Product Launch Strategy

Closed
Sarko Beauty
Vancouver, British Columbia, Canada
Project
Academic experience
100 hours of work total
Learner
Anywhere
Advanced level

Project scope

Categories
Market research Product or service launch
Skills
market size go-to-market strategy packaging and labeling new product development oil and gas commercialization
Details

We want to expand our product offering with a new line: Moroccan Oil Treatment. We need insights to help anticipate the ramp-up to commercialization and the best approach to go to market successfully with our new product. Initial questions to brainstorm include, but are not limited to:

1. What are the best markets geographically to sell the product? How does this product work in tandem with our human hair products - European hair toppers and Wigs? What is the total market size for this opportunity?

2. With whom should we partner on manufacturing (Alibaba), packaging & fulfullment? Are there fulfillment centres in China?

3. Who are our closest competitors and how do we differentiate ourselves? How can we also market this as an entry-level product to raise awareness of Sarko Beauty for consumers to eventually buy our human hair wigs, toppers, extensions?

4. How do we establish our brand: Build awareness, acquire customers, and defend any early success?

Deliverables

The final deliverables should take the form of:

  • A final report with findings and recommendations
  • A 30-minute presentation
Mentorship

I have over 10 years in marketing experience and led strategies for global corporations such as lululemon, Best Buy Canada, and Yellow Pages. I look forward to mentoring students in the ideation of business and marketing strategies. Students will connect directly wit me via email, phone, virtually or in-person, if applicable.

About the company

Company
Vancouver, British Columbia, Canada
Retail

Sarko Beauty empowers women by inspiring confidence through human hair products. As an official vendor for the Canadian Alopecia Areata Foundation, we provide hair toppers, wigs, and hair extensions for women experience hair loss or looking to try out a new look. Sarko Beauty is looking to expand its product portfolio to provide more solutions through product. Additionally, it looks to build a community of supportive women to help each other learn how to overcome the trauma associated with hair loss in order to achieve mental wellness.