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SITUATIONAL ANALYSIS
Customer
CompanyCompetitor
s
• Tamil Nadu market first level ( Chennai and Coimbatore)
• 13,000 cr industry, growing at 20% in Tamil Nadu.• Hassle free marriages to showcase their wealth and
pride.• High motivation towards the auspicious once in a life
time function.• Rising purchasing power of the people.• The objective is to sustain in the market , offering
state of art service at the best possible way for a long-lasting relationship.
• To have a penetrating pricing strategy with widely available network of vendors offering services.
• Starting a project for High net-worth individual , and to establish firmly in the market with the credibility gained.
• Offer A-Z services. • 73 players in Coimbatore doing marriage events.
• Word of mouth plays a major factor in converting orders.
• Established their foot in market for considerable period of time.
PEST ANALYSIS
Political:Favorable tax policies.Boon for startupSMILE and New inspiration fund.
Technology:> Increasing internet users> Smartphone penetration> Attracted towards social media> Easy connectivity.
Social:• 1000-1000 sex ratio in coimbatore. 1000-936
chennai.• 10000 people per sq km in Coimbatore,• More diverse and cosmopolitan,• Human development index is .736.• Awareness of wedding planners.• Changing lifestyle of metro dwellers.
Economical:# Inflation hovering around 6%# GDP per Capita is 1260$# Interest rate is 7.25%# Increasing purchasing power of people
SWOT ANALYSIS
# A startup from budding Coimbatore based entrepreneurs.# High network of contacts from tier-1 colleges, schools, clubs.# Have prowess skills in doing events bringing together experience from different wedding planning companies.
# A foray into a saturated market which has 73 players.# Haven’t garnered credibility in CBE.# A small team with 4 managing partners.# Coimbatore based agents network is not strengthened yet. Possibility of biasness towards the stalwarts in the industry.
# People who does a simple marriage function are unaware of the benefits of wedding planners.# People of Coimbatore spend humongous money on marriages, but sticks onto their friends and families for support.# In Bangalore and Chennai people who does marriage at 2 lac budget also seek wedding planners for hassle free experience. # Rising multilingual population in Coimbatore.
# Current players can be a threat for the business.# Myth that wedding planners are costly and unreliable.# Business plan idea theft by current star players in the market.# Star players belittle startups initial stages.
SWOT
COMPETITIVE ANALYSISCompetitor Product/
Service Price
Location
Facility Strength Weakness Strategy
Vivahhika • Customized wedding décor
• Designer wedding garlands
• Wedding planning
Saibaba colony
Great location, easily accessible
Great Location & good website. One of kind of start upAggressive team Pumping adrenalineGreat new decorations
Constrained to doing only few services.
Outperform with bigger and innovative plans.Have a eye for detailingSocial media marketingRely on WOM
Lime light event pro
• Wedding• Backdrops• Corporate
events• Decoratives• Pro audio
and lighting• Birthday
parties• etc
g.p signal,new siddhapudur,
Coimbatore - 641 044
Ganapathi, quite far from main city
Has done major events in cbe.
- Is into doing varied events, and focus on wedding is minimal.
Goes for affluent target.
OBJECTIVES ( SMART GOALS)S
• To be one of the top 5 wedding planners in Coimbatore with motive of social responsibility.
M• Consistently monitoring the enquiries/conversion
that are through different sources like FB, Website, Magazines, Referrals and TV.
A• To have a target of constantly doing 5 marriages M.A
in 200 M.A industry.
R• A proactive team which consistently follow orders
and offer state of art innovative but in a economical wedding plans.
T• We will ensure orders 3 months prior to avoid
inconsistency.
OUR SERVICES Wedding venues wedding cards beauty & grooming mehendi artists Jewellery Caterers fireworks astrology & religious services Honeymoon packaging candid photographers
POSITIONING STRATEGY To “ the age group from 18-75 who is looking to get
married their kith and kin in a very joyous and happy way”.
We exist to adhere to this maxim, and focus on offering traditional marriage services with modern touch.
We do end to end wedding services from invitations till honeymoon packages, first in cbe.
All nuclear families are opting to go for wedding planning services as all are busy with work.
OUR BRAND PERSONALITY
Brand Persona
lity
Happiness
Joy
Excitement
Traditionally
modern
Hassle free
Dependability
CORPORATE SOCIAL RESPONSIBILITY We give tree sapling to everyone who
attends the wedding that we organize Our flagship event is eco-friendly
marriages which includes eco friendly materials in decoration and other services.
We do wedding services for downtrodden people as a part of CSR, we will completely waive wedding service charges and also we fundraising events.
MEDIA PLANNING ATL
TV ad- Kalayana malai
Magazines- Manamagal ( highest circulated wedding magazine).
Social media and website. Articles in Hindu and TOI. SEO marketing. Whatsapp marketing.
TOP PROGRAMMES FOR WEEK 36 TNSTATE/ PONDY ALL NCCS
Channel Date Day Start Time
End Time Programme
Dur{min.}
Rat 000s Rat %
Reach % NGRP TSV
Sun TV06-09-
15 Sunday 7:59 8:30 Kalyanamaalai 31 470 2.03 4.33 2.09 14.46
MEDIA BUDGET Aval manamagal magazine – campaign for 3
months (half page ad) 1,00,000*3= 3,00,000 Circulation = 3,50,000 ; page size =
15cm*21cm Social media campaign = 50,000 SEO MARKETING = 20,000 We are screening the ad in SUN TV’s kalyana
malai show 2times on Sunday’s for 8 weeks ( seasonal based) which will cost 10,000 per screening and will cost a total of 4,80,000
EXECUTIONAL LAUNCH We planned our launch in Matrimony
EXPO in CODISSIA Trade Fair Complex
Is a 2 day event. The wedding expo in Coimbatore showcases products of wedding planning from end to end.
SUCCESS METRICS Customer feedback forms. Check for monthly growth in website
traffic, lead conversion and reference. Discount code will be displayed in ad
which will help to check the success of the ad campaign.
THANK YOU