SlideShare a Scribd company logo
WEEK 6
MKT 365
TOPICS
• Positioning statements for value
• Developing the community based
social marketing ‘product’
10 STEPS
1. Conceptualize
2. Situational Analysis
3. Target Audience
4. Behavioral objectives and
goals
5. Barriers, Benefits and
Competition
6. Positioning Statement
7. Marketing Mix (4 p’s)
8. Monitoring and Evaluating
9. Budget
10.Implementation
STEP 6: POSITIONING
• Positioning is all about making the
targeted behavior appear attractive or
better than the alternative/competition
• Best way: Value-centered
• What is value?
• What is value
generally: How do
most people
define/perceive
value?
• How do marketing
professionals
define/perceive
value?
• Take 10 minutes with
your group to come
up with a definition
of value. Write it on
the blackboard.
DEFINE VALUE
VALUE
Value is the customer’s perception of the difference between
benefits of an offering and the costs. It can be measured like
this:
Value=Benefits-Costs
It is also the the measure of how much an offering is capable
of meeting a customer’s stated needs with features that
provide unique benefits. It can be measured like this:
Value=Needs+Benefits/Features
CRITICAL TO VALUE IS THE
NOTION OF FEATURES THAT
PROVIDE BENEFIT
• What features’ benefits
come from this offering?
• Is the provider uniquely
capable of delivering
those features’ benefits?
• Do the benefits match the
target audience’s needs?
• Value is created when
target audience needs are
met by (ideally) a unique
benefit.
• Why unique?
• Focused on the
customer and their
needs
• Gives customers a
specific reason to act
normally in a way that
is premised upon self-
interest
• Gives customers a
reason to choose an
offering over the
competition
• Customer is of primary
importance, not
features, price or
product
THE BEST MARKETING IS
BENEFIT DRIVEN
NEEDS ARE MET BY BENEFITS AND
FEATURES AND DIRECTED TO TARGET
AUDIENCES (NOT EVERYONE!)
NEED
• Utility/purpose
• Psychological/psy
chographic
• Social and/or
individual
FEATURE/BENEFIT
• Feature works in a
certain way
• Feature provokes
a specific feeling
• Feature provides
a shared good
instead of, or in
addition to. an
individual one
• What is the
need?
• Benefit?
• And to
whom is it a
benefit?
Why?
EXAMPLE 1
• Feature?
• Benefit?
• Target
audience?
EXAMPLE 2
• Feature
• Benefit
• Target
audience?
EXAMPLE 3
• Feature?
• Benefit?
• Target
audience?
EXAMPLE 4
• Feature?
• Benefit?
• Target
audience?
EXAMPLE 5
• Feature?
• Benefit?
• Target Audience?
• Effective?
EXAMPLE 6
• Feature?
• Benefit?
• Target
audience?
EXAMPLE 7
• Feature?
• Benefit?
• Target audience?
EXAMPLE 8
• Feature?
• Benefit?
• Target
audience?
EXAMPLE 9
• Feature?
• Benefit?
• Target
Audience?
EXAMPLE 10
• Feature?
• Benefit?
• Target
audience?
EXAMPLE 11
• Feature?
• Benefit?
• Target audience?
• Can every product,
concept or service
have value?
• What about when it
is unknown
(diffusion of
innovation model?)
EXAMPLE 12
• What are the benefits?
Take 15 minutes…
• Choose three brands
you
like/use/respect/admire
• Can you identify three
compelling benefits
that come from the
brands’
products/features that
shape your
perception?
• Think beyond features
or specific products to
benefits to you as a
consumer
BENEFITS ARE KEY!
HOW IS VALUE CONVEYED?
STRATEGICALLY?
• Positioning
• Value propositions/statements
VALUE
PROPOSITIONS/STATEMENTS/
POSITIONING
Steps:
1. Know the customer (NEEDS)
2. Know the product/service or idea
(FEATURES)
3. Why would the customer choose the
product/service or idea (BENEFITS)
4. Combine features and benefits with
needs in a concise, direct statement
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
• Pretty much the
same! Value is
derived from
benefits
• Positioning
becomes a little
more complex
since it can be
based upon
behavior,
barriers and
benefits
HOW DOES THIS LOOK IN
SOCIAL MARKETING
CONTEXT?
• Useful but limited to
increasing
awareness
• No inherent value
• Example: 311 for
carry-ons
BEHAVIOR FOCUSED
POSITIONING
• Helps overcome
fears or disinterest
or misperceptions
about time involved
but limited; Again,
no inherent value!
• Example: Recycling
as easy as 1,2, 3
BARRIERS FOCUSED
POSITIONING
• Strongest
• Value implied by
benefits (social
and/or individual)
• Basis for value
propositions
BENEFITS FOCUSED
POSITIONING
• Think of the
behavioral change
needs related to
ending childhood
obesity
• List three benefits of
ending childhood
obesity
• Thinking about those
benefits, craft a value
statement/positionin
g statement for
parents to change
their behaviors
CREATE ONE!
• Think about the negative
behaviors related to gun
violence (failure to lock
guns, using large ammo
clips, no background
checks at gun shows etc.)
• What are the benefits to
changing behaviors?
• Craft a value statement
related to reducing gun
violence
CREATE ANOTHER
• Behaviors
needed to
change texting
and driving?
• Benefits of that
change?
• Value statement
ONE MORE!

More Related Content

Viewers also liked

ADMA Video Testing and Measurement
ADMA Video Testing and MeasurementADMA Video Testing and Measurement
ADMA Video Testing and Measurement
Datalicious
 
BUS 301 Week 8
BUS 301 Week 8BUS 301 Week 8
BUS 301 Week 8
Michael Germano
 
Evaluation 1
Evaluation 1Evaluation 1
Evaluation 1
amytrickett06
 
Blog Task 2
Blog Task 2Blog Task 2
Blog Task 2
hurtwoodhousemedia5
 
How did you attract/adress your audience?
How did you attract/adress your audience?How did you attract/adress your audience?
How did you attract/adress your audience?
hurtwoodhousemedia5
 
Task 5
Task 5Task 5
Evaluation task 7
Evaluation task 7Evaluation task 7
Evaluation task 7
hurtwoodhousemedia5
 
The driver pp on attracting audience
The driver  pp on attracting audienceThe driver  pp on attracting audience
The driver pp on attracting audience
hurtwoodhousemedia5
 
SMX Landing Page Optimization
SMX Landing Page OptimizationSMX Landing Page Optimization
SMX Landing Page Optimization
Datalicious
 

Viewers also liked (9)

ADMA Video Testing and Measurement
ADMA Video Testing and MeasurementADMA Video Testing and Measurement
ADMA Video Testing and Measurement
 
BUS 301 Week 8
BUS 301 Week 8BUS 301 Week 8
BUS 301 Week 8
 
Evaluation 1
Evaluation 1Evaluation 1
Evaluation 1
 
Blog Task 2
Blog Task 2Blog Task 2
Blog Task 2
 
How did you attract/adress your audience?
How did you attract/adress your audience?How did you attract/adress your audience?
How did you attract/adress your audience?
 
Task 5
Task 5Task 5
Task 5
 
Evaluation task 7
Evaluation task 7Evaluation task 7
Evaluation task 7
 
The driver pp on attracting audience
The driver  pp on attracting audienceThe driver  pp on attracting audience
The driver pp on attracting audience
 
SMX Landing Page Optimization
SMX Landing Page OptimizationSMX Landing Page Optimization
SMX Landing Page Optimization
 

Similar to MKT 365 Week 6

MKT 365 Week 6
MKT 365 Week 6MKT 365 Week 6
MKT 365 Week 6
Michael Germano
 
Mkt365week4
Mkt365week4Mkt365week4
Mkt365week4
Michael Germano
 
Practitioners guide to_product_strategy
Practitioners guide to_product_strategyPractitioners guide to_product_strategy
Practitioners guide to_product_strategy
Pandith Jantakahalli
 
Product Management Guide - A Work In Progress
Product Management Guide - A Work In ProgressProduct Management Guide - A Work In Progress
Product Management Guide - A Work In Progress
Hussam Shams
 
The value proposition builder
The value proposition builderThe value proposition builder
The value proposition builder
Incubation & Industry
 
Bmgt 205 chapter_9
Bmgt 205 chapter_9Bmgt 205 chapter_9
Bmgt 205 chapter_9
Chris Lovett
 
7 Step Marketing Toolkit: East Midlands Members Day 19th March 2014
7 Step Marketing Toolkit: East Midlands Members Day 19th March 20147 Step Marketing Toolkit: East Midlands Members Day 19th March 2014
7 Step Marketing Toolkit: East Midlands Members Day 19th March 2014
University Library Services University of Sunderland
 
Mkt 365 week 8
Mkt 365 week 8Mkt 365 week 8
Mkt 365 week 8
Michael Germano
 
The value proposition builder workbook
The value proposition builder workbookThe value proposition builder workbook
The value proposition builder workbook
Incubation & Industry
 
Reyhoon New Way
Reyhoon New WayReyhoon New Way
Reyhoon New Way
Reyhoon
 
Reyhoon New Way
Reyhoon New WayReyhoon New Way
Reyhoon New Way
Reyhoon
 
What is positioning
What is positioningWhat is positioning
What is positioning
KeerthiR64
 
PrinciplesofMarketing_08_Positioning2.pptx
PrinciplesofMarketing_08_Positioning2.pptxPrinciplesofMarketing_08_Positioning2.pptx
PrinciplesofMarketing_08_Positioning2.pptx
zenofzeno
 
Subject Module - Elective CIAKL II - Class 07
Subject Module - Elective CIAKL II - Class 07Subject Module - Elective CIAKL II - Class 07
Subject Module - Elective CIAKL II - Class 07
CIAKL II - Cinema and industry alliance for knowledge and learning
 
Marketing Messaging 101
Marketing Messaging 101Marketing Messaging 101
Marketing Messaging 101
Ed Mazza
 
Marketing messaging 101
Marketing messaging 101Marketing messaging 101
Marketing messaging 101
Ed Mazza
 
GROUP-2-VALUE-PROPOSITION.pdf
GROUP-2-VALUE-PROPOSITION.pdfGROUP-2-VALUE-PROPOSITION.pdf
GROUP-2-VALUE-PROPOSITION.pdf
Ian Abarado
 
Marketing messaging 101
Marketing messaging 101Marketing messaging 101
Marketing messaging 101
Ed Mazza
 
Lecture 6.pptx
Lecture 6.pptxLecture 6.pptx
Lecture 6.pptx
MuhammadMurtazaAliza
 
AJU BROEKMAN Marketing Seminar Friday 11-21-14
AJU BROEKMAN Marketing Seminar Friday 11-21-14AJU BROEKMAN Marketing Seminar Friday 11-21-14
AJU BROEKMAN Marketing Seminar Friday 11-21-14
Broekman Communications
 

Similar to MKT 365 Week 6 (20)

MKT 365 Week 6
MKT 365 Week 6MKT 365 Week 6
MKT 365 Week 6
 
Mkt365week4
Mkt365week4Mkt365week4
Mkt365week4
 
Practitioners guide to_product_strategy
Practitioners guide to_product_strategyPractitioners guide to_product_strategy
Practitioners guide to_product_strategy
 
Product Management Guide - A Work In Progress
Product Management Guide - A Work In ProgressProduct Management Guide - A Work In Progress
Product Management Guide - A Work In Progress
 
The value proposition builder
The value proposition builderThe value proposition builder
The value proposition builder
 
Bmgt 205 chapter_9
Bmgt 205 chapter_9Bmgt 205 chapter_9
Bmgt 205 chapter_9
 
7 Step Marketing Toolkit: East Midlands Members Day 19th March 2014
7 Step Marketing Toolkit: East Midlands Members Day 19th March 20147 Step Marketing Toolkit: East Midlands Members Day 19th March 2014
7 Step Marketing Toolkit: East Midlands Members Day 19th March 2014
 
Mkt 365 week 8
Mkt 365 week 8Mkt 365 week 8
Mkt 365 week 8
 
The value proposition builder workbook
The value proposition builder workbookThe value proposition builder workbook
The value proposition builder workbook
 
Reyhoon New Way
Reyhoon New WayReyhoon New Way
Reyhoon New Way
 
Reyhoon New Way
Reyhoon New WayReyhoon New Way
Reyhoon New Way
 
What is positioning
What is positioningWhat is positioning
What is positioning
 
PrinciplesofMarketing_08_Positioning2.pptx
PrinciplesofMarketing_08_Positioning2.pptxPrinciplesofMarketing_08_Positioning2.pptx
PrinciplesofMarketing_08_Positioning2.pptx
 
Subject Module - Elective CIAKL II - Class 07
Subject Module - Elective CIAKL II - Class 07Subject Module - Elective CIAKL II - Class 07
Subject Module - Elective CIAKL II - Class 07
 
Marketing Messaging 101
Marketing Messaging 101Marketing Messaging 101
Marketing Messaging 101
 
Marketing messaging 101
Marketing messaging 101Marketing messaging 101
Marketing messaging 101
 
GROUP-2-VALUE-PROPOSITION.pdf
GROUP-2-VALUE-PROPOSITION.pdfGROUP-2-VALUE-PROPOSITION.pdf
GROUP-2-VALUE-PROPOSITION.pdf
 
Marketing messaging 101
Marketing messaging 101Marketing messaging 101
Marketing messaging 101
 
Lecture 6.pptx
Lecture 6.pptxLecture 6.pptx
Lecture 6.pptx
 
AJU BROEKMAN Marketing Seminar Friday 11-21-14
AJU BROEKMAN Marketing Seminar Friday 11-21-14AJU BROEKMAN Marketing Seminar Friday 11-21-14
AJU BROEKMAN Marketing Seminar Friday 11-21-14
 

More from Michael Germano

Student Survey
Student SurveyStudent Survey
Student Survey
Michael Germano
 
MKT 420 Search Engine Optimization Week 8
MKT 420 Search Engine Optimization Week 8MKT 420 Search Engine Optimization Week 8
MKT 420 Search Engine Optimization Week 8
Michael Germano
 
Mkt 420 Week 6
Mkt 420 Week 6Mkt 420 Week 6
Mkt 420 Week 6
Michael Germano
 
MKT 420 Search Engine Optimization Week 4
MKT 420 Search Engine Optimization Week 4MKT 420 Search Engine Optimization Week 4
MKT 420 Search Engine Optimization Week 4
Michael Germano
 
Mkt 420 Week 2
Mkt 420 Week 2Mkt 420 Week 2
Mkt 420 Week 2
Michael Germano
 
High Impact Strategies for Enhancing Student Engagement Online and Hybrid Ma...
High Impact Strategies for Enhancing Student Engagement Online and Hybrid  Ma...High Impact Strategies for Enhancing Student Engagement Online and Hybrid  Ma...
High Impact Strategies for Enhancing Student Engagement Online and Hybrid Ma...
Michael Germano
 
MKT 420 Week 1
MKT 420 Week 1MKT 420 Week 1
MKT 420 Week 1
Michael Germano
 
Active collaborative learning
Active collaborative learningActive collaborative learning
Active collaborative learning
Michael Germano
 
Mkt389week9
Mkt389week9Mkt389week9
Mkt389week9
Michael Germano
 
Silentclass
SilentclassSilentclass
Silentclass
Michael Germano
 
Mktedge creativity
Mktedge creativityMktedge creativity
Mktedge creativity
Michael Germano
 
Digitalmarketingsla2014
Digitalmarketingsla2014Digitalmarketingsla2014
Digitalmarketingsla2014
Michael Germano
 
Plss780 week 10
Plss780 week 10Plss780 week 10
Plss780 week 10
Michael Germano
 
Pls 780 week 9
Pls 780 week 9Pls 780 week 9
Pls 780 week 9
Michael Germano
 
PLS 780 Week 8
PLS 780 Week 8PLS 780 Week 8
PLS 780 Week 8
Michael Germano
 
Pls 780 week 8
Pls 780 week 8Pls 780 week 8
Pls 780 week 8
Michael Germano
 
Bus 305 week 8
Bus 305 week 8Bus 305 week 8
Bus 305 week 8
Michael Germano
 
Pls 780 week 7
Pls 780 week 7Pls 780 week 7
Pls 780 week 7
Michael Germano
 
Social Media for New Grads
Social Media for New GradsSocial Media for New Grads
Social Media for New Grads
Michael Germano
 
Pls 780 week_6
Pls 780 week_6Pls 780 week_6
Pls 780 week_6
Michael Germano
 

More from Michael Germano (20)

Student Survey
Student SurveyStudent Survey
Student Survey
 
MKT 420 Search Engine Optimization Week 8
MKT 420 Search Engine Optimization Week 8MKT 420 Search Engine Optimization Week 8
MKT 420 Search Engine Optimization Week 8
 
Mkt 420 Week 6
Mkt 420 Week 6Mkt 420 Week 6
Mkt 420 Week 6
 
MKT 420 Search Engine Optimization Week 4
MKT 420 Search Engine Optimization Week 4MKT 420 Search Engine Optimization Week 4
MKT 420 Search Engine Optimization Week 4
 
Mkt 420 Week 2
Mkt 420 Week 2Mkt 420 Week 2
Mkt 420 Week 2
 
High Impact Strategies for Enhancing Student Engagement Online and Hybrid Ma...
High Impact Strategies for Enhancing Student Engagement Online and Hybrid  Ma...High Impact Strategies for Enhancing Student Engagement Online and Hybrid  Ma...
High Impact Strategies for Enhancing Student Engagement Online and Hybrid Ma...
 
MKT 420 Week 1
MKT 420 Week 1MKT 420 Week 1
MKT 420 Week 1
 
Active collaborative learning
Active collaborative learningActive collaborative learning
Active collaborative learning
 
Mkt389week9
Mkt389week9Mkt389week9
Mkt389week9
 
Silentclass
SilentclassSilentclass
Silentclass
 
Mktedge creativity
Mktedge creativityMktedge creativity
Mktedge creativity
 
Digitalmarketingsla2014
Digitalmarketingsla2014Digitalmarketingsla2014
Digitalmarketingsla2014
 
Plss780 week 10
Plss780 week 10Plss780 week 10
Plss780 week 10
 
Pls 780 week 9
Pls 780 week 9Pls 780 week 9
Pls 780 week 9
 
PLS 780 Week 8
PLS 780 Week 8PLS 780 Week 8
PLS 780 Week 8
 
Pls 780 week 8
Pls 780 week 8Pls 780 week 8
Pls 780 week 8
 
Bus 305 week 8
Bus 305 week 8Bus 305 week 8
Bus 305 week 8
 
Pls 780 week 7
Pls 780 week 7Pls 780 week 7
Pls 780 week 7
 
Social Media for New Grads
Social Media for New GradsSocial Media for New Grads
Social Media for New Grads
 
Pls 780 week_6
Pls 780 week_6Pls 780 week_6
Pls 780 week_6
 

Recently uploaded

Creative Web Design Company in Singapore
Creative Web Design Company in SingaporeCreative Web Design Company in Singapore
Creative Web Design Company in Singapore
techboxsqauremedia
 
The Heart of Leadership_ How Emotional Intelligence Drives Business Success B...
The Heart of Leadership_ How Emotional Intelligence Drives Business Success B...The Heart of Leadership_ How Emotional Intelligence Drives Business Success B...
The Heart of Leadership_ How Emotional Intelligence Drives Business Success B...
Stephen Cashman
 
Creative Web Design Company in Singapore
Creative Web Design Company in SingaporeCreative Web Design Company in Singapore
Creative Web Design Company in Singapore
techboxsqauremedia
 
Observation Lab PowerPoint Assignment for TEM 431
Observation Lab PowerPoint Assignment for TEM 431Observation Lab PowerPoint Assignment for TEM 431
Observation Lab PowerPoint Assignment for TEM 431
ecamare2
 
Digital Marketing with a Focus on Sustainability
Digital Marketing with a Focus on SustainabilityDigital Marketing with a Focus on Sustainability
Digital Marketing with a Focus on Sustainability
sssourabhsharma
 
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...
Aleksey Savkin
 
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
bosssp10
 
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
SOFTTECHHUB
 
Top mailing list providers in the USA.pptx
Top mailing list providers in the USA.pptxTop mailing list providers in the USA.pptx
Top mailing list providers in the USA.pptx
JeremyPeirce1
 
-- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month ---- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month --
NZSG
 
How to Implement a Real Estate CRM Software
How to Implement a Real Estate CRM SoftwareHow to Implement a Real Estate CRM Software
How to Implement a Real Estate CRM Software
SalesTown
 
Lundin Gold Corporate Presentation - June 2024
Lundin Gold Corporate Presentation - June 2024Lundin Gold Corporate Presentation - June 2024
Lundin Gold Corporate Presentation - June 2024
Adnet Communications
 
Income Tax exemption for Start up : Section 80 IAC
Income Tax  exemption for Start up : Section 80 IACIncome Tax  exemption for Start up : Section 80 IAC
Income Tax exemption for Start up : Section 80 IAC
CA Dr. Prithvi Ranjan Parhi
 
3 Simple Steps To Buy Verified Payoneer Account In 2024
3 Simple Steps To Buy Verified Payoneer Account In 20243 Simple Steps To Buy Verified Payoneer Account In 2024
3 Simple Steps To Buy Verified Payoneer Account In 2024
SEOSMMEARTH
 
❼❷⓿❺❻❷❽❷❼❽ Dpboss Matka Result Satta Matka Guessing Satta Fix jodi Kalyan Fin...
❼❷⓿❺❻❷❽❷❼❽ Dpboss Matka Result Satta Matka Guessing Satta Fix jodi Kalyan Fin...❼❷⓿❺❻❷❽❷❼❽ Dpboss Matka Result Satta Matka Guessing Satta Fix jodi Kalyan Fin...
❼❷⓿❺❻❷❽❷❼❽ Dpboss Matka Result Satta Matka Guessing Satta Fix jodi Kalyan Fin...
❼❷⓿❺❻❷❽❷❼❽ Dpboss Kalyan Satta Matka Guessing Matka Result Main Bazar chart
 
Building Your Employer Brand with Social Media
Building Your Employer Brand with Social MediaBuilding Your Employer Brand with Social Media
Building Your Employer Brand with Social Media
LuanWise
 
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdf
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfThe 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdf
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdf
thesiliconleaders
 
Understanding User Needs and Satisfying Them
Understanding User Needs and Satisfying ThemUnderstanding User Needs and Satisfying Them
Understanding User Needs and Satisfying Them
Aggregage
 
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...
Neil Horowitz
 
Best Forex Brokers Comparison in INDIA 2024
Best Forex Brokers Comparison in INDIA 2024Best Forex Brokers Comparison in INDIA 2024
Best Forex Brokers Comparison in INDIA 2024
Top Forex Brokers Review
 

Recently uploaded (20)

Creative Web Design Company in Singapore
Creative Web Design Company in SingaporeCreative Web Design Company in Singapore
Creative Web Design Company in Singapore
 
The Heart of Leadership_ How Emotional Intelligence Drives Business Success B...
The Heart of Leadership_ How Emotional Intelligence Drives Business Success B...The Heart of Leadership_ How Emotional Intelligence Drives Business Success B...
The Heart of Leadership_ How Emotional Intelligence Drives Business Success B...
 
Creative Web Design Company in Singapore
Creative Web Design Company in SingaporeCreative Web Design Company in Singapore
Creative Web Design Company in Singapore
 
Observation Lab PowerPoint Assignment for TEM 431
Observation Lab PowerPoint Assignment for TEM 431Observation Lab PowerPoint Assignment for TEM 431
Observation Lab PowerPoint Assignment for TEM 431
 
Digital Marketing with a Focus on Sustainability
Digital Marketing with a Focus on SustainabilityDigital Marketing with a Focus on Sustainability
Digital Marketing with a Focus on Sustainability
 
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...
 
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
 
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
 
Top mailing list providers in the USA.pptx
Top mailing list providers in the USA.pptxTop mailing list providers in the USA.pptx
Top mailing list providers in the USA.pptx
 
-- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month ---- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month --
 
How to Implement a Real Estate CRM Software
How to Implement a Real Estate CRM SoftwareHow to Implement a Real Estate CRM Software
How to Implement a Real Estate CRM Software
 
Lundin Gold Corporate Presentation - June 2024
Lundin Gold Corporate Presentation - June 2024Lundin Gold Corporate Presentation - June 2024
Lundin Gold Corporate Presentation - June 2024
 
Income Tax exemption for Start up : Section 80 IAC
Income Tax  exemption for Start up : Section 80 IACIncome Tax  exemption for Start up : Section 80 IAC
Income Tax exemption for Start up : Section 80 IAC
 
3 Simple Steps To Buy Verified Payoneer Account In 2024
3 Simple Steps To Buy Verified Payoneer Account In 20243 Simple Steps To Buy Verified Payoneer Account In 2024
3 Simple Steps To Buy Verified Payoneer Account In 2024
 
❼❷⓿❺❻❷❽❷❼❽ Dpboss Matka Result Satta Matka Guessing Satta Fix jodi Kalyan Fin...
❼❷⓿❺❻❷❽❷❼❽ Dpboss Matka Result Satta Matka Guessing Satta Fix jodi Kalyan Fin...❼❷⓿❺❻❷❽❷❼❽ Dpboss Matka Result Satta Matka Guessing Satta Fix jodi Kalyan Fin...
❼❷⓿❺❻❷❽❷❼❽ Dpboss Matka Result Satta Matka Guessing Satta Fix jodi Kalyan Fin...
 
Building Your Employer Brand with Social Media
Building Your Employer Brand with Social MediaBuilding Your Employer Brand with Social Media
Building Your Employer Brand with Social Media
 
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdf
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfThe 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdf
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdf
 
Understanding User Needs and Satisfying Them
Understanding User Needs and Satisfying ThemUnderstanding User Needs and Satisfying Them
Understanding User Needs and Satisfying Them
 
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...
 
Best Forex Brokers Comparison in INDIA 2024
Best Forex Brokers Comparison in INDIA 2024Best Forex Brokers Comparison in INDIA 2024
Best Forex Brokers Comparison in INDIA 2024
 

MKT 365 Week 6

  • 2. TOPICS • Positioning statements for value • Developing the community based social marketing ‘product’
  • 3. 10 STEPS 1. Conceptualize 2. Situational Analysis 3. Target Audience 4. Behavioral objectives and goals 5. Barriers, Benefits and Competition 6. Positioning Statement 7. Marketing Mix (4 p’s) 8. Monitoring and Evaluating 9. Budget 10.Implementation
  • 4. STEP 6: POSITIONING • Positioning is all about making the targeted behavior appear attractive or better than the alternative/competition • Best way: Value-centered • What is value?
  • 5. • What is value generally: How do most people define/perceive value? • How do marketing professionals define/perceive value? • Take 10 minutes with your group to come up with a definition of value. Write it on the blackboard. DEFINE VALUE
  • 6. VALUE Value is the customer’s perception of the difference between benefits of an offering and the costs. It can be measured like this: Value=Benefits-Costs It is also the the measure of how much an offering is capable of meeting a customer’s stated needs with features that provide unique benefits. It can be measured like this: Value=Needs+Benefits/Features
  • 7. CRITICAL TO VALUE IS THE NOTION OF FEATURES THAT PROVIDE BENEFIT • What features’ benefits come from this offering? • Is the provider uniquely capable of delivering those features’ benefits? • Do the benefits match the target audience’s needs? • Value is created when target audience needs are met by (ideally) a unique benefit. • Why unique?
  • 8. • Focused on the customer and their needs • Gives customers a specific reason to act normally in a way that is premised upon self- interest • Gives customers a reason to choose an offering over the competition • Customer is of primary importance, not features, price or product THE BEST MARKETING IS BENEFIT DRIVEN
  • 9. NEEDS ARE MET BY BENEFITS AND FEATURES AND DIRECTED TO TARGET AUDIENCES (NOT EVERYONE!) NEED • Utility/purpose • Psychological/psy chographic • Social and/or individual FEATURE/BENEFIT • Feature works in a certain way • Feature provokes a specific feeling • Feature provides a shared good instead of, or in addition to. an individual one
  • 10. • What is the need? • Benefit? • And to whom is it a benefit? Why? EXAMPLE 1
  • 11. • Feature? • Benefit? • Target audience? EXAMPLE 2
  • 12. • Feature • Benefit • Target audience? EXAMPLE 3
  • 13. • Feature? • Benefit? • Target audience? EXAMPLE 4
  • 14. • Feature? • Benefit? • Target audience? EXAMPLE 5
  • 15. • Feature? • Benefit? • Target Audience? • Effective? EXAMPLE 6
  • 16. • Feature? • Benefit? • Target audience? EXAMPLE 7
  • 17. • Feature? • Benefit? • Target audience? EXAMPLE 8
  • 18. • Feature? • Benefit? • Target audience? EXAMPLE 9
  • 19. • Feature? • Benefit? • Target Audience? EXAMPLE 10
  • 20. • Feature? • Benefit? • Target audience? EXAMPLE 11
  • 21. • Feature? • Benefit? • Target audience? • Can every product, concept or service have value? • What about when it is unknown (diffusion of innovation model?) EXAMPLE 12
  • 22. • What are the benefits? Take 15 minutes… • Choose three brands you like/use/respect/admire • Can you identify three compelling benefits that come from the brands’ products/features that shape your perception? • Think beyond features or specific products to benefits to you as a consumer BENEFITS ARE KEY!
  • 23. HOW IS VALUE CONVEYED? STRATEGICALLY? • Positioning • Value propositions/statements
  • 24. VALUE PROPOSITIONS/STATEMENTS/ POSITIONING Steps: 1. Know the customer (NEEDS) 2. Know the product/service or idea (FEATURES) 3. Why would the customer choose the product/service or idea (BENEFITS) 4. Combine features and benefits with needs in a concise, direct statement
  • 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. • Pretty much the same! Value is derived from benefits • Positioning becomes a little more complex since it can be based upon behavior, barriers and benefits HOW DOES THIS LOOK IN SOCIAL MARKETING CONTEXT?
  • 27. • Useful but limited to increasing awareness • No inherent value • Example: 311 for carry-ons BEHAVIOR FOCUSED POSITIONING
  • 28. • Helps overcome fears or disinterest or misperceptions about time involved but limited; Again, no inherent value! • Example: Recycling as easy as 1,2, 3 BARRIERS FOCUSED POSITIONING
  • 29. • Strongest • Value implied by benefits (social and/or individual) • Basis for value propositions BENEFITS FOCUSED POSITIONING
  • 30. • Think of the behavioral change needs related to ending childhood obesity • List three benefits of ending childhood obesity • Thinking about those benefits, craft a value statement/positionin g statement for parents to change their behaviors CREATE ONE!
  • 31. • Think about the negative behaviors related to gun violence (failure to lock guns, using large ammo clips, no background checks at gun shows etc.) • What are the benefits to changing behaviors? • Craft a value statement related to reducing gun violence CREATE ANOTHER
  • 32. • Behaviors needed to change texting and driving? • Benefits of that change? • Value statement ONE MORE!