Category: Teng’s


Why do we share so much on social media channels like Facebook and Twitter? Do we really need to tell everybody that we just did our laundry, or that we are taking our dog out for a walk? Do we really need to share our honeymoon pictures with the entire circle of friends; do we need to inform the entire world that a mild headache is not letting us concentrate today?

People talk social speech communication network connectionsPeople share everything these days. And I literally mean everything. No wonder companies are facing problem to segregate data that makes sense from all the data they have. And trust me, it is enormous. But let’s save the topic of big data for some other time. This post is reserved for why do people overshare?

People are sharing all sorts of personal information on Facebook and Twitter. Their food, their pets, their conversations, their stress outs, their personal favorites, their moods and what not; everything is out there in the open. I bet even Mark Zuckerberg, when he was creating Facebook, did not have a clue that this information oversharing would go to such extent. But what is the compulsion to share? Are we doing it on purpose or is there any other reason?

I was going through a post by Roger Cohen and I agree with what I read. As per his theory, we have always been hardwired to fear and that has been the reason of our survival; fear of wild beasts, then of plague and war. But today, it does not exist to that extent. So anxiety has to find a new focus. And that focus has shifted to the status anxiety. Someone unfriended us on Facebook, our status anxiety drops, some friend posted that he bought a new Ferrari, the status anxiety goes down, someone posts how she is having a holiday blast in Hawaii, the status anxiety goes down. What do we do to bring the status anxiety back up again? Share as much as possible!

We want to prove to the world that we exist. We are not over sharing but we just want to show the world that we are alive and that we are not anonymous. So more than doing what is important and pleases us, we have gotten in the race to show the world that we exist. As rightly mentioned by Cohen; I overshare therefore I am.

Teng

Our Market Research

Facebook is Dying

The miserable Monday mornings

What is it about Monday that makes it so miserable? One thing I know Monday’s weren’t as miserable when I was in college as they are now, when I am working. I guess the reason is simple, reference. Let me try and explain it to you in a bit more detail.

When I was in college we were working mostly. Hard as it may seem, we did not have any holidays, MBA is rigorous and it is said that my school is among the best in the country. We had to sweat it out on most weekends. There was always something pending. In case we got some time free we would go out on a trip. So there was hardly any time to rest. As a result Monday seemed nothing different from other days. Similarly, Friday was the same as any other day.

Now, when I am working, things have changed a lot. Now, Monday comes after 2 days of rest. Hence, it seems miserable. On Friday, on the other hand, the mind knows that 2 days of comfort lie ahead and hence is more ebullient than any other day.

It is a simple principle of contrast. Everything is relative. The previous thing and the next thing has an influence on us. We always compare. Money, Wealth, Education, Beauty, Knowledge, Status, we need a reference point for everything.

When you go out to buy a suit, the price of a shirt may not seem expensive even if it is beyond what you thought it would be. Similarly, the price of cuff links may not even be noticed. Accessories would seem cheaper when you buy a car. Marketers have realized this long back and they make full use of it. Have you ever purchased an year’s subscription of a magazine when you only wanted to buy a single copy just because the full year deal seemed a better saver? Sales people would often show you a poor product at the price you expect alongside with the one they want you to buy. Similar is the case with property dealers. There are so many other examples in the real and the virtual world. Some companies check, how many time does a user takes from searching the product to buying it. If it is not much they would sell it but if it is a lot, the companies know that the user is hesitant and they would give you an instant offer to make the deal more lucrative for you. I could go on and on.

When making a choice, we tend to stick to a mid-range of choices set and ignore the extreme ones. So just adding more items to the choice set can influence our preferences. So, Monday morning would always be miserable as long as Sunday is a holiday.

Sahil Bansal

Other Posts

Juice or No Juice..

Hello friends! Another happy experience, this time at Bangalore. So I was at this Total Mall on the Old Airport Road buying some groceries for the party we were organising for our friends and seniors. As you know, no party is complete without hard drinks so I was supposed to buy juices and cold drinks for the drinkers as well as the non-drinkers. I went to the juice section and dear lord; I saw ten different brands of juices all having at least 5 different variants.

As it is I was already confused between a fruit drink, a fruit juice and fruit nectar, now I had ten different brands to choose from. Tropicana from PepsiCo, Real, Real Activ and Real Burrst from Dabur, Minute Maid from Coca-Cola, Saint from Parle Agro, Ceres, KDD and B-Natural are the names I remember and trust me, there were more. Imagine choosing from among 50 products which doesn’t look much different to you.I realized our market is going the US way where one has about 300 brands for every product; yes the number is close to that, to choose from. Poor marketers have no other option but to increase their advertising spends so that they can get the so called share of mind.

Anyways, back to my experience, I selected some of them based on randomization and of course price. 😀

This was just for the non-drinkers and the vodka lovers, but what about others? Ahhh.. the whiskey and rum lovers only need soda and water and the mere thought of all sodas being the same no matter what the brand is, made me happy! 😀

Teng

Posts by Mirk:
Cadbury Dairy Milk
Coke’s Nestea
Nokia vs Micromax
7Up vs Sprite vs Moutain Dew
Britannia vs Kelloggs
Tang vs Fanta
Samsung vs Voltas

My favorite of the month

Coke’s NesTea

Coke introduces NesTea, a ready to drink beverage in the non carbonated segment. Priced at Rs 25 for a 400 ml pack, is it a good move?

If we look at the non carbonated drinks segment, Coke’s Pulpy Orange is priced at Rs 20 for a 400 ml pack and its Minute Maid Nimbu fresh is priced at Rs 15. Imagine how different it is for you to have a Nimbu drink or an Ice tea. I don’t think there is much.
Traditionally tea has been liked hot by Indians. Coke wants to change this Indian mentality. The reason could be probably Indians becoming more aware about their health coupled with their increasing ability to spend more. Ice tea would be a good substitute to carbonated drinks and would add to the options available in the non-carbonated segment.

Agreed, the Indian juice market is growing at a considerable pace, but 25 rupees for Ice tea? It is tea after all! We can spend more on fruit juices because its juice and packed fruit juice is good for health. At least that is what we think!

So will Coke be able to change this Indian mentality and especially at this higher price? I have my doubts but I am sure Coke has thought this through.

Teng

Other Posts:
Cadbury Dairy Milk
Nokia vs Micromax
7Up vs Sprite vs Moutain Dew
Britannia vs Kelloggs
Coke vs Apple
Tang vs Fanta
Samsung vs Voltas

My favorite of the month

The new face of Facebook

What an idea sir g. One of the best. So I was surfing on facebook on one of these days and I saw the ads of http://www.Letsbuy.com and http://www.yebhi.com. To add to it some of my friends also liked the ads. It made me interested and I, at once visited the websites. Although I didn’t shop at that time but I saw some good deals and recommended some of the products to my friends.

25 million users spending an average of 3 hour per month on a website. What an opportunity to get your message across to your target audience and that too on a website that is casual and not formal. Face book, specifically works on a one to one basis. I know what my friends like and when it comes to influencing my buying behaviour my friends are the best celebrities I can trust. So whatever they buy or like is probably good enough for me too. They are making advertising social.

What more can one expect. All companies: loot lo bhaiya mast opportunity hai.. They’ve proved channel V’s bai wrong.. itna paisa bhi itna ich nai iss se zyada milenga… 😛

Teng

Posts by Mirk:
Cadbury Dairy Milk
Coke’s Nestea
Nokia vs Micromax
7Up vs Sprite vs Moutain Dew
Britannia vs Kelloggs
Tang vs Fanta
Samsung vs Voltas

My favorite of the month

Starbucks: came and going soon

Hello sirs and madams. I wanted to share this happy experience with all of you so here we go. I went to this modern retail outlet in Bhubaneswar one day and was so happy to see the famous Starbucks coffee placed at my eye level on one of the shelves. I thought wow; these guys are penetrating into the Indian subcontinent. So, I picked up one of these bottles and alas, my gaze was stuck at the Rs 160 odd price tag. Waaat sir?

Are you selling coffee or are you paying our monthly’s phone bill? This is India sir. Sell it cheap if you want to sell at all. If you are targeting the bade babus then you are limiting your scope sir. You need to learn from HUL, Volkswagen, P&G, Coca-Cola, PepsiCo, Nokia and the likes. You are smart sir but show us that you are smart. You know HUL’s fifty percent of the revenues come from the rural segment now. The future is there sir. Atleast in India. Use other companies’ experience why do you want to experience what other companies have experienced by not modifying their Indian offerings? Middle class sir, I am telling you that should be your target.

Sorry folks, back to the experience. So while I was thinking all this I realized that I still had the glass bottle in my hand. Fish! What if it falls. 160 gone down the drain! 😛 I carefully kept the bottle back and didn’t give much thought to how I would spend the money that I just saved. There was a tavern closeby. 2 kingfishers sirs and madams and I was happy. 😀 😀

Teng

%d bloggers like this: