Tag Archives: children

Funko Launches Cereal Brand

Successful brand extensions can be a tricky to accomplish. Brands usually have a strong identity, and are often associated with a single or unique product line. Extending the brand into a new area or industry can be difficult, expensive, and not always successful. The best brand extensions stay true to their original brand identity and market spaces. For example, Coca-Cola can take its strong global brand to include beverages other than sodas, but it would certainly struggle to extend its brand to a new industry such as entertainment.

A new brand extension is underway by Funko, known for its Pop! bobblehead toys and characters. The new entry by Funko is for a line of cereals – FunkO’s – that will have a retro flair and (of course) include a toy collectible in the boxes. The first line will have more than 40 characters and each cereal will have an exclusive U.S. retail partner (not at grocery stores).

The cereals arrive this summer with a suggested retail price of $7.99. The cereal product line will continue the Funko tradition of distributing collectible figures with fun designs. Each cereal box will include mini Pocket Pop! figures and the packaging will have activities, puzzles, and games.

The first releases are expected in July and August, and include:

  • Mega man FunkO’s (at GameStop)
  • Cuphead & Mugman FunkO’s (at Hot Topic)
  • A Nightmare on Elm Street’s Freddy Krueger FunkO’s (at f.y.e.)
  • The Lord of the Ring’s Gollum FunkO’s (at Box Lunch)
  • Beetlejuice FunkO’s (and Box Lunch)
  • Huckleberry Hound FunkO’s (at Funko.com)

Let’s grab a box, munch, and watch cartoons!

Group Activities and Discussion Questions:

  1. Poll students: Who eats cereal? What type? Who buys Funko products?
  2. Show Funko’s Web site and the new product line: https://www.funko.com/blog/article/introducing-funko-s-putting-the-fun-back-in-breakfast
  3. Discuss competition: what are the direct competitors for this product? Indirect competitors?
  4. Divide students into teams. Have each team compare FunkO cereal product with a competitive product. What are the points of difference (what makes FunkO cereal different from competition)?
  5. Debrief the exercise.

Source: Guess who’s coming to breakfast? This summer, FunkO’s cereal. (2 July 2018). Brandchannel.com

 

Leave a comment

Filed under Classroom Activities

Fund-Raising with Healthy Options

We can usually tell when it is fund-raising season for schools and sports. Kids stop by houses and businesses, selling chocolate bars and other items to help fund a variety of programs and causes. And, although we happily buy and eat the candy, there can be some regrets over the empty calories, and the lack of sales going to local businesses. Wouldn’t it be better to offer healthy alternatives, and support local businesses? Of course! Enter a new company: FarmRaiser – connects fundraising groups with local products and foods.

FarmRaiser was founded in Michigan with a mission to connect local farmers and food artisans with schools, athletic teams, bands, and other causes. Vendors must meet standards for sustainable practices, and artisan products that do NOT list sugar as the first ingredient are welcome. The company states that “if a product has more than five or six ingredients, and if any of them are ones your grandma wouldn’t recognize it doesn’t make the cut.”

Campaigns are customized by working with a FarmRaiser “cultivator” to help determine fund-raiser goals, local products, and vendors. Each campaign also gets its own Web page on FarmRaiser.com. The company estimates that 85% of funds raised stays in the community; the average profit margin is 53% for the groups. The process is straightforward: once the cause is registered, FarmRaiser helps create a custom online and mobile market. At the end of the sale period, students help distribute the produce and products to their customers. Groups can choose various products and goods from multiple regions. Try combining Michigan cherries, with Texas Salsa.

What sounds good to you?

Group Activities and Discussion Questions:

  1. Discuss the fundraising activities that students might have done. Discuss what was it about, proceeds, products, process, etc.
  2. Introduce the topic of changing the product mix and sales process.
  3. Show a video about the company: https://vimeo.com/147806697
  4. Show Web site: https://www.farmraiser.com/
  5. Divide students into team. Have each team select a cause and develop a product set.
  6. Set SMART objectives for the company.

Source: Rieth, D. (Summer 2018). Home field advantage. Edible Michiana.

Leave a comment

Filed under Classroom Activities

The Joy of Books (for kids)!

Remember when one of the joys of being a kid was getting a box delivered to you that was filled with surprises? Even when the box contained books?! I remember it and the pleasure that reading brought (and still brings) to my life. When kids read, new worlds open up to them. And, building a love of reading early can lead to a life-time love of reading and learning.

In a new service geared to young readers, Amazon is starting a new service to send a monthly box of books to kids based on their ages and interests. The Prime Book Box service uses the tag line “The Love of Reading, Delivered” and delivers a curated box of books every one, two, or three months. The service is priced at $22.99 per box, an estimated 35% discount from the cumulative list prices.

Books can be selected for various age groups: Baby to two year olds, three to five year olds, six to eight year olds, and nine to 12 year olds. Each box contains either two hardcover books or four board books. The selection may include classic books as well as new books selected by the editors, and customers have options to swap out books and substitute from a selected alternative list. The service also takes into account a customer’s purchase history in order to avoid sending a book that you had previously purchased on Amazon.

Reading and getting surprises in the mail – it makes kids happy!

Group Activities and Discussion Questions:

  1. Discuss the power of reading for kids.
  2. Poll students: What do they remember about getting books as a kid? What were some of their favorite books?
  3. Show Amazon’s Prime Book Box service to class: https://www.amazon.com/dp/B072J4QS9F
  4. Pricing is usually a complex topic. Discuss the six steps for pricing (determining objectives, estimating demand, determining cost/profit relationships, select price level, set list price, and make adjustments).
  5. Discuss the various pricing models in class: demand-oriented, cost-oriented, profit-oriented, and competition-oriented.
  6. Which strategy is Amazon using for the new service?
  7. Will this be effective?

Source: Brandchannel.com, other news sources

Leave a comment

Filed under Classroom Activities