- Identify your goals and purpose
- Define your audience personas
- Strategically position your business in the market
- Differentiate yourself from your competition
- Create a brand character your audience will connect with
- Tell your brand story through key messaging
What is B2B model
B2B (business-to-business), a type of electronic commerce (e-commerce), is the exchange of products, services or information between businesses, rather than between businesses and consumers (B2C).
A B2B transaction is conducted between two companies, such as wholesalers and online retailers.
How do you STP?
- Define the market
- Create audience segments
- Construct segment profiles
- Evaluate the commercial attractiveness of each segment
- Select target audience/s
- Develop a positioning strategy
- Choose your marketing mix
Who is the father of modern marketing
Philip Kotler, the Father of Modern Marketing, Will Never Retire.
What are the 3i principles
This methodology, which is central to the key components of digital marketing, comprises three principles: initiate, integrate, and iterate.
Collectively, this is referred to as the 3i Principles. The principles are designed to get you to think about a digital marketing strategy or campaign from start to finish.
What is holistic marketing concept
Holistic marketing concept considers all the different parts of a business as one single entity.
It is based on the premise that the whole is greater than the sum of its parts.
As such, there is a shared aim and purpose for all the activities related to a business.
What is difference between marketing and selling
In simple words, selling transforms the goods into money, but marketing is the method of serving and satisfying customer needs.
The marketing process includes the planning of a product’s and service’s price, promotion and distribution.
Where is product bundling
Product bundling is a technique in which several products are grouped together and sold as a single unit for one price.
This strategy is used to encourage customers to buy more products. McDonald’s Happy Meals are an example of product bundles.
How do you write 7Ps
The 7Ps of Marketing is the Price, Place, Promotion, Product, People, Process and finally, Physical Evidence.
It originally started as 4 Ps, but as the world, and the complexities of marketing grew; 3 more were added to formulate an effective marketing strategy.
What is the product mix of Samsung
Mobile devices- Smartphones like Samsung Galaxy series, Tablets, Wearables, Phones Accessories. Samsung Home Appliances- Refrigerators, Cooking Appliances, Washing Machines, Air conditioners, Vacuum cleaners.
TV/AV – Samsung Television, Accessories, Audio and Video accessories.
What is Coke’s product mix
For example, The Coca-cola company has its signature Coca-Cola brand, featuring original Coca-Cola, Diet Coke, Coke Zero, Cherry Coke, etc. This would be described as a product line, while their product mix consists of their Coca-Cola, Dr. Pepper, Glaceau Smartwater, Sprite (and so on) product lines.
Sources
https://www.on24.com/blog/introducing-the-modern-4-ps-of-marketing/
https://www.cstmarketingmanagement.co.uk/which-is-the-most-important-p/
https://www.sacredheart.edu/academics/colleges–schools/college-of-business–technology/departments–schools/marketing/digital-marketing-blog/the-importance-of-a-digital-marketing-strategy-in-todays-world/
https://iide.co/case-studies/marketing-mix-of-samsung/
