Académique Documents
Professionnel Documents
Culture Documents
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14. Other Innovative Marketing 43-46
Methods
15. Acknowledgement of Innovation 47-49
and Taste
16. Recommendations 50-53
17. Bibliography 54
18. Annexure- Pradhan Mantri Mudra 55
Yojana
19. Certification 56
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Acknowledgements
I want to express my gratitude to The NMIMS University and
NGASCE for giving an opportunity to express myself through the
submission of this Project Report.
I also want to express my gratitude towards Mr. Piyush, Manager
Reserve Bank of India, who helped me in selecting an appropriate
topic for the Project Report and for the Overall Guidance.
I want to thank Miss Sheetal Gawde, Deputy Manager GIC Re, for
helping me in setting the objectives for the Project Report and
structuring the Report.
And most importantly, I sincerely take this opportunity to thank
Mr. Ashay Angaitkar, The Founder and The Head Chef of
PizzaOnFire. He, and his Food Truck, is the concept and theme of
this Project Report. I thank him for giving his precious moments to
discuss the concept of Food Truck and Wood Fired Pizza in the
Tier I city like Nagpur and for providing valuable inputs for this
Report. Without him, this project would not have existed.
Thank you to the entire team of PizzaOnFire.
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Project Objectives
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Scope of the Project
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Executive Summary
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Results of the study conducted shows that the Social Media
Marketing strategy adopted by Mr. Ashay worked effectively.
Response received from the customers is also very good. Few
willingly waited and curiously saw their Pizza getting prepared and
baked in the live kitchen and in the Wood Fired Oven. Response is
also very good on Zomato. Orders come from large part of the
city.
However, there were also some suggestions regarding the Pizza
type, Crust type etc. Some people also had issues with the
delivery time on Zomato.
Some possible solutions for these existing problems is that
PizzaOnFire should market itself as a Thin Crust Pizza Brand as it
exclusively prepares Thin Crust Pizza. This will clarify what to
expect from them. As it is live kitchen and everything from
preparing the base to adding toppings is done after taking the
orders, it can be explained to the customers and specific
arrangements can be done to reduce the preparation time as
discussed in detail in the report.
In conclusion, PizzaOnFire has made a promising start that to
within two months of its launch. It has long way to go with lot of
inclusions and exclusions as the business expands and as the new
challenges appear.
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Introduction
There is hardly anyone in this world who will question the
popularity of Fast Foods in the present scenario. Specially in the
metro cities, where life moves with lightening speed, Fast
Foods provides a solace. While conducting the research, I came
across an interesting study conducted in 2008 on the WebMD
archives. It enlists 11 reasons for the popularity of the Fast
Foods. Most of the people in the study reported eating Fast
Food at least thrice a week (definitely, the number must be
very big now!).
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A. The Food Entrepreneur- Ashay
Mr. Ashay, the Founder and the Head Chef of PizzaOnFire, is
Mechanical Engineer by education and Chef by profession. He was
working with an Electric Vehicle startup in Ahmedabad until he
left his job in the pursuit of his passion- Cooking. According to
him, it was a very difficult decision for him to take as he is from a
typical Middle-class family, where parents and society expects any
25-year-old to get settled with a good job in hand.
However, Ships are safe in the Harbor but that’s not what they are
made for. He followed his instincts and after much Hard work,
Market Research, and especially Willpower, he launched his Food
Truck with an idea which was new to Nagpur City i.e. Wood Fired
Pizza!
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readily accepted the challenge and started his journey on March
10th, 2018 when he launched the Food Truck of his dream, what
he always wanted to do. We will talk about the response shortly
but as far as starting a new business is concerned, especially for a
person who don’t have a background, it takes a lot out oneself, it
needs character. According to him, in such scenario what matters
most is the support and backing of the family, what his family
precisely did. They not only stood besides him, once he took the
decision, but also helped him in running the Food Truck. As Roy E
Disney rightly said, Its not hard to make decisions when you know
what your values are!
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B. Food Truck- Evolution of the
Restaurant on Wheels
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However, this business Model took to acceleration when the
commercialization of the automobile on a large scale took place.
First of the ‘Food Trucks’ as we see today were of the Ice Cream.
Ice Cream was instant hit. Perhaps some famous of them are still
running today.
After this came the period of Chinese and Local food carts in India.
This version is still popular in India. These Food Carts is the
identity of Street food in India. We can most commonly see it on
Chowpatty in Mumbai. This is the modification in primitive carts
and basic Ice Cream Trucks. Here live cooking of the delicious food
can take place (Kitchen?).
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This set the stage for introduction of Food Trucks. Economic
changes in the Indian Economy also helped the spread of Food
Trucks. After the liberalization in Indian Economy, opportunities
increased in India. A new ambitious class emerged. Purchasing
power increased so does the spending. To cater to this increase in
demand, new and innovative supply avenues emerged. This led to
change in lifestyle and preferences in the Indian society.
Traditional and Orthodox society started to open up so does the
eating habits. Change in working conditions and environment
naturally affected the eating preferences and people started
moving towards Fast Foods to complement the lifestyles. Now,
instead of Lunch and Dinner restaurants, Fast Food restaurants
started taking shapes and this further led to the evolution of Food
Truck culture in India, which is still in its evolution stage. Many
successful examples of Modern Food Trucks like Bombay Food
Trucks, which operates in and around Bandra Kurla Complex,
provides both Delicious food and Inspiration to lot of people!
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C. What is Marketing Strategy- the
Cover Story
Marketing strategy is the long-term plan of gaining a competitive
advantage during the course of expansion of the company’s
business. Formulating a strategy include the analysis of market
position prior and after the strategy formulation, evaluation and
market segmentation and positioning strategy etc.
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There are different types of Strategic Analysis Tools, some
important of them are as follows:
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D. Segmentation and Positioning
1) Demographic Segmentation:
2) Behavioral Segmentation:
3) Psychographic Segmentation:
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standing as well as his AIO i.e. Activities, Interests and
Opinions.
4) Geographic Segmentation:
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Methodology
During the course of any research, the most important part is the
process or method of data collection. Data Collection has to be
done with utmost care and precision. There are six important
characteristics for data collection to be valid and authentic
otherwise data from unreliable sources may not be ‘True.’ These
six important characteristics are as follows:
1. Validity
2. Reliability
3. Objectivity
4. Adequacy
5. Usability
6. Discriminating power
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A. Data Collection Tools
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B. Types of Survey
There are four important types of Survey. After determining the
survey design, a comparison chart can definitely help to
understand the pros and cons of the adopted method. Four
important types of Survey Methods are as follows:
1) Web Survey:
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2) Mail Survey:
3) Telephone Survey:
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C. Difference between Qualitative and
Quantitative Research
Qualitative Research:
➢ It is exploratory research
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Quantitative Research:
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Data Collection and Analysis
This project report is an exploratory qualitative research which is
trying to explore the motivations, opinions of the people involved
in the project. This project also explores strategies adopted by the
PizzaOnFire team for the promotion of the Food Truck.
During the course of the survey, many people were surveyed. The
results of the Food Truck survey will be provided. People were
surveyed for the launch of Food Truck initially, then for assessing
the impact of the social media advertisement and then again for
the post launch survey.
For this project, I also surveyed few people to gauge the mood
regarding the Food Truck. I prepared a questionnaire with
particular responses which was given to the respondents.
Respondents were the customers who came to the Food Truck.
There were some repeat customers, who liked the food and the
concept of Food Truck.
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The Pre-Launch Online Survey
In July-August 2017, Mr. Ashay conducted a survey to gauge the
mood of the foodies in Nagpur and their likings, attitude towards
the Street Food. The form contained specific and objective
questions. Many people responded to that survey. The screenshot
of that survey is as follows:
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The results of this survey provided very good insight before
launching the products. Results are as follows:
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Most of the responses of the respondents were in favor of starting
a new concept of the Wood Fired Pizza. Most of the respondents
said that they visit the Food Truck because of the Taste and Low
Price.
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Pre Business Targets and
Estimates
Based on the results and business type, PizzaOnFire targeted the
demographic population of age range between 14 years to 35
years. According to them this is an ideal range where the people
involved can go outside willingly and purchase a Pizza on a food
truck. This is the perfect age range that care about tastes, looks
and type of pizza.
Based on their Initial Estimates and business plan, they started the
marketing and promotion activity, along with the Food Truck
development.
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Pre-launch Promotion
PizzaOnFire started the promotion of their Food Truck from
around December to January. Preparation of the Food Truck was
almost complete and they launched an aggressive social media
campaign.
The campaign was only through social media and only through
Facebook and Instagram. As they had carefully chosen their target
audience and customers, promotion also required a young and
energetic twist. Following are the few advertisements which have
been taken from the Facebook. Both photos and videos were used
for the promotion.
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Catchy hashtags were used to specify the regional identity and
target the specific group. These hashtags were instant hit and
many people started discussing the concept on the social media
platforms and started liking and sharing the posts. Response was
same on Facebook and Instagram.
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These type of posts really makes oneself curious and smile! It
makes oneself anxious about what is in the offering. As these type
of posts had been very successful in grabbing the eyeballs, it had
set the stage for grand opening of the Food Truck.
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Difficulties in Launching the
Food Truck
Starting an enterprise, without any background is already an
Himalayan Task. But to make matter worse, is the absence of law,
guidelines or even an acknowledgement that a particular type of
business exist.
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❖
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The Launch and Promotional
Strategy
Amid much Fan Following, it was decided that the date of the
launch of the FoodTruck will be 10th March., Preparation were
stepped up. New and interesting posts were added on the social
media which were followed by many interested people.
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people who followed the social media campaign of PizzaOnFire! It
was the most stress full day, he said!
A Discount pass for entire week was given to the customers who
came to the Food Truck to ensure the continuous presence of the
first customers. Apart from that many more offers were
introduced both on social media and on the Food Trucks. These
offers were instant hits.
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Post launch Experience and
Marketing
As stated earlier, response to the introduction of the new Food
Truck was really overwhelming and surprising. All the earlier
estimates were reached easily even surpassing some the
estimates.
For ex. Revenue Target for first few months was set up at around
60 to 80 thousand rupees but the revenue generation easily
reached at around one and a half lakh rupees with a profit margin
of 50% in first month and after some cost cutting it reached
around 55 to 60 % in the next month.
According to the Post Launch survey, Peri Peri Pizza and Barbeque
Chicken Pizza are the Best Selling. Among the Add Ons following
were the hits:
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Apart from these, PizzaOnFire launched special offers for special
occasions like Mother’s Day and for the Indian Premier League
Season. This was tremendously successful.
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They are also planning special offers and discounts for the Ramzan
season as well on their social media platforms. Apart from that
they are also introducing Friendship Cards, which is basically
loyalty program, offered on or above the orders of 500 Rupees.
This card then offers 10%, 20% and 30% discounts on their next 3
orders respectively.
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Other Innovative Marketing
Methods
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One of the most important aspects responsible for success of the
Food Truck is the Location chosen. The location chosen is in heart
of the city, quiet, green place where one can enjoy both Pizza and
the serene nature. Apart from that it is opposite one of the most
happening college in the Nagpur City, Hislop College.
The target group was chosen who could spend above average
money on quality food, instead of Food stalls. It is very important
in such case to maintain that level of audience and one could
easily find such audiences in affluent areas of the city. Therefore
the area was strategically chosen.
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The result of this kind of activities also proved to be very
successful. PizzaOnFire became a household name in the areas
where this competition was organized and most importantly
orders from Zomato increased substantially from these areas. Also
visits to the Food Truck, from the people in these areas, also
increased substantially.
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Acknowledgement of Innovation
and Taste
Since its inception, on March 10th, PizzaOnFire is redefining the
concept Food Truck in Nagpur City. Informed customers are also
very excited about Nagpur getting accustomed and used to new
concepts. PizzaOnFire is also introducing new products to
compliment the signature pizzas. This innovation in the tastes and
tradition was also acknowledged by Nagpur Times, twice with
different subjects. Most importantly the research team of Times
Group approached them to publish the innovation.
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Not only Print media but also well-known foodies and bloggers
from Nagpur City also visited the Food Truck to taste the
innovation and taste of the Wood Fired Pizza. Most of them
enjoyed the taste of the Pizza and liked the concept. Many of
them wrote extensively on their blogs. Famous blogger Parth Bajaj
is also one of them.
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Recommendations
This is one of the most important parts of any Research project. It
provides the crux of any research methodology. It is basically the
conclusion of the project.
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PizzaOnFire and they will judge the Pizza quality based on
the similar experience and will not compare with Thick Crust
Pizza. They accepted the suggestion and implemented it
immediately.
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2) Color and the design of the Food Truck is excellent and very
attractive. It highlights what Nagpur stands for. But during
the night time, the color of the Food Truck takes a back seat.
Background color of the Food Truck should be contrasting
with the time of the day. As far as our Food Truck is
concerned the theme color should be bright in the darkness
so that it must be visible from a distance.
PizzaOnFire could include this suggestion when it will expand
its business and start the Daytime Pizza Services in the work
places like IT Parks etc.
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difficult to prepare the pizza on the wood fire with all the
moisture in the atmosphere.
To continue the existing business numbers in the rainy
season, PizzaOnFire have to find new avenues. These
avenues can be In-house parties, sponsoring the events in
Schools and Colleges and especially focus on Zomato orders.
During rainy season the period of active hours could be
increased and afternoon service can also be started. For
Zomato orders it is not necessary to prepare from the Food
Truck!
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Annexure
Pradhan Mantri Mudra Yojana
Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by
the Hon’ble Prime Minister of India on April 8, 2015.
➢ It provides loans up to 10 lakhs to the non-corporate, non-
farm small/micro enterprises. These loans are known as
MUDRA loans under PMMY.
➢ These loans are given by Commercial Banks, RRBs, Small
Finance Banks, Cooperative Banks, MFIs and NBFCs.
➢ The person interested in starting an enterprise may
approach any of the lending institutions as mentioned.
➢ Loans can be applied online through PMMY portal.
➢ In PMMY, MUDRA has created three products namely
'Shishu', 'Kishore' and 'Tarun' to signify the stage of growth
and development also funding needs of the enterprise and
also provide a reference point for the next phase of growth.
➢ Some latest figures related to the scheme are:
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Bibliography
NMIMS READING MATERIAL ON RESEARCH METHODOLOGY
(Pre-read recommended for project preparation)
https://unilearning.uow.edu.au/report/4bi1.html
https://en.wikipedia.org/wiki/Food_truck
https://www.webmd.com/food-recipes/news/20081202/top-11-
reasons-for-fast-foods-popularity
https://www.history.com/news/from-chuck-wagons-to-pushcarts-
the-history-of-the-food-truck
https://www.titlemax.com/history-of-food-trucks/
http://searchtriggers.com/marketing-strategy-definition-kotler/
https://en.wikipedia.org/wiki/Marketing_strategy
https://www.marketing91.com/4-types-market-segmentation-
segment/
https://www.mudra.org.in/
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Certification
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