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TRANSCRIPT
INDEX
1. THINK MARKETING: MARKETING CONCEPTS
2. THE MARKETING MIX
3. SWOT ANALYSIS
4. AIDA
5. USP
6. VOCABULARY
7. TREASURE HUNT ON MARKETING (PRACTICE)
8. FINAL TASK: PROMOTING BARCELONA
1. THINK MARKETING: MARKETING CONCEPTS
VIDEOS
1. Marketing Vocabulary: http://englishforyou2.webs.com/apps/videos/videos/show/892184-marketing-vocabulary
2. Marketing Concepts 1:
http://englishforyou2.webs.com/apps/videos/videos/show/7709195-marketing-concepts-1
3. Marketing concepts 2:
http://englishforyou2.webs.com/apps/videos/videos/show/7709390-marketing-concepts-2
FLASHCARDS: VOCABULARY AND DEFINITIONS
http://www.flashcardmachine.com/740933/q98h FLASHCARDS: PRACTICE THE VOCABULARY
http://quizlet.com/2125360/marketing-flash-cards/
EXERCISE: REORDER THE SENTENCES:
1.________________________________________________________________
2. ________________________________________________________________
3. ________________________________________________________________
4. ________________________________________________________________
1.________________________________________________________________
2. ________________________________________________________________
3. ________________________________________________________________
4. ________________________________________________________________
CROSSWORD
SOLUTIONS
2. THE MARKETING MIX
3. SWOT ANALYSIS
4. AIDA
AIDA is an acronym used in marketing that describes a common list of events that are
very often undergone when a person is selling a product or service:
A - Attention (Awareness): attract the attention of the customer.
I - Interest: raise customer interest by focusing on and demonstrating advantages
and benefits (instead of focusing on features, as in traditional advertising)[1].
D - Desire: convince customers that they want and desire the product or service
and that it will satisfy their needs.
A - Action: lead customers towards taking action and/or purchasing.
Nowadays some have added another letter to form AIDA(S):
S - Satisfaction - satisfy the customer so they become a repeat customer and give
referrals to a product.
Marketing today allows a diversty of products. Using a system like this, allows a general
understanding of how to target a market effectively. A.I.D.A however is an acronym that
is necessary to learn in marketing.
Moving from step to step you lose some percent of prospects. This process is shown as
"AIDA Inverted Triangle" figure. To improve AIDA Inverted Triangle sometimes it's
recommend to split AIDA formula into two pair of promotional steps: 1) Attention +
Interest 2) Desire + Action
5. USP
The USP Unique Selling Proposition (also Unique Selling Point) is a marketing
concept that was first proposed as a theory to explain a pattern among successful
advertising campaigns of the early 1940s. It states that such campaigns made unique
propositions to the customer and that this convinced them to switch brands. The term was
invented by Rosser Reeves of Ted Bates & Company. Today the term is used in other
fields or just casually to refer to any aspect of an object that differentiates it from
similar objects.
Today, a number of businesses and corporations currently use USPs as a basis for their
marketing campaigns.
Definition
In Reality in Advertising (Reeves 1961, pp. 46–48) Reeves laments that the U.S.P. is
widely misunderstood and gives a precise definition in three parts:
1. Each advertisement must make a proposition to the consumer. Not just words, not
just product puffery, not just show-window advertising. Each advertisement must
say to each reader: "Buy this product, and you will get this specific benefit."
2. The proposition must be one that the competition either cannot, or does not, offer.
It must be unique—either a uniqueness of the brand or a claim not otherwise
made in that particular field of advertising.
3. The proposition must be so strong that it can move the mass millions, i.e., pull
over new customers to your product.
Examples
Head & Shoulders: "You get rid of dandruff"
Olay: "You get younger-looking skin"
Some unique propositions that were pioneers when they were introduced:
Domino's Pizza: "You get fresh, hot pizza delivered to your door in 30 minutes or
less -- or it's free."
FedEx: "When your package absolutely, positively has to get there overnight"
M&M's: "The milk chocolate melts in your mouth, not in your hand"
6. VOCABULARY
MARKETING
It is the process by which companies determine what products or services may
be of interest to customers, and the strategy to use in sales, communications and
business development.
ADVERTISING
The promotion through public announcements in newspapers, TV, radio or the
Internet, in order to attract or increase interest in it.
BRAND
A type of product made by a particular company
TO LAUNCH
To introduce a new product, with advertising and publicity.
CONSUMER
A person who buys goods or services
MARKET RESEARCH
The collecting and processing of information about customers -how they feel
about a product and why they will or will not use a product or service.
BRAND IDENTITY
How a company wants the customer to see its product. The company may want
the customer to see the product as a luxury item or perhaps a cheaper item
PUBLIC RELATIONS
Creating and maintaining a good image with your customers and the public.
CAMPAIGN
A planned and organized series of actions intended to promote a product or
service.
TO POSITION
To affect the way a product is presented to the public and how people think
about that product
MARKETING MIX
It refers to the primary elements that must be attended to in order to properly
market a product or service. It is composed of:
1. Product
2. Place
3. Price
4. Promotion
CONSUMER-SIDE MARKETING
It is a new marketing concept which rewrites the 4 p's from a consumer point of
view. It is composed of:
1. Customer value (product)
2. Cost to the customer (prize)
3. Convenience for the buyer (place)
4. Communication (Promotion)
TARGETING
It is the process of knowing who is your product or service addressed to.
VALUE PROPOSITION (USP)
It is the unique selling proposition: what makes your product or service better
than the others in the same range. What makes you different from the
competition
SEGMENTATION
To divide a market by a strategy directed at gaining a major portion of sales to a
subgroup in a category, rather than a more limited share of purchases by all
category users.
The most common segments are:
age, gender, income, education, location, marital status, culture.
MARKET SHARE
It is the percentage or proportion of the total available market or market
segment that is being serviced by a company
7. TREASURE HUNT ON MARKETING (PRACTICE)
Marketing
PRACTICE
Links:
Marketing in wikipedia
SWOT in wikipedia
AIDA in wikipedia
USP in wikipedia
PP on SWOT
Video about AIDA
Learnmarketing.net
TV spots
Funny Tv spots
QUESTIONS:
1. What is the meaning of the words you don’t know?
2. What is social marketing?
3. What is the Marketing mix?
4. What is a S.W.O.T analysis?
5. Choose a product, service or company and give
examples for a SWOT analysis.
6. What does the AIDA formula mean?
7. Choose a TV spot and analyze its AIDA formula.
8. Define the USP of a product or service. What is the
USP of the product advertised in the spot you chose?
1.
Marketing is the process by which companies
determine what products or services may be of
interest to customers, and the strategy to use in
sales, communications and business
development.[1] It is an integrated process
through which companies create value for
customers and build strong customer
relationships in order to capture value from
customers in return.[1]
Marketing is defined by the American
Marketing Association (AMA) as "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."[3] The term developed from the
original meaning which referred literally to
going to a market to buy or sell goods or
services. Seen from a systems point of view,
sales process engineering views marketing as
"a set of processes that are interconnected and
interdependent with other functions,[4] whose
methods can be improved using a variety of
relatively new approaches."
The Chartered Institute of Marketing defines
marketing as "the management process
responsible for identifying, anticipating and
satisfying customer requirements
profitably."[5] A different concept is the
value-based marketing which states the role of
marketing to contribute to increasing
shareholder value.[6] In this context,
marketing is defined as "the management
process that seeks to maximise returns to
shareholders by developing relationships with
valued customers and creating a competitive
advantage."[6]
8. FINAL TASK: PROMOTING BARCELONA
MARKETING RESEARCH AND AD
PRESENTATION
CONTEXT: You have to launch a campaign promoting Barcelona, the final result of
your work is a poster ad or TV spot to promote Barcelona.
1. Carry out a Marketing Research: make a questionnaire with 10 questions and
interview 10 foreigners.
2. Write a report about your research:
PROMOTING BARCELONA
1. INTRODUCTION.
Presentation of the project, summary and justification of contents.
2. SURVEY
2.1. Model of questionnaire.
2.2. Results and explanation. (pie charts)
2.3. Conclusions.
3. AD PRESENTATION.
3.1. The 4 p’s about Barcelona.
3.2. SWOT ANALYSIS on Barcelona (taking into account the survey)
3.3. AIDA and USP (ad presentation)
4. CONCLUSION
Summary and reflection about the process of your work.
3. Design a poster or produce a TV spot to promote Barcelona based on your
analysis.
4. Make a Power Point presentation and deliver it in class.
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