market research proposal - capturing the rural market for personal and household fmcg goods
TRANSCRIPT
A proposal for understanding the market
demographics & consumer behavior of
the rural population in India for V-Care
products, and to measure the ways &
provide solutions for introduction of these
products in a cost effective manner.
Report by:
Client BriefArea Stores (Mn) Sales Contribution (%) Market Share
FMCG V-Care FMCG V-Care V-Care
Urban 2.6 1.9 62% 79% 19%
Rural 4.6 2.9 38% 21% 10%
Total India 7.2 4.8 100% 100% 15%
• Objective: 3X growth in Rural segment in 2 years• Threats from competitors having direct distribution• Where to Play -> Identify Target Markets• How to Reach -> Decide on Distribution Channel(s)
Phase I- Identifying Priority Target Markets
Identifying Priority Markets80:20 RULE – Which areas are driving the maximum sales.
Villages in 15-20sq km of tier 2-3 cities
• Input: RES pan-india rural data of 15000 sample for V-Care for past 12 months. SEC data. Census data. State Government. In-house research done in past 5 years for the Rural Population in this segment.
•Output: Who are we reaching out to, where are we reaching them.
Target Group SEC D & E
Phase II- Selecting the Right Distribution Channel
WholesalersPros
• Lower Cost
• Wider Cost in Lesser Time
• Flexible Network
Cons
• Lesser Margins
• Harder to Push Product
Direct Distribution/SalesmenPros
• Wider variety
• Greater revenue
• Better Customer Handling
Cons
• High Cost
Direct Distribution/Salesmen + Data
AcquisitionPros
• Wider variety
• Greater revenue
• Better Customer Handling
• Deeper insight into consumer behaviour
• Ease in gathering further data
Cons
• High Cost
• Training Required
TARGETING LARGER VILLAGES
• First step towards distribution strategy.
UNDERSTANDING PEAK SEASONS
• During the festival season, people in rural households are in the shopping mode and there is a need for the products.
MOBILE SHOPS
• No need for investment in land.
• Small sized packages.
Innovative Distribution Channels
Innovation in Advertising Strategy
VIILLAGE PANCHAYATS AND WOMEN
•Collaborate with the influential members of the rural segments as an advertising strategy
MOVIE SCREENINGS
COLLABORATING WITH THE GOVERNMENT
COOPERATIVE SOCIETIES
CLUSTERED PROBLEM-BASED POSITIONING AND ADVERTISING
Innovation Through Technology
A mobile based model which caters to the rural population that owns basic mobile handsets and they
place orders with V-care either by calling or by texting the details of
the products they need.
V-care delivers products door-to-door in delivery vans and delivery bikes and take payment through the mobile platform itself which can be recharged at local shops.
We’re also going to build a platform for families to send money to send
money to each other and this money can be used to make the
payments as well
Research MethodologyIdentify and
collaborate with popular mobile networks for TG
Pilot testing of concept
Innovation and Tweaking of
Concept
Implementation of Strategy
Periodic Evaluation and
Follow up
1.5 yrs
3 months
5 months Semi-Annually
2 years
Thank You
Made by:
Aakriti
Akshita
Ashima
Avantika
Gaurav