In a culture soaked country like India, with more festivals than we can name off the top of our heads, purchasing is hugely influenced by the time of year and festival period. Be it Pongal, celebrated as a harvest period in the south, or Deepavali, the world renowned ‘Festival of Lights’, purchasing is a norm during these periods. Marketing campaigns in India, take this into account, altering the campaigns to suit the drastic increase in Online Purchasing culture.
India’s e-commerce market is ranked 3rd in the world, however, India’s annual growth rate of 51% beats all the others with the world No.1 e-commerce market; China only registering a growth rate of 18%. Other contenders like Japan and South Korea stand at 11% and 10%, respectively.
Though marketing approaches are already made to cater to these festival periods, there are ways to optimise this effort.
MARKETING FOR FESTIVALS
A study showed that 60% of sales are seen during the last quarter in India and the remaining spread across the year. The festival and celebratory season sees a chunk of the sales and it’s time to optomise your conversions, especially during that time.