This internship report summarizes market research done on retailers. Surveys were conducted with retailers in different areas to understand their response to new products, competitors' strategies, and demands in various localities. The surveys found that retailer responses varied depending on previous sales, ability to differentiate products, and demands in local areas. Competitors were found to aggressively promote their brands through advertising. In conclusion, some retailers were open to new products while others preferred maintaining existing relationships. Feedback suggested improving communication, providing incentives, and addressing limitations like decision-making processes and lack of time/information.
This internship report summarizes market research done on retailers. Surveys were conducted with retailers in different areas to understand their response to new products, competitors' strategies, and demands in various localities. The surveys found that retailer responses varied depending on previous sales, ability to differentiate products, and demands in local areas. Competitors were found to aggressively promote their brands through advertising. In conclusion, some retailers were open to new products while others preferred maintaining existing relationships. Feedback suggested improving communication, providing incentives, and addressing limitations like decision-making processes and lack of time/information.
This internship report summarizes market research done on retailers. Surveys were conducted with retailers in different areas to understand their response to new products, competitors' strategies, and demands in various localities. The surveys found that retailer responses varied depending on previous sales, ability to differentiate products, and demands in local areas. Competitors were found to aggressively promote their brands through advertising. In conclusion, some retailers were open to new products while others preferred maintaining existing relationships. Feedback suggested improving communication, providing incentives, and addressing limitations like decision-making processes and lack of time/information.
This internship report summarizes market research done on retailers. Surveys were conducted with retailers in different areas to understand their response to new products, competitors' strategies, and demands in various localities. The surveys found that retailer responses varied depending on previous sales, ability to differentiate products, and demands in local areas. Competitors were found to aggressively promote their brands through advertising. In conclusion, some retailers were open to new products while others preferred maintaining existing relationships. Feedback suggested improving communication, providing incentives, and addressing limitations like decision-making processes and lack of time/information.
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Internship Report
on Analysis of Market Retailers
By:
LBSIMT, Bareilly Interns
Observation & Feedback Research Objectives Retailers Survey Area Analysis Table Of Market Response
Contents Competitors Strategies
Conclusion Feedback Limitations As compare to the competitors products, we have used different types of products that Homtop offers and have a great experience using the products and homtop offers better type of quality in compare to their competitors, if not, same. Observation Reviews that we’ve got from our family members are as & follows: Feedback • Comparatively Low-price. • Offers the same quality as compare to market leader. • Great Deals on every Products. • More Quantity as compare to Other Brands. We’ve done several activities major of which are Surveys of Retailers, because we have to analyze the different areas and retailers response for new products in the market and get the best opinion out of consumers . Sales is one of a part for which we have to do surveys at different areas by which we can get the best option for increasing the sales Research output for company. Objectives Other Objectives are: Sales Advertisement Marketing Hiring Event Planning Retailers have a mix response according to several factors: • Area Sales • Customer Response • Competitors Brands Reach • Profit Margin on Competitors Products Retailer • Reach of Retailers around Localities Surveys • Demand of Products at retailer in different areas • Response of new products in the market Every area have different types of consumers who have various aspects regarding new products such as: Low Demand New Product demand Area Analysis Competitors Product demands Previous Response of new product Customer feedback of new products Response of product depends upon previous sales made by Sales team which gives us room to introduce the product to the retailers. Retailer’s response categories are as follows: Market • Not Very Much in Demand
Response • Product quality are not fully mark able by consumers
• Previous Sales team doesn’t initiate in re-order of products • Some retailers are not able to differentiate between the product. Competitors are targeting and capturing audience through aggressive advertisement and digital media leverage.
Competitors They have their consumers as a brand promoters.
Strategies Live demo of products at very big scale.
Increase the reach of the product without defaming competitors brands.
People in the market, some of them want to promote a new upcoming brand but some of them don’t , people in the market are ready to answer the survey without any hesitation and are willing to start a new business relationship with the company. Retailers are ok in answering the survey but ended up not interested in order to sell the products Conclusion Some people who don’t even want to answer the survey and continue to conduct there business without any difficulties or don’t want to accept the challenges comes with the business. While doing research, performing several surveys for every departments of Homtop so that they can easily perform for future activities. Events need to be performed at monthly basis. Feedback Surveys/ Reiki to be done on quarterly or half-yearly basis. Pitch Line need to be prepared. Proper Induction and follow up trainings should be schedule periodically. 1. Vague communication 2. Decision Making Process Limitations 3. 4. Incentives Lack Of time 5. Lack Of Information THANK YOU