Ecom

In: Business and Management

Submitted By satya292
Words 260
Pages 2
Drivers of shopping Jewelry online: Price, Offers, Variety, Ease of access, Better service and current trend of buying online
From our primary research (in the age group 22-35) we see that people are not comfortable paying through cash for payments above 5000 rupees as they don’t carry cash beyond that value very often. Further, during high value transactions they prefer paying through credit or debit card if they are buying offline in the jewelry store. Respondents also are vary that they will not go for high value spending online in unfamiliar sites. With Caratlane.com clearly being low on brand visibility we suggest it go for a brand marketing drive so that potential customers use their cards to buy high value products.
Branding:
* Marketing event in association with corporate tech parks to reach Working women * Referral and loyalty programs creating word of mouth to elevate trust * Association with international certification agencies regarding solitaires to increase customer confidence in the product * Online/Offline marketing through advertising in women oriented magazines * Association with regional and national television production houses Our prime consumers are working women who are busy and with high disposable income who moving away from traditional clothing to more chic fashion. We try to position the product as ‘Old is gold but gold is old’ to create a fad for solitaires among women. We need to utilize the jewelry ‘show off’ nature of women to create a fad through availability of latest designs at lower rates to increase penetration and base of initial customers to create a…...

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