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Winning the Indian Festive Shopper in 2019

  1. Winning the Indian Festive Shopper 2019
  2. Introducing the Speakers Achint Setia VP, Marketing Achint looks after Myntra’s Digital Marketing, Branded Content, Loyalty Program and Marketing Strategy & Analytics. He has a rich experience across E-Commerce, Media, Management Consulting, and Software Development.
  3. Introducing the Speakers Vasuta Agarwal VP and MD, Asia Pacific Vasuta manages the P&L, Revenue, Strategic Partnerships, and Business Functions for the APAC markets. She has been with InMobi for 6+ years and has worn many hats in her time there from Founders strategy team to product manager to business roles.
  4. Agenda ● 2019 Festive Season - Trends and Opportunity ● The Connected Consumer and their Shopping Journey ● Building a Frictionless Consumer Experience ● Q&A
  5. The 2019 Festive Season Trends and Opportunity
  6. 45% 39% 17% I will spend same as last year I will spend more than last year I am yet to decide Spending Pattern This Festive Season 84% will spend same or more than they did last year! Source: InMobi Festive Season Consumer Survey, India, 2019 Q. How do you expect your festive season spending to change this year compared to last year?
  7. Indians Will spend INR 15,000 on average this festive season Less than Rs 10,000 Between Rs 10,000 To Rs 25,000 Between Rs 25,000 To Rs 50,000 Between Rs 50,000 To Rs 1,000,,000 More than 1,000,000 2018 2019 Festive Spending, 2019 vs. 2018 53% 58% 27% 25% 8% 8% 5% 4% 7% 4% Source: InMobi Festive Season Consumer Survey, India, 2019 Q. How much do you expect to spend in total on festive shopping (Diwali, Dussehra, Christmas etc) this year?
  8. Apparel, Jewellery and Home Appliances rule the shopping list Top Shopping Categories This Festive Season 56% Clothing & Apparel 21% Jewellery 20% Home Appliances 18% Food & Groceries 15% Gadgets 12% Gift Packs Source: InMobi Festive Season Consumer Survey, India, 2019 Q. Which categories are you planning to spend the most on this festive season?
  9. North ● Clothing and Apparel ● Home Appliances South ● Clothing and Apparel ● Jewellery East ● Clothing and Apparel ● Food and Groceries West ● Clothing and Apparel ● Home Appliances Different Regions Shop Differently While Apparel remains the favorite category across the nation, preferences vary from jewelry to appliances to groceries in different regions. Source: InMobi Festive Season Consumer Survey, India, 2019 Q. Which categories are you planning to spend the most on this festive season?
  10. 49% 28% 24% Better Prices Exclusive Deals and Offers Greater Selection Reasons for trying new brands Prices and Discounts are Top of Mind Source: InMobi Festive Season Consumer Survey, India, 2019 Q. What would it take to try out a new brand this festive season?
  11. will use their smartphones throughout their shopping journey this Festive Season 1 / 3 Indians Source: InMobi Festive Season Consumer Survey, India, 2019 Q. Where do you learn about festive season sales and offers? / Which channel do you use to research or explore for festive season shopping? / Which channel are you more likely to make a purchase this festive season?
  12. What are consumers using the smartphone for, this festive season? Researching Product Information Checking Prices and Reviews Getting Store Locations Discount / Deal Hunting Making their Final Purchase Source: InMobi Festive Season Consumer Survey, India, 2019 Q. How do you plan to use mobile this festive season?
  13. The Planned vs Impulse Shopping Divide among Connected Consumers Undecided Planned to buy a particular category but undecided on product Completely unplanned Decided on the product 25% 25% 18% 32% 43% of Festive Shoppers have not made definitive plans leaving marketers with a golden opportunity Source: InMobi Festive Season Consumer Survey, India, 2019 Q. How do you plan to approach this year’s festive season spending?
  14. Planning Peaks a Month before Dussehra and Diwali Over 60% of Indians start planning for festive shopping before Dussehra Source: InMobi Festive Season Consumer Survey, India, 2019 Q. When do you expect to start planning your shopping for this year? 29% 23% 9% 16% 9% Dussehra Diwali Christmas Starting August Starting September Two Weeks Before Dussehra Three Weeks Before Diwali Just Before Diwali One Month Before Christmas 16%
  15. Understanding the Festive Shopper Journey The Connected Indian Consumer
  16. Understanding the Connected Indian Consumer ● Multi-device, Multi-screening ● Mobile-native ● Nonlinear Shopping Journey
  17. Diwali Christmas Starting August Starting September Two Weeks Before Dussehra Three Weeks Before Diwali Just Before Diwali The 3 stages of the festive shopping journey Source: InMobi Festive Season Consumer Survey, India, 2019 Q. When do you expect to start planning your shopping for this year? Learning and Exploring Stage Buying Stage One Month Before Christmas Dussehra 17
  18. The Festive Shopper’s Frictions In Store Learn Explore Buy ● Limited knowledge of sales staff ● Lack of better deals and offers ● Omnichannel experience not offered ● Not enough ratings/reviews ● Limited comparable options ● Product Unavailability ● Limited Discounts ● Limited Payment Options Source: InMobi Festive Season Consumer Survey, India, 2019 Q. What are the biggest issues you face when shopping in a physical store for the festive season?
  19. The Festive Shopper’s Frictions on Mobile Learn Explore Buy ● Lack / Overload of Product Information ● Lack of Communication in Vernacular Languages ● Not enough ratings/reviews ● Lack of ease of product discoverability ● Lack of trial options ● Product differs from online to offline ● Poor after-sales service (delivery, installation etc.) ● Transaction Delay Source: InMobi Festive Season Consumer Survey, India, 2019 Q. What are the biggest issues you face when shopping on mobile for the festive season?
  20. Mobile Intelligence ● Transparent ● Always On ● Integrated Powered by Understand & Identify Engage & Acquire Building a Frictionless Festive Experience
  21. Manyavar leverages mobile to deliver a connected brand experience to consumers Challenge: • Lack of interactive, dynamic (real-time) and customised brand communications • Inability to measure impact on key metrics such as in-store footfall Objective: Drive footfall to its stores in Delhi and Kolkata through a connected and consistent brand communication across media channels • Increase effectiveness of its hyperlocal (offline) campaigns by integrating offline (OOH) and online (mobile) communications • Increase brand recall among consumers already exposed to OOH ads • Leverage mobile signals to measure uplift in in-store footfall Solution: Manyavar planned to • Drive a unique and innovative “cross-media” advertising strategy • Use key mobile signals, especially location, to drive efficiency and effectiveness 21
  22. Understand and Identify your consumers with always-on insights 22 Frequent Mall or High-street Visitors News, Gaming and Entertainment App Users Fashion or Shopping Enthusiasts Leverage location signals to build and manage dynamic user cohorts: • Users in the vicinity of Manyavar OOH ad boards • Users who were earlier exposed to a Manyavar OOH ad • And, users who are in the vicinity of Manyavar stores Mobile- savvy
  23. Engage and Acquire consumers using mobile 23 ● Engaged the dynamic cohorts in an in-app advertising environment at the right time and drove them to the nearest retail store ● Established the uplift on in-store footfall due to the connected experience. Mobile audiences OOH audiences 2+ Million Unique Users 2X higher engagement 5-10% increase in footfall Results:
  24. Winning the Connected Indian Consumer Context-led Shopper Engagement - The Myntra Way
  25. • Consumer time share heavily influenced by IPL across screens • Overall brands spending on a high raising competitive pressures • Fashion a core element of entertainment in IPL • 61% of consumer’s buying decision is influenced by custom content • 80% of people appreciate learning about a company through content • 62% less expensive than traditional marketing Solution Inspirations: Drive user repeats on Myntra app during the 50 day cricket frenzy season of IPL Problem Statement:
  26. The Cricket Season Campaign THE FANS THE FASHIONSTAS THE CONTENT BUFFS Consumer Celebrating biggest fans & their fashion Style game changers of cricket: Mandira & Mayanti 4 part comic series on IPL teams fandom & relationships Interviews and BTS with top cricketers –Tendulkar, Clarke Content
  27. The Cricket Season Campaign – TRUE COLORS
  28. “Fashion Your Sport” campaign creative EXPLORE
  29. Deep integrations with the Myntra Store
  30. Impact of context-led consumer engagement 35 Million Video views 2X higher CTRs of store banners 15% increase In monthly traffic
  31. Thank You
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