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ERADA - M3 S3 - Marketing for Entrepreneurs

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ERADA - M3 S3 - Marketing for Entrepreneurs

  1. 1. Module #1 Business Models ● Business Strategy ● Product & Market Development ● Marketing
  2. 2. Definition
  3. 3. Definition
  4. 4. Definition
  5. 5. Definition
  6. 6. Definition
  7. 7. Definition • Tip! Create your marketing persona « Building personas for your core audience can help improve the way you solve problems for your customers”
  8. 8. Definition
  9. 9. Definition
  10. 10. Definition What do the customers get when they purchase your product
  11. 11. Definition Your product is the reflect of your work and company in the mirror Unique value proposition
  12. 12. Definition Your product is the reflect of your work and company in the mirror Attribute and benefits
  13. 13. Definition Your product is the reflect of your work and company in the mirror Look & Feel
  14. 14. Definition
  15. 15. Definition How do you make the product available to your customer
  16. 16. To fix the right price, we look to the market, our cost structure and strategy
  17. 17. Starting point, look to your market
  18. 18. Follow the pricing process
  19. 19. Pricing depends on the approach taken by the business • If you are looking for a mass sale approach your pricing should be low. • If you are looking for selective sales your pricing can be high. Too high a price will limit market demand and sales BUT will bring in higher profit margins per unit sold Too low it will increase the market demand and sales BUT bring lower profit margins per unit sold Two main price strategies
  20. 20. Remind your customers about what you do
  21. 21. Remind your customers about what you do
  22. 22. Remind your customers about what you do
  23. 23. Direct marketing - Business cards - Flyers - Roll ups - Stands - End-caps - Emailing / SMS Mainstream marketing - Television - Radio - Newspapers - Magazines - Billboards Non physical marketing - Networking - Lobbying - Word-of-mouth - Partnerships - Referral system Social media - Organic - Paid - Bloggers
  24. 24. Winning a new customer costs 6 times more than selling to an existing customer
  25. 25. You are ready to attract you target with your marketing arrow. Ready… Steady…Start!
  26. 26. Thank You Salma BAGHDADI Entrepreneurship Advisor salma@bedaya.qa

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