Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 16

Strategic Marketing Plan

Contents
Introduction......................................................................................................................................2
Product Name..................................................................................................................................2
Description of product.....................................................................................................................2
Qualities of product.........................................................................................................................3
Objectives........................................................................................................................................3
Mission Statement.......................................................................................................................3
Marketing Objectives...................................................................................................................3
SMART Goals.................................................................................................................................4
Target Market..................................................................................................................................5
Competition.....................................................................................................................................5
SWOT Analysis...............................................................................................................................6
Strength:.......................................................................................................................................6
Weakness:....................................................................................................................................6
Opportunity:.................................................................................................................................6
Threat:..........................................................................................................................................7
Product Features..............................................................................................................................7
Legal and ethical implications:........................................................................................................8
Core Strategy...................................................................................................................................8
Marketing Mix...............................................................................................................................10
Product:......................................................................................................................................10
Price:..........................................................................................................................................10
Place:..........................................................................................................................................10
Promotion:.................................................................................................................................11
Conclusion.....................................................................................................................................11
References......................................................................................................................................12
Introduction
The strategic marketing plan of this business model is to launch a cold energy drink in the
market and to ensure good quality and hygiene for the people so that they can drink the product
in order to re-energize themselves. That is why the word “Energizer” is used for this product to
launch in the market. The product objectives and along with its target market, are discussed in
this paper. Not forgetting to mention its competitors in the market as there are few rival
companies like Red bull and some other names that are making the energy drink in the market.
Also, the product features and core strategy will be mentioned in order to market the product.
Talking about marketing, let's not forget about the Marketing Mix, which is the main essential
ingredient of the strategic marketing plan, which is also discussed in this research.

Product Name
The name of this cold energy drink is "Energizer."

Description of product
Energy drinks are promoted as a type of beverage that may improve mental clarity and physical
performance because they include high concentrations of an energizer ingredient, usually
caffeine, together with sugar and sometimes supplements like vitamins or carnitine.

Energy drinks are distinguished from sports drinks, which are used to replace water and
electrolytes before or after physical activity, and from prepared beverages like espresso and tea,
which have fewer ingredients and may be deEnergy. In contrast to soda pops, which either don't
contain caffeine or do so in relatively small amounts, energy drinks operate as an extra
Energizer. Even though some energy drinks are considered to be snacks, others—more
specifically, those that include amino acids and taurine added as food additives—are not. These
might be showcased as dietary enhancements. Instances of other Energy drinks incorporate Red
Bull and Beast.

Energy drinks are necessary for the more comprehensive soda pop category, which also includes
carbonated beverages, juices made from organic produce, filtered water, sports drinks,
refreshment concentrates, and espresso. Energy drinks and multivitamins are the most well-
known supplements for teens and young adults in the US, according to experts in the field. Men
between the ages of 18 and 34 constitute the majority of drinkers of these substances.
Qualities of product
Energy drinks are expected to help your energy, sharpness, and fixation. Individuals of any age
consume them, and they keep on filling in notoriety. Truth be told, one review, specifically,
showed that drinking only one 8.5-ounce (495-ml) container of Energy drink expanded both
focus and memory by around 25%.

Numerous specialists accept this expansion in mind capability can exclusively be credited to
caffeine, while others have conjectured that the blend of caffeine and sugar in Energy drinks is
important to see the most advantage. Another explanation individuals polish off Energy drinks is
to assist them with working when they're sleepless or tired. Drivers on lengthy, late-night travels
frequently go after Energy beverages to assist them with remaining alarm while they're in the
driver's seat. Numerous examinations utilizing driving reenactments have reasoned that Energy
beverages can increment driving quality and diminish languor, even in drivers who are restless.

Objectives
Mission Statement
Our central goal is to present another arrangement of direction to the Energy drink creation
industry by delivering drinks that will make us pioneers in the business. To accomplish our
central mission goal, we expect to stir things up around town running by drafting and carrying
out methodologies that will cause us to become industry pioneers and furthermore contend well
with our rivals. We expect to be among the top Energy drink creation organization on the planet.

Marketing Objectives
The significant showcasing targets of the organization incorporate the accompanying; to catch
1% of the US Energy savor market, the principal long periods of activity. Besides, to make huge
brand mindfulness in the market, particularly among the generation Z; that is, adolescents
between 15 to 25 years comprise the principal US Energy beverages' census. The organization's
advertising correspondence system's overarching objectives are to promote brand awareness,
define the brand position, stimulate purchase, and encourage repeat usage.

A massive item sendoff media campaign in many US provinces will be part of the
correspondence process for the new item. The mission is also tailored to certain market
segments. The initial half-year financial budget set out for market correspondence is 500,000
USD. The organization's actual display will be compared to promoting arranging objectives and
clear execution guidelines. Following the evaluation, the administration will use the information
to improve showcase planning activities.

SMART Goals
Specific: The advertising system for Energy drinks depends on the customers the brand needs to
speak to. The brand's showcasing group takes a gander at the way of life of the target group,
including their propensities and objectives. For instance, ZOA energy was established by driving
entertainers in the well-being and wellness world. Their interest group is entertainers that need
clean, well-being-based energy.

Measurable: The company will specify the control principles that will be used to guide and
evaluate execution. These include controls over input, processes, and yield. Additional
safeguards include expense limits, item execution safeguards, value safeguards, dispersion
safeguards, and coordinated advertising correspondence safeguards.

In general, proportions of the association's exhibition incorporate cost, incomes, benefits, piece
of the pie, and company picture. Other controls required are casual controls that will direct
individual workers' way of behaving, association culture, and departmental assumptions.

Achievable: On account of the plan of this business to go excessively far, employing capable
individuals has been done so the objectives that are set for 5 to 10 years can be almost certain to
be achieved and a means to become and grow to different states in the US.

Relevant: By improving the efficiency of the Energy drink, Energizer will remain pertinent in
terms of being an Energy drink among individuals.

Time-bound: Supportability and extension measures are important for a business to draw out
objectives after an organization could have been laid out and is creating gain. There are three
factors that incorporate items, representatives, and clients that guarantee the organizations are not
just supported to keep going for a significant stretch of time, yet they can grow too at their own
speed.
Target Market
Each company has an objective market that they are certain of, but any firm that is serious and
wants to make a lot of money and last for a while should conduct a market analysis. The
advantage of doing a market overview is that the organization gains knowledge of the identity
and location of the target market, enabling it to develop procedures that will enable it to capture
it.

In order to determine where we would likely receive greater cash flow and where we would need
to promote the product more, we have performed a market analysis with the help of an expert.
According to the market analysis, the bulk of Energizer Energy Beverages will be sold at
wholesale and retail prices to the associated events.

Individuals who are associated with sports will buy this product. Families will be using this
product for their local use. Financial specialists and executives will buy this product for their
gatherings and meetings. Retail locations with the goal that they can sell Energy drink items.
Understudies uniquely that are youth are almost certain to purchase and polish off Energy drink.
Military people that are depleted from hard activities would profoundly consume this item.
Sightseers from various areas of the planet come and attempt this item. Corporate retailers and
Pharmacies are likewise among the rundown target market of Energy drink items.

As referenced over, the main interest group in Energy drinks are teens and those in outrageous
games like rugby. The brand's bundling is the essential enticement for this client base and has
been since its arrangement in 2022. This organization's showcasing effort is planned around that
client base and verbal exchange deals.

The main interest group for Energizer Energy drink is autonomous experts with normal to higher
pay. Energizer will get advertised by speaking to the purchaser first, then deals. This brand is
prepared to develop from being the main Energy drink available to be from one side of the planet
to the other.

Competition
Each business that is being laid out realizes its primary goal is to create gain as well as contend
well with rivals in the same industry. To anyway accomplish this, there is sure an upper hand
that the business should have that will stand it out from comparative organizations.
The Organization of Energizer Energy drink achieves the vision of being the top in the US and
will require to enjoy a current few cutthroat benefit methodologies.

SWOT Analysis
Strength:
- Special brand picture

- Solid qualities draw it to individuals of Utah

- Related to energy, tomfoolery, sports, and amusement

- Better items than rivals

- Generally, business is rewarding

- Eco-accommodating strategies upgrade an organization's picture

- Tastes better compared to contenders' brands

Weakness:
- Restricted monetary assets

- Restricted insight

- Absence of a solid circulation organization

- Restricted geological presence

- Restricted product offerings

Opportunity:
- Normal and consistent interest in Energy drinks

- Low obstructions of passage

- Solid development in the section

- Chances to grow around the world, Canada and Mexico

- Broadening to packaged waters, bottled drinks, Teas, and so on.


Threat:
- Worries over the well-being effect of Energy drinks

- Unofficial law

- Solid response from laid-out contenders

- Input costs might increment abruptly

- Other new participants into the market offering comparative solid Energy drinks

- Unfamiliar state-run administrations guidelines and controls

Product Features
Energy drinks are those non-cocktails that fill the need for an energy sponsor and rejuvenation.
These beverages ordinarily don't underline on energy got from the calories they contain, but
instead through a decision of caffeine, nutrients, and homegrown supplements that the producer
has joined comparably like Energizer Energy drink.

With another item, an Energy drink under the flag of Energizer, plan to send off on the lookout,
will meet every one of the necessities that any buyer anticipates from such a beverage. Dissimilar
to the next Energy drinks, this Energy drink will be a carbonated beverage and will comprise a
large number of fixings like caffeine, sugar, and different nutrients, which are available in a
common Energy drink. Yet, contrasted with other Energy drinks, this item will have different
highlights, which make it appropriate for purchasers of all age gatherings.

This item, Energizer, is an extremely exceptional kind of item, and its uniqueness will take this
item to the highest point of the Non-Cocktails market. Individuals could imagine how an Energy
drink can be basically as interesting as some other Energy drinks. This item has every one of the
advantages that all top Energy drinks share, practically speaking; however, there are a few added
highlights that is remembered for this Energy drink.

Normal advantages of this Energy drink are the following:

- Increments execution

- Increments fixation
- Works on mental readiness

- Animates digestion

- Extraordinary highlights of Powerade

- Nicotine minimizer

- A greater amount of Nutrients

- Extra fiber (fruity taste as filaments will be taken from organic product nectar)

The nicotine minimizer will help those buyers who are dependent on cigarettes; while
individuals have cigarettes, nicotine consequently gets in their blood, though when that purchaser
has this item, his nicotine count will be diminished. A spot of coconut oil as coconut is the best
nicotine minimizer. The item will likewise have a greater amount of nutrients which will assist
the shopper with renewing his brain and be dynamic and lively all over the course of the day.
Extra fiber is natural product nectar that will be utilized in the item; this will give a decent and
extra taste.

Legal and ethical implications:


Unfavorable responses, excesses, and poison levels related to energy drinks are fundamental
because of their energizer content. Polishing off unnecessary amounts of caffeine-and taurine-
containing energy drinks and vivaciously practicing is accepted to set off serious narrowing of
the veins in the heart, with possibly lethal outcomes. So, energy drink companies are highly
vigilant in adding such kinds of content in excess to avoid any sort of legal implication.

Caffeine excess can prompt queasiness, regurgitation, quick heartbeat, hypertension


(hypertension), mind flights, seizures, extreme lethargies, and even demise in uncommon cases.
High caffeine likewise reduces insulin responsiveness, which builds the gamble of creating Type
2 diabetes. With less-added caffeine in Energizer energy drinks, it can avoid any ethical
implications.

Core Strategy
Market drove estimating methodology depends fair and square of client interest for a company's
items or the degree of interest in the business in which the firm works. Market drove Estimating
system incorporates - Entrance Valuing, Skimming value, Value Segregation, Misfortune
pioneer, Mental evaluating, and Special evaluating. In all the market drove estimating systems,
our item will utilize entrance evaluation and mental valuing.

A method used for another item to help it build a solid foundation for itself in the market is
entrance valuing. This tactic entails placing something of relatively low value together in order
to gain awareness of the industry as a whole. After some time has passed and the object has
established a solid base for itself, the price may be increased. This approach is suitable for mass-
market goods that sell in sufficient quantities, such as the Energizer energy drink. Market
skimming will be used as another thing to keep an eye out for. The company anticipates making
a significant return on investment before imitations and similar health-related energy drinks
flood the market and drive up prices.

It is suggested that its price be slightly more than its competitors in order to strengthen the
brand's reputation as a wonderful sound product. To make sure that the brand offers customers
value, the price must be appropriate.

The central energy drink industry is lucrative, information and development expenses are
incredibly cheap, and promotion and distribution account for the great bulk of expenditures.
Therefore, the company expects net sales to range between 25 and 35 percent.

To stimulate purchases, the company will use novel estimation techniques; these techniques
should have mass purchase constraints. The company will employ segregation tactics so that
brand prices in schools and colleges will be lower than brand costs at emergency rooms, sports
arenas, clubs, and cafés.

The company should pursue an exclusive appropriation strategy in which only selected
merchants are allowed to spread the brand. This is meant to solidify the image of restriction and
establish the brand's position as a special product.

Grocery shops should be the primary distribution channel used because they are where the
majority of consumer buying takes place nowadays. Additionally, pharmacy stores, pharmacies,
specific pubs and cafés, and sporting events will appropriate the item.
The group intends to carefully cover the area around the USA's major conditions and ensure that
it is adequately furnished. Restricted resources will be used in dissemination because of the
proximity to this area. The company will also make use of the intimate knowledge of geology
and socioeconomics. Last but not least, the organization plans to set up crucial appropriation
habitats throughout a variety of locations to ensure that all regions are adequately supplied at a
later point in time.

The coordinated advertising communication technique's principal tool is promotion. The


organization will support creative advertisements that will be broadcast on radio, television, in
magazines, and in daily newspapers in various US regions.

Additionally, the company will make use of outdoor advertising tools, including banners, signs,
and marked vehicles. To stand out for shoppers in shopping malls, the group will invest in retail
location shows and in-store advertising. Additionally, virtual entertainment tools and viral
showcasing methods will be used. This approach is meant to be very effective, especially with
adolescents who are well-informed and enjoy clever marketing gimmicks. Online entertainment
advertising will also engage the youth in the company's activities and create strongholds for a
foundation for the brand.

Marketing Mix
The marketing mix for our product will be based upon on following things:

Product:
The organization had a thought which came from "Energy." For that reason, the item name was
labeled as "Energizer," so the individual had the thought of what sort of item it was simply by
paying attention to the name. The item has Ginseng and Glucose in it also.

Price:
The company will use innovative pricing tactics to stimulate purchases; these strategies should
have restrictions for large purchases. The company will employ segregation tactics so that brand
expenses in schools and colleges will be lower than brand costs at medical offices, sports arenas,
pubs, and restaurants.
Place:
Request processing, warehousing, materials handling, stock control, and transportation make up
the five components of actual appropriation. The organisation should also make an effort to
counteract its actions with more potent routes of dispersion. Finally, the organization plans to
designate vital circulation points in various locations to ensure that all regions are adequately
supplied at any given moment. The brand will be adequately stocked in these dispersion
communities to ensure that store requirement are met right away. The organisation will use
public relations companies to help appropriate the brand in various States, regions, and parts of
the country.

Promotion:
The company will recruit one of the key athletes from the Utah Ball team to endorse the product
using a famous celebrity endorsement strategy. Celebrity endorsement is intended to create a
favorable and immediate relationship between the product and young consumers. Having the
optimal thing in the ideal location at the right time could still not be enough to succeed in the
current competitive environment. The advancement of the product and business depends on
compelling communication with the target market, and that is exactly what the corporation is
doing to promote that energy drink.

Conclusion
With effective marketing and advertising strategies, the company can not only successfully
launch the Energizer energy drink but can easily promote its product by following the above-
mentioned promotion procedures. The Energizer drink has already been made in the news by
gaining media attention and the celebrities that have started to endorse the product, and in the
coming few months, this product will be giving a tough time to its big competitors.
References
(PDF) Marketing Plan for Adult Soft Drinks Shloer. (n.d.). ResearchGate.
https://www.researchgate.net/publication/262964651_Marketing_Plan_for_Adult_Soft_D
rinks_Shloer

10 Marketing Strategies For the Beverage Industry. (2021, January 22). Green Seed Group.
https://greenseedgroup.com/marketing-strategy-for-beverage-industry/

Alsunni, A. A. (2015). Energy Drink Consumption: Beneficial and Adverse Health Effects.
International Journal of Health Sciences, 9(4), 468–474.
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4682602/

Are Energy Drinks Good or Bad for You? (2017, April 13). Healthline.
https://www.healthline.com/nutrition/energy-drinks#TOC_TITLE_HDR_5

Banerjee, R. (2021, August 27). Coca Cola Marketing Strategy, Plan & Mix (4Ps) - The Strategy
Story. TheStrategyStory. https://thestrategystory.com/2021/08/27/coca-cola-marketing-
strategy-plan-mix/

CoSchedule. (2022, January 18). Coke Marketing Strategy: Their Recipe for Success (+5
Achievable Strategies). CoSchedule Blog. https://coschedule.com/blog/coca-cola-
marketing-strategy

Developing Marketing Plan For Soft Drink | TERM PAPER - MARKETING. (2010).
Seminarski-Diplomski.co.rs.
https://www.seminarski-diplomski.co.rs/EN-Marketing/Developing-Marketing-Plan-For-
Soft-Drink.html

Energy Drink - an overview | ScienceDirect Topics. (n.d.). Www.sciencedirect.com.


https://www.sciencedirect.com/topics/food-science/energy-drink

Energy Drink Market Trends, Growth & Growth Rate in 2021 - GreenSeed. (2021, May 24).
Green Seed Group. https://greenseedgroup.com/energy-drink-market-trends-growth/

Energy Drink Production Business Plan [Sample Template for 2022]. (2016, October 16).
ProfitableVenture. https://www.profitableventure.com/energy-drink-business-plan/
Energy Drinks. (n.d.). NCCIH. https://www.nccih.nih.gov/health/energy-drinks#:~:text=In
%20several%20studies%2C%20energy%20drinks

Energy Drinks: A Classic Example of a Harmful, Unregulated Product. (n.d.). Public Citizen.
Retrieved September 13, 2022, from https://www.citizen.org/news/energy-drinks-a-
classic-example-of-a-harmful-unregulated-product/#ref_8

Energy Drinks: An Assessment of Their Market Size, Consumer Demographics, Ingredient


Profile, Functionality, and Regulations in the United States | Request PDF. (n.d.).
ResearchGate.
https://www.researchgate.net/publication/229790531_Energy_Drinks_An_Assessment_o
f_Their_Market_Size_Consumer_

Fontinelle, A. (2019, May 17). The Jolting Rise Of The Energy Drinks Industry. Investopedia.
https://www.investopedia.com/articles/investing/022315/energy-drinks-industry.asp

Foster, J. (2018). Top Selling Energy Drink Brands. Caffeineinformer.com.


https://www.caffeineinformer.com/the-15-top-energy-drink-brands

HARSHA DEVATHA. (2017, June 17). Launch of a new soft drink (energy drink).
https://www.slideshare.net/DevathaHarsha/launch-of-a-new-soft-drink-energy-drink

Harvard T.H. Chan School of Public Health. (2019, September 23). Energy Drinks. The
Nutrition Source. https://www.hsph.harvard.edu/nutritionsource/energy-drinks/

Heckman, M. A., Sherry, K., & E. Gonzalez De Mejia. (2010). Energy Drinks: An Assessment
of Their Market Size, Consumer Demographics, Ingredient Profile, Functionality, and
Regulations in the United States. Comprehensive Reviews in Food Science and Food
Safety, 9(3), 303–317. https://doi.org/10.1111/j.1541-4337.2010.00111.x

Heckman, M. A., Sherry, K., & E. Gonzalez De Mejia. (2010). Energy Drinks: An Assessment
of Their Market Size, Consumer Demographics, Ingredient Profile, Functionality, and
Regulations in the United States. Comprehensive Reviews in Food Science and Food
Safety, 9(3), 303–317. https://doi.org/10.1111/j.1541-4337.2010.00111.x
Launching a product in energy drinks industry. (n.d.). Www.ukessays.com.
https://www.ukessays.com/essays/marketing/launching-a-product-in-energy-drinks-
industry-marketing-essay.php

Marketing Energy Drink Brands: Red Bull, Monster, Bang, and More | Blog. (2022, April 14).
Www.webcontentdevelopment.com.
https://www.webcontentdevelopment.com/marketing-energy-drink-brands-red-bull-
monster-bang-5-hour-energy-zoa/

Marketing Plan for Soft Drink Company. (n.d.). Www.ukessays.com. Retrieved September 13,
2022, from https://www.ukessays.com/essays/marketing/marketing-plan-for-new-soft-
drink-marketing-essay.php

Marketing plan Renaissance Beverage and Soft Drinks Ltd. (n.d.). Assignment Point. Retrieved
September 13, 2022, from https://assignmentpoint.com/marketing-plan-renaissance-
beverage-and-soft-drinks-ltd/

Operational Excellence Consulting (Singapore). (2018, August 10). Business Model Canvas.
https://www.slideshare.net/oeconsulting/business-model-canvas-109378024

Red Bull Energy Drink | Details - BevNET.com Brand Database. (n.d.). Www.bevnet.com.
Retrieved September 13, 2022, from https://www.bevnet.com/brands/redbull/allproducts

ReportLinker. (2021, June 3). Global Energy Drink Market, By Product Type, By Target
Customer, By Distribution Channel, By Region, Competition, Forecast & Opportunities,
2026F. GlobeNewswire News Room.
https://www.globenewswire.com/news-release/2021/06/03/2241019/0/en/Global-Energy-
Drink-Market-By-Product-Type-By-Target-Customer-By-Distribution-Channel-By-
Region-Competition-Forecast-Opportunities-2026F.html

Soft Drink Company Marketing Plan - 1436 Words | 123 Help Me. (n.d.).
Www.123helpme.com. Retrieved September 13, 2022, from
https://www.123helpme.com/essay/Soft-Drink-Company-Marketing-Plan-166266
Strategic Marketing Plan for a New Energy Drink - 3973 Words | Research Paper Example.
(n.d.). Free Essays. https://ivypanda.com/essays/strategic-marketing-plan-for-a-new-
energy-drink/

Target Markets of Energy Drinks, Red Bull and Gatorade | The Social Grabber. (2020, February
14). https://thesocialgrabber.com/the-target-markets-of-energy-drinks-red-bull-and-
gatorade/

The Target Market for Energy Drinks: Who wants the buzz? | AMPLIFY XL. (2022, January
31). Amplifyxl.com. https://amplifyxl.com/target-market-for-energy-drinks/

Top 10 Largest Energy Drink Brands in the World 2020, Top Energy Drinks. (2020, November
13). Bizvibe Blog. https://blog.bizvibe.com/blog/largest-energy-drink-brands

Tran, T. T. (n.d.). Strategic Marketing Plan Coca--Cola Pakistan. Www.academia.edu.


https://www.academia.edu/42764289/Strategic_Marketing_Plan_Coca_Cola_Pakistan

What are the Features of Energy Drinks? (2020, October 26). Roxandara.
http://www.roxanedara.org/en/what-are-the-features-of-energy-drinks/

Zigu. (2015). Red Bull Marketing Mix (4Ps) Strategy | MBA Skool-Study.Learn.Share. MBA
Skool-Study.Learn.Share. https://www.mbaskool.com/marketing-mix/products/16734-
red-bull.html

You might also like