Monday, 26 September 2011

SEC classification of Bollywood Stars!!!

As a pact between us (me & my co blogger) we had principally decided that we would discuss about anything but Bollywood. We were quite clear from the beginning that the entire purpose of blogging was dissemination and sharing of knowledge pertaining to marketing & branding(that sounded so preachy!! never mind).The idea was to weave in the concept of marketing & branding in whatever damn thing we would discuss on this blog.


However having born in a country which thrives on cricket & Bollywood how could I be an exception? So strictly following the DNA of the blog,I thought of exposing our readers to the concept of SEC classification by citing real life or rather reel life examples from Bollywood. This might sound vague, but this very analogy challenges the existence of the age old marketing concept.


The SEC Classification (also called the Social Economic Classification) is a classification used by surveyors, market researchers,media and marketing companies in India to categorize consumer behavior. SEC is primarily determined by 2 factors:


1.Educational level of the Chief Wage Earner of the household
2. Occupational level of the Chief Wage Earner of the household


For a better understanding you may refer to the latest SEC grid used by the marketers as shown below.
Latest SEC Grid from one of the leading management consultants
  Based on the above grid the country's population is divided into 3 classes:
1.Upper most segment of the consuming class -A1,A2 &B1
2.Middle segment-B2 & C(concentrate on this segment since the climax is related to this segment)
3.The lower most segment-D, E1 & E2

Enough of Gyaan I guess. Cut to Bollywood. Now this is where I have my doubts. If the above information holds true for a population of 1,210,193,422  then our Bollywood stars should be no exception right? Look at some interesting facts below:








Saif Ali Khan - Educated at Winchester College, an independent boys school in England.








Aamir Khan - Bachelor's Degree in B'Comm from NM College, Mumbai






Hrithik Roshan – Bachelor's Degree in B'Comm from Syndeham College, Mumbai






John Abraham - MMS from Mumbai Educational Trust (MET)






Aishwarya Rai – 12th from Ruparel College, Mumbai (She was studying architecture at the Rachana Institute when the Miss World contest happened)





Preity Zinta – Graduate in criminal psychology





Bipasha Basu – A Commerce Graduate, she was planning to study for CA when she became the Ford Supermodel of the World





Kareena Kapoor - Did a course in Information Technology and Microcomputers from Harvard. Studied law for a year but left to focus on her acting career.





Priyanka Chopra – Completed 12th from Army Public High School (Bareilly). Began her graduation course from Jai Hind College in Mumbai but left after winning Miss World.

So based on the above SEC grid Priyanka Chopra & Aishwarya Rai would fall under SEC B2 (this is taking into account their education qualification as HSC and considering Bollywood celebrity as self employed professionals).

Now practically speaking everybody knows that the SEC of a person is directly proportional to the income he or she earns. These Bollywood beauties charge an average of Rs.3.5 crore per endorsement(Source: Percept Talent Management) & an equal amount for featuring in one movie. 

Even if we decide to overlook the money they make from public appearances which range  from performing at a politician's daughter's wedding to being judge of a reality show,they still wouldn't qualify as SEC B2.

I wonder which SEC grid are the marketers of brands like Gucci, Fendi & Prada using to classify their TG?.However I am sure they would figure that out coz,bloody we are marketing guys yaar!!


Sunday, 18 September 2011

The Sphere of Marketing


Serving in the Marketing function & having a descent understanding of the term, “Marketing” from Gurus all over the world, it still surprises when the term marketing is used by surrounding people in their day to day life so very often. Working in the FMCG industry for a last couple of years, it just made me realize how the 4P’s of Marketing have been evolved over last few decades. Going beyond the science & dna of Marketing what surprises me is the use of word Marketing in the day to day life by people surrounding you. More than a mere definition the value, perception and whole angle of understanding Marketing has changed amongst the general audience.
Let me share a few insights on the perception of the term MARKETING:
So here it goes........
I have put Marketing into various clutters as per the understanding of common man in his daily life, so the realm of Marketing will no more be the same to Professional in Marketing. It starts with the rising sun and ends with the moon setting on the horizon.
Everything is Marketing: it starts with the house maid getting groceries from local kirana store, “The store owner is doing so much Marketing that it is becoming difficult to get daily needs at a good price”. The reference made here was the renovation done at the store which was directly / indirectly related to hike in prices.
Local daily transport: Getting an auto rickshaw which going to office is become like winning a lottery these day, at least in the western suburbs of Mumbai. In a casual conversation with one of the auto rickshaw drivers I was told that morning Marketing activities by local fishermen made the transportation unavailable. What was meant that the fishermen use to transport their daily stock which resulted in unavailability of transportation.
Buying of house hold requirement: What is outside stems from inside. Typically any purchase related activities meant for house hold activities is coined under Marketing. So it can be anything as simple as buying 1kg pack of sugar for that matter!!!!.... I am sure this angular shift will take best of Purchase managers for a toss.
So I fail to understand and anticipate the structural change Marketing has gone through & the time has come when the Global Marketing Guru’s need to revise the definition of Marketing beyond 4p’s.

Monday, 12 September 2011

Marketing Professionals the least sought after life partners!!!

 Me and my co-blogger had been contemplating for past one week on what should be the topic for our first write up. Being overtly creative we both could not arrive at a consensus on the topic to be chosen. Until i came across a article in one the leading dailies(read TOI).

Apparently there was a survey done by one the leading matrimonial search engine(till this point I only knew of the BIG THREE search engines. Thanks TOI for educating me) . The sample size was 5000 respondents and the methodology adopted was Quantitative research (this is 4 d uninformed who are unaware that survey forms a part of the quantitative methodology). Some interesting facts from the survey are as under:



1.50% women chose finance professionals over software professionals as their preferred life partners

2.  80% of the women are willing to work after marriage

3.
50% of them might call it quits after having a child (not sure if this 50% is from the above 80% or is it independent of the above)

4. Nearly 70% of the women expected their spouses to earn between `50,000 and 1 lakh per month

5.  Almost 20% wanted to marry a man earning more than `1 lakh per month(again not sure if this 20% is from the above 70% or independent) 

6. And this one was the final nail in the coffin ' Marketing Professionals were the least sought after life partners'

Even though the sample size was small I was quite convinced that its is quite representative in nature since the findings are bang on. My mom on reading this article immediately started shouting ' Finance pannu da entna dara sonnen'(which meant I urged you take finance as your major, in my mother tongue)

But I still believe otherwise coz, Bloody we are marketing guys yaar.