anaggh desai
Aug 26
2010

Marketing after the Turbulence

Posted in Consumer & CRM, Marketing, Retail |

With the pundits, government and people believing that the economy is on an upswing, there are some learning’s that the past year or so has provided.

1) Stay the course - It is extremely relevant to continue on the same course, adopted in the past year such as control of costs, evaluate each project, product before taking a plunge, in short not to get swayed by the hubris of good times.

2) Capitalize on the spurt of business opportunities - The idea is to explore different business opportunities that have come up or grown with things looking better.

3) Capitalize on market place opportunities - The past couple of years have shown a trend that besides the metros, different niches & markets have sprung up, which would only grow in the years and it’s important to capitalize before it becomes to expensive.

4) Focus on consistent awareness - A key area, be consistent in creating awareness of your brand, product, merchandise through the bad & good times.

5) Acknowledge potential increase in consumer’s knowledge & changes in shopping behavior - The past year or two has shown a consumer who is intelligent, gathering knowledge from multiple sources & looking for value and as a brand it is critical that this is kept in mind.

6) Emphasize authenticity, optimism & connection - Piggy back on the optimism wave connecting to your consumers, sharing the authenticity of your brand and value provided to them.

7) Maintain constant and consistent dialog with loyal consumers - These are the people who have carried you through the turbulent times and it is important to keep in touch with them, talk to them continuously and consistently.

8) Focus on developed brands - Do not get gungho about launching a slew of brands, focus on the developed brands for the immediate two quarters before introducing new ones.

May 5
2010

CRM - It is changing but are brands ready with it?

Posted in Consumer & CRM, Marketing |

CRM - Customer Relationship Management as it is called, though I prefer calling it Customer Retention Management.

It is the core component of effective brand visibility as well as resultant sales. Whilst, everyone jumps on the band wagon of CRM, they forget that concept needs to be tailored to their industry, brand, people which involves a fair amount of Personalization, Training and some Trend forecasting which should add some unique value to the brand.

The customer with variety of options has become quite fickle & loyalty is now at a premium.

It is quite interesting to see what companies have done in the recent past and how CRM is actually evolving rather than the same vanilla offering of card, points etc.

Shoppers Stop arguably has one of the best programs which they have invested a lot over the 10+ years.

Personally, I like the Future Group - Green Card - which offers instant gratification - 5 - 15% off on immediate purchase, no worries about collation of points etc. And mind you they offer this discount during their Sale time also.

Tata, Westside, Landmark et all offer the vanilla card calling it CRM but which is of no real use. You collect points and encash at their outlets, which is fine, but 1 point for Rs. 50/100 means spending a Lakh or more to get something worthwhile, but yes there are people who keep collecting these cards and then of course need a bigger wallet to carry all of them & then get a back ache because it digs into their rump.

However, there are some good samples of how some brands are changing rules of engagement; some of them

Brioni believes in intensive direct marketing & ensuring sale conversion in a consumer’s own space.

Ferragamo/Kenzo/Cavalli/Paul Smith/Canali all hold Trunk shows in different cities where they don’t have a retail presence. This enables luxury brands to increase not only their sales, but also customer brand awareness, before they finally take the plunge to enter the location.

Emporio Mall in Delhi introduced the concept of Personal Shoppers probably the first time in India where an experienced stylist finds clothes & accessories that fit your tastes, size & budget thereby increasing probability of a sale at relatively low cost and it worked well, but I do not know if it still continues.

Some brands inc liquor brands began referral programs, which were a bit different than the Pyramid scheme or member get member scheme, but these eventually die out, having finished its cycle.

Then of course there are those extended distress sales; SMS marketing; New Brand Ambassadors but is this really aggressive marketing or retailers fear a spillover effect of brand equity dilution.

But in this broad spectrum of generation, catchment, geography that one needs to address in India the only ones that shall succeed would be those who would be able to communicate across multiple channels, quickly, crisply and answer the consumer’s basic question “What is in it for me”?

Mar 2
2010

Basic Marketing Process 101

Posted in CEO Thoughts, Marketing |

Last Friday I had an extremely interactive discussion with a medium sized company’s owner about his Branding & Marketing processes. Whilst, he had done some innovative things, the basics were still lacking. Having convinced him of them, decided to pen down those thoughts.

Product and promotion

Offline:
• Branding
• Image through communication
• Image through medium used

Online:
• Branding and colors on the site
• Branding and colors on the newsletters
• Branding and colors used for any new application or module

Place and physical evidence

• Sign board at the entrance of Office, Stores
• Entrance to be maintained consistently
• Reception, needs to be clean & maintained so there are posters, reading material of relevant products –
necessary to get the visitor to feel that he/ she has come to a great place!
• Security to greet customers well
• Receptionist to greet customers well and cater to the basic courtesies – ask for tea/coffee/water; ask what
they have come for; keep the area for brochures and newspapers in order.
• To keep the reception area well stocked with brochures and any reading material so that the customer’s wait is
pleasurable and worthwhile.

People in service

• The concerned person should not keep the customer waiting for long
• Each and every employee to make the process easy for the customer
• Every employee to adhere to dress code so a uniform and desirable image is formed
• People to adhere to the selling process steps strictly while attending a customer.

Process in service

• Whether it’s online or offline, every department to make the process easy and pleasurable for the customer

I am sure this is not a complete & comprehensive list. But it is the bare minimum. It is extremely easy to get a lot of ideas, however to execute ONE of them takes a lot of effort & time. All products, companies that are BRANDS today are because of CONSISTENCY.

Jan 3
2010

PR and Social Media

Posted in Marketing, Retail, Social Media |

I have been always an experimenter so to speak with basic applied technology (that is to say, I use what I am comfortable with) for the past 10 years and found it pretty effective.

Ryze, Blog, Linkedin, Facebook & finally Twitter used it all. Some good, some bad but it all balances out.

And it was in 2009 that I kept hearing this “Social Media” being used very often. Gentleman from a company that I was consulting about their Online foray kept throwing it to me and soon enough their agency got into the act, giving me the whole nine yards.

Trying to understand the entire social media jungle, I started delving deeper into it - reading about it, meeting people, trying my little experiments that I have chronicled on this blog.

After having joined my current organization, I was bombarded by everyone (except the peon, receptionist & driver) about online strategies, social media (there again) & how PR would help.

In a bid to get away from all these I finally caved in & agreed to meet the shortlisted PR agencies (three in number). And there began my nightmares…

All of them came in with the CEO/VP; Account Director; Account Executive and practically the same Power Point Presentation of 30 plus slides which could be broken up as:

1-10 About their company & our company (straight lift from brouchere)
11-20 About PR snapshots - how it works, value vs straight advertisements etc.
21-30 Social Media - snap shots - print screen of some clients

None of them could answer the following basic questions that should have been internally prepared at their end:

1) Why have you not studied the client? (not even googled it properly)
2) Do you think the client 106 years old has no clue of PR
3) Did the PR brief not tell you client expectations? In which case where are they on any of the 30 slides
4) Social Media - nice meaning from a host of sites etc. But do you think we need it? What should be our strategy? (Answer was FaceBook, Twitter & mind you our Ecommerce site is yet to go up)
5) How would PR work keeping in mind the recommendations? (Sir, worked for our other clients)

Nowhere during the course of the three meetings was the work complete integration, interaction with old, new consumers, commitment used anywhere. Retainer mila, bus kaam ho gaya. And YES they are yet to get back on the questions asked.

I guess this may be one of the reasons that some of my agency friends, acquaintances avoid talking shop with me, which actually may be a good thing.

But that leaves one with a Question - Is PR harnessing the power of social networking sites & blogs to help businesses generate strategic mind share & presence. and If so how many Indian Brands have enjoyed the fruits till now.

I sure would welcome suggestions, criticism, inputs, thoughts on the above….it does not matter whether you understand social media or not; whether you are an agency or client.

Dec 8
2009

Startup Saturday

Posted in Consumer & CRM, Marketing, Retail |

I had been hearing about Startup Saturday from Netra for a while, when one fine day in October, whilst cruising past on the Rajeev Gandhi Sea Link or #bwsl as made popular by b50 I received a call from Annkur asking me if I could attend the interactive session the following week.

In my enthusiasm, I said Yes, and had second thoughts when I received his email “Referring your talk at Startup Saturday, it would be great if you can share your experience with the psyche of Indian consumer in creating international brands out of what has always been a commodity.”

But it was too late, because by then Jeev Daya Netra Prabha had swung into action.

I reached there on the designated Date & Time, entered the room & saw some 35-40 people sitting there listening raptly to the previous speaker. I was hurriedly introduced to the Originator of the idea Aditya Mishra and waited for my turn. (Felt just like waiting before an exam)

Soon enough it was my turn & we started it off. Quite an interactive session it turned out to be, with a lot of questions flying back & forth, before it ended.

I managed to acquit myself reasonably well, I think & for those of you who had asked for a copy of the presentation startupsat10thoct09.

Nov 14
2009

Customer Service - DELL #Win

Posted in Consumer & CRM, Reviews; Recommendations; Appreciation |

After a lot of discussions, debates, advice I had opted for a custom DELL XPS M1330 in March 2008.

Except for a couple of small glitches (more to do with my being a technical retard) the order placement, delivery etc. was all seamless.

I loved working on it (though at times I did miss the finish of my Sony VAIO) but you cannot have everything.

In June 2009, I had done some editing for my daughter’s presentation, but before I could copy it for her, the screen went black:( And the next day we had to leave for Pune with it.

In desperation called DELL, quoted all the numbers etc. was assured that by 12 noon the next day, a technician would be there to ensure that it would work soon.

So whilst the old copy was there & started work on it again, hoping against hope that DELL would deliver. Mind it! They did - promptly at 11.45 am their technical support came with a large box & upon enquiry was told that “Sir, you had opted for 3 yr on site warranty, so I need to change the panel, including the motherboard” Wheee, it took him an hour & half but the complete new DELL was ready & raring to go!

Now only if they work out a super NETBOOK, I do not have to opt for Lenovo or Asus!

Nov 14
2009

Customer Service - Nokia #Win

Posted in Consumer & CRM, Reviews; Recommendations; Appreciation |

I have been a staunch Nokia loyalist from the advent of cell phones in India.

This has more to do with simplicity, choice, upsell, trade in value & their constant WOW service factor.

For my daughter’s birthday in February 2009 we got her a 5800 Xpress phone, which she loved & used it regularly & thoroughly over the past 10 months.

A couple of weeks ago, the screen display went off (a common complaint, I believe). Promptly like the kid’s of today she came with a proposal (albeit with her mother’s approval) that she should trade in this phone etc. etc.

Having complete faith in Nokia, I asked why was it not shown to Nokia care since it was still under warranty. She said they said it would cost 4,500, which is when I realized it is the Priority dealer; so giving her the address sent her to Nokia care in Andheri.

She came back happy that it would be done free of cost. Promptly 2 weeks later, yesterday she has got the phone back with complete panel changed, looking better than before.

Now you know why I still opt for a Nokia (though iPhone & Blackberry do come a close second).

Nov 14
2009

Customer Service - Phillips #Fail

Posted in Consumer & CRM, Reviews; Recommendations; Appreciation |

Some months ago, I had encashed my I-mint points for a Phillips home theatre system; not because I like phillips (on the contrary) but was afraid of points lapsing.

It was delivered, installed, worked fine; till one day last week just stopped! Fair enough, I do not have a climate controlled house etc. etc. & phillips is finicky but?

Found the hotline number & my wife called them up on 5th November, received a promise that someone would come in 24 hours. Nope NO sign at all, called up at 5 pm, was assured that “Our engineers work till 8pm, so you can expect him to come” & they left closing the office at 6 pm

The next day it took 11 calls to the service center/hotline/engineer himself before he turned up at 8.30 pm thereby wasting the entire day, since we could not step out also. This was Day 3 - 7th November. Came & gave a cursory glance & Einstein said, will tell the service centre, because some part would have to be changed, they will give you a call back.

No news till 10th November when they called, said it would have to be taken to the service centre, sent a person who carried it away & that’s the last we have seen of it.

Today is the 14th November & they are still investigating what is wrong with it, no calls, nothing. BTW approximate cost if part is available would be 4000/- if it is out of warranty!

Hello! I do not have a bill, since it is a so called gift - No problem sir, we will check in our records!

This is the 2nd time in my life I have allowed my wife to coerce me into a stupid useless Brand called Phillips! AND it is the last.

Nov 14
2009

Customer Service - Samsung #Win

Posted in Consumer & CRM, Reviews; Recommendations; Appreciation |

I have been a Samsung user for the past 8-9 years. AC; Fridge;  TV and have always loved their VFM & superior customer service.

In the recent past, not really recent, but in February 2009 changed the TV. Last month watching DVD the screen suddenly went blank.

A call was made to the hotline & pronto the next day 12 noon technician turned up to inspect, made a couple of calls & said that we would need to replace the panel. With my heart in my mouth, I asked the cost & was told “Sir, it is in the warranty period so no cost but please have a copy of  the bill ready & we shall come tomorrow”.

The next day a call was received at 4 pm & question asked ” Is it OK if we come at 7pm or do you want us to come the next day morning”

They came in the evening, changed it, collected a copy of the bill & went. All of this was always followed up by a courtesy call/sms to confirm action taken.

In my books, it wins hands down! They have a lifelong customer in me.

Nov 14
2009

Customer Service - Linksys Data #Win

Posted in Consumer & CRM, Reviews; Recommendations; Appreciation |

Sometime in February/March 2009 after MTNL had finally connected my WiFi, in an attempt to curtail costs, I went on a lookout for a dongle which would connect my daughter’s desktop in the adjoining room.

Croma, Vijay Sales; etc. were checked out & prices were not exciting enough. Visiting Hypercity for something else found a good deal nearly 15% cheaper than others on Linksys.

The installation was a breeze, worked fine for the next couple of months, when one fine day, just stopped.

Called Hypercity & got the details, logged in created an account, complained online, called the number in Tardeo & were told to bring it the day after.

Being away, the wife went with the old modem & printout. Unfortunately, there was a mistake in the number, asked her to rectify it on the spot, replaced the dongle with a new upgraded one, wished her all the best & that’s it.

Smooth, minimal people interaction but WOW service. I like it very much!