Project Prashant
Project Prashant
Submitted to:
Prof. Jayesh Aagja
ASKME.COM
HISTORY
GetitInfoservices and Infomedia were the two company that operated yellow pages in India.
Yellow pages refer to a telephone directory of businesses, organized by category, rather than
alphabetically by business name and in which advertising is sold. The directories were
originally printed on yellow paper, as opposed to white pages for non-commercial listings.
The traditional term yellow pages are now also applied to online directories of businesses. In
2006, both the companies collaborated and a new corporate entity was formed known as
GetitInfomedia. In order to provide a common name to their digital product venture the
company decided to bring in a completely new brand name, which is AskMe. AskMe became
companys flagship offering in April 2014.
INTRODUCTION
AskMe, the flagship product from GetitInfomedia, is a one stop destination to find
information related to anything and everything; be it restaurants, travel, matrimony, jobs,
education, mobile, gadgets, etc. It caters to users immediate and impulsive requirement of
information on mobile, internet and voice. AskMe has an extensive directory of information
from across India that is both accurate as well as diverse.
AskMe, launched in June 2011, is available 24X7 for consumers across all major cities in
India. Users can call on 4444 4444 44 (ten-times 4) or logon to www.askme.com for
information on companies, products, and services. AskMe Voice service boasts of an
extremely consumer friendly call flow, which works to ensure that the customer gets realtime and accurate information.
As a business, one can reach their customers whenever and wherever they want using
AskMe's robust and cost-effective service that is available across channels viz. mobile,
internet, print and voice. The product was then again re-campaigned in April-2014 with
Ranbir Kapoor as its brand ambassador. With the largest marketing budget of 350 crores in
2015 the company currently works with two million SMEs across India, and has set a target
to reach 10 million SMEs in a couple of years across the country. The company AskMe.com
majorly works on two verticals as of now which are:
1. Askme.com, which is local search engine for classified searches.
2. Askmebazaar.com which is an e-commerce website dealing in non-perishable product
items.
The company has its presence throughout the country and is planning to expand its operations
in countries like Malaysia, South Africa and Dubai.
Top Management
Vision
"Aim higher to explore new horizons of technological innovations & create new quality
benchmarks." And help forward-thinking companies achieve and surpass their business goals.
Mission
Our mission is fully powered with innovative ideas & state-of-art technologies, to provide
easy access to clients & to promote business entities to tap new world of potential customers
& improve their profit margins with timely interaction with clients & world recognized best
FUTURE STRATEGIES
The biggest challenge for the company is convincing the client for the enrolling on the
service it provides as well maintaining the service to already existing clients. . Moreover,
most of the time, potential applicants learn about the online advertising services primarily
when they approach the ad agency, and they know very little about AskMe as a service
provider in this domain. Therefore, more brand awareness is needed for AskMe, as this will
ASKME LAUNCHING
AskMe.com has recently launched six new services for the country, of which only AskMe
Premium Listing is the only product that generates revenue for the company. Therefore, to
know the effectiveness of one of its services (APL), the company did a market research. The
research was based on four parameters: price of the service, brand recall, brand awareness,
and utility of the service.
Research Hypothesis
Based on the objectives, the market view about the AskMe.com can be positive and negative
both. Therefore, the hypothesis was:
H1: Price of the services determines the market view of the AskMe.
Research Design
The research was the exploratory type (quantitative) of research based on primary data. The
data was collected by conducting questionnaire survey across the target market of the
AskMe.com. The data collected help the organizations to examine how price, brand recall,
brand awareness and utilization of the services plays a vital in determining the factors that
influence the positivity and negativity of the market view of AskMe. The sample population
consists of the respondent who are the potential customers of the AskMe services, that is,
Customers for APL (AskMe Premium Listing). This research is based on a sample size of
107.
Based on the survey, the analysis of APL was by hypothesis testing was conducted and we
came up with following results:
The premium charged for the service is priced correctly and the product gives good
able to recall the name of the brand and the brand name was there in top five recalls.
Brand awareness is very low i.e. not many people have heard such kind of product
before. Here both Category awareness and Brand awareness was less.
Usability of the APL service is excellent i.e. whoever has used the product is very
much satisfied and they have always found what they were looking for via askme,
also the information provided was very much updated and accurate.
Problem:
Based on the data collected, the company needs to decide as to how will it go about
increasing the brand awareness? What kind of campaign does it need to undertake based on
its current customer profile? Does it need to modify its product or prune any of them? Should
it start charging even for those products which are free? If yes, then which and why?
EXHIBIT 1
Service offered by AskMe
1. Askme Premium Listing
The first was the companys flagship product i.e. AskMe Premium Listing. The listing enrolls
at a cost of 6500/- rupees plus taxes which comes around to 7303/- rupees for one year
listing. The following are the services that the company promises to the premium listers.
1. Presence on the national voice portal i.e. 0444-444-4444
2. Presence on the website of the search engine i.e. askme.com
3. Presence on the mobile application of askme.com
4. WSP i.e. web starter page of the firm on its own name
5. Synchronizing the WSPs with google with ratings and reviews options
6. Sharing the contact details of the searchers looking for that segment to the premium
lister
7. Moreover sharing the contact details of the listers to the searchers when they make a
particular segment search
8. Service of relevant updates on web starter page on the request of the client.
2. AskmeBazaar Listing
The second product that the company deals is the askmebazaar listing. Askmebazaar.com is
an e-commerce website and an online portal that gives chance to small SMEs to get
registered and sell their products online. The registration is free of cost for askmebazaar.com,
the seller has to just fill up a seller enrollment form where he has to share his TIN and PAN
numbers of enrollment. Askmebazaar.com takes transaction cost and logistics cost from the
client in case of any sale. The transaction cost is 7% for regular items and 4% for electronic
goods. Logistics cost varies depending on the weight of the product i.e. from 0-500g the cost
is 45 rupees, 500g-5kg cost is 100 rupees, 5kg-20kg cost is 20 rupees additional per kg plus
100 rupees base, for more than 20 kg the seller has to make its own arrangements.
virtual address of the organization in the area where it is not present which is linked to the
original address of the organization. For example if any education center is based in Vastrapur
area of Ahmedabad city and wants to promote the business in entire Ahmedabad, in this case
the client is offered Multiple APLs. The organization is tagged to each and every pincode of
the city, thus if search is generated in any area of the city the lead goes to the organization.
This product eliminates the limitations of conventional promotional media of limited
visibility. Moreover, it gives an opportunity to the client to promote their business throughout
the country. The company also offers lucrative offers for multi APLs where prices per APL
reduces with increase in number of APLs enrolled. The price for single APL is 6500 while for
2-5 APLs it is 5500, 5-20 APLs it is 5000, 20-50 APLs it is 4500 and so one different slabs
have been designed. For APLs more than 300, the company subjected offers a price of 1500
per APL subjected to negotiation. Thus per APL cost is sliced down to a large extent.
EXHIBIT 2
Presentations of Data
1. AskMe.com provide its services in cheaper price as compared to other competitors.
37%
29%
Strongly Disagree
Disagree
Agree
Strongly Agree
Neither
11% 9%
Strongly Disagree
Disagree
40%
14% Agree
Neither
Strongly Agree
25%
3. The price of the services AskMe.com provides seems to be economical in front of the
quality services they provide.
14% 11%
16%
36%
23%
Strongly Disagree
Disagree
Agree
Strongly Agree
Neither
46%
21%
Strongly Disagree
Disagree
Agree
Strongly Agree
Neither
10% 12%
Strongly Disagree Disagree Neither Agree Strongly Agree
17%
40%
21%
8% 5%
Strongly Disagree
Disagree
15%
Neither Agree
Strongly Agree
19%
53%
7. I am aware of AskMe.com
I am aware of AskMe.com
Strongly Disagree
8% 17%
14%
Disagree
Neither
Agree
Strongly Agree
19%
42%
5%
Strongly Disagree
14%
Disagree
23%
Neither
16%
42%
Agree
Strongly Agree
Strongly Disagree
5% 17%
Disagree Neither
17%
22%
Agree
Strongly Agree
39%
15% 6%
Strongly Disagree
Disagree
21% Agree
Neither
Strongly Agree
16%
43%
4%
Strongly Disagree
18%
19%
Disagree Neither
Agree
Strongly Agree
17%
43%
Strongly Disagree
17% 7%
19% Agree
Disagree Neither
Strongly Agree
11%
47%
13. The AskMe.com is regarded as the best benchmark of online advertisement provider.
Strongly Disagree
26%
Disagree
5%
21% Agree
Neither
Strongly Agree
16%
33%
Strongly Disagree
24%
Disagree
11%
Neither
14% Agree
Strongly Agree
15%
36%
5%
19%
15%
Strongly Disagree Disagree Neither Agree Strongly Agree
22%
39%