Date post: | 10-Aug-2015 |
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Marketing |
Upload: | sushant-arora |
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CORNSTARCH BAGS
BYAkshat Sinha 13A3HP030
Sarang Laxman Sorte 13A3HP013
Sushant Arora 13A3HP044
Pragati Sureka 13A3HP048
Vikrant Gosain 13A3HP047
SEGMENTATION
STAND ALONE STORES
UNORGANIZED SECTOR
ORAGANIZED RETAIL
• Sorted out corporate retailing is currently the quickest developing portion.
• Grocery store chains have multiplied in numerous neighbourhoods for instance Spencer’s, Reliance Fresh, Food Bazaar
• This area embodies the legislature oversaw Kendriya Bhandar neighbourhood stores and Mother Dairy Fruit and Vegetable outlets.
• Small stand-alone stores, typically owned by a single proprietor and usually located in demarcated market centres.
• Almost all these stores provided plastic bags free of charge.
• The thickness of these bags varied significantly with the type of product sold.
• Small grocery shops and fruit and vegetable vendors
• The third sector is completely unregulated.
• It consists of mobile vendors and also weekly evening markets or haats with temporary stalls selling fruits, vegetables, spices and a variety of other goods.
• These weekly markets usually service many Delhi slums, as well as some middle-class neighbourhoods.
• The plastic bags used by these vendors are ultra-thin, usually coloured)
TARGETING
Organized Retail
• Price insensitive• Government regulations already imposed towards the use
of plastic bag.• Corn Starch bags can have a deep penetration in such
segments because of the nature of it durability and social beneficial. Adding a flavour of cause marketing to this segments.
Stand Alone Stores
• Price sensitive• Flexible distribution system -highly spread-out market
segment. • The stand alone stores as well as the customers of such
stores have to be educated about the benefits of corn starch bags
Unregulated Segments
• The market is driven by non-licensed vendors and the consumer behaviour towards this segments can only be touched through CSR initiatives (Swacch Bharat Abhiyaan).
POSITIONING
Corn Starch Bags
Rural and Semi Urban
Cheapest, highly accessible and social
connect for well being.
Cost-effective, Easy accessible, Stronger than plastic bags and reusable
Urban
Innovative, Social, Hip, Responsible and visual
delight.
PRODUCT STRATEGY
Shopping
Creative Shopping
Bags
Store Branded Bags
Carry
Small Packs Home Bags
Fashion Bags
Fashion Every Second
PRICING STRATEGY
Shopping
Creative Shopping
Bags
Store Branded Bags
Carry
Small Packs Home Bags
Fashion Bags
Fashion Every Second
Premium PricingRs. 200
Market Oriented PricingRs. 10
Market Oriented PricingRs. 10
Market Oriented PricingRs. 20
Premium PricingRs. 40
PLACE STRATEGY
• Plastic Bags are Banned in Indian Cities that open up the markets for other bio degradable bags• Based on the occupancy cost, location of competitors,
closeness to target markets and the exposure needed to business, the business can be set up in pocket cities around tier one and two cities.• Cities in focus are:
Mumbai Kawar Tirumala Vasco Rajasthan Delhi
PROMOTION STRATEGY in Brief
• Since Corn starch bags are targeting retailers and stand-alone shops the promotion mix will be focused majorly on direct marketing strategies.• The other strategies to be utilized are• Personal Selling• Sales Promotion• Public Relation• Corporate Image
1 Year Promotional Timeline for Brand Building
The 1 year timeline for the brand building was divided into following phases:
Pre-Launch Stage – January to March
Launch Stage – 5th of June i.e. World’s Environment Day
Post-Launch Stage – Mid of June till December end
Pre-launch promotional activitiesJa
nu
ary
Curiosity Development through Informative TVC
Feb
ruary
-A
pri
lGetting Opinion/Expert Leaders for Discussion
Feb
ruary
- A
pri
l
Discussions on various Online platforms
Ap
ril -
May
Curiosity development through Print Media
May
Putting up Hoardings
Launch stage promotional activities
Launch the product on World’s Environment Day on 5th of June
Turn Product Launch into an Event with Huge Media Coverage & Online Streaming
Lunch the products in Retail Stores - Big Bazar, Shopper’s Stop, Pantaloons, Walmart’s Best Price, Spencer Retail, More etc.
Giving free corn starch bags to the customers on the day of Launch
Free delivery through Online Stores like Big-Basket
1
2
3
4
5
Post-launch promotional activities
En
tire
Peri
od
Mid
Ju
ne
En
tire
peri
od
Mid
Ju
ne
En
tire
Peri
od
TVC of the Product Print
Advertisement Discussi
ons by experts Online
Discussions
Giving demos to new period and feedback from existing customers
CREATING BRAND AWARENESS
Creating a documentary and spreading it online through social media and websites.
Tying up with municipal corporation and garbage collection authorities.
Building up awareness through the “Swacch Bharat Abhiyaan” initiated by the government.
Tying up with big and medium-sized companies and motivating them to promote it as a part of their CSR activities.Creating awareness through various pre-launch and launch promotion activities.
BUILDING BRAND IMAGE
Highlighting the benefits of the product over plastic bags.
Positioning the bag clearly in the minds of the consumers.
Showing some testimonials of consumers using and benefitting from these bags.
Conveying the advancement and enhancement in the environment occurred because of the use of such bags.
Highlighting the use of corn starch bags by big multinational and domestic companies for the reduction of pollution.