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PPPP4P
Product Price
Promotion Place
Product
• Refers to the goods and services you offer to your customer.
• Product Attributes:
• Quality
• Some people really want quality vs. others that don’t really matter.
• Features
• How will your product/service differ from the competition?
• Design
• How is it going to look?
• Consumers often will purchase because “it looks cool”
• Warranty
• What is the Warranty of your Product?
Price
• Price refers to how much you charge for your product or service.
• Must consider the costs of all the inputs (materials, labour, etc)
• Mark-up Price – How much profit do you want to make on every
product/customer
• Different Pricing Strategies
• Competitive – basing your prices on those of the competition
• Penetration – pricing low just to get some business for new entrants.
• Bundle – putting the product with another item and bundling the
prices.
• Skimming – product at high price for affluent customers.
• Psychological – based on price that looks better. For eg: Rs 199.99
looks better than Rs 200.
Place
• Simply refers to how & where you are going to sell the product
to the consumer
• Direct Distribution – selling your product directly to the
consumer
• Brick & Mortar vs. Virtual Store
• Indirect Distribution – sold through a 3rd party
• What retailers are the best for reaching your Target Market?
• Market Coverage:
• Intensive Distribution
• Selective Distribution
• Exclusive Distribution
Promotion
• Promotion refers to the advertising and selling part of marketing.
• It is how you let people know what you have got for sale.
• A successful product or service means nothing unless the benefit
of that product/service can be communicated to the Target
Market
• Celebrities endorsements.
The big factor that has pushed up cdm sales is the Amitabh
Bachchan campaign. Cadbury appointed Amitabh
Bachchan as its brand ambassador.
BuzzSales
AdvertisingPublic Relations
Marketing Concept

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4P's of Marketing

  • 1.
  • 3. Product • Refers to the goods and services you offer to your customer. • Product Attributes: • Quality • Some people really want quality vs. others that don’t really matter. • Features • How will your product/service differ from the competition? • Design • How is it going to look? • Consumers often will purchase because “it looks cool” • Warranty • What is the Warranty of your Product?
  • 4.
  • 5. Price • Price refers to how much you charge for your product or service. • Must consider the costs of all the inputs (materials, labour, etc) • Mark-up Price – How much profit do you want to make on every product/customer • Different Pricing Strategies • Competitive – basing your prices on those of the competition • Penetration – pricing low just to get some business for new entrants. • Bundle – putting the product with another item and bundling the prices. • Skimming – product at high price for affluent customers. • Psychological – based on price that looks better. For eg: Rs 199.99 looks better than Rs 200.
  • 6.
  • 7. Place • Simply refers to how & where you are going to sell the product to the consumer • Direct Distribution – selling your product directly to the consumer • Brick & Mortar vs. Virtual Store • Indirect Distribution – sold through a 3rd party • What retailers are the best for reaching your Target Market? • Market Coverage: • Intensive Distribution • Selective Distribution • Exclusive Distribution
  • 8. Promotion • Promotion refers to the advertising and selling part of marketing. • It is how you let people know what you have got for sale. • A successful product or service means nothing unless the benefit of that product/service can be communicated to the Target Market • Celebrities endorsements. The big factor that has pushed up cdm sales is the Amitabh Bachchan campaign. Cadbury appointed Amitabh Bachchan as its brand ambassador.