We were given a brief asking to design and promote a new healthy range of breakfast cereal. Me, Aaysha and Madiha decided to work together as a group. The new cereal had to be kept within the recommended daily allowance for our target group. The idea behind the cereal range was to encourage people to eat a healthy breakfast every morning. We were able to choose which group we wanted to target.
We made a plan to market the new cereal to ensure it makes a profit and takes market share away from the other main competitors.
We came up with the name 'Snax' for a breakfast cereal bar, which we aim to sell to students/teenagers between the ages of 16-22. The cereal bar will come in a few varieties such as honey coated, strawberry, yoghurt coated and banana & chocolate. We think our cereal bar will be different from anything else because it has a catchy name, which will appeal to our target market and the packaging design will look fresh and eye catching. The combination of flavours is also quite different to what is already on the shelves. We will charge £2 for 5 bars, which is similar to other competitors and good value for money. It will have discount tokens attached to the packaging encouraging people to keep buying the product. We would sell the cereal bar in shops surrounding schools and universities and also on the high street. We will advertise and promote the cereal by using posters, Facebook and by word of mouth.
After making our business plan, we had to gather some Market Research - Secondary.
We found out existing cereal brands such as Alpen, Quaker, Ready Brek, Cadbury, Lyme Regis, Kellogg's, Nestle, Weetabix and Go Ahead. The types of cereal already out there are plain/sugar coated, flavoured - chocolate, strawberry, raisons, cinnamon etc, whole grain. We found out that the prices of cereals already on the market range from £1 to £4. The special offers on the market are free gifts in packets of cereal, 2 for £2 and buy one get one free. Whole grain cereals seem to be most popular because they are healthier.
Once we had gathered our secondary research we went on to finding some primary research in order to find out what cereal people buy on a regular basis and why. We made the survey using Survey Monkey and asked people on Facebook to fill it in.
http://www.surveymonkey.com/s/TRJSSKP
We found out that most people eat cereal in the morning, however for the people who said they
don't eat breakfast, they said they would be more likely to buy a cereal bar so they could eat it on
the go. It states that people are attracted to buy cereal that has good packaging and good
nutritional content. The majority of the people say they aren't bothered about the sugar content of
the cereal however it shows that the majority of people who took the questionnaire purchased
whole grain cereal. Most people prefer cereal to cereal bars however with the packaging and
new flavours we are going to produce I'm positive figures will change. Most people don't look at
the nutritional information on the box.
We researched some existing cereal packaging in order to get an idea for our designs.