File - Nicholas P. Vitukevich
Transcription
File - Nicholas P. Vitukevich
Gracefully Grown Please Play on the Grass… By Grace Ames Alex Terrill Nick Vitukevich Paul Latif Dean Federico and Torey Montesi Product Info Gracefully Grown is a grass seed that grows to a certain length and has a product expectancy of two years. It will not grow past the desired bought length. There is no maintenance needed Seeds are sold residentially (home owners) and commercially (businesses) Product Info cont’d Seed lengths: ¼ inch ½ inch 1 ¾ inch 2 ½ inch 3 ½ inch Our product cost is $1,500 for approximately 10,000 sq. feet (roughly quarter acre) for residential. For commercial applications our product will cost $4,800 for 20,00 sq. feet. (roughly half acre) The product does not expire in the winter months. Due to genetic engineering, our product will last year round. After 24 months the product loses color and disintegrates at which time it can be reseeded. Our competitor is sod (60 cents per sq foot) as well as landscaping companies. Attribute Summary It saves time and money on maintenance. Our product last longer with no maintenance for 24 months. No carbon footprint Genetically engineered to allow water from various forms of precipitation to pass through without affecting the water table. Seeds and expired grass are not harmful to animals or environment Sports teams, golf courses, athletic venues all target markets. Analysis of Buyer Our target market for residential consumers are homeowners between the ages of 30 and 65 with an income of $40,000 or more. Targeting specifically middle class males for lawn care. For commercial applications we will be targeting sports venues such as golf courses, athletic stadiums, and housing complexes. Our main locations to target would be the west (California, Arizona, Nevada) New England and the south (Carolina states, Florida). Marketing Trends The need to have a green, luscious, and healthy lawn year round that requires no work or maintenance will be the ultimate driving force. We are hoping that home owners will recognize that a beautiful lawn and well manicured yard is a staple of home ownership and the American Dream. Marketing Trends Cont’d For Commercial Applications, we are relying that grounds crews and grounds keepers will recognize our grass as the tough and rugged grass that is needed for sports fields and realize the savings that they could accumulate over two years with our product. Applications Before After Applications Cont’d Before After Television Commercial 30 Second ad that will be running throughout the year. Designed to target home owners “Pulsing Advertising” when a sporting event is on TV. NAICS CODE The NAICS code that we will be following is: Landscaping 561730 With an average market value of 5.68 Billion a year spent on lawn care products nationally. With 1.3 Billion spent alone on Lawn seed, fertilizer, and Sod annually Competition Our competitor is any company supplying and installing sod ($0.60 cents per sq foot). Sod computed out at our rates: The Residential rate for 10,000 sq. feet is $6,000.00 The Commercial rate for 20,000 sq. feet is $12,000.00 Using our prices, a savings of $4,500 for residential and $7,200.00 for commercial properties will be made, excluding lawn care for 24 months. No landscaping, watering, and no hassle. Legal Issues We understand that our product may draw unwanted attention by environmentalists. We can assure our customers that our product does not harm the environment or affect water tables. We will start a public relations campaign informing the public of the harmful fumes caused by small engines found on lawn mowers, weed whackers, and other lawn care equipment. Because our lawn requires NO maintenance, these engines will no longer be needed by our customers. Creative Work Plan Communicate why someone should buy our product: 1). 2). 3). 4). 5). Saves money Last 2 years without fading or dying No upkeep, no work, no effort, no watering Never have to worry about weeds One constant shade of bright green 6). Lasts all winter 7). Always looks presentable Type of Media Gracefully Grown will use a synergistic media format. We will use TV, Radio, and magazine advertising to reach as many people as possible. Radio: one minute ad TV: thirty second commercial Magazine: Published full page ad featuring multiple colors and bleed. Media Forms Used TV Targeting major networks during sporting events where the audience will be most likely home owners and men, and events like Golf, Football, Baseball and Soccer. Magazine Targeted to Better Homes and Garden, Golf Digest, Men’s and Women’s Health, and Lawn and Landscape. Radio Radio will be used because of it’s cost effective reach and older demographic listening to the radio in the car and in the yard. Media Plan Region: TV RADIO (FM) Boston Manchester California Florida Arizona WHDH, WCV WMUR KGET, KNBC WBBH, WTLV KNAZ, KNPX MAGAZINE 107.9 101.1 105.3 104.7 102.1 Homes and Garden Golf Digest Men’s and Women’s Health Lawn and Landscape Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June. July Aug. Television M M L L L L H H H H H H Magazine M M M M M M H H H H H H Radio M M M L L L L H H H H H H = Heavy Ad Campaign M= Medium Ad Campaign L = Light Ad Campaign How Will Integrated Marketing be used? Integrated market communications will be used on TV, Radio, and Magazines. TV will reach the home owner while they are watching sports. Radio ads will reach our audience in their vehicles and while their working in the yard. Magazines will reach golfers, home improvement home owners and other consumers during all seasons. Media Plan Cont’d We chose to market heavy more towards the summer because it is when people focus on lawn and garden care the most. People are not concerned about lawn care during the winter months in New England, which is why we are minimizing our marketing and advertising during that time. Cost of Ad Campaigns (1 year) Radio Region: Cost for RADIO Boston 107.9 (WXKS-FM-Kiss 108) $1,000 Manchester 101.1 (WGIR-FM-Rock 101) $500 California 105.3 (KIOZ-FM-Rock 105.3) $2,500 Florida 104.7 (WIRA-1400AM) $500 Arizona 102.1 (KAHM-FM) $500 Total = $5,000 a week Total= $260,000 a year *These prices are based on if our ad were to run once per day Monday-Friday and twice on Saturday and Sunday. Cost of Ad Campaigns (1 year) Magazine Golf Digest $ 88,000.00 Better Homes and Gardens $ 35,000.00 Men’s and Women’s Health $ 121,000.00 Lawn and Landscape $ 6,900.00 Total = $ 250,900 for a year *The hope is that the Magazine ads have a “life” and will be around longer than radio ads and can be viewed year round. •Magazine Ad •Featuring a full page ad with vibrant colors incorporating bleed. •The ad will be located on the 2nd cover or behind the front cover of the Magazine Cost of Ad Campaigns (1 year) TV Region: Boston Manchester Arizona California Florida TV WHDH, WCV WMUR KNAZ, KNPX KGET, KNBC WBBH, WTLV Cost (30 second ad) $62,000 $31,000 $57,000 $58,000 $41,000 = $249,000 a month Total = $2,988,000 a year *These figures reflect one 30 second ad played at any time during the day at least once a week. Cost of Ad Campaign (1 year) The total cost for 1 year of advertising will be Radio = $260,000.00 a year Magazine = $250,000.00 a year Television = $2,988,000 a year TOTAL = $3,498,000 a year Evaluation Method We will closely monitor inventory at our largest retailers: Home Depot and Lowe’s. With easy customer surveys with every purchase of our product. Facebook – We will follow our Facebook page and track the number of “likes”. Twitter – Trending topic. Email before & after lawn photo for free picket sign. Evaluation Method cont. Post-purchase cognitive dissonance – follow up email with optional survey. Questions including: How did you learn about our product? Would you recommend us to someone else? What was the use of our product? (home décor, sports related, recreation) How can we improve our product? Gracefully Grown Please Play on the Grass…