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Team Ramen
RedX: The Price of Exponential
Growth
Company Overview
Services Provided
• Last-mile truck service
• Monthly invoicing facility
• Shipment tracking
• FTL
• Loading/unloading facility
• In case of hazardous products, safe
shipment service with insurance
• Owned by ShopUp, a full stack B2B
commerce platform
• Distribution network of 64 districts
and 493 thanas
• Provides both B2B and B2C services
S
O T
W
• Infrastructurally and financially
backed up ShopUp
• Large distribution network
• Presence in both B2B & B2C
• Digital presence and process
automation as differentiator
• Growing need for streamlined
logistics operation
• Lack of awareness among
businesses as large-scale
logistic service provider
• Strong presence of established
players
• Low switching cost
Market Overview
No. of Registered Courier
Companies
Courier Service Industry
Market Size
No. of Courier Companies in
Bangladesh
480 70bn BDT 72
High Involvement Commodity Like
Customer
Expectations
New Entrants
Technology
Collaboration vs
Competition
Market Drivers
• Low cost personalized service
• Real time visibility
• Choice of delivery channels
• Streamlines process
• Superior customer service
• Streamlined supply chains
Market: Growth Potential
• No. of Key MAC cities expected to
triple from 2015 to 2025
• Middle and affluent population
growing at a 12% CAGR in Bangladesh
• Digital economy is shaping a new
Bangladesh
Competitor Matrix
Digital
Low market presence
Digital Players
Digital Leaders
Traditional Leaders
Traditional
High market presence
• Last post about RedX Cargo in LinkedIn
was 5 months ago and in Facebook was
in November
• 18 of the 21 posts about onboarding in
the last 11 months were about
ecommerce
• All onboarding posts in LinkedIn were
about SMEs
21
11
7
4
8
Onboardings & Partnerships Occassions & Announcements RedX PR & Advertisements
RedX Cargo Others
Customer Journey Mapping
Completion of
Production
Warehousing
Need for
Logistics
Assessing Own
Needs
Quotation &
Comparison
• Looking inside the industry
• Talking with 3rd Party Vendors
• Talking with Industry Professionals & Peers
• Traction from Traditional Channels
Customer Journey Mapping
Referrals &
Offerings
Service
Agreement
Consignment
Placement &
Tracking
Follow-up &
Contact
Analyze Return
& Continuation
• Testimonials
• Website
• Prior Experience
• Service Reps & KAM
• Other Traditional Media
Issue 1:
B2C centric brand presence
Issue 2:
Gaps in communication and
building connections
Issue 3:
Lack of reference points
Problem Identification
Core Issue
Lack of a properly targeted large
enterprise communication strategy
Target Market
Logistical
Requirements
Firmographics Technographics
Large Enterprises with Multi-
Regional Network
• Enterprises with high volume of
sales and production
• Having outlets or warehouses in
different regions of the country
First Mile to Last Mile
• First Mile: Factory to Mother
Warehouse
• Mid Mile: Mother Warehouse to
Outlet/Distribution Center
• Last Mile: Outlet to Households
Technologically Progressive
• Willing to or have prior
experience of using digital
platforms for supply chain
management
• Easier to reach and onboard and
upsell features.
Primary Focus
Large Enterprises with high volume of sales/production
and multi-regional network requiring logistical solution
from the first mile to last mile
Secondary Focus
Large Enterprises that are technological progressive and
have multi-regional network
Broad Target Group
Large Enterprises
Target Market
To Rebrand or Not?
Current RedX
Positioning
Our Proposed
RedX Cargo
Positioning
Positioning if
New Brand
Low Focus High Focus
Low
Trust
High
Trust
RedX Cargo
• Promote to enterprises as RedX Cargo
• Provide visibility to RedX Cargo as a
separate service
RedX Cargo
• Helps reposition brand as a company
that not only provides last mile delivery
but exists at all mile capacities
• Aligns with focus group as the tagline
suggests utility for all segments of the
journey
• Creation of social media pages with the
name 'RedX Cargo' to avoid
communication and brand dilution
• Promotion of repositioned
communication across socials
• Promotion of enhanced communication
through magazines
The Big Idea?
Curating Touchpoints,
Building Experience.
Action Plan
Attract
Trade Shows
• Partner up with trade shows to provide
booth or stall
• Increases visibility and generates
interest
• Prioritizing trade shows of industries
requiring last mile delivery"
Action Plan
Attract
Third Party Partnerships
• Improved visibility at a key consumer
touch point through branding
• Providing workwear for partnered
Warehouses
• Increases Brand Association with
warehouses leading to word of mouth
Action Plan
Attract
Promotions
• Repositioned communication across
channels generating awareness
• Newspaper articles and promotion on
new services and partnerships
• Cold mails to enterprises within our
targets
• Higher focus on LinkedIn
Action Plan
Convert
Website Funnel
• Introduce cost estimator for Enterprise
page of website to provide estimates
• Integrate FAQ system for the enterprise
page with relevant queries
• Collect emails of users interacting with
website services
• SEO to increase reliability through
search
Action Plan
Convert
Testimonials
• Static Content of RedX Cargo client
testimonial in the website
• Video testimonial of Client company
manager across social media
Action Plan
Convert
Targeted Quotations &
Pitches
• Quotations and Service offerings
depending on nature of product,
industry, distance of delivery
• Targeted pitches focusing on industries
and shortlisting potential clients
• Brochure outlining services specified for
industry
Action Plan
Nurture
Optimizing Service
Delivery
• Pre-recorded webinar on use of RedX
Cargo service linked to website
• Internal employee training and reward
system
• Newsletter with service delivery insights
and potential deals
Action Plan
Strengthen
Loyalty Programs
• Special offers for repeat customers
• Bundled offers such as warehousing
support, last mile delivery service
• Truck branding for long term clients and
consumers
Action Plan
Strengthen
Gift Hampers
• Gift hampers and Care Packages sent
to C-suite employees on different
festivals
• Hampers and packages also sent on
occasions such as promotion etc.
Monitoring and Evaluation
Attract
• Change in website traffic
• Number of leads generated
• Lead generation from target
groups
Convert
• Email list growth rates
• Number of marketing qualified
leads
• Lead conversation rate
Nurture
• Churn rate
• Number of reviews received
• Average customer review
Strengthen
• Monthly recurring revenue
• Number of enterprise retentions
• Number of bundles availed
3 2
1
4
KPIs
Timeline
Q2'2022 Q3'2022 Q4'2022 Q1'2023 Q2'2023 Q3'2023 Q4'2023 Q1'2024
Trade Shows
Industry Magazine & Placement
3rd Party Partnerships
PR Articles
Cold Mails
LinkedIn Boosting
Agency Costs
Website Funnel
Testimonial Videos
YouTube Boosting
Webinars & Inbound Marketing
Bundling Budget
Gift Hampers
Financials
Total Cost
2.30cr BDT
No. of Unique
Enterprises Leads
660
Expected No. of
Leads Closed
46
Big Idea
Curating Touchpoints,
Building Experiences
Core Issue
Lack of a properly
targeted large
enterprise
communication strategy
Decision
Brand repositioning
through RedX Cargo
Target Market
Large Enterprises
requiring logistical
solution from the first
mile to last mile.
Thank you.
Q2'2022 Q3'2022 Q4'2022 Q1'2023 Q2'2023 Q3'2023 Q4'2023 Q1'2024 Total (BDT)
Trade Shows 500,000 1,500,000 500,000 1,500,000 4,000,000
Industry Magazine & Placement 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 800,000
3rd Party Partnerships 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 4,000,000
PR Articles 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 2,400,000
Cold Mails 10,000 10,000
LinkedIn Boosting 27,000 27,000 27,000 27,000 27,000 27,000 27,000 27,000 216,000
Agency Costs 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 1,200,000
Testimonial Videos 177,000 177,000 177,000 177,000 708,000
Webinars & Inbound Marketing 800,000 800,000 800,000 800,000 800,000 800,000 4,800,000
Bundling Budget 960,000 960,000 960,000 960,000 960,000 4,800,000
Gift Hampers 45,000 45,000 45,000 135,000
Total 1,087,000 2,554,000 3,599,000 2,837,000 2,037,000 3,514,000 4,559,000 2,882,000 23,069,000
Cost per Reach 1,194
Cost per Lead 34,826
No. of Unique Enterprise Lead 662
Conversion Rate 7%
Expected No. of Enterprise Leads Closed 46
Appendix: Financials
Specification No. of units
Cost per unit
(BDT)
Total Cost
(BDT)
No. of
Unique
Reach
Lead
Generation No. of Leads
Trade Shows 4 per year 8 500,000 4,000,000 1600 7.00% 112
Industry Magazine & Placement 2 ads per quarter 16 50,000 800,000 1600 5.00% 80
3rd Party Partnerships 20 warehouses 20 200,000 4,000,000 1600 2.00% 32
PR Articles 1 article per month, Business page 24 100,000 2,400,000 3600 3.00% 108
Cold Mails Package of 100,000 mails 1 10,000 10,000 500 2.00% 10
LinkedIn Boosting BDT 9000 package per month 24 9,000 216,000 480 3.00% 14
Agency Costs BDT 50000 per month 24 50,000 1,200,000
Testimonial Videos
Video Production 12 videos, BDT 50000 each 12 50,000 600,000 1800 2.00% 36
Social Media Boosting BDT 9000 package focusing on 3rd, 4th Quarter 12 9,000 108,000
Webinars & Inbound Marketing BDT 200000, for each month 24 200,000 4,800,000 3600 3.00% 108
Bundling Budget Lumpsum 24 200,000 4,800,000 3600 4.00% 144
Gift Hampers Focusing on 4th Quarter 180 500 90,000 900 2.00% 18
Total 23,024,000 19280 662
Appendix: Financials

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Team Ramen, IIBC'22, Final Round

  • 1. Team Ramen RedX: The Price of Exponential Growth
  • 2. Company Overview Services Provided • Last-mile truck service • Monthly invoicing facility • Shipment tracking • FTL • Loading/unloading facility • In case of hazardous products, safe shipment service with insurance • Owned by ShopUp, a full stack B2B commerce platform • Distribution network of 64 districts and 493 thanas • Provides both B2B and B2C services
  • 3. S O T W • Infrastructurally and financially backed up ShopUp • Large distribution network • Presence in both B2B & B2C • Digital presence and process automation as differentiator • Growing need for streamlined logistics operation • Lack of awareness among businesses as large-scale logistic service provider • Strong presence of established players • Low switching cost
  • 4. Market Overview No. of Registered Courier Companies Courier Service Industry Market Size No. of Courier Companies in Bangladesh 480 70bn BDT 72 High Involvement Commodity Like
  • 5. Customer Expectations New Entrants Technology Collaboration vs Competition Market Drivers • Low cost personalized service • Real time visibility • Choice of delivery channels • Streamlines process • Superior customer service • Streamlined supply chains
  • 6. Market: Growth Potential • No. of Key MAC cities expected to triple from 2015 to 2025 • Middle and affluent population growing at a 12% CAGR in Bangladesh • Digital economy is shaping a new Bangladesh
  • 7. Competitor Matrix Digital Low market presence Digital Players Digital Leaders Traditional Leaders Traditional High market presence
  • 8. • Last post about RedX Cargo in LinkedIn was 5 months ago and in Facebook was in November • 18 of the 21 posts about onboarding in the last 11 months were about ecommerce • All onboarding posts in LinkedIn were about SMEs 21 11 7 4 8 Onboardings & Partnerships Occassions & Announcements RedX PR & Advertisements RedX Cargo Others
  • 9. Customer Journey Mapping Completion of Production Warehousing Need for Logistics Assessing Own Needs Quotation & Comparison • Looking inside the industry • Talking with 3rd Party Vendors • Talking with Industry Professionals & Peers • Traction from Traditional Channels
  • 10. Customer Journey Mapping Referrals & Offerings Service Agreement Consignment Placement & Tracking Follow-up & Contact Analyze Return & Continuation • Testimonials • Website • Prior Experience • Service Reps & KAM • Other Traditional Media
  • 11. Issue 1: B2C centric brand presence Issue 2: Gaps in communication and building connections Issue 3: Lack of reference points Problem Identification
  • 12. Core Issue Lack of a properly targeted large enterprise communication strategy
  • 13. Target Market Logistical Requirements Firmographics Technographics Large Enterprises with Multi- Regional Network • Enterprises with high volume of sales and production • Having outlets or warehouses in different regions of the country First Mile to Last Mile • First Mile: Factory to Mother Warehouse • Mid Mile: Mother Warehouse to Outlet/Distribution Center • Last Mile: Outlet to Households Technologically Progressive • Willing to or have prior experience of using digital platforms for supply chain management • Easier to reach and onboard and upsell features.
  • 14. Primary Focus Large Enterprises with high volume of sales/production and multi-regional network requiring logistical solution from the first mile to last mile Secondary Focus Large Enterprises that are technological progressive and have multi-regional network Broad Target Group Large Enterprises Target Market
  • 16. Current RedX Positioning Our Proposed RedX Cargo Positioning Positioning if New Brand Low Focus High Focus Low Trust High Trust RedX Cargo • Promote to enterprises as RedX Cargo • Provide visibility to RedX Cargo as a separate service
  • 17. RedX Cargo • Helps reposition brand as a company that not only provides last mile delivery but exists at all mile capacities • Aligns with focus group as the tagline suggests utility for all segments of the journey • Creation of social media pages with the name 'RedX Cargo' to avoid communication and brand dilution • Promotion of repositioned communication across socials • Promotion of enhanced communication through magazines
  • 20. Action Plan Attract Trade Shows • Partner up with trade shows to provide booth or stall • Increases visibility and generates interest • Prioritizing trade shows of industries requiring last mile delivery"
  • 21.
  • 22. Action Plan Attract Third Party Partnerships • Improved visibility at a key consumer touch point through branding • Providing workwear for partnered Warehouses • Increases Brand Association with warehouses leading to word of mouth
  • 23. Action Plan Attract Promotions • Repositioned communication across channels generating awareness • Newspaper articles and promotion on new services and partnerships • Cold mails to enterprises within our targets • Higher focus on LinkedIn
  • 24. Action Plan Convert Website Funnel • Introduce cost estimator for Enterprise page of website to provide estimates • Integrate FAQ system for the enterprise page with relevant queries • Collect emails of users interacting with website services • SEO to increase reliability through search
  • 25. Action Plan Convert Testimonials • Static Content of RedX Cargo client testimonial in the website • Video testimonial of Client company manager across social media
  • 26. Action Plan Convert Targeted Quotations & Pitches • Quotations and Service offerings depending on nature of product, industry, distance of delivery • Targeted pitches focusing on industries and shortlisting potential clients • Brochure outlining services specified for industry
  • 27. Action Plan Nurture Optimizing Service Delivery • Pre-recorded webinar on use of RedX Cargo service linked to website • Internal employee training and reward system • Newsletter with service delivery insights and potential deals
  • 28. Action Plan Strengthen Loyalty Programs • Special offers for repeat customers • Bundled offers such as warehousing support, last mile delivery service • Truck branding for long term clients and consumers
  • 29. Action Plan Strengthen Gift Hampers • Gift hampers and Care Packages sent to C-suite employees on different festivals • Hampers and packages also sent on occasions such as promotion etc.
  • 30. Monitoring and Evaluation Attract • Change in website traffic • Number of leads generated • Lead generation from target groups Convert • Email list growth rates • Number of marketing qualified leads • Lead conversation rate Nurture • Churn rate • Number of reviews received • Average customer review Strengthen • Monthly recurring revenue • Number of enterprise retentions • Number of bundles availed 3 2 1 4 KPIs
  • 31. Timeline Q2'2022 Q3'2022 Q4'2022 Q1'2023 Q2'2023 Q3'2023 Q4'2023 Q1'2024 Trade Shows Industry Magazine & Placement 3rd Party Partnerships PR Articles Cold Mails LinkedIn Boosting Agency Costs Website Funnel Testimonial Videos YouTube Boosting Webinars & Inbound Marketing Bundling Budget Gift Hampers
  • 32. Financials Total Cost 2.30cr BDT No. of Unique Enterprises Leads 660 Expected No. of Leads Closed 46
  • 33. Big Idea Curating Touchpoints, Building Experiences Core Issue Lack of a properly targeted large enterprise communication strategy Decision Brand repositioning through RedX Cargo Target Market Large Enterprises requiring logistical solution from the first mile to last mile.
  • 35. Q2'2022 Q3'2022 Q4'2022 Q1'2023 Q2'2023 Q3'2023 Q4'2023 Q1'2024 Total (BDT) Trade Shows 500,000 1,500,000 500,000 1,500,000 4,000,000 Industry Magazine & Placement 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 800,000 3rd Party Partnerships 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 4,000,000 PR Articles 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 2,400,000 Cold Mails 10,000 10,000 LinkedIn Boosting 27,000 27,000 27,000 27,000 27,000 27,000 27,000 27,000 216,000 Agency Costs 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 1,200,000 Testimonial Videos 177,000 177,000 177,000 177,000 708,000 Webinars & Inbound Marketing 800,000 800,000 800,000 800,000 800,000 800,000 4,800,000 Bundling Budget 960,000 960,000 960,000 960,000 960,000 4,800,000 Gift Hampers 45,000 45,000 45,000 135,000 Total 1,087,000 2,554,000 3,599,000 2,837,000 2,037,000 3,514,000 4,559,000 2,882,000 23,069,000 Cost per Reach 1,194 Cost per Lead 34,826 No. of Unique Enterprise Lead 662 Conversion Rate 7% Expected No. of Enterprise Leads Closed 46 Appendix: Financials
  • 36. Specification No. of units Cost per unit (BDT) Total Cost (BDT) No. of Unique Reach Lead Generation No. of Leads Trade Shows 4 per year 8 500,000 4,000,000 1600 7.00% 112 Industry Magazine & Placement 2 ads per quarter 16 50,000 800,000 1600 5.00% 80 3rd Party Partnerships 20 warehouses 20 200,000 4,000,000 1600 2.00% 32 PR Articles 1 article per month, Business page 24 100,000 2,400,000 3600 3.00% 108 Cold Mails Package of 100,000 mails 1 10,000 10,000 500 2.00% 10 LinkedIn Boosting BDT 9000 package per month 24 9,000 216,000 480 3.00% 14 Agency Costs BDT 50000 per month 24 50,000 1,200,000 Testimonial Videos Video Production 12 videos, BDT 50000 each 12 50,000 600,000 1800 2.00% 36 Social Media Boosting BDT 9000 package focusing on 3rd, 4th Quarter 12 9,000 108,000 Webinars & Inbound Marketing BDT 200000, for each month 24 200,000 4,800,000 3600 3.00% 108 Bundling Budget Lumpsum 24 200,000 4,800,000 3600 4.00% 144 Gift Hampers Focusing on 4th Quarter 180 500 90,000 900 2.00% 18 Total 23,024,000 19280 662 Appendix: Financials