SlideShare ist ein Scribd-Unternehmen logo
1 von 50
OBJECTIVE



•To test the hypothesis that “SERVICE SECTOR especially EVENT MANAGEMENT
AND MATRIMONY CAN BE A POTENTIAL ALTERNATIVE ROUTE FOR SELLING
FASHION AND APPAREL PRODUCT ”



•To propose the E-BUSINESS MODEL based on MATRIMONY AND EVENT
MANAGEMENT .
SUB - OBJECTIVE




  •To study and analyze e-commerce especially B2B and B2C &
  its reach in India.

  •To study potential market, market size and market structure
  of Online matrimony, Event management.

  •To establish a potential link between Online matrimony,
  consultancy and event management with Fashion industry
  and fashion and apparel product.
• Books, newspapers,
                    Internet, annual reports.
                  • Published data: Business
                    source like company
                    reports, government
                    sources like trade
SECONDARY (40%)     associations i.e. RAI
                  • Unpublished data:
                    websites of companies,
                    Research / consultancy
                    reports
                  Quantitative data:
                  • Survey (Person administered
                    –mall intercept surveys of
                    customers,
                  • PI of executives of Brands,
                    computer administered using
PRIMARY (60%)       online surveys)
                  Qualitative Data:
                  • using focus group interviews
                    , Telephonic interview.
                  • Depth interview of industry
                    expert.
                  • Projective technique
E-Retailing


•    Business research suggests that the most attractive space in
    Indian Internet is e-retailing, owing to low penetration (it
    comprises less than 0.5% of India’s total retail as

•   E retailing comprise    8%+ in the US /    4% in China .

•    India’s e-retail market is projected to be over USD12bn
    in the next 5 years from the current USD 600mn (2011)
    implying a 80% CAGR.

• This would still imply less than 2% of overall retail sales and
  3.5% of per capita income.
• eBay India, which currently sells,
                                          THINK THE
•   1 Jewellery every 7 minutes         Online shopping
•   1 Mobile handset every 9 minutes        attitude
•   Appareals every 12 minutes
•   MP3 player every 18 minutes
                                                  Source :- Business standard , 12 jan
                                                                 2012
What are the Key Trigger Points ?
• The most required thrust is coming from Telecom operators connecting
  Indians to the WWW at affordable prices / devices, thus making
  Internet another utility in every house.

• Shift in buying patterns i.e. online consumption driven by mass
  marketing by e‐commerce players and adoption by traditional
  brick‐and‐mortar retailers [FDI in Muti-Brand Retail will also encourage
  them to simultaneously open e-fulfillment]. Specialty retail sites could
  piggyback on the growth in e-commerce in India.

• Conducive eco-system [Entrepreneurs & Venture Capitalists]- This is
  due to the emergence of savvy start-ups, capitalised by a thriving
  venture capital industry and increasing internet and electronic
  payment penetration.

• Matured Websites – I am really happy to see good quality websites
  with focus on UI Design and Experience. The websites of newer Indian
  e-commerce players are highly polished and offer a similar experience
  compared with their Western counterparts.

• Success Stories – Emerging [LetsBuy , Electronics, Flipkart - Books to
  Mobile ,SnapDeal - Daily Deals ] and are Encouraging others to take
  the Take the Big Leap as the addressable market is Big Monster.
2010




Source :- Business standard , 12 jan
               2012
2011)




Source :- Business standard , 12 jan
               2012
Source :- India online report , 2011
Site Features offered by online
Apparel site




                    Source :- India online report , 2011
ONLINE MATRIMONY
Someone said
“marriages are made
      in heaven”.
 If that’s true then
 Internet is the new
        heaven
Idea Generation



 BHARAT MATRIMONY was the first company to provide online
  matrimonial services to indians.

 Started in 1997 BharatMatrimony.com pioneered online matrimony.

 first matrimonial site to receive the coveted ISO 9000:2001
  Certification

 Entered the Limca Book of Records.
Facts :-
 The Rs 400-crore online marriage search industry .
 “In October this year, Yahoo, the online search and email website that
  rivals Google sold its 12 per cent stake in popular Indian online
  matchmaking site Bharat Matrimony(BM) for Rs 100 crores having
  bought it for less than half of that in 2006.”
 it also underscored the fact that online marriage searches are the
  wave of the future
 According to India Online 2010, an annual survey carried out by online
  research consultancy JuxtConsult, matrimonial search is the 8th most
  popular online activity among urban net-users in India.
 Over 12 million indian use online matrimony for match
 No. of users has increased at the rate of 48% in 2011 compare to
  24% in 2010.
 1 million success stories last year and on an average 70 testimonials
  per day for top 3 online matrimony site .


                                                     Source :- Times of India 6dec , 2011
Big Players : A Snapshot




 Shaadi.com
- It lists wedding planning services as a wing under its service
umbrella
- Through „ShaadiPages.com‟, an online wedding directory, it
provides listing of different caterers, florists, make‐up
artists, decorators, musicians, DJ‟s and many more
- Through Shaaditimes, a wedding portal, it delves into ways to
    Shaadi.com is the most popular matrimonial service
    sites(premium segment) in India. It was launched in
    1996 and is one of the early entrant in the market.
 14 million (1.4 crore) members are registered on the
  site
 Almost 9 lakhs successful marriage proposals have
  resulted. That is over 50 success stories each day.
 Standard membership is FREE!
 Paid membership gives you more opportunities as you
  can initiate discussions with prospective marriage
  candidates, and your profile is prominently featured
 Bharat Matrimony
 - It goes beyond matchmaking services to provide other
  related services like wedding planning and honeymoon
  planning
 - „Matrimony Directory‟ includes all such services
  wherein it gives the listing of wedding planners,
  contractors and decorators
 It is largest online arranged marriage site(in terms of
  users) with 15 million (1.5 crore) members registered
  with profile. It has major share in south Indian market.
 It is backed by the Yahoo! corporation so score in
  terms of reliabliablity and is well established.
 They are featured in the Limca Book of Records for the
  record number of documented marriages online. It has
  a good conversion ratio to successful marriages!
 One distinct feature of Bharat Matrimony is that they
  have there own physical centres and contact points
  across 100 cities in Indian and offices in other countries
  all over the world
 It is from Info Edge(naukri.com fame)
  stable which is a leading provider of online
  recruitment, matrimonial, real estate and
  educational classifieds and related services
  in India.
 Third largest player with 5 million users
  overall
 It caters to the sub premium market (free-
 Fastest growing matrimonial portal in India, promoted
  by The Times of India group, the largest media &
  entertainment conglomerate in the country.
 Country’s first matrimonial portal to attain huge
  success from the Swyamvars organized every week
  for the benefit of different communities across the
  country
Market Share


       5%
20%
                  40%
                           Bharat Matrimony
                           Shaadi. Com
                           Jeevan saathi
 35%
                           Others




                              Source :- India online report , 2011
Shaadi.com   Bharat        Jeevansathi
                            matrimony




Daily          8000         10,000        4000
registration


Alexa Rank     917          983           1245

Pages          12           4             8
view/user


Ranking.com    87           23            97


                                        Source :- India online report , 2011
Features of Matrimonial Websites
 Search filters: search using filters like
  city, profession, astrology
 Wedding directory : online shopping for bride-groom, travel
  booking, jewellery
 Blogs covering personal views and users’ experiences with
  matrimonial websites
 Personalized messages
 Express interests: enable users to express interest
 Join clubs: enable users to start and join clubs in order to
  meet people with similar likings. For example- photos and
  videos
 Profile tagging
 Profile management
 Instant verification of email ids and phone numbers, send
  email/SMS to a profile, tell a friend about a profile, block a
  user and so on.
Consumer Insight
Online matrimonial market in India has seen a significant growth rate
in the past one year. It has opened a new frontier for people to seek
alliances globally.

To get an insight into how consumers feel about online matrimonial,
respondents are divided into two groups


1.People who want to get married
2.People who have already got married.
Consumer Insight
Registered on website
 They are looking for a transition in their life to move from the traditional way of
  searching for a match to the new way of criteria based search.
 In cases were they register on these websites by themselves, respondents prefer to
  tell their parents only after they find a suitable match since they don’t want their
  family members to get anxious about it.
 In cases where respondents themselves have not registered we have generally seen
  that father registers for daughter or brother or cousin registers for sister and sister
  registers for the girl respondents. Basically, some one from the family registers and
  takes it ahead till some body responds.
 In fact most of the time friends register for the respondents since they don’t want to
  tell their parents or they are scared of their parents.
 Few people who do not get the liberty to select their match due to family pattern and
  traditions, like to experiment and check what is available for them online.
 Few feel that if the society is open to a boy girl relationship from the beginning then
  people will not need such websites as they will have their soul mate with them.
 Some say that since they could not get a match easily through offline that’s why they
  opted to register online.
 People who are working and living by themselves away from family tend to believe in
  these websites since it saves them time and it is according to the current trends.
 They do not find the details authentic and that’s the biggest fear that people have.
 Some people who have been used to saving money tend to opt for free membership
  as they are not sure of getting a suitable match and therefore value for money
Consumer Insight

 ) People who have already got married through online
  website:

  They find it efficient since there are so many profiles to
  explore.
 It saves time since most of the respondents are working and
  don’t have the patience to go through the offline route.
 Most of them tell their parents later on after they have found
  a match.
 They feel that parents are generally concerned about the
  authenticity of the profiles.
 Most of them are living a happy married life.
Consumer Insight
Not registered on the website –
 They do not believe in online matrimonial.
 Family traditions don’t give them the freedom to explore
  on their own.
 They feel that the two families should know each other
  very well in order for a family bonding.
 Online matrimonial is more like a self advertisement.
 They prefer to follow their culture and traditions.
 They feel that society will not accept an online match
Consumer Insight
• Consumer Insights Rural V/s Urban:

• People from rural India feels that it gives them more options.

• They can get some one educated

• Since the person is well qualified that’s why the person is registered
  on the website and may get a decent job and has a good overall
  personality

• People feel it gives them an option to look beyond the limited people
  they know
• Generally they are bounded by the influence of the society, family
  culture and tradition when it comes to taking independent decisions
  for choosing their soul mate.
• New generation in the rural areas wants to move on from the shackles
  of superstitions and get into the transition mode.
But Matrimony sites are used for getting a perfect match and this create a
GAP between getting partner from Website and Getting Married with him /
her .


Most of time They plan themselves and few get it done with the Help of
wedding planner .




Have You Heard About
ONLINE WEDDING
PLANNER ???
(Greatest Event of Your Customer life , So plan and
execute at best of your best)
• Every year an average of 2.4 million weddings are performed in the India

• Today's median age for first-time brides is 25 years. For grooms, it's 27
  years.

• Second marriage median age is brides 35 years, grooms 38 years.

• The average amount spent on a traditional Indian wedding is 4,22,000.

• 67% of women continue to wear the same fragrance they wore on their
  wedding day.

• Currently, cost of a wedding may range from INR 0.5 mn to INR 50 mn

Source: Association for Wedding Professionals
Int'l http://afwpi.com/wedstats.html
Wedding Market Size in INR




                        Source: Association for
                        Wedding Professionals
                     Int'l http://afwpi.com/wedst
                                 ats.htm
Break up of cost of wedding

                                       Jewellery
       20%
                                       Attire
 4%                          40%
4%                                     Invitation card
8%
                                       Venue Décor
      8%
                  16%                  Hotel& related
                                       service
                                       Mehendi


                                  Source: Association for
                                  Wedding Professionals
                               Int'l http://afwpi.com/wedst
                                           ats.htm
Wedding Costs by Category:
                        ·   Reception 28.3%
                        ·   Consultant 15.0% (if hired)
                        ·   Wedding Rings 11.5%
Marriages by the month: ·   Photography/Video 6.6%
                        ·   Bridal Gown 6.1%
 January 4.7%           ·   Music 5.2%
 February 7.0%          ·   Flowers 4.6%
 March 6.1%             ·   Bridal attendants' apparel 4.5%
 April 7.4%             ·   Rehearsal dinner 4.2%
 May 9.8%               ·   Men's formal wear 3.2%
 June 10.8%             ·   Invitations 2.8%
 July 9.7%              ·   Attendants' gifts 2.1%
 August 10.2%           ·   Mother of the bride apparel 1.7%
 September 9.6%         ·   Bride's veil 1.6%
 October 9.4%           ·   Clergy and ceremony fees 1.2%
 November 7.4%          ·   Limousine 0.9%
 December 7.8%          ·   Groom's attire 0.8%
                                          Source: Association for
                                           Wedding Professionals
                                     Int'l http://afwpi.com/wedstats
                                                    .html
Wedding Planning Process Management
Key Findings and Conclusion Of Secondary
Research :-
  E-tailing is next big boom to flourish In near future.
  There is high online ever expanding customer base and access
   to internet in India.
  These are indicative of Emergence of Lean Retailing in India.
  Online Matrimony is a big market and generate good sum of
   revenue .
  Indian Youngsters have shown their interest in these online
   matrimonial website by getting registered .
  There are very few players in Online matrimony .
  Wedding has been recession proof .
  Wedding is being enthusiastically celebrated and people tend
   to spend open – heartily as it’s a symbol of status , joy and full
   emotion driven .
  Apparel and Fashion Product have greatest share in
   expenditures of Weddings .
New Set of Hypothesis :-
 H1 : Youngsters are interested in registering themselves
  in online matrimonial sites .
 H2: Online matrimony has increasing social acceptance
 H3 : Apparel and Fashion products contribute highest in
  total expenditure in wedding ceremony
 H4 : There is a service gap between online Matrimony
  and wedding planner
 H5 : This gap can be filled by developing FMCS (Fast
  moving consumer service )
 H6 : Fusion of E-retailing , Netrimony and wedding
  management will establish an alternate route for selling
  fashion products
It can be logically concluded that Above key findings support the
Proposed Hypothesis that is :-
“SERVICE SECTOR especially Wedding MANAGEMENT AND Online MATRIMONY CAN
BE A POTENTIAL ALTERNATIVE ROUTE FOR SELLING FASHION AND APPAREL
PRODUCT”




                            NETRIMONY




                               NEW
                               Model

                  Wedding                   E-
                 management              RETAILING
Road Ahead :-
I. Primary research exploratory in nature in
   different cities Patna , Delhi , lucknow
   , Hyderabad , Muzaffarpur , Chapra
   , Bangalore
II. Expert interviews for Descriptive Research .
III. To test the hypothesis through market
     research .
IV. Situational analysis for possibility of such
    model .
V. To propose a model based on findings .
Bibliography :-
http//Brand%20Exponents%20%20Consumer%20Insights%20
%E2%80%93%20Online%20Matrimonial%20(India).htm
www.shaadi.com
www.bharatmatrimony.com
www.imediaconnection.com
http://bn.rie.berkeley.edu/econ/conferences/9-2000/EC-
conference2000_papers/Hammond.pdf
 Business Standard , 12 jan 2012
 Times of india ,4 dec 2011
 India online report 2011
 Survey report 2011 ,IMRB
Which of the following Online matrimonial
                Website Do you Know

90%
80%
70%
60%
50%
                           84%
40%           74%   77%
       67%
30%                                 Which of the following
20%                                 Online matrimonial
10%                                 Website Do you Know
 0%
Registered with Online Matrimony




                   46%           All ready registered

                                 Planning to register
                         21%
1.2
                     12%         Undecided

                                 Not plannning to
                                 register
If you are registered , then who has
      registered you on online matrimonial
                     websites

45%
40%
35%
30%
25%                                If you are registered
20%                                , then who has
15%                                registered you on
                                   online matrimonial
10%
                                   websites
 5%
 0%
If you have registered or you will register to any matrimonial website reasons can be




100%

80%

60%

                                                                  4th important reason
40%
                                                                  3rd important reason
20%                                                               2nd important reason
                                                                  1st important reason
 0%
            Not         There is    It saves time I know many
        Skeptical of   increasing                     person
        using such        social                     enjoying
           tool        acceptance                   successful
                                                   married life
                                                      getting
                                                     married
                                                     through
                                                   netrimonies
If you will not register to any matrimonial website reasons can be



100%
 90%
 80%
 70%
 60%
 50%
 40%
 30%                                             5th important reason
 20%                                             4th important reason
 10%                                             3rd important reason
  0%
                                                 2nd important reason
                                                 Ist important reason

Weitere ähnliche Inhalte

Andere mochten auch

Virtual Dressing Room Opportunities for In-Store Retailers - Global AR Summit...
Virtual Dressing Room Opportunities for In-Store Retailers - Global AR Summit...Virtual Dressing Room Opportunities for In-Store Retailers - Global AR Summit...
Virtual Dressing Room Opportunities for In-Store Retailers - Global AR Summit...Matthew Szymczyk
 
The Future Of Online Retail - For Fashion Businesses
The Future Of Online Retail - For Fashion BusinessesThe Future Of Online Retail - For Fashion Businesses
The Future Of Online Retail - For Fashion Businessespaulmc74
 
Tracxn Online Rental Startup Landscape - July 2015
Tracxn Online Rental Startup Landscape - July 2015Tracxn Online Rental Startup Landscape - July 2015
Tracxn Online Rental Startup Landscape - July 2015Tracxn
 

Andere mochten auch (7)

Virtual Dressing Room Opportunities for In-Store Retailers - Global AR Summit...
Virtual Dressing Room Opportunities for In-Store Retailers - Global AR Summit...Virtual Dressing Room Opportunities for In-Store Retailers - Global AR Summit...
Virtual Dressing Room Opportunities for In-Store Retailers - Global AR Summit...
 
Fashion Fad of 80s...
Fashion Fad of 80s...Fashion Fad of 80s...
Fashion Fad of 80s...
 
Ecommerce in fashion
Ecommerce in fashionEcommerce in fashion
Ecommerce in fashion
 
Are stores out of fashion?
Are stores out of fashion?Are stores out of fashion?
Are stores out of fashion?
 
What is Retargeting?
What is Retargeting?What is Retargeting?
What is Retargeting?
 
The Future Of Online Retail - For Fashion Businesses
The Future Of Online Retail - For Fashion BusinessesThe Future Of Online Retail - For Fashion Businesses
The Future Of Online Retail - For Fashion Businesses
 
Tracxn Online Rental Startup Landscape - July 2015
Tracxn Online Rental Startup Landscape - July 2015Tracxn Online Rental Startup Landscape - July 2015
Tracxn Online Rental Startup Landscape - July 2015
 

Mehr von Ajit Srivastva

SERVICE MARKETING.pptx
SERVICE MARKETING.pptxSERVICE MARKETING.pptx
SERVICE MARKETING.pptxAjit Srivastva
 
Marketing mix and consumer`s response at Central Mall Gurgaon
Marketing mix and consumer`s response at Central Mall GurgaonMarketing mix and consumer`s response at Central Mall Gurgaon
Marketing mix and consumer`s response at Central Mall GurgaonAjit Srivastva
 
Report of 2nd phase of research@K-lounge Patna
Report  of 2nd phase of research@K-lounge PatnaReport  of 2nd phase of research@K-lounge Patna
Report of 2nd phase of research@K-lounge PatnaAjit Srivastva
 
K lounge patna report of market research on opening
K lounge patna report of market research on openingK lounge patna report of market research on opening
K lounge patna report of market research on openingAjit Srivastva
 
Co branding of two personality...
Co branding of two personality...Co branding of two personality...
Co branding of two personality...Ajit Srivastva
 
Marketing plan for taxi cab
Marketing plan for taxi cabMarketing plan for taxi cab
Marketing plan for taxi cabAjit Srivastva
 
business model based on fusion of Astrology and Numerology with Apparel Indus...
business model based on fusion of Astrology and Numerology with Apparel Indus...business model based on fusion of Astrology and Numerology with Apparel Indus...
business model based on fusion of Astrology and Numerology with Apparel Indus...Ajit Srivastva
 
store profiling of black berry store in patna .........
store profiling of  black berry store in patna .........store profiling of  black berry store in patna .........
store profiling of black berry store in patna .........Ajit Srivastva
 
Range development .......
Range development .......Range development .......
Range development .......Ajit Srivastva
 

Mehr von Ajit Srivastva (12)

SERVICE MARKETING.pptx
SERVICE MARKETING.pptxSERVICE MARKETING.pptx
SERVICE MARKETING.pptx
 
Marketing mix and consumer`s response at Central Mall Gurgaon
Marketing mix and consumer`s response at Central Mall GurgaonMarketing mix and consumer`s response at Central Mall Gurgaon
Marketing mix and consumer`s response at Central Mall Gurgaon
 
Report of 2nd phase of research@K-lounge Patna
Report  of 2nd phase of research@K-lounge PatnaReport  of 2nd phase of research@K-lounge Patna
Report of 2nd phase of research@K-lounge Patna
 
K lounge patna report of market research on opening
K lounge patna report of market research on openingK lounge patna report of market research on opening
K lounge patna report of market research on opening
 
Bergdorf goodman
Bergdorf goodmanBergdorf goodman
Bergdorf goodman
 
Co branding of two personality...
Co branding of two personality...Co branding of two personality...
Co branding of two personality...
 
Marketing plan for taxi cab
Marketing plan for taxi cabMarketing plan for taxi cab
Marketing plan for taxi cab
 
business model based on fusion of Astrology and Numerology with Apparel Indus...
business model based on fusion of Astrology and Numerology with Apparel Indus...business model based on fusion of Astrology and Numerology with Apparel Indus...
business model based on fusion of Astrology and Numerology with Apparel Indus...
 
Retail buying
Retail buyingRetail buying
Retail buying
 
store profiling of black berry store in patna .........
store profiling of  black berry store in patna .........store profiling of  black berry store in patna .........
store profiling of black berry store in patna .........
 
Range development .......
Range development .......Range development .......
Range development .......
 
Brand Ajeet kumar
 Brand Ajeet kumar Brand Ajeet kumar
Brand Ajeet kumar
 

Kürzlich hochgeladen

Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Dipal Arora
 
7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...Paul Menig
 
Unlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdfUnlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdfOnline Income Engine
 
HONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael HawkinsHONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael HawkinsMichael W. Hawkins
 
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
Tech Startup Growth Hacking 101  - Basics on Growth MarketingTech Startup Growth Hacking 101  - Basics on Growth Marketing
Tech Startup Growth Hacking 101 - Basics on Growth MarketingShawn Pang
 
A DAY IN THE LIFE OF A SALESMAN / WOMAN
A DAY IN THE LIFE OF A  SALESMAN / WOMANA DAY IN THE LIFE OF A  SALESMAN / WOMAN
A DAY IN THE LIFE OF A SALESMAN / WOMANIlamathiKannappan
 
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Lviv Startup Club
 
Regression analysis: Simple Linear Regression Multiple Linear Regression
Regression analysis:  Simple Linear Regression Multiple Linear RegressionRegression analysis:  Simple Linear Regression Multiple Linear Regression
Regression analysis: Simple Linear Regression Multiple Linear RegressionRavindra Nath Shukla
 
Pharma Works Profile of Karan Communications
Pharma Works Profile of Karan CommunicationsPharma Works Profile of Karan Communications
Pharma Works Profile of Karan Communicationskarancommunications
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Roland Driesen
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfPaul Menig
 
GD Birla and his contribution in management
GD Birla and his contribution in managementGD Birla and his contribution in management
GD Birla and his contribution in managementchhavia330
 
Value Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsValue Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsP&CO
 
It will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayIt will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayNZSG
 
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsCash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsApsara Of India
 
Event mailer assignment progress report .pdf
Event mailer assignment progress report .pdfEvent mailer assignment progress report .pdf
Event mailer assignment progress report .pdftbatkhuu1
 
Progress Report - Oracle Database Analyst Summit
Progress  Report - Oracle Database Analyst SummitProgress  Report - Oracle Database Analyst Summit
Progress Report - Oracle Database Analyst SummitHolger Mueller
 
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurVIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurSuhani Kapoor
 
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyThe Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyEthan lee
 

Kürzlich hochgeladen (20)

Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
 
7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...
 
Unlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdfUnlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdf
 
HONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael HawkinsHONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael Hawkins
 
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
Tech Startup Growth Hacking 101  - Basics on Growth MarketingTech Startup Growth Hacking 101  - Basics on Growth Marketing
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
 
A DAY IN THE LIFE OF A SALESMAN / WOMAN
A DAY IN THE LIFE OF A  SALESMAN / WOMANA DAY IN THE LIFE OF A  SALESMAN / WOMAN
A DAY IN THE LIFE OF A SALESMAN / WOMAN
 
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
 
Regression analysis: Simple Linear Regression Multiple Linear Regression
Regression analysis:  Simple Linear Regression Multiple Linear RegressionRegression analysis:  Simple Linear Regression Multiple Linear Regression
Regression analysis: Simple Linear Regression Multiple Linear Regression
 
Pharma Works Profile of Karan Communications
Pharma Works Profile of Karan CommunicationsPharma Works Profile of Karan Communications
Pharma Works Profile of Karan Communications
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdf
 
GD Birla and his contribution in management
GD Birla and his contribution in managementGD Birla and his contribution in management
GD Birla and his contribution in management
 
Value Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsValue Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and pains
 
It will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayIt will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 May
 
Forklift Operations: Safety through Cartoons
Forklift Operations: Safety through CartoonsForklift Operations: Safety through Cartoons
Forklift Operations: Safety through Cartoons
 
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsCash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
 
Event mailer assignment progress report .pdf
Event mailer assignment progress report .pdfEvent mailer assignment progress report .pdf
Event mailer assignment progress report .pdf
 
Progress Report - Oracle Database Analyst Summit
Progress  Report - Oracle Database Analyst SummitProgress  Report - Oracle Database Analyst Summit
Progress Report - Oracle Database Analyst Summit
 
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurVIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
 
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyThe Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
 

Alternate rout of selling apparel through fusion of Netrimony and Event Management

  • 1.
  • 2. OBJECTIVE •To test the hypothesis that “SERVICE SECTOR especially EVENT MANAGEMENT AND MATRIMONY CAN BE A POTENTIAL ALTERNATIVE ROUTE FOR SELLING FASHION AND APPAREL PRODUCT ” •To propose the E-BUSINESS MODEL based on MATRIMONY AND EVENT MANAGEMENT .
  • 3. SUB - OBJECTIVE •To study and analyze e-commerce especially B2B and B2C & its reach in India. •To study potential market, market size and market structure of Online matrimony, Event management. •To establish a potential link between Online matrimony, consultancy and event management with Fashion industry and fashion and apparel product.
  • 4. • Books, newspapers, Internet, annual reports. • Published data: Business source like company reports, government sources like trade SECONDARY (40%) associations i.e. RAI • Unpublished data: websites of companies, Research / consultancy reports Quantitative data: • Survey (Person administered –mall intercept surveys of customers, • PI of executives of Brands, computer administered using PRIMARY (60%) online surveys) Qualitative Data: • using focus group interviews , Telephonic interview. • Depth interview of industry expert. • Projective technique
  • 5. E-Retailing • Business research suggests that the most attractive space in Indian Internet is e-retailing, owing to low penetration (it comprises less than 0.5% of India’s total retail as • E retailing comprise 8%+ in the US / 4% in China . • India’s e-retail market is projected to be over USD12bn in the next 5 years from the current USD 600mn (2011) implying a 80% CAGR. • This would still imply less than 2% of overall retail sales and 3.5% of per capita income. • eBay India, which currently sells, THINK THE • 1 Jewellery every 7 minutes Online shopping • 1 Mobile handset every 9 minutes attitude • Appareals every 12 minutes • MP3 player every 18 minutes Source :- Business standard , 12 jan 2012
  • 6.
  • 7. What are the Key Trigger Points ? • The most required thrust is coming from Telecom operators connecting Indians to the WWW at affordable prices / devices, thus making Internet another utility in every house. • Shift in buying patterns i.e. online consumption driven by mass marketing by e‐commerce players and adoption by traditional brick‐and‐mortar retailers [FDI in Muti-Brand Retail will also encourage them to simultaneously open e-fulfillment]. Specialty retail sites could piggyback on the growth in e-commerce in India. • Conducive eco-system [Entrepreneurs & Venture Capitalists]- This is due to the emergence of savvy start-ups, capitalised by a thriving venture capital industry and increasing internet and electronic payment penetration. • Matured Websites – I am really happy to see good quality websites with focus on UI Design and Experience. The websites of newer Indian e-commerce players are highly polished and offer a similar experience compared with their Western counterparts. • Success Stories – Emerging [LetsBuy , Electronics, Flipkart - Books to Mobile ,SnapDeal - Daily Deals ] and are Encouraging others to take the Take the Big Leap as the addressable market is Big Monster.
  • 8. 2010 Source :- Business standard , 12 jan 2012
  • 9. 2011) Source :- Business standard , 12 jan 2012
  • 10. Source :- India online report , 2011
  • 11. Site Features offered by online Apparel site Source :- India online report , 2011
  • 13. Someone said “marriages are made in heaven”. If that’s true then Internet is the new heaven
  • 14. Idea Generation  BHARAT MATRIMONY was the first company to provide online matrimonial services to indians.  Started in 1997 BharatMatrimony.com pioneered online matrimony.  first matrimonial site to receive the coveted ISO 9000:2001 Certification  Entered the Limca Book of Records.
  • 15. Facts :-  The Rs 400-crore online marriage search industry .  “In October this year, Yahoo, the online search and email website that rivals Google sold its 12 per cent stake in popular Indian online matchmaking site Bharat Matrimony(BM) for Rs 100 crores having bought it for less than half of that in 2006.”  it also underscored the fact that online marriage searches are the wave of the future  According to India Online 2010, an annual survey carried out by online research consultancy JuxtConsult, matrimonial search is the 8th most popular online activity among urban net-users in India.  Over 12 million indian use online matrimony for match  No. of users has increased at the rate of 48% in 2011 compare to 24% in 2010.  1 million success stories last year and on an average 70 testimonials per day for top 3 online matrimony site . Source :- Times of India 6dec , 2011
  • 16. Big Players : A Snapshot  Shaadi.com - It lists wedding planning services as a wing under its service umbrella - Through „ShaadiPages.com‟, an online wedding directory, it provides listing of different caterers, florists, make‐up artists, decorators, musicians, DJ‟s and many more - Through Shaaditimes, a wedding portal, it delves into ways to
  • 17. Shaadi.com is the most popular matrimonial service sites(premium segment) in India. It was launched in 1996 and is one of the early entrant in the market.  14 million (1.4 crore) members are registered on the site  Almost 9 lakhs successful marriage proposals have resulted. That is over 50 success stories each day.  Standard membership is FREE!  Paid membership gives you more opportunities as you can initiate discussions with prospective marriage candidates, and your profile is prominently featured
  • 18.  Bharat Matrimony  - It goes beyond matchmaking services to provide other related services like wedding planning and honeymoon planning  - „Matrimony Directory‟ includes all such services wherein it gives the listing of wedding planners, contractors and decorators
  • 19.  It is largest online arranged marriage site(in terms of users) with 15 million (1.5 crore) members registered with profile. It has major share in south Indian market.  It is backed by the Yahoo! corporation so score in terms of reliabliablity and is well established.  They are featured in the Limca Book of Records for the record number of documented marriages online. It has a good conversion ratio to successful marriages!  One distinct feature of Bharat Matrimony is that they have there own physical centres and contact points across 100 cities in Indian and offices in other countries all over the world
  • 20.  It is from Info Edge(naukri.com fame) stable which is a leading provider of online recruitment, matrimonial, real estate and educational classifieds and related services in India.  Third largest player with 5 million users overall  It caters to the sub premium market (free-
  • 21.  Fastest growing matrimonial portal in India, promoted by The Times of India group, the largest media & entertainment conglomerate in the country.  Country’s first matrimonial portal to attain huge success from the Swyamvars organized every week for the benefit of different communities across the country
  • 22.
  • 23.
  • 24. Market Share 5% 20% 40% Bharat Matrimony Shaadi. Com Jeevan saathi 35% Others Source :- India online report , 2011
  • 25. Shaadi.com Bharat Jeevansathi matrimony Daily 8000 10,000 4000 registration Alexa Rank 917 983 1245 Pages 12 4 8 view/user Ranking.com 87 23 97 Source :- India online report , 2011
  • 26. Features of Matrimonial Websites  Search filters: search using filters like city, profession, astrology  Wedding directory : online shopping for bride-groom, travel booking, jewellery  Blogs covering personal views and users’ experiences with matrimonial websites  Personalized messages  Express interests: enable users to express interest  Join clubs: enable users to start and join clubs in order to meet people with similar likings. For example- photos and videos  Profile tagging  Profile management  Instant verification of email ids and phone numbers, send email/SMS to a profile, tell a friend about a profile, block a user and so on.
  • 27.
  • 28. Consumer Insight Online matrimonial market in India has seen a significant growth rate in the past one year. It has opened a new frontier for people to seek alliances globally. To get an insight into how consumers feel about online matrimonial, respondents are divided into two groups 1.People who want to get married 2.People who have already got married.
  • 29. Consumer Insight Registered on website  They are looking for a transition in their life to move from the traditional way of searching for a match to the new way of criteria based search.  In cases were they register on these websites by themselves, respondents prefer to tell their parents only after they find a suitable match since they don’t want their family members to get anxious about it.  In cases where respondents themselves have not registered we have generally seen that father registers for daughter or brother or cousin registers for sister and sister registers for the girl respondents. Basically, some one from the family registers and takes it ahead till some body responds.  In fact most of the time friends register for the respondents since they don’t want to tell their parents or they are scared of their parents.  Few people who do not get the liberty to select their match due to family pattern and traditions, like to experiment and check what is available for them online.  Few feel that if the society is open to a boy girl relationship from the beginning then people will not need such websites as they will have their soul mate with them.  Some say that since they could not get a match easily through offline that’s why they opted to register online.  People who are working and living by themselves away from family tend to believe in these websites since it saves them time and it is according to the current trends.  They do not find the details authentic and that’s the biggest fear that people have.  Some people who have been used to saving money tend to opt for free membership as they are not sure of getting a suitable match and therefore value for money
  • 30. Consumer Insight  ) People who have already got married through online website: They find it efficient since there are so many profiles to explore.  It saves time since most of the respondents are working and don’t have the patience to go through the offline route.  Most of them tell their parents later on after they have found a match.  They feel that parents are generally concerned about the authenticity of the profiles.  Most of them are living a happy married life.
  • 31. Consumer Insight Not registered on the website –  They do not believe in online matrimonial.  Family traditions don’t give them the freedom to explore on their own.  They feel that the two families should know each other very well in order for a family bonding.  Online matrimonial is more like a self advertisement.  They prefer to follow their culture and traditions.  They feel that society will not accept an online match
  • 32. Consumer Insight • Consumer Insights Rural V/s Urban: • People from rural India feels that it gives them more options. • They can get some one educated • Since the person is well qualified that’s why the person is registered on the website and may get a decent job and has a good overall personality • People feel it gives them an option to look beyond the limited people they know • Generally they are bounded by the influence of the society, family culture and tradition when it comes to taking independent decisions for choosing their soul mate. • New generation in the rural areas wants to move on from the shackles of superstitions and get into the transition mode.
  • 33. But Matrimony sites are used for getting a perfect match and this create a GAP between getting partner from Website and Getting Married with him / her . Most of time They plan themselves and few get it done with the Help of wedding planner . Have You Heard About ONLINE WEDDING PLANNER ???
  • 34. (Greatest Event of Your Customer life , So plan and execute at best of your best)
  • 35. • Every year an average of 2.4 million weddings are performed in the India • Today's median age for first-time brides is 25 years. For grooms, it's 27 years. • Second marriage median age is brides 35 years, grooms 38 years. • The average amount spent on a traditional Indian wedding is 4,22,000. • 67% of women continue to wear the same fragrance they wore on their wedding day. • Currently, cost of a wedding may range from INR 0.5 mn to INR 50 mn Source: Association for Wedding Professionals Int'l http://afwpi.com/wedstats.html
  • 36. Wedding Market Size in INR Source: Association for Wedding Professionals Int'l http://afwpi.com/wedst ats.htm
  • 37. Break up of cost of wedding Jewellery 20% Attire 4% 40% 4% Invitation card 8% Venue Décor 8% 16% Hotel& related service Mehendi Source: Association for Wedding Professionals Int'l http://afwpi.com/wedst ats.htm
  • 38. Wedding Costs by Category: · Reception 28.3% · Consultant 15.0% (if hired) · Wedding Rings 11.5% Marriages by the month: · Photography/Video 6.6% · Bridal Gown 6.1% January 4.7% · Music 5.2% February 7.0% · Flowers 4.6% March 6.1% · Bridal attendants' apparel 4.5% April 7.4% · Rehearsal dinner 4.2% May 9.8% · Men's formal wear 3.2% June 10.8% · Invitations 2.8% July 9.7% · Attendants' gifts 2.1% August 10.2% · Mother of the bride apparel 1.7% September 9.6% · Bride's veil 1.6% October 9.4% · Clergy and ceremony fees 1.2% November 7.4% · Limousine 0.9% December 7.8% · Groom's attire 0.8% Source: Association for Wedding Professionals Int'l http://afwpi.com/wedstats .html
  • 40.
  • 41. Key Findings and Conclusion Of Secondary Research :-  E-tailing is next big boom to flourish In near future.  There is high online ever expanding customer base and access to internet in India.  These are indicative of Emergence of Lean Retailing in India.  Online Matrimony is a big market and generate good sum of revenue .  Indian Youngsters have shown their interest in these online matrimonial website by getting registered .  There are very few players in Online matrimony .  Wedding has been recession proof .  Wedding is being enthusiastically celebrated and people tend to spend open – heartily as it’s a symbol of status , joy and full emotion driven .  Apparel and Fashion Product have greatest share in expenditures of Weddings .
  • 42. New Set of Hypothesis :-  H1 : Youngsters are interested in registering themselves in online matrimonial sites .  H2: Online matrimony has increasing social acceptance  H3 : Apparel and Fashion products contribute highest in total expenditure in wedding ceremony  H4 : There is a service gap between online Matrimony and wedding planner  H5 : This gap can be filled by developing FMCS (Fast moving consumer service )  H6 : Fusion of E-retailing , Netrimony and wedding management will establish an alternate route for selling fashion products
  • 43. It can be logically concluded that Above key findings support the Proposed Hypothesis that is :- “SERVICE SECTOR especially Wedding MANAGEMENT AND Online MATRIMONY CAN BE A POTENTIAL ALTERNATIVE ROUTE FOR SELLING FASHION AND APPAREL PRODUCT” NETRIMONY NEW Model Wedding E- management RETAILING
  • 44. Road Ahead :- I. Primary research exploratory in nature in different cities Patna , Delhi , lucknow , Hyderabad , Muzaffarpur , Chapra , Bangalore II. Expert interviews for Descriptive Research . III. To test the hypothesis through market research . IV. Situational analysis for possibility of such model . V. To propose a model based on findings .
  • 46. Which of the following Online matrimonial Website Do you Know 90% 80% 70% 60% 50% 84% 40% 74% 77% 67% 30% Which of the following 20% Online matrimonial 10% Website Do you Know 0%
  • 47. Registered with Online Matrimony 46% All ready registered Planning to register 21% 1.2 12% Undecided Not plannning to register
  • 48. If you are registered , then who has registered you on online matrimonial websites 45% 40% 35% 30% 25% If you are registered 20% , then who has 15% registered you on online matrimonial 10% websites 5% 0%
  • 49. If you have registered or you will register to any matrimonial website reasons can be 100% 80% 60% 4th important reason 40% 3rd important reason 20% 2nd important reason 1st important reason 0% Not There is It saves time I know many Skeptical of increasing person using such social enjoying tool acceptance successful married life getting married through netrimonies
  • 50. If you will not register to any matrimonial website reasons can be 100% 90% 80% 70% 60% 50% 40% 30% 5th important reason 20% 4th important reason 10% 3rd important reason 0% 2nd important reason Ist important reason