Name: In-Depth Business Model Of Big Bazaar | IIDE
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<div class="raw-html-embed"><div data-bglz="1" class="et_pb_text_inner"><h2>About Big Bazaar</h2><p><img decoding="async" class="aligncenter wp-image-231275 size-large" src="https://iide-media.blr1.cdn.digitaloceanspaces.com/production/upload-1736872374863-3a7edd86b21071ad1ed30dc4e2261247.webp" alt="Big Bazaar Logo | Business Model of Big Bazaar | IIDE" width="1024" height="576" data-srcset="https://iide.co/wp-content/uploads/2021/09/image8-11-980x551.jpg 980w, https://iide.co/wp-content/uploads/2021/09/image8-11-480x270.jpg 480w" sizes="(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw"></p><p><span style="font-weight: 400;">Big Bazaar is a retail chain of hypermarkets and department stores founded by Kishore Biyani in 2001 under the parent organization Future Group. With a steady growth curve in the last two decades, Big Bazaar has established many verticals under its brand like Food Bazaar, Fashion at Big Bazaar (short for fbb) and eZone.&nbsp;</span></p><p><span style="font-weight: 400;">Believed by many to be the Indian version of Walmart, Big Bazaar was inspired by a family business of a local store called ‘Saravana’ and based on the philosophy: “low margin, high turnover.” This principle also inspired their famous slogan </span><b>“</b><b>Isse </b><b>sasta</b><b> aur </b><b>accha</b><b> kahin nahi</b><b>”</b><span style="font-weight: 400;"> – claiming that nowhere else would a customer find a product at a cheaper rate or that of better quality.</span></p><p><span style="font-weight: 400;">Now let us dive deeper into the marketing strategies of the business model of Big Bazaar.</span></p><h2>Marketing Mix of Big Bazaar</h2><p><img decoding="async" class="aligncenter wp-image-231272 size-full" src="https://iide-media.blr1.cdn.digitaloceanspaces.com/production/upload-1736872375643-6aab47e598503df0cbd7eb15122dec9f.webp" alt="Marketing Mix illustration | Business Model of Big Bazaar | IIDE" width="1024" height="538" data-srcset="https://iide.co/wp-content/w3-webp/uploads/2021/09/image5-32.pngw3.webp 1024w, https://iide.co/wp-content/uploads/2021/09/image5-32-980x515.png 980w, https://iide.co/wp-content/uploads/2021/09/image5-32-480x252.png 480w" sizes="(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw"></p><p><span style="font-weight: 400;">Marketing mix refers to actions or tactics that a company uses to promote its brand or product in the market </span><span style="font-weight: 400;">to the right people at the right time. The model focuses on the 4P’s of marketing: Product, Price, Place and Promotion which forms the conceptual core of an overall marketing strategy.&nbsp;</span></p><p><span style="font-weight: 400;">So let us go through the marketing mix model of Big Bazaar in detail and look at the parameters one by one in the coming section.</span></p><ul><li aria-level="1"><h3>Product Strategy of Big Bazaar</h3></li></ul><p><span style="font-weight: 400;">Big Bazaar offers a wide variety of products under one roof, ranging from apparel, food, fresh produce, toys, furniture, and essentials. This allows Big Bazaar to expand its customer base and recover any losses from one product category with the benefits from another product category.</span></p><p><span style="font-weight: 400;">Big Bazaar sells a variety of products under its name through brand names such as Tasty Treat, Clean Mate, DJ &amp; C, etc.</span></p><ul><li aria-level="1"><h3>Price Strategy of Big Bazaar</h3></li></ul><p><span style="font-weight: 400;">Big Bazaar promises its consumers high-quality products at low prices. Moreover, it offers discounts all year round and creates special sales and campaigns during festivals (Durga Puja, Diwali, etc) to encourage bulk buying.</span></p><p><span style="font-weight: 400;">Big Bazaar conducts sale days at least 4 times a year and has incorporated the E-Wallet Future Pay which acts </span><span style="font-weight: 400;">like a customer loyalty program through which customers can earn and redeem points at any of the Future Group stores.</span></p><p><span style="font-weight: 400;">Big Bazaar also uses bundling tactics by offering products at a discounted rate when bought in combos to generate sales.</span></p><ul><li aria-level="1"><h3>Place Strategy of Big Bazaar</h3></li></ul><p><span style="font-weight: 400;">Big Bazaar’s presence in different geographic locations has ensured easy accessibility and reach to their target market. Big Bazaar aims at starting departmental stores in developing areas besides investing in the metropolitan cities to have a head start against their competitors. Big Bazaar generally targets key semi-urban areas.</span></p><p><span style="font-weight: 400;">With a strong market hold offline in tier 1 and tier 2 cities (before the pandemic), Big Bazaar is looking to expand its customer base online and gain momentum in e-commerce transactions.</span></p><ul><li aria-level="1"><h3>Promotion Strategy of Big Bazaar</h3></li></ul><p><span style="font-weight: 400;">With huge budgets, the promotional strategy of Big Bazaar is to promote itself to create brand awareness targeted to building an image for low-cost shopping options. The company opts for print and advertising media to promote itself in the form of newspaper ads, magazines, billboards, TV commercials or radio.</span></p><p><span style="font-weight: 400;">Big Bazaar leverages social media campaigns as its main channel for online marketing and e-commerce. It has tie-ups with various E-Wallets (PhonePe, GooglePay, Paytm) to offer additional discounts and cashback to its loyal customers.</span></p><p><span style="font-weight: 400;">For increasing brand loyalty, value-added cards and coupons are given to consumers.&nbsp;</span></p><p><span style="font-weight: 400;">This is how Big Bazaar maintains its position as a market leader with affordable products while ensuring accessibility and quality. This is visible in the marketing strategy of Big Bazaar, let’s take a deeper look at that.</span></p><h1>Marketing Strategies and Marketing Campaigns of Big Bazaar</h1><p><span style="font-weight: 400;">Successful retail stores such as Big Bazaar can predict market trends and can help develop products and services to sustain those trends using campaigns and marketing strategies to meet the expected needs and demands of the customers.&nbsp;</span></p><p><span style="font-weight: 400;">Most of the campaigns or advertising strategy of Big Bazaar has been around the theme of offering products for less than the Maximum Retail Price (MRP).</span></p><p><span style="font-weight: 400;">Some of the marketing campaigns of Big Bazaar and marketing strategies of Big Bazaar are mentioned below:</span></p><ul><li aria-level="1"><h3>Wednesday Bazaar – “Hafte ka sabse sasta din”</h3></li></ul><p><span style="font-weight: 400;">Discounts are offered all year round at Big Bazaar but every Wednesday, special discounts are offered on categories like apparel, food, toys or electronics to acquire more walk-in customers on weekdays.</span></p><ul><li aria-level="1"><h3>The Great Exchange Offer – “junk swap”</h3></li></ul><p><span style="font-weight: 400;">The Great Exchange Offer campaign is a “junk swap” wherein ​​</span><span style="font-weight: 400;">customers can exchange any old and broken items (junk) and get new products at a discounted price from Big Bazaar – quite in tune with the Indian mindset of getting value even for junk.</span></p><ul><li aria-level="1"><h3>Influencer Marketing</h3></li></ul><p><img decoding="async" class="aligncenter wp-image-231277 size-full" src="https://iide-media.blr1.cdn.digitaloceanspaces.com/production/upload-1736872376496-4b51eabfa99e09d75dde391d9d0b4c70.webp" alt="Shikhar Dhawan doing Influencer Marketing for Big Bazaar | Business Model of Big Bazaar | IIDE" width="480" height="314" data-srcset="https://iide.co/wp-content/w3-webp/uploads/2021/09/image1-44.jpgw3.webp 480w, https://iide.co/wp-content/uploads/2021/09/image1-44-300x196.jpg 300w, https://iide.co/wp-content/uploads/2021/09/image1-44-150x98.jpg 150w" sizes="(max-width: 480px) 100vw, 480px"></p><p><span style="font-weight: 400;">Big Bazaar brought in various celebrities to endorse their brands. These celebrities included cricketers like M.S. Dhoni and Shikhar Dhawan, actors &amp; actresses like Varun Dhawan, Sakshi Tanwar, Asin and Katrina Kaif. The aim was to boost sales from fan-following and increase brand appreciation and perception.</span></p><p><span style="font-weight: 400;">Marketing strategies in Big Bazaar help increase the footfall of the store. Customers are attracted to discounts, schemes &amp; sales. Various product lines also give the customers options to choose from.</span></p><h2>Online Presence of Big Bazaar</h2><p><span style="font-weight: 400;">With about 65% of India’s population shopping online for clothes, essentials and food, the “offline-to-online” project was a long time coming for Big Bazaar. Big Bazaar launched its mobile application to facilitate online shopping from local stores in August 2018 and has built its online presence leaning on various social media platforms (Facebook, Instagram, Twitter).</span></p><p><span style="font-weight: 400;">The unprecedented lockdowns due to the Covid-19 pandemic and travel restrictions further pushed their cause for home deliveries as consumer preferences and market needs have changed drastically in the last 18 months.</span></p><p><span style="font-weight: 400;">Today, Big Bazaar competes with other e-retailers like Amazon, Grofers and Big Basket in the “home delivery in two hours” segment and has extended this service in more than 100 cities.</span></p><p><span style="font-weight: 400;">While delivery of non-essential retail products through online channels was not permitted in many places during the lockdown period, Big Bazaar, like most online platforms and marketplaces has kicked off discounts and offers and advanced their sale periods in various product categories to tap the Un-lockdown momentum.</span></p><h2>Competitors’ Analysis of Big Bazaar</h2><p><img decoding="async" class="aligncenter wp-image-231278 size-full" src="https://iide-media.blr1.cdn.digitaloceanspaces.com/production/upload-1736872377128-60f81035ee18ebfaa712b86d7fa35f76.webp" alt="Big Bazaar Competitors | Business Model of Big Bazaar | IIDE" width="887" height="459" data-srcset="https://iide.co/wp-content/w3-webp/uploads/2021/09/image4-34.jpgw3.webp 887w, https://iide.co/wp-content/uploads/2021/09/image4-34-480x248.jpg 480w" sizes="(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 887px, 100vw"></p><p><span style="font-weight: 400;">The Indian retail industry is a fast-growing segment in the digital world. The Covid-19 pandemic has only pushed the envelope further. </span><span style="font-weight: 400;">The most popular and well-known names in the Retail market that Big Bazaar is competing against include DMart, Grofers, BigBasket, Amazon, Reliance Mart.</span></p><p><span style="font-weight: 400;">Big Bazaar is a well-established </span><span style="font-weight: 400;">Reliance Industries Limited &amp; Amazon India are going head to head in acquiring the Future Group (The company that runs Big Bazaar and its sister stores in India) in a legal context.</span></p><p><span style="font-weight: 400;">The following are some of the reasons why Big Bazaar is more popular than any other supermarket chain in India:</span></p><ul><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">In comparison to its competitors, Big Bazaar has a higher brand loyalty due to its entry before any other supermarket chain in the Indian subcontinent – it was the first of its kind on such a grand level.</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">The quality of the products sold in Big Bazaar is higher. Brands of Big Bazaar add value to the purchasing items.</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Big Bazaar engages in a ‘family shopping’ experience’ i.e., shopping for all age groups under one roof.</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Big Bazaar has departmental stores located in malls which increases their footfall significantly in comparison to its competitors that have just stand-alone independent stores.</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Resources from the Retail Industry say that while the competitors of Big Bazaar complete 3,00,000 to 5,00,000 orders daily, the order value per transaction is lower (₹500-₹600) when compared to that of the Big Bazaar shoppers who spend almost twice that amount (₹1000-₹1200).</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">According to the reports and projections, there is a chance of the growth rate increasing by 9% in the year 2021.</span></li></ul><p><span style="font-weight: 400;">With that being said, this case study on the Business Model of Big Bazaar comes to an end.</span></p></div></div>

<div class="raw-html-embed"><div data-bglz="1" class="et_pb_text_inner"><h1>Conclusion</h1><p><span style="font-weight: 400;">To conclude, as of today, Big Bazaar has 290+ stores in India in over 130 cities. Sister chains of Big Bazaar include Brand Factory, Home Town, Central. Big Bazaar is now eyeing small towns to gain an edge over its competitors. The retailer believes that the future is going to be an incorporation of both channels of selling their products: walk-in stores and home delivery or online purchasing. Big Bazaar’s current tagline aptly suggests the same: “Naye India Ka Bazaar” – “Market for New India”. Big Bazaar is now focusing predominantly on generating e-commerce revenue and building creative marketing strategies.&nbsp;</span></p><p><span style="font-weight: 400;">To learn more about digital marketing strategies and digital marketing courses online, check out </span><a href="https://iide.co/online-digital-marketing-course/"><span style="font-weight: 400;">IIDE</span></a><span style="font-weight: 400;">, India’s leading digital education institute. </span><span style="font-weight: 400;">Also, you can check out our </span><a href="https://masterclass.iide.co/video/digital-marketing-fundamentals"><span style="font-weight: 400;">Free Digital Marketing Masterclass</span></a><span style="font-weight: 400;"> by Karan Shah.</span></p><p><span style="font-weight: 400;">Hope you liked reading about the business model of Big Bazaar. Let us know your thoughts in the comments section below and if you liked our blog, do share it in your circles.&nbsp;</span></p><p><span style="font-weight: 400;">Looking forward to seeing you on </span><a href="https://iide.co/case-studies/"><span style="font-weight: 400;">the next case study</span></a><span style="font-weight: 400;">. Until next time!</span></p></div></div>

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Searching for the business model of Big Bazaar? In this blog, In-depth case-study on the business model of Big Bazaar along with its marketing strategies...

In-Depth Business Model Of Big Bazaar | IIDE

<div class="raw-html-embed"><div class="et_pb_text_inner"><span style="font-weight: 400;">Everybody knows Big Bazaar – the supermarket that has everything! But does anyone know why the business model of Big Bazaar is so successful?</span><p><span style="font-weight: 400;">Be it clothes, daily essentials or groceries – Big Bazaar has it all! Big Bazaar is India’s second-biggest hypermarket retail chain. Its success story is an inspirational one.</span></p><p><span style="font-weight: 400;">So what made Big Bazaar profitable over the last 20 years? In this case study, we will take a look at the marketing mix of Big Bazaar, marketing strategies of Big Bazaar and marketing advertisements &amp; campaigns of Big Bazaar, the online presence of Big Bazaar and Big Bazaar’s competitor’s analysis.</span></p><p><span style="font-weight: 400;">Let us now jump straight into the Business Model of Big Bazaar.</span></p></div></div>

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