SlideShare ist ein Scribd-Unternehmen logo
Christopher Brown
Research & Strategy Proposal
10/17/2011
Background

Arora Moda is a small Internet retailer that sells both
fine and costume jewelry, including necklaces,
bracelets, earrings, and rings. Founded Fort
Lauderdale, FL by Christopher Brown, Arora Moda has
been in business since 2002.
Primary Customers
• Men shopping for their
  wives/girlfriends

• Women shopping for
  themselves

• Men and women
  shopping for their
  mothers.
Competitive Advantage
• Aurora Moda’s competitive advantage is its
  excellent customer support and its “personal
  shopper” service.
• The personal shopper service is a live chat with a
  company representative that helps the customer
  select the best piece of jewelry for their budget and
  desires
• The company sees spikes in site traffic and sales
  during the holidays (Christmas, Valentine’s, and
  Mother’s Day)
Virtual Goods

• The virtual goods industry is booming!

• Analysts estimate that virtual goods could bring in a
  billion dollars in the United States and around $5
  billion worldwide this year

• Arora Moda could use virtual good as an incentive
  to customers to make a purchase with us.
“It’s not about the goods itself, it’s about the underlying human emotion or desire.”




“The recipient knows the person took time, picked something meaningful and spent
                                  money on it.”
Social Commerce
• Social commerce is a
  subset of electronic
  commerce that involves
  using social media,
  online media that
  supports social
  interaction and user
  contributions, to assist in
  the online buying and
  selling of products and
  services.
Integration of Social
     Commerce
Arora Moda will be able to provide an extensive list
   services and benefits to our online customers:




•   Receive online group-buy deals.
•   Flash sales targeted to specific demographic
•   Sharing of in-store experience online
•   Receive benefits from customer loyalty online
•   Reward Facebook credits with purchases.
Success Stories
P&G experimented with a storefront for
Pantene, where consumers could
purchase products before they were
introduced in stores. Not only did this
approach integrate F-commerce into
the social equation, it satisfied two of
the top reasons consumers consistently
report why they “follow” and “like”
brands in social media: access to
exclusive products and rewards or
discounts as a benefit of the
connection.
References
•   http://virtualgoodsinsider.com/2009/06/23/five-reason-why-people-send-virtual-gifts/
•   "The Goods May Be Virtual, But The Profit Is Real" (Miller and Stone, 2009) at
    http://www.nytimes.com/2009/11/07/technology/internet/07virtual.html?_r=1
•   http://socialdegree.com/2009/08/05/4-advantages-of-a-virtual-goods-business-model/
•   “Facebook Hopes Credits Make Dollars” (2010) at
    http://www.nytimes.com/2010/09/23/technology/23facebook.html?_r=1
•   “Online Retailers to Offer Facebook Credits as Shopping Incentives” (Van Grove, 2010) at
    http://mashable.com/2010/09/27/facebook-credits-for-online-shopping/
•   “The Business Guide to Facebook Part 2: From E-Commerce to F-Commerce” (2010) at
    http://www.briansolis.com/2010/10/the-business-guide-to-facebook-part-2-from-e-
    commerce-to-f-commerce/
•   “How Big Retail is Deploying Social Commerce” (2010) at
    http://socialcommercetoday.com/how-big-retail-is-deploying-social-commerce-
    presentation-download/

Weitere ähnliche Inhalte

Ähnlich wie Research & Strategy Business Proposal: "Arora Moda"

Technology impact on shopping today
Technology impact on shopping todayTechnology impact on shopping today
Technology impact on shopping today
Sydney K
 
Bain brief making_it_personal
Bain brief making_it_personalBain brief making_it_personal
Bain brief making_it_personal
Ida Nair
 
Flash sales
Flash salesFlash sales
Flash sales
ljamal92
 
Flash sales
Flash salesFlash sales
Flash sales
ljamal92
 

Ähnlich wie Research & Strategy Business Proposal: "Arora Moda" (20)

The Future of Retail is 'Here' and 'Now'
The Future of Retail is 'Here' and 'Now'The Future of Retail is 'Here' and 'Now'
The Future of Retail is 'Here' and 'Now'
 
Final project business model alyssa espiritu
Final project business model alyssa espirituFinal project business model alyssa espiritu
Final project business model alyssa espiritu
 
Technology impact on shopping today
Technology impact on shopping todayTechnology impact on shopping today
Technology impact on shopping today
 
Bain brief making_it_personal
Bain brief making_it_personalBain brief making_it_personal
Bain brief making_it_personal
 
E-Commerce Trends and Innovations 2014
E-Commerce Trends and Innovations 2014E-Commerce Trends and Innovations 2014
E-Commerce Trends and Innovations 2014
 
The future of retail
The future of retailThe future of retail
The future of retail
 
consumer behaviour.pptx
consumer behaviour.pptxconsumer behaviour.pptx
consumer behaviour.pptx
 
Online to offline
Online to offlineOnline to offline
Online to offline
 
Inside Retail Academy: Managing Marketing in a Multi Channel Retail Environment
Inside Retail Academy: Managing Marketing in a Multi Channel Retail EnvironmentInside Retail Academy: Managing Marketing in a Multi Channel Retail Environment
Inside Retail Academy: Managing Marketing in a Multi Channel Retail Environment
 
E-Commerce Vs Traditional Marketing
E-Commerce Vs Traditional MarketingE-Commerce Vs Traditional Marketing
E-Commerce Vs Traditional Marketing
 
Presentation on social marketing, mobile marketing, local marketing
Presentation on social marketing, mobile marketing, local marketingPresentation on social marketing, mobile marketing, local marketing
Presentation on social marketing, mobile marketing, local marketing
 
Flash sales report
Flash sales reportFlash sales report
Flash sales report
 
Differentiate Instead Of Discount
Differentiate Instead Of DiscountDifferentiate Instead Of Discount
Differentiate Instead Of Discount
 
Flash sales
Flash salesFlash sales
Flash sales
 
Flash sales
Flash salesFlash sales
Flash sales
 
India times Shopping
India times ShoppingIndia times Shopping
India times Shopping
 
20131018 nyc it ventures
20131018 nyc it ventures20131018 nyc it ventures
20131018 nyc it ventures
 
1-800-Flowers Jordan Glogau Presentation - BDI 11/11/10 Social Commerce Leade...
1-800-Flowers Jordan Glogau Presentation - BDI 11/11/10 Social Commerce Leade...1-800-Flowers Jordan Glogau Presentation - BDI 11/11/10 Social Commerce Leade...
1-800-Flowers Jordan Glogau Presentation - BDI 11/11/10 Social Commerce Leade...
 
#Think Big- Pool Corp
#Think Big- Pool Corp #Think Big- Pool Corp
#Think Big- Pool Corp
 
Storeboard WeFunder Investor Presentation
Storeboard WeFunder Investor PresentationStoreboard WeFunder Investor Presentation
Storeboard WeFunder Investor Presentation
 

Kürzlich hochgeladen

anas about venice for grade 6f about venice
anas about venice for grade 6f about veniceanas about venice for grade 6f about venice
anas about venice for grade 6f about venice
anasabutalha2013
 
chapter 10 - excise tax of transfer and business taxation
chapter 10 - excise tax of transfer and business taxationchapter 10 - excise tax of transfer and business taxation
chapter 10 - excise tax of transfer and business taxation
AUDIJEAngelo
 
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi_compresse...
NewBase   24 May  2024  Energy News issue - 1727 by Khaled Al Awadi_compresse...NewBase   24 May  2024  Energy News issue - 1727 by Khaled Al Awadi_compresse...
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi_compresse...
Khaled Al Awadi
 

Kürzlich hochgeladen (20)

12 Conversion Rate Optimization Strategies for Ecommerce Websites.pdf
12 Conversion Rate Optimization Strategies for Ecommerce Websites.pdf12 Conversion Rate Optimization Strategies for Ecommerce Websites.pdf
12 Conversion Rate Optimization Strategies for Ecommerce Websites.pdf
 
What are the main advantages of using HR recruiter services.pdf
What are the main advantages of using HR recruiter services.pdfWhat are the main advantages of using HR recruiter services.pdf
What are the main advantages of using HR recruiter services.pdf
 
Business Valuation Principles for Entrepreneurs
Business Valuation Principles for EntrepreneursBusiness Valuation Principles for Entrepreneurs
Business Valuation Principles for Entrepreneurs
 
anas about venice for grade 6f about venice
anas about venice for grade 6f about veniceanas about venice for grade 6f about venice
anas about venice for grade 6f about venice
 
Evolution and Growth of Supply chain.pdf
Evolution and Growth of Supply chain.pdfEvolution and Growth of Supply chain.pdf
Evolution and Growth of Supply chain.pdf
 
Improving profitability for small business
Improving profitability for small businessImproving profitability for small business
Improving profitability for small business
 
chapter 10 - excise tax of transfer and business taxation
chapter 10 - excise tax of transfer and business taxationchapter 10 - excise tax of transfer and business taxation
chapter 10 - excise tax of transfer and business taxation
 
5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer
 
Did Paul Haggis Ever Win an Oscar for Best Filmmaker
Did Paul Haggis Ever Win an Oscar for Best FilmmakerDid Paul Haggis Ever Win an Oscar for Best Filmmaker
Did Paul Haggis Ever Win an Oscar for Best Filmmaker
 
Falcon Invoice Discounting Setup for Small Businesses
Falcon Invoice Discounting Setup for Small BusinessesFalcon Invoice Discounting Setup for Small Businesses
Falcon Invoice Discounting Setup for Small Businesses
 
Global Interconnection Group Joint Venture[960] (1).pdf
Global Interconnection Group Joint Venture[960] (1).pdfGlobal Interconnection Group Joint Venture[960] (1).pdf
Global Interconnection Group Joint Venture[960] (1).pdf
 
Lookback Analysis
Lookback AnalysisLookback Analysis
Lookback Analysis
 
Matt Conway - Attorney - A Knowledgeable Professional - Kentucky.pdf
Matt Conway - Attorney - A Knowledgeable Professional - Kentucky.pdfMatt Conway - Attorney - A Knowledgeable Professional - Kentucky.pdf
Matt Conway - Attorney - A Knowledgeable Professional - Kentucky.pdf
 
India’s Recommended Women Surgeons to Watch in 2024.pdf
India’s Recommended Women Surgeons to Watch in 2024.pdfIndia’s Recommended Women Surgeons to Watch in 2024.pdf
India’s Recommended Women Surgeons to Watch in 2024.pdf
 
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi_compresse...
NewBase   24 May  2024  Energy News issue - 1727 by Khaled Al Awadi_compresse...NewBase   24 May  2024  Energy News issue - 1727 by Khaled Al Awadi_compresse...
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi_compresse...
 
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptx
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxTaurus Zodiac Sign_ Personality Traits and Sign Dates.pptx
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptx
 
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-indiafalcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
 
LinkedIn Masterclass Techweek 2024 v4.1.pptx
LinkedIn Masterclass Techweek 2024 v4.1.pptxLinkedIn Masterclass Techweek 2024 v4.1.pptx
LinkedIn Masterclass Techweek 2024 v4.1.pptx
 
USA classified ads posting – best classified sites in usa.pdf
USA classified ads posting – best classified sites in usa.pdfUSA classified ads posting – best classified sites in usa.pdf
USA classified ads posting – best classified sites in usa.pdf
 
Pitch Deck Teardown: RAW Dating App's $3M Angel deck
Pitch Deck Teardown: RAW Dating App's $3M Angel deckPitch Deck Teardown: RAW Dating App's $3M Angel deck
Pitch Deck Teardown: RAW Dating App's $3M Angel deck
 

Research & Strategy Business Proposal: "Arora Moda"

  • 1. Christopher Brown Research & Strategy Proposal 10/17/2011
  • 2. Background Arora Moda is a small Internet retailer that sells both fine and costume jewelry, including necklaces, bracelets, earrings, and rings. Founded Fort Lauderdale, FL by Christopher Brown, Arora Moda has been in business since 2002.
  • 3. Primary Customers • Men shopping for their wives/girlfriends • Women shopping for themselves • Men and women shopping for their mothers.
  • 4. Competitive Advantage • Aurora Moda’s competitive advantage is its excellent customer support and its “personal shopper” service. • The personal shopper service is a live chat with a company representative that helps the customer select the best piece of jewelry for their budget and desires • The company sees spikes in site traffic and sales during the holidays (Christmas, Valentine’s, and Mother’s Day)
  • 5. Virtual Goods • The virtual goods industry is booming! • Analysts estimate that virtual goods could bring in a billion dollars in the United States and around $5 billion worldwide this year • Arora Moda could use virtual good as an incentive to customers to make a purchase with us.
  • 6. “It’s not about the goods itself, it’s about the underlying human emotion or desire.” “The recipient knows the person took time, picked something meaningful and spent money on it.”
  • 7. Social Commerce • Social commerce is a subset of electronic commerce that involves using social media, online media that supports social interaction and user contributions, to assist in the online buying and selling of products and services.
  • 9. Arora Moda will be able to provide an extensive list services and benefits to our online customers: • Receive online group-buy deals. • Flash sales targeted to specific demographic • Sharing of in-store experience online • Receive benefits from customer loyalty online • Reward Facebook credits with purchases.
  • 10. Success Stories P&G experimented with a storefront for Pantene, where consumers could purchase products before they were introduced in stores. Not only did this approach integrate F-commerce into the social equation, it satisfied two of the top reasons consumers consistently report why they “follow” and “like” brands in social media: access to exclusive products and rewards or discounts as a benefit of the connection.
  • 11. References • http://virtualgoodsinsider.com/2009/06/23/five-reason-why-people-send-virtual-gifts/ • "The Goods May Be Virtual, But The Profit Is Real" (Miller and Stone, 2009) at http://www.nytimes.com/2009/11/07/technology/internet/07virtual.html?_r=1 • http://socialdegree.com/2009/08/05/4-advantages-of-a-virtual-goods-business-model/ • “Facebook Hopes Credits Make Dollars” (2010) at http://www.nytimes.com/2010/09/23/technology/23facebook.html?_r=1 • “Online Retailers to Offer Facebook Credits as Shopping Incentives” (Van Grove, 2010) at http://mashable.com/2010/09/27/facebook-credits-for-online-shopping/ • “The Business Guide to Facebook Part 2: From E-Commerce to F-Commerce” (2010) at http://www.briansolis.com/2010/10/the-business-guide-to-facebook-part-2-from-e- commerce-to-f-commerce/ • “How Big Retail is Deploying Social Commerce” (2010) at http://socialcommercetoday.com/how-big-retail-is-deploying-social-commerce- presentation-download/

Hinweis der Redaktion

  1. Christopher BrownResearch & Strategy Proposal10/17/2011
  2. Wants to increase sales throughout the year. Thus, we have been researching two concepts that may help increase sales.
  3. Roughly 50%/50% distribution of men and women, women are responsible for 80% of virtual giftings. Weakness: Most of the momentum in the virtual goods market comes not from gifts but from social games, men are only responsible for 20% of virtual giftings
  4. Arora Moda could offer complimentary E-cards to be sent out or our other creative digital media to be sent out to a loved one when a purchase is made.Quotes by Moshe Koyfman, a principal at Spark Capital, which has invested in two virtual-goods start-ups.
  5. Hitting the keys “ALT TAB” allows us to switch the windows we have open on the desktop. In Facebook, Tabs unlock Facebook’s customization features. Whereas storefronts can take residence as a designated destination within the Facebook brand page.
  6. 1-800-Flowers.com hosts a shoplet within Facebook where consumers can browse through arrangements and order without leaving Facebook.Other companies: Dunkin Donuts, Ford, Starbucks,