Professional Documents
Culture Documents
(Deemed To Be University)
Pune,India
Development, Pune
A REPORT ON
2017-2020
Division: B
Certificate from the Company
Certificate of Originality
Director IMED
Acknowledgment
Apart from my efforts the success of my project depends largely on the
encouragement and guideline of many others. I take this opportunity to
express my gratitude to the people who have been instrumental in the
successful completion of this project. I am gratefully indebted to our
esteemed guide Mrs. Rajita Dixit For her sincere guidance and priceless
support which could have been impossible for us to complete this
project. I express my gratitude to the staff members of the Bharati
Vidyapeeth (Deemed to be University) who directly or indirectly helped
me. I would also like to express my sincere gratitude to all my office
colleagues (WedMeGood). Finally I thank institute of management and
entrepreneurship Development for giving me this golden opportunity to
do my Summer internship in (WedMeGood).
Signature:
Preface
In this era of fast changing world, mere class room teaching is not
sufficient to attain maturity and perfection for application of theory into
practise. The dynamic economy, political and technological environment
in which we live continually place demand on us to change , improve
and learn more about jobs, superiors and subordinates. Two years of
continuous classroom teaching is sufficient for students to implement
directly their knowledge in the market. A practical approach is needed.
I have tried my level best to do justice to the project. And I hope the
study which was conducted will help not only the organisation but also
me and the society too.
DECLARATION ..............................................................................................................................
ACKNOWLEDGMENT ...................................................................................................................
EXECUTIVE SUMMARY ...............................................................................................................
INTRODUCTION ............................................................................................................................
1.1 Company Profile .........................................................................................................................
1.2 How wedmegood procured investments......................................................................................
1.3 What is a web portal?...................................................................................................................
1.4 Different types of web portal.......................................................................................................
1.5 Advantages of web portal............................................................................................................
1.6 Disadvantages of web portal........................................................................................................
1.7 Current scenario...........................................................................................................................
1.8 Problems faced by the company..................................................................................................
1.9 SWOT Analysis...........................................................................................................................
1.10 Different marketing channels.....................................................................................................
1.11 Competitors................................................................................................................................
RESEARCH METHODOLOGY......................................................................................................
2.1 Objectives.....................................................................................................................................
2.2 Research design............................................................................................................................
2.3 Research method..........................................................................................................................
DATA ANALYSIS...........................................................................................................................
FINDINGS........................................................................................................................................
CONCLUSION.................................................................................................................................
BIBLOGRAPH.................................................................................................................................
1. INTRODUCTION
WedMeGood is the visual expression of our thoughts and actions. It conveys to everyone our
intention to constantly inspire confidence. Our customers are the primary audience for our brand.
Indeed, our brand identity is shaped as much by their belief in WedMeGood as it is by our own
vision. Everything we do is always reinforcing the distinctiveness and the power of our brand.
We do this by living our brand essence and by continuously seeking to enhance our customers‟
experience. Our brand essence encapsulates our mission at WedMeGood. It is the singular
representation of our terms of endearment with our customers. It provides the basis on which we
grow profitably in the market by blending together the implicit expectations of our customers.
By exploring the unknown and thereby stretching ourselves towards future.
The Indian Angel Network (IAN) has invested Rs 2.7 crore into a Gurgaon-based
wedding portal, Wedmegood.com that helps prospective couples plan their wedding
from planning to execution. Hemant Kanakia and Alok Mittal have led this round of
investment on behalf of IAN; with Kanakia joining the board of the company.
Web portals are sites on the World Wide Web that typically provide personalized capabilities to
their visitors. They are designed to use distributed applications; different numbers and types of
middleware and hardware to provide services from a number of different sources. In addition,
business portals are designed to share collaboration in workplaces. A further business-driven
requirement of portals is that the content be able to work on multiple platforms such as personal
computers, personal digital assistants (PDAs), and cell phones.
It is commonly referred to as portal, a web site or service that offers a broad array of resources
and services, such as e-mail, forums, search engines, and online shopping malls. The first Web
portals were online services, such as AOL, that provided access to the Web, but by now most of
the traditional search engines have transformed themselves into Web portals to attract and keep a
larger audience
• Vertical Portals: Provide access to a variety of information and services about a particular area
of interest. For example, http://www.wine.com is a vertical portal. Such portals offer
information and services customized for niche audiences (e.g., undergraduates, faculty).
• Horizontal Portals: Often referred to as “megapor-tals,” target the entire Internet community.
Sites such as http://www.yahoo.com, http://www.lycos.com,
and http://www.netscape.com are megaportals. These sites always contain search engines and
provide the ability for a user to personalize the page by offering various channels (i.e., access to
other information such as regional weather, stock quotes, or news updates). Providers of
megaportals hope individual users go to their sites first to access the rest of the Internet. Their
financial models are built on a combination of advertising and/or “click-through” revenues.
WedMeGood helps millions of couples find “the right vendor” for their dream wedding.
Customers can find over 5000+ vendors just at one click. These vendors include- make
up artists, venues, decorators, caterers, wedding planners, designers for both bride and
groom, mehandi artists, jewellery designers, etc.
Customers can read reviews of these vendors, can check out their work, compare with
other vendors and select the right one for their perfect wedding.
Customers can also enquire about the vendor by contacting the respective person.
After availing their services, customers can also share their experiences with them and
can also post a review on vendor‟s profile.
The portal industry is several years old, and vendors come into and out of the market every
month. Since typical licensing and development costs are several hundred thousand dollars or
more, vendor selection is high risk. (In addition to some eight major vendors, a higher-education
consortium is in the process of developing an open framework called the JA-SIG portal.) The
current volatility of the portal market and the lack of agreed upon standards argues for
institutions to wait to jump into a portal unless there is a clear need or benefit that requires one.
Developing a campus portal is a key strategic technology decision that will impact the entire
campus community and every other strategic technology program such as CMS. The decision on
a portal strategy requires careful analysis of long-term and short-term needs.
1.7 Current Scenario
Indian wedding industry is a huge industry. Everyone just spends and doesn‟t think of returns.
Every manufacturer and retailer involved with marriage related goods eagerly awaits the season
to push business. With each passing decade, the Indian weddings are getting grandeur. Three
decades ago, people hardly thought about having a lavish wedding function that has now become
a trend and may be a compulsion.
However, no one‟s complaining, at least not the retailers or associated players because of the
tremendous business opportunities that comes along with it. Let‟s look into it in detail-
Currently, the Indian wedding industry is over Rs. 100,000 crore and is growing to 25 to 30
percent annually. The estimated cost of a wedding with no expenses spared could be between Rs
5 lakhs to Rs 5 crore, in India.
It is also expected, the per capita income will be tripled in a couple of decades and the per capita
consumption of gold during weddings or otherwise will increase. With half of India‟s population
being under 29 years of age, the marriage market is set to boom like never before over the next
five to ten years.
A person, in India, spends one fifth of the wealth accumulated in a lifetime on a wedding
ceremony. That means, a tremendous opportunity for retailers to capitalise on.
1.8 Problems faced by the company
WedMeGood faces a lot of challenges and difficulties while planning a wedding and helping the
couples have their dream wedding.
There are no barriers to becoming a planner, which floods the market with inexperienced
“weekend warriors” who charge too little and don’t provide quality service
The wedding industry‟s greatest challenge is the constant influx of new, uneducated, and
untrained competition. It seems that every bride who falls in love with wedding planning during
her own planning experience thinks she can open a successful consulting business without first
obtaining the proper certifications and training. Their lack of experience, hobbyist attitudes and
often ridiculously low pricing structures tend to create a very unprofessional impression that can
easily extend across the industry.
There are a lack of industry standards to hold vendors accountable for quality products,
good service, and ethics
Bad vendors. There is no regulation in this industry, anyone can say they are a wedding/event
planner and those who are not good at their jobs give the rest of the industry a bad name.
Reality TV has led to unrealistic wedding-day expectations among brides and couples
A major challenge would be the current reality shows. These shows give brides a perception on
wedding planning that just doesn‟t exist, such as walking into a venue and expecting a menu and
cake tasting on the spot with no appointment. It‟s just not the „reality
1.9 SWOT Analysis of the company
STRENGTHS WEAKNESSES
OPPORTUNITIES THREATS
Abundance of exposure since wedding Customers may think that the wedding
planning industry is growing day by day. planning is only for high budget weddings
Expansion of business in other countries. and they may not be able to afford the
New segments in business like Real vendors.
wedding blogs, Wedsta makeup services, Some vendors can also mislead the
etc. customers for their own benefit which will
Company is available to accept new be automatically a threat for company‟s
business ideas. name.
Employment creation. Non-availability of vendors at the time of
requirement.
1.10 Different Marketing Channels of WedMeGood
a) Online Marketing
b) Offline Marketing
a) Social media- WedMeGood uses social media such as facebook, instagram, twitter,
snapchat, etc. to market their brand and help it reach the end number of people around the
globe. They post blogs, give the detailed information about their services, update the
customers about the new ideas, trending things, etc.
Social media is a great platform for WedMeGood to aware their customers about their
brand.
b) Search Engine Optimisation (SEO)- It is the practice of increasing the quantity and
quality of traffic on the website through organic search engine results.
Quality of traffic. You can attract all the visitors in the world, but if they're coming to
your site because Google tells them you're a resource for Apple computers when really
you're a farmer selling apples, that is not quality traffic. Instead you want to attract
visitors who are genuinely interested in products that you offer.
Quantity of traffic. Once you have the right people clicking through from those search
engine results pages (SERPs), more traffic is better.
Organic results. Ads make up a significant portion of many SERPs. Organic traffic is
any traffic that you don't have to pay for.
c) Blogging- WedMeGood writes and posts blogs on their website which also gets published on
various other websites. Blogs help them give customers some idea about how to start their
wedding planning, gives creative ideas or themes for their dream wedding, they also have a
section called as Real Wedding Blogs, where they post the wedding stories of the couples. This
excites all the customers and makes them want to explore wedmegood more.
d) Google ADsense- It is a program run by google through which website publishers in the
google network of content sites serve text, images, videos or interactive media advertisements
that are targeted to the site content and audience. They can generate revenue on per click or
double click or per impression basis.
e) Search Engine Marketing (SEM)- Search engine marketing is a form of Internet marketing
that involves the promotion of websites by increasing their visibility in search engine results
pages (SERPs) primarily through paid advertising.
Offline marketing refers to any type of marketing that does not involve online marketing
(website, social media, email, pay-per-click, blogging, press releases). Effective offline
marketing can be a great complement to your online marketing strategies
Together they have risen over 1.0M between their estimated 932 employees.
WedMeGood's revenue is the ranked 9th among its top 10 competitors. The top 10
competitors average 4.2M. WedMeGood has 33 employees and is ranked 9th among
its top 10 competitors. The top 10 competitors average 87.
2. Research methodology
Research Design is the roadmap for carrying out the research activity in the project of
“DIFFERENT MARKETING CHANNELS AND THEIR IMPACT ON SALES”
We have carried out the research of all the marketing channels adopted by WedMeGood and
studying their impact on sales. As to which marketing channel is most effective and because of
which there is a boost in sales.
For the project under study, the following Research Methodology is used –
1. Customer Survey – Face to Face
2. Customer Survey – Telephonic
3. Feedback Q&A – Customer experience – WhatsApp Messenger
1. Primary data
2. Secondary data
Primary Data Collection Method: The primary data was majorly collected by direct
communication with the clients and customers of the company. For this, I used a
detailed and structured questionnaire which had a predefined set of questions. Further,
I made telephonic calls to the brides and grooms who had availed WedMeGood‟s
services in the past for their wedding ceremonies. The direct interview and telephonic
conversations directly with the customers helped me note down their authentic
wedding experiences with the different wedding vendors that they hired. Also, the
Primary collection of data was done with some key objectives in mind and it turns out
that this mode of data collection is only helpful for a particular period of time.
Secondary data collection method: The secondary data collection was used to add to
the value and worth of the primary data. For this, I referred a few books, journals,
annual reports, database and literature from the organization and other magazines.
Secondary data, the detailed information from publications, internal records, book,
magazines, journals, web services etc. In order to lend initial direction, development of
relationship and formulation of hypotheses, secondary data was collected from all the
sources available.
SAMPLE
Interpretation: It can be said that in the sample size of 100 respondents, 81% were
between 18 and 35 age group. 8% respondents are in between 36 to 45 and 11%
respondents are above 45 years of age.
FEMALE 44 44 44 1
0
0
Interpretation: It becomes visible in the sample size of 100 respondents; 56% of the
respondents were male and 44%Irespondents were female. I observed that females had shared
either their Fiancé‟s contact details or other male member of the family.
Table 3.3: Information about use of online platform for wedding planning
Have you ever used an online portal or mobile application for any wedding planning?
Interpretation: I can infer that in the sample size of 100 respondents about if they have
ever used any online portal/website or any mobile application for any wedding planning in
their families are as follow; 60% respondents said yes and 40% respondents said no.
FOR WHOSE WEDDING PLANNING YOU APPROACHED WEDMEGOOD?
Interpretation: From the above table and figure it is visible that in the sample of 100
respondents approach wedding planning to WedMeGood; 33% respondents said my
own wedding, 27% respondents said my sizzling/cousin, 26% respondents said my
friends/relatives and 14% respondents said my own child (daughter/son)
: Information about client’ satisfaction regarding services of the company
Interpretation: I can infer that in the sample size of 100 respondents, satisfaction from the
services provided by the company are as follow; 62% respondents said yes and 38%
respondents said no.
Interpretation: It becomes clear that in the sample size of 100 respondents; 30%
respondents said they got to know about the company from their family member/relative,
29% respondents said from their friend, 24% respondents said from online advertisement
(Facebook / Instagram/ other social media ads), 12% respondents said from offline
advertisement (newspaper/television ads/other) and 5% respondents said from internet
surfing.
Client’s feedback about correlation between information and services provided
by the company
Interpretation: From the above table and figure it becomes obvious that in the sample size
of 100 respondents; 14% respondents strongly disagree, 13% respondents disagree, 11%
respondents feel neutral, 27% respondents agree, 35% respondents strongly agree about the
authenticity of the information provided at the website of the company.
Client’s viewpoint about attractiveness of promotion strategy
The maximum of the customers of the company are majorly between 18 to 35 years
along with that the data shows that they are those users who use the services majorly
for their own marriage and also those who use the app or website for their
friends/siblings/cousins marriage or maybe just to know more about the trendy
wedding-y ideas. After that the major customer base is above
45 years and uses the app for wedding panning of their children. In this, I can infer that males are
the major users in comparison of females.
The data shows that major users are satisfied with the services provides by company.
But still there is enough number of users who are not satisfied with the services which
suggest that company needs to develop itself in terms of the services provided.
The data shows that major users are satisfied with the services provides by company.
But still there is enough number of users who are not satisfied with the services which
suggest that company needs to develop itself in terms of the services provided.
The data also show that a major portion of clients get to know about the portal either
from their friends or relatives. There is also a considerable number of users who come
to know about it from online marketing such as ads, Instagram, Facebook, online blog
posts etc. There is also a small portion of clients who become aware via offline
marketing channels and internet surfing.
All these efforts and strategies undoubtedly increase the customer base, market share
and sales of the company.
As per the data analysis, we can also say that the services given by the company in
terms of the information provided via mobile app/website and other media is good
enough. This is because the data suggests that a major portion of the customers either
strongly agree or partially agree about it and also give the feedback that the services
provided by the company are highly appreciable. Some believe that the services are
good but still the company needs to develop it‟s strategies and services as they
represent the considerable portion which is not satisfied.
There is also a major portion of customers who feel that the promotions strategies of
the company are attractive, the performance is highly efficient and good along with
that they also would love to recommend WedMeGood to others.
5. CONCLUSION
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6. BIBLIOGRAPHY/REFERENCES
www.wedmegood.com
https://www.glassdoor.co.in/Overview/Working-at-WedMeGood-
EI_IE1372080.11,20.htm
https://yourstory.com/2015/09/wedmegood-funding
https://www.indianretailer.com
https://brainly.in/question/10448
https://www.marketing91.com/marketing-channels/
https://smallbusiness.chron.com
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