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DIFFERENT FORMSOF MARKETING
EXPERIENTIALMARKETING Experientialmarketingisoneofthemostimportantforms ofmarketingthat, notjustfocusedonpromotingand marketingtheproducttotheaudiences, butalsoso focusedonengagingcustomerswiththecorevaluesand identityofthebrand. Thisformofmarketinghelps customersindirectlyinteractingwiththebrandtobuilda strongandmeaningfulrelationship.
ACCOUNT-BASEDMARKETING Account-basedmarketingisaformofmarketingin whichbusinessesoptfortheB2Bapproachof marketinginwhichbothsalesandmarketingteams worktoachievethetargetandtrytoturnthebest accountintocustomers.
PRODUCTMARKETING Productmarketingfocusesonlaunchingorbringingthe producttothemarketplace. Thisformofmarketingdeals withdecidingthemessagingandpositioningoftheproduct, ensuringsalespeople, launchingtheproduct, etc. Itfocuses ondrivingtheusageanddemandfortheproduct.
RELATIONSHIPMARKETING Relationshipmarketingfocusesonestablishingastrong customerrelationship. Italwaysdealswithlong-term customerengagementandloyaltyisthatofshortterm designerslikeindividualsales.
HIGH-TECHMARKETING Hi-Techmarketingisaformofmarketingoptedbyhigh- techcompanies. Inthisformofmarketing, companiesdo researchanddevelopmentandenhancetheircapabilityto stayaheadfromtheircompetitorsforachieving commercialsuccess. Thisformofmarketingisdesignedto targetorconnectwithcomplicatedbuyersbecausethey spendmoretimeinresearch, beforepurchasinghigh-tech products.
SERVICEMARKETING Servicemarketingisaformofmarketingthatfocuseson applyingdifferentstrategiesandpracticestoattract customersandunderstandtheirneedsforbuyingintangible products. Afterhavingtheideaofcustomer'srequirements, companiesfocusonfulfillingitaccordingly.
LOCALMARKETING Localmarketingisalsoknownasneighbourhoodmarketing orstoremarketingthattargetspeoplelivingwithina communitythroughphysicalstoresandrestaurants. The promotionalmessageandmotiveofthebusinessis communicatedwithinthelocalpopulationinsteadof targetingthemassmarket.
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