Strategy (Revital- Ranbaxy Laboratories) Presented by- Piyush A. Bafna ID.No.- 2013H146077H Subject- Pharmaceutical Administration and Management Introduction- -Revital is a comprehensive daily food supplement that has a balanced combination of vitamins, minerals and ginseng. -Ranbaxy entered the OTC segment with Revital in October 2002 after carefully assessing global trends and market potential. -The Product was made available in Large numbers in not only Pharmacy stores but also in retail stores. (FMCG Products) Views of Experts on Revital Marketing- -According to Ranjit Kapadia, (analyst in research institution) said that Revital is positioned as a Perfect mix of product, promotion and price.
-Brijesh Kapil, director said that We had a
sampling campaign which saw 12 million sample capsules being distributed through magazines in six months time (21 days money back guarantee) Contest- Do you know ? Actual Marketing Strategy- 1. Three television commercials ads ( Wake up ad, Bhangra ad and Govind ad) 2. Rural van initiative Location specific 3. Yuvraj Singh ( A Sport Person) 4. Working Professionals 5. Promotion on Doordarshan channel 6. Mobile Marketing ( Free sample of Revital and also get free recharge) By More Save More-
In this campaign, Capsules were sold
on concept i.e. like (if you by More capsules you will save more Money) 10 capsules- 75 Rs. 30 capsules- 180 Rs. Total savings (INR)= 45 Rs. Do you need Revital? Take this simple test and find out. MOBILE MARKETING-:
Your account has been recharged
What about you? Get recharged with
REVITAL. Show this message to any chemist and get a FREE sample of REVITAL. Jiyo Jee Bhar Ke Get free music Get free Health tips Get Discounts on health checkup Marketing strategy at its Best- Hoardings- Metro cities Location No. of Hoardings
Banglore MG Bus stop 3
Chennai Megestic 3
Delhi New delhi railway 3
station
Hyderabad Secunderabad 3 Kolkata Bada bazar 3
Mumbai Boriwali station 3
Ahmedabad Helmet crossing 3
Television market (Ads.)
Advertisement Channel/Locati Adv. length
description on During commercial Star plus 30 sec break of Saas Bahu Serial
During commercial Sony TV and Sab 30 sec
break of Comedy Tv circus, crime patrol, CID and Taarak Mehta ka ooltah chashmah Radio Advertisement and News Paper Advertisment- Radio station Total duration per Rate per sec day
Radio mirchi 30 secs 200 INR
(12times)=360 sec
Red FM 30 secs 200 INR
(10times)=300 sec
News paper Total cost for 6 Months campaign
The Times of India 2.7 crores
Divya Bhaskar 3.8 crores
The Economy 3.03 crores
Times Total Cost Spent For Marketing the Product- Media Total Costs ( INR)
Print media 6.2 Crores
Hoardings 49 Lakhs
TV Advts. 90 Lakhs
Internet Advts. 16 Lakhs
Radio Advts. 21 Lakhs
Mobile Campaign 9.7 Lakhs
CSR Cost 50 Lakhs
Other Promotional 19 Lakhs
cost Total cost 9.11 Crores Fan Page on Social Networking Sites- Health campaign in Malls- Advertisements in Public Places- Get a Chance to Workout with Yuvi- Concluding remarks- 1. According to ORG-IMS reports , Revital continuously moved up the rank among the top 10 brands in India.
2. It has also appeared among the top
five brands in the Indian OTC market (Nicholas Hall yearbook 2009) References- A) Webpages- 1. www.myrevital.com 2. www.myrevital.com/nutrients-benefit s 3. www.business-standard.com B) Articles- 1. P R Bhatt, Global Strategy for Growth, Journal of Case Research. 2. Strategies for Revitalizing the Products; by J Seth and G Morrison.
Marketing Management for Beginners: How to Create and Establish Your Brand With the Right Marketing Management, Build Sustainable Customer Relationships and Increase Sales Despite a Buyer’s Market