Saturday, January 28, 2023

History & Marketing Strategies Of Syska Brand :

 


History & Marketing Strategies Of Syska Brand



 Company Name: – SSK
Owner : Mr. Govind Uttamchandani and Mr. Rajesh Uttamchandani 




How It All Started 

The SSK Group took off with the support and blessings of Guru Nanak Marketing, a company that is involved in the distribution of T-series Audio cassettes, audio video and CDs systems for the whole of Maharashtra. A strong vision and a stronger conviction made the way for SSK’s growth.

Understanding very early on that diversification is the mantra to success, management team decided to widen the scope of their business enterprises and enter different markets. Today, they have a strong grip in the Electronic Appliances, Mobile, Retail, Variable Data Printing, Agriculture and Real Estate industries. The Group is looking for expansion plans.

 


Launching

Brand Syska was founded on 15th May 2012, and within a short span of time it has been able to create a specific market of its own. Syska means Shree Yogi Sant Kripa Anant. The owners of Syska wanted their brand name to connect with the Almighty and should also be of deeper significance, so the name was derived.

Syska is a well-established and recognised brand that has spread its product presence to various parts of India. It started its operations from Pune in Maharashtra and later established its headquarters over there.

Team Syska is a set of vibrant and skilled pro active employees. The Group’s top management ensures that the company’s workforce is motivated to perform beyond expectations and aim higher. Expertise and enthusiasm are an integral part of the company. The Company is confidently moving towards even greater success with set of skilled team. Syska Group is rapidly expanding and diversifying into various categories.

Syska recently made an announcement about its partnership with Suyin Optronics and Biometronics to set up a first of its kind camera modules factory in India. Syska also entered the wires and cables business and roped in Amitabh Bachchan as the brand ambassador. Syska is in line with government’s mission of Make in India and has made a total investment of over 350 crores to set up manufacturing units in various parts of the country.

Syska led lights is the prime product of the company it delivers new generation lights which is energy efficient and cost effective. Syska LED products are highly energy efficient, brighter and more durable.


Marketing Strategy And Interesting Facts 

Behind Its Success

 

Product

Syska is one of the leading members of LED market in India. It offers features like quality tested products, reliability, durability and aesthetic designs. Innovative products have given Syska a greater competitive edge in the consumer market due to its excellent service, quick delivery and advanced technology. The product is crafted in such style in order meet international standards. 

Place

Syska has various manufacturing plants in India and its automatic overseas facility is in Korea. Syska has also marked its presence in international market which include places like Africa, Middle-East, Sri Lanka, Nepal and Bangladesh. It has an extensive and powerful distribution network as it takes help of its parent company to distribute its products. 

Price

Syska has superior product quality and fair prices which has helped manage to overcome most of its rival brands. It faces competition from several rival brands dealing in similar products. Syska has adopted affordable pricing policy so that it can gain advantage over competitor in the consumer market. Prices are so affordable that consumer can easily buy it. Moreover, all its products are energy-efficient with a two-year warranty and hence it is beneficial to buy Syska product in the long term as it automatically starts cutting cost price. 

Promotion

Syska is a reputed brand that has adopted intensive marketing policy to create positive visibility in the consumer market. It has launched trendy and informative ad campaigns via print media and electronic that can be viewed on popular channels of television, magazines, radio, newspapers and billboards in highly populated areas. Syska also went social through social media platforms and has launched awareness programs of products via YouTube, Facebook, Twitter, its own website. As part of the promotional campaign, the brand offers discounts on product prices at periodical intervals.

Syska Campaigns

Syska is known for creating logical campaigns for its product. Its commercials have such an impact on customer that it has become first choice of the consumers. Few campaigns are mentioned below: –

  1. Syska…Harr Shaam Aapke Naam!

Starring celebrity brand ambassador Mr. Irrfan Khan. The advertisement is currently being aired on television channels and movie screens. The campaign seeks to highlight the unique features of the innovative LED lights introduced by Syska in the Indian market during the festive season.

  1. Syska… Wire less nahin… Wire more!’

Starring celebrity brand ambassador Mr. Amitabh Bachchan to unveil their new product. The campaign attempts to highlight the unique features of the innovative product line introduced by SYSKA in the Indian market that will define differenlty the category of Wires. The communication has also already rolled out on news channels. SYSKA launched the teaser on wires and cables in the month of July 2018


  1. Digital Campaign Lit by #LightOfLove

The key objective behind the conceptualisation of this digital campaign was to showcase and spread awareness of love in the form of LED lights. The brand focuses on the root of digital to convey the message strongly among digital audience who spend most of the time on social media and other digital platforms. It ensured that the digital campaign expresses an emotional angle through LED lights and celebrates the love of light, the SYSKA way. The creative script aims to deviate from the traditional concepts of romantic love, it celebrates all forms of love. Syska LED plugged into this emotion with a sweet, heartfelt film that turned the spotlight on the abiding bond between two old friends who have stood by each other through the years. 


Conclusion

Syska LED is one of the most trusted LED brand in India. Backed by innovation and latest technology, they are continuously introducing new range of products to meet the needs of the consumers.































Friday, January 27, 2023

Marketing Strategies of Myntra

 


Myntra is a one stop shop for all your fashion and lifestyle needs. Being India's largest e-commerce store for fashion and lifestyle products, Myntra aims at providing a hassle free and enjoyable shopping experience to shoppers across the country with the widest range of brands and products on its portal.
How does Myntra work with brands?
Myntra earns through an aggregator model. It buys current season merchandise from various brands and makes the product available on its website. It earns through commission. The revenue model of Myntra is that of B2C (Business to customer) now.

Introducing Myntra


Indian fashion outlet Myntra has stolen the hearts of many with their design, affordable clothing.

The name “Myn” is derived from Sanskrit and it means ‘to think’ or create.’ The company’s slogan reflects this thinking culture: Be Modern! Wear Indian!’ They were founded in 2007 by two alums MBA students – Nishita Jain (CEO) and Kalyan Krishnamurthy — who wanted to provide customers access to high-quality clothes at low prices without compromising on quality.”

In 2011 Flipkart, an e-commerce business from India started acquiring companies that would help them build a presence in the fashion industry. In November 2014, they acquired Myntra for about $330 million.

Source – 1000 Logos

A significant Indian fashion e-commerce business Myntra is based in Bengaluru, Karnataka, India. The business was established in 2007 or 2008 to market customised gifts. Myntra.com was purchased by Flipkart in May 2014.

Myntra introduced an express delivery service on its app in May 2022 to provide a unique experience through a fashion and beauty platform. With this service, customers can expect their orders for items with the “M-express tag” on the listing page to arrive 24-48 hours after they are placed.

Myntra was founded by Mukesh Bansal, Ashutosh Lawania, and Vineet Saxena and offered custom gifts made to order. During its early years, it mostly followed the B2B (business-to-business) model. The website allowed consumers to customise items including T-shirts, mugs, mouse pads, and other items between 2007 and 2010.

Myntra finally entered the market in 2014 with a bang after collecting 310 crores.

Myntra said on May 10th, 2015, that as of May 15th, it will only be accepting orders through its mobile app and would shut down its website. The company had already stopped offering a mobile website in favour of an app. Myntra defended its choice by noting that 70% of its purchases were made on smartphones and that 95% of website traffic came from mobile devices.

The change was met with mixed reviews and led to a 10% drop in sales. Myntra declared in February 2016 that it would resurrect its website after conceding the failure of the “app-only” business model.

Esprit Holdings’ 15 offline stores in India will be managed by Myntra, according to a contract struck in September 2017. Myntra recorded a net loss of 151.20 crores for the 2017–2018 fiscal year.

Myntra modified its logo in January 2021 as a result of a police complaint that the design resembles a naked lady. A woman named Naaz Patel, who directs the Avesta Foundation NGO, submitted the lawsuit.

Quick Stats

CEONandita Sinha
CMOHarish Narayanan
Area ServedIndia
IndustryE-Commerce
Market Revenue$8-10 billion
VisionTo provide “a hassle-free and enjoyable shopping experience to shoppers across the country with the widest range of brands and products on its portal.”
TaglineRamp it up



 

Marketing Strategy of Myntra

As we got an in-detailed knowledge about the company story and growth let’s proceed towards the marketing strategy of Myntra the first factor that we would discuss is myntra’s STP Analysis.

Segmentation, Targeting, and Positioning

Segmentation:

Myntra focuses on Fashion-conscious customers who believe in shopping from home irrespective of age and gender. 

Target Market:

The target market set by this brand is Fashion-conscious, medium-income, young online shoppers looking for the best deals and good quality products.

Positioning:

Myntra is an e-commerce website that focuses on being Vibrant fashion stores at affordable rates all over India.  

Marketing Campaigns

Myntra uses every available media to promote its online marketplace in terms of advertisements. Myntra tries everything, whether it’s a television commercial with well-known celebrities or newspaper ads for a forthcoming sale.

1.
marketing strategy of myntra - marketing camapaign

 In June 2022, Myntra launched a multichannel marketing effort to interact with 250 million consumers nationwide.

Hrithik Roshan, Kiara Advani, and Siddhant Chaturvedi are just a few of the Bollywood celebs and influencers that plan to generate buzz about the most anticipated fashion carnival among their enormous fan bases and viewers.

For the EORS commercial videos, Myntra used a conceptual strategy that was merged with a lighthearted medley to represent the importance and nature of the enjoyable occasion. The company also released two master films featuring Hrithik Roshan and Kiara Advani and Siddhant Chaturvedi. 

With a 15-second edit with Hrithik and Kiara and another with Hrithik and Siddhant, the movies will also pair up famous people for the first time.

The clothing will change throughout the flicks, with Kiara representing western, casual, and ethnic attire, Siddhant sporting super-comfy casual wear, and Hrithik sporting trendy and hip looks.

In addition to activating the company’s own social media channels, M-Studio and M-Live, EORS-16 will receive considerable promotion across TV and digital media platforms including Google, Facebook, and YouTube.

2.
marketing strategy of myntra - marketing camapaign

Prior to the 15th edition of its signature End of Reason Sale, or EORS, which will take place between December 18 and 23, Myntra has started a marketing campaign. “Ab Har Koi Reason Chalega!” is the catchphrase for the advertising campaign.

The phrase aims to capture the magnitude of the event while enjoining shoppers to make purchases for only the silliest of motives.

A new group of celebrity ambassadors for Myntra, including Hrithik, Dulquer, Simbu, Vijay, Kiara, Disha, and Samantha, will debut 15-second commercials.

3. #BeUnskippable Campaign

marketing strategy of myntra - marketing camapaign

Myntra announced the launch of #BeUnskippable, a new brand initiative that emphasises its position as a go-to resource for fashion for its clients. The positioning is based on Myntra serving as a channel for consumers to make a statement through clothing.

In order to compete in a highly competitive environment where there are only a few seconds to get noticed or risk being “skipped,” it persuades everyone to “Style up, Move up.”

This ad campaign titled “UnSkippable” was launched in Tamil, Telugu, Kannada, and Hindi. 

Social Media Marketing

Myntra is active on Social Media like Instagram, LinkedIn, Facebook, Twitter and Youtube.

  • Instagram – 3.1M
  • Facebook – 5.5M
  • LinkedIn – 1M
  • Twitter – 687.9K
  • Youtube – 13.2L

Myntra is most followed and active on Facebook and then on Instagram.

Along with a few posts about the unveiling of a new product, the posts primarily contain promotional and instructive content.

SEO Strategies

marketing strategy of myntra - ubersuggest seo screenshot

Source – UberSuggest 

It is said as per SEO Standards, Organic keywords less than 500 are poor, 1000+ are good and 10,000+ are amazing. As seen Myntra has 4.4M organic keywords which are extraordinary. Another important element to be considered in SEO Strategy is monthly traffic and Myntra has 287.1M which is eye-popping.

This shows how excellent Myntra is in its SEO Strategy. If you want to learn basics and tricks about SEO then SEO Certification Course will for sure help you. 

Influencer Marketing

Marketing strategy of myntra - influencer marketing

Myntra works with influencers to persuade people to make purchases from them. On social media platforms, there are many content producers, celebrities, fashion bloggers, and bloggers. Their committed fan base follows the advice of influencers, and they provide material for their specialised audience. Influencers dress in Myntra clothing to create outfits that advertise the company.

Myntra works with micro-influencers who have between 10,000 and 50,000 Instagram followers in addition to influencers with millions of followers. Such micro-influencers Instagram postings are shared on Myntra’s page.

Recently, Myntra debuted a digital reality programme for influencers. Myntra Fashion Superstar is the name of the programme that seeks fashion influencers on its online shopping site.

Celebrity judges for the show were Manish Malhotra, Sonakshi Sinha, and Sushmita Sen. It was a programme that became well-liked as a result of its many approaches to finding influencers. Influencers were given a platform to showcase their personal style and make a fashion statement.

E-Commerce Strategy 

Being an e-commerce Fashion brand, Myntra tends to have an amazing e-commerce strategy. They have an e-commerce portal on their official website through which you can order anything and enjoy your Online shopping with great discounts and deals.

Mobile Apps

Myntra also has a mobile app which offers the same features as its website you can order anything anytime from their mobile app and enjoy online shopping from anywhere.

Myntra has 4.2 ratings and 10Cr+ downloads on Google Play Store. This shows how wide their audience base is. This also shows that their customers are really satisfied with the services this app provides.

Content Marketing Strategies

As seen Myntra has an incredible online presence along with its social media there are multiple blogs and articles published by Myntra on its website to increase the knowledge of its audience in fashion and lifestyle. There are many big fashion magazines that also post and write blogs and articles on their website about Myntra.

This brings us to the conclusion of an incredible marketing strategy of Myntra. Let’s sum up what we learned in this case study.


What’s Unique in the Marketing Strategy of Myntra?

Plenty can be learned from the marketing strategy of Myntra. Customers adore Myntra because it provides them with access to local and foreign companies at their front doors. Their marketing positioning suggests that everyone can wear fashion.

Myntra makes the most of digital marketing. As we saw above, it uses a wide range of advertisements and campaigns, as well as email marketing, social media marketing, influencer marketing, SEO, and SEM to draw clients. It also offers generous discounts.

As is well known, pandemics that impacted every industry caused a significant shift in digital marketing. According to data on digital marketing, 60% of people worldwide utilise the internet.















Thursday, January 12, 2023

SUNFEAST - Overview of the Brand.

 


SUNFEAST

Overview of the Brand:

In the month of July 2003, ITC made a foray into the biscuits market by launching the new Sunfeast range of biscuits. Sunfeast biscuits have always stood for its quality and are known for offering innovative and wholesome biscuits. Sunfeast offers happiness, contentment, satisfaction and pleasure. Within this span of 14 years, Sunfeast has well-established presence in almost all categories of biscuits.

Sunfeast Products:

Sunfeast has established its presence in market of almost all the biscuit categories and has become an important player in the instant noodles and pasta segments. Besides launching the high premium quality of biscuit range, it has attracted the customers with some innovative and exciting dual cream biscuits that have proven to be a delight for the consumers. The various products under its brand name are as follows-


•       Sunfeast Dark Fantasy Choco Fills Luxuria    •       Sunfeast Dark Fantasy Choco Fills

•       Sunfeast Dark Fantasy Choco Meltz               •       SunfeastDelishusNut & Raisins

•       Sunfeast Delicious Nut Biscotti                       •       Dark Fantasy Chocolate and Vanilla

•       Sunfeast Dream cream                                    •       Sunfeast Marie Light

•       Sunfeastsweet’n salt                                         •       Sunfeast Milky Magic

•       Sunfeast Glucose                                              •       Sunfeast Special Cookies

•       Sunfeast Nice

Role of Digital media and social media

Sunfeast’s strategy revolves around the temptation. With brilliant imagery and visuals, they have managed to strike decent chord with mature audiences. It has a huge number of Facebook community that manages to keep its audience engaged also though Twitter and YouTube. They had launched different campaigns in social media platforms to improve their sales and awareness.

Increase audience connections through Facebook, Instagram, Twitter every year by at least 25%.

1.Engage more and more customers in the social media communities by increasing the social media activities continuously;

2.Conduct online campaigns, quizzes etc.

3.Social media marketing

1.The followers for sunfeast on social media sites

2. Customer interaction through social media platform

3. Number of likes, comments and shares on Facebook and no. of retweets on twitter

1.Social media dashboards such as hootsuite, TweetReach, social mention;

2.Facebook insights, Twitter analytics

3.Other online monitoring tools like how sociable, twazzup, Icerocket, etc.

Increase website traffic by 25% by adding social media content. Keep the official website up to date.

1.SEO & Content Marketing

2.Advertising with Search Engines (Pay-per-Click)

3.Advertising with Social Media

4.Online Contests

5.Email Marketing

1.Bounce rate and time on site

2.Type of sources

3.Types of users

4. New Vs. Returning visitors

5.Traffice distribution per country

1.Online marketing tools;

2.Visitors section of Google analytics;

3.Map overlay report

Increase market share by 5% in 12 months and the revenue per sale by at least 15 %

1.Customer relationship management

2.Social media marketing

3.Sales marketing

1.Number of purchases through social media platform

2. No of repeat purchases by existing customers (B2B purchases

1.Analytics tools such as from HubSpot&Marketo

2.Purchase data tracking in Analytic/ Collaborative/Operational CRM tools

Facebook page boasts of a 1.1 million member strong with a very impressive engagement rate to show off. They generally have used visual content that is literally mouthwatering and the results are there for all to see. They have some really great jingles and seeing people gushing about it, they have done a great job by allowing them to download it. 

In twitter too there is a presence of this brand on which people are talking about. Although youtube is a boom for the vedios which reach at a faster rate.


              Comparison with competitor

The competing brand which targets the same TG and has the same ‘temptation’ theme would be Parle’s products. But Parle is unable to match the quality content that Sunfeast has come up with and hence having the low engagement rate. Within a short span of time Sunfeast has made a name and place for itself and at present, the brand is synonymous with contentment, cheerfulness, customer satisfaction and happiness. Some of its main competitors are Britannia, Parle, Oreo, Priya Gold, Horlicks, etc.

Consider ‘Oreo’ brand for competitor analysis. It scores notably above Sunfeast in the following areas: Sunfeast has performed better in the social media marketing. Following points give clear picture of how effective is the social media for Oreo.

· Sunfeast in total (considering all product pages of sunfeast) has around 2 million followers on Facebook. Comparatively, Oreo has around 42 million followers on Facebook which is far better than Sunfeast.Oreo’s biggest success has been its daily twist campaign launched in 2012.

· Oeo performs better on twitter too. Oreo has highest number of followers and fans on twitter also. Twitter is the home of Oreo’s agile marketing strategy. It is a channel where you can respond to a trend in seconds and Oreo certainly takes this proposition and runs with it.

Social Media: 

Social media is to be used to generate interest in the brand. But the platform is to be used to engage the users with the videos which are going to be our prime source of generating awareness and recall. The idea is that users wouldn’t want to engage too much with a biscuit brand as it is a quite low involvement product. They might not have that much time to spare. With this in mind we should make sure to take up only as much time of theirs as much as we can effectively engage them. This is an appropriate strategy as we know social media is where most of the internet funnels into. Most interactions, news, broadcasts, etc. start from social media and then they lead into the specialized channels. The brand needs to keeps its presence felt in this platform as they competitors might be waiting to attract out customers too. Our target market available here and spends significant time here and that is enough reason to consider being here.

This tactic would be used mainly to get our hashtags trending and to be a platform from where we can elicit user generated content in the form of videos, for Tactic 1. We can organize competitions on social media and get the engaged customers to make videos/selfies/ etc. that we will then share on our channels. We can use the paid ads/ promoted tweets too occasionally in get more viewers for our content.

The challenges would be the usual problems faced by any brand that is trying to use social media to connect with the customers. The amount of attention the user can give is limited and the number of brands fighting for it is very high. We need to very creative and engaging to fight it out in this tactic.

Affiliate marketing techniques for sunfeast: 

They can be used to encourage users to make new recipes using multiple topping etc. They can make cookies, cakes, milk shakes, ice cream sundaes, etc. We need to set up a means to integrate affiliate program into the web offerings. This is appropriate for us as there is very few things we can do online as the product is majorly a habitual buying or impulse purchase. Getting the customers to buy biscuits online is a very new concept and it would be good to get on this bandwagon early. Affiliate program would be a very appropriate tactic as it would give us a pay for performance kind of a platform and thus it would be very less risk.

An affiliate program needs to be set up from the brands side. This can be targeted at generating sales on our own ecommerce platform. But this would be of a very small scope. Another interesting idea would be to get an affiliate program for getting page subscribers. The technology for this is available but the tracking mechanism needs to be set up by the brand. It is a very new concept that is used in very few industries like travel and hospitality. Getting users to adopt this can be hard. The main advantage is that there is very less upfront cost in this. We only need to pay for performance.

Online advertising technique to be used

The idea is to use advertising to bring up viewership at times when we need a certain amount of critical mass of users engaged at any given point in time. The organic means should be able to support our cause after that critical mass is achieved. This can be in the form of promoting the hashtag/tweets till we get to the top 10 in the trending lists. We need to be confident that once the hashtag is on the trending list it can support itself organically to stay in the trending list for a considerable amount of time. This is ideal as it provides us with a safety net in case our campaign falls flat on a critical day. We need to be prepared with the whole environment set up for online advertising as it is hard to manage multiple channels and messages in an adhoc manner.The main risk in this tactic is that it can get very costly very fast. The manager should have strict limits on the CPC and the total budget allocation or it can go out of hand the drive the ROI down in once sweep.

Areas for improvement for sunfeast

1.     The advertising campaign should focus more on social media. It should involve more of interaction with the consumers so as to build a strong a relationship.

2.     The opening visuals and the background music should be changed. The first visual should make the target group curious to look for the full advertisement.

3.      The content of the campaign should be engaging

4.      Dark Fantasy can be used as an ingredient in food mix like shakes, cakes etc.

Alignment of digital strategy with traditional strategy for sunfeast

There is no question that the explosion in technology has significantly changed the marketing landscape for all types of products. Social media, blogs, websites, articles and email marketing are some of the tools now available to help you reach your audience online and can be important elements of your overall communications approach. With so many choices, it can be overwhelming determining where one should devote your resources. A digital strategy is really no different than a traditional marketing strategy except for the specific tools employed in digital media. In fact, a digital strategy should be integrated into ones overall marketing communications plan. Consider online communications a key element of your overall marketing communications toolkit. With that in mind, it is important to consider their use in light of your communications objectives, brand personality, audiences, and resources. Sunfeast have a well alignment of digital strategy through various online campaigns as well as for their traditional strategy.







All about fashion

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