DISSERTATION PROJECT ON

Customer Satisfaction Analysis At Indiamart

At IndiaMart., Bangalore

REPORT SUBMITTED ON PARTIAL FULFILMENT OF THE REQUIREMENTS FOR POST GRADUATE DIPLOMA IN MANAGEMENT

Submitted By:

Guided By:

Vikas Tiwari DSBSPGDMA09057

Prof. R. K. Vijaya Sarathy Director, DSBS

September 2011

Dayananda Sagar Business School

Shavige Malleshwara Hills, Kumaraswamy Layout, Bangalore 560 078, Karnataka, India.

CERTIFICATE

This is to certify that the report titled Customer Satisfaction Analysis At Indiamart has been prepared under my guidance and supervision the report is submitted in partial fulfillment of the requirement for the award of Post Graduate Diploma in Management (Approved by AICTE) by Vikas Tiwari, Reg No DSBSPGDMA09057 and this report / study has not formed a basis for the award of any degree or diploma in any university / institution.

Place Date Director

.... Prof. R. K. Vijaya Sarathy

Faculty Guide

DECLARATION:

I hereby declare that the report/ study titled Customer Satisfaction Analysis At Indiamart prepared under the guidance of Prof. R. K. Vijaya Sarathy submitted in partial fulfillment of the requirement for the award of Post Graduates Diploma in Management (AICTE) in Dayananda Sagar Business School is my original work and has not been submitted for the award of any other degree/ diploma in any university / institution.

Place Date

.... Vikas Tiwari

ACKNOWLEDGEMENT

A project is never the work of an individual. It is moreover a combination of ideas, suggestions, review, contribution and work involving many folks. It cannot be completed without guidelines. First of all I would like to express my sincere gratitude to my external guide Mr. Veneeth Raghuvanshi (Branch Manager), Mr Abhishek Jaiswal (Sr. Executive) Indiamart Intermesh Ltd. for giving me this valuable learning opportunity and for allowing me to conduct this dissertation project. I would also like to express my sincere gratitude to my internal guide Prof. R. K. Vijaya Sarathy and all the faculty members of DAYANANDA SAGAR BUSINESS SCHOOL, BANGALORE providing their help and advice whenever it was needed.

PLACE: Bangalore

Vikas Tiwari DSBSPGDMA09057

EXECUTIVE SUMMARY

This project has been taken with a view to make an in depth analysis of latest & unique marketing strategies employed by Indiamart with special reference to internet Retail industry (e tailing) & B2B market thus uncover the reasons that have propelled the company to retain its position as leading company in internet retail industry despite of stiff competition from other competitors. The present study creates awareness about the Customer satisfaction. It provides knowledge to the readers about customer preferences & analysis of customer satisfaction. The present study also is an effort to formulate strategy to boost up the market share for Indiamart.

CONTENTS
CERTIFICATE DECLARATION ACKNOWLEDGEMENT EXCECUTIVE SUMMARY CHAPTER1:.7 INTRODUCTION COMPANY PROFILE REVIEW OF LITERATURE PROBLEM STATEMENT CHAPTER 2:...44 RESEARCH METHODOLOGY AND DESIGN OBJECTIVES LIMITATIONS OF THE STUDY CHAPTER 3:49 DATA ANALYSIS CHAPTER 4:57 FINDINGS AND RECOMMENDATIONS CHAPTER 5:60 CONCLUSION BIBLIOGRAPHY QUESTIONNAIRE

INTRODUCTION

CUSTOMER SATISFACTION, a term frequently used in marketing, is a measure of how products and services supplied by a company meet or surpass customer expectation. Customer satisfaction is defined as "the number of customers, or percentage of total customers, whose reported experience with a firm, its products, or its services (ratings) exceeds specified satisfaction goals." It is seen as a key performance indicator within business and is often part of a Balanced Scorecard. In a competitive marketplace where businesses compete for customers, customer satisfaction is seen as a key differentiator and increasingly has become a key element of business strategy. Within organizations, customer satisfaction ratings can have powerful effects. They focus employees on the importance of fulfilling customers expectations. Furthermore, when these ratings dip, they warn of problems that can affect sales and profitability. These metrics quantify an important dynamic. When a brand has loyal customers, it gains positive word-of-mouth marketing, which is both free and highly effective. Therefore, it is essential for businesses to effectively manage customer satisfaction. To be able do this, firms need reliable and representative measures of satisfaction. In researching satisfaction, firms generally ask customers whether their product or service has met or exceeded expectations. Thus, expectations are a key factor behind satisfaction. When customers have high expectations and the reality falls short, they will be disappointed and will likely rate their experience as less than satisfying. For this reason, a luxury resort, for example, might receive a lower satisfaction rating than a budget moteleven though its facilities and service would be deemed superior in absolute terms. PURPOSE Customer satisfaction provides a leading indicator of consumer purchase intentions and loyalty. Customer satisfaction data are among the most frequently collected indicators of market perceptions. Their principal use is twofold. 1. Within organizations, the collection, analysis and dissemination of these data send a message about the importance of tending to customers and
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ensuring that they have a positive experience with the companys goods and services. 2. Although sales or market share can indicate how well a firm is performing currently, satisfaction is an indicator of how likely it is that the firms customers will make further purchases in the future. Much research has focused on the relationship between customer satisfaction and retention. Studies indicate that the ramifications of satisfaction are most strongly realized at the extremes. On a five-point scale, individuals who rate their satisfaction level as 5 are likely to become return customers and might even evangelize for the firm. (A second important metric related to satisfaction is willingness to recommend. This metric is defined as "The percentage of surveyed customers who indicate that they would recommend a brand to friends." When a customer is satisfied with a product, he or she might recommend it to friends, relatives and colleagues. This can be a powerful marketing advantage.) Individuals who rate their satisfaction level as 1, by contrast, are unlikely to return. Further, they can hurt the firm by making negative comments about it to prospective customers. Willingness to recommend is a key metric relating to customer satisfaction. Measuring customer satisfaction "If you cannot measure it, you cannot improve it." - Lord William Thomson Kelvin (1824-1907) Measurement of Customer Satisfaction is a new significant addition to the new ISO9000: 2000 standard. Organizations certified to this standard are now required to identify parameters that cause customer satisfaction or dissatisfaction and consciously measure them. Organizations need to retain existing customers while targeting noncustomers. Measuring customer satisfaction provides an indication of how successful the organization is at providing products and/or services to the marketplace.
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Customer satisfaction is measured at the individual level, but it is almost always reported at an aggregate level. It can be, and often is, measured along various dimensions. A hotel, for example, might ask customers to rate their experience with its front desk and check-in service, with the room, with the amenities in the room, with the restaurants, and so on. Additionally, in a holistic sense, the hotel might ask about overall satisfaction with your stay. As research on consumption experiences grows, evidence suggests that consumers purchase goods and services for a combination of two types of benefits: hedonic and utilitarian. Hedonic benefits are associated with the sensory and experiential attributes of the product. Utilitarian benefits of a product are associated with the more instrumental and functional attributes of the product. Customer satisfaction is an ambiguous and abstract concept and the actual manifestation of the state of satisfaction will vary from person to person and product/service to product/service. The state of satisfaction depends on a number of both psychological and physical variables which correlate with satisfaction behaviors such as return and recommend rate. The level of satisfaction can also vary depending on other options the customer may have and other products against which the customer can compare the organization's products. The usual measures of customer satisfaction involve a survey with a set of statements using a Likert Technique or scale. The customer is asked to evaluate each statement and in term of their perception and expectation of performance of the organization being measured. Their satisfaction is generally measured on a five-point scale.

Customer satisfaction data can also be collected on a 10-point scale. Regardless of the scale used, the objective is to measure customers perceived satisfaction with their experience of a firms offerings. It is essential for firms to effectively manage customer satisfaction. To be able do this, we need accurate measurement of satisfaction.
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Good quality measures need to have high satisfaction loadings, good reliability, and low error variances. In an empirical study comparing commonly used satisfaction measures it was found that two multi-item semantic differential scales performed best across both hedonic and utilitarian service consumption contexts. Finally, all measures captured both affective and cognitive aspects of satisfaction, independent of their scale anchors. Affective measures capture a consumers attitude (liking/disliking) towards a product, which can result from any product information or experience. On the other hand, cognitive element is defined as an appraisal or conclusion on how the products performance compared against expectations (or exceeded or fell short of expectations), was useful (or not useful), fit the situation (or did not fit), exceeded the requirements of the situation (or did not exceed). American Customer Satisfaction Index (ACSI) is a scientific standard of customer satisfaction. Academic research has shown that the national ACSI score is a strong predictor of Gross Domestic Product (GDP) growth, and an even stronger predictor of Personal Consumption Expenditure (PCE) growth. ACSI reports scores on a 0-100 scale at the national level and produces indexes for 10 economic sectors, 47 industries (including e-commerce and ebusiness), more than 225 companies, and over 200 federal or local government services. In addition to the company-level satisfaction scores, ACSI produces scores for the causes and consequences of customer satisfaction and their relationships. The measured companies, industries, and sectors are broadly representative of the U.S. economy serving American households. On the microeconomic level, academic studies have shown that ACSI data is related to a firm's financial performance in terms of return on investment (ROI), sales, long-term firm value (Tobin's q), cash flow, cash flow volatility, human capital performance, portfolio returns, debt financing, risk, and consumer spending. Increasing ACSI scores has been shown to predict loyalty, word-ofmouth recommendations, and purchase behavior. The ACSI measures customer satisfaction annually for more than 200 companies in 43 industries and 10 economic sectors. In addition to quarterly reports, the ACSI
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methodology can be applied to private sector companies and government agencies in order to improve loyalty and purchase intent. Two companies have been licensed to apply the methodology of the ACSI for both the private and public sector: CFI Group, Inc. and Foresee Results apply the ACSI to websites and other online initiatives. ASCI scores have also been calculated by independent researchers, for example, for the mobile phones sector, higher education, and electronic mail. ACSI Methodology

The American Customer Satisfaction Index uses customer interviews as input to a multi-equation econometric model developed at the University of Michigan's Ross School of Business. The ACSI model is a cause-and-effect model with indices for drivers of satisfaction on the left side (customer expectations, perceived quality, and perceived value), satisfaction (ACSI) in the center, and outcomes of satisfaction on the right side (customer complaints and customer loyalty, including customer retention and price tolerance). The indexes (shown in the diagram below) are multivariable components measured by several questions that are weighted within the model. The questions assess customer evaluations of the determinants of each index. Indexes are reported on a 0 to 100 scale. The survey and modeling methodology quantifies the strength of the effect of the index on the left to the one to which the arrow points on the right. These arrows represent "impacts." The ACSI model is self-weighting to maximize the explanation of customer satisfaction (ACSI) on customer loyalty. Looking at the indexes and impacts, users can determine which drivers of satisfaction, if improved, would have the most effect on customer loyalty.
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 Customer Expectations Customer expectations are a measure of the customer's anticipation of the quality of a company's products or services. Expectations represent both prior consumption experience, which includes some non experiential information like advertising and word-of-mouth, and a forecast of the company's ability to deliver quality in the future. Perceived Quality Perceived quality is a measure of the customer's evaluation via recent consumption experience of the quality of a company's products or services. Quality is measured in terms of both customization, which is the degree to which a product or service meets the customer's individual needs, and reliability, which is the frequency with which things go wrong with the product or service. Perceived Value Perceived value is a measure of quality relative to price paid. Although price (value for money) is often very important to the customer's first purchase, it usually has a somewhat smaller impact on satisfaction for repeat purchases. Customer Complaints Customer complaints are measured as a percentage of respondents who indicate they have complained to a company directly about a product or service within a specified time frame. Satisfaction has a negative relationship with customer complaints, as the more satisfied the customers, the less likely they are to complain. Customer Loyalty Customer loyalty is a combination of the customer's professed likelihood to repurchase from the same supplier in the future, and the likelihood to purchase a companys products or services at various price points (price tolerance). Customer loyalty is the critical component of the model as it stands as a proxy for profitability.

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There is obviously a strong link between customer satisfaction and customer retention. Customer's perception of Service and Quality of product will determine the success of the product or service in the market. With better understanding of customers' perceptions, companies can determine the actions required to meet the customers' needs. They can identify their own strengths and weaknesses, where they stand in comparison to their competitors, chart out path future progress and improvement. Customer satisfaction measurement helps to promote an increased focus on customer outcomes and stimulate improvements in the work practices and processes used within the company. There is a lot of debate and confusion about what exactly is required and how to go about it. Customer satisfaction is quite a complex issue and this article is an attempt to review the necessary requirements, and discuss the steps that need to be taken in order to measure and track customer satisfaction. What does Customers Want? Before we begin to create tools to measure the level of satisfaction, it is important to develop a clear understanding of what exactly the customer wants. We need to know what our customers expect from the products and services we provide. Customer expectations are the customer-defined attributes of your product or service you must meet or exceed to achieve customer satisfaction. Customer Expectations are of two types - Expressed and Implied. o Expressed Customer Expectations are those requirements that are written down in the contract and agreed upon by both parties, for example, product specifications and delivery requirements. Supplier's performance against these requirements is most of the times directly measurable. o Implied Customer Expectations are not written or spoken but are the ones the customer would 'expect' the supplier to meet nevertheless.

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For example, a customer would expect the service representative who calls on him to be knowledgeable and competent to solve a problem on the spot. There are many reasons why customer expectations are likely to change over time. Process improvements, advent of new technology, changes in customer's priorities, improved quality of service provided by competitors are just a few examples. The customer is always right. Supplier's job is to provide the Customer what he wants, when he wants it. Customer Satisfaction is customers' perception that a supplier has met or exceeded their expectations. It is therefore important to periodically update our knowledge of customer expectations. What constitutes Satisfaction? We cannot create customer satisfaction just by meeting customer's requirements fully because these HAVE to be met in any case. However falling short is certain to create dissatisfaction. Major attributes of customer satisfaction can be summarized as: o Product Quality o Product Packaging o Keeping delivery commitments o Price o Responsiveness and ability to resolve complaints and reject reports o Overall communication, accessibility and attitude. We cannot begin to address the customer satisfaction issue we define the parameters and measures clearly. It may be easier to track supplier's performance against stated requirements of quality and timeliness because there is documentary evidence. Some indication of whether a supplier is meeting the requirements can also be obtained from data on scrap rates, PPM, complaints database, sales improvements, repeat orders, customer audit reports etc. It is far more difficult to measure the level of performance and satisfaction when it comes to the intangible expectations. What are the Tools?
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Customer expectations can be identified using various methods such as: o o o o o o o Periodic Contract Reviews Market research Telephonic Interviews Personal visits Warranty records Informal discussions Satisfaction Surveys

Depending upon the customer base and available resources, we can choose a method that is most effective in measuring the customers' perceptions. The purpose of the exercise is to identify priorities for improvement. We must develop a method or combination of methods that helps to continually improve service.

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COMPANY PROFILE

IndiaMART.com is India's largest online B2B marketplace for Small & Medium Size Businesses, connecting global buyers with suppliers. The company offers a platform & tools to over 1 million suppliers to generate business leads from over 5 million buyers, who use the platform to find reliable & competitive suppliers. The company has over 4000 employees located across 75 offices in the country. Its existing investors include Intel Capital and Bennett, Coleman & Co. Ltd. IndiaMART.com offers products that enable small & medium size businesses generate business leads (online catalogs/store-fronts), establish their credibility (third party verified trust profile) and use business information (finance, news, trade shows, tenders) for their business promotion. IndiaMART.com has won numerous awards over the years, which include coveted Red Herring Award, Emerging India Award, among others. The company has also been widely covered by media for its pioneering role in promoting SME business in the country. Its existing investors include Intel Capital and Bennett, Coleman & Co. Ltd (Times Group), India's largest print media group. IndiaMART Knowledge Services: An in-house unit involved in SME research, forecasting, analysis and education. It conducts independent surveys, etc. & holds workshops for SMEs to educate them on specific areas such as Marketing, IT, etc.

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The Board of Directors Mr. DINESH AGARWAL FOUNDER & CEO, IndiaMART.com Dinesh Agarwal is the founder and CEO of IndiaMART.com, India's largest online B2B marketplace connecting Indian suppliers with domestic and international buyers. Founded in 1996, Dinesh is credited with leading IndiaMART.com through a decade and a half with an unblemished record of being profitable from d ay one - a feat no other online company in India has been able to emulate.

Mr. BRIJESH AGRAWAL COO, IndiaMART.com Brijesh Agrawal is the Chief Operating Officer, IndiaMART.com. Being a part of the core management team, Brijesh has been the brainchild behind the creation of a plethora of innovative products of IndiaMART.

Mr. DEEP KALRA FOUNDER & CEO, MakeMyTrip.com Deep Kalra holds rich past experience at GE Capital, AMF Bowling Inc. and ABN AMRO Bank. He is a member of the Executive Council of NASSCOM and chairs the NASSCOM Internet Working Group.

Mr. M. K. Chouhan MANAGING DIRECTOR, Mahendra & Ardneham Consulting (P) Ltd.

Mr. RAJESH SAWHNEY PRESIDENT, Reliance Entertainment Private Ltd.

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Core values For us they are simple and straight; take responsibility, work with passion and commitment, move ahead as a team and conserve the integrity. We firmly believe that core values keep organizations stable and focused to the common goal. Our core values have helped us achieve our mission to bring measurable benefits to our customers. Responsibility Responsibility, not just of quality work but of continuous selfdevelopment, of our decisions and of our actions. This helps us think rationally and provides a sense of accountability to ourselves, our commitment to customers and to our colleagues. Passion Work at IndiaMART.com involves constant innovation and creativity. It involves a continuous thought process to get tangible benefits to our customers, taking into account the uniqueness of their purpose. Passionate people with a determination to make the difference are the ones who make this possible. Team Work Together we can achieve the impossible" is our belief. Our success is a result of our team work. Experts from the field of management, marketing, IT, arts, content & various other disciplines work as a team on every project, every endeavour. Dedication, passion and teamwork are the true means to our mission fulfillment. Integrity We realize the importance of the job & information we handle. We understand the responsibility that each member of our team has to shoulder and we do that with highest levels of trust, honesty and integrity - of purpose and action.

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Awards & Achievements Success of our customers is our greatest achievement. Their confidence in us and our innovation, to give them the best, has got us applauds from various sources. IndiaMART.com wins the Red Herring 100 Asia Awards 2008

IndiaMART.com nominated among the top three at Emerging India Awards 2008 IndiaMART.com's successful business model featured on CNBC India as analyzed by McKinsey Bestowed with "Amity Corporate Excellence Award" on the occasion of the Tenth Business International Horizon INBUSH 2008 Recognized by Business Money (UK's leading financial magazine) for IndiaMART's ten years of successful contribution to Indian businesses Declared as India's only profit-making dotcom company by Business World (Cover story) Special footage for IndiaMART.com's contribution in enabling ebusiness for exporters from Moradabad; Mr Dinesh Agarwal interviewed (India Tomorrow - BBC News)

www.indiantravelportal.com bags eighth "BIG" Award from Britannicaindia.com IndiaMART.com nominated for Britannica Internet Guide (BIG) Awards for excellence on Internet IndiaMART.com listed among Top Indian Websites under Business-to-Business category by Ecomready Top Indian Site by www.indiatimes.com

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Termed as 'Online Gateway to Indian marketplace'- The Economic Times

Best Travel Site- www.indiantravelportal.com by India Online: DD News Nominated amongst the Top 5 Indian Sites by Microsoft.

QUALITY IndiaMART is the first Indian company in their domain to have received ISO 9001:2008 certification for overall quality management and the organisation's ability to successfully "meet customer, regulatory and statutory requirements." QUALITY POLICY we are committed to provide high quality web services & solutions that ensure profitable returns to our customers. We strive to enhance the value delivered to our clients by continually improving the quality of services offered.

FACT SHEET We endeavor to maximize value for our customers by offering them efficient and cost-effective solutions for business promotion, process support and transaction accomplishment. 1996-97

IndiaMART.com, India's first online B2B directory, launched Successfully introduces free listing & free-query forwarding concept to familiarize Indian SMEs with benefits of Internet for business promotion Accomplishes India's first e-commerce project for Nirula's (http://nirulas.com)
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Achieves break-even within 6 months of the launch

1997-98

Successfully crosses 100 clients mark Initiates franchisee network program

1998-99

Launches Handicraft, Apparel & Finance channels Increases workforce to 40 B2B marketplace network surges to 1 million page views/month mark

1999-2000

Accomplishes 'Bharat On Line' - MTNL's online portal project Launches auto industry channel Opens branch office in financial hub of India - Mumbai Crosses Rs 1 crore revenue mark

2000-01

Touches 5 million page views/month Crosses 1000 clients mark Registers 100,000 business queries/month Accomplishes prestigious online projects for HHEC, Jindal Organization, ModiCorp Wins Britannica (BIG) Award for Travel.IndiaMART.com Profits increased by 128% over last year Company becoming limited, from InterMESH Systems, to IndiaMART InterMESH Limited

2001-02

Business World magazine declares IndiaMART.com as "the only profitable Indian Dotcom, with positive cash flows" [Cover Story: 14 May 2001 issue] Adds exclusive services to its portfolio - Electronic Trade Offers & Request for Quotation / Request for Proposal CNBC India recognizes IndiaMART.com as one of the only profitable dotcoms in India based on report by McKinsey
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2002-03

Moves operations to state-of-the-art NOIDA development center Launches Exim.IndiaMART.com Crosses 200,000 business queries mark with 12 million page views

2003-04

Launches TrustSEAL to bridge the trust gap in B2B trade Crosses 3000 clients mark Touches 26 million page views per month, generating more than 300,000 business queries

2004-05

Becomes first ISO 9001:2000 company in its domain Surpasses 8000 clients mark

2005-06

IndiaMART.com completed ten successful years (1996-2006) Crossed 10,000 clients mark Launches MDC, a four-page online catalog for clients Implements corporate-wide WEBERP Acquires new office at B-6, Sec 8, NOIDA

2006-07

BCCL (Times of India Group) makes strategic investment in IndiaMART.com Launches new Templated Product Catalogs

2007-08

Launches IndiaMART Sourcing Guide Commences International Trade Fair Participation initiative Wins 'Amity Corporate Excellence Award 2008' Wins 'Shiromani Yojana Puraskar' award 5,00,000 members registered on IndiaMART.com

2008-09

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Intel Capital makes strategic investment in IndiaMART.com Wins 'Emerging India Award 2008' as a second runner-up Wins 'Red Herring 100 Asia 2008' award Launches Video Profiles for "Leading Suppliers" IndiaMART.com footprints cover over 100 towns in India Participates in more than 100 international & 200 domestic trade shows

2009-10

IAMAI declares IndiaMART.com as India's largest online B2B marketplace Mr. Deep Kalra (Founder & CEO of Makemytrip.com) & Dr. Nachiket Mor (President, ICICI Foundation) join IndiaMART.com Board of Directors More than 300,000 products listed on IndiaMART.com

2010-11

Takes a giant leap in SME space & launches 'IndiaMART Leaders of Tomorrow Awards' IndiaMART.com member base surges to 1 million suppliers Celebrates 14 years of grand success Launches FREE tenders service - a first in India Being a socially responsible corporate, associates with "Meri Dilli Meri Yamuna" campaign The SmartTechie ranks IndiaMART.com among India's '25 Most Promising Internet Cos.'

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PRODUCTS AND SERVICES

Dynamic Catalog

A comprehensive online marketing program that provides enhanced enquiry generation.

Trust Seal Trust Seal is a business verification service that checks supplier's records of existence, credibility and trustworthiness for the benefit of buyers.

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 Star Supplier With Star Supplier to your support, you can get premium positioning among suppliers in all the relevant categories.

Leading Supplier Leading Supplier is the right choice for companies who have a right mix of infrastructure, management capabilities and experience in servicing global buyers.

Banner Advertising Build your brand & drive traffic to your website with Banner Advertising
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Business Plans

What is business? Business is all about buying and selling of Product or services. Business can be done through online and off line. What is online Business? Online business means trading of Products and Services etc through the Internet. It enables the traders and manufacturers to electronically connect with the other. What is offline business? In offline trading the customer either goes to the manufacturers or traders place and sits before him to place orders. Or rings him, asks for the quotations and other relevant information, and accordingly places orders over the phone. BENEFITS OF OFFLINE BUSINESS o Safer in comparisons to online share business. o Business can be done without internet connectivity at ones home. In a country like India where internet connectivity is not available everywhere trading online is not possible for everyone, this is also the reason which enhances the growth of offline trading. o Better for new comers DISADVANTAGES OF OFFLINE BUSINESS
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o o o o

Often times the brokers takes time to execute your instruction. Offline trading brokerage is always higher than that of online brokerage. It is a time consuming process as everything is done offline. Trading takes more time in comparisons to online trading. RM may not provide the correct information as required by his client.

What is E-Business? E-tailing, or virtual storefronts on Web sites. Online business-to-business transactions. Electronic data interchange (EDI), the business-to-business exchange of data using compatible software. E-mail, instant messaging, and other Web-enabled communication tools and their use as media for reaching prospective and existing customers. The gathering and use of demographic, product, and other information through Web contacts. Capabilities and Benefits of E-Business Global Reach : Goods and services can be sold to customers worldwide. Personalization : inventory. Companies can customize products and reduce

Interactivity : Customers and suppliers can negotiate prices online. Right-time and integrated marketing : Online retailers provide products when and where Customers want them and promotions can be directed to individual customers. Cost savings : E-business can reduce costs. Increase a firms visibility, promote its offerings, and provide information to interested parties. Build customer goodwill and assist retailers and other resellers in their marketing efforts.
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 Disseminate financial information to investors. Enable prospective employees to apply online for jobs. Provide e-mail communication. Business-to-Business (B2B) Business-to-business e-business (B2B) Electronic business transactions between businesses using the Internet. B2B transactions total $2.5 trillion. By some estimates, account for 90% of all e-commerce activities. Can reduce cost of B2B transactions by almost 25 percent. Many of the benefits of e-commerce have come with business-to-business transactions. Companies like UPS and the Post Office use their websites to save money and time by doing business online. Companies use a variety of tools to conduct business online with partners, wholesalers and retailers. Online Shopping and B2C Business-to-consumer (B2C) E-tailing accounts for 4% of all U.S. Growing at a rate of 18%. Services like banking and brokerage are key aspects of e-tailing Many retailers have electronic storefronts. Growth of broadband is aiding e-tailing.

Selling to customers directly over the Internet. There are millions of good for sale online. There are as variety of retail stores that make the Internet one big cybermall. Who are online buyers and sellers? Typical user is young, highly educated, urban or suburban, and affluent. Demographics are shifting; there is decreasing difference in Internet purchasing habits among groups.

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 Benefits of B2C E-Business Lower Prices Many products cost less online. Internet allows customers to easily compare prices from multiple sellers convenience. Can order products from around the world anytime, day or night. Can register customer information to streamline transactions. Personalization Emphasis on personalized, one-on-one marketing to increase repeat purchases. Developing Safe Online Payment Systems Through encryption, data is encoded for security purposes. Many companies use Secure Sockets Layer (SSL) technology to encrypt information and verify senders and receivers. An electronic wallet contains credit card and identification information. Customers can avoid retyping purchase information. E-Business Challenges (privacy) Privacy is among the top concerns of Internet users. E-business sites often require passwords and use electronic signatures, an electronic form of identity verification. Companies can track customers shopping and viewing habits through cookies. Customers usually prefer that companies do not share their personal information. Merchants have responded by joining privacy organizations. Privacy protections may soon become legally required. Employees also have concerns that employers are monitoring their Internet behavior. Companies worry about data theft. In addition to credit card transactions online, privacy is a growing concern for consumers. Consumers worry that the information about them will
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be available to others without their permission. Although online shopping is growing, consumers are very concerned about providing credit cards and personal information online. E-Business Challenges (Internet Fraud) Internet Crime Complaint Center logs more than 200,000 complaints annually. 50% of the complaints referred to law enforcement agencies deal with online auctions. Phishing is a growing form of Internet fraud that uses e-mail or pop-up messages to get unsuspecting victims to disclose personal information. Vishing, or voice phishing, involves phone calls to credit card customers to obtain personal and banking information. Payment fraud is growing E-Business Challenges (poor website design) 50% of shopping carts are abandoned before any purchase is made. Lack of Information Inability to find the information they need Feeling overwhelmed by too much information Companies that have brick-and-mortar experience often have better success satisfying customers than Internet-only retailers. Online sales can compete with business partners such as retailers and distributors causing disputes called channel conflict. Using the Webs Communication Function Web has four main functions: e-business, entertainment, information, and communication. Communication is Webs most popular function. Firms use e-mail to communicate with customers, suppliers, and other partners. Online Communities: Internet forums, newsgroups, electronic bulletin boards, and Web communities that appeal to people who share common interests. Spam is junk e-mail. Web Communication Blogs Blog - short for Web log, an online journal written by a blogger.
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 May incorporate wikis, a Web page that anyone can edit. Some incorporate podcasts, video & audio recordings. Feedburner services more than 200,000 podcasts. Corporate blogs can help build brand trust. Example: Apples iLounge builds the iPod brand and gives Apple ideas for product improvement. Employee blogs may present ethical issues Blogs have become increasingly popular. People have combined the use of blogs with other technologies like wikis and podcasts. Wikis allow all users to edit the pages while podcas are audiots and video content. Many organizations are beginning to use blogs as a way to build brand loyalty but some blogs can be problematic. Disgruntled employees can destroy a companys reputation. Web Communication Web Based Promotion Banner Ads : messages placed on frequently visited websites Pop-up Ads : ads that appear in separate windows Pre-roll Video Ads : advertisements that roll as soon as a page is loaded Search marketing : companies pay for top visibility in search results Some companies, such as ValPak Marketing Systems, offer virtual, searchable coupons. Global Environment of E-Business Future growth of many companies is linked to a global strategy that incorporates e-business. U.S. leads world in Internet users but ranks only 5th in Internet penetration. E-Bay may dominate most markets, but Chinese company Alibaba.com has 83% of the auction business in China. E-business can heighten competition in the global marketplace Why B2B Marketplaces? Largest aggregation of B2B Buyers - more than 30% of these are here Hassle free way to generate business leads fully managed Try for free Pay for premium Do it all, right from your desktop
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 Free Services Business / ProductCatalog Unlimited Products Trade Leads Business Tenders Enquiry Alerts on SMS / Call from Buyers on Mobile Videos Industry, Trade Shows & Business Information Updates The first step towards internet marketing & lead generation Unlimited Products photos & videos Higher the no. of products, higher the no. of leads 200,000 Indian companies having 2 million products, already have their catalog on IndiaMART.com alone.

Business / Product Catalog Trade Leads The easiest way to generate 1 lead every week Post unlimited product specific offers with picture Importance of push-to-top 10 times better results More than half-a-million offers live on IndiaMART.com alone

SWOT analysis of indiamart.com Strengths The most powerful point in hand of the company is that they provide the customized solution to the customers. The company has excellent distribution system. The company has built a strong image among the customers. The company experiences excellent Brand loyalty for its Products from the customers. The company has made its Product range attractive, which lures the customers, and consequently Weaknesses
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 Some products have high prices as compared to the other products. The company pays less attention towards the matured clients Opportunities India has a vast potential market, which the company can get hold up. The company can prove to be major threats for its competitors if it increases marketing efforts. IIL should concentrate on the premium segment market. Threats The major threat that company faces is from its competitors who are introducing products with lower cost backed by aggressive promotional schemes to attract the customer. The arrival of the MNC is a major serious threat for the company.

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REVIEW OF LITERATURE Customer The word customer is derived from "custom," meaning "habit"; a customer was someone who frequented a particular shop, who made it a habit to purchase goods of the sort the shop sold rather than elsewhere, and with whom the shopkeeper had to maintain a relationship to keep his or her "custom," meaning expected purchases in the future. However, "customer" also has a more generalized meaning as in customer service and a less commercialized meaning in not-for-profit areas. To avoid unwanted implications in some areas such as government services, community services, and education, the term "customer" is sometimes substituted by words such as "constituent" or "stakeholder". This is done to address concerns that the word "customer" implies a narrowly commercial relationship involving the purchase of products and services. However, some managers in this environment, in which the emphasis is on being helpful to the people one is dealing with rather than on commercial sales, comfortably use the word "customer" to both internal and external customers. Types of customer There are six types of customers. External Customer. These are the people and organizations who have a need for your product or service. They purchase your stuff in exchange for money. They have a budget and will give you some of it in exchange for a solution that meets their needs and expectations. Given that, I affectionately refer to external customers as ones with the bag of money. They have the financial autonomy to decide where and how they will spend their budget the bag of money. The question is who gets the bag of money, you or your competitor? Who has earned the confidence and trust of the customer?

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You and your competitor are vying for a piece of their budget the best solution wins. Know this: Customers vote with their money and complain with their feet. Allies. These are the users of your product or service, not the ultimate decision maker. These customers usually don't have a bag of money but they play a vital role in your success. They do not make the final decision but they may have tremendous impact on the outcome. They are often closely connected to the bag of money and positioning them as an ally to your cause is critical for your success. However, allies can be a tremendous wealth of information. Pick their brains and learn how you can differentiate yourself from the competition. Customers buy differences, not similarities. It can sometimes be difficult to ascertain who the bag of money is and who the allies are. Ask questions early in the call to determine who's who in the zoo. Shrink your sales cycle by understanding the players within your accounts. Simply ask them who else may be involved with decisions. Internal Customer. These are fellow employees and managers within your place of business. They support you and make you look good to your external customers. Appreciate them and treat them with respect. Unfortunately, they are often the victims of the blame fest. Poor internal relationships can have fatal consequences for your external customers. I recently saw an anonymous quote that supports my point. "We have less to fear from outside competition than from inside conflict, inefficiencies, discourtesy, and bad service." So true. They want to fix the problem. It's up to you to quarterback all of the company's resources to resolve their problem. When you work in harmony with your internal customers, external customers become the beneficiary of your internal relationships.
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Be aware too of your own personal internal customers, such as family, spouse, and parents. View your kids, spouse, or significant other as your personal internal customers. They also deserve respectful treatment.

Repeat Customer.

They are the jewels of your business. Do the job well the first time and you often get rewarded with another opportunity to serve them. And guess what? They give you more money! You may have heard that it costs up to five times as much to replace a customer as it does to keep one. So, keep them happy. Under promise and over deliver.

Born-Again Customer.

These are previous customers who no longer do business with you. For some reason they have forgotten about you or they are still upset with you. Dig up their file, give them a call, and settle any outstanding grievance. Put your ego aside and offer restitution to satisfy the customer. They often become loyal customers provided you resolve the problem to their satisfaction. As you work with your customers, you will find the Sequential Model is applicable to all six types. Remember, Pay particular attention to your internal customers.

Bag of Wind.

You guessed it, these people have little or no impact on the decision. They are often an easy point of entry into an account but they seldom contribute to the sales process. In fact they do more harm than good by creating a false sense of authority. There is nothing worse than wasting valuable selling hours on people who cannot help advance the sale. They may also provide clarity as to who the allies are and who the bag of money is. Knowing these people can prove to be a huge advantage; knowledge is power.

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Customer Segmentation In the snowmobile example, the served market consisted of one segment but conceivably, the served market. Could be much broader in scope. For example, the company could decide to serve all industrial customers (large, medium, small) by offering diesel-driven snowmobiles for delivery use. The broader served market, however, must be segmented because the market is not homogeneous; that is, it cannot be served by one type of product/service offering. Currently, the United States represents the largest market in the world for most products; it is not a homogeneous market, however. Not all customers want the same thing. Particularly in well-supplied markets, customers generally prefer products or services that are tailored to their needs. Differences can be expressed in terms of product or service features, service levels, quail levels, or something else. In other words, the large market has a variety of submarkets, or segments, that vary substantially. One of the crucial elements of marketing strategy is to choose the segment or segments that are to be served. This, however, is not always easy because different methods for dissecting a market may be employed and deciding which method to use may pose a problem. Virtually all strategists segment their markets. Typically, they use SIC codes, annual purchase volume, age, and income as differentiating variables. Categories based on these variables, however, may not suffice as far as the development of strategy is concerned. RCA, for example, initially classified potential customers for color television sets according to age, income, and social class. The company soon realized that these segments were not crucial for continued growth because potential buyers were not confined to those groups. Later analysis discovered that there were innovators and followers in each of the above groups. This finding led the company to tailor its marketing strategy to various segments according to their innovativeness. Mass acceptance of color television might have been delayed substantially if RCA had followed a more traditional approach. An American food processor achieved rap success in the French market after discovering that modernity

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Frenchwomen liked processed foods while traditional French house wives looked upon them as a threat. A leading industrial manufacturer discovered that its critical variable was the amount of annual usage per item, not per order or per any other conventional variable. This proved to be critical since heavy users can be expected to be more sensitive to price and may be more aware of and responsive to promotional perspectives. Segmentation aims at increasing the scope of business by closely aligning a product or brand with an identifiable customer group. Take, for example, cigarettes. Thirty years ago, most cigarette smokers chose from among three brands: Camel, Chesterfield, and Lucky Strike. Today more than 160 brands adorn retail shelves. In order to sell more cigarettes, tobacco companies have been dividing the smoking public into relatively tiny sociological groups and then aiming one or more brands at each group. Vantage and Merit, for example, are aimed at young women; Camel and Winston are aimed mostly at rural smokers. Cigarette marketing success hinges on how effectively a company can design a brand to appeal to a particular type of smoker and then on how well it can reach that smoker with sharply focused packaging, product design, and advertising. What is true of cigarettes applies to many, many products; it applies even to services. Banks, for example, have been vying with one another for important customers by offering innovative services that set each bank apart from its competition. These illustrations underscore not only the significance of segmenting the market but also the importance of carefully choosing segmentation criteria. Segmentation criteria Segmentation criteria vary depending on the nature of the market. In consumer goods marketing, one may use simple demographic and socioeconomic variables, personality and lifestyle variables, or situation specific- events (such as use intensity, brand loyalty, and attitudes) as the bases of segmentation. In industrials marketing, segmentation is achieved by forming end use segments, product segments, geographic segments, common buying factor
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segments, and customer size segments. For a detailed account, however, reference may be made to a textbook on marketing management. In addition to these criteria, creative analysts may well identify others. For example, a shipbuilding company dissects its tanker market into large, medium, and small markets; similarly, its cargo ship market is classified into high-, medium-, and low-grade markets. A forklift manufacturer divides its market on the basis of product performance requirements. Many consumer- goods companies, General Foods, Procter & Gamble, and Coca-Cola among them, base their segments on lifestyle analysis. Data for forming customer segments may be analyzed with the use of simple statistical techniques (e.g., averages) or multivariate methods. Conceptually, the following procedure may be adopted to choose a criterion for segmentation: 1. Identify potential customers and the nature of their needs. 2. Segment all customers into groups having Common requirements. The same value system with respect to the importance of these requirements. 3. Determine the theoretically most efficient means of serving each market segment, making sure that the distribution system selected differentiates each segment with respect to cost and price. 4. Adjust this ideal system to the constraints of the real world: existing commitments, legal restrictions, practicality, and so forth. A market can also be segmented by level of customer service, stage of production, price/performance characteristics, credit arrangements with customers, location of plants, characteristics of manufacturing equipment, channels of distribution, and financial policies. The key is to choose a variable or variables that so divide the market that customers in a segment respond similarly to some aspect of the marketers strategy. The variable should be measurable; that is, it should
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represent an objective value, such as income, rate of consumption, or frequency of buying, not simply a qualitative viewpoint, such as the degree of customer happiness. Also, the variable should create segments that may be accessible through promotion. Even if it is feasible to measure happiness, segments based on the happiness variable cannot be reached by a specific promotional medium. Finally, segments should be substantial in size; that is, they should be sufficiently large to warrant a separate marketing effort. Once segments have been formed, the next strategic issue is deciding which segment should be selected. The selected segment should comply with the following conditions: 1. It should be one in which the maximum differential in competitive strategy can be developed. 2. It must be capable of being isolated so that competitive advantage can be preserved. 3. It must be valid even though imitated. Customer service Customer service is the provision of service to customers before, during and after a purchase. According to Turban et al. (2002), Customer service is a series of activities designed to enhance the level of customer satisfaction that is, the feeling that a product or service has met the customer expectation." Its importance varies by products, industry and customer; defective or broken merchandise can be exchanged, often only with a receipt and within a specified time frame. Retail stores will often have a desk or counter devoted to dealing with returns, exchanges and complaints, or will perform related functions at the point of sale; the perceived success of such interactions being dependent on employees "who can adjust themselves to the personality of the guest". From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement.
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A customer service experience can change the entire perception a customer has of the organization. Some have argued that the quality and level of customer service has decreased in recent years, and that this can be attributed to a lack of support or understanding at the executive and middle management levels of a corporation and/or a customer service policy. To address this argument, many organizations have employed a variety of methods to improve their customer satisfaction levels. PROBLEM FORMULATING STAGE During the research the survey of the market in Bangalore has been done and then result was found that company and its owners are doing their job more efficiently but still the company is lacking to make its customer fully satisfied. The existing customers are not having so much of problem but the new customers are facing the problem. The problem is related to brokerage rate, expert knowledge, problem solving etc. Because of high account opening charge in the market customer are not ready to open an account. LITERATURE SEARCH It has been found that if company want to expand its market share and to increase the customer then it should have to focus on product and services promotion apart from brand promotion. The company will have to satisfy its customer in an appropriate way so that they will become loyal customer and they will also help to increase to increase the number of customer through their valuable references. The company should launch some good schemes & lower broking charges. It should provide training to customers and also show the demo etc. DATA EVALUATION After collecting and analyzing the data understanding has been made that in this era of marketing where the market is full of competitors IndiaMart should have to do something innovative and creative in order to give tough competition to the top broking companies.

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As we know that CUSTOMER IS THE KING. It means anyhow company will have to make its customer happy, satisfied and delight to make more and more profit and leave the competitors behind.

PROBLEM STATEMENT Analysis of Customer Satisfaction at Indiamart and to check the awareness among the customers about Indiamart and its products/services.

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RESEARCH METHODOLOGY

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OBJECTIVE OF THE STUDY

To find out about the awareness of the clients about online B2B market and the services offered by Indiamart. To find out the satisfaction level of the customers of Indiamart. To learn the whole process involved in working of Indiamart.

RESEARCH METHODOLOGY Marketing Research is the systematic & objective identification, collection, analysis, dissemination & use of information for the purpose of improving decision making related to the identification & solution of problems & opportunities in Marketing. A research process consists of stages or steps that guide the project from its conception through the final analysis, recommendations and ultimate actions. The research process provides a systematic, planned approach to the research project and ensures that all aspects of the research project are consistent with each other. Research studies evolve through a series of steps, each representing the answer to a key question.

RESEARCH DESIGN Research design is a conceptual structure within which research was conducted. A research design is the detailed blueprint used to guide a research study towards its objective. It is a series of advanced decision taken together comprising a master plan or a model for conducting the research in consonance with the research objectives. Research design is needed because it facilitates the smooth sailing of the various research operations, thereby making research as efficient as possible yielding maximum information with the minimum effort, time and money. ( I ) Exploratory Research To gather preliminary information that will help define problems and suggest hypotheses. (Uses Secondary Data & Focus Groups)
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( II ) Conclusive Research Descriptive Research To describe things, such as the market potential for a product or the demographics & attitudes of consumers who buy the product. Experimental Research : (Causal Research) To establish the cause-and-effect relationships RESEARCH PROCESS The research process has five distinct yet interrelated steps for research analysis. 1. Define the information needed. 2. Design the Exploratory, Descriptive and/or Causal phases of the Research. 3. Specify the measurement and scaling procedures. 4. Construct and pretest a Questionnaire (interviewing form) or an appropriate form for Data Collection. 5. Specify the Sampling Process & Sample Size. 6. Develop a plan of Data Analysis. Each step is viewed as a separate process that includes a combination of task, step and specific procedure. The steps undertake are logical, objective, systematic, reliable, valid, impersonal and ongoing. EXPLORATORY RESEARCH The method I used for exploratory research was Primary Data, Secondary data PRIMARY DATA New data gathered to help solve the problem at hand. As compared to secondary data which is previously gathered data. An example is information gathered by a questionnaire.

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Qualitative or quantitative data that are newly collected in the course of research Consists of, original information that comes from people and includes information gathered from surveys, focus groups, independent observations and test results. Data gathered by the researcher in the act of conducting research. This is contrasted to secondary data, which entails the use of data gathered by someone other than the researcher information that is obtained directly from first-hand sources by means of surveys, observation or experimentation. My proposal is to first conduct a intensive secondary research to understand the full impact and implication of the industry, to review and critique the industry norms and reports, on which certain issues shall be selected, which I feel remain unanswered or liable to change, this shall be further taken up in the next stage of exploratory research. DESCRIPTIVE RESEARCH STEPS in the descriptive research Statement of the problem Identification of information needed to solve the problem Selection or development of instruments for gathering the information Identification of target population and determination of sampling Plan Design of procedure for information collection Collection of information Analysis of information Generalizations and/or predictions

DATA COLLECTION Data collection took place with the help of filling of questionnaires. The questionnaire method has come to the more widely used and economical means of data collection. The common factor in all varieties of the questionnaire method is this reliance on verbal responses to questions, written or oral. I found it essential to make sure the questionnaire was easy to read and understand to all spectrums of people in the sample.
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It was also important as researcher to respect the samples time and energy hence the questionnaire was designed in such a way, that its administration would not exceed 4-5 minutes.

SAMPLE SIZE This involves figuring out how many samples one need. The numbers of samples you need are affected by the following factors: Project goals How you plan to analyze your data? How variable your data are or are likely to be? How precisely you want to measure change or trend? The number of years over which you want to detect a trend? How many times a year you will sample each point? How much money and manpower you have?

I have targeted 50 people/Customers for the purpose of the research. The target population influences the sample size. The target population represents Bangalore.

LIMITATION OF THE STUDY Total 50 sample size has been taken for the study. This study was based on questionnaire method. So there is chances of bias The results are based on probability basis. The result may vary from time to time The study has been done only from one store/location covering small part of Bangalore.

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DATA ANALYSIS AND INTERPRETATION

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1. Awareness of the companies which provide online promotion/marketing (online B2B) services.
4% 10% 10% 10% 60% 6% Indiamart.com Tradeindia.com Exportersindia.com Alibaba.com Madefromindia.com Indianyellowpages.com

Interpretation: When asked about the awareness of online promotional and marketing services providers 60% responded with Indiamart.com followed by other providers. Thus brand awareness of Indiamart is very high.

2. Money spent to market product/service annually on Internet.

4% 36% 20% Less than Rs.10000 Rs.10000-20000 40% Rs.20000-30000 Rs.30000 and More

Interpretation: When asked about annual expenditure of company on online promotion. 40% responded with 30000 and more, next highest was between 20000-30000 with 36%

3. Level of promotion of the product/company.

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10% 20% 70% Local National Global

Interpretation: 70% of the respondents wanted local level promotion of product/company because most of the respondents were local ones without any branch in other cities. 20% wanted national level promotions.

4. Awareness about online Exhibition/ trade shows.

20% Yes 80% No

Interpretation: 80% of the respondents were aware about online trade shows and exhibitions.

5. Reason to advertise in online Trade shows.

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10% 20% 50% 10% 10%

Maximum exposure through international distribution Global buyers preferred choice Minimum cost per business enquiry International quality print, paper and design

Interpretation: When asked about reasons to advertise in online trade shows, 50% respondent that it gives maximum exposure in nowadays market scenario.

6. Awareness of Indiamart.com services like existence verification, credibility factors and statutory approvals and online promotion services.
10%

Yes 90% No

Interpretation: 90% of the respondents were aware about the various services offered by Indiamart.com. Only 10% were unaware.

7. Benefits from the internet to the business.

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Tap new markers across the world 30% 10% 10% 20% 10% Be available to buyers 24 x 7 20% Get a global presence Showcase an entire range of products Reach potential buyers from over 200 countries Lowest client acquisition cost

Interpretation: When asked about the benefits from internet to their business. 30% responded that it gives opportunity to showcase entire range of products to prospective customers. 20% each responded being available to buyers 24/7 and low client acquisition cost.

8. Satisfaction with the pricing of the products/services.

32% 50% 18%

Dissatisfied Neither dissatisfied nor satisfied Satisfied

Interpretation: 50% of the respondents were satisfied with the pricing of products/services of Indiamart.com. But 32% were dissatisfied as well.

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9. Satisfaction with the products/services of Indiamart.com through its website.

8%

12%

Dissatisfied Neither dissatisfied nor satisfied Satisfied

80%

Interpretation: 80% of the respondents were satisfied with the products/services of Indiamart. Only 8% were dissatisfied.

10. Satisfaction with the complaint handling process.

24% 60% 16%

Dissatisfied Neither dissatisfied nor satisfied Satisfied

Interpretation: 60% of the respondents were satisfied with the complaint handling process of Indiamart. 24% were dissatisfied with complaint handling.

11. Satisfaction with Indiamart sales person/executives knowledge.

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20% 10% 70%

Dissatisfied Neither dissatisfied nor satisfied Satisfied

Interpretation: 70% of the respondents were satisfied with the sales executives of Indiamart. i.e. their knowledge of products and services and their personality. 20% were dissatisfied.

12. Satisfaction with other benefits like online trade shows of Indiamart.

16% 80%

4%

Dissatisfied Neither dissatisfied nor satisfied Satisfied

Interpretation: 80% of the respondents were satisfied with other benefits offered by Indiamart like online trade shows etc, i.e. the trade shows have helped their businesses. 16% of the respondents were not satisfied.

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Customer Satisfaction on various factors in decreasing order of percentage. Satisfaction with other benefits like online trade shows of Indiamart 80% Satisfaction with the products/services of Indiamart through its website 80% Satisfaction with Indiamart sales person/executives knowledge 70% Satisfaction with the complaint handling process 60% Satisfaction with the pricing of the products/services 50%

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FINDINGS AND RECOMMENDATIONS

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FINDINGS
It was found that the brand awareness of Indiamart is high compared to others as 60 % of respondents told that they are aware about Indiamart. 76% of the respondents spent 20000 or more on their online promotional activities. 70% of the respondents want local level promotion of product/company because most of the respondents were local ones without any branch in other cities. 80% of the respondents were aware about online trade shows and exhibitions. 50% respondent think that that it gives maximum exposure in nowadays market scenario thats why they want to advertise in online trade shows. It was found that 30% of respondent think that internet gives opportunity to showcase entire range of products to prospective customers, 20% each think that internet helps in being available to buyers 24/7 and low client acquisition cost. Thus there is scope for improvement i.e, more awareness can be build up by Indiamart. Indiamart should redesign its promotional strategies to capture more market. It was found that 50% of the respondents were satisfied with the pricing of products/services of Indiamart.com. It was found that most of the customers i.e, almost 90% are aware about the various services offered by Indiamart.com. 80% of the respondents were satisfied with the products/services of Indiamart. 70% of the respondents were satisfied with the sales executives of Indiamart. i.e. their knowledge of products and services and their personality. 60% of the respondents were satisfied with the complaint handling process of Indiamart. 80% of the respondents were satisfied with other benefits offered by Indiamart like online trade shows etc, i.e. the trade shows have helped their businesses. The satisfaction can be further improved in the areas of pricing, complaint handling and the sales executives. With the help of secondary data that is various books and articles related to Indiamart and its working and also going for field work during my project work, I was able to learn about the working process of Indiamart.

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RECOMENDATION
The IndiaMart is lacking in the areas of services promotion, it should redesign its promotional strategies to capture more market. The company should increase the number of advertisement through various media to remind present as well as to aware new customer about its services. The company should lower its brokerage charge in order to gain more customers. Rs 24000 promotion charges are too high when targeting a corporate so the company should be flexible on this amount. Make the complaint process easy so that there is a scope of improvement to identify regions where promotions are required. The company should solve the problems of the customers quickly because delay in this will make them dissatisfied and they will not provide the reference of any customers. After sales services and follow up calls are important for getting new references so trained telesales should be appointed for this purpose whose sole work should be to make feedback calls. This will result in additional customer base by getting further references from satisfied clients. The company should organize seminars for new as well as existing customer in order to make existing customer delight by providing some gifts. This will act as a customer acquisition program.

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CONCLUSION

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CONCLUSION The main purpose of the Project was to gain practical knowledge and apply our skills in practical and real environment. It is the time when we have to sharpen our skills, abilities and knowledge which would help me in getting final placement. In Indiamart.com, I have got an opportunity to explore my potential. By preparing extensive research reports we have attained fundamental knowledge of online promotional services, its scope and its importance in coming years. I have also come across various technicalities related to online promotional services. I understood the concept of online promotional services, types of schemes available in online marketing. I got the chance to understand concept of B2B portals, online marketing and mass advertising and also how to develop and maintain corporate relationship, etc. I am very confident that after completing my Project in Indiamart.com Company I would have mastered in various online promotional services.

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BIBLIOGRAPHY BOOKS Marketing Management: - PHILIP KOTLER 13th Edition, 2009, Prentice Hall of India Ltd., New Delhi. Marketing Management:- V.S RAMASWAMY AND S. NAMAKUMARI Marketing Research: - DR. C.R. KOTHARI

NEWSPAPER AND MAGAZINE Business World The Economic Times Business Standard Business line

WEBSITES www.IndiaMart.com www.google.com www.investopedia.com www.wikipedia.com

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QUESTIONNAIRE

1. Are you aware of the companies which provide online promotion/marketing (online B2B) services?

2. How much amount of money you spend to market your product/service annually on Internet? -20000 -30000

3. At which level would you like to promote your product?

4. Are you aware about online Exhibition/ trade shows?

5. Why would you like to advertise in online Trade shows?

International quality print, paper and design

6. Are you aware that Indiamart.com provides services like existence verification, credibility factors and statutory approvals and online promotion services?

7. Benefits which would you like to reap from the internet?

Get a global presence

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8. Are you satisfied with the pricing of the products/services?

9. Are you satisfied with the products/services of Indiamart.com through its website?

10. Are you satisfied with the complaint handling process?

11. Are you satisfied with Indiamart sales person/executives knowledge?

12. Are you satisfied with other benefits like online trade shows of Indiamart? nor satisfied

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