Thursday, October 20, 2011

CRM in a Saree Shop

Dear Readers,

Hope you all doing fine, and thank you again for being so regular at my blogs, watching the viewer's number increase everyday is such a motivation. This blog deals with a recent experience i had at a saree store. A saree is an Indian Traditional wear wore by women all over India. This is holiday season here and ladies buy a lot of sarees for the festival of Diwali. So, i accompanied my mom to one of the most popular saree store in Kolkata, India, and what i saw there was amazing and I couldn't stop myself from sharing it with you all.

CRM as we know is Customer Relationship Management, this concept was introduced by Tesco and they made big money from it, but these Indian Saree shop keepers who have no MBA or diploma, they have mastered the art of CRM.
As we entered the store, the owner of the store, a fat elderly aged man came running to us and asked the salesman to let him {the owner} serve us, this was because we were old customers at his store and he wanted to serve us himself:  This is the first step, the owner is doing an awesome CRM by interacting himself with the loyal customers and not leaving us to his salesman.
Then the real fun begun, the way they flatter the ladies.. oomph factor is created, they pitch their proposal and compliment the ladies on every word they say. some of which were;
"this saree color goes so well with your amazing skin tone"
"this saree will automatically bring the photographers to you in a function"
"don't worry if you are short, the design here will make your legs tall"
"please have evening tea or coffee with us here (and he orders tea and snacks right away)"
"you have to promise that you will do your son's wedding shopping from here"
"this is Sabyasachi's latest design not yet discovered "
"if you get this piece anywhere else, i will gift it to you"
"just taken it out from the box, exclusive piece"
"this saree is meant to be wore by you only"
"let me wear it and show it to you!" Yes! they actually wear sarees and show how the drape would look.
(picture taken by me)


When my mom asked about the rates of the saree, guess what they say "Please don't worry about the rates madam, you just take it home and enjoy your purchase, did i ever ask you for the money" Now he knows very well that she will visit him again or he would send the bill to my father's office, this is because my mom would bargain the price but my father wouldn't. Doing this, this person makes an easy 2 to 3 lacs rupees every month, and during Diwali and wedding seasons, sky isn't the limit for them. And they don't really market their products, its all "word of mouth".

With India gradually becoming western these days, slowly and steadily the saree sales will be dropping as young ladies prefer another ethnic wear called "salwar suites" instead of sarees which would only be used in family events. These store owners don't leave any chance of managing their Customers and pamper them as they make sure, all the ladies who visit their store once, comes back again.

Cheers,
Akash Poddar
akashpoddar@live.com

Friday, October 14, 2011

What makes an Entrepreneur?

Hey guys,
It's been an amazing festive season here in Kolkata, India. Durga Puja was celebrated all over the city and was a huge hit. Moreover, we have entered in the final phase of our course at IIPM, Trimester IV is what they call and the placements season begins right now. Most of the students are sitting for placements from various B Schools all over, but a handful of rare species who are "starting up", this one is for them.

People ask me, Akash makes an entrepreneur? Do they havta be MBAs? How new is this concept? Let me try and give my opinions on this:

What makes an Entrepreneur?

  1. Who you are?
  2. What do you know?
  3. Whom do you know?
These 3 questions decide the fate on an entrepreneur. We don't look like aliens, we have the same mind, but all we care for is CASH! Remember, 

         "Profits are for accountants, Entrepreneurs love cash " 

It is the jest to create something out of nothing and make good money from it.

Well we know a lot of stuff, eyes and ears should always be open, the urge to discover and find out whats on has to be there all the time, because opportunities is always there, but we miss out on them frequently.

Whom do you know is about NETWORKING, meeting the right people, for the right reasons. They are found in popular clubs, social gatherings, cousin's weddings, uncle's anniversary party, college professors, everywhere. It is really important to know them and make them know about you.

MBAs and entrepreneurs don't think the same but their results are same, so all my friends who have done MBA and are about to "startup", please don't forget to unlearn some classroom lessons before you hit the boardrooms.

Cheers,
Akash Poddar