Project on Smart View Fashion House

Smart View- A brief historySmart View was founded on 2003; right after the Globe Shopping Centre was established. It is located on mirpur road, on the opposite side of Dhaka College. It has no other branches. The shop is owned by Mr. M. A. Mannan Khan.Smart View is a clothing outlet only for men. It has three category of clothing: t-shirts, polo t-shirts and shirts.In the beginning of its journey, the shop really flourished. But over the passage of time it really went under. The main reason behind it was the poor management of the shopping mall itself; now it is in really in poor condition.Situation Analysis (SWOT)

Competitive AnalysisSmart Views greatest threat is its competition. They suffer from both direct and indirect competition.Direct CompetitionSmart View faces direct competition from other clothing stores located in the Globe Shopping Center and in the immediate area as well. They are more concerned about catering to the immediate neighborhood. Currently they have very low percentage of consumers. Some of its major competitors are: Raisha Fashions Siyams Collections Stores inside Globe Shopping Centre Easy Fittings Nur Jahan Market Hawkers Immediate neighborhood markets Chandrima Market New Market

Indirect CompetitionIts indirect competition is all the clothing stores, which are in the immediate area which the consumer will count as viable options in terms of price and quality. As we can see from the chart above that Smart View faces fierce competition outside of their shops from New Market, Hawkers, Chandrima Market and Nur Jahan Market.

Ad and Communications ObjectivesSome issues that we discovered by our SWOT analysis and Competitive analysis are: They really need to recreate their brand awareness in the customer mindset. This is because; they have not taken any kind of market promotion ever. They should identify their potential target customer. They should address their potential target customers needs.

Because of these issues, we believe the core advertisement and communication objectives of Smart View should be designed around creating a strong brand image. We also hope to create some sorts of positive associations in the customer mindset.

The objectives of our team would be to help the business increase its potential sales. We believe it is very much possible through the means of sales oriented objectives. The objectives that we want to achieve are: Within next 1 month increase the awareness among fashion lover through advertising. Increase Customer visit rate to the shop 15% within next 1 month. Increase the sales growth minimum 5% within next 1 month. Currently the market share is below 1% (according to the owner)Target Market IdentificationFor IMC campaign, need a target market. Our target market can be segmented into the following segments:Geographic segmentationWe are mainly focusing on our nearby Students (Dhaka University, BUET, Dhaka medical and some other nearby universities). For better serving them, we are trying to communicate with our target audience to get information about their clothing choice.

Demographic segmentationOur target audiences are mostly male but in some special times we will also have female as well, mainly youth, who have an average income and their age is between 15 years to 30 years. They can be mainly students and young professionals. These people are always looking for quality product at a reasonable price. And we are providing that.Psychographic segmentationAverage income people are our target market that is lower middle and middle class people. They are interested to wear colorful, fascinating and well-designed dresses and we have colorful, fascinating, and well design dresses. Benefit segmentationWe have targeted those audiences who are looking forcomfortable, stylish affordable outwear.Major Selling Ideas and Key BenefitsWe are going to stress the following unique selling points: Affordable clothes with variety of designsAll the T-shirts, shirts and Polo T-shirts are very affordable and they come with many designs. So the customers have lots of option to choose from. Create your own designCustomers can provide us with their own design, what they want to put on their T-shirt, and we can turn their dream into a reality. Smooth shopping experience (considering our competitors) Our shop will be surrounded with glass walls (thai-glass). Inside of the shop will be air conditioned. No other shops inside the market have these facilities. So the customers will be attracted to come to our shop rather than going to Hawkers, Nur Jahan Market or New Market.

Creative Strategy Statement

Campaign ThemeThe overall theme will be focused on the idea of generating customer interests by providing mens clothes with all sizes and colors; in affordable prices. We want to share this message to our target customers. We will mainly focus on teenagers, students from surroundings, try our best to grab their attention and express our point of difference to them. We will send a message to the colorful audience that we are different than other shops and can match your choice at a favorable price.

Campaign AppealCompetitive advantage appeal: We can create a super market environment as the store Smart View is situated inside Globe Market. Our main competitors can never claim this fact. Also we are giving consumer a chance to customize their own T-shirts. This is also a point of difference from competitors, as they have not come up with this idea yet.Favorable Price appeal: All of our products are of very cheap and affordable to the consumers, as we are targeting students and people from socio-economic class D &E. So low price is going to be a dominant message of our campaign.

Campaign Execution TechniqueThe campaign will follow mood or image execution style. Hence we will build an image around our store Smart View that it has all the cheap and affordable clothes for men; minus the hustle and bustle of our close competitors (New Market, Hawkers and Nur Jahan Market). Through our campaign, we are not going to pinpoint; rather give some hints to the consumers about the claims, attributes, benefits and advantages of our store. This campaign will also help us to create some associations about Smart View to the consumer mindset.

BudgetingSmart View is still a very small shop. When we talked to Mr. M.A. Mannan Khan; the owner of the shop, we tried to have an objective and task method for setting the budget, which is of course the most desired kind of budget (although not always the most efficient means). However, as they were really tight on funds, we ended up with an arbitrary allocation, which is a top-down approach.Up until now, they havent spent any money on specific marketing pursuit. However, since they are planning to increase their sales in one months time, they are willing to spend about 80000 on a marketing campaign. While they recognize that this amount is close to nothing, they believe that its still significant since they want to create awareness among the customers and create some sort of positive associations in the customer mindset about the product.So the time period for the campaign would be 1 months.Media PlanChoosing which media or type of advertising to use is sometimes tricky for small firms with limited budgets and know-how. Publishing on television channels and newspapers are often too expensive for a company that services only a small area. Here is our media plan keeping the budget in our mind. Television Commercial: A tvc will be published focusing the products quality and its social & family acceptance on social media platform i.e. Facebook. Its publishing will continue on local dish providers own channels. For finalizing this tvc we need a total of Tk.3000. Leaflet: We will distribute the leaflets on shops nearby targeted locations that are Dhaka University, In front of Dhaka New Market, Eden Women College, BUET, Dhaka City College, Before Shopping Malls of Dhanmondi, Elephant Road regions. We will also circulate leaflets inside the daily newspapers to Leaflet will carry promotional messages i.e. discounts on products, complementary gift with large purchase. Leaflets design, print and distribution cost would be Tk.25000. For small gift items we will spend Tk.2000. The discount on products will cost the shop around Tk. 10000. Sponsorship/ costume partner: During this tenure of our campaign on smart view fashion house we will contact any of the Television series or telefilm production house in Bangladesh for having our products as celebrity costume. If sponsorship of costume is agreed then the cost would be Tk.10000. If the production house wants to pay on discount then the cost would be Tk5000. E-Commerce: We will develop a website comprised of online selling system as well as we will initiate the home delivery system in Dhaka city only with conditions. For developing a website we need to invest Tk.10000. Shopping Bag: New eye catchy shopping bag will be provided with every selling of products. The design and print of shopping bag will cost Tk.4000 Print advertisements: Printed advertisements will be advertised on different guide books i.e. Saifurs Analytical Ability, Current Affairs etc. These books are the real attraction of our targeted market as most of them get aid from those books for their job recruitment test. This platform will cost TK.10000. Social Media Platform: We will always keep or customer updated about our products via Smart View Facebook Page. It is free of cost. Clothes on special demand & stall on Festivals: We will contact any of the disciplines of any nearby universities to supply their requested cloths on any special occasion of them at a cheap price. On festive programs at nearby universities we will try to have position in university premises for our stall. The cost for both events would be TK.6000. So the total amount given by Smart View (about 80000tk) is spent properly.

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