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Marketing & Branding |

Business & Strategy

 
By : chitra bannerjee, Consultant, Shining Consulting
Industry : FMCG/Foods/Beverage Functional Area : Branding
Activity:  10 comments  313 views  last activity : 05 11 2011 07:10:17 +0000
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The so-called customer care service of one of India ’s largest mobile phone operators regularly calls me, and then asks, “What’s your name, sir?” Their intention to perhaps offer additional services may be good, but their insensitivity is appalling. Having been their subscriber for the last 10 years, obviously I’m in no mood to reciprocate enthusiastically to reveal my identity.

This clearly demonstrates the tactlessness of companies who ignore per capita growth because market penetration possibilities is high in populous India. Running after new customers in new geographies is the quick-fix business expansion route. Do companies glance back to seal the existing customers’ emotional bond to the brand? Business houses relegate that job of acquiring emotional connect to television ads. Not on their priority agenda is the understanding of who the customer is.  Failure to connect to existing customers may shut the door of what business sustainability thrives on, the customer’s decisive, regular repeat purchase.

Your brand’s regular, repeat purchase can be extremely volatile as its dependent of the customer’s capricious decision. Unless the brand knows how to lock her in, she can move away at whim.

Irrespective of any buying cycle, your brand’s biggest danger is the infrequent buyer, lapser or those who swing at the last moment of purchase. This happens because industries pay scant attention to their customer eco-system. Businesses spend time in backend management, acquiring assets, but leave customer centricity to hypothetical presumption. Have they compulsively enquired, “Who is my customer? Why is she my customer? What is her social standing, family, health, education, earning and living condition?” Do businesses have pictures of their customer profile pasted on company walls to invite employees to become sensitive to them? Instead I’ve often seen paintings, company policies or HR initiatives on office walls. Poor infrastructure in India makes industries dependent on wholesalers who generate 40 to 60% sales. Traceability of this buyer is totally unknown.

Customer loyalty programs have become prevalent but transactional, gently bulldozing members to buy, not understand their psychological make-up. Going back to the mobile operator, the biggest ambition is to bundle offerings for winning the price war. On querying subscribers, I only hear of the best promotions, never talk on service quality.

You can read the complete article here -http://goo.gl/Quicx

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Chitra

 
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11 comments on "Decisive, regular repeat purchase makes a brand"
  Commented by  Rathin Deb, Freelance Retail Consultant    | 05 11 2011 07:10:17 +0000
Chitra I appreciate such a nice writing on the Brand as a whole.
  Commented by  SHRIKANT MANOHAR DANKE, Consultant, Project Management Consultancy Firm    | 05 04 2011 09:43:15 +0000
Thanks for giving such wonderful details of , "Brand".
Thanks for sharing Chitra & thanks for referral, Chitra & JAYANTA.
  Commented by  SHRIKANT MANOHAR DANKE, Consultant, Project Management Consultancy Firm    | 05 04 2011 09:43:01 +0000
Thanks for giving such wonderful details of , "Brand".
Thanks for sharing Chitra & thanks for referral, Chitra & JAYANTA.
  Commented by  SHRIKANT MANOHAR DANKE, Consultant, Project Management Consultancy Firm    | 05 04 2011 09:42:41 +0000
Thanks for giving such wonderful details of , "Brand".
Thanks for sharing Chitra & thanks for referral, Chitra & JAYANTA.
  Commented by  Namrata Pathak, Accounts Manager, American Express    | 05 04 2011 05:41:10 +0000
Thanks Chitra, nice insight...as always ..
  Commented by  manish kumar, SEO | Web-cms Developer | Freelancer-- shoot me an email, SEO | Web-cms Developer | Freelancer-- shoot me an email    | 05 04 2011 04:37:50 +0000
 "I only hear of the best promotions, never talk on service quality".thanks for this insight ma'am.:)
  Commented by  S. Muralidharan, Head, Project Planning/Strategy, Knowledge Foundation    | 05 03 2011 22:26:26 +0000
Repeat purchase require "Value Creation"!  If you attach a strong "value" to a "brand",  that should be customer-centric!  The brand owners should be large-hearted, should not undermine his business just to make windfall on circumstances!
  Commented by  NATTERAJA R. ARIKRISHNAN, AREA SALES MANGER, UNIFLEX CABLES LTD    | 05 03 2011 17:56:04 +0000
Thanks for sharing Mr.Virag Shah.
  Commented by  JAYANTA KUMAR BORAH, B.Tech/B.E.,fresher, Annamalai university    | 05 03 2011 17:51:31 +0000
A very good post maam...thanks for referring.
  Commented by  NATTERAJA R. ARIKRISHNAN, AREA SALES MANGER, UNIFLEX CABLES LTD    | 05 03 2011 17:49:20 +0000
Nice write up Ms.Chitra Bannerjee. 

The buying behavior is always changing like a pendulum oscillating here and there.  
  Commented by  Virag Shah, Office coordinator, Prince pharma pvt. ltd.    | 05 03 2011 10:35:44 +0000
Ms. Chitra, yes regular repeat purchase makes brand but not make brand equity. But i would like to more say about today's every product are became brand upto some extent level, majority all brand are repeat purchase on regular basis and for that different segments or group are available in market.

Before some year ago, it was made repeat purchase brand and at that time it was not competition. And we all know that todays market competition, many brand are available in market and even though local product is also a good local brand. People are more buy local brand as compared to national brand. 



So, my conclusion is that repeate purchase are makes brand, but we can not identify  because the repeat purchase brand lists are very long. We can say all majority brands are makes repeat purchase, due to healvy competition. Even day by day buyers taste, bbehavior etc are also changing. Consumer market analysis must require on regular interval. 


Thanks Ms.Chitra for such good article...
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