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ALIENATION
SILLY PUTTY
Our group needed to come up with a product from the Silly Putty company
Silly Putty was a big deal because its been a hit toy since 1943!
Silly Putty ad from
1964!
Silly Putty Ad
from the
1970s/1980s!
Silly Putty ad from the
1940s/1950s!
ALIEN WAX
The first toy (our group project) from the AlieNation Company is Alien Wax!
SLOGAN
ALIEN WAX
Alien Wax will be sold with a neodymium magnet included. The magnets themselves
are not extremely expensive and should not raise the price of the product very
much.
Gloves.
The Gravity
From Amazon.com
PACKAGING
PRICING
We are going to follow a Mark Up Pricing Strategy. Meaning that we are going to
account for the cost per unit and our desired markup on sales.
30 Neodymium
Magnets = $6.19.
1 Neodymium Magnet
= $.21.
1 pound of Black
Iron Oxide =
$12.99.
32 Tablespoons
per Pound = $.41
for 1 tablespoon
2 Tablespoons for
1 unit = $.82 per
unitAlien Wax
Ingredients (Per
Unit):
3 units of standard
silly putty
2 tablespoons of
Black Iron Oxide
1 neodymium
PRICING
Markup Price = Unit Cost/(1-Desired Return on Sales)
Markup Price = 5.09 per unit/(1-.2) = $6.37
We plan on selling wholesale to retail outlets at $6.37 each. We are going to recommend
that they sell Alien Wax for under $7.50.
PRICING
We are also going to be selling the Gravity Gloves along side Alien Wax but sold
separately.
Gravity Glove
Ingredients
2 cloth gloves with
our logo stitched
on them = $2.50
10 Neodymium
Magnets = $2.10
30 minutes in
labor= $3.63 (half
of minimum wage
which is $7.25)
*We had to estimate
on the price of our
gloves.
BUDGET ALLOCATION
Guerilla Marketing
$890,000
TV Ad
$300,100
Website
$790
Sales Promotions
$4,500
Radio Ad
$600
Print Ad
$8,000
Social Media
$50
Market Research
$90,000
Product Design
$40,000
Distribution
$120,000
Total
$1,454,040
VEHICLES TARGETED
Television
Nickelodeon
Cartoon Network
Disney Channel
MTV
Fox Network
NBC
ABC
CBS
For the
Kids!
Radio
We are going to use ONLY the three biggest radio
stations in the 7 biggest cities in every state In the
U.S.
For the
young
adults!
Print Media
Highlights
Time Magazine
USAtoday
The major local newspapers in the
cities in which we do guerilla
marketing.
*We dont really think print media is very
important in our campaign. We want to really
focus on local newspapers and USAtoday.
POSITION
We want to position ourselves so that the market sees us as a low cost niche product.
We also want to avoid a high involvement scenario with our consumers.
Cost
Involvment
LEVEL OF INVOLVEMENT
Alien Wax is going to have a very low level of involvement. Its almost
an impulsive buy. We want to encourage retailers to use it as a pointof-purchase item as well.
OUR PRINT AD
OUR TV AD:
https://www.youtube.com/watch?v=B55yu_piq9g
Our video was created with the purpose of creating buzz around the new product,
and getting our target market hyped about it.
After seeing it, you feel as if you want to know more or even get to the store and
buy it on impulse.
Our Commercial, continues with the focus of being out of this world, and introduces
our product Alien Wax by literally falling down from the stars
It also ties in our Slogan; Be One. Be Many. Showing you can be the unique
individual you are, while also being a part of this new culture of unique individuals
proud to be a part of the ALIENATION Family!
We are going to have advertisements like this strategic placed all over the
cities that we are targeting!
We are going to focus on places were people tend to linger, like bus stops
or places where traffic runs very slowly.
WEBSITE:
http://baileymp43.wix.com/alienation
#BreakTheMold
#BeOneBeMany
We will also post content on our own Facebook, Twitter, and Instagram accounts
asking people:
THANKS EVERYBODY!