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Friday, July 11, 2008

Types of Marketing

Undifferentiated marketing assumes everyone is the same and aims a particular product at everyone. Advantages: easy to plan, doesn't miss anyone. Disadvantages: can be wasteful, ignores segmentation, can lead to disappointing sales.

Differentiated marketing
aims the product at specific segments in the market. The company may be trying to sell exactly the same product to different segments but it will change its promotional methods and the image it creates. Advantages: separate mix can be developed for each segment, different markets can be easily identified. Disadvantages: Can be costly, message may by-pass some customers.

Concentrated marketing is when the message is aimed at just one small market. Advantages: Small firms can concentrate their marketing, allows a specific mix to be developed. Disadvantages: Ignores other areas of the market, can cause problems in future as may make it more difficult for company to expand

2 comments:

Andrew Lyn said...
This comment has been removed by the author.
Anonymous said...

Having a great store and even a decent Google rating really isn’t enough to allow you to quit your day job. You must have an email marketing campaign to really target your audience. If your store is new then you probably haven’t built up a big opt-in list.

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