Introduction to Marketing

Post on 30-Oct-2014

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This is a very quick grasp of marketing field. It will help people from engineering background to understand the role of marketing in the business area.

Transcript of Introduction to Marketing

INTRODUCTION

TO MARKETINGHOW TO CREATE A CUSTOMER

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AGENDA

•PRODUCTS VS. SERVICES

•WHAT IS MARKETING ?

•MARKETING ACTIVITIES

•MARKET SEGMENTATION

•SOCIAL MEDIA MARKETING

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PRODUCTS VS. SERVICES- Products are tangibles, I pay for and

own forever.- Services are intangibles that I get for

a period of time and don’t own it.- Usually, products are supported by

services.

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WHAT IS MARKETING ?

Marketing is the process of communicating a product or a service to customers, with the goal of selling this

product or service.Upselling & Cross-Selling

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MARKETING ACTIVITIES

Consumer Analysis

Product Planning

Distribution Planning

Price Planning

Promotion Planning

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MARKETING ACTIVITIES

Consumer AnalysisEvaluation of consumer characteristics,

needs and purchase processes.

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MARKETING ACTIVITIES

Product PlanningDevelopment and maintenance of products, their positions, brands,

packaging options, and deletion of old products.

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MARKETING ACTIVITIES

Distribution PlanningEstablishments of channels, physical

distribution, warehousing, transportation and wholesaling.

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MARKETING ACTIVITIES

Price PlanningOutline price ranges and levels as well

as price adjustments.

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MARKETING ACTIVITIES

Promotion PlanningCombination of advertising, publicity

and personal selling.

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MARKET SEGMENTATION

The division of market into different homogeneous groups of

consumers.should be

Measurable, Durable and Profitable.

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MARKET SEGMENTATION

We segment consumers in terms of:- Geographic location.- Demography.- Psychograph.- Behavior.

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SOCIAL MEDIA MARKETING

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THANKS

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