Marketing Principles and Strategies: Mdm. Lorne Mae Malabarbas
Marketing Principles and Strategies: Mdm. Lorne Mae Malabarbas
COMPANY MARKET
Market
Composed of people or organizations
that have the need, ability, the
willingness, and the authority to pay for
their purchase.
CUSTOMER COMPETITION
The Market
Customer, which may either be trade
intermediaries (like wholesalers ore
retailers) or end-users, are the people or
organizations buying from you.
Competitors are those with products or
services that can offer similar benefits
to your customers.
The Strategic 3C’s of
Marketing
CUSTOMERS
COMPANY
COMPETITION
Key Objectives of the 3C’s
of Marketing
Customer
s
Company Competition
C. Profit
Profit is an indispensable component
for a firm to continuously satisfy its
customer.
Application of 3C’s: 7 key
questions to ask
Key Questions to Ask to Do Good Marketing
3C’s Key Questions
Customers Q1:Who are the target markets of Eat Bulaga?
Q2: What are the needs, wants and expectations
of the target markets?
Q3: How can they be satisfied continuously?
Competition Q4: Who are their direct and indirect
competitors?
Q5: How can they be superior to competition?
Company Q6: How can the show maximize its profitability
without alienating its customers’ needs, wants
and expectations?
Q7:What metrics do we use to measure success?
Needs, Wants, and
Expectations
Needs are the basic reason or the minimum
requirement consumers look for in a product
or service. They are called the qualifying or
the “gatekeeper” dimension in a purchase.
Wants are the determining dimensions
among many choices.
Expectations are values or intangibles
associated with a product or service.
Expectations are actually part of “wants” but
they become extremely important when
products or services are not differentiated.
Features, Advantages, and
Benefits
Features are simply product attributes
offered by a company – they are proof of a
benefit. Advertising agencies call these the,
“reason why”.
Advantages are what these features can do.
Benefits are advantages that meet the
explicit needs and wants of the customers.
They the favourable results that customer wil
get when they use the product or service.
Benefits answer the question, “What’s in it for
me?”
Marketing Philosophy
Better than Before
Better than Others
Better than Expected
What are the approaches to
marketing?
Traditional Marketing
Contemporary Marketing
What are the goals of
Marketing?
Step 1: Awareness
Make your target market know you. Inform
them, persuade the and remind them so brand
can be among the top.
Step 2: Availability
Make product available according to the
purchase pattern of the target customers.
Attention should be given to coverage,
placement, display, inventories, resale prices,
and goodwill with customers.
What are the goals of
Marketing?
Step 3: Trial
Provide a low risk initial experience to allow target
customers and customers to form positive impression.
This is typically done via sampling, introductory price,
money back guarantee, among others.
Step 4: Repeat Purchase
Include
blogs, social networking sites
(facebook), virtual worlds (second life)
Characteristics Affecting
Consumer Behavior
Social Factors
Family is the most important consumer-
buying organization in society
Persona
Interest
l Savings
rates
income
Characteristics Affecting
Consumer Behavior
Personal Factors
Lifestyle is a person’s pattern of living
as expressed in his or her
psychographics
Measures a consumer’s AIOs (activities,
interests, opinions) to capture
information about a person’s pattern of
acting and interacting in the
environment
Characteristics Affecting
Consumer Behavior
Personal Factors
Personality and Self-Concept
Personality refers to the unique
psychological characteristics that lead to
consistent and lasting responses to the
consumer’s environment
Characteristics Affecting
Consumer Behavior
Psychological Factors
Motivation
Perception
Learning