Marketing Concept | P.O.S.T. Method
Social media plays a vital role in inbound marketing and is an important channel to spread your marketing message across your audience. Inbound marketing/content marketing focuses on attracting customers through good content and engagement. The main aim is to convince your customer that you offer more value than your competitors. Social Media is a very […]
Marketing Concept | New Product Launch Strategy
Launching a new product in the market Oh! How I’ve wished to launch my product and to note the process down for the longest time. Today I’d love to share my plan of execution with you to bring a new product into the market. First, start with selling it directly to the end-users. It will give […]
Marketing Concept | Movement Marketing
What is Movement Marketing? In Movement marketing, the brand actually tries to create market initiatives around their visions rather than their portfolios’ products. That’s why it is also known as Cultural Movement Marketing. The result of this can lead to a long term marketing strategy that will not only allow the brand to capture and dominate market […]
Marketing Concept | Brand Element Choice Criteria
Brand element is an intangible which can be trademarked, that identifies and differentiates the brand. Brand elements set the character of the brand. There are a total of six criteria for choosing brand elements: Memorable– How easily can someone remember, recall, or recognise the brand elements. E.g., A short name can be easy to remember. […]
Marketing Concept | Types Of Startup Funding
The term “start-up” was originally coined in the early tech revolution in the 1970s, referring to a new breed of small companies characterized by exponential growth. The term start-up became a popular term in the 1990s and early 2000s business boom with brands like Microsoft or Apple scaling up at a rapid pace than ever […]
Marketing Concept | Wi-Fi Marketing
The Wi-fi Marketing concept Wi-fi marketing is a strategy to attract customers to your retail store by providing them with free wireless internet access leveraging it to communicate messages and promotions. As a retailer, you have to ensure to stay ahead in your game reason being the competition comes not just from other retail stores […]
What Is Internet Of Things And How Does It Work?
Internet of Things IoT, Internet of Things, is often referred to a “smart” object. These devices can be anything and everything from cars, home appliances to shoes and light switches. These devices connect to the internet, pass and receive data and connect the physical world to the digital world. New technologies, cheaper computer chips and the […]
Marketing Concept | Brand Extension
Brand Extension Once a brand is recognised in the market and in consumer minds then there is always a scope of a new product launch for the company. This gives an opportunity to the brand to leverage its brand awareness and brand equity for positioning new products even if it belongs to a different category. […]
Marketing Concept | Diffusion Of Innovation
Diffusion of innovations is a theory that seeks to explain how, why, and at what rate new ideas and technology spread. It was Everett Rogers, a professor of communication studies, who popularized the theory in his book “Diffusion of Innovations”. He argues that diffusion is the process by which an innovation is communicated over time […]
Marketing Concept | Immersive Technology – 360, Virtual Reality & Augmented Reality
Immersive technology is those technologies that integrate virtual and real-world elements. It creates a sense of immersion by emulating the physical and real-world with the means of the digital world. It thus creates a blur between the real and virtual worlds. In other words, it leverages the 360-degree space around us. Some types of immersive […]
Marketing Concept | The Burrito Principle
The concept of the Burrito principle is among those marketing principles that will help get the most out of online marketing channels such as social media posts or email marketing. Even the most creative of campaigns can underperform if not delivered effectively, and The Burrito Principle helps us understand how to achieve the kind of […]
Marketing Concept | The Golden Circle Principle
Simon Shrek explained the concept of Golden circle principle in his TED talk. The golden circle principle aims to explain why a few brands and organizations can succeed in differentiating themselves better than the competitors. Despite essentially providing the same services or products, some companies are more successful than others. It all boils down to […]
Marketing Concept | Guerilla Marketing
Guerilla marketing is an unconventional marketing technique or concept that is different from traditional marketing. It is generally executed in an open space where more public visits, places like streets, railway stations, etc. make it easier to garner more attention. It is implemented to enhance the engagement with the existing customers as they will recognize […]
Marketing Concept | White Bread Vs Wheat Bread
The idea of conceiving marketing concepts in terms of bread was first introduced by Pamela Vaughan from HubSpot. Gregory Ciotti later detailed it out. As the name suggests, White vs Wheat bread concept is a clear distinction between two different types of content of social media updates. Let’s go with a world-wide assumption “Wheat bread […]
Marketing Concept | BCG Matrix
BCG is a firm by the name of Boston Consulting Group, which provides consulting services to various businesses. They have devised a matrix, the growth share matrix, which helps the company to carry out portfolio analysis. By this matrix, the company can decide whether to invest in products or stop producing the product. BCG matrix […]
Marketing Concept | The Hedgehog Concept
If you were to choose between a fox and a hedgehog, which one would you go for? Well, many people would choose the fox. Of course, foxes are beautiful, sleek, and cunning, but hedgehogs, the small prickly creatures, are quite the opposite: slow, quiet, and plodding. The scenario ends with the hedgehog thwarting the fox. […]
Marketing Concept | Brand Architecture
Sometimes it is so obvious but we don’t see it coming, for example, some of the brands which come under a well-known parent company but we aren’t aware of this fact about brands mergers and acquisitions. Why Brand Architecture? Whenever you are offering some products or services you want your company to be intact from […]
Marketing Concept | Grey Market
Grey/Gray market is where sales of legal goods take place via a distribution system not intended by the manufacturer. In other words, this channel of distribution is not authorised by the distributor and is legal in the purview of the law. Products sold here are priced lower than what a consumer pays at a genuine […]
Marketing Concept | Customer-Based Brand Equity Model (CBBE)
When a brand tries to focus on brand marketing, basic questions arise, what makes a brand? And how can you build a strong brand? What makes your brand valuable? Then the concept of Customer-based brand equity comes into the picture. The basics of the CBBE concept is totally dependent on consumer perception of the brand. […]
Marketing Concept | Crowd Logistics
Traditionally, the delivery of parcels is performed by a person/agent who is hired by a company on a contract basis or a regular employee. However, the concept of Crowd logistics or Crowdshipping is outsourcing delivery to a large & undefined group of people in the form of freelancing. For example, a person can make a delivery […]