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Content
Introduction. Difficulties in performing pooja. Market size Key Kit Ingredients Survey USP Economics Promotion and Marketing Conclusion
Introduction
India is religious country Sacred practice and ritual integrity Requires Idol s, equipments, samagri
Market size
Sales
Survey
Do you prefer Samagri Kit or Individual items? Will you buy for festival? Expected price. Prefer home delivery or direct from market? Will you refer people to buy this kit? What would you like to include in the kit?
Competitors
Tajonline, iShop India, Rudraksha-Ratna. Selling price is of competitors atleast 15% more They sell pooja specific kits Only contains equipments and samagri s No combo kits
USP
Replica of items Multi purpose kit CD/Pamphlet
Economics
Multi purpose KIT: Market Target = 2.5 lakhs (1%) For-see sale = 25,000 sets Price of sets = 500*25000 = 1,25,00,000 Costing Rs.250/Set (Bulk purchase) Dealers rebate = 10-15% Promotion cost = Rs.50 Contingency cost = Rs.50 Total cost of the Kits = Rs.87,50,000 Complimentary kits (5%) cost = Rs. 4,40650 Estimated Profit = Rs. 33,09,000 B.E.Q = 18,400(73%)
Regular kit: Market Target = 20 million For-see = 2,00,000 sets/Year Price of sets=Rs.50*2,00,000= Rs. 1,00,00,000 Costing = Rs. 25 (Bulk purchase) Promotion & Contingency = Rs. 10 Dealers Rebate = 10-15% Total cost of the Kits= Rs.70,00,000 Complimentary Kits(5%) cost = Rs.3,50,000 Estimated Profit = Rs.26,50,000 B.E.Q = 1,47,000(73%)
Conclusion
There is a huge untapped market. Even though there is massive competition, there is abundant scope for expansion and growth. When compared to similar products in the market, we are selling a multipurpose kit which other competitors are not. There is also a big communication gap between the customers and vendors, which could be filled.
Thank you