professor chris gadomski hunter college spring 2008 l.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Professor Chris Gadomski Hunter College Spring 2008 PowerPoint Presentation
Download Presentation
Professor Chris Gadomski Hunter College Spring 2008

Loading in 2 Seconds...

play fullscreen
1 / 38

Professor Chris Gadomski Hunter College Spring 2008 - PowerPoint PPT Presentation


  • 104 Views
  • Uploaded on

Nonprofit and Social Marketing. Professor Chris Gadomski Hunter College Spring 2008. Thinking About You… and your customers. Value Proposition. Assess your core competencies Competitively superior Allign brand value with customer value What does Blue Ocean Strategy tell us?

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Professor Chris Gadomski Hunter College Spring 2008' - bena


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
professor chris gadomski hunter college spring 2008

Nonprofit and Social Marketing

Professor Chris GadomskiHunter CollegeSpring 2008

value proposition
Value Proposition
  • Assess your core competencies
  • Competitively superior
  • Allign brand value with customer value
  • What does Blue Ocean Strategy tell us?

Value Proposition—add value reduce costs

How can you sustain this?

jetblue values
JetBlue—values
  • Caring
  • Safety
  • Integrity
  • Fun
  • Passion
enron
Enron
  • Innovative
  • Rich
  • Connected
  • Competitive
  • Fast
  • Smartest People in the Room?
how clear is our message
How clear is our message?

Find a niche and fill it!

gaining insights
Gaining Insights

What are we selling?

What’s our brand?

Product or marketing oriented?

customer behavior steps in the buying decision process
Customer Behavior…Steps in the Buying Decision Process
  • Problem Recognition
  • Information search
  • Evaluation of alternatives
  • Purchase decision
  • Post purchase behavior
customer profitability
Customer Profitability
  • You want a lifetime stream of revenue
    • Best to catch them while they are young,
    • then build share of wallet,
    • ie., cross sell and up sell
  • Assess the value of your customers
    • Platinum—build these
    • Gold—not bad
    • Iron—needs work
    • Lead—lose them!!!
retaining customers
Retaining Customers
  • Acquiring new can cost 5X more than satisfying existing
  • Average company loses 10% a year
  • Reduce this by 5%, increase profits by 25 to 85%
  • Profitability increases over time
to retain customers build structured ties
To Retain Customers…build structured ties
  • Create long term contracts
  • Charge a lower price to consumers who by larger supplies
  • Turn the product into a service
    • Examples???
firing customers
Firing Customers
  • Who has been fired?
  • Who has fired a customer?
connecting with customers
Connecting With Customers

Are you product, sales or target audience oriented?

1) success comes to that organization that best determines the perceptions, needs, and wants of target markets, and

2) continually satisfies them through the design, communication, pricing, and delivery of appropriate and competitively viable value propositions.

Source: Andreasen & Kotler

target audience centeredness
Target Audience-Centeredness
  • To whom are we planning to market?
  • Where are they to be found and what are they like?
  • What are their current perceptions, needs and wants?
  • Will these change shortly?…or over time?
  • How satisfied are our target audiences with our value proposition?

Source: Andreasen & Kotler

to whom are we planning to market
To whom are we planning to market?
  • Think segmentation
    • Nike in China
      • Athletes
      • Yuppies
      • Students
      • Parents
      • Sport teams
      • The government
      • Peasants
      • Regional?
  • Think segmentation
    • Private school
      • Parents
      • Alumni
      • Local businesses
      • The wealthy
      • Special interests
      • The government
where are they to be found and what are they like
Where are they to be found and what are they like?
  • Nike In China
    • Major cities
    • On campus
    • At home
    • Provincial seats
    • Country side
    • Along the coast
    • In the factories
  • Private School
    • Parents at home
    • Alumnae are scattered
    • Businesses are local
    • Wealthy are ?
    • Special Interests
    • The government in Albany
current perceptions and will these change
Private School

A leader

A laggard

Special niche

Affiliations

Sponge worthy?

Nike in China

Expensive

Status

Comfortable

Prized

Professional

Cutting edge

Western

Sports leader

Cool?

Current Perceptionsand will these change?
value proposition20
A private school that is dedicated to the intellectual, spiritual, and moral development of young women encouraged to celebrate the richness of their diverse ethnic, socio-economic, and religious backgrounds

Nike in China was smart because it didn’t enter the market selling usefulness, but rather selling status representing “Western” culture at $100--twice the price of the competition.

Value Proposition
the difference
Value Proposition…

maximizing the perceived benefits and minimizing the perceived costs.

Source: Andreasen & Kotler

Unique Selling Proposition is a brief statement that clearly, concisely and compellingly states the unique strengths and vision that your company or product brings to the marketplace.

Source: Ralph Wilson

The difference
the swot analysis
The SWOT Analysis
  • Strengths
  • Weaknesses
  • Opportunities
  • Threats
nonprofit marketing challenges
Nonprofit Marketing Challenges
  • What target audiences do we wish to address?
    • What potential clients?
    • Donors
    • Volunteers
  • How do we position ourselves against the competition?
  • How will we organize our marketing?
core marketing strategy
core marketing strategy
  • Specific target markets--
    • choose one or two
  • Competitive positioning-
    • define it clearly
  • Key elements of the mix--
    • differentiate yourself from the competition
profit vs nonprofit
Profit vs. Nonprofit
  • Volunteers?
  • What potential target audience/clients?
    • Is there a difference?
  • Donors?
    • Non Donors, Impulsive, Habitual, Thoughtful
    • Lead, Silver, Gold, Platinum
jaguar united way
JaguarUnited Way
  • Target Market
  • Competitors
  • Positioning
  • Key Benefits
what is a marketing fault line
What is a marketing fault line?
  • That dangerous, unstable seam in the economy or our civilization where powerful and often destructive events, developments, innovations and savage competition meet and create market-shattering tremors
  • It is where opportunity beckons….
they are
They are:
  • Market Segmentation
  • Target marketing
  • Product Positioning
market segmentation
Market segmentation
  • Who are the various different groups, age, demographics, psychographic, geographic, cultural, etc. that might be interested in our product.
pick one
Pick One
  • Target Market
    • Select one or more of the customer segments previously identified.
    • Who is/are the low hanging fruit?
focus your message
Focus your message
  • Product positioning
    • Design the so-called “marketing mix elements”, including the marketing communications to fit the target market
the challenge
The challenge
  • Having identified the right segment and created the right marketing messages,
    • The challenge is deploying or exploiting the right media vehicle
this leads to
This leads to
  • Precision marketing
    • Pick the right customer
    • Deliver the right message
    • Through the right channel
    • At the right point in time
easier said than done
Easier Said Than Done
  • AMC’s Breaking Bad
    • Motorized wheelchair advertisements
    • Quite the disconnect…what proportion of viewers need motorized wheelchairs?
    • Other examples?
contextual advertising
Contextual Advertising
  • If content is king,
    • Then context is the emperor
    • For example:
      • Sponsored links on google/yahoo/msn
      • Sponsored links on gmail