Bingo: Marketing Mix

Marketing Mix Product Strategy Bingo positioned itself as chips with an Indian twist. The 16 flavours introduced at launch were carefully developed through with(predicate) R&D The initial offerings were a mix of potato chips and finger snacks The potato chips portion includes variants like masala, salted, tomato inspired by snacking habits of Indian consumers The offerings under finger snacks include Pakoda (Live Wires) and Khakra (Mad Angles) These offerings were further differentiated by providing SKUs at Rs. , Rs. 10 and Rs. 20 Marketing Mix Pricing Strategy The main objective for ITC was to compete effectively with the existing players. Hence, ITC launched a direct frontal attack by introducing identical priced SKUs ITC already enjoyed cost advantage over competitors through its eChoupal initiative. This to a fault facilitated timely supply of raw materials ITCs printing and packaging business also lead to high quality, cost effective and innovative packaging Marketing Mix Promotional Strategy Bingo was strategically launched at the time of worldly concern cup to cash in on the popularity of snacks among the cricket lovers of the country The advertising strategy revolved around slapstick humour and irrelevant themes to hold eyeballs, conglomerate attention and interest, and stand out from the clutter ITC booked 10 to 15 spots per channel per day, 20 spots on radio stations back up by thousands of hoardings advertising the product.According to industry estimates, the total advertising spent in the initial 6 months were roughly 100 crores While its competitor Frito-Lay focussed on celebrity endorsements, Bingo chose a different route Since the product is aimed towards the young population, digital media was heavily use. For instance, the Bingo National Gaming Championship across 4 cities with more than 25000 participants Bingeonbingo. com and Mad Angles Twister application (Facebook) were other initiatives in online media Marketing Mix Distr ibution Strategy ITC already had a well-established distribution network through its cigarette and tobacco related offerings which were leveraged for Bingo Further, the company distributed around 4 lakh racks across all retailers to display the brand at all Points-of-scale inside 6 months Bingo was available across 250000 retailers in the country A crucial alliance with Future Group led to all future multitude retail outlets like Big Bazar, Food Bazar stocking only ITCs Bingo HORECA (Hotels, Restaurants and Catering Sector), Local betel shops are all being used to distribute Bingo to a wide range of audiencesValue Proposition Variety and innovation in a largely undifferentiated market Foray into the health Snacks segment by introducing Bingo as Baked Chips ITC launched Bingo in 16 flavours to cater to the tastes of the country Leveraged the retail and marketing expertise of ITC Foods Market partake in before Bingo 25% 10% 65% Lays Haldirams Others Market Share after Bingo Lays 12% 27% 45% Bingo Haldirams 16% Others