Lets consider specific behaviours of two different individuals:
What's common between these two individuals? They both constantly receive messages in their phone/WhatsApp like the example below.
Relatable? What do you do when you receive emails, messages, calls like these? Block them, report as spam, ignore, delete?
Do they work addressing the particular incident? - Absolutely!
Does it solve any possible future occurrences? Absolutely no!
Does it tell you why you are receiving a flurry of these uncalled attempts? Absolutely not!
If you have been a victim to unsolicited calls, messages such as these, chances are that your data has been breached and its being "sold" or "auctioned" to the highest bidder. Your data is one of the 16.7 Billion accounts that have been breached since 2004. Some more facts:
Lets look at similar facts for India:
Lets look at the biggest breaches reported this decade:
| IndiaMart | Bigbasket | RailYatri | Aadhar breach | Rentomojo | Kewal Kiran |
---|---|---|---|---|---|---|
Breach reported date | Aug'2021 | Oct'2021 | Dec'2022 | Oct'2023 | April'2023 | Feb'2023 |
Breached Indian accounts | 20 million | 18 million | 6 million | 815 million (aadhar, passport..) | 1.16 million (only emails) | 1.3 million |
Reference |
Some more, final, facts:
The facts above talk about the more obvious enablers that lead to an individual's data being breached and sold online. Here are some lesser known enablers:
Source: 2023-ncsir-us-global-report_final.pdf (gendigital.com)
There are two, obvious, entities that should be responsible in ensuring that an Individual's data is safe:
However, even companies, with their infinite resources fail to protect and secure customer's data. Even banks, yes - read this. The implications of companies being breached is very high too - the obvious impact is damaged brand reputation but the evidence of a monetary impact is that the average cost of a data breach in india was INR 179 Million, in 2023 - IBM newsroom
So it comes down to the individual's responsibility to ensure that their Identity remains secure whilst they enjoy & consume the resources available on the Internet. The implications of not doing so for an individual? -
Company: Norton Security
Geography: India
Product name: Norton 360 Deluxe
Customer segment: B2C
Feature | Description |
---|---|
3 PCs, Macs, tablets, or phone | Coverage for installing the app upto 3 PCs, Macs, tablets & phone (Android/iOS) |
Antivirus, malware, ransomware, and hacking protection | Award winning Antivirus, Firewall, Real time threat protection. [Some features will be limited in iOS, Mac] |
100% Virus Protection Promise | When Auto-Renewal is turned on, and Norton is unable to remove a malware from your device(s), a full refund will be provided. |
50GB Cloud Backup | Store important files and documents as a preventive measure against data loss due to hard drive failures, stolen devices and even ransomware. |
VPN private internet connection | Help protect your data with a no-log virtual private network (VPN) that encrypts your personal information and doesn’t track or store your online activity or location. |
Password Manager | Create and store strong passwords. Login to your accounts with a click of a button. |
Dark Web Monitoring | We monitor and notify you if we find your personal information on the Dark Web. |
Parental Control | Manage your children's activities online. Help them explore, learn, and enjoy their connected world more safely on their PCs or smartphones. |
Safecam | (Windows only) Alerts you to attempts to access your webcam and helps you block unauthorized access to it. |
Wifi Security | [Mobile only] Scans every Wi-fi the mobile is connected to and determines if its safe to stay connected to or not. |
App security | [Mobile only] Scans all the apps installed in the mobile to determine if they are malicious, harvests data or are safe. |
Safe Search/Internet Security | Monitors your browsing activity & lets you know if the website is safe or not. |
Paid ads :
Organic ads/Content loop:
Norton | ICP 1 | ICP 2 |
---|---|---|
Ideal customer profile name | Beatrix Kiddo | Luke Skywalker |
Age | 25-34 | 35-44 |
Goals | I want comprehensive online protection, all from one reputed provider. | It is my responsibility to protect the people I care about from online threats. |
Common/auxiliary goals | I rely on technology to live my best life | Its worth it to spend time & money upfront to avoid a negative event. |
Income levels | 8LPA-12LPA | +16LPA |
Location | Tier 1 cities | Tier 1 cities |
Online Protection used (lifetime) | VPN, Password Manager, Free online tools for password, dark web monitoring, | Antivirus, Password manager, digital storage, VPN. |
Where do they spend time? (in order) | Social media, OTT, Retail/shopping, Music. | Social Media, Retail/Shopping, OTT, Banking/Financial |
Pain points | I get cold calls/spams constantly; I’m not sure where my data is how its being used; I use alot of online accounts and often re-use passwords as I cannot remember all of them. | I am afraid of my device being infected by a virus; I am very wary about credit card/bank/ID being used to commit fraud; I am unsure of how I can protect my family from online threats. |
Current solution | McAfee, Browser password managers, Trend Micro, Avast, have 15 email addresses with limited information. | Windows defender, Apple devices, McAfee, Trend Micro, Avast, limit internet accessibility, go to a bank for transactions. |
Age group | Influencers | Blockers |
---|---|---|
25-34 | Password Manager & Dark Web Monitoring is a need. | Primarily established as an Antivirus; don’t need it. |
35-44 | Provides an eclectic blend of family, security, privacy security. | Lack of advertising and testimonials from current users. |
Both | Digital Protection Data Protection Act ‘2023 passed in Sept’23. | Not apple-apple equivalent to GDPR since government access to data is concerning. |
For | working professions and families |
---|---|
...who | find online protection overwhelming |
...this solution | helps them feel safer, smarter, and in control of their online protection. |
Unlike | relying on google trends, news, at-risk companies |
...this solution | requires them to spend time on understanding what technologies they need. |
SOM metric | SOM |
---|---|
% of penetration from SAM | 1% |
Number of users that can be targeted from the acquisition strategy | 10,05,000 |
% converting | 10% |
Number of users who will buy a subscription | 1,00,500 |
Average cost per subscription | 1000 INR |
Total First year Revenue (INR) | 10,05,00,000 IN |
Channel vs Parameters | Google search keywords | External Referrals | Paid Ads | Product Integrations | Content Loops |
Flexibility | High | Low | Medium | High | Medium |
Effort | High | Medium | High | High | Medium |
Speed | Medium | Low | High | Medium | Medium |
Scale | High | Low | High | High | High |
CAC | Low | Low | High | Medium | Medium |
Core objectives to be achieved:
Based on this, the best two channels recommended are:
Channels: Paid- Google ads, YouTube skip ads, Social media, E-commerce ads (all are effective channels
Key Result: Using an "in-demand" protection need today, like password manager, to promote the core value proposition.
LTV Formula = AOV x frequency x retention
LTV --> INR 1000 x 1/year x 13 months for avg user = INR 13000 OR $156
CAC formula = Total Money spent/Total number of customers acquired
CAC --> $187 (Assumption: Industry benchmark for Subscription Software DTC products)
CAC:LTV = 0.834
Execution: Based on the ICPs identified
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