Date post: | 19-Jul-2015 |
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AGENDA
• Background – What is TerraCycle?
• Campaigns
• Objectives
• Target Market
• Competition
• The 3 P’s – Product, Price and Positioning
• Channels of distribution
• Marketing strategies
• Recommendations
• Never Forget This!!!
BACKGROUND
What is TerraCycle??
• A private US small business
• A Recycling and waste management
Company
• Founded in 2001 by Tom Szaky
• First Product – Terra Cycle Plant Food (Worm
Poop)
• Named “The Coolest Little Start-up in
America” By Inc. Magazine in 2006
OBJECTIVES
• To eliminate the idea of waste
• To promote TerraCycle Inc.
• To get partnerships with different organizations globally
TARGET MARKETTARGETED
SEGMENT
CUSTOMER
NEED
BENEFIT
• The Young
generation
(Consumer
Market)
• Fun
• Rewards
• Knowledge about
environmental
sustainability
• Low cost Products
• Manufacturing
Companies
(Business
Market)
• Management
of waste
materials
• Provide raw materials
for company's
products
• Brand Awareness
• Retail Stores
(Business Market)
• Increase in
sales and
revenue
• Sales growth
Marketing Lessons Learnt!!!
• Usefulness of the Public Relations
Department
• Importance of social media with the use of
a blog on suedbyscotts.com
• Importance of articles on major national
media such a Wall Street Journal, New
York Times, Business Week etc.
CHANNELS OF DISTRIBUTION
Collect waste from
consumers/brigades
/companies
Processes wastes and
develop unique solutions for
collected waste
Processed waste is sent
to major manufacturers
who make finished
TerraCycle products
Retailers
Wal-Mart,
Target
Consumers
MARKETING STRATEGIES
• LOW-COST MARKETING
• Negative cost Marketing: By Books or Manuals
• USE OF SOCIAL MEDIA: FACEBOOK, INSTAGRAM etc.
• “GARBAGE MOGULS” TV Show on National Geographic Channel
• Blogs, contests
• National and Local newspapers
SUMMARY
NEVER FORGET THIS!!
PUBLIC RELATIONS IS AN IMPORTANT
PART OF BUSINESS GROWTH
TRASH IS CASH!!
GARBAGE IS GOLD!!
REFERENCES• http://www.ecouterre.com/gown-made-from-
recycled-mm-wrappers-fronts-terracycle-pop-up-shop/
• http://www.terracycle.com/en-US/histories.html
• http://www.businessinsider.com/terracycle-office-tour-2011-8
• http://www.facebook.com/photo.php?fbid=10152615775760714&set=pb.224583260713.-2207520000.1362767535&type=3&theater