SlideShare a Scribd company logo
1 of 23
MARKETING ONE’S PRODUCTS: IS IT
THAT DIFFICULT?
A DOCTOR’S PERSPECTIVE
DR SUDHIR KUMAR MD DM
CONSULTANT NEUROLOGIST
APOLLO HOSPITALS, HYDERABAD
Why was this topic given to me?
• Is the skill of “marketing” needed by only a
few of us, such as sales persons?
• No, we all need to know about effective
marketing skills,
• We need to market our talents and skills on a
daily basis,
• Landing a job commensurate with one’s skills
needs marketing, so does the
progress/promotion in one’s career path!
IS MARKETING DIFFICULT?
Efficient marketing is the key to influence our customers!
MARKETING: DEFINITION
• The action or business of promoting and
selling products or services, including market
research and advertising.
• The management process responsible for
identifying, anticipating and satisfying
customer requirements profitably.
• Marketing is a science, as it involves extensive
use of psychology, sociology, mathematics,
economics, anthropology and neuroscience.
THE MARKETING MIX (THE 4 Ps)
PRODUCT
• Company name & branding,
• Specifications as per customers’ requirements,
• Packaging & labeling, strategic positioning in
stores,
• Designing and product innovations,
• Warranty, guarantee, support.
PRICING
• The science of fixing a price for a product,
monetary or otherwise.
• May include discounts (discounts don’t work
for long; may erode profits too!),
• Need to look at the competitors’ prices,
• However, quality and uniqueness of own
products are more important,
• Volume of sales may play a role in pricing too!
PLACE (DISTRIBUTION)
• Online/retail/both
• Channels- direct/wholesale/stockist/dealers
• Choose the correct geographical area
(choosing Sudan for anti-obesity products
would surely fail!),
• Target the correct persons- based on
profession or age or gender (for ex: Focus on
equity over FD/debt instruments while dealing
with people in 30s)
PROMOTION
• Marketing communications,
• Advertising- print/TV/FM/social media
• Personal selling,
• Branded entertainment shows/sporting events
(Events such as IPL can make a brand “star”!)
• Exhibitions
The 6 Ps of Retailing
PERSONNEL
• Personnel are the keys to successful marketing,
• We have seen sales coming down once a regular
marketing person leaves a company (sales may
even get transferred to the new company!),
• Training and retaining personnel play a key role in
improving sales,
• Weaning off “poor performers” and “non-
improvers” is equally important!
UNDERSTAND CONSUMER NEEDS
• Enquire, talk and assess the exact requirements
of the customers,
• Identify the “vacuum” & “underserved areas”
• If needed, communicate to head office for a need
to do research/innovation to fill the gaps,
• Focus on areas/segments with lesser competition
and niche areas,
• Withdraw items/services, whose preference is
waning.
MEETING THE CONSUMER
• Meet the appropriate consumers (no point
promoting the latest anti-diabetic drug to a
neurologist!),
• Seek prior appointment (barging into a busy
office is a sure way of putting off the person!),
• Proper grooming & attire (who doesn’t like a
smartly dressed person!)
• Be armed with all available information about the
products (blank face on questioning is a big
“negative”!)
Interacting with Consumer
This may not work for long!
INTERACTING WITH CONSUMER(1)
• Amount of time is “limited” (30 sec to a min)
• Focus on the product, its uniqueness, quality and
economical aspects,
• Focus on a few key products in one visit (no point
listing 20 products in 40 seconds, consumer may
not remember even one of them!)
• Requesting to use a product just because a
“famous person is using” can put off many, so
avoid!
Very often this is the reality!
INTERACTING WITH CONSUMER(2)
• Maintain continuity of visits/meetings (it does
not take much time to forget a product!)
• Presentation skills are important too (eye
contact, confidence, proper use of hand
outs/i-pads)
• Avoid talking about “off-label” use of
products,
• Do not “undermine” rival
brands/products/companies (can backfire at
times!)
CUSTOMERS ARE KINGS- can’t fool
them!
“BACK-END” WORK
• Regular follow-up regarding usage of products
and any concerns that the consumer may have is
important,
• Ensure adequate supply and wide availability (a
product out of shelf for a few days can put off
patients and docs!),
• Take note of any adverse effects/defects in
products/packaging, etc and report to head
office.
• Respond to customer complaints “promptly” and
take remedial/corrective measures.
Deadlines and Targets
• Humans are basically “lazy” (there are a few
exceptions), so, targets and deadlines are
important,
• Targets could be “meeting a particular number of
customers”, or “particular amount of sales”,
• Targets can be set by bosses or the marketing
personnel themselves,
• “Self-set” targets suggest inner motivation and
are more likely to succeed.
INCENTIVES
• If targets inspire people, incentives too
(release of dopamine in response to reward
can be addictive!),
• Incentives should be “performance-based”
and not “person-based” (qualifications,
physical looks and closeness to boss should
take a back seat!)
Does Marketing still look difficult?
• I am sure it looks easier now,
• If you follow these simple rules, sales would
increase, and profits would follow
Comments/queries

More Related Content

What's hot

Retail selling process lecturer TWO
Retail selling process lecturer TWORetail selling process lecturer TWO
Retail selling process lecturer TWOHIGHER EDUCATION
 
Sales ppt training and develop in pharma industry
Sales ppt training and develop in pharma industrySales ppt training and develop in pharma industry
Sales ppt training and develop in pharma industryshumaila91
 
Professional Skills for Inside Selling
Professional Skills for Inside SellingProfessional Skills for Inside Selling
Professional Skills for Inside SellingAchieveGlobal
 
Sales associate Chapter 1 ( Basic of Retail )
Sales associate Chapter 1 ( Basic of Retail )Sales associate Chapter 1 ( Basic of Retail )
Sales associate Chapter 1 ( Basic of Retail )Reenu Lekhi
 
Retail bank sales and services unit4
Retail bank sales and services unit4Retail bank sales and services unit4
Retail bank sales and services unit4UNBFS
 
Communication skills & selling skills
Communication skills & selling skillsCommunication skills & selling skills
Communication skills & selling skillsAafreen Ahmed
 
Professional basic selling skills
Professional basic selling skillsProfessional basic selling skills
Professional basic selling skillsshehzad Chohan
 
Unique selling proposition
Unique selling propositionUnique selling proposition
Unique selling propositionOnlish
 
Professional+basic+selling+skills
Professional+basic+selling+skillsProfessional+basic+selling+skills
Professional+basic+selling+skillsmohamedelmokatef
 
Sales techniques new
Sales techniques newSales techniques new
Sales techniques newanantharaman
 

What's hot (20)

Retail selling process lecturer TWO
Retail selling process lecturer TWORetail selling process lecturer TWO
Retail selling process lecturer TWO
 
Improving Your Selling Skills
Improving Your Selling SkillsImproving Your Selling Skills
Improving Your Selling Skills
 
Sales ppt training and develop in pharma industry
Sales ppt training and develop in pharma industrySales ppt training and develop in pharma industry
Sales ppt training and develop in pharma industry
 
What is Selling
What is SellingWhat is Selling
What is Selling
 
Professional Skills for Inside Selling
Professional Skills for Inside SellingProfessional Skills for Inside Selling
Professional Skills for Inside Selling
 
Sales associate Chapter 1 ( Basic of Retail )
Sales associate Chapter 1 ( Basic of Retail )Sales associate Chapter 1 ( Basic of Retail )
Sales associate Chapter 1 ( Basic of Retail )
 
Retail bank sales and services unit4
Retail bank sales and services unit4Retail bank sales and services unit4
Retail bank sales and services unit4
 
Selling Techniques
Selling TechniquesSelling Techniques
Selling Techniques
 
Retail Sales Training
Retail Sales TrainingRetail Sales Training
Retail Sales Training
 
Selling Skills
Selling SkillsSelling Skills
Selling Skills
 
Selling Skills
Selling SkillsSelling Skills
Selling Skills
 
Communication skills & selling skills
Communication skills & selling skillsCommunication skills & selling skills
Communication skills & selling skills
 
Professional basic selling skills
Professional basic selling skillsProfessional basic selling skills
Professional basic selling skills
 
Unique selling proposition
Unique selling propositionUnique selling proposition
Unique selling proposition
 
Professional+basic+selling+skills
Professional+basic+selling+skillsProfessional+basic+selling+skills
Professional+basic+selling+skills
 
Marketing Essentials for MBA - Part 1
Marketing Essentials for MBA - Part 1Marketing Essentials for MBA - Part 1
Marketing Essentials for MBA - Part 1
 
Sales techniques new
Sales techniques newSales techniques new
Sales techniques new
 
Steps to powerful pharmaceutical brands
Steps to powerful  pharmaceutical brandsSteps to powerful  pharmaceutical brands
Steps to powerful pharmaceutical brands
 
RetailSellingSkillsSession 1 - Introduction to Retail Selling Skills
RetailSellingSkillsSession 1 - Introduction to Retail Selling SkillsRetailSellingSkillsSession 1 - Introduction to Retail Selling Skills
RetailSellingSkillsSession 1 - Introduction to Retail Selling Skills
 
Personal Selling
Personal SellingPersonal Selling
Personal Selling
 

Similar to Marketing one's Products and Skills

Environment and marketing (em) ver2
Environment and marketing (em) ver2Environment and marketing (em) ver2
Environment and marketing (em) ver2DepEd
 
Environment and marketing (em)
Environment and marketing (em) Environment and marketing (em)
Environment and marketing (em) Marjorie Howarth
 
product planning.pptx
product planning.pptxproduct planning.pptx
product planning.pptxSoujanyaLk1
 
Marketing obj. 1.02 career pp
Marketing obj. 1.02 career ppMarketing obj. 1.02 career pp
Marketing obj. 1.02 career ppgrantdeaton
 
Startup lessons: Pitching and continuation (Åbo Akademi)
Startup lessons: Pitching and continuation (Åbo Akademi)Startup lessons: Pitching and continuation (Åbo Akademi)
Startup lessons: Pitching and continuation (Åbo Akademi)Joni Salminen
 
Marketing mix
Marketing mixMarketing mix
Marketing mixdeepu2000
 
MODULE 1 Marketing management subject ppt
MODULE 1 Marketing management subject pptMODULE 1 Marketing management subject ppt
MODULE 1 Marketing management subject pptprasannamurthy6
 
The Pink Coats of Health Care Marketing
The Pink Coats of Health Care MarketingThe Pink Coats of Health Care Marketing
The Pink Coats of Health Care Marketingftyson
 
Marketing Messaging Strategy Template.pptx
Marketing Messaging Strategy Template.pptxMarketing Messaging Strategy Template.pptx
Marketing Messaging Strategy Template.pptxCODESM
 
The psychology of selling
The psychology of selling The psychology of selling
The psychology of selling Mehdi H.Mahfoud
 
Achieving product market fit
Achieving product market fitAchieving product market fit
Achieving product market fitRam Narayanan
 
Obtaining dental practice growth through nurturing relationships with your ex...
Obtaining dental practice growth through nurturing relationships with your ex...Obtaining dental practice growth through nurturing relationships with your ex...
Obtaining dental practice growth through nurturing relationships with your ex...Carolyn S Dean
 
The marketing brief worksheet developed by napier marketing group
The marketing brief worksheet developed by napier marketing groupThe marketing brief worksheet developed by napier marketing group
The marketing brief worksheet developed by napier marketing groupNapier Marketing Group, LLC.
 

Similar to Marketing one's Products and Skills (20)

Environment and marketing (em) ver2
Environment and marketing (em) ver2Environment and marketing (em) ver2
Environment and marketing (em) ver2
 
Tr1
Tr1Tr1
Tr1
 
Environment and marketing (em)
Environment and marketing (em) Environment and marketing (em)
Environment and marketing (em)
 
product planning.pptx
product planning.pptxproduct planning.pptx
product planning.pptx
 
Marketing obj. 1.02 career pp
Marketing obj. 1.02 career ppMarketing obj. 1.02 career pp
Marketing obj. 1.02 career pp
 
Startup lessons: Pitching and continuation (Åbo Akademi)
Startup lessons: Pitching and continuation (Åbo Akademi)Startup lessons: Pitching and continuation (Åbo Akademi)
Startup lessons: Pitching and continuation (Åbo Akademi)
 
Marketing mix
Marketing mixMarketing mix
Marketing mix
 
MODULE 1 Marketing management subject ppt
MODULE 1 Marketing management subject pptMODULE 1 Marketing management subject ppt
MODULE 1 Marketing management subject ppt
 
The Pink Coats of Health Care Marketing
The Pink Coats of Health Care MarketingThe Pink Coats of Health Care Marketing
The Pink Coats of Health Care Marketing
 
Marketing Messaging Strategy Template.pptx
Marketing Messaging Strategy Template.pptxMarketing Messaging Strategy Template.pptx
Marketing Messaging Strategy Template.pptx
 
The psychology of selling
The psychology of selling The psychology of selling
The psychology of selling
 
Marketing Plan for SME
Marketing Plan for SMEMarketing Plan for SME
Marketing Plan for SME
 
Marketing skills
Marketing skillsMarketing skills
Marketing skills
 
Wits SLD 2016 part 3
Wits SLD 2016   part 3Wits SLD 2016   part 3
Wits SLD 2016 part 3
 
Global Marketing
Global MarketingGlobal Marketing
Global Marketing
 
Achieving product market fit
Achieving product market fitAchieving product market fit
Achieving product market fit
 
Obtaining dental practice growth through nurturing relationships with your ex...
Obtaining dental practice growth through nurturing relationships with your ex...Obtaining dental practice growth through nurturing relationships with your ex...
Obtaining dental practice growth through nurturing relationships with your ex...
 
Mkt1 (1)
Mkt1 (1)Mkt1 (1)
Mkt1 (1)
 
The marketing brief worksheet developed by napier marketing group
The marketing brief worksheet developed by napier marketing groupThe marketing brief worksheet developed by napier marketing group
The marketing brief worksheet developed by napier marketing group
 
Marketing plan
Marketing planMarketing plan
Marketing plan
 

More from Sudhir Kumar

Neurological Evaluation of Acute Ischemic stroke in Emergency Room
Neurological Evaluation of Acute Ischemic stroke in Emergency RoomNeurological Evaluation of Acute Ischemic stroke in Emergency Room
Neurological Evaluation of Acute Ischemic stroke in Emergency RoomSudhir Kumar
 
Lifestyle Measures to Prevent Brain Diseases.pptx
Lifestyle Measures to Prevent Brain Diseases.pptxLifestyle Measures to Prevent Brain Diseases.pptx
Lifestyle Measures to Prevent Brain Diseases.pptxSudhir Kumar
 
COVID-19 Presenting as stroke- mechanisms, diagnosis and treatment
COVID-19 Presenting as stroke- mechanisms, diagnosis and treatmentCOVID-19 Presenting as stroke- mechanisms, diagnosis and treatment
COVID-19 Presenting as stroke- mechanisms, diagnosis and treatmentSudhir Kumar
 
CHRONIC PAIN AND DEPRESSION: Cause or Effect or Linked?
CHRONIC PAIN AND DEPRESSION: Cause or Effect or Linked?CHRONIC PAIN AND DEPRESSION: Cause or Effect or Linked?
CHRONIC PAIN AND DEPRESSION: Cause or Effect or Linked?Sudhir Kumar
 
Neurological Manifestations of COVID-19 Infection
Neurological Manifestations of COVID-19 InfectionNeurological Manifestations of COVID-19 Infection
Neurological Manifestations of COVID-19 InfectionSudhir Kumar
 
ZONISAMIDE IN TREATMENT OF EPILEPSY
ZONISAMIDE IN TREATMENT OF EPILEPSYZONISAMIDE IN TREATMENT OF EPILEPSY
ZONISAMIDE IN TREATMENT OF EPILEPSYSudhir Kumar
 
Multiple sclerosis: fighting the invisible
Multiple sclerosis: fighting the  invisibleMultiple sclerosis: fighting the  invisible
Multiple sclerosis: fighting the invisibleSudhir Kumar
 
Managing stroke beyond windlow period
Managing stroke beyond windlow periodManaging stroke beyond windlow period
Managing stroke beyond windlow periodSudhir Kumar
 
WHEN STROKE STRIKES PREGNANCY
WHEN STROKE STRIKES PREGNANCYWHEN STROKE STRIKES PREGNANCY
WHEN STROKE STRIKES PREGNANCYSudhir Kumar
 
MANAGEMENT OF ACUTE STROKE
MANAGEMENT OF ACUTE STROKEMANAGEMENT OF ACUTE STROKE
MANAGEMENT OF ACUTE STROKESudhir Kumar
 
NEDA in multiple sclerosis
NEDA in multiple sclerosisNEDA in multiple sclerosis
NEDA in multiple sclerosisSudhir Kumar
 
NEUROLOGICAL DISORDERS DUE TO METABOLIC DERANGEMENTS
NEUROLOGICAL DISORDERS DUE TO METABOLIC DERANGEMENTSNEUROLOGICAL DISORDERS DUE TO METABOLIC DERANGEMENTS
NEUROLOGICAL DISORDERS DUE TO METABOLIC DERANGEMENTSSudhir Kumar
 
Management of High Disease Activity in Multiple Sclerosis (MS)
Management of High Disease Activity in Multiple Sclerosis (MS)Management of High Disease Activity in Multiple Sclerosis (MS)
Management of High Disease Activity in Multiple Sclerosis (MS)Sudhir Kumar
 
Multiple sclerosis: Revised diagnostic criteria
Multiple sclerosis: Revised diagnostic criteria Multiple sclerosis: Revised diagnostic criteria
Multiple sclerosis: Revised diagnostic criteria Sudhir Kumar
 
Addressing hypertension to reduce the burden of stroke 19 feb2018 (1)
Addressing hypertension to reduce  the burden of stroke 19 feb2018 (1)Addressing hypertension to reduce  the burden of stroke 19 feb2018 (1)
Addressing hypertension to reduce the burden of stroke 19 feb2018 (1)Sudhir Kumar
 
Role of Blood Pressure in Recurrent Stroke
Role of Blood Pressure in Recurrent StrokeRole of Blood Pressure in Recurrent Stroke
Role of Blood Pressure in Recurrent StrokeSudhir Kumar
 
Palmitoylethanolamide in the Treatment of Neuropathic Pain
Palmitoylethanolamide in the Treatment of Neuropathic Pain Palmitoylethanolamide in the Treatment of Neuropathic Pain
Palmitoylethanolamide in the Treatment of Neuropathic Pain Sudhir Kumar
 
Newer drugs for the treatment of motor symptoms of Parkinson's Disease
Newer drugs for the treatment of motor symptoms of Parkinson's DiseaseNewer drugs for the treatment of motor symptoms of Parkinson's Disease
Newer drugs for the treatment of motor symptoms of Parkinson's DiseaseSudhir Kumar
 
Management of acute stroke
Management of acute strokeManagement of acute stroke
Management of acute strokeSudhir Kumar
 

More from Sudhir Kumar (20)

Neurological Evaluation of Acute Ischemic stroke in Emergency Room
Neurological Evaluation of Acute Ischemic stroke in Emergency RoomNeurological Evaluation of Acute Ischemic stroke in Emergency Room
Neurological Evaluation of Acute Ischemic stroke in Emergency Room
 
Lifestyle Measures to Prevent Brain Diseases.pptx
Lifestyle Measures to Prevent Brain Diseases.pptxLifestyle Measures to Prevent Brain Diseases.pptx
Lifestyle Measures to Prevent Brain Diseases.pptx
 
MIGRAINE
MIGRAINEMIGRAINE
MIGRAINE
 
COVID-19 Presenting as stroke- mechanisms, diagnosis and treatment
COVID-19 Presenting as stroke- mechanisms, diagnosis and treatmentCOVID-19 Presenting as stroke- mechanisms, diagnosis and treatment
COVID-19 Presenting as stroke- mechanisms, diagnosis and treatment
 
CHRONIC PAIN AND DEPRESSION: Cause or Effect or Linked?
CHRONIC PAIN AND DEPRESSION: Cause or Effect or Linked?CHRONIC PAIN AND DEPRESSION: Cause or Effect or Linked?
CHRONIC PAIN AND DEPRESSION: Cause or Effect or Linked?
 
Neurological Manifestations of COVID-19 Infection
Neurological Manifestations of COVID-19 InfectionNeurological Manifestations of COVID-19 Infection
Neurological Manifestations of COVID-19 Infection
 
ZONISAMIDE IN TREATMENT OF EPILEPSY
ZONISAMIDE IN TREATMENT OF EPILEPSYZONISAMIDE IN TREATMENT OF EPILEPSY
ZONISAMIDE IN TREATMENT OF EPILEPSY
 
Multiple sclerosis: fighting the invisible
Multiple sclerosis: fighting the  invisibleMultiple sclerosis: fighting the  invisible
Multiple sclerosis: fighting the invisible
 
Managing stroke beyond windlow period
Managing stroke beyond windlow periodManaging stroke beyond windlow period
Managing stroke beyond windlow period
 
WHEN STROKE STRIKES PREGNANCY
WHEN STROKE STRIKES PREGNANCYWHEN STROKE STRIKES PREGNANCY
WHEN STROKE STRIKES PREGNANCY
 
MANAGEMENT OF ACUTE STROKE
MANAGEMENT OF ACUTE STROKEMANAGEMENT OF ACUTE STROKE
MANAGEMENT OF ACUTE STROKE
 
NEDA in multiple sclerosis
NEDA in multiple sclerosisNEDA in multiple sclerosis
NEDA in multiple sclerosis
 
NEUROLOGICAL DISORDERS DUE TO METABOLIC DERANGEMENTS
NEUROLOGICAL DISORDERS DUE TO METABOLIC DERANGEMENTSNEUROLOGICAL DISORDERS DUE TO METABOLIC DERANGEMENTS
NEUROLOGICAL DISORDERS DUE TO METABOLIC DERANGEMENTS
 
Management of High Disease Activity in Multiple Sclerosis (MS)
Management of High Disease Activity in Multiple Sclerosis (MS)Management of High Disease Activity in Multiple Sclerosis (MS)
Management of High Disease Activity in Multiple Sclerosis (MS)
 
Multiple sclerosis: Revised diagnostic criteria
Multiple sclerosis: Revised diagnostic criteria Multiple sclerosis: Revised diagnostic criteria
Multiple sclerosis: Revised diagnostic criteria
 
Addressing hypertension to reduce the burden of stroke 19 feb2018 (1)
Addressing hypertension to reduce  the burden of stroke 19 feb2018 (1)Addressing hypertension to reduce  the burden of stroke 19 feb2018 (1)
Addressing hypertension to reduce the burden of stroke 19 feb2018 (1)
 
Role of Blood Pressure in Recurrent Stroke
Role of Blood Pressure in Recurrent StrokeRole of Blood Pressure in Recurrent Stroke
Role of Blood Pressure in Recurrent Stroke
 
Palmitoylethanolamide in the Treatment of Neuropathic Pain
Palmitoylethanolamide in the Treatment of Neuropathic Pain Palmitoylethanolamide in the Treatment of Neuropathic Pain
Palmitoylethanolamide in the Treatment of Neuropathic Pain
 
Newer drugs for the treatment of motor symptoms of Parkinson's Disease
Newer drugs for the treatment of motor symptoms of Parkinson's DiseaseNewer drugs for the treatment of motor symptoms of Parkinson's Disease
Newer drugs for the treatment of motor symptoms of Parkinson's Disease
 
Management of acute stroke
Management of acute strokeManagement of acute stroke
Management of acute stroke
 

Recently uploaded

McDonald's: A Journey Through Time (PPT)
McDonald's: A Journey Through Time (PPT)McDonald's: A Journey Through Time (PPT)
McDonald's: A Journey Through Time (PPT)DEVARAJV16
 
marketing strategy of tanishq word PPROJECT.pdf
marketing strategy of tanishq word PPROJECT.pdfmarketing strategy of tanishq word PPROJECT.pdf
marketing strategy of tanishq word PPROJECT.pdfarsathsahil
 
VIP Call Girls In Green Park 9654467111 Escorts Service
VIP Call Girls In Green Park 9654467111 Escorts ServiceVIP Call Girls In Green Park 9654467111 Escorts Service
VIP Call Girls In Green Park 9654467111 Escorts ServiceSapana Sha
 
SORA AI: Will It Be the Future of Video Creation?
SORA AI: Will It Be the Future of Video Creation?SORA AI: Will It Be the Future of Video Creation?
SORA AI: Will It Be the Future of Video Creation?Searchable Design
 
Digital Marketing Spotlight: Lifecycle Advertising Strategies.pdf
Digital Marketing Spotlight: Lifecycle Advertising Strategies.pdfDigital Marketing Spotlight: Lifecycle Advertising Strategies.pdf
Digital Marketing Spotlight: Lifecycle Advertising Strategies.pdfDemandbase
 
Word Count for Writers: Examples of Word Counts for Sample Genres
Word Count for Writers: Examples of Word Counts for Sample GenresWord Count for Writers: Examples of Word Counts for Sample Genres
Word Count for Writers: Examples of Word Counts for Sample GenresLisa M. Masiello
 
The Impact of Digital Technologies
The Impact of Digital Technologies The Impact of Digital Technologies
The Impact of Digital Technologies bruguardarib
 
DGR_Digital Advertising Strategies for a Cookieless World_Presentation.pdf
DGR_Digital Advertising Strategies for a Cookieless World_Presentation.pdfDGR_Digital Advertising Strategies for a Cookieless World_Presentation.pdf
DGR_Digital Advertising Strategies for a Cookieless World_Presentation.pdfDemandbase
 
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdf
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdfSnapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdf
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdfEastern Online-iSURVEY
 
2024 SEO Trends for Business Success (WSA)
2024 SEO Trends for Business Success (WSA)2024 SEO Trends for Business Success (WSA)
2024 SEO Trends for Business Success (WSA)Jomer Gregorio
 
Social Samosa Guidebook for SAMMIES 2024.pdf
Social Samosa Guidebook for SAMMIES 2024.pdfSocial Samosa Guidebook for SAMMIES 2024.pdf
Social Samosa Guidebook for SAMMIES 2024.pdfSocial Samosa
 
Influencer Marketing Power point presentation
Influencer Marketing  Power point presentationInfluencer Marketing  Power point presentation
Influencer Marketing Power point presentationdgtivemarketingagenc
 
Mastering SEO in the Evolving AI-driven World
Mastering SEO in the Evolving AI-driven WorldMastering SEO in the Evolving AI-driven World
Mastering SEO in the Evolving AI-driven WorldScalenut
 
Storyboards for my Final Major Project Video
Storyboards for my Final Major Project VideoStoryboards for my Final Major Project Video
Storyboards for my Final Major Project VideoSineadBidwell
 
Omnichannel Marketing: Defining Omnichannel Marketing
Omnichannel Marketing: Defining Omnichannel MarketingOmnichannel Marketing: Defining Omnichannel Marketing
Omnichannel Marketing: Defining Omnichannel MarketingDove Soft Ltd
 
Best Persuasive selling skills presentation.pptx
Best Persuasive selling skills  presentation.pptxBest Persuasive selling skills  presentation.pptx
Best Persuasive selling skills presentation.pptxMasterPhil1
 
Red bull marketing presentation pptxxxxx
Red bull marketing presentation pptxxxxxRed bull marketing presentation pptxxxxx
Red bull marketing presentation pptxxxxx216310017
 
Local SEO Domination: Put your business at the forefront of local searches!
Local SEO Domination:  Put your business at the forefront of local searches!Local SEO Domination:  Put your business at the forefront of local searches!
Local SEO Domination: Put your business at the forefront of local searches!dstvtechnician
 
Inbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon Garside
Inbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon GarsideInbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon Garside
Inbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon Garsiderobwhite630290
 
Jai Institute for Parenting Program Guide
Jai Institute for Parenting Program GuideJai Institute for Parenting Program Guide
Jai Institute for Parenting Program Guidekiva6
 

Recently uploaded (20)

McDonald's: A Journey Through Time (PPT)
McDonald's: A Journey Through Time (PPT)McDonald's: A Journey Through Time (PPT)
McDonald's: A Journey Through Time (PPT)
 
marketing strategy of tanishq word PPROJECT.pdf
marketing strategy of tanishq word PPROJECT.pdfmarketing strategy of tanishq word PPROJECT.pdf
marketing strategy of tanishq word PPROJECT.pdf
 
VIP Call Girls In Green Park 9654467111 Escorts Service
VIP Call Girls In Green Park 9654467111 Escorts ServiceVIP Call Girls In Green Park 9654467111 Escorts Service
VIP Call Girls In Green Park 9654467111 Escorts Service
 
SORA AI: Will It Be the Future of Video Creation?
SORA AI: Will It Be the Future of Video Creation?SORA AI: Will It Be the Future of Video Creation?
SORA AI: Will It Be the Future of Video Creation?
 
Digital Marketing Spotlight: Lifecycle Advertising Strategies.pdf
Digital Marketing Spotlight: Lifecycle Advertising Strategies.pdfDigital Marketing Spotlight: Lifecycle Advertising Strategies.pdf
Digital Marketing Spotlight: Lifecycle Advertising Strategies.pdf
 
Word Count for Writers: Examples of Word Counts for Sample Genres
Word Count for Writers: Examples of Word Counts for Sample GenresWord Count for Writers: Examples of Word Counts for Sample Genres
Word Count for Writers: Examples of Word Counts for Sample Genres
 
The Impact of Digital Technologies
The Impact of Digital Technologies The Impact of Digital Technologies
The Impact of Digital Technologies
 
DGR_Digital Advertising Strategies for a Cookieless World_Presentation.pdf
DGR_Digital Advertising Strategies for a Cookieless World_Presentation.pdfDGR_Digital Advertising Strategies for a Cookieless World_Presentation.pdf
DGR_Digital Advertising Strategies for a Cookieless World_Presentation.pdf
 
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdf
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdfSnapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdf
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdf
 
2024 SEO Trends for Business Success (WSA)
2024 SEO Trends for Business Success (WSA)2024 SEO Trends for Business Success (WSA)
2024 SEO Trends for Business Success (WSA)
 
Social Samosa Guidebook for SAMMIES 2024.pdf
Social Samosa Guidebook for SAMMIES 2024.pdfSocial Samosa Guidebook for SAMMIES 2024.pdf
Social Samosa Guidebook for SAMMIES 2024.pdf
 
Influencer Marketing Power point presentation
Influencer Marketing  Power point presentationInfluencer Marketing  Power point presentation
Influencer Marketing Power point presentation
 
Mastering SEO in the Evolving AI-driven World
Mastering SEO in the Evolving AI-driven WorldMastering SEO in the Evolving AI-driven World
Mastering SEO in the Evolving AI-driven World
 
Storyboards for my Final Major Project Video
Storyboards for my Final Major Project VideoStoryboards for my Final Major Project Video
Storyboards for my Final Major Project Video
 
Omnichannel Marketing: Defining Omnichannel Marketing
Omnichannel Marketing: Defining Omnichannel MarketingOmnichannel Marketing: Defining Omnichannel Marketing
Omnichannel Marketing: Defining Omnichannel Marketing
 
Best Persuasive selling skills presentation.pptx
Best Persuasive selling skills  presentation.pptxBest Persuasive selling skills  presentation.pptx
Best Persuasive selling skills presentation.pptx
 
Red bull marketing presentation pptxxxxx
Red bull marketing presentation pptxxxxxRed bull marketing presentation pptxxxxx
Red bull marketing presentation pptxxxxx
 
Local SEO Domination: Put your business at the forefront of local searches!
Local SEO Domination:  Put your business at the forefront of local searches!Local SEO Domination:  Put your business at the forefront of local searches!
Local SEO Domination: Put your business at the forefront of local searches!
 
Inbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon Garside
Inbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon GarsideInbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon Garside
Inbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon Garside
 
Jai Institute for Parenting Program Guide
Jai Institute for Parenting Program GuideJai Institute for Parenting Program Guide
Jai Institute for Parenting Program Guide
 

Marketing one's Products and Skills

  • 1. MARKETING ONE’S PRODUCTS: IS IT THAT DIFFICULT? A DOCTOR’S PERSPECTIVE DR SUDHIR KUMAR MD DM CONSULTANT NEUROLOGIST APOLLO HOSPITALS, HYDERABAD
  • 2. Why was this topic given to me? • Is the skill of “marketing” needed by only a few of us, such as sales persons? • No, we all need to know about effective marketing skills, • We need to market our talents and skills on a daily basis, • Landing a job commensurate with one’s skills needs marketing, so does the progress/promotion in one’s career path!
  • 3. IS MARKETING DIFFICULT? Efficient marketing is the key to influence our customers!
  • 4. MARKETING: DEFINITION • The action or business of promoting and selling products or services, including market research and advertising. • The management process responsible for identifying, anticipating and satisfying customer requirements profitably. • Marketing is a science, as it involves extensive use of psychology, sociology, mathematics, economics, anthropology and neuroscience.
  • 5. THE MARKETING MIX (THE 4 Ps)
  • 6. PRODUCT • Company name & branding, • Specifications as per customers’ requirements, • Packaging & labeling, strategic positioning in stores, • Designing and product innovations, • Warranty, guarantee, support.
  • 7. PRICING • The science of fixing a price for a product, monetary or otherwise. • May include discounts (discounts don’t work for long; may erode profits too!), • Need to look at the competitors’ prices, • However, quality and uniqueness of own products are more important, • Volume of sales may play a role in pricing too!
  • 8. PLACE (DISTRIBUTION) • Online/retail/both • Channels- direct/wholesale/stockist/dealers • Choose the correct geographical area (choosing Sudan for anti-obesity products would surely fail!), • Target the correct persons- based on profession or age or gender (for ex: Focus on equity over FD/debt instruments while dealing with people in 30s)
  • 9. PROMOTION • Marketing communications, • Advertising- print/TV/FM/social media • Personal selling, • Branded entertainment shows/sporting events (Events such as IPL can make a brand “star”!) • Exhibitions
  • 10. The 6 Ps of Retailing
  • 11. PERSONNEL • Personnel are the keys to successful marketing, • We have seen sales coming down once a regular marketing person leaves a company (sales may even get transferred to the new company!), • Training and retaining personnel play a key role in improving sales, • Weaning off “poor performers” and “non- improvers” is equally important!
  • 12. UNDERSTAND CONSUMER NEEDS • Enquire, talk and assess the exact requirements of the customers, • Identify the “vacuum” & “underserved areas” • If needed, communicate to head office for a need to do research/innovation to fill the gaps, • Focus on areas/segments with lesser competition and niche areas, • Withdraw items/services, whose preference is waning.
  • 13. MEETING THE CONSUMER • Meet the appropriate consumers (no point promoting the latest anti-diabetic drug to a neurologist!), • Seek prior appointment (barging into a busy office is a sure way of putting off the person!), • Proper grooming & attire (who doesn’t like a smartly dressed person!) • Be armed with all available information about the products (blank face on questioning is a big “negative”!)
  • 14. Interacting with Consumer This may not work for long!
  • 15. INTERACTING WITH CONSUMER(1) • Amount of time is “limited” (30 sec to a min) • Focus on the product, its uniqueness, quality and economical aspects, • Focus on a few key products in one visit (no point listing 20 products in 40 seconds, consumer may not remember even one of them!) • Requesting to use a product just because a “famous person is using” can put off many, so avoid!
  • 16. Very often this is the reality!
  • 17. INTERACTING WITH CONSUMER(2) • Maintain continuity of visits/meetings (it does not take much time to forget a product!) • Presentation skills are important too (eye contact, confidence, proper use of hand outs/i-pads) • Avoid talking about “off-label” use of products, • Do not “undermine” rival brands/products/companies (can backfire at times!)
  • 18. CUSTOMERS ARE KINGS- can’t fool them!
  • 19. “BACK-END” WORK • Regular follow-up regarding usage of products and any concerns that the consumer may have is important, • Ensure adequate supply and wide availability (a product out of shelf for a few days can put off patients and docs!), • Take note of any adverse effects/defects in products/packaging, etc and report to head office. • Respond to customer complaints “promptly” and take remedial/corrective measures.
  • 20. Deadlines and Targets • Humans are basically “lazy” (there are a few exceptions), so, targets and deadlines are important, • Targets could be “meeting a particular number of customers”, or “particular amount of sales”, • Targets can be set by bosses or the marketing personnel themselves, • “Self-set” targets suggest inner motivation and are more likely to succeed.
  • 21. INCENTIVES • If targets inspire people, incentives too (release of dopamine in response to reward can be addictive!), • Incentives should be “performance-based” and not “person-based” (qualifications, physical looks and closeness to boss should take a back seat!)
  • 22. Does Marketing still look difficult? • I am sure it looks easier now, • If you follow these simple rules, sales would increase, and profits would follow

Editor's Notes

  1. Ratan Tata as an example; job as per degrees/expertise
  2. Without marketing, a good product can fail; and on the other hand, with proper marketing, an average product can become “super hit”! (Case of insurance policies being oversold with promises of stellar returns! Or investing in second home to earn rental income, which in most cases are even lower than FDs)
  3. Buying a product should be need-based, however, many times, it is impulsive. Emotions too play a role. When happy, one tends to splurge (increased sales during festivals). Discounts work on minds too- one often buys things that they do not need! Also, peer pressure and jealousy play a part- “if the neighbor has it, I should have it too, or may be better than my neighbour”- Remember- Onida TV’s ad- neighbour’s envy, owner’s pride
  4. Mercedes, HDFC bank, Apollo Hospitals- strong brand names; marketing easier. Maruti- Wide distribution of service centers, Nexa added customers to premium segment. Perfumes, watches, always kept at the front, easily noted from outside. Best dresses on mannequins (with shapely body contours)
  5. Price should give the feeling of “value for money”. Should neither be too exorbitant nor too cheap. Exorbitant prices can drive the customers away, whereas deep discounts can ruin the finances of the company or person- so both situations should be avoided.
  6. Wider distribution or expansion would require more infrastructure/logistics/personnel, etc. These should be ready before venturing into a new area. Online marketing has added a new dimension to sales/marketing. The entire world has become the marketplace. A person/company, not joining the online platform, would surely take a hit on their sales, and may go into oblivion too!
  7. Correct event/function should be chosen to promote the products. For ex- health drinks or fitness gadgets can be well promoted during a marathon or sporting event. Promoting Macdonald or KFC in those events would be a waste of resources. Exaggeration and false claims regarding products should be avoided.
  8. Efficient people should be groomed & nurtured. They should be treated like family. They should be made to feel that they belong to the company. It is equally important to show the door to a non-performer or non-learner. Not only they are unable to increase sales, they may also negatively influence other better performers and spoil the company’s name.
  9. Positive examples: Colgate- venturing into herbal toothpaste; coke venturing in to fruit juices; ITC giving additional focus to non-tobacco businesses. Negative examples- Nokia not realizing the consumer preferences of smartphones, 100 year old company Kodak became bankrupt because of not entering digital camera segment at the right time.
  10. Flowers work, but only for a while…their freshness and fragrance are temporary! Perfect product, efficient communication and pleasant manners, on the other hand, would leave a longer-lasting impact on the consumer.
  11. When you meet the consumer, come to the main point- your product- soon. There is no point talking about the latest development in politics, as the time allotted is little. Talk about proper evidence (in medicine, we call it class I evidence) and not anecdotal evidence (such as endorsement by a famous person) regarding the effectiveness or superiority of a product.
  12. Many people do not know what to talk to a consumer. Talking more is not always more effective. Communication should be what the consumer wants, and not what we want to say!