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Marketing Strategy:
Goals & Objectives
1. Increasing penetration in domestic market
- Aggressive promotion techniques
- Shop in Shop concept.
- Expanding Gold Plus.

2. Going abroad in order to diversify its revenue


portfolio.
- Through more global expansion.
- Tapping online foreign market.

New Product Collection:


Product Need/benefit Price range Target Group
Cufflinks Cufflinks are the widest They can be made to be Working or office going men
selling men¶s jewellery available in the price range of in the age of 25 and above.
product. 10000 -35000

Brooch Widely selling fashion In the range of Rs 5000-1 0000 Tanishq can make a foray in
accessory. men in the age group of 19
and above who are fashion
conscious.

Rings Tanishq can focus on In the price range of 25000- Men of age group 25-30,
engagement rings as it is 200000. typically falling in the
the time in men¶s life marriageable age.
when he likes to buy an
exclusive ring.

Chains Chains with pendants for The price range of the gold The target customers of this
men in sleek, executive chain along with the pendants range can be men of age group
designs. can be begin from 50000 25+.
onwards

Bracelets Tanishq can bring out a This piece of jewellery can be Generally worn by young
range of casual looking, priced around the price range fashion conscious men in the
21 / 27 smart bracelets. above 15000. age group of 20+.

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Pricing Strategy for the year


2009-10
Tanishq brand will continue to have perceived value pricing, though
the premium paid will be a bit less to penetrate into the marriage
gold market.
Offering special discount of 10% (shared equally between the
franchise & the company) on jewelry purchased for the marriage. It
will be signified as someone buying gold(or diamond converted to
gold based on value) in excess of 100gm
Tanishq can save 7-11% margin earned by the franchisee through
selling online and pass a part of the same to the online consumer.
Gold plus will continue to have value pricing and being a lucrative
option for consumers looking for 22 karat gold in sub urban areas.
Pricing for the new men¶s collection that will be launched next year
will also be in line with our current perceived value pricing

Promotion Strategy for the year


2009-10
Personal communication channels
Non ±personal communication channels
print media [vouge,femina, cosmopolitian }
and business magazines for men¶s collection
broad cast media
display media
Event and experiences
Online selling

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Competitors Website Review


Parameters\Brands Tanishq Gili D' Damas Eros
Brand Ambassador - Bipasha Basu Neha Dhupia Karishma Kapoor
Selling Online No Yes Yes No
Product Range Very Low High Medium Limited
Attractiveness Very Good Good Average Average
Occasion wise Jewellery No Yes Yes No
Navigational Ease Low High High Medium
Price Range No 5000-50000 1000-70000 No

Store Locator Yes Yes Yes No


Variety Very Low High Medium Limited
Gift Ideas No Yes No No

Requirements for setting up an e-commerce outlet-

Server

Order
fulfillment Catalogue
and and
Customer shopping
Service cart
Systems

Payment processing
systems

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tanishq
Download this Document for FreePrintMobileCollectionsReport Document
This is a private document.

Info and Rating


market share
tanishq market
diamond sources
chandraiva9820

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