SlideShare une entreprise Scribd logo
1  sur  22
SNAPCHATM A R K E T I N G M A N A G E M E N T P R E S E N TAT I O N
GROUP 9
ADARSH KUMAR AGARWAL
AYUSHMAN SINGH RATNU
ARNAV MAHAJAN
ANWESH RAAJAN
RAHUL PRUTHI
MOHIT JAIN
LIFE'S MORE FUN WHEN YOU LIVE IN THE MOMENT
INTRODUCTION
Snapchat is an advertising
Company which Markets itself
as a camera company
It emphasizes on Augmented
reality and Virtual Stickers
Snapchat was developed by
Evan Spiegel, Booby Murphy
and Reggie Brown.
Its main motive was to
capture every moment of life
in fun and beautiful ways
using mobile phones.
It enhances employee
engagement by creation of
employee resource group and
providing work life balance.
Along with the camera it
offers other Snapchat
specifications like filters,
bitmoji , live location ,etc.
PESTLE FRAMEWORK
POLITICAL
FACTORS
• Government
Policy
• Political Stability
• Corruption
ECONOMIC
FACTORS
• Economic
Growth
• Exchange rate
• Interest rate
SOCIAL FACTORS
• Population
growth
• Age distribution
• Career attitudes
TECHNOLOGICAL
FACTORS
• Technological
incentives
• Levels of
innovation
LEGAL FACTORS
• Discrimination
laws
• Antitrust Laww
• Employment
ENVIRONMENTAL
FACTORS
• Weather
• Climate
• Environmental
Policies
Tools to evaluate the impact of various macro environmental factors on the products, services
or the organisation as a whole .Factors affect the shape, strategies, competitive landscape and
overall profitability of the company.
PORTER’S FIVE FORCES
Threat of new
entrants
• WEAK
• Economies of scale
difficult to attain
• Strong product
Differentiation
• Capital Cost:
Advertising and R&D
• Government Policies:
Licensing and Legal
requirements
Threat of
substitutes
• HIGH
• Any social media app is a
substitute to it
• Only think needed is a
good product
differentiation
• Tiktok, Instagram
Bargaining
power of
customers
• HIGH
• Product differentiation is
high
• No cost involved in
switching
Bargaining
power of
suppliers
• HIGH
• Low switching cost
• Competitors offering
same product
Competitive
rivalry
• HIGH
• Number of competitors
less and large: Not move
from industry
• Growing industry: Not
capture of each other's
market share
• Product differentiation:
Easy to copy
• High investment: high
exit barrier
MARKETING MIX
Product
• The messages and images posted - short lived.
• Emphasis on frivolity of the short-lived messages - more user engagement and
• Snapchat was on person-to-person photo sharing however later on add-ons like ability
video sharing, video chat and saving chat were introduced
• Innovative features like Context cards, Publisher stories, Custom Geofilter, Snap Map
• ‘Live Story’ - the real-time images into the curated stories available to all.
Price
• Snapchat is a free to download
• Certain premium content which can be used.
• The unique freemium pricing: discounts, promotional
• Publish Story: SnapAds
• Discover wherein short content from publisher is displayed
Place
• Ubiquitous web-based application.
• Available in 20 languages
• When launched, it was compatible only with the i-phone however now it can be
accessed through windows as well as android.
Promotion
• Interactive and detailed - details about all the products, features, use, policies
be accessed
• Innovative and user appealing features in their products.
• Advertising campaigns - innovative, exciting and fun attracting lot of followers
• All the data related to the advertisements like verification, view ability, reach,
resonance and reaction.
SEGMENTATION
The segment that Snap.Inc or any Such Social Media
applications use is the young cell phone user
who are tech savvy and aware of the latest trends of
technology.
The technology and the working of Snap.Inc is to create a
fun interface wherein you click pictures using the “Snapchat
Camera” and share it with your friends wherein it will
disappear after a while and you have the option of saving
the picture on your phone like a normal photograph. The
whole application was created keeping the Gen Z and its
usage of technology.
Key traits of the segment selected by Snapchat:
✓ Tech Savvy
✓ Gadget users
✓ Young and experimental
• Age: 18-30
• Gen Z
• High school
children
• College goingDEMOGRAPHIC
• Snapchat has its
highest penetration
rate in Ireland
• Countries with good
internet penetration
• Urban AreasGEOGRAPHICAL
• Tech Savvy
PSHYCHOGRAPHIC
• Young and
experimental
• Gadget users
BEHAVIOURAL
18-
23%
18 - 24
37%
25 - 34
26%
35 - 54
12%
54+
2%
However, there is a new story
emerging. Snapchat’s penetration
in the older demographics is
growing rapidly. Studies show
that more than half of new users
signing up to Snapchat are over
the age of 25.
GRPAH SHOWING THE MARKET OF SNAPCHAT
TARGET MARKETS
• Snapchat targets primarily 18- 30-year-
olds. By the time of its launch in India,
Snapchat has faced a tough time to attract
its target market due to the existence of
market leader Facebook. In 2020, Snapchat
gained its place in only 9% of the user
base.
Two major Stakeholders
Business extension Demographic factors
• Snapchat has projected itself as
a digital marketing behemoth,
enabling companies to
advertise themselves
conveniently.
• Thus, it targets all the
companies which can use social
media for their brand image
and advertisement.
BRAND POSITIONING, POP, POD
Snapchat is the latest social media phenomenon that taps into the interest
of Indian youth primarily. Snapchat positions itself in the minds of young
demographics (13-34yrs) by providing them with a platform to interact and
share their lives with each other.
Snapchat has tried to differentiate itself through
• building of filters or lenses that would interact with more than just the
face;
• create lenses that interact with storefronts.
• The company launched spectacles which can be paired to the Snapchat
account to create stories with wide angles and save them as memories
for future edits.The point-of-parity and Points-of-difference for Snapchat, across the globe
and in India have been more or less the same-
Snapchat has proved to be a pioneer in providing a different experience of
fleeting and creative visual messaging in contrast to the monotonous
experience of simple messaging or text apps as compared to its
competitors.
ANSOFF’S FRAMEWORK
According to the analysis of
Snap.Inc, the company just
started with the mobile
application in the United States,
then expanded to other
countries, making it “Market
Development”, then Snap.Inc
launched bitmoji to select
people as “alpha testing”,
making it “Product
Development” and then
launching the same for all
audiences.
MARKET PENETRATION
PRODUCT
DEVELOPMENT
MARKET
DEVELOPMENT
DIVERSIFICATION
New ProductsExisting Product
ExistingMarketsNewMarkets
SWOT
Strength
Software
• Unique message
self deletion feature
Strong Base
•166 m users that are
expected to double in
next 2 years
•36% per year growth rate
User Friendly
• Visual Aids
• Robust mobile
interphase
• Privacy
Weakness
Low stocks
value
• Spoil Brand image
Loss of money
• Diversification
• Advertisements
Declining
Active users
Opportunity
Increased
mobile Users
Increasing
demand for
privacy
Threat
Restrictions
• Some countries
have banned it,
this can affect its
growth
Continuous
Technological
updation
SWOT analysis is very important for
a company since the company might
improve after knowing the
opportunities and weaknesses.
COMPETITORS
Close
Competitors
• INSTAGRAM - Based on sharing photos and videos, the first social media site that copied
Snapchat’s short story feature.
• WHATSAPP - able to capture millions of people which has given them to communicate and share
your friends or with groups. It also copied Snapchat’s feature of short-term stories as status.
• YOUTUBE- the world’s largest video-sharing social networking site, Recently YouTube also
launched short term story feature for private channels.
• TIKTOK - There is plenty of stickers, filters and augmented reality features to add your videos. It is
the latest competitor of Snapchat as it is set to be the most downloaded app in 2019 in India.
Distant
Competitors
• FACEBOOK- Facebook is the largest social networking site in India and the most widely used site.
It is not a close competitor of snapchat but as it allows friends and family to connect so can be
considered as a competitor of Snapchat.
• LINKEDIN- platform which is basically used for professional purpose. . Since it has a feature of
connecting with people it can be considered as a competitor of Snapchat.
• TWITTER- . Since it has a feature of connecting with people it can be considered as a competitor
of Snapchat.
COMPETITIVE ADVANTAGE
FUNELEMENT
Display happy and
funny social
experiences
Short lived and
casual moments
INNOVATION
Fresh and
engaging platform
Snapchat Discover
New Filters
PRIVACY
Limited reach
Display text or
image for a short
time
CONSUMER BEHAVIOR
• Snapchat, developed by Snap Inc. is a messaging application.
• Snapchat functions on feed optimized for actual consumption of
material and peers attention
• The app is basically built to grab attention.
• Snapchat's rivals were focused on' product streams.'
• But if you open Snapchat, you'll see a list of people you're following. It's
not a feed for content, even if you're scrolling.
• How Snapchat attracts users is through snap, is basically a momentary
must-see content.
• Snapchat retains its consumers by providing different filters which keep
them engaged to the app.
• Snapchat has over 100 million active users. 5+ billion videos are viewed
each day. 65% of the Snapchat users contribute content on a daily
basis.
CUSTOMER GROWTH
• For Snapchat, according to company’s latest quarter reports, the
number of users has been increasing. For the last part of 2019, the
number of Snapchat users was 186 million while this no has gone up
to 203 million in 2020
• In April 2017, Snapchat’s gave a statement which said “This app is only
for rich people. I don’t want to expand into poor countries like India
and Spain.”
• The streaks feature of the Snapchat makes the customer loyal as it
targets emotional connections.
Source: Snapchat
Snapchat daily active users worldwide, Q1 2014 – Q2 2020, millions
CUSTOMER SATISFACTION
Customer satisfaction for Snapchat has been an up and down curve for Snapchat.
Customer satisfaction has been varied with the updates that the app has provided from
time to time.
• Snapchat’s Auto Advance plays has been
disposed. This update allowed the customer
to select which stories they wanted to see
without any automatic playbacks
• Customers were not satisfied by this
particular update
• According to a marketing company, this
update caused a 10% drop among their
clients.
FOR INSTANCES
35%
90%
97.50%
57.50%
90%
22.50%
30%
0% 20% 40% 60% 80% 100% 120%
Snapcaht
Instagram
Whatsapp
Facebook
Youtube
Twitter
LinkedIn
App Usage of Around 200 People
App Usage of
People(200)
VALUE PROPOSITION
Snapchat has time restricted chats and
disappearing pictures and videos
Single video can last up to 10 seconds
and can be indefinitely extended
accordingly
Updating and providing filters according
to location and festivals or events helped
attract more users. The feature of geo-
tagging has also helped a lot for users to
enjoy the app
Other apps like Instagram, twitter and
Facebook focus on feed first while
Snapchat focused on camera first. This
reduced number of steps to one tap
instead of several.
Snapchat
CHALLENGES FACED
For now, Snapchat
has young
audience, but what
is its scope for
future?
Its hard for
snapchat to prove
return on
investment
It has less exclusive
content
SUGGESTION
Focus on
building new
technology
Standard
app for
Smartphone
Cameras
New filters
and
experiences
for the
camera app
THANK YOU

Contenu connexe

Tendances

Snap Inc Success
Snap Inc SuccessSnap Inc Success
Snap Inc Success
PR Council
 

Tendances (20)

Snapchat
SnapchatSnapchat
Snapchat
 
Influencer Marketing 101
Influencer Marketing 101Influencer Marketing 101
Influencer Marketing 101
 
Presentación Snapchat
Presentación Snapchat Presentación Snapchat
Presentación Snapchat
 
Snapchat
SnapchatSnapchat
Snapchat
 
Snap Inc Success
Snap Inc SuccessSnap Inc Success
Snap Inc Success
 
Instagram marketing
Instagram marketingInstagram marketing
Instagram marketing
 
Instagram marketing 101
Instagram marketing 101Instagram marketing 101
Instagram marketing 101
 
Understanding TikTok & ByteDance
Understanding TikTok & ByteDanceUnderstanding TikTok & ByteDance
Understanding TikTok & ByteDance
 
App Marketing Strategies
App Marketing StrategiesApp Marketing Strategies
App Marketing Strategies
 
Instagram
InstagramInstagram
Instagram
 
Snapchat for Business owners
Snapchat for Business ownersSnapchat for Business owners
Snapchat for Business owners
 
Instagram for business
Instagram for businessInstagram for business
Instagram for business
 
Instagram Marketing Strategy E-Book
Instagram Marketing Strategy E-BookInstagram Marketing Strategy E-Book
Instagram Marketing Strategy E-Book
 
instagram- 2023
instagram- 2023instagram- 2023
instagram- 2023
 
TIKTOK'S PITCHDECK ZEIGT, WIE DAS UNTERNEHMEN VERSUCHT, MARKEN FÜR DIE PLATTF...
TIKTOK'S PITCHDECK ZEIGT, WIE DAS UNTERNEHMEN VERSUCHT, MARKEN FÜR DIE PLATTF...TIKTOK'S PITCHDECK ZEIGT, WIE DAS UNTERNEHMEN VERSUCHT, MARKEN FÜR DIE PLATTF...
TIKTOK'S PITCHDECK ZEIGT, WIE DAS UNTERNEHMEN VERSUCHT, MARKEN FÜR DIE PLATTF...
 
Instagram Marketing Made Simple
Instagram Marketing Made SimpleInstagram Marketing Made Simple
Instagram Marketing Made Simple
 
Advertisement on Snapchat - what brands should know?
Advertisement on Snapchat - what brands should know?Advertisement on Snapchat - what brands should know?
Advertisement on Snapchat - what brands should know?
 
Marketing Plan for Mobile App
Marketing Plan for Mobile AppMarketing Plan for Mobile App
Marketing Plan for Mobile App
 
Social Media Proposal for Alpha House
Social Media Proposal for Alpha HouseSocial Media Proposal for Alpha House
Social Media Proposal for Alpha House
 
Advertising On Instagram
Advertising On InstagramAdvertising On Instagram
Advertising On Instagram
 

Similaire à Snapchat Marketing Management Presentation

Snapchat For Brands, Yes Or No?
Snapchat For Brands, Yes Or No?Snapchat For Brands, Yes Or No?
Snapchat For Brands, Yes Or No?
Doug Robinson
 

Similaire à Snapchat Marketing Management Presentation (20)

Snapchat For Brands, Yes Or No?
Snapchat For Brands, Yes Or No?Snapchat For Brands, Yes Or No?
Snapchat For Brands, Yes Or No?
 
Snapchat For Brands, Yes Or No?
Snapchat For Brands, Yes Or No?Snapchat For Brands, Yes Or No?
Snapchat For Brands, Yes Or No?
 
Snapchat: The Fastest Growing Platform Ever
Snapchat: The Fastest Growing Platform EverSnapchat: The Fastest Growing Platform Ever
Snapchat: The Fastest Growing Platform Ever
 
Snapchat: The Fastest Growing Platform Ever
Snapchat: The Fastest Growing Platform EverSnapchat: The Fastest Growing Platform Ever
Snapchat: The Fastest Growing Platform Ever
 
What's Next: State of Social 7
What's Next: State of Social 7What's Next: State of Social 7
What's Next: State of Social 7
 
Nine Elements of Business Model Analysis.docx
Nine Elements of Business Model Analysis.docxNine Elements of Business Model Analysis.docx
Nine Elements of Business Model Analysis.docx
 
1.pdf
1.pdf1.pdf
1.pdf
 
Snapchat: How Businesses Are Winning Audiences 10 Seconds At A Time
Snapchat: How Businesses Are Winning Audiences 10 Seconds At A TimeSnapchat: How Businesses Are Winning Audiences 10 Seconds At A Time
Snapchat: How Businesses Are Winning Audiences 10 Seconds At A Time
 
State of Social V
State of Social VState of Social V
State of Social V
 
Should you use Snapchat ads for app installs?
Should you use Snapchat ads for app installs? Should you use Snapchat ads for app installs?
Should you use Snapchat ads for app installs?
 
A Comprehensive Guide to Snapchat: From AR to Commerce
A Comprehensive Guide to Snapchat: From AR to CommerceA Comprehensive Guide to Snapchat: From AR to Commerce
A Comprehensive Guide to Snapchat: From AR to Commerce
 
Snapchat Group Snaps Proposal
Snapchat Group Snaps ProposalSnapchat Group Snaps Proposal
Snapchat Group Snaps Proposal
 
The Ultimate Guide to Snapchat Advertising
The Ultimate Guide to Snapchat AdvertisingThe Ultimate Guide to Snapchat Advertising
The Ultimate Guide to Snapchat Advertising
 
Snap Inc.
Snap Inc. Snap Inc.
Snap Inc.
 
Guide to Snapchat
Guide to Snapchat Guide to Snapchat
Guide to Snapchat
 
Positioning Snapchat with Digital Marketing Solutions
Positioning Snapchat with Digital Marketing SolutionsPositioning Snapchat with Digital Marketing Solutions
Positioning Snapchat with Digital Marketing Solutions
 
Social Media Platform Knowledge
Social Media Platform KnowledgeSocial Media Platform Knowledge
Social Media Platform Knowledge
 
Snapchat Inc- 9 elements of business model analysis
Snapchat Inc- 9 elements of business model analysisSnapchat Inc- 9 elements of business model analysis
Snapchat Inc- 9 elements of business model analysis
 
Innovations that Convert Cord Cutters Into Smart Subscribers
Innovations that Convert Cord Cutters Into Smart SubscribersInnovations that Convert Cord Cutters Into Smart Subscribers
Innovations that Convert Cord Cutters Into Smart Subscribers
 
Instagram marketing in 2017; combining organic and paid strategies by ad roll
Instagram marketing in 2017; combining organic and paid strategies by ad rollInstagram marketing in 2017; combining organic and paid strategies by ad roll
Instagram marketing in 2017; combining organic and paid strategies by ad roll
 

Dernier

Buy Linkedin Sales Navigator at Cheap Price
Buy Linkedin Sales Navigator at Cheap PriceBuy Linkedin Sales Navigator at Cheap Price
Buy Linkedin Sales Navigator at Cheap Price
DIGISHIFT INDIA +918368319550
 
FULL ENJOY Call Girls In Majnu.Ka.Tilla Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Majnu.Ka.Tilla Delhi Contact Us 8377877756FULL ENJOY Call Girls In Majnu.Ka.Tilla Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Majnu.Ka.Tilla Delhi Contact Us 8377877756
dollysharma2066
 
4 TRIK CARA MENGGUGURKAN JANIN ATAU ABORSI KANDUNGAN
4 TRIK CARA MENGGUGURKAN JANIN ATAU ABORSI KANDUNGAN4 TRIK CARA MENGGUGURKAN JANIN ATAU ABORSI KANDUNGAN
4 TRIK CARA MENGGUGURKAN JANIN ATAU ABORSI KANDUNGAN
Cara Menggugurkan Kandungan 087776558899
 

Dernier (20)

Press Release Distribution Evolving with Digital Trends.pdf
Press Release Distribution Evolving with Digital Trends.pdfPress Release Distribution Evolving with Digital Trends.pdf
Press Release Distribution Evolving with Digital Trends.pdf
 
Buy Linkedin Sales Navigator at Cheap Price
Buy Linkedin Sales Navigator at Cheap PriceBuy Linkedin Sales Navigator at Cheap Price
Buy Linkedin Sales Navigator at Cheap Price
 
Social media, ppt. Features, characteristics
Social media, ppt. Features, characteristicsSocial media, ppt. Features, characteristics
Social media, ppt. Features, characteristics
 
Five Essential Tools for International SEO - Natalia Witczyk - SearchNorwich 15
Five Essential Tools for International SEO - Natalia Witczyk - SearchNorwich 15Five Essential Tools for International SEO - Natalia Witczyk - SearchNorwich 15
Five Essential Tools for International SEO - Natalia Witczyk - SearchNorwich 15
 
Analysis of Sineing Website and how to fix
Analysis of Sineing Website and how to fixAnalysis of Sineing Website and how to fix
Analysis of Sineing Website and how to fix
 
25+ years’ experience (310) 882-6330 Love Spells in Wilmington, DE | black ma...
25+ years’ experience (310) 882-6330 Love Spells in Wilmington, DE | black ma...25+ years’ experience (310) 882-6330 Love Spells in Wilmington, DE | black ma...
25+ years’ experience (310) 882-6330 Love Spells in Wilmington, DE | black ma...
 
Elevate Your Advertising Game: Introducing Billion Broadcaster Lift Advertising
Elevate Your Advertising Game: Introducing Billion Broadcaster Lift AdvertisingElevate Your Advertising Game: Introducing Billion Broadcaster Lift Advertising
Elevate Your Advertising Game: Introducing Billion Broadcaster Lift Advertising
 
VIP Call Girls Dongri WhatsApp +91-9833363713, Full Night Service
VIP Call Girls Dongri WhatsApp +91-9833363713, Full Night ServiceVIP Call Girls Dongri WhatsApp +91-9833363713, Full Night Service
VIP Call Girls Dongri WhatsApp +91-9833363713, Full Night Service
 
Situation Analysis | Management Company.
Situation Analysis | Management Company.Situation Analysis | Management Company.
Situation Analysis | Management Company.
 
Google 3rd-Party Cookie Deprecation [Update] + 5 Best Strategies
Google 3rd-Party Cookie Deprecation [Update] + 5 Best StrategiesGoogle 3rd-Party Cookie Deprecation [Update] + 5 Best Strategies
Google 3rd-Party Cookie Deprecation [Update] + 5 Best Strategies
 
Best 5 Graphics Designing Course In Chandigarh
Best 5 Graphics Designing Course In ChandigarhBest 5 Graphics Designing Course In Chandigarh
Best 5 Graphics Designing Course In Chandigarh
 
BDSM⚡Call Girls in Vaishali Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Vaishali Escorts >༒8448380779 Escort ServiceBDSM⚡Call Girls in Vaishali Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Vaishali Escorts >༒8448380779 Escort Service
 
FULL ENJOY Call Girls In Majnu.Ka.Tilla Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Majnu.Ka.Tilla Delhi Contact Us 8377877756FULL ENJOY Call Girls In Majnu.Ka.Tilla Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Majnu.Ka.Tilla Delhi Contact Us 8377877756
 
The Science of Landing Page Messaging.pdf
The Science of Landing Page Messaging.pdfThe Science of Landing Page Messaging.pdf
The Science of Landing Page Messaging.pdf
 
BDSM⚡Call Girls in Sector 19 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 19 Noida Escorts >༒8448380779 Escort ServiceBDSM⚡Call Girls in Sector 19 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 19 Noida Escorts >༒8448380779 Escort Service
 
Discover Ardency Elite: Elevate Your Lifestyle
Discover Ardency Elite: Elevate Your LifestyleDiscover Ardency Elite: Elevate Your Lifestyle
Discover Ardency Elite: Elevate Your Lifestyle
 
Labour Day Celebrating Workers and Their Contributions.pptx
Labour Day Celebrating Workers and Their Contributions.pptxLabour Day Celebrating Workers and Their Contributions.pptx
Labour Day Celebrating Workers and Their Contributions.pptx
 
Busty Desi⚡Call Girls in Sector 135 Noida Escorts >༒8448380779 Escort Service
Busty Desi⚡Call Girls in Sector 135 Noida Escorts >༒8448380779 Escort ServiceBusty Desi⚡Call Girls in Sector 135 Noida Escorts >༒8448380779 Escort Service
Busty Desi⚡Call Girls in Sector 135 Noida Escorts >༒8448380779 Escort Service
 
4 TRIK CARA MENGGUGURKAN JANIN ATAU ABORSI KANDUNGAN
4 TRIK CARA MENGGUGURKAN JANIN ATAU ABORSI KANDUNGAN4 TRIK CARA MENGGUGURKAN JANIN ATAU ABORSI KANDUNGAN
4 TRIK CARA MENGGUGURKAN JANIN ATAU ABORSI KANDUNGAN
 
Enhancing Business Visibility PR Firms in San Francisco
Enhancing Business Visibility PR Firms in San FranciscoEnhancing Business Visibility PR Firms in San Francisco
Enhancing Business Visibility PR Firms in San Francisco
 

Snapchat Marketing Management Presentation

  • 1. SNAPCHATM A R K E T I N G M A N A G E M E N T P R E S E N TAT I O N GROUP 9 ADARSH KUMAR AGARWAL AYUSHMAN SINGH RATNU ARNAV MAHAJAN ANWESH RAAJAN RAHUL PRUTHI MOHIT JAIN LIFE'S MORE FUN WHEN YOU LIVE IN THE MOMENT
  • 2. INTRODUCTION Snapchat is an advertising Company which Markets itself as a camera company It emphasizes on Augmented reality and Virtual Stickers Snapchat was developed by Evan Spiegel, Booby Murphy and Reggie Brown. Its main motive was to capture every moment of life in fun and beautiful ways using mobile phones. It enhances employee engagement by creation of employee resource group and providing work life balance. Along with the camera it offers other Snapchat specifications like filters, bitmoji , live location ,etc.
  • 3. PESTLE FRAMEWORK POLITICAL FACTORS • Government Policy • Political Stability • Corruption ECONOMIC FACTORS • Economic Growth • Exchange rate • Interest rate SOCIAL FACTORS • Population growth • Age distribution • Career attitudes TECHNOLOGICAL FACTORS • Technological incentives • Levels of innovation LEGAL FACTORS • Discrimination laws • Antitrust Laww • Employment ENVIRONMENTAL FACTORS • Weather • Climate • Environmental Policies Tools to evaluate the impact of various macro environmental factors on the products, services or the organisation as a whole .Factors affect the shape, strategies, competitive landscape and overall profitability of the company.
  • 4. PORTER’S FIVE FORCES Threat of new entrants • WEAK • Economies of scale difficult to attain • Strong product Differentiation • Capital Cost: Advertising and R&D • Government Policies: Licensing and Legal requirements Threat of substitutes • HIGH • Any social media app is a substitute to it • Only think needed is a good product differentiation • Tiktok, Instagram Bargaining power of customers • HIGH • Product differentiation is high • No cost involved in switching Bargaining power of suppliers • HIGH • Low switching cost • Competitors offering same product Competitive rivalry • HIGH • Number of competitors less and large: Not move from industry • Growing industry: Not capture of each other's market share • Product differentiation: Easy to copy • High investment: high exit barrier
  • 5. MARKETING MIX Product • The messages and images posted - short lived. • Emphasis on frivolity of the short-lived messages - more user engagement and • Snapchat was on person-to-person photo sharing however later on add-ons like ability video sharing, video chat and saving chat were introduced • Innovative features like Context cards, Publisher stories, Custom Geofilter, Snap Map • ‘Live Story’ - the real-time images into the curated stories available to all. Price • Snapchat is a free to download • Certain premium content which can be used. • The unique freemium pricing: discounts, promotional • Publish Story: SnapAds • Discover wherein short content from publisher is displayed
  • 6. Place • Ubiquitous web-based application. • Available in 20 languages • When launched, it was compatible only with the i-phone however now it can be accessed through windows as well as android. Promotion • Interactive and detailed - details about all the products, features, use, policies be accessed • Innovative and user appealing features in their products. • Advertising campaigns - innovative, exciting and fun attracting lot of followers • All the data related to the advertisements like verification, view ability, reach, resonance and reaction.
  • 7. SEGMENTATION The segment that Snap.Inc or any Such Social Media applications use is the young cell phone user who are tech savvy and aware of the latest trends of technology. The technology and the working of Snap.Inc is to create a fun interface wherein you click pictures using the “Snapchat Camera” and share it with your friends wherein it will disappear after a while and you have the option of saving the picture on your phone like a normal photograph. The whole application was created keeping the Gen Z and its usage of technology. Key traits of the segment selected by Snapchat: ✓ Tech Savvy ✓ Gadget users ✓ Young and experimental • Age: 18-30 • Gen Z • High school children • College goingDEMOGRAPHIC • Snapchat has its highest penetration rate in Ireland • Countries with good internet penetration • Urban AreasGEOGRAPHICAL • Tech Savvy PSHYCHOGRAPHIC • Young and experimental • Gadget users BEHAVIOURAL
  • 8. 18- 23% 18 - 24 37% 25 - 34 26% 35 - 54 12% 54+ 2% However, there is a new story emerging. Snapchat’s penetration in the older demographics is growing rapidly. Studies show that more than half of new users signing up to Snapchat are over the age of 25. GRPAH SHOWING THE MARKET OF SNAPCHAT
  • 9. TARGET MARKETS • Snapchat targets primarily 18- 30-year- olds. By the time of its launch in India, Snapchat has faced a tough time to attract its target market due to the existence of market leader Facebook. In 2020, Snapchat gained its place in only 9% of the user base. Two major Stakeholders Business extension Demographic factors • Snapchat has projected itself as a digital marketing behemoth, enabling companies to advertise themselves conveniently. • Thus, it targets all the companies which can use social media for their brand image and advertisement.
  • 10. BRAND POSITIONING, POP, POD Snapchat is the latest social media phenomenon that taps into the interest of Indian youth primarily. Snapchat positions itself in the minds of young demographics (13-34yrs) by providing them with a platform to interact and share their lives with each other. Snapchat has tried to differentiate itself through • building of filters or lenses that would interact with more than just the face; • create lenses that interact with storefronts. • The company launched spectacles which can be paired to the Snapchat account to create stories with wide angles and save them as memories for future edits.The point-of-parity and Points-of-difference for Snapchat, across the globe and in India have been more or less the same- Snapchat has proved to be a pioneer in providing a different experience of fleeting and creative visual messaging in contrast to the monotonous experience of simple messaging or text apps as compared to its competitors.
  • 11. ANSOFF’S FRAMEWORK According to the analysis of Snap.Inc, the company just started with the mobile application in the United States, then expanded to other countries, making it “Market Development”, then Snap.Inc launched bitmoji to select people as “alpha testing”, making it “Product Development” and then launching the same for all audiences. MARKET PENETRATION PRODUCT DEVELOPMENT MARKET DEVELOPMENT DIVERSIFICATION New ProductsExisting Product ExistingMarketsNewMarkets
  • 12. SWOT Strength Software • Unique message self deletion feature Strong Base •166 m users that are expected to double in next 2 years •36% per year growth rate User Friendly • Visual Aids • Robust mobile interphase • Privacy Weakness Low stocks value • Spoil Brand image Loss of money • Diversification • Advertisements Declining Active users Opportunity Increased mobile Users Increasing demand for privacy Threat Restrictions • Some countries have banned it, this can affect its growth Continuous Technological updation SWOT analysis is very important for a company since the company might improve after knowing the opportunities and weaknesses.
  • 13. COMPETITORS Close Competitors • INSTAGRAM - Based on sharing photos and videos, the first social media site that copied Snapchat’s short story feature. • WHATSAPP - able to capture millions of people which has given them to communicate and share your friends or with groups. It also copied Snapchat’s feature of short-term stories as status. • YOUTUBE- the world’s largest video-sharing social networking site, Recently YouTube also launched short term story feature for private channels. • TIKTOK - There is plenty of stickers, filters and augmented reality features to add your videos. It is the latest competitor of Snapchat as it is set to be the most downloaded app in 2019 in India. Distant Competitors • FACEBOOK- Facebook is the largest social networking site in India and the most widely used site. It is not a close competitor of snapchat but as it allows friends and family to connect so can be considered as a competitor of Snapchat. • LINKEDIN- platform which is basically used for professional purpose. . Since it has a feature of connecting with people it can be considered as a competitor of Snapchat. • TWITTER- . Since it has a feature of connecting with people it can be considered as a competitor of Snapchat.
  • 14. COMPETITIVE ADVANTAGE FUNELEMENT Display happy and funny social experiences Short lived and casual moments INNOVATION Fresh and engaging platform Snapchat Discover New Filters PRIVACY Limited reach Display text or image for a short time
  • 15. CONSUMER BEHAVIOR • Snapchat, developed by Snap Inc. is a messaging application. • Snapchat functions on feed optimized for actual consumption of material and peers attention • The app is basically built to grab attention. • Snapchat's rivals were focused on' product streams.' • But if you open Snapchat, you'll see a list of people you're following. It's not a feed for content, even if you're scrolling. • How Snapchat attracts users is through snap, is basically a momentary must-see content. • Snapchat retains its consumers by providing different filters which keep them engaged to the app. • Snapchat has over 100 million active users. 5+ billion videos are viewed each day. 65% of the Snapchat users contribute content on a daily basis.
  • 16. CUSTOMER GROWTH • For Snapchat, according to company’s latest quarter reports, the number of users has been increasing. For the last part of 2019, the number of Snapchat users was 186 million while this no has gone up to 203 million in 2020 • In April 2017, Snapchat’s gave a statement which said “This app is only for rich people. I don’t want to expand into poor countries like India and Spain.” • The streaks feature of the Snapchat makes the customer loyal as it targets emotional connections.
  • 17. Source: Snapchat Snapchat daily active users worldwide, Q1 2014 – Q2 2020, millions
  • 18. CUSTOMER SATISFACTION Customer satisfaction for Snapchat has been an up and down curve for Snapchat. Customer satisfaction has been varied with the updates that the app has provided from time to time. • Snapchat’s Auto Advance plays has been disposed. This update allowed the customer to select which stories they wanted to see without any automatic playbacks • Customers were not satisfied by this particular update • According to a marketing company, this update caused a 10% drop among their clients. FOR INSTANCES 35% 90% 97.50% 57.50% 90% 22.50% 30% 0% 20% 40% 60% 80% 100% 120% Snapcaht Instagram Whatsapp Facebook Youtube Twitter LinkedIn App Usage of Around 200 People App Usage of People(200)
  • 19. VALUE PROPOSITION Snapchat has time restricted chats and disappearing pictures and videos Single video can last up to 10 seconds and can be indefinitely extended accordingly Updating and providing filters according to location and festivals or events helped attract more users. The feature of geo- tagging has also helped a lot for users to enjoy the app Other apps like Instagram, twitter and Facebook focus on feed first while Snapchat focused on camera first. This reduced number of steps to one tap instead of several. Snapchat
  • 20. CHALLENGES FACED For now, Snapchat has young audience, but what is its scope for future? Its hard for snapchat to prove return on investment It has less exclusive content
  • 21. SUGGESTION Focus on building new technology Standard app for Smartphone Cameras New filters and experiences for the camera app