Trax Presentation FINAL

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Hi-Five Your Work Out Liz Costa, Lily Chaleff, Juliet Tripaldi, Bess Couture & Olivia James

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Transcript of Trax Presentation FINAL

Page 1: Trax Presentation FINAL

Hi-Five Your Work OutLiz Costa, Lily Chaleff, Juliet Tripaldi, Bess Couture & Olivia

James

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Presented by Liz

What is TRAX? Introduction of The TRAX Company Simplest way to keep track of work

outs!

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Situation Analysis

The Fitness Marketo 45.5 Million Health Club Memberso $19.1 Billion Industry

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Situation Analysis

Big Competitorso Nike, Adidas, Puma & Under Armor

• Nike & Adidas have large revenue.

o Closely examine the Nike+ product• 8.1% profit rise with their release.

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Product Analysis

Physical Product Descriptiono Orange bando Grey buttons

• Scroll featureo Environmentally-friendly rubber

• Salt and water resistant

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Product Analysis

Comparable Testingo Nike+o Online Work-Out Logso Digital Social Fitness Communitieso Heart Rate Monitors

Presented by Liz

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Consumer Analysis

Name Selection Rationaleo Play off of what it does – it TRAX!

Price Reasoningo $55/bracelet

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Target Market Analysis

Our Target Audienceo Womeno Age 16 – 59o Health Conscious, Organized & Efficient

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Problems & Recommendations

Sample Problem/Recommendationo Problem: TRAX is a new product that has

no commercial competitor. Its originality will make it difficult to introduce to the consumer market.

o Recommendation: Pump up many PR avenues such as social media and celebrity spokespeople.

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Opportunities & Recommendations

Sample Opportunity/Recommendationo Opportunity: Weight loss and healthy

lifestyles are both very popular topics right now.

o Recommendation: Advertising should focus on how TRAX aids in creating a better, healthier lifestyle. Incorporate that language in our ad campaigns.

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Marketing Objectives

First Yearo To partner with 75 New England gyms.

Short Termo To increase sales by 5% every month for the

first six months.

Long Termo To become the leading national fitness tool/

regimen in the next five years.

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Marketing Strategies

First Yearo Create/implement “Ambassadorship” for The

TRAX San Diego Fitness Retreat.

Short Termo Give twenty free samples to prominent

bloggers/radio personalities.

Long Termo Create partnerships with Weight Watchers and

sponsor a season of The Biggest Loser.

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Advertising Recommendations

Important Considerationso Value

• I want to be healthy and active.o Product Personality

• Smart, healthy and in-control.o Brand Essence

• Use TRAX to track your workout; track your success.

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Advertising Recommendations

Communication Objectiveo To build awareness among our target

audience…

Communication Strategyo To convince the target audience that TRAX is

unique and beneficial.

Unique Selling Pointo Gives users a comprehensive look at their

activity levels and offers improvements.

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Media Recommendations

Highlights

o Cable TV Ads• During primetime.

o Print Ads• Place ads in

women’s interest magazines.

o Radio• Stations that reach

our audience.

o Direct Marketing• Informational flyers.

o Internet• Official TRAX Website• Sell through other

fitness website• Side-bar ads on sites

visited by target audience

• Optimize visibility on Google (key words)

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Marketing MaterialsA Collection of the TRAX Advertising Materials

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Cable TV Ad

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Print Ad

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Print Ad

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Print Ad

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Print Ad

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Print Ad Created ambassadorship program in

conjunction with San Diego retreat.

Ambassador

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Print Ad Informational flyers for gyms, Weight

Watchers and display locations.

Informational

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Radio Ad

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Web Ad

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Thank You!Liz Costa, Lily Chaleff, Juliet Tripaldi, Bess Couture & Olivia

James