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CUSTOMER SATISFACTION IN
ONLINE SHOPPING REGARDING MEESHO APP
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CHAPTER-1 :-
INTRODUCTION
Customer
Consumer
A “Consumer” is person who buys any goods or hires any service for valuable consideration
(including deferred payment). The term does not include a person who obtains goods or
services for resale or for any commercial purpose .However , persons who avail goods or
services exclusively for the purpose of earning their livelihood by means of self employment
are considered as ‘consumers’.
Satisfaction
Customer satisfaction
Within organizations, customer satisfaction ratings can have powerful effects. They focus
employees on the importance of fulfilling customers expectations. Furthermore, when these
ratings dip, they warn of problems that can affect sales and profitability.
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These metrics quantify an important dynamic. When a brand has loyal customers, it gains
positive word-of-mouth marketing, which is both free and highly effective.
In researching satisfaction, firms generally ask customers whether their product or service has
met or exceeded expectations. Thus, expectation are key factor behind satisfaction. When
customers have high expectations and the reality falls short, they will be disappointed and
will likely rate their experience as less than satisfying.
Definition:
When you provide good customers service , customer satisfaction rises. When your
customers are satisfied , they stick to your bran ,and this ensures respect sales . Satisfied
customers buy more. Happy, satisfied customers tell family and friends. This brings in more
customers who are assured of good customer service. This too boosts sales.
This is why customer satisfaction is important to every business. Most online sales
brands ask a customer after a recent purchase about how they liked the shopping and delivery
experience, including feedback on how they can improve their service. Most of them also ask,
on a scale of 1 to 10, how likely they are to recommend the brand to family and friends.
Similarly, inbound call centre services or call centre outsourcing services ask callers how well
their issue was resolved during that call. This is part of the excellent customer service that that
brands provide and goes into creating customer satisfaction.
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Call centre services surveys, feedbacks and reviews help businesses understand what
their customers like or do not like about their products or services. Viable and practical
suggestions can be taken up and incorporated to cater to the customers’ needs. Customers
respond to brands that are responsive.
Happy customers are great brand advocates. When businesses cater to customers’
needs and aim for higher customer satisfaction, they are not only ready to be associated with
the brand more, but love to ask friends and family to try it out. Customer satisfaction increases
referrals.
Increase profitability:
Customer satisfaction increases sales and, hence, profitability. It is not enough that
your product or service or even an attractive price impresses customers. Once they purchase
your offering, they want efficient and swift after-sales support. Studies show that customers
drop a brand with even one negative experience. Customer satisfaction is a crucial part in your
business. Adopting ways to measure customer satisfaction will help you determine where you
stand now. Work your way forward from there. It will make all the difference in your business
bottom line. Is always for you regarding inbound call centre services and call centre
outsourcing services.
The success of your company is directly proportional to how thoroughly your customers
are satisfied with you .The satisfaction score of a customer is a critical determinant that
portrays how far fetched their loyalty will go on. While it is said that sales is the engine that
is driver of your business, customer satisfaction is the one that acts fuel. Only a fully
satisfied customer will revert to you and will do more business. There are four levels of
customer satisfaction that stand as a testament to glorying customer success.
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Well lets face it the entirety of your business depends on the customers. The
minimum, basic requirement that is asked from you to sustain the market is the ability to
meet the exceptions of a customer . This is the only level where you know that your
customers are happy ,fulfilled ,and will not carry any severe grudge against you And on
similar tracks , they won’t have loyalty for you too.
But do not assume that since you are on the first level , you are entitled with no efforts
at all. If in the meanwhile ,a competition of yours does something greater than just meeting
their expectations, you lose the chance to retain them .Not just ,your customers will now give
away their customer loyalty .Brownie points to someone whom they really want to. Surviving
the first step ,you will have to learn the skill of package the punch in the first go.
Now ,it is time to go beyond more expectations. So how do you redeem yourself in
this category. A friendly customer service that provides impromptu solutions, followed by
regular feedback sessions might put you at this level , you must know that satisfaction for a
customer means more than just subscribing to your product.
You will have to come up with a multitude of additional causes that can give you an
edge over your competitions. Exceeding their basic expectations here will build treasure trove
of customer retention and will eventually augment your profitability bar. Once a user sees
that you are ready to surpass their will most likely be eager to pay more and stick around for
a longer time.
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It is human tendency to fill for things that give them pamper and attention . The same
principle goes for the customers too .Once they come and see your abode of love , respect ,
and dedication , you are assured to put a smile on their face. On the third level, a customer
served here is indeed delighted.
Not only they saw that their basic expectations have been met and surpassed, but you
as a company have connected with them on an emotional note too. This accounts to be the
beginning of wreathing their yours away from the clutches of a vying competitor is difficult
and impossible for some.
While you make sure that you are delighting your customers , you are in a way
paving the route to building a well-profitable business with an enriching revenue bar. It is not
always expensive , trophy gifts hat retain a customer . You can delight them in myriad cost-
effective ways too. All they need from you at the end of the day is empathy and deviation
above the rest.
As you walk into the final level, you are looking at propelling your business in
financial ways. At this top level of customer satisfaction , you will have to bring you’re a
game and amaze your customers more than ever . Some of the simple yet significant include
lunching a revamped version of a product update that goes way beyond what they had
expected. Freebies too are a great way too keep them amazed.
A customer by default has a thing towards getting discounts, special promotes codes ,
and loyalty programs . These methods will almost simmer down on the bulging churn rates.
On top of that , adding a personalized notes that goes along with these freebies is like on a
cake. Receiving regular customer feedback too is a good way to show them that you are
listening and that their suggestions are truly welcome. This will add in moving your business
higher in the customer satisfaction hierarchy and strive to get more brand loyal.
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Brands need to understand customer satisfaction benefits before they invest effort and
resources in processes and systems to improve their CUSTOMER SATISFACTION score.
Here are some key benefits of customer satisfaction that all brands need to take into account.
1. Customer loyalty
When your customers are satisfied, they believe in the brand and become loyal. These
loyal customers give brands repeat business and form a major part of the revenue. Losing
customers takes a huge toll on your business revenue and customer churn numbers. Adobe’s
report said loyal customers spent 67% more than new ones via repeat orders, up sells, etc.
Add to this the positive word of mouth to friends and family from your loyal customers, and
it really starts to add up. Satisfied existing customers feel they can promote the brand to their
loved ones for the great experiences they’ve had.
2. Support pillars
Satisfied customers are more likely to stand by in times of crisis; they care for the
brand and want to see it thrive. This has been observed in many cases for big brands such as
McDonald’s, when there rumors of caterpillars in their foods. They trust the brand and are
understanding of any shortcomings or crisis that may befall them.
3. Sales revenue
Brands focusing on customer satisfaction actively have healthy sales revenue. They
do not lose old customers and have a steady revenue stream from repeat business. Customer
satisfaction and increased revenue are directly correlated. Satisfied customers stay loyal to
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your brand, interact with it, buy after, and make recommendations to their colleagues, friends,
and family. Run online customer surveys to note which areas are impacting customer
satisfaction negatively and need improvement. This will help improve customer satisfaction
and reduce customer churn.
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NPS surveys
Net Promoter Score surveys help analyze customer loyalty and are frequently used
regularly in CUSTOMER SATISFACTION surveys. This blog details how your brand can
get a good NPS score.
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When customers talk about your brand, its products, or services, it shows how they regard
your brand. With social media, customers have the ability to provide instantaneous feedback.
This could be good or bad. Using social media channels such as Face book, Instagram,
LinkedIn, or Twitter can help you gauge customer satisfaction, use these channels, and
leverage their tools such as reviews, live polls, etc.
can help your manage your customer experience initiatives, track and measure them.
Try the platform, you do need to put in your credit card, and signing up takes less than
a minute.
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Meesho provides its customers with timely and secure payments, shipping services,
and low returns. With more than 2 million resellers and 20,000 manufacturers, this startup
aims to diversify more to reach 100 million monthly transacting users by December 2022.
Company Profile
Legal Name Meesho Inc.
No. of
employees 2790 (+5 percent)
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Valuation
Meesho competitors – Deal Share, Glow Road, Shop101, Volusion, Elena’s, huboo, Drop,
and Store Hippo
Even when facing tough competition from the likes of Amazon and Flip cart, Meesho has
been able to register strong growth over the years . The focus on promoting local producers,
sellers and creators has contributed significantly to Meesho’s success. Meesho recently
achieved the unicorn tag , which goes on to show its growing worth an potential.
Coming from middle class families , the founders had often purchased goods from small
businesses. However, when they looked at the e-commerce revolution taking place in the
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country ,they realized that majority of small businesses were left out. Same was the situation
with a number to talented individuals who had unique products to offer but weren’t able to
sell online . This prompted the founders to design a platform that will allow producers and
resellers to launch their products online . Instead of directly competing with e-commerce
giants, the founders thought it suitable to use social platforms for their business.
The focus on tier 2 and tier 3 cities is another factor that has helped Meesho register strong
growth . However , competition is expected to get tougher ,as e-commerce giants too have
stepped up focus on smaller cities and towns . Nonetheless , with its unique business
approach and through social selling ,Meesho is confident about its future prospects . The
company has plans to on-board 100million small businesses on its platform . This will
significantly strengthen its ecosystem and choices available to end users.
FUNDING
Meesho has received investment worth USD 515.2million via 9 rounds of funding . Some of
the key investors include combinatory ,SAIF partners sequoia India , Shunwei capital ,DST
partners ,RPS venture ,venture Highway ,Face book ,Naspers . Softbank vision Fund and
Knoll wood investment Meesho has also received investments from a number of angle
investors.
ACQUSIONS
COMPETTORS
Meesho competes with the likes of Deal Share , Glow Road , Shop101,and Store Hippo.
Meesho was founded by IIT graduates Vidit Aatrey and Sanjeev Barnwell. Vidit currently
services as the CEO of Meesho .Earlier ,he had worked with companies such as InMobi and
ITC ltd . Sanjeev currently services as the CTO at Meesho .Earlier ,he had worked with Sony
corporation and Samsung.
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CHAPTER-3
RESEARCH METHODLOGY
Research is a very general term for an activity that involves finding out, in a more or
less systematic way, things you did not know. A more academic interpretation is that research
involves finding out about things that no-one else know either. It is about advancing the
frontiers of knowledge. Research is an academic activity and as such the term should be used
in a technical sense. According to Clifford Woody research comprises defining and
redefining problems, formulating hypothesis or suggested solutions; collecting, organising
and evaluating data; making deductions and reaching conclusions; and at last carefully testing
the conclusions to determine whether they fit the formulating hypothesis.
DEFINITION
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source may call data collection techniques “methods,” for instance. But whatever labels we
use, the general concepts and breakdowns apply across the board whether we’re talking about
marketing analysis or a scientific research project.
The two methods are.
1. Primary Data
2. Secondary Data
Primary
As the name implies, this is original, first-hand data collected by the data researchers.
This process is the initial information gathering step, performed before anyone carries out
any further or related research. Primary data results are highly accurate provided the
researcher collects the information. However, there’s a downside, as first-hand research is
potentially time-consuming and expensive.
Secondary
Secondary data is second-hand data collected by other parties and already having
undergone statistical analysis. This data is either information that the researcher has tasked
other people to collect or information the researcher has looked up. Simply put, it’s second-
hand information. Although it’s easier and cheaper to obtain than primary information,
secondary information raises concerns regarding accuracy and authenticity. Quantitative data
makes up a majority of secondary data.
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CHAPTER-4
Data has been the buzzword for age now. Either the data being generated from large-scale
enterprises or the data generated from an individual ,each and every aspect of data needs to
be analyzed to benefit yourself from it. But how do we do it well ,that’s where the term ‘Data
Analytics’ comes in. In this blog on ‘what is Data Analytics’ you will get an insight of this
term with a hands on.
DATA ANALYSIS means the ordering, manipulating, and summarizing of data to obtain
answers to research questions. Its purpose is to reduce data to intelligible and interpretable
from so that the relations of research problems can be studied and tested.
Quantitative data analysis is one of those things that often strikes fear in students. It’s
totally understandable quantitative analysis is a complex topic, full of daunting lingo, like
medians, modes , correlation and regression .Suddenly we’re all wishing we’d paid a little
more attention in math class….
The good news in that while quantitative data analysis is a mammoth topic , gaining a
working understanding of the basic isn’t that hard , even for those of us who avoid
numbers and math. In this post ,we’ll break quantitative analysis down into simple , bite -
size chunks so you approach your research with confidence.
RESEARCH INSTRUMENT:
The different instruments are used to analyzed the data, they are:
QUESTIONNAIRE
The questionnaire includes multi choice answers to be chosen by the respondents.
TABLES
This study uses tables respondents the data from the various customers , they are
represented both number of samples and percentage.
GRAPHS
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The study also employs graphs to represent the data in the table to give better
impression and interpretation of percentage in the table. The graphs used are Bar
graph.
5%5% age
30%
18 to21
22 to25
60%
26 to30
31 to 44
Analysis:
Table-2
Chart Title
Females
40%
Male
60%
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Analysis:
Chart Title
brand
price
5%5% 20% quantity
design
Analysis:Table-3 service Depicts the Price of
Meesho preferred 70% by the customer. From the
table it is observed that most of the sample
respondents given priority to the price of the for purchase followed by storage by 35 %,
processor by 15 %, and the rest by others. From the above it revealed that, most of users are
selected Samsung mobiles based on its features and least members are selected based on
other features.
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very often
20% 5%5%
often
sometimes
rerely
never
70%
Analysis:Table-4 Depicts the often purchase in Meesho preferred by the customer. From the
table it is observed that most of the sample respondents given priority to the purchasing
sometimes only in the Meesho followed by rarely 20%,often and very often by 5%, From
the above it revealed that, most of users are selected sometimes based on their convenience
and least members are selected often and very often.
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Analysis:Table-5 Depicits that preferred time by the customers to Meesho. From the table it
is observed that most of the sample respondents given priority to night and evening hours to
shop in Meesho followed by anytime20%,and break hours10%. From the above it revealed
that, most of users are selected night and evening and least members selected work hours and
break hours.
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Chart Title
not every day less than 1 hour
1-2 hours 2-5 hours
5%
25%20% more than 5
5% hours
45%
Analysis:Table-6 Depicts that using of internet per day to shopping in Meesho usage of
internet per day on an average by using customer. From the table it is observed that most of
the pepole1-2hours respondents given priority to the1-2 hours45% only in the Meesho
followed by rarely 20%,often and very often by 5%, From the above it revealed that, most
of users are selected sometimes based on their convenience and least members are selected
often and very often.
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Chart Title
almost every
day
5% once in a week
45% once in 6
50% months or
more
Analysis: Table-7 Depicts the often purchase in Meesho preferred by the customer. From the
table it is observed that most of the sample respondents given priority to the purchasing once
in a week only in the Meesho followed by once in 6 months45% and almost every day5%.
From the above it revealed that, most of users are selected once in a week based on their
convenience and least members are selected almost.
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Chart Title
search offline and
buy online
10%10% search online and
buy online
search online and
80% buy offline
Analysis: Table8 Depicts that buying patterns of online shopping in Meesho . From the
table it is observed that most of the respondents given priority to the search online and buy
online80% only in the Meesho followed by search offline and buy online and search online
and buy offline 10%. From the above it revealed that, most of users are selected search
offline and buy online and least members are selected search offline and buy online and
search online and buy offline.
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Chart Title
At office/Insti-
tution
5%5%
At home
Through frriend
Collect from
courier office
90%
Analysis: Table9 Depicts that mode of delivery of the product you is preferred in Meesho .
From the table it is observed that most of the respondents given priority to the at home 90%
only in the Meesho followed by rarely at office/institution .From the collect from courier
office5% above it revealed that, most of users are selected sometimes based on their
convenience and least members are selected at office/institution and collect from courier
office.
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Chart Title
credit card/debit Cashon delivery
card
5%
Intenet banking E wallets
95%
Analysis: Table10 Depicts that payments methods you used in internet shopping. From the
table it is observed that most of the respondents given priority to the cash on delivery only in
the Meesho followed by e-wallets5%. From the above it revealed that, most of users are
selected based on their convenience and least members are selected e wallets.
11.How much amount in rupees spent for internet shopping in the last 10 months?
Table-11: Amount Spent for online shopping for the last 10 months
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Chart Title
0-100
100-500
20%
35% 500-2500
2500-10000
10000 and more
45%
Analysis:Table11 Depicts that amount spent in online shopping in the last 10 months
preferred by the customer. From the table it is observed that most of the sample respondents
given priority to the500 to 2500 45% followed by 100 to500 35%, and 2000 to 10000 20 per
cent and the rest by others. From the above it revealed that, most of users are selected
Meesho based on its 500 to 2500 and least members are selected based on other 2500 to
10000.
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Chart Title
fashion acces- sports/ games
sories/shoes equiment
10% books and ac- mobile and ac-
5% cessories cessories
other
85%
Analysis: Table 12 Depicts that products you buy more in Meesho. From the table it is
observed that most of the respondents given priority to the fashion accessories/shoes85%
only in the Meesho followed by mobile and accessories 10% and sports and games 5%.
From the above it revealed that, most of users are selected fashion accessories/shoes and
least members are selected sports.
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Table-13 : past experience of the sampe respondents with online shopping from meesho
Chart Title
very much satisfied
5% 15% saatisfied
15% neutral
not satisfied
not at all satisfied
65%
Analysis: Table 13Depicts that past experience with online shopping from Meesho. From the
table it is observed that most of the respondents given priority to the satisfied 65 per cent
only in the followed by very mush satisfied and not at all satisfied 15per cent From the
above it revealed that, most of users are selected satisfied and least members are selected
neutral.
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Chart Title
yes
35% no
65%
Analysis: Table-14Depicts that problem faced in online shopping. From the table it is
observed that most of the respondents given priority to the Yes only in per cent followed
by No35per cent. From the above it revealed that, most of users are selected yes least
members are selected no.
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Chart Title
not definitely
not probably
5%5% 21%
may or may not
5% probably
63% definitely
Analysis: Table15 Depicts that online shopping is preferable by users in next 3 month. From
the table it is observed that most of the respondents given priority to the may or may not
63% ,not definitely 21% followed by not definitely 21% , not probably 6% and not definitely
and definitely 5% only in the Meesho. From the above it revealed that, most of users are
selected least members are probably and definitely .
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Chart Title
easy payment
25% no hidden cost
wide range of
55% product
10%
not travel to shop
10%
Analysis: Table16 Depicts that reasons for buying in Meesho .From the table it is observed
that most of the pepole1-2hours respondents given priority to the not travel to shop55%,easy
payment 25% and wide range of product and no hidden cost10% followed by often by not
travel to shop.55%. From the above it revealed that, most of users are selected sometimes
based on their convenience and least members are selected wide range of product and no
hidden.
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Chart Title
strongly disagree
5%10% disagree
neutral
20% agree
65% strongly agree
Analysis: Table 17 Depicts that risk faced by customer by using online shopping in Meesho.
From the table it is observed that most of the respondents given priority to agree 65% only
in the Meesho followed by neutral 20%, disagree 10% and strongly disgree5%. From the
above it revealed that, most of users are selected Agree65% and least members are selected
strongly disagree.
18.Do you feel that online shopping easy when you compare with offline shopping?
Table-18 feeling of customers about ease of online shopping than offline shopping
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Chart Title
strongly disagree
10% disagree
45% neutral
agree
45% strongly agree
Analysis: Table-18 Depicts that comparison shopping of online shopping to offline is easy
to the customer. From the table it is observed that most of the respondents given priority to
the Natural and Agree 45% and Disagree 10% followed by . From the above it revealed that,
most of users are selected sometimes based on their convenience and least members are
selected disagree.
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Chart Title
35%
yes
No
65%
Analysis: Table-19 Depicts that you recommend that online shopping to non-online
shopping users. From the table it is observed that most of the people Yes65%and No 35%
respondents given priority to the only in the Meesho followed by Yes65% and No 35%.
From the above it revealed that, most of users are selected sometimes based on their
convenience and least members are selected No.
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CHAPTER:5
FINDINGS,SUG
GESTION,
CONCLUSION,
REFERENCE
FINDINGS
SUUGESTIONS
Pepoles are getting awarenes only through than moblie phones. It will not reach more
pople so he awareness should be done in all TV, News papers etc…,
This Meesho app is fully focus on Home makers it is a good effort but it should reach
all the age group peples.
Good application keep this achivement and work more to make some new
develpoments in online sellingfield.
Delivery charge can be reduced.
Product Quality can be improvedeven more better.
CONCLUSION
On this study we came to know that the awareness about the Meesho app is very among
the people. But the users of Meesho app were very comfortable and they are benefited by the
application . Promotional activates must be improved to increase the users of Meesho app .
Most of the respondents are women so women are becoming an successful entrepreneur so
that our economy also becoming developed . The procedure can be they business easily and
comfortable and they will recommend others to use this application. This study will support
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the Meesho app to change their mistake and improve the users of the Meesho app to earn
more profile.
REFERENCE
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