Tag Archives

Extended Relationship Marketing

In general Relationship marketing is company focusing on existing customer base and building long lasting relationships with them and merely trying …

Relationship Marketing vs Transactions Marketing

Relationship marketing is company focusing on existing customer base and building long lasting relationships with them and merely trying to attract new …

Buzz Marketing

Buzz marketing involves creating a trend among people through word of mouth to generate sales for a product. In other words, markets create a …

Advantages and Disadvantages of Viral Marketing

As discussed earlier viral marketing is a form of word of mouth marketing which is carried out using online means. (Click here for the Introduction to …

Viral Marketing

Viral marketing is a form of word of mouth marketing where it uses the online means to promote a product. In other words, viral marketing uses internet to …

Customer Relationship Management (CRM)

CRM can be defined as a frame work to identify, attract, satisfy and retain profitable customers by managing effective relationships  in order to achieve …

Introduction to Market Segmentation and Segment Bounding

Segmentation refers to “the identification of likeminded clusters of consumers who can be expected to behave in similar ways, making similar ways decisions …

Market Positioning

Product Position is defined as “the place the product occupies in consumer’s mind in relative to competing products”. Companies use product …

The Total Product Concept/ Product Levels

The Total product concept refers to the bundle of services offered by a product/service.  As an example for fitness equipment total product can be explained …

Why has the Role of Marketing Changed?

Many years ago marketers were practicing one to one marketing and they produced goods based on the specific requirements of the customers. With the …