Sprite,
the lime and lemony drink of Coca cola, is all set to come up with new campaign
which says “chalo apni chaal”. Sprite, in the previous campaign, just talked
about quenching thrust and nothing else. Whereas the new campaign mainly focus
on to the youth, which puts the character in the campaign as a trickster whose
aim is to get a girl which is absolutely different from its previous campaign. I
hope the new campaign would favor the brand in enhancing its share. Moreover,
in India, it is a practice to have lemon water in the summer to cool the body.
And I hope this is another factor that would have contributed the brand to
capture sizable market share. In Indian cola market, coca cola is the visible
market leader with thumps up and sprite, 15% & 14% market share
respectively as per the industry estimates. Even experts in the industry
asserted that sprite would push other brands down by taking leading position in
the lime/lemony market.
Monday, February 18, 2013
Thursday, February 14, 2013
Demarketing
Demarketing refers to all the
activities or attempts to discourage customers in general or specific
segment of customers on a temporary or permanent basis. The term
demarketing was coined by Kotler & Levy. Simply, it includes
marketing activities for reducing the demand for products.It
procrastinates or postpones the demand but does not kill the demand.
There are three approaches for demarketing:
1) Selective Demarketing: Discourages the demand from particular segment of customers
eg: Alcohol sales to minors in the US is restricted
2) General Demarketing: This type of demarketing is applied to reduce the demand for a product for specific time period
eg: Firms facing shortage of products
3) Ostensible marketing: Creates artificial scarcity for a product for Building brand image.
Why De-marketing:
There are three approaches for demarketing:
1) Selective Demarketing: Discourages the demand from particular segment of customers
eg: Alcohol sales to minors in the US is restricted
2) General Demarketing: This type of demarketing is applied to reduce the demand for a product for specific time period
eg: Firms facing shortage of products
3) Ostensible marketing: Creates artificial scarcity for a product for Building brand image.
Why De-marketing:
Demarketing is a good strategy to use when the demand is greater than
the production, insufficient production, and when the firm could not
meet the huge demand. Moreover, it can be used as a tool for
procrastinating the demand. It is also used when the marketer does not
want to serve particular customer segment or territory due to reasons
like less profits or high costs. Knowingly or unknowingly most of the
retailers and firms use demarketing in their business operations.
Another reasons that can be attributed to demarketing are sustainable
marketing practices, environmental conscious consumers and evolving
consumer behaviour. Even researchers in Consumer Behavior suggest that
consumers do give high value to less available products in some product
categories. So demarketing has got a vital role to play in the
contemporary marketing. Nevertheless, firms can make use of demarketing
in a positive way to enhance brand image and to meet customer
expectations on quality.
Some of Demarketing Tactics:
- Dicrease promotional expenditure
- Increase Price of products
- Reduce Product Attractiveness
- Restrict Product Availability
- Increase availability of Product Substitutes
- Warning Labels
- Increase Taxes
- Reduce Consumption Spaces
Ranganadh Emmadi
Monday, February 4, 2013
Raymonds to Launch “Parke Avenue” Brand Shampoo
Yes,
what you seen is right, its Raymond, the leading fabric & apparel
manufacturer is to launch new beer shampoo, under Park Avenue brand. Raymond
was positioned itself as a leader in grooming industry and decided to enter into
shampoo market. And the Indian shampoo market is estimated to be around
2700-3000 crores. Raymond is to launch beer shampoo, an innovative product
which is being introduced for the first time in india.
Park Avenue is in the personal care (male) market with products
like deodorants, soap, face washes, hair creams and shaving gels. Right now, the
brand is being extended to shampoo with high expectation of huge growth
potential.
Raymonds decision to introduce shampoo can be attributed to
factors like increased concern of consumers on physical appearance, growing
middle class, and evolving customer needs and preferences.Other factors could
be high growth cosmetic market, and the company may be wanted to enter into new
product categories or to increase its portfolio of products.
Very soon the product will be available in retail stores and the price would be more or less of competitors brands such as P&G and HUL.
Saturday, February 2, 2013
Market Process Outsourcing (MPO)
Well after a long break, I am back with some info on new business concept which evolved recent times. You might heard about BPO, KPO but may not MPO. What is MPO. It is Market Process Outsourcing, which is not entirely a new concept, most of the services offered by MPO are previously offered by marketing consultancies or agencies.
MPO’s takes the responsibilities of most of marketing functions of a client’s business. It offers services such as PR, branding, distribution, marketing consultancy, research and etc. Simply said, MPO companies offer marketing solutions in a best possible way under the client’s budget limitations.
Marketing never been a simple task, with increasing number companies and brands, it becomes an intricate task for any organization. As competition grows, burden on marketing department raises. In order to alleviate pressure and tap on new opportunities, MPO’s surfaced.
SERVICES OFFERED BY MPO’S are
Determines Marketing Objectives
Branding & Advertising
Public Relation & Publicity
Distribution
Marketing Research
Accomplishing Sales & Objectives of Client
Defines Methodology for Executing each Activity
Monitoring & Evaluation of Marketing functions and updating to Client
Enhancing ROI
Providing complete report to the Client
Marketing never been a simple task, with increasing number companies and brands, it becomes an intricate task for any organization. As competition grows, burden on marketing department raises. In order to alleviate pressure and tap on new opportunities, MPO’s surfaced.
SERVICES OFFERED BY MPO’S are
Determines Marketing Objectives
Branding & Advertising
Public Relation & Publicity
Distribution
Marketing Research
Accomplishing Sales & Objectives of Client
Defines Methodology for Executing each Activity
Monitoring & Evaluation of Marketing functions and updating to Client
Enhancing ROI
Providing complete report to the Client
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