marketing study s
TRANSCRIPT
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III. MARKET STUDY
3.1. OBJECTIVES:
To determine potential customers.
To analyze existing markets and future customers.
To determine what do this customers prefer on a shirt.
To respond to the demand of customers and meet supply requirements of
the demand.
To set reasonable price for our product.
To formulate effective marketing strategies.
To determine accpetability of the product.
3.2.METHODOLOGY
The researchers need a wide variety of sources to complete this study
including primary and secondary research
Surf the internet (websites, news and articles)
Informal Interviews
Distribution of questionnaire to respondents who are:
Resident of Taguig City
Ages 15 and above
Male and Female
With varied economic status
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The researchers made use of the questionnaire primarily to acquire
necessary information in relation to its market. It has been disseminated to the
respondents in the distribution place of our product, to Polytechnic University of
the Philippines – Taguig and to Taguig City University, universities within the
vicinity of our distribution area, to have more precise results.
The researchers also conducted informal interviews regarding to the
determination of the product demand and supply. They also consider some
internet research in order to collect relevant information.
3.2.1. Sample Population
Since the enterprise is located along Gen. Santos Avenue, Taguig City,
the researchers decided to use the sum of population within the following area:
Lower Bicutan, Upper Bicutan, North DaangHari and Tanyag.
Using the sum as total population, the researchers obtained the sample size
using the Sloven Formula such as follows
Lower Bicutan – 45,641
Upper Bicutan – 39,605
North DaangHari – 10,682
Tanyag – 21,161
TOTAL 116,489
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Given:
399 people jointly from Lower Bicutan, Upper Bicutan, North DaangHari,
Tanyag, Taguig City University and Polytechnic University of the Philippines –
Taguig served as our sample population.
3.2.2. Market Segmentation
The researchers used the market segmentation as another instrument to
enable them to define the characteristics of their consumers in terms of
geographic, demographic and psychographic aspects.
This leads the company to focus on the range of consumers / identify
other opportunities. This is also of great help in efficient and effective
communication of marketing programs and distribution of consumer goods.
Where
n=sample size
N=Total Population
e=marginal error
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Segmentation Description Illustrative Categories
Geographic
Region
City
Location of Distribution
Density of Area
Population
NCR
Taguig City
Gen. Santos Ave.
Urban
116,489
Demographic
Age
Gender
Civil Status
Economic Status
15 years old and above
Male and Female
All Status
Students, Blue Collar workers
Psychographic
Personality
Social Class
Taste / Preference
Practical, attention seeker, appearance
conscious and modern
Lower, Middle and Working Class
Practical, Trend Setter
3.2.3. Market Survey
Figure 1: Age
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Figure 1 shows that among the 399 sample population 74% is having the
ages between 15 to 20, mostly teenagers, while 19% is composed of 21 to 25
year old respondents and 7% is having the ages between 26 to 30,mostly
professionals.
Figure 2: Gender
Figure 2 shows that there are 160 Male respondents composed of 40% of
the sample size while there are 239 Female respondents that is equivalent to
60% of the sample size.
Figure 3: Survey Question #1
74%
19%7%
Age
15-20
21-25
26-30
40%
60%
Gender
Male
Female
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Figure 3 shows the percentage of acceptability, it says that 98% of the
respondents like to wear T-shirts while only 2% of the sample size does not like
T-Shirts. This implies that the market acceptability is equal to 98%.
Figure 4: Survey Question #2
Figure 4 presents the frequency of wearing t-shirts. This says that 78% of
the respondents wears a T-shirt everyday (7 days a week), 13% says they are
wearing it about 4 to 6 days a week while the other 9% wears it 3 days and
below.
Figure 5: Survey Question #3
98%
2%
1.) Do you like T- shirts?
Yes No
9%
13%
78%
2.) How often do you wear T-shirts?
0-3 days
4-6 days
everyday
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Figure 5 declares that most of the respondents buys a new Shirt every
month, this composes the 49% of the sample size, while 15% said that they agre
buying new Shirts 6 to 11 times a year and the other 36% says that they are
buying new shirt 5 times and below.
Figure 6: Survey Question #4
Monthly (12Times)
49%
6 - 11 Times
15%
0 - 5 Times36%
3.How frequent do you purchase a shirt? (Yearly Basis)
55%23%
14%8%
4.) What method do you prefer?
Digital
Silkscreen
Embroidery
Embossed
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Figure 6 shows the preferred method of the respondents regarding t-shirt
printing. This shows that 55% of the respondents chose Digital Printing, 23% of
the respondents prefer Silkscreen Printing, 14% chose the embroidery and the
remaining 8% says they like embossed printing.
Figure 7: Survey Question #5
Figure 7 shows the extent of the respondents that are willing to pay the
following range of prices; 56% of the recipients are willing to pay P150 to P200,
16% answered that they can afford to pay P201 to P250 for a quality shirt, the
other 24% says that they are willing to pay P251 to P300 for a quality shirt, while
the remaining 4% is willing to pay P300 and above to avail a quality shirt.
Figure 8: Survey Question #6
56%16%
24%
4%
5.) To what extent are you willing to pay for a quality shirt?
P150-P200P201-P250
P251-P300
P300 above
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Figure 8 shows that majority of the respondents prefer Statement Shirts, this gives a
result of 38% of the sample size, 35% says they want a customized shirt and the remaining 27%
said that they would rather prefer Shirts with printed images on it.
The whole summary of the survey results can be seen on Appendix.
3.3. DEMAND
Demand refers to the ability and willingness to buy the object he/she
desires at a particular price, time and place. In determining demand, there are
factors to be considered such as the population of the target market, the prices of
related goods, price expectations and income of customers.
The researchers will provide forecast on the future demand of the target
market for the proposed service, through studying the demands of the past
years.
3.3.1. Demand For The Past Year
35%
27%
38%
6.) What designs do you prefer?
Customized
Images
Statement
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The researchers need the historical demand for printed T-shirts. The
researchers conducted a research on two existing Printed T-shirt producing
enterprises; PUPian Lifestyle and who is currently producing organization shirts
for JPIA.
Table 1: Past year demand
Past year *Population Market
Acceptability
Estimated
Demand
2008 92,059 98% 90,218
2009 96,496 98% 94,566
2010 101,147 98% 99,124
2011 106,022 98% 103,902
2012 111,132 98% 108,909
*Projected using 3.82% population growth rate
Source: Taguig City Business Permit and Licensure office
Statistics from Municipal office are used to calculate the past demand. The sum
of the population within areas of Lower Bicutan, Upper Bicutan, North DaangHari
and Tanyag is multiplied by constant 98% Market Acceptability to avail the
product.
3.3.2. Major Consumer of the Product
The major consumers of the product are the residents within the following
area: Lower Bicutan, Upper Bicutan, North DaangHari and Tanyag; Also,
students from PUP - T and TCU. Every individual who knows or is near the
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location can be a consumer. Based on the conducted survey, students from the
said universities is the major potential patroniser of the business
3.3.3. PROJECTED DEMAND
Table 2 : Projected Demand
Year Estimated
Population
Market
Acceptability
(98%)
Frequency
Availment
per year
Estimated
Demand
2013 116,489 114,159 12 1,369,908
2014 122,104 119,662 12 1,435,908
2015 132,654 130,000 12 1,560,000
2016 144,634 141,741 12 1,700,892
2017 151,605 148,573 12 1,782,876
2018 158,912 155,734 12 1,868,805
To compute for the demand over five years we used the average annual growth
rate of 3.82% produced by the municipality of Taguig City. The population
projection is based on [(past population)(1%+3.82%)+past population].
Estimated population was multiplied by the market acceptability, which the
researchers acquired through the survey conducted that showed 98% of the
sample population is willing to patronize the product
The frequency of Availment per year is 12 because majority of the sample size
(49%) answered that they are purchasing a new shirt every month.
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Projected Demand = Estimated Market Population x Market Acceptability x
Frequency of Availment per year
3.4. SUPPLY
Supply is the amount of the commodity available for meeting a demand for
purchase at a given price.
It is considered a fundamental economic concept that describes the amount of
product or services available for sale on the amount that sellers are willing to sell
to consumers at a specific period. This spells the capacity of the business to
produce products to secure its market.
Supply for the past years is based on the competitors’ contribution to the market
sales.
To analyse and interpret the current supply of our market, the researchers
used informal interviews. The researchers found out that there are two existing
competitors within the area of distribution: 1) PUPian Lifestyle (located at PUP
branches) 2) A home-based entrepreneur; Mr. Ricky Toledo located at Paembo,
Makati City, but is currently producing PUP-T JPIA Org Shirt.
3.4.1. Supply on the Past Year
Table 3: Supply on the Past Year
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Competitors No. of
Facilities
No. of
Working
Hours
No. of
Manufactured
Product per
Hours
Days of
Operation per
year
Supply
PUPian Lifestyle 1 5 8 240 9600
Mr. Ricky
Toledo
1 8 2 240 3840
Total
3.4.2. Projected supply
the projected supply is the determination of the capacity of the business to
produce products or provide services for the years of its existence. In the case of
GrafiTee, projected supply will determine its possible share on the market being
enjoyed by its competitors.
Table 4: Average Projected Supply of GrafiTee
GrafiTee Plant capacity
per days
No. of Days of
operation
Projected supply
Express Tee
Ordered Tee
21
65
360
240
8,049
17,920
TOTAL 86 25,969
Projected Supply = Plant Capacity x No. of days of operation
In 2016, an economic event will occur which is the 2016 National
Elections, based on informal interviews and researches the events expected to
increase the existing growth rate of 3.82% to 7.64% due to an increase of
demand for shirts, because it is used as traditional election paraphernalia.
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Table 5: Projected Supply of GrafiTee
Year Projected supply
2014 25,969
2015 28,213
2016 30,651
2017 32,128
2018 33,676
3.5. DEMAND and SUPPLY ANALYSIS
Table 6: Demand and Supply analysis
Year ProjectedDemand
Projected Supply Demand/SupplyGap
2014 1,435,944 25,969 1,409,975
2015 1,560,000 28,213 1,533,787
2016 1,700,000 30,651 1,669,349
2017 1,782,876 32,128 1,750,749
2018 1,868,805 33,676 1,835,129
The projected demand represents the customers who are willing to avail
the products of GrafiTee while supply is the capacity of the business to provide
quality products that will satisfy the demand. On 2014, the projected demand is
1,435,944 while the supply is 25,969 having the difference of 1,409,975 as their
gap. On 2015, 1,560,000 is the projected demand while the supply is 28,213
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having the difference of 1,531,787 as their gap. On 2016, 1,700,000 is the
projected demand while the supply is 30,651 having the difference of 1,669,349
as their gap. On 2017, 1,782,876 is the projected demand while the supply is
32,128 having the difference of 1,750,748 as their gap. On 2018, 1,868,805 is
the projected demand while the supply is 33,676 having the difference of
1,835,129 as their gap.
3.6. Market Share
The determination of projected supply and projected demand of the
GrafiTee will help in arriving at the Projected Sales on Market share. The formula
in getting the market share on the projected sales is:
Market Share for 2014
=1.81%
Market Share for 2015
=1.81%
Market Share for 2016
=1.80%
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Market Share for 2017
=1.80%
Market Share for 2018
=1.80%
The annual market share percentage will yield the same number of customers
from their respective market population. This is due to the constant supply that
GrafiTee can provide.
3.7. Projected Sales
Projected sales are formulated by the researchers through examining the
sales projection produced by the competitors through the conducted informal
interviews. These are based on their average sales projection and their
determined, by experience, peak periods and growth rates. These conclusions
were brought by the market and competitor’s observation.
The analysis is divided into GrafiTee’s two product line: 1.) ET (Express
Tee) shirts and 2.) OT (Ordered Tee) shirts.
Table 7: Monthly Sales Projected of Express Tee
Month Units Produced Selling Price Sales
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per Month
January 99 250 P 24,750
February 102 250 25,500
March 106 250 26,500
April 110 250 27,500
May 114 250 28,500
June 170 250 42,500
July 176 250 44,000
August 264 250 66,000
September 273 250 68,250
October 283 250 70,750
November 424 250 106,000
December 637 250 159,500
Total P 689,500
Table 8: Monthly Sales Projected of Ordered Tee
Month Units Produced
per Month
Selling Price Sales
January 201 150 P 30,150
February 208 150 31,200
March 215 150 32,250
April 222 150 33,300
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May 230 150 34,500
June 346 150 51,900
July 358 150 53,700
August 537 150 80,550
September 555 150 83,250
October 575 150 86,250
November 862 150 129,300
December 1,294 150 194,100
Total P 840,450
Due to the peak periods of February (on which Valentine’s Day is
celebrated), June (opening of classes), July to August (start of the preparations
for Q4B, the foundation celebration of Polytechnic University of the Philippines),
and November to December (on which Christmas day is to be celebrated).
Table 9: Yearly Sales Projection of Express Tee
Year Sales
2014 689,500
2015 724,250
2016 760,500
2017 798,500
2018 838,500
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Table 10: Yearly Sales Projection of Ordered Tee
Year Sales
2014 840,450
2015 882,450
2016 1,065,533
2017 972,900
2018 1,021,500
The yearly Sales Projection is based on the 3.82% growth rate that has
been presented on the Demand and Supply Analysis. The years 2015 to 2016
has been doubled due to the upcoming National Elections.
Table 11: Sensitivity Analysis of Sales
Year Bad Economy Normal Economy Good Economy
2014 819,035 1,529,950 1,581,968
2015 1,446,030 1,606,700 1,661,328
2016 1,643,429 1,826,033 1,888,118
2017 1,594,260 1,771,400 1,831,628
2018 1,673,550 1,860,000 1,922,723
The sensitivity analysis were computed parallel to the following
assumptions:
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The growth rate increased at 3.4% during good economy, this is based on
the highest growth rate achieved by the Philippines for the past 10 years.
The decrease of rate during bad economy, which is 10%, is based on the
common inflation rate stated by the International Monetary Fund.
The decimals were rounded off to the nearest whole number.
The 15% increase on sales during 2016 is due to the 2016 National
Elections. The assumption was based on data gathered on informal
interviews with Mr. Ricky Toledo- a house based entreprenure for 16
years.
3.7. MARKETING STRATEGIES
The researchers conceptualized the establishment of GrafiTee because of
the need for good and stylish clothes for everyday use. T-shirts are the most
convenient everyday clothing in the Philippines, aside from being convenient it is
also the most comfortable clothe considering our tropical climate.
The ultimate objective of the business is “Customer’s Satisfaction”
regarding its needs and wants followed by gaining profit. In order to fulfil this
satisfaction, the firm will first identify its target market. After identification of the
service and the market, the next step is the formulation and implementation of
different marketing strategies for the services and the market to compete with.
3.7.1. Product
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GrafiTee are personalized T-shirts with customized printed designs. The
T-Shirts used can be either 100% cotton on polycotton, the T-shirts sizes also
varies form extra small (XS) to Large (L) and the customers will also have a wide
range of choices regarding T-shirts style: 1) Neckline can be either round neck or
v-neck. 2) Sleeves can vary according to customers’ performance; GrafiTee
offers short sleeves, ¾ sleeves and long sleeves. 3) Bodice can be either
straight cut, which is preferably for male, and patterned for female. Since
GrafiTee is offering customized designs, the customers wil have the freedom to
design his/her own shirt using GrafiTee Design Software, where the customers
can upload authorized photos and can type desired words. The full instruction on
using GrafiTee software can be seen below…
PROCEDURES OF MAKING YOUR VERY OWN ET
Make your own GrafiTee in Just A Few Easy Steps...
1. Choose A Shirt
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Start making your shirt by selecting what you like from different shirt styles,you
may choose from for men, women, and kids! After you select the shirt style, you
will then pick a color and size for your shirt.
2. Add A Shirt Design
After you have chosen a shirt style and color, you can start adding designs to
personalize your custom shirt! Choose from 1000's of customizable designs!
Picking a design color, then choose what type of print type for your design. You
can choose a print that goes well with your shirt's style. Choose from an elastic
type of feel, an inked in print, or even nice felt velvet. Then you can move and
resize the design to your desired results. If you want a very personalized design,
you can add a text or even your own name along a design you want.
3. Upload Your Own Shirt Design or Photo
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Want to use your own photo or shirt design? We have that option for you too!
Just choose upload photo from the shirt designer and upload you own photo or
design right form our computer! Once uploaded, you can choose where you want
to put the design on the shirt. This allows you to make shirts for special events
like family reunions, parties, sports teams or just your group of friends!
4. Add Text to Your Shirt
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If adding your own design wasn't enough... you can also add your own text to the
shirt with the custom text editor! Type in your own text, choose a font type, then
style your personalized text with color, size, italics, bolds, and alignments. The
GrafiTeeshirt designer has everything you need to make an awesome shirt!
Your Custom Shirt!
Now that you have completely customized your shirt.... we start preparations for
individually making your shirt. Every order is custom and special, so we make
sure to take care so that we can produce the highest quality shirt possible for
you! If it is ordered as ET (Express Tee) it will take at least 30minutes to finish-
this varies per order volume size-. But when ordered as Bulk Order it will take it
will take at least a week to finish, which also varies per order volume size.
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If the customer doesn’t prefer to design his/her own shirt he/she may just
as well choose a pre-made design using the software or choosing from our
sticker prints.
These designs are presented on a sticker like form and are available in
our store. Walk in our store and you will see a range of sticker like prints just
above the clothes line of our t-shirts. Indicated there is “step 1: Choose your
print”. After choosing your preferred design, you have to choose a T-shirt, if it
happens that you don’t have your size on preferred style available, you can
always request our sales agent who will be always around. After choosing your
design and Tshirt, present the 2 items to the counter that says “Step 3:
GrafiTeecation”; this will be the printing process. If it is just a single order it will
take at least 30 minutes to finish. Then sales agent will ask you to please wait
and settle the couch while waiting for your printed shirt to be GrafiTeecated.
Once done, you can now enjoy your very own GrafiTee. But, if it is a bulk order
consisting of 10 shirts and above you will have to come back after 1-3 days or as
instructed by the sales agent.
GrafiTee are divided into 2 categories 1) Express Tees (ET) and 2)
Ordered Tees (OT). Both categories will undergo the process presented
previously, both are customized and will use the same range of T-shirts but will
undergo different printing procedures, ET will undergo digital printing while OT
will undergo silkscreen printing or as preferred by the customer can undergo
digital printing.
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Express Tees (ET) – ETs are digitally printed T-shirts (100% cotton or
poly cotton shirts) which were either originally designed by the customers
themselves or chosen by the customer form a wide array of designs
provided by our software. Designs made through our special software will
be printed and attached to the shirt, the customer also picked, and is
ready to wear after thirty minutes.
Note: Originally made ETs are not to be reprinted and is solely for the maker’s
usage, unless the user will request for more orders.
ETs can be ordered through single purchase up to a bulk purchase
consisting of not more than 10 pieces. (10 pieces and above are to be ordered as
OTs that would take more than 24 hours to finish)
Ordered Tees – OTs are often digital or silkscreen printed shirts,
according to the customers’ preference, which were also originally
designed by customer. OTs are bulk orders consisting of not less than 10
pieces of shirts, it will take 1-3 days to finish when done digitally, but will
take longer if it is done through silkscreen printing, and it may also vary
according to order’s size and complexity of t-shirt design.
Note: Procedures on making ET is also applicable in making OT
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3.7.1.1. Brand
The researchers conceptualized the name through the two words that
completely defines the product.
Graphic which resonates style and Tees that indicates comfort, therefore
when Stylish Graphics and Comfortable Tees collide it will create GrafiTee.
3.7.1.2. Logo
This logo shall be placed at the uppermost portion of the shirts backside.
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3.7.1.3. Packaging
The researchers support environment conservation, therefore they
decided using a paper bag made from recycled materials. It is containing
GrafiTee’s logo including contact information for additional advertisement and
accessibility of the store for queries and feedbacks.
3.7.2. Pricing
The researchers decided to use Market Costing, where the enterprise
depends their pricing or selling prices to the current year’s market cost of the
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product. It is used if the enterprise is within the competitive market, which the
GrafiTee is currently facing.
The assumption is based on the data gathered from the competitors’
current market prices. Both competitors were ranging their prices from P150.00
to P350.00 .
Table 11: Cost per Unit of Express Tee
Cost per Unit Cost in Pesos
Direct Materials: T-Shirt
Ink
Transfer Paper
49
2.35
15.75
Direct Labor:
Indirect Labor:
Printing 8.316
5.544
Manufacturing Overhead: Software
Heat Press
Utilities
Digital printing
0.1298
0.43
1.95
0.196
Total Cost P 76.73
Table 12: Cost per Unit of Ordered Tee
Cost per Unit Pesos
Direct Materials: T-Shirt 49
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Paint 0.38
Direct Labor:
Indirect Labor:
Printing 8.316
5.544
Manufacturing Overhead: Software
Sprayer
Stencil
Heat Press
Utilities
Silkscreen Printing
0.1298
0.01
0.002
0.43
1.95
0.23
Total Cost P 59.06
Selling Price per Unit of Express Tee
Selling Price = P250.00
Selling Price per Unit of Ordered Tee
Selling Price = P150.00
3.7.3. Place of Distribution
GrafiTee is located at Block 28 lot 4 Gen. Santos Ave, Taguig City. We
are located between two universities (Polytechnic University Philippines -Taguig
and Taguig City University) which compose our target market.
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3.7.4. Promotion
The researchers of GrafiTee embrace the function of advertising which is
to inform and to persuade. To inform- the target markets and the potential market
awareness of the existence of the business in the Philippine industry. And t
persuade-for them to try and have repetitive action of availing the service. The
GrafiTee has an objective of having 70% awareness to the people within the
target market and its neighboring areas. To be able to achieve this objective, the
GrafiTee will have the following promotional and advertising strategies.
Aside from the traditional flyers and other promotional paraphernalia
GrafiTee will solicit to University officials and organizations and give them
discount rates for bulk orders.
Signage- Signage is a general term for any sort of graphic display
intended to convey information to an audience. It is usually placed in front of the
store.
Multi-media- Grafitee shall also use social media like Facebook, Twitter,
Google Sites and Tumblr, where customers can see GrafiTee’s ready-made
designs and where they can send their feedbacks and inquiries.
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GrafiTee custom designs
@grafitee
Post to Social your Recent Purchase directly after creating it. The
GgrafiTee Designing Software can immediately post your currently purchased
GrafiTee
.
The GrafiTee T-shirt design software may post to customers’ facebook,
twitter and other accounts his/her recent GrafiTee purchase (if the customer
would want it). This will create another way of advertising.
Viral Marketing- Viral marketing and viral advertising refer to marketing
techniques that uses social media/networks to produce increases in brand
awareness or to achieve business objectives.
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Communal Marketing- Communal marketing refers to a marketing practice
that incorporates public involvement in the development of a marketing
campaign. So the researchers involved the consumers on making their own
purchased product and also to the advertisement itself. This gave the birth of the
GrafiTee, it’s my TeeCampaign.
GrafiTee, it’s my Tee Campaign is GrafiTee’s most innovative kind of
promotions. The researchers concluded that most people likes to show other
people their personalized items and most people, even for once, though of
becoming a model someday, and it is the reason behind extravagantly prepared
poses for their social media profile pictures, covers and wall papers.
The researcher believes that this is a demand to be fulfilled, so GrafiTee is
launching a modelling contest.
Participants must comply to the following:
1) Participants must take a picture of themselves modelling their own
GrafiTee
2) Write a short caption (within 1 to 2 sentences)
3) Upload the picture together with caption, participants’ name, age,
address and contact numbers to GrafiTees’ website
The best two entries will have the chance to be GrafiTees’ model of the
month. Their pictures will be posted on our store as well as on website
and social media accounts.
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Note: GrafiTee maintains a wholesome image to the public; that means we are
prohibiting obscenity towards the campaign. Obscene inappropriate post shall be
deleted on our websites and social account pages.
SWOT Analysis STRENGTHS
(a) The sole shirt printing business in Taguig City which used state-of-the-art
Kornit Avalanche 951 DTG Printer.
(b) The use of advanced technologies in shirt printing produces excellent quality
product, high level of efficiency, flexible production systems and lesser cost of
waiting, which can add to our business reputation and customer value.
(c) Human resource strengths such as well-trained workforce or designers, a
creative and motivated workforce and good employer-employee relationships.
(d) The good management skills of the owners and their ability to extract
information will result to a well run business.
(e) The continuing effort of the business to build an excellent reputation.
(f) No-minimum order strategy.
(g) Promotion-oriented by offering promos and giveaways.
WEAKNESSES
(a) As a “new player” of digital shirt and sillscreen printing industry in Taguig,
credibility problem may affect our initial sales. At first, we might suffer from
difficulty in disseminating the business products and services.
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(b) Our sales will become occasional and dependent with the occasions, events
or celebration of our prospective customers.
(c) The business entail bigger amount to start thus we may suffer financial
weaknesses such as high levels of borrowing and low rates of return.
OPPORTUNITIES
(a) The growing number of businesses and educational institutions in Taguig
such as the establishment of Taguig City University, Polytechnic University of the
Philippines has expanded probable market segments that our t-shirt printing
(aside from the local households nearby) should have to provide attention.
(b) The increase of festivals, celebrations and events in the city and schools
such as the foundation day, Quest for the best and other political and school
related activities.
(c) Promoting the business with the use of internet and social media such as
Facebook, Multiply, MySpace, or having blog sites at wordpress.com,
blogspot.com, etc. in order build online presence and to be connected to wide
range of customers without being affected by the geographical barriers.
THREATS
(a) The increasing number of manual silk-screen printers in Taguig like Ricky
Toledo and the PUPian Lifestyle.
(b) The increasing number of stores and boutiques that sell ready to wear shirts
might impede the revenue generation of the business.
(c) The increase of web to print services wherein the customers will be the one
to design their shirts online and have it printed and delivered to them days after
they submitted the design to the website.