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UNIT-III
RURAL MARKETING STRATEGIES
RURAL MARKET STRATEGIES
For rural market, it will be ideal to think of
strategies from the marketing mix point of view,
main strategies are related to
 product,
 price,
 place and
 promotion.
PRODUCT STRATEGIES
 Small unit and low priced packing
 New product designs
 Sturdy products
 Brand name
B. PRICING STRATEGIES
 Low cost/cheap products
 Avoid sophisticated packing
 Refill packs/reusable packaging
 Application of value engineering
C. DISTRIBUTION STRATEGIES
The distribution strategies that are specifically
designed for rural areas are: through
 co-operative societies,
 public distribution system,
 multi-purpose distribution centres,
 distribution up to feeder markets/ mandi towns
shanties/hat/ jathras / melas,
 agricultural input dealers etc.
D. PROMOTION STRATEGIES
 Mass media is a powerful medium of
communication. It could be television, cinema, print
media, radio and so on. The other means of mass
media available are hoardings/wall paintings,
shanties/hats/meals, non-price competition, special
campaigns etc. Besides these, other mass media
like hand bills and booklets, posters, stickers,
banners of the schemes etc
RURAL MARKETING MIX
 Product Decisions
 Pricing Decision
 Promotion Decisions
 Distribution
THE 4PS AND 4 AS OF RURAL
MARKETING
4Ps
1. Product
2. Pricing
3. Placement or Distribution
4. Promotion
THE 4AS OF RURAL MARKETING
1. Availability
2. Affordability
3. Acceptability
4. Awareness
PRODUCT LIFE CYCLE CONCEPT
STAGES OF THE PRODUCT LIFE CYCLE
The four major stages of the product life cycleare
as follows :-
 Introduction,
 Growth,
 Maturity, and
 Decline.
NEW PRODUCT DEVELOPMENT
Idea Generation
The first stage of the New Product Development is the
idea generation. Ideas come from everywhere, can be
of any form, and can be numerous. This stage involves
creating a large pool of ideas from various sources,
which include
 Internal sources – many companies give incentives to
their employees to come up with workable ideas.
 SWOT analysis – Company may review its strength,
weakness, opportunities and threats and come up with
a good feasible idea.
 Market research – Companies constantly reviews
the changing needs, wants, and trends in the market.
 Customers – Sometimes reviews and feedbacks from
the customers or even their ideas can help companies
generate new product ideas.
 Competition – Competitors SWOT analysis can help
the company generate ideas.
Idea Screening
Ideas can be many, but good ideas are few. This
second step of new product development involves
finding those good and feasible ideasand
discarding those which aren’t. Many factors play
a part here, these include –
 Company’s strength,
 Company’s weakness,
 Customer needs,
 Ongoing trends,
 Expected ROI,
 Affordability, etc.
CONCEPT DEVELOPMENT & TESTING
The third step of the new product development
includes concept development and testing. A
concept is a detailed strategy or blueprint version
of the idea. Basically, when an idea is developed in
every aspect so as to make it presentable, it is
called a concept. All the ideas that pass the
screening stage are turned into concepts for
testing purpose.
BUSINESS STRATEGY ANALYSIS &
DEVELOPMENT
The testing results help the business in coming up
with the final concept to be developed into a
product. Now that the business has a finalized
concept, it’s time for it to analyse and decide the
marketing and other business strategies that will be
used. Estimated product profitability is estimated,
marketing mix, and branding strategies are decided
for the product. Other important analytics includes
 Competition of the product
 Costs involved
 Pricing strategies
 Breakeven point, etc.
PRODUCT DEVELOPMENT
Once all the strategies are approved, the product
concept is transformed into an actual tangible
product. This development stage of New Product
Development results in building up of a prototype
or a limited production model. All the branding and
other strategies decided previously are tested and
applied in this stage.
TEST MARKETING
 Unlike concept testing, here the actual prototype is
introduced for research and feedback. Actual
customers feedback are taken and further
changes, if required, are made to the product.
This process is of utmost importance as it
validates the whole concept and makes the
company ready for the launch.
COMMERCIALIZATION
The product is ready, so should be the marketing
strategies. The marketing mix is now put to use.
The final decisions are to be made. Markets are
decided for the product to launch in. This stage
involves briefing different departments aboutthe
duties and targets. Every minor and major
decision is made before the final introduction
stage of the New Product Development.
RM-Unit -III.pptx

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RM-Unit -III.pptx

  • 2. RURAL MARKET STRATEGIES For rural market, it will be ideal to think of strategies from the marketing mix point of view, main strategies are related to  product,  price,  place and  promotion.
  • 3. PRODUCT STRATEGIES  Small unit and low priced packing  New product designs  Sturdy products  Brand name
  • 4. B. PRICING STRATEGIES  Low cost/cheap products  Avoid sophisticated packing  Refill packs/reusable packaging  Application of value engineering
  • 5. C. DISTRIBUTION STRATEGIES The distribution strategies that are specifically designed for rural areas are: through  co-operative societies,  public distribution system,  multi-purpose distribution centres,  distribution up to feeder markets/ mandi towns shanties/hat/ jathras / melas,  agricultural input dealers etc.
  • 6. D. PROMOTION STRATEGIES  Mass media is a powerful medium of communication. It could be television, cinema, print media, radio and so on. The other means of mass media available are hoardings/wall paintings, shanties/hats/meals, non-price competition, special campaigns etc. Besides these, other mass media like hand bills and booklets, posters, stickers, banners of the schemes etc
  • 7. RURAL MARKETING MIX  Product Decisions  Pricing Decision  Promotion Decisions  Distribution
  • 8. THE 4PS AND 4 AS OF RURAL MARKETING 4Ps 1. Product 2. Pricing 3. Placement or Distribution 4. Promotion
  • 9. THE 4AS OF RURAL MARKETING 1. Availability 2. Affordability 3. Acceptability 4. Awareness
  • 11. STAGES OF THE PRODUCT LIFE CYCLE The four major stages of the product life cycleare as follows :-  Introduction,  Growth,  Maturity, and  Decline.
  • 12. NEW PRODUCT DEVELOPMENT Idea Generation The first stage of the New Product Development is the idea generation. Ideas come from everywhere, can be of any form, and can be numerous. This stage involves creating a large pool of ideas from various sources, which include  Internal sources – many companies give incentives to their employees to come up with workable ideas.  SWOT analysis – Company may review its strength, weakness, opportunities and threats and come up with a good feasible idea.  Market research – Companies constantly reviews the changing needs, wants, and trends in the market.  Customers – Sometimes reviews and feedbacks from the customers or even their ideas can help companies generate new product ideas.  Competition – Competitors SWOT analysis can help the company generate ideas.
  • 13. Idea Screening Ideas can be many, but good ideas are few. This second step of new product development involves finding those good and feasible ideasand discarding those which aren’t. Many factors play a part here, these include –  Company’s strength,  Company’s weakness,  Customer needs,  Ongoing trends,  Expected ROI,  Affordability, etc.
  • 14. CONCEPT DEVELOPMENT & TESTING The third step of the new product development includes concept development and testing. A concept is a detailed strategy or blueprint version of the idea. Basically, when an idea is developed in every aspect so as to make it presentable, it is called a concept. All the ideas that pass the screening stage are turned into concepts for testing purpose.
  • 15. BUSINESS STRATEGY ANALYSIS & DEVELOPMENT The testing results help the business in coming up with the final concept to be developed into a product. Now that the business has a finalized concept, it’s time for it to analyse and decide the marketing and other business strategies that will be used. Estimated product profitability is estimated, marketing mix, and branding strategies are decided for the product. Other important analytics includes  Competition of the product  Costs involved  Pricing strategies  Breakeven point, etc.
  • 16. PRODUCT DEVELOPMENT Once all the strategies are approved, the product concept is transformed into an actual tangible product. This development stage of New Product Development results in building up of a prototype or a limited production model. All the branding and other strategies decided previously are tested and applied in this stage.
  • 17. TEST MARKETING  Unlike concept testing, here the actual prototype is introduced for research and feedback. Actual customers feedback are taken and further changes, if required, are made to the product. This process is of utmost importance as it validates the whole concept and makes the company ready for the launch.
  • 18. COMMERCIALIZATION The product is ready, so should be the marketing strategies. The marketing mix is now put to use. The final decisions are to be made. Markets are decided for the product to launch in. This stage involves briefing different departments aboutthe duties and targets. Every minor and major decision is made before the final introduction stage of the New Product Development.