sales eureka forbes
TRANSCRIPT
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The direct marketing pioneer
Eureka Forbes
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A major policy change
*Focus more on retailing.*
*Availability of the products in retail outletsthrough a network of 2600 dealers
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Directsalespermits usto exploitonly the topend of themarket.:-SGoklaney(MD)
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1999
EEntering the bottledntering the bottledwater marketwater market
Electroluxs decisionElectroluxs decision
Analyst remarksAnalyst remarks
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evolution
*1913 Eureka launched six different models &offered add-ons for cleaning
floors,walls,upholstery & crevices
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*Due its growing popularity, it employed 5000salesmen & opened over 400 branches.
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Timeline
*1915: Grand Prize San FranciscoInternational Exposition.
*1929: no.1 vacuum cleaner company in theUS.
*1945: it was renamed as Eureka-Williams
*1974: Electrolux purchased Eureka-
Williams & changed its name back toEureka.
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1981: Eureka Forbes comes to India, joint venture with
FGL; Electrolux held 40% of the stake, the rest 60% washeld by FGL.
1982: introduces Euroclean; establishes subsidiary to
manufacture its products.
1985: established its dealer sales division1986: industrial sales division
1989: export division
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Eureka Forbes in India
Tried and tested strategy
Establishing the concept
The Eurochamps
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*The company advertised through various mediasources ;target segment- housewives.
*Introduced a sales force.
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Change of strategy dueto limited usage
*Change of advertisement from friendlysalesman" theme to a maidservant using the
vacuum cleaner*Consumer training drive
*A registered increase in 20% sales volume
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A relationship doesnot end with a sale.
It actually begins.
*24 hour -365 day virtual call center.
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*Implementation of B2E exercises
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service
*Annual maintenance contract
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*Mobile service van
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*Water labs
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*Exchange offers for the old customers
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Environmental status
*Spreading the awareness about the pollutionand its effects
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*Associations with TV channels such as NDTVand star news for the weather bulletinforecast
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*Free pollution control camps
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Future Prospects
*Diversified into bottled water
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*As a result of entering into the retail business
the company launched 'Tornado vacuumcleaners and Aquaflo water purifiers.
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*Undisputed market leader
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An everlasting story
*FGL buyouts Eureka forbes from Electroluxfor Rs 317.7 million.
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*Going Strong