BoAt has swiftly sailed to become the second-largest wearables brand globally, trailing only behind Apple, within a mere span of seven years since its inception. This remarkable journey unfolds under the stewardship of co-founders Sameer Mehta, now at the helm as CEO at 47, and Aman Gupta, the vibrant Chief Marketing Officer at 42.
TIMELINE TO SUCCESS - FROM A STRANGER TO BE CO-FOUNDER
In 2013-14, amidst the booming audio accessories market in India, Aman Gupta and Sameer Mehta noticed a gap for products tailored to Indian consumers. Independently, they planned to address this need, and a chance acquaintance brought them together to form Imagine Marketing in 2014. They began by importing and distributing products for foreign brands while extensively researching the industry, including trips to China. Finally, in 2016, they launched 'boAt' with charging cables as their debut product, aiming to cater to the Indian market. The brand's name symbolizes leaving the shores behind and getting into one's zone, and their playful choice of 'boAt' reflects a childhood memory. Why such a name for an accessories brand? “The idea is when you go to the sea in a boat, you leave the land behind. It is the same with our headphones; when you wear them, you get into your zone,” explains Gupta adding that the brand’s logo also has the image of a boat. “We are taught from childhood, A for apple, B for boat. And as apple was taken by another brand, we had to go for boat,” he adds
UNLEASHING THE POWER OF DUO BUSINESS SUCCESS
In the vibrant world of e-commerce, boAt embarked on its journey by setting up shop on platforms like Amazon and Flipkart. Despite facing initial hurdles in securing funds to fulfill a significant order, Gupta and Mehta's determination and resourcefulness shone through as they navigated the uncharted waters of the accessories market. Expanding their repertoire from charging cables to include neckbands and speakers, boAt quickly made waves, achieving its first major milestone of Rs 100 crore in business within just two years.
With Gupta's financial acumen and Mehta's commerce background anchoring the ship, boAt continued to sail ahead, becoming India's largest wearables brand by 2020. Evolving its product offerings to include wireless headphones, TWS buds, and smartwatches, boAt's revenue surged, marking significant milestones in production and revenue generation. Beyond mere business success, boAt takes pride in paving the way for Indian entrepreneurship, inspiring countless dreamers to embark on their own brand-building voyage. With plans to expand its workforce and achieve a sales milestone of Rs 5,000 crore, boAt remains steadfast in its commitment to charting a course towards even greater success on the horizon.
SAILING TO SUCCESS: DIGITAL MARKETING STRATEGIES
To make waves in the competitive audio market, boAt set sail on a journey to establish itself as a premier brand, employing savvy digital marketing strategies to expand its reach. Embracing the digital realm with fervor, boAt embarked on a multifaceted approach, investing heavily in digital and influencer marketing to captivate a broader audience.
boAt's digital endeavors were nothing short of a symphony, orchestrating captivating content tailored for its target demographic, orchestrating campaigns across major platforms like Instagram and YouTube, and harmonizing with online influencers to cultivate a brand narrative that resonated with consumers. Collaborations with luminaries such as actors Ranbir Kapoor and Kartik Aaryan, alongside influential figures like YouTube sensation Prajakta Koli, infused boAt's brand identity with star power, igniting a crescendo of excitement and exclusivity around their fashionable audio offerings. Through these strategic partnerships and digital exploits, boAt orchestrated a harmonious melody of brand visibility, establishing itself as a leader in the digital marketing symphony of the audio world.
Let's set sail and explore some of the top-notch tactics that have made boAt the rockstar of the audio world!
boAt set sail on a groovy lifestyle marketing voyage, jamming with various strategies to rock the boat! First off, they hit up social media hotspots like Facebook and Instagram, forming a tight-knit community of music buffs and audio enthusiasts. Picture this: boAt's Marvel Collection, decked out with Iron Man, Captain America, and Black Panther gear, giving fans a superhero soundtrack for their ears!
Next up, boAt threw some killer events and meet-ups, turning up the volume on bonding sessions for music-loving souls. It was like a jam session where everyone could vibe and groove together, strengthening the bond between boAt and its crew of fans.
Then, they dialed up the personalized vibes, making sure every customer felt like a VIP. From sweet emails and texts to a hotline bling for customer care, boAt was all about giving folks the red carpet treatment. Plus, they crafted a special "Do what #floats your boat" zone on their website, where fans could dive in for quick tips and tricks tailored to their tastes.
And let's not forget Aman Gupta, the co-founder with the Shark Tank swagger! Since his spotlight moment on Shark Tank India, he's been riding a wave of love and applause, giving boAt an extra boost of fame and fortune. Rock on, boAt! 🚤🎵
STRATEGIES/EXECUTIONS
In the realm of digital marketing, boAt orchestrated a masterful symphony of strategies and execution to elevate its brand presence and drive consumer engagement. A pivotal component of their approach was the Brand Lift Study on YouTube, meticulously measuring the impact of ads on consumer perceptions and behaviors across the journey. Insights gleaned from this study informed targeted campaigns aimed at enhancing brand awareness, ad recall, consideration, favorability, purchase intent, and brand interest.
One of boAt's standout tactics involved Video Sequencing, strategically retargeting audiences to view successive videos over a 15-day period, each showcasing players in humorous scenarios featuring boAt products. Leveraging YouTube's TrueView for Reach ad type, boAt maximized its reach, while on the Google Display Network, ads were optimized for maximum clicks and retargeted to previous YouTube ad viewers. Further amplifying their reach, boAt edited longer videos into concise, attention-grabbing 30-second snippets optimized for YouTube, tailored with clear product calls-to-action and details. Targeting efforts honed in on key metropolitan areas and popular Bollywood music channels, with a focus on the 18-34 age demographic, supplemented by Affinity and In-Market Audiences tailored to cricket enthusiasts and music lovers. As awareness burgeoned, boAt strategically retargeted audiences on Google Display with customized affinity audiences, ensuring sustained engagement and conversion.
RESULTS
boAt's meticulous digital campaign yielded impressive results, propelling the brand to new heights of success. With over 44.4 million impressions, the campaign garnered significant attention, driving a remarkable 15.5% lift in product interest. Notably, the cost per click plummeted by 59%, maximizing the campaign's efficiency and reach. Impressively, boAt's digital endeavors generated over 3.9 lakh clicks, demonstrating strong consumer engagement and interest. Most strikingly, the campaign achieved a staggering 158.7% lift in brand interest, affirming boAt's status as a formidable force in the digital marketing arena.
CONCLUSION
In conclusion, boAt's marketing prowess consistently shines through in its digital campaigns, maintaining a steadfast position at the forefront of the industry. Their winning formula revolves around dynamic social media marketing endeavors, characterized by bold celebrity endorsements, strategic collaborations with social media influencers, and inventive initiatives such as community-building ventures. Time and again, boAt demonstrates an unwavering commitment to pushing the boundaries of digital marketing, ensuring their brand remains a standout presence in the competitive landscape.