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Herbal Products
Herbal Products
INTRODUCTION
1.1 PRODUCT
A product is anything that can be offered to a market to satisfy a want or need. Products
that are marketed include physical goods, services, experiences, events, persons, places,
properties, information and ideas.
Many people think that a product is a tangible offering, but a
product is more than that. In marketing, the term product is often used as a catch-all
word to identify solutions a marketer provides to its target market. We will follow this
approach and permit the term product to cover offerings that fall into one of the
following categories:
Goods Something is considered a good if it is a tangible item. That is, it is something
that is felt, tasted, heard, smelled or seen. For example, bicycles, cell phones.
Services Something is considered a service if it is an offering a customer obtains
through the work or labour of someone else.
Ideas Something falls into the category of an idea if the marketer attempts to convince
the customer to alter their behaviour or their perception in some way.
CHAPTER 2
Literature Review
2.1 Advertising
When a marketer or a firm has developed a product to satisfy market demand after
thoroughly analyzing the market, there is a need for establishing for the target market to
sell the product .More over this has to be a mass contact which means that the marketer is
interested in reaching a large number of people, So that his product may receive optimum
exposure. Naturally, the best way to reach this mass market is through mass
communication is one of the means of such mass communication.
Advertising as a means of mass communication has therefore made mass communication
possible. It is perhaps the best-known mass communication channel. Marketers and firms
engaged in selling their products & services throughout the country & or in other nations
are fully aware of the importance of the advertising. But one thing may be well
understood that advertising by itself cannot sell the product. It cannot sell Products of
pure quality, product which are too costly, or items which do not come to the expectations
of consuming public advertising only helps in selling. The simplest definition of
advertisement is that it is a public announcement. There are various means of advertising
such as radio, television, the cinema newspapers & magazines.
The fundamental relationship of sales to advertising plays a central role in any
mathematical theory of advertising. The effect that advertising produces on sales in any
market is the sum of the effects that advertising has on various individuals in the market.
their overall sales expenses into advertising had a relatively lower sales cost in proportion
to total sales. A similar analysis and findings based on 124 companies for the year 1960
were reported by the American Supply and Machinery Manufacturers Association.
As a rule, market segmentation is performed on a basis not directly related to advertising
response. Consumption or income is a frequently used segmentation criterion, advertising
expenditure being higher for high income or consumption groups than those with low
level of income and consumption. The best advertising strategy would be to develop
separate policies for each of the different groups in the market.
effects on your skin and hair.S.Raminder Singh Narang is the Chairman of M/s Three-NProducts Pvt. Ltd. His expertise and dexterity has made Ayur a leading brand, to a great
extent. The youngest brother, S.Manminder Singh, is the Managing Director of M/s
Three-N-Products Pvt. Ltd. The dynamic second brother, S.Dilvinder Singh, is the M.D.
of R.D.M.Traders Pvt.Ltd. Ayur has a distribution network of about 1 Lac Dealers
throughout the length and breadth of the country and the plan is increase this number to
about 700 from the present strength of about 500. The Distributors are being serviced by
a network of 23 C/Fs and 4 Super Stockiest. Ayur with its increasing network of esteemed
distributors will soon cross the 100 crores turnover.
2.3.2 LOTUS
LOTUS HERBALS, an innovative line of herbal & ayurvedic skin and hair care
products, is presented by LOTUS HERBALS LTD, New Delhi, India. Herbal &
Ayurvedic products of this company have been widely exported to U.S.A., UK, UAE,
Japan and South Africa. The plant is located in lush green and pollution free environment
of Noida.
Lotus Herbals Ltd. is steered by a professional management team headed by its
Chairman-cum-Managing Director, Mr. Kamal Passi. The Company has been promoted
by Mr. Kamal Passi, who has an in-depth experience of 35 years in cosmetics
manufacturing and a flair for professional management.
2.3.3 DABUR
Dabur India Limited is one of the leading FMCG companies in India with a consolidated
turnover exceeding Rs. 2396 crores. Founded by Dr. SK Burman in 1884, Dabur is
India's most recognized herbal specialist company and a trusted name in the field of
herbal skin care products
2.3.4 HIMALAYA
The Himalaya Company was founded in 1930 by Mr. M. Manal with a clear vision to
bring Ayurveda to society in a contemporary form and to unravel the mystery behind the
5,000 year old system of medicine. This included referring to ancient ayurvedic texts,
selecting indigenous herbs and subjecting the formulations to modern pharmacological,
toxicological and safety tests to create new drugs and therapies.
Starting off operations in Dehradun way back in the 1930s, the company later spread its
wings to Mumbai and across the country. In 1975, the company set up an advanced
manufacturing facility in Makali, Bangalore, India, which today houses the Corporate
headquarters. In 1991, the company relocated its R&D facility to Bangalore. The
manufacturing facility at Makali has the largest tablet-coating unit in the country. Over
one crore tablets are punched every day.
2.3.5 BIOTIQUE
Biotique can best be described as a Science of Life company into the business of
enhancing the health and beauty of a healthy person. The company was born a decade
ago after a decade of research and product development. The research team, based in
Switzerland and India, comprises of world's leading cosmetologists and Ayurvedic
doctors. It provides a complete range of skin, hair and body care products based on
authentic Ayurvedic formulations. It also manufactures and markets a range of food
supplements and complete range of beauty care and make-up products. The latest
addition to the 250-products-strong product range is premium bathing soaps.
Biotique is synonymous with serious skin and hair care developed from Ancient
Ayurveda. It embodies the collection of traditions of the ancient sages, which have been
passed on generation after generation. It is the way of life of these Rishis that is the
Biotique's essence.
CHAPTER 3
OBJECTIVES
1. To study the advertisement effectiveness on customers purchase decision of herbal skin
care products.
2. To examine closely the efficiency of various advertising media used for herbal brands.
CHAPTER 4
RESEARCH METHODOLOGY
RESEARCH DESIGN ---Exploratory
SAMPLE DESIGN ---Random sampling
SAMPLE SIZE ---50
SAMPLE UNITS ---Direct consumers
TOOLS USED FOR DATA COLLECTION --1. PRIMARY DATA --Questionnaire
2. SECONDRY DATAfrom various journals, magazines and websites.
TOOLS USED FOR DATA ANALYSIS
1. z test
2. Factor analysis
3. Graphical analysis
CHAPTER 5
Limitations
I. Research is time bound that made research limited in at scope.
II. Financial sources are also constant to the research.
III. The area of sampling is confined to Indore region.
IV. Sample size of research has been restricted to 50.
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CHAPTER 6
Contribution
With the help of this research we can identify the advertisement effectiveness on
customers purchase decisions of herbal skin care products.
With the help of research we can identify the efficiency of various advertising
media for herbal brands.
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Bibliography/ Webliography
Bibliography
Kothari,C.R. Research Methodology, New Age International(P) Ltd., New
Delhi/1995
Gupta Sunil impact of ads: herbal hair and skin care products
journal of marketing & Communication /Jan-Apr 2007
Kotler Philip Marketing management Prentice Hall of India private limited. New
Delhi.
Webliography
http://www.ayur.com/html/history.htm
http://www.herbal brands.com
http://www.lotus.com/html/HISTORY.
http://en.wikipedia.org/wiki/herbal brands
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