MitiMeth Real 2
MitiMeth Real 2
Strengths Weaknesses
Strong brand identity: company is well Small range product: Company's product range
known for its handcrafted/handmade is limited when compared to some of its
products made from natural materials, its competitors.
focuses on sustainability and social
High price levels: Company's products are
result, and its unique designs.
priced at a skimming price in the
High brand awareness: Company has a market, which may restrict the potential
strong brand recognition in Nigeria and is customers.
expanding its presence into global markets.
Limited distribution: Company's products are
Retain customer base: Company has a retain not distributed at large.
customer groups who appreciate the brand's
Lack of brand recognition in global
value creation to quality, sustainability, and
markets: Company is still relatively unknown
ethical and social practices.
by some global consumer markets.
Ethical resourcing practices: Company
sources its materials social environment
friendly and works with good trade partners.
Opportunities Threats
Growing demand for sustainable Increased competition: The handicraft market
products: The demand for sustainable is becoming increasingly competitive, with
products is growing globally, which presents new brands entering the market all the time.
an opportunity for Company to expand its
Price sensitivity of consumers: Consumers are
market share.
becoming increasingly price-sensitive, which
Growing interest in ethical fashion: There is could put pressure on Company's margins.
a growing interest in ethical fashion among
Changing consumer preferences: Consumer
consumers, which aligns with Company's
preferences are constantly changing, which
brand values.
could make it difficult for Company to keep up
Expansion into new markets: Company has with demand.
the opportunity to expand into new
Economic downturns: Economic downturns
markets, both domestically and
could reduce consumer spending on non-
internationally.
essential items, such as handicrafts.
Development of new product
lines: Company can develop new product
lines to appeal to a wider range of
consumers.
2 Objectives
Product Design: The handcrafted items of the company are distinguished by their excepti
onal quality, distinctive designs, and utilization of natural materials.
The company can preserve its brand identity and attract customers from all around the w
orld who value traditional craftsmanship and sustainable materials thanks to its continuo
us design approach.
Brand Values: The company upholds a persistent dedication to social empowerment, fair
trade methods, ecologically friendly productions, and sustainability in all markets.
Global consumers who are looking for items that address their social and ethical issues a
re drawn to these key ideals.
The company has modified its marketing techniques to take into account cultural variances and c
ustomer preferences in particular areas, all the while preserving a strong sense of brand identifica
tion.
Language Localization: To ensure accessibility and cultural sensitivity, the company's soc
ial media posts and websites are translated into the native tongues.
Cultural Nuances: To consider regional cultural norms and preferences, the corporation a
dapts its marketing materials and communication style.
For example, the company uses various imagery, narrative techniques, and graphics to co
nnect with customers from various cultural backgrounds.
Customer Insights: To better understand regional preferences and modify its product offer
ings and marketing messaging, the company carries out customer surveys and market res
earch.
They are making decisions about production and commercialization based on these insights.
United States: The company highlights the brand's sustainability credentials and compati
bility with the expanding ethical consumerism movement in the United States.
The company aims to attract to American consumers who value quality and artisanal item
s by showcasing the distinctive designs and craftsmanship of its products.
Japan: The company highlights the brand's minimalist look and its ties to traditional Japa
nese craftsmanship in this market.
Additionally, the business highlights the social effect of its goods, appealing to Japanese c
onsumers who place a high value on social responsibility and community.
Europe: The company emphasizes the brand's dedication to sustainable production and fa
ir-trade policies in this region.
In order to appeal to European customers' appreciation of art, fashion, and culture, the co
mpany also highlights the distinctive designs and cultural history of its products.
4 Company and Its Competitors
4.1 Brand Positioning Analysis
Company occupies a distinct position in the Nigerian handicraft market, differentiating itself
from local competitors GreenLife Nigeria, Ecocrafts Nigeria, and Adire Creations through its
emphasis on sustainability, fair trade practices, and social impact. The brand appeals to Nigerian
consumers who value ethical practices, environmental consciousness, and handcrafted products
with a modern twist.
Positioning: FabIndia is a well-established brand known for its traditional Indian designs,
affordable prices, and wide product range. It appeals to a broad range of consumers
seeking authentic Indian handicrafts at accessible prices.
Minne- Japan
Positioning: Jim Thompson is a premium Thai brand known for its high-quality silk
products, traditional designs, and commitment to preserving Thai silk heritage. It appeals
to affluent consumers who seek exceptional quality and traditional craftsmanship.
Company's Differentiation: Company differentiates itself from Jim Thompson by offering
a wider range of products beyond silk, emphasizing its focus on sustainability, social
impact, and unique designs. It also appeals to a broader range of consumers with its more
moderate price point.
FabIndia
Company
Jim Thompson
Sustainability
In the global handicraft market, Company occupies a unique position differentiated by its
emphasis on sustainability, social impact, and unique designs. While competitors like FabIndia
prioritize affordability and traditional designs, Minne showcases a diverse range of products, and
Jim Thompson emphasizes premium quality and sustainability, Company strikes a balance
between sustainability, unique designs, and moderate pricing, appealing to a wide range of
consumers who value ethical practices, environmental consciousness, and handcrafted products
with a modern twist.
FabIndia- India
Brand Positioning: FabIndia is positioned as an accessible and authentic Indian brand offering a
wide range of traditional handicrafts at affordable prices. It appeals to a broad consumer base
seeking value-for-money products that embody the rich cultural heritage of India.
Tourists and travelers seeking souvenirs that represent authentic Indian craftsmanship.
Individuals interested in incorporating traditional Indian elements into their homes and
wardrobes.
Marketing Implications:
Emphasize affordability and value-for-money through clear pricing strategies and
promotions.
Target a broad audience through diverse marketing channels, including mass media, retail
stores, and online platforms.
Minne- Japan
Marketing Implications:
Emphasize the diversity and uniqueness of products available on Minne through curated
collections, featured artisans, and personalized recommendations.
Highlight the stories and personalities behind the artisans to foster a connection between
consumers and creators.
Utilize social media and influencer marketing to reach a younger, tech-savvy audience.
Marketing Implications:
Emphasize the premium quality, exclusivity, and craftsmanship of Jim Thompson
products through high-end visuals, storytelling, and collaborations with luxury brands.
Highlight the brand's commitment to preserving Thai silk heritage through educational
campaigns and partnerships with cultural institutions.
Company
Brand Positioning: Company is positioned as a brand that balances sustainability, social impact,
and unique designs. It appeals to a wide range of consumers who value ethical practices,
environmental consciousness, and handcrafted products with a modern twist.
Consumers who support brands with a strong social impact and commitment to ethical
practices
Marketing Implications:
Highlight the brand's sustainability credentials through transparent supply chain
information, certifications, and collaborations with environmental organizations.
Emphasize the social impact of Company's products by showcasing the stories of the
artisans and communities involved.
Target a diverse audience through social media, influencer marketing, and partnerships
with brands that align with Company's values.
Focus Groups: Focus group discussions in Japan revealed the importance of minimalism,
craftsmanship, and cultural heritage to Japanese consumers. Company adapted its
marketing materials in Japan to emphasize the brand's minimalist aesthetic, its connection
to traditional Japanese craftsmanship, and its commitment to preserving cultural heritage.
Industry Reports: Analysis of industry reports revealed that the demand for handcrafted
products is particularly strong in emerging markets, particularly in Asia and Africa. This
insight guided Company's expansion strategy, focusing on developing partnerships and
marketing efforts in these regions.
Consumer Insights: Gathering data from consumer behavior studies and market research
reports in different countries allowed Company to understand the unique preferences and
purchasing habits of consumers in each market. This information was crucial in adapting
product designs, marketing materials, and pricing strategies to suit local tastes and
expectations.
United States: Based on survey findings, Company partnered with American social media
influencers who aligned with the brand's values and had a strong following among young,
socially conscious consumers. These collaborations helped amplify the brand's message
of sustainability, ethical practices, and unique designs to a relevant audience.
Europe: In response to the growing preference for fair trade practices in European
markets, Company highlighted its transparent supply chain and its commitment to fair
trade in its marketing campaigns. The brand also collaborated with fair trade
organizations and local artisans to showcase the positive impact of its products on
communities and the environment.
5 Integrated Marketing Communication Strategies of Company
5.1 Social Media Advertising
Employ focused social media marketing efforts to connect with adolescent consumers on sites
like Instagram, TikTok, YouTube and Facebook.
With the help of these platforms' exact targeting options based on online behavior, interests, and
demographics, the company may send customized messages to its target market.
Instagram Advertising:
Create visually striking ads that showcase the brand's unique designs, environmentally
responsible materials, and positive social impact.
Use Instagram Reels and Stories to entice younger viewers with engaging, short-lived
content.
Collaborate with Instagram influencers who align with the company's brand values and
have a substantial following among millennial consumers.
TikTok Advertising:
Snapchat Advertising:
Develop Snapchat Lenses that let customers engage digitally with the brand and merchan
dise of the company.
Make use of Snapchat's Discover feature to highlight the company's sustainable efforts an
d to present behind-the-scenes content.
Why Work together with Snapchat influencers who can imaginatively include the
productof the company into their stories and filters.
Influencer Marketing
Engaging influencers on social media who share the company's values and have a large
following among younger consumers can greatly increase brand exposure and engagement.
• Find influencers who share the brand's enthusiasm for sustainability, moral behavior, and
distinctive designs and who connect with the target market.
• Work together with influencers to develop innovative campaigns that present the company's
goods in a genuine and captivating manner.
• To establish credibility and trust with young consumers, encourage influencers to share their
personal experiences with the company's products and brand.
• Blog posts that highlight the brand's ecofriendly initiatives, tell the stories of the artisans who cr
eate the company's products, and draw attention to their unique designs.
• Videos: Produce quick movies that capture the spirit of the business.These videos ought to feat
ure product demonstrations, behind-the
scenes glimpses, and stories about how the brand's stuff has influenced people
Pop-up shops: Create pop-up shops in high traffic locations where young consumers
gather, allowing them to use the company’s products.
Workshops and events: launch new workshops and events that teach young consumers
about sustainable practices and handcraft technologies.
Partnerships with cultural institutions: having partnerships with art galleries and the other
famous places helps to generate positive WOM.
My Suggestions
1. Interactive Pop-up activities:
Examples:
Examples:
• Urban art: Collaborate with street artists to paint murals in strategic areas that feature the comp
any's designs and messaging.
• Take over public transportation: For maximum visibility, brand buses, subway trains, or bike-
sharing stations with company messaging.
• Interactive projections: To draw attention, project the company's images and messaging onto str
uctures or other surfaces in busy regions.
Examples:
• Hashtag challenges: Post a branded hashtag challenge to entice users to post images or v
ideos of themselves using Company merchandise or taking part in a particular activity.
• Livestream Q&A sessions: To engage viewers and tell the brand's story, hold live Q&A
sessions with the company's designers, craftspeople, or social impact partners.
Collaborations with influencers: To generate captivating content and increase brand expo
sure, collaborate with social media influencers who share the company's values.
By operating these advertising programs and leveraging social media, influencer marketing,
content marketing, and experiential marketing, Company can effectively create global awareness
among young consumers, building a strong brand presence in key parties.
Video Advertising: launch video advertising platforms such as YouTube and Pinterest to
shiw Company's brand and products related contents.
Search Engine Marketing (SEM): identifying main keyword can helps to increase the
organic search results
Social Media Presence: establish strong social media presence by using most famous
social media like Facebook, Instagram, TikTok and YouTube.
Email Marketing: build a strong email marketing campaign and make the list out of it to
send relevant product and brand messages.
Influencer Marketing: align and partnering with strong influencers who have strong
trustworthiness towards the Nigerian consumers.
Customer Reviews and Testimonials: make sure your satisfied customers to leave positive
reviews and comments on the websites and social media and share their experiences with
the brand.
User-Generated Content (UGC): motivate customers to share their own photos, videos,
blogs, and hashtags.
7 Gantt Chart
Objective 1: Increase Brand Awareness
- Do research on the
Marketing &
Following new 2024-01-15 2024-02-29 $5,000
competitive prices
Sales Team
pricing
- based on the target group
adapt the pricing strategy
Expand sales
- establish an online outlet
and
- having strong partnering
distribution
with suppliers
channels:
8 References
A., R., 2023. Handicraft Industry in India. India Handicrafts Market Analysis Report 2023-2028: Industry
Size, Share, Trends and Forecast.
Anon., 2012-2017. Sustainability in the Handicraft Industry. Ethical Fashion Forum Projects.
Anon., 2021. "Company: The Eco-Friendly Fashion Brand Empowering Women in Nigeria" - Vogue
Scandinavia (2021). [Online]
Available at: https://sight-management.com/en/news/elliot-meeten-on-the-cover-of-vogue-hommes-
ss18
[Accessed 28 November 2023].
Anon., 2022. "Company: A Nigerian Social Enterprise Goes Global" -, s.l.: Ivey Publishing .
Gupta, A., 2018. Ken Research. Thailand Logistics and Warehousing Market Research Report to 2022:
Ken Research.