MARKETING AND E-MARKETING

Cards (15)

  • Marketing
    The process of identifying and satisfying customer requirements with a profit for a company
  • Marketing is more than just advertising, promotion, and selling. It's an ongoing process that involves researching, planning, implementing, and reviewing strategies to meet customers' needs.
  • Marketing activities carried out by companies to sell their products
    • Predicting what consumers might want to buy
    • Developing new products or improving existing ones
    • Figuring out who will buy the product
    • Creating and illustrating a market map
    • Evaluating the company's position in the market
  • In the past, businesses focused on their products and then tried to find buyers. Nowadays, with global competition, most companies focus on understanding consumer needs before creating products.
  • Market segmentation
    A key concept in marketing based on the idea that similar people buy similar products
  • Factors businesses can use to segment markets
    • Where customers are located
    • Who they are (age, gender, education)
    • Why they need the product
    • How they buy it
  • E-marketing
    The use of the internet and digital technologies to promote and sell products or services
  • E-marketing is like traditional marketing, but it uses the internet and digital tools. It includes advertising online, sending emails, and using social media.
  • With e-marketing, businesses can reach more people and use different strategies like social media marketing and email campaigns.
  • Businesses set goals for e-marketing using the 5 S's
    • Sell
    • Serve
    • Speak
    • Save
    • Sizzle
  • Sell
    Use the internet to make your product stand out and build brand awareness by adding special features that wow customers
  • Serve
    Improve customer service by using the internet to quickly respond to questions
  • Speak
    Engage with customers online to understand their needs
  • Save
    Cut costs by using the internet instead of traditional methods like printing
  • Sizzle
    Build a strong online brand identity that creates a positive experience for customers and sets your business apart from competitors