marketing research for l'occitane's ultra-rich face cream

29
The Alpha Team Jamie Valinoto , Tanisha Bruno, Ju Lee, James Moreno and Kristine Waliniski

Upload: tanisha-bruno

Post on 18-Jun-2015

456 views

Category:

Marketing


1 download

DESCRIPTION

Term Project for Integrated Marketing Communication class at FIT.

TRANSCRIPT

  • 1. The Alpha Team Jamie Valinoto , Tanisha Bruno, Ju Lee, James Moreno and Kristine Waliniski

2. Positioning Statement A quality hydrating face cream for women who have suffered with dry skin for years the end-all of solutions. 3. Objectives Gather research to find out who the target audience is/should be for Ultra-Rich Face Cream Find insight as to how it should be positioned Explore the potential for developing an integrated marketing communication program 4. Qualitative Research Conducted Method Twenty-five interviews were conducted amongst women ages 18- 34. These women are current users cosmetics or face creams. The groups ranged from students, to women of the workforce with at least a high school education. The interview consisted of twenty questions and lasted for roughly half an hour. The samples of women were selected in New York City and the surrounding area. 5. Qualitative Research Findings Influences in purchase of a new product: Most women said their mother is their influencer when it comes to the purchase of a new skincare product. Friends are also an important word-of-mouth-influence Internet recommendations and product reviews weigh heavily in the decision making process for face products Trials and free samples of products 6. Qualitative Research Findings Skin problems that face creams are sought to correct: Acne Dry Generally, women would rather their face creams focus on fixing one attribute rather than many Loyalty Some women have been loyal to a handful of different brands throughout their life 7. Qualitative Research Findings Price If a product gets better reviews, many customers are willing to spend more on that product Face creams are seen as an investment, and are generally considered worth the high prices 8. Qualitative Research Findings Location/type of store: Women frequently shop at drugstores for products such as gentle cleansers or non-abrasive exfoliators Department stores and boutiques are where most women go for specialty products such as face creams The two most mentioned stores for specialty face care products were Sephora and Nordstrom The most visited store for common products was Duane Reade 9. Qualitative Research Findings Benefits of products: Generally, women would rather their face creams focus on fixing one attribute rather than many Those who like their products to be multi-functional say the product saves on costs Nearly all women seek out a product to fix a problem they have struggled with for a long period of time 10. Qualitative Research Findings Important attributes in the purchase decision for skincare products: Brand Price Location/type of store Benefits of product Ingredients Consistency and scent of physical product 11. Conclusions The 18-34 age group is better for this type of product due to the common skin care problems it claims to remedy. This demographic is likely to spend more on a product such as this due to its benefits and the type of specialty product that it is. The criteria most women use when buying skin cream are benefits of products, price, scent, and word-of-mouth recommendations. 12. Recommendations Not positioning this product using natural ingredients or as anti-aging is more beneficial to this audience This product needs to target women who have suffered with dry skin for yearspositioned as the end-all of solutions The marketing campaign should appeal to the mothers of the users as well. Focus on generating trials rather than obtaining brand loyalty as many women constantly switch face creams 13. Quantitative Research Conducted Method After conducting twenty-five interviews amongst women ages 18-34, we created a ten question survey to help provide insights as to what drives consumers to purchase their face creams. This survey was created online (SurveyMonkey.com) and distrusted using social media (Facebook) and email. After 50 anonymous people completed to the survey, we collected the data and analyzed through graphs and comparisons. Through the respondents answers, we come up with recommendations to the objectives. 14. Quantative Research Findings 4% 21% 27% 12%2% 6% 12% 4% 6% 4% 2% Age of Respondents 18 19 20 21 22 23 24 25 26 28 55 15. Quantitative Research Findings 44 30 22 0 4 0 10 20 30 40 50 Drugstores Boutiques Online Infomercials Other Location of Purchase % Respondents 16. Quantative Research Finding 92% 8% Brand Purchase Use Multiple Brands Use one brand 17. Quantative Research Findings 0 20 40 60 % Respondents 34 8 58 Importnace of Ingredients Prefers Natural Ingredients Prefers Chemical Ingredients No Preference 18. Quantative Research Findings 0 10 20 30 40 Acne Correction Hydrates Dry Skin Sensitive Skin Solution Anti-Wrinkle/Anti-Aging Self Tanner 28 37 26 7 2 Product Features % Respondents 19. Quantative Research Findings 0 10 20 30 40 50 60 70 80 90 % Respondents Considerations Price Quality Benefits Brand Specific Purpose Other 20. Quantative Findings 8% 12% 28% 16% 28% 8% Purchase Frequency Once a Year Every 6 Months Every 3 Months 21. Quantative Research Findings 0 5 10 15 20 25 30 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 100 150 %Total Price ($) Price Maximum % Respondents 22. Quantative Research Findings 0 10 20 30 40 50 60 Magazine Online Family Friend Other Recommended From % Respondents 23. Conclusions The average age of respondents was 24. So, in order to penetrate this young market, LOccitane must consider their needs and usages Overall, the benefits is the most important factor this demographic considers when purchasing a face cream. Most of them need a product that hydrates their dry skin. Consumers prefer word of mouth to traditional print or TV advertising when deciding on what cream to purchase. They trust the recommendations coming from a person rather than from the brand itself. These consumers use their face creams primarily in the morning, and purchase a new product when their current one runs out. They are not brand loyal, when buying face creams. A majority of the Respondents did not care what ingredients are in their face cream (natural vs. chemical). Respondents are willing to pay no more than $50 on face cream. 24. Recommendations Therefore the following should be considered: To position this face cream, it should be advertised as quality hydrating cream for young adults. The brand must strengthen the power of word of mouth and provide its customers with the tools to share their success stories in using the cream. Since, many are not loyal to a specific brand, LOccitane must reach the consumer roughly every three months and consider the customers as switchers. 25. Target Group Description Women between the ages of 18 to 35 who are employed or currently in some college. They frequently purchase skin care products with a main concern of hydrating their skin. 26. Tagline Wonderfully hydrating its been said before that nothing moisturizes like this 27. IMC Recommendations Price: $42 Product: An integrated marketing communication program that puts emphasis on hydrating. 28. IMC Recommendations Place LOcctaine boutiques Department stores Promotion Advertising Magazine inserts in Allure, Glamour and Cosmopolitan Direct Marketing Public Relations Sending product to bloggers to review Mother Daughter In store Spring Event 29. Thank You!