http://www.saharconsulting.com
What is #Marketing, Marketing Mix, and why care about it?
How to select customers to serve? What is #Branding & Positioning strategies? SWOT Analysis
What is your Vision/ Mission? Who is your audience? What is your Value Proposition - #USP? Elevator Pitch?
This document provides an overview of marketing strategies and tactics for small businesses. It defines marketing as everything done to promote a product or service to potential customers. It emphasizes understanding customers, conducting market research, developing a marketing plan including goals, strategies and tactics. The document discusses branding, positioning, and the marketing communications mix of advertising, sales promotion, public relations and direct marketing. It stresses measuring the results of marketing efforts and provides additional resources for small businesses.
This document provides an overview of marketing concepts and strategies for small businesses. It discusses defining target markets, conducting market research, establishing brand pillars and values, crafting a mission statement, analyzing competitive advantages, and more. The goal is to help small businesses understand marketing and how to apply key principles to achieve their business objectives over the short and long term.
The document summarizes the 7 P's of marketing - product, price, promotion, place, physical evidence, process, and people. It provides examples for each P in the context of an education sector coaching class. Product refers to asking if current offerings meet customer needs. Price discusses lowering prices and bundling products. Promotion means communicating with customers through various advertising. Place is where products are sold. Physical evidence includes offices and branches. Process outlines coaching class activities. People was not defined in the document.
The document discusses keys to effective sales dialogue including planning, encouraging buyer feedback through check-backs, focusing on creating value, and engaging the buyer. It covers using questions to understand buyer needs and identify benefits, presenting benefits in an interesting way using examples and media, and supporting claims with proof like statistics and testimonials. Guidelines are provided for group sales dialogues including arrival tactics, eye contact, and communication tips.
This document discusses relationship marketing. Relationship marketing aims to establish long-term relationships with customers and other stakeholders through frequent, cooperative interactions. It emphasizes customer retention over new customer acquisition. The benefits of relationship marketing include increased customer loyalty and referrals, as well as customers who purchase more products and are less price sensitive. The document provides examples of relationship marketing best practices and techniques used by a successful financial services company, such as personalized customer service, communications, and appreciation events to build commitment and trust.
The document discusses product marketing, which is the process of promoting and selling a product to a specific target market. It involves researching, developing, and communicating the value of a product to potential customers with the goal of increasing demand and driving sales. Key aspects of product marketing discussed include conducting market research, identifying target audiences, developing a unique selling proposition, creating a marketing mix, developing a marketing budget, and working with sales teams.
This document provides an overview of marketing strategies and tactics for small businesses. It defines marketing as everything done to promote a product or service to potential customers. It emphasizes understanding customers, conducting market research, developing a marketing plan including goals, strategies and tactics. The document discusses branding, positioning, and the marketing communications mix of advertising, sales promotion, public relations and direct marketing. It stresses measuring the results of marketing efforts and provides additional resources for small businesses.
This document provides an overview of marketing concepts and strategies for small businesses. It discusses defining target markets, conducting market research, establishing brand pillars and values, crafting a mission statement, analyzing competitive advantages, and more. The goal is to help small businesses understand marketing and how to apply key principles to achieve their business objectives over the short and long term.
The document summarizes the 7 P's of marketing - product, price, promotion, place, physical evidence, process, and people. It provides examples for each P in the context of an education sector coaching class. Product refers to asking if current offerings meet customer needs. Price discusses lowering prices and bundling products. Promotion means communicating with customers through various advertising. Place is where products are sold. Physical evidence includes offices and branches. Process outlines coaching class activities. People was not defined in the document.
The document discusses keys to effective sales dialogue including planning, encouraging buyer feedback through check-backs, focusing on creating value, and engaging the buyer. It covers using questions to understand buyer needs and identify benefits, presenting benefits in an interesting way using examples and media, and supporting claims with proof like statistics and testimonials. Guidelines are provided for group sales dialogues including arrival tactics, eye contact, and communication tips.
This document discusses relationship marketing. Relationship marketing aims to establish long-term relationships with customers and other stakeholders through frequent, cooperative interactions. It emphasizes customer retention over new customer acquisition. The benefits of relationship marketing include increased customer loyalty and referrals, as well as customers who purchase more products and are less price sensitive. The document provides examples of relationship marketing best practices and techniques used by a successful financial services company, such as personalized customer service, communications, and appreciation events to build commitment and trust.
The document discusses product marketing, which is the process of promoting and selling a product to a specific target market. It involves researching, developing, and communicating the value of a product to potential customers with the goal of increasing demand and driving sales. Key aspects of product marketing discussed include conducting market research, identifying target audiences, developing a unique selling proposition, creating a marketing mix, developing a marketing budget, and working with sales teams.
This document discusses market segmentation. It begins by defining market segmentation as dividing a potential market into distinct subgroups with common needs and characteristics. It then outlines various approaches to segmentation including mass marketing, product variety, target marketing, micromarketing, customized marketing, and personalized marketing.
The document also discusses different bases for segmentation such as geographic, demographic, psychographic, and behavioral segmentation. It provides examples of how companies segment based on these criteria. Finally, it covers procedures for segmentation, selecting market segments, segmentation strategies, and benefits and limitations of segmentation.
This document discusses relationship marketing. It defines relationship marketing as building long-term relationships with key parties like customers and suppliers to earn and retain business. Relationship marketing focuses on interactions within networks and developing strong economic, technical and social ties. It differs from transactional marketing which focuses on one-time sales. Relationship marketing emphasizes customer lifetime value and loyalty through satisfaction. It involves different levels from basic to partnership marketing. Relationship marketing is important because it is more profitable to retain existing customers than attract new ones.
1. Personal selling involves face-to-face communication between a salesperson and customer to promote and sell products. Advertising pays for messages to inform or influence people through various media like TV, print, radio, and online. Sales promotion introduces new products or increases temporary sales through consumer incentives or sales to distributors.
2. The document discusses personal selling in detail, including its importance and limitations. Personal selling involves oral communication to convince buyers and provide information to increase sales. Its limitations include higher costs and lack of efficient salespeople.
3. Theories of personal selling are explained, including AIDAS to attract attention, sustain interest, create desire and induce action. The buying formula theory emphasizes understanding buyer needs
The document discusses the marketing planning process at different levels of an organization. It describes the steps in planning including analyzing opportunities, developing strategies, and allocating funds. Planning occurs at the corporate, division, business unit, and product levels. The key aspects of planning at each level are defined, such as establishing strategic business units and assessing growth opportunities at the corporate level. Product planning develops individual marketing plans within the overarching plans of higher levels.
Attitudes stem out of personalities of individuals and are the result of the choices they make. It is important for employees, particularly sales people, to have a positive mental attitude.
The document discusses marketing concepts and the marketing mix. It defines marketing concepts as the philosophies adopted by companies to market their products. It then outlines traditional concepts like the exchange concept versus modern concepts like the marketing concept. The marketing mix is introduced as the combination of product, price, place, and promotion strategies used to satisfy the target market. The roles of each element are defined, along with other factors like packaging, people, and politics. The document provides details on how the marketing mix elements can be blended to meet customer needs.
The document discusses various topics related to products and services, including:
- Definitions of products, goods, services and experiences. Products satisfy needs and wants.
- Classification of consumer and industrial products. Consumer products are for personal use and classified by purchase patterns. Industrial products are for business use.
- Levels of products including core benefits, actual products, and augmented products.
- Product mix dimensions of width, length, depth and consistency.
- Types of product decisions around product lines, branding, packaging and labeling. Strong brands create loyalty and value. Packaging and labels identify and promote products.
- Nature of services being intangible, inseparable from the provider, and
A niche market targets a small, specific segment of the population with products or services tailored to their unique needs. This focused approach allows companies to gain brand loyalty and win more business through increased customer satisfaction while facing less competition than in mass markets. However, niche markets also carry higher risks and costs due to their limited growth potential and profitability.
Integrated marketing communication (IMC) involves coordinating different communication channels like advertising, sales promotion, public relations, direct marketing, and social media to deliver a unified message to customers. The goal of IMC is to create a seamless brand experience and maximize the effectiveness of each marketing channel. IMC considers how all aspects of the marketing mix can work together harmoniously to effectively promote products and services to end-users.
Entrepreneurial marketing focuses on developing relationships with customers, innovating new product concepts, and leveraging limited resources. It involves taking a proactive, opportunity-driven, and customer-focused approach while tolerating some risk. Various entrepreneurial marketing strategies are discussed, including relationship marketing, viral marketing, digital marketing, and buzz marketing. Pricing strategies like skimming, penetration pricing, and assessing price sensitivity are also covered.
Creating customer value is the driving force behind a company's goals, and identifying the appropriate customer value measure is not an easy task. Adding services, relationships, and experiences differentiates company offerings in the market. No real customer value exists without a close relationship with customers to understand their needs and provide sophisticated customer interactions.
This document provides information about marketing. It defines marketing as identifying, satisfying, and retaining customers profitably. It discusses the marketing mix, also known as the 4Ps - product, price, place, promotion. It expands on this to the 7Ps by including people, processes, and physical evidence. Different types of marketing are described such as mass marketing, direct marketing, and internet marketing. Price is discussed as an important element of the marketing mix that generates revenue. Different pricing strategies like price skimming, penetration pricing, and psychological pricing are also summarized.
The document outlines the marketing planning process including performing a situation analysis, setting objectives, deciding on strategies, and scheduling implementation actions. It discusses elements like SWOT analysis, assumptions, objectives, strategies, budgets. The marketing plan is meant to help identify competitive advantages, ensure consistency, inform the organization, and set goals to gain commitment.
The document discusses sales funnels and the customer journey. It begins by defining a sales funnel as a step-by-step process used to analyze a customer's shopping journey and bring them closer to an offer through strategic sales and marketing tactics. It then discusses why sales funnels are important for acquiring customers profitably, consistent revenue, and improving business processes. The document outlines the typical stages in a sales funnel - awareness, interest, decision, action - and provides examples of tactics used at each stage. It concludes by discussing the seven steps in a typical sales process - prospecting, preparation, approach, presentation, handling objections, closing, and follow-up.
Module 4 identifying market segments and selecting targeting marketsJeVaughn Ferguson
1. The document discusses customer-driven marketing strategies, including market segmentation, targeting, differentiation, and positioning.
2. Market segmentation involves dividing large, heterogeneous markets into smaller segments based on geographic, demographic, psychographic, and behavioral factors.
3. Targeting involves evaluating market segments and choosing specific segments to target based on size, attractiveness, and fit with company objectives.
4. Differentiation and positioning involve identifying competitive advantages to build a unique position for the product or service in customers' minds relative to competitors.
This document provides an introduction to entrepreneurship and entrepreneurial marketing. It defines an entrepreneur as someone who introduces new opportunities in the economy through innovation. Entrepreneurial marketing differs from traditional marketing in that it is more innovation-driven and uses informal networking rather than formal research. The key dimensions of entrepreneurial orientation are innovativeness, proactiveness, risk-taking, competitiveness, and autonomy. Entrepreneurial marketing focuses on leveraging resources, intense customer relationships, and value creation while facing challenges such as lack of market knowledge, resources, and infrastructure.
Marketing involves creating and exchanging products of value to satisfy needs and wants. It uses a marketing mix of 4Ps - product, price, place, and promotion. The 4Ps include aspects like a product's quality, price lists and discounts, distribution channels and locations, and promotional activities like advertising.
The document discusses key concepts in marketing including:
1. Marketing is managing profitable customer relationships by attracting new customers, retaining current customers, and growing current customers. It is not the same as sales or advertising.
2. The marketing process involves understanding customer needs, designing a customer-driven strategy, capturing value from customers to create profits, and constructing a marketing program to deliver superior value.
3. Key concepts in understanding customers include needs, wants, demands, marketing offers, customer value, satisfaction, and markets. Marketing aims to satisfy customer needs through value and exchange.
This document provides definitions and explanations of key marketing concepts including the marketing mix (7Ps), types of marketing, and marketing definitions. It discusses the marketing mix elements of product, price, place, promotion, people, process, and physical evidence. It provides details on different pricing strategies, types of marketing like mass, direct, and internet marketing. Overall, the document serves as a comprehensive overview of fundamental marketing principles.
The document discusses key concepts in marketing including definitions of marketing provided by William Stanton and Philip Kotler. It outlines the 4 Ps of marketing as product, price, place, and promotion. It also discusses the evolution of marketing approaches from production to marketing oriented. Additional topics covered include the marketing mix elements, segmentation, factors considered in pricing and distribution, and the importance of satisfying customer needs.
This document discusses market segmentation. It begins by defining market segmentation as dividing a potential market into distinct subgroups with common needs and characteristics. It then outlines various approaches to segmentation including mass marketing, product variety, target marketing, micromarketing, customized marketing, and personalized marketing.
The document also discusses different bases for segmentation such as geographic, demographic, psychographic, and behavioral segmentation. It provides examples of how companies segment based on these criteria. Finally, it covers procedures for segmentation, selecting market segments, segmentation strategies, and benefits and limitations of segmentation.
This document discusses relationship marketing. It defines relationship marketing as building long-term relationships with key parties like customers and suppliers to earn and retain business. Relationship marketing focuses on interactions within networks and developing strong economic, technical and social ties. It differs from transactional marketing which focuses on one-time sales. Relationship marketing emphasizes customer lifetime value and loyalty through satisfaction. It involves different levels from basic to partnership marketing. Relationship marketing is important because it is more profitable to retain existing customers than attract new ones.
1. Personal selling involves face-to-face communication between a salesperson and customer to promote and sell products. Advertising pays for messages to inform or influence people through various media like TV, print, radio, and online. Sales promotion introduces new products or increases temporary sales through consumer incentives or sales to distributors.
2. The document discusses personal selling in detail, including its importance and limitations. Personal selling involves oral communication to convince buyers and provide information to increase sales. Its limitations include higher costs and lack of efficient salespeople.
3. Theories of personal selling are explained, including AIDAS to attract attention, sustain interest, create desire and induce action. The buying formula theory emphasizes understanding buyer needs
The document discusses the marketing planning process at different levels of an organization. It describes the steps in planning including analyzing opportunities, developing strategies, and allocating funds. Planning occurs at the corporate, division, business unit, and product levels. The key aspects of planning at each level are defined, such as establishing strategic business units and assessing growth opportunities at the corporate level. Product planning develops individual marketing plans within the overarching plans of higher levels.
Attitudes stem out of personalities of individuals and are the result of the choices they make. It is important for employees, particularly sales people, to have a positive mental attitude.
The document discusses marketing concepts and the marketing mix. It defines marketing concepts as the philosophies adopted by companies to market their products. It then outlines traditional concepts like the exchange concept versus modern concepts like the marketing concept. The marketing mix is introduced as the combination of product, price, place, and promotion strategies used to satisfy the target market. The roles of each element are defined, along with other factors like packaging, people, and politics. The document provides details on how the marketing mix elements can be blended to meet customer needs.
The document discusses various topics related to products and services, including:
- Definitions of products, goods, services and experiences. Products satisfy needs and wants.
- Classification of consumer and industrial products. Consumer products are for personal use and classified by purchase patterns. Industrial products are for business use.
- Levels of products including core benefits, actual products, and augmented products.
- Product mix dimensions of width, length, depth and consistency.
- Types of product decisions around product lines, branding, packaging and labeling. Strong brands create loyalty and value. Packaging and labels identify and promote products.
- Nature of services being intangible, inseparable from the provider, and
A niche market targets a small, specific segment of the population with products or services tailored to their unique needs. This focused approach allows companies to gain brand loyalty and win more business through increased customer satisfaction while facing less competition than in mass markets. However, niche markets also carry higher risks and costs due to their limited growth potential and profitability.
Integrated marketing communication (IMC) involves coordinating different communication channels like advertising, sales promotion, public relations, direct marketing, and social media to deliver a unified message to customers. The goal of IMC is to create a seamless brand experience and maximize the effectiveness of each marketing channel. IMC considers how all aspects of the marketing mix can work together harmoniously to effectively promote products and services to end-users.
Entrepreneurial marketing focuses on developing relationships with customers, innovating new product concepts, and leveraging limited resources. It involves taking a proactive, opportunity-driven, and customer-focused approach while tolerating some risk. Various entrepreneurial marketing strategies are discussed, including relationship marketing, viral marketing, digital marketing, and buzz marketing. Pricing strategies like skimming, penetration pricing, and assessing price sensitivity are also covered.
Creating customer value is the driving force behind a company's goals, and identifying the appropriate customer value measure is not an easy task. Adding services, relationships, and experiences differentiates company offerings in the market. No real customer value exists without a close relationship with customers to understand their needs and provide sophisticated customer interactions.
This document provides information about marketing. It defines marketing as identifying, satisfying, and retaining customers profitably. It discusses the marketing mix, also known as the 4Ps - product, price, place, promotion. It expands on this to the 7Ps by including people, processes, and physical evidence. Different types of marketing are described such as mass marketing, direct marketing, and internet marketing. Price is discussed as an important element of the marketing mix that generates revenue. Different pricing strategies like price skimming, penetration pricing, and psychological pricing are also summarized.
The document outlines the marketing planning process including performing a situation analysis, setting objectives, deciding on strategies, and scheduling implementation actions. It discusses elements like SWOT analysis, assumptions, objectives, strategies, budgets. The marketing plan is meant to help identify competitive advantages, ensure consistency, inform the organization, and set goals to gain commitment.
The document discusses sales funnels and the customer journey. It begins by defining a sales funnel as a step-by-step process used to analyze a customer's shopping journey and bring them closer to an offer through strategic sales and marketing tactics. It then discusses why sales funnels are important for acquiring customers profitably, consistent revenue, and improving business processes. The document outlines the typical stages in a sales funnel - awareness, interest, decision, action - and provides examples of tactics used at each stage. It concludes by discussing the seven steps in a typical sales process - prospecting, preparation, approach, presentation, handling objections, closing, and follow-up.
Module 4 identifying market segments and selecting targeting marketsJeVaughn Ferguson
1. The document discusses customer-driven marketing strategies, including market segmentation, targeting, differentiation, and positioning.
2. Market segmentation involves dividing large, heterogeneous markets into smaller segments based on geographic, demographic, psychographic, and behavioral factors.
3. Targeting involves evaluating market segments and choosing specific segments to target based on size, attractiveness, and fit with company objectives.
4. Differentiation and positioning involve identifying competitive advantages to build a unique position for the product or service in customers' minds relative to competitors.
This document provides an introduction to entrepreneurship and entrepreneurial marketing. It defines an entrepreneur as someone who introduces new opportunities in the economy through innovation. Entrepreneurial marketing differs from traditional marketing in that it is more innovation-driven and uses informal networking rather than formal research. The key dimensions of entrepreneurial orientation are innovativeness, proactiveness, risk-taking, competitiveness, and autonomy. Entrepreneurial marketing focuses on leveraging resources, intense customer relationships, and value creation while facing challenges such as lack of market knowledge, resources, and infrastructure.
Marketing involves creating and exchanging products of value to satisfy needs and wants. It uses a marketing mix of 4Ps - product, price, place, and promotion. The 4Ps include aspects like a product's quality, price lists and discounts, distribution channels and locations, and promotional activities like advertising.
The document discusses key concepts in marketing including:
1. Marketing is managing profitable customer relationships by attracting new customers, retaining current customers, and growing current customers. It is not the same as sales or advertising.
2. The marketing process involves understanding customer needs, designing a customer-driven strategy, capturing value from customers to create profits, and constructing a marketing program to deliver superior value.
3. Key concepts in understanding customers include needs, wants, demands, marketing offers, customer value, satisfaction, and markets. Marketing aims to satisfy customer needs through value and exchange.
This document provides definitions and explanations of key marketing concepts including the marketing mix (7Ps), types of marketing, and marketing definitions. It discusses the marketing mix elements of product, price, place, promotion, people, process, and physical evidence. It provides details on different pricing strategies, types of marketing like mass, direct, and internet marketing. Overall, the document serves as a comprehensive overview of fundamental marketing principles.
The document discusses key concepts in marketing including definitions of marketing provided by William Stanton and Philip Kotler. It outlines the 4 Ps of marketing as product, price, place, and promotion. It also discusses the evolution of marketing approaches from production to marketing oriented. Additional topics covered include the marketing mix elements, segmentation, factors considered in pricing and distribution, and the importance of satisfying customer needs.
The document summarizes NC recycling campaigns and use of social marketing/social media. It provides details on surveys conducted from 2007-2009 on recycling attitudes in NC. It also discusses key principles of social marketing like developing strategies, pilots, and evaluations. Brand recognition, prompts, norms, incentives, and communicating messages effectively are highlighted. Case studies show social media may change behaviors by increasing material collected for recycling in various NC counties and organizations. Contact information is provided.
Social marketing presentation november 2016Jim Mintz
This document provides an introduction and overview of social marketing planning for behavior change. It discusses key concepts in social marketing including the benefits of adopting a social marketing approach, challenges, and how meaningful impact takes time. It outlines the key components of a social marketing plan including conducting a situation analysis through environmental scans, SWOT analysis, market segmentation, identifying target audiences and influencers. It also discusses setting objectives using the SMART framework, conducting social marketing research, branding, positioning using the 4 P's of marketing framework covering product, price, place and promotion. The document emphasizes that social marketing requires a strategic long-term approach to effectively change behaviors.
Introduction to marketing and marketing conceptsRishabh Maity
1) Marketing involves the exchange of goods between buyers and sellers to mutual benefit. It is a social and managerial process through which individuals and groups obtain what they need and want by creating and exchanging products of value.
2) Selling focuses on pushing existing products to customers through promotional efforts, while marketing takes a customer-oriented approach by understanding customer needs and pulling customers towards products designed to satisfy them.
3) The marketing concept proposes satisfying customer needs through coordinated efforts across an organization to create, deliver, and communicate superior value.
Marketing involves identifying and meeting human needs through exchange between buyers and sellers. There are three key elements in the marketing process: marketers, products being marketed, and target markets. The goal of marketing is to establish long-term, profitable relationships with customers by delivering superior value compared to competitors. This is achieved through understanding customer needs and wants, creating appropriate products and services, and engaging in effective exchanges to satisfy customers.
The document discusses marketing definitions from various organizations and the importance and concepts of marketing. It provides 3 definitions of marketing: 1) activities involved in creating time, place and possession utilities (American Marketing Association); 2) planning and executing the conception, pricing, promotion and distribution of ideas, goods and services to create exchanges (American Marketing Association); 3) identifying, anticipating and satisfying customer requirements profitably (Chartered Institute of Marketing). It also discusses the marketing concept and different marketing management tasks including conversional, stimulational, developmental, remarketing, synchro, maintenance, demarketing, and counter marketing.
The document discusses the concept of a unique selling proposition (USP), which is a distinctive quality or feature that differentiates a product or service from its competitors. It provides several key points about USPs:
1) A USP should offer a unique benefit to customers that competitors cannot or do not offer in order to persuade customers to purchase the product or service.
2) Identifying an effective USP involves understanding customer needs and motivations, and pinpointing what quality or attribute of a product best satisfies those needs in a uniquely differentiated way.
3) Developing a strong USP should be based on analyzing competitors, understanding what customers truly value, and communicating a specific customer benefit that will motivate purchases.
This presentation will help you understand how to:
Develop short- mid- and long-term business, sales and marketing goals and related objectives
Prepare your corporate Mission and Vision statement
Understand brand positioning and its importance
Recognize ideal target clients
Determine competitive factors that affect your market position
Define the elements that will shape your marketing budget
The document provides information on marketing concepts and strategies. It begins by outlining questions to consider regarding customers, needs, and competitive advantages. It then defines marketing as "the delivery of customer satisfaction at a profit" and the role of marketing management. Key concepts discussed include the marketing mix (product, price, place, promotion), market segmentation, targeting, positioning, brand image, loyalty, differentiation, and setting pricing policies. SWOT analysis and Maslow's hierarchy of needs are also referenced.
1) The document outlines the key aspects of developing a marketing plan, including defining the target market through market research, understanding the product and competition, establishing goals and strategies, and monitoring results.
2) It discusses developing a unique selling proposition and promotional strategy to position the product and communicate the key benefits to the target audience.
3) The overall objectives of the marketing plan and copywriting are to motivate and inspire the target market while overcoming resistance and creating value.
1) The document outlines the key aspects of developing a marketing plan, including defining the target market through market research, understanding the product and competition, establishing goals and strategies, and monitoring results.
2) It discusses developing a unique selling proposition and promotional strategy to position the product and communicate the key benefits to the target market.
3) The overall objectives of the marketing plan and copywriting are to motivate and inspire the target audience while overcoming resistance and creating value.
The document discusses marketing and provides definitions, concepts, and career opportunities. It defines marketing as the process of planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services to create exchanges that satisfy individual and organizational goals. The document outlines marketing philosophies like production, sales, and societal orientation. It discusses key marketing concepts such as the 4Ps of marketing, customer value, customer satisfaction, and branding. It also explores criticisms of marketing and provides examples of marketing functions and career paths in fields like brand management, sales, advertising, and retail.
The document provides an overview of marketing concepts including:
1. Definitions of marketing from the AMA and Philip Kotler emphasizing creating and delivering value for customers.
2. The five competing concepts that guide company orientation including production, product, selling, marketing, and societal marketing concepts.
3. Marketing management tasks such as developing strategies and plans, connecting with customers, and building brands.
4. Trends in marketing like relationship marketing, integrated marketing, and the holistic marketing concept which recognizes that all aspects of a business impact marketing.
The document outlines essential topics for small business owners in starting and growing a business, including a business plan, marketing, communications, and sales tools. It discusses developing a business plan with sections like the executive summary and financial plan. For marketing, it emphasizes understanding customers, competitors and one's unique value proposition. It also provides guidance on developing a marketing strategy and mix of tactics like advertising, public relations, branding and sales. The document advises evaluating efforts based on delivering messages to attract and convert customers.
1. The document defines marketing and outlines the key elements of the marketing process model, including understanding customer needs and designing a customer-driven marketing strategy.
2. It discusses how marketers must understand customer needs, wants, and demands to identify the right target market and offer superior value. The marketing orientations like production, product, and selling concepts are also examined.
3. The marketing concept prioritizes understanding customer needs and delivering better satisfaction than competitors to build profitable relationships. Customer value, satisfaction, exchange and transactions are also core marketplace concepts covered.
The document discusses the key concepts and processes involved in marketing management. It defines marketing and outlines the main roles and activities of marketers such as identifying customer needs, creating and managing products, pricing, distribution, and communication. The marketing process involves market analysis, planning the marketing mix, and controlling marketing efforts. The document also discusses concepts like needs, wants and demands; market segmentation, targeting, and positioning; and setting goals and evaluating marketing strategy.
This document provides an introduction to marketing management concepts. It defines marketing and the marketing process, identifies five key marketing concepts, and outlines a customer-driven marketing strategy. The document discusses understanding customers, creating value and customer relationships, and trends changing today's marketplace. It also summarizes different orientations companies can take towards marketing, such as production, product, and marketing concepts, and how creating customer value can lead to customer loyalty, increased market share, and greater customer equity.
Guide to preparing your Marketing Plan. Picking who you are targeting, clarifying your value proposition, then identifying which tools to use to promote your company, product or service. The guide also describes how to schedule and execute your plan and monitor progress.
Marketing involves creating value for customers and capturing value from customers in return through profitable customer relationships. Marketers need to understand customer needs and the marketplace. They design marketing strategies by selecting target customer segments and developing a value proposition to serve those customers better than competitors through an integrated marketing program using the marketing mix. The goal is to build strong customer relationships, satisfaction, loyalty and lifetime value to increase customer equity.
The document discusses the key concepts and steps of the marketing process. It begins by defining marketing as how companies create value for customers and build relationships to capture value in return. The 5 main steps of the marketing process are: 1) Understanding customer needs and wants, 2) Designing a customer-driven marketing strategy, 3) Constructing an integrated marketing plan, 4) Building profitable relationships, and 5) Capturing value from customers. Each step is then further explained, with a focus on understanding customer needs, developing a marketing strategy and mix, building relationships, and evaluating results to improve future efforts.
This document provides guidance on developing a marketing plan for a small to medium sized business. It covers conducting market research to understand customers, competitors, and opportunities. This involves defining information needs, gathering both primary and secondary data from various sources, and analyzing the results. It also discusses profiling the target market by segmenting them based on geographic, demographic, lifestyle, and behavioral factors. Developing a unique selling proposition to distinguish the business from competitors is addressed. Finally, it outlines how to develop the business brand by defining what it stands for and creating a visual identity through elements like logo, fonts, and colors.
The document provides strategies for developing an effective marketing plan, including identifying customer needs, creating goals and tactics, and engaging target markets. It recommends defining the target market and their needs, analyzing the competitive situation, and setting SMART goals. The marketing plan should identify strategies for different markets and include the marketing mix of product, price, place, and promotion, with an associated budget. The overall aim is to improve sales and customer satisfaction through an enhanced marketing approach.
It’s not enough to find and create a product that people want to buy; you also have to present this product in a way that makes people DESIRE IT and MAKE THE PURCHASE.
This document discusses developing a unique selling point (USP) for a business. A USP defines a business's unique position in the marketplace and allows it to stand out from competitors by catering to an ideal customer group. It is important for businesses to have a USP to assist customers in distinguishing their offering from other options. The document provides tips for developing a USP, such as understanding customer values, appealing to an ideal customer, incorporating personality, and ensuring the USP is memorable, deliverable, and unique. Regular evaluation of marketing activities against the USP is also recommended.
The Ultimate Guide To Creating A Brand Marketing PlanMash Bonigala
This document provides an overview of creating a comprehensive brand marketing plan. It discusses key sections to include such as objectives, market analysis, competitive positioning, brand strategy, products/pricing, distribution/sales, and marketing campaigns. For competitive positioning, it recommends analyzing the market, segmenting customers, and competitively analyzing brands. The brand strategy section explores brand essence, experience, promise, and language. The document provides guidance on developing each section to launch and grow a successful brand.
http://www.reinventyourselftogreatness.com
To be able to grow as self development, personal leadership you need to stay away from toxic people that might have limiting beliefs. This presentation is about recognizing toxic traits in some people as warning signs 15 toxic people traits to stay away from
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An Educational presentation about Problem solving and decision making using different tools and offering solutions to problem solving, creative thinking and Decision making
Sahar Andrade discusses using social media for personal branding and career success. She emphasizes finding your passion and marketing skills consistently across platforms like LinkedIn, Facebook, blogs and Twitter to attract employers. LinkedIn is a key network for professionals, with over 225 million members. It is important to establish yourself as an authority by engaging with others, publishing content regularly, and optimizing your profile to stand out from the crowd. Social media requires consistency in messaging and transparency to build your reputation online.
This is a partial catalog of our diversity, leadership, culture competence, soft skills development, organizational development, and employee engagement workshops.
Interpersonal Skills include communication skills as persuading, listening, and influencing; Leadership skills as prob;em solving, decision making, conflict resolution and finally Team Management as delegating and motivating
Diversity and culture competence are factors as well
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Customer Service Basic training for Public agencies. Diversity and culture competence play a huge role in customer satisfaction.
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Sahar Consulting's services, we offer training programs that introduce a variety of soft skills training. We introduce the principles of employee loyalty and engagement
A brief description of importance of cultural competence in doing business and its effect on the Business etiquettes
This presentation is about cultural competence in doing business while in the Middle East or dealing with Middle Easterns
The document discusses how social media can be used for branding and recruiting. It notes that in the past, companies were wary of allowing employees to use new technologies like email for fear of losing control. Now, social media allows companies to engage with potential candidates and learn more about them. The presentation provides examples of how companies can use platforms like LinkedIn, Facebook, and Twitter to attract talent and evaluate job matches through their social media presence. It emphasizes the importance of having social media guidelines and training employees on proper use.
The Interpersonal skills series brochure for the workshop series presented by "Sahar Consulting" that include effective communications. The course is part of the Diversity training management offered by Sahar Andrade" of "Sahar Consulting" www.saharconsulting.com
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Gulf Traveller is a new airline launching on June 1, 2003 that will operate out of Abu Dhabi using Boeing 767 aircraft. It will serve routes in South and Southeast Asia, the Middle East, and East Africa with a focus on leisure destinations. Gulf Traveller aims to offer full service at economy prices by having more flight attendants per passenger than other airlines and culturally sensitive service and entertainment options. It will be linked to Gulf Air's network and rewards program.
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1. Marketing 101
Sahar Andrade, MB.BCh
Sahar Consulting. LLC
Vendor Advisory Committee (VAC) of South Central Los
Angeles Regional Center (SCLARC)
2. Agenda
• What is Marketing?
• Why care about marketing?
• The marketing process
• Selecting customers to serve
• Branding strategy
• Positioning strategy
• SWOT Analysis
• Know your marketing Mix
• Vision/ Mission
• Branding
• Who is your audience?
• Value Proposition - USP
• Elevator Pitch
3. What is Marketing?
• It is all about identifying, anticipating and satisfying customer needs. It is about
changing the wants to needs. Mainly communicating with the wants
• Is managing profitable customer relationships, or, the process by which companies
create value for customers and build strong customer relationships in order to
capture value from customer in return.
• A strategy is a plan devised to achieve objectives.
Pricing Strategy
Promotional Strategy Product Strategy
Distribution Strategy
4. Why care about marketing?
• Difference between sales, PR and marketing
• Increasing sales
• Increasing market share
• Increasing product/ services visibility & awareness
• Engaging with the proper target segment to gain a
unique selling point
5. 1. It is not about you and what you think
they like or want
2. It’s about what products/ services
MEAN....Not just what they ARE
3. Build it and they will come- doesn’t work
anymore
4. What happens in Vegas doesn’t stay in
Vegas
5. Perceptions are realities for your
customers. It’s not about what you
know….it’s about what they think
Rules of the road
6. 6
The Marketing Process
• In the first four steps to understand customers, to create customer value, and to
build strong customer relationships. In the final step to capture value from
customers in turn.
Understand the
Marketplace and
customer needs
and wants
Design a
Customer-driven
Marketing
strategy
Construct an
integrated
marketing program
that delivers
superior value
Build profitable
Relationships and
create customer
delight
Creat value for customers and build customer relationships
Capture value from
customers to
create profits and
customer equity
Capture value from customers in return
A simple model of
marketing process
7. 7
Selecting Customers to Serve
• Marketing management: the art and science of
choosing target markets and building profitable
relationships with them.
• Marketers must decide first who it will serve, by
dividing the market into segments of customers(market
segmentation) and selecting which segments it will go
after(target marketing).
• Simply put, marketing management is customer
management and demand management.
8. • Developing the brand
– Naming
– Logo
– URL
– Colors
– Slogans
• Put some thought into it, you’re stuck with this for a long time- Discuss
later
Branding Strategy
9. • Target Your Customers
Success of a business products or services is built on one of
Two strategies: (Pain or pleasure)
1- Solution to an existing problem
2- Filling a gap
– What are their problems
– Create a solution
– Describe how your product solves their problem
– Describe the benefits to customer
– What is in it for them (WIIIFT)
Positioning Strategy
10. • SWOT Analysis
• Know your marketing Mix
• Vision/ Mission
• Branding
• Who is your audience?
• Value Proposition - USP
• Elevator Pitch
First Things First
11. • SWOT Analysis
• Know your marketing Mix
• Vision/ Mission
• Branding
• Who is your audience?
• Value Proposition - USP
• Elevator Pitch
First Things First
12. • SWOT Analysis
• Know your marketing Mix
• Vision/ Mission
• Branding
• Who is your audience?
• Value Proposition - USP
• Elevator Pitch
First Things First
Marketing mix ( 4 Ps) is the set of controllable
tactical marketing tools—that the business
considers to produce the response it wants in
the target market
1. Product
2. Price
3. Place
4. Promotion
New Markets shift: from the 4Ps to the 4Cs.
Shift from outbound to inbound marketing
1. Customer solution
2. Customer cost
3. Convenience
4. Communication
13. • SWOT Analysis
• Know your marketing Mix
• Vision/ Mission
• Branding
• Who is your audience?
• Value Proposition - USP
• Elevator Pitch
First Things First
1- Vision: About what the business wants to
become, should be inspiring, a short statement
that communicates WHY the business exists,
what it does, for whom and what long range
success looks like. Gives shape and direction to
the business’s future.
2- Mission: What / how your business is
achieving the WHY? More specific. It describes
your business, what it does, where it is going,
and how is it different from other businesses
14. • SWOT Analysis
• Know your marketing Mix
• Vision/ Mission
• Branding
• Who is your audience?
• Value Proposition - USP
• Elevator Pitch
First Things First
You need to capture customers' hearts & minds.
Emotional Engagement/ Loyalty- Story telling
Think of your favorite brands. How it makes
you feel?
Consistent across the board- Fonts, colors,
logo
Seek to evoke an emotional connection to
your brand before ever thinking of making a
sale.
Don’t get caught up in the trap of wanting to
be everything to everyone -- or you will end
up being nothing to nobody
15. What is Branding
A brand is how people around us perceive
us, what we transmit as a message to
others, without even talking. A Promise,
has to be clear, authentic
Personal branding, is “Self packaging” It’s
identifying the unique qualities, marketable
skills, and building a reputation that captures
the attention of others (clients, managers,
prospects or future partners ).
16. • SWOT Analysis
• Know your marketing Mix
• Vision/ Mission
• Branding
• Who is your audience?
• Value Proposition - USP
• Elevator Pitch
First Things First
Demographics
Psycho-demographics: Like generations
Personnas (Values, beliefs, Personalities)
How do they choose among market
offerings? Expectations are formed about
the value and satisfaction that various
market offerings will deliver.
Customer value and customer satisfaction
are key building blocks for developing and
managing relationships.
17. Understanding the Marketplace&
Customer Needs
•States of deprivation
•Physical—food, clothing, warmth, safety
•Social—belonging and affection
•Individual—knowledge and self-expression
Needs
• Form that human needs take as they are shaped
by culture and individual personalityWants
• Human wants backed by buying power
Demands
Customer Needs, Wants, and Demands
18. 18
Definitions
Market Offering: a certain combination of products, services,
information, or experiences offered to satisfy a need or want.
Market myopia: the mistake of paying more attention to the specific
products a company offers than to the benefits and experiences
produced by these products.
Market segmentation is the division of a market into distinct groups
of buyers who have distinct needs, characteristics, or behavior and
who might require separate products or marketing mixes
Market segment is a group of consumers who respond in a similar
way to a given set of marketing efforts
Target marketing is the process of evaluating each market
segment’s attractiveness and selecting one or more segments to
enter
19. What is the unfulfilled
desire that your product
fills?
How are you better than
your competition?
What is memorable
about you?
20. • SWOT Analysis
• Know your marketing Mix
• Vision/ Mission
• Branding
• Who is your audience?
• Value Proposition - USP
• Elevator Pitch
First Things First
Value Proposition or USP (Unique Selling
Proposition): To stand out you need to be
outstanding. If you do not know or unable to
articulate your best qualities, skills, or services no
one else will.
Think about:
What is your edge, what stands out about you?
What is unique about you, what is it that you do
that no one else does? What differentiates you?
What value you offer?
What solution you bring? Gap you fill?
What pain or concern you are minimizing or
pleasure intensifying?
21. • SWOT Analysis
• Know your marketing Mix
• Vision/ Mission
• Branding
• Who is your audience?
• Value Proposition - USP
• Elevator Pitch
First Things First
More to Think about:
What do I love to do every day?
If I could only do one thing every day,
what would it be?
What are my greatest
strengths/weaknesses?
What do I do better than anyone else?
What separates me from the
competition?
What is the one thing that pushes you
forward in your business, drives you
on a daily basis, and gets you up and
out of bed?
22. 22
• A company’s value proposition is the set of
benefits or values it promises to deliver to
consumers to satisfy their needs, or make
them feel better.
• Value propositions differentiate one brand
from another, by answering the customer’s
question, “why should I buy your brand
rather than a competitor’s ?”
23. • SWOT Analysis
• Know your marketing Mix
• Vision/ Mission
• Branding
• Who is your audience?
• Value Proposition - USP
• Elevator Pitch
First Things First
Elevator Pitch: They call it the elevator
Pitch as it is as short as 30 seconds to 1
minute. It has to be crafted artfully. So after
knowing your USP, you form your elevator
pitch that should tell a short story to attract
your customers so they would know why to
buy your product or use your services
rather than using another business
Your branding statement should be
attractive, have a momentum, tell a story
and have a Call to Action.
24. Mission statement
(e.g. to become the biggest seller in the market)
Strategic objectives
(e.g. to increase sales by 10% in 12 months)
Business objectives
(e.g. to launch the new product/ service
successfully in the next 6 months)
Tactical objectives
(e.g. to set targets for sales staff)
Day-to-day aims
(e.g. to manage customer accounts and deal
with problems)
25. 25
Understanding
maprketplace
and customer
needs
and wants
Design a
customer-driven
marketing
strategy
Construct an
integrated
marketing
program
that delivers
superior value
Build profitable
relationship
and
create customer
delight
Research
customers and
marketplace
Manage
marketing
information
and
customer data
Select
customers:
market
segmentation
and targeting
Decide on a
value
proposition:
differentiation
and positioning
Product and
service design
-build strong
brands
Pricing
-create
real value
Distribution
-manage
demand and
supply chains
Promotion
-communicate
the value
propostition
Customer
relationship
management
-build strong
relationships
with chosen
customers
Partner
relationship
management
-build strong
relationships
with marketing
partners
Capture value
from customer
to create profits
and customer
equity
Creat satisfied
loyal
customers
Capture
customer
lifetime value
Increase
share of
market and
share of
customer
Create value for customer and build customer relationships
Capture value from
customer in return
An expanded model of the
marketing process
26. Blue Print Schedule
Item Schedule
Positioning Strategy Date
Branding Strategy Date
Pricing Strategy date
Advertising Strategy date
Distribution strategy date
Launch strategy date
Marketing strategy date (Offline)
Marketing strategy date (Online)
Initial PR
Begin marketing/ advertising
27. • All the pictures used in the workbook are copyrighted and are used
SOLELY for the purpose of education and learning ONLY not for
commercial use
• This presentation is the intellectual property of, and is proprietary to the
presenter and it is not to be disclosed, in whole or in part, without the
express written authorization of the presenter. It shall not be duplicated
or used, in whole or in part, for any purpose other than to be
educational material The presentation can’t be used in part of whole in
the same program/ similar or different programs
DISCLOSURE
28. Contact Information
Sahar Andrade, MB.BCh
Diversity/Inclusion, Culture Competence &Leadership Consultant/ Speaker
Certified social media strategist & speaker
Sahar Consulting, LLC
www.saharconsulting.com
info@saharconsulting.com
www.linkedin.com/in/saharandrade
Contact us for your next training session or speaking event