V. Marketing Aspect 5.1 Market Description
V. Marketing Aspect 5.1 Market Description
V. Marketing Aspect 5.1 Market Description
Marketing Aspect
5.1 Market Description
The market is actually a broad category and segmentation is advised for the business to
narrowly determine where to focus the positioning strategy.
The target markets of the said business are students and young professionals at the
university area of Central Luzon State University, Science City of Munoz, NuevaEcija. The
following are the segment descriptions:
Students the students of the Central Luzon State University are the primary market of the
business with the common demographics and no gender bias. This segment covers the college
students and high school students of the university area.
Young Professionals the segment entitles the young professionals residing the university, with
the common age ranges from 25 to 30 years old. This segment shared the common characteristics
based on the demographics. This young professionals is defined to be in between the transition of
adolescence and maturity or as easy as young adult.
Note that these segments were actually the primary market of the business, and a
secondary market will be the nearby areas at the municipality as well as the travelers along the
PAN- Philippine highway oriented by word of mouth advertisements.
5.2 Demand
In determining the demand, it would be favorable for the business to base it in terms of
the share of demand incorporating the service establishments surrounding the university area. To
be specific, the business will consider the share of demand of each salon or spa establishments at
Science City of Munoz, Nueva Ecija. After determining the demand statistics, the business
assumed at least 100 percent of the demand to favor the market share it will have for the service.
The assumption takes place between the idea that the business offers the unique service and that
the competitive advantage it has over the service industry surrounding the area.
5.3 Supply
The business will supply the needs of the customer by bringing a unique kind of stress
reliever service. This kind of service will be only one in Munoz, Nueva Ecija. Indirect
competitors like spa and other stress reliever services in Munoz and San Jose that also supply the
needs of the people who encountered stress or haggardness will definitely affects the supply of
the business because people will have an option, but the truth of the making of this business
IRUWAR MO is because the demand for those students and young professionals especially in
CLSU, and secondarily for the demand of those students or young professionals outside the
campus. As a service supplier, the business offers services like they are rooms for shouting,
screaming and throwing things like plates, glass, mugs and many more, they will also have a
mini restaurant that the customer will eat after they done to stress out session, and many more.
Those are the services that the business will offer and supply in order to satisfy the demand of
the target market at the same time it will be a low price.
Table 4.1 Population of the target market in its first year of operation
CLSU Students
CLSU Professors Students Science City of Muoz
Total
12,235
1,187
8,530
21,952
Table 4.2 Estimated population of the target market in its second year of operation
CLSU Students
CLSU Professors Students Science City of Muoz
Total
13,235
1,287
9,530
24,052
Table 4.3 Estimated population of the target market in its third year of operation
CLSU Students
CLSU Professors Students Science City of Muoz
Total
14,735
1,437
10,530
26,702
Table 4.4 Estimated population of the target market in its fourth year of operation
CLSU Students
CLSU Professors Students Science City of Muoz
Total
16,235
1,537
11,530
29,302
Table 4.5 Estimated population of the target market in its fifth year of operation
CLSU Students
16,735
CLSU Professors
1,537
Total
30,802
PROJECTED SUPPLY
2013
9330
2014
9330
2015
9330
2016
9330
2017
9330
The table shows the projected supply in five years, the figures are the same since the
business is the only business offering this kind of services in the target market. See annexes for
the computation.
Table 4.7 Projected Demand for five years
YEAR
Projected Demand
10,976
13074
16,555
20,511
26,181
The figures in the table were based on the population and the market share of the business
in five years. In the first year the market share was 50%, second year 54.36% , third year 62%,
fourth year 70%, and fifth year 85%. See annexes for the computation.
Demand
Supply
D-S gap
2013
10976
9330
1646
2014
13074
9330
3744
2015
16555
9330
7225
2016
20511
9330
11181
2017
26185
9330
16855
The table interprets the Demand-supply analysis for five years; this was based in the total
demand and supply in the above tables. See annexes for computation.
5.4 GENERAL MARKETING PROGRAMS
Product/Service
Iruwar Mo is a service type of business which intends to release the stress of the
person by means of throwing objects. It has a built in snack house used to accommodate
the customers while waiting for their turn.
Snack House Products
Snack House offers varieties of chocolates, chips, cookies, tea, milk and
coffee. Chocolates, chips, and cookies are all in retail packaging while the tea, milk
Competitors
Iruwar Mo has no direct competitor because it is new to the market and to its
location. But, in case of its Snack House its direct competitors are, Mackys Caf,
Gravitea and Milkakrem.
Other competitor:
Month
Activities
Giving and posting of print ads, airing of its radio ad at radio CLSU This is
February
March April
May
June
receipts only.
Continues of operation
Free admission of first 50 students.
Giving of freebies like face towel, baller, and ballpens which has a print of
July August
September
Iruwar Mo
Launching of loyalty cards to retain the customer relationship.
In these sequences of activities, this establishes the introductory stage. These programs
will help the business to have awareness to our target market. It also has changing activities so
that our target customer will expect more in the business.
Strategies will be done to minimize the possibility of decline. There are set of promotions
on selected months to enhance the service and attract more potential customers.
Pricing strategy
The pricing of Iruwar Mo starts with Php 50.00 for the entrance and Php 10.00 for all
kinds of materials like plates, drinking glasses, vases, clocks, picture frames.
Advertising and Promotion strategy
Since Iruwar Mo is new to the market, print ads will be distributed before the opening of
it. This will increase the population of Iruwar Mo. Another strategy is through airing of radio ad
to Radyo CLSU for promotion and awareness of it.
And to continuously increase and strengthen the popularity, viral marketing will be use
which is word of mouth advertising. In this way, customers who experience the service of Iruwar
Mo will recommend and talk about it to other prospects.
5.6 Flow marketing operations.
Print ads, out of home advertising
Radio advertising
Order #
Delivery Via
Routing
Quantity
Description
Unit Count
Ordered
Total
Amount
Total
Special Instructions
Unit Price
Date
Approval Signature
Purchaser Signature
Title
Receipt of Sale
Date:
Sales Code:
Buyer:
Name:
Company:
Address:
City/State/Zip:
Telephone:
E-mail:
Payment Method:
___ Cash
___Credit Card
Type:
Number:
Return
Quantit
-able?
Item #
Exp. Date:
Description
Unit
Discoun
Line
Price
Total
Total Discount
Subtotal
Sales Tax
Total
________________________
________________________
Buyer
Seller
Date
Date
Service Invoice
Service Invoice
October 22, 2016