combination of these elements that a company uses to distinguish its products or services from others. •BRAND AWARENESS- is the extent to which a brand is recognized by potential customers and is correctly associated with a particular product or service. The 5 Common Goals of Marketing
• Building brand awareness
• Generating high sales lead volume • Establishing thought leadership • Boosting sales • Increasing brand engagement BRAND AWARENESS CHALLENGE GIVE ME A BRAND OF A......
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SOFTDRINKS BREAD CHOCOLATE LAPTOP MARKETING TERMS •LEAD VOLUME-is the number of sales lead that will be converted into customers. •SALES LEAD- is the potential customers who is interested in the product of services. Thought Leadership • Was coined by Joel Kutzman in Strategy+Business Magazine in 1994. • He defined that a person who has “new important ideas that are worth sharing that have real application”. • These fresh ideas can be in the form of new products or new method of teaching. • To be a thought leader, a person should be an expert in issues that affects the company. Boosting Sales INCREASING BRAND ENGAGEMENT Which among the five goals in marketing should a company prioritize?
How can realizing the goals of marketing help build
and maintain lasting relationships with customers? Research on 2 brands that no longer exist and create separate reports that answers the following.
What cause d the brand to fail?
What unfulfilled marketing goals contributed to this?