Acquisition project | Indifeet
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Acquisition project | Indifeet

Product | Indifeet - Women Footwear Brand

Elevator Pitch: Indifeet is a women footwear brand offering high-quality and fashionable footwear for those seeking comfort at their doorstep. Committed to sustainability and cruelty-free practices, we cater to every occasion, ensuring that fashion meets ethical choices that empower our customers to invest in their style without compromise. We bridge the aspirations of wearing functional footwear at an affordable pricing with no compromise on comfort and fashion.


Core Value Proposition

Brand's core value proposition is to sell women footwear with luxurious comfort and unique designs for customers who value convenience.


CVP

User Characteristics

How do we provide for?

Conscious Comfort

Middle Aged Women seeking comfort

Indifeet is committed to offer a curated collection of fashionable women footwear who prioritize fashion and comfort at a conscious price of sustainability

Modern Affordable Fashion

Young Women with aspirations of fast fashion products

Our core focus lies in combining style and affordability ensuring that our customers can step confidently into the world of fashion

Holistic Variety

Footwear Enthusiast looking to buy footwear regularly

We achieve this by meticulously selecting materials, optimizing our supply chain and leveraging our design expertise to provide holistic and comfortable options frequently

Products Offered by Indifeet

Our target is mid segment women footwear with pricing ranging between INR 1000 to INR 3000; What sets us apart from our competitors is that we provide all categories of women footwear that adds in comfort and covers target audience of all adult age bracket. Currently we offer major categories under women footwear like:

  1. Flats - This category covers options for all occasions such as casual, everyday, party, evening, semi-formal etc. One can find variety of sole options as per their comfort ranging from TPR, PU, Cork, Rubber etc.
  2. Heels - This category is filled with variety such as Platform heels, Flatform heels, Kitten Heels, Block Heels and Basic comfort heel. In this category we cover our women from everyday to party, ethnic to casuals.
  3. Clogs - While this category is largely dominated by Crocs, we have introduced Indian made Clogs available in vibrant colors and sizes all at an affordable pricing. This has been the most loved category by our customers across platforms and has received positive feedback. From basic casual look to chunky clogs in multiple color options and charms.
  4. Ballerinas - From mesh to fabric, chunky formals to rubber casuals we offer ballerinas of all kinds to cover all target audiences.
  5. Juttis - We have a variety of juttis/ mojaris made available from handcrafted artisans of Punjab for our customers. These are made available in vibrant colors to make any evening for our women colorful
  6. Sliders & Flip Flops - A perfect match to any loungewear for women, our rubber Sliders and Flip Flops are available in various designs and pastel shades to match any outfit.
  7. Sneakers - We had introduced chunky sneakers in the past and right now working on some artistic digitally printed sneakers which are in the making for launch.

Online Presence of Indifeet

Indifeet is providing women footwear across categories and occasions currently selling through online channels such as company's website and marketplaces to name a few Amazon, Flipkart and Ajio. They deal with SKU bundle of 100+ products available in different colors and sizes. Brand's website is available on mobile and desktop web.

Google search on the brand is optimized with the website link directly. There are no sponsored ads being run on the brand. Here is the screenshot of web search on desktop.

image.png

On search of brand's review and user feedback, reviews were mainly posted on marketplaces like Amazon and Flipkart. As the brand is in early stages, count of reviews on Amazon is limited however out of 88 products listed on Amazon, 31 products have reviews of 4 star and above.

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One of the top selling product had the following review on Amazon:

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Indifeet also has good presence on Flipkart. Overall seller rating of Indifeet on Flipkart is 4.6. Here is the screenshot:

image.png

Understanding Users

Here are the insights from interactions done with Indifeet customers who have purchased product in the past from our website. Overall feedback from our existing set of customers is aligned with the core value proposition. With additional categories we are able to attract larger audiences and give them exclusive collection.

User Profile


User Name

GX Member

Top Insights

Age

Gender

City

Type of User

Living Situation

Occupation

Trigger to Usage

Web Experience

Natural Frequency

Source of Awareness

Hema Chakrabarthy

No

Brand loyalist and loves to buy from Indian Brands; Positive feedback so can push to share her experience with her friend circle

 30-35

 Female

 Bangalore

 Married

Lives with her Husband

 HR Manager at Brigade Enterprises

Organic google search on Indian Brands for women footwear

 Easy to use; Visually Appealing; Satisfactory

 Once in 6 months

 Google Search

 Jesusya

No

Active on social media and has trusted the brand through Ads to make a decision to buy the product; She liked other collection as well so can explore to target her and circle of influence through paid ads

18-25 

Female 

Mangalore 

Single 

Lives with her parents

Social Media Executer 

Paid Ads - Visited our website using Instagram Ads. Action to click was triggered by the marketing pitch and ad creative

Good; Intuitive; Visually Appealing; Satisfactory

 Once in 6 months

 Instagram

 Pranjal Pathak

No

Found us on Marketplace and took the effort to search our website; She is an influencer as she convinced 2 other friends to buy; Overall positive feedback so can work on referral strategy

18-25 

Female 

Delhi 

Single 

Lives with her parents

MBA Student 

Through marketplace, visited our website to use the Notify me feature for out of stock products

 Good; Easy to Use; Needs Improvement

 Once in 6 months

 Marketplaces

 Sampath Ramanuja

No

Male who found our ads through Instagram and liked the product. He bought it for his wife first and then re-ordered for his mother. Eye-to detail person who remembered the design and color options for the footwear purchased

30-35 

Male 

Hyderabad 

Married 

Lives with his wife and mother

Not known 

Ad creative and product features

 Good; Satisfactory

 Once in 6 months

Instagram 

User Interaction

Date of User Call

Name of the User

Which Objective did you focus on?

What did you learn?

Call recording link

 24th October 2024

Hema Chakrabarthy

Acquisition Strategy - Insight on website search

 She got to know about our brand through Google and has ordered thrice since 1.5 years; She has been a loyalist to our brand and was very happy with the products offered as per her sizing/ color options and comfortable at affordable pricing; Next Steps - Would like to get her reviews on website and run referral strategy for her next buy as she intended to buy another footwear and capitalize the positive feedback

 https://drive.google.com/file/d/1nt23fKyIdwtfwz6ZAn1n3aLLBVPBLaCe/view?usp=drive_link

 24th October 2024

 Jesusya

Acquisition Strategy - Insight on what helps user to convert

 She came on our website through Instagram Ads and was happy with the customer buying experience on the website; She liked the product and was satisfied with the sizing. She also liked our overall collection and was attracted to other products. Next step is to run ads in the influence circle to monetize from such feedback

 https://drive.google.com/file/d/1yJQpZwaHZajyIkaxihIZUOiv65uZx9Z7/view?usp=drive_link

 24th October 2024

 Pranjal Pathak

Acquisition Strategy - Specific insight on the landing page

 She found us on Ajio and since the product was out of stock, she went to our website and used the Notify Me option to get a reminder; Once it was restocked, she had placed an order and also referred to her friends who have purchased as well from our website; Website buying experience was seamless; She had a feedback of more collection requirement in formal category

 https://drive.google.com/file/d/16faDaWoignpq9lZ5rp_I6eoRq221WANk/view?usp=drive_link

 25th October 2024

 Sampath Ramanuja

Acquisition Strategy - Understanding the bragworthy proposition 

 He ordered feather from our website which he caught through Instagram Ads for his wife. He was quite impressed with the product and once he received it he reordered for his mother. He also demanded for similar products more on our website. Very impressed with the comfort of the product.

 https://drive.google.com/file/d/19dBjKFpaeLcqqXcYePWnXWdYM__1Rrmr/view?usp=drive_link

Ideal Customer Profile

Below is the ICP Prioritization Framework

Criteria

Adoption Rate 

Appetite to pay 

Frequency of Use Case 

Distribution Channel 

TAM 

Middle Aged Married Working Women - Hema Chakrabarthy

 High

 Medium

 High

 High

 High

Women early in their career in Tier 2 cities - Jesusya

Moderate 

 Medium

Low 

Low 

Medium 

Single young women about to start their career after pursuing higher education like MBA - Pranjal Pathak

High 

 Medium

Medium 

High 

High 

Males looking to buy for their partner/ mother - Sampath Ramanuja

Moderate 

Medium

Medium 

High 

High 

From the above table, based on the adoption Rate, Appetite to Pay, and distribution potential, we can narrow it down to 2 ICPs -

  1. ICP 1 - Middle Aged Married Working Women
  • For this ICP, comfort and convenience is the key. They value money and do not intend to spend recklessly but understand the clear difference between highly expensive branded products vs products priced premium for the value it offers.
  • These women are not looking for trending fast fashion but are looking for elegant designs and focus more on functionality of the product
  • They value time and effort in the midst of their hustle bustle of managing work and family. Hence they prefer buying online
  1. ICP 2 - Single young women about to start their career after pursuing higher education like MBA
  • For this ICP, they are looking for some unique designs which makes them stand out in their new corporate career. They look for something that adds to your confidence as they start a new job
  • These women look for comfort as it is a matter of being a part of new social circle at work. This can be a factor for them to create the right first impression to their new colleagues
  • These women are willing to shell out extra than their regular budget as these are the first time buy for a new job so buying anything in the range of INR 2000 to INR 3000/- as they are starting a new job with income levels of INR 12LPA+ (Tier 1 City with Masters degree)

Basis the shortlisted ICP, here is the detailed profiling of these customers:


 Criteria

ICP 1 - Middle Aged Married Working Women 

ICP 2 - Single young women about to start their career after pursuing higher education like MBA 

 Name

 Hema Chakrabarthy

 Pranjal Pathak

 Age

 35

22 

 Demographics

Female; Working HR Manager; Lives in Bangalore;

Female; MBA Student and Working; Income 12LPA+; Lives in Delhi

 Need

Comfortable Slippers for Casual wear

 Formal footwear for new job in office

 Pain Point

 Looking for comfort and also not compromising on the fashionable look; She has a small size wherein she always struggles to find unique designs and color options available! Also what is available in market in her size is very expensive in exclusive brands!

 No unique footwear available to match with all her formal wear; Gives her a unique identity in office to build her confidence

 Solution

Feather Collection on Indifeet

Formal collection from Indifeet

 Behaviour

Very Active in her social circle of friends - Kitty Parties, Social Events etc.; Values convenience and quality over quick fashion trends; Very active on various groups on Facebook. Not a very brand conscious due to social circle influence and believes in trying out new brands and products.

Looking for quality in value spent; Very Active on social Media mainly Instagram; Has a close net of friends who she takes advice on for all her prompt buys; Values sustainability; daily commute to office;

Perceived Value of Brand

Feather collection promising all what she is looking for in a product; Minimal handwork with comfortable sole;

Indian sustainable brand which prompts her with comfortable footwear and amazing product pictures

Marketing Pitch

From your daily chores to active social circle meets, our feather collection is a perfect blend to your attire without compromising on the comfort that it provides.

Must haves in your wardrobe for your daily office commute; Chunky sole Moccasins which will stand you apart from the crowd and build your confidence when you walk in that meeting room!!

Goals

Website purchase

​Action to visit website's formal collection

Frequency of use case

6 months to 1 year

6 months to 1 year

Average Spend on the product

INR 2000/-​

INR 2500/-​

Value Accessibility to product

Feather collection is available in neutral shades of brown and grey blending with any attire for middle aged women; Easy returns and exchange

Free shipping and 7 day exchange/ return with no questions asked; Enter your pin code to find out the delivery timeline;

Value Experience of the product

Light weight product with comfortable fit; Truly worth the money spent​

Moccasins available in neutral beige, all black and brown color which will blend with all her formal outfits; Product is worth the money as it is comfortable and fashionable

Understanding the Market

As evaluated from extensive search on google and various articles, here are the top 3 competitors of Indifeet

  1. CAI Store
  2. Monrow
  3. Chere

Here is the detailed understanding of these competitors:


Factors

Indifeet

CAI

Monrow

Chere

What is the core problem being solved by them?

Curated collection of ethical footwear across categories with focus on comfort and pricing

Non leather footwear to the trend conscious at affordable pricing

Vegan fashionable footwear which provides comfort

Fashionable footwear

What are the products/features/services being offered?

Collection varies from flats, heels, wedges, ballerinas, moccasins, juttis, flip flops, clogs, sneakers all available in multiple colors and inclusive sizes.

Their collection ranges from open and closed flats to heels and wedges, sneakers, bags, loafers and boots

They are available in sneakers, wedges, ballerinas, heels and boots

They are available in heels, flats, wedges and sandals

Who are the users?

All adult females anywhere between the age of 18 to 65;

Young and middle aged females between the age of 18 to 45;

Their products are inclined towards young and bold females between the age of 18 to 35;

Young and middle aged females between the age of 18 to 45;

GTM Strategy

Conscious buyers looking for comfort at affordable pricing

Conscious buyers looking for comfort at reasonable pricing

All kinds of fashion footwear for women at reasonable pricing

Fashion-forward footwear and bags

What channels do they use?

Website; Marketplaces - Amazon, Flipkart, Ajio. Plans to get listed on Nykka and Myntra

Website; Marketplaces - Amazon, Flipkart, Myntra; Retail Stores in Mumbai, Ahmedabad and Delhi

Website; Marketplaces - Amazon, Flipkart, Myntra; Tied up with retail stores in 9 cities

Website; Flagship store in Vapi Gujrat; Tied up with Shoppers Stop; Marketplaces - Amazon, Flipkart, Ajio, Tatacliq etc.

What pricing model do they operate on?

Mid segment women footwear ranging between INR 1000 to INR 2500

Mid segment women footwear ranging between INR 1000 to INR 4000

Mid segment women footwear ranging between INR 1000 to INR 3000

Mid segment women footwear ranging between INR 1000 to INR 4000

How have they raised funding?

Bootstrapped with no external funding.

Influencer Masoom Minawala has invested in CAI which is a strategic investment - 16L

Has raised $2.31M in 3 rounds.

https://tracxn.com/d/companies/monrow/__sCh7pVm9PGXB6wK-ZT77_FOYI-aEuvqlj5eYCC1uv8A#:~:text=Overall%2C Monrow and its competitors,funding rounds involving 70 investors

.

No data available as yet; However there are investment pitches available online for 1Cr.

Brand Positioning

Brand is positioned to provide all the women footwear needs with comfort and convenience. Stands by the ethical choices of sustainability and conscious mindset.

Brand is positioned for conscious buyers looking for trending fashionable footwear; Also their retail stores presence is increasing thereby reaching out to audiences offline to spread brand awareness

Brand is positioned around Founder Veena Ashiya targeting customers looking for comfort and fashion. They have spread across country by tying up with retail stores and also strategic partnership with Shoppers Stop Online

Brand is positioned to meet the gap of mid segment fashionable footwear without compromise on quality and comfort at an affordable pricing

What is your product’s Right to Win?

We want to target all age brackets women adults by giving products with comfort and quality.

Their focus is on trendy footwear which is attracted by young women;

Their footwear designs are very similar and with a unique fashion statement; May not fit into all kinds of user categories;

Their designs are inclined towards fashion more than comfort features which are not being displayed on their products

What can you learn from them?


Strategic growth and first mover advantage in fashionable footwear;

Strategic growth and balance of online and offline presence of their brand.

​Luxurious presence of the brand and images

Market Size

TAM (Total Addressable Market)

To arrive at TAM for Indifeet, we have taken a top down approach with some statistical data available online.

Step 1 - To estimate the overall total potential customers:

  • Footwear Industry Size - As of March 2024, the overall Footwear Market Size was $28.2B.
  • Potential Users - Out of the total Industry size, women segment is attributed to 42% of this market size and balance is shared between Men and Children which narrows down the market potential to $11.84B

Step 2 - Define Potential Customer Segment - Our target will be currently limited to only online distribution as we do not have any retail store presence

  • Market Segment - Footwear industry is broadly categorized into Boots, Business and Formal, Gym and Training, Running, Sandals and Sneakers. Sandals are open-toe footwear providing breathability and comfort in warm weather, including casual flip-flops, elegant strappy sandals, and supportive walking sandals suitable for everyday wear and special occasions. Indifeet is largely categorized under Sandals category which is 30% of the total categories bringing down the TAM to $3.55B
  • Distribution Channel - Footwear industry historically has been an offline market where users prefer to go to a shop, feel and wear the product before buying. However post covid and with growing ecommerce market places there is a change in trend of buying footwear online. With the ease of easy returns and exchange available customers are preferring online buying of footwear however there is a lot to penetrate. Currently it is estimated that 80% of the industry relies on offline channel and 20% is through online which is expected to grow at a CAGR of 19% until 2030. Considering these facts, Indifeet can target the online mode of sale of footwear toning down the applicable market size to $0.71B i.e. $700Mn.
  • Hence the overall TAM for Indifeet will be $700M

SAM (Serviceable Addressable Market)

SAM is the portion of the TAM that Indifeet can realistically serve, considering its target market segment. To tear down portion of TAM which can be serviced by Indifeet, we will look into the following metrics:

  • Pricing Segment - Indifeet is mainly targeting mid segment footwear which is priced between INR 1000 to INR 3000; Largely footwear industry is currently skewed towards mass category, then economy followed by mid segment and balance is Luxury. Mid Segment today attributes to 15% of the overall bucket which will further tone down SAM to be $105M.
  • Marketplaces - Indifeet is currently selling through Website, Amazon, Flipkart and Ajio. Marketplaces like Nykka, Myntra, Tata Cliq, is yet to capture which will limit down the SAM by let's say 30% bringing SAM to $73.5Mn

With this, SAM for Indifeet will be $73.5Mn

SOM (Serviceable Obtainable Market)

SOM is the portion of SAM that Indifeet can realistically capture, considering competition.

  • Key Market players - Today footwear industry has top key market players like Bata, Metro, Clarks, Mochi etc. who have key advantage of offline and online distribution giving customers trust and have captured huge market share in this segment. We have considered that these market players have an upper hand on account of high capital expenditure, working capital investment etc. Let's say that they hold the majority stake in this segment which is about 80%, thereby leaving a SOM of $14.7Mn

With this SOM for Indifeet will be ~$15Mn i.e. INR 1260Cr.


Designing Acquisition Channel

Channel Selection Framework

Indifeet is in Early Scaling stage and can explore the following channels for Acquisitions:

  1. Search
  2. Paid Ads
  3. Referral
  4. Partnerships (Affiliates + brands)
  5. Content Loops
  6. Social Media (Influencer Marketing)
  7. Cashback and coupons integrations


Here is the analysis of channel selection for Indifeet

  1. Channel Name

    Cost

    Flexibility

    Effort

    Speed

    Scale

    Search

    ​Low

    Low

    Medium

    Slow

    High

    Paid Ads

    Medium

    High

    Medium

    Medium

    High

    Referral Program

    Low

    High

    High

    Slow

    Low

    Partnerships (Affiliates + brands)

    High

    Low

    High

    Slow

    Low

    Content Loops

    Low

    High

    Medium

    Medium

    Medium

    Social Media (Influencer Marketing)

    Medium

    Medium

    High

    Medium

    High

    Cashback and Coupons Integrations

    Medium

    High

    Medium

    Medium

    High

  • Scaling is an important factor for Indifeet at this stage
  • We need to experiment with channels that are lower in cost and higher in scale with minimal effort which is why we have shortlisted Search and Paid Ads for Indifeet
  • Now let's look into the insights from User Calls

Insights from ICP

ICP 1 - Middle Aged Married Working Women 

  • Busy schedule in handling work and household therefore has a short span of attention
  • Spends time in searching on Google for direct results of her problems
  • Willing to spend for value for money products as comfort is paramount and also values money and not willing to overspend on high value brands
  • Possible channels:
    • Search - Google
    • Paid Channels - Instagram and Facebook
    • Cashback and Coupons Integrations

ICP 2 - Single young women about to start their career after pursuing higher education like MBA

  • Consumes a lot of content from Instagram
  • Good Influence among friends and peers (referrer)
  • Spends significant amount of time on other shopping platforms
  • Looking for fashionable footwear within affordable range
  • Possible channels:
    • Paid Channels - Instagram and Facebook
    • Social Media - Influencer Marketing
    • Cashback and Coupons Integrations

Since Indifeet is in the early scaling stage, we need to experiment with channels that are working well and then double them. In the early stage, focus will be on lower cost and high scaling. Understanding the patterns from our user calls as well, we have shortlisted Search and Paid Ads as the 2 acquisition channel for deep dive.





Organic Search

Indifeet is currently not indexed for any keywords. So the approach is to add keywords which have low difficulty and high monthly search volume. All the keywords linked to one product are being added in the "Title Tag" to rank better on SERP. Combination of Head Keywords and Long Tail Keywords are being added. We are ensuring that no similar set of Keywords are being targeted across different product pages.

Keyword Research and Understanding ICP

Before we begin the Keyword Research, lets draw out the search intent basis the purchase funnel for Indifeet:

image

ICP Understanding

Considering our ICP, we understand that ICP 1 is in the Action bucket looking with the intent to buy footwear and therefore we will target the bottom up approach starting with navigational keywords.

For ICP 2, who is browsing through creatives on Social Media, they are in the Desire bucket and looking for options that will attract them. Ranking on transactional keywords will help acquiring such ICP users.

Keyword Research

  • We understand that Navigational and Transactional Keywords will be difficult to rank on and such purchases are made only if we appear on the first result page
  • We know that less than 1% of the users get to the second page of search results on Google
  • In order to address this issue, we will also start to combine some Informational keywords to rank better on Page 1 and build brand awareness

For ICP 1 looking for footwear online below are some shortlisted Keywords and their search volume which will be targeted to rank on SERP.


Keyword

Type of Keyword

Search volume (avg monthly)

Difficulty to rank on SEO

Avg cost per click

Product Page Title added on Indifeet Website

Soft Home Slippers for Ladies

Transactional/ Informational

5400

21

INR 1.68

Best Soft Home Slippers for Ladies - Comfort You Deserve

Womens casual flats​

Transactional

4400

29

INR 1.68

Buy Womens Casual Flats for your Next Outing!

Ethnic Heels

Transactional

1900

10

INR 3.35

Bestseller ethnic heels with ultimate comfort - Indifeet

Doctor Slippers for Ladies

Transactional/ Informational

5400

23

INR .84

Find the Best Doctor Slippers for Ladies - Comfort Meets Care

Here are the details of such Keywords from Semrush:

WhatsApp Image 2024-11-06 at 2.16.38 PM.jpeg

WhatsApp Image 2024-11-06 at 2.16.38 PM (1).jpeg


image.png


For ICP 2, looking for some creative footwear through social media, we can also target such audience through search engine by targeting the following Keywords:


Keyword

Type of Keyword

Search volume (avg monthly)

Difficulty to rank on SEO

Avg cost per click

Product Page Title added on Indifeet Website

Black formal shoes for women

Transactional/ Informational

9900

19

INR 2.52

Stylish Black Formal Shoes for Women - Comfort Meets Elegance

White flats for women

Transactional

4400

19

INR 3.35

White Flats for Women - Stylish Comfort for Your Everyday Look!

Heel sandals for girls

Transactional/ Informational

90,500

37

INR 2.51

Heel sandals for girls​ with premium materials and comfort - Indifeet


Here are the details of such Keywords from Semrush:


image.png

image.png

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Currently considering Indifeet has recently updated keywords in Title Tags, it may need more time to gather data and show it's performance. Hence currently we will leave the content as it is. However to monitor the performance, we will perform the following actions:

  1. Monitor Performance - We will keep a track of the details such as traffic, CTR, and user engagement
  2. Such reviews will be performed on monthly basis

Moving to technical SEO for Indifeet, it has been noted that all the pages of the website has been indexed. The same can be viewed on Google Console, here is the screenshot:

WhatsApp Image 2024-11-06 at 3.28.35 PM.jpeg

While all the pages are indexed, to make them appear as relevant results to users based on their queries, we will continue to improve the following:

  1. Improvise Meta Descriptions in all product pages
  2. Improvise content on product pages i.e. to add more quality content keeping in mind SEO and keywords relevance
  3. Continue writing blogs every month targeting keywords related to Footwear Industry and Fashion world

Further to track our overall search performance, we will continue to track the following metrics:


Metrics to track

Intent of Metric

Tools that will help in tracking

Organic Traffic

Number of visitors on the website

Google Analytics

Number of Clicks

Number of times users click on Indifeet website link in the search engine pages (SERPs)

Google Search Console

Conversion

Percentage of users who checkout from the website after adding to cart

Google Analytics

Individual Keyword Ranking

Position of Indifeet in the SERPs for specific keywords

SemRush

Impressions

Number of times Indifeet website appears in search results

Google Search Console



Paid Ads

Campaign Objective

To run Paid Ads effectively, let's start looking at the defining the Campaign Objective. Considering Indifeet is in early scaling, our objective and budget to run such campaigns will be divided between the following

  • 20% of Budget on driving brand awareness Ads targeting ToFu (Top of the Funnel) users
  • 40% of Budget on driving traffic on Website i.e. link clicks targeting MoFu (Middle of the Funnel) users
  • 40% of Budget on driving purchases on website targeting BoFu (Bottom of the Funnel) users

For this project, we will shortlist purchase objective for deep dive targeting customers basis the User Call feedback. In order to proceed, let's understand our ICP's buying pattern and decision framework to convert them into performance marketing audience:

ICP Prioritization

ICP 1 - Middle Aged Married Working Women

    1. Demographics - We will target women in the middle age group of 28 - 45 years who are married.
    2. Geographic - We will target users based on Tier 1/2/3 cities where the likelihood of spending up to INR 2K for a footwear is high
    3. Interest & Behavioral - We will target customers who have recently visited our website or abandoned carts as these customers are interested in our product

For these users, we can target Search Ads that will pop up every time a user is looking for a particular Keyword. These Ads will target our users with buying intent and will be effective for driving purchases on website. This will work on Pull Marketing model where user is searching for solution of comfortable women footwear using different keywords and will be targeted.

ICP 2 - Single young women about to start their career after pursuing higher education like MBA 

  1. Demographics - We will target women in the young age group of 18 - 28 years who are single and either working/student.
  2. Geographic - We will target users based on Tier 1/2 cities where the likelihood of spending up to INR 2K for a footwear is high
  3. Interest & Behavioral - We will target customers who have recently followed us on Instagram, shown interest on Instagram Reels, Lookalike Audience of customers who have purchased from our website in the past

For these users, Display Ads will be more effective as these users are highly active on Social Media and are looking for products influencing to the current trends. This will work on Push Marketing model where user may/ may not be looking for Indifeet brand but is shown products to their liking and is promoted to visit our website.


Channel Selection Framework

Before we begin with paid ads for acquiring users to our website, here is the detailed analysis of different Advertisement Channel and which of those will be ideal for our brand considering it is in the early scaling stage.


Channel Name

Cost

Flexibility

Effort

Time

Scale

ROAS

LTV

Google Ads

High

High

Medium

Medium

High

Medium

High

Youtube Ads

High

Medium

High

Slow

Low

Low

Low

Meta Ads (Facebook/ Instagram)

Medium

High

Medium

Fast

High

Medium

High

Amazon Ads

Medium

High

Medium

Fast

Medium

High

Medium

LinkedIn Ads

High

Medium

Medium

Slow

Low

Low

Low


Considering the above framework, Indifeet will target Ads on the channel where there os Higher ROAS and LTV but at the same time CAC is not shooting up too high. Hence we have picked Meta Ads and Google Ads.

Google Ads

Lifetime Value of Indifeet Customers

LTV for our customers will be as follows:

Average Order Value X Frequency X Retention

INR 1500 x 2times per Year X 2 years = INR 6000

CAC (Google Ads) = Total Money Spent/ Number of customers acquired

CAC = 50000/ 50 = INR 1000 (Indifeet has currently not run ads on Google, these numbers are hypothetical)

CAC to LTV ratio will be 1000 : 6000 = 1 : 6

Ideal ICP and Advertising Channels identified for Paid Ads

Indifeet can target ICP 1 - Middle Aged Married Working Women with Google Ads; As this ICP is high-intent users searching for solutions on search engine. They rely on search of organic brands on Google independently. They are usually busy catching up with schedule of work and household and would prefer searching for instant results on Google with less attention span.

Marketing Pitch for ICP 1 - Let us help you get some weights off your shoulder by adding Feather to your feet! Try our Feather collection which is the right blend of comfort and elegance for all day wear.

Here is the Google Ad Execution:


image.png

image.png


Meta Advertising

Lifetime Value of Indifeet Customers

LTV for our customers will be as follows:

Average Order Value X Frequency X Retention

INR 1500 x 2times per Year X 2 years = INR 6000

CAC (Meta Ads) = Total Money Spent/ Number of customers acquired

CAC = 83000/ 200 = INR 415

CAC to LTV ratio will be 415 : 6000 = 1 : 14.45

Indifeet can target ICP 2 - Single young women about to start their career after pursuing higher education like MBA with Meta Ads; As this ICP is very active on social media and spend time on Instagram. They have high influence with visual appearance and hence Ad creatives are very important factor. They are usually looking for unique products which will add on to their fashion statement.

Marketing Pitch for ICP 2 - Walk in your next meeting room with confidence that uplifts you! Premium Shoes that work as hard as you. Upgrade your wardrobe and break the stereotypes of uncomfortable formal footwear! Carrousel Ad Creatives to be run on Meta as follows:

  1. Campaign objective as defined earlier will website purchases
  2. Ad budget and Audience is already discussed in the previous section
  3. Ad Format - Static Image Ads featuring a single Image as follows:

WhatsApp Image 2024-10-26 at 2.08.47 PM.jpeg

Primary Text -

  • Break the stereotypes and upgrade to “comfortable” formal footwear with this chunky sole shoes from indifeet!
  • Empowered women deserve empowered footwear. Discover comfort and style that lets you work hard without compromise!
  • Our chunky sole shoes are here to redefine your work wardrobe.
  • For women who mean business: shoes that blend style with all-day comfort. Perfect for wherever work takes you!
  • Tired of sacrificing comfort for style?
  • Introducing Indifeet's chunky sole shoes - the ultimate game-changer in formal footwear! Say goodbye to sore feet and hello to confidence. Ready to break free from uncomfortable norms?

Headline -

  • Indifeet: Redefine Formal Footwear
  • Upgrade to Indifeet Chunky Sole Shoes
  • Comfort Redefined with Indifeet
  • Upgrade to Comfortable Formal Shoes
  • Comfortable Formal Footwear by Indifeet

CTA - Shop Now

Along with that we will run A/B testing with a carousel of below 2 static image ad creatives


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WhatsApp Image 2024-10-26 at 2.06.49 PM.jpeg

Thats ALL!!


































































































































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