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Traditional marketing predominated until the 1990s when the internet began
to take off. It is still considered a viable method for marketing with a core
focus on the product offering. Here are the features of traditional marketing:
Today, there are still niches, places, locations, etc. where digital marketing
doesn’t work. For example, rural areas or places where the internet is rare. In
such cases, people are well aware of the traditional marketing techniques
that they have seen in their lives.
Even pricey items and complex products require marketers to use traditional
marketing as it is more effective than digital marketing in most cases.
Traditional marketing predominated until the 1990s when the internet began
to take off. It is still considered a viable method for marketing with a core
focus on the product offering. Here are the features of traditional marketing:
Today, there are still niches, places, locations, etc. where digital marketing
doesn’t work. For example, rural areas or places where the internet is rare. In
such cases, people are well aware of the traditional marketing techniques
that they have seen in their lives.
Even pricey items and complex products require marketers to use traditional
marketing as it is more effective than digital marketing in most cases.
DAY 2
GOAL OF MARKETING
For example, a digital marketing campaign can have marketing goals like
increasing website traffic, growing email lists, gaining more social media
followers, converting target audiences, etc. Setting marketing goals give
direction to a company’s marketing efforts. As per research, marketers who
set goals are 376% more successful than those who did not have set goals.
The purpose of marketing is to reach your target audience and communicate the benefits
of your product or service — so you can successfully acquire, keep, and grow customers
1. Acquiring customers
2. Retaining customers
Top of mind for most businesses, acquiring new customers means new
revenue for growth. This goal is the most complex out of the three
goals because you have to get new customers all the way through
your sales funnel.
2. Retaining customers
Somehow people forget about this goal! And what an amazing goal it
is. Retaining customers is a lot more cost-effective than acquiring
new ones since they already know you and have used your
services.
Customers fall in love with good brands -- with what they stand
for and the story they tell. Having an emotive brand story is
important in both acquiring customers and retaining customers. And
when a good brand story can turn customers into brand ambassadors,
you’ve hit a home run.
Brand ambassadors will go to bat for you, not just because of the
service you provide, but because they are deeply connected with
your brand’s higher purpose.
If we think about the sales funnel, people who hear about your
company from brand ambassadors will automatically go into the
consideration part of the sales funnel. This means you don’t have to
spend as much time or money in marketing activities focused on
awareness. These people also are more likely to consider a purchase
because of the increased trust from hearing about you from someone
else.
Contemporary Marketing also known as modern marketing strategies refers to theories that stress the
importance of customer orientation versus the traditional market orientation. They are strategies that,
when implemented, offer greater support for their client base with a product range that varies depending
on what the target market desires. Rather than what the company wants them to have.
. Why?
2. Which?
Instance: An entity selling food products and spices should put ahead
which food products and spices in their merchandise are worthier to
buy in front of a restaurant owner or a chef depending on the
regional, climatic and custom taste trends in the restaurant customers.
3. Where?
4. When?
The Most important attribute When? though it comes at the end is not
totally in the control of the customer, but it is even the providers
accountability. Taking a factual ownership of the time to deliver.