Marketing Strategy for Radio sppicy Group – 6 Biswajit Mishra (P122056) Karthikeyan Annamalai (P122018) Sriram K Thwar (P122045) Vidit Jain (P122051)
Aug 11, 2015
Marketing Strategy for
Radio sppicy
Group – 6
Biswajit Mishra (P122056)
Karthikeyan Annamalai (P122018)
Sriram K Thwar (P122045)
Vidit Jain (P122051)
Question 1
• Critically assess Sanjay’s approach for revamping the marketing strategy of
Radio Spicy
Current Scenario
• Radio as a medium is not able to reach out to the end consumer
• Radio Spicy is considered to be an expensive• Not working on personalized advertising• Payment issues eg. Kanchenjunga Herbals
Analysis
• Cost for radio advertisement is Re .14 as compare to cost for TV advertisement which is Re 1
• By redeploying 10% of TV spend on radio, brand awareness can be increased by 15.4%
• By reducing the size of the ad in the newspaper, we can save some money which can be further used for radio
• By adopting localism– Can add local flavors
– Can communicating to the audience in his/her regional language
– Will build a relationship/connect with the listener
Question 2
• Analyze the feasibility of launching a new FM radio service in Kanpur based on the listenership survey and propose a marketing plan for the new channel utilizing latest studies on marketing media services in India
Kanpur survey data
• Listener’s age group:- 19-25 around 57%
- 26-35 around 35%
• Listener's Socio economic group- Middle class(family income INR 0-45000)
• Modes of advertisement - Overall: Print media, news paper, magazines, radio
- Insurance & financial products :Business news channel
- FMCG : general entertainment ,news, music
Feasibility Study
• Market Share Analysis :
Radio Channel Population(1000s) %
Radio Mirchi 527 9.210066
Big FM 337 5.889549
Red FM 315 5.505068
Existing Radio Listeners 1179 20.60468
Total population 5722 100
Remaining target 4543 79.39532
Feasibility Study (contd…)
• Willingness to use radio network :
Type of Customer %Target Yes/No
Marketing Plan
Do not reach my customer
9% Reach for Middle Class
Expensive 9% Multiplier effect
Exploring proposals 7%
Can not say 18% Radio Coverage and Market leader
Feasibility Study
• As per the listenership survey Radio Spicy can design their programs suitable for the - Age Group : 19-25, 25- 35
Feasibility Study (contd…)
• RS will be in more of music category as suggested for the improvement needed
Feasibility Study (contd…)
• RS will be targeting programs on Mirchi as the highest no of customers are there.
Question3
• Identify ways to differentiate the program content design of Radio Spicy from other networks at your location
Major Radio Networks in Chennai
All India Radio Radio Mirchi
Radio City Gyan Vani (IGNOU)
Aaha FM FM Gold
Big FM Hello FM
Suryan FM FM Rainbow
Radio One Anna FM (Anna University)
Program content
• Similar program content across all the radio networks
Genre Days Time
Devotional Songs All days 5-7 AM
Chat with RJ Monday-Saturday 7-11 AM
Intermediate Songs Monday-Saturday 11 AM – 3 PM
Kids show Monday-Saturday 3-5 PM
Cine gossips Monday-Saturday 5-7 PM
Lovers special Monday-Saturday 7-9 PM
Interviews Monday-Saturday 9-10 PM
Old Songs Monday-Saturday Through out the night
Celebrity interviews and general talk shows
Sundays From 7 AM
Contd.
• Segmentation– Age– Gender– Interests– Behavior– Need
• Targeting– Majority of the audience is between age group of 17-35– It covers students, IT professionals, factory labors– Passionate about music– Loves listening to music
• Positioning – Youth centric radio– Right mix of music– Bringing in local flavor in our channel to have a larger
connect with the audience