A Study About Marketing Strategies of Vivo Mobiles
A Study About Marketing Strategies of Vivo Mobiles
A Study About Marketing Strategies of Vivo Mobiles
Vivo is a leading global smart phone brand focusing on introducing products with
professional-grade audio, extraordinary appearance, and fast and smooth user experience.
Vivo was founded in 2009 as a sub-brand of BBK Electronics. The brand entered the
telecommunication and consumer electronics industry with landline phones and wireless
phones. In 2011, Vivo started manufacturing and marketing its own range of smart
phones. Vivo entered the Indian market in 2014.
Currently 20,000 operators work in Vivo, and 3,000 engineers are in four R&D centers in
Dongguan, Shenzhen, Nanjing and Chongqing. From hardware design and manufacture,
to software development (Android based Funtouch OS), Vivo has built a complete and
sustainable ecosystem.
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WHY IT WAS SELECTED?
The mobile phone industry has entered the era of smart phones; consumers now have
quite different views and demands of mobile devices. To achieve the above objective I
have not restricted my study to just Marketing strategies of vivo smart phones. In order to
study about the smart phone business in India, and to understand the scope that
Marketing of vivo has in this business, I have extended my project to do a detailed study
of Smart phone market of the competitors of vivo. Through a comparative study between
the competitors and vivo smart phone, I could arrive to a conclusion of the scope of
Marketing of vivo.
Objective of my study:
To learn more about the professional atmosphere and adopt the professional
behavior .
To learn how to innovate your ideas and achieve the main objective of the
organization .
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INDIAN HISTORY OF VIVO:
It enters into India in 2014 December with the name of world slimmest
phone X5 MAX. Its head office is in Delhi. Very soon vivo will be manufactured in India
as the construction is already started in Gurgaon Delhi. With in three months it achieve
21% of the market share in india and it is targeting acquire 6 to 7 % of Indian market
with in the year of 2017 .
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WHAT TYPE OF ORGANIZATION
The mobile phone industry has entered the era of smart phones; consumers
now have quite different views and demands of mobile devices. In this context, BBK
have started a new mobile phone brand vivo for smart phone era, which is their
promotion focus over the years to come. BBK is a corporate brand, which has carried
years of reputation for reliable quality and strong manufacturing capability serving new
brand vivo.
In modern times, with the Italian opera getting more and more popular, we
feel it is quite hard to express our amazement and compliment of masterpieces by music
masters like Verdi and Puccini. Therefore, the word vivo has been employed, which adds
implications like likeness and vitality of outstanding arts to the word vivo.
In short, vivo does not only convey dynamics and vitality, but also
expresses our heart-felt respect to heroes, masterpieces and the like. Its primitive but
concise pronunciation is the very first response we have the minute we witness the birth
of newborns or occurrence of great events.
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WORK CULTURE
Work culture plays an important role in extracting the best out of employees and
making them stick to the organization for a longer duration. The organization
must offer a positive ambience to the employees for them to concentrate on their
work rather than interfering in each others work.
The staff their are very nice and kind. They provide all the primary & secondary
services that other companies. They are up to date with technology. I like to visit
in this company as compared to another. This vivo company is good.
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MISSION
VISION:
To become a healthy worldclass enterprise for long
CORE VALUE:
Vivo India general business principles describe our groups core values, responsibilities and
the principles & behavior by which we do business.
OUR VALUE
Vivo India employees share a set of core values:
Integrity
Team Spirit
Superior Quality
Sustained Learning
Customer Orientation
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ORGANIZATION STRUCTURE OF VIVO COMPANY:
CEO :
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TYPES OF PRODUCT & SERVICE OFFRED BY
ORGANIZATION:
2012, Xplay, worlds first Hi-Fi smart phone integrated with OPA2604 amplifying
power .2013, Vivo X3, worlds first Hi-Fi smart phone integrated with ES9018
decoding chip
2013, Xplay3s, worlds first 2K display Hi-Fi music smart phone with extreme
display performance
2014, X5Max, worlds slimmest smart phone with a totally new framework of Hi-Fi
2.0
2015, X5Pro, the extreme Hi-Fi and slim body model was launched
2015, Vivo India joined the Make in India movement by inaugurating our first
manufacturing unit in Greater Noida
2016, Vivo India launched V3/V3Max with Faster Fingerprint Unlocking System &
Camera Capture along with the opening of VIVO IPL 2016
2016, V5/V5Plus, worlds first 20 MP Moonlight Selfie Camera
From 2011, Vivo has been certified in over 100 countries and regions worldwide,
choosing the path of internationalization and moved on. Currently Vivo is present in
India, Malaysia, Indonesia, Thailand, Myanmar, Vietnam and Philippines.
Service centers across the country. Vivo is one of the fastest growing companies in
India.
Vivo believes in diversity and creativity in India and hence has been actively involved in
some of the most popular properties such as Colors Comedy Nights with Kapil, MTV
Roadies, MTV Bollyland Festival and Vh1 Emerge. Regionally Vivo sponsored Vijay
TVKoffee with DD (Season 2), ETV TeluguExtra Jabardast, ETV KannadaMajha
Talkies, Mazhavil ManoramaD 4 Dance (Season 2), and Zee KannadaOnduurnalli Raja
Rani. As a new brand for Indian consumers, Vivo believes in reaching out to every
person in every state and this increases the kind of effort to establish the brand in the
hearts of consumers. Vivo looks forward to more such associations in the future to create
a brand visibility amongst the Indian masses.
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Price chart
x series y series
SEGMENTATION:-
DEMOGRAPHIC SEGMENTATION
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MARKETING STRATEGY
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4Ps OF MARKETING MIX
It refers to the length (the number of products in the product line), breadth (the number of
product lines that a company offers), depth (the different varieties of product in the
product line), and consistency (the relationship between products in their final
destination) of product lines. Product mix is sometimes called product assortment.
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The basic components of product mix are:
Services
Packaging
Brand
Product line
(iv) Trading Up
The retail product mix is device so as to develop an appropriate promotion strategy for
the store depending on the target market to be reached. Once the target market is
identified and positioning strategy defined, the retailers employ various tools of product
mix to reach out to consumers. These efforts also aim at building store image.
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then enjoy increasing profits as the brand gets market acceptability. For a customer, price
is the main reason to visit a particular store.
A pricing strategy must be consistent over a period of time and consider retailers overall
positioning, profits, sales and appropriate rate of return on investment. Lowest price does
not necessarily net be the best price, but the lowest responsible price is the best right
price.
To survive in the retail business, retailers need to seek cash flow, profitability and overall
growth in order to consolidate their market position. But pricing cannot be determined in
isolation. Costs and operating expenses are equally important while establishing the retail
price.
Servicing pricing pursues the doctrine of pricing of goods, therefore, they are either
cost-based or market based. Within this, these pricing can be profit oriented, government
controlled, consumer oriented or competition oriented. Pricing needs certain
considerations before actually determining it. The market position of the product,
consumer perception and stage of the product life cycle, competitors strategy and overall
marketing strategy needs to be considered.
(ii) Competition
Hence, the retailer has to ensure that the product is available to the target consumers
whenever required. There are two major components of place: marketing channels and
physical distribution (logistics management). Channel decisions affect considerably the
elements of marketing mix and involve a long term commitment of resources.
(ii) Intermediary
(v) Transportation
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4. The Promotion Mix
After deciding upon the budget, retailer should determine the appropriate promotional
mix a combination of advertising, public relations, personal selling and sales
promotion. Small retailers having limited funds may use store displays, hoardings, direct
mail, flyers and publicity methods to attract customer traffic, while on the other hand,
retailers having no bar on finance, may use print or television media for their sales
promotion activities.
The retail promotion mix varies from retailer to retailer and nation to nation depending
upon technological advancement, nature of competition and availability of finance etc.
Retailers design a promotional mix in compliance with stores objectives such as
positioning of the organization, attracting customers, increasing sales turnover, clear out
seasonal merchandise, announcing special events and educating public about the
organization and its offerings.
ADVERTISING IN RETAIL
Promoting a brand is more important than opening a store. It is essential to create brand
awareness for the customers to know about the brands existence. The retailer must strive
hard to communicate the USPs (Unique selling Proposition) of the brand to influence the
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buying behavior of the customers. In simpler words, advertisements help the end-users to
know to which brand a particular product belongs.
Advertisements play a crucial role in promoting a brand and creating its awareness
amongst the masses.
They help in creating an image of a particular product or brand in the minds of the
potential customers. Such a mechanism is also called Brand Positioning.
What is advertising?
It helps to create a positive image of a particular brand in the minds of the customers and
prompts them to buy the same.
The retailer through various ways of advertising strives hard to promote his brand
amongst the masses for them to visit the store more often.
Advertisements attract the customers into the store. They act as a catalyst in
bringing the customers to the stores.
The advertisement must effectively communicate the right message and click on the
customers. It should be a visual treat and appeal the end-users.
The tagline has to be crisp and impressive to create the desired impact.
The tagline should not be lengthy else the effect gets nullified.
It has to be catchy.
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The moment an individual hears Just Do it, he knows he has to visit a Nike Store.
Thats the importance of a tagline.
Modes of Advertising
Nothing works better than promoting a brand through signboards, billboards,
hoardings and banners intelligently placed at strategic locations like railway
stations, crowded areas, heavy traffic crossings, bus stands, near cinema halls,
residential areas and so on. Such advertising is also called as out of home
advertising.
Out of home advertising is a way to influence the individuals when they are out of
their homes. The hoarding must be installed at a height visible to all even from a
distance.
Make sure it catches the attention of the passing individuals and influences them
to visit the store.
Keep it simple and make sure it doesnt confuse the customers; instead it should
convey the information in its desired form.
3C Report
COMPANY PROFILE:
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The immediate operation team is promotion team and we have Mr. Satyakam
Panda the Event manager of the company as our company guide.
DGM-Mr.Pradeep Pattnaik
GEOGRAPHIC SEGMENTATION:-
Urban cities like Bhiwandi, khaler, Purna, kopar and kalyan naka etc.
PSYCHOGRAPHIC SEGEMENTATION:-
BEHAVIORAL SEGEMENTATION:
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Loyalty status-
PRODUCT POSITIONING:-
Vivo creates smart products that have excellent appearance, professional acoustic fidelity,
extreme video display, and joyful experience for vigorous, young and fashionable urban
main stream groups. vivo dare to pursue perfection and constantly create surprise.
Zone-3:ANJURFATA
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Zone-4: MANDAI
Every zone have one promotion team consist of some promotional executive and
one TL(team leader).On the other hand every zone have some outlets. Where vivo
position its product with the help of promotion team and many promotional tools like
Arc gate, Movable mascot, Fixed mascot and Canopy etc .As a whole vivo position its
products in big malls and colleges of 5 zones (DHAMANKAR NAKA , KALYAN
NAKA , ANJURFATA , MANDAI, OTHER AREAS)
vivo has a very strong distribution channel. vivo uses a Three-level channel that
consists of Regional office, Distributer and Retailor.
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COMPETETIORS
DIRECT MARKETING
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FORMS OF DIRECT MARKETIN:
Kiosk marketing
Catalog marketing
Television
KIOSK MARKETING:
Kiosk-a small, temporary, stand-alone both used in high foot traffic areas for
marketing purposes.
A kiosk will usually be manned by one or two individuals who help attract attention
to the booth get new customers.
The name describes new stands, refreshment stands, and freestanding cart whose
vendors sell many items.
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MARKETING AREAS OF VIVO MOBILES
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vivo is organizing kiosk marketing in front of different mobile outlets every day
in different locations of BHIWANDI.
Attracted a lot of people who came in and stopped by the kiosk and got
information about the vivo smart phone.
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vivo is also targeting the college youth as it organized a kiosk marketing in
colleges.
The objective of this is to create awareness of the product and to increase sales.
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Modernized manufacturing system:
We own computerized SMT workshops and modernized assembly workshops, which
consist of around 30 production lines, with monthly production capacity of more than 1
million units. vivo manufacturing also features a complete and advanced testing and
manufacturing process control, which are operated by a professional technological
development and testing team.
PROMOTION MIX
PROMOTIONAL ACTIVITIES
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Promotional activities play a key role in the entire marketing effort being carried out by
Company. These promotional activities generate more sales as well as create a good
image of the product in the mind of the customer.
The promotional tools used by company for its marketing activities are
There are many ways to communicate with consumers at the point of sale. In-store
advertising includes shopping carts, cart straps, aisles and shelves. The appeal of the
point of sale advertising lies in the fact that in many categories consumers make the bulk
of their final decision regarding purchase in the shop.
This is particularly true for those brands which have very low
customer loyalty. Smart phone is one such product in which most of the time buying
decision is made at the spur of the moment based on the brand which is readily available
and catches the eye of the customer. For this reason company invest heavily in this
category by supplying the shop owners with stands so that they can keep the bottles
outside on those stands so that customers have an eye contact with them as he/she is
entering the shop.
INCENTIVE TO RETAILERS
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Another method of sales promotion being used by companies by running special
incentive schemes for retailers. This type of promotional strategy is conducted mainly
during the peak season.
ADVERTISING
A very important part of advertising is to decide the medium of advertising and how
much to spend on each medium.
TV
Hoarding
Newspaper/Magazines
Product of sales material(painting, glow signs, D. Board)
Below the line marketing (BTL) is the ability to tailor their messaging in more
personal manner to audience.
It is a targeted approach.
OBJECTIVES
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encouraging stocking of related items
Involve product demos & samplings at busy places like malls and market places
or at any event.
Ensure recall of the brand while at the same time highlighting the features of the
product.
Product demo
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Event marketing
Promotional marketing
Below the line advertising also focuses on direct mail marketing and e-mail
marketing, often using highly targeted lists of names to maximize response rates.
PRODUCT DEMO
EVENT MARKETING
Various companies sponsor sport events to promote their brand so vivo also sponsor
various sport events like cricket match, special occasion etc.to promote their product and
also give a prize to winners in this event.
PROMOTIONAL MARKETING
Promotional marketing is the use of any special offer intended to raise a customers
interest and influence a purchase, and to make a particular product or company stand out
among its competitors promotional materials can exist as a part of direct marketing, like
mail or email materials that include coupons.
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(Some Events)
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Make In India
We came to India with a vision to give our customers ingenious, Made In India
products. A year later, with an assembly unit all set to operate from Greater NOIDA, our
vision has now become a reality.
The first part of our expansion plan in India, we setup the assembly unit to contribute to
the Make In India initiative with our exclusive Made for India V-series smartphones.
The 30,000 square metre production facility, located at World Trade Centre, is Vivos 7th
largest assembly facility outside China. The assembly unit has a maximum production
capacity of 1 million smartphones per month, which can be further increased as per future
requirements.
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LEARNING OBJECTIVES
Internship at sadguru agency, was my first experience. i learn about lot many new things
in vivo store. initially, i got to know about the variety of vivo mobiles. then deeply , i
learned about their features , internal memory, ram, camera mp, etc.
after gaining the each mobile details, i started knowing their prices. i also learned about
the accessries which has been provided with the new handheld phones. headphones,
phone charger etc.
My guide was to explain me and help me to learn this things. he initially taught me the
way i should greet customer. greeting maintains our sincerity.
He also taught about how to deal with the customers. firstly, i should ask customers,
should be polite while interpreting with the customers. i must know have about the details
of each phones. if any customers ask for any mobiles, i must know about it, i should have
that knowledge. this can make customers satisfied.
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LEARNINGS:
I had lot many things after working two months in vivo smart phone. I have
all the theoretical knowledge in marketing but dont know how this will be implemented
practically in the field, but after working two months in vivo Smartphone I had learned
all those things, such as :-
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DETAILS OF INTERNSHIP
They believe in making Good Quality Product at the right time, at the right
Quantity and at the right price. They are exclusively dealing in mobiles in
various models across India.
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DESIGNATION
Vivo is the company where all people meet with each other such
that vivo gives you better quality of product to customers.
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DEPARTMENT
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WORK AND RESPONSIBILITY
In vivo store there was so many work I have to handle there was
several work in vivo store.
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ACHIEVEMENT
Many of the achievement are done by the vivo is also achieved the
trust of many people by providing the best customers service.
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PROBLEMS FACED DURING INTERNSHIP
Sometimes the client give the appointment and not present at the
given time is create problem to the worker.
While handing the client the major problem was the language
many of the client or a customer was of different language it makes
the worker difficult to co-ordinate with them.
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TIMING
Till 9pm, I be there in the vivo store and then after I leave
by 9pm. Till was my time schedule at vivo store.
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OTHER DEPARYMENT
SALES DEPARTMENT:
This department is mainly concerned with the sale of the new mobile
and is headed by sales manager{SM}. The internal employee of vivo store
is the development officer who has the job of communicating and training
the free lancing employees. It is the development officer who continuously
encourage the employee to get new business and the income, performance
and commission through mobiles selling knowledge under the manager.
ACCOUNTS DEPARTMENT:
It is responsible for processing of all the cheques and loans which come
to it. The details regarding financial aspects are covered under this
department.
PROMOTION DEPARTMENT:
Advertising and publicity , organization of conferences and seminars,
incentives to customers are impersonal communication. Arranging
exhibitions, participation in fairs and festivals , rural wall paintings and
publicity drive through the mobile publicity van units would be effective
in creating the impulse buying and the rural prospects would be easily
transformed into actual customers.
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STUDENT OBSERVATION
STRENGTH WEAKNESS
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EXPERIENCE
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FINDINGS
Promotion and sales are two different things but they are mixing it .
All variant types of mobiles are not provided by vivo such as Tablets, CDMA.
Dealers are happy with vivo products. They got the products by
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SUGGESTION AND RECOMMENDATION
Need to launch more mobile phones in between 10000 to 25000.
Need to do good T.V advertisement to attract more customers.
Its time target online market which can generate more customers.
Maintain DP price so that price should be shame in all out lets.
There should be sufficient stocks provided to all the outlet as per the customer
requirement.
vivo should be start EMI service for those customers who need.
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CONCLUSION
Vivo is a Chinese brand which came to India in the year 2014 December 25th.
In Bhubaneswar it launched its product in 12th March 2015. It is new to the Indian
market and has tuff competition with other competitors.
So in this type of competition no company can rely on single direct marketing form.
Since BTL is effective than ATL so vivo should reconsider its marketing strategy
with higher advertising money going for BTL (preferably in the proportion of their
respective effectiveness).
Setting up of canopies at commercial places, market place and mall will certainly
show great results.
We cant afford to neglect the importance of ATL activities, they may not be as
effective but give information to a larger population creating a brand awareness. As
we have already seen, brand awareness has a significant association with customer
base. Print media presented a very poor show and vivo should reconsider its plans of
pouring in any significant amount of money in this media. Rather, that money should
wisely be used to set-up more number of Hoardings and banners.
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BIBLOGRAPHY
https://in.linkedin.com
http://www.vivo.co.in
http://www.vivoglobal.com
www.wikipedia.com
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