Sale Time: Does it add or detract value from your brand?

Posted January 18, 2010 by concentric circles
Categories: Brand Strategy, Customer Relationship Management (CRM), Marketing Strategy, Sales Strategy, Strategy Planning

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January – the mad scramble for sales. It’s bargain basement time and everyone is out there buying.  Large companies need to clear stock and sales work well. Small to medium brands however need to plan sales promotions more carefully or you risk devaluing your brand. Here are five ways that sales promotion can work for you.

1) Stock clearance – you are coming to the end-of-the-range and season and you need to clear shelves.

2) Limited time-frame – any permanent offer devalues your brand

3) Competitive pricing – you want to for a short-while price along your nearest competitors again make sure this is a limited period sale

4) Few sales through the financial year – a maximum of two big sales a year everyone remembers ”There is only one Harrods, there is only one sale” try to get into a queue there and good luck!

5) Add a sales code to your promotion and link it to your sales invoices. Make sure you have accounted for it in your marketing profit and loss calculations and you know exactly what the cost is to your balance sheet. Coded promotions give you a way of adding a key performance indicator on your marketing spend. If you must offer a discount code it, code it, code it.  If you have a limited budget and a discount is a form of distressed sales avoid the temptation to lower your price,  invest your marketing spend on brand development.

A rose by any other name? Cyrus Todiwala says a name is everything

Posted October 8, 2009 by concentric circles
Categories: Brand Strategy, Interviews, Strategy Planning

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Cafe Spice Namaste in east London, well known for its flamboyant and colourful decor and being one of the first few Indian restaurants that simply could not be called “a curry house” says a name is everything.Cyrus Todiwala

Cyrus Todiwala, the founder, a gourmet and celebrity chef par excellence says the history of the brand is inextricably tied up with the battle for the name. Cyrus, a top chef from the Taj group of hotels in India, started Namaste, a high-end Indian restaurant in the early 1990s with a clientele of high-end British bankers. Cafe Spice was the brain child of his former partner Michael Gottlieb, who approached Cyrus with the idea of creating a chain of trendy Indian restaurants blending the heady richness of the spices and cuisine with the bistro-chic of a cafe.

Commercial branding, trademarks and licences got the better of a good idea. Cafe Spice went head-to-head in the courts with another entrepreneur who had a similar idea  with a similar brand name. Hard lessons were learnt, “It was an utter waste of time and money, so we decided to go with the name Cafe Spice Namaste – this time we trademarked the name and the logo.”

Cafe Spice Namaste is now an established name in the gourmet Indian restaurant trade and Cyrus has taken the brand from strength to strength in spite of a tough economy. “We can see a marked change, customer numbers have remained the same but per head spend is cautious,” he says. What holds them in good stead is Cyrus belief that a good product, good service and the vibrancy of the colours of the Cafe are reflected in the vibrancy of the food. “For an upscale restaurant we really represent value for money, it’s good honest cuisine and service from people who have worked with me for years, I really think it’s good all round value,” Cyrus says. 

What is less well known is Cyrus’ work in the charitable sector. A firm believer of social responsibility, he was collecting money for street urchins in India at the age of ten. This continued with fund raising for the blind, the save the tiger fund, British war veterans, a charity in Kent that rehabilitated children who have been abused. The children who were given a great master class in the Cafe Spice Namaste’s kitchens were one of the toughest tasks he has faced. ” We had to be so careful, they were scared, adults were not people they trusted but it was so rewarding to see them learn skills and enjoy themselves.”

Things have not always been smooth sailing either. “We were never an instant success, there were dark years, tough times, ” he says but admits he is not prone to depression and his love of life has got him up every morning however tough the times. ” I am lucky – or unlucky as my wife may tell you – I get up early in the morning and I am already thinking and planning ahead. I never have woken up thinking I can’t do this anymore!”

 Ycafe_spice_logo_high_res (2)ou can catch Cyrus Todiwala in action at the BBC  Good Food Show  (now known as Masterchef Live) November 17-19 at the London Olympa centre.  At the Cafe Spice Namaste restaurant at the show you will find Cyrus’ own brand of pickles “Mr Todiwala’s Spendidly Spicy  & Deliciously Hot Pickles and Chutneys”

 concentric circles “sources say,” is a complimentary newsletter, published by the sales, marketing and design solutions’ agecncy, concentric circles, (www.concentriccircles.biz).  We are happy for you to share the contents with others with appropriate attribution to our publication – concentric circles “sources say,” If you would like to contribute to the newsletters and blogs send your press releases, or write to:  info@concentriccircles.biz . If you would like subscribe, or read the newsletter online, click here to go directly to our blog http://tiny.cc/ccircles. Updates are posted on Twitter: ccsourcessay

Copyright concentric circles October, 2009. All rights reserved

Your face is your fortune – how to cash in on your biggest asset

Posted August 27, 2009 by concentric circles
Categories: Brand Strategy, Customer Relationship Management (CRM), Digital Marketing (New Media), Interviews, Marketing Strategy, Public Relations, Social Network Marketing, Strategy Planning, Views

Tags: , , , , , , ,

You might think I am talking about good looks, but I am not. Your face is your brand stamp. Unique, differentiated and unlike anyone else.So why don’t you cash in? And no this is not about changing who you are but defining who you are, being aware of the messages you send and thinking about what you want to do about those messages

The Emperor does wear clothes – One of the most proficient communications experts I have known said “Gosh I did not know I had to think of my image so much, I have been so busy working on other people’s images and their company’s images I have never stopped to think so hard about myself.” Simple questions – what clothes, what colors do I wear most often – the answers blue, and blue and blue. Another friend who was touting for business decided he wanted to make sure he got noticed, so out come a huge Mexican sombrero and a pink tee-shirt – he got noticed alright but if was dates he was after he was on message, if he wanted a business contract for his business, he was disappointed. Building your image starts with the clothes you wear, its been said so many times and is worth repeating, if you wear a tee-shirt and trainers you probably are already in the board room and not working your way up there.

You are always on camera– An unavoidable part of today’s word is you are one minute away from a friend posting your picture on U-Tube, Facebook, My Space and if you think your friends don’t then strangers could – someone in a bar, you trip, you fall hilarious someone has that on video cam. Indeed you can get fired by Facebook, I know people who have commented on their colleagues, bosses, competitors photos on social networking sites. It pays to check your security settings and to request friends to keep private matters private.

Your face is connected to the rest of your body– Be aware that your actions are a constant source of information to the world around you. I was drinking coffee with a friend, when he suddenly said “You know the reason why we humans are so smart? We are all animals. We watch our prey and observe everything. The ones who survive watch to see when people are lying and when they are telling the truth, we may not tell them we know they are lying but we store that information away. Look at that girl next to us, the poor guy has been buying her drinks and she is on the phone all the time, now she has texted a friend to join them, I think he’s got the message, he’s stopped buying her drinks.”

Mind the gap – You can do the best job of telling people what to think by controlling all the external variables – your clothes and accessories successful communication comes from the inside.I don’t know a single person who has really good or bad press without some truth behind the story. Celebrity tantrums and gaffs have become a commodity with a high price tag. Learn from both yours and others mistakes – bad press is expensive.

An open or closed book? Whether your face is an open or closed book, it pays that it is a pleasant book. None of us are perfect from the inside or outside, but we can strive to be pleasant.

 

concentric circles “sources say,” is a complimentary newsletter, published by marketing strategy consultants, concentric circles, (www.concentriccircles.biz) as a resource and source of inspiration for  management, marketing, sales and creative strategy professionals.  We are happy for you to share the contents with others with appropriate attribution to our publication – concentric circles “sources say,”If you would like to subscribe or contribute to the newsletters and blogs send your press releases, or write to:  info@concentriccircles.biz . 

Updates are posted on Twitter: ccsourcessay

Copyright concentric circles August, 2009. All rights reserved

12 reasons why Michael Jackson will remain an enduring global brand

Posted July 8, 2009 by concentric circles
Categories: Brand Strategy, Digital Marketing (New Media), Marketing Strategy, Public Relations, Sales Strategy, Views

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Michael Jackson’s genius not only lies in his music, his performances as an entertainer but as an enduring global brand. With celebrity endorsement providing stars in the sports and entertainment fields with as much, or in some cases more, income than their primary earnings, Michael Jackson stands out even this field as a brand much bigger,  and I believe a brand that will grow in stature for many years to come. Over the years Jackson has created phenomenal brand equity and increased his brand community consistently opening new segments of the market to his personal style and converting new generations to the power of his music. Here are ten good reasons why I believe that Jackson is a brand to be reckoned with.

Brand innovation:The distinctive, innovative music that combined jazz, soul, funk, pop and rock and roll in a way that you could hear a riff and identify the song, the music, the composer. But it is not only in the field of music, but also in the way Michael Jackson approached raising money for charity using entertainment as a tool to raise money that was distinctively different. Companies are looking at innovative ways to raise their profile from charitable work and encourage corporate social responsibility. Jackson’s Man in the Mirror, We are the World and estimated $300-500 mil in personal giving changed the political awareness of many celebrities and put social responsibility high up on the agenda in a unique way. He also revolutionized the pop-video market taking risks, investing real money in marketing his music. Hiring the best talent in the film world Thriller was one of the most innovative music videos of the time. Jackson constantly surprised and challenged the way he was perceived.

 Brand identity: The hat, the glove, the shoes on the surface – the music at the core, the words, the composition, the power of the sentiments, the message were all pure inimitable Michael Jackson.

Brand imitation:Like Elvis Presley, who lives large in football matches, stag parties and look-alike gigs, Jackson’s inimitable style has, and will continue, to be imitated.

Brand loyalty: Consistent over the years, across ages, races, continents, language groups, music preferences. Michael Jackson opened ears as well as hearts and minds.

Brand interest:  Spurious, curious and genuine interest in Jackson has provided him with  column inches, airtime, cyberspace publicity with every form of new media making him the message whether u-tube, Twitter, Facebook or traditional newspapers and magazines.

Brand emotion:  Strong views either from loyalists or detractors. He is, like all big brands, both reviled and loved in strong measures.

Brand sales: In every sales metric – gross sales, repeat sales, speed of sales, channel of sales (retail or e-tail) the ability for Jackson to move the brand off the shelves and warehouses  is a product dream come true.

Brand community:Confounding segmentation specialists, Jackson appealed to a multi-cultural, multi-linguistic, multi-age, multi-class, caste and cash group.

Brand halo: Merchandising and licencing of Jackson dolls, tee shirts, posters and the sales in each of these categories is a story of its own.

Brand push and pull: Discussions with his record labels and negotiations on royalties are often held between not just musicians but with normal retail brand owners and their distributors. Own labels replace branded goods in super markets sales drop.  Jackson’s ability to get the brand space, royalty or fees  he commanded – the push factor was also driven by the strong brand loyalty and robust sales – the pull factor.

Brand investment: Whether on his tours, pop videos, his personal appearance, Michael Jackson’s budgets on building his brand were phenomenal – but not ill spent. Jackson understood the power of video and personal tours and he  invested his marketing bucks on the two biggest revenue and audience drivers.

Brand X factor: Jackson had magic, at the age of five or the age of fifty. Money can’t buy that, he was blessed with it. 

Everyone has their favorite MJ song – this is mine 

Michael Jackson – Man In The Mirror on MUZU.

- ENDS-

concentric circles “sources say,” is a complimentary blog and newsletter, published by marketing strategy consultants, concentric circles, (www.concentriccircles.biz). It is intended to be a a resource and source of inspiration for  management, marketing, sales and creative strategy professionals.  If you would like to discuss any of the topics we raise, subscribe or contribute to the newsletters and blogs send your press releases, or write to:  info@concentriccircles.biz . 

We are happy for you to share the contents with others with appropriate attribution to our publication – concentric circles “sources say,” Updates are posted on Twitter: ccsourcessay

Copyright concentric circles July, 2009. All rights reserved

Pricing your product – don’t get caught out work it out

Posted July 1, 2009 by concentric circles
Categories: Brand Strategy, Customer Relationship Management (CRM), Marketing Strategy, Sales Strategy, Strategy Planning, Views

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We don’t want to let you believe you are going to learn every single thing about pricing policy in  two short pages but you’ll get a starter kit to get you thinking. As one of the key factors in the marketing mix, many marketers focus on promotion and product and allow finance and sales teams to figure out pricing policy. Often sales and finance teams encourage marketing to focus only on promotional materials. Pricing policy is so fundamental to a marketing plan and it is worth sales, finance and marketing teams working a strategy plan to maximize profitability. So don’t get caught out, work it out.

     Price is a function of the structure of the market:  To determine the price of your products, you need to establish your position in the market. Are you a monopoly player, do you sell to businesses only, do you sell to consumers?  Depending on how many willing buyers and willing sellers you have, in an ideal world the market sets the price by supply and demand. The simple truth is there are other factors determining price. Cartels, subsidies, preferential contracts set up between two or more interested parties.  One product can be sold more aggressively than another, even if they are of the same price and quality because it retail commissions offered are more lucrative. Find out as much as you can about your competitors pricing and determine your price accordingly.

      To harmonize or not to harmonize that is the question:  We have often been asked to assess a pricing policy  to review the option of standardizing a pricing policy to a base currency (usually where the parent company is located), or review several local currencies and customize prices to the local market. We don’t think creating prices for products based on business objectives like revenue growth, exchange rate risk, currency zones work. Put your customer hat on, when you go out to shop are you worried if the company selling these products is making a profit? Unlikely, customers buy for a huge variety of reasons, price is only one part of the equation. These reasons can change from region to region and country to country. Do your local market research and price according to customers’ spending habits locally.

      The recommended retail price and why it is just that a recommendation: Everyone should be able to recommend a retail price to their wholesalers and retailers. You can even do price checks and see if the recommended retail price is being followed so that your customers are not overpaying. However, retail prices can not be enforced as it could be seen as price fixing, so it is called a recommendation, because it is just that. What you can do is ensure the price range of your products remains in a narrow bandwidth so that you retain credibility with your customers.

      Fix  your product first then the price: Don’t be in a rush to work out your pricing model before you have a good product. I have seen clients who have got carried away with the idea s and not worried about the cost. A  young entrepreneur once told me the company had figured out how much profit they could make per product. What became apparent was that there were a declining number of clients for their products and they were hoping clever marketing could stir up demand.  Price is the end result of a good product. Poor customer service, declining quality in product quality is more likely to cause customers to back off than price.  If customers say price is the reason they are not purchasing your product prove value, or if they are looking for value create a new range of value products with a different price. Supermarkets are increasingly using dual prices successfully to market cheaper, lower value products however premium products continue to reflect the premium quality with premium prices. The bad option, is to offer the same product at a lower price as it erodes profitability,  or worse still offer lower quality for your premium product at the same price to retain profit margins. Customers feel cheated and won’t come back.

      And we have not even begun to talk about VAT: A business to business sale should take into account value added tax. And you can make this as simple or as complicated as you want.  All it is a variable percentage of the cost of your product that your customer pays. Depending on which market you are in, what product your are selling, you will need to know the VAT for your product category. While your accountant, finance director will help you recoup and manage the financial aspects of VAT, what you need to do  is actually quite simple – figure out whether you add it or subtract it from your recommended retail price. The obvious advantage of adding it to your recommended retail price is improved margins, the obvious fall out is a higher cost to your customer.

- ENDS-

concentric circles “sources say,” is a complimentary blog and newsletter, published by marketing strategy consultants, concentric circles, (www.concentriccircles.biz). It is intended to be a a resource and source of inspiration for  management, marketing, sales and creative strategy professionals.  If you would like to discuss any of the topics we raise, subscribe or contribute to the newsletters and blogs send your press releases, or write to:  info@concentriccircles.biz . 

We are happy for you to share the contents with others with appropriate attribution to our publication – concentric circles “sources say,” Updates are posted on Twitter: ccsourcessay

Copyright concentric circles July, 2009. All rights reserved

Bad news for Habitat or bad news for Twitter?

Posted June 23, 2009 by concentric circles
Categories: Brand Strategy, Customer Relationship Management (CRM), Digital Marketing (New Media), Marketing Strategy, Public Relations, Sales Strategy, Social Network Marketing, Strategy Planning, Views

Tags: , ,

The huge barrage of negative publicity, however tasteless and well-deserved the attack on Habitat may be, has no doubt repercussions on how some companies may view social media, and platforms such as Twitter,  as a useful and relevant marketing tool.

The UK retailer Habitat has come under scrutiny for using irrelevant hash tags (#tags)  on Twitter, the social networking site, to sell its products. Tags such as #iphone, #mousavi #mms were misused by the furniture retailer to sell  its products as a marketing ploy and had no relevance to the topics flagged up. Tags are used by Twitterers on their Tweets and identify topics that are most frequently searched. While Habitat has made a public apology, the backlash on Twitter, also could impact newcomers to social networking sites.

The fall-out of getting social media wrong, like Habitat did, is companies closing themselves to the opportunities they present and making them risk averse. This is also bad news for Twitter, Facebook and other social networking sites. “Twitter Quitters” as market research firm, Nielsen, calls the customer churn, could increase. Retention rates are 40% according to Nielsen’s April report.  A later update takes into account migration from Twitter’s web-based services to other devices and applications such as mobile phones, TweetDeck, TwitPic,  EasyTweets, amongst others, with a more positive view on retention rates.  However, the negative publicity that hurts users of Twitter, such as Habitat, could also have a negative impact on Twitter as churn increases or uptake  slows down.

Probably, the real bad news is that Habitat was “advised” to use the spam tags as a marketing opportunity and social networking sites will get the flack. The problem is something of a cliche - it’s the uncommon ability to rely on a good dose of common sense .

- ENDS-

concentric circles “sources say,” is a complimentary blog and newsletter, published by marketing strategy consultants, concentric circles, (www.concentriccircles.biz). It is intended to be a a resource and source of inspiration for  management, marketing, sales and creative strategy professionals.  If you would like to discuss any of the topics we raise, subscribe or contribute to the newsletters and blogs send your press releases, or write to:  info@concentriccircles.biz . 

We are happy for you to share the contents with others with appropriate attribution to our publication – concentric circles “sources say,” Updates are posted on Twitter: ccsourcessay

Copyright concentric circles June, 2009. All rights reserved

Anila Vaghela – the “sauce winner” of the family

Posted June 23, 2009 by concentric circles
Categories: Customer Relationship Management (CRM), Interviews, Marketing Strategy, Public Relations, Sales Strategy

Tags: , ,

Anila Packing BoxesAnila Vaghela, the founder of Anila’s Authentic Sauces, in a food fair. Actually, to be honest, I actually met Anila’s husband, Dhiru Vaghela who did a great job of selling Anila’s range of 24 sauces, pickles and dips to me. I was in a hurry and collected some sales literature but I was intrigued. so at the next food fair.I made it a point to taste all the sauces on  display and enjoyed the date and tamarind sauce which was unusual, interesting and different. So I decided to interview Anila at her home, in Surrey, and discovered she is not just a very hard-working entrepreneur, she is also  a person who built her range of most traditional sauces, pickles and chutneys i n the most unusual way. I thought I would share five things inspiring things I discovered about Anila with you.

Until last year Anila hand-poured every bottle of her sauces  in her factory : Each bottle was hand-labeled and packed with her family and a small team. In January 2007 a bottling depositor was purchased and in 2009 a automatic labelling machine to make life easier.

      Anila’s company is completely debt free:Yes, you are reading right, in a world where we are seeing a terrible credit crisis, Anila has never borrowed money to finance business expansion.

      You will find Anila in Wallington  famer’s market even today: Despite orders from high-end gourmet stores  Anila still displays her products in Wallington  farmers’ market every second Saturday of the month which was the first farmer’s market she displayed her products in April 1999. Today she attends over 20 local farmer’s markets.

      Anila did not draw a salary for five years: When Anila was made redundant she invested the money back into the business, not taking a salary for herself for five years.

      Her husband left a well-paying job and now works for Anila: After looking after the family and running her business, Anila has reversed roles and is the bread-winner (or should I say sauce-winner) of the family.

Starting from her kitchen in Surrey, in the early 1990s one Easter in a small craft fair, Anila simply did not think she would have a national brand and distribute her products in the UK, Ireland and the Middle East and become a successful entrepreneur. That one batch resulted in people knocking on her door and asking her to make some sauces for them and she would. For five years it was a hobby and not a business but when she was made redundant with a very small sum of money she decided to start something new.

She sent samples to five big departmental stores and Bentalls  placed their first orders and never looked back. The orders from other stores and customers continued to come in.  “My phone was always ringing, I would get sales calls from people who wanted to sell me machinery, orders from customers and all sorts,” she says, adding: “they did not know I was juggling between  making the sauces, being a mum looking after two growing kids and running my growing business, it was crazy and frantic.”

Hand Labeled Bottles 

 Operating out of her house for a short-while before going into a small commercial premise meant everyone in her family if they came to visit was asked to label the bottles.  I love the early, almost retro-style of these labels. 

 Even in the small commercial premise, Anila was determined to keep the traditional method of home cooking even if the scale was larger.  “I just had a commercial chopper instead of a domestic one – I broke five of the domestic choppers , the orders were too large for me to do all the chopping myself!”  More orders and a larger factory, Anila says means larger chopping and stirring machines but still the same methods. She was supervising everything herself. Then, with the help of government-led funding, she had consultants in who looked at her business processes and looked at a major restructure – her husband left his job as an IT professional at the bank and now a director of the company and looks after the day-to-day production processes at the company.

 “He really is good at looking after the factory and making sure that my traditional methods of cooking are followed. He is very precise and methodical,” she says as he volunteers to make us some tea. Anila’s happy to grow her business slowly and steadily in new markets because she is not willing to sacrifice taste for convenience. “I know I can make more sauces or pickles or chutneys, but this is not to me a factory-driven process. A factory just gives us the ability to do the same things that I would have in my kitchen, with the added advantage of machinery. I don’t compromise on the ingredients.  I don’t add water or other bulking agents and I know that the customers love it,” she says. As a result, her customers write to her and she is able to learn from them what they like and don’t like.

 Here is a wonderful extract from Bob & Rosie Greaves: “Dear Anila: We both love curries but have had great difficulty in getting that real authentic flavour. So, when we tasted your curry, the delight we had was beyond belief! The flavors of your sauces are remarkable and they are taste sensations!”

Anila says in the early days she soldiered on with encouragement from letters like this in spite of low profit margins and the tough work. Every time she thought she would pack it in, a letter like this would cheer her up. Now she sees the value in a marketing sense: “I am so lucky that I am able to get that feedback and develop my products,” she said.  Anila recently introduced a fruity-mild curry sauce for children and for those who like mild curries. She trialed this with families and their children to get feedback and tweaked the recipe to get it just right. Now this sauce is one of her more popular ranges with families who are looking for a milder curry.

What can I say – this is product-development and customer-relationship management without the management or marketing jargon.- The reward? John Lewis has just signed up Anila’s authenic sauces and the family is busy supporting their sauce winner!

If you want a taste of Anila’s Authentic Sauces she is at the House & Garden, Spirit of London Christmas Fair, Olympia, 4-8 November.

ENDS-

The concentric circles “sources say,” interviews bring to you the stories of the inspiring people we have met and who could help you see your business in a new light. We are happy for you to share the contents with others with appropriate attribution to our publication – concentric circles “sources say,”

www.concentriccircles.biz

Copyright concentric circles June, 2009

All rights reserved

Can small brands survive – Monica Chia who developed the Karimix brand says yes

Posted July 25, 2009 by concentric circles
Categories: Brand Strategy, Creative Services, Customer Relationship Management (CRM), Interviews, Marketing Strategy, Sales Strategy, Strategy Planning

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Monica Chia_ColorWhat can a small brand do to survive in a fiercely competitive market? Not much, you may think. With no budget to cut or staff to make redundant the simplest thing in a recession might be to sell to a bigger brand, wind up or stay still. Not so, says, Monica Chia, an entrepreneur who bought the rest of Karimix shares, a sauces, dips and pickles company in December 2007.

 

Monica who exudes confidence and energy told me she rolled up her sleeves, took a loan to pay for the purchase and got to reworking and restructuring the business for success. Her fierce business efficiency is matched by an impish creativity which is a hard combination to resist.

The first time I walked into Monica’s home, she said with no real introduction, “I buy derelict houses.” I wanted to laugh, her Wimbledon home which is calmly elegant is anything but derelict. The only hint of her mischievous side is a big leather poof in the shape of a dog. “I am assuming that’s for your kids,” I say. Without a pause she says, “No my grandson.” Monica who looks like she can’t possibly have a teenage daughter let alone a grandson has got my attention.

We are now in her office/kitchen/patio garden. (also not derelict). “So do you buy derelict companies,” I ask half-jokingly. “No,” she says quite seriously, ”only derelict houses.” I am now getting used to the two sides of Monica the no-nonsense business woman and the easy-going mum, friend and grand-mother. When Monica discovered Karimix, she was busy setting up a sushi factory and had no real focus on becoming an entrepreneur.

The then owners of Karimix – a husband and wife team had two key customers. EAT, the London-based food chain selling soups, sandwiches and coffees and Cottage Delight, a family-owned company specializing in selling a variety of food made according to traditional methods. The business was really a lifestyle business and a cottage industry. The family made the sauces and there was no business or marketing strategy in place. No investment was made unless it was necessary and everything was handled as best as it could be handled by a family. “If I had let things stay the way they were, we would have gone bust. We had an order of maybe a tone every two months, our operating costs were high and I had to not only pay back the loan but make an income from this venture,” the Singapore-born, British entrepreneur, Monica tells me.

The key drivers in her business transformation process were to invest in product development, improve operational efficiency and develop a brand image. Monica is no novice to entrepreneurship. She had her own company in 1984 which she sold successfully in 1997 She then set up the first commercial sushi factory in the UK with Toman, a Japanese trading house, Created the Yo! To Go, a brand for Sainsbury’s in 1999 when she worked with trading house, Geest and topped this all in 2002 with in business restructuring and years of industry knowledge from her past jobs she changed the Karimix manufacturing premises to a British Retail Consortium site. This guaranteed that benchmarks of good manufacturing processes were adhered to and the product development process could be monitored, regulated and guaranteed.

A complete product line revamp in recipes, preparation methods and the use of new ingredients were selected to improve the quality, consistency and taste of the product range. “Tastes change our palates identify different tones and flavors. International consumers are now more widely exposed to a variety of cuisines than ten years ago when the Original product range was developed, Monica says, adding: “ I had to modernize and reinvent some recipes to intrigue the customers’ taste buds.” Order levels with EAT and Cottage Delight stabilized.

Improving and investing in the product range in isolation, would not have worked without a complete business process upheaval, Monica who is fiercely organized said: “I noticed there were no analysis of our sales history, order management processes were not systematized and delivery scheduling was not at a level at which our customers could depend on us.” Improved reliability, availability and product consistency would have kept only existing customers happy getting new business meant she had to go out and create a brand presence.

With thousands of gourmet food brands in the market, Karimix needed a revamp. Here her brand strategy is clear. “No religion, no politics, no trademarks, no gender or race – that was my brief. I wanted images that had strong elements of culture to depict the brand, a consistent way that the logo was represented and strong colors that would get identification on a shelf, “ she says, outlining the Karimix brand guidelines. New labeling, a new logo, a strong presence at all the key gourmet food festivals, recipe cards for distributor and a website were investments in the brand. As you can see from the change in the labeling of the old Karimix Laska curry and the new Laska mix. For many who believe rebranding is an intangible cost with intangible benefits, Monica is very clear. Laksa_Paste _newLaksa Curry Paste _Old

The figures speak for themselves. In 2008, retail sales were stagnant and started to decline by March. The whole restructure of her business combined with an investment in rebranding and the October 2008 launch of the new brand image resulted in retail sales increasing by 50% nationally and internationally 100%. Monica decided to become a brand ambassador going into kitchens and talking to chefs about how her chutneys, relishes, pickles and pastes could be used in every-day recipes. To the customer the labels were created with serving suggestions and as much information that would make the purchase and use of the product easy and interesting “I wanted to push the boundaries of taste, why can’t you have traditional mashed potatoes with a chilli relish? Food is about creativity, we don’t have to put everything into little boxes – traditional cooking, fusion cooking – I wanted my product range to be used in different ways all the time,” she says, and now you see a different side emerge, the creative and inquisitive cook.

Monica says her food is for the “confident cook” who will go out and experiment. She has therefore worked closely with food development teams in restaurants, delis and other food retail outlets and developing recipes that worked for customers. At her food fairs she will look at customers and if they start talking about the foods they make she will chime in with ideas of how her sauces can work with fish and chips, mash potatoes, grilled chicken or a barbeque. I have watched her work the crowd and she says it is an absolute must to get to each individual customer to understand what they like.

And social network marketing is her next target – Karimix is on face book and Monica is making sure everyone she knows keeps up to date with her brand and has created a become fan of Karimix group to push the boundaries of the brand. Watch that brand space!

- ENDS-

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