Craft Marketing & RNFS Xavier Institute of Management, Bhubaneswar Craft Marketing Part of our cultural heritage Craft Category Example A Bamboo, Jute and Wood B Cloth and embroidery C Marble, metal and ceramic D Leather and Handicrafts Classification by NABARD Craft Marketing – Issues Artisan mode of production Vs industrial mode of production “Marketing Myopia” Utility Vs decorative value Access to markets Stakeholders need to adapt to the emerging market realities Continued Working on the 4Ps is vital Business Acumen with empathy of cultural & emotional dimensions Margin pressure & survivalist nature Need for end to end solution Interventions strong as the weakest link in the chain Craft Interventions( Indicative) Cluster development initiatives, Example: UNIDO CDP , DC ( Handicrafts) Corporate interventions,Example: Fabindia Community/ individual based, Example:Khumbham Project Co-operatives, Example: Weavers Co-operatives Various institutional forms have advantages & disadvantages Fabindia To become “ the world’s largest craft marketing organisation” ROI of 25 percent by the second or third year of operation Supporting the weaver by giving a fair share, technical help and repeat orders Standardization of procedures Regular product diversification Innovation, speed vital for sustained profitability 4Ps at Fabindia Product Institutionalised procurement process Advance ordering Systematic order scheduling Clearly mentioned standards Carrot & stick approach Price Less price sensitive customer Place Online marketing “ look- touch- feel” process Contrast to a crowded craft mela Creating product synergy Promotion Launches during Diwali and wedding season Product should speak for itself Khumbham Aruvacode a small village near Nilambur in North Kerala A village consisting of potters Competition from substitutes & loss of dignity Firing the imagination of potters for new product ideas Mr. K B Jinan - Key Facilitator & Product Champion How have potters responded? Terracotta Pillars Furniture Continued Terracotta Tiles Terracotta Dinner Set Continued Terracotta Journal Holder Learnings from Khumbham A market led product development process Overcoming marketing myopia Creating a wide – product range Importance of key protagonists Terracotta- finding a place in everyday reality Crafts need to be never changing ever evolving Similar experiments by RUDA in Rajasthan Close of Session Thank You