C H AT T H A ’ S - the authentic GROUP MEMBERS: MARKET S E G M E N TAT I O N TARGET MARKET Refer to Table-9 in the document C U S TO M E R P RO F I L I N G Differentiated Marketing Strategy Families Target Segments Local Tourists Customer Lifetime Value POSITIONING STRATEGY • Target Segment I: Families FAMILIES “For families who love desi cuisine, Chattha’s is an Islamabad-based restaurant that provides one-of-a-kind experience with an exceptional service and awesome food. We offer unique desi taste as we use indigenous spices.” • Target Segment II: Local Tourists LOCAL TO U R I S T S “Among the famous feast spots in Islamabad, Chattha’s provides domestic tourists an excellent opportunity to cherish traditional Pakistani culture with authentic ethnic cuisine to satisfy their discovery- and food-appetite.” THE FOUR P’S FA M I L I E S LO C A L TOURISTS • Logo should include some signage or graphics to show that it is a restaurant. • Tagline “The Authentic” should mention “Desi Food” specifically. • Standard color to be used for printed ad’s backgrounds, logos and all other material Consistency in every advertising medium so that message is perceived same. • All promotion must focus on target customers i.e. local tourists or families CHATTHA’S ON THE BRANDING FRONT..!!! PRICING STRATEGY • Chattha’s is currently following a cost-plus pricing strategy . • They use indigenous spices and ensure highest quality ingredients. • Food items are highly priced as compared to the perceived value of the item by the customers. • Suggestion: Use value-based pricing i.e. setting prices as per perceived value of the food dishes to the customers as per the taste and quantity of the serving. • Reason? • Elastic Demand. PLACE STRATEGY • Channel 1: Direct Distribution • Length of Channel 1: Zero CHATTHA’S CUSTOMERS • Channel 2: Indirect Distribution • Length of Channel 2: One CHATTHA’S FOOD PANDA CUSTOMERS PROMOTION STRATEGY 6M Families • For their interactive and online marketing, they can invite local food and trend bloggers to visit Chattha’s and write reviews as part of their feedback on their own social media pages. • Metrics: ROI, Sales Projection and Marketing expenditure • Action Plan: Chattha's can make a call to these v-loggers for the purpose of inviting them on monthly basis. • They can develop their official website through which they can start taking orders online from customers & deliver through their own delivery boys. • Metrics: ROI, Sales Projection and Marketing expenditure • Action Plan: One Person required to make the website and manage the website; this responsibility can also be allocated to the person already managing their social media accounts. • They can visit shopping malls like Centaurus and Safa Gold, and F-10 Markaz where they can have sales promotion for families visiting for shopping and can distribute discount coupons to them. • Metrics: ROI, Sales Projection and Marketing expenditure CONTINGENCY PLAN FOR FAMILIES 6M LOCAL TOURISTS CONTINGENCY PLAN FOR LOCAL TOURISTS Promotion Mix Elements Description Audience Timing Frequency Cost per Customer Budget Advertising (Print Media, Outdoor Media) In-Travel Advertising: Prepare short visual ad which can be played on televisions in buses; Print small logo along with brief information about restaurant on packs in which they provide food and refreshments. Mass Quarterly Medium Low Rs 30,000/Month for Visual Ad FM Radio Small audio ad can be designed for radio listener tourists and that can be broadcasted on major radio channels Mass Advertising (Broadcast Media) Rs 10,000/Month for Logo Printing on Packs Biannually Low Minimal Rs 20,000 / Month on average of 670 Rs/day Broadcast MONITORING & CONTROL • A feedback form at the end of the meal can be get filled by the customers. • Using this we can also compare the investment made on each plan and the increase in customers and sale through the implementation of that plan. • We have forecasted the annual marketing objectives; a quarterly analysis will be held if we are in the right direction of annual forecasted marketing objectives. ANTICIPATED COMPETITOR RESPONSE • It is highly predictable that if one or more of the marketing plans proves to be successful in attracting customers and increasing sales at Chattha's, it will be imitated by the competitors. • Competitors might start offering even more attractive discounts and offers to customers to drive them away from Chattha's. • Competitors may lower the prices of their products/services also. RISK ANALYSIS • Political disturbances • Economic instability (e.g. inflation) THANK YOU…! ANY QUESTIONS?