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Current trends in marketing

  1. 1. Current Trends In Marketing Presented by- Kirandeep kaur Ashish Singh Roll no – 1734743 1734725 Class – M.B.A (2 semester)
  2. 2. Overview Definition of Marketing Definition of Marketing Trends Green marketing Event Marketing Network Marketing Direct Marketing Social Marketing Social Media Marketing Buzz Marketing Viral Marketing E-Commerce Marketing Global Marketing
  3. 3. What is Marketing ? According to American Marketing Association, "Marketing is an organization function and a set of processes for creating , communicating and delivering value to customers and for managing customer relationship in ways that benefit the organization and its stakeholders”.
  4. 4. Definition of Marketing Trends The overall direction of trading in the broader market on either a short- mid- or long-term basis. A trend that moves generally higher is called an Uptrend, and one that moves generally lower is called a downtrend. Trends can be short- or long-term.  short-term trends cycle within the broader trend, sometimes moving with it and sometimes against it. For example, a long-term bull market is typically comprised of a Series of shorter-term uptrend's and downtrends.
  5. 5. Green Marketing According to the American Marketing association, "Green marketing is the marketing of products that are presumed to be environmentally safe”. Advantages of Green Marketing Social responsibility Competitive Edge Cost reduction Disadvantages of Green Marketing Change lead to cost Costly Green Certifications
  6. 6. Event Marketing An event can be described as a public assembly for the purpose of celebration, education, marketing or reunion. It is universal and literal form would be any occasion when sometimes happens or sometimes needs to be done to organize the same . According to Richard R.Alford,”Event marketing is a rifle shot approach to ones audience where there is very little wastage.” Advantages of Event Marketing Brand enhancement Clear objectives Offer interaction Disadvantages No established infrastructure Inflexible
  7. 7. Network Marketing Network marketing also known as multi level marketing is a business distribution model that allows a parent multi level marketing company to market their products directly to consumers by means of relationship , referral and direct selling. Network marketing is a concept of marketing products pioneered by Amway corporation( manufacturing household goods, personal care & nutritional products)
  8. 8. Company Customer Distributors Customers Customers Sub-distributors Sub-sub distributors First level marketing Second level marketing Third level marketing
  9. 9. Direct Marketing Direct marketing is the process by which a firm approaches its customers on one to one basis and markets its products directly to them . According to Direct Marketing Association of USA ,”Direct marketing is an interactive system of marketing which uses one or more advertising media to affect a measurable response and /or Transaction at any location.” Method of Direct Marketing Direct selling- For e.g. Amway Tele –shopping/ Home shopping- For e.g. homeshop18 ,naaptol Direct Response marketing- for e.g. rely totally on television
  10. 10. Social Marketing According to Andreasen, ‘‘social marketing is the adaption of commercial marketing technologies to programmes designed to influence the voluntary behavior of target audiences to improve their personal welfare and that of the society of which they are a part.” social marketing is the systematic application of marketing along with other concepts and techniques to achieve specific behavioral goals for a social good. This may include asking people not to smoke in public area e.g. ask them to use seat belts, prompting to make them follow speed limits.
  11. 11. Social Media Marketing Social media marketing is a form of internet marketing that utilizes social media to achieve branding and marketing communication goals social media sites such as Face book, YouTube, Flickr, Twitter , whatsapp, etc are used to communicate information about a company and its brand and products. Advantages Free of cost- Return on investment- Better targeting- Disadvantages Risk of negative comments Fraud
  12. 12. Buzz Marketing Marketing buzz or simply buzz a term used in word of mouth marketing-is the interaction of consumers and users of a product or service which serves to amplify the original marketing message a vague but positive association, excitement, or anticipation about a product or services. Word of mouth marketing also called word of mouth advertising, is a unpaid form of promotion of products. Advantages cost effectiveness- Speed- Easy to set up- Disadvantages Negative buzz Customer Dissatisfaction
  13. 13. Viral Marketing Viral marketing is a marketing technique that uses preexisting social networking services and other technologies to produce increases in brand awareness or to achieve other marketing objectives (such as product sales or marketing buzz ) . Through self-replicating viral processes, analogous to the spread of viruses or computer viruses. It can be delivered by word of mouth or enhanced by the network effects of the Internet and mobile networks Advantages Enhanced customer list Better visibility Cuts the promotional cost
  14. 14. E-Commerce: Marketing Ecommerce marketing is the process of driving sales by raising awareness about an online store's brand and product offerings. Digital marketing for ecommerce applies traditional marketing principles to a multichannel, data-driven environment. ADVANTAGES OF ECOMMERCE Faster buying/selling procedure, as well as easy to find products. Buying/selling 24/7. More reach to customers, there is no theoretical geographic limitations. Low operational costs and better quality of services. No need of physical company set-ups. Easy to start and manage a business.
  15. 15. Global Marketing  Globalization means integrating the economy of a country with the global or world economy. It means economy is open to foreign direct investment by providing facilities to foreign companies to invest in different fields of Indian industry/commerce.  According to Johansson, "Global marketing refers to marketing activities coordinated and integrated across multiple country markets.”
  16. 16. Opportunities in Global Marketing  Career opportunities  Investment opportunities  Reaching new customers  Increasing standard of living

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