Wednesday, October 15, 2008

The underwear of bananabrothers

The briefs will come in various cuts and designs but the unique feature of a bananabrother underwear will be that, it would be like a work of art with various prints and pop arts. They would also have various colour options. The comfort part will not be compromised as they would be seamless and contain itch-free straps.
The underwear will have contribution in their prints and graphics, from various talented artists and designers. They will be pure indulgence with art penetrating to the innermost corner of our lives.
The holiday seasons or festive seasons would see specially designed or themed underwear collection with customised packaging. So next time when the doorbell rings during diwali, try expecting a package for yourself from your loved one, adding spice to your life!
The price range for becoming the proud owner of these pieces of art is delight to your pockets, as they are in affordable price range of Rs 150 - Rs 250.

Day 3 - summary of the discussion

The main objective of the session or discussion with Mr Badlani, was trying to understand what exactly are the factors that are responsible for promoting or gaining publicity in favour of a brand. It all began with Brahmpreet(a fellow classmate)who described about her favourite eating out place, i.e. Bombay blues, which according to her had the perfect ambience, crowd and that they served the best pasta. She also stated clearly that even if Bombay blues raise their price by 20%, she would never stop going to it. The interesting part to this story was that, another girl with only a minor age difference totally hates Bombay blues. For her, she preferred a small pasta joint which didn’t have a great ambience compared to Bombay blues and having only three tables but served amazing pastas on a cheap rate. What could be seen here is that, two different places serving pastas with entirely different atmosphere can have loyal clients, who got carried away by certain elements of these places and willing to visit it again and again.

Discussion took a little delicious trail, wherein everyone started telling their favourite eating out places. Another student, Niharika mentioned how intensely devoted she was of a certain “momo wala” by the roadside in Nanital. In spite of being not very hygienic and constant disapproval from her parents, she loved the momos he served. Here it is to be noticed that, the momos are almost the same everywhere, still the momos coming out from the steamer of the seller in a dirty corner, could challenge an uptown restaurant for her and some more that are like her.

Then there was a very hilarious, but equally interesting case from vikram who mentioned of a restaurant called “hotel bewakuff” in his hometown. He said that this particular restaurant was very popular amongst people and many would come from even 100Kms away to eat out in this place. The name was definitely a major cause of curiosity but the food always did justice for the risk taken to enter it. So here can be an example, which says a different, out of a box feature can attract customers, as good food can be available at many places but the name “bewakuff” acted like a magnet pulling customers.

As the discussion moved on, more interesting points came up. Like for example, a shop called “Smart” which pulled customers not because of its good collection of clothes but for a fact that it did not give any sale. This made a certain opinion that they were selling good products in the minds of people. Then there was a haircutting salon in Bhopal whose hairdresser cleverly sculpted a whole story around him and his salon, which made his salon different and interesting. He got himself a Guinness record and had a pair of scissor which was worth Rs 40,000,which he used only when he was very elated, for which the customer would pay him anything up to Rs 500 for being lucky to get his hair done by that scissor! It might happen that this scissor was not worth Rs 40,000 or even if it was, the fact that how he used the story to create an USP for his salon and people ready to pay anything for a haircut, was really clever.

Location definitely matters, when it comes to success for certain things. For example, a restaurant called “glass house”, having terribly slow service was pulling people because of its location – made of glass, the floor and walls this restaurant was in the banks of mighty Brahmaputra with amazing view of dolphins.

Then, there was this amazing Maggie wala who sold cooked Maggie (noodles) for Rs 20 when it was available for Rs10 from the grocery shop in front of his stall. And the fact that people would drive for hours to eat Maggie at his stall was interesting.

The discussion was definitely helpful in getting idea of different “USP” which worked out for different businesses, but it was not always that different or unique feature that gave the kick. There were lot more factors which worked out and did not have any 2 +2 = 4 formula. Sculpting a good image in favour of the brand definitely helps, without denying the fact that there should never be a compromise in the service.
There was also another very important observation shared by Mr Badlani during the discussion. He said that many businessmen make a product than decide upon putting an extra 3 or 2 times profit margin. But they fail to think in a way wherein they make a product than decide what price they want to sell it, irrespective of whatever huge or small profit margin.

The various observations made an interesting session, but there was no denying the fact that we were hungry for food at the end, after so many case study of restaurants.

do you have colour in your mind, give it a shot.......

Tuesday, October 14, 2008

CONSUMER IMAGE- This is just a sketch of our targeted consumer

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Demographic

Name: Akash Mehra
Age : 26
Sex : Male
Occupation : Graphic Designer
Income : Rs 25000- 35000
Disposable Income :Rs 10000- 15000
Location : New Delhi
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Psychographic

Lifestyle : He is an evening person, goes out frequently for dinner with his friends or for a drink. When he is drinking out with his guy friends he goes out to places like Ruby tuesday, Thank god its friday. It also happens that after such drinking ventures, he definitely would feel hungry, which makes him visit road side dhabas. But the venue always changes when it comes for taking his girlfriend out, it changes then to restaurants like tamarind court in Mehrauli and Hauz khas. He generally drinks beer (Carlsberg or Kingfisher strong) as he has to come back home and doesn't want to create an embarrassing scene.
He also goes for small retreats during weekends. He tries to keep himself up to date with the latest trends.

Aspiration : He tries to put forward a very westernized image with influences and mannerisms deriving from hollywood movies. His all time favorite heroes would be the action stars like Sylvester Stallone and Arnold. But new hollywood heroes also interests him. Bollywood heroes like John Abraham and Hritikh Roshan also appeal him.

Reference Group : Fashion magazine like cosmopolitan(though a very girly magazine but major readers are men),men's health and vogue, music, celebrities. Celebrities from the music world, appeals to him when it comes to dressing.

Peer Group : His old college friends, present colleagues and his work circle which includes lot of creative people like artists, ad-makers and fashion designers. He meets them regularly in official parties, exhibitions, and office.

Shopping Companion : Mostly all by himself or with friends. When he shops with his friends, its only with his guy friends, who tells him what is looking good on him. He trusts them. But when it comes to underwear he prefers his own opinion which depends on his mood and past experiences.

Shopping Places : Exclusive brand stores or shopping malls like Great India place(noida), Select city walk(saket) and Centrestage mall(noida). The distance is not a problem for him as he got his dad's old car, a honda city.

Favorite Brands : Levis, wrangler (denim), puma, converse, lacoste, adidas, rayban sunglasses, international perfumes like Calvin Klein.

BRAND COMPETITORS

Jockey, Calvin Klein , Pigeon
The briefs of brand like calvin klein and pigeon are seamless, very comfortable and worth every money......with calvin klein also giving an added sexy touch which it promotes on its advertisements, with its brand name boldly printed on the elastic strap. The price of these brands start from Rs 350 for calvin klein and pigeon starts from Rs 145 to Rs 350.
Jockey a little less expensive than these seamless luxury brands, also offers a wide range of briefs but not seamless. They are comfortable, uses bacteria free fabrics, and also have various patterns in shapes. The elance range of jockey starts from Rs 120.
Therefore, there is a gap in the market offering underwear which are not only functional and comfortable but also has a fun and kinky touch to it within an affordable price range.
The opportunity which the bananabrothers are seeing is in seamless brief business with very bright fresh colours and fun pop arts.

STAGE 2: GROUP DEFINITION

Charismatic
Every man has a hidden narcissistic side to him, which makes him stand in front of the mirror and ask, “Who’s the man?” If that was a little too dramatic, at least there is always a secret self admiration once or twice, which may abruptly appear while passing a car’s windshield or in the men room during coffee breaks. This once upon a time forbidden behaviour, is slowly getting accepted or to correctly state it, widely explored by men these days. Men want to look perfectly groomed and desired wherever they go, whether it is at office or in the bed with his girlfriend.

Stylish
Many terms exist these days; flip the pages of any magazine, and will come across words like metro sexual, retro sexual, etc. This categorisation of men into various styles is getting possible, as men are trying to get themselves their own sense of style or at least trying to look up-to-date when it comes to fashion.

Sporty
Fast life, stressed out working hours and fast food, for example, the ones which cries out under the halo of the big yellow m, makes it a challenge to even think of how to get fit. But men still manages to play a game or two, or pick couple of weights in the gym. With various exercise like cardio, power yoga getting flashed on the TV screen frequently, it helps to implant the importance of fitness.

Sexy
Gone are the days when lyrics of song being changed for having a mention of this word. “Sexy” is defined by many in different ways, but feeling sexy or an occasional compliment “hey, looking sexy!” is always taken as to be desired or pursued. And combination of the above, with a pumped up body, leads to what can be put as “salman khan syndrome” which says if you have it, flaunt it....this makes a men flaunt his six pack abs, with a symbiotic help to the underwear company, as the shirt goes up, the strap of the underwear is flashed!

Clean
To look sparkling fresh is pursued by everyone, searched in the colours, graphics and even on the billboards. Freshness, definitely is very important when it comes to underwear just like fruits.
Therefore, the BananaBrothers are born to give men what is next to their skin, a package of everything they aspire to be.......

STAGE 1: OUR UNDERSTANDING OF WHAT A BRAND IS...



BRAND IMAGE
A brand is a collection of images and ideas representing an economic producer; more specifically, it refers to the descriptive verbal attributes and concrete symbols such as a name, logo, slogan, and design scheme that convey the essence of a company, product or service. Brand recognition and other reactions are created by the accumulation of experiences with the specific product or service, both directly relating to its use, and through the influence of advertising, design, and media commentary. A brand is a symbolic embodiment of all the information connected to a company, product or service. A brand serves to create associations and expectations among products made by a producer. A brand often includes an explicit logo, fonts, color schemes, symbols and sound which may be developed to represent implicit values, ideas, and even personality. The key objective is to create a relationship of trust.

(courtesy WIKIPEDIA)