Cupcake Bouquet Marketing Plan Essay

MissionCup cover Delight is dedicated to serve the merchandise with its supreme and beautiful varieties of cup taprooms, pastries, and cakes featuring the Mindanaos induce fruit crops that leave surely fit the palates and pockets of Filipinos.VisionCupcake Delight, as a prime source of quality cupcakes in Davao City, envisions to continually serve the market with its finest mathematical products with chaste customer service. It pass on strive to apply the total quality management in whole aspects of the organization in order to achieve the highest standards and expectations of the clienteles. Furtherto a greater extent, Cupcake Delight leave alone venture the desserts industry in the whole Philippines with its mission of delivering palatable and affordable products.ValuesCupcake Delight is excessively designed to improve and enhance the values root from its creation. It believes that these values will be an essential part of its success. These include the aras of organizati on, human, society, economy, and politics.Organizational Values* Total quality management* Continuous innovation of the products* Integrity and precedency of work and performance* Teamwork* Proper orientation to the customersHuman Values* Safety and honesty of the workers* Freedom for initiative of employees* Development of skills of the bakers and employees* C atomic number 18er growth* Resourcefulness in every situationSocial Values* Corporate social responsibility* Think green, do green* Respect for cultural diversity, minorities, and majoritiesEconomic Values* antiphonal to the trends in the economy* Harmony in the allocation of all forms of resourcesPolitical Values* Adherence of laws and policies* Appropriate use of freedom of expression* Advocate for mollification and orderGoalsCupcake Delight intends to be in the right direction and to keep on the right track. To accomplish this, it furnishes its goals for the comp each.* To introduce an innovation of cupcakes to the mark et and to advertise them effectively * To establish a associateion, value, and loyalty to the customers * To promote the cupcake bouquet, Boucake, as one of the best gifts for any occasionsII. TARGET MARKETThe target market of Cupcake Delight bear product, Boucake, is the male. A total of 76% atomic number 18 willing to spend their money comp ared to the female with the total of 75%. There is a very little digression but it is great to target the males since they are the most appropriate customers who will spend their money to acquire move over for their signifi ceaset others. Boucake is a supreme and delightful gift in this kind of romantic kin. In addition, Boucake is not just limited as a gift for sweethearts but s akinwisel in addition be a present for flock celebrating special even offts in their lives. It isbest for individuals celebrating their birthdays, commemorating their anniversaries, rejoicing their graduation, remembering special days akin teacher, mothe r and fathers day, childrens party and among others. These occasions somewhat require gifts the 75% female fanny be the customers for these.III. MARKETING NEEDS OR TRENDSThe cupcake bouquet, Boucake, has a 79% engage in the market. The percentage of take up is based on the survey question whether the respondents are willing to spend their money to purchase the product. Out the 200 respondents, 158 answered yes. This make set up give anticipation that the product will be likely accepted by the market when introduced. A 79% is a good judge to start presenting a product that is something new to the market. Almost three fourths are willing to buy though roughly 47.5% have al admity seen a product in resemblance to the Boucake. Cupcakes are no longer distinct and new in the eyes and tastes of the customers but Boucake which is innovated from this common product has still a demand in the market. It can be furtherly explained because 81% is fond of eating sweets. Therefore, when Bouc ake is strategically introduced and advertised, the 79% market demand can equal the 81% of people who like sweets.Cupcake Stores are growing in the Davao Region. Recently, the Jonathans Cupcakery which has a storehouse at Arellano Street had its branch in the SM Lanang Premier where more people can notice its cupcakes. Sweet Aroma bakehousepe is also keep on expanding its branches at cities outside Davao. A group of students also entered the cupcake personal credit line just this year. It is evident that there is a trend in cupcake business. The challenge is how to make the product attractive and unique from others. These cupcake stores offer varieties of flavors and customization of designs. However, Boucake differentiates from these because of its feature and physique. This keeps up the Boucake with the current trend in the market. In addition, Boucake is not just for satisfying hunger but can also be a present for loved ones especially during special occasions. 93.5% stated that Boucake is a good gift for those special events.IV. SWOT ANALYSISWEAKNESSES* new to the market, thus risky* no loyal customers yet* expensive compared to just buying a single cupcake* several competitors* short shelf lifeWEAKNESSES* new to the market, thus risky* no loyal customers yet* expensive compared to just buying a single cupcake* several competitors* short shelf lifeSTRENGTHS* products newness and singularity* originality* best for gift-giving* suited alternative for flower bouquets* attractive and satisfying* macroscopical target market (teenagers, young adults, more in a romantic relationship at a very young age) * high-technology advertisementsSTRENGTHS* products newness and uniqueness* originality* best for gift-giving* suited alternative for flower bouquets* attractive and satisfying* large target market (teenagers, young adults, more in a romantic relationship at a very young age) * high-technology advertisementsOPPORTUNITIES* expansion of branch and of products * more innovative products* partnership with related or substitute productsOPPORTUNITIES* expansion of branch and of products* more innovative products* partnership with related or substitute productsTHREATS* renowned or branded competitors might copy or imitate the product * failure or injury* overestimation of market demandTHREATS* famous or branded competitors might copy or imitate the product * failure or loss* overestimation of market demandV. COMPETITIONCOMPETITIVE PROFILE MATRIXDIRECT COMPETITORSA. JONATHANS CUPCAKERY harvestingJonathans Cupcakery offers different flavors of cupcakes from vanilla, chocolate, carrot, tiramisu, coffee, mocha, coconut mango, gingerose to pistachio. It also has variant macarons, chip cookies, and curried chocolate and toasted coconut ice cream tail endJonathans Cupcakery has a shop located at Arellano Street. Customers can dine in to eat its cupcakes and other pastries. It also has a branch in the SM Lanang Premier where more people will be ab le to see its products. onward motionJonathans Cupcakery promotes its product with Facebook page, uploadingits menu, current and new products. It also joined in Davao Gourment Collective where it can expose its products to other class of market. It also offers customized cupcakes during lets Day, Valentines, and other special occasions.PriceThe price of its cupcakes is quite an expensive because of the special ingredients it incorporates to make the cupcakes more varied and special.StrengthsIt has a branch inside a mall thus attracting more customers. It offers many variants of cupcakes which are not that known to the market making them interesting. Customization of its products is also being offered.WeaknessesIt has strong competitors which are more famous and well known than them. Some of its products design is plain.B. SWEET AROMA BAKESHOPPEProductSweet Aroma Bakeshoppe offers cupcakes with very cute and attractive designs and cakes with intricate and delicious appearance. des cribeSweet Aroma Bakeshoppe has a main branch at Pichon Street fronting the Grand Men Seng Hotel where customers hotel can see its products. It has branches fronting San Pedro Hospital, Gaisano Mall, Gaisano Grand Mall of Tagum, and NCCC Mall of Tagum where are outside the region of Davao.publicityIt is promoting its products through its own website and own page at Facebook reaching people through online.PriceThe cupcake costs at P49 is quite expensive but reasonable since its design is so pleasing to the eyes as well as to the palate of the customers. The cakes are very expensive outset at P500 which are quite small in size.It also offers 7 cupcakes for P250.StrengthsIt has many branches where people can well-to-doly purchase its products not just in Davao Region. It is starting to expand and to make a name in the cupcake industry. The products are so good both in the eyes and tongues which encourage and motivate customers for buying them.WeaknessesProducts are quite expensive wh ich hesitate the customers from buying it. It is just starting thus competitors can still be the first choice of the customers. Its branch in Gaisano Mall does not have any flyers which might give extra information to the customers especially those who are interested to buy its products for special occasions.C. ROYAL BITESProductRoyal Bites is offering flavors of cupcakes with very colorful designs. It also offers butter scotch, cookies, pastries, and customized cakes.PlaceRoyal Bites is situated in Juna Subdivision, Matina, Davao City.PromotionRoyal Bites promotes its products through Facebook, pictures, and word of address from the owners friends and customers.PriceThe price is reasonable for it meets the quality expected by the customers.StrengthsRoyal Bites doesnt limit its products to cupcakes but also offer variants of cakes and pastries. The products are also appealing.WeaknessesThe business is new to the market thus not all people know or notice its products. Competition ca n also be a impediment for catering more people.INDIRECT COMPETITORSA. GOLDILOCKSProduct goldilocks offers cakes and rolls for birthdays, and any celebrations and occasions with different flavors and decorations. It also has cake which the customers can modify with their own designs and likes. Pastries and pies are also available in its stores like mamon, hopia, egg pies, tarts, and macaroons. Goldilocks also has sweets like crinkles, cookies, pastillas, candies, chocolate bouquets and lollipops, polvoron, and popcorn. It also offers sarapinoy meals, pinoydeli, side dishes, and thirst quenchers.PlaceGoldilocks has numerous branches stalls and shops inside and outside the malls. Its branches are scattered all over the islands of the Philippines. bulk can visibly see its goods almost everywhere thus they are more encouraged to buy it.PromotionOne of the most effective ways to promote Goldilocks products is to advertise it in national television since everyone has a chance of knowi ng their product offers both the new and old ones. It also uses high-end endorsers like Kris Aquino, Judy Ann Santos, and Dingdong Dantes. It also promotes its products particularly cakes through its program decorate your own cake. Goldilocks goes green. It states, Help us save the Earth by getting and bringing the Goldilocks brown bag whenever you buy their favorite Goldilocks products. It also has discounts.PriceBased on Mark Striving, Goldilocks uses Good-Better- high hat. It is an intelligent pricing tactic that every firm should consider its an extension of versioning that takes vantage of customers psychological make-up. People who are unsure what they want will usually buy the middle, or Better choice out of Good-Better-Best. Go back and read that sentence again People who are unsure what they want will usually buy the middle orBetter choice out of Good-Better-Best. So providing a middle choice is the crux of the good, better, best tactic. It has been shown that customers av oid Best because they are afraid of paying too much it also shows that they are even more afraid of Good (the lowest choice) because they are afraid to purchase the lowest quality, and it may make them look cheap.So, when uncertain, they buy Better. This means, if company before long have two versions of offering, company should seriously consider adding a third with more features at a higher price (and feature level). This action will likely sway any of customers who were stuck between buying Good (the lowest) and Better (the middle), to choose Better. Companies will also likely sell some Best and at much higher profit than your other offerings. Overall, simply adding a Better option puts more profit dollars in pocket.StrengthsGoldilocks has already realized its name in the Philippines. It will be one in the options in every Filipinos when choosing cakes and pastries. It is well known and famous. The quality of its products especially the cakes is one of its edges. It has already been in the food industry for a long time therefore it has the proper know-how and strategies to pursue whenever it can encounter problems and competitions.WeaknessesHealth conscious individuals are quite a trend in the food industry. More people are watching their diet and how much calories and sugar they are in taking. Goldilocks uses sugar as its prime ingredient which might lead these individuals to avoid its products. Competition is always in the market.B. MERCOProductMerco offers various kinds and flavors pastries and cakes. It also has coolers like halo-halo and shakes. It also patronizes home-cooked Pinoy dishes and short-orders such as French fries and sandwiches.PlaceMerco already had 35 branches in Davao Region which are mostly take-out counters and a few are for dining particularly in Quirino branch. Its branches located almost everywhere make its products more visible and available to the market.PromotionMerco promotes its products through social media particularly thr ough Facebook and its own company website. It also advertises through large tarpaulins stating their new offers, promotions, and activities. Word of mouth from the customers also promotes Merco products.PriceThe prices of Mercos products are affordable to the market. It has a notion of pangmasa. A whole cake is priced at a minimum of P200, cake rolls at P150, coolers at P40, and the Pinoy meals at P50.StrengthsMerco already established well its name in the market especially in Davao Region. It has been reputable because of its credibility in serving quality cakes for more than 60 years that are affordable and reasonable. Its branches are located strategically where the public can see its products.WeaknessesSince Merco is in the business for more than 60 years, customers has a thinking that it is already old and want to try new and fresh branded products. It is not appealing to the higher class because it is pangmasa and it does not have systematic promotions of serving swiftness cl ass. Most of its branches are take-out counters so some customers are hesitant to buy its products and will instead go to other bakeshops where they can have stay while eating. Merco is not also expanding its product line outside Davao.C. RED ornamentProductCakes, rolls, pastries, and meals are the products of Red medallion. Cakes androlls are of different flavor and variants but mostly of chocolate. Pastries consist of different flavors of mamon, different slices of marble cake, varried numbers of polvoron, empanada, and pastillas de leche. Red thenar also serves spaghetti, carbonara, and palabok good for parties.PlaceRed Ribbon has different branches here in Davao, all inside the malls of Abreeza, Victoria Plaza, Gaisano, SM, and NCCC. It has stalls and stores all over the Philippines. People can recognize its products because it is betokend in public places.PromotionRed Ribbon advertises its products in the television where everyone can know and interest its products. It has a promotional activity but 9 butter mamon, get 1 free. This kind of promo is also available in ensaymada, yummy cheese roll, marble slices, and other mamon variants. It also offers customization of cakes.PriceThe price of Red Ribbon is usually expensive and caters upper class market.StrengthsRed Ribbon is easy to locate for its many branches. It is very convenient for the customers because they can locate it anywhere. It also offers not only cakes and pastries but also meals such as pasta, spaghetti, and other rice meals. It lets customers customize their choice of cake.WeaknessesRed Ribbon doesnt have much promotional activities and offers few flavors of cakes. It is likely limited to chocolate cakes. It has rice meals which are good but quite expensive.D. FUDGE manufacturing plantProductIt offers cupcakes, brownies, chocolate bars, and pies. The box, the factorycalled it the Medley of Fun has 24 different kinds of brownies from dark to white chocolate, plain to frost topping with an assortment of nuts, liqueur, and even durian (what Davao city is known, for). Other than the brownies, it has an assortment of pastries like cheese sticks, trifle, cookies and biscotti.PlaceFudge Factory is located at 2nd floor, Abreeza Mall, Davao.PromotionFudge Factory has online pages in Facebook. It can promote products to large population of people through online. More people are hook in Facebook thus more people will be able to know its products. There are also bloggers who promote their products as they posted positive comments about Fudge Factory. Furthermore, people can connect with its website for promotions.PriceThe price of Fudge Factory is affordable and reasonable.StrengthsIt has 24 varieties of brownies where the customers can have wide range of choices. Its location can cater different types of market or customers which can be its target marjet or potential customers. Products are good for any occasions and best for gift giving.WeaknessesHealth conscious people w ill not likely patronize its products because they contain fat, calories, and sugar. Fudge factory also focuses on pastry sweets which make the customers thirsty and doesnt offer any drinks.E. MARGIES BAKESHOPProductMargies Bakeshop offers cakes, pastries, cupcakes and full meals such as steaks and other Filipino dishes. It also offers sweets such as meringues and chocolate truffles. It offers desserts too like dulce de leche and a clutch more. Its products are really top quality. Its food is great and it matchestheir pricing too. But all in all, customers cant really judge them at price alone because its food is really good and very good to look at. It passed the two requirements of good food looks good and tastes good.PlaceMargies Bakeshop has lots of branches all over Davao City at Ecoland, Matina, Fairlanes, Torres, Abreeza Mall of Davao, and at Buhangin. The branches are convenient and visible to the customers.PromotionIt has online advertising through Facebook. There was a ti me Margies offered a buy 1 take 1 cake promotion.PricePrices are somewhat in the upper class range. Products prices are expensive. Their most affordable cake goes for P320 and it is only good for 2 persons. There are other cakes which cost for P320 P700 and only good for 2 persons. Their chocolate truffles cost at P13 each. But of course, with price comes the quality of their product. It is really expensive there but it is worth every centavo customers pay for.StrengthsMargies Bakeshop has different branches in Davao City making more customers able to see its products. The pastries and cakes are really quality products.WeaknessesIts pricing is expensive thus there are limited customers who will be able to spend their money to buy its products. The promotional activities are not that evident.I. SERVICES AND BENEFITSHEALTH BENEFITSThe fruits made of simple sugars like fructose and sucrose that when eaten replenish energy and revitalize the personify instantly. It is rich in dieteti cal fiber, which helps to protect the colon mucous membrane by diminish exposure time and as well as binding to cancer-causing chemicals in the colon. It is a source of antioxidant vitamin-C. It helps the body develop resistance against infectious agents and scavenge prejudicial free radicals. It contains high levels of essential amino acid, tryptophan which in the body metabolizes into serotonin and melatonin in which theyraises serotonin levels that creates an over-all sense of well-being and aids in depression.durion provides more concentrated healthful energy in food form than any other product the world affords. Its high concentration of raw oleic fats (and vitamin E), due south compounds, and soft proteins. It increases energy, endurance, mental clarity, and cellular health, good for muscle building and organ function. It has anti-aging benefits including enhancing the appearance of your skin. labourer is a good source of antioxidant vitamin-C, provides about 13.7 mg or 23% of RDA. It is a good source of potassium, magnesium, manganese, and iron. Potassium is an important component of cell and body fluids that helps controlling heart rate and blood blackjack. It contains minerals like manganese which is needed in the body to build bone and connective tissues Iron proceeds anemia while manganese as well as magnesium are essential for bone health Magnesium is important in the absorption of calcium and work with calcium to help the bones remain strong and prevent bone related disorders. B-Vitamins like riboflavin, vitamin B6, folic acid and niacin these are essential to maintain good skin and nervous system.Jackfruit lowers blood pressure levels. Jackfruit is a rich source of potassium for the body as it helps keep the body fluids and electrolyte balance in body cells and helps in regulating blood pressure reducing the risk of heart attacks and strokes. It strengthens immune system. Jackfruit is a very good source of vitamin C, a powerful antioxidant t hat can help prevent colds and infections. as well as help in the proper functioning of the immune system by supporting the functions of the white blood cells. It ensures better gastrointestinal health. The high fiber present in the fruit prevents constipation and helps in smooth and regular intestine movements. The fiber also offers protection to the mucous membrane of the colon by impetuous away the carcinogenic chemicals from the colon.Mangosteen is unique for its appearance and flavor. It is very low in calories (63 calories per 100 g) and contains no saturated fats or cholesterol. It is rich in dietary fiber (100 g provides about 13% of RDA), which can be very important for individuals who are concerned about putting on excess body weight. Mangosteen is good in vitamin C. Vitamin-C is a powerful water soluble anti-oxidant that helps the body develops resistance against flu-like infectious agents. It helps to combat pain (anti-inflammatory property which may go down inflamma tion, pain and joint modify linked with arthritis, or pain caused by sports workout and minor injuries) It maintains intestinal health relieve diarrhea, constipation, stimulate normal bowel health. Mangosteen may decrease blood sugar in Type II diabetes by making insulin more effective, decrease free radical damage and inflammatory build up help to maintain the blood vessel health, cholesterol level, protect heart muscle, lower high blood pressure. II. MARKETING salmagundiProductCupcake Delights feature product is Boucake. Boucake is derived from the combination of bouquet and cake. It is in a form of a bouquet but instead of flowers, it uses cupcakes with different fillings. It has different designs that look like a real flower. This cupcake bouquet is not just unique in its form and design, but also in its fillings. It patronizes Davaos best fruits fillings such as Durian, Mangosteen, and Jackfruit. Boucake offers two types one which has 6 cupcakes per bouquet and the other ha s 12 cupcakes. Both could be personalized in terms of designs as for customers request.Boucake is best for gift giving celebrations. It is great alternative for flower bouquet which males can present to their significant other during weeksaries, monthsaries, and anniversaries. It can be a gift during Mothers and Teachers Day.PlaceCupcake Delight will be situated in a pastry and cake shop inside a mall. Base on the survey, market would want to purchase it in the mall about 50.5%of them and in the pastry and cake shop about 44% of them. Mall is considered since there is less hassle. The physical place is already there unlike finding or renting a lot then build a store or shop. It is more costly. The rental fee in the mall is also settled and fixed. Mall, as a place Boucake, is also advantageous since there are people constantly visiting there. There will be more potential customers and target market can surely be achieved. Cupcake Delight can put on their minds the physical image of t he shop or through the permanent placement in the mall.PromotionBoucake will be promoted through online like Facebook, Twitter, and of course Instagram where the netizens can really see the actual image of the Boucake. Flyers must also be distributed to the customers so that they can have contact information and promotions of Boucake and other Cupcake Delight products. Decorations can be based on customers wants and on occasions. Discounts on bundled orders will also be used to create loyalty to the customers.PriceBoucake with 6 pieces will be priced at P350 while with the 12 pieces will priced at P650. 63.5% and 71% independently wanted it to be priced at that range. Pricing is cost based. Cupcake Delight pricing strategy will be based on the totality of all the expenses we had in making our product. We considered how we can put a price on our product in a way that we can cover all the expenses in our action plus our profit. We come up to a price of Php 350.00 for our cupcake bouq uet. With this price, 75% will be going to our expenses and the remaining 25% will serve as our income per bouquet.