CURRENT SCENARIO MARKET SCENARIO KEY FACTS PERTAINING TO FLIPKART & TBBD Sources: Flipkart, Mint 1 Customer Pain Points IDENTIFICATION OF ISSUES 666mn 250mn Users visited Flipkart on TBBD in 2020 Customers reached across the nation Hyper-Segmentation 2 New/ Non engaged customers Word Cloud based on Tweets mentioning TBBD • Lack of trust & Fear of receiving Damaged products decreased consumer confidence • Late Delivery & Low Quality products lead to cancellation of orders • Allegations of Price Hike & False discount on products made people cite Flipkart as not credible • Out of stock products a common complaint by customers Existing low loyalty customers Engaged customers IMPLEMENTATION MAP RECOMMENDATIONS 52% Customers came from Tier 3 cities 110 Orders were placed per second 4 Building segment specific goals & strategies Market Basket Analysis Need : Become part of evoked set in purchase decision by introducing them to Flipkart experience Communication Message : Showcasing the value through affordable deals to increase app downloads Need : Make Flipkart first choice while looking for products online Communication Message : Communicating improved customer experience to enhance engagement Need : Simulate repurchases to improve customer retention Communication Message : Personalized communication complemented with strategies like referrals • Market Basket Analysis helps retailers to strategically place products in the physical store or place feasible online recommendations to increase sales • We found Personal Care Products, Baby Products, Fitness Supplies are products which are most commonly bought together 3 Mapping Customer Journey 1.5X Transacting sellers in 2020 over 2019 ULTIMATE SOLUTION Objective: Enabling a step change in consumer experience and perception towards Flipkart & TBBD Phase 1 Phase 2 FLIPKART EXPERIENCE Begin building the exceptional Flipkart experience by promotional activities and immersive advertisements Phase 3 UNIQUELY FOR YOU Launch across new category segments and develop new services and strong supply chain capabilities MY SHOPPING GUIDE Develop capabilities to customize products according to the customer's unique lifestyle and needs The BIG Idea Customer gets enticed by online shopping experience 1 Flipkart Assistant (FlipHero) Pampered by premium experience through new initiatives 2 Video highlighting Flipkart Personalized products for ultimate shopping experience 3 My Gang Live Counter Assistant’s Personal Touch • • • 789710 active Available at a premium, the product enables a human touch combined with AI power giving the customer warmth and intelligence they need 5 Gang Members The average conversion rate for ecommerce globally is 4.31% Customer Cost User Adaptability Better Engagement Product Guidance 45% users Less by 30% 37% users 3x Likely 5x convenient 1 Ultimate Prize • Flipkart’s My Gang is a quest that runs across TBBD. Each user can form a gang of 5 Flipkart users, where 1 user can only be a part of 1 gang • Gang Milestones will be set, where each member of the gang will receive special discounts on achieving the gang milestone Owning it’s majority reason to shoppers who can’t decide what to buy, or what fits them perfectly, a Flipkart assistant aids a customer in choosing the right product Personalization 7 Challenges • Gangs with the maximum shopping at the end of TBBD will get special prizes • users Across TBBD, website and app will show fixed KPI’s on o No. of shoppers online at the present moment o Top 3 segments sold o Amount saved till now o Number of products sold • Enabling Vicarious learning, the strategy aims to ensure the unsure customer of trust shown by Millions of people through standard easy to implement KPIs IMPLEMENTATION ROADMAP Year 1 Q1 Year 2 Q3 Q2 Q1 Q4 Launching and Expanding Flipkart assistant Improving Flipkart Experience Promotion of ‘My gang’ Initiative UI and backend development for launch Promoting KPI tracker Integration • • 2 Mass Media A nationwide launch covering all channels and geographies till tier 3 Going grassroot to increase the relevance and resonance PHASE 1 Nationwide Ads in magazines, newspapers, influencers on all Social media channels PHASE 2 Out of home marketing (OOH) Grassroot marketing through targeted campaigns and ads with a focus to increase relevance and trust among customers Hoardings at eye catching, strategic locations having traffic jams Social media campaigns via collaboration with the micro influencers Theme - Tired of Rising Theme - Flipkart: Making quality products affordable to India prices? TBBD is back to your rescue Q4 Revenue generation after trial phase gets over (users pay for the premium service) Flipkart Live counter Marketing campaigns to improve Flipkart’s brand positioning 1 Q3 Q2 TBBD Sale Launch in Q3 3 Social Media Influence TBBD Increasing Reach Young connected customers highly influenced by Social Media 61% 67% 33% 29% 34% 6% 4% 26-35 3% 36-45 16-25 40% 35% 44% 49% 49% 22% 11% 16% 46-55 56-65 63% Channels to be utilized Rationale - Helping us in increasing the reach, relevance, resonance 34% Instagram influencers – Kritika Khurana - ThatBohoGirl, Aashna Shroff, Komal Pandey, & Ranveer Allahbadia - BeerBiceps Above 65 Yes, I frequently base my decision upon what's happening in my social network Yes, I occasionally base my decision upon what's happening in my social media No, I rarely or never base my decision upon what's happening in my Social Media Micro influencers - From Tier 1,2 cities having a follower base between 20k - 100k • • • • Rohini James Manvendra Singh (Men’s fashion) Komal Gudan Satya Saggar