SlideShare a Scribd company logo
1 of 20
Download to read offline
However, HomeTown also exists in an age which sees 2 additional dimensions:
•  Desire to make your own home, with things as personalised as possible
•  Retail is out, e-tail is in.
Hometown Wants To Sell More Than Just
Furniture. It Wants To Give You A
Complete Home Solution.
So, the question posed is, In a time where everyone and everything is online, how does
HomeTown redefine a saturated category?
We need to attract consumers, provide them relevant value, while still keeping an
eye on the bottom line.
Exploring
Opportunities
Shift from collectivistic to
individualistic society
This means that individuals are going
to leave behind the notion of joint
families, and set up their nest earlier,
and on their own.
This means more homes to
decorate!
Consumers today want
personalisation.
They are spoilt for choice, and are
fickle, so loyalty levels are low.
The TG is tech savvy.
This means that we need to
actively involve the consumer, and
we need to move fast!
Virtual Reality, and Augmented Reality
through Holograms are no more an
idea of the future. The future is now!
This means that there are pieces of
technology that by themselves may
be irrelevant, but put together may
create some magic!
CONSUMER TRENDS
SOCIETAL TRENDS
TECHNOLOGICAL
TRENDS
Reigning Trends
Category
Characteristics
Based on:
An interview with
an industry
specialist
Seasonal trend is from July to October
This period has 60% of the entire year’s sale
Season from Independence Day sale,
dhanteras and ends after Diwali
During this season, consumers get conscious about
how their home looks
Main categories: Soft furnishing and hard furnishing
Majority of sales: Hard Furniture – sofa sets, beds, etc
Bulk purchases are characteristic of this season
S p e a k i n g t o A n d I n t e r v i e w i n g H o m e O w n e r s
Digital Audit of HomeTown
In Depth research into VR/AR
The APAC region is the fastest-growing market because of the growing
consumer market in
countries such as China, Japan, South Korea, and others. 
The market is dominated by major players such as Google, Metaio, Oculus
VR, Samsung, -CyberGlove Systems and Microsoft among others.
The Global AR
Market
Is expected to reach
117.4BN
by 2022, at a CAGR of
75.72%
between 2016 to
2022 The Global VR Market
Is expected to reach
33.9BN
by 2022, at a CAGR of
57.84%
between 2016 to
2022
New want for their ‘own’ feel
in terms of colour, size
They want to touch and feel
only chairs, and sofas.
Beds are seen, but not touched, or sat on
as the mattresses are sold separately
Customers don’t listen to the
recommendations of the store
managers; Ulterior motive of
suggesting a brand
PRIMARY
RESEARCH
S T O R E S
Customers only want their own design
Unsold pieces
High warehouse costs, high
store rental costs
PRIMARY
RESEARCH
Make a home,
even if its rented
C O N S U M E R S
Experience
matters
Pe r so n al i se d
Friends and family play
large role
Word of mouth is
the strongest
influencer
Stores Complain:
Customers
go online to
shop
Consumers
Complain:
No nice
options
Time taken
at a store is
high
CONSUMER PAIN POINTS
What you see
is not what
you may get
Customers complain
they can’t see if two
purchases will match
each other
“I can’t see if it
will match my
home”
?
Connected Sociology, Technology, Anthropology,
Psychology
This helps in forming a holistic solution by accessing
multiple points in the consumers life .
Experience over Technology.
Customer experience was our prime
motivation. Everything else was just
a tool to achieve that.
IDEATION
25-45 YO, Upper middle class, with DINK, DIOK,
formats
Young married couples renting a flat and buying a few
things,
People buying a house,
People redoing/refurnishing their entire house.
Female led category
Females have better aesthetic opinion
and consider their home their identity
Starting point for newly married
couples
Consumer
Characteristics
Based on:
Primary Research
Consumer
Decision
Making
Journey
S e a s o n a l
a s p i r a t i o n s ,
Redoing home,
S h i f t i n g a n d
moving
TRIGGER
Future Group has
covered consumer
wants and needs in
this category, either
through acquisition,
or development
NEEDS
We have ensured that our
offerings trigger both store
visits and home visits; both
points of purchase in this
c a t e g o r y h a v e b e e n
touched
VISIT
Increased methods of evaluation
for better consumer experience.
Every point in our solution aids
product comparison, and aided-
comparison. SEO, SEM needs to
be good so we can be present at
every point the consumer is	
  	
  
EVALUATE
Store representatives will
enable and fuel purchase,
while increasing attach rate.
Further, ticket sizes are
maximised by offering a lager,
more relevant basket to
choose from
BUY
We have enabled sharing on every
device at our end, so it can reach
every device on their end. Complete
e n d - t o - e n d s h a r i n g f r o m
HomeTown to Consumer. This will
be further driven by marketing
activities, shaped and refined by a
communication idea
SHARE
SCENARIO PLANNING
N o M a p p i n g
VIRTUAL
CATALOGUE
at Store
VIRTUALLY
Customizable
at Store
Log of selection
& changes
with Store
Attendant
Virtual selection
Shareable with
Friends & Family
Easy to Use;
Satisfied
Consumer
. . .
1.
Video Link 1: h#ps://youtu.be/iMeBxiUnwC0
SCENARIO PLANNING
M a p p i n g2.
360 degree video
of Room/House
Mapping of
Room/House
VIRTUAL
CATALOGUE
at Store
Customizable to
fit into House
Layout
Log of selection &
changes
with Store Attendant
Virtual selection
Shareable with
Friends & Family
Easy to Use;
Satisfied
Consumer Video Link 2: h#ps://youtu.be/yHyTEPddjt8
As the number of items increase, or the complexity of the solution increases, or the ticket size
increases, so to must the sophistication of the solution, and the customer experience be
enhanced.
SCENARIO PLANNING
W e C o m e t o Y o u
Appointment &
then we come to
you!
Holographic
Furniture Fit
Data Stored
through Data
Capturing GlovesHolographic selection,
Virtually Shareable
with Friends & Family
Easy to Use;
Satisfied
Consumer
3.
Video Link 3: h#ps://youtu.be/-­‐q_MbOmNimA
Significant point of advantage: Salesmen can recommend more items on the basis of
items at home and the décor, and increase ticket size
By combining these pieces of technology, we will be able to redefine the category for
consumers, and give them something no one else has.
TECHNOLOGICAL PROTOTYPE
Microsoft Holo Lens
This will provide a
b a s e f o r t h e
holographic features
Oculus VR
T o p r o v i d e t h e V R
experience in store, and to
customers at their homes
Eye tracking, Face tracking & Data
Capturing Gloves
To capture any motion the consumer
makes, right down to subtle body
language readings.
THE
COST ASPECT
Off the shelf Cost
$350
Basic components required
to build and augmented
reality system:
Camera
Small projector
Smartphone
Mirror
Devices in Market with cost:
Google Holo Lens- $3000
Oculus Rift price: $599
Meta- $667-$3650
Laster SeeThru:
$399
Online shop in virtual or augmented reality:
$15 000 – $25 000;
Data Capturing Gloves:
$750; (VMG 30)Trends and Technology alone doesn't
make sense. It is only when things are
put together that they become usable
and give value
Technology possible, but not yet
being done large scale
Market will boom
Technology possible, but not
yet being done large scale
Ecosystem being
created slowly
First-mover advantage
Highly engaging
Easy to set differentiation
Brand strategy, communication
strategy possible
Breaks clutter of the market
Simple to use technology,
and easy to train staff
Lowers warehousing costs
Lowers store rent cost
Decreases unsold pieces &
increases inventory turnover
What is
DIFFERENT
about this
idea?
Why could
these ideas
NOT work?
Not for those who
seek quick cash
Will require long
term planning to
execute
Recovery cycle for
investments may
be long
Requires mettle
and grit to enter
into
SCALABILITY
The B2B Market
From the perspective of a B2B extension, this model is extremely sound.
Hotels:
If hotels can give us a mapped area of a room, we can provide solutions to them. Since
they have fixed room architecture, this will be easy to execute
Styles, colours, themes, models can be quickly seen, approved and purchased.
fin.	
  
fin

More Related Content

Similar to HomeTown Reinvents Home Furnishing Experience with VR/AR

Digital marketing essentials for 2021
Digital marketing essentials for 2021Digital marketing essentials for 2021
Digital marketing essentials for 2021Ioana Barbu
 
Cannes 2015: Y&R Labstore's Retail Takeaways
Cannes 2015: Y&R Labstore's Retail TakeawaysCannes 2015: Y&R Labstore's Retail Takeaways
Cannes 2015: Y&R Labstore's Retail TakeawaysYoung & Rubicam
 
How Virtual Reality impacts Shopping Habits?
How Virtual Reality impacts Shopping Habits?How Virtual Reality impacts Shopping Habits?
How Virtual Reality impacts Shopping Habits?Valtech Canada
 
Marketing in a Digital World
Marketing in a Digital WorldMarketing in a Digital World
Marketing in a Digital WorldOgilvy
 
An Enlightened B2B Vision – The Five Pillars Of Omnichannel Nirvana
An Enlightened B2B Vision – The Five Pillars Of Omnichannel NirvanaAn Enlightened B2B Vision – The Five Pillars Of Omnichannel Nirvana
An Enlightened B2B Vision – The Five Pillars Of Omnichannel NirvanaEliot Sykes
 
Marketing in the Digital Age 2022 SUMMARY Slides
Marketing in the Digital Age 2022 SUMMARY SlidesMarketing in the Digital Age 2022 SUMMARY Slides
Marketing in the Digital Age 2022 SUMMARY SlidesAlbet Buddahim, CPM
 
E-Commerce in Post-Apocalyptic World : After COVID19
E-Commerce in Post-Apocalyptic World : After COVID19E-Commerce in Post-Apocalyptic World : After COVID19
E-Commerce in Post-Apocalyptic World : After COVID19Oguz Bayram
 
Shopping Reinvented: Next-Generation Big Ticket Retail
Shopping Reinvented: Next-Generation Big Ticket RetailShopping Reinvented: Next-Generation Big Ticket Retail
Shopping Reinvented: Next-Generation Big Ticket Retaildavethewavesd
 
Osudio Presentation marketing momentum Victor Terpstra
Osudio Presentation marketing momentum Victor TerpstraOsudio Presentation marketing momentum Victor Terpstra
Osudio Presentation marketing momentum Victor TerpstraFaces of Content
 
The growth of eCommerce: does it impact brand strategy?
The growth of eCommerce: does it impact  brand strategy?The growth of eCommerce: does it impact  brand strategy?
The growth of eCommerce: does it impact brand strategy?Nurun
 
Future of Retail and Consumer by Matt Holt, OgilvyOne
Future of Retail and Consumer by Matt Holt, OgilvyOneFuture of Retail and Consumer by Matt Holt, OgilvyOne
Future of Retail and Consumer by Matt Holt, OgilvyOneOgilvy Consulting
 
Don't Ask Your Agency For A Viral Video - Wunderman Singapore
Don't Ask Your Agency For A Viral Video - Wunderman SingaporeDon't Ask Your Agency For A Viral Video - Wunderman Singapore
Don't Ask Your Agency For A Viral Video - Wunderman SingaporeWunderman Asia-Pacific
 
Social media essentials for 2021
Social media essentials for 2021Social media essentials for 2021
Social media essentials for 2021Ioana Barbu
 
[Criteo] Gen z report - based on the Shopper Story
[Criteo] Gen z report - based on the Shopper Story[Criteo] Gen z report - based on the Shopper Story
[Criteo] Gen z report - based on the Shopper StoryDuy, Vo Hoang
 
ConnectBrix Marketing Transformation Roadmap
ConnectBrix Marketing Transformation RoadmapConnectBrix Marketing Transformation Roadmap
ConnectBrix Marketing Transformation RoadmapEddy Lim
 
EIS EU Sponsor Presentation - Selligent
EIS EU Sponsor Presentation - Selligent EIS EU Sponsor Presentation - Selligent
EIS EU Sponsor Presentation - Selligent MediaPost
 
Augmented Reality Books
Augmented Reality Books Augmented Reality Books
Augmented Reality Books Kinyetta Nance
 

Similar to HomeTown Reinvents Home Furnishing Experience with VR/AR (20)

Digital marketing essentials for 2021
Digital marketing essentials for 2021Digital marketing essentials for 2021
Digital marketing essentials for 2021
 
Cannes 2015: Y&R Labstore's Retail Takeaways
Cannes 2015: Y&R Labstore's Retail TakeawaysCannes 2015: Y&R Labstore's Retail Takeaways
Cannes 2015: Y&R Labstore's Retail Takeaways
 
How Virtual Reality impacts Shopping Habits?
How Virtual Reality impacts Shopping Habits?How Virtual Reality impacts Shopping Habits?
How Virtual Reality impacts Shopping Habits?
 
360degreevideos
360degreevideos360degreevideos
360degreevideos
 
Marketing in a Digital World
Marketing in a Digital WorldMarketing in a Digital World
Marketing in a Digital World
 
An Enlightened B2B Vision – The Five Pillars Of Omnichannel Nirvana
An Enlightened B2B Vision – The Five Pillars Of Omnichannel NirvanaAn Enlightened B2B Vision – The Five Pillars Of Omnichannel Nirvana
An Enlightened B2B Vision – The Five Pillars Of Omnichannel Nirvana
 
Marketing in the Digital Age 2022 SUMMARY Slides
Marketing in the Digital Age 2022 SUMMARY SlidesMarketing in the Digital Age 2022 SUMMARY Slides
Marketing in the Digital Age 2022 SUMMARY Slides
 
E-Commerce in Post-Apocalyptic World : After COVID19
E-Commerce in Post-Apocalyptic World : After COVID19E-Commerce in Post-Apocalyptic World : After COVID19
E-Commerce in Post-Apocalyptic World : After COVID19
 
Shopping Reinvented: Next-Generation Big Ticket Retail
Shopping Reinvented: Next-Generation Big Ticket RetailShopping Reinvented: Next-Generation Big Ticket Retail
Shopping Reinvented: Next-Generation Big Ticket Retail
 
Osudio Presentation marketing momentum Victor Terpstra
Osudio Presentation marketing momentum Victor TerpstraOsudio Presentation marketing momentum Victor Terpstra
Osudio Presentation marketing momentum Victor Terpstra
 
The growth of eCommerce: does it impact brand strategy?
The growth of eCommerce: does it impact  brand strategy?The growth of eCommerce: does it impact  brand strategy?
The growth of eCommerce: does it impact brand strategy?
 
Future of Retail and Consumer by Matt Holt, OgilvyOne
Future of Retail and Consumer by Matt Holt, OgilvyOneFuture of Retail and Consumer by Matt Holt, OgilvyOne
Future of Retail and Consumer by Matt Holt, OgilvyOne
 
Don't Ask Your Agency For A Viral Video - Wunderman Singapore
Don't Ask Your Agency For A Viral Video - Wunderman SingaporeDon't Ask Your Agency For A Viral Video - Wunderman Singapore
Don't Ask Your Agency For A Viral Video - Wunderman Singapore
 
Social media essentials for 2021
Social media essentials for 2021Social media essentials for 2021
Social media essentials for 2021
 
Digital As Of 2020 And COVID-19
Digital As Of 2020 And COVID-19Digital As Of 2020 And COVID-19
Digital As Of 2020 And COVID-19
 
Gen Z Report
Gen Z ReportGen Z Report
Gen Z Report
 
[Criteo] Gen z report - based on the Shopper Story
[Criteo] Gen z report - based on the Shopper Story[Criteo] Gen z report - based on the Shopper Story
[Criteo] Gen z report - based on the Shopper Story
 
ConnectBrix Marketing Transformation Roadmap
ConnectBrix Marketing Transformation RoadmapConnectBrix Marketing Transformation Roadmap
ConnectBrix Marketing Transformation Roadmap
 
EIS EU Sponsor Presentation - Selligent
EIS EU Sponsor Presentation - Selligent EIS EU Sponsor Presentation - Selligent
EIS EU Sponsor Presentation - Selligent
 
Augmented Reality Books
Augmented Reality Books Augmented Reality Books
Augmented Reality Books
 

Recently uploaded

Social Samosa Guidebook for SAMMIES 2024.pdf
Social Samosa Guidebook for SAMMIES 2024.pdfSocial Samosa Guidebook for SAMMIES 2024.pdf
Social Samosa Guidebook for SAMMIES 2024.pdfSocial Samosa
 
DIGITAL MARKETING COURSE IN BTM -Influencer Marketing Strategy
DIGITAL MARKETING COURSE IN BTM -Influencer Marketing StrategyDIGITAL MARKETING COURSE IN BTM -Influencer Marketing Strategy
DIGITAL MARKETING COURSE IN BTM -Influencer Marketing StrategySouvikRay24
 
Storyboards for my Final Major Project Video
Storyboards for my Final Major Project VideoStoryboards for my Final Major Project Video
Storyboards for my Final Major Project VideoSineadBidwell
 
Avoid the 2025 web accessibility rush: do not fear WCAG compliance
Avoid the 2025 web accessibility rush: do not fear WCAG complianceAvoid the 2025 web accessibility rush: do not fear WCAG compliance
Avoid the 2025 web accessibility rush: do not fear WCAG complianceDamien ROBERT
 
How To Utilize Calculated Properties in your HubSpot Setup
How To Utilize Calculated Properties in your HubSpot SetupHow To Utilize Calculated Properties in your HubSpot Setup
How To Utilize Calculated Properties in your HubSpot Setupssuser4571da
 
Best Persuasive selling skills presentation.pptx
Best Persuasive selling skills  presentation.pptxBest Persuasive selling skills  presentation.pptx
Best Persuasive selling skills presentation.pptxMasterPhil1
 
marketing strategy of tanishq word PPROJECT.pdf
marketing strategy of tanishq word PPROJECT.pdfmarketing strategy of tanishq word PPROJECT.pdf
marketing strategy of tanishq word PPROJECT.pdfarsathsahil
 
The Skin Games 2024 25 - Sponsorship Deck
The Skin Games 2024 25 - Sponsorship DeckThe Skin Games 2024 25 - Sponsorship Deck
The Skin Games 2024 25 - Sponsorship DeckToluwanimi Balogun
 
BrightonSEO - Addressing SEO & CX - CMDL - Apr 24 .pptx
BrightonSEO -  Addressing SEO & CX - CMDL - Apr 24 .pptxBrightonSEO -  Addressing SEO & CX - CMDL - Apr 24 .pptx
BrightonSEO - Addressing SEO & CX - CMDL - Apr 24 .pptxcollette15
 
Influencer Marketing Power point presentation
Influencer Marketing  Power point presentationInfluencer Marketing  Power point presentation
Influencer Marketing Power point presentationdgtivemarketingagenc
 
VIP Call Girls In Green Park 9654467111 Escorts Service
VIP Call Girls In Green Park 9654467111 Escorts ServiceVIP Call Girls In Green Park 9654467111 Escorts Service
VIP Call Girls In Green Park 9654467111 Escorts ServiceSapana Sha
 
Local SEO Domination: Put your business at the forefront of local searches!
Local SEO Domination:  Put your business at the forefront of local searches!Local SEO Domination:  Put your business at the forefront of local searches!
Local SEO Domination: Put your business at the forefront of local searches!dstvtechnician
 
McDonald's: A Journey Through Time (PPT)
McDonald's: A Journey Through Time (PPT)McDonald's: A Journey Through Time (PPT)
McDonald's: A Journey Through Time (PPT)DEVARAJV16
 
TAM AdEx 2023 Cross Media Advertising Recap - Auto Sector
TAM AdEx 2023 Cross Media Advertising Recap - Auto SectorTAM AdEx 2023 Cross Media Advertising Recap - Auto Sector
TAM AdEx 2023 Cross Media Advertising Recap - Auto SectorSocial Samosa
 
定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一
定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一
定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一s SS
 
Forecast of Content Marketing through AI
Forecast of Content Marketing through AIForecast of Content Marketing through AI
Forecast of Content Marketing through AIRinky
 
What are the 4 characteristics of CTAs that convert?
What are the 4 characteristics of CTAs that convert?What are the 4 characteristics of CTAs that convert?
What are the 4 characteristics of CTAs that convert?Juan Pineda
 
GreenSEO April 2024: Join the Green Web Revolution
GreenSEO April 2024: Join the Green Web RevolutionGreenSEO April 2024: Join the Green Web Revolution
GreenSEO April 2024: Join the Green Web RevolutionWilliam Barnes
 
Cost-effective tactics for navigating CPC surges
Cost-effective tactics for navigating CPC surgesCost-effective tactics for navigating CPC surges
Cost-effective tactics for navigating CPC surgesPushON Ltd
 
The Impact of Digital Technologies
The Impact of Digital Technologies The Impact of Digital Technologies
The Impact of Digital Technologies bruguardarib
 

Recently uploaded (20)

Social Samosa Guidebook for SAMMIES 2024.pdf
Social Samosa Guidebook for SAMMIES 2024.pdfSocial Samosa Guidebook for SAMMIES 2024.pdf
Social Samosa Guidebook for SAMMIES 2024.pdf
 
DIGITAL MARKETING COURSE IN BTM -Influencer Marketing Strategy
DIGITAL MARKETING COURSE IN BTM -Influencer Marketing StrategyDIGITAL MARKETING COURSE IN BTM -Influencer Marketing Strategy
DIGITAL MARKETING COURSE IN BTM -Influencer Marketing Strategy
 
Storyboards for my Final Major Project Video
Storyboards for my Final Major Project VideoStoryboards for my Final Major Project Video
Storyboards for my Final Major Project Video
 
Avoid the 2025 web accessibility rush: do not fear WCAG compliance
Avoid the 2025 web accessibility rush: do not fear WCAG complianceAvoid the 2025 web accessibility rush: do not fear WCAG compliance
Avoid the 2025 web accessibility rush: do not fear WCAG compliance
 
How To Utilize Calculated Properties in your HubSpot Setup
How To Utilize Calculated Properties in your HubSpot SetupHow To Utilize Calculated Properties in your HubSpot Setup
How To Utilize Calculated Properties in your HubSpot Setup
 
Best Persuasive selling skills presentation.pptx
Best Persuasive selling skills  presentation.pptxBest Persuasive selling skills  presentation.pptx
Best Persuasive selling skills presentation.pptx
 
marketing strategy of tanishq word PPROJECT.pdf
marketing strategy of tanishq word PPROJECT.pdfmarketing strategy of tanishq word PPROJECT.pdf
marketing strategy of tanishq word PPROJECT.pdf
 
The Skin Games 2024 25 - Sponsorship Deck
The Skin Games 2024 25 - Sponsorship DeckThe Skin Games 2024 25 - Sponsorship Deck
The Skin Games 2024 25 - Sponsorship Deck
 
BrightonSEO - Addressing SEO & CX - CMDL - Apr 24 .pptx
BrightonSEO -  Addressing SEO & CX - CMDL - Apr 24 .pptxBrightonSEO -  Addressing SEO & CX - CMDL - Apr 24 .pptx
BrightonSEO - Addressing SEO & CX - CMDL - Apr 24 .pptx
 
Influencer Marketing Power point presentation
Influencer Marketing  Power point presentationInfluencer Marketing  Power point presentation
Influencer Marketing Power point presentation
 
VIP Call Girls In Green Park 9654467111 Escorts Service
VIP Call Girls In Green Park 9654467111 Escorts ServiceVIP Call Girls In Green Park 9654467111 Escorts Service
VIP Call Girls In Green Park 9654467111 Escorts Service
 
Local SEO Domination: Put your business at the forefront of local searches!
Local SEO Domination:  Put your business at the forefront of local searches!Local SEO Domination:  Put your business at the forefront of local searches!
Local SEO Domination: Put your business at the forefront of local searches!
 
McDonald's: A Journey Through Time (PPT)
McDonald's: A Journey Through Time (PPT)McDonald's: A Journey Through Time (PPT)
McDonald's: A Journey Through Time (PPT)
 
TAM AdEx 2023 Cross Media Advertising Recap - Auto Sector
TAM AdEx 2023 Cross Media Advertising Recap - Auto SectorTAM AdEx 2023 Cross Media Advertising Recap - Auto Sector
TAM AdEx 2023 Cross Media Advertising Recap - Auto Sector
 
定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一
定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一
定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一
 
Forecast of Content Marketing through AI
Forecast of Content Marketing through AIForecast of Content Marketing through AI
Forecast of Content Marketing through AI
 
What are the 4 characteristics of CTAs that convert?
What are the 4 characteristics of CTAs that convert?What are the 4 characteristics of CTAs that convert?
What are the 4 characteristics of CTAs that convert?
 
GreenSEO April 2024: Join the Green Web Revolution
GreenSEO April 2024: Join the Green Web RevolutionGreenSEO April 2024: Join the Green Web Revolution
GreenSEO April 2024: Join the Green Web Revolution
 
Cost-effective tactics for navigating CPC surges
Cost-effective tactics for navigating CPC surgesCost-effective tactics for navigating CPC surges
Cost-effective tactics for navigating CPC surges
 
The Impact of Digital Technologies
The Impact of Digital Technologies The Impact of Digital Technologies
The Impact of Digital Technologies
 

HomeTown Reinvents Home Furnishing Experience with VR/AR

  • 1.
  • 2. However, HomeTown also exists in an age which sees 2 additional dimensions: •  Desire to make your own home, with things as personalised as possible •  Retail is out, e-tail is in. Hometown Wants To Sell More Than Just Furniture. It Wants To Give You A Complete Home Solution. So, the question posed is, In a time where everyone and everything is online, how does HomeTown redefine a saturated category? We need to attract consumers, provide them relevant value, while still keeping an eye on the bottom line. Exploring Opportunities
  • 3. Shift from collectivistic to individualistic society This means that individuals are going to leave behind the notion of joint families, and set up their nest earlier, and on their own. This means more homes to decorate! Consumers today want personalisation. They are spoilt for choice, and are fickle, so loyalty levels are low. The TG is tech savvy. This means that we need to actively involve the consumer, and we need to move fast! Virtual Reality, and Augmented Reality through Holograms are no more an idea of the future. The future is now! This means that there are pieces of technology that by themselves may be irrelevant, but put together may create some magic! CONSUMER TRENDS SOCIETAL TRENDS TECHNOLOGICAL TRENDS Reigning Trends
  • 4. Category Characteristics Based on: An interview with an industry specialist Seasonal trend is from July to October This period has 60% of the entire year’s sale Season from Independence Day sale, dhanteras and ends after Diwali During this season, consumers get conscious about how their home looks Main categories: Soft furnishing and hard furnishing Majority of sales: Hard Furniture – sofa sets, beds, etc Bulk purchases are characteristic of this season
  • 5. S p e a k i n g t o A n d I n t e r v i e w i n g H o m e O w n e r s Digital Audit of HomeTown In Depth research into VR/AR The APAC region is the fastest-growing market because of the growing consumer market in countries such as China, Japan, South Korea, and others.  The market is dominated by major players such as Google, Metaio, Oculus VR, Samsung, -CyberGlove Systems and Microsoft among others. The Global AR Market Is expected to reach 117.4BN by 2022, at a CAGR of 75.72% between 2016 to 2022 The Global VR Market Is expected to reach 33.9BN by 2022, at a CAGR of 57.84% between 2016 to 2022
  • 6. New want for their ‘own’ feel in terms of colour, size They want to touch and feel only chairs, and sofas. Beds are seen, but not touched, or sat on as the mattresses are sold separately Customers don’t listen to the recommendations of the store managers; Ulterior motive of suggesting a brand PRIMARY RESEARCH S T O R E S Customers only want their own design Unsold pieces High warehouse costs, high store rental costs
  • 7. PRIMARY RESEARCH Make a home, even if its rented C O N S U M E R S Experience matters Pe r so n al i se d Friends and family play large role Word of mouth is the strongest influencer
  • 8. Stores Complain: Customers go online to shop Consumers Complain: No nice options Time taken at a store is high CONSUMER PAIN POINTS What you see is not what you may get Customers complain they can’t see if two purchases will match each other “I can’t see if it will match my home” ?
  • 9. Connected Sociology, Technology, Anthropology, Psychology This helps in forming a holistic solution by accessing multiple points in the consumers life . Experience over Technology. Customer experience was our prime motivation. Everything else was just a tool to achieve that. IDEATION
  • 10. 25-45 YO, Upper middle class, with DINK, DIOK, formats Young married couples renting a flat and buying a few things, People buying a house, People redoing/refurnishing their entire house. Female led category Females have better aesthetic opinion and consider their home their identity Starting point for newly married couples Consumer Characteristics Based on: Primary Research
  • 11. Consumer Decision Making Journey S e a s o n a l a s p i r a t i o n s , Redoing home, S h i f t i n g a n d moving TRIGGER Future Group has covered consumer wants and needs in this category, either through acquisition, or development NEEDS We have ensured that our offerings trigger both store visits and home visits; both points of purchase in this c a t e g o r y h a v e b e e n touched VISIT Increased methods of evaluation for better consumer experience. Every point in our solution aids product comparison, and aided- comparison. SEO, SEM needs to be good so we can be present at every point the consumer is     EVALUATE Store representatives will enable and fuel purchase, while increasing attach rate. Further, ticket sizes are maximised by offering a lager, more relevant basket to choose from BUY We have enabled sharing on every device at our end, so it can reach every device on their end. Complete e n d - t o - e n d s h a r i n g f r o m HomeTown to Consumer. This will be further driven by marketing activities, shaped and refined by a communication idea SHARE
  • 12. SCENARIO PLANNING N o M a p p i n g VIRTUAL CATALOGUE at Store VIRTUALLY Customizable at Store Log of selection & changes with Store Attendant Virtual selection Shareable with Friends & Family Easy to Use; Satisfied Consumer . . . 1. Video Link 1: h#ps://youtu.be/iMeBxiUnwC0
  • 13. SCENARIO PLANNING M a p p i n g2. 360 degree video of Room/House Mapping of Room/House VIRTUAL CATALOGUE at Store Customizable to fit into House Layout Log of selection & changes with Store Attendant Virtual selection Shareable with Friends & Family Easy to Use; Satisfied Consumer Video Link 2: h#ps://youtu.be/yHyTEPddjt8 As the number of items increase, or the complexity of the solution increases, or the ticket size increases, so to must the sophistication of the solution, and the customer experience be enhanced.
  • 14. SCENARIO PLANNING W e C o m e t o Y o u Appointment & then we come to you! Holographic Furniture Fit Data Stored through Data Capturing GlovesHolographic selection, Virtually Shareable with Friends & Family Easy to Use; Satisfied Consumer 3. Video Link 3: h#ps://youtu.be/-­‐q_MbOmNimA Significant point of advantage: Salesmen can recommend more items on the basis of items at home and the décor, and increase ticket size
  • 15. By combining these pieces of technology, we will be able to redefine the category for consumers, and give them something no one else has. TECHNOLOGICAL PROTOTYPE Microsoft Holo Lens This will provide a b a s e f o r t h e holographic features Oculus VR T o p r o v i d e t h e V R experience in store, and to customers at their homes Eye tracking, Face tracking & Data Capturing Gloves To capture any motion the consumer makes, right down to subtle body language readings.
  • 16. THE COST ASPECT Off the shelf Cost $350 Basic components required to build and augmented reality system: Camera Small projector Smartphone Mirror Devices in Market with cost: Google Holo Lens- $3000 Oculus Rift price: $599 Meta- $667-$3650 Laster SeeThru: $399 Online shop in virtual or augmented reality: $15 000 – $25 000; Data Capturing Gloves: $750; (VMG 30)Trends and Technology alone doesn't make sense. It is only when things are put together that they become usable and give value
  • 17. Technology possible, but not yet being done large scale Market will boom Technology possible, but not yet being done large scale Ecosystem being created slowly First-mover advantage Highly engaging Easy to set differentiation Brand strategy, communication strategy possible Breaks clutter of the market Simple to use technology, and easy to train staff Lowers warehousing costs Lowers store rent cost Decreases unsold pieces & increases inventory turnover What is DIFFERENT about this idea?
  • 18. Why could these ideas NOT work? Not for those who seek quick cash Will require long term planning to execute Recovery cycle for investments may be long Requires mettle and grit to enter into
  • 19. SCALABILITY The B2B Market From the perspective of a B2B extension, this model is extremely sound. Hotels: If hotels can give us a mapped area of a room, we can provide solutions to them. Since they have fixed room architecture, this will be easy to execute Styles, colours, themes, models can be quickly seen, approved and purchased.