market research [monster energy]
TRANSCRIPT
Team 1Michela Caltran | Roushan Kumar | Roman Malyshev
Francis Martinez | Gregory Vanhaute | Ding Zhao
Agenda
♦ Java Monster
♦ Market Research
♦ Target Market
♦ Differentiation
♦ Positioning
♦ Marketing Strategy
♦ Conclusion
♦ Java Monster is a line of coffee flavored energy drinks from the makers of Monster Energy Drink.
♦ Java Monster is available in 6 different flavors, but most locations don’t have them all in stock at the same time.
♦ Demographics
MARKET RESEARCH
63%
37%
Gender
Male
Female
0
20
40
60
80
100
Under 18
years old
18-29 30-49 50 years
and over
Age
0 10 20 30 40 50 60 70
Student
Professional
Not Employed
Other
Occupation
MARKET RESEARCH
64%36%
Do you buy Energy
Drinks?
Yes
No
0 5 10 15 20 25 30 35
Other
Sport
Parties
At work
Studying
In which occasion do you drink an
Energy Drink?
22% buy an energy drink at least once a week.
♦ Market Trends and Growth
54% would be interested in buying a coffee flavored energy drink like Java Monster.
MARKET RESEARCH♦ Customer Decision Process
0
10
20
30
40
50
60
70
In-store Vending
machines
Other
Where do you usually buy
energy drinks?
62% consider Flavor very important.
47% consider Price quite important.
Target MArket
Identify product-related
Need Sets
Identify Groups
with this Need Set
Define the Segment
♦ Tasty Flavor♦ Energy and
Concentration ♦ Nice branding♦ Coffee taste but Ice
cold♦ Lower price
♦ Students that drink coffee
♦ People that like cold coffee
♦ People that dislike Redbull
♦ Male students and Young professionals
♦ 18-29♦ United States
Differentiation
♦ A unique combination of art and science
♦ Targets a different segment
♦ Contains less fat and caffeine than some existing products such as “Mega Buck” bottled coffee
♦ Variety of flavors:
o Loca Moca
o Kona Blend
o Irish Blend
o Mean Bean
o Cappuccino
o Vanilla light
How is Monster Java line different from what competitors have to offer?
Positioning
Price Fixed and variable costs
Competition
ValueProposed
positioning strategies
Willingness to pay
Placement Online: Amazon
Gas stations
Walgreens and CVS
Supermarket
Vending machines in school and
libraries
Marketing Strategy
Marketing Campaign [U.S.]
♦ Free Drink for Final Exam
♦ College Design Contest for Monster’s vending machine/poster/mascot
♦ Blindfold Tasting Challenge: Monster VS Red Bull
♦ Discount, free sample and coupons
Offline Online
Offline stores
Vending Machines:Schools and offices
Official website &Social Media(Owned Media)
Online ads(Paid Media)
Online shopping
Conclusion
♦ Monster Java line is considered the future of energy drinks according to Monster
♦ This line is targeting students and young professionals, whose buying power is supposed to help Monster compete against Red Bull and other major competitors
♦ With this line Monster steps out of their comfort zone in order to gain popularity and make a statement in the market
♦ Monster is already one of the top energy drink brands in the US, but with this line they hope to take their business to a new level.
Thank You!