TY Marketing Project: Turbo Wheat
TY Marketing Project: Turbo Wheat
TY Marketing Project: Turbo Wheat
Turbo Wheat
THE PLAN
We got into groups and put our heads together to come up with a name
and breakfast. We decided we would name our cereal Turbo Wheat. On
deciding the name, we said our cereal was going to be a healthy,
nutritious energy cereal for children and teenagers to give them slow
released energy throughout the day. In this way, adults would be more
likely to choose our cereal for their children rather than a cheap, sugary
cereal such as Coco Pops as it would benefit their child in many more
ways.
After deciding on this we looked at our main competitors. These were
mainly the healthy cereal range for children such as Weetabix, Ready
Brek and even some competition from popular child cereal brands like
Nestl and Kelloggs. Because of this, we had to make sure we had
plenty of advertising through TV, radio, billboards and magazine to
promote our product. Producing ads of a cheetah astronaut flying out to
space while eating our cereal will encourage children to buy it. Also we
will mention the collectibles, toys and tokens in our ads to provide the
customers with adequate information.We also decided to make our
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cereal a little more unique by adding in toys and using tokens to win
prizes.This will encourage and excite children especially, making them
want to buy our product and in turn selling our cereal better.
After looking at the prices of similar cereals, we calculated a mean price
of 3.68 for a 750g box of Turbo Wheat. This is a decent price as
compared to 750g box of the next competitor, Ready Brek which is
4.39.
We would hope to sell our cereals in as many shops and supermarkets
as possible such as Supervalu, Centra and Tesco. We realise that these
shops arent everywhere so we would also like to sell our cereals in
smaller, family run shops.
With the advertisement, persuading toys and collectibles and a decent
price for a healthy breakfast cereal, we believe our product will sell well
against competitors.
Table of Cereals
Brand names
Types of
cereal
Prices
Nutritional content
Coco- pops
*Flavoured
295 grams =
Calories = 389
*Sugar coated
3.61
550 grams =
4.69
800 grams =
7.16
Protein = 5
Carbohydrate = 86
Fat = 2.9
Fibre = 1.9
Alcohol = 0
(per 100 grams)
Rice krispies
*Crunchy,
crisp cereal
700 grams =
5.80
Calories = 381
Protein = 7
Carbohydrate = 85
Fat = 2.1
Fibre = 1.12
Alcohol = 0
( per 100 grams )
Corn flakes
500 grams =
2.00
1kg = 5.41
Calories = 357
Protein = 8
Carbohydrate = 84
Fat = 0.4
Fibre = 3
Alcohol =0
(per 100 grams)
Weetabix
*Wheaty,
healthy cereal
215 grams =
3.22
430 grams =
3.22
860 grams =
6.12
1.29kg =
8.99
Calories = 134.3
Protein = 4.3
Carbohydrate =
25.7
Fat = 0.8
Fibre = 3.8
Alcohol = 0
(per 2 biscuits)
Yes and No ()
5. What type of cereal would you usually go for (plain, sugar
coated etc.)?
With Fibre, Nutrition etc and Sugar coated ()
6. Would you prefer cereal or cereal bars?
Cereal and Cereal Bars()
7. Do you look for the nutritional value on the box?
Yes and No ()
8. Do you think that its important that children eat a healthy
breakfast?
Yes and No ()
9. Do you like for cereal to be colourful?
Yes and No()
10.
Do you put anything extra into your breakfast? E.g fruit,
sugar etc.
Yes and No()
We asked 25 people these questions and here are the results.
We did the survey in supervalu.
Per 100g
Per Serving
Energy
Fat
2.0g
0.8g
0.6g
0.2g
69g
26g
4.4g
1.7g
Fibre
10g
3.8g
Protein
12g
4.5g
Salt
0.28g
0.10g
Thiamin (B1)
0.94mg
0.35mg
85
Riboflavin (B2)
1.2mg
0.45mg
86
Niacin
14mg
5.3mg
88
Folic Acid
170g
64g
85
Iron
12mg
4.5mg
86
of which saturates
Carbohydrates
of which sugars
Brand
Cereal
Weight
Nestl
Shredded Wheat
Weetabix
Weetabix 48 pack
860g
215g
6.12
2.49
Flahavans
750g
1.86
Supervalu
Bran Flakes
750g
1.29
Kelloggs
Ancient Legends
320g
3.00
Kelloggs
Coco Pops
800g
295g
7.16
3.61
Kelloggs
Frosties
500g
3.95
Nestl
Golden Nuggets
375g
2.00
Nestl
Cheerios
800g
3.50
Nestl
Cookie Crisp
375g
3.99
Nestl
Shreddies
500g
3.49
Weetabix
Ready Brek
750g
450g
4.39
3.19
Kelloggs
Rice Krispies
700g
5.80
675g
360g
Price
3.99
2.99
With the information I got from these cereals, I will find a mean average by adding all
the prices of the same weight and finding a price. I will also take into account the
different brands, cereal type, weight and what the target audience the cereal is
aimed for.
The most common cereal weight is 750g. I will find out the price of a few 750g
cereals and calculate and average price from this strategy.
Cereal
Kelloggs Rice Krispies 750g
Price
5.80
4.39
1.29
1.86
4.00
4.49
3.95
Full colour
Full Page
27,190
29,760
34,000
Half a Page
13,910
15,210
17,370
Quarter Page
7,540
8,280
9,440
Single Column
69.80
76.65
87.40
Bulletin Page
840
920
1,050
Programme
Price
Pre 7:00
Risin Time
350
7:00 - 9:00
Morning Ireland
2,150
12:55 - 13:45
News at one
1,250
16:30 - 19:00
Drivetime
825
With every 5 boxes of cereal you buy, you then get money off your 6th
purchase.
We think this is a great way to promote our cereal, it appeals to parents
and children, because the parents get the money off and the children get
the toys.
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