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  • Gaurav Mishra 3:54 pm on April 14, 2008 Permalink | Reply
    Tags: , , HT, , , , , ,   

    The Marketer Who Went Off Consumption Gets Its First Interview In Indian Daily Hindustan Times 

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    Quick Summary: Check out my interview in Indian daily Hindustan Times for ‘The Marketer Who Went Off Consumption’, my year-long book-as-a-blog experiment in why we choose to consume or not.

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    ‘The Marketer Who Went Off Consumption’ is my year-long blog-as-a-book experiment in why we choose to consume, or not.

    If you haven’t yet subscribed to ‘The Marketer Who Went Off Consumption’, you should subscribe to it now, for free, in a feed reader, or by e-mail.

    Yesterday, my first interview for ‘The Marketer Who Went Off Consumption’ was published in Indian daily Hindustan Times.

    The interview was published on the front page of the Delhi edition –

    HT Delhi 130408 Gaurav Mishra Off Consumption

    – and the city section in the Mumbai edition –

    HT Mumbai 130408 Gaurav Mishra Off Consumption

    One interesting thing I learned yesterday is that different editions of a newspaper may publish different versions of a story.

    The Mumbai Edition published the full story — see text below — complete with my rules and URL.

    The Delhi Edition published a much shorter version of the story — also available online — but it was on the front page and I’m not complaining at all.

    The Simple Life

    Marketing professional Gaurav Mishra has embarked on an intriguing experiment: a no-frills, no-indulgences, low-consumption life

    Riddhi Shah, Mumbai
    riddhi.shah@hindustantimes.com
    Sunday, April 13, 2008

    Imagine never being able to eat out; not even a vada pav at the station. Never being able to go shopping for clothes or for gadgets. Or being able to go to the movies. Imagine not using a car or a taxi, walking as much as you can and taking the train. And having to do all the housework yourself.

    Sounds like your worst nightmare? For 28-year-old Gaurav Mishra, it’s just an average day in his life. Not because he’s living a life of poverty; in fact, he’s an assistant general manager at one of India’s leading automobile companies.

    But for an entire year, Mishra has set off on an experiment to go “off consumption” – which, by his definition, means that he won’t buy anything unless it’s a necessity .

    “I got tired of trying to equate happiness with consumption. I’d bought so many clothes, books, DVDs and immersed myself in luxury I had success, I had money, but . didn’t know the purpose of my life,” says the Patna native.

    His yearlong experiment, he says, is an attempt at finding a way to lead a simpler life. “Besides, I’ve realised that people getting tired of consumerism is going to be a big trend. And as a marketer, it’s a trend that I want to study I’m hoping this year will give me insights into what marketers need to prepare for in the future,” says Mishra, who holds an MBA from IIM-Bangalore. And like any good marketer, he also knows the latent potential of his unique experiment – Mishra is waiting for that big book deal to come through even as he writes about his daily experiences on his blog (www.gauravonomics.com). Necessity or not?

    Whenever he tells people about his experiment, says Mishra, the first question is always: how does one define a necessity? But he deliberately refrains from a concrete definition. “Part of the point of the project is to figure out what exactly constitutes a necessity. That’s one of the insights I’m looking for,” he argues.

    In the three weeks since he’s given up consumption, he’s already learned enough about marketing and the future of consumerism to fill a few chapters of his book: For in- stance, he says that even if he’s given up McDonald’s burgers, he’s still buying relatively expensive muesli because he considers the latter a necessity. So, he concludes, “Health food will continue to grow as a segment even if fast food doesn’t.” Or, he relates, “Because I can’t go to restaurants anymore, I’m beginning to experience the absolute lack of public places in the city It would . be a great marketing tactic for Barista and Café Coffee Day to position them selves as free spaces rather than exclusive cafes.”

    He’s also tapping into the increasing populari ty of the ‘swapping economy’, after being forced to look for alternative accommodation instead of a five-star hotel the next time he travels on business. “I signed up for something called couch surfing, in which people offer their couches to strangers for free. Such free or barter arrangements promise to be a huge thing in the future,” says Mishra.

    But it’s only early days. There are another 344 days to see through, and he foresees, “The biggest problem promises to be my social life. I’m worried about how I’ll continue to relate to my friends if I can’t go to a restaurant, a movie or a bar. Right now, they’re still willing to come over or meet me for a walk, or cook for me when I visit them, but at some point it’ll become too much of an effort. What will I do then?”

    And of course, there’s the problem of maintaining a love life – how does a 28-year-old take a girl out on a low-consumption date? “So far, I’ve been creative and gone to Juhu beach once and cooked dinner twice, but at some point I might run out of options,” Mishra confesses.

    There are other possible roadblocks. While cleaning and cooking doesn’t seem like much of a chore right now, there’s always the possibility of coming back to a dirty house, and getting desperate enough to ask his maid to come back.”

    For right now though, Mishra is focusing on make the project as much of a public spectacle as possible. “It’s a way of keeping myself in check. The more people know about it, the bigger fool I’ll make of myself if I fail to see this through,” he says.

    It’s not going to be easy, of course. “I’ve completely taken out all comfort food from my life. Even something as simple as eating ice cream is a problem. So,” jokes Mishra, “I’m just going to have to be happy all the time.”

    Mishra’s Laws of Low Consumption

    - Only basic groceries, toiletries and household items are allowed.
    - Eating out and going out for paid entertainment are not allowed.
    - Buying clothes, accessories and gadgets is not allowed, but repairing and borrowing them is.
    - Buying books, music, or movies is not allowed, online or offline.
    - Mass media are not allowed.
    - Household help is not allowed.
    - Buying gifts is not allowed, but giving and receiving gifts is.
    - Consuming what he already has is allowed. He will only replenish if necessary.
    - Work is sacrosanct; he will not let his experiment interfere with his ability to work.

     
    • Gaurav Mishra Jr 4:08 pm on April 14, 2008 Permalink | Reply

      Great going dude, You sure know how to make things fall in place. Watching you closely.

    • Gaurav Mishra Jr 4:41 pm on April 14, 2008 Permalink | Reply

      Between did you checked this https://twitter.com/gmishra/statuses/783740604

      Not sure you are following me on twitter :)

    • harini calamur 7:14 pm on April 14, 2008 Permalink | Reply

      nice article… read it yesterday in the HT
      now a question …
      isn’t the internet mass media?
      or are you just posting and not consuming the mass part of the net ?

    • Gaurav Mishra 9:39 pm on April 14, 2008 Permalink | Reply

      @Gaurav: Thanks. The book has been such an all-consuming affair that I have hardly had time for Facebook, Twitter, or Google Reader.

      @Harini: I anyways was never into the mass-media part of the Internet — I assume you are referring to news portals and newspaper websites — but now I don’t even have time for my 200+ feeds. :-(

    • harini calamur 7:56 am on April 15, 2008 Permalink | Reply

      Hi Gaurav
      everything except social media — which is more niche and one on one…..so FB, Twitter, Flickr, etal is social media and one on one…..
      and amazon, newspaper, film, gaming sites, etal would be mass….rough rule of thumb division…
      but, good luck with the consumption celibacy…

    • Mayank Dhingra 10:55 am on April 15, 2008 Permalink | Reply

      Saw the article in HT before seeing your tweet or blog post and it came as a pleasant surprise :)
      Really looking forward to your analysis on “why we consume”..All the best for “Off Consumption”..Cheers

    • sanjay m dubey 9:58 pm on May 6, 2008 Permalink | Reply

      hi gaurav,i appriciate ur experiment but what really are u trying to establish…plus dont u think ur activities are anti economy in a micro sense & what about the pile of money u ll save in this “abstainment” excersise !its really very hard to imagine the king of experimetative life u seem to be living but still while one thing is understood that ur trying to establish the real necessities in life,but still largely i fail to see ur embedded motives behind this experiment,maybe in an artistic,philosphical or social terms u can establish worthwhile results/insights but from purely marketing point of view,its quite perplexing whether what kind of insights u come up with ,anyways,gudluck towards ur pursuit!! cheers

  • Gaurav Mishra 10:54 am on March 1, 2008 Permalink | Reply
    Tags: , Budget-2008, , , HT, , , , , , Young-India-Forum   

    Yours Truly Featured in Hindustan Times’ Young India Forum Panel Discussion on Indian Budget 2008 

    Quick Summary: Yours truly was featured today in Indian daily Hindustan Times’ full page story on Young India Forum panel discussion on the Indian Budget 2008.

    - X – X – X -

    Hindustan Times 290208 Young India Forum Budget Panel

    Yesterday, I was part of a Hindustan Times Young India Forum panel discussion on the Indian Budget 2008. The Young India Forum is an initiative by Hindustan Times to “drive change and reach more people more directly”.

    Hindustan Times had put together an interesting panel consisting of young film-makers, entrepreneurs, and corporate fast-trackers and I had a great time at the panel discussion –

    Finely tailored suits, chic skirts and fancy designations — a perfect picture of corporate India, but without the grey hair. On Friday, young MDs, VPs and filmmakers, representatives of the changing face of corporate India, got together to take part in the Hindustan Times Young India Forum. To discuss, naturally, the Budget presented by Finance Minister P Chidambaram.

    As the FM read out the fiscal Budget — his fifth in a row — clad in a pristine white dhoti, these designer-clad corporate honchos chuckled, sighed, laughed and gave their perspective on one of the biggest events of the year in India.

    As some of you know, I don’t read the newspaper or watch TV, so I was quite clueless on what to expect from the budget (tweet). I mean, I understand enough Macro Economics to know what a good budget should focus on — basically initiatives (related to fiscal stability, education, infrastructure etc.) that have multiplier effects across sectors — but I hadn’t bothered to follow all the speculation in the build-up to the budget. An hour on Google, however, gave me enough background to talk about the budget intelligently (tweet).

    I also wanted to include a crowd-sourcing angle in the panel discussion by talking about what early adopter Indians on Twitter expect from the budget (tweet1, tweet2, tweet3, tweet4, tweet5), but didn’t get enough responses.

    My take on the budget is that it’s the classic pre-election feel-good populist budget that will please a lot of people, leave many feeling neutral and displease very few. Mr. Chidambaram is a master at packaging budgets, and that’s true for all his budgets, not only this one. The one highlight of the budget for me is the Rs. 15000 cr. corpus for “skill development”. But the big question I’m still asking myself is this — where will the money to fund Mr. Chidambaram’s generous budgetary allocations, including the Rs. 50000 cr. debt relief for farmers, come from?

    I must say that Hindustan Times has packaged the story very well — there’s a full page story in today’s newspaper, and the online version has a PDF file of the print story and a video. The print story has nice little profiles on the seven of us —

    Gaurav Mishra, Assistant General Manager, Indica, Tata Motors

    The IIM Bangalore graduate has been with the Tatas ever since he stepped out of the campus six years ago. Mishra believes in sticking around and climbing the corporate ladder. He simplifies his complex job profile to one line — “I sell cars” — and the best part of his job is that his office is located two minutes from his home. When home, he disappears and writes his blog gauravonomics.com, which deals with marketing technology. Eventually, Mishra wants to set up something on his own and create jobs.

    It’s fascinating what someone picks up when summarizing a half hour discussion in a paragraph. For instance, I blog about “marketing, technology and social media” and not “marketing technology” and I’m quite sure that whenever I start something on my own, it won’t create a thousand jobs.

    Here’s the full text of the story — I’m pleased to tell you that Hindustan Times used a quote from me as the headline :-)

    ‘A Budget difficult to argue with’

    Finely tailored suits, chic skirts and fancy designations — a perfect picture of corporate India, but without the grey hair. On Friday, young MDs, VPs and filmmakers, representatives of the changing face of corporate India, got together to take part in the Hindustan Times Young India Forum. To discuss, naturally, the Budget presented by Finance Minister P Chidambaram.

    As the FM read out the fiscal Budget — his fifth in a row — clad in a pristine white dhoti, these designer-clad corporate honchos chuckled, sighed, laughed and gave their perspective on one of the biggest events of the year in India.

    Put seven Young Turks in a room and it would not take very long for any discussion to heat up. And when the issue is as crucial as the Budget, it takes no time at all.

    The forum kicked off immediately after Chidambaram’s Budget presentation with one big, noisy agreement: that this Budget was aimed clearly at the forthcoming elections.

    “A feel-good, populist budget. It’s very difficult to argue with it,” said Gaurav Mishra, assistant general manager (Indica), Tata Motors. An “inclusive budget,” agreed Nikhil Kaushik, associate vice-president, BTS Investment Advisors.

    It was corporate-neutral budget, according to Sarang Wadhawan, managing director, Housing Development and Infrastructure Limited, and one of the moderators for the discussion. “It’s targeting the middle-income and agricultural votes.”

    Everyone agreed, however, with Devita Saraf, executive director, Zenith Computers, when she said: “Corporate India has had a long bull run so it’s good if the FM has decided to let it be and focus on the bottom of the pyramid where there are genuine concerns.”

    Not everyone was happy though. Filmmaker Vipul Shah complained that the entertainment sector, especially the film industry, had been ignored. “We’ve been fighting against entertainment tax for five years,” he said.

    What attracted everyone’s interest was the Rs 60,000-crore wavier of loans for small and marginal farmers. While corporate India agreed that it was worthy to have tackled the agriculture debt crisis, they were wary of its repercussions.

    “The headlines will be about wiping out farmer debts, and rightly so, but whether Chidambaram has opened a Pandora’s Box remains to be seen,” said Wadhawan.

    The initiatives on education also got the thumbs-up. As the second moderator for the debate Purvi Sheth, vice-president, Shilputsi, put it: “We need more IIT graduates and more skilled young people. If we want India to compete on an international stage, we need more high-grade educational institutes.”

    Shweta Joshi felt that educational incentives would now enable India to focus on research and development. “The boost to technology in education and a knowledge network are good news. Moving to being a knowledge-based society from the current consumption-based society will be good for India,” said the former teacher.

    Introducing himself as an environmentalist, Sohail Khan, head of sales for Deal Group Media, pointed out that environmental issues had been largely ignored, except for the protection of tigers. “Eventually, it’s an ecosystem we exist in where everything affects everything, directly or indirectly,” he warned.

    The discussion was not without its unanswered questions. How will all allocations be implemented effectively? How do you let people at the bottom of the pyramid know of the initiatives for them? What’s the plan on enhancing agricultural productivity?

    The forum ended with hearty laughter as Kaushik quipped on Chidambaram’s statement that he was a lucky FM.

    “He’s a lucky FM all right! He made an entry when India went into a growth phase; he’s going into the election year in a growth phase.”

    No one contradicted Sarang when he ended the session saying it was a budget aimed at “bringing Congress back to power”.

     
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