Tai Pei book
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group members:<br />
hai | jacqueline | mackenzie | xaymara
TABLE OF CONTENts<br />
02.tai pei’s position<br />
03.<strong>Tai</strong> pei’s analysis<br />
04.frozen food category<br />
05.consumer trends<br />
06. tai pei’s competitors<br />
11. summary and barriers<br />
12.geographic<br />
13.the audience<br />
15.seasonality<br />
18.theme<br />
19.objective, strategies, tactics<br />
28.budget breakdown<br />
29.flowchart<br />
30.appendix
POSITION<br />
FROZEN CATEGORY<br />
The frozen food business has been “flat or declining<br />
in terms of growth for the past several years.”One<br />
of the reasons is because people think frozen food is<br />
unhealthy.<br />
The category needs more excitement, innovation,<br />
and more awareness (especially for <strong>Tai</strong> <strong>Pei</strong>).Frozen<br />
food aisles are one of the most difficult aisles to shop<br />
because the products are all behind closed doors and<br />
there are many options to choose from.<br />
TAI PEI<br />
Awareness of <strong>Tai</strong> <strong>Pei</strong> is very low: 60.88% of all survey<br />
monkey participants were unfamiliar with this<br />
brand.There is currently a negative attitude towards<br />
<strong>Tai</strong> <strong>Pei</strong> because consumers perceive it as unhealthy<br />
and un- appealing.<br />
The usage of <strong>Tai</strong> <strong>Pei</strong> is also very low with 8.57% of all<br />
survey participants having purchased <strong>Tai</strong> <strong>Pei</strong> before<br />
and only 1.90% of those that have previously purchased<br />
it, purchase it often.<br />
2
SWOT ANALYSIS<br />
STRENGTHS<br />
<strong>Tai</strong> <strong>Pei</strong> is a part of the Ajinomoto Winsor family,<br />
which is famous for focusing on innovation<br />
and technology in giving their customers better<br />
lives20-year history of delivering easy, convenient,<br />
and delicious Asian single-serve frozen entree.<br />
Provide exceptional and outstanding choices<br />
as well as flavor at an affordable price.<br />
Clean ingredients.Smart, well-designed, and<br />
convenient packaging. Innovative techniques<br />
that keep the food’s nutrition and favor, such as<br />
flash freezing, which in enables the high quality<br />
of their food.Following the principle of giving<br />
consumers restaurant quality in frozen food<br />
form.<br />
OPPOTUNITIES<br />
Asian frozen food can satisfy currentfood<br />
trends (taste, health, ease, and convenience)<br />
and demands. People like Asian food, especially<br />
Chinese food. (In a survey with 1,899 responses,<br />
80% of respondents said they like Chinese food).<br />
Millennials are looking for varying cultural cuisines,<br />
natural, convenient foods at a reasonable<br />
price, therefore,Millennials fit perfectly into the<br />
<strong>Tai</strong> <strong>Pei</strong>’s category. In addition, the Millennials<br />
population is increasing.<br />
WEAKNESSES<br />
Limited distribution network.Lack of brand<br />
awareness (60% of people are unfamiliar with <strong>Tai</strong><br />
<strong>Pei</strong>)Lack of attention paid on advertising, as well<br />
as too small of an advertising budget. Lack of<br />
promotional programs.Although <strong>Tai</strong> <strong>Pei</strong>’s goal is<br />
to provide outstanding choices at affordable prices,<br />
they are still struggling between quality and<br />
price.<br />
THREATS<br />
<strong>Tai</strong> <strong>Pei</strong> has Many large, well-established, and<br />
well-known competitors. Chinese restaurants<br />
are also a threat.The category (Asian frozen<br />
food) has high competition, compared to other<br />
frozen food categories. <strong>Tai</strong> <strong>Pei</strong> also has poor<br />
nutritional value, it is considered sugary in<br />
flavor and low in quality. People want fresh food<br />
or real Chinese food. They also worry about<br />
MSG.The consumers brand perception is a<br />
threat. Most people claimed that they have never<br />
heard about the brand. People usually have<br />
negative feeling towards new products. Since the<br />
brand is new, people are hesitant to try it.<br />
3
FROZEN FOOD<br />
LANDSCAPE<br />
Frozen food offers many challenges in today’s ever changing market. With fresh food consumption<br />
at a 30-year high the challenge to shift consumers back into the frozen food aisle for reasons<br />
other than convenience has never been higher. Consumers want fresh and often times health<br />
conscious options. The stigma that surrounds fast food is a large hurdle that needs to be overcome<br />
through advertising. A few key issues of frozen food such as, being unhealthy and of subpar<br />
quality is no longer the case. Being able to offer quality products that rival those of restaurants is<br />
now possible thanks to technique used by <strong>Tai</strong> <strong>Pei</strong> such as flash freezing.<br />
Although there was an evident<br />
decline for frozen food<br />
during 2013 and 2014, this<br />
forecast also displays potential<br />
growth for the brand in<br />
more recent years. If our media<br />
plan is well-executed, it<br />
could reverse the downfall<br />
and make the category relevant<br />
to the new target audience.<br />
4
CONSUMER TREND<br />
According to the Mintel Snacking Motivations and Attitudes – US Report, April 2015, “Snacking<br />
has become nearly universal, with 94% of adults snacking at least once per day.” The lack of freetime<br />
for the average adult is an enormous influence on why snack usage has increased so much.<br />
Consumers currently desire convenient and quick offerings. Now, roughly 60% of consumers eat at<br />
least two snacks per day.<br />
However, more and more consumers want to eat fresh foods as well. <strong>Tai</strong> <strong>Pei</strong> has the capacity to fulfill<br />
both roles of being a convenient yet authentic meal.<br />
FROZEN SNACK PURCHASE FACTORS, BY PRESENCE OF CHILDREN IN HOUSEHOLD, JANUARY 10<br />
Although freshness is what more<br />
and more consumers are searching<br />
for in frozen food products, the original<br />
traits of this food category are<br />
what draws consumers to the frozen<br />
food aisle. Both the innovative<br />
packaging and the affordable pricing<br />
makes <strong>Tai</strong> <strong>Pei</strong> a suitable meal for individuals<br />
who are constantly on the<br />
move, whether it’s at school or work.<br />
5
COMPETITORS<br />
* Range is base on Dollar Sales on Asian Single Serve Entrees Brand Ranking - Total US MULO<br />
6
COMPETITORS’<br />
ads & slogan<br />
Culinary inspired meals<br />
with a crisp, fresh taste<br />
It’s what’s on the inside that<br />
counts<br />
Frozen meals the whole<br />
family will love<br />
Freshly made,<br />
simply frozen dinners<br />
We love to cook for you<br />
Stir up a full menu<br />
7
COMPETITORS<br />
SOCIAL MEDIA COMPARATION<br />
Face<strong>book</strong>-123,000 liking followers, Customer comments are positive, <strong>Tai</strong> <strong>Pei</strong> Customer service responds<br />
adequately and in a timely manner<br />
Twitter-1,013 followers, Very little to no customer interaction, Missed opportunities with a lack of<br />
promotion and awareness.<br />
Pinterest-173 followers, Infrequent posting and all at one time, couldbe used to showcase the<br />
product instead of the packaging and recipes.<br />
Instagram- <strong>Tai</strong> <strong>Pei</strong> needs to expand communication<br />
8
COMPETITORS<br />
brands’ ad spendings last 12 months<br />
Compared to the majority of <strong>Tai</strong> <strong>Pei</strong>s competitors, they are lagging behind substantially in total spent<br />
on advertisement, as well as in total sales. We believe this is due primarily to how they are currently<br />
spending their advertising budget. For instance, Stouffers spent $23765.2 (000) during the previous<br />
12-month period with sales totaling $678,326,400. <strong>Tai</strong> <strong>Pei</strong> on the other hand spent, $17(000) with sales<br />
totaling $80,000,000. <strong>Tai</strong> <strong>Pei</strong> received excellent returns on their sales, however they can and will do<br />
much better under our plan, by diversify where they spend their advertising dollars, as well as focusing<br />
in on the key market of millennials.<br />
9
COMPETITORS<br />
competition’s recapitulation<br />
<strong>Tai</strong> <strong>Pei</strong> is lagging behind the competition in a few key areas that include diverse advertising<br />
strategies, social media engagement, product portions and brand recognition.<strong>Tai</strong> <strong>Pei</strong> is able<br />
to differentiate themselves by offering more variety within the Asian food category. their<br />
packaging is reminiscent of Chinese take-out, which is eye grabbing and differentiates themselves<br />
from the common bag and box others traditionally use.<br />
In order to increase their share of the market we would recommend expanding advertising<br />
and following through with their commitment to healthy meals, while keeping the variety<br />
and unique packaging.<br />
10
SUMMARY<br />
Currently, the frozen food category has the potential to increase exponentially as we shift our target<br />
audience from women in their early thirties to millennials. We also plan on changing the consumer’s<br />
perspective of frozen food into a positive one as well as increasing the brand awareness of<br />
<strong>Tai</strong> <strong>Pei</strong> itself. Although <strong>Tai</strong> <strong>Pei</strong> has many well-known and well-established competitors, we have<br />
quick, quality meals that match current eating trends such as snacking. By increasing and diversifying<br />
<strong>Tai</strong> <strong>Pei</strong>’s advertising strategy and social media interaction it will become more relevant to<br />
millennials and inevitably increase the brand loyalty as well. Next, we’ll show you our tactics that<br />
will transform <strong>Tai</strong> <strong>Pei</strong> into a noteworthy and appealing brand to our “on-the-go” consumers.<br />
PURCHASE FUNNEL<br />
11
GEOGRAPHIC<br />
simply map frozen food consumsions<br />
geographic analysis<br />
Montana, Wyoming, North/South Dakota, and Maine are the least exposed to frozen food.<br />
States in the Northwest and Center regions should be focused on (Primarily the dark pink/red<br />
states)<br />
Some states in the East* could be eligible as well.<br />
*Kentucky, South Carolina, West Virginia, Connecticut, Rhode Island, Vermont, New Hampshire.<br />
12
TARGET AUDIENCE<br />
Millennials, individuals that are between the ages of 18 and 24 years old, currently make up<br />
almost ten percent of the United States population, and are expected to surpass the baby boomer<br />
generation in the coming decades. With this knowledge it is vital that marketing and advertising<br />
starts to not only encompass millennials within their campaigns, but shift some of their focus<br />
towards them. Thankfully some of the techniques used with baby boomers are also effective with<br />
millennials, such as their ability to never settle and always achieve more.<br />
Many people think of Millennials as lazy, this could not be any further from the truth. Millennials<br />
may not show motivation and dedication in the same way as other generations because of<br />
their entrepreneurial spirit.<br />
Millennials can be described as explorers with their values consisting of not only adventure, discovery,<br />
living boldly, but life experiences as well. They can be described as the generation of discovery.<br />
With being adventurous comes a lack of time, because of this, the convenience of frozen<br />
food should be alluring to them. Currently their health is also of the utmost importance, so that<br />
they are able to keep up with their busy lifestyles. With their health in mind, millennials are not<br />
frequent visitors to the frozen food aisle because of the stigmas that frozen foods currently have.<br />
There are a few brands that have started to take note of what millennials crave, and <strong>Tai</strong> <strong>Pei</strong> is at<br />
the forefront of this. With their bold flavors, authentic recipes and health conscious entrees and<br />
snacks, millennials can enjoy quality, health conscious food to keep up with their adventurous<br />
lifestyle. The unique flavors of <strong>Tai</strong> <strong>Pei</strong> feed their need for discovery and their new and improved<br />
health conscious recipes are not only bursting with flavor, but they are healthy and filling as well<br />
enabling them to explore all that life has to offer. The convenience factor and health conscious<br />
nature of <strong>Tai</strong> <strong>Pei</strong> is the perfect complement to the Millennials need for adventure, discovery and<br />
a life lived boldly.<br />
13
TARGET AUDIENCE<br />
Our new Target audience is Millennials who<br />
are between the ages of 18 to 24. We segmented<br />
them into three groups: male, female, and college<br />
students. Some of the common desires they share<br />
include their desire for convenience, good flavor,<br />
and affordable prices. However, their personal values<br />
include a craving for discovery, balance, and new<br />
experiences.<br />
MALE<br />
Meet Mike, he likes food that keeps him full. He hates feeling hungry after<br />
eating. He has people to meet and places to be. He likes to live life to the<br />
fullest and enjoys a good dose of adventure. He doesn’t cook and can no<br />
longer just go to his parents for food. Between adventures he finds himself<br />
eating the easy to make yet filling <strong>Tai</strong> <strong>Pei</strong>.<br />
female<br />
Meet Teresa, she values food that has beneficial ingredients and natural content. She<br />
wants to experience life to its fullest and diskies the blandness of constant routine.<br />
When she ventures out of routine to something new and exciting, she doesn’t alwways<br />
have time to prepare a meal but she still needs to fuel up so she ops for the<br />
filling, portable, and flavourful <strong>Tai</strong> <strong>Pei</strong>.<br />
Meet Amy and Danny, they go to college and are<br />
constantly trying to balance their grades, social life,<br />
and work. They like to spend time with friends and<br />
break out of the school and work zone. They don’t<br />
always have time to have a meal in a restaurant and<br />
many times eat as they work or do school works. They<br />
reach for tai <strong>Pei</strong> to keep them fueld up for the work<br />
that is ahead and the fun that waits.<br />
www. yourcompany.com<br />
college<br />
14
SEASONALITY<br />
Sales are up during the summer<br />
months (June and July)<br />
The rest of the months are<br />
steady but are dependent on<br />
weather<br />
Colder weather causes people<br />
to eat at home instead of eating<br />
out. This leads to more people<br />
making frozen food an option.<br />
Match is National Frozen food<br />
month and is included in the<br />
summer months as a time of<br />
high sales.<br />
Based on survey monkey consumers usually eat frozen food for dinner or for lunch. This<br />
means that they are eating it either at their place of work or once they get home from work.<br />
Some consumers have it as an evening snack; few have it as breakfast or a late night snack.<br />
This means that it may be best to try to reach them at their place of work or school right<br />
before the lunch cravings as well as on their drive home from their place of work since they<br />
are probably thinking about what they want to eat and may be too tired to make dinner.<br />
15
SEASONALITY<br />
campgain<br />
april - march<br />
The frozen food department tends to show some seasonality during the summer months and also<br />
in March focused around National Frozen Food Month. The winter months are not top months<br />
for frozen food but some variations can be found depending on the temperature. Warm winters<br />
affect consumer demand for frozen foods negatively. Areas with warmer winters experience a<br />
decline in sales. With a mild winter in much of the country, shoppers were more likely to eat out.<br />
The overall sales are very close to consistent; they don’t drop or rise sharply in any particular<br />
time. Although it is consistent, the reason of purchase can change based on season and temperature.<br />
In the winter cold is good because people are encouraged to stay in instead of eating out.<br />
In the summer people are out and ads need to go where the people are. This led us to create a<br />
seasonal plan that is tailored to where people spend their time based on the season.<br />
16
SEASONALITY<br />
We will kick off our every day adventures campaign in April, because the summer<br />
months are good months for frozen food we cant have a slow kickoff. Magazines,<br />
cable television, social media, out-door ads, and music media would be used.<br />
This momentum would push us into the back to school phase where we focus on school<br />
events and supplement with smaller doses of all our other ads. Outdoor ads will decrease<br />
since these are primarily used in summer. Once winter arrives our focus shifts more towards<br />
ads that are mainly in home or in shopping places. This includes Social media, music media,<br />
cable commercials, magazine ads and poster size ads in shopping places. We would also partner<br />
with coffee shop near shopping areas since warm coffee is popular during winter seasons. We<br />
would then end with a bang in the frozen food Isle as we reach frozen food month in March. We<br />
would mainly used our owned media and set up guerillas near the frozen food isle.<br />
KICKOFF<br />
APRIL - JULY<br />
Every day adventures Campaign,<br />
Face<strong>book</strong> ads, Instagram ads, Spotify<br />
ads Magazine ads, Pandora ads,<br />
Cable commercial ads and outdoor<br />
ads in popular places of summer<br />
gatherings. Search engine adword.<br />
BACK<br />
TO SCHOOL<br />
AUGUST - NOVEMBER<br />
In school ads, guerilla tactics in<br />
school supply section. School<br />
events. Face<strong>book</strong> ads, Instagram<br />
ads, Spotify ads, Pandora ads, Magazine<br />
ads, Cable commercial ads.<br />
WINTER<br />
DECEMBER - FEBRUARY<br />
Cable commercial ads, Ads within<br />
shopping centers and malls. Coffee<br />
shop ads. magazine ads, Face<strong>book</strong><br />
ads, Instagram ads, Spotify ads.<br />
NATIONAL<br />
FROZEN FOOD<br />
MARCH<br />
Face<strong>book</strong> ads, Instagram ads, frozen<br />
food isle guerilla.<br />
17
THEME<br />
fuel your ADVENTURE<br />
The idea is that <strong>Tai</strong> <strong>Pei</strong> can fuel your adventure. It can transport you somewhere<br />
else or is a way to escape the ordinary. This is the box transporting<br />
you into somewhere else or making your current situation different. This<br />
is based off the insight that the target seeks new experiences and value<br />
discovery.<br />
18
OBJECTIVE 1+2<br />
10 MILLIONS CAMPAIGN<br />
Objective:<br />
To increase awareness 60% for <strong>Tai</strong> <strong>Pei</strong><br />
in one fiscal year<br />
Strategy:<br />
Appling variety traditional as well<br />
as digital forms of media for gaining<br />
awareness of the brand.<br />
Events and Gorilla are also applied to<br />
reach target audience.<br />
19
TACTICS<br />
$<br />
TV - Cable TV<br />
In-store<br />
What: We will advertise <strong>Tai</strong> <strong>Pei</strong> in Wal-Mart<br />
near the electronics, magazines, school supplies,<br />
music, and <strong>book</strong>s sections. We will focus<br />
on major cities within states with high<br />
frozen food consumption. We will divide into<br />
two phases: Kick off (180 stores) and back to<br />
school (153 stores).<br />
Why: Millennials rarely go in the frozen food<br />
aisle. In order to get them there we need to<br />
meet them where they are. Millennials love<br />
Wal-Mart, which is why we are focusing on<br />
Wal-Mart for in-store advertising.<br />
How much: $500,000<br />
How Many: 40 Million*<br />
What: We will place 15 minute ads from midnight<br />
to 1am on Adult Swim, MTV 2, Teen Nick, and<br />
Cartoon Network.<br />
Why: Many Millennials watch Adult Swim and<br />
MTV 2. MTV 2 has an Index of 322 that includes<br />
both genders. Close behind is Adult Swim with an<br />
index of 285. Following those we have Cartoon Network<br />
and Teen Nick. Millennials top time to watch<br />
Cable Television is from 12 midnight to 1 a.m. from<br />
Monday to Sunday. All four channels cover 64.2%<br />
of the target audience’s population.<br />
How Much: $4.5 Million<br />
How Many: 90,000<br />
Magazine<br />
What: We will place a half page, full color ad during<br />
the kickoff.<br />
Why: Millennials don’t spend the majority of their<br />
time reading magazines but at least 20% of them<br />
read Parade magazine.<br />
How Much: $500,000<br />
How Many: 1 Million*<br />
20<br />
*Agency estimate
TACTICS<br />
national<br />
<strong>Tai</strong> <strong>Pei</strong><br />
Events/ Guerilla<br />
Out-of-Home<br />
What: We will use billboards in major cities<br />
within states with medium consumption of<br />
frozen food. This would be during the kickoff<br />
phase and back to school phase.<br />
Why: Billboards give us high impression, and<br />
high awareness at low cost, especially in states<br />
with low or medium consumption of frozen<br />
food. We will use a lot of creative to generate<br />
buzz. Billboards are directional so we will direct<br />
traffic to nearest stores.<br />
How much: $500,000<br />
How Many: 250 Million*<br />
21<br />
EVENTS:<br />
What: We will create or sponsor four nationwide<br />
events during the winter phase with themes related<br />
to “fuel your adventure” such as sport or camping<br />
events.<br />
Why: Winter is a flat season for frozen food. By<br />
having events, we can keep the momentum of the<br />
summer months. Although managing an event<br />
is high cost and low reach, events can help bring<br />
potential target markets and generate buzz among<br />
them.<br />
How much: $700,000<br />
How many: 20 Million*<br />
GUERILLA:<br />
What: Based on the idea of “fuel your adventure,”<br />
we will create large <strong>Tai</strong> <strong>Pei</strong> boxes which also include<br />
chargers for Millennials’ running-out-ofbattery<br />
power. Happening along with the large<br />
boxes other activities to help them to discover<br />
the <strong>Tai</strong> <strong>Pei</strong>’s world. Coupons will also be provided<br />
within a guerilla type ad of a huge <strong>Tai</strong> <strong>Pei</strong> box, so<br />
we can get Millennials to walk over to the frozen<br />
food aisle.<br />
Why: Guerilla draw attentions. Guerilla can also<br />
be filmed for advertising and commercial purposes.<br />
How much: $300,000<br />
How many: 10 Million*<br />
*Agency estimate
TACTICS<br />
Face<strong>book</strong>/Instagram<br />
What: We will make Face<strong>book</strong> posts that require<br />
the audience to solve a problem, riddle or anagram.<br />
All of the answers will be part of a scavenger hunt<br />
that requires clues found on the box as well.<br />
Why: Millennials are heavy users of social media<br />
because they like to share their experience. Posts<br />
that require finding an answer engage the audience<br />
and may get more shares and comments than posts<br />
that are just an image.<br />
How much: $400,000<br />
How many: 59 Million<br />
Online Radio Streaming<br />
What: Run 10 seconds ads between playlist. We<br />
will focus on 4 major online radio channels which<br />
are Pandora, iTunes, Spotify, and iHeart.<br />
Why: Millennial score low on the index for radio<br />
even in high quintiles. Most Millennials do not<br />
listen to radio because they usually listen to music<br />
via online radio. Also, traditional radio is local<br />
but internet radio is worldwide, which is the better<br />
choice for national campaign.<br />
How Much: $200,000<br />
How Many: 75 Million*<br />
22<br />
*Agency estimate
TACTICS<br />
Google Adwords<br />
Youtube<br />
DISPLAY ADS<br />
What: We will place banner ads, and display ads in<br />
game walk trough’s, game play, and popular music<br />
videos.<br />
Why: YouTube has high Millennial usage. Our target<br />
audience likes to eat and watch YouTube at the<br />
same time. By putting ads at the time of need, we<br />
can reach a large number of Millennials.<br />
How much: $300,000<br />
How many: 40 Million*<br />
YOUTUBERS<br />
What: We will hire highly viewed Youtubers to<br />
publish a series of product reviews and share their<br />
experiences with the products.<br />
Why: Applying similar methods of using celebrities<br />
in advertising, we use famous Youtubers to create<br />
buzz among YouTube society and engage people to<br />
the brand.<br />
How much: $100,000<br />
How many: 50,000*<br />
What: We will use Google AdWords to direct<br />
people to the <strong>Tai</strong> <strong>Pei</strong> brands website when the<br />
search words such as frozen food, Asian frozen<br />
food, Asian food, explore, adventure, experience,<br />
and fuel are searched.<br />
Why: This will link the thought of these subjects<br />
and ideas with our brand and help bring<br />
our brand to mind when they think of these<br />
subjects which are common values of our target.<br />
How much: $500,000<br />
How many: 150,000 Clicks<br />
0:00/2:56<br />
23<br />
*Agency estimate
BUDGET<br />
BREAKDOWN 1+2<br />
8.5MM<br />
1.5MM<br />
Media costs<br />
Agency fee, production cost, contingency fund<br />
Cable TV<br />
4,500,000<br />
MTV2 1,300,000<br />
Adult Swim 1,200,000<br />
TeenNick 1,100,000<br />
Cartoon Network<br />
90,000<br />
Magazine<br />
500,000<br />
Parade 500,000<br />
In-Store 500,000<br />
Walmart<br />
-Kickoff phase (180 stores)<br />
-Back to school phase (153 stores)<br />
*Agency estimate for advertising activities is $1,500/store<br />
*270,000<br />
*230,000<br />
Out-of-Home 500,000<br />
Billboards<br />
-Kickoff phase<br />
-Back to school phase<br />
300,000<br />
200,000<br />
Online 1,500,000<br />
Face<strong>book</strong>/Instagram 400,000<br />
Youtube<br />
-Video ads 300,000<br />
-Sponsors 100,000<br />
Radio Online Streaming<br />
-Pandora 117,000<br />
-iTune Radio 34,600<br />
-Spotify 25,400<br />
-iHeart 23,000<br />
Google AdWords 500,000<br />
Events/Guerilla 1,000,000<br />
24
OBJECTIVE 3<br />
5 MILLIONS CAMPAIGN<br />
Objective:<br />
To gain loyalty 40% for <strong>Tai</strong> <strong>Pei</strong> in one fiscal<br />
year<br />
Strategy:<br />
Promotion, Events and Guerilla events are<br />
focused to encourage the repurchasing of<br />
<strong>Tai</strong> <strong>Pei</strong>. Appling a variety of traditional as<br />
well as digital forms of media for gaining<br />
awareness of the promotion, events, as<br />
well as the brand.<br />
25
TACTICS<br />
TRIP<br />
travel<br />
TO CHINA<br />
Specialties<br />
What: Hand out special clips used for mountain<br />
climbing with <strong>Tai</strong> <strong>Pei</strong>’s logo on it. Or similar<br />
accessories realted to adventures.<br />
Why: To remind consumers that <strong>Tai</strong> <strong>Pei</strong><br />
should be associated with exploration and<br />
discovery at an affordable price. It would<br />
also be used to keep <strong>Tai</strong> <strong>Pei</strong> at the top of our<br />
consumer’s minds as they use the clip to help<br />
them throughout their busy lives.<br />
How much: $300,000<br />
How many: 500,000*<br />
Promotion<br />
What: We will have a promotion for winning a<br />
trip to China for two lucky consumers that found<br />
matching codes, which are printed inside <strong>Tai</strong> <strong>Pei</strong><br />
boxes. The two individuals will each win a trip for<br />
themselves and one other to China to experience<br />
the culture, food, and the adventure of visiting a<br />
foreign nation. The trip will conclude with a trip<br />
to the Great Wall of China. Moreover, a number of<br />
coupons as well as giveaways will be the prizes that<br />
consumers can win by purchasing <strong>Tai</strong> <strong>Pei</strong>.<br />
Why: Promotion and prizes can increase the value<br />
of the product or brand by offering an extra incentive<br />
to purchase it. They also encourage consumers,<br />
especially Millennials, to choose <strong>Tai</strong> <strong>Pei</strong> and repurchase.<br />
How much: $1,500,000<br />
How many: 3 Million*<br />
26<br />
*Agency estimate
TACTICS<br />
Events/ Guerilla<br />
EVENTS:<br />
What: We will host or sponsor some events and<br />
concerts, especially during the National Frozen<br />
Food phase.<br />
Why: National Frozen Food Month is a big chance<br />
to boost sales by encouraging consumer repurchase<br />
of <strong>Tai</strong> <strong>Pei</strong>. Through a series of activities and<br />
events, we can remind consumers to choose <strong>Tai</strong><br />
<strong>Pei</strong>.<br />
How much: $1,000,000<br />
How many: 20 Miilon*<br />
GUERILLA:<br />
What: Giant golden chopsticks in high traffic areas.<br />
Individuals share photos of themselves posing<br />
with them on social media for a chance to win<br />
American Express gift cards or some other prize<br />
including their own golden chopsticks.<br />
Why: Guerilla marketing draw attentions. Guerilla<br />
can also be filmed for advertising as well as<br />
commercial purposes. By including acontest with<br />
Guerilla marketing , we can generate more buzz<br />
on social media.<br />
How much: $550,000<br />
How many: 10 Million*<br />
27<br />
*Agency estimate
TACTICS<br />
Youtube<br />
What: We will place banner ads, and display ads on<br />
Youtube. We will also create and share videos about<br />
our promotions, events, guerillas, as well as video<br />
sharing with our events and products.<br />
Why: Up to 62.4% of Millenials watch Youtube.<br />
They especially like to eat while watching videos on<br />
Youtube. It’s a good time to recommend them to<br />
get <strong>Tai</strong> <strong>Pei</strong>, especially when they can be told about<br />
chances to win prizes.<br />
How much: $200,000<br />
How many: 40 Million*<br />
Face<strong>book</strong>/ Instagram<br />
What: Face<strong>book</strong>s post as well as Face<strong>book</strong><br />
ads that announce and inform about our promotions<br />
or events. Face<strong>book</strong> can be used for<br />
Millenialls to share information about our<br />
promotion and events.<br />
Why: Face<strong>book</strong> is good to gain awareness<br />
among target our audience.<br />
How much: $200,000<br />
How many: 59 Million<br />
Online Radio Streaming<br />
What: Run 10 seconds ads between playlists. We<br />
still focus on 4 major online radio channels. We<br />
will also use internet radio to announce news and<br />
information about out promotions and events.<br />
Why: Millennials use online radio rather than traditional<br />
radio. Online radio is the best medium<br />
to notify Millennials about our promotion and<br />
events.<br />
How Much: $150,000<br />
How Many: 75 Million*<br />
28<br />
*Agency estimate
TACTICS<br />
FUEL YOUR ADVENTURE<br />
In-store<br />
Out-of-Home<br />
What: Along with billboard to gain awareness<br />
of the brand, we will also place billboards to<br />
inform about promotion and events. Some<br />
billboards will be applied as guerilla techniques.<br />
Also, part of the budget for this, we are going<br />
to use wraped vehicle advertising.<br />
Why: Billboards are a great medium to gain<br />
awareness at a low cost. Its will good for high<br />
frequency to gain awareness and make our<br />
message more memorable.<br />
How much: $500,000<br />
How Many: 300 Million*<br />
What: After successfully running a series of<br />
ads in store to gain awareness of the brand.<br />
Our next step is to remind Walmart shoppers<br />
to come back to the frozen aisle to pick up<br />
more <strong>Tai</strong> <strong>Pei</strong>.<br />
Why: Millennials love Wal-Mart. As they<br />
are at Walmart, we want them to pick <strong>Tai</strong> <strong>Pei</strong><br />
again.<br />
How much: $500,000<br />
How Many: 40 Million*<br />
29<br />
*Agency estimate
BUDGET<br />
BREAKDOWN 1+2<br />
additional 5MM PLAN<br />
Promotion<br />
1,800,000<br />
Trip promotion 1,500,000<br />
Specialties 300,000<br />
Events<br />
1,000,000<br />
Guerilla 550,000<br />
In-Store 500,000<br />
Out-of-Home<br />
Billboards<br />
Vehicle Wrapped Ads<br />
Online<br />
Face<strong>book</strong>/Instagram<br />
Online Radio Streaming<br />
Youtube<br />
500,000<br />
650,000<br />
200,000<br />
150,000<br />
200,000<br />
30
APPENDIX<br />
Database<br />
Adspender; SRDS; Media Audit; Simmons<br />
Pricing<br />
http://www.bpsoutdoor.com/blog/?p=3<br />
http://fitsmallbusiness.com/how-much-does-billboard-advertising-cost/<br />
http://www.bluelinemedia.com/billboard-advertising<br />
http://www.walmartsmartnetwork.info/index.htm<br />
http://www.bluelinemedia.com/supermarket-advertising#markets<br />
Geography and population<br />
http://factfinder.census.gov/<br />
Mintel Case Study<br />
http://simplymap.com.ezproxy.lib.uh.edu/index.html<br />
Seasonality<br />
https://elearning.uh.edu/bbcswebdav/pid-3106505-dt-contentrid-21036476_1/courses/H_20163_COMM_4360_13331_MAIN/<br />
NSAC17_BackgroundInfo_<strong>Tai</strong><strong>Pei</strong>.pdf<br />
http://guides.lib.uh.edu/comm4360<br />
Target<br />
https://elearning.uh.edu/bbcswebdav/pid-3106505-dt-contentrid-21036476_1/courses/H_20163_COMM_4360_13331_MAIN/<br />
NSAC17_BackgroundInfo_<strong>Tai</strong><strong>Pei</strong>.pdf<br />
http://guides.lib.uh.edu/comm4360<br />
http://www.marketingcharts.com/traditional/so-how-many-millennials-arethere-in-the-us-anyway-30401/<br />
http://www.pewresearch.org/fact-tank/2016/04/25/millennials-overtake-baby-boomers/<br />
Survey Monkey<br />
Nielsen<br />
Situation Analysis<br />
Mintel Case Study<br />
http://simplymap.com.ezproxy.lib.uh.edu/index.html<br />
Survey Money<br />
32