Thursday, April 22, 2010
Interview of Mark Zuckerberg- CEO of Facebook
Where's the Message
Communication holds the key in any advertisement, not the characters or the medium. It’s surprising how brand managers fail to understand this thing and get carried away by the glamour quotient in the ad. Recently there have been many high budget ads which are entertaining enough but fail to communicate the message to its audience.
The high budgeted ad of actors like John Abraham, genelia d souza, abhay deol in the LG cookie ad try hard to explain the social networking feature of the phone, but the message is somehow fail at it. All you can understand is they are making fun of their friend Abhay. I wonder do the advertisement guys pre-test the ad before airing it. This ad has all young achievers which is in likes of the target market but miserably fails to transcend the message.
Smitten by the IPL almost all the brands have cricketers in it with out any association with the brand. what has yuvraaj to do with classmate notebooks?? Will he ever use it ? This ad is great and fresh but doesn’t need yuvraaj who doesn’t look young unlike the other actors in the ad.
The new TATA DOCOMO ad of VAS reverse caller tune which is on air these days suffers from the same glitch, the ads are funny but don’t carry the message. The ad featuring an interviewer interviewing a young student who is careless and cool is funny to see how he reacts to the questions in a careless way and all of a sudden the person offers him a job ???? Surprising!! The voiceover says “hear what you want to hear” and the audience is lost, unclear of the message.
The previous ads of TATA DOCOMO, animated words and the friendship express had a good liking and were enjoyed by the target group. This new ad is cool but doesn’t explain the benefits of the new feature, this VAS needed explanation as this feature is first of its kind in the Indian VAS market. It should have explained this new feature to create awareness. This ad wouldn’t be bad if it was a reminder ad.
Monday, April 19, 2010
Is Twitter The New Journalism
The advent of twitter has reduced the operational expenditure of the media companies as journalist no longer hunt/run for news to various places, they get their news right in front of their computer on their screens. How ??
Step 1: Open a twitter account
Step 2: Follow all the controversial personalities, corporations and news agencies all over the world
Step3 : search it on the blogs,google and twitter feed and make a story
News comes directly on their twitter page and can easily make an issue of the tweets without sometimes understanding the context in which it has been said. And the most targeted man is shashi tharoor who has been in the news these days for his IPL and modi controversy, the birth of this controversy was the 140 character typed by Modi on his twitter account. The tweet has done enough damage to both tharoor and modi leading to resignation of tharoor and CBI enquiry on Modi and IPL. That’s the power of this medium
Internet empowers the common man as he blogs or tweets the news as an when it occurs promoting citizen journalism. Few issues appear faster on the twitter rather than news channels or any other media. Many events like the death of Michael Jackson, tiger wood controversy, pune blasts etc were first released on twitter as people tweeted and it spread much faster. Corporations these days tweet their financial results first on twitter, both the journalists and common man get access to news at the same time
How twitter has changed journalism
· Journalist directly interact and pose questions to the person/company/government
· Journalist get the public opinion directly from the audience
· Citizen journalist give the latest feed of events and journalist rename it as breaking news
Twitter has actually empowered the common man as he can directly interact with brands, corporation and leaders and news spread much faster on twitter with just a retweet. The media landscape is completely changing and the day is not far when companies will provide news only through tweets or retweets by citizen journalists.
Thursday, April 15, 2010
Ready for a new Avatar with Gojiyo
Second life was successful as it allowed the users to have their own avatars, as well as brands to have their presence in the virtual world, like the real world this had counterfeits of luxury brands as well. in secondlife brands don't come for free they have an own currency which is exchanged by real currency. the game was highly successful as it allowed users to replicate all the things which they did in real world and also it allowed the users to control or do things which they cant do it in real world due to social norms.
Go-jiyo is a good effort by godrej as it has a host of products which can be placed in the virtual world and whether the indians would adopt this or not depends on the user interface and the excitement factor which would bring back the user regularly on the site. Social gaming site are quite famous as they allow users to share and compare their score with others. facebook has successfully tied up with app developers to develop applications for facebook, Zynga's farmville is an excellent example of social networking games. riding high on success of farmville zynga has launched many other games like fishville, mafia wars,yo ville etc. the success of social gaming sites depends on the following factors
1) Uniqueness of the concept : you should be the first one to launch, there is no room for the second player
2)Interactivity : it should allow users to interact with other players
3)Compete and share: This platform should rank the performance of the user and share it with their user.
Integrating Gojiyo with facebook is an excellent option as the user has all his friends on it and can invite and share his ranks with his friends, other advantage would be the user need not register again or log into some other site to play once he logs in through facebook he can play the game.
Website review
The site looks cool and has decent graphics the names are indianised. the major challenge would be to bring in traffic to the website and create awesomeness for the user, only then would he come back to the website. The only problem is the low bandwidth and lack of internet penetration in india would take time for people to don another new avatar.
check out the youtube videos of gojiyo here
Wednesday, April 14, 2010
Branding Commodity
Monday, April 12, 2010
Brand Story- Fastrack
Fastrack is one of the best Indian brand I adore, started in the year 1998 as a sub brand of TITAN went ahead to be as big as the parent brand TITAN. Thereafter it was launched as an independent brand removing the Titan tag from the brand name. The brand mantra of Fastrack is affordable fashion for the youth.
It tapped in a market that was fresh and relatively untapped by understanding the right need of providing the youth fashionable branded accessories which wouldn’t hurt their pockets. True to their promise, fastrack has consistently come up with new designs at an affordable price. The success in watches led to brand extension into other accessories market ranging form sunglasses, belts, bags, caps and wristbands and today it’s the largest selling sunglasses brand. Its promos were catchy, the campaigns 'how many you have men" and "move on" tapped the right emotions.
The brand has big plans as it has expanded its distribution network apart from selling through TITAN stores, It now retails through store-in-store models, watch retailers and other departmental stores. It has started their standalone retail shops of fastrack products at all the major cities and aim to reach 50 stores by this year end. This is one brand which has got its STP right. The TG is trendy, ambitious, thinks big and wants branded stuff which their friends recognize and fastrack priced it rightly with watches starting from 699/-
Whats Next ??
Fastrack has excellent brand recognition across all its products and is a cult among the youth, the brand should start a new campaign promoting their website and allow users to build their own communities across all its products. This would serve following purposes
1. Create loyalty for its products and Enable communication of proud Fastrack owners using similar products.
2. A platform to upload their pics on the site (sporting Fastrack products) and allow other users to rate & comment on how cool they are!
3. When the user logs in, the brand can promote its new collection, In this way it can cross sell to its existing base of loyal customers.
Saturday, April 10, 2010
Why I chose Jumbo ?
- Mini 45
- Regular 55
- Jumbo 65
Thursday, April 8, 2010
The New Identity of India
Wednesday, April 7, 2010
I-PILL Success Story
Not many know what an emergency contraceptive pill is, but ask what an i-pill is ? you'll possibly get a reaction, now thats the kind of brand recognition i-pill has crafted for itself in India ,the brand from cipla which exited from the OTC (over the counter) business to concentrate more on the prescription drugs which is Ciplas main business.I-pill was sold to Piramal health care for a whooping 100 crores, an amount paid for the superior brand image.
Piramal's other brands are lactomine, supractiv Complete, Saridon and polycrol antacid all are otc(over the counter) drugs which are sold mainly through pharmaceutical shops and the latest i-pill would fit well in piramal's stable of brands benefiting from the existing channels as i-pill is an OTC drug and sold through the same channels which piramals products are sold. I-pill was instrumental in creating a new category for the contaceptive market and had campaigns and BTL advertisements to promote the brand and they were quite successful at it. i-pill was able to create a market of 100-150 crores within few years of its launch with an annual growth rate of 250%.
The advertisements were crafted carefully as pregnancy and abortion are sensitive issues in India. The advertisements used fear appeal and mainly targeted the young couples in the age group of 24-35 who feared getting a child and those who fear of unprotected sex. The advertising was done through tv, print and outdoor publicity followed by an interactive website 'ipillcipla.com', to educate consumers about the product. But the company had to fight many allegations as the age group of 18-24 were increasingly taking this pill for other purposes, following this news many trust wanted to ban this drug claiming that it was being misused by many. Brushing aside all these allegation supreme court rejected the petition to ban these drugs.
The success of i pill can be attributed to the advertisements and an integrated marketing campaign with a strong distribution network , they had their STP and consumer insight right which made i-pill a category and a generic name for contraceptive pills in India.
Tuesday, January 26, 2010
Services Marketing and Customer Delight
The reason why they exceeded our expectation can be explained by the concepts of services marketing, in the marketing mix of services the people and process are very important along with the traditional 4p's
People SDM-IMD students as volunteers did an excellent job in hospitality and their service delivery exceeded our expectations
Process The whole process of welcoming teams allocating rooms and conducting events was planned and executed well,leaving no room for error.
This year i was called by their representative for conformation for the team from Alliance and as the event coordinator was speaking about the event, interrupting the talk i said her how wonderful our last year trip was and we'll surely communicate and send the team this year too. thinking about the trip it self excites me and my perception about SDM-IMD is excellent and as a delighted consumer i share my experience with others.
I wish i could attend Naissance this year too, but mind is pre-occupied with something else.
Good luck Naissance team.. !!!
Saturday, January 23, 2010
Jo Dikhta Hai Wo Bikta Hai
How did Varun decide to buy Orangeon ?
Browsing through the store a unique bulb shaped bottle caught his attention.Varun was more excited about the new drink than the producers of the Drink . It was priced high compared to other drinks in the shelf at Rs 30 ,,later he realised it was made out of the orange peel, reluctant to abandon it Varun suggested everyone on his way for a sip and every one had the same reaction as of his...
In the refrigeration shelf of the store there were many drinks both national and regional brands battling for consumers attention. Strategically located where the drinks from the two Major brands Coke and Pepsi. But there were many regional brands out there which the retailer was selling, Brands which never heard of like Bindu jeera Masala soda, Rani,Sip on etc
Bindu Jeera Soda and Sip On are brands from the Shankar group. The group is into the beverage business and has mineral water,milk shakes,aerated drinks,and soda in its product line. Many in the campus have tried Bindu jeera soda. reasons are the unique name of the drink. The name is funny to many and jeera soda is a traditional drink Indian drink loved by many, Bindu is the first packaged jeera soda and the marketing wing of the group has done a smart thing, Instead of using traditional media like the mass media which many cola companies do, Bindu jeera soda is not advertised any where instead the company concentrated on the 3 P i,e PLACE (Distribution) they have a strong distribution network, they have flooded every shelf in the retail store and they are tapping the channel partners to sell these products. and if you think why will the retailer sell Bindu jeera soda, when he has brands like pepsi and coke which provide the refrigeration equipment and also manage regular stock.. The only reason is better Margin, huge cola brands cut on the retailers margin as their brands have a better pull (demand)from the customer. this is not the case with Bindu jeera soda as they are paid better.
The group has leveraged on the Bindu brand and has made extension into mineral water and other product. Distribution networks/ channel members are very important for a brand success as they influence the decision of the cosumer and research tells that 1/3 of the buying decision are made inside the store.hence most of the regional brands use this 'P' place to sell the products of the shelves and Bindu is such example of it.
Friday, January 22, 2010
Wednesday, January 20, 2010
Pricing Strategy For FMCG Products
Sunday, January 17, 2010
Branding of Reliance Jewels
Imagine you are buying an expensive jewelery, and given two choices either to buy it from Tanishq or Reliance jewel..where would you buy it from ???
For most of them the answer would be Tanishq and not Reliance jewels.. the reason for this could be the imagery which Tanishq has created for itselves through years.Jewellery being a product where testing and the chances of being cheated and manipulated being the highest, people prefer going to the most famous vendor in the town and they don't mind spending an extra buck for that.
You can validate this just ask your family members where do they buy their jewelery from ? they might buy it from the person who has been in the jewelery business for long or the store which is the most popular in the town and tanishq if given a chance. Now the Brand Tanishq was positioned as a premium luxury jewelery brand, supported by the strong brand equity of TATA's and people associate TATA's with trust.. hence tanishq leveraged the name of TATA's to gain equity of Trust..now that was a smart move.where as reliance is also trying to do the same but the fact, that Reliance is not a brand which is high on trustworthiness could hurt the positioning of Reliance jewels..lets understand the history of the brand Reliance.
Reliance industries known for its huge size and varying interest from petrochemicals to retail has expanded its footprint into the retail sector. with many sub-brands under it Reliance fresh,Reliance time out,Reliance footwear, Reliance jewels and many more and is on an expansion spree..Reliance as a brand is not associated with trustworthiness, people associate it with value for money, but not as a brand that's sincere where as TATA's as a brand rates high on the sincerity level. In branding there is a principle of prominence which states that the relative prominence of the brand element or elements determine which element or elements become the primary one and which become the secondary ones.Reliance uses a Equal dominance strategy where in both the parents(Reliance) brand name and the individual entity under it(jewels) have equal importance where as TATA's promoted Tanishq as a single entity.
Hence in the Reliance retail its the brand reliance which is prominent and hence become prominent where as tanishq was more prominent hence brand TATA became the secondary one. It would make more sense for Reliance to use a single entity branding(creating a new name) rather than going for mixed dominance as the Reliance brand would dominate the other identity.
Naming the grocery store as Reliance fresh is a smart move but not Reliance jewels, as jewelery is an high involvement purchase and people don't want to take risk..where as the consumer in a Reliance fresh outlet looks for value and as mentioned earlier brand Reliance stands for money. Reliance to be successful should slowly shed the name Reliance and find out a new name that stands for luxury/sincerity...
Mukesh Amabani are you Listening ???
Saturday, January 2, 2010
Brand Extensions
Samsung the south korean electronic and consumer durable is giving a tough time to the market leader Nokia and other rivals in this mobile handset segment,presently Nokia is the world leader in Mobile phones, followed by samsung,Lg and sony ericsson, In the smart phone market its RIM's blackberry's,apple's I phone and Htc making news with many companies trying to enter into the space as this is where future lies and soon to be used as computer as these smart phones do a lot of work and functions of computers.
Samsung's launched its Corby edition with the first mobile offering touch feature at an affordable price, the phone had a better User interface compared to other costly model,the exterior sported fresh colors unlike the routine pearl white and Black. The phone was well accepted in the market as the phone allowed the aspiring customer to graduate to a touch screen without hurting the wallet.
After Corby's success samsung has bought in 4 new line extensions
Samsung Corby (the flagship model)
Samsung Corby TXT
Samsung Corby mate
Samsung Corby Plus
Samsung Corby Pro
All these models have a common theme of corby that is exchangeable exterior panel, and touch feature. The reason why Samsung is using the same name Corby for all its new model is to leverage on the success and product acceptance of Corby. Its called a stimulus generalization strategy where in the consumer generalizes the stimuli based on one or few cues.In this case the stimulus could be the new version of the handset and the cue is the brand name Cue and similar color theme of all the Corby versions.One more company that successfully implemented this concept is Bajaj for its flagship brand Pulsar.(Pulsar 135 [5],Pulsar 150,Pulsar 180,Pulsar 200 DTS-i,Pulsar 220 DTS-Fi Pulsar 220 DTS-i)
