Date post: | 15-Apr-2017 |
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Anthony AshnerRyan Colgren
Bonnie RischmannMichael Sullivan
Orb● A once-a-month subscription box for tween girls that include organic
makeup products and accessories.● A supplemental app is also available with the product
Mission Statement
Cosmetic Industry Background● The cosmetic industry is one of the most
competitive industries
● However, it is one of the highest grossing industries.
● In the overall health and beauty care market, makeup margins tend to be the highest (as much as 38%), followed by skin care (as much as 35%).
● Increased interest particularly in the United States and Europe and worldwide sales were $9 billion and projected to be $14 billion by 2015.
Subscription Industry Background● The subscription industry is very lucrative● Often good value for the price spent● People are looking for an average value of about double compared to what
they paid.● Beneficial for small businesses as a focus is placed on building a customer
base.
Company Background
● Identity Green is an eco-friendly company
● Orb will come into existence on November 27, 2015.
● Headquartered in San Antonio, Texas.● Four management members of the
company for now.
S.W.O.T AnalysisStrengths● Marketing
● Company Image
● Available Technology
Weaknesses● Financial Resources
● Production Costs
Opportunities● Component lifestyle
● Social Media
● Ethnic Markets
● Purchasing Power
Threats● Competition
● Consumer Privacy
iBbeautiful
● Most popular kids beauty product on
mysubscriptionaddiction.com
● $20 a month, $28 a month for a t-shirt
package deal
● Same price for all subscriptions
● Biggest competitor
LYFNow
● Main theme of loving yourself
● $29 a month, free month if you subscribe
for a year
● Targeted to ages 13 and up
Posh Pak
● Three different boxes for different ages
● $29 a month
● Healthy/beauty products, school supplies,
fashion accessories, technology
The Boodle Box
● “Fashionistas in Training”
● $25 a month
● No free shipping on some of the
subscription options
Customer Analysis● Generation Z Females● Accessibility● App● Buying Power● Appeal● Social Media
Product
● All-natural, all organic ingredients● One key ingredient comes from ylang-ylang● Found in our skin care products● Within the Orb, you could receive items such
as hair chalk, nail polish, lipstick, scarves ● Housed in a spherical shape container
Product
● No warranty● Return policy of 10 days with a cancellation of
subscription● Value of Orb is excellent compared to others
App
App
App
Place● San Antonio, Texas● Packaging● Shipment● Damage & Replacements● Future Locations
Promotion● Digital advertising will be the most effective way to reach tween girls● Online banners for YouTube & social media websites● Marketing to parents● Social media marketing● Glitz marketing
Advertisement● Supplemental app● Facebook● Instagram● Twitter
Price● $20● $240/year
● Free Shipping● Eco-friendly ● Trial
Implementation● Social Media
○ Feedback
● Budgets○ Variances○ Monthly○ Semi-annual
● Internal Discussion○ Four P’s
● External Discussion○ Analysis
Control● Cognitive Dissonance
● Marketing Mix○ Four P’s
● Survey
● Market Research○ Focus Group○ Surveys○ Social Media
Control
Thank you for your time.