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MMS(Marketing),MBS(HR),Naturopath
Marketing Explained
You go to a party and you see an attractive girl across
the room. You go up to her and say, "Hi, I'm great in
bed, how about it?"
That's Direct Marketing.
You go to a party and you see an attractive girl across
the room. You give your friend a buck. She goes up
and says "Hi, my friend over there is great in bed,
how about it?"
That's Advertising.
You go to a party and see an attractive girl across the
room. You somehow get her mobile number. You call
and chat her up a while and then say "Hi, I am great
in bed, how about it?"
That's Tele-Marketing.
You go to a party and see an attractive girl across the
room. You recognize her. You walk up to her, refresh her
memory and get her to laugh and giggle and then suggest,
"Hi, I am great in bed, how about it?"
That's Customer Relationship Management.
You go to a party and you see an attractive girl across the
room. You stand straight, you talk soft and smooth, you
open the door for the ladies, you smile like a dream, you
set an aura around you playing the Mr. Gentleman and
then you move up to the girl and say, "Hi, I am great in
bed, how about it?"
That's Hard Selling.
You go to a party, you see an attractive girl across the
room. SHE COMES OVER and says, "Hi, I hear you're great
in bed, how about it?"
Now THAT is the power of Branding.
Army-focus on Enemy
Corporate-focus on competitors, Customers,
Products
Your strengths-Leadership qualities, team
work, a better practical understanding of crisis
management and strategizing experience
A World War II Army posters famously depicted Uncle
Sam pointing to the viewer and saying, “I Want You for
US Army.”
It was not just for those who would become Soldiers, but
for those who would invest in the war effort in other ways
– by purchasing war bonds or by working to manufacture
wares used by Soldiers in the field.
Neelima Karath, 28, left the Indian Army in March 2013,
after serving for six years as a Short Service
Commission (SSC) officer.
She joined the Armed Forces Programme (AFP) - a
Ministry of Defence initiative run by the Directorate
General Resettlement (DGR) - which partially sponsors
courses for ex-services personnel at various
management institutes.
•States of deprivation
clothing
Raymond's suiting
“Demand”
This is the wants for specific products
backed by an ability to pay.
Marketers should try to shape the wants.
Many customers don't know what they want
when the product is new, concept or service
is new.
So companies help the customers to learn
what they want.
E.g. chips, soft drinks are the party food,
chocolates for celebrations, diet food
product, fitness and weight loss programs
etc.
Get something (product /service) by offering
something in return.
Eg. kind (barter) or money (value )
Exchange is a value creating process because
it leaves both parties better off
(win – win situation)
A transaction is an exchange between two
things of value on agreed conditions and a
time and place of agreement.
To make successful transaction a marketer
should understand what each party expects
from transction.
Products :Products are defined as anything that
can be offered to some one to satisfy a need or
want.
What do we mean by Value?
Perceived value=benefits derived from a
product/cost of acquiring that product
Dependent on the product’s perceived
performance relative to a buyer’s expectations.
Delighted *
Loyal
Perceived
Service As expected
Customer Satisfied
Satisfaction
Vulnerable
Expected
Service
Worse/Different than expected
Dissatisfied
A customer can be a
business entity, who can
Resell No
purchase it for the purpose
of resale.
Market is defined as an
Marketing is a function that
arrangement whereby buyers
Meaning identifies human and social
and sellers meet each other
needs and satisfies them.
to conclude the transaction.
i. Wholesale Market
If a large quantity of products are purchased from producers
and sold to different retailers, this is called wholesale market.
In wholesale market, the products are not sold directly to
ultimate consumers. But, if consumers want to buy in large
quantity, they can buy from wholesaler.
ii Retail Market
The market that sells small quantity of products directly to
ultimate consumers is called retail market.
4. Classification Of Market On The Basis Of
Nature Of Product
On the basis of nature of product, market can be classified in two types as
follows:
i. Commodity Market
The market where consumer and industrial commodities like clothes, rice,
machines, equipment, tea, soap, fruits, vegetables etc. are bought or
sold is called commodity market. In some market only certain special
commodities are bought and sold and in some other different consumer
commodities are bought and sold.
ii. Financial Market
The market and financial instruments is called financial market. In such
market, money, shares, debentures, treasury bills, commercial papers,
security exchanges, loan giving or taking etc are dealt. Dealing of short
term fund is called money market and dealing of long-term fund is called
capital market.
5. Classification Of Market On The Basis Of
Consumption
i. Primary Market