MARKETING CHOCOLATE

Business game 1.

Marketing means-

· investigating who buys, when they buy, where they buy, how often they buy and how much they spend on a chosen item

· and then finding the best way to sell the item to make the most money

Every chocolate bar has an ideal target market (buyers) and this is broken down into:

Age Money/economics/lifestyle

Sender (male or female) Values/interests

If a chocolate bar is aimed at different people to you it's unlikely you'll buy it for yourself (but you might as a present for others).

If a company decides it wants to change its target market for a particular product, it will need to change the way the chocolate is marketed.

• For example, the product TWIX had a target market of mainly middle-aged people a few years ago, and these people were buying less and less chocolate. TWIX decided to update their image to appear younger and launched the "Break From The Norm" adverts so people began to see TWIX as chocolate for teenagers.

Sometimes, companies will try the following:

· Re-launch a product that's not selling well by aiming at a new target market (like TWIX but also YORKIE who are aiming their bars at men)

· Choose one of your favourite chocolate products and describe its target audience (the people most likely to buy it)

· Describe the wrapper of your chocolate bar (colours, fonts, words, etc.)

· Write a couple of sentences on how the wrapper appeals to the target market

· Describe an advert that you've seen for your chosen product (print, Internet or moving image)

· Write a couple of sentences on how this advert appeals to the target market (images, music, dialogue, characters, ideas, etc.)

· Write a list of any marketing tactics that have ever been used to sell your product (money off, special versions, re-launch, etc....)

· Write a couple of sentences about how you could market your product better - what you would do to sell more of it?

You are now in charge of launching a brand new chocolate product.

Yоur target market is:

• Boys and girls aged 8-14

• Reasonably cheap (under 30p)

TASKS

1. Describe what your product would be like

· Is it a bar, a drink, an egg, an ice-cream, etc.?

· Is it a new version of an existing product or something brand new?

· What ingredients are in it?

· What size is it?

· How much is it?

2. Design a wrapper for your product

• Think carefully about colours, fonts, wording, material, etc. ...

3. Explain how you would market your new bar

• Look back at your notes on marketing and choose the most suitable practices

4. Design an advertising poster to launch your product

• Think carefully about the colours, fonts, images and words you choose

• Decide which magazines you'd place the advert in (and if your product is seasonal, when you'd place it)

• Where would you put a billboard poster?

CONVERSATION GUIDE

BE=Bank Employee, C=Customer

BE: Please have a seat. How can I help you today?

C: Well, I’m interested in taking out a mortgage, but I would like some information first.

BE: I’d be happy to answer any questions you have. What would you like to know?

Date: 2016-03-03; view: 952