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ETHICS IN MARKETING TALKING POINTS BASED ON EXPERIENCES AND RELEVANT INFORMATION IN MARKETING FOR 2011

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ETHICS IN MARKETING

TALKING POINTS BASED ON EXPERIENCES AND RELEVANT INFORMATION IN MARKETING FOR

2011

Ethics...

One day, I and my co-workers met

a Tok Neneng Vendor...

Ethics...

He was directly outside the office entrance selling food

without permission...

Ethics...

Since he pleaded with us, we decided to let him stay but only during morning and afternoon

break time...

Ethics...

We learned that selling this street food was his only

livelihood. He married early and had a family of seven kids to

feed...

Ethics...

We were particularly fond of Tok Neneng more than fish balls, the only alternative...

Ethics...

He sold Tok Neneng at Php 2 per piece (5 pcs. For Php 10)

Ethics...

At the end of the day, he only had enough money to buy the next day's products and some rice plus canned goods for his

wife and seven children.

Ethics...

He admitted to us that he did not finish his education and

found this line of work better than quick-cash actions like

snatching, stealing and swindling. These things he did

not stomach.

Ethics...

Being sorry for the man we decided to help him out by the

only way we knew how...

Ethics...

By marketing his services...

Ethics...

Unknown to the vendor, we “plotted”, learning his business.

Ethics...

We found out the key following: 1. He bought more oil than food

2. He bought all his ingredients fresh daily.

3. Preparing the food was a family affair.

4. He had running water at home.

5. By the way he organized his wares, we gathered he and his family were “masinop”.

6. He was selling lower than other vendors since he thought people will buy more.

7. He poped-in unannounced wherever he went.

Ethics...

One day during the break, we sat him down inside the office...

Ethics...

At first he thought of running away because something might have happened to one of the

employees but decided to stay anyway...

Ethics...

Reluctantly, he listened to what we had to say.

Ethics...

This what we told him: That he paste on the side of his cart a

piece of paper we printed and laminated for him and made sure that he complied with what was on that piece of paper for one month or else, he will not sell to us

anymore...

Ethics...

At this point we informed him all of us are taking a risk. He, complying with what was on the piece of paper and we,

letting him sell.

Ethics...

It was an arrangement that if went according to plan would benefit all of us, we by helping out and he by improving his

life.

Ethics...

He complied and after a month we saw that there were more

customers buying from his stall...

Ethics...

He complied and after a month we saw that all the brand's

labels of his ingredients were pealed off and stuck on a tiny

nail. The brands changed depending on supply

availability.

Ethics...

He complied and after a month more people bought Tok Neneng at 4 pieces each instead of 1 or 2 or 3.

Ethics...

He complied and after a month and a half, people bought

gulaman, siomai, squid balls and chicken balls.

Ethics...

He complied and after two months late comers found that his supply had run out and that

we saw him less daily.

Ethics...

He complied and after three months we only saw him every

morning...

Ethics...

He complied and after four months we no longer saw him...

Ethics...

That Christmas, we found another guy doing exactly what what we told the first one. The new guy said everything on the

“menu” was “FREE!”

Ethics...

We thought, What?! We never taught that before? What does

he want to do, go out of business after all the good

things he had done? Where did we go wrong?

Ethics...

Much to our relief and delight, the new guy said that it was a gift from our friend, as a thank you for our help. He was busy “visiting” a new area where he

starts first and then lets his friends take over for a cut of

their profits.

Ethics...

He thinks that it was his 20th area of opportunity...

Ethics...

That Christmas was a very interesting Christmas indeed.

Ethics...

The information we gave him that day on the laminated piece of paper read:

1. All items masarap! Fresh araw-araw!

2. Malinis, may tubig kami

3. Change oil daily

4. Tok Neneg, 4 for Php 10

5. Fish balls, Php 1 isa, 11 for Php 10

6. Gawa ng pamilya ko para sa inyo, hanapin lang ang kart na kulay blu

7. Pwede mag-iskedyul 8. May management approval

THE MARKETING BUSINESS

ANYONE WHO DOES ANYTHING FOR A PROFIT IS IN THE MARKETING BUSINESS

WHAT IS MARKETING?

IT IS EVERYTHING YOU DO TO PROMOTE A BUSINESS, IT IS A PROCESS OF CREATING A CIRCLE OF REPEAT AND REFERAL CUSTOMERS

COMPARATIVE ANALYSIS

ETHICAL MARKETING

INVESTMENT COMPRISING OF TIME, IMAGINATION AND KNOWLEDGE WITH CUSTOMER

BENEFITS IN MIND

VS. TRADITIONAL MARKETING

MONEY FIRST AS MAIN FORM OF INVESTMENT WITH WHAT TO TAKE FROM THE CUSTOMER IN

MIND

COMPARATIVE ANALYSIS

ETHICAL MARKETING

IDENTIFIES HONESTY IN THE MARKETING PROCESS

VS. TRADITIONAL MARKETING

MARKETING PROCESS SHROUDED IN MYSTERY

COMPARATIVE ANALYSIS

ETHICAL MARKETING

DESIGNED FOR SMALL BUSINESSES WITH TIGHT BUDGETS

VS. TRADITIONAL MARKETING

CUSTOM MADE FOR BIG COMPANIES WITH BIG BUDGETS

COMPARATIVE ANALYSIS

ETHICAL MARKETING

LONG TERM PROFITS MEASURE MORE THAN SHORT TERM SALES

VS. TRADITIONAL MARKETING

IMMEDIATE SALES MEASURING MORE THAN LONG TERM PROFITS

COMPARATIVE ANALYSIS

ETHICAL MARKETING

BASED ON JUDGEMENT, PSYCHOLOGY AND LAWS OF HUMAN BEHAVIOR

VS. TRADITIONAL MARKETING

BASED ON PURELY THE BOTTOM LINE

COMPARATIVE ANALYSIS

ETHICAL MARKETING

MAINTAINS FOCUS INSTEAD OF DIVERSITY

VS. TRADITIONAL MARKETING

EXPAND, DIVERSIFY, CHANGE FOCUS REGULARLY

COMPARATIVE ANALYSIS

ETHICAL MARKETING

ENLARGE CUSTOMER BASE, SET MORE TRANSACTIONS ANNUALLY, TAP OWN CUSTOMER'S REFERALS AND ADD CUSTOMERS ONE AT A TIME

VS. TRADITIONAL MARKETING

GROW BUSINESS ONE CUSTOMER AT A TIME

COMPARATIVE ANALYSIS

ETHICAL MARKETING

MARKETERS FOLLOW UP AFTER THE SALE WAS MADE

VS. TRADITIONAL MARKETING

CUSTOMER INTERACTION USUALLY ENDS WITH THE SALE

COMPARATIVE ANALYSIS

ETHICAL MARKETING

LOOK FOR OTHERS TO COOPERATE WITH

VS. TRADITIONAL MARKETING

LOOK FOR OTHERS TO OVERCOME

COMPARATIVE ANALYSIS

ETHICAL MARKETING

“YOU” THE CUSTOMER, FIRST ON MARKETER'S MIND

VS. TRADITIONAL MARKETING

“I” THE BUSINESS FIRST BEFORE THE CUSTOMER

COMPARATIVE ANALYSIS

ETHICAL MARKETING

CONSIDERS WHAT THE MARKETER CAN GIVE BEFORE ASKING WHAT THE MARKETER CAN PROFIT FROM

VS. TRADITIONAL MARKETING

WHAT THE MARKETER CAN TAKE FROM THE CUSTOMER

COMPARATIVE ANALYSIS

ETHICAL MARKETING

MARKETING COMBINATIONS WORK!

VS. TRADITIONAL MARKETING

SINGLE ADVERTISING MEDIUM WORKS!

COMPARATIVE ANALYSIS

ETHICAL MARKETING

NURTURE CUSTOMER RELATIONSHIPS

VS. TRADITIONAL MARKETING

PURE BUSINESS RELATIONSHIP

COMPARATIVE ANALYSIS

ETHICAL MARKETING

EMBRACE TECHNOLOGY

VS. TRADITIONAL MARKETING

SHY AWAY FROM TECHNOLOGY

COMPARATIVE ANALYSIS

ETHICAL MARKETING

FIT INTO CUSTOMER SHOES TO GROW

VS. TRADITIONAL MARKETING

GETS BIG TO STAY BIG

COMPARATIVE ANALYSIS

ETHICAL MARKETING

HAS AN OBLIGATION TO SHOW RESPECT AND KNOWS EVERY DETAIL MATTERS TO CUSTOMERS

VS. TRADITIONAL MARKETING

EVERY SALE FROM THE CUSTOMER MATTERS

COMPARATIVE ANALYSIS

ETHICAL MARKETING

FIRST GAIN A PERSON'S CONSENT THROUGH INFORMATION

VS. TRADITIONAL MARKETING

IN YOUR FACE STRAIGHT SELL

COMPARATIVE ANALYSIS

ETHICAL MARKETING

CHRISHES DIALOGUE

VS. TRADITIONAL MARKETING

PREFER A MONOLOGUE

COMPARATIVE ANALYSIS

ETHICAL MARKETING

IDENTIFIES MANY MARKETING TOOLS

VS. TRADITIONAL MARKETING

KNOWS ONLY A FEW MASS-MEDIA

What is a link?

It is the state of being connected.

It is the means of connection between things linked in series.