INSTASPACE

Marketing + Market Research + Product Innovation

Marketing Plan

InstaSpace exists to provide millennial women with a venue for self-expression. It does so by providing creation, beauty, and community through the use of the mobile app, activities for creating, beautiful finished products, and in-person interactions with other creatives. It's a two-sided platform connecting active creatives.

InstaSpace

Segment: Creative

Experiences: 

  • Creation: Place to make things and learn new art & design skills

  • Beauty: Visually pleasing space with Instagram look/feel

  • Community: Members-only collaborative space for creative people

Characteristics

  • Membership fee

  • Coffee/Food sales

  • Co-working space

  • Creative workshops

  • Maker equipment

  • Images from Instagram on the walls like a gallery

 

Marketing Plan

Mission

Instagram’s mission is “to capture and share the world's moments,” and deliver “products that bring out the creativity in all of us.”

InstaSpace’s mission is to enrich lives by connecting people to opportunities where they can practice creativity beyond the digital world and experience creation, beauty, and community.

Corporate Objectives

  • Strengthen Instagram’s relationship with the Creative Segment of millennial women

  • Engage the Creative Segment in a physical experience rather than solely digital

  • Become the market leader for access to in-person activities for creation, collaboration, and community

  • Double revenue generated by this segment

  • Offer the Creative Segment 2,500 hosted activities by 2020

  • Grow the Creative Segment by 30%

Marketing Audit

  • Instagram provides the Creative Segment with a way to capture, create, and share beautiful and creative content through the features on the app, such as photography, filters, photo-editing, video-editing, and galleries. Content can be shared with communities through the Instagram app and website.

  • Community First and Inspire Creativity are two of Instagram’s core values

  • Instagram announced in a video that they “aim to make video as easy to create and share as possible”, along with an ad demonstrating new features such as video filters, trim, and edit.

  • Instagram reaches creatives through blogs, articles, ads, and influencers that promote Instagram as their preferred medium for communication

Market Overview

  • Millennial women are brand influencers and share their opinions with friends, family, and their online communities

  • 40% of millennials want to co-create with companies

  • 46% of millennials post original photos or video online that they have created

  • Sometimes referred to as the “DIY Generation,” creativity and self-expression are just as important to millennials as money when it comes to employment choices

  • Women value relationships and seek out brands that allow them to connect with each other

  • Pinterest is one of the leading websites for millennial women because it leverages millennials’ desire to create and share content with an online community

SWOT Analysis

Marketing Strategy

Target Audience
Millennial Women, 18-34 years old
Creatives: designers, artists, makers, photographers, creative thinkers, etc.

 

Experiences in Demand
Creation: Activities that promote the creation of beautiful things
Beauty: The opportunity to develop and see beautiful things, expand portfolio of creative work, and generate more content to showcase on Instagram
Community: In-person interaction and collaboration with other creatives
 

Tactics

Offering

  • InstaSpace Mobile App - look and feel of Instagram, geared toward the Creative Segment

  • InstaSpace Kit - a toolkit for hosts with the look and feel of Instagram

Service

  • Connects creatives to expert hosts and opportunities to create

  • Sells tickets to creation activities on platform

  • Provides creative hosts with customer community of creatives

  • Advertises InstaSpace activities across Instagram apps

  • Supports and trains creative hosts to ensure on-brand touchpoints

Brand

  • Brand Elements

    • InstaSpace logo

    • “For creatives, by creatives”

    • Instagram look and feel

  • Brand Values

    • Enable Creativity

    • Capture Beauty

    • Empower Community

Price

  • Retail price (customers)

    • Average ticket price per activity is $75

    • InstaSpace takes 5% of each ticket sale

Incentives

  • Customer Incentives

    • Connect to other creatives

    • Create beautiful things

    • Add content to share with others

    • Discounts or rewards for frequent attendance

    • Freebies and giveaways

    • Refer-a-friend discounts or credits

  • Advertising price

    • InstaSpace takes a 15% cut on ticket sales generated through advertising the InstaSpace activities on the Instagram platform

  • Host Incentives

    • Revenue

    • Gain customers and expand network

    • Increase brand awareness

    • Access to exclusive host events

    • Advertising opportunities

Communication

  • Hosts/Customers

    • App and activity promotion on Instagram

    • Advertising at InstaSpace Launch Party

    • Promotional materials at creative venues
      (art schools, museums, galleries, maker spaces, photography stores, art events, etc.)

    • Word of mouth (colleagues, friends, family, etc.)

    • Influencers

    • Blogs

    • Media

Distribution

InstaSpace is distributed through Apple’s App Store and the Google Play Store

Expected Results (by 2020)

  • 2,500 creative hosts for InstaSpace activities across 50 cities

  • 60,000 InstaSpace activities annually

  • 900,000 attendees (average of 15 attendees per event)

  • A variety of activities offered (e.g. photography classes, printmaking workshops, open-studio sculpting, furniture-making, latte art session, etc.)

  • Revenue of $9M from ticket sales and ads on Instagram platform

Detailed Implementation Program

  • Preparation (0-6mo)

    • Develop Mobile App Platform (using Instagram staff)

    • Train InstaSpace staff (using Instagram staff)

    • Outline touchpoint guidelines for look and feel

    • Recruit creative hosts, spaces, influencers, and brands in Launch City and future InstaSpace cities

      • Provide incentives (advertising, discounts, etc.)

    • Support hosts in designing activities to ensure on-brand experiences are evoked

    • Beta test InstaSpace activities

  • Launch (6-9mo)

    • Advertise Launch Party and InstaSpace activities

    • Roll out the app

    • Throw Launch Party

    • Roll out full activities offerings in Launch City

    • Refer-a-friend incentives: $10 for every friend

    • Giveaways: on the app and at the activities

  • Grow and Scale (9+ mo)

    • Year 1: 1 city, 30 hosts

    • Year 2: 10 cities, 50 hosts per city

    • Year 3: 50 cities, 50 hosts per city

    • Roll out incentives to retain attendees (e.g. discounts for buying bulk ticket packages, discounts for attending more activities, and VIP program with exclusive VIP perks and parties)

 

 

 

Topline

To validate the concept, I put together the following brief and asked millennial women (the target market) the following questions:

 

Brief:

InstaSpace is a mobile app by Instagram where creative millennial women can find activities to create fun stuff and collaborate in a creative community. All you need to do is download the app, buy a ticket to the activity on the app, and show up. The activities are hosted by creative experts and you leave the activity having created something cool that you can take home and take photos of.

 

Questions:

What do you make of this?

What might make this better?

Does this fit what you’d think of when you think of Instagram?

Would Instagram be credible if it offered InstaSpace?

 

This is the Topline I put together:

 

I conducted 5 interviews on April 24th, 2017 in San Francisco, CA, with women who fit the target profile. Insights subject to change upon future review of the data.

 

Prototype:

InstaSpace is a mobile app by Instagram where creative millennial women can find activities to create fun stuff and collaborate in a creative community. All you need to do is download the app, buy a ticket to the activity on the app, and show up. The activities are hosted by creative experts and you leave the activity having created something cool that you can take home and take photos of.

 

Research:

  • 5 out of 5 individuals had thoughts on what to make of InstaSpace:

    • “It’s nice because experts can gather in one place and share their experience with others”

    • “It’s good because it’s hard to meet other creatives”

    • “It widens perspective”

    • “It’s cool”

    • “It’s great. I don’t have a place to work on messy projects right now”

  • 4 out of 5 individuals had thoughts on what could make this better:

    • “Make the experience interactive, not just a lecture”

    • “Provide workshops where people learn how to document their creations”

    • “Send out a survey to see who has a common interest or who wants to learn a common thing”

    • “Encourage relationships”

  • 3 out of 5 individuals said that InstaSpace fits what they think of when they think of Instagram. Responses included:

    • “No, because Instagram has a negative connotation with people being cautious about how they’re perceived”

  • 5 out of 5 individuals believe Instagram would be credible if it offered InstaSpace. Responses included:

    • “Yeah, definitely”

    • “Yes, because it’s a social and you get to meet other creatives in real life”

    • “Yes, it’d capture the casual creatives like me, and the professional ones who need stuff to post for their livelihood”

 

Insights:

  • Creatives want to connect with other creatives and have an on-going relationship

  • Instagram is credible in offering InstaSpace

  • InstaSpace appeals to the users who seek community and creation from Instagram

 

Opportunity:

  • In addition to providing activities to create, InstaSpace can help creatives learn how to best showcase their creative process and creative work through Instagram