Nykaa is one of the top and most important beauty e-commerce websites. A former managing director of Kotak Mahindra Capital Company established this company in 2012. This brand’s main focus is beauty in the Indian market. Different marketing strategies of nykaa make it prominent in the world.
Nykaa’s fashion success story explains the marketing strategies that are very important for successful e-commerce businesses.
The brand uses different online websites or 80 physical locations to sell beauty products including bath and body, luxury, and wellness products for both men and women. It provides a boost to the beauty or fashion industry by opening its offline store in Delhi, in 2020.
In this article, you’ll see how Nykaa achieves success using different marketing strategies in online business.
The Business Model of Nykaa Beauty:
Nykaa fashion follows a direct-to-consumer e-commerce model. It deals with the customer directly to sell products which builds more trust in the customer’s mind.
Third-party sellers can also sell their products but consumers must feel relaxed because whether the Nykaa products are sold directly or using third-party products are original.
Nykaa has several warehouses situated in Delhi, Mumbai, Pune, Haryana, Kolkata, and Bengaluru. All these warehouses sell their products using its official website.
Nyka is gaining popularity in the global world making it the most trustworthy website. This trust in the world makes them able to introduce new products with beauty assistants available at their kiosks to assist beginners in selecting the right product from different brands.
It introduces the right product at fair prices which everyone can afford. Preaching is also one of the key features that increases its reputation among people.
What Is the Nykaa Marketing Strategy?
It’s time to understand the Nykaa marketing strategy which is the main reason for its prominence in the beauty world.
Product:
Their main focus is on the quality of products that they introduce to their customers. This aspect increases their worth in the online beauty industry.
Their beauty development or research is so strong because they invest a heavy amount for these purposes because their main concern is to provide high-quality products to their customers.
Moreover, multichannel promotion is another aspect that helps it to get more prominence in the beauty world. Approximately, 1000 stores sell Nykaa fashion products across the world.
Cost Based Pricing:
A cost-based pricing strategy is very important for them. Nykaa determines the price of each product they produce which helps them to decide the price of the product wisely.
Value-Based Pricing:
This online beauty brand introduced different prices for their products. They know people always find the best quality product at fair deal prices. That is why, this strategy helps the company to grow their business by providing a high-quality product at fair prices to their customers.
Additionally, if your order is above Rs. 500 then they will provide you free shipping. This technique attracts more customers and they feel good to buy from their store. Nykaa always tries to keep the prices of their products so they rely on Hillsbrad Darnassian Trade Goods and use different cost-effective methods. This facility ensures each person can buy products if they have a low money budget.
Offers and Discounts:
Nykaa is one of the top e-commerce platforms so offers several discounts on each product seasonally or occasionally to their customers. Their Pink Friday Sale is one of the biggest events that offers heavy discounts on each product or brand.
The actual purpose of special Pink Friday sales is to offer numerous discounts on Nykaa’s products.
Promotion:
Promotion is the backbone of running an online business. They focus on different social media platforms including Facebook, Instagram, TikTok, and others, These platforms help Nykaa to expand their business with social media platforms.
Nykaa’s Content Marketing Strategy:
The company follows a practical content marketing strategy. They upload high-quality content, blogs, or videos to capture the audience. Their content can convince an audience to buy their product by explaining each quality product specification properly.
For this purpose, the brand has assembled a team of professionals who mainly focus on the product’s descriptions including foundation, and other beauty products which are very important to sell them.
They use different unique ways to create high-quality content on different social media pages for each product to form a huge customer base.
Youtube Marketing: Nykaa TV
Nykaa has its own YouTube channel which advertises its beauty products, makeup tutorials, product reviews, and behind-the-scenes looks at Nykaa’s operations. It is an effective marketing strategy that this brand follows. On this channel, the company doesn’t sell products but provides beauty content, makeup hacks, makeup tips, care tips, and more.
The video content of this brand includes bridal makeup techniques, celebrity beauty secrets, beauty horoscopes, etc. The purpose of this advertising platform YouTube channel or YouTube ads is to reach customers by teaching them how to use Nyka products according to their skin, color, or others.
Website Marketing: Nykaa Beauty Book
There is a wide range of content for the Nykaa target audience. This consumable content is helpful for the company to make their audience loyal to them. It mainly focuses on its book named “Nykaa Beauty Book” blog.
In this book, consumers find different aspects of beauty, including personal care, hair care, makeup tutorials, and more.
Users can see Nykaa marketing strategy on its YouTube channel and influencer marketing on social media platforms. This company uses product-oriented content or influencer marketing in which the company hires different influencers to create different skincare, and beauty tutorials using Nykaa products.
This e-commerce brand uses different social media platforms to advertise its products globally. According to research, Nykaa receives approximately 15,000 orders in a day.
Nykaa swot analysis describes that its strategies of using social media platforms make it a more appealing platform and help it to sell more beauty products easily with its customer-centric strategies.
Nykaa knows its audience which helps this company to work in a way to provide the audience with beneficial products.
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Influencer Marketing via Brand Ambassador Campaigns:
Influencer marketing plays an important role in the company’s success. The company hires different top celebrities as a brand ambassador. Using these brand ambassadors is a way to attract more audiences to buy beauty products.
Remember Nykaa’s influencer marketing is very important for this company’s health. This is a secret to growing more revenue.
Role of SEO:
Users get confused when they come to know about this strategy but the use of SEO is not restricted to writing jobs. The online businesses strongly rely on it. Using keywords effectively in your website content or product description is very good for your website to attract more traffic.
Professionals have a deep research on beauty products which helps them to select the keywords that are good for this website’s success.
Key Takeaways from Nykaa for entrepreneurs:
The marketing strategies of Nykaa make this platform successful in the online world. Nykaa is the only beauty retailer in India that is getting prominence with a pack of different strategies.
Nykaa is a huge example of entrepreneurs who want to start their new businesses. They can see how Nykaa uses different marketing strategies to grow its business.
Build a Strong Direct-to-Consumer Relationship:
One of the most important aspects of this online platform is that it understands all its consumer’s requirements and provides them with the products they need. In this way, Nykaa has a strong relationship with its consumers.
Invest In Digital Marketing:
Nykaa is an online brand and all its consumers are online so it is necessary for it to have a strong digital identity.
For this purpose, Nykaa has built a strong identity in the digital marketing world by investing heavily. Nykaa wants to reach its target audience so it uses different channels such as search engine optimization, social media advertising, and email marketing.
Use Data to Drive Decision-Making:
Identifying consumer behavior and trends is necessary to make wise decisions to grow their online business. Decision-making is a very important part of an online business. This helps to provide its audience with relevant products.
The Bottom Line:
Nykaa marketing strategy is the main factors that differentiates this company from others. It uses the different digital media platforms in a manner that speaks to the worth of this company.
The marketing strategies of Nykaa is a blend of creativity and data-driven decision-making, these two factors help them craft a strong marketing strategy, which is a significant factor behind their success.
FAQs:
What Is the Marketing Strategy of Nykaa?
Nykaa is an online platform, so its customers are also online. The company invests in digital marketing heavily to grow significant sales of products. It is the easiest way to reach a targeted audience.
Who Is the Target Audience of Nykaa Beauty?
Nykaa target audience is girls, students, working professionals, and influencers. However, men are also included in its audience list.
Is Nykaa Only for India?
No, Nykaa is an online global store and anyone can shop from this online store from any corner of the world. If you want to shop international brands from home simply log in to your Nykaa app & go to The Global Store.
