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WearUrDreams.co m

Wearurdreams National Entrepreneurship Challenge

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Final presentation at ' National Entrepreneurship Challenge' a business plan competition held at Faculty of Management Studies, New Delhi. Presented by : Team KKarma -Kirti Jindal, Manu Jindal and Aseem Kakkar.

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Page 1: Wearurdreams National Entrepreneurship Challenge

WearUrDreams.com

Page 2: Wearurdreams National Entrepreneurship Challenge

Agenda

• Business opportunity

• Description of business

• Organizational structure

• Market research

• Competition

• Marketing plan

• Financial overview

• Future plans

Page 3: Wearurdreams National Entrepreneurship Challenge

Where is the Opportunity?

– Apparel in India is a multi million dollar business.

– Yet a big void has been left, leaving the consumer estranged.

– This void offers tremendous product/service opportunities.

SO WHERE IS THIS VOID?

Page 4: Wearurdreams National Entrepreneurship Challenge

Quality at Unaffordable

price

Paucity of Time

Dissatisfaction

Lack of Options

Non Exclusivity

CONSUMER PROBLEMS

Page 5: Wearurdreams National Entrepreneurship Challenge

The Solution

• Customize your product

• Wide range of options

• Order your product sitting at home

• Delivery at the customer’s doorsteps

• 24x7 customer care

Page 6: Wearurdreams National Entrepreneurship Challenge

All this combines into………………..

WearUrDreams.comWearUrDreams.com

Page 7: Wearurdreams National Entrepreneurship Challenge

MISSION STATEMENT

To offer world-class customized service in apparel industry through e-commerce.

Page 8: Wearurdreams National Entrepreneurship Challenge

Business Process

Log on to the

Website

Design your Own Apparel

Order Your Creation

Processing & Printing

Delivery at your doorsteps

Page 9: Wearurdreams National Entrepreneurship Challenge

We would be having two parallel systems in place for interaction with the customer

Customer Interface

Website Retail Outlets

Customer Interface

Page 10: Wearurdreams National Entrepreneurship Challenge

www.WearUrDreams.com

WEAVE UR DREAM

DESIGN

Choose Basic Pattern

Choose Colour

GALLERY

Top Designs

Themes

Festive offersAdd Images

Add Text

Upload Your Designs

Special Edition Apparel

Page 11: Wearurdreams National Entrepreneurship Challenge
Page 12: Wearurdreams National Entrepreneurship Challenge
Page 13: Wearurdreams National Entrepreneurship Challenge
Page 14: Wearurdreams National Entrepreneurship Challenge
Page 15: Wearurdreams National Entrepreneurship Challenge
Page 16: Wearurdreams National Entrepreneurship Challenge

Retail Outlets

• Direct Interface with the customer

• Increase Brand Awareness

• Introduce the idea of Customization

• Displaying new product range

• Exhibiting our world class quality

• Reaffirming our commitment to customer satisfaction

Page 17: Wearurdreams National Entrepreneurship Challenge

ORGANIZATION STRUCTURE

WearUrDreams.co

m

Inventory and

DeliveryPrinting

ITMarketing and

Finance

Page 18: Wearurdreams National Entrepreneurship Challenge

Tie Ups

• RAW MATERIAL

• DELIVERY

• IT SUPPORT

Page 19: Wearurdreams National Entrepreneurship Challenge

MARKET RESEARCH

DRIVERS FOR E-BUSINESS

• Home Delivery

• Time Saving

• 24x7 Service

• Ease Of Use

• Wider Range Of Merchandise

Page 20: Wearurdreams National Entrepreneurship Challenge

POTENTIAL MARKET

• The Youth

Age Group 18-25

-Around 300 odd universities accounts for 10 million college students which is a huge consumer base.

• Young Working Professionals

-Rapidly Growing BPO and KPO industry will provide a substantial customer base.

Page 21: Wearurdreams National Entrepreneurship Challenge

MARKET RESEARCH

• The E-commerce industry: Rs 5.7 billion worth of E-commerce conducted online in 2004-2005 to grow to Rs 230 billion by 2006-2007, an estimated 300 per cent plus growth.

• The E-commerce site visitor: 55 per cent of visitors to ecommerce sites have adopted the Internet as a shopping medium.

• Age and gender: 25 per cent of regular shoppers are in the 18-25 age group, representing 13 million online shoppers in this age group. (IOAI Estimate: 100 million Internet users by 2007-08.)

Source: http://www.indiantelevision.com

Page 22: Wearurdreams National Entrepreneurship Challenge

With a 36 percent market share, apparel currently occupies the number 3 spot just behind books and electronic gadgets in online shopping.• Education and profession: 83 per cent of the user

base is educated with a Bachelor or Post Graduate degree, it represents an educated audience.

• Purchase history: 62 per cent of shoppers having shopped for more than a year. 37 per cent of online shoppers have started shopping online in the last 12 months.

• Frequency of purchase: 67 per cent of online shoppers have shopped online as recently as three months showcasing the growing acceptance of ecommerce. 53 per cent of online shoppers have shopped online more than five times, 27 per cent of online shoppers have shopped online more than 10 times.

Source: http://www.indiantelevision.com

Page 23: Wearurdreams National Entrepreneurship Challenge

APPAREL BRANDS

COMPETITION

LOCALIZED PRINTERS

OTHER WEB PORTALS

COMPETITION

Page 24: Wearurdreams National Entrepreneurship Challenge

TACKLING THE COMPETITION• There is an indirect competition with the existing

apparel brands.

• For the same quality as of any branded clothing, our customers will be able to wear their own creation.

• Due to overall cost efficiency, we would be able to pass on the benefits to our customer.

Page 25: Wearurdreams National Entrepreneurship Challenge

EXISTING WEB PORTALS

• Lack of consumer awareness about existence of such web portals

• E-commerce boom in India is imminent.

• Competition in this sphere is about creating a market share

LOCALISED PRINTERS

• Very unorganized and fragmented sector

• Don’t match up to the quality standards.

Page 26: Wearurdreams National Entrepreneurship Challenge

MARKETING

Page 27: Wearurdreams National Entrepreneurship Challenge

MARKETING

Collegeevents

SpecialOffers

E-marketing

city campaign

Page 28: Wearurdreams National Entrepreneurship Challenge

MARKETING APPROACH

RETAIL OUTLETS

• A conservative approach

• Establish the brand as synonymous with quality and customer care.

• To get the idea of customization across.

COLLEGE EVENTS

• A more aggressive approach.

• Establish brand among college crowd.

• Add to X-factor of brand.

• Raise the desirability of brand.

Page 29: Wearurdreams National Entrepreneurship Challenge

HUKUM

MERE

AAKAAHUKUM

MERE

AAKAA

……THE LAUNCH

CAMPAIGN

Page 30: Wearurdreams National Entrepreneurship Challenge

HUKUM MERE AAKAA

• Theme for Launch campaign

• It would serve two purposes:

- Let customers know that they will get what they want

- To project that “the customer is king” for us

Page 31: Wearurdreams National Entrepreneurship Challenge

• Target centers of commercial activity like multiplexes and shopping malls

• Advertising through Banners and Posters

• Distribution of Information Brochures

• Promotional Road Shows across the city

• Organizing contests in city hot spots

CITY CAMPAIGN

Page 32: Wearurdreams National Entrepreneurship Challenge

INTER COLLEGE EVENTS

• Participation as sponsor in major inter-college events.

• To be held after the city campaign to supplement the buzz about the brand.

• Inviting Fashion Institute graduates to showcase their creativity on the website.

Page 33: Wearurdreams National Entrepreneurship Challenge

E-MARKETING

• Registering with all major search engines

• Advertising on leading websites

• Tie-ups with other websites for web-links

• Regular updates to our registered users through e-mail

Page 34: Wearurdreams National Entrepreneurship Challenge

SPECIAL OFFERS

• CORPORATES: We will cater to the needs of the corporates for their merchandize through our products and services

• SPECIAL DAYS: Our company will offer special products on special occasions like Valentine’s Day, Friendship Day, and festivals.

• We will be offering special discounts to the customers ordering in the bulk.

• PROMOTIONAL OFFERS: special incentives to initial buyers

• ONLINE GIFTING: Send gifts to anyone, anytime, anywhere through our website.

Page 35: Wearurdreams National Entrepreneurship Challenge

SOCIAL RESPONSIBILITY

• As our corporate social responsibility, we will also cater to major health issues like HIV/AIDS, SEX EDUCATION, and POSITIVE LIFESTYLE and we will use our products to create awareness among Youth of the nation.

Page 36: Wearurdreams National Entrepreneurship Challenge

Financial OVERVIEW

Page 37: Wearurdreams National Entrepreneurship Challenge

Revenue Forecast

*CONSIDERING ONLY COLLEGE STUDENTS

Chandigar

h

30000 STUDENTS 1000

UNITS

Rs 300

/UNIT

Revenue

Rs. 30 lakhsProfit Rs.5

lakhs

*Quarterly projection

Page 38: Wearurdreams National Entrepreneurship Challenge

OTHER POTENTIAL MARKET

• Young working Professionals in flourishing BPOs and KPOs

• Revenues from marketing tie-ups for our website

• Revenues from corporate merchandize

• Sales on occasions like festivals and special days to the public in general

Page 39: Wearurdreams National Entrepreneurship Challenge

WORST CASE SCENARIO

• Low level growth in e-shopping as compared to estimates.

• Concern over privacy and security of e-shopping

Possible strategies to tackle worst case scenario• Flexible marketing strategies with high percentage of local input.

• Constant feedback about company performance.

• Development of retail chain.

Page 40: Wearurdreams National Entrepreneurship Challenge

FUTURE PLANS

• We would also offer customized Stationery, Mouse Pads, Head Gear, Mugs, Bags.

• We will expand our outlets into a major retail chain across the country.

• We will look for venturing into global market.