MKT 365 Week 6

206 views

Published on

Published in: Business, Economy & Finance
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
206
On SlideShare
0
From Embeds
0
Number of Embeds
6
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

MKT 365 Week 6

  1. 1. WEEK 6MKT 365
  2. 2. TOPICS• Positioning statements for value• Developing the community basedsocial marketing ‘product’
  3. 3. 10 STEPS1. Conceptualize2. Situational Analysis3. Target Audience4. Behavioral objectives andgoals5. Barriers, Benefits andCompetition6. Positioning Statement7. Marketing Mix (4 p’s)8. Monitoring and Evaluating9. Budget10.Implementation
  4. 4. STEP 6: POSITIONING• Positioning is all about making thetargeted behavior appear attractive orbetter than the alternative/competition• Best way: Value-centered• What is value?
  5. 5. • What is valuegenerally: How domost peopledefine/perceivevalue?• How do marketingprofessionalsdefine/perceivevalue?• Take 10 minutes withyour group to comeup with a definitionof value. Write it onthe blackboard.DEFINE VALUE
  6. 6. VALUEValue is the customer’s perception of the difference betweenbenefits of an offering and the costs. It can be measured likethis:Value=Benefits-CostsIt is also the the measure of how much an offering is capableof meeting a customer’s stated needs with features thatprovide unique benefits. It can be measured like this:Value=Needs+Benefits/Features
  7. 7. CRITICAL TO VALUE IS THENOTION OF FEATURES THATPROVIDE BENEFIT• What features’ benefitscome from this offering?• Is the provider uniquelycapable of deliveringthose features’ benefits?• Do the benefits match thetarget audience’s needs?• Value is created whentarget audience needs aremet by (ideally) a uniquebenefit.• Why unique?
  8. 8. • Focused on thecustomer and theirneeds• Gives customers aspecific reason to actnormally in a way thatis premised upon self-interest• Gives customers areason to choose anoffering over thecompetition• Customer is of primaryimportance, notfeatures, price orproductTHE BEST MARKETING ISBENEFIT DRIVEN
  9. 9. NEEDS ARE MET BY BENEFITS ANDFEATURES AND DIRECTED TO TARGETAUDIENCES (NOT EVERYONE!)NEED• Utility/purpose• Psychological/psychographic• Social and/orindividualFEATURE/BENEFIT• Feature works in acertain way• Feature provokesa specific feeling• Feature providesa shared goodinstead of, or inaddition to. anindividual one
  10. 10. • What is theneed?• Benefit?• And towhom is it abenefit?Why?EXAMPLE 1
  11. 11. • Feature?• Benefit?• Targetaudience?EXAMPLE 2
  12. 12. • Feature• Benefit• Targetaudience?EXAMPLE 3
  13. 13. • Feature?• Benefit?• Targetaudience?EXAMPLE 4
  14. 14. • Feature?• Benefit?• Targetaudience?EXAMPLE 5
  15. 15. • Feature?• Benefit?• Target Audience?• Effective?EXAMPLE 6
  16. 16. • Feature?• Benefit?• Targetaudience?EXAMPLE 7
  17. 17. • Feature?• Benefit?• Target audience?EXAMPLE 8
  18. 18. • Feature?• Benefit?• Targetaudience?EXAMPLE 9
  19. 19. • Feature?• Benefit?• TargetAudience?EXAMPLE 10
  20. 20. • Feature?• Benefit?• Targetaudience?EXAMPLE 11
  21. 21. • Feature?• Benefit?• Target audience?• Can every product,concept or servicehave value?• What about when itis unknown(diffusion ofinnovation model?)EXAMPLE 12
  22. 22. • What are the benefits?Take 15 minutes…• Choose three brandsyoulike/use/respect/admire• Can you identify threecompelling benefitsthat come from thebrands’products/features thatshape yourperception?• Think beyond featuresor specific products tobenefits to you as aconsumerBENEFITS ARE KEY!
  23. 23. HOW IS VALUE CONVEYED?STRATEGICALLY?• Positioning• Value propositions/statements
  24. 24. VALUEPROPOSITIONS/STATEMENTS/POSITIONINGSteps:1. Know the customer (NEEDS)2. Know the product/service or idea(FEATURES)3. Why would the customer choose theproduct/service or idea (BENEFITS)4. Combine features and benefits withneeds in a concise, direct statement
  25. 25. EXAMPLE• Categories/groups• Three main groups:• All benefits• Favorable points of interest• Resonating focus• Lowe’s “Never stop improving”• Why? Answer from Lowe’s CEO
  26. 26. • Pretty much thesame! Value isderived frombenefits• Positioningbecomes a littlemore complexsince it can bebased uponbehavior,barriers andbenefitsHOW DOES THIS LOOK INSOCIAL MARKETINGCONTEXT?
  27. 27. • Useful but limited toincreasingawareness• No inherent value• Example: 311 forcarry-onsBEHAVIOR FOCUSEDPOSITIONING
  28. 28. • Helps overcomefears or disinterestor misperceptionsabout time involvedbut limited; Again,no inherent value!• Example: Recyclingas easy as 1,2, 3BARRIERS FOCUSEDPOSITIONING
  29. 29. • Strongest• Value implied bybenefits (socialand/or individual)• Basis for valuepropositionsBENEFITS FOCUSEDPOSITIONING
  30. 30. • Think of thebehavioral changeneeds related toending childhoodobesity• List three benefits ofending childhoodobesity• Thinking about thosebenefits, craft a valuestatement/positioning statement forparents to changetheir behaviorsCREATE ONE!
  31. 31. • Think about the negativebehaviors related to gunviolence (failure to lockguns, using large ammoclips, no backgroundchecks at gun shows etc.)• What are the benefits tochanging behaviors?• Craft a value statementrelated to reducing gunviolenceCREATE ANOTHER
  32. 32. • Behaviorsneeded tochange textingand driving?• Benefits of thatchange?• Value statementONE MORE!

×