2024
Vol 8, No 1 (2024): The Effectiveness of Multichannel Marketing in Sales Growth
Author : Nisha Gupta
Abstract : Multichannel marketing has become an essential strategy for businesses aiming to reach a broader audience and drive sales growth. This paper examines the effectiveness of multichannel marketing in achieving sales objectives, focusing on the integration of various marketing channels, such as online, offline, social media, and email marketing. The study analyzes the impact of a cohesive multichannel marketing approach on customer acquisition, retention, and sales performance. Through case studies and empirical data, the paper provides insights into best practices for implementing multichannel marketing strategies. The findings highlight the importance of a synchronized marketing approach that leverages multiple channels to maximize reach and sales impact.
Keywords : Multichannel Marketing, Sales Growth, Customer Acquisition, Retention, Marketing Channels
Vol 8, No 1 (2024): Enhancing Sales Forecasting Accuracy through Data Analytics
Authors : Ramesh Singh , Neeta Sharma
Abstract : Accurate sales forecasting is crucial for effective sales management and strategic planning. This paper explores the role of data analytics in enhancing the accuracy of sales forecasts. By leveraging advanced analytical techniques, such as predictive modeling, machine learning, and big data analysis, businesses can gain deeper insights into sales trends and patterns. The study reviews various data analytics tools and their applications in sales forecasting, highlighting the benefits of data-driven decision-making. Additionally, the paper discusses the challenges and best practices for implementing data analytics in sales forecasting. The research findings emphasize the importance of integrating data analytics into sales processes to improve forecast accuracy and drive better business outcomes.
Keywords : Sales Forecasting, Data Analytics, Predictive Modeling, Machine Learning, Big Data
Vol 8, No 1 (2024): Analyzing the Role of Social Media in Modern Sales Management
Author : Amit Choudhury
Abstract : Social media has transformed the landscape of sales management, providing businesses with new avenues to engage customers, build brand awareness, and drive sales. This paper investigates the role of social media platforms in modern sales strategies, focusing on how businesses leverage these platforms to enhance their sales efforts. The study examines various social media tools, such as Facebook, Twitter, LinkedIn, and Instagram, and their impact on sales performance. Through a combination of qualitative and quantitative research methods, including surveys and case studies, the paper offers a comprehensive understanding of the benefits and challenges associated with social media in sales management. The findings highlight the importance of a strategic social media presence in achieving sales objectives.
Keywords : Social Media, Sales Management, Brand Awareness, Customer Engagement, Sales Strategies
Vol 8, No 1 (2024): The Impact of Customer Relationship Management on Sales Effectiveness
Author : Neeta Joshi
Abstract : Customer Relationship Management (CRM) systems have revolutionized the way businesses manage their interactions with customers, leading to improved sales effectiveness. This paper explores the various facets of CRM, including data collection, customer segmentation, personalized marketing, and sales automation. By analyzing the implementation and outcomes of CRM systems in different industries, the study assesses the direct and indirect benefits of CRM on sales processes. The paper also addresses common challenges and best practices for CRM adoption. The insights garnered from this research provide valuable guidance for businesses aiming to enhance their customer relationships and drive sales growth through effective CRM strategies
Keywords : CRM, Sales Effectiveness, Customer Segmentation, Sales Automation, Personalized Marketing
Vol 8, No 1 (2024): Integrating Digital Marketing Strategies for Enhanced Sales Performance
Authors : Amit Verma
Abstract :In the rapidly evolving landscape of digital marketing, integrating digital marketing strategies has become a pivotal aspect for businesses aiming to enhance their sales performance. This paper delves into various digital marketing tools and techniques, analyzing their impact on sales outcomes. The study encompasses a comprehensive review of current digital marketing trends, such as search engine optimization (SEO), content marketing, social media marketing, and email marketing, and their effectiveness in driving sales growth. By examining case studies and industry reports, this paper aims to provide actionable insights for marketing professionals to optimize their digital strategies. The findings underscore the significance of a cohesive digital marketing plan that aligns with sales objectives, ultimately leading to increased revenue and market share.
Keywords : Digital Marketing, Sales Performance, SEO, Social Media, Content Marketing
2021
Vol 5, No 2 (2021): Integrated Marketing Communication: A Strategic Model for Bottom of the Pyramid Markets
Author: Mr. Lalit Tank
Abstract: The rural market is an area of darkness to Indian entrepreneurs, an area, where communication is poor and the population poorer because their operations are small scale and inadequate. The Indian rural population has an estimated number of 120 million households, which is more than 70 percent of the total households of country. Even a fraction of the rural consumer is a big market to generate enough revenues and profits for organizations. In India the bottom of the pyramid is the largest, but poorest socio-economic group. In global terms, this is the four billion people who live on less than $2 per day, typically in developing countries (C.K. Prahalad 2006). Bottom of the pyramid includes parties like Private enterprise, civil society organizations and Local government, Development and aid agencies, BOP consumers, BOP entrepreneurs. This paper concentrates on IMC Bottom of the pyramid markets, i.e. Indian rural Markets.
A lot of thrust is being given to marketing strategies for rural markets, especially distribution aspects; little is being talked about the communication strategies required there. Because of regional disparities, there is a need of customized communication strategies for each region. With a specific communication tool, it is very difficult to create awareness or knowledge in the minds of rural consumers. There is a need of Integrating Marketing Communications (IMC) to provide clarity, consistency and maximum gives insights on a strategic IMC model which is developed by using response hierarchy model. This model depicts the stages a consumer may pass through in moving from a state of not being aware of a company, product or brand, to actual purchase behaviour. The rural marketer has to select different Medias in the different stages to carry integrated marketing communication of the organization. The challenge in rural markets is to create communication that would help the rural consumer in recognizing brands, logos, visuals and colours. IMC model in rural marketing calls for a centralized messaging function so that everything a company says and does communicates in rural markets have a common theme and position.
Keywords: Integrated Marketing communication (IMC), Bottom of the Pyramid Markets (BOP Markets), Rural consumer, Rural markets, Rural marketers, Communication, Rural communication, Rural communication, communication strategies.
2023
Vol 7, No 2 (2023): Utilizing Technology to Stay Ahead of Industry Trends
Authors: Shweta Mishra, Rahul Gupta, Aman Tyagi
Abstract: In the rapidly evolving landscape of today's industries, staying ahead of trends is crucial for maintaining competitiveness and achieving sustainable growth. This paper explores the role of technology in aiding businesses to anticipate, adapt to, and leverage emerging trends. Through the integration of various technological tools and strategies, organizations can not only stay abreast of industry developments but also proactively position themselves for success. This paper includes tables to illustrate key technologies and their applications in trend analysis and implementation.
Keywords: Technology, Industry Trends, Big Data Analytics, Artificial Intelligence, Internet of Things (IoT), Blockchain, Competitive Advantage, Trend Analysis, Data Security, Privacy.
Vol 7, No 2 (2023): The Role of Agility in Sales Management in the Face of Market Uncertainties
Author: Renuka Mishra
Abstract: In the dynamic landscape of today's business environment, market uncertainties pose significant challenges to sales management. This paper explores the critical role of agility in sales management and its impact on navigating uncertainties. We delve into the strategies and practices that foster agility, emphasizing their contribution to organizational resilience and success. Additionally, we present empirical evidence and case studies, complemented by illustrative tables, to support our arguments.
Keywords: Agility, Sales management, Market uncertainties, Adaptive strategies, Organizational resilience, Cross-functional teams, Continuous training, Data analytics, Customer feedback loops.
2024
Vol 7, No 2 (2024): Leveraging CRM Data for Sales Strategy and Decision-Making
Authors: Akash Patra, Santosh Das
Abstract: Customer Relationship Management (CRM) systems have become integral tools for businesses seeking to manage and optimize their interactions with customers. This paper explores the significance of leveraging CRM data in developing effective sales strategies and making informed decisions. By analyzing and interpreting CRM data, organizations can gain valuable insights into customer behavior, preferences, and trends, ultimately enhancing their sales processes. This paper also presents case studies and practical examples to illustrate the tangible benefits of integrating CRM data into sales strategy development.
Keywords: CRM data, Sales strategy, Customer segmentation, Lead scoring, Personalization, Cross-selling, Upselling, Sales funnel optimization, Sales forecasting, Case studies, Data quality, Data security.
2023
Vol 7, No 2 (2023): Continuous Learning and Development for Sales Professionals: Strategies and Impact
Author: Dr. Ravi Pillai
Abstract: In today's dynamic business environment, the role of sales professionals is evolving rapidly. Continuous learning and development have become indispensable for staying competitive and achieving sustained success in the sales industry. This paper explores various strategies for implementing effective continuous learning programs for sales professionals, emphasizing the impact of such initiatives on individual and team performance. Additionally, tables are provided to illustrate key elements and outcomes associated with continuous learning in sales.
Keywords:Continuous learning, Sales professionals, Sales management, eLearning platforms, Sales performance metrics, Customer satisfaction, Adaptability, Measurement of effectiveness, Challenges.
Vol 7, No 2 (2023): Balancing Workload and Maximizing Sales Opportunities in Territory Management
Author: Mayank Aggarwal
Abstract: Effective territory management is crucial for businesses to optimize sales opportunities and ensure a balanced workload for sales teams. This paper explores strategies for achieving this delicate balance, emphasizing the importance of data-driven decision-making. The inclusion of tables provides visual representations of key concepts and practical applications, aiding in the understanding and implementation of these strategies.
Keywords: Territory Management, Workload Balancing, Sales Opportunities, Data-Driven Decision Making, Key Performance Indicators (KPIs), Sales Metrics, Market Analysis, Competitor Analysis.
Vol 7, No 1 (2023): Ethical Considerations in Marketing
Authors: Parul Gupta, Shweta Tiwari, Gunjan Pandey
Abstract: This review paper examines the importance of ethical considerations in marketing and its implications for businesses and consumers. The paper explores the ethical challenges faced by marketers, the consequences of unethical marketing practices, and the ethical decision-making process in marketing. Furthermore, it discusses emerging ethical challenges in the field and strategies to promote ethical marketing practices. Additionally, case studies highlighting both ethical marketing successes and failures are presented. The paper concludes with a call for businesses to prioritize ethical considerations in their marketing efforts, ultimately benefiting both the organizations and society as a whole.
Keywords: ethical marketing, marketing ethics, ethical considerations, consequences, decision-making, emerging challenges, promoting ethics, case studies
Vol 7, No 1 (2023): Consumer Attitude towards Aavin Milk Packed in Coimbatore City
Authors:  Hari Krishnan.V, Hariharan. S
Abstract: Tamil Nadu is the one of the tenth largest milk producing state in India. The goal of the study is to know the consumers behavior towards Aavin milk. The main objective of this study is to find out the prominent reason on consumer satisfaction towards Aavin milk. To identify the factors influencing the level of satisfaction  towards Aavin milk. To identify the problems faced by the consumer while using Aavin milk. Tools used in this project is simple percentage analysis. Some of the consumers suggestion is to improve the packaging of the Aavin milk. Most of the customers suggestion is to reduce the price of the Aavin milk products. From this study it is concluded that most of the consumer are satisfied with Aavin milk. From various respondents the research has gathered lot of information’s about Aavin milk. The data shows the consumer buy the Aavin milk for its quality, purity, and taste.
Keywords: Milk purchasing, Consumer buying behavior.
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Vol 7, No 1 (2023): Conjoint Analysis of Buyers’ Behaviour towards Instant Food Products
Authors :Â Â Dr. Komal Rawat
Abstract: Human wants are endless; the process of searching, selecting, purchasing and using the good and services for meeting the unlimited wants is considered as buyer behavior. The buyer behavior shows the actions and response of buyer towards a product. The study is an attempt to unearth the conjoint analysis of consumer behavior for instant food. Efforts were also made to study the factors influencing the buyer behavior for instant food. Snacks & Savories, Instant Meals and Beverages are the three categories on which this study is based. The present research helps to identify the most demanded instant food and correlate with buyers’ behavior. The study finds that age has no impact on buying preference for instant food whereas gender, nature of family and occupation has a positive impact. It concludes that buying preference for instant meals has more consistency as compared to beverages and snacks & savories and staying out (.992), motivation (.987), ready to serve (.986), size (.962) and brand availability (.968) are important variables influencing buyers’ behavior for instant food.
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Keywords: Buyer behavior, Instant food, conjoint analysis, Snacks & savories, Instant meals, Beverages and buying preference.
Vol 7, No 1 (2023): Impact of CSR Spending on the Financial Performance of Selected Companies: An Empirical Analysis
Authors :Â Tanoj Mondal
Abstract:Â Corporate Social Responsibility (CSR) has grown attention over the past few decades because a company's long-term survival and growth depend on how well it benefits society. This study uses appropriate parameters to evaluate how actual CSR spending affects the firm's financial performance. For this study, three variables are considered- dependent variables are Return on Capital (ROC) & Profit after Tax (PAT) and an independent variable is Actual Corporate Social Responsibility (ACSR) spending. The results of Panel Regression (Fixed Effect Model for the First Hypothesis and Random Effect Model for the Second Hypothesis) indicate that in a mandatory CSR regime, actual CSR spending has a positive impact on current ROC and PAT. The study's results also indicate that they play a significant influence in positively impacting financial performance, even in a mandatory setting.
Keywords: Â Return on Capital, Corporate Social Responsibility, Profit after Tax, FEM, REM.
Vol 7, No 1 (2023): ‘OTT’–A Platform for Digital Marketing
Authors:Â Dr. I. Prabha, Dr. S. Soniya
Abstract:Â Today we are going through a period of lock-down which the people of India have never seen before, for such a long time. In such a situation, in the era of this technology and the Internet, anyone likes to spend their free time in front of the digital screen, where they have many options to see. The ever-increasing viewership of the OTT video streaming services and the big star's inclination towards this platform justifies this. Today, the time we spent looking at our screens has increased immensely. As the cinema halls shut and film release has been suspended amid nationwide, this technological shift by internet has created a new kind of viewing experience and that might end up changing the collective movie watching experience in cinema hall which result in dent in the footfall whenever the screens open again. This change in viewing experience created by OTT has a greatest fear for cinema hall owners. This thesis explore tries to analyse the impact of increasing OTT video streaming services viewership in lockdown to assess the future of collective watching experience in India. It frames the attitude of Indian people towards cinema hall through assessing different vantage points that mark shift in watching experience. At the end it gives the, recommendation contextualized the immensely increasing OTT viewership during lock down and its resultant effects on the collective watching experience.
Keywords: OTT platform and Viewers perception
2022
Vol 6, No 2 (2022): Advantageous Thinking for the Future of the Stock Market
Authors:-Â Anamika Bhomik, Dr. Kajal Rastogi
Abstract:-Â The stock market puzzle refers to the reality that many people, despite historical proof of a favourable return on investment, fail to purchase equities. However, subjective likelihood of gain assessments demonstrate that people are more pessimistic than historical results would imply. Furthermore, predictions of future stock price increases appear to be based on outdated knowledge, which appears to contradict rational expectations in the setting of efficient markets. To shed light on these seeming inconsistencies, I used a few Indian instances to demonstrate the influence of investor psychology in urban and semi-urban areas on the equities market.
Keywords:-Â Stock market, Perception, Make in India, Indian Markets
Vol 6, No 2 (2022): The Marketing Mix for Services: An Analytical Look
Authors:-Â Dr. Rushabh Javeri, Ridesh Gujral
Abstract:- Marketing mix is the most elementary concept of marketing which is a set of convenient marketing tools that an organization uses to create a craved reaction in the targeted market. This is the essential elements of a marketing strategy and as a way of translating marketing planning into practice. Conversely, while managing the services, 3 more P’s namely process, people and physical evidence plays a vital role. Service Organization can take the benefit by adopting the 7 P’s. The article assesses the current standing of the 4Ps Marketing Mix framework as the dominant marketing management paradigm followed by contemporary perspective of service marketing mix and its significance in retail industry. The article also attempts to develop an understanding on the traditional and extended elements of marketing mix. Lastly the article is concluded with the discussion on the strengths and weakness of 4ps’ and 7ps’.
Keywords:- Marketing Mix, 4p’s, 7p’s, Retail Industry, Service Marketing
Vol 6, No 2 (2022): Analysis and Predictions of the Stock Market
Authors:-Â Preetam Choudhary, Sangeeta Shukla
Abstract:-Â A stock market, equity market, or share market is the gathering of buyers and sellers (a loose network of economic transactions rather than a physical facility or discrete entity) of stocks (also known as shares), which represent ownership claims on businesses; these may include securities listed on a public stock exchange as well as those only traded privately. The analysis of these stocks' volume changes has always been crucial. A significant amount of money is put on understanding the nature of stock and predicting its movements. Our goal is to evaluate and anticipate the stocks of numerous firms targeting any one stock market utilising a basic yet effective set of algorithms. We seek to give more and more accurate predictions since they can aid investors by giving insight.
Keywords:-Â Equity, Stock Market, Public Stock, Shares
Vol 6, No 2 (2022): An Investigation of the Product Development Process, Indian Consumers, and the Sales of Fragrance Goods Produced by a Ne
Authors:-Â Piyali Mondal, Drashti Thakkar, Rahul Mirashi
Abstract:-Â The goal of this paper is to depict the product development process in a perfume startup company as well as the commercial opportunities for new entrants into the Indian Fragrance Market. It assists in understanding current perfume trends and demand, which is required for producing a successful fragrance product. It emphasises that people prefer strong perfume oils over body sprays and EDTs. This survey also depicted consumer reactions and attitudes about new brand items, as well as their expectations from smell products.
Keywords:-Â Concentrated Oils, Perfume, Fragrances, Consumer, Product
Vol 6, No 2 (2022): The Impact of Sensory Branding on the Intention of Customers to Make a Purchase
Authors:-Â Saurabh Divate, Atul Vaidya, Hemant Jha
Abstract:-Â Marketing practitioners and scholars are paying greater attention to sensory branding than to traditional marketing. This study investigated the notion of sensory branding in order to determine its impact on customer purchase intentions. A total of 180 management students were separated into six groups, five of which were treated with visual, auditory, olfactory, gustative, and tactile noodle sensations, with one group of students exposed to only one type of experience. To assess the influence of each experience against the control group, a group without treatment was employed as a control group. The results revealed that smell and taste were very important factors, sound and sight were somewhat significant factors, and touch was inconsequential in influencing noodles purchasing intention.
Keywords:-Â Sensory Branding, Experimental Research, Purchase Intention, Noodles
Vol 6, No 2 (2022): Consumer Behavior towards Green and Eco-Friendly Products
Authors:-Â Dr. Kritika, Dr. Anand Prakash, Aditi
Abstract:- With the growth of the economy there is also an increase in the consumption pattern all across the world. Due to this excess consumption, economy is being severely exploited. This also resulted in the various environmental problems like: Loss of biodiversity and ozone depletion which ultimately become a reason of people concern and sparked the green movement for the protection of the environment. Even in India the demand for the green product is rapidly increasing because of the consumers concern for the environment. The present study is about the “Consumer Behavior towards Green Productâ€. The present study aims to identify the relation or association between the factors that affect the consumers’ behavior for green products. For this purpose convenience sampling method was used and primary data were collected from the 40 respondents through online questionnaire containing close-ended questions.
Keywords:-Â Green product, Consumer behavior, Environment, Environment friendly.
Vol 6, No 1 (2022): Sales Promotion's Influence on Fast-Moving Consumer Goods Products and Its Effects on Sales
Authors:-Â Deepak Kumar, Pankaj Bhardwaj, Ankit Singh
Abstract:-Â To advertise their products and services through its salesperson, every firm requires sales promotion and distribution. In today's industry, sales promotion and distribution are critical. So it is critical to understand how far these promotional activities are instilling brand awareness in the minds of customers and persuading them to purchase products and services, as well as the need to improve the quality, innovation, and use of technology in distribution and sales promotions. The study's major goal is to investigate FMCG firms' advertising and promotional tactics for the service offered, as well as to find the most successful sales promotion approach for chosen items promoted by the companies. A sample of 150 respondents was collected for this purpose, and percentage analysis, mean rank, and chi square were used as statistical tools to analyse the data. The conclusion is that the companies have a reach towards the advertisements they make, but some effective measures must be taken by them to make the advertisements more effective in the future.
Keywords:-Â FMCG products, Sales Promotion and Distribution, Effect on Sales
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Vol 6, No 1 (2022): A Case Study on the Effectiveness of Internet Marketing Activity With Regard to Amazon
Authors:-Â Dr. D. Manikandavelu, Ambika Binesh
Abstract:-Â In this digital age, marketers confront new difficulties and possibilities. Marketers utilise electronic media to promote items or services in the market through digital marketing. The primary goal of digital marketing is to attract customers and provide them with opportunities to connect with the company via digital media. This article discusses the significance of digital marketing for both merchants and buyers. Let's look at how digital marketing affects corporate sales. This document also discusses the contrasts between conventional marketing and digital marketing. This research explored several types of digital marketing, their efficacy, and their impact on corporate sales. The sample investigated consisted of 150 enterprises and 50 executives who were chosen at random to assess the effectiveness of digital marketing. The obtained data was evaluated using various statistical tools and approaches.
Keywords:-Â Marketers, Internet Marketing, merchants and buyers
Vol 6, No 1 (2022): Tea Marketing in Tamilnadu: Perceptions of the Influencing Factors
Authors:-Â K. Karuppasamy, Mahadevi , Dr. V. Ezhilarasi
Abstract:-Â Marketing is the act of selling goods and services to customers. Respondents advertise tea in a number of ways. Because goods must be sold as quickly as they are manufactured in order to satisfy the production target. Sales delays pose a plethora of financial and other issues for manufacturers. Tea is disseminated in a variety of ways. The many sales methods and qualities related with Tea marketing are identified, and attitudes toward each component are investigated.
Keywords:-Â Retailers, Marketing, Agriculture, Medium Farmers, Commission Agents,