Interesting spending power trends (survey)

Before engaging on our business plan for KOOLSKOOL, we wanted to test waters a bit and check if there is any hope for what we wanted to do. We also wanted to know a bunch of other things e.g. actual usage of the internet in our country (at least in our target market areas), amount of money being spent by students outside of the school system, or even clear adoption of technology.
We ran a survey in Delhi and Lucknow (two sample cities) covering about 400 students in multiple schools. The surveys were given out by school students and we did use a bit of the viral technique to get quick and decent sized coverage. Most of the schools had students from average income to high income families and belonged to senior middle, secondary and senior secondary classes. What came back validated quite a few of our assumptions and surprised us with some of the numbers. Below are some of the interesting ones.

Siblings in the household
  • 31.5% are single child households
  • 51.9% have one sibling, 13.7% have two siblings and 3% have three or more siblings
Primary stationery purchase
  • 73.4%  buy from the neighborhood stationery shop
Pens
  • 70% buy upto 5 pencils a month
  • 21.2% buy more than 10 pens a year
Computer usage
  • 91.3% have a PC or laptop at home
  • 58% have a printer at home
  • 27% buy between 2-5 cartridge (or set) in a year
Email usage
  • 80% of respondents use email
  • ~75% students do not have email communication with their teacher
Mobile Phones usage
  • 72% own mobile phones
  • 16.6% spend >Rs 500 per month
Electronic games console, personal music players ownership
  • 49% own electronic games consoles
  • 69% own a personal music player or some sort

The conclusion is as was evident to us. There is a lot of money in children’s pockets today or at least lots that they have access to. They are the customers of a Retailer’s future.

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