Presented by:
Vision
Mission Statement
Our mission is to provide all households of our target market with at least one
baby seat as an essential part of their daily routine in order to ensure the protection
of babies during car rides.
Introduction:
Specially-designed car seat covers provide protection for infants and toddlers.
These car seat covers are different from those used for adults and older children as
they are front facing allowing the baby to rest in comfort while traveling.
The most important aspect of an infant car seat cover is the security it provides.
The best infant car seat covers are those that have five-point strap-on attachments:
one for each shoulder, one for each thigh and one between the legs of the infant.
Such covers provide maximum protection for the baby while the car is in motion.
Another car seat cover is available which has a T-strap; however it is not very
secure or comfortable for the movement of the baby.
Car seat covers for infants are made from a very soft material so as not to harm the
baby's skin. Some better quality seat covers are water and snow resistant and
thermally insulated. Infant car seat covers come in a wide variety of colors and
patterns which make them look very attractive. Infant car seat covers are designed
in such a way that they can be easily extracted from the seat of the car along with
the baby in it. Hence, infant car seat covers can be used in prams and also while
rocking babies to sleep.
Earlier infant car seat covers had buckle arrangements at the rear of the seat.
However this was cumbersome as they required moving the baby and exerting
oneself to strap and detach the cover. Recent car seat covers for infants have their
strapping arrangements at the front end.
Their basic design and structure is the same, but their prints and patterns vary.
They have slight modifications to attract customers. Used infant car seat covers are
available, but they are not advisable to purchase for both hygienic as well as
security reasons.
Objectives
Marketing Strategy
Pull strategy
We are using pull strategy as we want our customers to come to us for their need
fulfillment as our awareness campaign would have captured them already. This
awareness program would make us using this strategy as the customer would be
concerned for his child protection more than any thing else in the world.
One time investment
If a household gets this product for their first baby then they don’t have to buy it
again & again for their next babies until it is not damaged. Thus, it causes one time
investment but the protection given by it lasts very long.
It shall be a very important tool of our strategy as we shall make contract with the
car leasing institutions on one to one sale bases. According to which they will
provide our product information to every customers and for the interested ones
would sell the baby seat. For every seat they will have 10% share of the sale price
of our product.
Baby seat structure
Several belts that goes around the waist and the abdominal body of your
baby
Foamed pads over the shoulder that makes it comfortable for the baby so
that the baby does not feel any pain or burden while wearing a baby seat
All belts connect at a central point and the central point is located at the
lower abdominal region of the baby. The central connection of baby seat’s belts
helps the baby to stay in one portion and can enjoy the ride.
The belts are connected with the seat of the car so that the baby seat remain
at one position and place during the ride. By connecting the baby seat with the
car’s seat it help the baby seat to remain at still, secure and clam at one place.
The traffic system of Pakistan is very hectic. There is over flow of cars,
motorcycles, buses, vans and other transport vehicles on the road. Nobody in
Pakistan strictly follow the traffic rules and regulation. Every now and then road
accidents occur due to the drivers driving the transport vehicles do not obey the
traffic laws.
Other factor that causes accidents is that people have to be alert because in
Pakistan you to apply brake or accelerator to go from one place to another.
And if a baby is sitting right next to you without any protection and the
following things can harm the health of baby or even cause the death of your
baby:
Hectic braking and acceleration can cause your baby to have a back bone
injury or even your baby can fall down from the seat and get seriously
injured.
Due to non appliance of the traffic rules and regulations. If your baby is
sitting rite next to you and you have to apply emergency brake or your
car clashes into another transport vehicle and if the baby is not wearing
any baby seat. So, you can easily imagine what can happen to your baby.
Bumpy Roads
On the other hand the roads in Pakistan are really bumpy. It causes a lot of
uncomfortable and dangerous jerks for you baby and even your baby can fall
down from the seat of the car or the jerks can cause the baby to collide with the
door or dash board of the car. Making your baby severally injured and it can
also cause back bone injuries to your baby
The table shows the rate at which the population of Pakistan increases over the
specified period of time and these values are assumed and are calculated from
the past experiences of the population growth rate of Pakistan.
In the year 2003 the high growth rate was 2.2 and minimum growth rate was 1.9 as
calculated from the past experienced population growth rate of Pakistan and also
taking into consideration the “Green Star” scheme of Pakistan fro control over the
population growth rate.
Swot analysis:
Strengths
1. Quality product
2. Lower cost and selling price from the few competitors
Weakness
Opportunities
1. New market
2. Rapid growth
3. Attractive business
4. Good profits
Threats
1. Government restrictions
2. Taxes
3. Lowering of prices by the competitors
Accidents
Pakistan has one of the largest road accident rates in the world about 18.69
accidents per 10000 vehicles occur making the road highly dangerous especially
for the babies.
And about 10000 people die on the road every year about 25% of the
Pakistan’s population consists of children and out of which 10% lie in the category
of infants to 6 years.
Start with your baby’s first ride with a baby seat starting from the hospital
when you first time take your baby home after his/her birth.
Your child must always use the baby seat for every single journey no matter
how short it may be cause it ensures that your baby is safe and there is no
happiness greater in the world other than seeing your baby happy
List of Departments
1. Production Department
2. Manufacturing Department
3. Assembling Department
4. Quality Control Department
5. Administrative Department
A. Finance Department
b. Purchasing Department
6. Human Resource Department
7. Marketing Department
8. Promotion Department
PRODUCTION DEPARTMENT:
The departments concerned with the production of baby seats are
1) Manufacturing Department.
2) Assembling Department
3) Quality Control Department.
Manufacturing Department:
Electricity Cost
Heating/Gas Cost
Supplies/Plastic Cost
Wages Cost
Cooling Cost
Molder Cost
Unusual Repairing Expenses
Emergency Expenses
Rent
Utilities Expenses
Assembling Department:
Electricity cost
Wages
Cushioning cost
Belting cost
Buckling cost
Utilities Cost
Salaries
Rent
Our main focus is on providing quality baby seat to the child's parents for this we
check the quality of our product on the standards set by ISO9001 certifications and
we are proud that we are holder of this certification. If there is some defective
piece we will send it to our production department for quality assurance.
ADMINSTRATIVE DEPARTMENT:
1. Finance department
2. Purchasing department
This department is concerned with the purchase of High Quality plastic, belts,
buckles and cushioning from the Local market. These purchases may be on cash or
credit terms as decided between our suppliers and us for the above mentioned
purchases.
Human Resource Department:
MARKETING DEPARTMENT:
Awareness campaign
NGOS
We will create awareness about our product the baby seat by arranging different
seminars in collaboration with different NGO'S. In these seminars we will create
awareness about our product in the following manner:
Marketing Mix
Product
Promotion
Pricing
Placement
Product
Stage 1 = Groups 0 and 0+
The first group is from the age of zero to 6 months old babies. This group mainly
includes the new born babies.
Stage 2 = Group 1
This group is from 6 months to 1 year old babies. At this age the baby gets
habitual of baby seat.
Stage 3 = Group 2
It is from 1 year to 2 years old baby group. At this age baby feels comfortable on
baby seat.
Stage 4 = Group 3
It is 2 years to 3 years old baby group. The child of this age also observes parents
if they are using seat belts or not. As child of this age has got the tendency to
follow parents habits so parents would have to follow the car safety measures for
themselves too.
For the age group of zero to 6 months old babies rearward seats are recommended
in order to make them isolated in the car environment & not to face the traffic.
Rear-facing seats are designed for infants under twelve months as it protects
baby’s head, neck, and spine.
Forward-facing car seats are needed when the baby is already a year old or older.
It is needed to install this seat on the back seat, not on the front seat, because the
air bags at front can injure the child or cause him or her to suffocate in the event of
a collision.
Promotion
Creating Awareness about why to use baby seats
Channels of advertisement:
Words of mouth
Personal relations
Beauty parlors
Seminars (contacting with different NGO’)
Media
Internet (web site)
Words of mouth:
Our main focus would be on mothers as she is the one most concerned for his
child health and protection. For this purpose we would distribute our broachers in
the parlors as most women visit them on semi monthly bases & they would have
our repetitive promotion plan there. Over their women can also discuss about the
most relaxed manner. These parlors include:
Madiha's in Gulberg
Allan ore on M.M. Alam Road
Depilex in Defence
Seminars:
EDHI
FATIMID FOUNDATION
Media:
We would also make our product advertisement over media by getting on air our
ads. But this would be done on a later stage when the market is well aware of the
product.
TV Adds
Flex Signs
Billboards
Internet:
We would also hire a certain portion over the web so that we can advertise over
the internet with the help of interactive website for the users and to explain them
the importance of having a baby seat for there child and creating awareness among
them that how important is the baby seat for there child.
Our website
Www.babyseat.com
Saving babies to face the traffic system of Pakistan and to save them from heavy
or light road accidents
Means that your baby can also enjoy the ride with you and they are comfortable
in the baby seats. They can cheer by seeing different things on the roads
because they don’t bounce here and there after wearing a baby seat. So,
concentrating on the thing they like the most safe and enjoyable ride.
The Seat belts& buckles must be tightly connected on the car seat so that it
may not slide over the seat during bumps
First of all put the child on the baby seat. Place him in a way that he would feel
comfortable and then strap him up according to the instructions given in the
manual.
Seat Clamp must be quiet tight:
Seat Clamp must be tight other wise baby seat can slide over the car seat during
bumps, turns and over speeding.
If baby clothes are of silk or any other by product of silk then baby straps can get
looser.
The Clamp should not rest on the child’s tummy as this would insert pressure on
him & his breathing can be affected badly.
Placement
Niche marketing:
It means we are targeting a very specific portion of the society and that includes:
Social economic class A
Social economic class B
As you know placement plays an important role in the products success or failure.
We would ensure that we place our product at such a place where it would be
noticed. We will place our product on the basis of social economic class A & B.
Social economic class A means the upper class. Here we would basically hit the
wives of business man, bureaucrat, politicians etc.
Social economic class B includes the middle class. Here we would basically hit
the wives of the employed staff etc.
Alfateh
HKB
Competitive advantage
The market of baby seats is not saturated and has a lot of scope of business.
We are the initiators in the market who are actually creating awareness in the
market order to launch this product in the local market as there is no
competitor of this product in the market right now.
Product life cycle
Sales and Profits over the Product’s Life from Introduction to
Decline
Sales and
Profits ($)
Sales
Profits
Time
Product Introduction Growth Maturity Decline
Develop-
ment
Losses/
Investments ($)
Our Product lies in the introductory stage as the market of the baby seats is at the
beginning and people have a little awareness but they don’t know the full
advantages that they can have by getting a baby seat which is saving the Baby.
Pricing
Our benefit to our customers would be the service providing in order to install the
baby seat in the car and to dictate the parents how to place baby in it whenever it is
needed.
FINANCIAL PLAN
Capital 10 millions
Raised Through
Equity 60%
Debt 40%
INITIAL COSTS(INCLUDS)
Fixed cost
Variable cost
COSTS
VARIABLE COST
Local belts 60
Cushion 150
Velvet cloths 55
Buckles 300
OTHERS 100
Conclusion
The basic agenda is to create awareness for the safe car drives.
The basic purpose of are marketing plan is to develop the need of the
product among people in order to make the car ride easier & safer for their kids.
To make the people understand that Baby Seat is more safe than lap of
mother during the car drive.