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MKT 337.08 Final Project
MKT 337.08 Final Project
Submitted To:
Submitted by:
MKT 337 | SECTION 08 | SUMMER 2020
Name ID
Ali Akbor Fahim 1712702030
Ishaq Khalil Mimun 1712285630
Mridul Saha 1722250630
Sadman Shoumik 1721917030
Md. Mohaiminul Momen 1512133030
Letter of Transmittal:
Dear Ma’am,
Here is the report that you have asked us to submit as our final report.
We thank you for giving us the opportunity to work on this project. We, sincerely, hope that you
will find this report useful and appropriate as per the requirements. We have tried to make the
report as comprehensive as we possibly could but we would appreciate you contacting us if you
have any further queries.
Best Regards,
Team Ekhanei.com
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Acknowledgements
We would like to forward our utmost gratitude to our course instructor, Dr. Farzana Nahid, for
her undeterred guidance and support throughout this course.
MKT337 has been the inception of MKT major courses for most of us and we have all
thoroughly enjoyed and benefitted from her interactive approach to teaching.
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Contents
Letter of Transmittal:.......................................................................................................................1
Acknowledgements..........................................................................................................................2
Introduction......................................................................................................................................5
1. Campaign Theme:........................................................................................................................6
1.1 Slogan:...................................................................................................................................6
1.2 Plan for Campaigns:..............................................................................................................6
1.3 Theme:...................................................................................................................................7
2. Identifying the challenges through research................................................................................7
2.2. Current target Market:..........................................................................................................8
2.3. Current Marketing promotion:..............................................................................................8
2.4. Use of Media.........................................................................................................................8
3. Identifying the Target audience...................................................................................................9
3.1. Target Audiences...................................................................................................................9
Demographics:.........................................................................................................................9
Gender:....................................................................................................................................9
Age range:................................................................................................................................9
Profession:...............................................................................................................................9
Psychographics:.......................................................................................................................9
3.2. Why do we a need new Target?..........................................................................................10
3.3 Swot Analysis of Ekhanei.Com...........................................................................................10
4. Campaign Objective...................................................................................................................11
4.2. Awareness:..........................................................................................................................12
4.3. Making people familiar with their service:.........................................................................12
4.4. Establishing brand image:...................................................................................................12
4.5. Mixture of communication and sales objective:.................................................................12
4.6. Major Characteristics of campaign objective.....................................................................13
4.7. Indented positioning:..........................................................................................................13
5. Creative brief:............................................................................................................................14
5.1. Overview:...........................................................................................................................14
5.2. Advertising and communication objective:........................................................................14
5.3. Target Audience:.................................................................................................................15
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5.4. Major idea and key benefits to communicate:....................................................................15
5.5. Positioning:.........................................................................................................................15
5.5 Client-agency communication process model:....................................................................16
5.6. Usage of appeal/Rationale:.................................................................................................17
6. Execution:..................................................................................................................................17
6.1. Previous Mistakes:..............................................................................................................17
6.2. Rebranding Facts:...............................................................................................................18
6.3. Promotional Tactics:...........................................................................................................19
6.4. Media and Budget:..............................................................................................................27
6.5 Schedule and Media Mix:....................................................................................................27
Conclusion:....................................................................................................................................28
Bibliography..................................................................................................................................29
Appendix........................................................................................................................................30
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Introduction
In 2006 from Massachusetts Institute of Technology (MIT)’s computer lab, Bangladesh’s first
classified buying and selling platform CellBazar started it journey by Kamal Quaidir. In very
short time this virtual marketplace reached the peak of popularity. Big corporations like Telenor,
Schibsted, Grameenphone noticed its growth and acquired majority of its share. Later this
company was rebranded as ekhanei.com. With many frequent mergers and acquisition this
company gone off the track and due to poor and unclear marketing strategies eventually the
startup failed and in 2007 the parent organization Telenor shut down its operation. At the time
when it went offline its users declined to 10-15000 per week.
In this report we will be showcasing how correct uniformed marketing strategies and campaign
can revive such a business and help it to operate successfully for the long run. Also, how
marketing can create brand image and helps to retain it.
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1. Campaign Theme:
The slogan depicts the distinctive purpose of the site. The site where buyers and sellers can
encounter. As the brand is relaunching, significant relevance was kept in the slogan for the sense
of nostalgia. The slogan also assures that you are buying from ekhanei.com and, therefore a
testimony of assurance. The consumer assurance which other advertisement websites cannot
ensure. The essence of a new start is also felt in the slogan.
The campaign plan is mostly visually, image, and verbal in the advertisement, we will mainly use
Visually, but very little writing will be there. So, it is a combination of both verbal and visual in
where visual has the main story of our Product & Services. And we use these because, with the
visual, people connect more, and where needed, we use verbal, which fulfills the main motto of
the advertisement we tried to simulate. We use a 360-degree campaign. These operations
promote almost every possible way, Social media, Digital Media, TV advertisement, Radio,
Newspaper, Billboard, and Magazines.
First of all, we can create remarkable Public Relations campaigns/events regularly in public or
private universities and also with the help of some renowned NGO's. Secondly, we can go for
online/digital medium through responding to the country's primary concerns and contributing
ethical messages to Customers. Thirdly, by giving festival cards and organizing
competitions/events in public sectors. Since we want to attract people, those will widen the
possibility of more publicity. So, Ekhanei.com will be organizing a competition on
festivals/events based on the target customer, where the winners will get gift bags full of
products.
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1.3 Theme:
We will make AV and TVC. Every advertisement has a theme. So, we will make a short story
film in the ad so that people will know our brand what we do? When we make Av, TVC, we have
to follow our slogan what we are trying to say for our valuable customer. Also, the approach will
be humorous to grab customer attention.
The whole promotional scenario of Ekhani.com needs a whole new angle and outlook. Although
as an online buying-selling site it offered great sense of security and moderation, it eventually
failed in the campaigning as its TVC and OVC were aired in the mass media instead of proper
social media coverage. Which didn’t increase the transactions on the site nor the registered users.
And thus, in May of 2017 Ekhanei.com shut down with only a day’s notice.
Reasons for the failure can be stated as the misplaced advertising, using significant budgeting on
those misplaced ads, not properly informing the customers that they rebranded Cellbazar with a
new name which made the people think that ekhanei.com might be a competitive site, so they
lost their older customer base and brand value. Also, from many research data it shows that the
initial downfall of the company started after the rebranding. And lastly when media sites like
Facebook brought the scope to buy and sell products on their platform, people started to lose
interest in Ekhanei .com.
So, it is more than clear why the company would need a new promotional makeover.
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2.2. Current target Market:
The company’s current or the then target market was always same. They choose the mass people
regardless any age group or demographic segmentation covering the whole country. Moreover
whoever, wherever has the internet connection and lives in Bangladesh is ekhane.com’s targeted
consumers.
Before ekhane.com was shut their focused marketing was Television advertising. This is where
their promotion gone wrong. ASIATIC has made many TVCs, featuring stars like Iresh Jaker,
Maria Nur. Which was
directed by Mostofa
Sarwar Farooki. In very
short time those TVCs got
popularity among tv
audiences. But where
their targeted consumers
were tech enthusiasts and
spend more time on social
media and internet rather
than watching TV. They
also aired their audio jingles in national radio stations. Also, banners, posters, bill boards were
made and placed in several places throughout the country. They also talked with people
regarding their services in crowdy places.
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3. Identifying the Target audience
The key is content. The delivery mechanisms are social media and web in general. The audience,
while at the moment being limited to the somewhat affluent, will eventually become the masses
now that 3G is in place and with smart phones eventually becoming affordable. As ekhanei.com
has been prevalent for more than a decade and it had been one of the top shopping sites in
Bangladesh, needless to say its target audience was as its previous name CELLBAZAR.com
suggested, anyone who had a phone and mobile internet.
Demographics:
Throughout the country, every place that covers internet connection.
Gender: All
Age range: Seemingly people with the ability and knowledge to buy and sell things ranging
15-60(or older). Moreover, everybody that has capacity to browse and type.
Profession: All
Psychographics:
Conformity: According to research, people in their teens are the most impressionable bunch of
people that there are. Therefore, it is extremely easy to have a strong influence on their decision-
making process through the use of the most apt approach.
Patriotism: The people of Bangladesh tend to have dormant patriotism in them that is triggered
when hit at the right place. Using that emotion as an appeal during advertisements and campaign
can also lead to favorable results for the advertisers and marketers. As was the case in the name
change using a whole Bengali word for their website name and brand.
Economical: Ekhanei.com offers a wide range of 2nd hand products fit for use, as these products
tend to be cheaper than the new ones and buying it directly from the owner who has been using
the product gives a sense of economical profit and safety regarding the use of the product. This
makes the site an attractive platform for people of every walk of life.
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3.2. Why do we a need new Target?
Ekhanei.com targets the entire population of Bangladesh. However, most of their few
promotional efforts are targeted more young adults who are in their late-teens or mid-twenties as
most their promotional campaigns feature people from that demographic. There are major
problems with their approach and those problems are exactly what adding another target
audience will solve.
Lack of exposure is also a big problem with the ekhanei.com promotional team. They featured
most their promotional campaigns heavily on mass media like radio and TV, as an online based
service it wasn’t necessary, and although it created more brand awareness it failed to bring in
more revenue because it didn’t get exposed to its potential customers. As its target audience is
the online community of bd, well placed ads in social media platforms would be enough to reach
its target audiences.
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4. Campaign Objective
Our prime goal is to create awareness and letting people know about the service and benefits
trough attention grabbing promotions and advertainments. Initially concentrating or focusing on
sales objective might not be feasible since Ekhanei.com is re-entering the market and there are
already established competitors like clickbd.com, bikroy.com. So, to make people switch their
service provider communication objective is necessary. Moreover, a mixture of both will work
better. The measurable objectives we’re setting for Ekhane.com are described below:
4.2. Awareness:
In such introductory phase where people forgot Ekhanei.com mostly, the prime task is to
reminding people that ekhane.com is still there and have started operating again with new
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courage and enthusiasm. Letting new customers know about its services, types, why it is better
than others.
People often want to buy and sell used product from reliable source, so by focusing on reliability
and affordability we will place the brand Infront of consumers.
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surely think of purchasing the service which will automatically boost up the sales. These
objectives are easily measurable due to assigned time frame and feedback driven.
Within every 4 months we will be able to know the visitor numbers and adds being posted in the
site. This is an automated feedback system we can say. If the numbers are not satisfactory, we
can always bring changes in promotional strategy.
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5. Creative brief:
5.1. Overview:
In 2006 tech entrepreneur Kamal Qudair came up with CellBazar, later he also founded Bkash.
Since the very beginning CellBazar created a buzz among tech enthusiasts the then time. Later
this company was acquired, merged by many foreign companies like Telenor, Nasper, Schibsted
and local companies like Grameenphone. After getting merged with OLX.com, CellBazar was
rebranded as Ekhanei.com and that created the issue. People could not identify this site and
neither people understood the service Ekhanei.com provides. Also, the new name ekhanei
doesn’t say anything about buy and sell which CellBazar or bikroy.com did.
But as its relaunching the whole marketing process is going to establish from the scratch. So, the
advertising must address that it’s the same old celbazar with better service and how this will
save people’s time and money.
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focused on people who tend to use technology, internet very often. But, as larger number of total
populations is the youth so it fits with the masses automatically.
5.5. Positioning:
Ekhanei.com will be positioned in consumers mind as “the ultimate destination of buying selling
used or new product free of cost”. With the positioning of affordability reliability and so on.
Publishing/Broadcasting
After client accepts then the ads
will be published and broadcasted
in several medias
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posters rational, emotional, Slice of Life appeals will be used. Emotional appeal to connect
people with their previous used Cellbazar which will make them feel nostalgic and with rational
appeal they will get to know about the service and policy. Later on, advertisements with humor
will also be used where signature ekhanei.com jingles and dramas will be back. But this is only
when the brand will re-establish.
6. Execution:
6.1. Previous Mistakes:
Ekhanei.com is a live example of a successful failure in the classified market place of
Bangladesh. The main reason of its failure is selecting the wrong target audience during their
rebranding period. As an online market place, they need to promote themselves in social media
and related online platform through digital marketing. But sadly, they targeted wrong audience
and invested a lot of money in TV ads which was a wrong step for their business platform. While
rebranding, cellbazar.com reveal themselves as Ekanei.com that’s why the client based got
confused which leads them to think Ekanei.com as the competitor of Cellbazar.com. During this
time, the in-house R&D team conducted a survey which shows people prefer Bengali name over
English name and they wanted expand their business. Apart from this, their ads campaign had
gone wrong and they chose the wrong media channel to promote their product. The ads channel
as full of noise and the information did not spread properly. Their app and website were not user
friendly and did not have the chatting option like competitor. Lastly, the have been through a lot
of transition that’s why the internal staffs got confused and could not focus in their work
properly.
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Figure 1: Before Rebranding Figure 2: After Rebranding
Before Rebranding the Cellbazar.com was doing very well in their business and it was becoming
popular in the classified marketplace of Bangladesh. They were getting people acceptance and
created a different client base of its own. But after rebranding the main problem arise.
Cellbazar.com previously offers themselves only in the mobile platform but after rebranding they
want to grab more customers and enhances their target group as Ekhanei.com. Previously they
offer product only in the mobile platform. That’s why the word Cell replenished. Another vital
reason of rebranding is that they had been found out through their research that most people of
our country prefers Bengali name instead of English.
During the transition period Ekhanei.com failed to promote themselves in a proper way. Their
execution was wrong. The target group, media vehicle, media and communication channel
everything was off beam.
In the following section we will suggest some efficient promotional strategies which might help
Ekhanei.com in their time if they took these measures earlier.
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Picture 10: Factual Message| Rational Appeal| Picture 11: Straight Sell| Rational Appeal|
Celebrity Endorsement Celebrity Endorsement l
Bhai, Yellow Potato, Salman The Brown Fish, The Jhakanaka Project by Raba
Khan etc. Besides this we can use celebrity to promote the brands base on
their credibility with the product. We can use Mashrafee Bin Mortoza, Shakib
Al Hasan, Jaya Ahsan, Avik Anwar, Arefin Shuvo, Chanchal Chowdhury etc.
As they have many social media followers and huge fan-follower base.
Predominantly people tend to follow their lifestyle and influenced by their
acts. And if we promote our products by them it will not only reach a large
amount of potential customers but also add extra value.
2. AVC: This is considered as one of the most effective tool for product promotion or
promoting your brands. In this scenario Ekhanei.com can get more exposure and reach as
visual content has an advantage when it comes for explaining things. So, we have come
up with a concept for our video ads.
Appeal: Rational
Execution: Slice of Life (Problem Solving)
Storyline: This is a story of three boys. There will be three character here. A, B and C. In
the beginning A will be surfing the mobile and looks very worried. Then B and C enters
together in the scene and asks the reason behind his anxiety. A replies he couldn’t find
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their favorite marketplace Cellbazar.com as he wants to sell his current ride and buy a
new one. B & C laughed loudly and tell A that their favorite buying selling platform
Cellbazar.com has become Ekhanei.com after rebranding.
This Ads shows the problem of not finding a site they used before and unable to post his
selling ads. Then at the ending we have seen the solution of the problem. Rational appeal
has used as it provides information.
N.B. The Video can be made by using celebrity, credible personality or 2d motion graphic
style. And any relevant appeal and execution style can be used to promote the product.
3. Print Media: Print media like newspapers, magazines, banners and posters plays a vital
role in promoting products and services. For Ekhanei.com this is a suitable way to
represent their brand to their customers. For this platform ads are based on rational appeal
and the execution style will vary based on the situation and product. Where the content
will be in static format and that will provide information or features regarding the
product.
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Picture 12: Print Media Ads
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5. Support Media: As Ekhanei.com offers different types of product they can go for support
media both in traditional and non-traditional way. In the traditional support media, it
can be the out of home
advertising like portraying ads
through humor in a bill board,
providing in store ads by using
slice of life and transit ads. It can
be a place-based media or
mobile bill boards by explaining
what Ekhanei.com provides.
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The budget will be equally distributed to different media during schedule. We have estimated a
total budget of 1.5 crore BDT throughout the year. It might vary based on the situation, success
rate, ad performance and execution success.
1st Phase (Jan-Apr): In this phase we have focus more on visual content as this is the best way to
explain and promote your product. Video content performs well rather than static content.
2nd Phase (May-Aug): Here we focus on support media and event sponsorship. During this phase
something like event sponsorship will give the business a massive boost.
3rd Phase (Sept-Dec): As this is the last phase we will suggest to focus more on Print media ads
and celebrity endorsement to get the lime light.
Conclusion:
From its inception to till the end Ekhanei.com has gone through a lots of changes. It was always
difficult for the management to focus on their exact target market. In spite of having the investors
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like Grameenphone & Telenor who has the best R&D and management they failed because of the
changes they need to face every time with the new management and a new leader. As a company
Ekhanei.com finds it difficult to cope up with the situation. So, they were unable to focus on
their business and find out their exact target market for the classified online marketplace. In this
report we have shown some of the tactics that might save Ekhanei.com in a great extent.
Bibliography
PG. 26
Bangla News Live. (2016, April 4). ekhanei.com. Retrieved from
https://www.banglanewslive.com/ekhanei-com/
Editor. (2018, August 29). Bangladeshi classifieds site Ekhanei.com shuts down.
Retrieved from https://www.onlinemarketplaces.com/articles/14461-bangladeshi-
classifieds-site-ekhanei-com-shuts-down
Ekhanei Company Profile: Funding & Investors | PitchBook. (2015). Retrieved from
https://pitchbook.com/profiles/company/56320-12
Islam, M. Z. (2017, May 17). Telenor shuts down ekhanei.com. Retrieved from
https://www.thedailystar.net/business/telenor-shuts-down-ekhaneicom-1406317
Key Learning from Ekhanei.com (A Telenor Company) Shut Down. (2018). Retrieved
from https://www.linkedin.com/pulse/ekhanei-shutdown-key-learning-shahriar-m-
osman-nawed/
Saeedi, T. A. (2017, May 17). Ekhanei closes down, leaves Bangladesh to Bikroy.
Retrieved from https://aimgroup.com/2017/05/17/ekhanei-closes-down-leaves-
bangladesh-to-bikroy/
WebAble Digital. (2014, February 26). Digital Revolution in Bangladesh - 23 Expert
Predictions for 2014. Retrieved from https://www.slideshare.net/WebAble/expert-deck-
by-webable-draft
Wikipedia contributors. (2020, September 9). Ekhanei.com. Retrieved from
https://en.wikipedia.org/wiki/Ekhanei.com
Writer, G. (2017, October 28). WHY EKHANEI HAS FAILED – A POST MORTEM
ANALYSIS. Retrieved from http://www.fintechbd.com/why-ekhanei-has-failed-a-post-
mortem-analysis/
Appendix
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