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INTRODUCTION
1.1 TOPIC
The main purpose of this project is to provide an approach for analyzing market structure in
terms of brand loyalty and brand awareness for the purchase of Pearl Club Services. Ideally,
your brand should be the first one that comes to your mind within specific product categories
and associated with key consumer benefits. Consumers should be able to identify which
products and services brand offers. They should also be able to identify which benefits are
associated with the brand. It is also useful to segment the market, based on brand loyalty and
brand awareness and to understand the needs of loyal customers and potential awareness, as
well as their attitude towards key brand attributes. The goal of this project is to create
awareness among the consumers that there are different brands in the product categories in
which the brand operates, and also to measure the consumer's behavior of repeatedly
purchasing a specific brand over a certain period of time. It is also useful to segment the
market, based on brand loyalty and brand awareness and to understand the needs of loyal
customers and potential awareness, as well as their attitude towards key brand attributes. A
person's attitude toward a brand is relevant to the degree of their brand loyalty. Brand
awareness is linked to consumers brand preferences, that salient brands are high in both
intentions to buy the brand and brand loyalty. It is a well known fact that a distinctive brand
identity is one of the most influential factors in determining how consumers differentiate
between similar products and services. Both tools are separate in practice, but also used in
combination with each other. It is the also the key to attracting new customers and retaining
existing customers. The intent of this study is to provide insights of the needs of two groups
of customers, repeat buyers and operations of the brand, in order to help corporations develop
appropriate marketing strategies.
1.2 COMPANY
Pearl club is all about exciting offers, exclusive deals and best discounts available for our
members. Also the pearl club is known for merchant benefits in which we have designed
exclusive promotional programs, advertisements campaigns to increase their sales of existing
as well as new business which could turn them into a profits. We are the J & ks first ever
marketing company dealing in loyalty services. Here entering this club or becoming a
member in the club you will be entitled to the best of the best deals available for all club
members. Pearl Club has been visualized, conceptualized and developed by Pearl Club
Services Pvt. Ltd. a Jammu based marketing company that has pioneered in the field of sales
incitement and customer loyalty programs. The key to any concept has always been
simplicity and we have tried to keep the buying, activation, usage and service of Pearl Club
Membership Card to be very simple.. We started Pearl Club Membership in August, 2016 and
in very short span of time have managed the largest database of offers and deals in the
country. Pearl Club Membership Card offers a very simple modus operandi where you just
need to carry your Pearl Club Membership Card while going to shop or dine out and it will
help you save each time you will spend.
Our mission
PEARL CLUBCARD provides the best offers & gives PEARL CLUBCARD member the
best experience at their favourite outlets, so they can have customer delight.
Our vision
THE PEARL CLUBCARD IN EVERY WALLET AND ALL USING IT FOR SAVING
MONEY ON EVERY PURCHASE BY GETTING THE BEST DEALS
Killer offers/deals from most sought after restaurants, night clubs, health clubs, beauty chains,
spas, health care chains, tattoo studios and much more in your city and across India.
Handpicked specially for you.
Ever hear the 80/20 rule - where 80 percent of your sales will come from 20% of our
customers? Customer retention is the key to healthy business growth. We can help you retain
your most valuable customers.
Keep Customers
Facilitate Communication
Cross Branding
Service Deffrentitaion
General
1. This PEARL CLUBCARD will be valid for 1 year and membership fee will be Rs, 2000/-
(Rupees Two Thousand only).
2. In case of loss of PEARL CLUBCARD, the card holder must report to the issuing authority
of PEARL CLUBCARD.
4. PEARL CLUBCARD holder does not confer any other rights/privileges, except discounts,
as stated in our tie ups above.
5. Membership fee of Rs, 2000/- (Rupees Two Thousand only) is valid for one year in the
first instance. Card has to be renewed thereafter, after paying the renewal fee of THEN
PRESENT CARD FEE within 7 days after the date of expiry of the card failing which the
card issued shall stand cancelled and card holder will have to apply for new PEARL
CLUBCARD. This card shall not be transferable to any other person. Only the cardholder
will be entitled to avail the discount.
8. Do intimate us promptly for any changes in your particulars recorded with us, like (Change
in address or telephone number).
10. Any dispute arising from the offer of PEARL CLUBCARD shall be subject to jurisdiction
of courts of J&K only.
11. The above terms and conditions/revised rates shall be applicable from 1.4.2017.
Notifications
1. Pearl Club will be sending any Transactional messages (SMS) to Registered users to notify
them for any activity regarding their accounts with Pearl Club.
Declaration:
I have gone through the terms and conditions stated above and i promise to abide by all of
them.
2. ________ ____________
CHAPTER 2
Review of Literature
2.1 Review of Literature
Literature Review is the documentation of a comprehensive review of the published and
unpublished work from secondary sources of data in the areas of specific interest to the
researcher.
The main aim is to find out problems that are already investigated and those that need further
investigation It is an extensive survey of all available past studies relevant to the field of
investigation. It gives us knowledge about what others have found out in the related field of
study and how they have done so.
One of the most comprehensive and most cited conceptual definitions of brand loyalty was
forwarded by Jacoby and Chestnut (1978). Jacoby et al, defines brand loyalty as the biased,
behavioural response, expressed over time, by some decision-making unit, with respect to
one or more alternative brands out of a set of such brands, and is a function of psychological
decision-making, evaluative processes.
Cunningham (1956) identified three definitions of brand loyalty comprising; customers lost
and gained over specific time periods; time sequences of individual purchases and share of
the market (Smith). Olsen and Jacoby (1971) used factor analysis to conceptualised brand
loyalty and found that brand loyalty is related to; percentage of purchase devoted to the most
purchased brand, number of different brand purchased over the past two years, number of
times the favourite brand was purchased out of the last five purchases, three consecutive
purchases out of the last five purchases and the actual number of consecutive purchases of
favourite brand out of the last five purchases (Smith). Based on the summary by Smith brand
loyalty as defined by Cunningham (1956), Day (1969) Buford, Enis and
Paul (1971), Olson and Jacoby (1971) behavioural loyalty is expressed in the form of
repeated purchase of the brand (Smith, 2003).
David A. Aaker defines brand loyalty as the measure of attachment that a consumer has
towards a brand. Brand loyalty according to him reflects how likely a consumer will be to
switched brands when that brand makes a product change either in price or product features.
Aaker states that the core of a brands equity is based on customer loyalty. Therefore if
customers buy with respect to features, price and convenience with little concern to the brand
name, there is perhaps little equity (Aaker, 1991).
Aaker conceptualises brand loyalty as a pyramid with five tiers. The bottom represents the
non-loyal consumers who are indifferent to the brand and who perceived any brand as being
adequate whereby the brand name has little influence over buying decisions. The second
level are those who are satisfied with the product or are at least not dissatisfied. The next
level are the satisfied buyers with switching costs, those who do not want to risk changing
product and may be termed habitual buyer. The next level are loyal buyers who considers the
brand as a friend. The fifth level is the committed buyer or those who are extremely loyal to
the brand. They comprise those who are proud users and will recommend the product to
others (Aaker, 1991).
CHAPTER 3
OBJECTIVES AND SCOPE
9
3.1 OBJECTIVES OF STUDY
1. To measure the Brand awareness and Brand loyalty of Pearl Club Services
Pvt. Ltd.
2. To find out the companys position in the market.
3. To find how much customers in the market are aware about the company.
4. To find out the loyal customers of Pearl Club Services Pvt. Ltd.
5. To determine the factors which is affecting promotional activities.
6. To find out drawbacks of the brand.
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CHAPTER 4
RESEARCH METHODOLOGY
11
RESEARCHJ METHODOLOGY
The research has been conducted within the data and information available to gain
familiarity with the problem, to generate new ideas or to make a precise formulation
of the problem. The current scenario is observed and an attempt has been done to
relate the various variables.
The major purposes of exploratory studies are the identification of problems, the more
precise formulation of problems (Including the identification of relevant variables),
and the formulation of new alternative courses of action. An exploratory study is often
the first in the series of projects that culminate in one concerned with the drawing of
inferences that are used as the basis of management action. That is, an exploratory
study is often used as an introductory phase of a larger study and results are used in
developing specific techniques for the larger study. Secondary sources of information,
as used in the section, are the rough equivalent of the Literature on the subject.
Primary Data Collection: -The primary data are collected through survey method.
Survey method is undertaken to find the customer satisfaction and brand loyalty. A
survey was conducted among the people of Jammu City by the aid of well-structured
questionnaire. The population for the study consists of people who are customers of
Pearl Club Services Pvt. Ltd.
12
Secondary Data Collection: - Secondary data will consist of different literatures like
books which are published, articles, internet, and the companys websites.
Sample Size:
The sampling size includes male and female users from different occupation, age. The
sampling size was restricted to 60 because of the time constrains.
Sampling technique:
Here, convenient sampling technique has been adopted for collecting the primary
data.
Statistical tools
Pie charts.
13
CHAPTER 5
DATA ANALYSES AND
INTERPRETATION
14
Q1) To which age group do you belong?
1. 16-26 12 20
2. 26-36 18 30
3. 36-46 16 27
4. 46-56 8 13
5. 56 & 6 10
above
6. Total 60 100
AGE GROUP
56 & Above
10% 16-26
20%
46-56
13%
26-36
36-46 30%
27%
1. Social Media 26 44
2. Enquiries 13 22
Contact Form
3. Email 11 18
4. Telephone 5 8
5. Other 5 8
6. Total 60 100%
Social Media
44%
Email
18%
Enquiries Contact
Form
22%
Interpretation:- Social media channels are preferred for customer service with
44% respondents choosing Social Media as a channel for customer service.
16
Q3). Do you experiment with different brands?
1. Yes 34 57
2. No 14 23
3. Sometimes 12 20
4. Total 60 100%
Yes
57%
No
23%
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4) Customer Service experience via social media is better and quicker.
1. Strongly Disagree 4 7
2. Disagree 6 10
3. Neutral 12 20
4. Agree 20 33
5. Strongly Agree 18 30
6. Total 60 100%
SOCIAL MEDIA
Strongly Disagree
7%
Disagree
Strongly Agree 10%
30%
Neutral
20%
Agree
33%
Interpretation:-It reveals that in total 83% results are in favour of Social media
being better and quick for customer service experience.
18
5) Good customer service effects brand loyalty.
1. Strongly Disagree 4 7
2. Disagree 5 8
3. Neutral 11 18
4. Agree 36 60
5. Strongly Agree 4 7
6. Total 60 100%
Neutral
18%
Agree
60%
Interpretation:-It reveals that 60% respondents agree that customer service affects
brand loyalty.
19
6) Incentivizing customers for increasing engagement shows brand loyalty.
1. Strongly Disagree 8 13
2. Disagree 12 20
3. Neutral 20 34
4. Agree 12 20
5. Strongly Agree 8 13
6. Total 60 100%
Agree Disagree
20% 20%
Neutral
34%
Interpretation:- Extra incentives gives a total of 33% percent positive results for
increasing customer engagement.
20
7) Timely discounts increase brand loyalty.
1. Strongly Disagree 4 7
2. Disagree 5 8
3. Neutral 18 30
4. Agree 15 25
5. Strongly Agree 18 30
6. Total 60 100%
TIMELY DISCOUNTS
Strongly Disagree
7%
Disagree
8%
Strongly Agree
30%
Neutral
30%
Agree
25%
Interpretation:- It reveals that 30% respondents are neutral about timely discounts
offered by the company.
21
8) Reward Mechanism engages customer with brand regularly.
1. Strongly Disagree 2 3
2. Disagree 4 7
3. Neutral 18 30
4. Agree 22 37
5. Strongly Agree 14 23
6. Total 60 100%
REWARD MECHANISM
Strongly Disagree
Disagree
3%
Strongly Agree 7%
23%
Neutral
30%
Agree
37%
Interpretation:- It reveals that 60% people agree and strongly agree to the fact of
reward mechanism engages customers with brand regularly.
22
9) After sale service helps to promote new products.
1. Strongly Disagree 2 3
2. Disagree 2 3
3. Neutral 16 27
4. Agree 24 40
5. Strongly Agree 16 27
6. Total 60 100%
Neutral
27%
Agree
40%
Interpretation:- Only 6% of the respondents feel that after sale service do not
promote new products.
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10) You Trust Pearl Club Services.
1. Strongly Disagree 3 5
2. Disagree 4 6
3. Neutral 19 32
4. Agree 21 35
5. Strongly Agree 13 22
6. Total 60 100%
TRUST
Strongly Disagree
5% Disagree
Strongly Agree 6%
22%
Neutral
32%
Agree
35%
24
11) The prices of products are as per your expectations.
1. Strongly Disagree 5 8
2. Disagree 6 10
3. Neutral 15 25
4. Agree 24 40
5. Strongly Agree 10 17
6. Total 60 100%
PRICES
Strongly Disagree
Strongly Agree 8%
17%
Disagree
10%
Neutral
25%
Agree
40%
25
12) Products of pearl club meets your needs.
1. Strongly Disagree 1 2
2. Disagree 5 8
3. Neutral 16 27
4. Agree 28 46
5. Strongly Agree 10 17
6. Total 60 100%
PRODUCTS
Strongly Disagree
Disagree
Strongly Agree 2%
8%
17%
Neutral
27%
Agree
46%
Interpretation:- It reveals that overall products and services of Pearl Club meets
customer needs.
26
13) Price sensitivity is a major factor for band loyalty.
1. Strongly Disagree 4 7
2. Disagree 4 7
3. Neutral 12 20
4. Agree 28 46
5. Strongly Agree 12 20
6. Total 60 100%
PRICE SENSTIVITY
Strongly Disagree
Strongly Agree 7% Disagree
20% 7%
Neutral
20%
Agree
46%
27
14) Communication strategies help build a good brand image.
1. Strongly Disagree 6 9
2. Disagree 2 3
3. Neutral 15 21
4. Agree 22 31
5. Strongly Agree 25 36
6. Total 60 100%
COMMUNICATION STRATEGIES
Strongly Disagree
9%
Disagree
3%
Strongly Agree
36%
Neutral
21%
Agree
31%
28
15). Quality products helps maintain standard of living.
1. Strongly Disagree 0 0
2. Disagree 2 3
3. Neutral 15 20
4. Agree 12 25
5. Strongly Agree 31 52
6. Total 60 100%
QUALITY PRODUCTS
StronglyDisagree
Disagree
0% 3%
Neutral
20%
Strongly Agree
52%
Agree
25%
Interpretation:- Only 3% respondents feel that quality product does not increase
standard of living.
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16. Free trials increase brand engagement.
1. Strongly Disagree 8 13
2. Disagree 8 13
3. Neutral 16 27
4. Agree 12 20
5. Strongly Agree 16 27
6. Total 60 100%
FREE TRIALS
Strongly Disagree
13%
Strongly Agree
27%
Disagree
13%
Agree
20% Neutral
27%
Interpretation:- 27% respondents are neutral about the fact that free trials affect
brand engagement.
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17. Pearl Club network provides tailored individual benefits.
1. Strongly Disagree 5 8
2. Disagree 4 7
3. Neutral 11 18
4. Agree 30 50
5. Strongly Agree 10 17
6. Total 60 100%
TAILORED BENEFITS
Strongly Disagree
Strongly Agree 8%
17% Disagree
7%
Neutral
18%
Agree
50%
Interpretation:- 50% respondents get tailored benefits form Pearl Club Service.
31
18. Association of product with a particular group of company lead to reference of
different products.
1. Strongly Disagree 1 2
2. Disagree 6 10
3. Neutral 16 27
4. Agree 23 38
5. Strongly Agree 14 23
6. Total 60 100%
Neutral
27%
Agree
38%
Interpretation:- 27% respondents are neutral about the associations and reference
of the company.
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CHAPTER 6
FINDINGS
33
FINDINGS OF THE STUDY :
34
CHAPTER 7
LIMITATIONS
35
LIMITATIONS OF THE STUDY
3. Respondents were not serious about giving answers to the questions carefully.
36
Chapter 8
Conclusions and Recommendations
37
Conclusions
Brand awareness is well known concept to the customers of the current era. The
customers know the strategies used by different organizations to increase their brand
awareness. Once people start using products and services of a company, the strategies
of increasing brand loyalty are started by the company. Brand loyalty means that a
customer returns to the same brand every time in need of a certain product or service
offered by the company.
The fact that consumers of today, know the facts, strategies used by companies to
increase brand loyalty, makes them more demanding with what type of extra services
or efforts they are expecting from the company.
Mass audience is positive about the efforts taken by the company to increase brand
loyalty and brand awareness.
Hence company should do deeper analysis of what tailor needs and wants of
customers can the company fulfill to stay for a long term in its respective market.
38
Recommendations
3. Promotion of new products should cater all the customers from time to time.
39
BIBLIOGRAPHY
40
BIBLIOGRAPHY
REFERENCE BOOKS:
WEBSITES:
1. www.google.com
2. www.wikipedia.org
41
ANNEXURE
42
QUESTIONNAIRE
Personal Information
1. Name:
2. Age:
(a) 16-26 (b) 26-36 years (c) 36-46 years (d) 46-56 years (e) 56 years & above
3. Gender:
(a) Social Media (b) Enquiries Contact Form (c) Email (d) Telephone (e) Other
_________
43
S.no. Statement Strongly Disagree Neutral Agree Strongly
Disagree Agree
1. Customer Service
experience via social
media is better and
quicker
2. Good customer service
effects brand loyalty.
3. Incentivizing customers
for increasing
engagement shows brand
loyalty.
4. Timely discounts
increase brand loyalty.
5. Reward Mechanism
engages customer with
brand regularly.
6. After sale service helps
to promote new products.
7. You Trust Pearl Club
Services.
8. The prices of products
are as per your
expectations.
9. Products of pearl club
meets your needs.
10. Price sensitivity is a
major factor for band
loyalty.
11. Communication
strategies help build a
good brand image.
12. Quality products helps
maintain standard of
living.
13. Free trials increase brand
engagement.
14. Pearl Club network
provides tailored
individual benefits.
15. Association of product
with a particular group of
company lead to
reference of different
products.
44