rewaj

7/27/2019 rewaj

http://slidepdf.com/reader/full/rewaj 1/19

7/27/2019 rewaj


2

1 INTRODUCTION 4

2 ENVIRONMENTAL ANALYSIS 4

2.1 EXTERNAL ENVIRONMENTAL ANALYSIS 4

2.1.1 POLITICAL 5

2.1.2 ECONOMIC 5

2.1.3 SOCIAL 5

2.1.4 TECHNOLOGICAL 5

2.1.5 LEGAL 5

2.1.6 E NVIRONMENTAL 5

2.2 INTERNAL ENVIRONMENTAL ANALYSIS 6

2.2.1 R ESOURCES (CAPITAL) 6

2.2.2 R ESOURCES (PEOPLE) 6

2.2.3 ORGANIZATIONAL STRUCTURE AND CULTURE 6

2.2.4 PRODUCT DEVELOPMENT 62.2.5 TRAINING 6

2.2.6 SYSTEMS & PROCESSES 6

3 CUSTOMER SEGMENTATION AND MARKET ANALYSIS 7

3.1 COMPETITOR ANALYSIS 8

3.2 SWOT ANALYSIS 9

3.3 K EY ISSUES 10

4 MARKETING OBJECTIVES 10

5 MARKETING STRATEGY 11

5.1 STRATEGIC OVERVIEW 11

5.2 TARGETING AND POISONING STRATEGY 11

5.2.1 PRIMARY CUSTOMERS THEIR KEY INFLUENCERS, DECISION MAKER , AND ECONOMIC BUYER 12

5.2.2 PRIMARY USERS 12

5.3 POSITIONING, VALUE PROPOSITION 12

6 PRODUCT STRATEGY 13

6.1 PRODUCT PORTFOLIO 13

6.2 PRODUCT / SERVICE ANALYSIS 13

7/27/2019 rewaj


3

6.4 COMPETITIVE PRODUCTS, AND ANALYSIS 14

6.4.1 DIRECT COMPETITORS 14

6.4.2 SUBSTITUTE PRODUCTS/SERVICES 14

6.4.3 POTENTIAL NEW MARKET E NTRANTS 14

7 BRAND STRATEGY 15

8 PRICING 15

9 INTEGRATED MARKETING COMMUNICATION PLAN 16

9.1.1 ADVERTISING ACTIVITY 16

9.1.2 DIRECT MARKETING ACTIVITY 16

9.1.4 O NLINE ACTIVITY 16

9.1.7 EVENTS ACTIVITY 16

9.1.9 R ETAIL SUPPORT AND OTHER COLLATERAL 16

9.2 MARKETING AND PROMOTION BUDGET 16

10 DISTRIBUTION STRATEGY 17

7/27/2019 rewaj


4

MARKETING PLAN

1 INTRODUCTION “R EWAJ ” Its Easy to be Trendy

Clothing is a beautiful visual demonstration of the social and emotional needs of people

wearing it. It also portrays in a clearly understood visual manner, what people of different

cultures and styles want socially. Fashion, through times, has gone through many rapid changes

and bizarre extremes that it has examples of nearly every kind of clothing function.

However in a boutique business the specifications and description of the designs and clothes

are so general that they can fit more than one customer, which actually are quite different from

each other in nature and this is solely dependent on the taste of the people.

Similarly in our boutique we are going to provide the highly trendy and fashionable clothes

first time ever in the history of Bahawalpur. Right now our main focus is on women aging 20 to

55. But in the near future we are having plans to expand it to other segments as well. We are also

having plans to open the men boutique under the same name in near future. We are focusing

businesswomen, and housewives finding less time from their work to stick to the fashion

magazines, TV and others. We will provide them the platform where they can come select thetrendy ones and feel confident in their circles.

Mission:

“Satisfying our customers by providing them best qualitative stuff and unique designs

keeping in view their comforts and excellence”

2 E NVIRONMENTAL A NALYSIS

2.1 EXTERNAL E NVIRONMENTAL A NALYSIS By the careful external environmental analysis w find out the following factors important

to consider in order flourishing in the industry

7/27/2019 rewaj


5

2.1.1 P OLITICAL

Pakistan is very instable political country. We are having laws but no enforcement at all. This

thing is devastating for any industry. Elections run through almost every year although for none

but for many reasons. Every government brings new rules and policies. Even different political

parties are against fashion industry like MMA. Taxes, FEDs and other import duties are being

imposed making hard to survive. Despite of all these fashion industry is flourishing and

renowned in the world.

2.1.2 E CONOMIC

Inflation rate in Pakistan is rising every year. In 08-09 it was 22.3% that was 10.3% in 07-08.

This is very point of tension. Interest rates are other freaky thing. And the recent world recession

though had less impact on Pakistani economy yet has its importance. These things are like

hurdles in fashion or in any industry. The price wars are also of great important. Countries with

high technologies are striving with low prices dragging developing countries towards down.

2.1.3 S OCIAL Pakistan is the 6th largest populated country of the world. Due to the increased literacy rate and

advanced media people are aware of new trends and fashions. Due to the entrance of foreign

market tastes of people so as living styles are being changed. People are becoming more fashion

conscious and careful in their selection. Advanced telecommunications has improved sociability

of the people. At the same time religion is on the move. These all things has a great impact on

fashion industry as people are more aware of their needs so as to satisfying them.

2.1.4 T ECHNOLOGICAL

Though fashion industry is not technology driven but in ever dynamic and global market it’s now

being essential to prosper in the technology area. Now a day without technology success seems

far. It’s a great tool of competitive advantage and a source if brand equity as well. The concept if

e-business is having great impact on fashion industry. Enhanced Internet, mobile and media

activities are gaining much importance in the fashion world.

2.1.5 L EGAL

Certain legal acts can’t be left as unimportant. Different business laws should be kept in mind to

abstain any problem in the future. Though there is no enforcement of laws in Pakistan but laws

are of great importance. In the recent government many new laws are made. Different trade

policies with the neighboring countries are signed. These all things according to us should be

considered in the business.

2.1.6 E NVIRONMENTAL

Weather has a great influence on fashion or apparel industry. But weather in Pakistan is not

changed unexpectedly. But the electricity crisis are of great important so as devastating.

7/27/2019 rewaj


6

2.2 I NTERNAL E NVIRONMENTAL A NALYSIS Following are the factors considered as internal

2.2.1 R ESOURCES (C APITAL )

*10 Million

(* See key assumption for utilization of resources in the last page)

2.2.2 R ESOURCES (P EOPLE )

14 (1 Graphic designers, 2 sales girls, 5 tailors, 1 iron man, 1 dyer, 1 office boy, 1 guard,

2 sweepers/ peon)

2.2.3 O RGANIZATIONAL S TRUCTURE AND C ULTURE

Dynamic yet friendly

Top management decisions

2.2.4 P RODUCT D EVELOPMENT

Design

Pattern making/ cutting

Stitching

Finishing

Presenting/ market

Proposed capacity

2.2.5 T RAINING

Required in order to give familiarity with new trends and styles.

2.2.6 S YSTEMS & P ROCESSES

In-house and outsourcing stitching (buttonholes and elastic embedding will be outsourced)

Contracted designers

Stitching machines 3

Working hours 8

7/27/2019 rewaj


7

Rent out outlet (as per following infrastructure components)

3 CUSTOMER SEGMENTATION AND MARKET A NALYSIS

Following is the demographics of Bahawalpur according to census bureau Pakistan 1998

Gender: women

Social class: upper middle class

Age: 20 to 55

Housewives and workingwomen are main focus

Demographics House wives, Professional woman, college or uni girls (ages 20-55)

Household income over Rs 90,000/year

College-educated

Lives in a higher-income Bwp neighborhood

Psychographics Looks for bargains (seasonal fashion) but willing to spend money on quality, core items

Would like more time or help in understanding what clothing is right for her

7/27/2019 rewaj


8

She wants to look her best because she wants to feel good about herself as well as make agood impression at her job

Leisure Activities Supports the Arts

Reads the news, dawn, Daily post, Fashion magazines

Watches style 360, F Tv, geo, Hum etc

Internet user

She enjoys eating out as well as taking time for herself

Total Market Size in terms of sales and people

25%

Market Growth Rate:

Market is growing rapidly as more and more women are being fashion conscious.

Market Micro-Segmentation:

Housewives, working women and University girl

Typical Buying Needs:

Clothing

Key Publications:

www.rewaj.com.pk , newspapers, fashion magazines e.g: “SHE”

Key Trade Events:

Conferences on fashion awareness, and shows in universities and colleges, exhibitions in Multan,

Lahore, Rahimyar khan

3.1 COMPETITOR A NALYSIS

Analyze the size and intensity of the competitors in the target market(s) and describe the major competitors in the target market(s) and their major strengths and weaknesses as per following

format.

http://www.rewaj.com.pk/



7/27/2019 rewaj


9

3.1.1 W AHID C LOTH HOUSE AND BOUTIQUE

Strength #1 dealing in almost all categories of women suiting

Strength #2 different shops for different category

Strength #3 Dealing also in men suiting

Weakness #1 no mission statement

Weakness #2 inside bazaar congested area

Weakness #3 Stitching problem

Weakness #4 late delivery

Weakness #5 customization problems

3.2 SWOT A NALYSIS

Strengths

Good and high quality machinery

Exclusive outlet

Highly qualified staff

Adaptability to newness

Diverse brand portfolio

Weaknesses

High rates and prices

Less supportive financial and govtinstitutions

Lack of idea sharing

Opportunities

Expand into emerging economy

Enter new product market

Acquire more market

Threats

Lack of knowledge

Brand cannibalization

Substitute

New entrants

7/27/2019 rewaj


10

Competitors

Political instability

3.3 K EY ISSUES

First the company has to focus on

Lack of knowledge

Acquiring more markets

First time the boutique like ours is being introduced in Bahawalpur. It is very much necessary toconvey about boutique, generate awareness and make people know about the benefit of boutique.

Second increasing the length of business is crucial to every business. Entering into the new and

potential market is very much important. So finding new prospective market is also important.

4 MARKETING OBJECTIVES Objectives:

Non-financial objectives:

To be among the top ten favorite brands

To add new designs in every season

To drive awareness and build sales through mentions in both local print and the nation'stop fashion magazines

Financial objectives

To maintain an inflation growth in earning per year at a rate of 12%

To obtain a return on equity of at least 30%

Providing stitching facilities to other boutiques in 2012 who are lacking this facility

To maintain profit margins at 15-20% through close attention to expenses and cost of goods sold

7/27/2019 rewaj


11

5 MARKETING STRATEGY

5.1 STRATEGIC OVERVIEW Due to the demand for up-to-date fashions, inventory turns are projected at 5

From the above projected overview it is obvious that business is heading towards growth.Which

is a prosper sign for boutique business.

5.2 TARGETING AND POISONING STRATEGY

If you were to overhear women talking in a dressing room, you would more than likely

hear them comment on something they've tried on and question how they should wear it or whatit will go with in their closet.

Research has shown that women are stressed, have little time to shop, and would generallylike help in determining the right clothes and styles to wear. With over 61 million U.S. women between the ages of 25-54 spending over $34 billion in apparel each year, there are sure to besome mistakes made in clothing choices.

Television shows such as BBC's "what not to wear" and Style's "Fashion Emergency"clearly speak to a woman's confusion about what looks best on her. Even women who can afforda professional stylist feel helpless and often jokingly request that their stylist come to their homeevery morning to help them get dressed.

"Within a decade, the companies that do the best job of marketing to women will dominate everysignificant product and service category." -Faith Popcorn

Target: Women

Position: Time; less time to find latest and trendy fashions in a single place. Without utilizing

much energy, effort etc

7/27/2019 rewaj


12

5.2.1 P RIMARY CUSTOMERS THEIR KEY INFLUENCERS , DECISION MAKER , AND ECONOMIC

BUYER

Both primary and secondary customers are women, key influencer is woman, Decision maker is

woman, and economic buyer is woman and man.

5.2.2 PRIMARY USERS

Both primary and secondary customers are women

5.3 POSITIONING, VALUE PROPOSITION

Describe how you will differently position your product form the competitive products.

Positioning Statement

“Rewaj” Boutique provides women with upscale designer clothing and exclusive

personal services. Our main competitive advantage is the unique Style Assessment and education

emphasis in helping women develop their personal style.

Brand Positioning

“Its Easy to be Trendy”

As the name and logo suggest that women can come to the boutique to learn aboutthemselves and experiment with their personal style. By these meanings, Rewaj looks to be theleader in providing exceptional service and assistance for women's fashion needs. The eleganceof the name suggests the types of clothing and accessories that will be featured.

Brand personality

Innovative | Stylish | Contemporary | Modern | Fresh | Approachable | Elegant

The overall brand per sonality of “Rewaj” aspires to be fashionable, customer -oriented,innovative, refreshing, stylish and educational. The boutique is a place where women can go totransform themselves with beautiful clothes and take advantage of the Style Assessment andother services that help them determine the right clothes for their unique selves. We are a shopthat educates. We help women learn about the designers, gather with their friends, and have funduring the process. We not only carry items that help them look good, but we also help our

7/27/2019 rewaj


13

customers maintain these items. Owners will work with their top design advisors to create theatmosphere, colors and wording that encapsulates these thoughts.

6 PRODUCT STRATEGY

6.1 PRODUCT PORTFOLIO

Product Class: Fabric/ clothing

Product Category:

Casual Wear

Semi Formal Wear

Formal Wear

Product line:

Each product line will have the following product lines

Ethnic wear

Contemporary Wear

Western Wear

Product Mix

Category Percentage of total

outfit

% Cost of sales

Casual Wear 34% 35%

Semi Formal Wear 33% 32%

Formal Wear 33% 30%

6.2 PRODUCT / SERVICE A NALYSIS We are focusing on casual, formal, and semi formal in which we will be giving contemporary,

ethnic, western. Our main focus would be on latest trends. We will try to give the best quality,

colors, designs, fabric and so as the best environment that women will find ease and would surly

love to buy form our boutique again after first buying. Our clothes will appeal image conscious,

fashion aware, and choosy type of women. Women will feel high among their social circle.

7/27/2019 rewaj


14

Estimated annual sales: 40lac

Estimated profitability: 25lac

Market Growth rate: 10% as the increase in incomes and awareness in the gentry.

Geographical scope: Bahawalpur is a trade city. Nearer cities to Bahawalpur are Multan,

Sadiqabad, Rahimyarkhan, and Ahmadpur. Moreover Bahawalpur is developed city as compare

to most of these cities. So this city has vast coverage. And people can easily come to our

boutique.

Consumer buying process: due to the less markets and shops people find ways to festive.

Normal trend is that women love to buy visiting the market. In our outlet they would love to

cone and buy.

6.3 COMPETITIVE PRODUCTS, ANDANALYSIS 6.3.1 D IRECT C OMPETITORS

6.3.1.1 Competitor 1 – ENTER COMPETITOR NAME

6.3.1.1.1 Contact Details:

Address: Wahid Clothe house and boutique, Chowk bazaar, Shahi bazaar, Bahawalpur

Telephone: 0622288745

It is the only considered competitor yet it is far behind competition. But its proposed plan

can be bring it into hard competition. Right now they have captured the highest market share.They are having boutique whereas they accept alteration and made on order as well. Though they

are not having any website, mission or vision statement but they have prospered. They are even

selling in Lahore market but on minimal level. Their prices are moderate to high and their

products are perceived as of high quality. The perceived weakness they are having is of

congested area, lacking in quality of fabric and sometimes in stitching, whereas perceived

strengths are of dealing in men suiting, having different shops for different categories and

owning large area.

6.3.2 S UBSTITUTE P RODUCTS /S ERVICES

Traditional tailors can be substitute one. Where traditionally women go and made dressesaccording to their desire though not of high h quality but do.

6.3.3 P OTENTIAL N EW M ARKET E NTRANTS

Possible new entrants can be those small boutiques working on small level right now not having

much investment but got experience like Fashion ghar, Huma silk center and small home made

boutiques

7/27/2019 rewaj


15

7 BRAND STRATEGY We brand our product with brand laddering: emotional brand laddering, our product is of

image conscious wich requires highly image positioning

Our boutique focus on latest trends and less time to reach them. Woman can get what

they want without any problem and with great ease. We are providing value, image,

elegance and style of what woman are hungry.

Brand name: Rewaj suggesting that what is in the fashion. Easy to pronounce and easily

accepted all over the Pakistan without any discrepancy. We can even extend our boutique

to men under the same name this name has no limitations.

Logo: needle and thread expressing the nature of business. It is memorable generating

loyalty and protectable. Adaptable to any culture. And having no cultural problem all

over the country. Similarly have no limitations. Acceptable for both genders.

Color: red and black. Quite neutral color easily memorable and associations can be

developed without any problem. The R written in capital font and with red color getting

attraction and attention.

Slogan: It’s easy to be trendy positioning on time and easy to memora ble. Also it delivers

that we are giving what ever is in fashion and is in. It is also protecable and acceptable in

culture.

Symbol: girl wearing contemporary dress. Focusing on latest designs and fashion. And it

also shows that boutique is of women. Women can generate associations with thesymbol.

URL: www.Rewajtrend.com.pk available url easy to remember and protectable.

8 PRICING Pricing is set according to market indicators. Set in such a way that it covers cost and generate

revenue for the boutique. In the start it requires lower prices in order to penetrate in the market.

Than high the price for the assurance of high quality as it is perceived.

http://www.rewajtrend.com.pk/




7/27/2019 rewaj


16

Version Upgrade/Competitive Upgrade Matrix

Product Intro.

Prices

Rs

Af ter a 9

months

Rs

Proposed competiti ve

price for futur e.

Rs

Casual wear 3000 3500 2900

Semi formal

wear

4500 5000 4200

Formal wear 15000 18000 16000

9 I NTEGRATED MARKETING COMMUNICATION PLAN

9.1.1 A DVERTISING ACTIVITY

Newspaper advertisement will be done, banners, posters, brochures and cable TV ad will also be

used.

9.1.2 D IRECT M ARKETING ACTIVITY

Catalog marketing will be used, direct mail are also considerable

9.1.3 O NLINE ACTIVITY

www.rewajtrend.com is our website we will provide online purchase facility.

9.1.4 E VENTS ACTIVITY

Exhibitions will be arranged, participations in fashion shows will be done. And seminars on

fashion awareness will also be arranged.

9.1.5 R ETAIL S UPPORT AND OTHER C OLLATERAL

Brochures, and key chains will be designed written rewaj on it.

9.2 MARKETING AND PROMOTION BUDGET Marketing activities are important generating awareness. More the money spend more effective

the activity will result.

http://www.rewajtrend.com/



7/27/2019 rewaj


17

The total cost of all activities will be of 2 million and it will increase sale 5 times. More and

more people will be aware they will attracted towards product.

10 DISTRIBUTION STRATEGY Manufacturer

Customer

Direct chain as we are having both backward and forward integration.

Selectivity

Shopping good so exclusive outlet and selective distribution as product is of high image.

Waiting and delivery time

Product will be available in the outlet so customer doesn’t have to wait for the delivery.

Variety and Assortment

We will provide this as we are dealing in three categories; casual, semiformal, formal

Information provision:

We will provide training to our employees so that they can facilitate the customers as much as

possible.

Following flows would be performed to produce the above services outputs. These flows would

be performing from manufacturer to consumer through whole seller and retailer.

Physical possession

Ownership

Financing

Risking

7/27/2019 rewaj


18

Negotiation

Promotion

Ordering

Payment

Channel Function and Flows

A marketing channel performs the work of moving goods from producer to consumers. It

overcomes the time, place and possession gaps that separate goods and services from those that

need or want them. It perform number of functions:

They gathering information about potential and current customer, competitors, and other

actors and forces in the marketing environment.

They develop and disseminate persuasive communication to stimulate purchasing They

place an order to the company They provide for the successive storage and movement of

the physical products.

7/27/2019 rewaj


19

Key Assumptions

Date post:	14-Apr-2018
Category:	Documents
Upload:	irem-sheikh
View:	221 times
Download:	0 times

rewaj

Documents