Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Customer
Gatekeeper
Manager
2.
Business owner
3.
Supplier
During poor
Fall
economic times the
demand for wants
will:
Why? People are spending wisely, mostly on needs.
Glut
As a product
More retailers enter the market (tattoo parlors)
category becomes
popular
Gauging
Essential to marketing.
fluctuations in
consumer demands
is
2.2
Profitability
Stages of PLC
Target Market
Pricing Strategy
1. Introduction
Innovators
Skim-High
Stars
2. Growth stage
Early adopters
Penetrate-med
high
Cash Cows
3. Maturity Stage
Early Majority
Penetrate-med
Cash Cows
4. Decline Stage
Late Majority
Lower
Dogs
Laggards
liquidate
Identify at least 1 product for each of the 5 stages of the PLC: Examples:
1. Iggy Azalea
2. bruno marz
3. smartphones
4. digital cameras
5. traditional film cameras
Think of one
example for
each stage
1.
IPhone 6
2.
Shawn Mendes
3.
Juice boxs
4.
Desktop computers
5.
Block buster
Shelf
Allowance
Bust
Most
Important
Stage
Growth stage
Benefit of
being first
No competition initially
Market Share A companies sales as a percentage of total sales for that market
Barriers to
entry
Examples
1. small market
2. cost of research and development/know how
3. design costs
4. lack of distribution channels
Companies
that use a
push
strategy
Are often very successful during the middle portion of the growth stage
using low prices
Maturity
Stage
Profits
Develop new products
obtained
during this
stage are
often used to
Decline
Stage
Decision
Point Stage
Strategies
New uses, new market
for this stage
Target Market
Innovators
Early Adopters
Majority
Late Majority
Laggards
Growth
Maturity
Decline
Decision Point
Question Mark
Star
Cash Cow
Dog
Penetrate
Penetrate
Lower
Liquidate
2.3
Cohorts
Consumer Segment
Primary Market
Secondary Market
Demographics
Includes:
Age
Gender
Income level
Ethnicity
Culture
Pre Customers
0-9: children influence gatekeepers who make the decisionMarketers try to appeal to both
Youth Market
Post Secondary Market 20-25-Start up products: cheap cars, furniture, kitchen stuf
Family Formation
Establishment
Mature Market
Baby Boomers
A business can sell its It will tailor its marketing eforts to match the needs of each
products or services to one.
various family lifecycle groups but
Income level
Businesses research
the following indicators
to determine the
income of specific
groups of consumers
Postal codes
Employment
Number of children
Education
Property Ownership
When marketing in
another country
Psychographics
Examples
Religious beliefs
Tastes in music
Lifestyle
Personality traits
Psychographic traits
are less obvious
Geographics:
Consumers
3 main geographic
categories
Urban consumer
Urban
Suburban
Rural
1.
2.
transportation
Suburban Consumer
Product Use Statistics Categorize consumers by how frequently they use a specific
type of product
1. Heavy User
2. medium user
3. light user
4. non-user
Pareto Principle
Marketers must
change a non-users
Value equation
Motivation is
Emotional needs:
Peer Pressure
Celebrity Endorsement
1. Physiological
2. Safety
3. Affiliation: Friends, relationships
4. Esteem: success
5. Self Actualization
Destination Locations
1. Want is created
2. Criteria is set-Features needed
3. Search begins
4. Decision is made
5. Purchase is made
6. Purchase is evaluated
Shopping Good
Impulse items
bar at checkout
Push strategy
Impulse
Pull Strategy
Shopping
Combo Strategy
Big Ticket/Specialty