Date post: | 07-Jul-2015 |
Category: |
Marketing |
Upload: | varun-nigam |
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www.floordepot.com.my
Presented by: Varun Nigam, Rohit Mahind and Ravi Garg
Established in 2001 in Puchong-Selangor, Malaysia.
Started with a single type of wood flooring called Laminated Floorboard imported from Germany.
Faced strong competition from the market in terms of price and distribution channel.
Foresaw the market demands in retailing and end-user market for reliable and easy access channels.
Investments in advertising and promotions were concentrated on trade brand building.
Core product: Interior decoration
Basic product: Flooring, fitting and fixing
Expected product: Service
Augmented product: Warranty and maintenance kits
Marketing Mix
Product
Place
Price
Promotion
Flooring Solutions
Retail stores & Online
Instant CashCoupons anddiscounts
Value based andAffordable Price
Geographic: Malaysia, Indonesia, China, Singapore and over 20 other countries
Demographic: Income Based
Behavioural: Occasions And Benefits
Demographic: Medium & high income People.
Behavioural: Those who want “Guilt-free” & natural products. (Company buys old products & sell them again after recycling).
S.H.E. (Save, Healthy and Eco-friendly)
5R – Revolutionary, Reduce, Reuse, Recycle and Resell
Floor Depot helps people save time with its interlocking wood flooring system. It only takes eight to ten hours to complete an area of 500 square feet. Customers can even walk on the floor immediately after installation.
Eco-friendly
Good quality
Affordable price
Variety
ILUX Lighting Sdn
ECOCMI
Ming Wuoy Decoration Company
Floor Depot takes back boxes after opening on site & sends them for recycling.
Has a wide spectrum of wood flooring collections.
Material certified by the Forest Stewardship Council (FSC).
Floor Depot has won these awards
Competitors would be –
Local ones & Which have online presence
Ego wall décor, Mumbai http://www.egowalldecor.com/
has dealers spread across India.
Specta Décor, Chennai -http://www.spectadecor.com
They’ll have to keep lower price.
Will have to strategize as per Indian consumer who is not rich.