What is marketing? • ‘The science and art of exploring, creating, and delivering value to satisfy the needs of a target market at a profit’ (Kotler, 2012).
• ‘The activity, set of institutions, and processes for
creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large’ (AMA, 2017) What is marketing? • ‘The science and art of exploring, creating, and delivering value to satisfy the needs of a target market at a profit’ (Kotler, 2012).
• ‘The activity, set of institutions, and processes for
creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large’ (AMA, 2017) What is digital marketing? • ‘Achieving marketing objectives through applying digital media data and technology’ (Chaffey and Chadwick 2109)
• There is, in fact, no difference between ‘traditional’
marketing and digital marketing. They are one and the same, apart from using digital media as the primary communication medium
• Ultimately, the aim of any type of marketing is to keep and
grow a customer base and stimulate sales in the future. Digital communication tools contribute towards connecting and building long-term relationships with customers Why digital marketing? • You can target only the prospects most likely to purchase your product or service • It's more cost-effective than traditional marketing methods • Digital marketing lets you outrank bigger players in your industry • Digital marketing is measurable Marketing Strategy • The purpose of a marketing strategy is to determine what the business or brand is about. An effective strategy involves making a series of well-informed decisions about how the brand, product or service should be promoted. • Note the brand that attempts to be all things to all people risks becoming unfocused or losing the clarity of its value proposition Marketing Strategy – the environment Marketing Strategy – the business Marketing Strategy – the customer Marketing Stragey – the competitor Marketing Strategy – SWOT analysis Marketing Plan – last semester 1. Introduction 2. Situational Analysis – Pestel, SWOT 3. STP – Segmenting, Targeting, Positioning (strategy) 4. 4P – Products, Price, Place, Promotion (tactics) Marketing Plan – last semester Marketing Plan – this semester 1. Introduction 2. Situational Analysis – Pestel, SWOT 3. Marketing Objectives 4. STP – Segmenting, Targeting, Positioning (strategy) 5. 4P – Products, Price, Place, Promotion (tactics) 6. Control and measurement Marketing Strategy – STP and 4P Marketing tactics 1.Search Engine Optimization (SEO) 2.Content Marketing 3.Social Media Marketing 4.Pay Per Click (PPC) 5.Affiliate Marketing 6.Native Advertising 7.Marketing Automation 8.Email Marketing 9.Online PR 10.Inbound Marketing 11.Sponsored Content Here is an example: SMART objective: Increase sales through the eCommerce platform by 10% within the next six months. Tactics: Search advertising Social media marketing using the Facebook brand page KPIs per tactic: Search advertising – number of search referrals, cost per click on the ads Facebook brand page – number of comments and shares on campaign specific posts Targets per tactic: Search advertising – 1 000 search referrals after the first month, with a 10% month-on-month increase after that Facebook brand page – 50 comments and 10 shares on campaign-specific posts per week