6Ps of Cocoon
6Ps of Cocoon
6Ps of Cocoon
1. Cocoon’s Product:
A. Understand and meet customer needs:
To determine what to sell, Cocoon understands the needs of potential
customers for products/services, and then customizes the products that
Cocoon will sell to meet these needs. Therefore, it can be said that Cocoon
understands the needs of customers and satisfies them well. The more it
meets customer expectations, the more opportunities Cocoon has for them
to return in the future and recommend their friends to buy.
→ Understanding and meeting customer needs is the premise of Cocoon's
product development. And Cocoon did it.
Cosmetics, like food, are "nutritious foods" that bring beauty to people.
With the progress of society, people tend to seek plant foods to protect
their health. With this mentality, vegan cosmetics have also become the
favorite of many people who pursue a green lifestyle. This is the reason
why Cocoon has researched and continuously launched 100% vegan
cosmetics. These cosmetics retain all the nutrients of Vietnamese plants,
are safe and benign, do not use animal ingredients, and refuse animal
testing.
B. Cocoon’s product design:
Cocoon products are mass-produced and can be purchased by
everyone. Knowing which category your product fits is very important
for determining the price, where the product is sold, and how to promote
it. As for Cocoon, their products belong to the shopping category: what
customers consider when buying and comparing products of different
brands (furniture, clothing, electronic equipment, cosmetics,….).
Although it is a Vietnamese brand, the design and packaging are carefully
invested by Cocoon. The design is simple but beautiful and elegant. Mostly
warm colors, decorative graphics showing the product name. Product
information such as ingredients, uses, and usage are clearly printed on the
product. Logo, brand name, guarantee stamp, batch number, production
date, bar code... are all printed on the package and box.
→ Cocoon affirms the clarity and transparency in the modulation stage.
More specifically, helping customers distinguish the real from the
fake.Increase value for Vietnamese goods in general and Cocoon brand in
particular. C. Product safety that Cocoon brand brings:
The prestige and quality that Cocoon commits to is firstly shown through
the pure Vietnamese raw materials that Cocoon has painstakingly
searched for and distilled in lands such as Thanh Hoa, Hoa Binh, Dak Lak,
Tien Giang.... Therefore, users can easily feel and imagine the familiar
appearance of Vietnamese features in each product. Perhaps this is
something that not many Vietnamese cosmetic brands can do like Cocoon.
→ Different from the competition. Make a special mark for the Cocoon
brand.
Cocoon is a humane cosmetic brand, absolutely committed to not testing on
animals (Cruelty Free). This is an important plus point to help Cocoon
increasingly assert its position in the hearts of consumers. This process is
researched and tested for stability and safety 6-12 months before it is
released on the market called the testing process. Cocoon is certified by the
Pasteur Institute of Ho Chi Minh City. For organic products to meet food
safety and hygiene standards, to meet physical and chemical standards.
Does not contain harmful substances, does not cause skin irritation.
→ Help users feel secure when using the product. Create trust for
customers and honesty for brands
2. Price of Cocoon’s products:
A. How are costs affected?:
The cost Cocoon brand sells will affect the number of products sold:
- If Cocoon's price is low, customers think the product is of poor quality or
Cocoon will have less profit.
- If Cocoon's price is high, customers can buy less or buy in smaller
quantity - To determine product costs, Cocoon looked at:
- Product cost: is the payment for variable factor inputs such as raw
materials, labor, personnel, marketing... Variable costs depend on the
output produced.
➔ Thus, the cost in accordance with the product has been carefully
calculated by Cocoon. Each product needs to have an appropriate price.
B. How much will the customer pay?: (Cre: Cocoon website)
- The company's products are sold in the market, and there are many
different prices depending on the product. The lowest price of a single
product is 35k/product (lip balm). The company's highest price is 710K for
a set of 5 products.This price, in my opinion, is very cheap and suitable for
all types of customers.
→ Anyone can use Cocoon's products, even students. In fact, Cocoon's
products are not only affordable, but the quality is also very good, so it
attracts all audiences.
- Customer feedback is the best evidence
C. Compare prices with competitors:
- Product prices of other competitors: Innisfree, Lancome, The Body Shop,
Kiehl's, Vichy,,…. Compared to them, Cocoon prices are suitable for all
classes of customers.
- Although it has not been established for a long time, Cocoon seems to
have left its "elders" in the Vietnamese cosmetics market. What Cocoon can
do is not only to bring high-quality products, exquisite designs, and
convenient use, the brand also brings profound value to users.So the
product that Cocoon sells is a product that is already on the market from
previous brands.
→ Cocoon creates an improved version of an existing product, showing
people that it is better in terms of features or has cheaper than what
competitors are offering.
- In order to create convenience for customers, Cocoon also provides a
variety of different payment methods: Cash payment, bank transfer,
electronic wallet payment, mobile payment.
3.PLACE:
A. Where can we buy Cocoon products ? (Cre: Cocoon website)
Cocoon's office is located in District 3 of Ho Chi Minh City, but there are
places where Cocoon genuine products are sold in many places in Vietnam.
Choosing a good business location is very important to sales efficiency,
making sales easier and faster.
Like other brands, Cocoon offers a variety of ways to sell products: social
networks, stores, official distributors, the Internet...
It is the decisive factor for the success or failure of an enterprise.
Currently, Cocoon has 6 stores in Hanoi and 6 stores in Ho Chi Minh City.
However, customers from other provinces can easily purchase Cocoon
products through the official website. In addition, most of Cocoon's product
distribution outlets also have their own websites, which can help
customers have a variety of flexible purchasing methods.
➔ The distribution of Cocoon branches makes it easier for customers to
shop. This creates goodwill for customers and shows that Cocoon always
chooses the best for customers.
Here are some pictures of stores that are officially distributing genuine
Cocoon products, these locations bring together many factors that are
beneficial to sales:
- Suitable parking space
- Densely populated area
- Harmonious outdoor layout
- Potential customers
➔ These locations are convenient for customers to visit and buy. Store
space is one of the factors that make customers trust you
B. Supply chain management:
- Listen to market signals and plan accordingly
+ Update information in a timely manner, take measures to minimize risks,
reduce inventory, limit inventory shortages and respond to customer needs
in a timely manner.
+ Information sharing between manufacturers and distributors is very
important for making regulatory decisions.
+ Cocoon studies customer needs, develops services for each market
segment, and improves the order processing process from receiving a
request to picking up the goods. Cocoon's product distribution stores are
also doing well in this regard.
- Make products closer to customers
+ The manufacturers of Cocoon have been improving and innovating their
products. However, improvement must focus on customer needs.
+ In addition, pay attention to the production time to avoid customer needs
and changes in raw materials and production processes. Find and
manage consumables efficiently.
+ Finding good suppliers helps Cocoon reduce the cost of raw materials,
finished products and services, thereby increasing its competitive
advantage.
- Find and manage consumables efficiently
+ Finding good suppliers helps Cocoon reduce the cost of raw materials,
finished products and services, thereby increasing its competitive
advantage.
- Customer reviews
+ There are many criteria and factors for customer evaluation, so it is
necessary to establish an effective evaluation system to improve the
efficiency of supply chain management activities.
4. PEOPLE
- The people working at Cocoon, thanks to their thorough
understanding of the problems that Asians are facing as well as the
tropical monsoon climate conditions in Thailand, they constantly
invest in research and improvement. product.
- Ability to catch up with trends: With quick thinking and constantly
updating vegan cosmetic trends in the world, Cocoon is one of the
domestic brands that has made a lot of impressions in the
Vietnamese skincare world. a new phenomenon in the domestic
cosmetics industry.
5.PROCESS
- Since Cocoon does not have official retail stores itself, its products
mostly are sold through over 300 points in national cosmetics
distribution systems on both online and offline platforms. Resellers
have a great contribution in helping Cocoon to reach more target
customers. Cocoon has appeared in various retailers such as
Guardian retail chain, Watsons, Skinfood World, Garden Lixibox and
Hasaki.
- In addition, Cocoon also has its official store on some well-liked
online shopping platforms like Shopee, Lazada, Tiki and Sendo.
According to the report “ Vietnamese cosmetics trend 2020”, 73%
have used E-commerce to buy cosmetic products due to reasonable
pricing, rich reviews and truthful feedback.
6. Physical evidence
- Because it is an online campaign, the information is mainly focused
on the website, Facebook of Cocoon and female rapper Suboi, so
Cocoon is very focused on the images and content posted. Cocoon
wants to target women, wants to awaken the "queen" inside them, so
every brand image brings with it a distinctive red color that is both
strong and seductive. The bold brand colors used in the campaign are
red and yellow, which has the effect of drawing customers' attention
to the product and from there they will learn more.
- The images of female rapper Suboi posted on her personal page also
received a lot of support and attention from the online community.
- The outer shell of the campaign's coffee product line with outstanding
colors, stimulates customers' visual purchasing. The product aims to
reduce plastic, so the product's shell is quite thin but still protects the
quality inside. And when the customer receives the product in hand, the
product will be packed inside a cardboard box with scraps of shatterproof
paper, which increases customer satisfaction with the brand.
- Vì là chiến dịch online nên thông tin chủ yếu tập trung trên website, Facebook của
Cocoon và nữ rapper Suboi nên Cocoon rất chú trọng về hình ảnh và nội dung đăng
tải. Cocoon muốn hướng đến phái đẹp, muốn đánh thức “nữ hoàng” bên trong họ
nên mỗi hình ảnh thương hiệu đều mang một sắc đỏ đặc trưng vừa mạnh mẽ vừa
quyến rũ. Màu đậm thương hiệu được sử dụng trong chiến dịch là đỏ và vàng có tác
dụng thu hút sự chú ý của khách hàng vào sản phẩm và từ đó họ sẽ tìm hiểu nhiều
hơn.
- Những hình ảnh nữ rapper Suboi đăng tải trên trang cá nhân cũng nhận được rất
nhiều sự ủng hộ và quan tâm của cộng đồng mạng.
- Vỏ ngoài của dòng sản phẩm cà phê của chiến dịch có màu sắc nổi bật, kích thích
thị giác mua hàng của khách hàng. Sản phẩm hướng tới giảm thiểu nhựa nên lớp vỏ
của sản phẩm khá mỏng nhưng vẫn bảo vệ được chất lượng bên trong. Và khi
khách hàng nhận sản phẩm trên tay, sản phẩm sẽ được đóng gói bên trong hộp bìa
cứng có lót giấy vụn chống vỡ, điều này làm tăng sự hài lòng của khách hàng đối
với thương hiệu.