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STRATEGIC PROPOSAL
TABLE OF CONTENTS
1. Who are we?
2. What is Sockaholic?
3. Our Framework
3.1 Our Goals
4. Research
4.1 Primary Research
4.2 Secondary Research
5. The Consumer Insight
6. The Big Idea
7. Action Plan
8. Measurements and evaluation
WHO ARE WE?
Juanpe
21 years old
Seville, Spain
Advertising and
Publicity
Amanda
20 years old
Seville, Spain
Advertising and
Publicity
Jelle
21 years old
Utrecht, The
Netherlands
International
Communication
About Sockaholic
Sockaholic was founded on October 2011 by a group of
friends. They saw an opportunity when they realized that
colorful, original and fun socks weren’t really an option in
the market.
The name is the combination of the words “socks” and
“aholic”.
FRAMEWORK
“It is a rough road that leads to the heights of
greatness”
Lucius Annaeus Seneca
OUR FRAMEWORK
1.
Goals
2.
Research
3.
Strategic
Platform
4.
Action
Plan
5.
Measurement
and
Evaluation
GOALS
“First, have a clear ideal; a goal, an objective.
Second, have the necessary means to achieve your
ends. Third, adjust all your means to that end.” -
Aristotle
GOALS
SalesAwareness Loyalty Positioning
Goals
Awareness
Goals
Goals
Loyalty
GOALS
Positioning
KEY FINDINGS
Our implemented research and Key
Findings
4C’s MODEL
Competitors
Company Consumer
Culture
Key
Findings
KEY FINDINGS: CULTURE
Fashion has evolved greatly because our culture and our way of thinking have
also evolved (so men and women express themselves in a more natural way).
The environment will shape the perception, habits, behavior and expectations
of the consumer.
Cultural factors will influence, consciously or unconsciously, the consumer
behaviour and shopping habits.
Social media (especially Pinterest, Instagram and Tumblr) are having a bigger
influence on the individual.
KEY FINDINGS: CULTURE
Advertising creates a world based on ideas and desires.
KEY FINDINGS: CULTURE
E-commerce is very used nowadays because it saves time, but it is
also a way of becoming inspired.
KEY FINDINGS:
COMPETITORS
Sockaholic’s competitors use broader distribution methods, for example
retail-stores, concept-stores, and online-stores, instead of just
online-stores (at this moment)
Differences in advertising between Sockaholic and competitors
(competitors are actively advertising, and also using ‘cookies’)
KEY FINDINGS: COMPANY
After investigating, we discovered that the business of sockaholic is not
properly seated in foreign countries.
The world is very large and there are plenty of potential markets. A good
strategy would be to make the most out of every opportunity
KEY FINDINGS: COMPANY
Sockaholic business model trusts excessively in the transmission of
information from client to client.
Sockaholic doesn’t use social networks as much as they could, so they have
a very limited impact that does not guarantee by no means the continuity
of the business.
KEY FINDINGS: CONSUMER
We have noticed that the target audience of sockaholic is very
specific, due to the particularity of their products.
In the future we should think in expand into new styles.
CORE TARGET
David is 28 years old. He is an interior designer
that lives in a renovated neighbourhood in
Barcelona. He comes from a prosperous family
and studied at the University of Barcelona.
David is homosexual, very vain and interested
in all sorts of garment related projects and has
a diversified style of dressing. David is active
on Pinterest and Instagram, posting a lot of
fashion related posts, and has a worth
mentioning amount of followers.
Primary Research
“Don’t waste your time with explanations, people
only hear what they want to hear”
Paulo Coelho
PRIMARY RESEARCH
Alvaro, 28:
-“Quality is important”
-“Prefers to buy clothing in stores, and is willing to
spend more on better quality”
Nicklas, 29:
-“Prefers to ensure himself of buying the proper fabric
by buying it in stores.”
Prasta, 27:
-”Values wearing quality underwear, and prefers to buy
in stores”
PRIMARY RESEARCH
Jesús, Sales Clerk
-“Garments need to be perceived before buying it, in physical stores”
-”Design, outstanding underwear complements someone’s personality”
-”Customers are willing to pay more for better quality, provided that the
quality is perceived.”
CONCLUSIONS
“Life is the art of drawing sufficient conclusions from
insufficient premises” - Samuel Butler
Conclusion 1:
Physical stores over
on-line stores
Conclusions
Conclusion 2:
Will spend more
money in order to
gain more quality
Conclusions
Conclusion 3:
They seek
inspiration in
everyday streetwear
Conclusions
CONSUMER INSIGHT
“A brand is no longer what we tell the consumer it
is. It’s what the consumers tell each other it is”
Scott Cook
CONSUMER INSIGHT
“I am very expressive. Clothing makes me feel like myself, and
it makes me be comfortable in my own body. My underwear is
my most intimate clothing, it is the foundation of my everyday
wear. It shows and projects who I am and how I am feeling:
rebellious, creative, confident, sexy, independent.
THE CONSUMER JOURNEY
- Refreshing design
- Great quality
- Outstanding design
These
socks are
super
cool!
I need this
product!
I am going
to buy
them!
- People value my
opinion
- This recommendation
will be valued
- Easy to buy online
- Good shipping and
trustful terms of
conditions
- Customer-friendly
website
- This product will make the
difference
- This product is the finishing
touch to my personality
- The product will not
be noticed
- Underwear is not that
important
- Products are not in
physical shop
- Before buying I need to
feel the fabrics
- More expensive than
‘regular’ socks
- Too much effort to
recommend
- I don’t want to be the
person to share his
opinion
- People don’t care about
my opinion
- Other garments are
more worth the
money/effort
I will
definitely
recommend
this product
COMMUNICATIONS
BLUEPRINT
I will definitely
recommend this
product
I need this
product!
I am going to
buy them!
Easy to buy online
Good shipping and
trustful terms of
conditions
Customer-friendly
website
Too much effort
I don’t want to be the
person to share his
opinion
People don’t care about
my opinion
People value my
opinion
My recommendation
will be valued
This product will make
the difference
This product is the
finishing touch to my
personality
Products are not in
physical shop
Before buying I need to
feel the fabrics
More expensive than
‘regular’ socks
Differentiation
Other garments are
more worth the
money/effort
Desire
Endorse
Refreshing design
Great quality
Outstanding design
The product will not be
noticed
Underwear is not that
important
I rather spent my money
one more noticable things
Awareness
These socks
are super cool!
- SEO
- Advertising
- MK
Campaigns
- Promotions
- Social
media
contests
- Prizes
- Advertise with
stressing the
importance of
designed
underwear
- Interact SM
Desired
Response Drivers
Possible
actions
Roles for
commBarriers
THE “BIG IDEA”
“Everything begins with an idea”
Earl Nightingale
CULTURAL
TENSION
THE BRAND'S
BEST SELF
THE “BIG IDEAL”
THE
“BIG
IDEAL”
CULTURAL
TENSION
THE BRAND'S
BEST SELF
THE “BIG IDEAL”
THE
“BIG
IDEAL”
People should
fit in a box
Sockaholic celebrates
the uniqueness of
each person
THE “BIG IDEAL”
“Sockaholic makes you feel attractive”
“Sockaholic takes out the rebel inside you”
“There is a revolution and happiness in the smaller things”
“Sockaholic will help you make small, rebellious changes”
“Sockaholic helps you to rebel in small aspects”
What is our Big Ideal?
BIG IDEAL
Sockaholic thinks
that the world
would be a better
place if people
lived fearlessly
“THE SMALL REBELLIOUS
THINGS, A BIG INFLUENCE”
THANKS!
Any questions?

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Strategic Planning Sockaholic - Amanda Moll

  • 2. TABLE OF CONTENTS 1. Who are we? 2. What is Sockaholic? 3. Our Framework 3.1 Our Goals 4. Research 4.1 Primary Research 4.2 Secondary Research 5. The Consumer Insight 6. The Big Idea 7. Action Plan 8. Measurements and evaluation
  • 3.
  • 4. WHO ARE WE? Juanpe 21 years old Seville, Spain Advertising and Publicity Amanda 20 years old Seville, Spain Advertising and Publicity Jelle 21 years old Utrecht, The Netherlands International Communication
  • 5.
  • 6. About Sockaholic Sockaholic was founded on October 2011 by a group of friends. They saw an opportunity when they realized that colorful, original and fun socks weren’t really an option in the market. The name is the combination of the words “socks” and “aholic”.
  • 7. FRAMEWORK “It is a rough road that leads to the heights of greatness” Lucius Annaeus Seneca
  • 9. GOALS “First, have a clear ideal; a goal, an objective. Second, have the necessary means to achieve your ends. Third, adjust all your means to that end.” - Aristotle
  • 12. Goals
  • 15. KEY FINDINGS Our implemented research and Key Findings
  • 17. KEY FINDINGS: CULTURE Fashion has evolved greatly because our culture and our way of thinking have also evolved (so men and women express themselves in a more natural way). The environment will shape the perception, habits, behavior and expectations of the consumer.
  • 18. Cultural factors will influence, consciously or unconsciously, the consumer behaviour and shopping habits. Social media (especially Pinterest, Instagram and Tumblr) are having a bigger influence on the individual. KEY FINDINGS: CULTURE
  • 19. Advertising creates a world based on ideas and desires. KEY FINDINGS: CULTURE E-commerce is very used nowadays because it saves time, but it is also a way of becoming inspired.
  • 20. KEY FINDINGS: COMPETITORS Sockaholic’s competitors use broader distribution methods, for example retail-stores, concept-stores, and online-stores, instead of just online-stores (at this moment) Differences in advertising between Sockaholic and competitors (competitors are actively advertising, and also using ‘cookies’)
  • 21. KEY FINDINGS: COMPANY After investigating, we discovered that the business of sockaholic is not properly seated in foreign countries. The world is very large and there are plenty of potential markets. A good strategy would be to make the most out of every opportunity
  • 22. KEY FINDINGS: COMPANY Sockaholic business model trusts excessively in the transmission of information from client to client. Sockaholic doesn’t use social networks as much as they could, so they have a very limited impact that does not guarantee by no means the continuity of the business.
  • 23. KEY FINDINGS: CONSUMER We have noticed that the target audience of sockaholic is very specific, due to the particularity of their products. In the future we should think in expand into new styles.
  • 24. CORE TARGET David is 28 years old. He is an interior designer that lives in a renovated neighbourhood in Barcelona. He comes from a prosperous family and studied at the University of Barcelona. David is homosexual, very vain and interested in all sorts of garment related projects and has a diversified style of dressing. David is active on Pinterest and Instagram, posting a lot of fashion related posts, and has a worth mentioning amount of followers.
  • 25. Primary Research “Don’t waste your time with explanations, people only hear what they want to hear” Paulo Coelho
  • 26. PRIMARY RESEARCH Alvaro, 28: -“Quality is important” -“Prefers to buy clothing in stores, and is willing to spend more on better quality” Nicklas, 29: -“Prefers to ensure himself of buying the proper fabric by buying it in stores.” Prasta, 27: -”Values wearing quality underwear, and prefers to buy in stores”
  • 27. PRIMARY RESEARCH Jesús, Sales Clerk -“Garments need to be perceived before buying it, in physical stores” -”Design, outstanding underwear complements someone’s personality” -”Customers are willing to pay more for better quality, provided that the quality is perceived.”
  • 28. CONCLUSIONS “Life is the art of drawing sufficient conclusions from insufficient premises” - Samuel Butler
  • 29. Conclusion 1: Physical stores over on-line stores Conclusions
  • 30. Conclusion 2: Will spend more money in order to gain more quality Conclusions
  • 31. Conclusion 3: They seek inspiration in everyday streetwear Conclusions
  • 32. CONSUMER INSIGHT “A brand is no longer what we tell the consumer it is. It’s what the consumers tell each other it is” Scott Cook
  • 33. CONSUMER INSIGHT “I am very expressive. Clothing makes me feel like myself, and it makes me be comfortable in my own body. My underwear is my most intimate clothing, it is the foundation of my everyday wear. It shows and projects who I am and how I am feeling: rebellious, creative, confident, sexy, independent.
  • 34. THE CONSUMER JOURNEY - Refreshing design - Great quality - Outstanding design These socks are super cool! I need this product! I am going to buy them! - People value my opinion - This recommendation will be valued - Easy to buy online - Good shipping and trustful terms of conditions - Customer-friendly website - This product will make the difference - This product is the finishing touch to my personality - The product will not be noticed - Underwear is not that important - Products are not in physical shop - Before buying I need to feel the fabrics - More expensive than ‘regular’ socks - Too much effort to recommend - I don’t want to be the person to share his opinion - People don’t care about my opinion - Other garments are more worth the money/effort I will definitely recommend this product
  • 35. COMMUNICATIONS BLUEPRINT I will definitely recommend this product I need this product! I am going to buy them! Easy to buy online Good shipping and trustful terms of conditions Customer-friendly website Too much effort I don’t want to be the person to share his opinion People don’t care about my opinion People value my opinion My recommendation will be valued This product will make the difference This product is the finishing touch to my personality Products are not in physical shop Before buying I need to feel the fabrics More expensive than ‘regular’ socks Differentiation Other garments are more worth the money/effort Desire Endorse Refreshing design Great quality Outstanding design The product will not be noticed Underwear is not that important I rather spent my money one more noticable things Awareness These socks are super cool! - SEO - Advertising - MK Campaigns - Promotions - Social media contests - Prizes - Advertise with stressing the importance of designed underwear - Interact SM Desired Response Drivers Possible actions Roles for commBarriers
  • 36. THE “BIG IDEA” “Everything begins with an idea” Earl Nightingale
  • 37. CULTURAL TENSION THE BRAND'S BEST SELF THE “BIG IDEAL” THE “BIG IDEAL”
  • 38. CULTURAL TENSION THE BRAND'S BEST SELF THE “BIG IDEAL” THE “BIG IDEAL” People should fit in a box Sockaholic celebrates the uniqueness of each person
  • 39. THE “BIG IDEAL” “Sockaholic makes you feel attractive” “Sockaholic takes out the rebel inside you” “There is a revolution and happiness in the smaller things” “Sockaholic will help you make small, rebellious changes” “Sockaholic helps you to rebel in small aspects”
  • 40. What is our Big Ideal?
  • 41. BIG IDEAL Sockaholic thinks that the world would be a better place if people lived fearlessly
  • 42. “THE SMALL REBELLIOUS THINGS, A BIG INFLUENCE”