Marketing plan of Ganja Juice
Mission statement of Marketing plan of Ganja Juice
To produce a happy society through healthy, natural, life-changing
ingredients, essentially adding to a greener world and a healthier environment.
Westy strives to provide healthy, natural, and life-changing smoothies to
society.
Current market situation of Marketing plan of Ganja Juice
Ganja juice is a US-based company
which is providing the best and high-quality service in the market. The juice
is being the first choice of the people; therefore, it already possesses a good
reputation in the market. Ganja Juice is collaborating with its customers with
a strong chain of relationships with the customers. It is providing healthy and
fresh juice to the customers who are competing with its competitors in real
meanings. Customers are not just valuing the services of Ganja juice; they are
also encouraging the company with meaningful feedbacks (Cohen, 2005).
Market description of Marketing plan of Ganja Juice
Ganja Company is dealing with the
variety of customers with services of juice and beverages to ensure that the
ultimate purpose of the company is to create a healthy and prosperous life in
the low prices. Although the profit is low but is generating long term relation
with the customers. The major customers to target are the young people children
as well as senior citizens who required quality products with the assurance of
healthy items. For this purpose, the company adopts sales promotions and
advertisements in the market which could be according to the new market
conditions.
Competitive position of Marketing plan of Ganja Juice
Marketing is basically done to
get familiarity with the people so that people could identify the features of
the company and choose to be served by a good one. There are several
competitors in the market such as Shezan, Danish and ACME, etc. if we examine
the price strategy of all the competitors and set price in a way that it could
be affordable and customer understand it more beneficial for them. For this
purpose, there should be a proper segmentation strategy related to the new
product in the market (Clancy, 2014).
Market segmentation of Marketing plan of Ganja Juice
Market segmentation is the division
of the product’s requirements according to different aspects. The market segmentation
could be in such a way:
·
Geographic segmentation Geographic
segmentation is based on the division of the market on the basis of geography. There
are different ways that are divided into market portions. The market could be
divided according to the geographical area such as according to the country,
region and city, etc. it could be divided according to the climate of the
region or any weather condition. In the case of introducing juice in the
market, there should be introducing the ceremony of the juice in at least 7
areas of the country which are considered to accept the juice. If it is widely
accepted then expand the supply of the product (Broad & Feinberg., 1995).
·
Demographic segmentation the market is
divided according to age, sex, religion, and nationality, as well as many other
aspects that are connected with a person who is related to the individual who is
dealing with the product. Demographics could be divided according to the
requirements of the customers and up to the limit of the needs of the
customers. Ganja juice divided the market according to age, gender, and family
size according to the income of the people in the area.
·
Psychographic segmentation Psychographic
segmentation is the division of the market according to the personality, moral
values, ethics, and belief of the customers. This segmentation is used to
develop the market of juice as it is the closest combination with the other
edible products.
·
Behavioral segmentation Behavioral
segmentation divides customers into different groups according to the response
and reactions of the customers, which they give after using the product. It could
be termed as occasions and events. This is definable that this process got the
perfect position in the market.
Target market of Marketing plan of Ganja Juice
It is the quality of the marketer
that he could satisfy all the customers with his strategies. For a better understanding
of the customers, he divides the market into different segmentation. Customers
could identify their products, which are required by them with the help of
segmentation. The marketer divides the market according to the portion of the
requirement, which covers the more area. The market could be positioned to
create awareness in the mind of customers. Ganja Juice is helpful in
maintaining good health, which makes the customer's mind to purchase the juice.
Different ads on TV and pamphlets make the customers' attraction towards the
product, and they get ready to purchase the products (Raviv, 2011).
Marketing communication of Marketing plan of Ganja Juice
Before you going to introduce a new
product in the market, you should have a strong relationship with the customers
so that it could be easy to capture the customer with the different
terminologies to target the customers. For this purpose, there are different
steps which should be adopted by the company t9 introduce the product:
Understand the need for customers of Marketing plan of Ganja Juice
It is the simplest way to know
about your customers who are existing in the market with different needs, which
could be highly related to your product. You plan to introduce Ganja juice should
be demanded by the customers with the internal and external sources of
information.
I.
Define your selling goals set your goal to increase the sale
in the market within the available resources. Make a clear position of your
brand in mind of the customers so that product differentiation could be
implemented in a reasonable way. Define goals are always easy to attain as
compared to run the business without goals.
II.
Determine marketing communication Use different communication strategies
that could be helpful to attain the potential customers in the market. These
strategies are
§
Online advertisement
§
Direct marketing
§
Events organization
§
Offline advertisement
§
Sponsorship
§
Annual sales promotion
III.
Define the brand element the brand should possess the
position in the mind of the customer which is made by the company, so there
must be the creation of brand goals which is according to the customer’s
requirements. There must be branding about the specific purposes which could be
recognized by the people during the personal campaign.
IV.
Execution When there is the preparation
of plans and so there must be the execution of these strategies to check out
that how business is being implemented so it could be easy to evaluate that how
the product is accepting in the market after introducing.
Marketing mix plan of Ganja juice
There should be proper division
of the 4P’s in the market, which is explained below:
·
Product of
Ganja juice
Product offering The Company produces a high quality
product to its customers to maintain the high quality in the market with the
different certifications awarded such as ISO 1400:9001. Hence it is a new
product in the market which is looking forward to attaining the best quality in
the market. For this purpose, the product should:
Features & Benefit Be produced with high-quality techniques
in the market. Import of fruits of the best quality from different areas of the
country or the world. Maintain the quality of the product or the standard of
the product, which should be tested or properly examined that the product is
not harmful to human beings. It is ensured that the product is chemical-free
and based on healthy ingredients.
·
Price of
Ganja juice
Setting a
perfect price for the products is a difficult task to do in the marketing mix
plan. When the company is going to launch a new product I the market, they have
no idea how the customer will react to this product and on which price they
will accept the product, which is according to their requirements. If we set a
higher price, the customer will not pay for it and shift their demand to the
alternatives, and if the price is set too low, there will be difficult to
fulfill the cost of production. So there should be following steps to follow
while setting a price:
Ø
As our product is juice and has many competitors
in the market. Our product should be acceptable in the market as it fulfills the
needs of the customers.
Ø
The product should be according to the choice of
the customers as they re the customers who will maintain the stability in the
market.
·
Promotion
of Ganja juice
Promotional
activities could be conducted on different platforms such as schools, colleges,
and various places where people are most likely to use the juices.
Advertisement is considered as the best tool to get familiar with the product
to the consumers. There may be different policies or procedures which are used
by the company to introduce the product.
·
Place of
Ganja juice
The company
should select a medium in which they could communicate with the people in
society so that people could get familiar with the new product come into the
market. All the strategies are to deal with the producer, wholesalers, and
retailers who provide the products to the consumers (Kendra.Blandford, 2017).
REFERENCES of Ganja juice
Broad, K., & Feinberg., B. (1995).
"Perceptions of ganja and cocaine in urban Jamaica.". Journal of
psychoactive drugs, 27(3), 261-276.
Clancy, S. K. (2014). "Branded Bud
or Generic Ganja: Trademarks for Marijuana in Washington." . Lewis
& Clark L. Rev, 1063.
Cohen, W. A. (2005). The marketing
plan. John Wiley & Sons.
Kendra.Blandford, A. (2017).
"Messaging Organic: A Strategic Plan for Genesis Organic Juice." . Ph.D.
diss., University of Oregon.
Raviv, M. (2011). "Swot analysis of
the use of composts as growing media components.". In International
Symposium on Growing Media, Composting and Substrate Analysis, 1013,
191-202).