Date post: | 24-Jan-2017 |
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Marketing Plan for a new Android App
MARKET OPPORTUNITY
Gov related apps doesn't play a significant role in the PlayStore market.
Quick, most effective and most efficient app to know about the Gov offerings for different sectors.
In this Smartphone generation with more and more policies overlapping one another, GOI Policies can be the app for to look forward to.
With very less number of apps in this category, there is a Lot of uncharted market potential in this topic.
GOI Policies : Be Updated
AIM
Goal is to make an Android information providing app more convenient, effective and personalised for customers
To Boost its popularity and number of downloads in various App Store’s
ACTION PLAN A Free and a paid App in all Major PlatformsResearch to find where the already existing
apps are lagging and update those thingsMotivate customers to be regular with their
knowledge related to the Gov Policies.Do this by updating regularly the information
coming officially by the government.Let them share this with their friends and
family to develop a competitive ecosystem
PLATFORM OVERVIEW As of the latest, Android has the
largest share of over 80% in Smartphone OS market
The Product portfolio of Google Play store is very diverse containing almost all
category of apps
Potential Customers
54
32
122
College StudentsYoung professionalsMiddle-agedOthers
Competitor AnalysisMobile App Analysis
Parameter Scoopwhoop Storypick Scroll.inRating 4.2 3.0 4.3
Downloads 50 thousand 50 10 thousand
Website Analysis
Parameter Scoopwhoop Storypick Scroll.inCountry rank 178 423 384
Total visits 17.20 million 7.70 million 4.20 millionAverage visit duration 00:02:20 00:01:47 00:03:26
Pages per visit 1.96 1.45 6.20
Opportunities
Explosion of information
Changing Smartphone use dynamics
More and more youngsters pursuing writing as a hobby
Lesser reliance on print media
Easy accessibility to Internet and presence of expandable storage leading to a greater number of regularly used apps
ThreatsCut-throat competition in online content industry
Threat of new entrants since there are no barriers to entry in this industry
Global players like BuzzFeed and Flipboard cementing their market position and increasing their market share
Not being able to get enough publishers and editors on board
Perceived lack of originality and innovation by the users
At least 1.5 million page views daily
Valuation of a minimum of $3 million USD according to visitor traffic
Estimated monthly revenue of $125,000
FREE VERSION
Our first Goal would be to reach 100,000 downloads for the free version on different platforms
Time limit for this will be at maximum of 3 months in the market
If this target is not achieved then major changes will be made in our app
PAID VERSION After reaching set number of target
downloads, advertisement will be increased in both free and paid app
Revenue generated from paid app will be spent in further innovation
If the number of downloads of the paid app doesn’t increase in 6 months, then more features will be added or even its price will be reduced
APP CHARACTERRISTICSCustomers can select the category in which they are interested
in seeking info. For eg. Education, Agriculture etc. The applicability conditions of each policy can be listed down in
points,so the user knows if the policy is of any use to him or not Better Analysis and representation by converting all the data
into easy-to-understand graphicsPersonalized UI design for convenient experience
COLLABORATORS
App DevelopersCommunication team or channels
linked for videosMutually benefiting association with
Start-upsAdvertising Partners
CONTEXT Technological- a new dimension to the
use of smartphonesEconomic- downloading an app saves
the internet usagePhysical- help people better their
lifestyle by providing easy exercise anywhere and anytime
VALUE PROPOSITION(FREE VERSION)
Accessibility to the different segments of policies and the corresponding details of policies.
Simple and effective categorised information.Information regarding the applicability of each
policies.Effects of each policies and pros and cons
associated with itKeep the screen on when any text information is
been shownNew policies prophesied and other upcoming gov
related predictions.
VALUE PROPOSITION(PAID VERSION)
Even more personalised interface by setting the geographical area, age etc
Sync with reading apps. Also available on kindle
Simulation of each policy for the individual and perform related mathematical calculations if any.
Other Gov information like status of a court case, documents reqd for different Governmental activities etc.
COMPETITORS The Biggest rival out there for us : ‘Government
policies of India’It aims at providing the same information
regarding the GOI PoliciesIt has an established user trust and provides
segmentation of the categories of policiesAccording to Customer reviews, the policies
are not up to date and not all of them covered.
POINTS OF PARITY Indented to provide the same core information,
i.e. The policies offered by the government.Categorised the different sectors of the policiesProvides info regarding the eligibility criteria and
the pros and cons of a policyDoes cover all the important sectors in this field
POINTS OF DIFFERENCE Online Social Hub where Premium members
can share their experiencesMore categories and covering every policy in
each category.Personalised Simulation of individual policy.Other governmental information available on
the same platformMore convenient and attractive user interface.
For Customers
For Collaborators
For Company
SERVICES Regular updates in the both Free and
paid version of the app Market App Effectively via SMS, Emails and blogs Creating a website for the app Immediate response on feedback Occasional sale on Paid version to attract more customers
INCENTIVESIncentives to rate and like the app’s
social media pages Refer the app to your friends & family
for limited app free versionCombo benefits in purchasing more
than one appWatch Advertising videos to unlock
new feature for limited time
Selecting the pricing objective
Determining Demand
Estimating Costs
Analyzing Competitors’ Costs, Prices, and Offers
Selecting a pricing method and setting the final price
Following Steps are followed in Setting a Pricing Policy-:
PRICING Pricing will not be permanent and will change according to
service roadmap and research upfront Psychological discounting- the ending with ‘9’ Combo offers for downloading multiple apps- such as 59c
for two apps, 99c for three Channel pricing – More for iOS compared to PlayStore Pricing Models such as – Free, Paid, Freemium, Paymium
DISTRIBUTION
INFRASTUCTURE App developers-• Keep upgrading the app• Keeping check of the Bugs
People contributing to the info in the app-• Find new info that can be added• Find more proofs of effective results to display
PROCESSESUsing the free app to promote the paid appKeep monitoring competitors pricesMaintaining Strong Word of Mouth via social media platforms.Collaborating with other well known apps like Government policies of India
SCHEDULEReleasing more apps for different segments and
categoriesIntensive Market Research to meet the need betterLogical difference between the free and paid appPricing StrategyBrand Communication to associated customersDon’t get complacent! Keep Innovating
RECAPAction PlanSituation AnalysisGoalApproachPricing StrategyExecution
Created by Rishabh Gupta, RCOEM , by Prof. Sameer Mathur, IIM Lucknow.during a marketing internship
Disclaimer