3. Features of Club Ya-Ya*
• Nail Bar
• Comedy Nights, Resident Band
• Food options include tapas and
dessert bars
• Cafe with reading corners
• Full-service bar
• Self-improvement talks
*Members will get to enjoy these features for a
membership fee of SGD 500/year
4. Target Audience
•Career women
•Age 25-35
•Single or married
•Mature in outlook
•Income more than $3500 a month
•Executive jobs, professionals or own business
5. Sample Profile
•25 year old, single
•Works at Citibank, earns $7000 a month
•Plays hard, works hard
•University graduate with first-class honours
•Highly driven, independent and opinionated
•Confident appearance
•Not really into relationships, and marriage.
•Likes to hang out with her girlfriends
•Believes she is special and wants to be treated that way.
8. Consumer Insights
• View themselves as unique individuals, not as units
of family
• Respond better when marketers acknowledges her
individuality
• Reject advertising that “talks down” to them
Source:
1. Women Dominate The Global Market Place; Here are 5 Keys To Reaching Them
http://www.fastcodesign.com/1663594/women-dominate-the-global-market-place-here-are-5-keys-to-reaching-them
10. Main Problems
1. Too many venues to chill out/party with ladies’ nights
2. Benefits of a women-only club unclear
3. If club is promoted just for partying, $500
membership fee is hefty
11. The Idea
To create an exclusive sanctuary where
women can be the better women that they
want to be, all with a bit of fun.
12. Purpose
To let women identify Club Ya-Ya as a place where they can
improve all aspects of their well-being
13. Proposed Solution
• Have 20 eminent speakers (one every fortnight) – in areas
such as well-being, business/financial management,
psychology and beauty.
• Speakers’ names are released each month
• Send invites to HR departments at different organizations
14. Proposed Solution
•Non-members: $50 for first talk, $200 for subsequent talks
•Members get in for free
•UOB Lady’s Card members 15% off for one talk,
20% off membership
23. Media Research
51%of readers fall
into target
demographic
(25-35 years old)
203,000readers a month, most widely read women’s
magazine in Singapore
Her World
$3516median personal
monthly income for
each reader
Cosmopolitan
86,292readers a month
56%of readers fall into
target demographic
(25-35 years old)
$3000average personal
monthly income for
each reader
24. Budget: Expenditure
Speaker’s Fee:
20 X $5000 = $100,000
Advertising:
12 X 2nd page double-spread in women’s
magazines
Approx. $50,000.
Total: $155,000
25. Budget: Income
Supposing 50% conversion rate to memberships,
each talk having about 150 people
Members: 75 X 20 X 500 = $750,000
Non-Members: 75 X 20 X 50 = $75,000
Revenue: $825,000
Profit: $670,000
26. Budget: Breakeven?
The excess $55,000 can be covered if we get
55 first time non-members to attend per talk.
55 X 20 X 50 = $55,000
Essentially, we just need 5 new members to sign
up for each talk to breakeven.
27. Sustainability
• Talks stretch over 10 months
• If prominent celebrities continue to get featured,
hype is sustained
• The selling point: besides fun, you can come
here to enrich yourself
28. What we did
• Pick one unique selling point of the club:
self-improvement talks
• Launch club through use of famous speakers
• Using our own and partners’ promotional channels
• Sustained hype to ensure steady stream of new
members