Marketing Management for Dummies- B.V.Raghunandan, SVS College, Bantwal.ITI Students ,MSME, Mangalore, February 4, 2011
Marketing Management-what is it…..Study of the market for intended productsUnderstanding the target customersApproach to customersDeveloping relevant product featuresEstablishing effective channels of distributionSuitable promotion of the productRegular collection of market informationPost Sale customer satisfaction
Market StudySize of the marketSustainability of demandLevel of competitionSocial acceptanceEnvironmental clearanceGovernment policyScalability of the demand
Understanding the Target GroupIncome levelLifestylesDemographic profileGeographic spread/concentrationFrequency of consumptionLikely changes in tastesCreation of identities
Approach to CustomersProduction conceptProduct conceptSales conceptMarketing conceptSocietal concept
Developing Relevant Product FeaturesBranding PackagingPerformancePricePromotionDistributionService CentersGrievance Redressal
Channels of DistributionDirect channelUse of wholesalerWholesaler and retailerAgent middlemanFranchisees
Channel StrategiesSalesmanshipJoint-ventureFranchiseTake-overJoint marketingPortalsTaking stakeOutsourcing
Promotion: Advertisement MediaNewspapersMagazines & JournalsPostal CoversRadioTVInternetOutdoor Advertisement
Sales PromotionRebatesLottery SchemesTrade-offFestival offersSale or Return offerDemonstrationBonus offer
Promotion: OthersSponsorship of eventsPublicity with  a social causeSocial advertisementInfrastructure DevelopmentAt the point of salesExhibitions
Regular Collection of Market InformationDealersMarket ReportsCustomer contact programmesSalesmenCompetitors reportsDemographic studiesOpinions of analysts
After-Sale Customer ServiceInstallationHome DeliveryDemonstrationTraining ProgrammesMaintenanceWarrantyRelationship marketing
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Marketing management for dummies b.v.raghunandan