marketing plan: how to gauge marketing performance

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MARKETING PLAN: How to Gauge Marketing Performance 19-1

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MARKETING PLAN: How to Gauge Marketing Performance. The Communication Effects “Pyramid”. Use – 5% Trial – 20% Preference – 25% Liking – 40% Knowledge – 70% Awareness – 90%. Behavioral. Affective. Cognitive. Consumer States for Two Brands. Chapter Questions. - PowerPoint PPT Presentation

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Page 1: MARKETING PLAN: How to  Gauge Marketing Performance

MARKETING PLAN:

How to

Gauge Marketing Performance

19-1

Page 2: MARKETING PLAN: How to  Gauge Marketing Performance

The Communication Effects “Pyramid”

Use – 5%

Trial – 20%

Preference – 25%

Liking – 40%

Knowledge – 70%

Awareness – 90%

Behav

ioral

Cognit

iveAffe

ctive

Page 3: MARKETING PLAN: How to  Gauge Marketing Performance

17-3

Consumer States for Two Brands

Page 4: MARKETING PLAN: How to  Gauge Marketing Performance

19-4

Chapter Questions

• What direct channels can companies use?

• How should companies do direct marketing?

• When is a sales force useful?

• How do companies manage a sales forces?

• How can salespeople improve selling, negotiating, and relationship marketing skills?

Page 5: MARKETING PLAN: How to  Gauge Marketing Performance

19-5

Direct Marketing

Channels used to reach and deliver goods and services

to customers without using market middlemen.

Page 6: MARKETING PLAN: How to  Gauge Marketing Performance

19-6

Direct Marketing Channels

Catalogues

Direct mail

Telemarketing

Web sites

Email marketing

Mobile devices

Interactive TV

Page 7: MARKETING PLAN: How to  Gauge Marketing Performance

19-7

Constructing a Direct-Mail Campaign

Establish objectives

Select target prospects

Develop offer elements

Test elements

Execute

Measure success

Page 8: MARKETING PLAN: How to  Gauge Marketing Performance

19-8

RFM Formula for Selecting Prospects

Recency

Frequency

Monetary value

Page 9: MARKETING PLAN: How to  Gauge Marketing Performance

19-9

Types of Telemarketing

• Telesales• Telecoverage• Teleprospecting• Customer service

and technical support

Page 10: MARKETING PLAN: How to  Gauge Marketing Performance

19-10

Designing a Web Site

• Context• Content

• Community• Customization

• Communication• Connection• Commerce

Page 11: MARKETING PLAN: How to  Gauge Marketing Performance

19-11

iTunes Affiliate Program

Page 12: MARKETING PLAN: How to  Gauge Marketing Performance

19-12

Sales Tasks

• Prospecting

• Targeting

• Communicating

• Selling

• Servicing

• Information gathering

• Allocating

Page 13: MARKETING PLAN: How to  Gauge Marketing Performance

19-13

Designing a Sales Force

Sales force objectives

Sales force strategy

Sales force structure

Sales force size

Compensation

Page 14: MARKETING PLAN: How to  Gauge Marketing Performance

19-14

Steps in Effective Selling

Prospecting/Qualifying

Preapproach

Approach

Presentation

Overcoming objections

Closing

Follow-up

Page 15: MARKETING PLAN: How to  Gauge Marketing Performance

19-15

Activity

Target Markets and Prospects – Direct market consists of five elements -

product, offer, medium, distribution method, and creative strategy.

– On a scale of 1 to 5 (1 being does not work, 5 being works very well) rank these pieces on these five elements. What is the group’s consensus as to which offers would works the best and why?