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What is Marketing?
Why is it important?
Creating Value
IHow do businesses create value through
marketing?
● First, businesses take all levels of marketing and work to build
relationships with parteners and customers to introduce their products,
idea, and or services to the market at the correct time and place (Where
customers want it)
● Then they research and collect information about their potential
customers, target market, and competition. They share this information
with all members of their company including their social media managers.
Then what?
They come up with the cost of their product or
service. They have to balance the benefits and
cost of what they are marketing for their
customers and themselves.
They also have to consider their community and
society as a whole.
Finally they take advantage of technology and
connect with their customers using social
media.
Value Oriented
Marketers
Constanty balance fhe value a
customer recieves from their product
with the cost.
Use customer data to find
opportunities to satisfy their
customers needs while keeping cost
low.
Develop long term loyalty with their
customers.
72%
Of people say the main reason they trust a brand is because they deliver quality
goods or services
Adding Value
The most important concept of
marketing
“Marketing is not the art of finding clever
ways to dispose of what you make. It is
the art of creating genuine customer
value”
- Philip Kotler
Value is at the center
of any marketing
strategy
Thanks!
Kali Geisecke
Sinclair Community College
Foundations Of Marketing

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How Businesses Create Value Through Marketing

  • 1. What is Marketing? Why is it important?
  • 3. IHow do businesses create value through marketing? ● First, businesses take all levels of marketing and work to build relationships with parteners and customers to introduce their products, idea, and or services to the market at the correct time and place (Where customers want it) ● Then they research and collect information about their potential customers, target market, and competition. They share this information with all members of their company including their social media managers.
  • 4. Then what? They come up with the cost of their product or service. They have to balance the benefits and cost of what they are marketing for their customers and themselves. They also have to consider their community and society as a whole. Finally they take advantage of technology and connect with their customers using social media.
  • 5. Value Oriented Marketers Constanty balance fhe value a customer recieves from their product with the cost. Use customer data to find opportunities to satisfy their customers needs while keeping cost low. Develop long term loyalty with their customers.
  • 6. 72% Of people say the main reason they trust a brand is because they deliver quality goods or services
  • 7. Adding Value The most important concept of marketing
  • 8. “Marketing is not the art of finding clever ways to dispose of what you make. It is the art of creating genuine customer value” - Philip Kotler
  • 9. Value is at the center of any marketing strategy
  • 10. Thanks! Kali Geisecke Sinclair Community College Foundations Of Marketing