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Lecture Notes - Lecture 1 To 8

The document provides an overview of marketing, emphasizing its importance in creating value for customers through elements like market research, product development, branding, and advertising. It introduces Integrated Marketing Communication (IMC) as a strategy for consistent messaging across channels, and discusses digital marketing fundamentals, including various channels and campaign planning. Additionally, it covers the customer journey, persona building, and the significance of touchpoints in enhancing customer experience.

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0% found this document useful (0 votes)
9 views6 pages

Lecture Notes - Lecture 1 To 8

The document provides an overview of marketing, emphasizing its importance in creating value for customers through elements like market research, product development, branding, and advertising. It introduces Integrated Marketing Communication (IMC) as a strategy for consistent messaging across channels, and discusses digital marketing fundamentals, including various channels and campaign planning. Additionally, it covers the customer journey, persona building, and the significance of touchpoints in enhancing customer experience.

Uploaded by

ashumiikkiii
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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1. Introduction to Marketing

Marketing involves creating, communicating, and delivering value to customers. It is a critical


aspect of any business and focuses on satisfying customer needs, which in turn leads to
business success.

Key Elements of Marketing:

●​ Market Research: The process of gathering, analyzing, and interpreting data about
the market, competitors, and customers.​

○​ Types of Market Research:​

■​ Primary Research: Gathering original data through surveys,


interviews, and focus groups.​

■​ Secondary Research: Analyzing existing data from sources such as


reports, studies, and online databases.​

●​ Product Development: Creating products or services that meet the needs and
desires of customers. This process includes designing, testing, and refining products.​

●​ Branding: Establishing a unique image for a product or company in the consumer's


mind.​

●​ Advertising: Communicating the product’s features and benefits to a target audience


through various channels (TV, digital media, print).​

●​ Pricing Strategy: Setting a price that reflects the perceived value of the product,
competitive pricing, and profit margin considerations.​

●​ Distribution Channels: Ensuring the product is accessible to customers through the


right sales channels (e.g., online stores, retail outlets, etc.).​

2. Integrated Marketing Communication (IMC)

IMC is a strategic approach to marketing that seeks to unify all marketing messages and
communications so they convey a consistent, clear, and persuasive message across all
channels. This integration ensures the customer receives a seamless brand experience.

Key Principles of IMC:

●​ Consistency: The messaging across all channels (advertising, email, social media)
must be consistent to avoid confusion and ensure brand integrity.​
●​ Customer-Centric Messaging: IMC focuses on delivering messages that resonate
with the target audience’s preferences, needs, and pain points.​

●​ Multi-Channel Integration: IMC uses a variety of communication channels in an


integrated manner to ensure broader reach and engagement. Channels can include
TV, radio, digital media, print, events, and direct marketing.​

●​ Synergy: The combined effect of integrated marketing messages is greater than the
sum of individual messages from separate channels.​

●​ Feedback Loops: Collecting customer feedback from various touchpoints (social


media, customer service, etc.) to refine and optimize campaigns.​

IMC ensures that a company's message remains clear and cohesive, regardless of how the
customer interacts with the brand, whether via email, social media, or in person.

3. Digital Marketing Fundamentals and Strategies

Digital marketing is the promotion of products or brands via digital channels such as the
internet, social media, search engines, and mobile apps. It offers measurable and flexible
options to communicate with potential customers.

Scope and Comparison with Traditional Channels:

●​ Digital Marketing: Focuses on using online platforms and channels to promote


products. It includes SEO, social media marketing, email campaigns, content
marketing, PPC, and affiliate marketing.​

○​ Advantages:​

■​ Cost-effective and offers a higher ROI.​

■​ Real-time data and analytics for continuous improvement.​

■​ Ability to target specific customer segments.​

○​ Disadvantages:​

■​ High competition in digital spaces.​

■​ Requires constant monitoring and adjustment.​

●​ Traditional Marketing: Includes TV, print ads, radio, direct mail, and billboards.​
○​ Advantages:​

■​ Broad reach, especially in areas where digital penetration is low.​

■​ Established and trusted methods.​

○​ Disadvantages:​

■​ High cost and less targeting precision.​

■​ Limited measurement of campaign effectiveness.​

Goal Setting in Digital Marketing:

●​ SMART Goals: Specific, Measurable, Achievable, Relevant, Time-bound goals are


essential for tracking the success of digital marketing campaigns.​

○​ Example: Increase website traffic by 25% in the next 3 months.​

●​ Customer-Centric Goals: Goals should focus on attracting, engaging, and retaining


customers.​

○​ Example: Generate 500 new leads through social media ads within 6 months.​

Budgeting:

●​ Digital Budget Allocation: Proper budgeting ensures that resources are allocated
efficiently to achieve the desired outcomes. This includes spending on ads, content
creation, software tools, and staff.​

●​ Cost per Acquisition (CPA): Tracking how much it costs to acquire a customer
through digital ads helps in optimizing spend and evaluating ROI.​

●​ Return on Investment (ROI): The return from the campaign should exceed the
investment, which requires measuring the costs and returns from each campaign.​

Campaign Planning:

●​ Research and Strategy Development: Before launching a campaign, marketers


need to understand the target audience, their needs, and behaviors.​

●​ Execution: Setting up ads, creating content, scheduling posts, and managing the
campaign launch.​
●​ Monitoring and Optimization: Continuously tracking metrics like click-through rates,
conversion rates, and customer engagement to adjust campaigns in real-time.​

●​ Post-Campaign Analysis: Evaluating the success of the campaign, analyzing key


metrics, and extracting insights for future campaigns.​

4. Introduction to Digital Marketing Channels

Digital marketing channels are platforms and tools used to engage customers online. These
include search engines, social media, email, and websites.

Key Digital Marketing Channels:

●​ Search Engine Optimization (SEO): Optimizing content so it ranks higher on search


engine result pages, thereby driving organic traffic.​

●​ Pay-Per-Click (PPC): Paid ads displayed on search engines or social media, where
the advertiser pays each time the ad is clicked.​

●​ Social Media Marketing (SMM): Using social platforms like Instagram, Facebook,
LinkedIn, and Twitter to promote products and build brand awareness.​

●​ Email Marketing: Using targeted emails to engage with potential and existing
customers, offering promotions, updates, and personalized offers.​

●​ Content Marketing: Creating valuable, relevant content (blogs, videos, eBooks) that
educates or entertains the audience to drive engagement.​

●​ Affiliate Marketing: Partnering with third-party affiliates who promote the product in
exchange for commissions based on generated sales.​

5. Practitioners View to Digital Marketing Channels

Practitioners focus on optimizing digital marketing channels by using data-driven insights to


refine campaigns and achieve specific business goals.

Practitioner Best Practices:

●​ Target Audience Segmentation: Grouping customers based on demographics,


behaviors, or interests to create tailored messages.​
●​ Real-Time Analytics: Using tools like Google Analytics and Facebook Insights to
assess performance and adjust strategies.​

●​ Omnichannel Approach: Engaging with customers across multiple platforms


(website, email, social media) to provide a seamless experience.​

●​ Optimization and Testing: Conducting A/B tests to compare different versions of


ads, landing pages, and emails to determine the best-performing options.​

6. Customer Journey and Persona Building

The customer journey is the process through which customers go from awareness to
purchase, while persona building helps define the target customer in detail.

Stages of the Customer Journey:

●​ Awareness: The customer becomes aware of a product or service.​

●​ Consideration: The customer evaluates the product alongside competitors.​

●​ Decision: The customer makes a final decision and purchases the product.​

●​ Post-Purchase: Involves customer engagement, satisfaction, and loyalty efforts.​

Persona Building:

Customer personas are detailed profiles of target customers, representing various segments
of the market. These personas include:

●​ Demographics: Age, gender, income level, job title, location.​

●​ Psychographics: Interests, values, and lifestyle preferences.​

●​ Behavioral Characteristics: Online habits, purchasing history, and product usage


patterns.​

7. Understanding Touchpoints and Creating Customer Personas

Touchpoints refer to every interaction a customer has with a brand, whether online or offline.

Types of Touchpoints:
●​ Pre-purchase: Social media ads, search engines, blog posts.​

●​ During purchase: Website visits, product reviews, checkout process.​

●​ Post-purchase: Customer support, order tracking, feedback surveys.​

Optimizing Touchpoints:

●​ Ensuring consistency across touchpoints helps improve the customer experience,


reduces confusion, and increases conversion rates.​

Creating Customer Personas:

By identifying key touchpoints, businesses can map out customer interactions with each
touchpoint. Personas help identify the challenges, desires, and needs of the customer at
each stage of their journey, allowing marketers to provide the most relevant content and
offers.

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