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10 STEP
Marketing Plan for
(Victoria’s Secret Mists)

        Juancho Roa Pascual    Product
                              Photo here
           October 2011




                                     1
Steps 1 to 5
Women who loves to smell
sexy
1.   VS targets women from ages 18-28
2.   Women want to smell fresh and sexy
3.   Beauty products commonly found in the Philippines
     such as The Body Shop and Ever Bilena
4.   Gap is other brands are more known to be readily
     available in the market and providing savings.
5.   Market size is 7.6Billion pesos(2010). Victoria’s
     Secret niche is 228 Million.
Steps 6 to 10
Women rely on fragrances to
boost their sex appeal
6.    Victoria’s Secret mists are refreshing sprays
      which also leaves a sensual scent
7.    Is priced 30% less than The Body Shop
      mists and 100% more expensive than Ever
      Bilena products.
8.    Highly advertised on E-Commerce Sites
9.    Distributed nationwide
10.   Differentiation strategy
1. Describe the primary target
market (PTM)*

   18-28 years old, women, social class AB and
    C, Single ladies)
   Actively out in the public and interacts a lot
    with other people(such as dating),
   spray as often as you like whenever you need
    refreshment -before going out and before
    meeting other people to get that mood
    enhancement and heightened attractiveness.
2. My PTM’s NWD

Needs from Maslow’s hierarchy
Wants determine choice
Demands for them to buy the product
Describe your PTM needs
                                       Self-Actualization
                                             Needs
                                      (Self-Development
I am happy to be in a                   & Realization)
romantic relationship
                                      Esteem Needs
                                      (Recognition,
                                         Status)


  I want to be fresh,            Social Needs (sense of
desirable and attractive            belonging, love)



                           Safety Needs (security, protection)




                      Physiological needs (food, water, shelter)


                            Reference: Maslow’s Hierarcy of Needs Marketing Management, 11th ed, Philip Kotler

                                                                                                           6
2. PTM’s needs, wants &
demands
Women need to build friendships and a romantic
 relationship, to gain self-esteem, achieve self-
 actualization

Women prefer Victoria’s Secret over other fragrances
 because of their packaging, price, popularity demand,
 mildness, refreshingness, moisturizing effects, and
 unique sexy scent.

Women demand a long-lasting scent, refreshing effects
 to the skin and the sense of smell, feel more
 attractive and desirable, and good and credible
 quality.
3a. Victoria’s Secret in the
Philippines has a lot of big
and established Competitors
   Direct: Ever Bilena, The Body Shop, Avon, Johnsons,
    Brand signature colognes (like those for Bench,
    Penshoppe, Marks & Spencer)
   Indirect: Eau de Toilette, scented powders, scented
    lotions, scented body wash, scented soaps

   Price, availability, popularity or brand equity,
    packaging, benefits, and the unique brand promise of
    heightened sexual attractiveness.
High perceived brand equity
                                          as of 2011
                         Price vs. Brand Equity
Price/ Brand Equity   Low value       High value

Matrix

High price
                                          The Body
                                  VS MistsShop Mists


Low Price             EB Mists
as of 2011
             Example of a benefit positioning
             vs. brand map for Body Mists
                                                Benefit Positioning vs. Brand Matrix


    Functional Benefit    Ever Bilena Mist   Victoria's Secret Mist   The Body Shop Mist
Sexy scent
skin conditioning
calming scent
luxury fragrance
heighten attractiveness
increase desirability
long-lasting
Saves money


                   Harder to stand out amidst the competitive clutter.
as of 2011
  Ever Bilena has been following the
  packaging and scents of Victoria’s Secret and
  sell them here in the Philippines.



The packaging(size, shape, color) of Victoria’s Secret
and Ever Bilena are very similar and even the scent and
Product name are the same and offering them cheaper.
             Ever Bilena Mist     VS Mist




    Harder to stand out amidst the competitive clutter.
4. Victoria’s Secret positions
strongly on Differentiation

Victoria’s Secret
-has created the image of being sexy in its brand name
   itself.
-has developed scents that brings out the sexiness in a
   woman
-focuses on Women.
Ever Bilena has been literally trying to copy this
   position.
Maintaining the image of sexiness in their lingerie lines
   continues to be manifested in their beauty products.
5a. Estimate of market size
using competitor data

-Growth in fragrances rebounded to record value sales of Ps7.6
   billion during 2010 as 5% value growth was recorded, a
   significant improvement on the 2% current value growth
   recorded during 2009.
-Avon Cosmetics share on the 7.6Billion is 40% or 3.1Billion
-The Body Shop 10%
-Ever Bilena 10%
-Victoria’s Secret 3%

Reference: http://www.euromonitor.com/fragrances-in-the-philippines/report
5b. Based on personal
knowledge

1.   With its popularity yet limited
     availability in the market, I assume a
     3% market share.
2.   3% of 7.6Billion = 228Million
5c. Estimate the market size
using customer data

1.    Usage per day(15spritz or 3mL):
         -5 spritz before leaving the house in the morning
         -5 spritz after eating lunch
         -5 spritz before going home
2.   250mL/3mL = 83 days of usage to fully consume
3.   365/ = 4 bottles a year.
4.   Assuming 250,000 people religiously follow this
     customer consumption: 250k X 4 = 1Million Bottles
     or 2Million X 500 pesos = 500Million pesos
5. Concluded Body Mist
Market is 228Million pesos.
1.   Competitor data=Php228,000,000

2.   Company data = Php228,000,000

3.   Customer Usage data =
     Php500,000,000
6a. Show how product looks
vs. competition


    Product shot 1
 of direct competitors
6b. What do you experience when
choosing Victoria’s Secret Body
Mists…


*Experience the luxury of fragrance.
*Refreshing formula is infused with
  conditioning aloe vera and calming
  chamomile.
*Spray on for a sexy touch of scent
6b. Victoria’s Secret Fantasies
Fragrance mists have 15 different
scents:

1.   BE SEDUCED         9.    PEAR GLACE
2.   LOVE SPELL         10.   WILD SCARLET
3.   PURE SEDUCTION     11.   LOST IN FANTASY
4.   STRAWBERRIES AND   12.   ENDLESS LOVE
     CHAMPAGNE          13.   RAVISHING LOVE
5.   VANILLA LACE       14.   SECRET CHARM
6.   AMBER ROMANCE      15.   MANGO TEMPTATION
7.   COCONUT PASSION
8.   SHEER LOVE
7. Price- Brands focus on a mix of
quality and pricing to create
attractiveness to customers

   VS Mists(250mL) are sold at 500 pesos in
    Watsons
   The Body Shop regular Mists(100mL) are
    sold at 795 pesos in all branches
   Ever Bilena Mists(250mL) are sold at 250
    pesos and small Mists(90mL) are sold at 150
    pesos in Watsons
7. Price- Body mist prices vary from
Php1000-Php7950 per Liter

   VS Mists are sold at 2000 pesos per Liter
   The Body Shop Mists are sold at 7950 pesos
    per Liter
   Ever Bilena Mists are sold at 1000 pesos per
    Liter or 1667 pesos per Liter.
7. Price Conclusion:

Victoria’s Secret mists are 75% cheaper than
The Body Shop Mists and 20% or 100% more
expensive than Ever Bilena mists.

           Relative prices vs. VS mists
Size       VS          TBS         EB
250mL      100%        400%        50%
8a. Which of these modes
does your product use?
** Pls. rank most used, 1-highest use



1                            2

                             3

                             5


6                             4
8a. Samples of Promo

Samples



          This can be in multiple slides
8a. Samples of Promo

Samples
8a. Samples of Promo

Samples:
Wholesaling
Buy 25 pieces or more and get free
  shipping
Buy 50 or more and get extra 5% OFF
8b. Competitor promo

Ever Bilena:
http://www.youtube.com/watch?v=0zvRXn9FE24
http://www.youtube.com/watch?v=0zvRXn9FE24
The Body Shop:
http://www.thebodyshop.com.ph/Index.php
9. Victoria’s Secret is sold
nationwide

   Mists are sold at all Watsons branches,
   Other Malls such as Cash & Carry
   Commonly sold online through E-
    Commerce websites by individuals who
    often travel to the US.(such as ebay.ph,
    sulit.com.ph and etc.)
http://stores.ebay.ph/rodeo-drive2007/_i.html?_nkw=secret+mist&submit=Search&_sid=584631916
10. The generic winning
strategy used by Victoria’s
Secret

Differentiation plays a major role in the
  strategy used by Victoria’s Secret

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10 step marketing plan

  • 1. 10 STEP Marketing Plan for (Victoria’s Secret Mists) Juancho Roa Pascual Product Photo here October 2011 1
  • 2. Steps 1 to 5 Women who loves to smell sexy 1. VS targets women from ages 18-28 2. Women want to smell fresh and sexy 3. Beauty products commonly found in the Philippines such as The Body Shop and Ever Bilena 4. Gap is other brands are more known to be readily available in the market and providing savings. 5. Market size is 7.6Billion pesos(2010). Victoria’s Secret niche is 228 Million.
  • 3. Steps 6 to 10 Women rely on fragrances to boost their sex appeal 6. Victoria’s Secret mists are refreshing sprays which also leaves a sensual scent 7. Is priced 30% less than The Body Shop mists and 100% more expensive than Ever Bilena products. 8. Highly advertised on E-Commerce Sites 9. Distributed nationwide 10. Differentiation strategy
  • 4. 1. Describe the primary target market (PTM)*  18-28 years old, women, social class AB and C, Single ladies)  Actively out in the public and interacts a lot with other people(such as dating),  spray as often as you like whenever you need refreshment -before going out and before meeting other people to get that mood enhancement and heightened attractiveness.
  • 5. 2. My PTM’s NWD Needs from Maslow’s hierarchy Wants determine choice Demands for them to buy the product
  • 6. Describe your PTM needs Self-Actualization Needs (Self-Development I am happy to be in a & Realization) romantic relationship Esteem Needs (Recognition, Status) I want to be fresh, Social Needs (sense of desirable and attractive belonging, love) Safety Needs (security, protection) Physiological needs (food, water, shelter) Reference: Maslow’s Hierarcy of Needs Marketing Management, 11th ed, Philip Kotler 6
  • 7. 2. PTM’s needs, wants & demands Women need to build friendships and a romantic relationship, to gain self-esteem, achieve self- actualization Women prefer Victoria’s Secret over other fragrances because of their packaging, price, popularity demand, mildness, refreshingness, moisturizing effects, and unique sexy scent. Women demand a long-lasting scent, refreshing effects to the skin and the sense of smell, feel more attractive and desirable, and good and credible quality.
  • 8. 3a. Victoria’s Secret in the Philippines has a lot of big and established Competitors  Direct: Ever Bilena, The Body Shop, Avon, Johnsons, Brand signature colognes (like those for Bench, Penshoppe, Marks & Spencer)  Indirect: Eau de Toilette, scented powders, scented lotions, scented body wash, scented soaps  Price, availability, popularity or brand equity, packaging, benefits, and the unique brand promise of heightened sexual attractiveness.
  • 9. High perceived brand equity as of 2011 Price vs. Brand Equity Price/ Brand Equity Low value High value Matrix High price The Body VS MistsShop Mists Low Price EB Mists
  • 10. as of 2011 Example of a benefit positioning vs. brand map for Body Mists Benefit Positioning vs. Brand Matrix Functional Benefit Ever Bilena Mist Victoria's Secret Mist The Body Shop Mist Sexy scent skin conditioning calming scent luxury fragrance heighten attractiveness increase desirability long-lasting Saves money Harder to stand out amidst the competitive clutter.
  • 11. as of 2011 Ever Bilena has been following the packaging and scents of Victoria’s Secret and sell them here in the Philippines. The packaging(size, shape, color) of Victoria’s Secret and Ever Bilena are very similar and even the scent and Product name are the same and offering them cheaper. Ever Bilena Mist VS Mist Harder to stand out amidst the competitive clutter.
  • 12. 4. Victoria’s Secret positions strongly on Differentiation Victoria’s Secret -has created the image of being sexy in its brand name itself. -has developed scents that brings out the sexiness in a woman -focuses on Women. Ever Bilena has been literally trying to copy this position. Maintaining the image of sexiness in their lingerie lines continues to be manifested in their beauty products.
  • 13. 5a. Estimate of market size using competitor data -Growth in fragrances rebounded to record value sales of Ps7.6 billion during 2010 as 5% value growth was recorded, a significant improvement on the 2% current value growth recorded during 2009. -Avon Cosmetics share on the 7.6Billion is 40% or 3.1Billion -The Body Shop 10% -Ever Bilena 10% -Victoria’s Secret 3% Reference: http://www.euromonitor.com/fragrances-in-the-philippines/report
  • 14. 5b. Based on personal knowledge 1. With its popularity yet limited availability in the market, I assume a 3% market share. 2. 3% of 7.6Billion = 228Million
  • 15. 5c. Estimate the market size using customer data 1. Usage per day(15spritz or 3mL): -5 spritz before leaving the house in the morning -5 spritz after eating lunch -5 spritz before going home 2. 250mL/3mL = 83 days of usage to fully consume 3. 365/ = 4 bottles a year. 4. Assuming 250,000 people religiously follow this customer consumption: 250k X 4 = 1Million Bottles or 2Million X 500 pesos = 500Million pesos
  • 16. 5. Concluded Body Mist Market is 228Million pesos. 1. Competitor data=Php228,000,000 2. Company data = Php228,000,000 3. Customer Usage data = Php500,000,000
  • 17. 6a. Show how product looks vs. competition Product shot 1 of direct competitors
  • 18. 6b. What do you experience when choosing Victoria’s Secret Body Mists… *Experience the luxury of fragrance. *Refreshing formula is infused with conditioning aloe vera and calming chamomile. *Spray on for a sexy touch of scent
  • 19. 6b. Victoria’s Secret Fantasies Fragrance mists have 15 different scents: 1. BE SEDUCED 9. PEAR GLACE 2. LOVE SPELL 10. WILD SCARLET 3. PURE SEDUCTION 11. LOST IN FANTASY 4. STRAWBERRIES AND 12. ENDLESS LOVE CHAMPAGNE 13. RAVISHING LOVE 5. VANILLA LACE 14. SECRET CHARM 6. AMBER ROMANCE 15. MANGO TEMPTATION 7. COCONUT PASSION 8. SHEER LOVE
  • 20. 7. Price- Brands focus on a mix of quality and pricing to create attractiveness to customers  VS Mists(250mL) are sold at 500 pesos in Watsons  The Body Shop regular Mists(100mL) are sold at 795 pesos in all branches  Ever Bilena Mists(250mL) are sold at 250 pesos and small Mists(90mL) are sold at 150 pesos in Watsons
  • 21. 7. Price- Body mist prices vary from Php1000-Php7950 per Liter  VS Mists are sold at 2000 pesos per Liter  The Body Shop Mists are sold at 7950 pesos per Liter  Ever Bilena Mists are sold at 1000 pesos per Liter or 1667 pesos per Liter.
  • 22. 7. Price Conclusion: Victoria’s Secret mists are 75% cheaper than The Body Shop Mists and 20% or 100% more expensive than Ever Bilena mists. Relative prices vs. VS mists Size VS TBS EB 250mL 100% 400% 50%
  • 23. 8a. Which of these modes does your product use? ** Pls. rank most used, 1-highest use 1 2 3 5 6 4
  • 24. 8a. Samples of Promo Samples This can be in multiple slides
  • 25. 8a. Samples of Promo Samples
  • 26. 8a. Samples of Promo Samples: Wholesaling Buy 25 pieces or more and get free shipping Buy 50 or more and get extra 5% OFF
  • 27. 8b. Competitor promo Ever Bilena: http://www.youtube.com/watch?v=0zvRXn9FE24 http://www.youtube.com/watch?v=0zvRXn9FE24 The Body Shop: http://www.thebodyshop.com.ph/Index.php
  • 28. 9. Victoria’s Secret is sold nationwide  Mists are sold at all Watsons branches,  Other Malls such as Cash & Carry  Commonly sold online through E- Commerce websites by individuals who often travel to the US.(such as ebay.ph, sulit.com.ph and etc.) http://stores.ebay.ph/rodeo-drive2007/_i.html?_nkw=secret+mist&submit=Search&_sid=584631916
  • 29. 10. The generic winning strategy used by Victoria’s Secret Differentiation plays a major role in the strategy used by Victoria’s Secret