THE USE OF NEW WAVE MARKETING TO FORMULATE MARKETING STRATEGY OF A NEW ONLINE BUSINESS CASE STUDY PAMPERPOP.COM
- LanguageENG
- URLhttp://db.koreascholar.com/Article/Detail/355352
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Pamperpop is a new online platform based in Indonesia that connects beauty and personal care service providers to the end customers. The business idea was triggered by Zomato, an online platform for restaurant search and discovery service. There are some competitors in the market who provides services alike Pamperpop, but they are all new players who still building their customer base. This condition puts Pamperpop in a fierce competition and forces the company to be innovative in penetrating the market.
Considering the nature of this business, there are two markets to be penetrated by the company. First market is the service providers who will become the tenant, and second market is the end customers who will become the user. Pamperpop has done some marketing activities to enter both markets; however the results were far from expectation. The acquisition rate did not meet target from management. Pamperpop really need to revisit their marketing strategy in order to stay competitive in the market.
This article describes the analysis on the business issues faced by Pamperpop especially problems in the market penetration. Author identified the root issues by using Porter’s 5 Forces, Business Model Canvas, S-T-P analysis, and Marketing Mix. Authors found that management focus on the product development rather than identifying customer needs when building this business. This created some gaps in the marketing strategy to penetrate the market.
The New Wave Marketing framework is chosen to formulate the new marketing strategy since it is suitable for technology and internet based business model that has horizontal communication in nature. The New Wave Marketing approach refines the existing business model to introduce clear positioning and strong differentiation in the market. The solution’s set aims to achieve Low Budget and High Impact marketing techniques with the combination of Above-The-Line and Below-The-Line approach.