Professional Documents
Culture Documents
MARKETING MANAGEMENT - II
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EXECUTIVE SUMMARY
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HOW IT ALL STARTED
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neon-lit cityscapes. The hashtag #PixelProLens took over social media, filled with breathtaking
landscapes, poignant portraits, and stop-motion masterpieces that sent chills down spines.
But PixelPro's reach extended beyond the confines of social media. Filmmakers hailed its
cinematic capabilities, musicians lauded its crystal-clear audio recording, and photographers
marveled at its manual controls, a nod to the artistry within the tech. It transcended trends; it
became a canvas for creators of all stripes, a tool that whispered, "Dream bigger, capture
bolder."
The story of PixelPro isn't just about a phone; it's about a revolutionary partnership between a
social media platform and its creators. It's about recognizing the power of community and
empowering it with the tools to shine. And as the #PixelProLens trend continues to ignite
imaginations, one thing remains certain: in the ever-evolving landscape of content creation,
Everglow and PixelPro have lit the way, not just for a phone, but for a new era of storytelling,
fueled by collaboration, innovation, and the boundless pursuit of capturing the extraordinary.
This is just the beginning of PixelPro's story, a narrative waiting to be written by the hands of
countless creators. What will they imagine? What will they capture? The answer, like the
possibilities Luman unlocks, is truly limitless.
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ABOUT THE COMPANY
Vision:
To empower every creator to capture and share their story with breathtaking clarity,
boundless creativity, and seamless connection.
Mission:
• Developing cutting-edge AI tools that elevate storytelling from blurry phone footage
to cinematic masterpieces.
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• Building a brand synonymous with inspiration and empowerment, a beacon for
creators of all walks of life.
Lumen's mission is not just about selling phones; it's about building a legacy of stories. We
believe that everyone has a story to tell, and through Lumen, we provide the tools and
platform to amplify their voices and ignite their creative spark.
Together, we can build a world where creativity reigns supreme, and every image and video
become a window into the soul of the artist.
Logo:
Pixel – the building block of every image, captured with meticulous precision, crafted to
perfection. Pro – not just for professionals, but for anyone who dared to dream, to push the
boundaries of storytelling, to be a protagonist in their narrative.
Tagline:
Unleash your Story.
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UNIQUE SELLING PROPOSITION
1. Hyper-contextual AI Assistance:
Step into a new era of intelligent assistance. The PixelPro Phone's Hyper-contextual AI isn't
confined to voice or text commands; it's your anticipatory assistant. Analyzing real-time
context—from your calendar and location to health data and ambient surroundings—it
proactively offers suggestions, automates tasks, and adjusts settings. Whether it's booking a
rental bike upon arrival, setting reminders based on your location, or adapting to your sleep
patterns, it seamlessly integrates into your daily life.
Unlock your creative potential with our immersive Content Creation Studio. This isn't just
about capturing moments; it's about crafting experiences. Built-in high-fidelity audio
recording and editing tools, magnetically attachable professional-grade camera lenses, and
AI-powered editing features make this phone a pocket-sized content creation powerhouse.
Elevate your content effortlessly, from suggesting transitions and music to enhancing your
storytelling with sound effects. It's a versatile tool that enables high-quality content creation
without the need for external equipment.
Experience seamless connectivity with our established social media platform. The PixelPro
Phone bridges the gap between creation and sharing. Instantly share your creations, engage
with your audience in real time, and collaborate with fellow creators—all within the familiar
environment of our platform. It's not just about sharing content; it's about fostering a
community of creators where ideas thrive and connections flourish.
This isn't just a phone; it's an extension of your creative identity. The PixelPro Phone’s
immersive features redefine connectivity and creativity. From effortlessly capturing life's
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moments to instantly sharing your vision with the world, this device blurs the lines between
creation and consumption. It's a catalyst for elevating your digital experience and
empowering your creativity.
Hyper-Contextual AI Assistant
- Next generation AI processor for on-device machine learning
- Real-time contextual understanding from sensors like GPS, accelerometer, gyroscope
- Natural language processing for voice commands and text queries
- User learning engine that customizes to behaviors, preferences
- Proactive notifications and smart automation based on contextual understanding
Cameras:
- Quad camera system (wide, ultrawide, telephoto, depth)
- 108MP primary lens, 10x hybrid optical zoom
- Lidar scanner for subject and environment mapping
- Volumetric capture to create 3D models and holographic effects
Performance:
- Fastest mobile chipset available
- 1TB internal storage
- Quad speaker system with Dolby Atmos support
- 5G connectivity, WiFi 6, Bluetooth 5.1
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Design:
- Edge-to-edge cinematic display with 120Hz refresh rate
- Port for professional lens attachments
- MagSafe-enabled for specialized accessories
- Rugged design with IP68 water/dust resistance
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COMPETITIVE LANDSCAPE
1. AI-Assisted Smartphones:
- Competition: Devices with AI assistants like Siri (Apple), Google Assistant (Android), and
Bixby (Samsung).
- Differentiation: The PixelPro Phone's Hyper-contextual AI goes beyond reactive responses,
offering proactive suggestions based on real-time context, surpassing the standard voice and
text-based AI assistance.
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- Unique Proposition: The PixelPro Phone's AI-driven privacy controls, environmental
sensors, and sustainable design demonstrate a holistic approach towards both user security and
environmental impact reduction.
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MASLOW’S HIERARCHY OF NEEDS
Maslow's Hierarchy of Needs is a psychological theory that categorizes human needs into a
hierarchical structure, often represented as a pyramid. The theory suggests that individuals are
motivated to fulfil specific needs in a sequential order, starting from basic physiological needs
and progressing towards higher-level needs for self-actualization. Here's how our product fits
into Maslow's Hierarchy of Needs:
1) Physiological Needs:
The phone addresses these needs indirectly by providing tools and capabilities for content
creation. While it may not directly fulfill physiological needs like food, water, or shelter, it can
enable individuals to create content that helps them meet these needs indirectly (e.g., creating
content related to healthy eating, home improvement, etc.).
Marketing Strategy - Highlight the phone's use in creating content related to health and well-
being, such as fitness videos, healthy cooking tutorials, or DIY home improvement for
comfortable living spaces.
Collaborate with fitness influencers to showcase workout routines or healthy living tips using
the phone's high-quality recording and editing tools.
2) Safety Needs:
The phone does not directly address safety needs such as personal security or stability.
However, it indirectly contributes by offering opportunities for users to create content that
educates or informs others about safety measures or techniques for personal security.
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Marketing Strategy - Promote content creation focused on safety tips, emergency preparedness
guides, or home security advice using the phone's capabilities.
Develop informative videos demonstrating safety measures or collaborate with experts to
create content about personal safety.
Marketing Strategy - Encourage content that fosters connections and community. Highlight the
phone's role in creating content that brings people together over shared interests.
Launch social media challenges or campaigns encouraging users to share their stories or
experiences using the phone for content creation, building a sense of community.
4) Esteem Needs:
The Immersive Content Creation Studio phone significantly contributes to esteem needs by
empowering users to create high-quality multimedia content. By producing content that garners
attention, recognition, and positive feedback from others, individuals may experience increased
self-esteem and confidence in their creative abilities.
5) Self-Actualization Needs:
At the top of the hierarchy, self-actualization represents the fulfilment of one's potential and
personal growth. This phone aids in self-actualization by providing the tools and resources for
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creative expression, skill development, and the pursuit of personal passions or interests through
content creation. It helps users express themselves and achieve their creative aspirations.
Marketing Strategy - Position the phone as a tool for personal growth and self-expression.
Encourage users to explore their passions, share unique perspectives, and pursue creative
endeavours.
Launch a campaign celebrating users' diverse content and stories, focusing on how the phone
empowered them to achieve their creative goals.
While the phone may not directly fulfil the most fundamental physiological and safety needs
in Maslow's Hierarchy, it plays a role in addressing higher-level needs by enabling self-
expression, creativity, and personal growth through content creation—a significant aspect of
self-actualization.
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MARKETING ORIENTATION
HOLISTIC MARKETING
Social Responsibility
In current years, the international environment has been observing transformative changes,
stimulating a boosted emphasis on developing an environmental potential associated with the
Government's 2050 target of succeeding net-nil carbon emissions. A modification regarding to
balanced living has prevalently become more, with an extending prominence on recyclable
things and incorporating sustainability into diverse aspects of life. Accepting methods like
upcycling has appeared as a prominent approach representing people to influence to an
environmentally friendly world.
Currently, including the reveal of PixlPro Phone in 2023, we are extremely delighted to endure
the undertaking of advocating sustainability and innovation in our products and technology
PixlPro Phone, with its eco-friendly packaging designed for upcycling, empowers you to
transform the packaging into one-of-a-kind and practical items for your home, unlocking a
realm of creative possibilities.
To ensure that the upcycling process is available to all, every package of the PixlPro Phone
comes with a QR code. When this code is scanned, it will lead you to a webpage that provides
detailed instructions, guiding you through each step. The design of the phone package is user-
friendly, and it incorporates the "Dot Pattern" innovation, which simplifies DIY projects and
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empowers individuals to craft their miniature furniture using materials that would otherwise go
to waste.
As the auspicious occasion of Earth Day draws near, I implore you to contemplate the notion
of upcycling as an entertaining and captivating endeavor for your entire family. By immersing
yourself in this transformative practice, you actively participate in the collective effort to foster
a greener and more sustainable planet. Rest assured, your invaluable contribution resonates
deeply with our Earth's
vitality. Moreover, if you
yearn for inspiration or
seek innovative projects
to embark upon, I direct
your attention towards the
esteemed PixlPro Phone
Eco Package Website,
where a plethora of
imaginative ideas await your perusal.
Let us not forget that the well-being of our planet is contingent upon the combined endeavors
of humanity. Come and join our cause to contribute positively towards the preservation of our
environment, one upcycled creation at a time. Embrace the opportunity to be an integral part
of the movement towards a greener and more sustainable Earth, commencing today with the
PixlPro Phone!
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CONSUMER BEHAVIOUR
• Revolutionary AI Assistance: The PixlPro Phone stands out due to its advanced
Hyper-contextual AI, which surpasses traditional voice or text commands. By analyzing
real-time context and providing personalized proactive suggestions, such as automating
tasks and adjusting settings, it becomes an invaluable and intelligent companion in
everyday life.
• Comprehensive Content Creation Studio: The PixlPro Phone caters to users who
desire a complete content creation experience. With top-notch audio recording,
professional-grade camera lenses, and AI-powered editing features, it caters to
individuals who want to enhance their content creation without relying on external
equipment. It transforms into a compact powerhouse for creative expression.
• Seamless Social Media Integration: The PixlPro Phone's seamless integration with a
popular social media platform offers a unique selling point. Consumers seeking a device
that not only captures content but also enables instant sharing, engagement with an
audience, and collaboration with fellow creators will find the PixlPro Phone perfectly
aligned with their needs.
• Enhancing Creativity & Connectivity: Going beyond the standard phone
functionalities, the PixlPro Phone positions itself as an extension of the user's creative
identity. It emphasizes a seamless fusion between capturing moments and sharing them
with the world, elevating the overall digital experience and empowering creativity.
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Where Will Consumers Buy PixlPro Phone?
• Authorized Vendors: The PixlPro Phone can be bought from authorized vendors, such
as well-known electronics stores and mobile carriers.
• Internet Marketplaces: The phone is expected to be accessible on different internet
marketplaces, providing consumers with the convenience of purchasing through official
websites or e-commerce platforms.
FACTORS
INFLUENCING
Psychological
Cultural Factors Social Factors Personal Factors
factors
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Cultural (Subculture): Upper Class
Influence: The upper class within a cultural context may find the PixlPro Phone highly
appealing due to its cutting-edge technology and premium features. This particular social group
often seeks out exclusive and sophisticated products that align with their luxurious lifestyle.
Behavioral Impact: Individuals from the upper class may be more inclined to adopt the
PixlPro Phone as it reflects their social status and desire for high-end, technologically advanced
gadgets. The allure of owning such a prestigious device can greatly influence their purchasing
decisions.
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Personal Factors: Personality & self-concept
BRAND PERSONALITY
Excitement
The cutting-edge technology and innovative features of the PixlPro Phone create an atmosphere
of excitement. With its hyper-contextual AI and immersive content creation tools, every
interaction with the phone becomes a thrilling experience for users.
Sophistication:
The sleek design and advanced capabilities of the phone showcase sophistication. The use of
professional-grade camera lenses, high-fidelity audio recording, and AI-powered editing features
add an elegant touch, catering to users who appreciate a refined and sophisticated lifestyle.
Competence (Intelligence):
The hyper-contextual AI of the PixlPro Phone positions it as a smart and anticipatory assistant,
showcasing its intelligence. It goes beyond being just a device and becomes a cognitive companion
that adapts to users' needs, making it the intelligent choice for those seeking a seamless integration
of technology into their daily lives.
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SEGMENTATION, TARGETING & POSITIONING
Segmentation
To effectively introduce our cutting-edge product to the market, understanding and leveraging
segmentation strategies are pivotal. By dissecting the diverse consumer landscape based on
geographic, demographic, psychographic, and behavioral parameters, tailored marketing
approaches can be curated. These segmentation strategies ensure that the immersive
capabilities and versatile nature of the phone resonate deeply with specific target audiences.
We have segmented the market on the following parameters:
1) Geographic Segmentation
• Urban Areas - We have targeted urban areas where there is a high demand for
content creation and consumption, such as major cities in India, China, Japan,
South Korea, the US, and Europe. These markets have a large population of
potential customers who are interested in creating and sharing multimedia
content on social media platforms, blogs, podcasts, etc. Urban areas are also
more likely to have a diverse and dynamic culture, which can inspire your
customers to express themselves creatively through various forms of media. Our
phone can offer them local language support, cultural relevance, and exclusive
partnerships with local content creators. By choosing urban areas, we can also
benefit from the network effect, where your product becomes more valuable as
more people use it. For example, if our customers see their friends or celebrities
using your phone to create and share amazing content, they will be more likely
to buy it themselves.
2) Demographic Segmentation
• Age - According to a survey conducted by the Mobile Ecosystem Forum, the
highest penetration rate among smartphone users in India was in the age group
of 16 to 24 years, with 37 percent. This suggests that there is a large market
potential for our product among young adults in India. Similarly, according to
Statista, 96 percent of adults aged 18 to 29 in the US owned a smartphone in
2021 indicating a high demand for our product among this segment in the US.
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16-30 years old who are more likely to be tech-savvy, creative, and social are
also more likely to have a higher disposable income and a willingness to pay for
premium features and services.
• Income - High-income customers who can afford to buy your premium phone
and its accessories, such as camera lenses, microphones, or cloud storage. They
are also more likely to seek quality, performance, and status from our product.
Middle-income customers who have a moderate budget and are looking for a
balance between affordability and functionality. They are also more likely to
seek value, convenience, and reliability from our product.
3) Psychographic Segmentation
• Creatives who have a passion for expressing themselves through various forms
of media, such as music, video, photography, or writing. They are also more
likely to seek inspiration, feedback, and recognition from their peers and
audiences. Your product can offer them built-in high-fidelity audio recording
and editing tools, professional-grade camera lenses that attach magnetically, and
AI-powered editing features that suggest transitions, music, and sound effects.
• Innovators who have a curiosity for exploring new technologies, trends, and
opportunities. They are also more likely to seek challenges, learning, and
growth from their experiences. Your product can offer them a cutting-edge
design, a powerful performance, and a seamless integration with other devices
and platforms.
• Socials who have a desire for connecting and sharing with others. They are also
more likely to seek entertainment, communication, and collaboration from their
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interactions. Your product can offer them an immersive content creation studio,
a large and vibrant display, and a easy access to social media platforms, blogs,
podcasts, etc.
4) Behavioural Segmentation
• Frequent creators who will use our phone regularly and extensively to create,
edit, and share content on various platforms. They are also more likely to spend
more on your phone and its accessories, and seek quality, performance, and
recognition from our product.
• Occasional creators who will use our phone occasionally and moderately to
create, edit, and share content on specific platforms. They are also more likely
to seek value, convenience, and feedback from our product.
• Consumers who will use our phone mainly to consume content created by others
on various platforms. They are also more likely to seek entertainment,
communication, and collaboration from our product.
• Non-users who have not used our phone or its features yet but have shown an
interest in our product or its benefits. They are also more likely to convert into
customers if we offer them incentives, discounts, or referrals.
Targeting
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2) Digital Enthusiasts & Tech-Savvy Users:
People passionate about technology, who value innovation and are early adopters of
cutting-edge gadgets. They appreciate advanced features and seek devices that push
the boundaries of creativity and functionality.
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Positioning
Given the nature of our product—a mobile phone transformed into an immersive content
creation studio—multiple positioning strategies can be employed to effectively communicate
its value proposition to the target audience. Here's a breakdown of positioning strategies:
3) User Positioning:
Tailoring the messaging to resonate with the identified target audience, positioning the
phone as an essential companion for young content creators, tech-savvy individuals,
digital enthusiasts, creative professionals, and students seeking a powerful yet
portable content creation tool.
4) Product Positioning:
Positioning the phone as a premium, innovative, and cutting-edge product that
revolutionizes the way multimedia content is created and shared. Emphasizing its
unique selling propositions like an all-in-one content creation powerhouse and
professional-quality multimedia creation that will set it apart from traditional
smartphones.
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In conclusion, a combination of attribute and benefit positioning, along with user positioning,
would be effective for showcasing the technological prowess, versatility, and user-centric
benefits of the mobile phone as an immersive content creation studio. This strategy will
effectively resonate with the identified target audience, demonstrating the value and
uniqueness of our product in the competitive market.
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SWOT ANALYSIS
The PixerPro Phone, with its innovative features and strategic positioning, has the potential to
carve a niche in the competitive smartphone market.
STRENGTHS
Hyper-Contextual AI Assistance:
The PixelPro Phone's AI assistance sets it apart from competitors like Siri and Google Assistant
by offering proactive suggestions based on real-time context, providing a more personalized
and anticipatory user experience.
The Content Creation Studio, with AI-driven tools, high-fidelity audio features, and
magnetically attachable lenses, positions the PixelPro Phone as a versatile and streamlined
content creation powerhouse, offering a unique edge in the market.
The collaboration with an established social media platform fosters a dedicated creative
community, providing seamless connectivity for instant sharing, real-time collaboration, and a
unified user experience, setting it apart in the competitive landscape.
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The PixelPro Phone's features redefine connectivity and creativity, positioning it as an
extension of the user's creative identity and a catalyst for elevating the digital experience,
empowering creativity in a way that goes beyond traditional smartphones.
The phone boasts cutting-edge hardware and software specifications, such as a quad-camera
system, high-capacity storage, Dolby Atmos support, and a rugged design, providing a
comprehensive and top-notch user experience.
Brand Loyalty:
The brand's existing user base on its social media platform may be more likely to purchase the
phone due to their loyalty to the brand.
Marketing Reach:
The brand's established marketing channels and social media presence can be leveraged to
effectively promote the phone to a large audience.
The brand has the opportunity to be a pioneer in the market for smartphones that seamlessly
integrate with social media platforms.
Proactive AI assistance, dedicated content creation tools, and seamless social media integration
offer features not readily available elsewhere.
WEAKNESSES
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The social media platform brand may face challenges entering the smartphone market, as it is
a departure from its core business. Building credibility in the highly competitive smartphone
industry may pose initial hurdles.
The advanced features, especially the Hyper-Contextual AI Assistance and immersive Content
Creation Studio, may require a learning curve for users. Effective onboarding and user
education will be crucial to mitigate this weakness.
The reliance on a specific social media platform for unified integration may limit the PixerPro
Phone's appeal to users who prefer other platforms, potentially restricting market reach.
The brand may lack the expertise and experience in hardware manufacturing, which could lead
to potential quality control issues or delays in production.
As you mentioned, the brand may have limited distribution channels compared to established
smartphone manufacturers, which could make it difficult for consumers to purchase the phone.
Premium features and specifications likely translate to a high price, potentially limiting market
reach.
Privacy concerns: Extensive data collection and AI capabilities might raise privacy concerns
among users.
The brand may be reliant on third-party manufacturers for the production of the phone, which
could lead to potential supply chain disruptions or quality control issues.
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As a new entrant in the smartphone market, the brand may face challenges in ensuring the
stability and reliability of the phone's software.
OPPORTUNITIES
Strategic Partnerships:
Collaborate with content creators, influencers, and tech enthusiasts to showcase the PixelPro
Phone's capabilities, leveraging their reach to create buzz and credibility in the market.
Leverage the customizable user experience as a key selling point, tapping into the growing
trend of users seeking personalized and tailored interfaces for their devices.
Execute global marketing campaigns highlighting the unique features and benefits of the
PixerPro Phone, emphasizing its role in fostering creativity, connectivity, and a sense of
community.
The launch of the phone could be an opportunity for the brand to expand its social media
platform's ecosystem and attract new users.
Collaborations with Other Brands: The brand could collaborate with other brands to offer
exclusive content or services on the phone, further enhancing its appeal to consumers.
Growing demand for foldable smartphones: The brand could explore the opportunity to
develop foldable smartphones, which are gaining popularity among consumers.
The brand could target emerging markets, where there is a growing demand for smartphones
and a large potential customer base.
Untapped Market: The smartphone market is still growing, and there is an opportunity for the
brand to capture a share of this market by offering a unique and compelling product.
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The brand can collaborate with social media influencers to promote the phone and generate
buzz among potential customers.
THREATS
Intense Competition:
The smartphone market is highly competitive, with established players constantly innovating.
The PixelPro Phone must consistently innovate to stay ahead and differentiate itself in the
crowded marketplace.
Technological Obsolescence:
Rapid technological advancements may lead to the PixelPro Phone's features becoming
outdated quickly. Continuous research and development will be essential to stay at the forefront
of technological trends.
The AI-driven features, especially those related to contextual understanding, may raise privacy
concerns. Proactive communication and robust privacy controls are necessary to address
potential apprehensions among users.
Relying on a single social media platform for integration poses risks if user preferences shift
or if the chosen platform faces issues. Diversification of integration options could mitigate this
potential threat.
The regulatory landscape for smartphones is constantly evolving, and the brand will need to
ensure that the phone complies with all relevant regulations in the markets where it is sold.
Economic Factors:
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Economic downturns or fluctuations in currency exchange rates could impact the demand for
the phone, especially if it is priced at a premium.
The brand needs to be mindful of changing consumer preferences and trends, and be prepared
to adapt its product and marketing strategies accordingly.
The brand needs to address data privacy and security concerns, especially given the phone's
focus on social media integration and data collection.
Consumer preferences in the smartphone market can change rapidly, and the brand will need
to be able to adapt quickly to these changes to remain competitive.
Economic Downturn:
An economic downturn could lead to a decrease in consumer spending, which could impact
the demand for the phone.
Negative impact on platform perception: Failure of the phone could negatively impact the
perception of the social media platform brand.
Target Audience:
● The target audience for our phone is the entire youth population, not
just influencers.
● This includes young people who are passionate about content creation, social media,
and technology.
● The phone's focus on AI-powered content creation tools, high-quality cameras, and
editing software makes it an ideal choice for young people who want to create and share
engaging content.
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PRODUCT LIFE CYCLE: PRODUCT
The initial few years require substantial investment to establish the new product category and
build market momentum. But the established brand and differentiated capabilities help drive a
multi-year growth phase. Towards maturity, innovation slows down leading to decline, but over
a decade+ lifespan.
● Profits are non-existent or low due to heavy expenses incurred during product development
and marketing.
● Focus on informing potential customers about the product's unique features and benefits
through advertising and social media campaigns.
● Secure distribution in retail stores and online marketplaces to make the product widely
available.
● Lower pricing and bundle offers make device more mass market
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● Expand availability worldwide through online and retail channels
● Additional customer segments start buying the product, expanding the target market.
● Shift from product awareness to product preference as consumers experience the value of the
AI Content Studio phone.
● Offer additional features, accessories, and software updates to keep customers engaged.
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● Some lingering niche community of loyalists and creators
● Sales decline as newer and more advanced products enter the market.
● Consider selling off the brand or product line if the decline is significant.
Marketing Strategies:
Utilize social media platforms to connect with the target audience and promote the product's
features and benefits.
Collaborate with influencers and content creators to generate buzz and create authentic content
that resonates with the target audience.
Offer exclusive promotions and discounts to early adopters and loyal customers. Partner with
educational institutions and creative communities to introduce the product to potential
customers.
Create engaging marketing campaigns that highlight the phone's unique value proposition and
inspire creativity.
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PRICING STRATEGY: PRICE
By combining skimming pricing for the initial launch and value pricing for sustained market
presence, the phone can effectively navigate the product life cycle. This approach aligns with
the brand's innovative positioning, enables quick returns on initial investments, and ensures
long-term customer satisfaction and loyalty. The combination of skimming pricing initially and
transitioning to value pricing once the product is established will allow the brand to maximize
revenue, attract a wide range of customers, and position the AI Content Studio phone as a
premium product with exceptional value.
SKIMMING PRICING:
Justification:
● The phone is a premium product with innovative features and high-quality components.
● Skimming pricing allows the brand to recoup the high development and marketing costs
quickly.
● The target audience, young people who are passionate about content creation, social media,
and technology, are likely to be willing to pay a premium price for a cutting-edge product.
● Brand Image: Skimming pricing aligns with the premium and innovative image the brand
aims to establish in the market. It positions the phone as a high-end, exclusive device catering
to a discerning and tech-savvy audience.
● Recouping Initial Investment: The initial phase of product introduction involves significant
expenses in research, development, and marketing. Skimming pricing enables the brand to
recoup these investments quickly.
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Benefits:
● Attract early adopters who are willing to pay a premium for the latest technology.
Value Pricing:
Offering a product at a fair price that reflects its high quality and unique features.
Justification:
● Once the product has established a strong reputation and loyal customer base, the brand can
transition to a value pricing strategy.
● The phone's innovative features and high-quality components provide real value to
customers.
● By maintaining a competitive price point, the brand can attract a wider audience and increase
market share.
● Building Customer Loyalty: While initially launching at a premium, the phone can transition
to a value pricing strategy over time. This shift communicates to customers that the brand is
committed to providing a high-quality product at a reasonable price, fostering loyalty among
existing and potential customers.
● Broadening Market Access: As the product matures and competition increases, a value
pricing approach allows the brand to broaden its market reach. Lowering the price makes the
phone more accessible to a wider audience, including those who may have been initially
deterred by the premium price.
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Benefits:
● Win loyal customers who appreciate the product's quality and value.
● Build a strong brand reputation for offering high-quality products at a fair price.
Target Audience:
Strategies:
Advertising:
Wieden+Kennedy ad agency
Newspaper ads
Direct mail
Sales promotion
Digital marketing:
PR & events:
Press releases
Product launches
Industry events
Estimated Cost:
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Advertising:
Digital marketing:
PR & events:
Rs 15.5 crores
Justification:
The budget allocation is based on the objective of creating brand awareness among
youngsters.
Digital marketing is also a key component of the budget, as it allows the brand to target and
engage with young consumers online.
PR and events are allocated a smaller portion of the budget, but these activities can be
effective in generating buzz and creating positive brand associations.
Note:
The budget allocation for each strategy may vary depending on the specific tactics and
activities planned.
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MARKETING BUDGET:
Product Development & R&D:
Advertising:
Digital marketing:
PR & events:
Market research:
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Sales & Distribution:
Total Budget:
Rs 51-73 crores
Key assumptions:
The focus on traditional advertising (newspapers, direct mail, sales promotion) is increased
due to the involvement of Wieden+Kennedy, known for its creative and unconventional
advertising campaigns.
The digital marketing budget is maintained to reach the target audience of tech enthusiasts
and early adopters.
Retail margins are kept higher to incentivize retailers to stock and promote the high-priced
product.
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INTEGRATED MARKETING TOOLS (IMC): PROMOTION
ADVERTISING
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DIRECT MARKETING
DIRECT MAIL
Subject: Unleash Your Story with PixelPro: Your AI Content Studio in Your Pocket
Hi [Customer Name],
Remember the moments that ignite your passion? The breathtaking sunset you longed to capture, the electrifying
performance you wished you could relive, the masterpiece recipe you dreamed of sharing. Now, imagine capturing them
all with breathtaking detail and boundless creativity.
Introducing PixelPro, the revolutionary phone designed for you, the creator. It's your AI Content Studio in your pocket,
empowering you to tell your story like never before.
Grainy footage and cramped storage: PixelPro's intelligent camera adapts to light and movement, capturing every
nuance with stunning clarity. Endless storage lets you chase your dreams without boundaries.
Solo creative struggles: Your built-in AI assistant, Aura, becomes your creative confidante. Need editing inspiration?
Aura whips up mood boards and music. Stuck on a caption? Aura whispers witty suggestions.
Limited reach and engagement: Seamless Everglow integration connects you directly to your audience. Share your
masterpieces instantly, amplify your voice, and join a vibrant community of creators.
See further: AI-powered camera captures the world as you see it, with breathtaking clarity and detail.
Feel deeper: Endless storage keeps your memories alive, letting you chase your passion without boundaries.
Share brighter: Seamless Everglow integration connects you to your audience and amplifies your reach.
Let PixelPro help you paint the world with your vision.
Don't let limitations hold you back. Unleash your story. Unleash PixelPro.
Warmly,
P.S. Follow us on Everglow for inspiring creator stories, tips, and behind-the-scenes glimpses of PixelPro!
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SALES PROMOTION
45
INTERNET
INFLUENCER MARKETING
46
The campaign revolves around the core idea of PixelPro empowering creators to unleash their
unique stories through its cutting-edge technology and seamless Everglow integration.
Behind-the-Scenes Videos:
• Offering exclusive behind-the-scenes glimpses into the creative process of top Everglow
creators using PixelPro.
• These videos showcase the phone's features in action and provide valuable insights into
storytelling techniques.
• Hosting Live Q&A sessions with creators on Everglow platforms to build personal
connections and answer audience questions.
ADVERTISEMENT AGENCY
Selecting Wieden+Kennedy as the advertising agency to launch the PixlPro Phone is a
strategic decision based on the agency's renowned creative excellence, global presence, and
innovative thinking. With a successful track record in the technology sector and a history of
creating impactful campaigns across various industries, Wieden+Kennedy brings a unique
combination of strategic expertise and creative flair. The agency's focus on cultural relevance,
ability to push creative boundaries, and collaborative approach with clients align well with the
dynamic and competitive nature of the mobile phone market. Wieden+Kennedy's award-
winning reputation further emphasizes its ability to deliver high-quality campaigns that can
enhance the visibility and credibility of the new mobile phone brand.
Wieden+Kennedy has been responsible for iconic and influential campaigns for leading
brands. Notably, their collaboration with Nike resulted in the creation of the legendary "Just
Do It" campaign, which has become synonymous with the brand's ethos of inspiration and
determination. The agency's work with Old Spice, particularly the "The Man Your Man Could
Smell Like" campaign, demonstrated their ability to infuse humor and memorability into
advertisements, attracting widespread attention. Wieden+Kennedy's innovative approach is
evident in the Honda "Cog" commercial, celebrated for its intricate portrayal of a Rube
Goldberg machine using car parts. Additionally, their global campaigns for Coca-Cola, such as
47
"Open Happiness," focused on spreading joy and positivity, while their work with Delta Air
Lines highlighted the airline's commitment to customer service.
Engaging a professional external agency to launch the PixlPro Phone offers several distinct
advantages. Firstly, these agencies possess specialized expertise and stay updated with industry
trends and best practices, which is particularly beneficial for a new entrant seeking guidance in
a competitive market. Furthermore, the
creative diversity brought by an external
agency can inject fresh perspectives and
ideas into the advertising strategy, ensuring a
unique and impactful campaign.
Collaborating with Wieden+Kennedy, with
their proven track record and innovative
approach, will undoubtedly contribute to the
success of the PixlPro Phone's launch.
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DISTRIBUTION STRATEGY: PLACE
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REFERENCES
https://www.statista.com/statistics/1237411/mobile-device-and-app-usage-change-by-
generation/ accessed on 04/01/2024.
https://www.statista.com/statistics/1135692/india-smartphone-users-by-age-group/
accessed on 04/01/2024.
https://www.mordorintelligence.com/industry-reports/smartphones-market
accessed on 03/02/2024
https://core.ac.uk/download/pdf/80700625.pdf
accessed on 30/12/2023
Brand Personality: Definition, Examples, and How to Define Yours - The Branding
Journal
accessed on 1/01/2024
www.investopedia.com/terms/b/brand-personality.asp
accessed on 1/01/2024
What is Consumer Behavior? Definition, Example, Types & Factors | Marketing91
accessed on 1/01/2024
https://www.marketingtutor.net/what-is-consumer-behavior
accessed on 1/01/2024
www.upgrad.com/blog/what-is-holistic-marketing/
accessed on 1/01/2024
https://www.businessnewsdaily.com/4245-swot-analysis.html
accessed on 31/12/2023
https://hbr.org/1965/11/exploit-the-product-life-cycle
accessed on 28/12/2023
https://www.coursera.org/articles/pricing-strategy
accessed on 02/01/2024
50
QUESTIONNAIRE
Form Link:
https://forms.gle/Bz1paxbj43VSr48RA
1. How often do you currently use social media apps on your smartphone?
Daily
Multiple times a day
Once a week
Rarely
2. What features or capabilities would make you interested in using a social media company's
smartphone?
Access to exclusive content
AI assistant
Integrated social apps
Integrated Media-editing software
3. Would you be interested in using an AI assistant on a smartphone to automatically capture
and organize visual content for sharing on social media ?
Yes
No
Maybe
4. On a scale of 1-5 how useful would you find an AI assistant that suggests the best
photos/video clips to post for maximum engagement ?
1 Least useful
2
3
4
5 Most useful
5. How important is having AI privacy controls regarding what smartphone data can be
utilized by the AI assistant and social apps?
1 Least Important
2
3
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4
5 Most Important
6. In terms of design and aesthetics, what factors play a crucial role in your decision to
purchase a smartphone?
Sleek and slim design
Unique color options
Premium build materials
Innovative form factor
7. Would you consider a price range of INR 1,00,000-1,50,000 reasonable for a social media
smartphone with AI assistant and software focused on content creation?
Yes
No
Maybe
8. Would you pay an additional monthly subscription free ranging from INR 1000 to INR
1500 to have continuous upgrades to the latest AI assistant features and access to latest
editing software(s) ?
Yes
No
maybe
9. Are you interested in extra accessories for your smartphone, such as external lenses,
tripods, or customizable phone cases ?
Very interested
Interested
Neutral
Not very interested
Not interested at all
10. How much do environmental factors like economic downturns or personal budget
constraints override your interest in upgraded smartphone capabilities offered at premium
prices ?
1 Least
2
3
4
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5
6
7
8
9
10 Most
11. What challenges do you currently face while creating and sharing content on social media
platforms?
Limited creative tools
Time constraints
Technical difficulties
Lack of inspiration
12. Which specific AI-assisted content creation tools or functionalities would you find most
valuable in a smartphone?
AI-driven filters and effects
Smart video editing suggestions
Voice-controlled content creation
AI-enhanced photography
13. What specific features would you expect in a mobile editing software to meet your
creative needs?
Advanced filters and effects
Professional-grade color correction
AI-driven enhancement suggestions
Seamless collaboration with other users
14. How likely are you to consider a smartphone with dedicated AI privacy controls
regarding what smartphone data can be utilized by the AI assistant and social apps ?
1 Very unlikely
2
3
4
5 Very likely
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INTERPRETATION
The overwhelming majority (77.5%) of respondents use social media apps on their
smartphones daily, highlighting its deep integration into daily routines. This suggests a
prime opportunity for smartphones focused on social media engagement.
Due to Smart Gadgets & People’s Perception towards Fast World , Nowadays people
have faith much on AI Assistant which can be seen in the chart of 67.5% of responses
having thought of smart initiative.
The demand for AI Oriented Products is Huge
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Since after the AI Feature in certain Applications according to our survey the Demand for
AI In mobile is increasing in a Jiffy with 72.5% responses voting For AI-Assistant tools.
The response shows 4/5. Analyzing content for engagement potential is valuable, but the
success still hinges on context, audience, and platform specifics. Automated suggestions
would be a great starting point, but human judgment remains crucial.
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Having AI privacy controls regarding what smartphone data can be utilized by the AI
assistant and social apps is important to users, with an average rating of 4.8 on a scale of
1 (highest) to 5. This suggests that users are concerned about their privacy and want to be
able to control what data is shared with AI assistants and social apps.
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According to the Question, we can have a interpretation that People are having more
perception towards spending much on the upcoming AI-Oriented mobile phone.
More than 50% people are willing to spend more than 100000 price for the AI Oriented
Phone.
People are more satisfied when there is no extra price charged to them related to any
product.
As we can see with the chart that majority of them(42.5%) are not willing to pay extra
subscription, that states that , A product should have all the qualities inbuild or Non-
chargeable features once they have purchased the product.
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Since the graph determines the number of people interested in getting the extra
accessories, it can be stated that quality can be changed by installing these equipment ,
the look, features can be improved.
50% people have interest towards the getting extra accessories
However, analyzing responses (22.5%), in that price range could partially indicate some
hesitation due to financial considerations. Further analyzing user demographics and income
levels alongside this data could potentially shed light on the influence of economic factors on
their willingness to pay for high-end smartphones.
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The Current Tools which are available in the Market is not sufficient for the People to get
satisfied .
The Creative tools are lagging & needs to be Improvised
We can see 37.5% of the reponses have voted that they are facing problem in creative
tools..
We can Analysize that 32.5% of the People have a Specified Perception that they want
AI-driven fillers & affects
Other questions have a similar thoughts which range around 20-30 %
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As per the chart survey the Professional Grade color correction shows a 42.5% demand as
compared to other which have 37% & 15%.
Thus the introduction of professional Grade color collection nees to be Intrroduced.
Users are highly likely to consider a smartphone with dedicated AI privacy controls,
ranking its importance at Majority of voting 1 out of 5 & similarly 4 out of 5. This
indicates a strong demand for transparency and control over personal data used by AI
assistants and social apps.
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Responses:
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