Upload
emil-hopkins
View
215
Download
0
Embed Size (px)
Citation preview
Garlock Equipment Company
Railguard Marketing Plan
Current Situation
Railguard Sales
0500,000
1,000,0001,500,0002,000,0002,500,0003,000,0003,500,0004,000,0004,500,0005,000,000
2001 2002 2003 2004 2005
$ 1.2 million in sales 40% Gross Profit Growth lifecycle phase
Market Opportunity
Potential Customers 200,000
Market Size $200 million
Competitive Overview
Bluewater Manufacturing $0.8 million in sales this year 1.5 years in business Strong Internet marketing presence
Diversified Fall Protection Similar product Informative Website
Others 6 other companies None considered credible current threat
Factor Analysis
Strengths Product
Freestanding Temporary No drilling Portable Well engineered and tested Simple OSHA compliant OSHA required
Reputation Customer Testimonials
Garlock Excellent customer service 17 years of experience Strong company backing Brad Dunn & Jim Sidla
Weaknesses Heavy Hard to handle Few options Not easily configurable Easy to mis-configure Too simple – can be duplicated easily. May not weather well in corrosive environments
such as marine (unknown). May rust at the base and fail over time.
Opportunities New Demographic Market Segments New Geographic Market Regions Trend is toward movable and away from fixed
barriers Specialty designs for particular purpose Incorporate into consultant recommendations Incorporate into design specifications
Threats Competition Legal liability Distributors as competitors Copycat producers
Market Segmentation
Plant Maintenance, Repair & Operations (MRO)
Safety Assurance Consultant Service Manufacturing Plants Transportation Operations Construction Roofing Food Processing Plants
Product Strategy
Brand Identity Brand Name: Life Guardian Systems Signature Color: Garlock Green
Internet Identity Domain Name: LifeGuardian.com Interactive Website
Packaging Packaged Solutions Labeled Packages
Private Labeling Not recommended
Licensing License active restraint items
Line Extensions Product Line Extensions Service Line Extensions
Protected Features Patents Trademarks
Pricing Strategy
Pricing Structure Payment Terms
Distribution Strategy
Independent Distributors Distributor Targeting Exclusivity Advertising Order Fulfillment Sales Incentives
Promotional Strategy
Direct Sales Commissioned Follow all leads Service existing accounts Penetrate large accounts
Marketing Communications Budget: 7% of projected sales
Promotional Programs Print Advertising Public Relations Website Development Website Promotion Trade Show Signage Sales Support Material
Revenue Projections
1st Year Gross Sales: $2.4 million Net Income: $1 million
2nd Year Gross Sales: $4.3 million Net Income: $2 million
Next Steps
Approve Strategy Approve Budget Develop Tactical Plans
Product Plan Distribution Plan Marketing Communication Plan