dalman*dy*doromal*mejia*ong marketing management january 8, 2011 10 step marketing plan orthopaedie...
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Dalman*Dy*Doromal*Mejia*OngMarketing Management
January 8, 2011
10 Step Marketing Plan Orthopaedie Frey Far East , Incorporated Arch
Supports
Disclaimer
• All information from this presentation is solely for classroom exercise.
• The author has no professional connection with Orthopedic Frey
• Data gathered and those projected may be fictional
What is an ARCH SUPPORT?• Orthotic
appliance placed inside shoes
• Provides underside support for feet
• Shaped to fit the arch of the foot
Why the need for ORTHOTICS?
• Accurately and precisely position the foot throughout the gait cycle
• Prescription fitted• Symptom alleviation• Proper gait alignment
Part I: PTM and Positioning1. Main target: Athletes2. Who want safety and comfort3. Can choose from other retail
manufactured products (i.e. Dr. Scholl, Nike shoes)
4. Other brands focus on mass production and providing comfort only
5. The market size is approximately Php40M - Orthopedic Frey covering approximately Php 400,000
Part II: Marketing Mix 1. Product: Orthopedic Frey Arch Supports2. Price: Php 3,000 - 5000 per pair3. Promotion: educational flyers, events, and
company website 4. Place: Accessible office locations5. Uses differentiation technique to step up
above its competitors
PART 1: PTM AND POSITIONING
PRIMARY TARGET MARKETStep #1
Who uses arch supports?
Frey Primary Target Market
• Professional athletes of national teams• Daily training and competitive sports• Requires comfort during and after
activities• Prevent injury
NEEDS, WANTS AND DEMANDS OF THE PRIMARY TARGET MARKET
Step #2
Self-actualization
needs
Esteem needs
Social needs
Safety needs
Physiological needs
Fig. 1: Maslow’s Hierarchy of Needs
I don’t want to be hurt
People will look up to me when I perform well
I am complete when I reach my full potential with my game
The Athlete’s Mind’s Eye
COMPETITION AND COMPETITIVE POSITION MAP
Step #3
Competitors• Direct Competitors: LP
Support Insoles
• Indirect Competitors: Rubber Shoes (e.g. Asics, New Balance), Comfort footwear (e.g. Crocs)
• Variables: Price, Quality, Customization
Battle in the ShoeArch Support Insoles• Comfort for the feet• Functional support• Custom-made and
generic fit
• For additional padding
• Shock absorption• “One size fits all”
Differentiation: Customizable and Price
PRICE/CUSTOMIZABLE CUSTOMIZABLE NON- CUSTOMIZABLE
LOW PRICE
HIGH PRICE
THE GAP, THE OPPORTUNITY AND THE POSITIONING
Step #4
Filling the Gap• Customizable to any foot type
• Internal contacts with sports teams (e.g. professionals, varsity teams, etc.)
• Technical know-how to educate on the necessity of arch supports
• Good quality materials
• Available repair
Taking a Stand: Differentiation
• Orthopedic Frey customizes arch supports to the customer’s foot type and size that promotes their safety during their activities (i.e. walking, running, basketball)
• Others focus only on patient’s comfort but may not ensure the aspects of safety – specific for athletes.
Step #5: Orthotics Playing Field
• $200M industry in the Asia-Pacific (2008)• Claimed market share: 1% of all possible
customers• Monthly sales: Php 400,000 (60% of sales)• Approximated local market size
is 400,000/0.01 = Php 40 million
PART 2: MARKETING
MIX
Step #6: Major BrandsOrthopedic Frey
Branded shoes
Dr. Scholl
• Orthopedic Frey Arch Supports are customized to specific foot type and size of the user
• Current Uses: for injury prevention and improvement of existing problems (e.g. Plantar fasciitis, Achilles tendinitis)
Step #6: The Product
• Technicians of these products are trained in orthotics and prosthetics.
• All products are hand-crafted using imported materials.
• Made with quality, safe and durable materials.
Step #6: The Product
Step #6: Ordering the Product
MAKE AN APPOINTMENT
TECHNICIAN WILL ASSESS
OR CAST FOOT IF NEEDED
FABRICATE ARCH
SUPPORT
CUSTOMER PICK- UP
Step #7: Promotional Ideas
Educational flyer
Step #7: Promoting the Product
• Personal communication with doctors, coaches of professional and varsity teams
• Word of mouth among existing clients
• Public relations efforts via events (e.g. marathons, triathlons, tournaments, etc.)
• Awareness campaign on the need for customized arch support to better cure and prevent sports related injuries
• Use of billboards, health magazines, sports magazine print advertisements, flyers, and newspapers
Step #7: Other Promotional Ideas
• Sponsor medical conventions, continuing medical education, forums, round table discussions, and company events
• Send medical representatives to introduce and explain the benefits of the product
• Target podiatrists, orthopedic surgeons and rehabilitation medicine specialists
Step #7: Other Promotional Ideas
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) and more readily available (e.g. Malls)
Step #9: Where to Find the Product
• Product available in main offices (Pasig and Cebu)
• Product is picked up in the main office• Requires at least 2 visits: measuring
and fitting• Cash, credit and bank deposit
transactions
THE WINNING MARKETING FORMStep #10
Step #10: Winning Strategy• Orthopedic Frey’s main strategy for its arch
support would be differentiation, because of its customized comfort aspect
• It can target the niche market of athletes for their safety in their sports
• It has an excellent product with user satisfaction guarantee
SUMMARY
Summary: Marketing Strategy
• Target Market Segments: niche market for athletes (e.g. Professional and varsity teams)
• Retain customization specialization• The market size is approximately Php 40
million with Orthopedic Frey covering approximately Php 400,000
• Proposition / Key Element – Market research to explore other differentiation strategies
Dalman*Dy*Doromal*Mejia*OngMarketing Management
January 8, 2011
10 Step Marketing Plan Orthopaedie Frey Far East , Incorporated
Arch Supports