Manipalmart (1)
Transcript of Manipalmart (1)
About manipalmart
This was started in the year 2009 by Mr Shivananda Pai with minimal investment of 6k.
His craze and passion about computers has given rise to manipalmart.com
Business Performance
It has got 5 lakh clicks in a year. The no of visitors has reached 6,88,905 which is due to the admissions in 2010.
Customized adwords from Google
Substantial amount of revenue generated
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The website has customers who work in well known companies and gets calls from many parts of the world
The primary target segment is the student community of Manipal
Business strategies to retain customers
The site also uses referral marketing with the concept “write blogs and win prizes.”
Integration of many services under one website.
Features of the site
Services :Buy/rent/sell, cell phone recharge, online print etc
Student center: lodges, print files etc Online shop: cinema hall, railway &
bus tickets etc. Places to visit Gallery
Value proposition
Integration of services
Quality of its services & customer service
Functionality is simple and hence user user friendly
Revenue model of manipalmart Based on transaction- Brokerage model The website uses transaction based
revenue model and sellers paid commission on the transactions facilitated by the site.
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- Affiliate model – amazon.com
- Advertising model - Rs 100 for advertising on the website
Business model on the type of participant
- B 2 C
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Target Segment: The primary target segment is the
student community of ManipalCompetitive Environment: Local vendors go from brick & mortar
to click & mortar
Free services
There are various services by the site where the user can find the source list for services like:
- Beauty parlor- Tracking railways and flight- Cooking gas
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- Travel agents- VIP phone numbers- News updates- Coaching for entrance- Gift shop- Cloth shop- Cinema hall
Paid services
The website takes certain percentage as transaction fee which is the commission paid by the service renderer.
- Buy/sell/rent- Ticket booking- Hotel reservation- Mangalore store
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- *Call an auto- *Medical tourism- *Packers and movers- *Pay my bill- *Money exchange
* - Some of the opportunities identified by manipalmart and which are in the process of implementation
Other services
Places to visit List of places, distance from here,
best time to visit, how to get there and other details are given.
Gallery
Applied one’s
Context: the website has a drop down menu
of services at the home page only from which the user can choose his required services
Commerce: the website uses paypal as a
payment gateway
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Connection: have connection with many of the sites. There is
an association with many sites in every page.
Communication: - two way communication through blogs - Website strive to reply individually to users emails within one business day. - Users can also find the answers to commonly asked questions in Help centre at [email protected].
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Information regarding the local offline stores have been made available onlline.
More emphasis on customer service and building up customer loyalty.
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Has established associations with many enterprises in a short span.
No competition
Niche marketing
Weakness
Problems in transaction because of non-payment of taxes.
As the website is managed solely there are lots of pending jobs.
Too many banners
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Mistakes in spelling which could lead to miscommunication.
Few of the listed services are not activated.
No privacy policy maintained.
Opportunities
Offline store
Tours for places around Manipal
Event management
Blood bank
Movie ticket booking
Threats
Generally - Advancement in technologies
Presence of brokers
Presence of other sites with similar features
Matching cultural differences
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Competition by new entrants or offline competitors
Change in the demand of students due to the change in the trends, styles, tastes and preference.
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