Red Wine Project
Red Wine Project
2. Summary
2.1. Vision And Mission
2.2. SWOT
2.3. Description of venture
2.4. Operation plan
2.5. Marketing Pan
2.6. Marketing Mix
2.7. Product and Pricing
2.8. Channel Distribution
2.9. Promotion
2.10. Organization Plan
2.11. Future plans
Introduction of Wine
We have done interview and gather survey from family, friends and
local people to research the potential customer behavior and market.
This is the result we gather so far.
Percentage of people
who choose over Age Group
different of wine
18% Under 21
27%
21 - 29
Red
14% 23% 30 - 50
28% Rose
32% Over 50
12% White
Spearkling
9%
12%
Dessert White
25% Dessert Red
Conclusion
By studying our research and interviews, we find out that a lot of people
who are between 30 – 50 and over 50 trends to drink wine occasionally
but they are not huge drinker. Importantly, most the people are middle
class and high class.
Summary
The Vista De Rio Wine company’s initial ideas for products venture and
operation plans of it’s newly development Company and its marketing
strategic plans.
1. Vision and Mission that made Vista De Rio Wine
2. Our different yet unique taste of our wines that we offer with fair
price.
3. Our plans for Venture and effective operation plans
4. Vista De Rio’s marketing strategic plan to break through our
competitors and market
5. Our effective organization structure that run our business and our
company channel distribution
6. Future plans for Vista De Rio Wine.
Vision
We especially offer to get the customer satisfactions, to get customer
value and to become double market share after one year, and break
through as national products.
Mission
We produce our products with the high quality , fair price and promote
our brand image by advertising and promotion, and produce three size of
bottle that prefer any levels of income can buy Vista De Rio Wine.
SWOT Analysis
Strengths
-unique taste
-traditional wine without adding chemicals
-new fresh outlook on winemaking and marketing
-good channel distribution
-passion and desire to succeed
Weakness
-high transportation cost
-small market share
-high machines cost
- produce a few wines
Opportunities
-population, changing lifestyle, accepting new trends
-innovative marketing ideas that can compete the traditional
-can persuade the potential customer
Threats
-high potential competitors
-high taxes
-change of people habit
-climate changes
Description of Venture
Operation Plan
As you can see, our company goals are to offer best quality of products
and service to customers. To meet up with our goals, we have to plan
and create operation plan produce better products and service from other
company.
Transportation
We have rent 1 truck transport car to ship our supplies and brought 2
small transport cars to distribute our products.
Supplier and Shipping
To make best quality of products, we need best fruits from the suppliers
and more importantly the suppliers must have good reputation and well
inform about the market. Luckly, we got suppliers from Yamalthin City.
After long time of negotiating, we finally got our supplier.
The Yamalthin city is 76 mile faraway from Yangon but they have best
fruits to make best wine. So our suppliers prepare transportation to ship
our supplies from Yamalthin to Yangon.
Marketing Plan
When we make marketing plan for our new venture, we have to analyze
local and national market conditions of wine. Our purpose is to attract
the local customers and tourists who visit to Myanmar .Myanmar is the
largest country in South East Asia and its main industries are agricultural
processing .Although it has many agricultural processing ,it has a small
domestic wine industry .As local analysis ,we have only two local
competitors ( Aythaya and Red Mountain).So we have many chances to
penetrate the market in short time .We emphasize market segmentation
and marketing strategy.
Marketing Segmentation - we segment the market by age and by
income.
Marketing Strategy
We plan the marketing strategies to fulfill the target customers’ need and
wants, to build customer relationship and to reach our goals.
Market Differentiation
We start trying to fulfill the target customer need and wants than other
same company do to get customer value and build relationship .We
produce our product with right organic materials without chemicals it
gives to customer a unique taste and safety, our products is fit with its
value and its quality, our brand name is easy to recognize and our
product style is easy to eye-catch and we send our product right time and
right amount as customer need. These are our strengths not similar to
others.
Market Positioning
We get market position and market share by showing our strengths at
advertising, Internet, websites and sponsoring at events.
Our motto is “we cannot buy happiness but we can buy wine that makes
us to happy”
Marketing Mix
Product
Our wine has a unique tasting mix of wine which is good way to
integrate in bars, nightclubs and parties. Our wine company has made 3
different flavors: grape, rice and cherry.
Price
Our company has set fair price for products and services. We give
discount to our loyal customers and VIPs. Our customers can buy our
wines with credit payment.
Promotion
Our company will advertise our products and services on internet. We
will create outdoor advertisement that inform our products and inform
about key benefits of our products. Promotional price pricing in bars and
clubs is best way to gain positive reputation.
Place
Nowadays, there are many bars, clubs and restaurants in Yangon. So it is
a good opportunity to introduce our products to them. We will negotiate
with most of the bars and restaurants. In future, we will sponsor few of
the common events and charity. We will ensure the right people at the
right place drinking the right product.
Channel Distribution
We have many ways to distribute our products to customer. For a long
time, we tried to find few dealer and middle man to distribute our
products. After they made negotiation, we get our deal to introduce and
advertise our new products
to market. We also make deal
with the few local alcohol
liquid shops and bars to
make deal with us. After
we make our name and
reputation, we plan to make
sale in supermarkets
and few of the famous bar in city hall. Of course, customer can also
order our wines directly from us. We are also planning to open our own
bar near our company.
Organization Chart
CEO
SENIOR
MANAGERS
Research and
Opreational
development
Staffs
staffs
2.9 Promotion
Public relations
In addition, we plan to
fully make use of social media to interact with netizens
such as Facebook, Instagram and Twitter. We
utilize social media tool to promote our new
product since the social networking power are
homogenous. The most important thing is we must
create the online websites to update the latest
news and control the negative comments which
some people like to criticize the product that they never tasted
before. Then, those who tried the product can give us the
rankings and reviews in our websites. We use social media to provide
welfare for our customer by asking them to like and comment on our
webpage to collect coupons or become our VIP for a few days. The
information will be updated frequently as it will appear on top of social
media and increase the exposure of our new product. By executing the
different public relations that mentioned above, we believe that our
product can be spread rapidly in not only Singapore but also through the
whole world. Pull strategy is also being used in pulling customer and
stimulating our product’s demand which is making our product to
propose successfully than another competitive product.
Advertising Objective
Sales Promotion
Sales promotions are also one of the major element in promotional
mixes as it makes up the marketing communication mix of our company.
With intention of increasing sales of our products, we provide sales
promotion which refers to temporary incentives offered to customer and
we offered sales promotion aimed at consumer rather than aimed at
distribution channels to increase our sales and profit. We plan to run our
sales promotion
program around one
and half month as it is long
enough to build
awareness. To evaluate this
program, we intend to
record down the sales and profit before promotion and after promotion.
Our promotion is not only focus on target market but also the whole
population and society.