Study of Various Marketing Strategies: Pgpmex Group - 6, Great Learning

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STUDY OF VARIOUS MARKETING STRATEGIES

OF

PGPMex Group – 6, Great Learning


INTRODUCTION
AGENDA
- TDCs Segmentation, Targeting and Positioning Strategy
- Creating customer value through Differentiation
- Choice of Branding Strategy and 4Ps
- Recommended Branding Strategy
- Learnings

TDC and its Goals


- TDC is a casual wear apparel brand founded by Mr. Sanjay Singh in 2012
- The company has two business verticals – B2B fulfillment and Company owned brands
- It follows House of Brand strategy for 3 owned brands – TDC, Fieldgear and Koolho
- The company plans to expand into US and enter the market of Brazil and European countries

PGPMex Group – 6, Great Learning


STRATEGY FOR S - T - P

SEGMENTATION

MEASURABLE SUBSTANTIAL ACCESSIBLE DIFFERENTIABLE ACTIONABLE

• 14-24 years, • India is one of • Optimizing • Uniqueness –


• Event and DJ
young the world’s Search Engine spirit of hip hop
sponsorship
generation, youngest and EDM for TDC
music lovers population • Fast resolution of brand.
• Association with
customer league
• Upper/ Middle • EDM’s explosive grievances • Fair price for
controlling body,
class people growth along sports wear/
Sponsoring
with RAP • Maintaining accessories for
sports events
• Music Inspired culture balance between Fieldgear brand
(EDM/HIP HOP) the supply chain • Aggressive digital
and front end • Good quality
marketing
sales network products but
inexpensive for
Koolho
PGPMex Group – 6, Great Learning
STRATEGY FOR S - T - P

TARGETING POSITIONING
• PERCEPTION : Brand for music
CONCENTRATED inspired adolescents

• Catering to age group 14-24 • IMPRESSION : Making EDM and


HIP HOP a part of lifestyle
• Music, EDM, Hip Hop fans
• FEELINGS : Well accepted and
• Social Media Users endorsed by influencers like DJs
and Celebrities
• Willing to spend upto Rs. 15,000 for EDM
concerts

• Followers of unique fashion statement

PGPMex Group – 6, Great Learning


ADDING CUSTOMER VALUE THROUGH DIFFERENTIATION STRATEGY
CUSTOMER VALUE
Priced between Rs. 1,999 to
Rs. 3,999
TARGETING
DIFFERENTIATION Music resonates with youth

Marketing Tripod Clash with Indian culture and


values

Niche group of music


enthusiasts (Swaggers)
SEGMENTATION POSITIONING
Tight clothes, LED shoes and
“bling infused” accessories

Wide range of super trendy


options

PGPMex Group – 6, Great Learning


PROVIDING SOLUTION FOR NEEDS OF TARGET CUSTOMERS

NEEDS OF CUSTOMERS VALUE PROVIDED BY TDC

1. Unique Requirements – Making statement


with appearance PRODUCT : Developing a range which speaks
loud about Music at comfortable pricing
2. Urge to stand out in the crowd

3. Using own body as canvas for expression INNOVATION : LED shoes and “bling infused”
accessories
4. Unanimously revolved around Music,
EDM, Hip Hop, Rap Culture
MARKETING : Digital Marketing, Involving
5. Undeniably a brand that stands for Youth DJs and Celebrities, generating the urge in
and Adolescence youngsters to have the products

PGPMex Group – 6, Great Learning


EXAMPLES OF TRENDSETTERS THROUGH DIFFERENTIATION STRATEGY

- Innovation is the key

PRICE - Excellent customer service PRODUCT


- Ecosystem of products - Standard in athletic wear
- Price lower than competitors

- Follows ”roll back” pricing strategy - Limited range but high


quality
- Tagline : “Save Money, Live Better” MULTI FACETED - Commitment to continuous
R&D

REFERENCE : https://www.cleverism.com/stand-crowd-examples-differentiation/

PGPMex Group – 6, Great Learning


BRANDING STRATEGY
BRANDED HOUSE ?
HOUSE OF BRANDS

• Influencer Based Brand


TDC • Digital Marketing
• Youth as target & Music as soul

• Target fitness enthusiasts


FIELDGEAR • Association with many sports federation and leagues
• Fair prices

• Target mass people


KOOLHO • Excellent quality
• Far lower prices than the competitors

PGPMex Group – 6, Great Learning


4Ps AND BRANDING STRATEGY

- Trendy and Music Inspired Products for Youth - Rs. 1,999 ~ Rs. 3,999 for upper/middle class target

- Fitness and Sports products for - Fair pricing, value for money for customers
fitness freak
PRODUCT PRICE - Cheaper than market prices
- Good quality products for
mass

PROMOTION PLACE

- Digital and Social Media - Online and Ecommerce portals


Marketing
- Franchises and “Shop-in-Shops” model
- Collaborations with DJs and Celebrities &
sports federation

PGPMex Group – 6, Great Learning


HOUSE OF BRANDS IS THE FUTURE – WHY??

• TDC has no history of legacy to pass on

• TDC is not able to capture position in


Customer’s mind in six years

• Although TDC started well ahead of other


two brands, Fieldgear overtook it in 2017 in
terms of profit

• Having Music Inspired products, Fitness


products and Value for money products all
under same roof will create confusion about
TDC as a brand for customers

• Market is dynamic and changes fast. Today’s


trend can be off the shelf very soon

PGPMex Group – 6, Great Learning


LEARNINGS

• Market research is the key before introduction of any products

• Developing an efficient STP strategy will help to cater customers better

• Knowledge of customer base and competitors is important

• Engaging customers by various methods increase the reach of the brand

• Identifying the best branding strategy for your brand

• Marketing and Ethos of brands should go hand in hand

PGPMex Group – 6, Great Learning


THANK YOU!!
WE ARE READY FOR QUESTIONS…
BY
AKUNURI SAI VISHNU KANTH
ANKUSH DEWALKAR
ARDLY MELBA REENA B
DIPANWITA GHOSH
D RANDHEER KUMAR
KARTHIK P

PGPMex Group – 6, Great Learning

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