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Methods
Methodsand
andChannels
Channels
Types
Typesof
of online
online marketing
marketingare
are ::
Email Marketing
Blogging
Pay per click (PPC) marketing,
Email Marketing
Blogging
DIGITAL MARKETING
Viral Marketing
A Awareness
D Desire
I Interest
AIDA
AIDAModel
Model
A Action
Marketing Strategies
Pull marketing:
Websites and blogs are pull strategies
Build websites & Blogs
Companys social media profiles
long-term success
the company tries to draw in customers
through different kinds of advertising, such as
TV ads, online banner ads and social media
Online banner ads, and radio and TV ads are
other forms of pull marketing.
Marketing Strategies
Push Marketing:
Email Campaign
Certain offers through
your social media profiles
Companies may push information and
promotional material directly to end users
through email or fliers to generate demand
Create an email database of potential
customers and send them product
announcements and promotions directly
Disadvantages
Transparency
Cost of Hardware
MARKETING FUTURE
Interactive marketing
Interactive marketing
Advantages of interactive
marketing
Industrial or B2B
marketing
Bodies
Institutions (i.e. hospitals)
Non-Profit Organizations (i.e. American Red
Cross)
FOR
B2B Market
B2C Market
Sales volume
Greater
Smaller
Purchase volume
Greater
Smaller
Number of buyers
Fewer
Many
Larger
Smaller
Location of buyers
Concentrated
Diffuse
Buyer-seller relationship
Closer
More Impersonal
Nature of channel
More direct
Less direct
Buying influences
Multiple
Single/Multiple
Type of negotiations
More complex
Simpler
Use of reciprocity
Yes
No
Use of leasing
Greater
Less
Personal Selling
Advertising
BUSINESS TO BUSINESS:
IT IS ALL ABOUT DEMAND
DERIVED DEMAND
The demand for a companys products comes
from (derived) the demand for their customers
products.
Most demand comes from consumers.
JOINT DEMAND
International
marketing
International marketing
Opportunities/challenges
Integrate global knowledge
Expand long-run production
Lengthen and rejuvenate product life cycles
Competitive supply chains
Some challenges faced in international
marketing International logistics
Small business mindset
Political and economic stability
Increased competition
Motivations to go abroad
Competitive pressures
Overproduction
Declining domestic sales
Excess capacity
Saturated domestic markets
Proximity to customers/ports
Profit advantage
Unique products
Technological advantage
Exclusive information
Tax benefit
Economies of scale
Entry Strategy
Direct exporting/importing
Indirect exporting/importing
Licensing and franchising
Foreign Direct Investment
Joint ventures
Strategic Alliances
Contract manufacturing
CHARACTERISTICSOFTHEB2BMARKET
GEOGRAPHICMARKETCONCENTRATION
Businessmarketmoreconcentratedthanconsumer
market.
GeographicconcentrationdecreasingasInternet
technologyimproves.
SIZESANDNUMBEROFBUYERS
Businessmarkethassmallernumberofbuyersthan
consumermarket.
Manybuyersarelargeorganizations,suchasBoeing,
whichbuysjetengines.
THEPURCHASEDECISIONPROCESS
Ofteninvolvesmultipledecisionmakers,ismoreformal,
andmayrequirebiddingandnegotiations.
BUYERSELLERRELATIONSHIPS
Oftenmorecomplexthaninconsumermarketwitha
greaterrelianceonrelationshipmarketing.
EVALUATINGINTERNATIONALBUSINESS
MARKETS
Businesspurchasingpatternsdifferfromcountryto
country.
GlobalsourcingPurchasinggoodsandservicesfrom
suppliersworldwide.