This document outlines a 10 step marketing plan for Orthopaedie Frey Far East's arch support products. The plan identifies their current target market as professional athletes and the need to expand to amateur athletes and women. It analyzes competitors and positions their product as customized, middle-priced arch supports. The marketing strategy involves retaining customization, partnering with complementary businesses, and conducting market research to further differentiate their product.
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Mejia marketing plan
1. Maria Margarita A. Mejia
Marketing Management
November 30, 2010
10 Step Marketing Plan
Orthopaedie Frey Far East ,
Incorporated Arch Supports
2. What is an ARCH SUPPORT?
Orthotic appliance
placed inside shoes
Provides underside
support for feet
Shaped to fit the
arch of the foot
3. Functional Orthotics
Purpose: accurately and
precisely position the foot
throughout the gait cycle
proper function
Prescription fitted
Very effective in alleviating
symptoms and establishing
proper alignment
5. Who need arch support?
Overuse of the feet (recreational and daily activities)
People suffering from the following conditions:
Achilles tendonitis / Achilles overuse syndrome
30- to 44-year-old recreational athletes
72-89% of injuries occur during athletic ventures
Bunions – relieving pressure on the bunion
Flat feet or high arches
Metatarsalgia – with sports involving high-impact movements
(e.g. Jumping and running)
Plantar fasciitis – caused by over-pronation due to a flat arch
6. Who use arch supports?
Athletes
Basketball
Running
Football / Soccer
Adults with active lifestyle
Weekend warriors /
amateur athletes
Working women (use of
heels)
11. Battle in the Shoe
Arch Support Insoles
Comfort for the feet
Functional support
Custom-made and
generic fit
For additional
padding
Shock absorption
“One size fits all”
15. The Gap, the Opportunity and
the Positioning
Step #4
16. Filling the Gap
Middle priced,
customized arch support
Targeting the
professional and
amateur athletes
Exploring other
applications of arch
support – fashion and
women market for
everyday use
17. What is the size of the market
from the 3 C perspectives
(customer, company and
competition)?
Step #5
18. The Orthotics Playing Field
$200M industry in the Asia-Pacific (2008)
Growing demand for these products due to the following
factors:
Aging populace – osteoarthritis
Obesity
Hobbyist / recreational sports market (just do it)
Orthopaedie Frey grosses P400,000 per month on arch
support alone
Potential growth for the company in the arch support and
orthotics industry given that these devices are not doctor
prescription driven
19. Step #6 – The Product
Customized arch supports
Current Uses: for injury prevention
and improvement of existing problems
(e.g. Plantar fasciitis, Achilles
tendinitis)
Made with quality, safe and durable
materials
20. Step #7 – Promoting the
Product
Personal communication with doctors,
basketball teams and other sports
professionals
Word of mouth among existing clients
Occasional public relations via events
(e.g. Marathons)
21. Step #8 – Pricing the Product
• P3,000 – 4,500 per pair of customized
arch support
• Additional cost – ergonomic footwear
(e.g. rubber shoes cost around P2500
to P5000 per pair)
• Insoles are cheaper (P250-500 per pair)
22. Step #9 – Where to Find the
Product
• Product available in
main offices (Pasig
and Cebu)
• Product is picked up
in the main office
• Possible tie-ups with
sports and shoe
shops for
distribution
24. Summary: Marketing Strategy
Target Market Segments:
Current niche market: Professional athletes
Potential markets for differentiation:
Amateur athletes / weekend warriors
Podiatric patients (e.g. women)
Retain customization specialization
Tie-ups with other complementary institutions (e.g. sports
and shoe shops)
Proposition / Key Element – Market research to explore
other differentiation strategies
25. Maria Margarita A. Mejia
Marketing Management
November 30, 2010
10 Step Marketing Plan
Orthopaedie Frey Far East ,
Incorporated Arch Supports
Notas do Editor
LP = Php250-500
Asics maximum support – control degree of pronation
Frey = P3000-4500
Rubber Shoes = P2500-5000
What is the gap, the opportunity and how will you position (based on the gap in the competitive positioning map)?
Orthotics = $200M industry
Aging populace – osteoarthritis, obesity, more time, free industry (to just do it)
How is the product promoted (Integrated marketing communications: Mass Communication- Sales Promotions, Advertising, Public Relations, Events and Experiences; Personal Communication- Direct Marketing, Interactive Marketing, Personal Selling and Word of Mouth)
How is the product priced vs. competition. If the product has several variants and sizes, how is it generally priced (premium, parity or discount)
Where is the product distributed? How does it reach the customers?
What is the generic winning strategy- Low Cost Producer? Supply & Distribution Leverage, Differentiation, Niche?