Copy of Making Brand of VADA PAV CHAIN
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Making brand of Making brand of VADA PAV CHAINVADA PAV CHAIN
AGENDAAGENDA INTRODUCTION BUSINESS OPPURTUNITY INVESTMENT STRANGTH WEAKNESS OPPTUNITY THREAT COMPITITION INDIRECT COMPITITION MARKETING MIX SEGMENTATION TARGET POSITIONING DIFFERETIATION
INTRODUCTIONINTRODUCTION
Vada pav (Marathi: वडा� पा�व), sometimes spelled wada pav, is a popular vegetarian fast food dish native to the Indian state of MAHARASHTRA. It consists of a batata vada sandwiched between two slices of a pav. The
compound word batata vada refers In Marathi to a vada made out of batata, the latter referring to a potato. Both words batata and potato have their origin in Spanish patata. Pav refers to bread (or bun), the Marathi word
having its origin in Portuguese pão VadaPav is the quintessential snack of a local Mumbai person (Mumbaikar).
The cheapest and most easily available snack – all railway stations and every ‘galli‘ or street would have at least a couple of vadapav stalls – it’s imbibed
in the food culture of the city
So, what exactly vada pav is……….So, what exactly vada pav is……….
The vada is made from mashed potatoes seasoned by a tempering of mustard seeds, ginger, green chillies, curry leaves and turmeric. This potato mixture is then made into tiny balls, coated in a batter of gram flour and deep-fried until crisp, golden-yellow vadas are obtained. The aroma of the vadas being fried can
never go unnoticed by anybody
Why only vada pav
Finger food - no plates, no spoons, no tables, no chairs.Mobile food – walking, talking, standing, travelling, shopping.Universal appeal – potato, wheat & spices.Food for the masses – economic pricing, convenient fast food.
BUSINESS OPPORTUNITYBUSINESS OPPORTUNITY
In today's fast moving world importance of food like vada pav has increased.
Everyone wants the fast food as they don’t have time and vada pav is the better option.
And due to its taste it becomes favorite food of every one. “bhai ek wadpav dena" "Mitha chatani thoda jada dalna" " bhai.. fry kiyahua mirchi hai kya” Are the common words among us. The vada pav is also known as ‘Garibon Ki Pav Bhaji’. Priced
at Rs.3.00-Rs.8.00. and every one can afford it.
Battered and fried spicy mashed potato balls.Battered and fried spicy mashed potato balls.
Taken at: Share bazaar, Mumbai, IndiaTaken at: Share bazaar, Mumbai, IndiaVadapavVadapav
Bindaas – Jhakaas – TimepassBindaas – Jhakaas – Timepass
Vada pav form a breakfast for many of the local people of Maharashtra. It is a snack sold nearly everywhere in Maharashtra. The snack is often served at breakfast and at tea time in many of the region's small eateries. On long distance trains, it is sometimes served as well. Many railway station is famed across India for the vada pavs available from vendors on the platforms
This is the business which require less investment and gives higher returns in small time.
This returns could be further invest for growth of business.
INVESTMENTINVESTMENT
Initial investment is lessPlaceMachinery ManpowerRaw material
STRENGHTSTRENGHT
WEAKNESSWEAKNESS
OPPORTUNITYOPPORTUNITY
THREATTHREAT
CompetitionCompetition
NEW PLAYER
INDIRECT COMPTITIONINDIRECT COMPTITION
MARKETING MIXMARKETING MIX
PRODUCTPRODUCT
Core product- VADAPAVProduct Variation: Variety in products
Chole vada pavVada usalCheese vada pavcontinuously innovation of products
PRIZEPRIZEThe most important part of marketing mix Price determines profit of the productPricing decisions should take into
account profit margins and the probable pricing response of competitors. Pricing includes not only the list price, but also discounts, financing, and other options such as leasing
• Special offer such as happy meal ,Value meal
Combo meal
Prize for simple vadapav is 6 rupees.
For various types prizes varies accordingly
e.g. for cheese vada pav prize is 10.00 rupees
Or for shezwan vada pav its 20.00rupees
PROMOTIONPROMOTION
PLACEPLACE
Fully owned outlets :- Directly selling from main shop
Franchise owned outlets that does selling from different places
Product should be available to the customer at the right place, at the right time and in the right quantity
Offers hygienic environment good ambience and great service
PACKAGINGPACKAGINGPackaging should be attractiveShould be hygienicShould be simple to openDurable
Summary of marketing mix
Product
Prize Promotion
Place Packaging
Functionality
Appearance
Quality
Brand
Service/
Support
List price
Discounts
Allowances
Channel members
Channel motivation
Market coverage
Locations
Service levels
Easily accessible
Hygienic
Home delivery
Attractive
Hygiene
Simple
Durable
Clean
SEGMENTATIONSEGMENTATION Demographically :-
1]Cater to kids
2] youth
3]Urban upper & Middle class families.
Geographically :-
1]Mostly in urban towns and cities
2]Later to be open in 2 and 3 tiers cities
3]Mostly situated near station, malls, school, college, dependent franchises, commercial places like office areas etc.
Psychographic:-
1]Place to sit comfortably and having some conversation
2]Place for Business
TARGETING POSITIONIG TARGETING POSITIONIG DIFFERENTATIONDIFFERENTATION
TARGET MATKETS Initial focus on Metros, Malls, Multiplex, stations & colleges, business town
(like nariman point, BKC) Exposure to verity in vada pav. Target people is younger people. (office, college, school, worker.)
All Income Groups.
POSITIONING “Bindaas – Jhakaas – Timepass” “Quality hai to sirf … vada pav hai.” “You test it…. you love it”
DIFFERENTATION Highlighting Brand, Food & Variety Quality Test
CONCLUIONIn today's world everyone is in
hurry and busy. No one is having time to even have food. Everyone is looking out for fast food. And vada pav is the best option for them as every one loves vada pav. If given good quality and hygiene vada pav can make good business
Bibliography
www.google.comwww.jumboking.comMarketing management book by
Philip Kotlarwww.scribe.comwww.goli.com
Thank you