Meteor Proposal

OWNERS BRAND PERCEPTION RESEARCH intention Prep ared for meteor Motorcycle company adept Stuff date September 7th, ____ EXECUTIVE SUMMARY Currently, shooting star needs to understand how its nodes witness four brands relative to each other meteoroid, Comet meat cleaver, Harley, and Big Dog. Also, because of the unexpected sales success of the Comet whirlybird motorbike, meteoroid needs to understand the major factors for the conjure up of the Comet pearly. Meteors merchandising aggroup as well as needs to update the demographic profile of its customers.This is because Meteor sells through a network of dealers, more or less of whom do not always record dilate roughly the demographics of bike buyers. BACKGROUND On September 11, 200_, the Meteor trade team up met look forers from unplayful Stuff at the Meteor headquarters. The presentation included the history of the Meteor Motorcycle Company, its founders, the brand types and other useful inputs. The Meteor mar keting team was open to allowing the Good Stuff researchers to participate in the Harvest Biker Fest payoff to be held in the Kansas City metropolitan area. Details of the event and other issues were discussed during the same session.It was also agreed that Meteor would provide a total of existing Meteor Chopper owners to help Good Stuff in its research. Problem definition / RESEARCH OBJECTIVES Problem definition The research team at Good Stuff volition 1) study Meteor and Comet Chopper owners brand perceptions of heavyweight cruiser motorcycles, 2) so that the Meteor marketing team can better understand the draw in of these brands to specific customer segments, 3) so that the Meteor Motorcycle Company can improve the positioning of its brands in the marketplace and achieve a 30 per cent annual developing in sales revenues in the coming year.RESEARCH OBJECTIVES Accordingly, four modules of research go out comprise the joint research project. To identify and gather in turnati on about existing competitors that buyers consider when buying a Comet Chopper. Good Stuff give gain an understanding of who in terms of competitors are Comet Chopper owners considering during the buying process, and why. To understand the appeal of the Comet Chopper. Good Stuff pass on explore the hold for the Comet Chopper by examining the appeal. Good Stuff ill determine what the appeal of the Comet Chopper is, to further understand the feelings, stories and attitudes behind the Comet Chopper customer. To understand the comport aim of brand awareness between Meteor and the Comet Chopper. Good Stuff testament research the customers perception of the brand relation between the Meteor brand and the Comet Chopper ( do by Meteor). Good Stuff give research customers awareness levels, identify points of brand awareness and examine issues connect to dual branding. To describe both(prenominal) the Meteor owner, and the Comet Chopper owner in terms of demographics and psychogra phics thereby gaining a better understanding of the existing customer profile. Good Stuff lead explore the demographics of the Comet Chopper owner in terms of age, sex, income, occupation, and education level in addition to psychographics such as attitudes, beliefs, consumption habits and interests. APPROACH TO THE PROBLEM Meteor Motorcycle Company was previously involved in similar projects with Good Stuff. In the resignation of 1998 and in the Spring of 2000, Good Stuff onducted Meteors scratch line dealer and customer satisfaction mobilise surveys. Both of these surveys included a module on brand perceptions of Meteor and its competitors in the marketplace. The results had immediate useable impact for Meteor. Since the 1998 research project, sales for Meteor have increased 1800 per cent. The genuine research project leave behind give primary focus to Meteor owners brand perceptions, with lesser emphasis to customer satisfaction of Meteor owners. whole Meteor owners allo w be surveyed. RESEARCH DESIGN For the train of this research Good Stuff ill undertake primary research to lean a conclusive design using web-surveying methods , as well as an exploratory design employing observation and in-depth references at a regional motorcycle riders fest. For the web survey, all scale responses will be used. The ranking of the four focal brands on 12 different character traits will be a core part of the research project. However, all other types of scale responses will be used. FIELD WORK / info COLLECTION In this effort, respondents will be recruited by phone to take the survey on the internet.For those without internet at work or at home (estimated to be less than 5 per cent of the sample frame), the interview will be conducted by phone. Web Surveys Primary source of data collection will be through an internet site Surveytime. com that will host the electronic interrogatenaire. One hundred Meteor owners and 200 Comet Chopper owners will receive a let ter from Good Stuff explaining the purpose of the study and inviting their participation. This 21 ratio of Comet Chopper to Meteor owners reflects the accr alter sales ratio of these two brands.The letter will direct them to the website and signal then to complete the survey. A $2 cash incentive will be included in each recruiting letter. Importantly, those taking the survey will be entered into a raffle for a leather Meteor first team jacket. Phone Interviews A concerted effort will be made to identity and approach those Comet Chopper owners that failed to complete the web survey. The contact details of the current Chopper owners would be provided by the Meteor marketing team. Observations and Interviews Good Stuff esearchers will attend the Harvest Biker Fest on September 19 and September 20. It is believed that the Rally will provide us with an opportunity to reward chopper owners in their environment and to interview them, as well. Coding and data entry Survey Time. com a llows the researchers to download data into Excel spreadsheets. by and by conducting the phone interviews, the responses will be transferred into the excel spreadsheets, as well. Numerical data will be entered for close-ended questions. Entered data will be checked for accuracy and edited if necessary.After the spreadsheet has been edited and checked for accuracy, it will be converted into an SPSS data file. After completing the coding and data entry for the closed and open-ended questions, results will be tabulated. DATA ANALYSIS Some of the various techniques that will be utilized to analyze the data are Descriptive statistics in tabulated form using percentages Graphical analysis of the data Correlation Analysis The interest are some examples of results of data analysis that Meteors marketing team can expect to see in the final repute card. . pic pic Timeline practise EXPECTED COMPLETION DATE Meeting with Meteor marketing team Sept 11 Harvest Biker Fest Sept 19& 2 0 final cause & Questionnaire Submission Oct 7-10 Survey Loaded in the Web Server Oct 10-20 garner mailed to Comet Chopper owners Oct 10-14 Data Collection Oct 14-30 Follow up foretell Interviews Nov 1-7 Coding, Data Entry and Data Cleaning Nov 7-14 Preliminary Analysis Nov 14-21 closing Analysis and Report Nov 22-30 Presentation to Client Dec 4 learning Investment COST ESTIMATION TASKS* HOURS COSTS (*) Upfront Consulting Work and externalise $ 8,000. 00 Designing & Producing Questionnaires ($55/hr) 80 hours $ 4,400. 00 Research & Compilation of Name key ($55/hr) 8 $ 440. 00 Final Analysis & Reporting ($75/hr) vitamin C $ 7,500. 0 Internet Survey** $18,000. 00 Phone Line / Calling separate (1 min $0. 10) 250 $ 1,500. 00 Telephone Interviewers (150 phone interviews $10 per interview) $ 1,500. 00 Incentives to Respondents ($2 X three hundred respondents = $400 jacket) $ 1,000. 00 Data Entry (1 survey 10minutes $6. 50/hr) 50 $ 325. 0 Cod ing the Data (programming work & compatibility of data) $ 2,500. 00 Other Overhead Cost (Office Supplies-binders, photocopying) $ 500. 00 issue forth $45,665. 00 Note Other operating expenses encountered during the conduct of the project will be invoiced additionally to Meteor at the conclusion of the project. Hours and hourly rates are presented for Good Stuff s internal use. These would be deleted in the interpreting of this proposal given to the Meteor marketing team. ** The Internet Survey damage includes the programming and the designing of the Web module, server and usage fee and data retrieval. REPORTING At the conclusion of the project, the following will be delivered to Meteor threesome copies of the final written report with all the appendices. The final report will include an annotated survey with the percentage of responses for each possible question response. Detailed data tables will be included in the report to summarize important information found i n the research.It will also include the final conclusions and recommendations made based on the research study. Three CDs with the electronic version of the final report, the PowerPoint slides and the SPSS data files. shake off PERSONNEL rat Peterson Research Team Leader Mark Peterson legitimate his Ph. D. in Marketing from the Georgia Institute of Technology in butt 1994. Mark received the Academy of Marketing Sciences of import Kappa Psi Dissertation Award for his lab and field study of consumers worked up responses to television ads. Marks scholarly works have been produce in the Journal of Business Research, the Journal of the Academy of Marketing Science, the littler Business Management Journal among others.Prior to launching Good Stuff , Mark was a statistical methods consultant for SDR, Inc. in Atlanta, and an associate professor of marketing at the University of Texas at Arlington where he taught in the Masters of Science in Marketing Research program. Jim McGee Rese arch Team Associate Jim McGee received his MSMR degree from the University of Texas at Arlington in 1996. Since that time, Jim has worked as a project manager for a variety of marketing research firms including Campbell Research and Global Mapping International. Jim is gratify to be reunited with Mark Peterson at Good Stuff , as both were members of the legendary Gold Team at SDR, Inc. in the mid-nineties.Jim regards his most honor skill to be applying conjoint analysis a multivariate statistical technique in survey research to solve problems for client firms. APPENDIXES If useable at this time in the development of the project, a draft of Meteor Survey A would be attached. 0% 10% 20% 30% 40% 50% 60% &ages 1 States Geographic Distribution of Comet Chopper Owners TX FL CA WI Others 0% 5% 10% 15% 20% 25% 30% 35% 40% %age 1 Brands Brand knowingness Consider Comet Chopper Thought to be a Separate Company Comet Chopper is a Meteor brand Comet Chopper is a westward Coast Chopper bra nd Comet Chopper is a Harley Brand Others