PRELIMINARY PROPOSAL FOR PROMOTING THE PRODUCT IN SRI LANKA
INTRODUCTION
This preliminary proposal focuses on promoting the “Soil Hardening Chemical” in Sri Lanka market and making the technical awareness among different target market. This describes the preliminary process of introducing and promoting the product in to the local market in Sri Lanka. Prime objective of this preliminary proposal is to make aware the investor (Presenter) about initial process of entering in to local market.
SCOPE OF PROCESS
Scope of the preliminary process of introducing and promoting the specific product related to soil hardening chemical is based on the main attributes of the product and the potential market mentioned below,
• Virgin product which never used locally
• Technical awareness about the product vitally matters
• Cost effectiveness of product
• Substituting effect of product
• Efficiency enhancing and time serving impact
• Differentiation impact in terms of marketing mix
• Target market
• Potential opportunities
• Macro & micro economic factors
As far as the above attributes of product and market are concerned the scope of preliminary process shall mainly focus on the introduction of product in terms of aggressive technical awareness programs. Therefore the core of the scope comprises,
• Identify the potential target market and main effective audience to be made aware
• Designing and planning of technical awareness programs for effective audience
• Organizing and conducting of technical awareness programs in diverse versions to diverse market segments.
• Making the demonstrations about features, usage, benefits and user-friendliness of the product in comparative manner.
• Making aware the target audience about commercial aspects, product availability, technical support, environmental impacts and business sustainability.
Obviously the main target market is in infrastructure development and construction sector. Diverse professionals and diverse categories of people who operate supporting services represent the infrastructure development and construction sector. Identification of this diversity and most effective professionals and people who should be made aware about the product is vitally important in order to get the highest impact on product promotion.
• Key Scholars who represent Civil Engineering divisions of Engineering Faculties of main Universities
• Owners, high ranks Architects and design Engineers of main Design Firms
• Top level and prominent Structural Engineers are representing Structural Engineers Association.
• Members of Institute of Engineers Sri Lanka
• Members on Institute of Incorporated Engineers Sri Lanka
• Key Positions of Top level construction firms
• Owners of top level building material traders
Comprehensive awareness programs shall have to be designed, planned, organized and conducted for above mentioned categories of professionals and representatives of infrastructure development and construction sector as the prime part of preliminary process of product introductory and promotional campaign. All above mentioned representatives cannot be made aware at one place at one program as the representation of all these categories is significantly bigger. Planning, organizing and conducting series of awareness programs is essential for better and effective outcome.
Overall scope of this preliminary process of product promotion through awareness programs shall have to be divided in to two under the responsibility of two parties.
• Presenter (Investor):
Design & conduct of awareness program.
Funding and providing resources personals for all programs.
Sponsoring field visits and extended technical training for selected key professionals and representatives of Local Agent (Presentee).
• Presentee (Local Agent):
Identification of most effective audience out of above mentioned categories of professionals and representatives for awareness programs.
Planning and organizing awareness programs (audience, dates, venues and programs etc.,)
Providing budgets of all programs to Presenter.
CONCLUTION
The preliminary process which proposes in this brief document is only for introducing the specific product (soil hardening chemical) in to local market. Thorough and systematically planned technical awareness programs are suggested by this document to conduct for identified most effective representatives in order to introduce this virgin product in to local market. Presentee (Local Agent) takes the total responsibility of organizing all awareness programs with the technical and financial support of presenter (investor).
Way forward of overall business process and investment with regards to this product shall be evolved after the awareness programs as mentioned below,
• Planning and conducting of extended technical training for selected professionals and representatives of local agent (Presentee)
• Sponsoring and carrying out a pilot project with particular product to demonstrate the success of product.
• Preparation of comprehensive business and marketing plan as a joined venture of Presenter and Presentee.
• Implementing the prepared business and marketing plan by Presetee (Local Agent) with the partnership of presenter (investor).
• Continuation and growing of business through methodical market expansion.