Telemarketing
Telemarketing
A PROJECT SUBMITTED TO
BY
PRIYANKA RAUT
JYOSTNA JAIN
2018-19
TO STUDY THE IMPACT OF TELEMARKETING OF TWO
WHEELER INDUSTRY WITH SPECIAL REFERANCE TO YAMAHA
A PROJECT SUBMITTED TO
BY
PRIYANKA RAUT
JYOSTNA JAIN
2018-19
Dnyan Bharti Society College Of Management (B.M.S)
Vadkun, Dahanu (W), Maharashtra
Certificate
This is to certify that Miss Priyanka raut has worked and duly completed her
project work for the degree of bachelors or of management study under the faculty of
commerce and her project is entitled to study the telemarketing of two wheeler
industry with special reference to Yamaha under my supervision.
I further certify that the entire work has been done by the learner under my
guidance and that no part of it has been submitted previously for any degree or
diploma of any university
It is her own work and facts resported by her personal findings and investigations.
Date of submission :
Declaration
I the undersigned Miss. Priyanka Raut here by, declare that the work embodied in
this project work titled to Study the impact of telemarketing of two wheeler
industry special reference to Yamaha. Forms my own contribution to the research
work carried out under the guidance of Mrs. jyostna jain is a result of my own
research work and has not been previously submitted to any other university for any
other degree/diploma to this or any other university.
Wherever reference has been made to previous works of others, it has been clearly
indicated as such and included in the bibliography.
I , here by further declare that all information of this document has been obtained and
presented in accordance with academic rules and ethical conduct.
Certified by
To list who all have helped me difficult because they are so numerous and the depth is
so enormous.
I would like to acknowledge the following as being idealistic channels and fresh
dimensions in the completion of the project.
I take this opportunity to thank the University of Mumbai for giving me chance to do
this project.
I would like to thank my principal, Mr. Ravindra Ghages for providing the necessary
facilities required for completion of this project.
I take this opportunity to thank our coordinator Mrs. Deepa tanna, for her moral
support and guidance.
I would also like to express my sincere gratitude towards my project guide Mrs.
jyostna jain whose guidance and care made the project successful.
I would like to thank my college library, for having provided various reference books
and magazine related to my project.
Lastly, i would like to thank each and every person who directly or indirectly helped
me in the completion of the project especially my parents and peers who supported
me throughout my project.
Index
1. Introduction
2. Research methodology
2.3 Objective
2.5 Limitation
3. Literature review
Data analysis, interpretation and
4.
presentation
4.1 Graphical data analysis
5. Conclusion
6. Suggestions
Introduction
What is telemarketing
While many methods of telemarketing are looked upon negatively by consumers and
lawmakers,the telemarketing field is broad and includes several methods that are
ethical and highly effective. In the above example of moneycorp the campaign was
not about selling a product over the phone,but making contact team and their potential
clients more effecient and successful.
When companies call new customer the activity is referred to as cold calling.this
means the consumar has not purchase frome the company before nor have they
requested a call from the company.companies can buy a list service,which will
provide a list of consumer who have similar interests or purchasing histories who fit
the company target market.
Use of telemarketing
available.at the same time the telephone is still very intimate and personal.it in
individual to individual.
Telemarketing is the process of using the telephone to generate leads,make sales,or
gather marketing information.telemarketing can be a particularly valuable tool for
small businesses,in that it saves time and money as compared with personal
selling,but offers many of the same benefits in terms of direct contact with the
customer.
Types of telemarketing :
Inbound telemarketing :
Outbound telemarketing :
It can be aimed directly at the end consumer for example a home repair business
may call people to search for prospects and consumers. Representatives working on
this side of the industry generally require more training and product knowledge,as
more actual selling is involved in comparison to the inbound operations.
Quality,price and service are three factor are critical to the success of any export sales
effort.quality and price are addressed in earlier chapters. Service,which is addressed
here,should be an integral part of any company’s export strategy from the
start.properly handled,service can be a foundation for growth.ignored or left to
chance,it can cause an export effort to fail.
Service varies by the product types,the quality of the product,the price of the product
and the distribution employed.for export products that require no service such as food
products,some consumer goods and commercial disposables-the issues on the other
hand the characteristics of consumer durables and some consumables by the
consumer.in fact,foreign buyers of industrial goods typically place service at the fore
front of the critena they evaluate when making a purchase decision.
1.2 History of yamaha company
India yamaha motar private limited is the wholly owned india subsidiary of yamaha
motar company,headquartered at chennai,india.yamaha motor company japan made
its initial foray into india in 1985 as a joint venture with escort group.in august 2001,it
become a 100% subsidiary of yamaha motar co.ltd. japan ( YMC). IN 2008,mitsui
and co...Ltd. entered into an agreement wich YMC to become a joint-investor in india.
It produces a range of motorcycles for domestic consumption and export including the
FZ, SZ,saluto,fazer,and YZF.
Yamaha own three plants for manufacture of two-wheeler in india: one in
faridabad,haryana,one in surajpur,uttar pradesh,and one in chennai,tamilnadu. It is
frome these three plants that yamaha handles production of motorcycles and parts for
both domestic as well as overseas market.while the faridabed plants was started in
1965,the surajpur plants followed with its inception in 1984 and chennai in 2014.the
scooter manufactured by yamaha in india are the yamaha ray and its upgrade,the
yamaha ray Z, alpha,fascino.
Corporate introduction
About yamaha motors india sales pvt.ltd. yamaha made its initial foray into india in
1985.subsequently,it into a 50:50 joint venture with the escorts group in
1996.however,in august 2001,yamaha acquired its remaining stakes as well,bringing
the india operations under its complete control as a 100% subsidiary of yamaha motar
co. Ltd,japan. India yamaha motar operates from its state-of-the-art- manufacturing
units at faridabad in haryana and surajpur in uttar pradesh and produces motorcycles
both for domestic and export markets.with a strong workforce of 2000
employees,india yamaha motar is highly customer-driven and has a countrywide
network of over 400 dealers.
The company pioneered the valume bike segment with the launch of its 100 cc 2-
stroke motarcycle Rx 100. Since then, it has introduced an entire range of 2-stroke
and 4-strock bikes in india.presently,its product protfolio includes ray-z(113cc), v
max(1679cc),YZF R 1 (1200cc),FZ 1 (998cc) ,YZF R15(150cc) ,FZ-S(150cc),SZ-
R(153cc)etc.
Mission
Build the winning team with capabilities for success,thriving a climate for action and
delivering result. Our employees are the most valuable assets and we intend to
develop them to achive international level of professionalism with progressive career
development.as a good corporate citizen,we will conduct our business ethically and
socially in a responsible manner with concerns for the environment.
Grow through continuously innovation our business processes for creating value and
knowledge across our customer thereby earning the loyalty of our partners and
increasing our stakeholder value.
Vision
We will establish Yamaha as the exclusive and trusted brand of customers by creating
konda (touching their hearts) the first time and every time with world class products
and service delivered by people having passion for customer.
1.4 Yamaha product
The Yamaha corporate logo is comprised of three tuning forks placed on top of each
other in a triangular pattern.
In 2000, toyata and Yamaha corporate made a capital alliance where toyata paid
Yamaha corporate 10.5 billion yen for a 5 per cent share In Yamaha motar company
while Yamaha and Yamaha motar each bought 500,000 shares of toyata stock in
return.
Motorcycle models:
Yamaha has made an extensive number of two-and four-stroke scooters, on-road and
off-road motorcycles. The Yamaha XS650, introduced in 1970, was such an
overwhelming success that it crippled the british monopoly of vertical twin
motorcycles.
The YZF-R1 and YZF-R6 are equipped with under cowls that are based on the image
of a diffuser, to give them the best form for aero-management. These are not cowls
for simply enclosing the engine,but forms composed of blade surfaces that actively
control airflow.this spirit has been directly inherited by the YZF-R15 version 2.0.
The fazer,gets its DNA from the global fazer series known for their sports touring
&awesome looked. It has a “look-at-me” appeal with the macho design concept
giving it a concentrated from with excellent ergonomics.fazer is beautifully contoured
& has aerodynamic cowling to keep the wind blast at bay. With its comfortable riding
position and seat,rider can enjoy a week end getaway or head off on a touring holiday.
Fazer has the monocross suspension to ensure agile running performance and
handling. The placement of its’midship muffler’ is towards the center of the machine
which give it a good concentration of mass, exhaust efficiency and handling. Fazer
has the “140/60-17” size rear radial tyre with a 60% aspect ratio which contributes to
better grip and stability.
I. FZ-1 – the brutal beauty
The two wheeler market globally: the two-wheeler industry is concentrated in the
developing world,especially china and india,which together account for over half the
total worldwide world especially chain and india which together accunt for over half
the total worldwide sales of two-wheelers.the japanese manufacture, honda, yamaha,
suzuki, and kawasaki, dominate the two-wheeler industry globally. Currently, all
major two wheeler market, except india, are dominated either by japanese firms or
their joint venture.
Hero moto corp,an indian motarcycle company is the world leader by sales :
Motarcycles are used for many different purpose.some use it for daily commuting
(especially in developing and under-developed worlds) and for hobby pursuit (in
developed world).harley davidson,royal enfield, BMW ,yamaha etc the companies
that satisfy this hobby pursuit of the peopal,the world over.
The indian two-wheeler industry can be divided into three broad categories :
scooters,motorcycle and mopeds.each of these categories can be further segmented on
the basic of several variables,like price,engine power,type of ignition,and engine
capacity.
Today india is the second largest product and customer of two-wheelers in the
world.the india two-wheeler industry has undergone a significant change over the past
10 years with the preference changing from mopeds to scooters,and more
recently,from scooters to motarcycles. With the reduction in the price differential
between scooters and motorcycles, there has been a perceptible shift towards
motorcycles because of their better styling,higher fuel efficiency and higher load
carrying capacity.
Motorcycles are the most expensive of all two-wheelers.they are more powerful than
scooters and mopeds,have the highest load carrying capacity (which is essential for
rural areas ),are fuel-efficient,have better road grip,and are also the most expensive.
Besides,motorcycles are viewed as”trendy” in the urban areas as compared with
scooters and mopeds.
The fortunes of the motorcycles industry changed after the annonucement of the
liberal licensing policy in 1982 whare by foreign collaboration were allowed.in
1982,the government allowed foreign players to enter the industry through joint
venture.within four years,the TVS group tied up with suzuki,the hero group with
honda,the escorts group with yamaha and bajaj auto limited(bajaj auto) with
kawasaki.TVS and suzuki introduced ind-suzuki in 1984,hero honda motors limited
(HHML) launched CD100 in 1985,and both escorts and bajaj auto launched their
models in 1986-87.
The motorcycle market in india can be segmented on the basis of price and power.
The motorcycles market is divided into five segments. Basic category models priced
between RS.30,000 – RS.40, O hero the focus is, by and large on price and fuls
efficiency.in this category,bajaj auto has platina,HMC has CD-deluxe and yamaha has
crux.in the standard category i.e between RS.42, 0 – RS.50,000,bajaj auto has platine
-125,HMC has splendor and splendor NXG and yamaha has alba and GS-5. Executive
category models priced between RS.55,000 and 65,000. These are models with
japanes and european standards of engineering,styling,manufacture and riding
comfort.thise segment has strong brand such as victor (TVS), passion pro and super
splendor (HHML),discover (bajaj auto), gladiator (yamaha),stunner and shine (HMS)
and zeus (suzuki). Deluxe category ( RS.70,000-RS.90,000) includes FZ-sand
fz-16 (yamaha), hunk and cbz xtreme (HMC), pulsar 150 and 180 (bajaj), apache
(TVS),unicorn (HMSI) and GS-150 R (suzuki).
Deluxe category RS.70,000- RS. 90,000 includes fz sand fz-16 (yamaha), hunk and
CBZ xtreme (HMC),pulsar 150 and 180( bajaj),apache (TVS), unicorn (HMSI) and
GS-150 R ( suzuki). Premium category model priced above RS.90,000. BAJAJ
auto has the pulsar 200 and 220 , apache-RTR EFI(TVS) and R15 (yamaha) and
karizma ZMR (HMC). HMC is the market leader in the motorcycles segments. Since
honda has always been one of the global pioneers in developing fuel-efficient engine
technology,the unique selling proposition of all HMC motorcycles are fule efficiency
and ease of maintenance.motorcycles are positioned as performance
oriented,economy oriented and more recently,as products offering a mix of
performance and economy.
2. Research methodology
It was collected directly from executives and customer.the information collected form
executives through personal and direct interview to collect primary data a detail and
structured questionnaire was formed to suit the objective of the study which contain
definite and predetermined questions, containing information relating to sales and
service and its product.
Primary data is the data that is collected for the first time by the research.the primary
data are collected with specific set of objective to assess the current status of any
variable student primary data is useful only for particular period.
Secondary data :
Secondary data means data that are already availablae i.e...they refer the
data,which have already been collected and by someone else.when the
researcher utilizes secondary data,then he has to look into various sources
from where he can obtain them,in this case he is certainly not confronted
with the problem that are usually associated with the collection of original
data. Secondary data may either be published data or unpublished
data.usually published data are available in :
Sampling may be defined as the selection of the some part of an aggregate or totality
on the basis of which a customer,businessman about the aggregate or totality is
made.it is the process of obtaining information about entire population by examining
only a part of it in which generalizations or influences are drawn based on the sample
about the parameter of population from which samples are taken.
Sample size: a total of 20 people have been queationer for the purpose of filling up the
questionnaire.
Sample size 20
Target population 20-25 years
25-30 years
30 and above
Area covered Dahanu, boisar,palghar
Type of questionnaire Structure 5 point
Type of questions Close ended questions
2.3 OBJECTIVE
There was a time when telephones enjoyed popularity among the messes. companies
started telemarketing in form of customer service to resolve customer issues,
telemarketing become a renowned business to create its own identity.along with
customer service,telemarketing reduced travel costs,ensured instant action over issues
and assured delivery were the main reason for its independent existence.since then
telemarketing become a conventional but reputable business.today nearly 98%
industries rely on telemarketing for lead conversion.
Imagine you have to travel miles just to get your issues resolved.how”s you
feel? Bed or may worse!it can be also prove a worst experience of your
life.telemarketing is a great solution from the point of view of customer.in a
survey of 500 people 75% voted for telemarketing as a best medium to address
their issues as they found it more human.
Buying habits : how,what and whare customer purchase product and service.
Defining the market for your product : use the information about your
existing customers to develop a target audience for your business in its drive
to win new customer and increase sales.”while there are core customer you are
trying to reach,often there are other markets that are also important to
address,”arnof-fenn says.determine which key messages features and benefits
matter to each potential market.
Generating sales leads : there are a variety of age-old staple techniques and
newer tools you can use to find new customer and increase sales.it’s best to
understand the range of choices you have in order to determine which may
best help you business reach new customer.newspaper readers may not be
moved by internet-based sales techniques. Similarly,business peopel who are
accustomed with hiring only people they know may be bettswayed by meeting
you at a chamber of commerce meeting than accepting a blind invitation to
connect on linkedle or facebook.
Cold calling : this is telemarketing without the call center.it’s blind contact
with a potential customer who isn’t expecting a pitch.
Networking : this can be done the old-fashioned way,by getting involved in
community organizations, such s the chamber of commerce or attending
business functions, such as trade shows.
In order to increase sales,many business believe the only way is to find new
customer,but a number of experts say that this strategy leaves out an obvious
potential sourse of new sales.its much easier to buy from you than to convince
a new customer to take the plunge.
undle products :you can”bundle”a few product or service together for a special
price to try to get an existing customer to try some of your other offerings.
Try the “upsell” :convince your sales staff to go back to existing customer and try
to sell those clients related products or service.
The first way to really ensure that retention is possible is to know who the customer
are and their buying habits.this can be done through market research using
telemarketing. The reaserch aims to study and analyze customer life cycle and current
need.telemarketing calls are used to identify these issues through predefined queations
than can capture the data needed to offer customer more targeted solution.
Target audience: before you can find new customer and increse
sales,you need to understand who your customer is what value
proposition you offer to customers,and what your competition is
currently offering in the market and whare there are gaps for a new
entrant.”attracting more customer is really about listening to their
needs,not being a solution looking for a problem,”
The research was acrried out to find factors which influence customer satisfaction the
telemarketing to maximum level. The study project that customer satisfaction the
telemarketing level change with change in various factors like during sales
evaluation,during delivery of the vahicle and after sales evaluation.this research is an
attempt to provide feedback to motarcycle manufacture yamaha motar india ltd. So
that they can bring about changes in various department of their organization which
will help them in becomming number 1 motarcycle brand in india.
Thise research would give necessary details to yamaha motars so that it could know
the various factors that affect customer satisfaction the telemarketing and then initiate
appropriate changes to make it number 1 motarcycle brand in india.
2.5 limitations
In the 1930s and 1940s, telemarketing units commonly known as inside sales
poeration,because the office-began to emerge in wholesale distribution organizations.
This trend accelerated during world war II as much of the nation’s sales force was
restricted due to rationing of gasoline and tires.magazine publishers began to use
telemarketing extensively in the 1940s and 1950s, trying to sign former subscribers.in
1955 reuben k.donnelley began a major telemarketing sucess story when he started a
telephone sales program to sell advertising in the yellow pages to small businesses.in
1985,the most profitable publishing entity in the state of california was the pacific
telephone’s yellow pages and approximately 60 percent were generated by phone.the
intoduction in 1960 of the wide area telephone service (WATS) lines helped increase
business use over the telephone.this opened the way for high volume outbound calling
at low cost,so it became cost effective to have large regional or national call
center.similarly,with the 1967 unveiling of 800 numbers,inbound WATS lines paved
the way for direct response capability,whare cosumers could respond to national
advertising toll free. The telemarketing industry is rapidly growing in the united states
,tripling between 1988 and 1998 to about 2,500 companies bought goods and service
from telemarketing. Consumer sales totaled about $186 billion with business-
tbusiness sales reaching over $238 billion.telemarketing has grown because it is so
cost-effective.one telemarketer,sitting at a phone with a telephone list of vsales
leads,can reach many more potential customers in eight hours than can a salesperson
on the road.it is estimated that face to face field calls to potential customer cost about
$250 each with outside sales people making four to six contacts a day.an outbound
telemarketer however,can make 90-100 calls a day with 35-50 of these calls ending up
as full presentations.wages in the telemarketing industry are also relatively low.again
citing the occupational outlook quarterly,in1996 the median wage for workers in the
telemarketing category was $7.77. training for telemarketers takes only a day or two
before the trainee makes his or her first sales call.even faster and cheaper but probably
macjines with a pre-recorded sales message.
the research required collection of first hand primary data from the respondents.the
respondents necessarily were to be bike users.they were exposed to a questionnaire
containing differe nt parameters for the evaluation of their satisfaction level.the broad
parameters were :
It was expected that the respondents were honest while answering the question with
proper consideration of the brand image of the bike they were currently using.the
questionna ire contained liker scalling to rate various parameters.the respondents were
so selected that they representative of various segments of bike users.the respondent
were questioned on :
Petrol pumps
Service stations
Educational institutes
Vehicles showrooms
Malls
Residential areas and
Factories
The result and responses were recorded on a SPSS data viewer (statistical package for
social sciences) parameters were defined on a SPSS variable viewer.the next step was
to run the SPSS and acquire specific result pertaining to the research done.
The finding and analysis complementing to results are discussed in the chapters to
follow.
4.1 . GRAPHICAL DATA ANALYSIS
Data analysis
The data analysis portion is the backbone of any primary and secondary research.there
are various tools of data analysis is that helps the researcher to interpret his data into
final results.
The data collected in this research was analyzed using he most effective tool
of market research i.e..SPSS(statistical package for social sciences).the
parameters were set up giving preference to non-demographic factors more
than demographic factors. the data was analyzed on the total of 20 parameters
as mentioned below :Customer’s age
Marital status
Profession
Education
Attitude of dealer
Explanation of bike function
PDI and checks made
Time taken in documentation
Salesman follow up
Reminder of first service
Action to complains
Questionnaire
Student 45%
Service 40%
Business 5%
Self employed 5%
Others 5%
student, in the service level it is used 40% and the rest of used in business, self
employed and for other purposes interpretation : occupationally and professional the
motor bike has been used i.e..45% preferred by used.
IV. How do you feel about sahil Yamaha service department ?
Response No of customer
Excellent 32
Satisfied 42
Average 14
Not satisfied 12
Interpretation/analysis :
Out of 100 respondent 32% of the people feel about sahil yamaha au amobile service
department is excellent and 42% of the people satisfied and 14% of the people
average and 12% of the people are not satisfied about sahil yamaha service
departmenT.
IV. based on overall experience ,would you visit this service center again? And aslo
would you recommended your friends and service.
Response No of customer
Yes 75
No 25
After my analysis on the “impact of telemarketing of after sales and service” in sahil
Yamaha motar, I have come to the conclusion whare I strongly consider that sahil
Yamaha being only dealer for yahama.
However ,I consider management also has a important role to play here by making
sure all the customer are trusted as same starting from the sales and till the service
provided to the customer.
If all the above thing are seriously considered, that there is no doubt that sahil
Yamaha can convince more and more customer to opt them for every sales and
service.
In fact, the dealership of boisar is found good having with customer’s attitude and
behavior to dealership valuation other than found of boisar.
6. Suggestions