I will explain this in a very simple manner & this analogy could help Seed company to see one more pattern in Kaleidoscopic world.

I hope you have got convince, I can correlate this with the simple insight is I purchase any stock/ bond with the expectation that it should give me return, it highly involved category there is not impulse buying, I read/study before investing, same is our farmer they visit seed demo, performance, take words from key opinion leader & then decide whether to purchase or not.
What all these stock companies does that they promote what ever good they are doing so that investor confidence build up & invest in their stock/mf but it’s not one time they want the investor should continue investing & when will he do only if their commitment on earlier product deliver up to his expectation for which lots of back support service & guidance provided by company & their intermediaries who sells their products.
Same applies to SEED Industry, Marketing communication is must but we should not forget the after sales service b’cos that’s where the market dynamics comes in picture & which make farmer emotional. If they see value to associate with you they won’t hesitate to pay more or recommend your products to others. This will also help to build loyalty towards your product & services.
Marketing communication & promotion would help to enquire about your product at sales counter but hand hold service is the mantra of today mkt. world which ensure the repeat purchase & shift this towards loyalty.
Cheers,
Rav
Good Jain Sahab. Keep writing in the blog so that we can get updated information. Great!!
ReplyDeleteright Ravish ... for that matter all business are simmilar .... there is a product / service ... which need to be sold to a customer and there is a value attached to that product and service (what we call revenue) at the same time there will certain cost of that product / service ... and Revenue - Cost = Profit .... so bottom line for all business be it seed, stock or any other industry is Profit .!!
ReplyDeleteKeep the enthu on !! .... Cheers !!