shopclues marketing plan

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Page 1: Shopclues Marketing plan
Page 2: Shopclues Marketing plan
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ContentsExecutive summarySituational analysisGoalsStrategyValue propositionImplementationControlExhibits

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Shopclues Android App allows you to shop online at wholesale rate, anytime and anywhere with just a tap of your finger

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Situational

analysis

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Situation analysis

1 Company overview

2 Market analysis

3 Target customers

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Core competencies

1 Creativity and Innovation

2 Merchandising and multi-channel retailing

3 Secure and convenient payment options

4 Customer responsiveness

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Strategic assets 1. All the members of the

Strategic Business Unit2. Expected large user-base3. In-app advertisements and

In-app purchases, that’ll generate revenue

4. Communication partners

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PRODUCT PIPELINE

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ShopClues is positioned as the one-stop-shop destination for shopping online from 5 crore products across 12500 categories in the most seamless and hassle-free way.

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CUSTOMER CHANNELS

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COMPETITION

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SWOT analysis

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TARGET CUSTOMERS

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Customer segment is:Measurable: Size, purchasing power and characteristics can be

measuredSubstantial: Large and profitable enough to serveAccessible: Can be effectively reached and servedDifferentiable: Responds differently to different marketing mix

elements Actionable: Effective programs can be formulated to attract it

and serve it

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“ ““If you make customers unhappy in the physical world, they might each tell six friends. If you make customers unhappy on the Internet, they can each tell 6,000.”

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GOALS

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GOALSYearly revenue of +500 Million USD by the end of

2020.Increase conversion rates by 8 percent in four monthsDecrease shopping cart abandonment by 15 percent in

six months.Increase site traffic by 30 percent in six months.Develop a valuation of 1.5 Billion USD by the end of

2020.

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TARGET MARKET

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Customer needs and expectations

1 Quality content

2 Mobile-first experience

3 Overall shipping satisfaction

4 Enhanced customer intimacy

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Customer behavior

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COLLABORATORS

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Major Collaborators:SuppliersVendorsChannel membersCommunication partners

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Key stakeholders are-

SuppliersInvestors Customers Employees

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Points of parity:Diverse product portfolioCompetitive pricingHome deliveryCash on Delivery service

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Points of difference:Membership cards for

premium customersE- walletInnovative advertisementsStrategic warehousing and

distribution management

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To Customers

• One-stop-shop for all your products

• Easy and seamless way to shop

• High price discounts and deals

• Secure payment

To Collaborators

• A well-managed, rapidly growing app with new downloads everyday

• Successfully competing with other major players in the industry

• A large and diverse user-base

To Company

• Employees:-Positive work environment, good pay, growth potential, opportunity to pursue interests, job security

• Investors:- Regular filing of returns, future growth potential, financial stability, clean image, profitable and loyal user-base, high ROI

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POSITIONING STRATEGY

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An effort to influence consumer perception of a brand or product. Its objective is to occupy a clear, unique, and advantageous position in the consumer's mind.

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POSITIONINGShift from inventory

model to marketplace model

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Competitive advantageQuick search options (with available online

websites)Setting the price of the productOne click away from orderInstant alertPrice comparison resultsCustomer reviews from websites for a

product

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POSITIONING

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PRODUCTS

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PRODUCTSAims most

segments except automobiles and groceries.

High quality products

Has over 5 crore products across 12500 categories

Aims most segments except automobiles and groceries.

High quality products with 30-day replacement guarantee

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Discounts up to 35% across all categories.

Upper edge in competitive pricing Special discount for loyal

customers and regular buyers.

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E-gift voucher

Gift certificates

Membership cards

Cashbacks

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Affiliate marketing Social media advertisingTV commercialsWord of mouth

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DISTRIBUTION MECHANINSM

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Active in Tier1 Tier 2 & Tier3 citiesTie ups with local vendors and courier

firmsAs on date more than 80% orders of

Shopclues are handled via warehousesQuick and efficient delivery service.

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Marketing SalesLogisticsDelivery fleetCustomer support

Infrastructure

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Marketing strategiesPromotions and advertisingSourcing, logistics and supply chainEnd-to-end customer deliveryCustomer relationship management

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Developing integrated marketing campaigns – 1 monthDelivery of the products within 3-5 days of placing the orderPrice and tracking details should be recorded every minute

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The final evaluation is done by using the following metrics: Digital impressions Number of transactions Gross Merchandise

Value (GMV) Market share Net Income Company’s valuation

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EXHIBITSHaving an eye catchy website

High ratings in the app reviews

Increased number of impressions and

conversions monthly

Sound digital media base

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DISCLAIMERCREATED BY ABHISHEK PATHAK, IIT ROORKEE, DURING A MARKETING INTERNSHIP WITH PROF. SAMEER MATHUR, IIM LUCKNOW .