Flipkart marketing strategy

Flipkart marketing strategy

1. Suket Gupta - 141351 Sunny Wadhwani - 141352 Surabhi Pandey - 141353 Shweta Dubey - 141354 Tarun Vasnani - 141355

2. INTRODUCTION FOUNDERS – SACHIN AND BINNY BANSAL HEAD QUARTER – BANGALORE, INDIA AREA SERVED – INDIA INDUSTRY – ONLINE RETAILING SERVICE – ELECTRONIC COMMERCE EMPLOYEES - 10,000 REVENUE - $1 BILLION ( FY 2013-14 )

3. FACTS ‘The Online Megastore’ was f ounded In 2007 Seed Money Of ₹4 Lacs Initially Focused On Online Sale Of Books One Of The 10 Most Visited Websites In India Recently Acquired Myntra for ₹2000 Cr Today The Company Sells Products Across Categories Like Apparel, Electronics, Home & Kitchen And Sports Equipments. Flipkart has 22 million registered users and handles 5 million shipments every month.

4. FASHION BRAND

5. E-COMMERCE INDUSTRY IN INDIA Rapid growth and high potential Fastest growing market in Asia P acific region. Social media and mobile technologies Large retailer are coming online for better awareness of their product in consumers

6. MARKET DEMOGRAPHIC Caters to tier 1, tier 2 and tier 3 apart from metropolitan. Third largest internet user of 124 million . Expected mobile user base of 87.1 million by 2015. On an average 20 products are sold in A minute . More than 75% population is between 15-34 year Projected sale by end of year 2015 by 10 billion

7. MAJOR COMPETITORS

8. TAGLINES Book Store At Your Door The Store At Your Door Jo Dikhta Hai Wo Bikta Hai No Kidding , No Worries Shopping Ka Naya Address

9. PRODUCTS Books Music And Movies Games Computer And Related Accessories Mobiles And Cameras Beauty And Healthcare Products Stationery Toys Perfumes And Cosmetics Home Appliances And Electronics

10. S.W.O.T ANALYSIS

11. STRENGTH It has its own logistics arm ( eKart Logistics) Many payment options First mover advantage Customer orientation website Various filters to sort through products. Offers competitive prices through discounts Quick Home delivery Gift service on various occasions. Cash On Delivery

12. WEAKNESS People sceptical about security of online transactions. Takes time to build confidence among people. Low profitability .

13. OPPORTUNITIES Proliferation of m-commerce. Increasing internet penetration Target social media for more number of customers . Untapped potential in FMCG sector.

14. THREATS High competition by other existing online markets. Capture of latent market demand by competitors. Government policy regarding FDI in e-commerce.

15. STRATEGIES Membership cards & premium facilities (Flipkart First and Flipkart Students.) Extended range of all products. Providing sponsorships and space for local retailers Multiple language option on websites. Friendly user interface. Gift packaging (discounts and gift vouchers) Market penetration by funny advertisements.

16. COMMERCIAL

17. Special offers on occasions such as Diwali, Teacher’s Day. Customers Insights Branding – Idea Creation Measuring Effectiveness by rating given by customers. Partnership with Motorola and Xiaomi for exclusive product launches . Launch of own product range under the name "DigiFlip", offering camera bags, pen-drives, computer accessories, etc. STRATEGIES

18. PROBLEMS Touch and feel experience of product is missing Return policies are cumbersome. Customers hesitate to buy expensive product online. Delivery issues in small cities and towns. Public’s online trust is less .

19. TARGET CUSTOMES People who surf internet People who don’t have time to shop Urban population Variety seeking people People who prefer a hassle feel free approach to shopping.

20. KEY INSIGHTS People are comfortable shopping while shopping up to ₹5000. People prefer the privacy offered by online shopping. They feel online portal provides more options for shopping They can judge and compare products easily as compared to retail outlets.