Embracing the Virtual Workforce: Remote Companies Hiring Now
Indiamart.com
1.
2. INDEX
Introduction
The company
The owner
Services provided
What does it sell
Working
Value preposition
Revenue model
Market share
The secret ingredient
3. Indiamart.com started as a directory of websites around Delhi-NCR
region , earlier known as InterMESH which started in 1996.
Indiamart is basically a website which connects :- 1)producer to
supplier
2) producer to producer
3)supplier to market
4) market to retailer
Indiamart is not a usual shopping or e-commerce website as it not only
provides usual services of a normal e-commerce website but also acts a
digital directory that acts a medium of communication between various
components of business cycle.
4. Rajiv aggarwal, founder of InterMESH and
subsequently Indiamart.com, is a 34 year old guy
who completed his engineering from Delhi.
After returning from the US in 1996, where he
worked as a net consultant with HCL Technologies,
Agarwal started InterMesh, a company that made
websites for Delhi-based companies like Nirula's.
He then created Indiamart, a website directory of
the sites that his company created.
He built Indiamart from scatch and took it to a
position where it is now.
5. services provided by the company
Indiamart.com is not only a web portal which helps to connect
various people in the chain from producers to consumers but
also gives following services:-
Creating a website for a company
Selling via indiamart.com
Providing various industrial usage products which even include
machine parts or other hardware product
Finding suppliers
Advertising ones company
Posting our requirements
Finding dealers
Finding suppliers
6. Indiamart basically sells everything available, as it doesn’t
contacts directly to final consumer, but it does deal in
almost everything as dealers and suppliers are willing to
expand there business with its help.
What does it sell ?
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12. How do they operate ? (working)
They have 75 offices across India where 3000 people work as
online operators and call centre employees.
Indiamart has its main office in Noida which houses the wrking of
500 people.
Suppliers can make their ID on the website and they are redirected
to their respective trade sectors and are met by their demands and
supplies.
Indiamart often works as a online auction room as a supplier can
contact many dealers and snatch the best deal.
Dealers and suppliers are often required to put up a online
catalogue of their needs and products.
13. Giving the best services
(value preposition)
Best in class staff
Best in class technology support
Rapid contancts
No need of dealing with final customers helping to reduce
unusual problems.
No need of searching for business manually
Advertising very easily
Can be used on smart phones or any other celluler device with a
internet connection
Launched an application on android as well as iOS
14. How do they earn ?
(revenue model)
They earn from
Advertisements
Suppliers and dealers who have ID on the website (subscription
amout)
From internet providing companies with the help of apps
People who visit the website for info of market prices and market
trend
Creating websites for consumers
15. Competing and winning
(market share)
Comparing with usual e-commerce companies is not useful as it a not a
consumer based website.
In 2003, things were different, back then, Indiamart listed 70,000
businesses, had 1,000 paid suppliers and generated business worth Rs
400 crore for its members. Today, it has 50 lakh buyers, 10 lakh registered
suppliers, including 50,000 paid customers.
It helps in doing a business of 10000 crores for its customers and on a
global level attracting business men and women from the whole country.
It amounts to almost 5% business done in India.
On the site are more than 6 lakh online catalogues, that lists 50 lakh
products in 75,000 product categories, and together, these numbers are
second only to Chinese B2B behemoth Alibaba.com. Indiamart generates
3.2 crore visits per month with 54 lakh unique visitors checking out the
website. Now the bottomline: members do business of Rs 10,000 crore-
plus through the marketplace every year.
16. Presenting themselves
(marketing strategies)
Indiamart has advertised itself in every medium possible, including print
media, web, television ads and official representatives.
Indiamart has appointed Irfan Khan, a star who is quite famous among
people of all age groups giving out a good cry for its products.
Indiamart and channel ETnow started Indiamart Leaders of Tomorrow
Awards for emerging entrepreneurs heliping them to establish
themselves in market and giving forward a good image.