With an inhibition like most of my colleagues, as to what
am I supposed to do actually as a part of my marketing project, I walked into
the streets of Mahabalipuram. My pursuit of looking for a business which can
give me insights into the nuances of how a business works took me to the MAMMALLA
ART GALLERY.
The owners order the products from various places in the country
depending on the product-speciality of the location. For e.g.,
Supply Chain
Management:
Thank You.
Pankaj Kamani
Mammalla Art Gallery is located on the main street of Mammallapuram
near the bus stand. As numerous other art galleries in the town, this art
gallery deals in statues, exotic paintings, variants of Kashmiri shawls, silver
and stone ornaments, carpets etc. The store is owned by two Kashmiri brothers.
The owner has been here for over 30 years and the store is on streets for over
10 years now. I interacted with the owner and tried my best to understand how the
business works.
Inventory
management:
·
Shawls and carpets are ordered from Kashmir.
·
Stone ornaments are ordered from Rajasthan.
·
Paintings are ordered from Delhi.
·
Statues are ordered from Mysore and Bangalore.
Apart from that, the owner also maintains a small workshop
at his hometown, i.e., Srinagar, Kashmir. There are around 25 odd people working
at the workshop who manufacture the carpets.
The owner maintains an inventory of around INR 2,00,000 – 3,00,000
in his shop.
With intent to target various sectors of the market, the
owner maintains a wide variety of similar products across different price ranges.
For e.g., the carpets available range from INR 1000 – 10000 per piece depending
on the quality of the product and the material used in manufacturing the
product.
On asking how the procurement of the products is done, the
owner responded that they need not physically fetch the products. Vendors from
various locations visit Mahabalipuram once in a few days with their pool of
merchandise. The same vendor sells his products to various shops in the town
and the onus lies on the shop owners to choose the right products that might
befit the market and lure the customers.
Every month, the manufactured carpets are brought to the
town via different logistics vis-à-vis train, couriers, transportation services
etc.
Apart from this, as a good number of goods are bulky,
customers want them to be delivered at their hometowns. The shop ships the
products to various locations, both in and out the country via various modes of
transport, e.g., air, ship, train etc. with the help of courier services.
Consumer base:
The shop attracts a great deal of local customers from local
places like Chennai, Bangalore, Mysore, Kerala etc. and some of the
north-Indian states. With Mahabalipuram being a famous tourist spot, affluent
foreign tourists are not to be bragged about. Tourists from various countries
like France, Germany, Italy, Holland, England and other European countries
often visit this store.
Customer
attraction:
To lure the customers, the owner has strategically placed
attractive products towards the entrance of the shop. The entrance is covered
with attractive granite and marble statues and stone ornaments. The ethnic
statues would attract the foreign tourists which form a major customer base to
such stores and the stone ornaments are a great deal of attraction to women and
children. Few lavish carpets are also displayed with dazzling lightning which
catches customer attention from far distance.
Though the owner doesn’t do any kind of advertisements to
attract the customers, but, the strategic placement of products and strikingly
flashy signboards are bound to get a glimpse from a passer-by and turn him/her
into a potential customer.
Customer
Satisfaction:
As a common practice where the foreigners are looted of
their money by overpricing the products, Mammalla Art Gallery stands different
from the crowd. As per the owner, they treat every customer equally and believe
in maintaining a long term relationship with the customer. Hence, they don’t
betray the customers by over-pricing the products. This sincere etiquette has
paid off well and the shop has got a bunch of regular local as well as foreign
customers.
Sales &
Revenues:
As narrated by the shop owner, the sales are not uniform
throughout the year. It varies peaks and volumes depending on the season.
During the month of Oct-Feb, most of the European countries snow, and, to escape
from the shiver, many of them move on to various tourist places across the
globe. This is that period of the year, when, Mahabalipuram is full of tourists
from various countries and these shops generate good revenue. But, during the
off season, i.e., during the remaining part of the year, not many customers
come to the town, and the sale comes as sheer dependence on luck.
The shop-owner was reluctant to share the exact figures for
the revenues and the margins generated.
Takeaway from the
exercise:
Even small shops like Mamalla Art Gallery, knowingly or
unknowingly, follow the different aspects of marketing management, and such
practices are inevitable for any business to run. But, then, as the sales in
this shop was based on sheer luck and fine maneuvering with strategic placement of products and
lightning, I also learnt that advertisement the product/store is an important
aspect of marketing management. Apart from that, this exercise definitely did
help me understand the market better and reflected a clearer picture on how a
business works.
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