41. Marketing is Honestly a work of Assertion

Marketers tell stories that matter.

Great marketers always search for minds that believe a certain thing, that are seeking a problem to solve; that seeking something they desire; behave favourably towards something they value or act in a certain way towards things that matter to them.

Now Let's take a look at few examples:

For busy executives who like to stay organized, Palm Pilot is an electronic organizer for backing up files on PC more easily.

For consumers who desire to treat their pimples and acnes, Eva herbal soap is a bathing soap that helps in skin-healing, removal or pimples, acnes and spots....With Eva Help soap, you will have healthier skin

. For consumers that seeking fairer skin, Coco-pulp is a range of lightning care enriched with coco oil. Coco-pulp clarifies and lightens skins by erasing spots and preventing apparition. With Coco-pulp, your complexion will be more clearer, lightened, harmonious and incredibly unified.

The statements above are not chemistry solutions but the great work of marketers.

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19. What is a Market?

Traditionally, a “market” was a physical place where buyers and sellers gathered to buy and sell goods. Economists describe a market as a collection of buyers and sellers who transact over a particular product or product class (such as the housing market or the grain market). Five basic markets and their connecting flows are shown in below. Manufacturers go to resource markets (raw material markets, labor markets, money markets), buy resources and turn them into goods and services, and sell finished products to intermediaries, who sell them to consumers. Consumers sell their labor and receive money with which they pay for goods and services. The government collects tax revenues to buy goods from resource, manufacturer, and intermediary markets and uses these goods and services to provide public services. Each nation’s economy, and the global economy, consists of interacting sets of markets linked through exchange processes. Marketers view sellers as the industry and...

20. Kinds of Market

Consider the following key customer markets: consumer, business, global, and nonprofit. Consumer Markets: Companies selling mass consumer goods and services such as juices, cosmetics, athletic shoes, and air travel establish a strong brand image by developing a superior product or service, ensuring its availability, and backing it with engaging communications and reliable performance. Business Markets: Companies selling business goods and services often face well-informed professional buyers skilled at evaluating competitive offerings. Advertising and Web sites can play a role, but the sales force, the price, and the seller’s reputation may play a greater one. Global Markets: Companies in the global marketplace navigate cultural, language, legal, and political differences while deciding which countries to enter, how to enter each (as exporter, licenser, joint venture partner, contract manufacturer, or solo manufacturer), how to adapt product and service features to each country,...

25. Marketplaces, marketspaces and metamarkets

In this lesson we distinguish between a marketplace and a marketspace . The marketplace is physical, as when one goes shopping in a store; marketspace is digital, as when one goes shopping on the Internet. E-commerce—business transactions conducted on-line—has many advantages for both consumers and businesses, including convenience, savings, selection, personalization, and information. For example, on-line shopping is so convenient that 30 percent of the orders generated by the Web site of REI, a recreational equipment retailer, is logged from 10 P.M. to 7 A.M., sparing REI theexpense of keeping its stores open late or hiring customer service representatives. However, the e-commerce marketspace is also bringing pressure from consumers for lower prices and is threatening intermediaries such as travel agents, stockbrokers, insurance agents, and traditional retailers. To succeed in the on-line marketspace, marketers will need to reorganize and redefine themselves. The metamar...

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