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Introduction to Marketing
Unit 3 Chapter 8 From page
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Lesson 1 BRANDS LIFE CYCLE
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What is Marketing? Marketing is all activities involved in getting goods and services from the businesses that produce them to the consumer Not just advertising
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Note: It does not include the production of goods and services.
Roles of Marketing 1. Sell what a business makes 2. Manage a business’s brand research sales promotion development distribution advertising Note: It does not include the production of goods and services.
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Branding Brand Name A Logo or Trademark Slogan
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Slogans 1886: "Drink Coca-Cola" 1904: "Delicious and Refreshing"
1905: "Coca-Cola Revives and Sustains“ 1917: "Three Million a Day" 1925: "Six million a day" 1952: "What you want is a Coke"
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A Logo or Trademark Products combine their name with a special symbol that is associated with the product. Example:
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Brand Identification No consumer should ever have to guess whether this is the product they want.
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Please take out a piece of paper
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Product The product should be able to sell itself.
If consumers don’t want it they just wont buy it…. Or will they? Is it worth the next step?
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Guess the Product
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The Product Life Cycle Have the sales increased?
Have we sold more than our competitors have sold?
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Product Life Cycle Sales Time Maturity Decline Growth Decision Point
Introduction
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Non-Traditional Product Life Cycle
Fads Niches Seasonal Hula hoops, Yo-yo’s, Pogs, Tamagotchis,
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Lesson 2: The 4 P’s of Marketing The 2 C’s of Marketing
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Marketing Concept 4 Ps of Marketing Product Price Place Promotion
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Product (or Service) Quality Design Features Benefits
Service and support
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Price Price and its impact Price Point List price vs Selling Price
-.95c or .99c why?
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Promotion Coupons Contest Premiums Samples Special Events
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Place (Channels of Distribution)
Who is your market Global Market vs Small Market Where will you be promoting your product
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Channels of Distribution
Direct Indirect Specialty
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Channels of Distribution
Direct Indirect Specialty
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Promotion How will you promote your product?
What are the different means of promotion? Traditional vs Innovative
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The New P - People If you do not have the right people behind your product it will not sell.
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Lesson 3 (Advertising) Creating Good Advertising
- Ads that consumers see and remember Types of Advertising Comparing Types of Advertising
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1. attract attention 2. gain interest Rules for Creating Good Advertising 3. build desire 4. get action
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Types of Advertising Newspapers Magazines Direct-to-home Out-of-home
Radio Television Newspapers Magazines
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