Project on Marketing Techniques

Description
Marketing is the process of communicating the value of a product or service to customers, for the purpose of selling the product or service. It is a critical business function for attracting customers.

How to build your business and win clients

FUNCTION

Process
? ? ? Direct Mail, Print Seminars Digital ? Email, Web site, Banner Ads, Links ? ? ? Case Studies, White Papers Speaking Database Management

Tactical Marketing
? ? Forecast your financial analysis Create a corporate ID

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Prepare your market entry strategy Listen

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Strategic Marketing
? ? ? ? ? Understand emerging business trends Define your value-based market Create a focus Plot your organizational development DO competitive analysis

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Develop communication & collateral materials Talk to the decision maker

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Be aware of industry and economic changes Understand buyer’s pain Know your client’s buy cycle Analyze business problems to better formulate marketing strategy Research client’s needs

Reasons People Buy
What to look for
? ? ? Need Desire Emotion

What they want
? ? ? ? ? ? Security Integrity Quality Service Value Price

What’s Out – What’s In

Out
? ? ? ? ? ? ? Quick Fast Rapid Out of the box Paradigm shifting First to market Cutting Edge

IN
? ? ? ? ? ? Adaptive Reliable Consistent Value Risk reduction Sustained profitability

Plan For Action
? Plan for the Decision Maker Do not waste time on someone who has no authority to buy. ? Limit Your Message Leave the prospect a reason to ask questions. Include a Call To Action Ask for the order or you will never get it. Include an Incentive When necessary, entice a response

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Image Marketing

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Know your key differentiators Stick to your Position Statement Create perceived value in your marketing Project your problem solving features Stay focused Build value over time

Perceived Value
Your perceived value to a prospective client is enhanced by the quality of the image you project. Consistency of follow-up, performance and presentation; all work to project a well focused and organized business

Personal Marketing
? ? ? ? ? Get published Create speaking engagements Network Build alliances Be verbal — Communicate!

Communications
? ? ? ? ? ? Plan for your client’s needs Create a biography – not a resume Use problem/solution – not features/benefits Gather testimonials Do not sell, let the client buy Plan to integrate print and electronic

Print/Media/Direct Marketing

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Corporate ID – business card, letterhead, etc. Collateral material – brochures, flyers, etc. Newsletter – consistent, professional Media advertising – trade journals, newsletters White papers – published, handouts, mailers Direct mail – letters, postcards, thank you notes

BY THE NUMBERS
? ? ? ? ? ? Printed Materials —5-10 seconds to make an impression Print Ad — 5% of buying decisions are made at the headline E-Mail — 1-2 seconds to look at the subject line. Web site — 10-15 seconds on the opening page Sales Presentation — the sale is made or lost in the first 5 minutes Personal Contacts — 5-6 contacts to make a sale

For an Effective Marketing Plan,Know
? ? ? ? ? ? ? ? ? your goals and objectives, your market audience, the sales channels, The client’s “pain,” the solution you provide, your value proposition, the sales cycle, how to present your story, When to ask for the order!

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Because you never get a second chance to make a first impression



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