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Published bySylvia van der Woude Modified over 5 years ago
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**Products include both goods and services
What is Marketing? Everything it takes to get a product from the producer to the consumer… **Products include both goods and services Planning what product you sell Pricing your product Finding a place to sell your product Promoting your product
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What will I understand at the end?
Marketing: Marketing mix—Product, Price, Place and Promotion Marketing benefits and utility to economy and consumers The Marketing Concept—profits vs. customer satisfaction Understanding markets—Methods used to reach customers including target marketing and market segmentation including demographic, geographic, and psychographic trends
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What will I understand at the end?
Branding: How are you a “brand”? Brands are valuable! Importance of branding in product planning Branding strategies—brand names, trademarks, packaging Product Planning Introducing a new product to the market Determining value of products Product Life Cycle Consumerism and Social Responsibility How do businesses make decisions that are socially responsible? What is green marketing? Fighting for your rights or consumerism!
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What will I understand at the end?
Distribution Getting products from the producer to the consumer (distribution)? How has the Internet changed marketing? Marketing Research How do businesses find out information to make product planning decisions? Types of marketing research Primary vs. Secondary research Cool, crazy ways business learn about consumers
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Marketing Is All Around Us!
Why do you think that marketing is everywhere in society? What activities have you observed that are part of marketing? How would you define marketing?
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Why is marketing important to our economy?
Marketing of products/services add utility or usefulness Marketing helps lower prices because of competition Marketing provides for new and improved products 4 out of 5 jobs require Marketing skills More CEO’s reach the top of their organizations through marketing and sales Everyone uses persuasive selling skills
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You are a Product! You market yourself to employers
You market yourself to colleges You market yourself to your parents
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That’s Me!! Purchased something on line
Purchased something in a bricks and mortar store Went out to eat Went on a vacation Heard of the Lincoln branding campaign Bought music Filled out a survey Heard of DECA
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“Life is Right in Lincoln”
Pinnacle Bank Arena Job/economic growth One of the lowest unemployment rates in the country To attract and retain excellent young professionals who will continue to build on the Lincoln spirit.
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Your name is your brandmarK!
Everything you are reflects the brand that is “YOU”. You can shape the brand you want to be. Your qualities or characteristics make you stand out—they are your brand. How can you grow your brand? Remember you can make image changes at any time…but it can take others awhile to notice sometimes.
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