Marketing 101
Watershed Institute
March 24, 2015
Prof. Matthew Weber
2
Workshop Agenda
• Introductions
• Overview of Marketing, Advertising, Branding
[break]
• Basics of a Marketing Plan
[break]
• Tactics and Marketing in Practice
2
Objectives
• To get you thinking about ways you can improve your marketing
efforts
• To provide you with a deeper understanding of the importance of
marketing planning, and to provide you with an overview of how
you can develop marketing plans
• To provide you with easy-to-use tactics to improve your specific
marketing campaigns
3
OVERVIEW
4
What is media?
5
21st Century Marketing & Advertising
• Rise of targeted media
– 21st century invention or evolving pattern?
• Newspapers?
• Radio?
• TV?
– Shift to small-scale marketing opportunities
• Social media
• Word-of-mouth
• Guerilla-style marketing
6
touchpoints
7
8
What is a brand?
9
11
12
13
14
What is a brand?
“a name, term, sign symbol, or design,
or a combination of them, intended to
identify the goods or services of one
seller or group of collers and to
differentiate them from those of
competitors.”
(AMA, 2008)
Six levels of meaning
attributes
benefits
values
culture
personality
user
What is marketing?
19
What is marketing?
• Traditional Approach
– Selling & Advertising (one part)
– What else?
• Product
• Place
• Promotion
• Price
• Customer Satisfaction
– What do you think it means for non-profits?
20
The Product Element
• What is the product?
– Where are you in your product lifecycle?
• Marketers…
– Position
– Differentiate
– Brand
• Name
• Words
• Symbols
• Design
21
Common marketing problems
• How can we identify and choose profitable market segments?
• How can differentiate our offer from our competition?
• How should we react to competitors? (should we react?)
• How can we satisfy our customers and build brand loyalty?
• How can we measure the effectiveness of an ad campaign, of Public
Relations, of a promotion, etc…?
22
23
Strategy vs. Tactics
• Strategy is means to accomplish goal, e.g., awareness goal will be
met by advertising
• Tactics pertains to the implementation, e.g., media schedule,
agency, message, etc.
– how to, by whom, by when, with what resources
24
What is advertising?
25
#FirstWorldProblems
26
27
28
Monitors & Controls
• 74% of consumer product firms have explicit sales promotion tactics
– Only 36% monitor
• 69% of industrial firms have explicit sales tactics
– Only 46 % monitor
• Only 1 in 4 firms has a contingency plan
– Both good and bad events (e.g., competitor merges or leaves)
– What ifs and appropriate trigger points
29Source: Conference Board
BASICS OF MARKETING PLANNING
30
Why do a marketing plan?
• Develop a strategic document that can guide your marketing for 2 –
5 years
– Insures consistency even in the case of turnover / disruptions
– Helps to build a strong brand
• Makes a case for funding
– Avoids the “one-off” problem
• Communicates marketing across the organization
– Shift from “marketing as a cost center” to “marketing as a organization wide
initiative”
31
The Marketing Plan
• Where are we now?
• Where do we want to be?
• How do we get there?
• Contains:
– Executive Summary
– Situation Analysis
– Marketing Objectives
– Strategy and Tactics
– Monitors and Controls
– Financial Documents
32
Marketing Plans 101
• Table of Contents
– Executive Summary
– Situation analysis
– Market Analysis & Strategies
– Tactical Plans
– Appendices
33
Situation Analysis (the 5C’s)
• Review of Status and Future Outlook
– Not just data, but implications
– Brevity, prioritization of information
– Diagnostic, not descriptive
• 5C’s
– Customer
– Company
– Context
– Collaborators
– Competitors
34
Market analysis and strategies
• STP
– Segmentation
– Targeting
– Positioning
35
36
Tactical Plans
• The 4Ps
– Product
– Price
– Place
– Promotion
37
Appendices
• Include your backup data
• Include summaries of research
– Primary – focus groups, surveys, etc.
– Secondary – industry reports, trends
38
MARKETING IN PRACTICE
39
Stages of Market Research
• Problem Definition (analyze)
• Approach to Problem
• Research Design
• Field Work
• Data Preparation & Analysis
• Report Preparation & Presentation
40
Conducting Marketing Research
• Online surveys
– Basic survey elements and pitfalls
• Avoid open ended questions
• Avoid overlapping categories
• Avoid double-barrel questions
• Have someone test your survey!
– Use a free online survey
• Qualtrics.com and surveymonkey.com
41
Tactics
• Create an impactful brand image
– Consider using freelance services
• 99designs.com
• Search
– Purchasing keywords and placing ads
– Google Adwords (adwords.google.com)
• Digital
– Determine how tactics match strategy
– Only invest time if you can sustain the commitment
• Social
– Engage and advertise
42
Driving Website Relevance
• Consider an online design resource
– Moonfruit.com
– Squarspace.com
• Increase search presence
– Keywords on websites
– Linking to others, and having others link to you
• Leverage networks
43
44
Thank You!
Matthew Weber
Assistant Professor, Department of Communication
Rutgers University
matthew.weber@rutgers.edu
848-932-8718
45

032415 marketing 101 watershed upload

  • 1.
    Marketing 101 Watershed Institute March24, 2015 Prof. Matthew Weber
  • 2.
    2 Workshop Agenda • Introductions •Overview of Marketing, Advertising, Branding [break] • Basics of a Marketing Plan [break] • Tactics and Marketing in Practice 2
  • 3.
    Objectives • To getyou thinking about ways you can improve your marketing efforts • To provide you with a deeper understanding of the importance of marketing planning, and to provide you with an overview of how you can develop marketing plans • To provide you with easy-to-use tactics to improve your specific marketing campaigns 3
  • 4.
  • 5.
  • 6.
    21st Century Marketing& Advertising • Rise of targeted media – 21st century invention or evolving pattern? • Newspapers? • Radio? • TV? – Shift to small-scale marketing opportunities • Social media • Word-of-mouth • Guerilla-style marketing 6
  • 7.
  • 8.
  • 9.
    What is abrand? 9
  • 11.
  • 12.
  • 13.
  • 14.
  • 17.
    What is abrand? “a name, term, sign symbol, or design, or a combination of them, intended to identify the goods or services of one seller or group of collers and to differentiate them from those of competitors.” (AMA, 2008)
  • 18.
    Six levels ofmeaning attributes benefits values culture personality user
  • 19.
  • 20.
    What is marketing? •Traditional Approach – Selling & Advertising (one part) – What else? • Product • Place • Promotion • Price • Customer Satisfaction – What do you think it means for non-profits? 20
  • 21.
    The Product Element •What is the product? – Where are you in your product lifecycle? • Marketers… – Position – Differentiate – Brand • Name • Words • Symbols • Design 21
  • 22.
    Common marketing problems •How can we identify and choose profitable market segments? • How can differentiate our offer from our competition? • How should we react to competitors? (should we react?) • How can we satisfy our customers and build brand loyalty? • How can we measure the effectiveness of an ad campaign, of Public Relations, of a promotion, etc…? 22
  • 23.
  • 24.
    Strategy vs. Tactics •Strategy is means to accomplish goal, e.g., awareness goal will be met by advertising • Tactics pertains to the implementation, e.g., media schedule, agency, message, etc. – how to, by whom, by when, with what resources 24
  • 25.
  • 26.
  • 27.
  • 28.
  • 29.
    Monitors & Controls •74% of consumer product firms have explicit sales promotion tactics – Only 36% monitor • 69% of industrial firms have explicit sales tactics – Only 46 % monitor • Only 1 in 4 firms has a contingency plan – Both good and bad events (e.g., competitor merges or leaves) – What ifs and appropriate trigger points 29Source: Conference Board
  • 30.
  • 31.
    Why do amarketing plan? • Develop a strategic document that can guide your marketing for 2 – 5 years – Insures consistency even in the case of turnover / disruptions – Helps to build a strong brand • Makes a case for funding – Avoids the “one-off” problem • Communicates marketing across the organization – Shift from “marketing as a cost center” to “marketing as a organization wide initiative” 31
  • 32.
    The Marketing Plan •Where are we now? • Where do we want to be? • How do we get there? • Contains: – Executive Summary – Situation Analysis – Marketing Objectives – Strategy and Tactics – Monitors and Controls – Financial Documents 32
  • 33.
    Marketing Plans 101 •Table of Contents – Executive Summary – Situation analysis – Market Analysis & Strategies – Tactical Plans – Appendices 33
  • 34.
    Situation Analysis (the5C’s) • Review of Status and Future Outlook – Not just data, but implications – Brevity, prioritization of information – Diagnostic, not descriptive • 5C’s – Customer – Company – Context – Collaborators – Competitors 34
  • 35.
    Market analysis andstrategies • STP – Segmentation – Targeting – Positioning 35
  • 36.
  • 37.
    Tactical Plans • The4Ps – Product – Price – Place – Promotion 37
  • 38.
    Appendices • Include yourbackup data • Include summaries of research – Primary – focus groups, surveys, etc. – Secondary – industry reports, trends 38
  • 39.
  • 40.
    Stages of MarketResearch • Problem Definition (analyze) • Approach to Problem • Research Design • Field Work • Data Preparation & Analysis • Report Preparation & Presentation 40
  • 41.
    Conducting Marketing Research •Online surveys – Basic survey elements and pitfalls • Avoid open ended questions • Avoid overlapping categories • Avoid double-barrel questions • Have someone test your survey! – Use a free online survey • Qualtrics.com and surveymonkey.com 41
  • 42.
    Tactics • Create animpactful brand image – Consider using freelance services • 99designs.com • Search – Purchasing keywords and placing ads – Google Adwords (adwords.google.com) • Digital – Determine how tactics match strategy – Only invest time if you can sustain the commitment • Social – Engage and advertise 42
  • 43.
    Driving Website Relevance •Consider an online design resource – Moonfruit.com – Squarspace.com • Increase search presence – Keywords on websites – Linking to others, and having others link to you • Leverage networks 43
  • 44.
  • 45.
    Thank You! Matthew Weber AssistantProfessor, Department of Communication Rutgers University matthew.weber@rutgers.edu 848-932-8718 45