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Entrep Module 5
Entrep Module 5
Entrep Module 5
Branding
7Ps includes:
• Product
• Place
• Price
• Promotion
• People
• Packaging
• Positioning
1. Product – refers to any goods or services
that is produced to meet the consumers’
wants, tastes and preferences.
Types of goods:
a. Business goods
b. Consumer
Types of services:
c. Consumer services
d. Professional services
Comparison
between
Consumer
goods and
Business
goods
2. Place – it represents the location where the buyer and
seller exchange goods or services. It is also called as the
distribution channel.
• Physical store
• Virtual store
Techniques:
• Free gifts
• Free samples
• Free trial
• Customer contests
• Special pricing
5. Direct Marketing - is a promotional method that
involves presenting information about your
company, product, or service to your target
customer without the use of an advertising
middleman.
Forms:
• Brochure Phone calls
• Coupons Newsletters
• Catalogs Text messages
• Email Post cards
• Fliers
5. People - are the ultimate marketing strategy.
They sell and push the product. People are one of
the most important elements of the marketing
mix today
Functions of Packaging:
• Protection
• Containment
• Information
• Utility of use
• Promotion
7. Positioning - refers to a process used by
marketers to create an image in the minds of
a target market.
1. Purpose
a. Functional - focuses on the assessments of success in
terms of fast and profitable reasons
b. Intentional - focuses on fulfillment as it relates to
the capability to generate money and do well in the world.