B-Plan on Party Anywhere
Digital Marketing Assignment
An online booking system to help consumers find and hire live
entertainment for weddings, events, private parties, nightclubs, Bar,
Restaurant table booking grand openings, and other events.
2015
A
HKRG
2/25/2015
Submitted by : Submitted to:
Ambarish Nigam Mr. Romit Kalra
Roll no. 20135005
MBA-GM’13
Executive Summary
Introduction
Party Anywhere online booking system to help consumers find and hire live entertainment for
weddings, events, private parties, nightclubs, Bar Mitzvahs, Restaurant table booking grand
openings, and other events.
It also takes advantage of the Internet's ability to organize and connect the fragmented
marketplace of musicians and entertainers into a searchable database that is consumer-
focused, and easy-to-use. Party Anywhere is an owner-managed company.
Services:
Party Anywhere will collect 10% commission fee each time it brokers a transaction between a
buyer and seller of entertainment services. The company will collect its fee from the seller. In
addition to booking commissions, it can earn revenue from corporate sponsorships of its bi-
monthly newsletter. Future sponsors could be Amazon.in, Flipkart.com etc
There are a number of other websites that connect buyers and sellers of services, however only
Party Anywhere provides the emphasis on music and entertainment. By doing so, it offers
significant advantages to all of its customers. For example, only it provides online press kits
allowing customers to both hear and see entertainers before they hire them. Also, only Party
Anywhere has developed an online bidding system which supplies customers with competitive
bids from the entertainers.
In addition to its primary revenue sources of booking commissions and corporate sponsorships,
the company also derives revenue through additional fee-based services it offers its
entertainers. As the company grows and has additional resources, these secondary revenue
streams will begin to take on an increasingly important role.
The Market:
Research shows that in India, close to Rs. 1000 Crores is spent each year on music and
entertainment. The largest component of this market is the wedding industry. There are 2.3
million weddings each year, with over Rs. 300 Cr spent on music. Other components of the
industry include corporate events, nightclubs, festivals, Bar Mitzvahs, fraternity and sorority
functions, high school proms, country clubs, and hotels.
There are also approximately 13,239 traditional (offline) booking agents in the India. They earn
Rs. 300 Cr annually. Many have websites, but few, if any, offer the ability to book directly
online. These sites are more like corporate "brochures" and spotlight only a few of their big-
name entertainers with little more than a phone number available for further information. Also,
these agents traditionally focus on high-end bookings, generally ignoring the vast market of
individuals looking for bands for their weddings, private parties, fraternity dances, corporate
Christmas parties, and high school proms. These types of events make up the Party Anywhere
marketplace.
The company will seek to form strategic partnerships with sites such as shaadi.com etc whose
customers are planning weddings, parties, and events. It will offer these high traffic sites the
opportunity to share in a viable revenue sharing program, and, in return, Party Anywhere will
benefit from a steady stream of traffic and increased revenue.
Services:
Party anywhere is the medium between live entertainment and the people who hire them. We
provide the booking service to help customers find quality entertainment for any event.
How the system works:
1. A customer visits the Party Anywhere website and types her ZIP code, the event she is
planning, and the type of entertainment she is seeking.
2. She is immediately furnished with a list of entertainers in her area. She accesses online
press kits where she listens to audio samples, watches video, reads biographies, and
views client testimonials. She then checks off the ones that interest her.
3. The customer then fills out a brief description of her event.
4. Each entertainer selected by the customer then receives a "alert" email describing the
customer's event. The entertainers then each have an opportunity to submit a bid for
the customer's event.
5. Based on the bids received, the customer can then decide which entertainer she wishes
to hire, and may contact the entertainers offline for further information to aid in her
decision.
6. The day after the event, a follow-up email is sent to the customer inquiring whether any
groups she contacted were hired. Those that were are then invoiced for an amount
equal to 10% of what they earned. This commission is agreed to in advance by all
entertainers who sign up with the Party Anywhere website.
Market Analysis Summary
Research shows that in India, close to Rs 1000 Crore per year is spent on live music and
entertainment services. The largest component of this is the wedding industry.
On the supply side, there are over 124,520 professional musicians and entertainers earning a
total of Rs. 1500 Crore per year. This does not include the vast number of amateur musicians,
many of whom make up the company's database. The company has targeted this segment
aggressively, and has also begun to target the 91,191 caterers and 65,395 photographers.
Market Segmentation:
The components of the entertainment market that Party Anywhere is targeting include:
 Weddings
 Corporate Events/Conventions
 Nightclubs/Bars/Restaurants
 Bar/Bat Mitzvahs
 Festivals
 Vacation & Resort Entertainment
 Fraternity/Sorority Dances & Parties
 High School Proms/Dances
 Country Club Entertainment
 Hotel Entertainment.
Marketing Strategy:
The first and most important factor is getting people to visit the site. Traffic is essential because
it leads to requests, which lead to bookings, which lead to commissions.
 Search Engine Positioning
 Links
 Banner Ads
 Co-Branding
Sales Strategy :
Once visitors have reached our site, we must convince them to book entertainment through
partyanywherecom. There are three challenges here:
 Helping the customer find the right entertainer
 Gaining the customer's trust
 Making sure that our listed entertainers respond to requests

B-Plan on PartyAnywhere.com

  • 1.
    B-Plan on PartyAnywhere Digital Marketing Assignment An online booking system to help consumers find and hire live entertainment for weddings, events, private parties, nightclubs, Bar, Restaurant table booking grand openings, and other events. 2015 A HKRG 2/25/2015 Submitted by : Submitted to: Ambarish Nigam Mr. Romit Kalra Roll no. 20135005 MBA-GM’13
  • 2.
    Executive Summary Introduction Party Anywhereonline booking system to help consumers find and hire live entertainment for weddings, events, private parties, nightclubs, Bar Mitzvahs, Restaurant table booking grand openings, and other events. It also takes advantage of the Internet's ability to organize and connect the fragmented marketplace of musicians and entertainers into a searchable database that is consumer- focused, and easy-to-use. Party Anywhere is an owner-managed company. Services: Party Anywhere will collect 10% commission fee each time it brokers a transaction between a buyer and seller of entertainment services. The company will collect its fee from the seller. In addition to booking commissions, it can earn revenue from corporate sponsorships of its bi- monthly newsletter. Future sponsors could be Amazon.in, Flipkart.com etc There are a number of other websites that connect buyers and sellers of services, however only Party Anywhere provides the emphasis on music and entertainment. By doing so, it offers significant advantages to all of its customers. For example, only it provides online press kits allowing customers to both hear and see entertainers before they hire them. Also, only Party Anywhere has developed an online bidding system which supplies customers with competitive bids from the entertainers. In addition to its primary revenue sources of booking commissions and corporate sponsorships, the company also derives revenue through additional fee-based services it offers its entertainers. As the company grows and has additional resources, these secondary revenue streams will begin to take on an increasingly important role. The Market: Research shows that in India, close to Rs. 1000 Crores is spent each year on music and entertainment. The largest component of this market is the wedding industry. There are 2.3 million weddings each year, with over Rs. 300 Cr spent on music. Other components of the industry include corporate events, nightclubs, festivals, Bar Mitzvahs, fraternity and sorority functions, high school proms, country clubs, and hotels. There are also approximately 13,239 traditional (offline) booking agents in the India. They earn Rs. 300 Cr annually. Many have websites, but few, if any, offer the ability to book directly online. These sites are more like corporate "brochures" and spotlight only a few of their big- name entertainers with little more than a phone number available for further information. Also, these agents traditionally focus on high-end bookings, generally ignoring the vast market of individuals looking for bands for their weddings, private parties, fraternity dances, corporate Christmas parties, and high school proms. These types of events make up the Party Anywhere marketplace.
  • 3.
    The company willseek to form strategic partnerships with sites such as shaadi.com etc whose customers are planning weddings, parties, and events. It will offer these high traffic sites the opportunity to share in a viable revenue sharing program, and, in return, Party Anywhere will benefit from a steady stream of traffic and increased revenue. Services: Party anywhere is the medium between live entertainment and the people who hire them. We provide the booking service to help customers find quality entertainment for any event. How the system works: 1. A customer visits the Party Anywhere website and types her ZIP code, the event she is planning, and the type of entertainment she is seeking. 2. She is immediately furnished with a list of entertainers in her area. She accesses online press kits where she listens to audio samples, watches video, reads biographies, and views client testimonials. She then checks off the ones that interest her. 3. The customer then fills out a brief description of her event. 4. Each entertainer selected by the customer then receives a "alert" email describing the customer's event. The entertainers then each have an opportunity to submit a bid for the customer's event. 5. Based on the bids received, the customer can then decide which entertainer she wishes to hire, and may contact the entertainers offline for further information to aid in her decision. 6. The day after the event, a follow-up email is sent to the customer inquiring whether any groups she contacted were hired. Those that were are then invoiced for an amount equal to 10% of what they earned. This commission is agreed to in advance by all entertainers who sign up with the Party Anywhere website. Market Analysis Summary Research shows that in India, close to Rs 1000 Crore per year is spent on live music and entertainment services. The largest component of this is the wedding industry. On the supply side, there are over 124,520 professional musicians and entertainers earning a total of Rs. 1500 Crore per year. This does not include the vast number of amateur musicians, many of whom make up the company's database. The company has targeted this segment aggressively, and has also begun to target the 91,191 caterers and 65,395 photographers.
  • 4.
    Market Segmentation: The componentsof the entertainment market that Party Anywhere is targeting include:  Weddings  Corporate Events/Conventions  Nightclubs/Bars/Restaurants  Bar/Bat Mitzvahs  Festivals  Vacation & Resort Entertainment  Fraternity/Sorority Dances & Parties  High School Proms/Dances  Country Club Entertainment  Hotel Entertainment. Marketing Strategy: The first and most important factor is getting people to visit the site. Traffic is essential because it leads to requests, which lead to bookings, which lead to commissions.  Search Engine Positioning  Links  Banner Ads  Co-Branding Sales Strategy : Once visitors have reached our site, we must convince them to book entertainment through partyanywherecom. There are three challenges here:  Helping the customer find the right entertainer  Gaining the customer's trust  Making sure that our listed entertainers respond to requests