13 - Marketing Plan
13 - Marketing Plan
13 - Marketing Plan
This chapter is all about the marketing process which comprises assessing marketing
opportunities, researching and selecting intended audience, developing marketing designs and
strategies, planning marketing efforts, and organizing, implementing, and controlling the
A. PRODUCT
Our product is classified as a food/ snack item that fits for merienda. A banana ball is a
rounded ball with colors like a banana. The textures are kinda oily and rough because it is coated
with sesame seeds. The smell is aromatic and different according to the flavors that are inside the
banana balls. The target of our business is all people, children and adults will love it.
We believe that the moment we created our business competitors will also arise. One of
the businesses that we believe will be our competitors is "banana cue, marahuya, and turon
vendors". Banana cue and turon, marahuya is one of the easiest products that can be made by a
banana. That's why we can see these banana cues, marahuya, and Turon vendors everywhere.
The second possible competitor that we think is the "nilupak na saging vendors". Linupak
na saging is a delicious native recipe from the province. They use a big wooden mortar to mash
the bananas. This product is very in-demand in every celebration like Fiesta and it is a good
Barangay, many home sellers are making these products and selling them online through social
media. That's why our group thinks that these are the biggest competitor in our business.
Banana balls business already exists in the market but with a change through innovations
and a twist in the product, we know that it will love by our future consumers.
Banana balls belong to the food/ snack category. Banana balls are a rounded shape that is
a medium size and consists of four pieces in every box or package. It is made from banana which
is called "Saba" and with peelings inside of cheese, ube, vanilla, and caramel flavors.
Its color is yellowish when it is not yet cooked and golden brown when it is already cooked. The
smell of banana balls gives you an aromatic smell like caramelized due to liquefied brown sugar.
2. BRAND NAME
A brand name is the identity of the product that is needed to be as friendly and catchy
because its purpose is to be easily remembered by the customers. Brand names include the name
In this study, our group discusses and decided to name our brand "Bananascape". We
think that these brand names will help our business to be easily identified and known by our
future customers.
3. PACKAGING
spoilage, pest attacks, and tampering during transport, storage, and retail sale (New
Since our product’s main ingredient is Banana, our group came up into using the
banana leaf as the primary packaging of our product. After putting our product in to the
primary packaging, it would be place inside the paper food box (secondary packaging) so
the customer will also be comfortable on eating it even when they are walking on the
street. It would also help on avoiding certain circumstances like having dirt on the food.
In marketing mix, one of the elements is price. It is an amount or value that a customer
gives up to enjoy the benefits of having or using the product or services. Pricing is one of the
important parts of the business because it includes all the expenses that a business did to produce
the certain product or services. It must be affordable and cost-friendly for every customers,
because customers preferred to buy products that were affordable than the expensive one.
One of the related products to our product is the banana cheese balls on a stick. The total
cost on making it was Php 159.00 to make 51 pieces of banana cheese balls. It was served on a
TABLE 3.1
Related Price of Competitors
The table 3.1 shows the other commercial brands and the cost of the different products.
The mention commercial brands are the different competitors of our business. We came up on a
selling price of Php 20.00 per packaging that contains 4 pieces of banana balls. It is because
there was an innovation happen on making our product. It is different from the said competitors
as it offers different fillings and contains one of the ingredients that these different competitors
do not have.
C. PLACE OF DISTRIBUTION
Place is the distribution channel. It refers to the actions and procedures involved in
getting items from the manufacturer to the intended buyers. Making items available in the
appropriate location, at the right time, and in the right amounts is a critical activity for gaining a
larger market share and increasing sales, revenues, and profits. It focuses on the location of the
business, the location of the target market, how these two may be best connected, how to keep
DIRECT MARKETING
CHANNEL
PRODUCER CUSTOMER
FIGURE 3.1
The figure 3.1 shows direct marketing channel which allows consumers to buy and
receive goods directly from the producer. We will not use transportation because our target
audience is geographically concentrated. Using direct marketing channel, we can avoid the high
markups and costs associated with hiring intermediaries to distribute our products.
D. PROMOTION
We will use a strategy which is we’ll giving giveaways or make a contest, giving a gift or
bundles and usually referral discounts. We can promote it through different social media