The document discusses marketing strategies for voltage stabilizers in rural markets in India. It notes that rural markets are growing in purchasing power and represent an untapped opportunity for companies. The strategies proposed include segmenting rural markets based on factors like income, infrastructure and competitors; developing affordable pricing models; establishing a widespread distribution network through local shops and service centers; and promoting the product through local language advertising on TV, radio and outdoor displays.
6. RURAL INCOME DISPERSAL PROJECTION All figures in % Consumer Class Annual Income 1995-96 2006-07 Very Rich Above Rs 215,000 0.3 0.9 Consuming Class Rs 45,001- 215,000 13.5 25.0 Climbers Rs 22,001- 45,000 31.6 49.0 Aspirants Rs 16,001 - 22,000 31.2 14.0 Destitutes Rs 16,000 & Below 23.4 11.1 Total 100.0 100.0
7. DISTRIBUTION OF VILLAGES 17% of villages account for 50% of rural population & 60% rural wealth Hardly any shops in these 2.2 lac villages *The total number of villages include uninhabited ones adds upto 638,365 Source: Businessworld Whitebook, 2005 Population No of villages % of total villages Less than 200 92,541 15.6 200-500 127,054 21.4 501-1000 144,817 24.4 1001-2000 129,662 21.9 2001-5000 80,313 13.5 5001-1000 18,758 3.2 Total no of villages* 593,154 100.0
8. DISTRIBUTION OF TOWNS IN INDIA 90 % of durables purchased by rural people are from these 1900 towns Source: Businessworld Whitebook, 2005 Town Class Population No of towns (2001) Literacy (%) Class I 1 lac and above 423 82 Class II 50,000-99,999 498 79 Class III 20,000- 49,999 1386 77 Class IV 10,000- 19,999 1560 76 Class V 5,000- 9,999 1057 76 Class VI less than 5000 237 80 Total no of towns 5161 80
In voltage stablizer business name place very important role till that time the name is not know or not have place in market stablizer will not sale. In the introduction stage powerline focus of sales rather than profit for the purpose of name powerline will try to make people more aware about launching of product so as to get maximum number of customers.powerline marketing strategies will be based on the features of product. Here we will try to expand powerline’s market share
In the growth stage powerline focus will be on improving the product quality and add new product features and Add new policies, enter new market segments. Which will be CENTRAL ( Madhya Pradesh & Rajasthan) NORTH (Panjab,Haryana) SOUTH (Andhra Pradesh, Tamil Nadu, Karnataka & Kerala. Powerline will also focus on increasing distribution coverage and enter new distribution channels. Then Powerline advertising strategies will Shift from product-awareness advertising to product-preference advertising.
Here powerline will try to Expand number of brand users by: Converting non-users into users. Entering new market segments. Winning competitors’ customers. Convince current users powerline will also modify marketing mix of products. Prices Distribution, Advertising, Sales promotion, Personal selling, Services