HITV Viewing Center Channel Management Proposal

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    Viewing Center Scout and Channel

    Management Proposal

    Presented by

    Tripod Concepts19,Bassie Ogamba Street,

    Off Adeniran Ogunsanya street,

    Surulere,Lagos.

    Tel:+2348035051066,+23417360607

    [email protected],[email protected] 2009

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    Introduction

    Since incorporation in February 2006,HITV Limited has provided a platform

    for entertainment ,lifestyle,music,news and sport that are rich in quality

    and local programs.Hitv has grown to become a leading brand and in just 3

    yrs,it had done perhaps what so many organizations are still pondering on

    how to achieve,your entrepreneurial spirit is worthy of emulation.

    The entrepreneurial spirit of many Nigerians has therefore been appraised

    as so many people use HITV as a platform for viewing centers,which has

    boosted many families financial power and also acted as a source of

    revenue generation for (viewing center owners) individuals all overNigeria.

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    Background

    Some commercial users better known as viewing centers use HITV as a

    platform for making thousands of naira day in day out.

    There is a speculated fee for commercial users.

    These viewing centers pay 4,000(four thousand naira), a monthly

    subscription fee for home users.

    There are thousands of viewing centers all over the nation and HITV as an

    organization cannot leave its core business of content provision to track

    and monitor viewing centers.

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    Implication

    HITV looses millions of naira monthly and

    almost a billion annually because of inaccuratecharging.

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    In a time when the world is in economic recess,businesses are

    crashing and some running at lose.Businesses should make optimal

    use of its resources to maximize profit.This is a major way of

    sustaining a business at this time.

    Tripod Concepts

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    The Task

    How to get addresses,phone numbers,card

    numbers of all viewing centers that uses HITV.

    Collate data for future reference and use

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    Why scouting and data keeping are

    essential

    Viewing center scouting and data keeping will guarantee that HITV charges

    accurately.This concept guarantees a revenue increase of over 1,000,000,000 (one

    billion naira annually)

    Customers database will ensure customer management

    If Hitv has been keeping accurate data of customers addresses,card no and

    names,problems such as payment of customers on other card no will not occur

    For those that cant afford to pay 4,000 monthly they should be the first to be told

    about the new 1,900 package.since they have been on the platform before.

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    STRATEGY

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    Situation analysis and pricing

    Commercial fee

    Implication

    Pricing

    Timing

    Implication:

    Having thought about the implication the commercial fee will beon the viewing center we have the believe that HITV will retain the E.P.LS 80%right and as long as this right is retained viewing centers have no options but tostick to HITV especially now that the right to view the E.C.L has been won.

    The commercial fee HITV is offering will definitely be cheaper than that ofyour biggest competitor DSTV,their proposed speculated fee is 13,000.

    Even as they say you cant pay football anywhere else in the world and feelfulfilled if u haven't played in the EPL.30 million Nigerians are glued to the E.P.L

    weekly.

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    Pricing

    Although the commercial fee for the commercial users solely depend on on your

    management,we will like to give you guidelines on pricing.

    Price: The assigned numerical monetary value of a good,service or asset

    Pricing:The manual or automated process of applying prices to purchase salesorders.

    Relevant pricing questions.

    How much do we charge for our viewing centers?

    (how much are people willing to pay)

    Competitor based pricing:what price is similar competitor offering for the same

    service.

    Cost Plus pricing: What is the cost of production + percentage = selling price.

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    Pricing Objectives.

    Maximize long-term profit

    Increase sales volume(quantity)

    Increase sales value (Naira)

    Obtain a target return of investment (ROI)

    Stabilize market or market price Company growth

    Maintain price leadership

    Get competitive advantage

    Having consider these factors we would suggest a fee ranging from 6,000to 7,000 this fee will ensure that all objectives are met and customerswilling to pay.

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    TIMING

    We suggest that the commercial fee should beintroduced at the start of a new season August

    2009.By then viewing center owners have already

    been alerted through mail or letters.

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    Merchandizing Trends

    Frame boards for viewing centers

    Neon wall signage

    Large pvc stickers. HITV Branded chairs for viewing centers

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    Motivation for channel continual patronage

    Stability of services

    Customer relationship

    Business Empowerment

    Recognition and celebration

    Emerging Product offerings/Trial

    One on One contact

    Neighborhood accessibility

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    Partner Empowerment/Growth Strategy

    The growth of the program is designed to develop ,grow and empower each

    customer using the following:

    Training and seminar (Group or Manual)for viewing centers.

    Offering advisory servicese.g: 1.How to scan for channels in case of reception problems

    2.Other technical training services.

    3.special invitation to customer forum/dinner events.

    Dedicate special customer care numbers for viewing centers

    Timely and effective complaints handling

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    Patronage incentives and

    promotions Merchandising materials Personalized branded materials e.g T-

    shirts,Face caps and other HITV souvenirs

    End of the year party for viewing centers

    Award for the best viewing center of the year.

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    Strategy for customers retention

    Meet and exceed expectations

    Exceeding expectations need not be costly. volunteer to collect and replace a faulty product from a

    Customer rather than issuing a credit note and waiting for the normal call cycle to schedule a call on the

    customer offer better, lower cost solutions to the customer, even though that might reduce margin

    provide information about the customers served market.

    Find ways to add value

    There are three common forms of value-adding programme: loyalty schemes, customer clubs and salespromotions.

    Loyalty schemes

    Loyalty schemes reward customers for their patronage. The more a customer spends, the higher the

    reward.

    It is suggested that successful schemes deliver five types of

    value to participants:

    cash value: how much is the reward worth in cash compared with what is spent to obtain it?redemption value: how wide a range of rewards is offered?

    aspiration value: how much does the customer want the reward?

    relevance value: how achievable are the rewards?

    convenience value: how easy is it to collect the credits and redeem them for the reward?

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    Strategy for customer retention

    Channel Customer clubs

    Customer clubs are organizations established by companies to deliver a range of benefits to members.

    The initial costs of establishing a club can be quite high, but thereafter most clubs are expected to cover

    their operating expenses and, preferably, return a profit. Research suggests that customer clubs are

    successful at promoting customer retention.

    To become a member and obtain benefits, clubs require customers to register. With these personaldetails, the company is able to begin interaction with customers, learn more about them, and develop

    Offers and services for them.

    Channel Sales promotions

    Whereas loyalty schemes and clubs tend to have a long life, sales promotions offer only temporary

    enhancements to customer value. Sales promotions can also be used for customer acquisition.

    Retention-oriented sales promotions encourage the customer to repeat purchase.

    Bonding

    The next customer retention strategy is bonding. Our research identified many different

    forms of bond between customers and service provider.

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    Strategy for customers retention

    Social bonds

    Social bonds are found in positive interpersonal relationships between people on both sides of the

    customersupplier dyad. Positive interpersonal relationship are characterized by high levels of trust

    and commitment. As the number of episodes linking customer and service provider grow, there is

    greater opportunity for social bonds to develop. Suppliers should understand that if they act

    opportunistically or fail to align themselves to customer preferences, trust and confidence will beeroded.

    Structural bonds

    Structural bonds are established when companies and customers commit resources to the

    relationship. In general, these resources yield mutual benefits for the participants.

    For example, a joint customersupplier quality team can work on improving quality compliance,

    benefiting both .

    Build commitment

    The final strategy for building customer retention is to create customer commitment. Various studies

    have indicated that customer satisfaction is not enough to ensure customer longevity

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    Get Hi in your neighborhood

    promotional conceptThis concept is to promote HITV while giving the public anavenue to watch programs(movies,football matches e.t.c) on

    movable mobile HITV vehicles,these vehicles could be

    stationed at different strategic areas in Lagos showing to

    viewers.It could be in love garden or shitta in surulere today

    and be in v/island tomorrow.

    This concept is also CSR(cooperate social responsibility) from

    HITV