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FASHIONABLY YOURS ( A HIGH FASHION STYLING APP|)

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FASHIONABLY YOURS ( A HIGH FASHION STYLING APP|)

  1. 1. FASHIONABLY YOURS.
  2. 2. Most people who splurge millions of dollars on premium fashion brands like Gucci, Chanel and Dior, are not able to carry them off with panache!! EXECUTIVE SUMMARY
  3. 3. Should not translate into..
  4. 4. THIS
  5. 5. Here is a solution to this harrowing problem ..
  6. 6. OVERVIEW This app provides comprehensive fashion solutions to consumers interested in investing in premium fashion brands, though personalized styling and customized designing, makeup and beauty blogs, fashion and image consultancies and many more services. This will allow most of the high society consumers to be more familiar with the intricacies of carrying off these legendary brands with panache, thereby enhancing their glamour and style quotient, and that too without paying exorbitantly high charges for the services provided.
  7. 7. SITUATIONAL ANALYSIS
  8. 8. CORE COMPETENCIES –  It is the go-to app for all personalized high fashion styling and grooming solutions.  It has direct collaboration with leading fashion houses, which provide customized styling solutions to the consumers, who therefore have access to authenticated styling opinions from the brands of their choice.  It allows the customers to get instant solutions to their problems from leading stylists and designers through messaging and video calling features offered on the app. COMPANY OVERVIEW
  9. 9. STRATEGIC ASSETS
  10. 10. FOLLOWING ARE THE STRATEGIC ASSESTS OF THE APP :  The app is designed in compliance with the Freemium model, that allows in-app purchases, through services such as online shopping, personalized styling by leading stylists and designers, and many such services, which become the chief revenue generators for the app.  Collaboration with leading fashion houses help in landing sponsorship deals in globally recognized fashion events like the Paris Fashion Week.  In app advertising for premium brands like Chanel, Dior etc. also significantly contribute to the increase in the revenue generated by the app.
  11. 11. MARKET OVERVIEW
  12. 12. COMPETITORS
  13. 13. COLLABORATORS
  14. 14. POTENTIAL AND TARGET CUSTOMERS The potential and target customers of this app would be the high income groups, such as businessmen, socialites, celebrities such as actors, supermodels and performers, who constantly want to enhance their glamour quotient by investing in premium luxury brands.
  15. 15. OPPORTUNITIES AND THREATS
  16. 16. OPPORTUNITIES  The app has immense expansion opportunities, as it is venturing into an untapped market of personalized online styling and shopping assistance.  Collaboration with premium fashion brands such as Louis Vuitton, Gucci ,Chanel, etc. will provide a huge impetus to the increase its brand value.
  17. 17. THREATS  Economic fluctuations might marginally decrease investments in premium fashion brands.  Competitor apps such as Shopstyle can eat into the market share of this app, since it is relatively new in the market.
  18. 18. GOAL  To become the best app in the domain of high fashion styling and grooming.  To generate a revenue of $5 billion in the next four years.  To achieve a benchmark of 50,000 downloads in 1 year.  To acquire chief sponsorship of coveted fashion events like the Paris Fashion Week, the New York Fashion Week and so on. Achieve ultimate customer satisfaction across the globe through the unique products and services offered by the app.
  19. 19. STRATEGY
  20. 20.  The app targets the high income groups in the society such as businessmen and celebrities.  It collaborates with premium luxury fashion brands such as Gucci, Prada and Dior.  Apps like Shopstyle are its competitors.  Since the app provides unique and new services such as personalised styling and shopping solutions, it will be able to achieve the status of a pioneer in revolutionising people’s perception about fashion. TARGET MARKETS
  21. 21. VALUE PROPOSITION
  22. 22. CUSTOMER VALUE The app focuses on building strong customer values, through its online services such as personalized styling and customized shopping solutions that are available 24X7, through exquisite technological features such as video calling and messaging services with enhanced round the clock customer care services for grievance redressal.
  23. 23. COLLABORATOR VALUE The app provides a huge impetus to its collaborators in terms of enhancement of brand value and expansion of brands into wider markets, as the products and services provided by the app is available in most of the countries across the world. This has allowed the brand to effectively communicate and influence its consumers around the world through this app.
  24. 24. COMPANY VALUE The company offers an extremely apprehensive work environment where its employees are always encouraged to take risks and challenges to strive for achieving higher goals on personal as well as professional levels.
  25. 25. TACTICS
  26. 26. PRODUCTS AND SERVICES
  27. 27. FREE SERVICES PROVIDED BY THE APP  Customised shopping from various premium fashion brands, without styling assistance.  Information about the newest trends in fashion and makeup through fashion and beauty blogs.  Complementary subscription to video blogs, and do-it-yourself makeup tutorials, and guides to styling and shopping according to individualistic personality styles and physical features.
  28. 28. PREMIUM SERVICES PROVIDED BY THE APP  Personalised styling according to the customers’ individualistic style preferences through video calling, video conferencing (for styling opinions from more than one designer), messaging with leading stylists, designers and photographers.  Personal beauty regime monitoring by BMI and diet tracking.  Styling solutions for specific events and programs.  Exclusive invitations to major fashion events across the world such as Paris, London and New York fashion Weeks, the Met Gala, etc.  Coordinated styling within linked contacts on phonebook, Facebook and Instagram for specific events.
  29. 29. BRAND
  30. 30. NAME : FASHIONABLY YOURS TAGLINE : Say Hi! To High Fashion Offering: We help you revamp and redeem your true spirit in the language of fashion!!
  31. 31. PRICE The premium version of the app is priced at $180, since it is targeting the high income group who can easily afford the extravagant luxury of premium brands and can therefore resort to the unique and effective services provided by the app by paying the requisite sum which will actually cost much less as compared to the cost of hiring a stylist from a leading fashion houses.
  32. 32. INCENTIVES
  33. 33. TO EMPLOYEES  Monthly rewards, bonus and promotions for employees who perform well.  Paid maternity and paternity leaves TO CUSTOMERS  Exclusive discounts, offers and monthly rewards as gifts.  Access to benefit cards, that can be used to avail offers and discounts from partner brands such as Gucci, Prada, Miu Miu, etc. TO COLLABORATORS  Ease of sponsorship and advertising through the app.  Wider publicity initiatives for events organized by the collaborating brands
  34. 34. COMMUNICATION SOCIAL MEDIA- FACEBOOK, TWITTER, INSTAGRAM, AND SNAPCHAT ADVERTISEMENT VIDEOS ON YOUTUBE CELEBRITY ENDORSEMENTS BILLBOARDS COMPANY WEBSITE IN APP ADVERTISEMENTS
  35. 35. DISTRIBUTION
  36. 36. IMPLEMENTATION
  37. 37.  The features of the app are designed by employing the best graphic and app designers.  The fashion services offered by the app are in consultation with the best stylists and designers in the world, such as Donatella Versace, Tom Ford, Vivienne Westwood, Marc Jacobs, Elie Saab, etc.  Leading supermodels and actors are used for marketing the app.  Collaboration with the biggest banking corporations and millionaire clients for financial boosts.
  38. 38. SCHEDULE
  39. 39. MARKET RESEARCH – 3 MONTHS DESIGNING BUSINESS STRATEGIES -3 MONTHS LAUNCHING APP AT THE END OF THE YEAR DESIGNING ADVERTISING AND MARKETING STRATEGIES-3 MONTHS STRATEGISING FINANCIAL OPERATIONS WITH INVESTORS AND PARTNERS – 3 MONTHS
  40. 40. THIS APP WILL REVOLUTIONISE THE WAY YOU PERCEIVE AND EMBRACE FASHION!
  41. 41. THANK YOU !!
  42. 42. DISCLAIMER This presentation was created by AYASMITA KAR as the final project during a summer internship program under the guidance of PROF. SAMEER MATHUR of IIM LUCKNOW.

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