During the pandemic, with "people" one of the 9P's of Marketing, or potential buyers and consumers of beer have been purchasing their alcohol at grocery stores and box stores. Not at bars, since they are closed. More brands that they trust. Fewer craft beers. What is interesting is that these buyers are purchasing 24- and 30- packs. Why? Fewer stops and purchases.
Planning starts with researching and research. With the Coronavirus we have seen distribution and inventory issues.
This element of planning in the nine P's is a method for achieving an end, and, looking at the eight other parts; your insights can start a detailed formulation of a program of action. I like using a phrase Benjamin Franklin supposedly once said:“If you fail to plan, you are planning to fail.”
Look at developing and transforming marketing objectives into marketing strategies to tactics.
Marketing management and managers must make basic decisions on marketing targets (“People”), marketing mix, pricing, distribution, marketing budgets/expenditures and marketing allocations.
Review dividing the total marketing budget among the various tools in the marketing mix and for the various products, channels, promotion, media and sales areas. And there's more under the other 9Ps of Marketing
People
"People" or targeting has almost always been left out of the traditional "Marketing Mix," almost every diagram includes the four P's with Product, Promotion, Place and Price.
Place "consumer" or "People" or "potential buyers" in the middle of a circle. Find information or data on them. Add the other components in the nine P's. In Marketing, from my education, training, research and analysis plus testimony, there needs to be greater focus on the buyer, "customer," or "People," in both planning ad implementation.
Look and analyze your potential, new, existing and repeat customers and users.
To understand your "People" or your market segments, you may need to utilize many characteristics, including:
Demographics (such as age, family size, family life cycle, gender, income, occupation, education, religion, race, generation, nationality, social class (is also sometimes put under psychographics.)
Geographics (By region, city, metro size, density, climate; plus, by countries and territories.)
Psychographics (Social class--Lower lowers to Upper uppers. Social class is also under demographics; Lifestyle-- achievers, strivers, and strugglers; Personality-- Compulsive, gregarious, authoritarian, and ambitious; Lifestyles/Attitudes/Interests and Opinions)
Behavioral (Occasions (regular occasions, special occasions, holidays, vacations); Orange juice for breakfast, Mother’s Day, Father’s Day; Benefits (quality, service, economy, convenience, speed---Quality, Time, Money); User status (nonuser, ex-user, potential user, first-time user, regular user); Usage rate (light, medium, heavy user); Loyalty status (none, medium, strong, absolute); Readiness attitude toward product (aware, interest, desire, intending to buy); Attitude toward product (enthusiastic, positive, indifferent, negative, hostile).
Technographics or technographical characteristics. Understand your potential consumer. Remember, in the back of your mind, that the reason technology is phenomenal is because it displaces years, or centuries, of previous technology. Consumers may or may not have the skills. Think employees here too. The reason technology skills are transitory is because they will almost certainly be displaced, too. Think employees here too, which may be a vital component or components of the 9P's of Marketing.
Once a target market is chosen, the organization can develop its marketing strategies to target a market segment or marketing segments.
Simply it's about Segmentation and Targeting. Add Positioning and you have STP, as a major first or second step, which may need for your firm to do more research and planning. .
Product and Services:
It's a product (service) is anything that can be offered to a market for attention, acquisition, use or consumption that might satisfy a want or need.
It's the goods and service combination the firm offers to the target market, including variety of product mix, features, branding, designs, packaging, sizes, services, maintenance contracts, warranties and return policies.
Place (Distribution):
Consider, develop and review store and non-store options, e-commerce and “brick and mortar” factors, geographic considerations, objectives, strategies and tactics, including with your “Partners, too.”
It's your offering of the right product at the right PLACE or location, at the right time, at the right price. It's the company’s activities that make the product available, using distribution and trade channels, roles, coverage, assortments, locations, inventory and transportation characteristics and alternatives.
Price or Pricing:
Simply it's the amount of money a consumer is willing to pay to obtain the product. But "price" is so much more. “Pricing” is the sum of the values that customers exchange for the benefits of having or using the product or service.
Pricing decision making involves adjusting prices concerning the competitive environment, economic situations and involve buyer perceptions. Simply, all aspects regarding pricing.
Pricing or "Price" also includes wholesale/retail/promotional prices, discounts, trade-in allowances, quantity discounts, credit terms, sales and payment periods and credit terms.
Promotion:
I teach and consult that there are eight (8) major, strategic components or communication elements which are personal and non-personal communication activities, under "promotion."
The activities that communicate the merits of the overall product include:
Personal Selling/ Sales Force: Sales persons. Your sales force.
Helpful consulting tip or hint: Listen more than you talk. People who listen more, learn more, plus helps you position your service/product/solution or offering.
From the legendary movie Glengarry Glen Ross of '92: “A-B-C. A-Always, B-Be, C-Closing. Always be closing.”
Advertising is paid media. There's an expression "It is only creative if the product or service sells." I wanted to add "It is only good media spending if it sells." People used to plan their lives around TV, now they plan television around their lives.
Sales Promotion
Collateral Materials
Direct Marketing (also referred to as Action or Direct Response Advertising)
Interactive/Internet/Web, Digital Media, Social Media:
Events and Experiences
Public Relations/PR
What some strategic questions under Promotion?
What should your company promote? Strategic copy points, for your product or service.
Evaluate the eight different elements under Promotion and your brand's practices. Ask is there a better way? A different promotional mix. There has to be a better way.
What are your costs in dollars and manpower or person power? Ask "Is there a different way or ways to budget, your promotional dollars?"
Look at different strategic partners? Their costs?
To whom should you target and promote? Under "People/"Targeting, target market, audience with media falls here. Have you noticed that you may watch what you want to watch in TV programming when you want to watch it and anywhere, any screen? That affects media planning.
You can differentiate with price. Discounting? Special sales? What economic and discount levels should you offer? Look at revenue versus costs.
What form or combination of promotion should you offer? Features?
How frequent? Add media planning concern.
Partners:
Working with others and organizations which take part in an undertaking with another or others, in a business or company with shared risks and profits. Also referred to as Alliances.
With "Partners" and your Marketing efforts, it is vitally important to partner and align with firms that have similar corporate philosophies. Simple but complex and difficult, have agreed upon objectives and strategies.
Presentation:
Be sure to look for "real” product and service experiences.
This "P" helps you enable consumers and “allowing” them to feel the brand. As part of "presentation," I also place “events and experiences” under Promotion.
While traditional marketing is based on target audience impressions/ views/ clicks/ exposure, experimental marketing involves engaging with your potential consumers.
Passion:
This "P" are those intense, driving or overmastering feelings, emotions in the planning, developing, implementing and executions of pricing, promoting, partnering, selling and overall marketing of products or services.
Planning starts with researching and research. With the Coronavirus we have seen distribution and inventory issues.
This element of planning in the nine P's is a method for achieving an end, and, looking at the eight other parts; your insights can start a detailed formulation of a program of action. I like using a phrase Benjamin Franklin supposedly once said:“If you fail to plan, you are planning to fail.”
Look at developing and transforming marketing objectives into marketing strategies to tactics.
Marketing management and managers must make basic decisions on marketing targets (“People”), marketing mix, pricing, distribution, marketing budgets/expenditures and marketing allocations.
Review dividing the total marketing budget among the various tools in the marketing mix and for the various products, channels, promotion, media and sales areas. And there's more under the other 9Ps of Marketing
People
"People" or targeting has almost always been left out of the traditional "Marketing Mix," almost every diagram includes the four P's with Product, Promotion, Place and Price.
Place "consumer" or "People" or "potential buyers" in the middle of a circle. Find information or data on them. Add the other components in the nine P's. In Marketing, from my education, training, research and analysis plus testimony, there needs to be greater focus on the buyer, "customer," or "People," in both planning ad implementation.
Look and analyze your potential, new, existing and repeat customers and users.
To understand your "People" or your market segments, you may need to utilize many characteristics, including:
Demographics (such as age, family size, family life cycle, gender, income, occupation, education, religion, race, generation, nationality, social class (is also sometimes put under psychographics.)
Geographics (By region, city, metro size, density, climate; plus, by countries and territories.)
Psychographics (Social class--Lower lowers to Upper uppers. Social class is also under demographics; Lifestyle-- achievers, strivers, and strugglers; Personality-- Compulsive, gregarious, authoritarian, and ambitious; Lifestyles/Attitudes/Interests and Opinions)
Behavioral (Occasions (regular occasions, special occasions, holidays, vacations); Orange juice for breakfast, Mother’s Day, Father’s Day; Benefits (quality, service, economy, convenience, speed---Quality, Time, Money); User status (nonuser, ex-user, potential user, first-time user, regular user); Usage rate (light, medium, heavy user); Loyalty status (none, medium, strong, absolute); Readiness attitude toward product (aware, interest, desire, intending to buy); Attitude toward product (enthusiastic, positive, indifferent, negative, hostile).
Technographics or technographical characteristics. Understand your potential consumer. Remember, in the back of your mind, that the reason technology is phenomenal is because it displaces years, or centuries, of previous technology. Consumers may or may not have the skills. Think employees here too. The reason technology skills are transitory is because they will almost certainly be displaced, too. Think employees here too, which may be a vital component or components of the 9P's of Marketing.
Once a target market is chosen, the organization can develop its marketing strategies to target a market segment or marketing segments.
Simply it's about Segmentation and Targeting. Add Positioning and you have STP, as a major first or second step, which may need for your firm to do more research and planning. .
Product and Services:
It's a product (service) is anything that can be offered to a market for attention, acquisition, use or consumption that might satisfy a want or need.
It's the goods and service combination the firm offers to the target market, including variety of product mix, features, branding, designs, packaging, sizes, services, maintenance contracts, warranties and return policies.
Place (Distribution):
Plenty of ways to see a movie...in a theatre, on the web?
Consider, develop and review store and non-store options, e-commerce and “brick and mortar” factors, geographic considerations, objectives, strategies and tactics, including with your “Partners, too.”
It's your offering of the right product at the right PLACE or location, at the right time, at the right price. It's the company’s activities that make the product available, using distribution and trade channels, roles, coverage, assortments, locations, inventory and transportation characteristics and alternatives.
Price or Pricing:
Simply it's the amount of money a consumer is willing to pay to obtain the product. But "price" is so much more. “Pricing” is the sum of the values that customers exchange for the benefits of having or using the product or service.
Pricing decision making involves adjusting prices concerning the competitive environment, economic situations and involve buyer perceptions. Simply, all aspects regarding pricing.
Pricing or "Price" also includes wholesale/retail/promotional prices, discounts, trade-in allowances, quantity discounts, credit terms, sales and payment periods and credit terms.
Promotion:
I teach and consult that there are eight (8) major, strategic components or communication elements which are personal and non-personal communication activities, under "promotion."
The activities that communicate the merits of the overall product include:
Personal Selling/ Sales Force: Sales persons. Your sales force.
Helpful consulting tip or hint: Listen more than you talk. People who listen more, learn more, plus helps you position your service/product/solution or offering.
From the legendary movie Glengarry Glen Ross of '92: “A-B-C. A-Always, B-Be, C-Closing. Always be closing.”
Advertising is paid media. There's an expression "It is only creative if the product or service sells." I wanted to add "It is only good media spending if it sells." People used to plan their lives around TV, now they plan television around their lives.
Sales Promotion
Collateral Materials
Direct Marketing (also referred to as Action or Direct Response Advertising)
Interactive/Internet/Web, Digital Media, Social Media:
Events and Experiences
Public Relations/PR
What some strategic questions under Promotion?
What should your company promote? Strategic copy points, for your product or service.
Evaluate the eight different elements under Promotion and your brand's practices. Ask is there a better way? A different promotional mix. There has to be a better way.
What are your costs in dollars and manpower or person power? Ask "Is there a different way or ways to budget, your promotional dollars?"
Look at different strategic partners? Their costs?
To whom should you target and promote? Under "People/"Targeting, target market, audience with media falls here. Have you noticed that you may watch what you want to watch in TV programming when you want to watch it and anywhere, any screen? That affects media planning.
You can differentiate with price. Discounting? Special sales? What economic and discount levels should you offer? Look at revenue versus costs.
What form or combination of promotion should you offer? Features?
How frequent? Add media planning concern.
Partners:
Working with others and organizations which take part in an undertaking with another or others, in a business or company with shared risks and profits. Also referred to as Alliances.
With "Partners" and your Marketing efforts, it is vitally important to partner and align with firms that have similar corporate philosophies. Simple but complex and difficult, have agreed upon objectives and strategies.
Presentation:
Be sure to look for "real” product and service experiences.
This "P" helps you enable consumers and “allowing” them to feel the brand. As part of "presentation," I also place “events and experiences” under Promotion.
While traditional marketing is based on target audience impressions/ views/ clicks/ exposure, experimental marketing involves engaging with your potential consumers.
Passion:
This "P" are those intense, driving or overmastering feelings, emotions in the planning, developing, implementing and executions of pricing, promoting, partnering, selling and overall marketing of products or services.
Over the years, General Electric or GE has changed its corporate strategies. GE's origins were as an electric generating company and maker of electrical appliances . As one of the country's largest and oldest companies there was always a link to consumers or "People" under my 9P's. General Electric or GE was in in the manufacturing business of televisions,refrigerators, microwaves, toasters, and small and large appliances. For many "people," the name General Electric or just GE brings to mind the company's promotional slogan of “We Bring Good Things to Life." GE has shifted to making heavy equipment or its B2B business is now power turbines, aircraft engines and hospital machines. GE has sold its light bulb business to Savant Systems, which sells home automation systems and technology. GE has gone from partly B2C and B2B to B2B, which has ramifications in analyzing the 9P's of Marketing, including "People," "Presentation," "partners," Place" and "Product."
Planning starts with researching and research. With the Coronavirus we have seen distribution and inventory issues.
This element of planning in the nine P's is a method for achieving an end, and, looking at the eight other parts; your insights can start a detailed formulation of a program of action. I like using a phrase Benjamin Franklin supposedly once said:“If you fail to plan, you are planning to fail.”
Look at developing and transforming marketing objectives into marketing strategies to tactics.
Marketing management and managers must make basic decisions on marketing targets (“People”), marketing mix, pricing, distribution, marketing budgets/expenditures and marketing allocations.
Review dividing the total marketing budget among the various tools in the marketing mix and for the various products, channels, promotion, media and sales areas. And there's more under the other 9Ps of Marketing
People
"People" or targeting has almost always been left out of the traditional "Marketing Mix," almost every diagram includes the four P's with Product, Promotion, Place and Price.
Place "consumer" or "People" or "potential buyers" in the middle of a circle. Find information or data on them. Add the other components in the nine P's. In Marketing, from my education, training, research and analysis plus testimony, there needs to be greater focus on the buyer, "customer," or "People," in both planning ad implementation.
Look and analyze your potential, new, existing and repeat customers and users.
To understand your "People" or your market segments, you may need to utilize many characteristics, including:
Demographics (such as age, family size, family life cycle, gender, income, occupation, education, religion, race, generation, nationality, social class (is also sometimes put under psychographics.)
Geographics (By region, city, metro size, density, climate; plus, by countries and territories.)
Psychographics (Social class--Lower lowers to Upper uppers. Social class is also under demographics; Lifestyle-- achievers, strivers, and strugglers; Personality-- Compulsive, gregarious, authoritarian, and ambitious; Lifestyles/Attitudes/Interests and Opinions)
Behavioral (Occasions (regular occasions, special occasions, holidays, vacations); Orange juice for breakfast, Mother’s Day, Father’s Day; Benefits (quality, service, economy, convenience, speed---Quality, Time, Money); User status (nonuser, ex-user, potential user, first-time user, regular user); Usage rate (light, medium, heavy user); Loyalty status (none, medium, strong, absolute); Readiness attitude toward product (aware, interest, desire, intending to buy); Attitude toward product (enthusiastic, positive, indifferent, negative, hostile).
Technographics or technographical characteristics. Understand your potential consumer. Remember, in the back of your mind, that the reason technology is phenomenal is because it displaces years, or centuries, of previous technology. Consumers may or may not have the skills. Think employees here too. The reason technology skills are transitory is because they will almost certainly be displaced, too. Think employees here too, which may be a vital component or components of the 9P's of Marketing.
Once a target market is chosen, the organization can develop its marketing strategies to target a market segment or marketing segments.
Simply it's about Segmentation and Targeting. Add Positioning and you have STP, as a major first or second step, which may need for your firm to do more research and planning. .
Product and Services:
It's a product (service) is anything that can be offered to a market for attention, acquisition, use or consumption that might satisfy a want or need.
It's the goods and service combination the firm offers to the target market, including variety of product mix, features, branding, designs, packaging, sizes, services, maintenance contracts, warranties and return policies.
Place (Distribution):
Consider, develop and review store and non-store options, e-commerce and “brick and mortar” factors, geographic considerations, objectives, strategies and tactics, including with your “Partners, too.”
It's your offering of the right product at the right PLACE or location, at the right time, at the right price. It's the company’s activities that make the product available, using distribution and trade channels, roles, coverage, assortments, locations, inventory and transportation characteristics and alternatives.
Price or Pricing:
Simply it's the amount of money a consumer is willing to pay to obtain the product. But "price" is so much more. “Pricing” is the sum of the values that customers exchange for the benefits of having or using the product or service.
Pricing decision making involves adjusting prices concerning the competitive environment, economic situations and involve buyer perceptions. Simply, all aspects regarding pricing.
Pricing or "Price" also includes wholesale/retail/promotional prices, discounts, trade-in allowances, quantity discounts, credit terms, sales and payment periods and credit terms.
Promotion:
I teach and consult that there are eight (8) major, strategic components or communication elements which are personal and non-personal communication activities, under "promotion."
The activities that communicate the merits of the overall product include:
Personal Selling/ Sales Force: Sales persons. Your sales force.
Helpful consulting tip or hint: Listen more than you talk. People who listen more, learn more, plus helps you position your service/product/solution or offering.
From the legendary movie Glengarry Glen Ross of '92: “A-B-C. A-Always, B-Be, C-Closing. Always be closing.”
Advertising is paid media. There's an expression "It is only creative if the product or service sells." I wanted to add "It is only good media spending if it sells." People used to plan their lives around TV, now they plan television around their lives.
Sales Promotion
Collateral Materials
Direct Marketing (also referred to as Action or Direct Response Advertising)
Interactive/Internet/Web, Digital Media, Social Media:
Events and Experiences
Public Relations/PR
What some strategic questions under Promotion?
What should your company promote? Strategic copy points, for your product or service.
Evaluate the eight different elements under Promotion and your brand's practices. Ask is there a better way? A different promotional mix. There has to be a better way.
What are your costs in dollars and manpower or person power? Ask "Is there a different way or ways to budget, your promotional dollars?"
Look at different strategic partners? Their costs?
To whom should you target and promote? Under "People/"Targeting, target market, audience with media falls here. Have you noticed that you may watch what you want to watch in TV programming when you want to watch it and anywhere, any screen? That affects media planning.
You can differentiate with price. Discounting? Special sales? What economic and discount levels should you offer? Look at revenue versus costs.
What form or combination of promotion should you offer? Features?
How frequent? Add media planning concern.
Partners:
Working with others and organizations which take part in an undertaking with another or others, in a business or company with shared risks and profits. Also referred to as Alliances.
With "Partners" and your Marketing efforts, it is vitally important to partner and align with firms that have similar corporate philosophies. Simple but complex and difficult, have agreed upon objectives and strategies.
Presentation:
Be sure to look for "real” product and service experiences.
This "P" helps you enable consumers and “allowing” them to feel the brand. As part of "presentation," I also place “events and experiences” under Promotion.
While traditional marketing is based on target audience impressions/ views/ clicks/ exposure, experimental marketing involves engaging with your potential consumers.
Passion:
This "P" are those intense, driving or overmastering feelings, emotions in the planning, developing, implementing and executions of pricing, promoting, partnering, selling and overall marketing of products or services.