Marketing

If you’re involved in any type of email marketing, you’ve surely heard about the new buzz. . .video email marketing. If this intrigues you and you want to get started with this in your marketing mix, follow the next few tips before you get started.

1. As with anything, start small and experiment. Video email is a very powerful tool. It can show what your products have to offer, help instill trust in customers through video testimonials, and give your email list recipients a total look at what you have to offer. However, start out slowly. Do a short small video to test the waters. Make it something compelling, but not overly-ambitious. Your goal is to start with a video that is inexpensive and works well and that you can create with your own digital camera or Web cam. Once you have an established audience and they’re paying attention, you can pay a little more for highter quality.

2. Going along with those same lines, keep your video short. Keep in mind that, although video email marketing is interesting, the people you are sending it to do not have a lot of time. Try to keep your video in between 30 seconds and 1 minute and keep it as an intro to something better that’s to come in your email.

3. Don’t forget about your email layout and text.
In all the excitement of this new medium, it’s understandable that you will focus on your video. But remember that your email still needs links, images and good, compelling text. Although your open rates may increase when you use video email, not everyone will watch it. For this reason, use the video as an enhancement. . .not the whole purpose of the email. That meat should still be in the text.

Marketing Concepts

 *Dr.P.Shanmukha Rao  **Dr.N.V.S.Suryanarayana

Market:  The concepts of exchange and relationships lead to the concept of a market.  A market is the set of actual and potential buyers of a product.  These buyers share a particular need or want that can be satisfied through exchange relationships.

Marketing means managing markets to bring about profitable customer relationships. However, creating these relationships takes work.  Sellers must search for buyers, identify must first create a need-satisfying marketing offer (product). It must decide how much it will charge for the offer (price) and how it will make the offer available target consumers (place).  Finally, it must communicate with the target customers about the offer and persuade them of its merits (promotion).

 

Marketing: Marketing is the business function that identifies customer needs and wants.

Creating customer value and satisfaction are the heart of modern marketing thinking and practice. Marketing is the delivery of customer satisfaction at a profit.

 

Many people think of marketing only as selling & advertising. But selling & advertising are only the tip of marketing. Marketing means managing markets to bring about exchanges and relationships for the purpose of creating value and satisfying needs & wants.

 

Today, marketing must be understood not in the old sense of making a sale – ‘’telling and selling” – but in the new sense of satisfying customer needs.  If the marketer does a good job of understanding consumer needs; develops products that provide superior value; and prices, distributes, and promotes them effectively, these products will sell very easily.  Thus, selling and advertising are only part of a larger ‘’marketing mix” – a set of marketing tools that work together to satisfy customer needs and build customer relationships.

 

 

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Marketing plans are extremely important for both organizing the internal activity of an organization and for representing it in front of external representatives such as investors. Marketing plans can facilitate the understanding of a company’s approach of the market, customers, and competitors. They can therefore motivate employees to perform better or encourage venture capitalist to contribute to provide financial support to a company with a clear sense of direction for growth. While there are different ways in which marketing plans can positively impact the overall performance of an organization, there is no doubt that when designed and implemented correctly, they always have a positive that impact.

The ancient Greek aphorism ‘Know thyself ‘ applies not only to human beings but also to companies. A proof for this comes from the fact that marketing plans usually start to be prepared before the company or the product they are prepared for comes to existence.

Marketing plans’ role is decisive in the beginning since it is always better to assess the market and its needs before investing too much in terms of efforts and resources.

If a company will ever end up with the conclusion that its product or service will not be a success, it is always preferable to get to that finding earlier than later in the process. Furthermore, while investors are happy to support an enthusiastic entrepreneur and its innovative ideas, not being able to transpose the enthusiasm into a well-structured, realistic plan, can represent the cut back that will make the difference between a successful or a failed negotiation.

The ‘know thyself’ principle is also reflected in the fact that companies possessing good knowledge about the strengths they posses and the opportunities existent on the market, can adopt a proactive strategy that allows them to become leaders of the market, to become the exclusive providers for a niche market, or at least to increase their profitability.

The process of marketing involves four principal stages that follow each other: planning, executing, tracking and measuring. All four of them are critical parts of a thriving marketing process and none of them should be overlooked by the management of a company.

A great marketing plan represents a base for other three marketing activities such as marketing execution, tracking and measuring the results of its implementation. After creating a great plan which is meant to guide entrepreneurs in their marketing activities and which contains as many details as possible, marketing execution is the following step.

Although the plan serves as a means of maintaining consistency in completing marketing activities and it is the very first step and should not be neglected. Marketing execution is the key to the successful accomplishment of marketing activities.

During marketing execution, it is important to meet the plan and execute each activity as it was planned. The effectiveness of marketing execution lies in taking advantage of every real opportunity and right time management.

Marketing execution is extremely crucial but serves no purpose if the plan was not made appropriately. If the planning process is in disorder, marketing execution, no matter how superb, will not help to achieve positive business results.

Marketing execution should never be underestimated. It is not only about proper tactical approach like some managers might think. Marketing execution is a discipline and a multi-factorial system and therefore has to be integrated into a firm’s strategy, aims and culture.

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