Virtual Shopping99
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Transcript of Virtual Shopping99
VIRTUAL MOBILE SHOPPING
“Every little thing helps”
Business Concept
Virtual mobile shopping is an revolutionary marketing concept
QR code is Scanned through QR code Scanner installed in mobile
Restaurant
Tourism
Art& fashion
Photography
Used in industry
Increase the sale by 130%Increase membership by 76%
Scan the Above QR code for purchase
Working
1. Scan the QR code of product with the help of
phone
2. Product automatically lands in online
product list
3. When the online purchase is done,
4. It is delivered to home and payment take
place .
Advertisement
..\out door marking.FLV
Countries where it is working
Home plusWal-MartPeapodYebhiPayPal
Company Involve
MARKET RESEARCH PROCESS
Problem and Research Objective
What is to be researched (the content, the scope)
• Potential customers
• Potential Industry
Why is to be researched (the decisions that are to be made)
• To test Feasibility of virtual mobile shopping in Dehradun
RESEARCH PLAN
Data sources
Secondary- Research papers, journals, magazines
Primary – Questionnaire
Research Instruments
Questionnaires
Quantitative Approach- Customer
Qualitative Approach –business houses
Research Software
• IBM SPSS Statistics 20
Sampling Plan
Sample size -100
Probability sample
Simple Random sample
Non probability sample
Convenience sample-friends,
Judgment sample -business houses
MARKETING STRATEGY
Consumer Segment
Consumer segmentation (stp)
Geographical -
Demographic
Target Demographic
Age -18 to 25 years
25+years
Income group-10000-200000
200000+
Martial status –Male, female
Geographic
• Urban area
• Dehradun
• Working professional
• Students
• Housewife
Positioning ( target location)
Railway stations
College
Airport
Parks
DEMOGRAPHIC ANALYSIS
AnalysisMajority of the population which liked VMS is aged 20-30 year(78.6%)
Analysisworking professional and Students are the potential customer
What is age category of respondent
What is profession category of respondent
Analysis Practice of VMS is more common among who are graduates or above ( working class are major percentage of graduates )
What is qualification category of respondent
Strength:
increase in sales without increase in retail store
Market penetration
Attracts pool of busy and professional people
Established brand name in foreign countries
Weakness:
If number of the product change, it would be costlier to create virtual store again with QR code technology.
Customers can’t touch the product
Rural areas
S.W.O.TOpportunity:
67 million Smart phone usersSubstitute to Traditional shopping style Potential user -Reliance trend , Big bazarThe widest portfolio of products
Threats: Threat from hackers Rapid pace of change in technology Online stores Consumer knowledge
ProductDesign-Square in shapeFeatures- QR code and ScannerCustomer service -24*7, home serviceWill eliminate the need of traditional shopping styleGood life cycle ( 5 years)
PriceIn India price always been the deciding factor of product
So the only cost to be incurred is cost of the poster
4 P’sPlace CollageBus stand / Railway stationRestaurantPark
PromotionBannerssocial networking websites etcAds in –TV, magazineWOM
Cost To Company Cost To Customer
Cost of poster-size, Quality Software cost- free
Cost of QR code- Free(GOQR.ME )
Delivery cost –may be
Maintenance cost-website ,poster
Customer Question Analysis
Which places would you prefer to do virtual mobile shopping
Do you find virtual mobile shopping a convenient mode to shop
Analysis Most of the people would like to purchase through virtual mobile shopping
AnalysisCollege and railway stations are the most preferred locations
What category of product would you prefer purchasing through virtual mobile shopping
What benefit do you yield from virtual mobile shopping
Analysis Electronic product and clothes are most preferred product
Analysis time saving and wide variety are the most benefit associated with VMS
Findings from quantitative Questionnaires
Cross Tabulation –Income And Convenience
From the 80 respondents more than 87% people ranging from 6 L to 10L willing to spend for convenience in their shopping . Results Potential customers - 6 L to 10L Range
Out of 80 respondents 86% of them preferred VMS Out of 86% ,90% of male prefer VMS
Result
Potential customer – Male ( working Men)
Cross tabulation- virtual preference gender category
Qualitative Questionnaires Analysis
WOULD YOU LIKE TO INTRODUCE VIRTUAL MOBILE SHOPPING INTO YOUR BUSINESS
DO YOU THINK VIRTUAL MOBILE SHOPPING WILL HELP IN INCREASING YOUR COMPANY SALES
Analysis Business Owners are
very much interested in VMS and they welcome
the concept
Analysis Expectation of owners are very much high from VMS and they are confident that our concept will increase their sales
WHERE WOULD YOU LIKE TO POSITION VIRTUAL WALL
Analysis Combo are Jumbo
WHICH PROMOTIONAL TECHNIQUE WOULD YOU WANT TO INTRODUCE
Analysis Collage and Railway station are hot favorite positioning place
Finding from qualitative Questionnaires
Cross tabulation- introduction of VMS and shopping sector
Out of 20 Retail outlet 78 % of them willing introduce VMS Out 78% of retail outlet megastore and clothes store shows keen interest Result Potential customers-mega store and clothes store
Cross tabulation-introduction of VSM and positioning
Out of respondents who say yes to VMS want to position there virtual wall in college and railways stations
ResultPosting Area – Railway stations and college
FINDINGS AND CONCLUSION
In case of cross tabulation between gender category and virtual as convenience mode 90% male feel that virtual shopping as convenience mode of shopping
From the 80 respondents more than 87% people ranging from 6 L to 10L willing to spend for convenience in their shopping
Out of 20 Retail outlet 78 % of them willing introduce VMS Out 78% of retail outlet megastore and clothes store shows keen interest Potential customers-mega store and clothes store
Out of respondents who say yes to VMS want to position there virtual wall in college and railways stations
Limitation
Limited time period of the study
Non-availability of owner, Mangers
Behaviour of people
Complexity of the subject
Recommendation
Is to invest in VMS as responses are very much positive from the people and have good market feasibility.
Our recommendation to the Business houses
References
Richard Clarke- Vice President,Jan.01.2013 , White paper Retailing Without Walls,1vol,Fujitsu,International Business,Boston, page no-3.
Kpmg International ,Issues In The Retail Industry ,September 2012, Volume 12.pg -27 Tesco bids for a virtual supermarket sweep, Independent, February 2012
Pop-up store turns UK historic sites into augmented reality shopping centers, QR Code Press, November 2011
Tesco launches online grocery shopping in Prague, Tesco, January 2012
Online grocery shoppers like home delivery, Internet Retailer, March 2011
Tesco, Ocado Trial Virtual Shopping Walls to Lure Mobile Users, Bloomberg, August 2011
Walls become shop shelves in grocery war, AU the west, February 2012
Just popping by to phone in some window shopping, the Islander, February 2012
Appendix
Reference supplementary materials and resources