant role accounting plays in providing financial information to management for decision making through the evaluation of financial statements. This experiential assignment requires students to use ratios to evaluate and analyze a company’s liquidity, solvency, and profitability.
Two-Rivers Inc. (TRI) manufactures a variety of consumer products. The company's founders have run the company for thirty years and are now interested in retiring. Consequently, they are seeking a purchaser, and a group of investors is looking into the acquisition of TRI. To evaluate its financial stability, TRI was requested to provide its latest financial statements and selected financial ratios. Summary information provided by TRI is presented below.
Required:
a. Calculate the select financial ratios for the fiscal year Year 2. (use MS word or excel but excel is more recommended)
b. Interpret what each of these financial ratios means in terms of TRI's financial stability and operating efficiency.
500 words
Click the Assignment Files tab to submit your assignment.
Abstract :
K.
This bulletin gives an estimate of the accuracy of MERCATOR OCEAN’s analyses and forecast for the season of April-May-June 2012. It also provides a summary of useful information on the context of the production for this period. Diagnostics will be displayed for the global 1/12° (PSY4), global ¼° (PSY3) and the Atlantic and Mediterranean zoom at 1/12° (PSY2) monitoring and forecasting systems currently producing daily 3D temperature salinity and current products.
The document is the owner's manual for the Garmin Fishfinder 340C full-featured color sonar. It contains information about the product's features, instructions for installation and use, specifications, warranty details, and contact information for Garmin. The manual provides guidance on selecting a location for the fishfinder, mounting the unit and transducer, connecting the wiring harness, and testing the installation. It also explains how to use the fishfinder's keypad, menus, pages and settings to operate the sonar and mark waypoints.
This document provides an overview and instructions for setting up and using a Gigaset R630H PRO cordless phone. It includes diagrams labeling the different parts of the handset and charging cradle. The first section provides instructions for inserting the batteries into the handset and closing the battery cover. It emphasizes using only the recommended rechargeable batteries. The second section instructs the user to connect the power adapter to the charging cradle and plug it into an electrical outlet.
Wearable Technology: How Fashion, Luxury and Activewear Brands Monetize Innov...Fashionbi
Inside Fashionbi's new Marketing Research, you can find multiple brand case-studies and their collaborations with tech giants and how in different fashion segments (apparel, handbags, footwear, accessories..) the brands are thriving to incorporate autonomous technology.
Read more on: http://fashionbi.com/insights/marketing-research/wearable-technology
The monthly magazine for the LinkedIn Group Water Industry Process Automation & Control. In this month's edition we have articles on
Explaining Flow Profiles
Improving Water & Wastewater Asset Management using analytics
The use of online THM Analysers
Building the Business Case for Smart Water
A case study for Smart Wastewater Networks
Along with the usual industry news. If you enjoy this edition then please feel free to sign up to the LinkedIn Group (if you aren't already a member) and feel free to share this and previous editions with whoever you feel might enjoy it
The document is the owner's guide for the Atmos Elite dive computer. It provides information on the features and displays of the computer, how to operate and activate it, dive modes, post dive modes, care and maintenance, and specifications. Key features include nitrogen and oxygen bar graphs to display loading and decompression/oxygen tolerance status, a variable ascent rate indicator, depth and time displays, and audible alarms. It can be used for air and nitrox diving and has modes for planning, active diving, and post-dive surface intervals.
Gigaset SL910A Digital Cordless Telephone User GuideTelephones Online
This document is the user guide for the Gigaset SL910/SL910A cordless phone. It contains instructions on setting up the base station and charger cradle, operating the phone's touchscreen and keys, making calls, changing settings, using the phone's apps and features, and connecting additional handsets or Bluetooth devices. It also provides customer service contact information and safety precautions.
Similar to Senior Capstone Project (New Product Idea) (20)
Gigaset SL910A Digital Cordless Telephone User Guide
Senior Capstone Project (New Product Idea)
1. 1
2014 Marketing Plan
Technology That Fits
Team Leader Contact Info:
Tim Ranglos
(970) 420-4914
timdranglos@gmail.com
Presented by:
Tim Ranglos
Brandon Ast
John Dettling
Taylor Wyckoff
2. 2
Executive Summary
The fly fishing industry has long been an attractive market for many entrepreneurs to enter.
Fly fishermen are known for using some of the oldest techniques and equipment to catch trout.
However; the industry is changing in many ways. Technology has begun to find its way into the
sport, and finding a way to bring innovation to the river will help separate many companies within
the industry.
By capitalizing on the growing trend of wearable technology, and taking advantage of the
recent increase in participation in the sport, we have developed a pair of “smart” polarized
sunglasses that will change the way people fish. Many fly fishermen face a common problem
known as “matching the hatch”. We have solved this problem by developing a pair of sunglasses
which scan the rivers environment and provide the angler with valuable information to help
him/her catch more fish. Other benefits of our product include current weather patterns, GPS, an
HD camera, and a fully customizable design to match the trendy styles of today’s avid fly
fishermen.
A combination of high disposable income and a passion for using premium products while
on the river, means fly fishermen are an attractive niche to pursue. Style is becoming an important
characteristic for fly fishermen and finding ways to keep up with the latest trends will become
increasingly important in the coming years.
Because we are selling a premium product which takes significant knowledge and skill, we
are targeting the “avid” fly fisherman, who spends a significant amount of days on the river. The
size of our target amounts to 395,314 people. At the years end, we are expected to generate a profit
of $3,854,830.65.
3. 3
Table of Contents
1. Description of New Product.................................................................................................. 5
A. Type of New Product ......................................................................................................... 5
B. Product Analysis ................................................................................................................ 6
a. Visual............................................................................................................................... 6
b. Features........................................................................................................................... 7
C. Competitive Advantage (Level one and Level two) ........................................................ 7
2. Opportunities and Issues Analysis (SWOT) ....................................................................... 8
3. Target Market Strategy ........................................................................................................ 9
A. Primary Customer Target................................................................................................. 9
a. Primary Target Market................................................................................................. 9
b. Estimated Size of Target.............................................................................................. 11
B. Attractiveness of Target .................................................................................................. 11
C. Additional Targets to Consider in the Future............................................................... 11
4. Positioning Strategy............................................................................................................. 12
5. Marketing Objectives.......................................................................................................... 12
6. Marketing Mix Strategies ................................................................................................... 15
A. Product.............................................................................................................................. 15
a. Product Accessories...................................................................................................... 16
b. Branding Strategies...................................................................................................... 16
c. Stage of the Product Life Cycle................................................................................... 16
B. Place .................................................................................................................................. 17
a. Direct Distribution ....................................................................................................... 18
b. Indirect Distribution .................................................................................................... 18
c. Additional Channels to Consider in the Future (beyond First Year)...................... 20
C. Price................................................................................................................................... 21
D. Promotion ......................................................................................................................... 22
a. Magazine ....................................................................................................................... 23
b. Internet/Website........................................................................................................... 27
c. Public Relations............................................................................................................ 31
E. Summary of Marketing Mix ........................................................................................... 35
4. 4
7. One Year Time Schedule for Implementing Marketing Plan ......................................... 36
A. Strategy ............................................................................................................................. 36
B. Table.................................................................................................................................. 38
8. Projected Profit and Loss Statement................................................................................. 40
9. References/Source Information.......................................................................................... 44
5. 5
1. Description of New Product
A. Type of New Product
As a new to the world product, we have developed a pair of “smart” polarized sunglasses which
will change the way fly fishermen participate in the sport. We call this product “FlyZon” smart
sunglasses. Fly fishing requires a vast amount of focus and skill. To be successful at catching a
trout it is crucial to understand the environment in which you are fishing. Everything from weather
patterns, time of day/year, and even air pressure can have a significant impact of the success of
catching fish.
This product will scan the rivers environment using smart chip technology and provide
valuable information to the fly fisherman. Everything from weather patterns and forecasts to the
air pressure will be provided. Our product will also solve a problem many fly fisherman face
known as “matching the hatch”. This problem requires the angler to recognize the exact type of
insect the trout are currently feeding on and use an artificial fly that matches the exact insect. This
can be an extremely difficult and time consuming task because hundreds of different insects can
hatch on a river at any given time. Weather patterns, time of year, and air temperature are all
important factors when determining what insects are hatching on the river. The glasses will detect
which insects are currently hatching on the river and tell fishermen the exact name of the insect
and offer recommendations as to which artificial fly to use. The glasses will also detect where fish
are actively feeding on the surface of the water and let a fisherman know exactly where to cast.
Other features include weather tracking and GPS to help the fisherman better predict weather
patterns. The sunglasses will also come with a front facing camera allowing the fishermen to take
pictures and videos of their adventures on the river. Because many people use prescribed glasses
6. 6
for better vision, we will offer customizable sunglasses allowing for prescription. Other
customizable options will be available such as color and design options.
B. Product Analysis
a. Visual
Figure 1
7. 7
b. Features
Table 1
Features Benefits
“Smart Chip” technology Provide angler with information to catch fish
more successfully
Front facing HD camera Allows angler to record memorable
experiences on the river
Fully customizable Unique and personable
GPS Saves angler time
Design Sleek and stylish
C. Competitive Advantage (Level one and Level two)
The fly fishing industry, which is a niche market, is not crucial to the success of large
companies that have similar products, such as Google Glass. This will act as a source of security
for our product. To prevent competitors within the fly fishing industry from replicating our
product, we plan to use a patent on the software application and chip technology. We also plan to
gain a sustainable competitive advantage by creating a level 1 and 2 competitive advantage.
Level 1
Our level 1 competitive advantage will use a differentiation strategy in which our
product will be perceived as unique in the industry. We will do this by providing superior
technology, product features, and customization. Because our product will be perceived as
unique it will enable us to charge premium price and help cover the increased costs due to
superior product features and customization.
8. 8
Level 2
To gain a level 2 competitive advantage, we plan to reach out to multiple of the best
fly fishing guides in the industry and seek their expertise and knowledge of the sport.
Creating the very best product in this category through knowledge, expertise, and
technology, will act as a core competency and barrier to competitors.
2. Opportunities and Issues Analysis (SWOT)
Table 2
Strengths Weaknesses
Expertise and knowledge
Product quality
Customization personalization
Limited brand equity (unknown)
Product use is limited to fly fishing
Inconsistent cash flow stream (due to
seasonality
Opportunities Threats
Wearable tech industry is growing1
Participation in outdoor sports is
expected to increase
Disposable income is projected to
increase2
License prices & regulations
Construction, fuel prices (people have
to drive to fish)
Poor weather conditions
1
Transparency Market Research. (2014). Wearable Technology Market- Global Scenario,Trends, Industry Analysis,
Size, Share And Forecast 2012-2018. Albany NY: Transparency Market Research
2
Kaczanowska, A. (2013, August). IBIS World report: Hiking &Outdoor Equipment Stores in the US. Retrieved
October 21,2014, from IBISWorld database
9. 9
S-O Connections3
With the expected increase in disposable income (2.9%) in 2015, more people will be
willing to spend on premium priced products (IBISWorld, 2013).
The expected increase in participation in outdoor sports expected to rise to 19.2% in the
United States by 2018, which represents an annualized increase of .5% from 2013, means
more Americans a will have a greater interest in outdoor sports and will spend more money
on recreation (IBISWorld, 2013).
W-T Connections
Poor weather conditions during prime fishing season could reduce spending on equipment
and reduce major cash flow streams.
A company with greater brand equity could enter the market with a similar product.
3. Target Market Strategy
A. Primary Customer Target
a. Primary Target Market
While the estimated number of U.S Fly Fishermen is 3.838 million people, as of 2011, we plan
to target a more specified group of fly anglers who we believe will be more interested in our
3
Kaczanowska, A. (2013, August). IBIS World Report: Hiking &Outdoor Equipment Stores in the US. Retrieved
October 21,2014, from IBISWorld database
10. 10
product4
. Because our product will have a premium price and variety of features, we believe our
customers will primarily consist of fly fishing enthusiasts who have multiple outings per year. We
will call our target market “Avid Fly Fishermen”, and they have the following characteristics5
:
4
Southwick Associates, Inc. (2012). Survey of U.S Fly Fishing Retailers for the American Fly Fishing Trade
Association. Fernandina Beach: Southwick Associates.
5
Recreational Boating & Fishing Foundation: Outdoor Foundation. (2014). 2014 Special Report on Fishing.
Washington D.C: Sport Fish Restoration
Demographics
Gender: 70% are male
Age: 41.2% between the ages of 25-44
Income: 60.2% earn between $50,000- $100,000+
Education: 31.0% are college graduates
Ethnicity: 71.5% are Caucasian/White
Lifestyle/Psychographics
Prefer doing outdoor activities in groups
Tend to be laid back
Enjoy life as it comes
Care about personal appearance and style
Prefer to use the highest quality equipment
11. 11
b. Estimated Size of Target
To estimate the size of our target market (The Avid Fly Fisherman), we took the top 10.3%
of total U.S fly fishermen based on the number of days fished annually6
. 10.3% of fly fishermen
fished between 12-23 times in 2012 and represents our target market7
.
Size of Target = .103 x 3,838,00 = 395,314 (Avid Fly Fishermen)
B. Attractiveness of Target
We believe this target will be more inclined to purchase our product, because avid fly
fishermen are more willing to spend premium products to enhance their fly fishing skills and image
on the river. Because our product will come with a premium price, only fly fishermen who consider
themselves enthusiasts will be willing to make the investment in our product.
C. Additional Targets to Consider in the Future
The growing interest in fly fishing among women provides a possible target to consider in the
future. Providing stylish sunglasses for women could provide an attractive opportunity in the
future.
6
Recreational Boating & Fishing Foundation: Outdoor Foundation. (2014). 2014 Special Report on Fishing.
Washington D.C: Sport Fish Restoration
7
Southwick Associates, Inc. (2012). Survey of U.S Fly Fishing Retailers for the American Fly Fishing Trade
Association. Fernandina Beach: Southwick Associates.
12. 12
4. Positioning Strategy
We will be using an “attribute/benefits” positioning strategy to differentiate our product in
the market. As described in the “Target Market” section, fly fishermen have a unique lifestyle and
the benefits our product offers match this lifestyle. Fly fishing has long been considered an elitist
sport, where wealthy men compete amongst their friends and enjoy the satisfaction of catching the
most fish or the biggest fish. Because many fly fishermen have high disposable incomes and
consider themselves elitist, fashion and style are important characteristics of this audience. Avid
fly fishermen want to have the highest-end and most innovative equipment on the market and are
willing to pay the premium price. They also enjoy looking fashionable while on the river. Our
product offers the fly fisherman with an innovative way to catch more fish and do it in style.
FlyZon will be known for bringing innovation and style to the river. To communicate our
positioning strategy, we will use the slogan:
“Technology That Fits”
5. Marketing Objectives
Given the overall size of our target market of 395,314, we predict that 3% of this population
will actually purchase one of the versions of our product. This conversion amounts to 11,859.42
people who will purchase one of our products.
Total Customers = .03 x 395,314 = 11,859.42
13. 13
Because 13.1% of fly fishing sales took place online in 2012 (Southwick), we are predicting
the same percentage of our sales will come from our website. 83.3% will come from specialty fly
shop retailers, and the remaining 3.6% will come from trade shows8
.
Figure 2
Reference: Southwick Associates, Inc. (2012)
8
Southwick Associates, Inc. (2012). Survey of U.S Fly Fishing Retailers for the American Fly Fishing Trade
Association. Fernandina Beach: Southwick Associates.
14. 14
Because we are targeting avid fly fishermen who carry high disposable incomes, we predict
that 65% of our customers will purchase the Z+ model, while the remaining 35% will purchase the
Z model. (A detailed description of specific sales objectives for individual models and accessories
are provided in the Profit and Loss section of the marketing plan.)
Total Customers = .03 x 395,314 = 11,859.42
Direct Web Sales = .131 x 11,859 = 1553.52
Direct Trade Show = .036 x 11,859 =426.92
Indirect Retailer = .833 x 11,859 =9878.54
15. 15
6. Marketing Mix Strategies
A. Product
Our product mix will include two different models as well as accessories which can be
purchased separately. Our first model is a basic (Z) version and is designed with less features for
a consumer who is looking to enter the FlyZon product line. Our second model is considered
premium (Z+) and comes with additional features. This model is designed for people who are
willing to spend more for additional features and want to fully customize their sunglasses. Both
models will come with a warranty, however the Z+ model will come with a lifetime warranty,
compared to the Z models 1 year warranty.
Table 3
Model Features
Z
Front facing HD Camera
64 GB of internal memory
Black or white (color)
GPS
Video editing software
“Match the Hatch” technology
1 year warranty
Z+
Front Facing HD Camera
128 GB
Fully customizable color
GPS
Video editing software
“Match the Hatch” technology
Detects fish movements
Voice recognition
Lifetime warranty
16. 16
a. Product Accessories
The accessories that will be included with the purchase of either of our models will be a
carrying case and a USB connector and charger. We will also include a specially designed lens
cleaner and microfiber cloth.
We will also be offering accessories that will be available for purchase. This will include
a strap that attaches to the glasses and will allow the user to hang the sunglasses around their neck.
A premium and customizable hard case will also be available for purchase.
b. Branding Strategies
Since our product is new to the industry and we have low brand equity, our focus will be
on increasing awareness for our products and the many benefits they offers. We will spend a
significant amount of effort giving consumers and influencers, such a fly fishing guides, hands on
experience with our product. This will help us directly communicate with the most important
people in the industry and increase WOM.
Our brand mark (which contains our name) is designed with elegance to communicate a
premium brand which is known for style. The premium version of our product will be known as
the “Z+” version, while the basic will be known at the “Z” version.
c. Stage of the Product Life Cycle
Since our product is new to the world, it is inevitably in the Introduction stage of the
Product Life Cycle. While we have no direct competition, we do face competition from indirect
competitors who sell standard polarized sunglasses. Because we are in the introduction state of the
PLC, it is important that we focus on increasing awareness for our products to help generate sales.
17. 17
We plan to do this by placing a heavy focus on advertising, as well as gaining publicity through
public relation efforts. Specific tactics for this are discussed in the marketing mix section of the
marketing plan.
B. Place9
The basis of our channel strategy will involve a direct distribution strategy in which we will
distribute directly through our website and directly at trade shows. Our indirect strategy will
involve “selective distribution” based on the most attractive geographic regions based on sales
trends. We will be distributing to a wholesaler to increase efficiencies and take advantage of their
knowledge of local markets.
Figure 3
9
The following content is based on Southwick Associates, Inc. (2012). Survey of U.S Fly Fishing Retailers for the
American Fly Fishing Trade Association. Fernandina Beach: Southwick Associates.
18. 18
a. Direct Distribution
Website: According to a study done by Southwick Associates, the second highest preferred
media by anglers is websites. This indicates that fishermen are turning the web as a source
of information and offers a viable channel to sell our product. Southwick also reports that
there has been a positive increase of 17.2 % in fly fishing retailers Internet sales, meaning
a significant portion of fisherman are turning to the web to purchase fly fishing products.
Tradeshows: Obtaining a booth and distributing our product directly through Expos will
act as an additional source of revenue, as well as a quality source of increase awareness
through publicity. We plan to reserve a booth at 3 of the major Fly Fishing Show’s
locations which include Denver (Colorado), Lynnwood (Washington), and Pleasanton
(California).
b. Indirect Distribution
The basis of our indirect distribution strategy will be based on “Selective Distribution” where
we will use a limited number of outlets according to the highest percentage of fly fishing retailer
sales geographically. The geographic area in which will we distribute our product is based the
percentage of sales that took place by fly fishing retailers in 2011. During the first year of
operations will distribute to the “West” region, as well as the “Rockies” region. According to
Southwick associates, the following pie chart depicts the highest percentage of fly fishing retailer
sales in 2011:
20. 20
To ensure the effectiveness of our distribution strategy we will be targeting a specific type of
retailer within the most attractive geographic distribution area. We will distribute our product to
“Fly Fishing Specialty Stores” who have single locations. This is because the majority of retailers
in each of the most attractive regions shown above are considered in this category.
Figure 5
Reference: Southwick Associates, Inc. (2012).
c. Additional Channels to Consider in the Future (beyond First
Year)
Beyond the first year of sales, we will consider Independent Sporting Goods Stores (who carry
more than just fishing equipment) as a possible channel. This is because this 18% of fly fishing
sales comes from this type of retailer. Once our brand becomes more established in the market,
demand from retailers will increase and we stand a better chance at getting in larger retailers.
21. 21
C. Price
We have set the MSRP for our basic (Z) model at $799.99 and our premium (Z+) model at
$1199.99. The sale of each product through our direct channels (website and tradeshows) will
generate a profit of $649.99 and $1049.99. To increase efficiencies and take advantage of local
market knowledge, we will be selling our products to a wholesaler. Our markups will give us a
more than reasonable markup of over 100% for our Z model and a 40% markup for the Z+ leave
plenty of margin for the wholesaler and retailer to generate a profit as well. We have two
accessories that will be available for purchase through each channel described above. The Z Strap
will be sold at $19.99 and the customizable hard case will be sold at $34.99.
a. General Pricing Objectives, Strategies and Policies
Because we are selling a new product to the world, we have based our price and cost structure
off of a similar product, being Google Glass. Currently the price for Google Glass is $1,500 and it
costs $150 to manufacture. Because our product will have less features than Google Glass and it
will be designed specifically for Fly Fishing, we will charge less than Google Glass. According to
Fly Fisherman magazine, the average amount spent on fly fishing equipment in the past 12 months
was $1,050 per person10
. This helps ensure our target will be willing to pay a premium for our
product. Because we are new company with few resources the Google, we predict our costs to be
slightly higher for each model. The cost for the Z model will be $150 and the cost for the Z+ model
will be $250.
10
Fly Fisherman Media Kit. (2013). Fly Fisherman Magazine, 2014. Retrieved December 5, 2015, from
http://www.imoutdoorsmedia.com/IM3/fishing/pdf/2014_ FlyFisherman_MediaKit.pdf
22. 22
D. Promotion
Our promotional mix strategy will include a variety of tactics using multiple types of media
and will reinforce our positioning strategy. Several tactics, which will be discussed in the following
sections, will also be designed to create a database in which direct marketing efforts can be made.
We have based our advertising and promotion strategies according to the preferred type of media
outlets used by our target market. The distribution of preferred media used by anglers is
represented in the chart below:
23. 23
Figure 6
Reference: Southwick Associates, Inc. (2012).
a. Magazine11
Because magazines are the most preferred type of media, we will focus a significant
amount of our marketing efforts using this medium. Fly Fisherman magazine is the leading
publication dedicated to the interests of fly fishing enthusiasts and will represent our primary outlet
for advertising. This magazine currently has over 80,000 subscribers, whose lifestyle matches our
11
Fly Fisherman Media Kit. (2013). Fly Fisherman Magazine, 2014. Retrieved December 5, 2015, from
http://www.imoutdoorsmedia.com/IM3/fishing/pdf/2014_ FlyFisherman_MediaKit.pdf
24. 24
target audience. Fly Fisherman describes its subscription base as a “wealthy, engaged, active, and
an influential target for premier products and services.”
Because Fly Fisherman is distributed on a national scale, our print ads will be designed to
drive people to our website and increase awareness of our product. Rather than driving sales in
specialty stores, our print ads will attempt to drive direct sales by getting our target audience to
visit our website and make a purchase.
Fly Fisherman currently has the following metrics:
Circulation: 75,246
Frequency: 5 times/ year
Total Audience: 362,622
Male/Female: 87/13
Median Age: 42.6
We plan to insert a full page ad and pay for 5 circulations during the first year. The cost for this
is provided in the table below:
25. 25
Figure 7
Reference: Fly Fisherman Media Kit. (2013).
Creative Example
As mentioned earlier, the overall design and copy of our printed media advertisements will
reinforce our positioning strategy. By emphasizing style and innovation, we are able to
communicate our unique selling point. The creative example shown below is designed to
communicate the primary benefit that our product offers and does it in an eye catching and stylish
way. The design is intended to increase awareness and interest in our product and drive people to
visit our website for more information.
27. 27
b. Internet/Website
Because the Internet is the second highest preferred medium among anglers12
, we will also spend
a significant amount of marketing efforts using this medium. Using the Internet will act as a way
to increase brand awareness and drive direct sales. We plan to use the following tactics using the
Internet:
Website: This will be used for direct purchasing. Our website will act a place where
customers can go to research and get information regarding our products. We will have
demonstration videos and testimonials to help educate consumers. The context of our
website will reinforce our positioning strategy and focus on innovation and style. We will
use PayPal as our preferred payment method.
12
Southwick Associates, Inc. (2012). Survey of U.S Fly Fishing Retailers for the American Fly Fishing Trade
Association. Fernandina Beach: Southwick Associates.
29. 29
Google Adwords: To help increase the number of people who visit our website we will use
Google Adwords. This will help increase SEO (Search Engine Optimization). By using
Google Keyword Planner, we have formulated a budget for ideal keywords.
Figure 10
Reference: AdWords, 2014
Social Media: Although social media represents a lower percentage of the preferred media
from anglers, this medium saw a 6% increase in preference between 2012 and 2013, and
offers an increasing opportunity to reach our target audience13
.
I. Facebook: Because our product will rely heavily on WOM
recommendations, Facebook will be used as a tool to gain
positive reviews from our customers. Facebook also offers an
opportunity to increase SEO by engaging people through shares,
comments, and likes.
13
Southwick Associates, Inc. (2012). Survey of U.S Fly Fishing Retailers for the American Fly Fishing Trade
Association. Fernandina Beach: Southwick Associates.
30. 30
II. Twitter: Twitter will be used to increase brand awareness.
Videos and photos are becoming easier to share on Twitter and
they offer an opportunity to increase user interactivity. Twitter
allows for customer feedback, which can be extremely valuable
in providing a better product and customer service.
III. Google+: Google+ will be used primarily as a tool to increase
SEO. Positive reviews for our product will act as a way to
increase the rank of search results.
IV. YouTube: YouTube will be used as a tool for product
demonstrations and testimonial videos from professional fly
fishing guides who have tested our product as well as customers.
Because our product is new to the world, it is important that
people know how to use it and the direct benefits associated with
using it.
Direct Database: To gain a better understanding of our customers and communicate with
them more effectively we plan to implement a direct database. We will do this by collecting
information during registrations on our website. Because it will take time to collect
customer information and build a database, we will develop strategies and tactics for our
second year of operations.
31. 31
c. Public Relations
We have also developed strategies and tactics to promote our brand through public relations. Our
primary form of public relations will rely on special events, sponsorships, and the use of social
media. Each of these tactics are described in the next section.
Film Tour: New technology has allowed for amateurs to capture and produce professional
like short films/ documentaries. The fly fishing industry has taken advantage of this and
the popularity in fly fishing films has increased. As of 2013, the official Fly Fishing Film
Tour had events in over 150 cities in the U.S. and Canada14
. We plan to take advantage of
this trend by hosting a fly fishing film tour in which the users of our product can collect
their best video footage and make a short film. Because our brand is relatively unknown,
we will seek the sponsorship of New Belgium Brewing Co. and ask that the event is hosted
at their brewery. We believe our target market carries a similar lifestyle as that of New
Belgium’s and the event would benefit both parties. Because we are selling in the “West”
region as well, we plan to do a similar event at Sierra Nevada Brewing Co. as well. The
first place film will win a free pair of our Z+ model sunglasses as well as a broad range of
accessories. The second place film will receive a pair of our Z model sunglasses.
14
Block, E. (2013, April 13). Fly Fishing Show’s 2014 Dates. Retrieved December 5, 2014, from
http://midcurrent.com/2013/04/13/fly-fishing-shows-2014-dates-sites-set/
33. 33
Demo Days: Product demonstrations are an extremely important aspect for producers of
fly fishing products and offer a great opportunity to educate consumers on the newest
innovations in the industry. Many companies in this industry offer “Demo Days” in which
their product or brand is promoted through specialty fly shops and demonstrations are given
by brand ambassadors and professional guides. We will offer a “Demo Day” in a variety
of fly shops in both the “Rockies” and “West” regions. We will send brand ambassadors
who will give product demonstrations and educate customers and professional guides who
work in the fly shops. T-Shirts, hats and bumper stickers will be provided to participants
for free to help increase brand awareness. We will also hold a raffle contest in which two
people will win a pair of our Z and Z+ model of sunglasses. To help build a direct database,
we will require people to provide their contact information such as name, email, and phone
number to enter the contest. Flyers and posters will be placed in specialty fly shops in the
U.S Rockies and U.S. West regions due to the majority of fly fishing sales taking place in
these regions. The following is an example of a flyer or poster that will be used:
34. 34
Figure 12
Trade Shows: Fly Fishing trade shows offer a great opportunity to promote our product
increase awareness. Expos are often known for a place where enthusiasts can gather and
check out the industries newest innovations. Because our product is new to the world and
innovative, a fly fishing expo offers a great opportunity to gain awareness. The 2013 Fly
Fishing Show saw growth for the shows in attendance and exhibitors by 10.1%
demonstrating the growth and increasing popularity in trade expos15
. We plan to reserve a
15
Fly Fisherman Media Kit. (2013). Fly Fisherman Magazine, 2014. Retrieved December 5, 2015, from
http://www.imoutdoorsmedia.com/IM3/fishing/pdf/2014_ FlyFisherman_MediaKit.pdf
35. 35
booth at 3 of the major Fly Fishing Show’s locations which include Denver (Colorado),
Lynnwood (Washington), and Pleasanton (California). Promotional gear such as t-shirts,
hats, and bumper stickers will be provided for free to gain awareness. Our product and
accessories will also be sold to gain additional revenue. Gaining positive press from Expos
will be important in increasing awareness and WOM from the most influential people in
the industry.
E. Summary of Marketing Mix
The overall strategy behind our marketing mix is designed to increase awareness for our
brand and become known as the premium provider of the best polarized sunglasses in the fly
fishing market. Our target market carries a unique lifestyle where using high-end products and
looking stylish while using them are core characteristics. Our brand will become known for
“Bringing Innovation and Style to The River”.
Our product line will consist of two models designed for the needs and wants of different
consumers as well as a variety of accessories to add personalization and style. Giving our target
audience the ability to upgrade and personalize their sunglasses will match their desire to fish
in style.
Our distribution strategy is focused on selective distribution in which we will target
“specialty fly shops” in the U.S. Rockies and U.S. West regions. These regions account for the
highest percentage of fly fishing sales and will help ensure the effectiveness of our distribution
strategy. More specifically, we will target specialty fly shops within these regions who have a
single location. This type of retailer accounts for nearly 51% of total industry sales. We will
36. 36
distribute our products directly through our website, as well as Fly fishing Expos, Both of
which have seen an increase in usage over the past years.
Because we are selling a new to the world product to a nice audience, we have based our
price points at a premium level. In addition, our target market carries relatively high disposable
income and are willing to spend a significant amount of money on premium fly fishing
products.
Our promotional mix strategy is designed to increase awareness for our brand and reinforce
our positioning strategy. Selected media outlets for advertising is based on the most preferred
media by our target audience. Magazine print ads will communicate our positioning strategy
as display stylish fly fisherman using our product.
7. One Year Time Schedule for Implementing Marketing Plan
A. Strategy
We have based the timing of our advertising/ promotion activities to ensure communication with
our target audience during each month of the following year. Because the fly fishing industry faces
seasonality, we plan to increase communication during specific periods of the year that generate
more sales. The months between July and September are considered prime fishing season and the
highest percentage of sales take place during this period. A significant amount of our marketing
tactics will take place during this time to take advantage of higher sales. The months between April
June also account for a significant amount of sales and we will also advertise/ promote heavily
during this time. The diagram below displays the months during the year which produce the most
revenue:
38. 38
B. Table
Table 4
Month Magazines Film
Festivals
Demo
Days
Trade Shows Social Media
January
Denver Fly
Fishing Show:
9th
, 10th
, 11th
60 Facebook Updates
60 Tweets
1 YouTube Video
February
Lynnwood Fly
Fishing Show:
14th
, 15th
,
Pleasanton Fly
Fishing Show:
20th
21st
, 22nd
60 Facebook Updates
60 Tweets
1 YouTube Video
March
Full Page
Color Print Ad
60 Facebook Updates
60 Tweets
1 YouTube Video
April
New Belgium
Tour: 6th
and
7th
Demo Day
(Rockies
Region)
North Platte
Fly Shop
Wyoming
60 Facebook Updates
60 Tweets
2 YouTube Video
May
Full Page
Color Print
Ad.
Demo Day
(Rockies
Region)
St. Peters
Fly Shop
Colorado
60 Facebook Updates
60 Tweets
2 YouTube Video
June
Demo Day
(West
Region)
Chico Fly
Shop
California
60 Facebook Updates
60 Tweets
2 YouTube Video
39. 39
July
Full Page
Color Print
Ad.
Demo Day
(Rockies
Region)
Taylor
Creek Fly
Shop
Colorado
60 Facebook Updates
60 Tweets
2 YouTube Video
August
Sierra Nevada
Tour:
12th
and 13th
Demo Day
(West
Region)
Gorge Fly
Shop
Oregon
60 Facebook Updates
60 Tweets
2 YouTube Video
September
Full Page
Color Print
Ad.
Demo Day
(West
Region)
Elko Fly
Shop
Nevada
60 Facebook Updates
60 Tweets
2 YouTube Video
October
Demo Day
(Rockies
Region)
Big Horn
Fly Shop
Wyoming
60 Facebook Updates
60 Tweets
2 YouTube Video
November
Full Page
Color Ad.
60 Facebook Updates
60 Tweets
1 YouTube Video
December
60 Facebook Updates
60 Tweets
2 YouTube Video
40. 40
8. Projected Profit and Loss Statement
Z+ Model (Premium)
Channel 1: Direct (Web) Channel 2: Direct (Tradeshow) Channel 3: Indirect (Wholesaler)
MSRP $ 1,199.99 $ 1,199.99 $ 1,199.99
Cost for Retailer / / $ 750.00
Cost for Wholesaler / / $ 600.00
Manufacturing Cost $ 250.00 $ 250.00 $ 250.00
Percent of Sales 13.10% 3.60% 83.30%
Revenue per Unit $ 1,199.99 $ 1,199.99 $ 600.00
Gross Profit per Unit $ 949.99 $ 949.99 $ 350.00
Units per Channel 1009.83 277.51 6,421.28
Z Model (Basic)
Channel 1: Direct (Web) Channel 2: Direct (Tradeshow) Channel 3: Indirect (Wholesaler)
MSRP $ 799.99 $ 799.99 $ 799.99
Cost for Retailer / / $ 450.00
Cost for Wholesaler / / $ 360.00
Manufacturing Cost $ 150.00 $ 150.00 $ 150.00
Percent of Sales 13.10% 3.60% 83.30%
Revenue per Unit $ 799.99 $ 799.99 $360.00
Gross Profit per Unit $ 649.99 $ 649.99 $210.00
Units per Channel 543.75 149.43 3,457.61
Revenue per Channel $ 434,998.09 $ 119,541.46 $ 1,244,741.00
COGS per Channel $ 81,563.16 $ 22,414.30 $ 518,642.09
Profit per Channel $ 353,434.93 $ 97,127.16 $ 726,098.92
Total Profit for Z Model $ 1,176,661.00
41. 41
Revenue per Channel $ 1,211,785.44 $ 333,009.74 $ 3,852,769.78
COGS per Channel $ 252,457.40 $ 69,377.61 $ 1,605,320.74
Profit per Channel $ 959,328.03 $ 263,632.13 $ 2,247,449.04
Total Profit for Z+ Model $ 3,470,409.20
Z Strap
Channel 1: Direct (Web) Channel 2: Direct (Tradeshow) Channel 3: Indirect (Wholesaler)
MSRP $ 19.99 $ 19.99 $ 19.99
Cost for Retailer / / $ 12.00
Cost for Wholesaler / / $ 9.60
Manufacturing Cost $ 4.00 $ 4.00 $ 4.00
Percent of Sales 13.10% 3.60% 83.30%
Revenue per Unit $ 19.99 $ 19.99 $ 9.60
Gross Profit per Unit $ 15.99 $15.99 $ 5.60
Units per Channel 1165.19 320.20 7,409.17
Revenue per Channel $ 23,292.11 $ 6,400.88 $ 71,128.06
COGS per Channel $ 4,660.75 $ 1,280.82 $ 29,636.69
Profit per Channel $ 18,631.36 $ 5,120.07 $ 41,491.37
Total Profit for Z Strap $ 65,242.79
Hard Case
Channel 1: Direct (Web) Channel 2: Direct (Tradeshow) Channel 3: Indirect (Wholesaler)
MSRP $ 34.99 $ 34.99 $ 34.99
Cost for Retailer / / $ 27.00
Cost for Wholesaler / / $ 18.00
Manufacturing Cost $ 10.00 $ 10.00 $ 10.00
42. 42
Percent of Sales 13.10% 3.60% 83.30%
Revenue per Unit $ 34.99 $ 34.99 $ 18.00
Gross Profit per Unit $ 24.99 $ 24.99 $ 8.00
Units per Channel 310.72 85.39 1,975.78
Revenue per Channel $ 10,871.98 $ 2,987.72 $ 35,564.03
COGS per Channel $ 3,107.17 $ 853.88 $ 19,757.79
Profit per Channel $ 7,764.81 $ 2,133.84 $ 15,806.23
Total Profit for Hard Case $ 25,704.89
Marketing Expenses
Magazine ($1,515/issue * 5 issues) $ (7,575.00)
Google Ad Words (2077.20 clicks *$ 1.26/per click) $ (2,612.23)
Database (1 system) $ (5,000.00)
Film Festivals (2 festivals * $10,000/festival) $ (20,000.00)
Demo Days (7 demos * $10,000/demo) $ (70,000.00)
Tradeshows (3 Locations * $5000/location) $ 15,000.00)
Total Marketing Expenses $ (120,187.23)
Overhead Expenses
Website(Implementation) $ (3,000.00)
Management Salaries (4*100,000) $ (400,000.00)
Employees Salaries-Fulltime (6*50,000) $ (300,000.00)
Warehouse Supplies $ (10,000.00)
Warehouse Rent/Bills(12 months) $ (15,000.00)
Office Rent/Bills(12 months) $ (20,000.00)
Office Supplies $ (15,000.00)
Total Overhead Expenses $ (763,000.00)
43. 43
Profit and Loss Statement
Revenue
Z Model $ 1,799,280.55
Z+ Model $ 5,397,564.95
Z Strap $ 100,821.05
Hard Case $ 49,423.73
Total Revenue $ 7,347,090.28
COGS
Basic $ (622,619.55)
Premium $ (1,927,155.75)
Strap $ (35,578.26)
Hard Case $ (23,718.84)
Total COGS $ (2,609,072.40)
Operating Expenses
Overhead $ (763,000.00)
Marketing $ (120,187.23)
Total Operating Expenses $ (883,187.23)
Total Profit $ 3,854,830.65
44. 44
9. References/Source Information
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December 5, 2014, from http://www.brandchannel.com/images/papers/442_
hanson_dodge_final.pdf
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Costs for a Customer Database. (2014, September 20). Retrieved December 5, 2014, from
http://www.marketingzone.com/costs-marketing/costs-customer-database
Fly Fisherman Media Kit. (2013). Fly Fisherman Magazine, 2014. Retrieved December 5, 2015,
from http://www.imoutdoorsmedia.com/IM3/fishing/pdf/2014_
FlyFisherman_MediaKit.pdf
Kaczanowska, A. (2013, August). IBIS World report: Hiking &Outdoor Equipment Stores in the
US. Retrieved October 21,2014, from IBISWorld database
Recreational Boating & Fishing Foundation: Outdoor Foundation. (2014). 2014 Special Report
on Fishing. Washington D.C: Sport Fish Restoration
Southwick Associates, Inc. (2012). Survey of U.S Fly Fishing Retailers for the American Fly
Fishing Trade Association. Fernandina Beach: Southwick Associates.
Special Report on Fishing and Boating. (2013). The Outdoor Foundation. Retrieved December 5,
2014, from http://takemefishing.org/uploadedFiles/Content/General/
About_RBFF/Research_ and_Evaluations/2013SpecialReportFinalWEB.2013-06-26.pdf
Transparency Market Research. (2014). Wearable Technology Market- Global Scenario,Trends,
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