Marketing Plan Tryp to Bed

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Marketing Plan of Tryp-to-Bed MKT/421 May 21, 2012 Marketing Plan of Tryp-to-Bed Consumers of the twenty-first century are highly evolved and have many options available to them. When considering the formulation of a new beverage that would assist people to fall asleep in a more natural manner, certain marketing issues needed to be researched and addressed. An analysis of the new product, to include promotion, place, and price is necessary. Marketing of Tryp-to-Bed Phase I After carefully analyzing the demands of consumers at the present time, PepsiCo has drawn the conclusion that rather than marketing only energy drinks, it would be beneficial to develop and market a drink of the opposite nature; a drink that promotes a natural way to relax and slip off to sleep. It is no secret that Thanksgiving dinner is quickly followed by the traditional Thanksgiving nap, and the reason behind this is the natural sedative tryptophan that is found in Tom Turkey. PepsiCo is a solid organization that has the ability to branch out and take advantage of marketing a drink product they have named “Tryp-to-Bed”. The following is a breakdown and analysis of the existing organization, detailed product description, importance of marketing selected, a SWOTT analysis of the product, and the marketing research approach taken to achieve the desired outcome of success. Overview of PepsiCo PepsiCo is a large established company that has global recognition. Over the years it has grown to mean more than just soft drinks. The company has branched out to include various drink brands with recognizable names, such as Sobe, Lipton teas, and Gatorade, just to mention a few. The drinks have changed over the years from soft drinks to drinks that focus on health and a variety of flavors to give consumers more choice. PepsiCo has branched out into snack foods as well,

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