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Project Report on
Submitted to:
Prof. Deviprasad Ghosh
Undoubtedly, the world is now shifting its focus towards more natural and organic products.
For centuries, Indian flower extracts and plans have been used to make fragrant essential oils,
perfume concentrates (attar) etc. Earlier, the west was popular for fragrances that came from
India. These consisted of ingredients such as jasmine oil, rose water and sandalwood. Presently,
the well-informed, hygiene and grooming conscious Indian customers understand the
importance of going back to nature and demand natural products.
According to Industry estimates, the overall size of the Indian Perfume Industry is currently
estimated at Rs. 2000 crores and is projected to grow by 50 percent (Rs.3000 crores) by the
year 2020.
The current Online Perfume Market is estimated at Rs.148 crores projected to grow by
approximately 120% to Rs 345 crores.
The traditional Fragrance Industry in India has been subjected to vast changes lately, especially
with the introduction of technology and wider usage. Since most Indian consumers are turning
to online shopping, the market share of the Online Perfume Industry, which is 7% of the
total perfume market, is set to increase by 11% approx. by 2020.
OUR PRODUCT
Kasaya is an attar brand which takes you back to the roots of India. Our Mantra is “Attar to
rejuvenate the rich heritage and essence of India”. We offer 5 fragrances: Divine Sandal wood,
Mystic Rose, Floral Jasmine, Zesty Kewda and Exotic Khas.
Product names affect the performance in search, navigation onsite, ease of finding the suitable
products etc. hence the adjectives used for the product name are in the top 20 adjectives/words
used for describing fragrances.
For an online shopping website, 3 components must be present in the product name: Brand,
Model/Product type and Key Attributes. Our products will be displayed as follows:
KASAYA
Mystic Rose Women’s Attar Perfume
50ml
Rs. 7800.00
Company Logo
VALUE PROPOSITION
Indian Origin
Made from scare resource procured from different parts of India (The Mystic Rose is
specially extracted from specific specie of rose called Damask Rose found in the floral
gardens of Kannauj; Divine Sandalwood is extracted from Santalum Album which is
procured from Coorg; Floral Jamine is extracted from Parimullai specie procured from
Mysore)
100% pure and native ingredients and eco-friendly packaging
The essential oil is aged for 5-10 years
Chemical Free
BUSINESS MODEL
Most of the attar which is being produced in India, by local manufactures is exported to United
Arab Emirates, and there lies a prominent scope for commercialization of this product in India.
Also, with new government regulations and GST, the cost of exporting has increased, which
also gives us the right time to offer our product in India. Attar is sold locally, with no big
reliable platform to buy attar from. Thus, we will build on these opportunities and market our
product while leveraging its deep roots from Indian history.
Kasaya is vertically integrated and follows B to C (Business to Customer) e- business
model.
o We will buy the raw extracts from local suppliers (e.g. From places like Kannauj
often called the perfume capital) and process it in house. The distribution aspect
will also be covered by us, so that our product (being very fragile) reaches the
consumer’s doorstep, like the way he/she ordered it.
o We will first start from Tier 1 cities like, Mumbai, Delhi, Kolkata, Bangalore,
Hyderabad, Pune and then will expand to Tier 2 and 3cities.
The online transactions will be safe and secure (by Norton) and will accept all forms of
online payments-
o Wallets- Gpay, Paytm, Mobikwik, Phonepay
o Netbanking
o UPI Payments
o Debit or Credit Cards
For Revenue, we will also use Ad Sales, or Display advertising but of premium products
only.
The advertisement and promotional campaigns will also be done online, through social
media and user generated content. We will also use google ads for the search and display
advertising, and payments will be based on cost per click.
A hypothetical example of what our online campaign would look like:
KEYWORD ANALYSIS
Relevant set of keywords is very essential for search engine optimisation and to make sure
while searching certain keywords lead the user to your website, keyword analysis is very
important. There are several ways in which this can be done. One such method is by using
online tools or websites which analyse the keywords of competitor’s website. Attar being the
product of our company can have competitors from perfume industry and since we cater to
high end customers, mostly top-notch brands like Chanel, Sephora comes in the periphery of
competition. Consider the below given image for the keyword analysis performed by the
website called NINJAS which is meant to understand the value and influence of a particular
keyword with respect to the product and the associated brand.
It can be seen in the analysis that two key words “Chanel” and “bag” has highest number of
counts under the category one-word search. In two-word phrase category “coco mademoiselle”
a popular perfume offered by the company is one of the top scoring keywords.
Consider the below images which show similar type of analysis done on Nykaa and Sephora
to understand the use of keywords by the competitors and then form such a set of keywords
which is relevant to develop our own website. Generally, the name of the brand or the popular
product offered by the company shows the highest counts.
WEBSITE
Operated through 400 subsidiaries Christian Dior, has a presence around the globe. It consists of a
group of brands that cater to the various segments of the market. The Dior Homme division serves
the affluent male buyer whereas the Miss Dior brand looks after the needs of well off women. The
company employs the services of renowned designers and artists in creating its products. It is the
pinnacle of luxury perfumes which is recognized and respected in the luxury and fashion industry.
The brand also makes use of celebrity endorsements so that the desired awareness is created in the
minds of target audience. Endorsements made by popular and critically acclaimed celebrities like
Johnny Depp, Jennifer Lawrence etc. is a common practice of the company.
Key Activities
Business Model
Customer
Resources
Segments
Channels
Key Activities:
The major activities that are undertaken by Christian Dior are focused primarily on
advertising and creating a favorable brand image that appeals to the wealthy. It designs and
manufactures its products in manner that maintains exclusivity in the market. The
production process is monitored by stringent quality control measures. The company tries to
manufacture fragrances that are classy but also are in tune with current trends. The perfume
collections are often released as limited editions of fragrances and the company allocates
sizeable resources for research and development. Also, customer after sale service is given a
priority in the organization. All such activities help the company to achieve a commanding
position in the luxury perfume market as well as in the fashion industry.
Value Propositions:
The value propositions offered by the brand are that of luxury and opulence. Design and
retail of products is done in a manner to maintain its tradition as a creator of haute-culture.
Besides fragrances the brand also offers designer accessories, beauty products and also time
pieces. Over a period of time Christian Dior has managed to become a brand globally known
as a symbol of grandeur.
Customer Segments:
The brand usually targets high net worth individuals who are upscale and are trend setters.
Aspirational brand ambassadors are appointed for this purpose. The brand has a high
emotional connect among such individuals and enjoys a brand culture that depicts the
tasteful style of living of such individuals.
Channels:
The company makes use of retail outlets as well as its online store to sell the products
worldwide. Also the products of the brand are available at high class boutique stores,
advertised at events, fashion shows, film festivals etc. The brand also has its dedicated
fashion channel DiorTV which is available online on YouTube, Play Store and App Store
which features various Dior products being used by popular individuals. All the latest news
about Dior perfumes is also made available via the Dior Newsletter which is based on a
subscription model.
Key Resources:
The brand is world’s largest luxury and fashion group. The key resources of the company are
creative and famous fashion designers with a talent to create products that are appealing to
individuals of all ages looking to wear perfumes that are timeless in style. The brand has a
strong distribution network that looks after global demand. The fashion genius of Mr.
Christian Dior has made the company one of the greatest and most luxurious fashion houses
of the globe.
Dior Twitter:
To make its products available to the target audience, a mix of demographic and psychographic
segmentation is used by the company. The brand has been successful in positioning itself as a
company with a portfolio of luxury products. It employs value based positioning strategy. The brand
is usually seen as a rebel and is usually targeted towards a young affluent crowd with tastes that are
modern and different. The brand promotes itself by sponsoring major fashion events such as Paris
Fashion Week etc. The product portfolio of the brand consists of fragrances, watches, skin care and
beauty accessories. Chanel Perfumes are star products in the organizations portfolio. To make its
products available worldwide, Chanel distributes its products using channels like exclusive stores, e
commerce sites, and high-end supermarkets. There are around 300 Chanel Boutique stores across
the globe. The brand is present in the Forbes List of most valuable brands worldwide this has been
achieved by its high visibility in the fashion industry. Upper income groups, particularly women
belonging to the ages of 15 to 40 are the primary customers of the brand. However, we would
consider Christian Dior as our major competitor as the target audience of Chanel is usually women.
FACEBOOK PAGE
INSTAGRAM PAGE
PROMOTION PLAN
Will get customer data from various touch points like website, Facebook, twitter and
Instagram- in our website we have given incentive to people to subscribe to our
newsletter also, we will be posting videos of how a particular attar is made, its historical
use, and benefits of that flower or attar. Also through insights from our social media
pages, we will be able to track and target our site visitors in a better way.
Promote user-generated content in YouTube- we also have a page on YouTube, where
in people can post their views or reviews about a particular product and we will be giving
them points or cupon codes which can be redeemed in further purchases. This way our
customers will be motivated to make and upload videos and this will help in worth of
mouth campaigns.
In future will have Q&A page as well in our website- to be more interactive and collect
the data, we will have our own question and answers page wherein more details can be
provided about a particular product, and problems can be handled.
Will also be conducting frequent contests on our insta and FB page- frequent contests
or giving facts about our natural attar, will also make our webpages more interactive and
thus will increase the traffic.