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Simplifying purchase Easybuymusic has actually taken steps to do what its name
suggests—making buying music simpler. Ordering a product through the site
doesn’t require registering or using a credit card. The company offers a
nation-wide toll-free number, in addition to ordering via cell-phone. It has
entered into tie-ups with cellular service providers in Mumbai, Bangalore,
Delhi, Kolkata, Hyderabad and Pune for the purpose. Payment, going by the
prevailing trend, is on delivery.
George, a management graduate in marketing and consumer
behavior from New York, has taken lessons well from Internet’s e-tailing
pioneer, Amazon.com. The loss-making billion-dollar revenue site has amply
exhibited that better distribution and a focus on customer service is very
important to attract and retain customers. Currently, Easybuymusic has call
centers in Mumbai, Delhi, Calcutta, Chennai, Hyderabad, Bangalore, Pune and
Chandigarh. Its service is available at store prices, with no delivery fee,
payment being cash on delivery—critical to consumer satisfaction, and
completely in tune with the Indian consumer’s psyche.
Customer service representatives equipped with online systems
to record customers’ preferences and buying habits man the call centers. A CRM
software, partly built in-house, is there to aid the process, while an
integrated supply chain and inventory management system tracks the warehouses of
the music companies. This, in turn, helps the company source products from
multiple locations.
Customer-aided branding
Easybuymusic has spent very little on marketing its brand,
unlike many dot-coms which splurged on marketing gimmicks without realizing that
they were running out of working capital. This led to the failure of many a
dot-com. "On the Web, we have a policy of ‘no-spends’, so the obvious
methodology to use here is viral marketing. And, we work very closely with the
music companies to promote their products, which in turn prompts them to buy
through Easybuymusic.com." George’s strategy here is straight—"if
we have half-a-million customers, the brand is built." George recalls,
"Our worst schemes have been where we worked on just a brand advertisement.
We spent a significant amount of money just promoting what we do and expected
people to call. The result was nowhere close to when we showcased a product and
asked people to call us if they wanted to buy the product showcased. Our phones
didn’t stop ringing."
In future, George is also looking at the possibility of using
the Napster model to supplement its own distribution model, "The P2P
platform is a distribution methodology. I would like to see Easybuymusic.com
evolving wherein I can use P2P technology to distribute music."
Easybuymusic is in alliance with leading music companies like HMV, Magnasound,
BMG, Virgin and Sony, and is also in talks with major international labels for
tie-ups. As part of Easybuymusic’s strategy to offer licensed international
music over the Net, the company has tied up with Listen.com. And it has
ambitious plans to release 300,000 international special release items, which
are not released in the country at all.
Bijesh Kamath in Mumbai
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