Cigarette Recycle
Cigarette Recycle
Cigarette Recycle
1. Segmentation:
Marketing Segmentation is basically a process of identifying
segments of the market and also a process of dividing a broad
customer’s base into sub groups based on the current market place.
Once the segment of customers has been identified then the firm
design their product or services based on the needs and demand of
the segmented market.
As there are 4 different types of segmentation
I. Demographic Segmentation: Segmentation done on the
basis of age, gender, income, occupation, marital status,
family size, race, religion, & nationality.
II. Geographical Segmentation: Segmentation done on the
basis of climate, terrain, natural resources, and population
density and location.
III. Psychographic Segmentation: Segmentation done on the
basis of personality, traits, values, motives, interests and
lifestyles.
IV. Behavioural Segmentation: Segmentation done on the
basis of individual purchase behaviour.
At CIGGY, we have used Psychographic and Behavioural Segmentation.
As our segment of interest are Frequent Smokers.
2. Targeting:
Once we have completed Market Segmentation, the firm now must
be aware of the needs and wants of the segmented market.
There are 4 type of market targeting strategies:
I. Undifferentiated Marketing Strategy: Here the firm is
unable to do the segmentation hence end up considering all
customers ( Homogenous Product/ Services)
II. Differentiated Marketing Strategy: Here the firm Involves
targeting number of segments.
III. Concentrated/Niche Marketing Strategy: Here the firm
concentrates its marketing effort on small segment of large
market.
IV. Micro Marketing: Here the firm is only dedicated to single
customer.
We at CIGGY, follows the Undifferentiated Marketing Strategy
As we are going to collect disposed cigarette waste from local areas of
urban and rural areas through “VBINS”.
3. Positioning:
This is final stage of marketing strategy, as the term itself defines
positioning implies for creating a brand image in the minds of your
segmented target customers.
CIGGY tagline: Butt waste isn’t just litter.
Competitors
As for now we don’t have many competitors as there is only one
company in overall India if only considering the “VBIN” product.
But if the trend continuous we might come across many such competitors
who might be better than us or provides better product or services.
Considering the final product of cigarette butts that are Fabrics, cotton
clothes, hard covering packing and covering, cushions, garland, small
stuffed toys, accessories, keychains, etc.
Our competitors can be retail, plastic, toy and accessories making
industries.
Pricing Strategy:
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