MKT Report
MKT Report
MKT Report
Spring 2024
Done & Dusted
Brand name: AquaGo
Product: Portable water filter
Submitted To
Farhana Habib Zinnia
Department of Marketing and International Business
MKT202
Submitted by:
Taiaba Kaniz Hridika – 2221339642 (3)
Shimanta Debnath Badhun - 2413503030 (34)
Pushpita Ghosh - 2212033630 (2)
Mahfujur Rahman 2323323630 (20)
Christina Rakhee – 2411940030 (23)
Submission date: 27th May, 2024
1
TABLE OF CONTENT
Executive Summary ---------------------------------------------------------------------- 2
Introduction -------------------------------------------------------------------------------- 3
SWOT Analysis --------------------------------------------------------------------------- 4-5
STP Strategies ----------------------------------------------------------------------------- 5-6
Marketing mix strategies
Product ------------------------------------------------------------------------------------- 6-8
Price ---------------------------------------------------------------------------------------- 8-11
Place ---------------------------------------------------------------------------------------- 11-13
Promotion ---------------------------------------------------------------------------------- 13-15
Strategic application ---------------------------------------------------------------------- 15-16
Conclusion --------------------------------------------------------------------------------- 17
2
Executive Summary
AquaGo is a pioneering company dedicated to providing clean and safe drinking water through
our innovative portable water purifier. Our mission is to ensure that everyone, regardless of their
location, has access to pure water. AquaGo is perfect for travelers, hikers, campers, and everyday
use, offering a dependable solution for those in need of safe drinking water. Our product,
AquaGo, uses advanced filtration technology to remove contaminants, bacteria, and viruses from
various water sources. Its compact and lightweight design makes it easy to carry, ensuring
convenience and health benefits for our users. We are committed to sustainability by using
recycled materials in our products and significantly reducing the need for single-use plastic water
bottles. This approach helps decrease overall plastic waste and supports environmental
conservation efforts. AquaGo aims to positively impact communities by providing a reliable and
effective water purification solution. We focus on promoting health and well-being through clean
water while fostering sustainability and environmental responsibility. Our market strategy in
Bangladesh includes building strong brand awareness, developing efficient distribution
networks, and engaging in effective marketing campaigns. We aim to leverage the growing
demand for clean water, government initiatives, and rising urbanization to establish AquaGo as a
trusted brand in the market. AquaGo is dedicated to improving lives by ensuring access to safe
drinking water, promoting sustainability, and making a positive difference in communities
worldwide.
3
Introduction
AquaGo is an innovative, portable water purifier that gives you clean and safe drinking water
wherever you are. It is a small, light device that uses advanced filters to remove harmful
substances, bacteria, and viruses from different water sources. AquaGo is perfect for travelers,
campers, hikers, and anyone needing a dependable way to get clean water, making it useful for
daily and emergencies.
Mission Statement: At AquaGo, we aim to ensure everyone has access to safe and clean
drinking water, no matter where they are.
We are dedicated to improving health and well-being by offering innovative water purification
solutions that are easy to use, portable, and kind to the environment. We aim to help people live
healthier lives by providing reliable and effective products that protect against waterborne
diseases and harmful substances. AquaGo aims to positively impact communities worldwide by
promoting sustainability and making sure pure water is available to everyone.
4
Strength:
Innovative Product: AquaGo offers advanced water purification technology that stands out in the
market, providing a reliable solution for safe drinking water.
Portability: The compact and lightweight design makes it easy for users to carry AquaGo,
making it ideal for travelers, hikers, and everyday use.
Health Benefits: AquaGo effectively removes contaminants, bacteria, and viruses, ensuring the
health and safety of its users
. User-Friendly: The device is easy to use, requiring minimal setup and maintenance, which
appeals to many customers.
5
Weaknesses
High Initial Cost: The upfront cost of AquaGo might be high for some consumers in Bangladesh,
where price sensitivity is significant.
Limited Brand Recognition: As a new entrant in the market, AquaGo may face challenges in
establishing brand awareness and trust among consumers.
Distribution Channels: Developing an efficient distribution network in rural and remote areas
can be challenging, limiting market reach.
Maintenance and Replacement Parts: The availability of replacement filters and maintenance
services might be limited initially, affecting customer satisfaction.
Opportunities
Growing Demand for Clean Water: With increasing awareness of waterborne diseases, there is a
growing demand for reliable water purification solutions in Bangladesh.
Government Initiatives: The Bangladesh government’s focus on improving public health and
access to clean water can provide opportunities for partnerships and support.
Urbanization and Travel: Rising urbanization and increased domestic travel create a larger
customer base for portable water purifiers like AquaGo.
Marketing and Awareness Campaigns: Effective marketing strategies and awareness campaigns
can help build brand recognition and educate consumers about the benefits of AquaGo.
Threats
Competition: The presence of established brands and local competitors offering similar water
purification products can pose a significant challenge.
6
Cultural and Behavioral Barriers: Some consumers may resist adopting new technologies and
may prefer traditional water purification methods.
STP Strategies
Our product is a Portable Water Purification Device. For this, we think Phychographic is the
most promising. This segment targets individuals based on their lifestyle, values, and interests.
For example, we could target customers who wish to have a product that could help them reduce
plastic waste. This segment aligns well with the product's value proposition and could attract a
passionate and loyal customer base.
The market target strategy that we will use out of the 4 targeting strategies is the differentiated
one.
i. Since customers can demand a product based on personal wishes and
requirements, it is possible to produce products that are highly tailored to their
preferences and the customization level they desire. This is because there are
different subgroups with different needs and wants.
ii. Consequently, by using a differentiated strategy, the marketing mix can be
personalized to cater to the unique requirements of every subgroup. A
differentiated strategy further helps the product gain an upper hand over other
similar products in the market by marketing it for its unique features and
benefits that suit different groups of environmentally aware tourists.
iii. By targeting multiple segments in the target market, this product can reach a
broader base of environmentally conscious travelers and increase its market
potential and income avenues.
7
The type of value proposition to use within the positioning strategy for your portable water
purifier is "More for the Same." By embracing the "More for the Same" value proposition, we
ensure customers receive exceptional value without paying more. Adventurous types who don't
like to spend much but are determined to secure their own well-being and that of their friends
through drinking water can count on our portable water purifier. With us, they will receive the
equipment at an attractive price so that no journey ends badly for lack of hydration. Above all,
our positioning strategy underpins the simple fact that our purifier brings safety as a solution and
makes it portable because this is exactly what is needed by travelers in difficult terrain who may
not always have access to potable water. Moreover, while price is a major consideration, we also
offer convenience and comfort – our purifiers come with easily replaceable filters making
maintenance stress-free and hassle-free. As a result of this strategy, by providing the bottle for
easy storage and transportation, we offer a total solution that includes even more than pure water
when it comes to healthy outdoor activities. Moreover, the purifier has been introduced into the
market in an aggressive way that adds more value at the same price point and makes it an
affordable luxury for adventure enthusiasts who would never compromise on quality or
affordability.
Product:
Our portable water purification device is a cutting-edge solution designed to address the critical
need for access to clean drinking water, particularly in regions with unreliable water sources like
Bangladesh. With two distinct ranges catering to varying consumer preferences and budgets, our
product lineup ensures that clean water is accessible to everyone, regardless of their economic
standing.
Affordable and Effective: Priced between 500-1000 Tk, our basic portable water
purification device offers an affordable yet effective solution for individuals and
8
households with limited budgets. Despite its economic price point, this device does not
compromise on quality or performance.
Essential Purification Features: The basic device utilizes essential purification
technologies to remove common contaminants and pathogens from water, ensuring that it
meets safety standards for consumption. It is equipped with basic filtration mechanisms
to deliver clean and safe drinking water to users.
Compact and User-Friendly: Designed with convenience in mind, our basic device is
compact, lightweight, and user-friendly, making it ideal for use in diverse settings,
including households, schools, and outdoor activities. Its simplicity of operation allows
for easy setup and maintenance, enhancing usability for all age groups.
ii. Advanced Portable Water Purification Device (Price Range: 2000-3000 Tk):
Premium Quality and Advanced Technology: Positioned at a higher price range of 2000-
3000 Tk, our advanced portable water purification device represents the pinnacle of
innovation and technology in the industry. It integrates advanced purification
technologies and features to deliver unparalleled performance and water quality.
Multi-Stage Filtration System: The advanced device incorporates a multi-stage filtration
system, which includes advanced filtration media, UV sterilization, or other proprietary
purification technologies. This ensures comprehensive removal of contaminants,
including bacteria, viruses, chemicals, and heavy metals, resulting in water that exceeds
international quality standards.
Durable and Versatile Design: Engineered for durability and versatility, the advanced
device is built to withstand rugged conditions and frequent use. Its robust construction,
combined with ergonomic design elements, enhances durability and portability, making it
suitable for both indoor and outdoor applications, including camping, travel, and
emergency situations.
Brand sponsorship:
o Allocate a small portion of our budget to print and outdoor advertising to reach
audiences who may not be active online. This could include newspaper ads,
billboards, and posters placed strategically in high-traffic areas.
o Focus on concise messaging and compelling visuals that highlight the key
features and benefits of our water purification device. Target locations where our
target audience is likely to frequent, such as busy urban areas or public
transportation hubs.
v. Public Relations and Media Outreach:
o Invest in public relations efforts to generate media coverage and press releases
about our brand and its mission to provide clean water solutions in Bangladesh.
o Identify key journalists, bloggers, and influencers in the health, lifestyle, and
environmental sectors and reach out to them with personalized pitches and
product samples.
o Monitor media coverage and leverage any positive mentions or reviews to further
amplify our brand's visibility and credibility.
By diversifying your brand sponsorship across various marketing channels and initiatives, you
can effectively reach and engage your target audience in Bangladesh while staying within your
budget constraints. Remember to continuously track and evaluate the performance of each
activity to optimize your marketing efforts and maximize return on investment.
Price
Budget Distribution
Breakdown Summary
Considerations
This allocation can be adjusted based on specific needs and priorities of the business. For
example, if initial product development costs are lower, more funds can be allocated to
marketing or vice versa.
The portable water purification device company specializes in providing innovative solutions to
address the pressing issue of access to clean drinking water in Bangladesh. Their product range
includes:
i. Basic Portable Water Purification Device (Price Range: 500-1000 Tk): This device is
designed to cater to budget-conscious consumers or those with minimal water purification needs.
It offers essential purification features to ensure the removal of contaminants and pathogens from
water, making it safe for consumption.
ii. Advanced Portable Water Purification Device (Price Range: 2000-3000 Tk): Positioned
as a premium offering, this device incorporates advanced purification technologies, enhanced
durability, and additional features such as multiple purification stages or portability
13
enhancements. It targets consumers who prioritize quality, reliability, and convenience in their
water purification solutions.
Pricing Strategies:
Objective: The company adopts a penetration pricing strategy for the basic portable
water purification device to swiftly capture market share and penetrate the price-sensitive
consumer segments.
Rationale: In a price-sensitive market like Bangladesh, setting an initially low price
helps in rapid market adoption, especially among consumers with limited purchasing
power. By offering the basic device at an affordable price point, the company aims to
attract a large customer base and establish itself as a trusted provider of water purification
solutions.
Implications: While the low price may lead to lower profit margins per unit initially, the
high sales volume compensates for it. Additionally, the strategy creates barriers for
potential competitors to enter the market, as the company secures a strong foothold
through its aggressive pricing approach.
Objective: For the advanced portable water purification device, the company implements
a skimming pricing strategy to maximize profits from the segment of consumers who
value superior quality and are willing to pay a premium for it.
Rationale: The advanced device offers additional features, technological advancements,
and higher quality compared to its basic counterpart. Hence, pricing it at a higher range
capitalizes on the perceived value and premium positioning in the market. This strategy
aligns with targeting affluent consumers, early adopters, or those with specific
purification requirements.
Implications: Skimming pricing enables the company to generate substantial profit
margins per unit sold, contributing to overall revenue growth and sustainability.
14
Factory Location:
i. Proximity to Raw Materials: It is important to locate the factory near areas with access to raw
materials needed for manufacturing water purifiers, such as plastics manufacturing facilities for
casing and components.
ii. Proximity to Dhaka: The factory should be near Dhaka, the capital city and commercial hub of
Bangladesh, as it offers access to skilled labor, transportation networks, and a large consumer
market.
iii. Availability of utilities: The location should be in a place with reliable access to electricity,
water, and other necessary utilities for manufacturing operations.
iv. Industrial Zones: Set up the factory in established industrial zones such as the Dhaka Export
Processing Zone (DEPZ) or the Chittagong Export Processing Zone (CEPZ). These zones
provide infrastructure support, tax incentives, and easier regulatory processes.
v. Transportation Infrastructure: The location should have good transportation links, especially
road and rail networks, to facilitate the movement of raw materials and finished products. Ports
such as Chittagong can be advantageous for importing/exporting components and products.
vi. Availability of Skilled Labor: Bangladesh has a large and relatively inexpensive labor force.
Choose a location with access to skilled and semi-skilled workers who can be trained to meet the
production requirements
vii. Water availability: Ensure the factory is situated near clean water sources for testing and
quality control purposes, which can streamline production processes and reduce costs associated
with water purification.
15
i. Urban Centers: Establish retail outlets in major urban centers like Dhaka, Chittagong, and
Khulna, where population density and consumer demand are high. These cities also have a
concentration of outdoor enthusiasts and travelers who may be interested in portable water
purifiers.
ii. Shopping Malls and Commercial Areas: Place retail outlets in popular shopping malls in
urban areas to leverage high foot traffic and provide convenient access to potential customers.
Malls like Bashundhara City Mall in Dhaka or Jamuna Future Park are prime locations.
iii. Residential Areas: Set up retail outlets in densely populated residential neighborhoods,
particularly those with a higher concentration of middle to upper-income households like
Gulshan and Banani who are concerned about water quality.
iv. Outdoor recreation areas: Set up retail outlets near popular outdoor recreation destinations,
such as Cox's Bazar or the Sundarbans where tourists and adventurers may seek portable water
purification solutions.
v. Mobile Retailing: Using innovative approaches such as mobile retailing or pop-up shops to
reach consumers in suburban and rural areas with limited access to traditional retail outlets.
Distribution Channel:
i. Retail Partnerships: Collaborate with established retailers such as superstores, appliance stores,
and home goods retailers to stock Aquago water purifiers.
ii. Online Platforms: Utilize e-commerce platforms like Daraz, AjkerDeal, and Evaly to reach a
broader customer base. Invest in digital marketing to increase visibility and drive sales.
iii. Direct Sales: Establish company-owned retail outlets in strategic locations and sell Aquago
products directly to consumers.
iv. Direct sales force: Utilize direct sales teams to engage directly with potential customers,
particularly in areas with low retail presence. Additionally, deploy a direct sales force to connect
16
with corporate clients, government agencies, NGOs, and institutions seeking to purchase Aquago
products in large quantities for commercial or institutional use.
vi. Rural distribution networks: Develop partnerships with local businesses or NGOs working in
rural areas to distribute Aquago products to communities without easy access to clean drinking
water.
vii. Mobile sales agents: Employ mobile sales agents who can visit residential areas, offices, and
community centers to demonstrate the product and take orders directly from customers.
Aquago can effectively penetrate the market in Bangladesh by strategically locating the factory,
retail outlets, and distribution channels. This will help the company reach its target customers
and capitalize on the growing demand for portable water purification solutions in the country. To
succeed in Bangladesh's competitive market landscape, it will be essential to conduct regular
market research and adapt to local preferences and market dynamics.
Promotion
Advertising
I. Advertising Objective
Awareness Building: Introduce the portable water purifier to the target market and increase
brand awareness. For example, people such as hikers, students, office workers etc. We will
spread awareness of “how drinking clean water is important for better health”. We can organize a
running marathon for our target customers and the official sponsor of this event will be our brand
‘AquaGo’.
Educational Campaigns: Inform the target audience about the benefits of using a portable water
purifier, such as ensuring access to clean and safe drinking water during outdoor activities,
17
travel, or emergencies. We can achieve this by hosting fun, interactive and educational seminars
at reputed privet school and university.
Positioning as a Solution Provider: Position the portable water purifier as a must-have solution
for individuals or families concerned about water quality, health, and environmental
sustainability. Emphasize its convenience, reliability, and cost- effectiveness compared to
alternatives like bottled water.
"Introducing the ultimate companion for your outdoor adventures: our Portable Water Purifier!
Say goodbye to worries about water quality wherever you go. Whether you're hiking, camping,
or traveling, ensure clean and safe drinking water on-the-go with ease. Compact, lightweight,
and efficient, it's your ticket to pure hydration anywhere, anytime. Stay refreshed, stay healthy.
Get your Portable Water Purifier today!"
Whenever and wherever you are thirsty, you must not worry. Take out a stylish, little portable
water purifier from your bag pack. Turn it on with a simple twist and click, and the purifier
begins to gently hum. The water passes through the purifier as you fill the bottle, emerging clean
and ready to be poured into a waiting bottle. With renewed vigor and confidence, you can lead a
healthier life with a delighted smile on your face, and a refreshing drink.
Content Marketing: Create informative and engaging content related to water purification,
health, and environmental sustainability. This can include blog posts, articles, videos, and
infographics. Distribute this content through your website,
Sales Promotion
Offering discounts on the purchase price of the water purifier or providing coupons that
customers can redeem for a reduced price.
Providing free samples of the portable water purifier for customers to try before making a
purchase. Example: "Try our portable water purifier for free for a week and experience the
difference in water quality."
Offering a 'Buy One Get One' deal where customers receive two portable water purifiers for the
price of one.
Example: "Purchase one portable water purifier and get another one absolutely free!"
Creating bundle offers where customers can purchase the portable water purifier along with other
related products at a discounted price.
Example: "Buy our portable water purifier and receive a free set of replacement filters with your
purchase."
V. Loyalty Programs:
19
Implementing a loyalty program where customers earn points for each purchase of the portable
water purifier, which can be redeemed for discounts or free products in the future.
Example: "Join our loyalty program and earn points with every portable water purifier purchase.
Redeem your points for exclusive discounts and rewards!"
Public Relationship
I. Quality Products: Offer high-quality water purifiers that effectively remove contaminants and
provide safe drinking water. Quality is the foundation of customer satisfaction.
II. Transparency: Be transparent about the purification process, the technology used, and the
effectiveness of the purifier.
III. Excellent Customer Service: Provide prompt and helpful customer service. Address customer
inquiries, concerns, and complaints efficiently and professionally. A positive customer service
experience can significantly enhance customer satisfaction.
IV. Product Demonstrations: Offer product demonstrations to showcase the effectiveness of your
water purifiers. Allow potential customers to see the purification process in action and taste the
difference in water quality.
V. Customer Feedback: Actively seek feedback from customers to understand their needs and
preferences better. Use surveys, reviews, and testimonials to gather insights and continuously
improve your products and services.
VI. After-Sales Support: Offer after-sales support, such as installation assistance, maintenance
tips, and troubleshooting guidance. Providing ongoing support helps customers maximize the
performance and lifespan of their water purifiers.
Strategic Application
Innovation and R&D: Invest in research and development to continually improve product
efficiency and effectiveness. Keeping ahead of technological advancements in water purification
can provide a competitive edge.
Customer Education: Focus on educating customers about the importance of clean drinking
water through workshops, seminars, and online content. This can create informed consumers
who value and trust the brand.
Referral Bonuses: Offer incentives for customers who refer Aquago to friends and family,
leveraging word-of-mouth marketing to expand the customer base.
Complementary Products:
Water Testing Kits: Launch portable water testing kits that allow consumers to test the quality of
their water at home. This can be bundled with the purifier or sold separately.
Eco-Friendly Accessories: Develop accessories such as reusable water bottles, filter carrying
cases, and solar chargers for outdoor use, aligning with eco-conscious consumer trends.
By leveraging these strategies, AquaGo can strengthen its market position, expand its product
range, enter new markets, and build a robust brand identity that resonates with a wide audience.
This approach ensures sustained growth and a promising future for the company.
21
CONCLUSION
AquaGo is a beacon of hope in the global quest for clean water accessibility. Its revolutionary
portable water purifier not only addresses the critical need for safe drinking water but also
embodies a commitment to environmental sustainability and community welfare. Through
advanced filtration technology and a user-friendly design, AquaGo sets a new standard for water
purification, transcending functionality to embrace broader ideals of social responsibility and
ecological stewardship. Strategically positioned in the market, AquaGo employs a nuanced
approach to segmentation, catering to diverse consumer needs and preferences. By implementing
dynamic pricing strategies and leveraging a comprehensive marketing mix spanning digital
outreach to grassroots engagement, AquaGo aims to capture market share and foster lasting
relationships with customers. With a focus on transparency, authenticity, and integrity, AquaGo
builds trust and credibility as a reliable partner in the pursuit of clean water access. Looking
ahead, AquaGo is poised for global expansion, driven by a vision of creating meaningful impact
on a larger scale. By adhering to stringent quality standards, fostering innovation through
research and development, and embracing continuous improvement, AquaGo aims to solidify its
position as an industry leader. With a relentless commitment to excellence and a passion for
making a difference, AquaGo is not just a product but a catalyst for positive change, empowering
individuals and communities to thrive in a world where clean water is a fundamental human
right.Guided by its core values of sustainability, innovation, and social responsibility, AquaGo
stands ready to shape a future where access to clean water is no longer a distant dream but a
tangible reality for all. In a world facing environmental crises and public health challenges,
AquaGo emerges as a beacon of hope, offering a path towards a brighter, healthier, and more
sustainable tomorrow.