The Marketing Plan focuses on the marketing mix, which is known as the 4 P's product, price,
place (distribution), and promotion. The basic task of marketing is combining these four elements into a marketing program to facilitate the potential for exchange with consumers in the marketplace.
- Product: a tangible good or an intangible service that is seem to meet a specific customer need or demand.
- Price: is the actual amount the end user is expected to pay for a product. How a product is priced will directly affect how it sells.
- Place: is how the product will be provided to the customer. Distribution is a key element of placement.
- Promotion: The marketing communication strategies and techniques that fall under the promotional mix.
The Marketing Communications Plan focuses on the promotional mix, which includes: direct marketing, publicity/public relations, personnel selling, sales promotion, advertising, and interactive/digital marketing.
- Direct Marketing: is when organizations communicate directly with target customers to
generate a response and/or a transaction. - Publicity: refers to non-personal communications regarding an organization,
product, service, or idea not directly paid for or run under identified sponsorship. Public Relations: is defined as “the management function which evaluates public attitudes, identifies the policies and procedures of an individual or organization with the public interest, and
executes a program of action to earn public understanding and acceptance. - Personnel Selling: is a form of person-to-person communication in which a seller attempts to assist or persuade prospective buyers to purchase the company’s product or service or to act on an idea.
- Sales promotion: is generally defined as those marketing activities that
provide extra value or incentives to the sales force, the distributors,
or the ultimate consumer and can stimulate immediate
sales. - Advertising: is defined as any paid form of non-personal communication about an organization,product, service, or idea by an identified sponsor.
- Interactive/Digital Marketing: allow for a back-and-forth flow of information
whereby users can participate in and modify the form and content of the information
they receive in real time.
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