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Showing posts with the label Market Penetration

The Lens - Ch 3: More than just 'CRED'its

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Credit card bills had been a treacherous nightmare for most Indians; for the sheer fact that missing a deadline even by day meant paying a hefty fine. But this was a sweet risk when compared to the cashbacks on online payments, discounts on online and offline purchases, complimentary lounges and much more. But then CRED came into the fold, a brand that made this deal more enticing with automatic payment reminders and getting more rewards to pay the bills. And has it been a game changer for all the consumers taking them to the platform in a split second. CRED, founded by Kunal Shah has showcased an exceptional market penetration. Founded in 2018, the company is now valued at close to  $2.2 Billion  with  10 Million+  downloads on Google Playstore and an active user base that constituted to approximately  22% of all credit card consumers  in India.  But what did actually made users to connect with CRED as a consumer? What made it so UNIQUE? 1.       Making it Exclusive: Remember the club

The Lens - Ch 2: The Game Changer Campaign

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In 1995, Indian Ministry of Health took a strong stance on the ban of advertising liquor and tobacco products. The ban was enforced after extensive research from the Indian Ministry of Health found that cigarettes and liquor have adverse effects on a person's health. Ever since the ban, brands like Blenders Pride, Antiquity, Teachers have been marketing their brand using products like Music CDs, soda and liquor glasses etc. to maintain a presence in the eyes of the customer. Such a campaign is known as  "surrogate marketing" . This literally means duplicating the brand image of one product to promote another product by the same brand. With both customers and brands shifting to digital marketing strategies, there was one brand that decided to use this new platform and it's flexibility to establish itself as the top contenders in its domain. This brand is "Dewar's". Dewar's is a blended scotch whiskey brand founded in 1865 by John Dewar Senior an

The Lens - Ch 1: The Ascend of Influencer Marketing

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Suppose you start a new business, what’s the first channel of marketing you could use to penetrate the market? Your friends & family and their word of mouth within their respective circles. The factor that leads to their contacts to believe them – trust . Now consider you have someone who people look up to, or appreciate for their work in a certain area; such people have been coined as influencers; the obvious origin being their ability to influence the decisions of people. Conventionally these people where patrons of the society, leaders of organizations, clubs or unions and even reputed leaders in respective fields. The modern day definition refers to someone who have a strong social media presence on platforms like Instagram, Snapchat or Twitter. The influencer marketing trend has changed the conceptualization of advertisements. Old fashioned advertisements are a 15-30 second clip of a fairy tale world that the product creates whereas with this new marketing channel, the produ