Beyond fried chicken nuggets are 100% plant based nuggets that serve as an alternative in taste and texture to actual chicken nuggets. KFC originally launched the Beyond Nuggets as a healthier alternative for those who do not want to consume a large amount of meat. They wanted to provide vegetarians & vegans with more options, but unfortunately, the product was not meat free, and therefore could not be advertised as a vegan or vegetarian product. It worked in the sense that there was a healthier option made available, but did not work in other aspects. Ultimately, the product was pulled due to the lack of demand and the false advertising on the product. It could not be advertised as a vegan or vegetarian product, and nearly ran a cost of $15. People were not buying the product since it cost so much, which means it cost more to make and it was not generating good revenue. |
KFC has been an American staple and reaches back to 1930. Today, with over 24,000 locations across 145 countries and territories worldwide, KFC is a fast food powerhouse. Just last year, KFC generated about $2.83 billion in revenue. |
Quarter 1: Jan. - March
January (Beginning of Pre-Launch Campaign):
February:
March (Launch Announcement):
Quarter 2: April - June
April (Begin Social Media Campaigns & Running Print Ads):
May:
May - June:
June:
Quarter 3: July - Sept.
July:
August:
September:
Quarter 4: Oct. - Dec.
October:
November:
December:
SWOT Analysis
A SWOT analysis shows all of the strengths, weaknesses, opportunities, and threats to the company or product. The graphic below outlines the main strengths, weaknesses, opportunities, and threats for KFC Beyond Chicken.
Media Budget
To break down our $3 million budget, we would break it down to cover social media, the launch campaign, targeted google ads, print ads, influencer partnerships, and promo deals. Social media will be where we intend to promote this product primarily, so we have given social media the largest chunk of our budget.
PESO Model
The PESO model is one way to understand how different marketing channels work together to reach consumers during their shopping journey. The acronym stands for paid, earned, shared, and owned media. Each channel is unique and has its own set of strengths, weaknesses, opportunities, and challenges. We created a PESO model to show our recommendations on how to best utilize each type of media.
Paid Media
Paid media is any media placements you pay for, e.g., paid search, display ads, paid social marketing, TV ads, etc. When developing a media plan, paid media is important because it allows for specific, controlled messages to be distributed that amplify, reach and generate brand exposure and credibility. Below is our suggested breakdown of the $3 million budget and what areas that money should be distributed.
Budget: 300,000
Billboards and posters outside KFC locations
QR codes on the posters
Budget: 500,000
Increase SEO (search engine optimization)
Earned Media
Earned media is comprised of press coverage you get without direct payment, e.g., mentions in media, blog posts, etc. As beyond nuggets gain popularity and knowledge of the brand is increased, customer engagement with Roxie will rise. As more people try the product, it will gain more publicized reviews and will build credibility. Overall, gaining credibility through earned media will help attract other potential customers to the brand. The reviews that will create the most impact are blog reviews, organic mentions of the product, and unpaid influencer reviews.
Shared Media
Social media is any content that is posted on social media channels that isn’t promoted or boosted. It is the most important tool for marketing, advertising, and communicating for a company. We have budgeted $1.2 million.
Aimed more toward the reintroduction of the Beyond nuggets.
Posts made by the designated KFC locations
Reviews by influencers, nutritionists, or the average person.
Tiktokers: Meals She Eats & Blatant Reviews
Owned Media
Owned media is the content that is posted on channels the company owns and controls, e.g., websites, blogs, apps, etc. KFC's website serves as the primary piece of owned media, so the key would be to follow up with thoroughly published blogs and ads for social media. Maintaining a balanced use of major social media platforms is critical for the relaunch of this product.
Tracking and Measurement
Conclusion