project imc a grp5 campaign analysis of redbus

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  • 7/22/2019 Project IMC a Grp5 Campaign Analysis of Redbus

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    INTEGRATED MARKETING COMMUNICATIONPROJECT

    Submitted by:

    Group 5, IMC A

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    Introduction

    Online bus ticket aggregator Gave birth to online bus ticketing industry in India in 2006

    2nd highest transacted travel website in the country, next only

    to IRCTC

    Their bus ticketing platform supports: 1,200 bus operators from 24 states

    Road Transport Corporations of 5 states

    10,000 travel agents use RedbussSeatSeller, an inventory distributionplatform for agents to sell bus tickets

    Even the competitors- MakeMyTrip, Expedia, Yatra, Cleartrip &via.com use Redbuss engine on their bus ticketing platform & sharerevenues with Redbus for every ticket booked

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    Timeline Aug 2006: redBus.in was launched with a capital of Rs 5,00,000 and five seats from a

    single operator

    Feb 2007: redBus raised its first round of funding of $1 million (Rs 3 crore) fromSeedFund and undisclosed investors

    July 2009: redBus raised $2.5 million from Inventus Capital Partners, Seed Fund andother unnamed investors. Of this, SeedFund had invested $700,000 in the company

    August 2009: redBus launches its Software as a service product for bus operatorscalled BOSS (Bus Operator Software Services), which now allows bus operators tomanage their inventory in real time as well as manage bus schedules

    May 2011: redBus raised $6.5 million from Helion Venture Partners, Inventus Capitaland Seedfund

    June 2012: redBus claims to have broke even sometime in 2011 and is profitable

    August 2012: redBus inks a strategic partnership with the online travel agent ExpediaIndia, to offer bus ticket booking service on Expedia website

    March 2013: redBus launches real-time bus tracking on its portal, in partnershipwith YourBus and Asset Tracker which provides in-bus GPS tracking solution.

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    Products

    B2B Products

    BOSS Cloud based Inventory management solution for bus-operators

    Provided as Software as a Service (SaaS) through internet

    Seat-Seller Cloud based Inventory(seat) distribution system for travel-agents

    Provided as Software as a Service (SaaS) through internet

    B2C Product

    Redbus.in web portal Customers can directly purchase bus tickets using this website,

    from the comfort of their home

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    Business Model

    Bus Traveller

    Bus Traveller

    Bus Traveller

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    Revenue ModelCommission on tickets sold using Redbussticketing platform:

    In case of BOSS Commission of 1% on every ticket sold by the operator

    In case of SeatSeller

    Commission of 1-5% from travel agents

    In case of Redbus website 10% commission on every ticket sold

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    Segmentation

    Customer RedbussProduct/Service used

    Bus-operators Using Redbuss cloud based software service BOSS tomanage their inventory of seats

    Travel-agents Using Redbuss cloud based service Seat Seller to gainaccess to more operators, increasing their inventory ofseats

    State GovernmentRoad Transport

    Corporations

    Using Redbuss cloud based software service BOSS forefficient inventory management and to create their own

    Internet Ticketing PortalSome Competitor

    Travel portalsUsing Redbusscloud based software service SeatSellerto sell bus tickets through their websites

    Bus Travellers Using Redbus.in web-portal to book bus tickets from thecomfort of their home, no need to run from one ticket agent

    to another

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    Positioning & Image Bus Ticketing Company

    Tickets can be booked through Internet, Mobile, Call centers,Offline outlets

    In the minds of consumer First to offer the comprehensive bus ticketing service

    Goodwill measures helped in maintaining loyal customer

    base Eg. Helping customer to reach to the destination in the event of

    cancellation of bus

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    Market Performance

    Monopoly in the bus ticketing market in India 65 per cent market share

    Issued 12 million bus tickets a year, with a gross merchandise value(GMV) of around Rs 600 crore in FY 13

    Growth rate of 100% every month since inception

    FY

    13

    FY

    12

    FY

    11

    Revenue

    (in Rs. Crore)

    55 32.9 12.1

    Profit(in Rs. Crore)

    2 0.6 (3.2)

    Profitable for the first time

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    Competitors Analysis

    Bus Ticketing Segment

    MakeMyTrip (acquired Ticketwala in 2010)

    Yatra.com

    Via.com

    Travel Yaari

    Ticket Goose

    Communication Expenditure

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    What changed in 2013 ?

    Acquired by South African media giant Naspers throughits Indian subsidiary, ibiboGroup, for around $120 million(around Rs 790 crore today) on June 21, 2013

    Offline Advertising began (First TVC launched) Earlier redbus relied on word-of-mouth

    Digital marketing only

    Aggresive Promotion Campaigns

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    Social Media Campaign Analysis: What Happens Next?

    Objective

    Keep Redbus in Spotlight

    Projecting bus journey in a newlight

    Inculcate the thought that busjourney could be fun & interesting

    Execution

    Video-based Campaign

    Revolved around a coupon- Raj &Simran

    Subsequent updates to keeppeople interested

    Positives

    Smart move to pick Raj & Simranas central characters

    Epitomized Romance & peoplecould easily identify with

    Prize of 5 Samsung GalaxySmartphones were attractive

    Scope For Improvement

    Youtube could have beenused, since it was a videocampaign

    Offline integration with

    social media platform

    http://www.socialsamosa.com/2013/10/social-media-campaign-review-what-happens-next-video-campaign-redbus/redbus-2/http://www.socialsamosa.com/2013/10/social-media-campaign-review-what-happens-next-video-campaign-redbus/redbus-3/http://www.socialsamosa.com/wp-content/uploads/2013/10/redbus.png
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    Animated Television Campaign by Redbus.inMessage: When you gotta go, you gotta go

    Company Objective: Grow the category by converting offline ticket buyers toredBus.in & its Call-&-Book service customers

    Creating mass awareness and dramatically increasing traffic for redBus,

    through a differentiated positioning for the brand.

    Primary Insight: All bus journeys are unplanned, unavoidable and last-minute

    There are some moments in life that just cant be missed,

    Diwali celebrations at home, the birth of a grandchild, yearning for moms

    most delicious dish.

    And nothing should come in between them and their travelnot an employer, notwork and certainly not the lack of a transport service.

    From this thought came the punchline When you gotta go, you gotta go

    http://www.bestmediainfo.com/wp-content/uploads/2013/07/redbus-tvc.jpg
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    Animated Television Campaign: Our Analysis

    Positives

    Used Simple and easy-to-relate to situations Clutter-breaking execution

    Campaign is smartly executed during festive and vacation season

    TVCs will be shown in regional channels also

    Ads made in achromatic mode except the redBus.in logo.

    The main idea was to show compelling and unavoidable situations when

    people simply have to go Ads showcase the expertise of redBus.in in situations when its difficult to

    get last-minute tickets

    Baby-Ad Meen-Curry Ad Re-Union Ad

    Shows ease and

    choice of booking

    tickets

    Shows mobile

    application platform

    of the websites

    Shows the ratings

    and comments page

    of the website

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    References http://www.redbus.in http://www.business-standard.com/article/companies/redbus-journey-

    a-road-less-taken-113092500619_1.html http://www.medianama.com/2013/06/223-redbus-naspers-ibibo-fy12-

    multiples-shareholding/

    http://techcircle.vccircle.com/2013/06/21/south-african-naspers-ibibogroup-acquires-redbus-in/ http://techcircle.vccircle.com/2012/07/17/redbus-is-profitable-online-

    bus-ticketing-as-a-standalone-biz-is-sustainable-phanindra-sama/ http://ajc.sagepub.com/content/8/2/171.abstract http://forbesindia.com/printcontent/32382

    http://www.seedfund.in/redBus-Naspers-Deal%20annoucement.pdf http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-

    india-but-thats-not-what-makes-them-special/ http://www.rediff.com/business/slide-show/slide-show-1-the-secret-

    behind-redbus-success-story/20130927.htm

    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ominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://techcrunch.com/2013/02/21/redbus-continues-to-dominate-in-india-but-thats-not-what-makes-them-special/http://www.seedfund.in/redBus-Naspers-Deal%20annoucement.pdfhttp://www.seedfund.in/redBus-Naspers-Deal%20annoucement.pdfhttp://www.seedfund.in/redBus-Naspers-Deal%20annoucement.pdfhttp://www.seedfund.in/redBus-Naspers-Deal%20annoucement.pdfhttp://www.seedfund.in/redBus-Naspers-Deal%20annoucement.pdfhttp://www.seedfund.in/redBus-Naspers-Deal%20annoucement.pdfhttp://www.seedfund.in/redBus-Naspers-Deal%20annoucement.pdfhttp://www.seedfund.in/redBus-Naspers-Deal%20annoucement.pdfhttp://www.seedfund.in/redBus-Naspers-Deal%20annoucement.pdfhttp://www.seedfund.in/redBus-Naspers-Deal%20annoucement.pdfhttp://www.seedfund.in/redBus-Naspers-Deal%20annoucement.pdfhttp://www.seedfund.in/redBus-Naspers-Deal%20annoucement.pdfhttp://www.seedfund.in/redBus-Naspers-Deal%20annoucement.pdfhttp://www.seedfund.in/redBus-Naspers-Deal%20annoucement.pdfhttp://www.seedfund.in/redBus-Naspers-Deal%20annoucement.pdfhttp://www.seedfund.in/redBus-Naspers-Deal%20annoucement.pdfhttp://www.seedfund.in/redBus-Naspers-Deal%20annoucement.pdfhttp://forbesindia.com/printcontent/32382http://forbesindia.com/printcontent/32382http://forbesindia.com/printcontent/32382http://forbesindia.com/printcontent/32382http://forbesindia.com/printcontent/32382http://forbesindia.com/printcontent/32382http://forbesindia.com/printcontent/32382http://ajc.sagepub.com/content/8/2/171.abstracthttp://ajc.sagepub.com/content/8/2/171.abstracthttp://ajc.sagepub.com/content/8/2/171.abstracthttp://ajc.sagepub.com/content/8/2/171.abstracthttp://ajc.sagepub.com/content/8/2/171.abstracthttp://ajc.sagepub.com/content/8/2/171.abstracthttp://ajc.sagepub.com/content/8/2/171.abstracthttp://ajc.sagepub.com/content/8/2/171.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anama.com/2013/06/223-redbus-naspers-ibibo-fy12-multiples-shareholding/http://www.medianama.com/2013/06/223-redbus-naspers-ibibo-fy12-multiples-shareholding/http://www.business-standard.com/article/companies/redbus-journey-a-road-less-taken-113092500619_1.htmlhttp://www.business-standard.com/article/companies/redbus-journey-a-road-less-taken-113092500619_1.htmlhttp://www.business-standard.com/article/companies/redbus-journey-a-road-less-taken-113092500619_1.htmlhttp://www.business-standard.com/article/companies/redbus-journey-a-road-less-taken-113092500619_1.htmlhttp://www.business-standard.com/article/companies/redbus-journey-a-road-less-taken-113092500619_1.htmlhttp://www.business-standard.com/article/companies/redbus-journey-a-road-less-taken-113092500619_1.htmlhttp://www.business-standard.com/article/companies/redbus-journey-a-road-less-taken-113092500619_1.htmlhttp://www.business-standard.com/article/companies/redbus-journey-a-road-less-taken-113092500619_1.htmlhttp://www.business-standard.com/article/companies/redbus-journey-a-road-less-taken-113092500619_1.htmlhttp://www.business-standard.com/article/companies/redbus-journey-a-road-less-taken-113092500619_1.htmlhttp://www.business-standard.com/article/companies/redbus-journey-a-road-less-taken-113092500619_1.htmlhttp://www.business-standard.com/article/companies/redbus-journey-a-road-less-taken-113092500619_1.htmlhttp://www.business-standard.com/article/companies/redbus-journey-a-road-less-taken-113092500619_1.htmlhttp://www.business-standard.com/article/companies/redbus-journey-a-road-less-taken-113092500619_1.htmlhttp://www.business-standard.com/article/companies/redbus-journey-a-road-less-taken-113092500619_1.htmlhttp://www.business-standard.com/article/companies/redbus-journey-a-road-less-taken-113092500619_1.htmlhttp://www.business-standard.com/article/companies/redbus-journey-a-road-less-taken-113092500619_1.htmlhttp://www.business-standard.com/article/companies/redbus-journey-a-road-less-taken-113092500619_1.htmlhttp://www.business-standard.com/article/companies/redbus-journey-a-road-less-taken-113092500619_1.htmlhttp://www.business-standard.com/article/companies/redbus-journey-a-road-less-taken-113092500619_1.htmlhttp://www.business-standard.com/article/companies/redbus-journey-a-road-less-taken-113092500619_1.htmlhttp://www.business-standard.com/article/companies/redbus-journey-a-road-less-taken-113092500619_1.htmlhttp://www.business-standard.com/article/companies/redbus-journey-a-road-less-taken-113092500619_1.htmlhttp://www.business-standard.com/article/companies/redbus-journey-a-road-less-taken-113092500619_1.htmlhttp://www.business-standard.com/article/companies/redbus-journey-a-road-less-taken-113092500619_1.htmlhttp://www.business-standard.com/article/companies/redbus-journey-a-road-less-taken-113092500619_1.htmlhttp://www.redbus.in/http://www.redbus.in/http://www.redbus.in/http://www.redbus.in/http://www.redbus.in/http://www.redbus.in/http://www.redbus.in/
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