There is a saying “Nothing in this world is constant except change”, on a similar lines there have been lot of changes in Bangalore; some good, some bad. However, one thing that has drastically changed is the “Public Transportation
“. Remember the days when we only had blue colored BMTC
buses but now with the introduction of Volvo buses, Public Transportation has gained momentum. Not to forget with the shift of the international airport
to a so called
remote place, the obvious choice of most of the Bangaloreans is the famous Vajra bus.
BMTC has done a great job by introducing Volvo buses for the right places and also setting the up the right frequency for the right routes e.g ITPL or Electronics City is a place which is filled with software companies and the frequency of Volvo buses is exceptionally great there !!!
Before writing this article, I interacted with a few people[who travel to ITPL] and most of them preferred BMTC over their own cars/bikes. Apart from the normal ways of generating revenue, there are many other areas where BMTC can look for more revenue:
Most of the times, there is FM being played on the radio in the bus but if BMTC manages to tie up with brands, radio can act as a great medium for marketing.It can be used to showcase offers in shopping malls, promote new brands, movies etc. Remember, there is Big Bazaar
near ITPL; so this would be much useful in such cases !!!
After the economy tumbled, many were laid off where some of them landed up in jobs out of no better choice. With Indian economy showing early signs of recovery
, Volvo bus would make an excellent tool to showcase jobs again through radio or advertisements inside the bus. To make things better, these advertisements can be geo-targetted like buses from ITPL, Electronics City etc. would ONLY carry those ads.
Along with the convenience, the added advantage in Volvo is the additional standing space. The photograph shows the frontal view & there is definitely a big opportunity for Out Of Home advertising
. There is space for 2 TVs [one in the frontal entry and other at the back entry]. With OOH growing at 20% annually
, this is a big opportunity form BMTC to target the people travelling in the bus.
To summarize, BMTC can replicate the Google Adsense model for the Volvo – RIGHT Ads Targeted for the RIGHT routes and obviously for the RIGHT customers !!!
Many of us would be travelling by BMTC buses, hence if you feel there is any other revenue generating opportunity BMTC is missing; please leave them in the comments section & it would be added to the article.