You recently joined the sales
team for the startup, United Sodas of America. As a sales associate you have
been hired to increase sales by 10% by the end of 2020. The product is
currently sold through the company’s website directly to consumers, but they want
to expand their reach and customer base by selling wholesale to national
retailers.
Here are some resources to help
you get started. You will, however, need to conduct additional research to
complete the project.
·
https://unitedsodas.com
·
https://www.fastcompany.com/90503979/admit-it-you-really-want-a-soda-and-this-startup-will-woo-you-with-guilt-free-flavors
·
https://www.adweek.com/brand-marketing/united-sodas-of-america-wants-to-make-pop-great-again/
·
http://www.nbcnews.com/id/42255151/ns/business-us_business/t/sweet-americas-top-brands-soda/#.XsAdYS85Q1L
Your Tasks
1. Create a marketing plan presented in the form of a PowerPoint
presentation (10-12 slides)
2. Create a PowerPoint sales presentation (10-12 slides).
Part One: Marketing Plan
Your PowerPoint presentation
will include the following sections (presented in this order):
1. Company
Provide a brief overview of the
company.
Product Features and benefits
Provide a description of the
product including its benefits and features.
SWOT Analysis
This section will contain a
SWOT analysis for your organization versus all of your competitors as a whole.
Identify 3 strengths, 3 weakness, 3 opportunities and 3 threats. Present your analysis using the SWOT matrix below.
SWOT stands for: Strengths of your
product/organization, Weaknesses of your product/organization, Opportunities and Threats.
To determine strengths and
weaknesses, examine the company’s website and other marketing materials.
Consider looking at the company’s competitors’ websites by Googling
“competitors of United Sodas of America.” To determine opportunities and
threats, you can visit news sources local to the company; visit Statista or the
U.S. Census Bureau for relevant demographic information.
Also, consider trends in
the demographic, economic, social-cultural, natural, and political-legal
environments as well as trends in your industry that specifically relate to the
product
Strengths ·
Example: Human resources - The owner of this company
has 10 years of relevant experience in a similar field. ·
<Strength
1> ·
<Strength
2> ·
<Strength
3> |
Weaknesses ·
Example: Competitive advantage - There are two
competing companies in the same area that offer the same product for a lower
price. ·
<Weakness
1> ·
<Weakness
2> ·
<Weakness
3> |
Opportunities ·
Example: Target audience shift - More millennials are
starting to purchase these products. ·
<Opportunity
1> ·
<Opportunity
2> ·
<Opportunity
3> |
Threats ·
Example: Economic trends - The local economy that
supports this company is experiencing a recession. ·
<Threat
1> ·
<Threat
2> ·
<Threat
3> |
4. Competitor Analysis
In this section you will
identify 3 competitors. Use the table below to complete the competitor
analysis.
Company Name |
Product Name |
Current Retail Price(12 pack) |
Currently available in national retail outlets? (Yes/No) |
|
|
|
|
|
|
|
|
|
|
|
|
5. Target Market
Identify and describe one (1)
potential target market for this product. Use a combination of behavioral,
geographic, psychographic, and benefit segmentation strategies to determine
your target market.
Pricing
Imagine you have set up a
meeting with a prospective national retailer to pitch the company and its
product. Determine a potential wholesale price for a case (24 twelve packs).
Provide a brief explanation of your determined price.
7. Distribution
Identify and describe an
appropriate prospective national retailer that you will pitch the company and
products to. Keep in mind the price and target market previously identified
must complement the retailer selected.
Determine Objections
Salespeople commonly face challenges;
in most presentations, they experience objections. List 3 objections you could
potentially encounter during your sales presentation to your potential national
retailer.
9. Meet Objections
How will you address (respond
to) the 3 objections identified in order to close? List your responses the 3
objections identified in order to close.
Part Two: Sales Presentation
In giving a sales presentation,
a salesperson does two things. They show and tell the prospect about the
proposal. You tell using persuasive communications, participation techniques,
and proof statements. You show by using visual aids. For purposes of this
assignment we will focus on the showing aspect of the sales presentation.
The visual presentation
(showing) incorporates three elements of the presentation mix: visual aids,
dramatization, and demonstration.
Visual Aids:
·
Headlines
·
Data
·
Bullet Points
·
Clipart and photographs
Dramatization:
Refers to talking or presenting
the product in a striking manner, showy, or extravagant manner.
Demonstration:
One of the best ways to
convince a prospect that a product is needed is to show the merits of the
product through a demonstration. Therefore, it is best to show the product, if
possible and have the prospect use it. If this is not feasible, then pictures,
models, video, films, or slides are the best alternatives.
Your Task:
You have identified a prospective national retailer and scheduled
a meeting to discuss the United Sodas of America with the hopes of convincing them
to sell the product in their stores.
Using the research gathered and
the marketing plan create a PowerPoint sales presentation. You will use this
sales presentation to deliver the company and product to your prospective
national retailer.
Your sales presentation MUST include:
1.
In addition to the items
mentioned above your presentation should also include any other information
that would be important for them to know and therefore close the deal.
Keep in mind your sales presentation should:
·
Tell a story, therefore it
should have a beginning, middle and ending. The story should be concise and
cohesive.
·
Your slide design should
reflect the brand of the company in terms of color, style, font, etc.
·
Your slides should not contain
paragraphs but rather use a combination of bullet points, pictures, graphs etc.
to convey your message.
·
Be creative in terms of design
and story telling
Your sales presentation is not
to be confused with your marketing plan. Your marketing plan is an
internal document whereas the sales presentation is an external document to be
shared with prospective retailers and used to sell the company and the
product.
Submission Instructions:
Submit one complete PowerPoint presentation. Part One (Marketing
Plan) and Part Two (sales presentation) should be separated by a blank slide.
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