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BUSINESS PLAN |
A complete marketing campaign for laxatives, using the
registered phrases "Laxatate", "Laxitate", "Laxatate Yourself" and "Laxitate
Yourself" should use the domains of those names. These are available
for purchase at
888.447.2654 |
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The purpose of this document is to set forth a
business plan for the benefit of a Pharmaceutical Corporation and within is a
slogan that is registered (laxatate.com) and ready to be used. The term, "Laxatate,"
and the slogan that is to be paraphrased exactly as "Laxatate Yourself!" and
derivatives of "Laxatate Yourself!," which could include pronouns, adjectives or
any form of colloquial expression, are to be introduced in any and all forms of
personal presentation or representation, and will be the focal point of our
proposed business plan.
Below is an outline of the business plan,
which will cover standard elements:
1. Executive Summary
- Objective: To market the "Laxatate Yourself!" slogan to major pharmaceutical
companies, positioning it as a memorable, catchy phrase for TV, radio, and
internet advertising.
- Slogan: "Laxatate Yourself!"
- Domain: Laxatate.com
- Target Companies:
GlaxoSmithKline, Bayer, and other major pharmaceutical companies.
2. Market Research
·
Laxative Market Overview:
- The global laxative
market was valued at approximately $8 billion in 2022, with North America
being the largest market.
- The U.S. market alone
represents a significant portion, with millions of users annually. As of the
most recent data (2023), about 20 million Americans use laxatives regularly.
·
Market Share:
- Leading players include
Bayer (MiraLAX), GlaxoSmithKline (Senokot), and other companies like Procter
& Gamble (Metamucil).
- Market share is divided
primarily among these companies, with Bayer and GlaxoSmithKline leading the
market.
·
Laxative Types:
- Bulk-forming:
e.g., Metamucil
- Stimulant:
e.g., Dulcolax
- Osmotic: e.g., MiraLAX
- Lubricant:
e.g., Mineral oil
- Stool
softeners: e.g., Colace
- Potential New
Type: A hybrid laxative
combining natural ingredients with fast-acting osmotic agents, providing a
balance between safety and efficacy.
3. Marketing Ideas and Sales
Strategies
·
Brand Positioning:
- Position "Laxatate
Yourself!" as a revolutionary and humorous approach to addressing
constipation, with a memorable jingle and slogan.
·
Target Audience:
- Primarily adults aged
45-65, who are most likely to use laxatives.
- Secondary market
includes individuals aged 30-45 who are health-conscious and interested in
digestive wellness.
·
Sales Strategies:
- Direct Pitch to
Pharmaceutical Companies: Use
your Nuclear Pharmacist partner's expertise and industry connections to make
a compelling case.
- Licensing
Agreement: Offer licensing
rights to use the "Laxatate Yourself!" slogan in their marketing campaigns.
- Collaborations:
Partner with health influencers and dieticians to promote the product
through social media channels.
4. Operational Tasks and Processes
- Initial Steps:
- Finalize the jingle and
video content for the "Laxatate Yourself!" campaign.
- Develop a comprehensive
pitch deck to present to pharmaceutical companies.
- Marketing
Implementation:
- TV Advertising:
- Target networks like
ABC, NBC, CBS during prime time. Estimate: $200,000 to $500,000 per month.
- Radio
Advertising:
- Focus on health and
wellness channels.
- Internet
Marketing:
- Use platforms like
YouTube, Facebook, and Google Ads for video and banner ads.
- Geofencing:
Focus on high-density areas with a large elderly population (e.g.,
Florida, Arizona).
- Pay-Per-Click
(PPC):
- Estimated Cost for
"laxatives": $2.00 to $5.00 per click. Monthly budget estimate: $20,000
to $50,000.
5. Financial Projections and Funding
Requirements
·
Initial Budget:
- TV Advertising:
$2 million for a six-month campaign.
- Internet
Marketing: $500,000 for PPC
and Geofencing.
- Production
Costs: $250,000 for jingle,
video content, and website development.
- Total Initial
Investment: Approximately $3
million.
·
Revenue Projections:
- Licensing the slogan to
multiple pharmaceutical companies could generate $5 million to $10 million
in the first year.
6. Keyword Research and SEO Strategy
- Top Keywords:
- "Best laxatives for
constipation"
- "Natural laxatives"
- "Over-the-counter
laxatives"
- "Fast-acting laxatives"
- Keyword
Advertising:
- Target these keywords
using Google Ads, focusing on high-intent searches that indicate a need for
immediate relief.
- Keyword Cost
Estimates:
- Keywords related to
"laxatives" range from $2.00 to $8.00 per click.
7. Legal and Compliance
Considerations
- Trademark
Protection:
- Ensure that the "Laxatate"
trademark is fully protected and monitor any potential infringements.
- Advertising
Compliance:
- Adhere to FDA
guidelines on advertising for over-the-counter medications.
8. Implementation Timeline
- Month 1-2: Finalize marketing materials, including jingle and video content.
- Month 3: Begin pitch meetings with pharmaceutical companies.
- Month 4: Launch the internet marketing campaign.
- Month 5-6: Roll out the TV advertising campaign.
9. Conclusion and Next Steps
·
This business plan offers
a comprehensive approach to marketing "Laxatate Yourself!" to major
pharmaceutical companies. The unique slogan and catchy jingle have the potential
to make a significant impact on the laxative market.
·
Next Steps:
- Refine the pitch deck
and marketing materials.
- Schedule meetings with
key decision-makers at target pharmaceutical companies.
- Begin the internet
marketing campaign to create buzz around the slogan.