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4-Gate Model

MARKETING: MINDSET, MARKET, AND MESSAGE

• The 4-Gate model involves Mindset, Market, Message


and Marketing to seize the golden opportunity chosen .
Entrepreneurs need to identify their target market and
formulate a compelling message. The more focused and
the target market definition, better for the marketing
communication group to know who to send message to.

• Entrepreneurs must make smart choices in satisfying


either customers or noncustomers they are targeting. for
entrepreneurs with a much smaller marketing budget, it
is much more important to have superior product that
can shift consumer preference and or solve consumers
pain points.
Marketing, Mindset, and
Message, note that most of A compelling message not
the value creation ideas listed communicated deprives the
above are offers to perform entrepreneurs of his brands
better than rivals in the awareness ,which is the first of
existing marketplace , it is three steps in the customer
the only the last item or being bonding strategy awareness
different thar focuses on trial and repeat purchase.
creating innovative value

Identify
the Target
Market
It is converting a There are three points
to remember in product
superior product or service positioning
or service value it ,must be relevant ,it
advantage to a must be unique, and it
must be
market advantage communicated
Mommy Mundo, an online
In the solar industry, three major community of moms, defines the
market segments are target market of their blog and
commercial, residential and events as "active and modern
utilities. In the commercial moms". "Active" refers to being a
segment, different target markets "present", conscious or
can be shortlisted before being intentional parent to one's
chosen. One possible target children while "modern" refers not
market is the supermarket where only to being up-to-date in
cold storage translates to high choices of products, or perhaps
electricity bills monthly. But a use of technology, but also refers
constraint of solar panel to having a progressive mindset
installation is old rooftops, so an always learning and searching for
ideal definition of target market new parenting principles and
are supermarkets with high choosing what will work best for
electricity bills whose life of herself and her family. They
rooftops would be seven years or chose this target market, with
less, or the solar installers might whom they can share information
be blamed for leakages in the and awareness, while also
building from an old roof.. respecting every mom's principles
and parenting style, their
individuality and choices.
Mucho Macho started as a Harbest Agribusiness sells their
barbershop in General Santos City Seeds of Hope vegetable seeds to
targeting stylish millennials in politicians instead of other
2012. The barbershop provides channels. Politicians use the
the services of barbers as well as packaging of these vegetable
stylists. Their expansion to Davao, seeds to print their photo and
which accepted their concept, programs, allowing them to
encouraged them to start increase awareness retention
franchising nationwide. while offering the advocacy of
planting vegetables in backyards.
Below is how Waters Philippines applied framework:

Customer: Is the market Timing: Is the market big


Finance: Will be profitable?
real? enough?
According to Kantar, the socio- Selling the Waters Bio Mineral
The market gap is three-fold:
demographics of the Philippines is Pot 3-in-1 alkaline, mineral,
Water refill stations provide
1% for upper class AB, 2% for upper purified home water system
mostly acidic water, not
middle class C, 9% for broad middle
alkaline; The average drinking has the advantage of
class C, 71% lower class D and 17%
water expenditures for a referrals from satisfied
for lower class E. The market can customers, as well as
household is about P150 a
expand 12 times if Waters customers converting
week. This P150 a week is
Philippines also taps the middle themselves to be independent
P600 a month or P7,200 a
class and not limit sales to cash distributors to sell to their
year or P500,000 lifetime cost
buyers only, composed of 1% in the own network. Aside from
in drinking water. The higher
upper AB class. Given about 20
the expenditures for drinking profit from unit sales, Waters
million households in the
water, the higher probability of can be profitable from repeat
Philippines, the 12% market purchase of filters, from
shifting to a water purifier and
potential represents 2.4 million parts sales from natural wear
There are very few industry
households which is the size of the and tear, as well as from
players selling high quality
prize". Almost all upper and middle interest income from
home water purifiers on
class families do not drink directly installment sales.
installment.
from the tap.
What is product life cycle?
Product life cycle is the progression of an item through the four stages of its time
on the market.
When a product is new the organizations objective
Introductory will be to inform the target audience of its entry.
Television, radio, magazine, coupons etc may be
used to push the product through the introduction
stage of the lifecycle. Push and Pull Strategies will
be used at this crucial stage.

Growth As the product becomes accepted by the target


market the organization at this stage of the
lifecycle the organization works on the strategy of
further increasing brand awareness to encourage
loyalty.
What is product life cycle?
Product life cycle is the progression of an item through the four stages of its time
on the market.

At this stage with increased competition the


Maturity organization take persuasive tactics to encourage
the consumers to purchase their product over their
rivals. Any differential advantage will be clearly
communicated to the target audience to inform of
their benefit over their competitors.

As the product reaches the decline stage the


organization will use the strategy of reminding
people of the product to slow the inevitable.
Decline
BUYERS CHARACTERISTIC

Cultural

Social

Personal

Pyschological
BUYER’S INFLUENCE

01 02 03 04
Situational
Environmental Influences Organizational
Influences

05 06 07
Individual
Interpersonal Influences
Inflluences
Consumer Decision
What is it? Example: Expensive Milktea
Process

ProblemRecognition
The first step in the customer
decision- making process is
My mother spends $10 every
to recognize the problem. weekon drinking milktea. The
Our capacity to spot sums up to 40$ every
problems and address them When making adecision, a person month,480$ a year.
for our customers determines first needs to identify and define the
our success as business problem or need recognition The milktea shop is also
known on their high price and
owners and/or marketers. A
it can also last long about
disparity between one's 48hours.
intended state and one's
actual state of contentment
leads to problem detection.
Consumer Decision
What is it? Example: Expensive Milktea
Process

Newspapers,Onlinearticles.N
Information Search ews, Blogs,Social Media
page.etc
is a multi-stepprocess
thatincludesformulating a E. coli found in milk tea that
A consumer seeks information by killed 1, downed 9 in Iloilo.
search question, selecting asking an employee about a Report from Regi Adosto,
search terms, searching, product. Asking an employee is ABS-CBN News Iloilo.
some situations,evaluating external research.
(Article can be found
sources critically, and, https://news.abscbn.com/nat
inpresenting the search ion/regions/12/07/13/e coll-
method. found-milk-tea-killed-1-
downed9-iloilo)
The 4 Minds What is it? Examples Decision-making

Ideal Point uses the optimal option for the Dream computer Customers measure
customer as a point of set everything against
comparison when evaluating any the ideal.
option

Market Individual attribute evaluations Computer Customers measure


Comparison based on internalized reference set/parts everything against
points are used by the market the ideal.
comparison mind.

Local based on comparisons between Available Customers make


Comparison only the set of choices that the flavors/menu in comparisons based
consumer is considering at the milktea shop on a restricted
time number of options.

Image Point focuses on overall impressions Known computer Customers are


while evaluating specific brands brand-aware.
attributes
THE 4 GATES OF ENTREPRENEURSHIP

The first gate of the journey Entering all four gates


to entrepreneurship is the allows the entrepreneur
preparatory gate. Here,
to experience the two
entrepreneurs deal with
money, models (business benefits of the House
models), and mentoring. of Prosperity. The first
The principle of wealth is accomplishing five
conversion states that critical tasks: having 1)
wealth is created by a good and compelling
converting money or cash
value proposition, 2)
(or equivalent) into goods
and returning them to cash cash flow, 3) profit, 4)
when sold for profit. manageable execution
and 5) vision/mission.
What is Entrepeneur?

An entrepreneur is an individual who creates a new business,


bearing most of the risks and enjoying most of the rewards.

Entrepreneurs play a key role in any economy, using the skills


and initiative necessary to anticipate needs and bringing good
new ideas to market.

A person who starts a business and is willing to risk


loss in order to make money.

The entrepreneur is defined as someone who has the


ability and desire to establish, administer and
succeed in a startup venture along with risk entitled
to it, to make profits.
WHAT IS COMPELLING MESSAGE IN
ENTREPRENEURSHIP?
Phase 1 Phase 3
Phase 2

It uses words and


A compelling message explanations the
resonates with the It is designed to help audience
audience's values and the audience solve understands and
beliefs their problems, achieve finds relatable.
their goals and dreams,
and meet their needs.
IMPORTANCE OF MARKETING

Market Acquisition Strategic

Comercial

Intelligence Support Planning


IMPORTANCE OF 9 WAYS TO CREATE VALUE

Value creation happens when In turn, the business earns a profit


a business or organization for what it has created and the
uses its work and resources to customers have a want or need
create something of value that fulfilled. ... Reward creativity and
is sold to a customer base. value creation with incentives.
Sales
process

Creating customer value increases Creating customer value


customer satisfaction and the (better benefits versus price)
customer experience. . A good increases loyalty, market
customer experience will create value share, price, reduces errors
for a customer.) and increases efficiency.
IMPORTANCE OF COMMUNICATION IN
MARKETING
It establishes and
fosters relationships With proper communication,
between employees researching the market,
and clients. targeting specific groups, and
understanding their needs has
never been easier.
01 02 03 04

Communications is
Communication is vital to
fundamental to the
marketing because it
existence and survival of
brings everyone on the
humans as well as to an
same page.
organization.
IMPORTANCE OF DEVELOPING A BRAND NAME

It signifies what you It depicts your


stand for in the products or services.
market.

In a way, it also tells


the customers how
It conveys your you feel about them
business ethics, and what value you
values, and goals. can offer them.

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