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Chin’s Part

Chin’s Part

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Chin’s Part. Pricing. Competition pricing Match competitors’ pricing since there are many competitors in the milk tea sector, as well as in alternative drinks industry (coffee, fruit shakes, etc.) Maintain cost of drinks at average price of Php 80-120. Pricing. Offer discounts - PowerPoint PPT Presentation

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Page 1: Chin’s Part

Chin’s Part

Page 2: Chin’s Part

Pricing

• Competition pricing– Match competitors’ pricing since there are many

competitors in the milk tea sector, as well as in alternative drinks industry (coffee, fruit shakes, etc.)

– Maintain cost of drinks at average price of Php 80-120

Page 3: Chin’s Part

Pricing

• Offer discounts– Loyalty card• Free drink for every 10 large drinks purchased

Page 4: Chin’s Part

Placing and Distribution

• Branches– Major malls such as Alabang Town

Center, Cyber & Fashion Mall (Eastwood), Robinson’s Place Manila, Greenbelt 3, Robinsons Galleria, Newport Mall

– Areas near schools and residences such as San Juan, Katipunan, Greenbelt Residences, BF Homes Paranaque, Banawe, Jupiter, Nuvali, Burgos Circle Fort

Page 5: Chin’s Part

Placing and Distribution

• Suggested strategies– Penetrate more malls, schools and residential

areas• Can have permanent kiosks or kiosks available only

during major events (school/university fairs, concerts, etc.)

– Branches in tourist destinations such as Baguio, Boracay, Palawan, Cebu, Davao

– Put up branches near health care facilities, hospitals, and gyms

Page 6: Chin’s Part

Communication Strategies

• Initially, by word of mouth, among milk tea lovers and food bloggers

• Serenitea has its own website, Facebook page and Twitter account

Page 7: Chin’s Part

Communication Strategies

• Maintain current channels – Personal channels: social media – food blogs,

Facebook, Twitter, website• Penetrate more social media– YouTube

Page 8: Chin’s Part

Communication Strategies

• More non-personal channels– Sales promotions (Loyalty

card)– Kiosks available only during

major events (school/university fairs, concerts, etc.)

Page 9: Chin’s Part

Communication Strategies

• More non-personal channels– Create events

• “Tea appreciation” event where customers can learn about the different kinds of tea, tea preparation, health benefits, tea-tasting, etc.– In-store demo could also

serve as point-of-purchase communications

Page 10: Chin’s Part

Communication Strategies

• More non-personal channels– Advertising

• About new and current products, promos and events via print and social media (print and online magazines)

• Ads in public spaces (movies, gyms, elevators)