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Happy Wedding
Marketing Plan
EXECUTIVE
SUMMARY
India, at the cusp of the
digitization era, has over 90%
of total internet users’ access
to mobile internet. Thus,
Smartphones are expected to
exhibit a massive 36%
compounded annual growth
rate in the next 5 years.
But, the wedding
industry still needs to
revamp itself and
inculcate technological
innovations to keep in
pace with the fast
growing world.
Happy Wedding is a simple
app that provides a
platform to organize a
perfect wedding. From
managing the budget to
booking all the vendors,
everything can happen at
one place.
This app aims at providing
an easy and affordable
way to the users to make
their wedding day a
memorable one without
any chaos and confusion.
SITUATION
ANALYSIS
Company
Overview
Core competencies:
One -stop destination for all wedding
arrangements for its clients
Reduced time and efforts of customers
Wide range of vendor options depending
on location and budget
Efficient cost management
Implementation of Search engine
optimization & app store optimization
Strategic assets:
Tie ups with online websites like
shaadi.com, bharatmatrimony.com, etc
Arrangements with hotels,
farmhouses, caterers, photographers,
etc
Premium app purchases
Market
Overview
India is known for its colorful culture
and weddings are the perfect example
Moreover, it is fast becoming a
lucrative business opportunity
This industry is flourishing and
statistics corroborate the fact
 Currently, the industry is over Rs
100,000 crore and is growing at 25-30%
annually
Opportunities
Untapped market
The marriage market has a huge
potential target audience
Lesser competitors
Increasing use of smart phones
Threats
Relatively new concept may
take additional effort and time
No benchmarking of
parameters
Requires huge marketing
budget and awareness to create
awareness
Target
Customers
The target group primarily includes the
brides and grooms (age 21 – 40).
 Another customer segment is
represented by the numerous family
members and guests attending weddings,
anniversaries, and similar events.
GOAL
Eye on small percentage of total
market size to start with (about 3%)
Revenue target of Rs. 5 cr in year
one to Rs. 25 cr in 5 years
10,000+ listed vendors
Establish brand equity and
customer satisfaction
STRATEGY
Target
market
Customer needs
Checking the availability, cost, reviews, etc of
different wedding venues according to the
location and budget set
Finding vendors, contacting and booking them
Performing the tasks on schedule to arrange
the perfect wedding
Allocating budget efficiently and smartly
Keeping a track of the payments, advances
paid and the dues
Collaborators
Suppliers
Channel members
Communication partners
Suppliers
Tie ups with various wedding venues like
hotels, farmhouses, destination wedding
locations etc
Tie up with various vendors
GOALS
These suppliers are the primary source of
revenue
They are also an important source of word of
mouth publicity and promotion
Channel Members
App Store or Play Store – the best way to
acquire new users, due to the high intent to
download due to credibility of Google or Apple
Google Adwords – cost effective channel
that can create a hype about the app and
increase customer base.
GOALS
The goal of these channels is to effectively
increase the visibility of the app
These should also generate large amounts of
traffic on the app and retain them.
Communication partners
Social media - Twitter’s App Cards, Facebook’s App
Install Ads, and Pinterest’s App Pins are great way to
reach a very targeted audience
Blogs and multimedia - Well produced app demos or
promotional videos provide best chance of getting
content viewed and shared by large audiences
GOALS
Effectively target a huge and appropriate
consumer base
Fostering brand awareness and helping customers
evaluate the brand’s perceived ability to meet a current
relevant need
Company
Key stakeholders include:
Customers
Suppliers
Investors
Advertisers and publishers
IT department
Points of parity
Easy and efficient planning of
all the events and tasks of the
wedding, vendors, guest list, etc
 Proper budget allocation to
effectively manage the affairs of
the wedding
Points of difference
Booking wedding venues and various
vendors for the various events of the
wedding
Through a free personalized dashboard
couples are served an automatic feed of
relevant content, tools and solutions that
are based on their stage in the wedding
process and tied to their preferences, such
as wedding location, style and color.
Technological Context
India has a large and growing millennial
population – young, tech-savvy consumers
with rising earnings potential and
disposable income.
With 220mn users, India is now world’s
second-biggest smartphone market
By 2017, India will have more than 350
million smartphones.
Socio cultural context
Currently, the country has a population
of around 1.25 billion and considering an
average family with five members, there
are around 250million families in India
With about one marriage per family
every 20 years, the country averages
roughly 10 million marriages every year
Presently, it is a Rs. 100,000 cr industry
and is expected to grow 25-30% annually
Value
Proposition
Customer Value
Facilitates wedding management-
clothes, gifts, venues, food and
beverages, etc
Free, simple and customizable
checklists to do the tasks on schedule
The ‘free’ budget tool to allocate
budget efficiently and smartly by
receiving suggestions and estimates.
Collaborator value
Huge customer base
Well established app in the market
with less competition and growth
potential
Extremely agile and user-focused
team
Company value
Stakeholders: increased profits and
return on investment, growth
potential, financial stability,
association with good brand image
Employees: exposure, flexible and
adaptable work environment,
performance dependent rewards and
opportunities, job security
TACTICS
Product
Free Version
The customers will be able to find wedding venues and
vendors, contact them and book them. Vendors will be
available for the following categories:
Beauty, health and spa
Flowers and Decoration
Entertainment (DJ)
Food and Beverages
Gifts and Favors
Attire and Accessories
Photography and video
Wedding cards
Hotel bookings
Miscellaneous
Simple and customizable checklists and the budget tool
are also available
Premium Version
Premium’ feature of the app will include
the options of booking of destination
wedding locations. It will also include
services that complement destination
weddings such as,
Flight bookings
Pick and drop transportation
facilities
Star performances
Choreographers
Brand
Name- ‘Happy Wedding’
Tag Line –
“Plan your most memorable day with us”
Core brand Values - Variety, ease and
efficiency are the main attributes
Price
Identifying the target market segment
Determining pricing objective
Estimating demand
Estimating costs
Analyzing competitor’s costs and prices
Selecting the final price
Pricing process
The suggested price for the premium
version of the app is about $51
The customers who opt for the
destination weddings will mostly be well
off and more affluent ones and therefore,
the cost selected is not too high and not
too low
The facilities available in this version of
the app like star performances are
otherwise not easily available, and hence,
the cost reflects the tie-up costs with
these groups
Incentives
To customers
Price reduction – rebates, coupons for
dollars or percentage off
Loyalty programs
Trade up programs
Free upgrade with purchase
To collaborators
Recognition and self-worth
Money has been and continues to be
an important motivator for
participating in collaboration
To employees
Reward
Recognition
Bonus
Instead of fixed work timings, flexible
environment with daily goals
Communication
Users found online thus, cost-effective methods like Facebook,
Twitter and even Pinterest can be used to build followers
Building a website to showcase the app
Starting a blog
Pitching to websites that review apps
Creating a video of how the app works
Gathering potential customer email addresses through non-
monetary tie-ups with sites like shaadi.com, etc by providing them
incentives like increasing their reach through publicity from the
app and its website.
Encourage people to share content on their social media handles
and providing them with incentives
Distribution
App Stores/Recommendation Sites -There are
a large number of app stores like the Android
Market, Nokia’s Ovi Store, Microsoft’s Windows
Phone Marketplace and others, plus
independent app stores (like GetJar), carrier app
stores and more
 Specialist Press - Another good way to get the
app distributed is having it reviewed the by
press, especially those who review apps
exclusively
Incentivized CPI -The acquisition of
incentivized user downloads (incent traffic) can
assist in growing your mobile app installs and top
list rankings. One of the most effective methods
for boosting install rates over a short period of
time
IMPLEMENTATION
Infrastructure
Happy Wedding
Sales and
Marketing
Information
Technology Commercial Vendor Tie-Ups
Finance and
Accounts
Human
Resources
Processes
Scanning the marketing environment, forecasting
demand, and conducting marketing research
Creating customer value and customer relationships
Analyzing consumer markets
Identifying market segments and targets
Crafting brand positioning and brand equity
Setting product strategy
Developing pricing strategies and programs
Delivering value
Designing and managing integrated marketing channels
Schedule
Assessing market opportunities & customer value 3 months
Identifying market segments and targets 2 months
Setting product strategy 1 month
Developing pricing strategies 3 weeks
Designing integrated marketing channels 1 month
Managing retailing, wholesaling & logistics 2 months
Created by Urmi Arora,
NSIT, during a marketing
internship under Prof.
Sameer Mathur, IIM
Lucknow
Plan Your Perfect Wedding with "Happy Wedding

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Plan Your Perfect Wedding with "Happy Wedding

  • 3. India, at the cusp of the digitization era, has over 90% of total internet users’ access to mobile internet. Thus, Smartphones are expected to exhibit a massive 36% compounded annual growth rate in the next 5 years.
  • 4. But, the wedding industry still needs to revamp itself and inculcate technological innovations to keep in pace with the fast growing world.
  • 5. Happy Wedding is a simple app that provides a platform to organize a perfect wedding. From managing the budget to booking all the vendors, everything can happen at one place.
  • 6. This app aims at providing an easy and affordable way to the users to make their wedding day a memorable one without any chaos and confusion.
  • 9. Core competencies: One -stop destination for all wedding arrangements for its clients Reduced time and efforts of customers Wide range of vendor options depending on location and budget Efficient cost management Implementation of Search engine optimization & app store optimization
  • 10. Strategic assets: Tie ups with online websites like shaadi.com, bharatmatrimony.com, etc Arrangements with hotels, farmhouses, caterers, photographers, etc Premium app purchases
  • 12. India is known for its colorful culture and weddings are the perfect example Moreover, it is fast becoming a lucrative business opportunity This industry is flourishing and statistics corroborate the fact  Currently, the industry is over Rs 100,000 crore and is growing at 25-30% annually
  • 13.
  • 14. Opportunities Untapped market The marriage market has a huge potential target audience Lesser competitors Increasing use of smart phones
  • 15. Threats Relatively new concept may take additional effort and time No benchmarking of parameters Requires huge marketing budget and awareness to create awareness
  • 17. The target group primarily includes the brides and grooms (age 21 – 40).  Another customer segment is represented by the numerous family members and guests attending weddings, anniversaries, and similar events.
  • 18. GOAL
  • 19. Eye on small percentage of total market size to start with (about 3%) Revenue target of Rs. 5 cr in year one to Rs. 25 cr in 5 years 10,000+ listed vendors Establish brand equity and customer satisfaction
  • 22. Customer needs Checking the availability, cost, reviews, etc of different wedding venues according to the location and budget set Finding vendors, contacting and booking them Performing the tasks on schedule to arrange the perfect wedding Allocating budget efficiently and smartly Keeping a track of the payments, advances paid and the dues
  • 24. Suppliers Tie ups with various wedding venues like hotels, farmhouses, destination wedding locations etc Tie up with various vendors GOALS These suppliers are the primary source of revenue They are also an important source of word of mouth publicity and promotion
  • 25. Channel Members App Store or Play Store – the best way to acquire new users, due to the high intent to download due to credibility of Google or Apple Google Adwords – cost effective channel that can create a hype about the app and increase customer base. GOALS The goal of these channels is to effectively increase the visibility of the app These should also generate large amounts of traffic on the app and retain them.
  • 26. Communication partners Social media - Twitter’s App Cards, Facebook’s App Install Ads, and Pinterest’s App Pins are great way to reach a very targeted audience Blogs and multimedia - Well produced app demos or promotional videos provide best chance of getting content viewed and shared by large audiences GOALS Effectively target a huge and appropriate consumer base Fostering brand awareness and helping customers evaluate the brand’s perceived ability to meet a current relevant need
  • 28. Points of parity Easy and efficient planning of all the events and tasks of the wedding, vendors, guest list, etc  Proper budget allocation to effectively manage the affairs of the wedding
  • 29. Points of difference Booking wedding venues and various vendors for the various events of the wedding Through a free personalized dashboard couples are served an automatic feed of relevant content, tools and solutions that are based on their stage in the wedding process and tied to their preferences, such as wedding location, style and color.
  • 30. Technological Context India has a large and growing millennial population – young, tech-savvy consumers with rising earnings potential and disposable income. With 220mn users, India is now world’s second-biggest smartphone market By 2017, India will have more than 350 million smartphones.
  • 31. Socio cultural context Currently, the country has a population of around 1.25 billion and considering an average family with five members, there are around 250million families in India With about one marriage per family every 20 years, the country averages roughly 10 million marriages every year Presently, it is a Rs. 100,000 cr industry and is expected to grow 25-30% annually
  • 33. Customer Value Facilitates wedding management- clothes, gifts, venues, food and beverages, etc Free, simple and customizable checklists to do the tasks on schedule The ‘free’ budget tool to allocate budget efficiently and smartly by receiving suggestions and estimates.
  • 34. Collaborator value Huge customer base Well established app in the market with less competition and growth potential Extremely agile and user-focused team
  • 35. Company value Stakeholders: increased profits and return on investment, growth potential, financial stability, association with good brand image Employees: exposure, flexible and adaptable work environment, performance dependent rewards and opportunities, job security
  • 38. Free Version The customers will be able to find wedding venues and vendors, contact them and book them. Vendors will be available for the following categories: Beauty, health and spa Flowers and Decoration Entertainment (DJ) Food and Beverages Gifts and Favors Attire and Accessories Photography and video Wedding cards Hotel bookings Miscellaneous Simple and customizable checklists and the budget tool are also available
  • 39. Premium Version Premium’ feature of the app will include the options of booking of destination wedding locations. It will also include services that complement destination weddings such as, Flight bookings Pick and drop transportation facilities Star performances Choreographers
  • 40. Brand
  • 41. Name- ‘Happy Wedding’ Tag Line – “Plan your most memorable day with us” Core brand Values - Variety, ease and efficiency are the main attributes
  • 42. Price
  • 43. Identifying the target market segment Determining pricing objective Estimating demand Estimating costs Analyzing competitor’s costs and prices Selecting the final price Pricing process
  • 44. The suggested price for the premium version of the app is about $51 The customers who opt for the destination weddings will mostly be well off and more affluent ones and therefore, the cost selected is not too high and not too low The facilities available in this version of the app like star performances are otherwise not easily available, and hence, the cost reflects the tie-up costs with these groups
  • 46. To customers Price reduction – rebates, coupons for dollars or percentage off Loyalty programs Trade up programs Free upgrade with purchase
  • 47. To collaborators Recognition and self-worth Money has been and continues to be an important motivator for participating in collaboration
  • 48. To employees Reward Recognition Bonus Instead of fixed work timings, flexible environment with daily goals
  • 50. Users found online thus, cost-effective methods like Facebook, Twitter and even Pinterest can be used to build followers Building a website to showcase the app Starting a blog Pitching to websites that review apps Creating a video of how the app works Gathering potential customer email addresses through non- monetary tie-ups with sites like shaadi.com, etc by providing them incentives like increasing their reach through publicity from the app and its website. Encourage people to share content on their social media handles and providing them with incentives
  • 52. App Stores/Recommendation Sites -There are a large number of app stores like the Android Market, Nokia’s Ovi Store, Microsoft’s Windows Phone Marketplace and others, plus independent app stores (like GetJar), carrier app stores and more  Specialist Press - Another good way to get the app distributed is having it reviewed the by press, especially those who review apps exclusively Incentivized CPI -The acquisition of incentivized user downloads (incent traffic) can assist in growing your mobile app installs and top list rankings. One of the most effective methods for boosting install rates over a short period of time
  • 55. Happy Wedding Sales and Marketing Information Technology Commercial Vendor Tie-Ups Finance and Accounts Human Resources
  • 57. Scanning the marketing environment, forecasting demand, and conducting marketing research Creating customer value and customer relationships Analyzing consumer markets Identifying market segments and targets Crafting brand positioning and brand equity Setting product strategy Developing pricing strategies and programs Delivering value Designing and managing integrated marketing channels
  • 59. Assessing market opportunities & customer value 3 months Identifying market segments and targets 2 months Setting product strategy 1 month Developing pricing strategies 3 weeks Designing integrated marketing channels 1 month Managing retailing, wholesaling & logistics 2 months
  • 60. Created by Urmi Arora, NSIT, during a marketing internship under Prof. Sameer Mathur, IIM Lucknow