SlideShare una empresa de Scribd logo
1 de 20
Marketing Mix
The marketing mix is a business tool used
in marketing and by marketers. The marketing
mix is often crucial when determining a product or
brand's offer, and is often associated with
the four P's: price, product, promotion,
and place. In service marketing, however, the four
Ps are expanded to the seven P's: people,
physical evidence and process.
E. Jerome McCarthy proposed the four Ps
classification in 1960, which has since been used
by marketers throughout the world.
Advantages
• Proper reach
• Increases profits
• Customer satisfaction
• Ensures survival of the product
• Improves corporate image
Product
A product or service is said to be a good
that fulfills customers needs.
Product
 What does the customer want from the product/service?
What needs does it satisfy?
 What features does it have to meet these needs?
• Are there any features you've missed out?
• Are you including costly features that the customer
won't actually use?
 How and where will the customer use it?
 What does it look like? How will customers experience
it?
 What size(s), color(s), and so on, should it be?
 What is it to be called?
 How is it branded?
 How is it differentiated versus your competitors?
Price
It is the amount of money that a consumer pays
or is willing to pay for the product or service
offered.
Price
 What is the value of the product or service to
the buyer?
 Are there established price points for products
or services in this area?
 Is the customer price sensitive? Will a small
decrease in price gain you extra market
share? Or will a small increase be
indiscernible, and so gain you extra profit
margin?
 What discounts should be offered to trade
Place
Place is concerned with various methods of
transporting and storing goods, and then
making them available for the customer.
Getting the right product to the right place at
the right time involves the distribution
system.
Place
 Where do buyers look for your product or
service?
 If they look in a store, what kind? A specialist
boutique or in a supermarket, or both? Or
online? Or direct, via a catalogue?
 How can you access the right distribution
channels?
 Do you need to use a sales force? Or attend
trade fairs? Or make online submissions? Or
send samples to catalogue companies?
 What do you competitors do, and how can you
Promotion
Promotion is the process of communicating
with customers. It provides information to the
customer that will assist them in making a
decision to purchase a product or service.
Promotion
• Where and when can you get across your marketing
messages to your target market?
• Will you reach your audience by advertising in the
press, or on TV, or radio, or on billboards? By using
direct marketing techniques? Through PR? On the
Internet?
• When is the best time to promote? Is there
seasonality in the market? Are there any wider
environmental issues that suggest or dictate the
timing of your market launch, or the timing of
subsequent promotions?
• How do your competitors do their promotions? And
how does that influence your choice of promotional
People
Customer service lies at the heart of modern
service industries. People are an essential
ingredient in service provision; recruiting and
training the right staff is required to create a
competitive advantage. Customers make
judgments about service provision and delivery
based on the people representing your
organization. This is because people are one of
the few elements of the service that customers
can see and interact with. Customers are likely
to be loyal to organization’s that serve them
Proce
ss
This element of the marketing mix looks at the
systems used to deliver the service.
In customer service there are a number of
processes involved in making marketing
effective in an organization
example: processes for handling customer
complaints, processes for identifying customer
needs and requirements, processes for
handling order etc.
Physical
Evidence
Physical evidence is about where the service is
being delivered from. It is particularly relevant to
retailers operating out of shops. This element of
the marketing mix will distinguish a company
from its competitors. Physical evidence can be
used to charge a premium price for a service
and establish a positive experience.
Example: if you walk into a restaurant you
expect a clean and friendly environment, if the
restaurant is smelly or dirty, customers are likely
Conclusion
The Service Marketing Mix involves Product,
Price, Place, Promotion, People, Process
and Physical Evidence. Firms marketing a
service need to get each of these elements
correct. The marketing mix for a service has
additional elements because the
characteristics of a service are different to
the characteristics of a product.

Más contenido relacionado

La actualidad más candente

Chapter 10 - Crafting the Brand Positioning
Chapter 10 - Crafting the Brand Positioning Chapter 10 - Crafting the Brand Positioning
Chapter 10 - Crafting the Brand Positioning LorenzoGuinto
 
Marketing Planning Process
Marketing Planning ProcessMarketing Planning Process
Marketing Planning ProcessSushant Murarka
 
Key Concepts In Marketing
Key Concepts In MarketingKey Concepts In Marketing
Key Concepts In Marketinglamanansala
 
Marketing mix-Types-4 p's,7p's-scope and Importance.
Marketing mix-Types-4 p's,7p's-scope and Importance.Marketing mix-Types-4 p's,7p's-scope and Importance.
Marketing mix-Types-4 p's,7p's-scope and Importance.ranjith13004
 
1a. the 4 ps of marketing
 1a. the 4 ps of marketing 1a. the 4 ps of marketing
1a. the 4 ps of marketingHarshruti
 
Relationship marketing
Relationship marketingRelationship marketing
Relationship marketingdeepu2000
 
Advertising And Promotion
Advertising And PromotionAdvertising And Promotion
Advertising And PromotionVamsi Krishna
 
Relationship marketing presentation
Relationship marketing presentationRelationship marketing presentation
Relationship marketing presentationAfzaal Ali
 
Market Segmentation, Targeting and Positioning
Market Segmentation, Targeting and PositioningMarket Segmentation, Targeting and Positioning
Market Segmentation, Targeting and PositioningDaniel Gibson
 
What are some core marketing concepts
What are some core marketing conceptsWhat are some core marketing concepts
What are some core marketing conceptsSameer Mathur
 
01. introduction to marketing (2019)
01. introduction to marketing (2019)01. introduction to marketing (2019)
01. introduction to marketing (2019)moladad2
 
Relationship Marketing
Relationship MarketingRelationship Marketing
Relationship MarketingNeeraj Garwal
 
Marketing targeting & positioning
Marketing targeting & positioningMarketing targeting & positioning
Marketing targeting & positioningEdz Gapuz
 

La actualidad más candente (20)

Chapter 10 - Crafting the Brand Positioning
Chapter 10 - Crafting the Brand Positioning Chapter 10 - Crafting the Brand Positioning
Chapter 10 - Crafting the Brand Positioning
 
Marketing Planning Process
Marketing Planning ProcessMarketing Planning Process
Marketing Planning Process
 
Marketing mix
Marketing mixMarketing mix
Marketing mix
 
Key Concepts In Marketing
Key Concepts In MarketingKey Concepts In Marketing
Key Concepts In Marketing
 
Marketing mix-Types-4 p's,7p's-scope and Importance.
Marketing mix-Types-4 p's,7p's-scope and Importance.Marketing mix-Types-4 p's,7p's-scope and Importance.
Marketing mix-Types-4 p's,7p's-scope and Importance.
 
1a. the 4 ps of marketing
 1a. the 4 ps of marketing 1a. the 4 ps of marketing
1a. the 4 ps of marketing
 
Relationship marketing
Relationship marketingRelationship marketing
Relationship marketing
 
Advertising And Promotion
Advertising And PromotionAdvertising And Promotion
Advertising And Promotion
 
Marketing plan
Marketing planMarketing plan
Marketing plan
 
Relationship marketing presentation
Relationship marketing presentationRelationship marketing presentation
Relationship marketing presentation
 
Market Segmentation, Targeting and Positioning
Market Segmentation, Targeting and PositioningMarket Segmentation, Targeting and Positioning
Market Segmentation, Targeting and Positioning
 
MARKETING MIX 4ps
MARKETING MIX 4psMARKETING MIX 4ps
MARKETING MIX 4ps
 
Branding strategies
Branding strategiesBranding strategies
Branding strategies
 
What are some core marketing concepts
What are some core marketing conceptsWhat are some core marketing concepts
What are some core marketing concepts
 
Building a brand
Building a brandBuilding a brand
Building a brand
 
01. introduction to marketing (2019)
01. introduction to marketing (2019)01. introduction to marketing (2019)
01. introduction to marketing (2019)
 
Marketing mix
Marketing mixMarketing mix
Marketing mix
 
Marketing mix
Marketing mixMarketing mix
Marketing mix
 
Relationship Marketing
Relationship MarketingRelationship Marketing
Relationship Marketing
 
Marketing targeting & positioning
Marketing targeting & positioningMarketing targeting & positioning
Marketing targeting & positioning
 

Destacado

The 7P's of Marketing Mix - PPT
The 7P's of Marketing Mix - PPTThe 7P's of Marketing Mix - PPT
The 7P's of Marketing Mix - PPTMohit Pachauri
 
Marketing mix the 7 p's of marketing
Marketing mix  the 7 p's of marketingMarketing mix  the 7 p's of marketing
Marketing mix the 7 p's of marketingEli Santos
 
7 p's presentation
7 p's presentation7 p's presentation
7 p's presentationNikita Raut
 
Marketting mix ppt
Marketting mix pptMarketting mix ppt
Marketting mix pptabhishek2406
 
Marketing of Restaurant
Marketing of RestaurantMarketing of Restaurant
Marketing of RestaurantHimanshu Jain
 
7 ps of service marketing
7 ps of service marketing7 ps of service marketing
7 ps of service marketingkumidvivedi
 
Product orientation and Market Orientation
Product orientation and Market OrientationProduct orientation and Market Orientation
Product orientation and Market OrientationTooba Fatima
 
Marketing Orientation
Marketing OrientationMarketing Orientation
Marketing Orientationmcrashidkhan
 
7 Ps of Coca Cola
7 Ps of Coca Cola7 Ps of Coca Cola
7 Ps of Coca ColaRavi Rai
 
7 P's of marketing (Coca cola)
7 P's of marketing (Coca cola)7 P's of marketing (Coca cola)
7 P's of marketing (Coca cola)Harshal Jaiswal
 
Product life cycle management case study of nissan
Product life cycle management case study of nissanProduct life cycle management case study of nissan
Product life cycle management case study of nissanKhaira Al Hafi
 
Service marketing &7 P's - Baskins and Robbins
Service marketing   &7 P's - Baskins and RobbinsService marketing   &7 P's - Baskins and Robbins
Service marketing &7 P's - Baskins and RobbinsArun VI
 
Customer Focus and Market Orientation
Customer Focus and Market OrientationCustomer Focus and Market Orientation
Customer Focus and Market OrientationStephen Downes
 
Marketing management orientations
Marketing management orientationsMarketing management orientations
Marketing management orientationsSuleyman Ally
 
Product(a tool of marketing mix)
Product(a tool of marketing mix)Product(a tool of marketing mix)
Product(a tool of marketing mix)Mithilesh Trivedi
 

Destacado (20)

The 7P's of Marketing Mix - PPT
The 7P's of Marketing Mix - PPTThe 7P's of Marketing Mix - PPT
The 7P's of Marketing Mix - PPT
 
Marketing mix the 7 p's of marketing
Marketing mix  the 7 p's of marketingMarketing mix  the 7 p's of marketing
Marketing mix the 7 p's of marketing
 
Marketing Mix
Marketing MixMarketing Mix
Marketing Mix
 
7 p's presentation
7 p's presentation7 p's presentation
7 p's presentation
 
7ps of marketing ppt
7ps of marketing ppt7ps of marketing ppt
7ps of marketing ppt
 
Marketting mix ppt
Marketting mix pptMarketting mix ppt
Marketting mix ppt
 
Pepsi marketing mix
Pepsi marketing mixPepsi marketing mix
Pepsi marketing mix
 
Marketing of Restaurant
Marketing of RestaurantMarketing of Restaurant
Marketing of Restaurant
 
7 ps of service marketing
7 ps of service marketing7 ps of service marketing
7 ps of service marketing
 
Service marketing mix
Service marketing mixService marketing mix
Service marketing mix
 
Product orientation and Market Orientation
Product orientation and Market OrientationProduct orientation and Market Orientation
Product orientation and Market Orientation
 
Marketing Orientation
Marketing OrientationMarketing Orientation
Marketing Orientation
 
7 Ps of Coca Cola
7 Ps of Coca Cola7 Ps of Coca Cola
7 Ps of Coca Cola
 
7 P's of marketing (Coca cola)
7 P's of marketing (Coca cola)7 P's of marketing (Coca cola)
7 P's of marketing (Coca cola)
 
Product life cycle management case study of nissan
Product life cycle management case study of nissanProduct life cycle management case study of nissan
Product life cycle management case study of nissan
 
Service marketing &7 P's - Baskins and Robbins
Service marketing   &7 P's - Baskins and RobbinsService marketing   &7 P's - Baskins and Robbins
Service marketing &7 P's - Baskins and Robbins
 
Customer Focus and Market Orientation
Customer Focus and Market OrientationCustomer Focus and Market Orientation
Customer Focus and Market Orientation
 
Marketing management orientations
Marketing management orientationsMarketing management orientations
Marketing management orientations
 
Product(a tool of marketing mix)
Product(a tool of marketing mix)Product(a tool of marketing mix)
Product(a tool of marketing mix)
 
4 Ps Coca Cola
4 Ps Coca Cola4 Ps Coca Cola
4 Ps Coca Cola
 

Similar a Marketing mix 7 p's

mbm_6109_cat_one[1] CAT 1.docx Submitted for review CAT 1
mbm_6109_cat_one[1] CAT 1.docx Submitted for review CAT 1mbm_6109_cat_one[1] CAT 1.docx Submitted for review CAT 1
mbm_6109_cat_one[1] CAT 1.docx Submitted for review CAT 1ahimbisibwelamed
 
Foreign market analysis
Foreign market analysisForeign market analysis
Foreign market analysisAhmad Thanin
 
Electronic marketing mix strategies
Electronic marketing mix strategiesElectronic marketing mix strategies
Electronic marketing mix strategiesgaurav jain
 
Approaches to marketing @ mba ppt
Approaches to marketing @ mba pptApproaches to marketing @ mba ppt
Approaches to marketing @ mba pptBabasab Patil
 
Approaches to marketing PPT @ MBA
Approaches to marketing PPT @ MBAApproaches to marketing PPT @ MBA
Approaches to marketing PPT @ MBABabasab Patil
 
Approaches to marketing
Approaches to marketingApproaches to marketing
Approaches to marketingBabasab Patil
 
Ss marketing mix
Ss marketing mixSs marketing mix
Ss marketing mixCMPCERT
 
Introduction to marketing
Introduction to marketingIntroduction to marketing
Introduction to marketingtspach
 
Marketing Mix
Marketing MixMarketing Mix
Marketing Mixvip1233
 
Dr. V. Ramadevi, Department of Management.
Dr. V. Ramadevi, Department of Management.Dr. V. Ramadevi, Department of Management.
Dr. V. Ramadevi, Department of Management.ramakarthik
 

Similar a Marketing mix 7 p's (20)

mbm_6109_cat_one[1] CAT 1.docx Submitted for review CAT 1
mbm_6109_cat_one[1] CAT 1.docx Submitted for review CAT 1mbm_6109_cat_one[1] CAT 1.docx Submitted for review CAT 1
mbm_6109_cat_one[1] CAT 1.docx Submitted for review CAT 1
 
Marketing
MarketingMarketing
Marketing
 
Chesterville sept 2018
Chesterville sept 2018Chesterville sept 2018
Chesterville sept 2018
 
Foreign market analysis
Foreign market analysisForeign market analysis
Foreign market analysis
 
Marketing mix
Marketing mixMarketing mix
Marketing mix
 
4ps
4ps4ps
4ps
 
Electronic marketing mix strategies
Electronic marketing mix strategiesElectronic marketing mix strategies
Electronic marketing mix strategies
 
Introduction to marketing for business link - John Taylerson
Introduction to marketing for business link - John TaylersonIntroduction to marketing for business link - John Taylerson
Introduction to marketing for business link - John Taylerson
 
Marketingmix 7ps
Marketingmix 7psMarketingmix 7ps
Marketingmix 7ps
 
01 marketing concepts
01 marketing concepts01 marketing concepts
01 marketing concepts
 
01 marketing concepts
01 marketing concepts01 marketing concepts
01 marketing concepts
 
Marketing mix
Marketing mixMarketing mix
Marketing mix
 
Marketing mix
Marketing mixMarketing mix
Marketing mix
 
Approaches to marketing @ mba ppt
Approaches to marketing @ mba pptApproaches to marketing @ mba ppt
Approaches to marketing @ mba ppt
 
Approaches to marketing PPT @ MBA
Approaches to marketing PPT @ MBAApproaches to marketing PPT @ MBA
Approaches to marketing PPT @ MBA
 
Approaches to marketing
Approaches to marketingApproaches to marketing
Approaches to marketing
 
Ss marketing mix
Ss marketing mixSs marketing mix
Ss marketing mix
 
Introduction to marketing
Introduction to marketingIntroduction to marketing
Introduction to marketing
 
Marketing Mix
Marketing MixMarketing Mix
Marketing Mix
 
Dr. V. Ramadevi, Department of Management.
Dr. V. Ramadevi, Department of Management.Dr. V. Ramadevi, Department of Management.
Dr. V. Ramadevi, Department of Management.
 

Último

The 9th May Incident in Pakistan A Turning Point in History.pptx
The 9th May Incident in Pakistan A Turning Point in History.pptxThe 9th May Incident in Pakistan A Turning Point in History.pptx
The 9th May Incident in Pakistan A Turning Point in History.pptxelizabethella096
 
Social Media Marketing Portfolio - Maharsh Benday
Social Media Marketing Portfolio - Maharsh BendaySocial Media Marketing Portfolio - Maharsh Benday
Social Media Marketing Portfolio - Maharsh BendayMaharshBenday
 
Resumé Karina Perez | Digital Strategist
Resumé Karina Perez | Digital StrategistResumé Karina Perez | Digital Strategist
Resumé Karina Perez | Digital StrategistKarina Perez
 
The Art of sales from fictional characters.
The Art of sales from fictional characters.The Art of sales from fictional characters.
The Art of sales from fictional characters.Bharathi sakthi
 
The seven principles of persuasion by Dr. Robert Cialdini
The seven principles of persuasion by Dr. Robert CialdiniThe seven principles of persuasion by Dr. Robert Cialdini
The seven principles of persuasion by Dr. Robert CialdiniSurya Prasath
 
Gain potential customers through Lead Generation
Gain potential customers through Lead GenerationGain potential customers through Lead Generation
Gain potential customers through Lead Generationvidhyalakshmiveerapp
 
HITECH CITY CALL GIRL IN 9234842891 💞 INDEPENDENT ESCORT SERVICE HITECH CITY
HITECH CITY CALL GIRL IN 9234842891 💞 INDEPENDENT ESCORT SERVICE HITECH CITYHITECH CITY CALL GIRL IN 9234842891 💞 INDEPENDENT ESCORT SERVICE HITECH CITY
HITECH CITY CALL GIRL IN 9234842891 💞 INDEPENDENT ESCORT SERVICE HITECH CITYNiteshKumar82226
 
Cartona.pptx. Marketing how to present your project very well , discussed a...
Cartona.pptx.   Marketing how to present your project very well , discussed a...Cartona.pptx.   Marketing how to present your project very well , discussed a...
Cartona.pptx. Marketing how to present your project very well , discussed a...BeshoyFawaz1
 
[Expert Panel] New Google Shopping Ads Strategies Uncovered
[Expert Panel] New Google Shopping Ads Strategies Uncovered[Expert Panel] New Google Shopping Ads Strategies Uncovered
[Expert Panel] New Google Shopping Ads Strategies UncoveredSearch Engine Journal
 
Discover Ardency Elite: Elevate Your Lifestyle
Discover Ardency Elite: Elevate Your LifestyleDiscover Ardency Elite: Elevate Your Lifestyle
Discover Ardency Elite: Elevate Your LifestyleMy Heart Throw Pillow
 
Social Media Marketing Portfolio - Maharsh Benday
Social Media Marketing Portfolio - Maharsh BendaySocial Media Marketing Portfolio - Maharsh Benday
Social Media Marketing Portfolio - Maharsh BendayMaharshBenday
 
SALES-PITCH-an-introduction-to-sales.pptx
SALES-PITCH-an-introduction-to-sales.pptxSALES-PITCH-an-introduction-to-sales.pptx
SALES-PITCH-an-introduction-to-sales.pptx23397013
 
personal branding kit for music business
personal branding kit for music businesspersonal branding kit for music business
personal branding kit for music businessbrjohnson6
 
Alpha Media March 2024 Buyers Guide.pptx
Alpha Media March 2024 Buyers Guide.pptxAlpha Media March 2024 Buyers Guide.pptx
Alpha Media March 2024 Buyers Guide.pptxDave McCallum
 
Mastering Affiliate Marketing: A Comprehensive Guide to Success
Mastering Affiliate Marketing: A Comprehensive Guide to SuccessMastering Affiliate Marketing: A Comprehensive Guide to Success
Mastering Affiliate Marketing: A Comprehensive Guide to SuccessAbdulsamad Lukman
 
TAM_AdEx-Cross_Media_Report-Banking_Finance_Investment_(BFSI)_2023.pdf
TAM_AdEx-Cross_Media_Report-Banking_Finance_Investment_(BFSI)_2023.pdfTAM_AdEx-Cross_Media_Report-Banking_Finance_Investment_(BFSI)_2023.pdf
TAM_AdEx-Cross_Media_Report-Banking_Finance_Investment_(BFSI)_2023.pdfSocial Samosa
 
VIP Call Girls Dongri WhatsApp +91-9833363713, Full Night Service
VIP Call Girls Dongri WhatsApp +91-9833363713, Full Night ServiceVIP Call Girls Dongri WhatsApp +91-9833363713, Full Night Service
VIP Call Girls Dongri WhatsApp +91-9833363713, Full Night Servicemeghakumariji156
 
Best 5 Graphics Designing Course In Chandigarh
Best 5 Graphics Designing Course In ChandigarhBest 5 Graphics Designing Course In Chandigarh
Best 5 Graphics Designing Course In Chandigarhhamitthakurdma01
 
Aligarh Hire 💕 8250092165 Young and Hot Call Girls Service Agency Escorts
Aligarh Hire 💕 8250092165 Young and Hot Call Girls Service Agency EscortsAligarh Hire 💕 8250092165 Young and Hot Call Girls Service Agency Escorts
Aligarh Hire 💕 8250092165 Young and Hot Call Girls Service Agency Escortsmeghakumariji156
 
Micro-Choices, Max Impact Personalizing Your Journey, One Moment at a Time.pdf
Micro-Choices, Max Impact Personalizing Your Journey, One Moment at a Time.pdfMicro-Choices, Max Impact Personalizing Your Journey, One Moment at a Time.pdf
Micro-Choices, Max Impact Personalizing Your Journey, One Moment at a Time.pdfPiyush Kumar
 

Último (20)

The 9th May Incident in Pakistan A Turning Point in History.pptx
The 9th May Incident in Pakistan A Turning Point in History.pptxThe 9th May Incident in Pakistan A Turning Point in History.pptx
The 9th May Incident in Pakistan A Turning Point in History.pptx
 
Social Media Marketing Portfolio - Maharsh Benday
Social Media Marketing Portfolio - Maharsh BendaySocial Media Marketing Portfolio - Maharsh Benday
Social Media Marketing Portfolio - Maharsh Benday
 
Resumé Karina Perez | Digital Strategist
Resumé Karina Perez | Digital StrategistResumé Karina Perez | Digital Strategist
Resumé Karina Perez | Digital Strategist
 
The Art of sales from fictional characters.
The Art of sales from fictional characters.The Art of sales from fictional characters.
The Art of sales from fictional characters.
 
The seven principles of persuasion by Dr. Robert Cialdini
The seven principles of persuasion by Dr. Robert CialdiniThe seven principles of persuasion by Dr. Robert Cialdini
The seven principles of persuasion by Dr. Robert Cialdini
 
Gain potential customers through Lead Generation
Gain potential customers through Lead GenerationGain potential customers through Lead Generation
Gain potential customers through Lead Generation
 
HITECH CITY CALL GIRL IN 9234842891 💞 INDEPENDENT ESCORT SERVICE HITECH CITY
HITECH CITY CALL GIRL IN 9234842891 💞 INDEPENDENT ESCORT SERVICE HITECH CITYHITECH CITY CALL GIRL IN 9234842891 💞 INDEPENDENT ESCORT SERVICE HITECH CITY
HITECH CITY CALL GIRL IN 9234842891 💞 INDEPENDENT ESCORT SERVICE HITECH CITY
 
Cartona.pptx. Marketing how to present your project very well , discussed a...
Cartona.pptx.   Marketing how to present your project very well , discussed a...Cartona.pptx.   Marketing how to present your project very well , discussed a...
Cartona.pptx. Marketing how to present your project very well , discussed a...
 
[Expert Panel] New Google Shopping Ads Strategies Uncovered
[Expert Panel] New Google Shopping Ads Strategies Uncovered[Expert Panel] New Google Shopping Ads Strategies Uncovered
[Expert Panel] New Google Shopping Ads Strategies Uncovered
 
Discover Ardency Elite: Elevate Your Lifestyle
Discover Ardency Elite: Elevate Your LifestyleDiscover Ardency Elite: Elevate Your Lifestyle
Discover Ardency Elite: Elevate Your Lifestyle
 
Social Media Marketing Portfolio - Maharsh Benday
Social Media Marketing Portfolio - Maharsh BendaySocial Media Marketing Portfolio - Maharsh Benday
Social Media Marketing Portfolio - Maharsh Benday
 
SALES-PITCH-an-introduction-to-sales.pptx
SALES-PITCH-an-introduction-to-sales.pptxSALES-PITCH-an-introduction-to-sales.pptx
SALES-PITCH-an-introduction-to-sales.pptx
 
personal branding kit for music business
personal branding kit for music businesspersonal branding kit for music business
personal branding kit for music business
 
Alpha Media March 2024 Buyers Guide.pptx
Alpha Media March 2024 Buyers Guide.pptxAlpha Media March 2024 Buyers Guide.pptx
Alpha Media March 2024 Buyers Guide.pptx
 
Mastering Affiliate Marketing: A Comprehensive Guide to Success
Mastering Affiliate Marketing: A Comprehensive Guide to SuccessMastering Affiliate Marketing: A Comprehensive Guide to Success
Mastering Affiliate Marketing: A Comprehensive Guide to Success
 
TAM_AdEx-Cross_Media_Report-Banking_Finance_Investment_(BFSI)_2023.pdf
TAM_AdEx-Cross_Media_Report-Banking_Finance_Investment_(BFSI)_2023.pdfTAM_AdEx-Cross_Media_Report-Banking_Finance_Investment_(BFSI)_2023.pdf
TAM_AdEx-Cross_Media_Report-Banking_Finance_Investment_(BFSI)_2023.pdf
 
VIP Call Girls Dongri WhatsApp +91-9833363713, Full Night Service
VIP Call Girls Dongri WhatsApp +91-9833363713, Full Night ServiceVIP Call Girls Dongri WhatsApp +91-9833363713, Full Night Service
VIP Call Girls Dongri WhatsApp +91-9833363713, Full Night Service
 
Best 5 Graphics Designing Course In Chandigarh
Best 5 Graphics Designing Course In ChandigarhBest 5 Graphics Designing Course In Chandigarh
Best 5 Graphics Designing Course In Chandigarh
 
Aligarh Hire 💕 8250092165 Young and Hot Call Girls Service Agency Escorts
Aligarh Hire 💕 8250092165 Young and Hot Call Girls Service Agency EscortsAligarh Hire 💕 8250092165 Young and Hot Call Girls Service Agency Escorts
Aligarh Hire 💕 8250092165 Young and Hot Call Girls Service Agency Escorts
 
Micro-Choices, Max Impact Personalizing Your Journey, One Moment at a Time.pdf
Micro-Choices, Max Impact Personalizing Your Journey, One Moment at a Time.pdfMicro-Choices, Max Impact Personalizing Your Journey, One Moment at a Time.pdf
Micro-Choices, Max Impact Personalizing Your Journey, One Moment at a Time.pdf
 

Marketing mix 7 p's

  • 2. The marketing mix is a business tool used in marketing and by marketers. The marketing mix is often crucial when determining a product or brand's offer, and is often associated with the four P's: price, product, promotion, and place. In service marketing, however, the four Ps are expanded to the seven P's: people, physical evidence and process. E. Jerome McCarthy proposed the four Ps classification in 1960, which has since been used by marketers throughout the world.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7. Advantages • Proper reach • Increases profits • Customer satisfaction • Ensures survival of the product • Improves corporate image
  • 8. Product A product or service is said to be a good that fulfills customers needs.
  • 9. Product  What does the customer want from the product/service? What needs does it satisfy?  What features does it have to meet these needs? • Are there any features you've missed out? • Are you including costly features that the customer won't actually use?  How and where will the customer use it?  What does it look like? How will customers experience it?  What size(s), color(s), and so on, should it be?  What is it to be called?  How is it branded?  How is it differentiated versus your competitors?
  • 10. Price It is the amount of money that a consumer pays or is willing to pay for the product or service offered.
  • 11. Price  What is the value of the product or service to the buyer?  Are there established price points for products or services in this area?  Is the customer price sensitive? Will a small decrease in price gain you extra market share? Or will a small increase be indiscernible, and so gain you extra profit margin?  What discounts should be offered to trade
  • 12. Place Place is concerned with various methods of transporting and storing goods, and then making them available for the customer. Getting the right product to the right place at the right time involves the distribution system.
  • 13. Place  Where do buyers look for your product or service?  If they look in a store, what kind? A specialist boutique or in a supermarket, or both? Or online? Or direct, via a catalogue?  How can you access the right distribution channels?  Do you need to use a sales force? Or attend trade fairs? Or make online submissions? Or send samples to catalogue companies?  What do you competitors do, and how can you
  • 14. Promotion Promotion is the process of communicating with customers. It provides information to the customer that will assist them in making a decision to purchase a product or service.
  • 15. Promotion • Where and when can you get across your marketing messages to your target market? • Will you reach your audience by advertising in the press, or on TV, or radio, or on billboards? By using direct marketing techniques? Through PR? On the Internet? • When is the best time to promote? Is there seasonality in the market? Are there any wider environmental issues that suggest or dictate the timing of your market launch, or the timing of subsequent promotions? • How do your competitors do their promotions? And how does that influence your choice of promotional
  • 16.
  • 17. People Customer service lies at the heart of modern service industries. People are an essential ingredient in service provision; recruiting and training the right staff is required to create a competitive advantage. Customers make judgments about service provision and delivery based on the people representing your organization. This is because people are one of the few elements of the service that customers can see and interact with. Customers are likely to be loyal to organization’s that serve them
  • 18. Proce ss This element of the marketing mix looks at the systems used to deliver the service. In customer service there are a number of processes involved in making marketing effective in an organization example: processes for handling customer complaints, processes for identifying customer needs and requirements, processes for handling order etc.
  • 19. Physical Evidence Physical evidence is about where the service is being delivered from. It is particularly relevant to retailers operating out of shops. This element of the marketing mix will distinguish a company from its competitors. Physical evidence can be used to charge a premium price for a service and establish a positive experience. Example: if you walk into a restaurant you expect a clean and friendly environment, if the restaurant is smelly or dirty, customers are likely
  • 20. Conclusion The Service Marketing Mix involves Product, Price, Place, Promotion, People, Process and Physical Evidence. Firms marketing a service need to get each of these elements correct. The marketing mix for a service has additional elements because the characteristics of a service are different to the characteristics of a product.