final project vodafone
TRANSCRIPT
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EXECUTIVE SUMMARY
This project aims to study the sales promotion network patterns of the
telecom sector through a Live Interview with the sales and distribution
manager of VODAFONE LTD. Company in Patna. In this project we have
tries to bring out or explained how the sales and distribution network work
for the Vodafone in Patna and around the India.
The project was designed after detailed discussion with the company
officials that is the Sales and distribution Manager for the distribution and
sales functioning in Patna.
This project is Based on the live Interview which is conducted for collecting
the data /information from the Sales and Distribution Manager that how
the sales and the distribution network is work.The project covers the sales
network of the company with the dealers and that of the dealers with the
customers.
In this project we have taken the Interview of the Sales and Distribution
Manager Mr. Ram Krishnan Iyer, he had provided and avail the valuable
information about the sales and distribution network of the Sale and
Distribution.
Which help us in this project for knowing the sales management? And the
whole project is based on the interview and the Sales and Distribution
manager has told that take the company profile from the Internet and
company website.
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INTRODUCTION OF PROJECT
This project aims to study the distribution channels, sales network and
servicepatterns of the telecom sector that is Vodafone Ltd.The project also
triesto bring out the shortcomings, if any, in the present system and thus
recommendssuggestions to improve the same. The project also gives
insights into the variousfinancial terms, norms of the sales and service
departments as per the guidelines ofthe telecom industry.
The project was designed after detailed discussion with the company
officials onthree parameters i.e. distribution network, service network and
sales functioning.
Firstly, the project discusses the distribution network of the company and
thefunctions carried out by the channel members. Vodafone Limited being
thelargest services provider in Patna definitely has a wider reach and more
number ofdealers. The project also covers the financial terms of the
company with the dealers andthat of the dealers with the
customers.Secondly, the project discusses the sales functioning of the
company, whichincludes aspects such as the hierarchy of the sales
department prevalent in thecompany; the responsibilities and functions of
the sales force, their performanceappraisal structure etc.
Finally the project covers the service network of the company which
dealswith the after sale services and their effectiveness provided by the
companyand various complaints and queries are handled by them.
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NEED OF THE STUDY
In todays context both markets and marketing is complex. Cellular
Phones and mobiles have stormed the market in its fast growing world of
technology. This survey under taken for Cell Phone services will enable it to
Phone. The users awareness and satisfaction level towards VODAFONE
services.
This survey gathers information from Cell Phone users. It brings out
the customer feedback on the product.
Mainly this survey looks into the users profile and check for any
relevant relation of dependence with the variable like occupation age group
of respondents.
This study restricts itself to PATNA Division. It helps to understand
users preference for the main competing brands of Cell Phone services like
VODAFONE CELLULAR SERVICES, TATA DOCOMO, UNINOR, and
RELIANCE in. Sri Kalahasti. This will benefit company in making their
future marketing decisions.
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OBJECTIVE OF THE PROJECT
To increase in Shop demonstrations. To Visit Vodafone Stores, outlets. To find out which factors has influence on sales. To find out solution to increase the sales of Vodafone products in
Patna.
Study about the need of improvement in existing Marketing System. Competition analysis
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RESEARCH METHODOLOGY
MEANING OF RESEARCH:
According to D. Stephenson in the Encyclopedia of social sciences defines research
as the manipulation of thing, concepts are symbols for the purpose of generalizing to
extend, correct or verify knowledge, whether that knowledge aids in construction of theory
or in practice of an art.
RESEARCH DESIGN:
Research Methodology include seven stages that to be followed sequentially.
Those are listed below.
1. First the problem has to be defined and determined. Knowing the need of thestudy can do this.
2. The information that is required for solving the problem has to be specificallydefined.
3. In this stage source from which the information can be obtained is identified4. The next step is to obtain information through data collection techniques.5. The obtained information is processed to get the required output6. The findings from the processed information are then interpreted.7.
Lastly the findings are presented.
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This can be symbolically represented as shown below
The research design is the basic framework that provides guidelines for the rest of the
research process. The research design specifies the method of data collection and analysis.
Research was undertaken in Patna during March 2013 to April 2013.
2) DATA SOURCES:
Data sources are the sources from which we get the information.
Data collected through company approved questionnaires have been used as the primary
source of data and also usage of secondary data wherever applicable.
PRIMARY DATA
To understand the customer of newspaper in terms of brand choice and brand
perceptions, primary data is necessary. By using primary data, collection method,
consumers were collected. (COLLECT or Gather consumer responses).
This was done with the help of fully prepared structured questionnaires with a
prescribed sequence of open ended, and closed ended questions, multiple choices,
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discriminate, rating and ranking to capture the appropriate responses from the
respondents.
SECONDARY DATA
This was collected through oral communication. Secondary data about the company
profile and other details were collected from the company brochures through personal
discussions with the company managers .Data pertaining to newspaper industry has been
obtained through the book The Mass Media and You by Desmond A.D. Abcro.
SAMPLING PROCEDURE
A sample of 100 respondents belonging to different areas in PATNA was drawn.
The sample was divided into different groups in such a way that it will represent different
categories of the people.
SAMPLING TECHNIQUE
The location was chosen on a random basis. Even this sample was chosen by
simple random sampling. A sampling technique in which every element of the population of
interest has an equal probability of being included in this sample.
POPULATION:
All the Customers of VODAFONE have been deemed as the population of the study.
SAMPLE SIZE
The sample size is 120, and the respondents are from PATNA.
PERIOD OF STUDY
The period of study is 2 months duration.
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LIMITATIONS OF THE STUDY
Time duration for the study was limited to 2 months. The study was restricted to PATNA. A convenience sample was taken from PATNA and the sample was restricted to 100
customers.
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COMPANY PROFILE
VODAFONE LIMITED
Vodafone, the worlds leading international mobile
communicationscompany, has fully arrived in India. Vodafone Essar
announced today thatthe Vodafone brand will be launched in India from
21st Septemberonwards.
The popular and endearing brand, Hutch, will be transitioned to
Vodafoneacross India. This marks a significant chapter in the evolution of
Vodafoneas a dynamic and ever-growing brand. The brand change over the
next fewweeks will be unveiled nationally through a high profile campaign
coveringall important media.
Vodafone, the worlds leading mobile telecommunication
company,completed the acquisition of Hutchison Essar in May 2007 and
thecompany was formally renamed Vodafone Essar in July 2007.
AsimGhosh,Managing Director, Vodafone Essar, said Weve had a great
innings asHutch in India and today marks a new beginning for us. Not as
a departurefrom the fundamentals that created Hutch, but an acceleration
into thefuture with Vodafones global expertise.
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Harit Nagpal, Marketing and New Business Director, Vodafone Essar, said,
This transition is probably the largest brand change ever undertaken in
this country and arguably as big as any in the world. It is even larger than
our own previousbrand transitions as it touches over 35 million
customers, across 400,000 shops and thousands of our own and our
business associates employees.
The Vodafone mission is to be the communications leader in an
increasingly connected world enriching customers lives, helping
individuals, businessesand communities be more connected by delivering
their total communication needs.
Vodafones logo is a true representation of that belief The start of a new
conversation, a trigger, a catalyst, a mark of true pioneering.
Vodafone established its presence in India in 1994 by acquiring the
cellular license for Mumbai. It now has operations in 16 circles accounting
for 70% of Indias mobile customer base. With over 27.7 million customers,
it is one of Indias most reputed telecom companies.
Vodafone, under the Hutch brand, over the years, has been named the
Most Respected Telecom Company, the Best Mobile Service in the
country, and the Most Creative and Most Effective Advertiser ofthe Year.
Hutchison Essar is now part of Vodafone the worlds leading
international mobile communications company. Vodafone now has
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operations in 26 countries across 5 continents and 36 partner networks
with about 225 million proportionate customers worldwide. Vodafone has
tied up with Essar as its principal joint venture partner for the Indian
operation.The Essar Group is one of Indias largest corporate houses with
interests spanningthe manufacturing and service sectors like Steel, Oil &
Gas, Power, Telecom & BPO, Shipping & Logistics and Engineering &
Constructions. The Group has an asset base of over Rs.20 billion (US$
4.4.billion) and employs over 4000 people.
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DRIVE OPRATIONAL PERFORMANCE
3.2.1 VALUE ENHANCEMENTThey will drive operational performance through customer value
enhancement (which replaces revenue stimulation) and cost
efficiency. Value enhancement involves maximizing the value of their
existing customer relationships not just the revenue. They will move
away from unit pricing and unit-based tariffs to propositions that
deliver much more value to our customers in return for greater
commitment, incremental penetration of the account or more
balanced commercial. This will require a more disciplined approach
to commercial costs to ensure their investment is focused on those
customers with higher lifetime value. They are confident that by
targeting their offers, they can deliver more value to our customers
and have a better financial outcome for Vodafone.
3.2.2 COST REDUCTIONCost efficiency requires them to continue to deliver scale benefits by
optimizing operating and capital expenditure. Across the Group they
have a significant number of cost programmers, which they expect to
reduce current operating costs by approximately 1 billion per
annum by the 2011 financial year. This will offset the pressures from
cost inflation and the competitive environment and enable
investment in revenue growth opportunities. As a result, on a like-
for-like basis, we are targeting broadly stable operating costs in
Europe and for operating costs to grow at a lower rate than revenue
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in ACE (Africa and Central Europe) and APME (Asia Pacific and
Middle East) between the 2008 and 2011 financial years. Capital
intensity is expected to be around 10% over this period in Europe
and to trend to European levels in emerging markets over the longer
term.
PURSUE GROWTH OPPORTUNITIES IN TOTAL COMMUNICATION
MOBILE DATAThey have made significant progress on mobile data, with 13
Annualized revenue of 3 billion. This is still a large opportunity,
with the penetration of data devices relatively low in Europe and
almost nil in emerging markets.
ENTERPRISEThey have a strong position in core mobile services and they have
built a solid presence in 18 months in multi-nation accounts
through Vodafone Global Enterprise. They will make the most of this
strength to expand our offerings into the broader enterprise
communications market locally. This means serving small and home
offices (SOHs) and small-to-medium enterprise (SMEs) with shared
platforms and services, supported by our local sales forces.
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BROADBANDThey will adopt a market-by-market approach focused on the
service, rather than the technology. It will be targeted at enterprise
and high value consumers as a priority.
EXECUTE IN EMERGING MARKETS
Delivery in existing marketsThey are represented in most of the key emerging markets where
significant growth is expected in the coming years. Our main focus
now is on execution in these markets, particularly in India, Turkey
and African footprint, following their agreement to acquire control of
Vodacom.
Selective expansion and cautious approachThey will also try to maximize the mobile data opportunity. There are
few potential large new markets of interest to us and they will be
cautious and selective on future expansion.
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CONCEPT OF TOPICS
SALES PROMOTION
Marketing is the process of performing market research, selling products
and/or services to customers and promoting them via advertising to further
enhance sales. it generates the strategy that underlies sales techniques,
business communication, and business developments. it is an integrated
process through which companies build strong customer relationships and
create value for their customers and for themselves.
Marketing is used to identify the customer, to satisfy the customer, and to
keep the customer. With the customer as the focus of its activities, it can be
concluded that marketing management is one of the major components of
business management. Marketing evolved to meet the stasis in developing
new markets caused by mature markets and overcapacities in the last 2-3
centuries. the adoption of marketing strategies requires businesses to shift
their focus from production to the perceived needs and wants of their
customers as the means of staying profitable.
The term marketing concept holds that achieving organizational goals
depends on knowing the needs and wants of target markets and delivering
the desired satisfactions. it proposes that in order to satisfy its
organizational objectives, an organization should anticipate the needs and
wants of consumers and satisfy these more effectively than competitors.
Definition of sales promotion:
Sales promotion includes incentive-offering and interest-creating activities
which are generally short-term marketing events other than advertising,
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personal selling, publicity and direct marketing. the purpose of sales
promotion is to stimulate, motivate and influence the purchase and other
desired Behavioural responses of the firms customers.
sales promotion offers a direct inducement to act by providing extra worth
over and above what is built into the product at its normal price. these
temporary inducements are offered usually at a time and place where the
buying decision is made. not only are sales promotions very common in the
current competitive market conditions, they are increasing at a fast pace.
These promotions are direct inducements. in spite of the directness, sales
promotions are fairly complicated and a rich tool of marketing with
innumerable creative possibilities limited only by the imagination of
promotion planners. Sales promotion is often referred to by the names of
extra purchase value and below-the-line selling.
Today we find companies in almost all sectors offering some sort of a
promotion scheme. These sectors range from automobiles to beverages, from
financial services to foods, from household durables to services, from
household products to business products, from personal care to textiles and
apparel.
OBJECTIVES OF SALES PROMOTION
Sales promotion is a tool used to achieve most of the five major promotional
objectives discussed in the promotion decisions tutorial:
Building product awarenessseveral sales promotion techniques are
highly effective in exposing customers to products for the first time and can
serve as key promotional components in the early stages of new product
introduction. Additionally, as part of the effort to build product awareness,
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several sales promotion techniques possess the added advantage of
capturing customer information at the time of exposure to the promotion. In
this way sales promotion can act as an effective customer information
gathering tool (i.e., sales lead generation), which can then be used as part of
follow-up marketing efforts.
Creating interest marketers find that sales promotions are very
effective in creating interest in a product. In fact, creating interest is often
considered the most important use of sales promotion. In the retail industry
an appealing sales promotions can significantly increase customer traffic to
retail outlets. Internet marketers can use similar approaches to bolster the
number of website visitors. Another important way to create interest is to
move customers to experience a product. Several sales promotion
techniques offer the opportunity for customers to try products for free or at
low cost.
Providing information generally sales promotion techniques are
designed to move customers to some action and are rarely simply
informational in nature. However, some sales promotions do offer customers
access to product information. For instance, a promotion may allow
customers to try a fee-based online service for free for several days. This free
access may include receiving product information via email.
Stimulating demand next to building initial product awareness, the
most important use of sales promotion is to build demand by convincing
customers to make a purchase. Special promotions, especially those that
lower the cost of ownership to the customer (e.g., price reduction); can be
employed to stimulate sales.
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Reinforcing the brand once customers have made a purchase sales
promotion can be used to both encourage additional purchasing and also as
a reward for purchase loyalty (see loyalty programs below). Many companies,
including airlines and retail stores, reward good or preferred customers
with special promotions, such as email special deals and surprise price
reductions at the cash register.
CLASSIFICATION OF SALES PROMOTION
Sales promotion can be classified based on the primary target audience to
whom the promotion is directed. These include:
Consumer market directed - possibly the most well-known methods of
sales promotion are those intended to appeal to the final consumer.
Consumers are exposed to sales promotions nearly every day, and as
discussed later, many buyers are conditioned to look for sales promotions
prior to making purchase decisions.
Trade market directed marketers use sales promotions to target all
customers including partners within their channel of distribution. Trade
promotions are initially used to entice channel members to carry a
marketers products and, once products are stocked, marketers utilize
promotions to strengthen the channel relationship.
Business-to-business market directed a small, but important, sub-
set of sales promotions are targeted to the business-to-business market.
While these promotions may not carry the glamour associated with
consumer or trade promotions, b-to-b promotions are used in many
industries.
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An extensive discussion of different types of promotions for each
classification can be found in our types of sales promotion tutorial.
FUNTION OF SALES PROMOTION
Sales promotion is a short-term marketing strategy designed to achieve a
specific purpose. Sales promotion differs from advertising in that its intent is
to create a sense of urgency to encourage immediate action as opposed to
building sales or a brand over a long period of time. Sales promotion may
take the form of a temporary price reduction or a campaign to introduce an
item.
PRODUCTION DIFFERENTIATION
Use of sales promotion techniques helps to differentiate your products from
those of your competitors. this is especially beneficial are your products
offered essentially the same features and benefits as others on the market. a
method often used to make products stand out is to offer them at a slightly
reduced price for a short period of time.
ATTRACT CUSTOMERS
Sales promotions are used to attract customers during periods of slow sales.
For example, if you offer a seasonal product such as barbecue grills, by
running a promotion in the middle of winter where the price is reduced by
50 percent may encourage people to buy a grill at a time where it might not
otherwise cross their mind.
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INCREASING MARKET SHARE
Sales promotions can lead to an increase in market share for the
manufacturer. The promotion will likely increase your sales by taking away
sales from your competitors. As a result, your market share will increase
while your competitors' share decreases. NEW PRODUCT INTRODUCTION
Retailers can use sales promotions to introduce a new product. By offering
the new item at a reduced price and placing a "new item" sign in front of it,
they can persuade customers to give the new product a try. at the same time
they can discontinue a slow-moving item in the same category by marking it
down and placing a "reduced for quick sale" sign in front of it. This
technique has the effect of keeping the category fresh while freeing up
needed shelf space.
INVENTORY CONTROL
Sales promotion can help retailers limit out-of-stock situations by allowing
Them to purchase large quantities at a reduced price. This can be especially
advantageous to the retailer for items that are popular sellers that can be
difficult to keep on the shelf.
TOOLS OF SALES PROMOTION
To increase the sale of any product manufactures or producers adopt
different measures like sample, gift, bonus, and many more. These are
known as tools or techniques or methods of sales promotion. Let us know
more about some of the commonly used tools of sales promotion.
(i) Free samples: you might have received free samples of shampoo, washing
powder, coffee powder, etc. while purchasing various items from the market.
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Sometimes these free samples are also distributed by the shopkeeper even
without purchasing any item from his shop.
These are distributed to attract consumers to try out a new product and
thereby create new customers. Some businessmen distribute samples
among selected persons in order to popularize the product. For example, in
the case of medicine free samples are distributed among physicians, in the
case of textbooks, specimen copies are distributed among teachers.
(ii) Premium or bonus offer: a milk shaker along with NESCAFE, mug with
Bournvita, toothbrush with 500 grams of toothpaste, 30% extra in a pack of
one kg. Are the examples of premium or bonus given free with the purchase
of a product. They are effective in inducing consumers to buy a particular
product. This is also useful for encouraging and rewarding existing
customers.
(iii) Exchange schemes: it refers to offering exchange of old product for a new
product at a price less than the original price of the product. This is useful
for drawing attention to product improvement. Bring your old mixer-cum-
juicer and exchange it for a new one just by paying rs.500 or exchange your
black and white television with a colour television are various popular
examples of exchange scheme.
(iv) Price-off offer: under this offer, products are sold at a price lower than
the original price. rs. 2 off on purchase ofa Lifebouy soap, RS. 15 off on a
pack of 250 grams of taj mahal tea, rs. 1000 off on cooler etc. are some of
the common schemes. this type of scheme is designed to boost up sales in
off-season and sometimes while introducing a new product in the market.
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(v) Coupons: sometimes, coupons are issued by manufacturers either in the
packet of a product or through an advertisement printed in the newspaper
or magazine or through mail. These coupons can be presented to the retailer
while buying the product. The holder of the coupon gets the product at a
discount. For example, you might have come across coupons like, show this
and get rs. 15 off on purchase of 5 kg. of annapurna atta. the reduced price
under this scheme attracts the attention of the prospective customers
towards
(vi) fairs and exhibitions: fairs and exhibitions may be organised at local,
regional, national or international level to introduce new products,
demonstrate the products and to explain special features and usefulness of
the products. goods are displayed and demonstrated and their sale is also
conducted at a reasonable discount. international trade fair in new delhi at
pragati maidan, which is held from 14th to 27th november every year, is a
well known example of fairs and exhibitions as a tool of sales promotion.
purpose of sales promotion the purpose of sales promotions is to encourage
purchasing at retail locations, or in other words, to create ways to persuade
consumers to select brands and to further brand loyalty. The dentsu group
offers clients various campaign promotion methods that employ information
technology, as well as the advantages of its proprietary databases and
survey methods, integrating all these capacities to create influence that
extends from the formation of the consumer's brand perception to the
encouragement of actual purchasing at retail.
In addition to the specialized fields of e-promotions, retail promotions,
customer relationship management (crm) and direct response, the group
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provides clients with sales promotion solutions that combine conventional
sales promotion methods and mass advertising, cutting-edge creative
materials, and a wealth of high-power content. by integrating mass media
and sales promotion, we have created "power promotion design," a unique
method of producing cross-media campaigns that maximizes both
effectiveness and efficiency.
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VODAFONE MARKETING STRATEGY
VODAFONE OUTLETS
You want to go Vodafone and stay connected anytime, anywhere? Just
visit a Vodafone outlet in your neighborhood and choose from a range of
affordable Postpaid or Prepaid connections.
VODAFONE SHOPS
Whether youre looking for a new Vodafone connection, or a fresh handset,
youll find it here. You can also subscribe to any of our value added
services or get more information on them. Pay your bills, get your queries
answered, and lots more. Hutch Shops are located at very convenient
locations around the country. Select your region to find one near you.
Mobile Vodafone Shops Vodafone Shops are going on the move, to bring
our services closer to you and to provide faster online service, right at your
doorstep. You can visit a Mobile Vodafone Shop near you for:
Postpaid connections and add on cards. Prepaid connections and recharge cards Information on the latest talk plans. Bill payments via cash, cheque or credit card Demos and activation of our Value Added Services Queries, SIM replacements and much more.
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VODAFONE TELESHOPS
Did you know that a range of Vodafone services are available in your very
own neighborhood? Just walk into a Vodafone Teleshop, just round the
corner, for anything you need. At a Vodafone Teleshops you can buy a new
postpaid or prepaid card, pay your bills, reactivate your connection, and
much more.
SALES KIT
A dealer should carry the following in his sales kit:
a) All products leaflets (adequate quantities).b) List of prospects with their addressesc) Information about the competition in the marketd) Price list of Vodafone product and corresponding prices of competitor
products.
DISTRIBUTION NETWORK OF VODAFONE
DISTRIBUTION NETWORKA supply chain is described that consists of all the parties and their
supplied activities that help us to create and deliver services to the final
customer.
The front channels are specially kept in mind.
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ACTIVITIES:
Order Handling Storage Display Promotion Selling Information and feedback
SELECTION OF CHANNEL MEMBERS/DEALERSVodafone follows a strict policy in selection of the dealers, and therefore it
is necessary to fulfill the following pre- requisites to be eligible to become a
dealer:
I. The dealers should have a sound financial background. The financialcapability of a dealer is solely depended on the discretion of the
company officials.
II. The dealers should have a good market reputation, since the dealershelp thecustomers in forming the first impression a customer has
about the company.
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III. The dealer should have a good previous track record ,i.e of timelypayments, nocriminal background etc.
IV. The dealers should have good market penetration. The companysability to gainmaximum customers in this era of competition solely
depends on the penetrationthe dealers have in the market.
V. The last criterion of dealers selection for Vodafone is the area thedealers cover.This would include different geographical areas which
are covered by a dealer.
RESPONSIBILITIES AND FUNCTIONS OF THE DEALERSVodafone believes in Customer Loyalty and thus Vodafone expects that
their dealers apart from selling paint products should perform the
following functions for better customer relations management:
I. Sales promotion through regular promotional schemes, road shows,campaigns etc. the expenses incurred by the dealers is shared by the
company only if these activities are for promotion of the company
and not of the dealer.
II. Recruitment- done under the guidance of certain Vodafone officials.
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III. Training and development of manpower with company assistance.IV. Servicing according to the size of orders.V. Customer relation management.
VI. Promote other products of the company
The dealer should be in regular touch with the customer, keep taking his
feedback and ensure maximum customer satisfaction. The dealer
shouldalso try and convince the customer to try newer products of the
company.
The dealer has to thus cater to 3 major areas:
a) Pre saleb) Sellingc) Post sale service
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QUESTIONNAIRE
1) What type of sales organization structure do you possess?2) What are the various channel structures in which you operate?3) What are the various criterion/terms and conditions of selecting
your channel members?
4) What is the average Inventory Size you keep?5) What is the average Order Cycle time?6) What are the various modes of transportation adopted and cost
incurred?
7) What are the methods of measurement and frequency of providingappraisals to channel members?
8) What are the modes of by which you receive your payments:I. Advance payment
II. Payment on DeliveryIII. Credit Payment
9) In case you provide the credit period, what is the time limit?I. upto15 days
II. 15-30 daysIII. >30 days
10) How frequently do you collect the feedback from your channelmembers?
11) What are the margins you provide to your Channel Members?12) Do you support your Channel Members by promotional
activities?
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BIBLIOGRAPHY
collegesavings.about.com wikipedia.org www.st-patricks.ac.uk www.sba.gov www.pinsentmasons.com wordnetweb.princeton.edu
http://www.st-patricks.ac.uk/http://www.sba.gov/http://www.pinsentmasons.com/http://www.pinsentmasons.com/http://www.sba.gov/http://www.st-patricks.ac.uk/