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Marketing Strategy
Refurbished Wearable Devices
Permission Marketing
Interruption/Disruption
Marketing
Focus of customer
wallet share than
market share
Getting Customer
Attention Span
Why Move Beyond Regular
Marketing?
Fight for market
share
Customer Attention
Span is shorter
Frequency is costly
Too much disruption
already happening
Situational Level
The Brand Trust Level
The Personal Relationship
Level
The Points Permission Level
Opportunity Seekers
Points liability model
Point chance model
The Intravenous Level
Purchase On Approval
Unlike the interruption/disruption usual marketing techniques, permission marketing aims at growing the business organically and legitimately
The customers work as the brand ambassador for the brand invoking new customers and increased LTV
Increased X marketing
returns
Higher attention spans
More permission to send
information
No Spamming
Stage wise integration
planning is required
Changing the conventional marketing models/techniques
Marketing Strategy
Refurbished Wearable Devices
Products
Category
Smart Watches Tracking Bands
Fashion
Statement
Fitness Tracker
Sports Tracker
Sync Data from
other gadgets
Health
Monitoring
Gauge of
Alertness &
Energy levels
Navigation tools
Media devices
Communication
gadget
Product
Attributes,
Benefits & Values
Aspirational
Need
Social Need Status Need
Marketing Strategy
Refurbished Wearable Devices
Decoding Portal X Customers
Conscious
buyer
Price sensitive
Gadget Hopper
Socially active
Active shopper
Variety Seeker
Transforming User Journey
Brand Assurance
Product Assurance
Functional
Assurance
Warranty
Returns
After sale support
Easy Disposal
Buy Back
?
Building
Customers
First Time Buyer
Data Base Gathering
Building Loyalty
Customer LTV
Portal X attributes, benefits
and values
Customer Building Attributes
Portal X
Marketing Strategy
Refurbished Wearable Devices
Marketing Product – Refurbished Wearable Devices
Functional &
Technical Product
Emotional Need
Satisfied
Market Universe Implications
Fitness tracker, sports
tracker
Health & satisfaction Conscious middle to
upper class working
executives
Low pricing, easy
acceptance, create a
culture
Gauge for alertness and
energy levels
Safety, thrilling, new
experience
Couples, professional
athletes
Highly accessible,
anytime device
Media device &
communication gadget
Convenience, saves time,
affordability
Professionals, business
oriented people
Benefits, features to be
sold, Niche market
Fashion Statement Show-off, status
requirement achieved
Young teenagers going to
colleges
Marketing size increases,
value perceived may drop
Marketing Universe to be targeted? – SEC A, B+, B, C+ (Young students, working professionals, other professionals)
Communication – Pricing point, usability, features, benefits & attributes of products and lifestyle
Category – High-end lifestyle product for ambitious people looking for status upgradation
Marketing Strategy
Refurbished Wearable Devices
Marketing Channel Strategy
POS – Website
 Too generic content
strategy!
 Focus on category
creation, segmentation
and value enhancement
through content not
mere promotions
 Facebook Application to
create point based model
strategy for customer
acquisition and retention
 Only mirror Facebook
Content!
 Focus on creating
customer support
solution through twitter
by flashing handle on
digital as well physical
properties (orders)
 One stop solution for
queries and redressal,
easy tracking and
building CRM
 Generic software made
videos!
 Portal X needs a face to
promote brand as well
products
 In-house videos
showcasing product,
brand, working and
customer benefits
 SEEING IS BELIEVING
 Limited presence!
 Great platform to
enhance cultural and
brand upliftment
 Make TG aware of the
brand plus deals that
would save them money
Portal X
Marketing Strategy
Refurbished Wearable Devices
Campaign Strategy Example
Campaign Platform
Content Targeted @ TG
User Support, CRM, Query
System
POSBLOGS – Content centred at
products, maximum
utilization, taking care and
disposing/buy back
Paid Ads – Google + Facebook
Calendar creation, Apps
creation for referral and
points earning, shareable
content – point is not selling
but building a community –
Example - How to build smart
homes and own gadgets with
X % savings and enhanced
life
After sale – Upselling, cross
selling, Points system to be
used for more purchases,
referral would earn more
points which can be
redeemed for purchase
Personalized emailers and
SMS for special promos, gated
content and first preference
buyer
Portal X
Marketing Strategy
Refurbished Wearable Devices
Campaign Strategy Example
Wearable
Devices
Listed on website along with
product description – POS
Product Attributes, Benefits
& Values
Targeted ads – On Google +
Facebook
Ref: Marketing universe for
TG
Communication Strategy:
Appeal, Fashion, Lifestyle,
Features – All @ XX% Savings
+ Great offers to choose from
(Cross selling, bundle and
upselling)
Get FTB on with special offers
– Cashback, 500 points on
first purchase which can be
redeemed
Facebook Apps for user
stickiness, points earning and
referral
Video featuring team member
explaining the product like
popular gadget shows on TV +
Explain the usability &
SAVINGS
Social Listening, Tracking
Technology Conversations,
Striking conversations explain
the utility of refurbished items
for greater SAVINGS & More
VALUE
• Creating brand loyalty with
customized offers through
data and behavioural analytics
• Newsletter showcasing
technology trends and smart
living with greater savings and
more value
• Spend more and earn more
points – Loyalty system.
Greater the spending, greater
the benefits for customers
Create a customer data bank
of usage and gadget history
in returns of gifts, discounted
purchases and points
Create standard one stop
query and complaint board by
promoting @XXX (handle) on
physical orders and digital
spaces
Portal X

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Marketing Strategy - Digital - For Refurbished Wearable Category

  • 1. Marketing Strategy Refurbished Wearable Devices Permission Marketing Interruption/Disruption Marketing Focus of customer wallet share than market share Getting Customer Attention Span Why Move Beyond Regular Marketing? Fight for market share Customer Attention Span is shorter Frequency is costly Too much disruption already happening Situational Level The Brand Trust Level The Personal Relationship Level The Points Permission Level Opportunity Seekers Points liability model Point chance model The Intravenous Level Purchase On Approval Unlike the interruption/disruption usual marketing techniques, permission marketing aims at growing the business organically and legitimately The customers work as the brand ambassador for the brand invoking new customers and increased LTV Increased X marketing returns Higher attention spans More permission to send information No Spamming Stage wise integration planning is required Changing the conventional marketing models/techniques
  • 2. Marketing Strategy Refurbished Wearable Devices Products Category Smart Watches Tracking Bands Fashion Statement Fitness Tracker Sports Tracker Sync Data from other gadgets Health Monitoring Gauge of Alertness & Energy levels Navigation tools Media devices Communication gadget Product Attributes, Benefits & Values Aspirational Need Social Need Status Need
  • 3. Marketing Strategy Refurbished Wearable Devices Decoding Portal X Customers Conscious buyer Price sensitive Gadget Hopper Socially active Active shopper Variety Seeker Transforming User Journey Brand Assurance Product Assurance Functional Assurance Warranty Returns After sale support Easy Disposal Buy Back ? Building Customers First Time Buyer Data Base Gathering Building Loyalty Customer LTV Portal X attributes, benefits and values Customer Building Attributes Portal X
  • 4. Marketing Strategy Refurbished Wearable Devices Marketing Product – Refurbished Wearable Devices Functional & Technical Product Emotional Need Satisfied Market Universe Implications Fitness tracker, sports tracker Health & satisfaction Conscious middle to upper class working executives Low pricing, easy acceptance, create a culture Gauge for alertness and energy levels Safety, thrilling, new experience Couples, professional athletes Highly accessible, anytime device Media device & communication gadget Convenience, saves time, affordability Professionals, business oriented people Benefits, features to be sold, Niche market Fashion Statement Show-off, status requirement achieved Young teenagers going to colleges Marketing size increases, value perceived may drop Marketing Universe to be targeted? – SEC A, B+, B, C+ (Young students, working professionals, other professionals) Communication – Pricing point, usability, features, benefits & attributes of products and lifestyle Category – High-end lifestyle product for ambitious people looking for status upgradation
  • 5. Marketing Strategy Refurbished Wearable Devices Marketing Channel Strategy POS – Website  Too generic content strategy!  Focus on category creation, segmentation and value enhancement through content not mere promotions  Facebook Application to create point based model strategy for customer acquisition and retention  Only mirror Facebook Content!  Focus on creating customer support solution through twitter by flashing handle on digital as well physical properties (orders)  One stop solution for queries and redressal, easy tracking and building CRM  Generic software made videos!  Portal X needs a face to promote brand as well products  In-house videos showcasing product, brand, working and customer benefits  SEEING IS BELIEVING  Limited presence!  Great platform to enhance cultural and brand upliftment  Make TG aware of the brand plus deals that would save them money Portal X
  • 6. Marketing Strategy Refurbished Wearable Devices Campaign Strategy Example Campaign Platform Content Targeted @ TG User Support, CRM, Query System POSBLOGS – Content centred at products, maximum utilization, taking care and disposing/buy back Paid Ads – Google + Facebook Calendar creation, Apps creation for referral and points earning, shareable content – point is not selling but building a community – Example - How to build smart homes and own gadgets with X % savings and enhanced life After sale – Upselling, cross selling, Points system to be used for more purchases, referral would earn more points which can be redeemed for purchase Personalized emailers and SMS for special promos, gated content and first preference buyer Portal X
  • 7. Marketing Strategy Refurbished Wearable Devices Campaign Strategy Example Wearable Devices Listed on website along with product description – POS Product Attributes, Benefits & Values Targeted ads – On Google + Facebook Ref: Marketing universe for TG Communication Strategy: Appeal, Fashion, Lifestyle, Features – All @ XX% Savings + Great offers to choose from (Cross selling, bundle and upselling) Get FTB on with special offers – Cashback, 500 points on first purchase which can be redeemed Facebook Apps for user stickiness, points earning and referral Video featuring team member explaining the product like popular gadget shows on TV + Explain the usability & SAVINGS Social Listening, Tracking Technology Conversations, Striking conversations explain the utility of refurbished items for greater SAVINGS & More VALUE • Creating brand loyalty with customized offers through data and behavioural analytics • Newsletter showcasing technology trends and smart living with greater savings and more value • Spend more and earn more points – Loyalty system. Greater the spending, greater the benefits for customers Create a customer data bank of usage and gadget history in returns of gifts, discounted purchases and points Create standard one stop query and complaint board by promoting @XXX (handle) on physical orders and digital spaces Portal X