Principles of Marketing
Principles of Marketing
Principles of Marketing
Marketing
This presentation highlights essential concepts learned in our Principles of
Marketing course. We'll explore fundamental strategies, consumer insights,
and modern marketing techniques that drive business success.
Defining the Marketing Landscape
2 Information Search
Gathering data about potential solutions to meet their needs.
3 Evaluation of Alternatives
Comparing options based on personal criteria and
preferences.
4 Purchase Decision
Selecting and acquiring the chosen product or service.
Segmentation, Targeting, and
Positioning
Segmentation Targeting
Dividing the market into distinct Selecting specific segments to
groups with similar needs or focus marketing efforts and
characteristics. resources on.
Positioning
Creating a unique image and value proposition in consumers' minds.
The 4Ps of the Marketing Mix
Product Price Place Promotion
Developing goods or services Setting competitive and Ensuring products are Communicating product
that meet customer needs profitable pricing strategies available where and when benefits and building brand
and wants. for offerings. customers need them. awareness effectively.
Branding and Brand
Management
1 Brand Identity 2 Brand Equity
Creating a unique set of brand Building positive customer
associations to establish perceptions and loyalty over
market presence. time.
3 Brand Positioning
Differentiating the brand from competitors in consumers' minds.
Integrated Marketing
Communications
Consistency
1 Ensuring all marketing messages align across different
channels and touchpoints.
Cohesiveness
2 Creating a unified brand experience through various marketing
efforts.
Complementary
3 Leveraging multiple channels to reinforce and amplify
marketing messages.
Digital and Social Media Marketing
2 Retention
Keeping existing customers satisfied and loyal to the brand.
3 Growth
Expanding customer value through upselling and cross-selling
strategies.
Marketing Analytics and
Measurement
Key Performance Indicators Metrics that measure marketing
(KPIs) effectiveness and success