Friday, January 17, 2014

Looking back .. Looking Forward - The Year of Empowered Consumer - Hindu Business Line




 

     1.       Legacy politics provided way to fresh blood
 
   This could very well find place among the best marketing case studies for 2013. AAP mobilized the disillusioned Indian voters specially the middle-class and significantly first-time youth voters. Grass-root politics took a new definition. But reactionary politics is one thing and consistently developing proactive long term sustainable strategies is another. How this succeeds as it evolves in the next few quarters may go a long way in redefining politics in India.

 

     

 2.       2013 was the year of arrival of 'Purpose' based marketing

The trend on ‘purpose’ over pure ingredient based campaigns that started as a trickle with ‘Daag Achche hain’ found itself reflecting in reflected in a slew of brands that have taken up issues like progressive parenting (Bournvita), widow remarriage (Tanishq), barriers between India and Pakistan (Google). More and more brands have been able to make the bold departure from the conventional. 

3.       Consumers became deeply engrossed with the overall negative economic sentiment

  The current state of the economy - high inflation, rising fuel prices and interest rates had their impact on the end consumer. Never before was the lay consumer following GDP & Inflation rates so closely. The conventional symbol of India’s appetite for consumption – Car sales, took a hit for the first time in 11 years

4.       DIGITAL garnered a larger piece of pie

   More and more marketers increased their digital spends and actively experimented, and rightfully so, with digital marketing. From creating content, to launching communication on digital first, from contests on social media to using the medium to track and target prospects better ....marketers preoccupied themselves more with this medium than ever before. The trend is only going to strengthen next year with more digital specialists becoming a permanent part of the marketing team. 

5.        ‘Mobile’ got a shot in the arm.

   Growing four times faster than the global average, India overtook Japan as the 3rd largest smartphone market in the world. The ‘Google-Airtel’ freezone, a service that allows you to access Google mobile services on the go at absolutely no data costs is an early indicator of marketers picking on this. The consumer is showing a mirror. It’s now for marketers to interpret this effectively and design relevant & effective solutions & apps for their categories.

6.       MEN emerged as significant shopper base

   Gone are the days when we could confidently say that men hate shopping. They are actively buying and consuming a whole lot of brands / products - from deos to fairness face washes, from clothes to shoes, from gadgets to lending a helping hand in monthly grocery/household purchases, Marketers would be better placed to learn their unique shopping patterns, subliminal selection techniques, and their aspirations to extract more value from this consumer base, going forward. 

7.       Uncontrollable & Empowered Consumers

        Time and again, a lesson that marketers realised was that today you can't control your consumer no matter how powerful your message may be. Social media emerged as a strong medium to raise voice, show dissent, complain about brands and gather momentum with fellow friends and friends of friends, to publicly mock brands that made mistakes/did wrong. It is a clear lesson for brands to think twice before launching an initiative and to handle tactfully and 'quickly' any faux pas they make. While many a brand would have experienced this – a societal manifestation of this in the Indian context was the common citizen’s furore on the Nirbhaya episode that shook the conscience of the whole nation in 2013. 

8.       Fewer innovations in products
 
       2013 saw most innovation and action take place in the field of service delivery and not in new      disruptive products. The world did not get to see much that could deserve status of the next Smartfphone, the next iPad or the iPhone. More & more work happened in incremental innovation in new customer interaction channels, a distribution system or a technological concept or a combination of all of these. The incremental innovation by Flipkart and possibly some other e-tailers of sending step by step shipment status updates to customers after payment goes a long way in assuaging any apprehensions they would have on merchandise delivery very relevant keeping in mind the dis-intermediated nature of th

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