Principles of Marketing

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Principles of

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

Promotion Relationships Strategy


Communicating value to customers Building and maintaining strong Developing plans to achieve marketing
through various channels and methods. connections with customers and objectives and business goals.
stakeholders.
Understanding Consumer
Behavior
1 Need Recognition
Consumers identify a gap between their current and desired
state.

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

Social Media Platforms Content Marketing SEO


Utilizing popular networks to engage Creating valuable, relevant content to Optimizing online content to improve
audiences and build brand communities. attract and retain target audiences. visibility in search engine results.
Customer Relationship
Management
1 Acquisition
Attracting new customers through targeted marketing efforts.

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

Return on Investment (ROI) Evaluating the profitability of


marketing campaigns

Customer Lifetime Value (CLV) Predicting the total value a


customer brings over time

Conversion Rate Percentage of leads that become


paying customers

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