2. Tell us more about Barefoot? Why did you choose to venture into the Consultancy industry?
Brand consultancy is still a very elitist concept in India. Mostly the big brands and firms in the country opt for brand consultants who charge hefty sums for their advice. The brand’s in-house marketing team hires them to get an outsider’s perspective or point out things that have perhaps become a blind spot for them.Then you have the ad and design agencies. They come in all shapes and sizes. However, most of them focus on the creative side of things. They do not always sift ideas based on the business objectives and it is perhaps not their job either. Plus they have a set of designers who have their set of strengths. So, sometimes freshness can become an issue with them.
This is where I noticed a huge gap in the market. India is the hub of start-ups and Bangalore is in the center of it all. There was a need for these budding firms to get access to good advice for a reasonable cost. Barefoot provides that access! New and small firms have very different needs with regards to brand building, and we understand exactly where they are coming from. Their main concern is “how do we go about things?” be it a brand launch, market research activity or generating leads. The vision is there, but they need someone to help them get to it, step by step. Someone, who is okay with the fact that they do not have a full fledged in-house marketing team nor a dedicated budget for marketing which is kept aside every year.
3. What is the Business Model of Barefoot? How do you plan to reach to more people in the coming future?
Our business model is very simple. We are sharply focused on catering to firms that do not have a full-fledged marketing division and yet wish to build a brand. It is somewhat of an outsourced marketing service but with consultation and advisory services and not just execution. We advise clients at every step of the brand cycle. Our team has brand professionals who rather make a big difference to a small company than a small difference to a big MNC. Our monthly retainer is lesser than what it would cost our clients to hire a marketing professional with a PG degree. This business model is based purely on trust and competence and designed for bootstrapped start-ups.
Speaking of trust, there are cases where we have coordinated with ad agencies for our clients, and ensured that the campaign aligns with the overall strategy. We even recommend certain ad agencies to clients based on what the brief demands. Barefoot represents the client in all these dealings. We are always batting for the client in every meeting with any partner. Barefoot has an open negotiation with them to get the best deal. It is Barefoot that pushes the agency to deliver on time and follows up on the progress. We believe that it is a greater compliment to be trusted than to be loved.
Designing the campaign creative (copy and artwork) ourselves is one of our secondary services. But even there, we have a very unique pricing model. Taking a cue from the hair salon business, we decided to have differential pricing for design work based on the seniority of the designer. For eg: A junior designer would cost lesser and would be someone with 1-5yrs of work experience. A mid-level designer or a senior designer would cost more but they will come with more experience. This gives immense flexibility to our clients with tighter budgets. Also we do not have any designers on our payrolls (I say this with pride). We work with freelancers who have varied strengths. This gives us the flexibility to take up variety of work and assign briefs to designers based on their strengths.
4. Tell us some of your favourite brands and reasons why you prefer them?
As a brand developer, I love brands that use key consumer insights in their advertising and are not afraid to be themselves; Brands that stand for something and not fall for anything. It is the only way to stay timeless I think. And we both know how difficult it is becoming to stay relevant for years these days. So I would say- Indigo Airlines, The Hindu, Raymond, Dove, Virgin, Mastercard, Ikea are some of my favourite brands.
5. So what are the four pillars, according to you, that constitute Brand Management?
I could give you a very technical answer where I would use words like positioning, personality etc. However, while all that is important, the bottom line is:
Are you relatable?
Are you memorable?
Are you relevant?
And are you easily accessible?
6. What were the biggest challenges you faced while setting up your own shop on the block? How did you overcome them?
There were and continue to be hurdles. The first big obstacle I faced at the start was to change the psychology of small and mid-sized business owners who believe sales=marketing. Many people still equate lead generation with Marketing. So, with my corporate background, I found it very difficult to get people to change their mind-set. But, eventually they did.
“” We did not have an office initially so the work from home format was not okay with the young talents. And once you build an office, you have to have a big enough team keep it buzzing otherwise retention becomes an issue. So balancing that was and is a huge problem because work can be seasonal at times.
Finally, the fact that sometimes clients do not honor the agreements or change their mind without prior notice. That is a huge hurdle when you are catering to start-ups. But you just have to shake it off or hire a damn good lawyer! I prefer to move on.
7. You will be completing three years of your startup journey. Congratulations! Any tips for our start up community on how to increase the credibility of your business?
Consultancy is all about trust and comfort level. And that can only be built if you are genuine and honest. From the start, I have tried to keep all communication very genuine. Even our website is very clear, concise and confident. Of course my resume was pretty relevant as well, because of my past experiences in advertising and marketing with leading brands in the business.
One other way of building credibility quickly was to take guest lectures in good MBA institutes. It gave the company and me a lot of exposure and certainly got more people interested in what we do. The lectures were very well received and we also started getting a lot of resumes from students for internships and jobs.
8. Tell us about your new idea, Signtist.
I came up with a word puzzle idea last year which I thought was pretty unique. So I did some research and found that the idea currently does not exist anywhere in the world. I filed for copyrights in 135 countries and to my surprise, the applicant came through!
The game is called Signtist. I have already launched the puzzle books on Flipkart and Amazon. And I am now preparing for the mobile app to go live. Today most of the word games are about jumbles letters. Signtist is different! In a nut-shell – “you know how we unknowingly make a pattern while typing an SMS? Signtist does the opposite. It gives you the pattern and asks you to guess the word.
After having worked on the app for a year, I realized that there is a huge gap in the market for good flat design games and apps. We in India do not make world class games in the numbers that we should. I wish to change that with Signtist and my new company Bezzerk Inc. which will be publishing the game. Bezzerk will focus on flat design (which is the future) and also help clients market their products worldwide.
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“There is no better time than now, to do what you enjoy doing the most.” — Snigdha Manchanda,Tea Sommelier and Founder, Tea Trunk.
“Akosha is a place where people are given the freedom to thrive and do the best they can” – Archit Chandra, Program Manager
“If it’s something that makes you happy, then totally pursue it.” – Mana Santhanam, Custom Artist.