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Haley   Siying   Adithi   Kazi   Odundo
Introduction

Brand Mission
Warby Parker believes that everyone has the right to
see. Millions of people around the world today don’t
have access to proper vision care. To help address
this problem, Warby Parker partners with renowned
non-profits, such as RestoringVision.org, to deliver
one pair of glasses to someone in need for every pair
sold.
In doing so, we enable customers to
share the gift of vision with someone
who can’t see today and give them
the opportunity to read, to work and
to live a fuller life.

Warby Parker was created
with the desire to help
customers give to a
good cause,
express their
unique
style, and
save
some cash.
Company
History
                  History
Warby Parker was launched in February, 2010 by four
friends that all attended Wharton College in
Philadelphia, PA. Neil Blumenthal , Andrew Hunt, Jeffrey
Raider, and David Gilboa started Warby Parker as a
online store to bypass the retailers and cut the cost of
eyewear.

While most prescription eyeglass companies operate
mostly offline, Warby Parker does things differently, of
course.
Development
They sell most of their inventory
online, and only have five physical
locations. The five stores are located
in Brooklyn, NY, San
Francisco, CA, Oklahoma
City, OK, Portland, OR, and the
headquarter is located in New
York, NY.

The company was born out of our
collective personal traits: a penchant
for outrageous outfits, an affinity
for vintage collectibles and a strong
desire to make the world a better
place.
Brand
               Personality
What’s in a name???
Well for Warby Parker, there is A LOT in our name!!!

The name Warby Parker came from a master wordsmith and
pop culture icon, Mr. Jack Kerouac. Jack Kerouac was an
American novelist and poet.

Two of his earliest characters bore the names Zagg Parker
and Warby Pepper (creative and unique, right?). Together
these two characters created the name Warby Parker.
This name says a lot about our
company, because we are
cool, almost as cool as Mr. Jack
Kerouac’s stories. But Warby
Parker is more than just a
name, because we are more
than just a really attractive
company!!!

We are a company that cares
about the lives, happiness, and
careers of people around the
world. That’s why we give
thousands of glasses away free
every year to people that really
        need to see!
Branding                         Logo Analysis

Warby Parker’s personality is     The Warby Parker logo is simple
clear. We know our customer’s     and clear. The logo is the name
and they know us. Warby Parker    Warby Parker in dark
is all about helping people and   gray with a white background.
seeing how together lives can     This logo is chic and modern,
be changed. We reach an           lacking clutter. Our company also
audience that has a casual cool   reinforces this logo with 5
style and wants to change the     showrooms that are clean and
world one pair of glasses at a    clutter free, offering high quality
time.                             products at low prices. We are a
                                  small company that wants the
                                  best for our valued customers.
ANALYSIS
Branding:
Warby Parker’s brand is both trendy and classic. It has updated and refreshed classic vintage eyewear
styles - spending several months crafting each frame to develop a line with a personality that is both
contemporary and refined. Each frame is handcrafted using only the finest custom acetates and takes
over three weeks to produce from initial cut through polishing. Warby Parker utilizes best-in-class
polarized lenses to provide superior glare reduction and UV protection.

Logo Analysis:
Warby Parker was founded with a rebellious spirit and a lofty objective: to create boutique-quality,
classically crafted eyewear at a revolutionary price point. Thus, Warby Parker’s logo feeds into their
clear brand personality and the inferred tagline of “We know our customer’s and they know us.” Its
simplicity denotes the meticulousness and collaborative efforts of the founders “Warby Parker” – an
alternative concept to the overpriced and bland eyewear available today.

Advertising Materials:
Warby Parker is able to provide higher-quality, better looking prescription eyewear for under $100 by
circumventing traditional channels and engaging their customers directly through their website.
Moreover, they have an updated blog and Facebook page as a way of reaching target audience in the
most cost-effective manner in order to advance their new concept of eyewear.
Focus Group
 Age: 18——35


 Requirement: people wear glasses


 Total Number: 5
Questions for Group Discussion


1、Where do you buy your glasses?
    Kelsy- Wal-Mart
    Laxmi- Vamayekar – Indian Company
    Katie- Americas Best
    Mary- Marion Eye Center
    Tom- Clarkson Eyewear

2、How often do you buy your glasses?
    Kelsy- Depends on insurance
    Laxmi- once a year
    Katie- once a year
    Mary- Depends on insurance
    Tom- haven’t in 4 years
3、Which is the most influential
factor that affects your purchase
decision
(e.g.: price, quality, style, Brand
etc.)?

     Laxmi- Price has a large
influence, because quality is low.
     Katie- Price is most important
and then style within the price
range.

4、Are you hesitant to purchase
glasses online?

  All participants said that they
do not fully trust online eyewear
companies.
5、If you are offered free home try-ons, free
shipping and free returns, would you be willing to shop
online for glasses?

        All said maybe they would be more willing to try
them.
       One participant said they would not want to be
responsible for the try-on glasses.

6、What are the Glass brands you can recollect?

        Levi Strauss but participant doesn’t have to have that
brand
        No participants were brand specific
7、Have you heard of the brand Warby Parker?

    None of the participants had heard of Warby Parker


8、What do you think about the idea of Warby Parker
delivering one pair of glasses to someone in need for every
pair that they sell?

   All liked this idea and 2 or 3 participants said that they
would be more likely to purchase glasses because of this.
Other Notes

None of the participants were brand specific.

Customers would like a follow-up on the child that receives
the glasses.

Warby Parker should offer glasses for children and also offer
contacts for those that do not like glasses.

Promote brand on college campuses to make brand more
known and trusted for customers.

Many expressed a general concern when purchasing glasses
online.

Weight of glasses should be posted online.
Concerns

Maintenance- Where can I get the glasses
fixed?
Marketing Mix
Product
  Warby Parker was founded with a rebellious spirit and a lofty
  objective: to create boutique quality, classically crafted eyewear at a
  revolutionary price point. They meticulously crafted their first
  collection of 27 limited run styles for both men and women, plus one
  monocle, using only the finest custom acetates and materials.

  The Warby Parker aesthetic is vintage-inspired, with a fashion forward
  twist - and every pair is custom fit with anti-reflective, polycarbonate
  prescription lenses.

  The company also partners with renowned non-profits, such
  as RestoringVision.org, to deliver one pair of glasses to someone in
  need for every pair that they sell. In doing so, they enable customers
  to share the gift of vision with someone who can’t see today and give
  them the opportunity to read, to work and to live a fuller life.
Price
Warby Parker is a true blessing in corporate clothing as they offer
high quality prescription glasses just for $95.

How do they do it? By circumventing traditional channels and
engaging with their customers directly through their
website, Warby Parker provides higher-quality, better looking
prescription eyewear for under $100.

Available exclusively through the Warby Parker website, their
glasses retail for $95 which include Polycarbonate prescription
lenses with anti-reflective and anti-scratch coatings. They also
offer free shipping, free returns, and free virtual and home try-
ons every single day.
Place

Warby Parker is essentially an
online brand. All of their
optical glasses and sunglasses
are available to try on in our
New York City office and
showroom. They also rent
space in a few stores in big
cities where people can try on
glasses before ordering online.
They have partnered with a
select number of like-minded
boutiques across the country
to serve as showrooms for
their collection.
Their showrooms are located in:



• NEW YORK, NY : WARBY PARKER HEADQUARTERS, 13 E 16TH ST

• BROOKLYN, NY : BIRD, 203 GRAND ST

• SAN FRANCISCO, CA: THE PERISH TRUST, 728 DIVISADERO ST

• BOSTON, MA: STEL’S, 334 NEWBURY ST

• OKLAHOMA CITY, OK : SHOP GOOD, 3 NW 9TH ST

• PORTLAND, OR : LIZARD LOUNGE, 1323 NW IRVING ST
Headquarter
      NY
Others


         New York, NY

         Brooklyn, NY

         San Francisco, CA

         Boston, MA

         Oklahoma City, OK

         Portland, OR
Promotion

 Transparent      business   model,     Corporate    social
 responsibility, Focused product mix and well managed
 customer relations constitute the success mantra of Warby
 Parker.

 The company also efficiently markets its products through
 print advertising and online promotions. The Brand is
 featured in The New York times, Vogue, GQ & Daily
 Candy. They have an active Blog Archive called Zagg
 Pepper which helps consumers to stay up to date with
 their activities and also responds to questions or doubts
 that people may have about the brand.
They send out press releases and conduct outdoor events
for launches which help to promote the product and
reach out to their target consumers. They also have an
active social media marketing team (Facebook, Linkedin &
Twitter). Needless to say, this team is very creative as
they not only promote their product on social networking
sites but for every ten likes on their Facebook page they
donate a pair of glasses to a person in need through
vision spring.

The company continues to grow as thousands of
influential brand ambassadors (their customers) do their
marketing for them. The customer experiences and
reviews is the main marketing tool which the company
utilizes to reach out to potential consumers
SWOT Analysis


            Strengths                        Weaknesses

              - low cost              -does not accept insurance
      -convenience of online               -distrust with online
        -socially responsible               -many competitors
   -the necessity of the product        - ineffective advertising
                                         - low brand awareness
          Opportunities                        Threats

     -large uninformed market          -other online competitors
-younger generation has more trust   -competition from well known
       with online purchasing                  companies
  - younger people are becoming
more and more socially responsible
Strengths
 -low cost- Glasses from Warby Parker cost only $95, compared with other
 prescription glasses that can cost between $150-$300 or more.

 -convenience- Warby Parker offers the option to try-on and ultimately
 purchasing glasses online, without having to leave your home.

 -socially responsible-
 Warby Parker cares about
  people, and proves this
  by providing glasses to
  people in need.

 -eyeglasses are a
  necessity-Eyeglasses are
  a necessity for people
  all around the world,
 which is a really great
  benefit to a company that sells eyewear.
Weaknesses
  -distrust with online-Many people are still hesitant to purchase prescription
  glasses online.

  -does not accept insurance- Since the price of the glasses is low, Warby Parker
  does not accept insurance. However, some insurance providers will reimburse the
  customer after the purchase. So, Warby Parker will provide a receipt for your
  purchase.

  -many competitors-When buying eyeglasses online there is a lot of
  competition, and many different websites to purchase prescription eyeglasses.

  Ineffective advertising: the brand does not have a very effective advertising and
  marketing campaign

  low brand awareness: the visibility and reach of the brand is much lesser than its
  competitors
Opportunities
  -large uninformed market- There are a lot of
  people who have heard about the Warby
  Parker brand, but there is still a really large
  percent of the market that is uninformed. This
  is a great opportunity for Warby Parker to
  target this unknown market, and make its
  name known.

  -younger generation has more trust with
  online purchasing-Although, there is still a
  great distrust with online purchasing with
  each generation the trust in online purchasing
  is growing. This will give Warby Parker a larger
  market over time.

  younger people are becoming more and
  more socially responsible - Nowadays the
  generation of youngsters have become
  extremely conscious socially and have an urge
  to do some good to the society.
-new online competition- other competition
could arise once the market discovers Warby
Parker, so it is important to establish a
recognizable brand identity. This also includes
already established brands that do not
currently sell glasses, but could become a
threat. For example, TOMS Shoes, which
currently offers sunglasses, but not
prescription eyeglasses.

-already known companies/saturation-There
is a lot of already existing competition from
other eyeglass companies online and offline.
Segmentation of Target
           Market
Primary                                Secondary

The primary target market segment      The secondary target market will
will be 18 to 25 year old males and    be 30 to 35 year old females and
females     or    college/university   males or recent graduates seeking
students who are in need of            or occupying entry-level job
affordable glasses. This target        positions. The focus on a younger
group are not only inclined to         age group is strategically meant to
online shopping but readily express    develop and sustain brand loyalty
the desire to give to a good           with them.
cause, express their unique
style, and save some cash at all
cost.
Target Market
           Demographics
Based on the focus group findings, we believe that we
have a good knowledge of our target audience as
follows:

The primary target audience is composed of males
and females or college/university students between
the ages of 18 and 25. They are still pursuing their
education and are part of middle class of the St.
Louis, Missouri area. These target audience are still
dependent on their families for financial support and
incentives.

The secondary target audience consists of males and
females between the ages of 30 and 35. They are
working on receiving a higher education or have just
recently graduated and/or seeking/occupying entry-
level job positions.
Target Market
Psychographics
Our primary target audience
 consists of 18 to 25 years old
males and females looking for a
reason to be involved with a
 cause or still searching to
find a cause to support. They
 are very outgoing, active, trendy, and ambitious with an affinity for vintage
collectibles and a strong desire to make the world a better place.

The secondary target audience consists of males and females between the
ages of 30 and 35. They may be starting up or already have small-sized
families hence likely to have disposable income. They are also socially
responsible and care about the lives, happiness, and careers of family
members and people around St. Louis metropolitan area and the world at
large.
Competitive Analysis

Warby Parker has to fight competitors on multiple fronts.
With most of Warby Parker's business stemming from the
internet, most of the brand's major competition comes
from physical store fronts such as Doctors Valu Visual and
Wal-Mart Vision Center. These stores offer affordable
prices with hands on service, eye exams at the store, and
convenient locations inside shopping centers and retail
stores

Warby Parker also has several other competitors like the
Zenni Optical and Coastal Contacts, which are online eye
wear retailers. Like Warby Parker, these online stores also
offer glasses at competitive prices and an online virtual
“try on”. They also offer wide a variety of brands, as they
do not make their own glasses.

However, neither of these online stores offers a free “try
at home” service. Also none of these competitors listed
above offer a socially responsible outcome with their
sales
Competitive Matrix
Consumer Analysis

General Customer Questions

Primary research is a key step in
understanding a market and its
customers. Our group used two
different techniques to collect and
measure the data. First, we conducted
a focus group to get in-depth
information       on       consumer’s
questions, thoughts and concerns
when purchasing eyewear. We also
surveyed 56 people who wear
eyeglasses, mostly people between the
ages of 18-40. This gave us opinions
from people of many different age
groups to help determine the target
market for our product.
Consumer Purchasing Questions

 We began our survey by asking about
general eyewear purchase decisions: where
do you purchase eyeglasses, how often do
you purchase eyeglasses, from where do
you purchase eyeglasses, etc.

 These questions told us the general
purchase habits of eyeglass customers, our
competitors and also the demand for our
product. Thirty-four percent of respondents
spend $100-200 dollars on prescription
eyeglasses. This tells us that our eyeglasses
are a good price for consumers, because we
charge less than what half of the
respondents are already paying for
eyeglasses. This is can be a potential
benefit that can be advertised in the future.
General Customer Behavior

 When asked if the consumers had a
back-up    pair    of   glasses    29
respondents (52%) said they do have
a back-up pair of glasses. This is
important information due to the
large number of customers who
purchase eyeglasses using their
insurance. This means that Warby        Do you own a back-up pair of glasses?
Parker may not only reach those who     No- 27               48%
do not have insurance, but also those   Yes-29               52%
people with insurance who would like
a back-up pair of glasses. This gives
Warby Parker a larger market.
Eyeglass Features

                                          When asked about the importance of
                                          different features of eyeglasses the
                                          responses were very helpful. On a 5
                                          point scale 1 not important and 5 very
Please rate the below factors based on    important the respondents were asked
their importance when purchasing          to rate the following factors:
prescription eyeglasses. - Style          style, price, comfort, brand, weight and
                                          durability. The results showed that price
                                          and style were very important to most
                                          consumers. Brand was ranked not
                                          important by roughly 71% of the
                                          respondents. This is very good news for
                                          Warby Parker, a brand that is not a well
                                          known name currently in the eyeglass
 Please rate the below factors based on
 their importance when purchasing
                                          market.
 prescription eyeglasses. - Price
Online Behavior

The survey showed that there is still a high
percentage of people in the market who do
not make purchases online. Out of the 56
people surveyed 26 people or 46% had never
made a purchase online. This was interesting
information that revealed a weakness, as       Have you ever shopped online?
well as an opportunity for Warby Parker. Our
survey also revealed that 57% of the
consumers surveyed were not very willing to
purchase eyeglasses online. This is also an
opportunity for Warby Parker to become the
trusted company, among other online
eyewear companies.
                                                   Not very               Very
                                                   willing to        willing to
                                                   purchase          purchase
Objectives

Communication Objectives

  We aim to increase the awareness about the brand Warby
  Parker amongst consumers within a span of one year. A
  study would be conducted on our competitors’ advertising
  patterns, and the needs of the consumers would be
  analyzed. Based on these parameters, an effective
  advertising and marketing campaign would be developed.

  We also aim to motivate action amongst the consumers to
  purchase the product by shaping their attitudes and by
  creating awareness about the social responsibility aspect
  of the brand.
Media Objectives

We aim to target our advertising campaign towards our primary and
secondary audience.

PRIMARY : 18 to 25 year old males and females or college/university
students

SECONDARY : 30 to 35 year old females and males or recent graduates

We also aim to increase our brand awareness at St. Louis and other
neighboring cities. We aim to use media and events that would be of
interest for the younger generation as they are our primary audience. We
would be using a mixture of traditional and non-traditional media to
increase the reach of our brand.
Traditional

•Print Ads (Posters & Billboards,
News paper, Magazine)
 (also outlining the corporate
 social responsibility of the
brand)
•University Campus Posters

Non traditional

•Metro Outdoor Advertising
•Barricade Advertising
•Stairway Advertising
•Escalator Advertising
•Eyeglass Decal Advertising
(Mirrior & LCD screens)
•Mall Elevator Advertising
• Concerts & Online Events
Creative Strategy
For the Big Idea of this campaign, we wanted to communicate to our Target Consumers
about the corporate social responsibility aspect of the Brand - Warby Parker.

The main purpose of this idea is to build Brand awareness and motivate action
amongst
the consumers to purchase the product. We aim to do this by shaping their attitudes
towards becoming more socially responsible.

The new Tag line ‘Giving a new perspective!’ is to communicate that Warby Parker
Glasses give a new perspective to see the world. In a way it also communicates that
for every pair of WP glasses bought by a consumer, a person in need is given the gift of
vision.

The campaign consists of Ads that bring out the social responsibility aspect of the
Brand. They are also made to look stylish and youthful to cater to the Primary Target
Audience, who are basically youngsters and students.
New LOGO



The Warby Parker logo is simple and easy
to read. The logo is the name of the
Brand in Black with a white background.
The logo has one of the exquisite designs
of WP eyeglasses depicting the letter ‘B’
in the word ‘WARBY’. The Logo has a
personality of its own which matches the
Brand’s personality of being simple yet
stylish.
Traditional
St. Louis Magazine Advertising $10,400
Traditional
Print Advertising
Traditional
Billboard Advertising   $3,500
Traditional
Print Advertising
Ambient/Guerilla
Metro Outdoor Advertising   $4,700
Barricade Advertising   $4,500
Stairway Advertising   $4,000
Escalator Advertising   $4,000
Campus Posters   $250
Eyeglass decal advertising   $4720
Eyeglass frames with LCD screens   $3710
Advertising in Mall   $4,000

Elevators
Advertising in Mall

Elevators
Events
    Concert at the Arch                          $10,000




A great way to create a big buzz around our brand is to sponsor a free concert. And what better way to
get people to attend than to hold the concert under one of the world’s most famous landmarks, the St.
Louis Arch. WP will sponsor a totally free concert featuring young, up and coming groups The Dean’s
List, and 2AM Club at the public hard top area under the St. Louis arch. This will allow us to bring
awareness to our brand and we can have the band wear our glasses during the performance. Both of
the Bands will cost $3,000 for the performance. Normal cost for renting space in a park is from $50-
$100 , but with the Arch belonging to a national park, the price will be higher. The stage, lighting, and
sound equipment can be rented in a bundle fro $600, bring our total to apx. $10,000.
St. Louis Arch Eyeglasses Projection                $10,000



Also, with an additional $10,000 we will advertise
on the St. Louis Gateway Arch with a Warby Parker
eyeglass projection during the concert.
Flash Mobs at College campuses in and near St. Louis

The flash mobs will take place at University campuses       $2,920
in and near St. Louis, MO.

10 people would be hired to go to one campus each
to select students to participate in the flash mob.
They will be hired by the hour to teach dance to
randomly selected students on campus. These
students will perform the dance during one major
event on campus and these will all take place in the
month of May. The month of May usually has good
weather and there are many events in this month on
college campuses.

The students in the flash mob will be told to wear
attire similar to the style of the Warby Parker brand. If
the students wear glasses they will be given one pair
of glasses with their prescription for free to wear in
the mob. If they do not wear prescription glasses then
the students will be given sunglasses made by Warby
Parker to wear in the mob. All students will be
allowed to keep the glasses after the perform in the
flash mob.
Online Event — “Wear Your Style!”                               $10,500

We would like to hold an online event for everyone who is interested in our
brand to design their own pair of eye glasses. In this way, we will not only
promote our brand, but also gain new designs from our customers and know
better of their preferences.

There will be three parts in this event. First, we will set up a webpage where
everyone can upload their own design images. In the second part, everyone
can vote for the designs. The top three highest voted designs will be
produced and given to their designers. After that, the three winners will get
a round trip tickets to a foreign country to give out glasses to the people in
need by their own. We would also hold a press meet to report the whole
event.
Media Plan

   Budget
Traditional:                                 Event:
St. Louis Magazine Advertising     $10,400   Concert under the Arch         $10,000
Billboard Advertising              $3,500    Arch eyeglasses projection     $10,000
                                             Flash Mobs at campuses         $2,920
                                             Online Event- Wear Your Style! $10,500
Ambient/Guerilla:
Metro Outdoor Advertising          $4,700
Barricade Advertising              $4,500
Stairway Advertising               $4,000
Escalator Advertising              $4,000
Campus Posters                     $250
Eyeglass Decal Advertising         $4,720
Eyeglass frames with LCD screens   $3,710
Mall Elevator Advertising          $4,000
Media Schedule
Budget Allocation (One Year Projection)




                Primary Target Audience           Cost

Flash Mobs at College campuses in and near STL   $2,920

Campus Posters                                    $250
Concert under the Arch                           $10,000
St. Louis Arch eyeglasses projection             $10,000
Online event                                     $10,500
Total                                            $33,670
               Secondary Target Audience
St. Louis Magazine                               $10,400
Total                                            $10,400


               Both (Primary & Secondary)
Billboard                                        $3,500
Metrolink Window Ads                             $4,700
Barricade Advertising                            $4,500
Stairway Advertising                             $4,000
Escalator Advertising                            $4,000
Eyeglass decal ads in Mall                       $4,720
Eyelass frames with LCD screens                  $3,710
Elevator Ads                                     $4,000
Total                                            $33,130
Budget Allocation (One Year Projection) Cost
                                                                                            Campus Posters
                                                           Flash Mobs at College                 0%
                                                         campuses in and near STL
                                                                   2%                    Concert under the Arch
                                                                                                  6%
                                                                                                          St. Louis Arch
                                                                                                      eyeglasses projection
                                         Total
                                                                                                                6%
                                         21%
  Elevator Ads
       3%                                                                                          Online event
                                                                                                        7%
   Eyelass
frames with
LCD screens
     2%
 Eyeglass
decal ads in                                                                                                 Total
   Mall                                                                                                      22%
    3%
     Escalator
    Advertising
                                                 Total              St. Louis Magazine
        3%
                                                  7%                        7%
 Stairway
Advertising
    3% Barricade    Metrolink
       Advertising Window Ads
          3%           3%                                                                   Secondary Target Audience
                                                                                                       0%
                   Billboard
                       2% Both (Primary & 0%
                            Secondary)
                                0%
Budget Graphs

Budget Distribution to each type of Advertising



          15%
                               27%                Traditional

                                                  Ambient/Guerilla

                                                  Events

          58%
Budget direction


                      Target
                       15%




              Secondary
                 85%
$30,000.00
                                                  January
$25,000.00                                        February
                                                  March

$20,000.00                                        April
                                                  May

$15,000.00                                        June
                                                  July
                                                  August
$10,000.00
                                                  September
                                                  October
 $5,000.00
                                                  November
                                                  December
    $0.00

             Budget Distribution for each month
Budget rate of each month
40

35

30

25

20

15                           percentage
10

5

0
Evaluation
Our advertisement plan reaches a
wide range of media and outlets, but
we feel that our brand will stand out
the most if we concentrate most of
the budget on ambient and guerilla
advertising. $29,880.00 of our
budget is devoted to guerilla and
ambient advertisements. This
includes many interactive projects
such as the barricade advertisement,
Interesting ads in malls, metro buses
and the mirror/LCD advertisements.
We also have a fair amount of investment
in traditional advertising. For traditional
advertising we decided to target St. Louis
excusive media such as St. Louis
Magazine and STLToday.com. $ 13,900.00
of our budget will go to traditional
advertisement.

       We are also spending $33,420.00
       on events and feel they should be
       very popular events that will get a
       lot of publicity. Our four events
       include a free concert under the
       Arch (with WP glass projections
       on the Arch), an online design
       event, and Flash Mobs.
Contingency Plan

With a grand budget of $77,200.00 we are over our
$50,000.00 target budget, so we are not expecting any left
over money.

However, if we do find ourselves with any leftover
funds, we would utilize it towards improving our events and
advertisements.

This may pay for things such as extra food and refreshments
for our bands performing at our concerts or flash mobs.
Impressions


                                        Warby Parker Impressions
                              Online Event
Flash Mobs at College Campuses in/near STL
                   St. Louis Arch Projection
                   Concert under the Arch
                               Elevator Ads
          Eyeglass frames with LCD screens
                 Eyeglass Decal Ads in Mall
                           Campus Posters
                              Escalator Ads
                              Stairway Ads
                             Barricade Ads
                    Metrolink Window Ads
                                  Billboard
                        St. Louis Magazine

                                               0   500000   1000000   1500000   2000000   2500000
Impressions
St. Louis Magazine                 480000

Billboard                          1200000

Metrolink Window Ads               1200000

Barricade Ads                      60000

Stairway Ads                       1100000

Escalator Ads                      1100000

Campus Posters                     5000

Eyeglass Decal Ads in Mall         2000000

Eyeglass frames with LCD screens   400000

Elevator Ads                       480000

Concert under the Arch             200000

St. Louis Arch Projection          200000

Flash Mobs at College Campuses
in/near STL                        50000

Online Event                       60000
References


Hussey, R. (n.d.). affordablebillbards.com. Retrieved November 23, 2011, from
http://www.affordablebillboards.com/index2.html

Capital Metropolitan Transportation Authority. (n.d.). Capital Metro. Retrieved November
23, 2011, from http://www.capmetro.org/business/transitadv.asp

Loopnet. (2011). Saint Louis Shopping Centers for Lease. Retrieved November 23, 2011,
from
http://www.loopnet.com/Missouri/Saint-Louis_Shopping-Centers-For-Lease/

St. Louis Post Dispatch. (2010). Retrieved November 23, 2011, from
http://images.stltoday.com/stltoday/images/st_louis_post-
           dispatch_retail_rates_2011.pdf
BlueLineMeida. (2011).Retrieved November 29th, 2011, from
http://www.bluelinemedia.com/billboard-advertising-media_13.html#rates

Wikipedia. (2011). Retrieved November 29th, 2011, from
http://en.wikipedia.org/wiki/List_of_U.S._minimum_wages

Amazon. (2011). Retrieved November 29th, 2011, from
http://www.amazon.com/s/ref=nb_sb_noss?url=search-alias%3Daps&field-
         keywords=painting&x=0&y=0#/ref=sr_pg_2?rh=i%3Aaps%2Ck%3Apaint&page
=2&d= 1&keywords=paint&ie=UTF8&qid=1321649566

Explore St. Louis. (2011). Retrieved November 30th, 2011, from
http://explorestlouis.com/visit-        explore/see-do/see-do-
member/?mid=67&gclid=CL6i4bfl36wCFS4DQAodFw2Tng

Graphxonline. (2010). Retrieved November 23, 2011, from
http://graphxonline.com/designonline/
St. Louis Union Station. (2011). Retrieved November 30th, 2011,
from http://www.stlouisunionstation.com/index.cfm

St. Louis Galleria Mall. (2011). Retrieved November 30th, 2011,
from http://www.saintlouisgalleria.com/directory

Costal Contacts. 2011. http://www.coastalcontacts.com/

Doctor’s Valu Vision. 2011. http://www.drsvaluvision.com/

Explore St. Louis. 2011. http://explorestlouis.com/visit-
explore/events/?gclid=CN3vwOfWg6wCFW0CQAodu3hfKA

Wal-Mart Vision Center. 2011.
http://www.walmart.com/cp/Vision/1061724

Warby Parker. 2011. http://store.warbyparker.com/

Warby Parker Facebook. 2011.
http://www.facebook.com/warbyparker

Zenni Optical. 2011. http://www.zennioptical.com/
Thank you!

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Brand management project warby parker

  • 1. Haley Siying Adithi Kazi Odundo
  • 2. Introduction Brand Mission Warby Parker believes that everyone has the right to see. Millions of people around the world today don’t have access to proper vision care. To help address this problem, Warby Parker partners with renowned non-profits, such as RestoringVision.org, to deliver one pair of glasses to someone in need for every pair sold.
  • 3. In doing so, we enable customers to share the gift of vision with someone who can’t see today and give them the opportunity to read, to work and to live a fuller life. Warby Parker was created with the desire to help customers give to a good cause, express their unique style, and save some cash.
  • 4. Company History History Warby Parker was launched in February, 2010 by four friends that all attended Wharton College in Philadelphia, PA. Neil Blumenthal , Andrew Hunt, Jeffrey Raider, and David Gilboa started Warby Parker as a online store to bypass the retailers and cut the cost of eyewear. While most prescription eyeglass companies operate mostly offline, Warby Parker does things differently, of course.
  • 5. Development They sell most of their inventory online, and only have five physical locations. The five stores are located in Brooklyn, NY, San Francisco, CA, Oklahoma City, OK, Portland, OR, and the headquarter is located in New York, NY. The company was born out of our collective personal traits: a penchant for outrageous outfits, an affinity for vintage collectibles and a strong desire to make the world a better place.
  • 6. Brand Personality What’s in a name??? Well for Warby Parker, there is A LOT in our name!!! The name Warby Parker came from a master wordsmith and pop culture icon, Mr. Jack Kerouac. Jack Kerouac was an American novelist and poet. Two of his earliest characters bore the names Zagg Parker and Warby Pepper (creative and unique, right?). Together these two characters created the name Warby Parker.
  • 7. This name says a lot about our company, because we are cool, almost as cool as Mr. Jack Kerouac’s stories. But Warby Parker is more than just a name, because we are more than just a really attractive company!!! We are a company that cares about the lives, happiness, and careers of people around the world. That’s why we give thousands of glasses away free every year to people that really need to see!
  • 8. Branding Logo Analysis Warby Parker’s personality is The Warby Parker logo is simple clear. We know our customer’s and clear. The logo is the name and they know us. Warby Parker Warby Parker in dark is all about helping people and gray with a white background. seeing how together lives can This logo is chic and modern, be changed. We reach an lacking clutter. Our company also audience that has a casual cool reinforces this logo with 5 style and wants to change the showrooms that are clean and world one pair of glasses at a clutter free, offering high quality time. products at low prices. We are a small company that wants the best for our valued customers.
  • 9.
  • 10. ANALYSIS Branding: Warby Parker’s brand is both trendy and classic. It has updated and refreshed classic vintage eyewear styles - spending several months crafting each frame to develop a line with a personality that is both contemporary and refined. Each frame is handcrafted using only the finest custom acetates and takes over three weeks to produce from initial cut through polishing. Warby Parker utilizes best-in-class polarized lenses to provide superior glare reduction and UV protection. Logo Analysis: Warby Parker was founded with a rebellious spirit and a lofty objective: to create boutique-quality, classically crafted eyewear at a revolutionary price point. Thus, Warby Parker’s logo feeds into their clear brand personality and the inferred tagline of “We know our customer’s and they know us.” Its simplicity denotes the meticulousness and collaborative efforts of the founders “Warby Parker” – an alternative concept to the overpriced and bland eyewear available today. Advertising Materials: Warby Parker is able to provide higher-quality, better looking prescription eyewear for under $100 by circumventing traditional channels and engaging their customers directly through their website. Moreover, they have an updated blog and Facebook page as a way of reaching target audience in the most cost-effective manner in order to advance their new concept of eyewear.
  • 11. Focus Group Age: 18——35 Requirement: people wear glasses Total Number: 5
  • 12. Questions for Group Discussion 1、Where do you buy your glasses? Kelsy- Wal-Mart Laxmi- Vamayekar – Indian Company Katie- Americas Best Mary- Marion Eye Center Tom- Clarkson Eyewear 2、How often do you buy your glasses? Kelsy- Depends on insurance Laxmi- once a year Katie- once a year Mary- Depends on insurance Tom- haven’t in 4 years
  • 13. 3、Which is the most influential factor that affects your purchase decision (e.g.: price, quality, style, Brand etc.)? Laxmi- Price has a large influence, because quality is low. Katie- Price is most important and then style within the price range. 4、Are you hesitant to purchase glasses online? All participants said that they do not fully trust online eyewear companies.
  • 14. 5、If you are offered free home try-ons, free shipping and free returns, would you be willing to shop online for glasses? All said maybe they would be more willing to try them. One participant said they would not want to be responsible for the try-on glasses. 6、What are the Glass brands you can recollect? Levi Strauss but participant doesn’t have to have that brand No participants were brand specific
  • 15. 7、Have you heard of the brand Warby Parker? None of the participants had heard of Warby Parker 8、What do you think about the idea of Warby Parker delivering one pair of glasses to someone in need for every pair that they sell? All liked this idea and 2 or 3 participants said that they would be more likely to purchase glasses because of this.
  • 16.
  • 17. Other Notes None of the participants were brand specific. Customers would like a follow-up on the child that receives the glasses. Warby Parker should offer glasses for children and also offer contacts for those that do not like glasses. Promote brand on college campuses to make brand more known and trusted for customers. Many expressed a general concern when purchasing glasses online. Weight of glasses should be posted online.
  • 18. Concerns Maintenance- Where can I get the glasses fixed?
  • 19. Marketing Mix Product Warby Parker was founded with a rebellious spirit and a lofty objective: to create boutique quality, classically crafted eyewear at a revolutionary price point. They meticulously crafted their first collection of 27 limited run styles for both men and women, plus one monocle, using only the finest custom acetates and materials. The Warby Parker aesthetic is vintage-inspired, with a fashion forward twist - and every pair is custom fit with anti-reflective, polycarbonate prescription lenses. The company also partners with renowned non-profits, such as RestoringVision.org, to deliver one pair of glasses to someone in need for every pair that they sell. In doing so, they enable customers to share the gift of vision with someone who can’t see today and give them the opportunity to read, to work and to live a fuller life.
  • 20. Price Warby Parker is a true blessing in corporate clothing as they offer high quality prescription glasses just for $95. How do they do it? By circumventing traditional channels and engaging with their customers directly through their website, Warby Parker provides higher-quality, better looking prescription eyewear for under $100. Available exclusively through the Warby Parker website, their glasses retail for $95 which include Polycarbonate prescription lenses with anti-reflective and anti-scratch coatings. They also offer free shipping, free returns, and free virtual and home try- ons every single day.
  • 21. Place Warby Parker is essentially an online brand. All of their optical glasses and sunglasses are available to try on in our New York City office and showroom. They also rent space in a few stores in big cities where people can try on glasses before ordering online. They have partnered with a select number of like-minded boutiques across the country to serve as showrooms for their collection.
  • 22. Their showrooms are located in: • NEW YORK, NY : WARBY PARKER HEADQUARTERS, 13 E 16TH ST • BROOKLYN, NY : BIRD, 203 GRAND ST • SAN FRANCISCO, CA: THE PERISH TRUST, 728 DIVISADERO ST • BOSTON, MA: STEL’S, 334 NEWBURY ST • OKLAHOMA CITY, OK : SHOP GOOD, 3 NW 9TH ST • PORTLAND, OR : LIZARD LOUNGE, 1323 NW IRVING ST
  • 24. Others New York, NY Brooklyn, NY San Francisco, CA Boston, MA Oklahoma City, OK Portland, OR
  • 25. Promotion Transparent business model, Corporate social responsibility, Focused product mix and well managed customer relations constitute the success mantra of Warby Parker. The company also efficiently markets its products through print advertising and online promotions. The Brand is featured in The New York times, Vogue, GQ & Daily Candy. They have an active Blog Archive called Zagg Pepper which helps consumers to stay up to date with their activities and also responds to questions or doubts that people may have about the brand.
  • 26. They send out press releases and conduct outdoor events for launches which help to promote the product and reach out to their target consumers. They also have an active social media marketing team (Facebook, Linkedin & Twitter). Needless to say, this team is very creative as they not only promote their product on social networking sites but for every ten likes on their Facebook page they donate a pair of glasses to a person in need through vision spring. The company continues to grow as thousands of influential brand ambassadors (their customers) do their marketing for them. The customer experiences and reviews is the main marketing tool which the company utilizes to reach out to potential consumers
  • 27. SWOT Analysis Strengths Weaknesses - low cost -does not accept insurance -convenience of online -distrust with online -socially responsible -many competitors -the necessity of the product - ineffective advertising - low brand awareness Opportunities Threats -large uninformed market -other online competitors -younger generation has more trust -competition from well known with online purchasing companies - younger people are becoming more and more socially responsible
  • 28. Strengths -low cost- Glasses from Warby Parker cost only $95, compared with other prescription glasses that can cost between $150-$300 or more. -convenience- Warby Parker offers the option to try-on and ultimately purchasing glasses online, without having to leave your home. -socially responsible- Warby Parker cares about people, and proves this by providing glasses to people in need. -eyeglasses are a necessity-Eyeglasses are a necessity for people all around the world, which is a really great benefit to a company that sells eyewear.
  • 29. Weaknesses -distrust with online-Many people are still hesitant to purchase prescription glasses online. -does not accept insurance- Since the price of the glasses is low, Warby Parker does not accept insurance. However, some insurance providers will reimburse the customer after the purchase. So, Warby Parker will provide a receipt for your purchase. -many competitors-When buying eyeglasses online there is a lot of competition, and many different websites to purchase prescription eyeglasses. Ineffective advertising: the brand does not have a very effective advertising and marketing campaign low brand awareness: the visibility and reach of the brand is much lesser than its competitors
  • 30. Opportunities -large uninformed market- There are a lot of people who have heard about the Warby Parker brand, but there is still a really large percent of the market that is uninformed. This is a great opportunity for Warby Parker to target this unknown market, and make its name known. -younger generation has more trust with online purchasing-Although, there is still a great distrust with online purchasing with each generation the trust in online purchasing is growing. This will give Warby Parker a larger market over time. younger people are becoming more and more socially responsible - Nowadays the generation of youngsters have become extremely conscious socially and have an urge to do some good to the society.
  • 31. -new online competition- other competition could arise once the market discovers Warby Parker, so it is important to establish a recognizable brand identity. This also includes already established brands that do not currently sell glasses, but could become a threat. For example, TOMS Shoes, which currently offers sunglasses, but not prescription eyeglasses. -already known companies/saturation-There is a lot of already existing competition from other eyeglass companies online and offline.
  • 32. Segmentation of Target Market Primary Secondary The primary target market segment The secondary target market will will be 18 to 25 year old males and be 30 to 35 year old females and females or college/university males or recent graduates seeking students who are in need of or occupying entry-level job affordable glasses. This target positions. The focus on a younger group are not only inclined to age group is strategically meant to online shopping but readily express develop and sustain brand loyalty the desire to give to a good with them. cause, express their unique style, and save some cash at all cost.
  • 33. Target Market Demographics Based on the focus group findings, we believe that we have a good knowledge of our target audience as follows: The primary target audience is composed of males and females or college/university students between the ages of 18 and 25. They are still pursuing their education and are part of middle class of the St. Louis, Missouri area. These target audience are still dependent on their families for financial support and incentives. The secondary target audience consists of males and females between the ages of 30 and 35. They are working on receiving a higher education or have just recently graduated and/or seeking/occupying entry- level job positions.
  • 34. Target Market Psychographics Our primary target audience consists of 18 to 25 years old males and females looking for a reason to be involved with a cause or still searching to find a cause to support. They are very outgoing, active, trendy, and ambitious with an affinity for vintage collectibles and a strong desire to make the world a better place. The secondary target audience consists of males and females between the ages of 30 and 35. They may be starting up or already have small-sized families hence likely to have disposable income. They are also socially responsible and care about the lives, happiness, and careers of family members and people around St. Louis metropolitan area and the world at large.
  • 35. Competitive Analysis Warby Parker has to fight competitors on multiple fronts. With most of Warby Parker's business stemming from the internet, most of the brand's major competition comes from physical store fronts such as Doctors Valu Visual and Wal-Mart Vision Center. These stores offer affordable prices with hands on service, eye exams at the store, and convenient locations inside shopping centers and retail stores Warby Parker also has several other competitors like the Zenni Optical and Coastal Contacts, which are online eye wear retailers. Like Warby Parker, these online stores also offer glasses at competitive prices and an online virtual “try on”. They also offer wide a variety of brands, as they do not make their own glasses. However, neither of these online stores offers a free “try at home” service. Also none of these competitors listed above offer a socially responsible outcome with their sales
  • 37. Consumer Analysis General Customer Questions Primary research is a key step in understanding a market and its customers. Our group used two different techniques to collect and measure the data. First, we conducted a focus group to get in-depth information on consumer’s questions, thoughts and concerns when purchasing eyewear. We also surveyed 56 people who wear eyeglasses, mostly people between the ages of 18-40. This gave us opinions from people of many different age groups to help determine the target market for our product.
  • 38. Consumer Purchasing Questions We began our survey by asking about general eyewear purchase decisions: where do you purchase eyeglasses, how often do you purchase eyeglasses, from where do you purchase eyeglasses, etc. These questions told us the general purchase habits of eyeglass customers, our competitors and also the demand for our product. Thirty-four percent of respondents spend $100-200 dollars on prescription eyeglasses. This tells us that our eyeglasses are a good price for consumers, because we charge less than what half of the respondents are already paying for eyeglasses. This is can be a potential benefit that can be advertised in the future.
  • 39. General Customer Behavior When asked if the consumers had a back-up pair of glasses 29 respondents (52%) said they do have a back-up pair of glasses. This is important information due to the large number of customers who purchase eyeglasses using their insurance. This means that Warby Do you own a back-up pair of glasses? Parker may not only reach those who No- 27 48% do not have insurance, but also those Yes-29 52% people with insurance who would like a back-up pair of glasses. This gives Warby Parker a larger market.
  • 40. Eyeglass Features When asked about the importance of different features of eyeglasses the responses were very helpful. On a 5 point scale 1 not important and 5 very Please rate the below factors based on important the respondents were asked their importance when purchasing to rate the following factors: prescription eyeglasses. - Style style, price, comfort, brand, weight and durability. The results showed that price and style were very important to most consumers. Brand was ranked not important by roughly 71% of the respondents. This is very good news for Warby Parker, a brand that is not a well known name currently in the eyeglass Please rate the below factors based on their importance when purchasing market. prescription eyeglasses. - Price
  • 41. Online Behavior The survey showed that there is still a high percentage of people in the market who do not make purchases online. Out of the 56 people surveyed 26 people or 46% had never made a purchase online. This was interesting information that revealed a weakness, as Have you ever shopped online? well as an opportunity for Warby Parker. Our survey also revealed that 57% of the consumers surveyed were not very willing to purchase eyeglasses online. This is also an opportunity for Warby Parker to become the trusted company, among other online eyewear companies. Not very Very willing to willing to purchase purchase
  • 42. Objectives Communication Objectives We aim to increase the awareness about the brand Warby Parker amongst consumers within a span of one year. A study would be conducted on our competitors’ advertising patterns, and the needs of the consumers would be analyzed. Based on these parameters, an effective advertising and marketing campaign would be developed. We also aim to motivate action amongst the consumers to purchase the product by shaping their attitudes and by creating awareness about the social responsibility aspect of the brand.
  • 43. Media Objectives We aim to target our advertising campaign towards our primary and secondary audience. PRIMARY : 18 to 25 year old males and females or college/university students SECONDARY : 30 to 35 year old females and males or recent graduates We also aim to increase our brand awareness at St. Louis and other neighboring cities. We aim to use media and events that would be of interest for the younger generation as they are our primary audience. We would be using a mixture of traditional and non-traditional media to increase the reach of our brand.
  • 44. Traditional •Print Ads (Posters & Billboards, News paper, Magazine) (also outlining the corporate social responsibility of the brand) •University Campus Posters Non traditional •Metro Outdoor Advertising •Barricade Advertising •Stairway Advertising •Escalator Advertising •Eyeglass Decal Advertising (Mirrior & LCD screens) •Mall Elevator Advertising • Concerts & Online Events
  • 46. For the Big Idea of this campaign, we wanted to communicate to our Target Consumers about the corporate social responsibility aspect of the Brand - Warby Parker. The main purpose of this idea is to build Brand awareness and motivate action amongst the consumers to purchase the product. We aim to do this by shaping their attitudes towards becoming more socially responsible. The new Tag line ‘Giving a new perspective!’ is to communicate that Warby Parker Glasses give a new perspective to see the world. In a way it also communicates that for every pair of WP glasses bought by a consumer, a person in need is given the gift of vision. The campaign consists of Ads that bring out the social responsibility aspect of the Brand. They are also made to look stylish and youthful to cater to the Primary Target Audience, who are basically youngsters and students.
  • 47.
  • 48. New LOGO The Warby Parker logo is simple and easy to read. The logo is the name of the Brand in Black with a white background. The logo has one of the exquisite designs of WP eyeglasses depicting the letter ‘B’ in the word ‘WARBY’. The Logo has a personality of its own which matches the Brand’s personality of being simple yet stylish.
  • 49. Traditional St. Louis Magazine Advertising $10,400
  • 59. Eyeglass frames with LCD screens $3710
  • 60. Advertising in Mall $4,000 Elevators
  • 62. Events Concert at the Arch $10,000 A great way to create a big buzz around our brand is to sponsor a free concert. And what better way to get people to attend than to hold the concert under one of the world’s most famous landmarks, the St. Louis Arch. WP will sponsor a totally free concert featuring young, up and coming groups The Dean’s List, and 2AM Club at the public hard top area under the St. Louis arch. This will allow us to bring awareness to our brand and we can have the band wear our glasses during the performance. Both of the Bands will cost $3,000 for the performance. Normal cost for renting space in a park is from $50- $100 , but with the Arch belonging to a national park, the price will be higher. The stage, lighting, and sound equipment can be rented in a bundle fro $600, bring our total to apx. $10,000.
  • 63. St. Louis Arch Eyeglasses Projection $10,000 Also, with an additional $10,000 we will advertise on the St. Louis Gateway Arch with a Warby Parker eyeglass projection during the concert.
  • 64. Flash Mobs at College campuses in and near St. Louis The flash mobs will take place at University campuses $2,920 in and near St. Louis, MO. 10 people would be hired to go to one campus each to select students to participate in the flash mob. They will be hired by the hour to teach dance to randomly selected students on campus. These students will perform the dance during one major event on campus and these will all take place in the month of May. The month of May usually has good weather and there are many events in this month on college campuses. The students in the flash mob will be told to wear attire similar to the style of the Warby Parker brand. If the students wear glasses they will be given one pair of glasses with their prescription for free to wear in the mob. If they do not wear prescription glasses then the students will be given sunglasses made by Warby Parker to wear in the mob. All students will be allowed to keep the glasses after the perform in the flash mob.
  • 65. Online Event — “Wear Your Style!” $10,500 We would like to hold an online event for everyone who is interested in our brand to design their own pair of eye glasses. In this way, we will not only promote our brand, but also gain new designs from our customers and know better of their preferences. There will be three parts in this event. First, we will set up a webpage where everyone can upload their own design images. In the second part, everyone can vote for the designs. The top three highest voted designs will be produced and given to their designers. After that, the three winners will get a round trip tickets to a foreign country to give out glasses to the people in need by their own. We would also hold a press meet to report the whole event.
  • 66. Media Plan Budget Traditional: Event: St. Louis Magazine Advertising $10,400 Concert under the Arch $10,000 Billboard Advertising $3,500 Arch eyeglasses projection $10,000 Flash Mobs at campuses $2,920 Online Event- Wear Your Style! $10,500 Ambient/Guerilla: Metro Outdoor Advertising $4,700 Barricade Advertising $4,500 Stairway Advertising $4,000 Escalator Advertising $4,000 Campus Posters $250 Eyeglass Decal Advertising $4,720 Eyeglass frames with LCD screens $3,710 Mall Elevator Advertising $4,000
  • 68. Budget Allocation (One Year Projection) Primary Target Audience Cost Flash Mobs at College campuses in and near STL $2,920 Campus Posters $250 Concert under the Arch $10,000 St. Louis Arch eyeglasses projection $10,000 Online event $10,500 Total $33,670 Secondary Target Audience St. Louis Magazine $10,400 Total $10,400 Both (Primary & Secondary) Billboard $3,500 Metrolink Window Ads $4,700 Barricade Advertising $4,500 Stairway Advertising $4,000 Escalator Advertising $4,000 Eyeglass decal ads in Mall $4,720 Eyelass frames with LCD screens $3,710 Elevator Ads $4,000 Total $33,130
  • 69. Budget Allocation (One Year Projection) Cost Campus Posters Flash Mobs at College 0% campuses in and near STL 2% Concert under the Arch 6% St. Louis Arch eyeglasses projection Total 6% 21% Elevator Ads 3% Online event 7% Eyelass frames with LCD screens 2% Eyeglass decal ads in Total Mall 22% 3% Escalator Advertising Total St. Louis Magazine 3% 7% 7% Stairway Advertising 3% Barricade Metrolink Advertising Window Ads 3% 3% Secondary Target Audience 0% Billboard 2% Both (Primary & 0% Secondary) 0%
  • 70. Budget Graphs Budget Distribution to each type of Advertising 15% 27% Traditional Ambient/Guerilla Events 58%
  • 71. Budget direction Target 15% Secondary 85%
  • 72. $30,000.00 January $25,000.00 February March $20,000.00 April May $15,000.00 June July August $10,000.00 September October $5,000.00 November December $0.00 Budget Distribution for each month
  • 73. Budget rate of each month 40 35 30 25 20 15 percentage 10 5 0
  • 74. Evaluation Our advertisement plan reaches a wide range of media and outlets, but we feel that our brand will stand out the most if we concentrate most of the budget on ambient and guerilla advertising. $29,880.00 of our budget is devoted to guerilla and ambient advertisements. This includes many interactive projects such as the barricade advertisement, Interesting ads in malls, metro buses and the mirror/LCD advertisements.
  • 75. We also have a fair amount of investment in traditional advertising. For traditional advertising we decided to target St. Louis excusive media such as St. Louis Magazine and STLToday.com. $ 13,900.00 of our budget will go to traditional advertisement. We are also spending $33,420.00 on events and feel they should be very popular events that will get a lot of publicity. Our four events include a free concert under the Arch (with WP glass projections on the Arch), an online design event, and Flash Mobs.
  • 76. Contingency Plan With a grand budget of $77,200.00 we are over our $50,000.00 target budget, so we are not expecting any left over money. However, if we do find ourselves with any leftover funds, we would utilize it towards improving our events and advertisements. This may pay for things such as extra food and refreshments for our bands performing at our concerts or flash mobs.
  • 77. Impressions Warby Parker Impressions Online Event Flash Mobs at College Campuses in/near STL St. Louis Arch Projection Concert under the Arch Elevator Ads Eyeglass frames with LCD screens Eyeglass Decal Ads in Mall Campus Posters Escalator Ads Stairway Ads Barricade Ads Metrolink Window Ads Billboard St. Louis Magazine 0 500000 1000000 1500000 2000000 2500000
  • 78. Impressions St. Louis Magazine 480000 Billboard 1200000 Metrolink Window Ads 1200000 Barricade Ads 60000 Stairway Ads 1100000 Escalator Ads 1100000 Campus Posters 5000 Eyeglass Decal Ads in Mall 2000000 Eyeglass frames with LCD screens 400000 Elevator Ads 480000 Concert under the Arch 200000 St. Louis Arch Projection 200000 Flash Mobs at College Campuses in/near STL 50000 Online Event 60000
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