I received the following question in an IMC course. What are your thoughts?
You are working at Johnson & Johnson and one of your responsibilities is to set prices for new drugs. The firm has invented a cure for Aids and is protected by patent. The cost for the one time injection that cures the disease is $100 and includes amortization of the development cost (The $1 billion cost to develop the product is included in the $100) and the cost raw materials. Assume that insurance companies currently spend $200,000 to treat an Aids patient. Assume 20% of the world population is covered by insurance or socialized medicine.
Part 1: What price do you charge for the treatment? Don’t try to quantify it. Just come up with a price you think would be fair. Defend your answer. Consider all your stakeholders. (Including your stock holders)
Part2: How would you maximize the positive or minimize the negative publicity.
Archive for the ‘Marketing Development’ Category
questions are as follows:
1-reasons for choosing the course.
2-The knowledge skills& position of reponsibilities,u hv obtained thru ur work/education(whether paid voluntary/domestic)which might be relevant to the course.
3-The work experiance and/or personal developments which have been most imp. to u.
4-The challanges facing in ur studies,work or personal career developments.
5-Ur future career plans.
If u can write this for me i will be very thankful to you.
When you have an online business you’ll need to be aware of the importance of online marketing. The amount and quality of your online marketing campaign will often have a direct relationship to the amount of sales. Anyone with a website must learn how important marketing is and the direct relationship between marketing and sales. Good marketing will help to bring more customers to your website. Using Internet marketing techniques will give you an advantage and will have the potential to improve sales greatly.
While you may understand that using online marketing is important you may be unaware of the various types of marketing that you can use. You’ll want to learn about these marketing techniques to find the best ones to use for your business. You may be familiar with Butterfly Marketing. Butterfly Marketing is a type of Internet marketing concept that has been developed by leading marketing specialist Mike Filsaime. Mike Filsaime is a renowned leader in marketing development and has experience providing proven strategies with excellent results. The concept of Butterfly Marketing takes some of the best strategies and combines them so that they can be used together for maximum results.
Look into various marketing techniques which you can use. Online marketing can be scary for those who don’t know anything about it. But actually online marketing uses concepts that are usually easy to understand. Take the time that you need to learn and understand how they work. It’s important to know that the marketing strategy and your website are compatible. Don’t worry if you don’t have technical skills – you can outsource someone to help with that end of things if need be.
When you review different types of online marketing you’ll learn a lot about the types of marketing that may work best for your site. One great marketing plan is called Butterfly Marketing. Butterfly Marketing was created by one of the leading experts in Internet marketing, Mike Filsaime. Mike Filsaime is renown for his marketing concepts that can bring your business into the stratosphere as far as sales are concerned. Butterfly Marketing is a viral marketing concept that uses the best of several proven marketing methods that are combined.
Keep a few things in mind as you choose a good marketing strategy. The most important thing to remember is to find a marketing plan that has ideas that you can easily use and implement. If you are not technically knowledgeable it may be helpful to hire a consultant to implement the plan for you. This can be well worth the money. Choose a program that works well for your type of business and look for proven strategies.
One of the best marketing plans to choose is one that is proven to increase traffic to the website and sales. Pick a program that has been developed by a marketing expert who is experienced and knowledgeable in providing excellent marketing strategies. You’ll want to learn more about Mike Filsaime and the Butterfly Marketing strategy.
Advertising is a form of communication that typically attempts to persuade potential customers to purchase or to consume more of a particular brand of product or service. “While now central to the contemporary global economy and the reproduction of global production networks, it is only quite recently that advertising has been more than a marginal influence on patterns of sales and production.
To find the advertising that is right for you can be a troublesome period of test and trial. Most importantly you need to find the form of advertising that brings profits to the business in the form of sales to balance out cost paid for the initial payment on your advertising campaign. The Website Advertising Agreement document is in traditional agreement form, and should be signed in hard copies by both parties to the agreement. The Website Advertising Terms document is designed for incorporation into a website, to be accepted by the applicant during an online application process.
For decades marketers have been spending more and more to try to get their message out only to find their pitches go down in a sea of noise generated by countless other marketers trying to do the same thing. In effect, companies have been paying big bucks to be ignored. Now, inspired by the Internet’s ability to do a better job of targeting prospects and measuring results, advertisers are dreaming up new ways to break through the clutter and connect with potential customers at a lower cost.
The new techniques are formerly finding their way onto streets and walls and even into clothing pockets around the world. Perhaps just five years from now, companies will be able to routinely and inexpensively embark on ad campaigns that hit exactly the right prospects with entertaining, hard-to-ignore messages that can follow people via new high-tech media into their cars, offices, living rooms, and bedrooms and the advertising revolution got started online.
Though the advertising revolution got started online, some of the new techniques are already finding their way onto streets and walls and even into clothing pockets around the world. Perhaps just five years from now, companies will be able to routinely and inexpensively embark on ad campaigns that hit exactly the right prospects with entertaining, hard-to-ignore messages that can follow people via new high-tech media into their cars, offices, living rooms, and bedrooms.
Most importantly you need to find the form of advertising that brings profits to the trade in the form of sales to balance out cost paid for the initial payment on your advertising campaign. The Website Advertising Agreement document is in customary accord form, and should be signed in hard copies by both parties to the agreement. The Website Advertising Terms document is calculated for incorporation into a website, to be accepted by the applicant during an online application process. To find the advertising that is right for you can be a troublesome period of test and trial.
With computers in nearly every home in the U.S. and abroad, online video marketing has become second nature for many. What better way to promote yourself in this day and age? With distribution software such as YouTube, you can let the world discover your talents. Can you sing? Dance? Act? Do stand-up comedy? Then online video marketing is the thing for you.
There are search engines on the internet for everything you can imagine and videos are no exception. Internet users can surf the web in their own homes for songs, television shows and catch that funny commercial everyone is talking about that he or she just happened to miss.
Whether you have written a song or just want to show the world you can sing, there are ways to market that talent online with a video. Talent reality shows do not always open the door soon enough for the average Jane or Joe to move to the head of the line so making your own video and marketing it could be a straight shot to the top.
The secret to online video marketing lies with it being directed at the internet user. Just as this article draws you in as speaking to “you”, then your video clip will do the same for the potential customer watching it. Just as a writer would hope to draw in a reader or a comedian or musician would dream of being discovered, consumers will become aware of your product or company in the same way
Perhaps this sounds a bit overwhelming to you. As a writer yourself, you know research is involved with bringing something to fruition, so research the many techniques available for online video marketing. Learn how to put together a video and you will soon be able to lead customers to your site like a shepherd herds his beloved sheep.
Two of the best ways to let someone know about your video are blogging and the video itself. Both are favorites used by home users all over the world and can get you known in a hurry. It takes no time at all to set up a blog and start letting people get to know you. Tell them about your video. Link the video to your blog and before long people will be watching a former unknown internet user show off wonderful comedic or musical talent.
It is always important to follow one’s dreams and in today’s internet world it is easier than ever to do so. Learning how to successfully market an online video will help you realize those dreams in a more accessible manner. Today’s economy has left some feeling discouraged but with every door that closes comes an open window of opportunity. Do something to capture that dream so you are not left wondering if you could have made it if you had really given it a shot.
Take a tour through some of the online video marketing techniques found on the web and you will be able to put together a video full of song or laughter before you know it. Go for the dream. You will not regret it.
I own a web business, I have been doing web development fo over 15 years. I do fairly well at it.
I want to start a separate off-shoot of the business for web design sparate from the local search directories I own in Atlanta.
I play around in here sometimes so I thought I would see if anyone might have any suggestions.
We all know that industrialized countries at a stage in their development have tended toward branding; it seems branding has a role in economic development.
Please let me know where on Internet I can find some academic/scientific information about branding and its role in industrialization/economic development.
Additionally I want to find references explaining the experience of developing countries (Korea, China,…) in this regard .
My boss asked me to come up with a number to do the following from home:
-Google AdWords
-Yahoo! Ads
-Constant Contact weekly newsletters and harvesting of new email addresses
-consultation on the development of our new website, plus the site maintenance (updates, promotions, etc.)
-contacting travel agencies/business to try to get group and corporate accounts
This is for a small hotel. What’s a fair monthly fee for all this work?
As an experienced marketing professional, I’ve seen a great deal of marketing campaigns initiated in virtually every marketing discipline known to man. Some marketing campaigns have been wildly successful while others have failed. I’ve often asked myself what the the difference has been between successful marketing campaigns and those that have been complete failures.
Internet Marketing continues to evolve each and every day. No matter how complicated marketing seems to become, basic marketing principles still apply. It’s pretty common for those considering new marketing initiatives to abandon some of the tried and true methods in exchange for anything that’s new and promising. A good example is the concept of social media. Everyone is jumping on the bandwagon, sometimes at the expense of proven marketing methods.
Know your audience. Successful campaigns get that way because marketers know their audience. They understand their needs, how to help meet those needs and how to create demand. Knowing and understanding your audience through proper segmentation means a well targeted campaign that generates a profitable return.
Create a compelling offer. A marketing offer is the driving force of marketing campaigns that drive results. In fact, testing has proven that the offer is the most significant element for conversion. Focus on your offer if you want to succeed.
Split testing. The concept of split testing is quite simple but surprisingly, few ever do it. When you split test a web page or direct marketing piece, you determine which version produces the better outcome. Each time you test a single element so that you continue to improve results over the long term. This is time and money well invested.
Build a marketing team. No matter how talented you are, building a marketing team is a great way to improve results. As you create new ideas, a marketing team can build on that idea, enhance it, and consider multiple options. Your team should be comprised of a diverse group of people who can add to each others ideas.
Stop providing coupons. Once you start issuing coupons, your customers are trained to expect a discount. Instead of lowering the value of what you have to offer, increase it. Find more ways to add value to what you’re selling. This allows you to maintain your price and avoid the bad habit of discounting. Premium pricing is a strategy that has improve the strength of brands significantly over the long term.
Use consistent messaging. Is your prospect hearing the same messages throughout the sales process? If the messages are inconsistent or contradictory, they’re likely to not sit well with buyers. Take yourself through the same process and same messages that your prospects are receiving to check message consistency.
Focus on after sale communication. Don’t drop off your prospects at the door of becoming a client. Once prospects become customers, your marketing needs to build on the relationship you have and continue to add value. By making this investment, you create a strong base of customers that can support your business for a very long time.
Keep testing. Testing is essential for the success of any marketing campaign. If you’re not continually testing your marketing campaigns, then you’re leaving money on the table. You should test everything from headlines and offers to landing pages and the timing of campaigns. This can only improve results and generate more sales.
Integrate your marketing. You should never rely on a single source of leads or customers. One way to avoid putting all your eggs in a single basket is to use multiple media types. If you are having success with pay per click ads, then consider classified newspaper advertising as well. When prices increase in one area, you can switch or rely more heavily on an alternative.
Nothing can replace experience. You can run out and hire all of the best consultants in the world, but you still have to do the work yourself. Nothing can replace actual experience. Having and using your own experience will make you a stronger marketer and more successful in the long run.
Consider these marketing tips before you begin your next campaign. If you want to be truly successful remember to keep things simple and apply what you already know works effectively. These techniques and tips are applied by successful marketers on a regular. The result is an ever growing success rate of effective marketing.
With marketing budgets facing significant reductions across the board, each dollar spent needs to do more. This is only possible when you think about your most effective marketing campaigns and scaling those activities to achieve true success. When times are difficult for marketing budgets, improving performance is a must.
What can you do with a reduced budget? There are quite a few techniques you can apply that are easy to implement and cost little or nothing. The key is to get viral. Have others do the selling for you. Here are a few suggestions for getting started.
Leverage all of your assets. As a business, are you leveraging every customer interaction you have? Whether it is on the phone, face-to-face, or over the Internet, how frequently do you use that opportunity to ask about other needs or pain points?
Make a conscious effort to ask for referrals. In many industries, referrals are the lifeblood of the business. Starting a referral campaign is easy and can be done simply by asking. You may also consider offering an incentive to individuals who pass along your name or encourage others to transact with your company.
The media is the message. Communication takes many forms. When sending bills or putting merchandise in a shopping bag, consider adding a flier or promotional offer that entices buyers to come back or visit you online. The key is to keep the dialogue going and provide customers incentives that keep them coming back.
Keep testing new things. Especially in tough times, it is very important to dedicate a portion of your budget toward trying new marketing methods or ideas. Even if it is just ten percent of your budget, all it takes is one success idea to have a significant impact on your lead flow or revenue.
Improving marketing results does not have to cost you money. In fact, some of the best, most successful marketing ideas were started with little or no money. Think viral. How can you leverage the assets you already have? By taking what you have and making it better or expanding it, your results will often scale. To many people stop short of fully riding out their marketing campaigns and enjoying the results they can achieve if only they persist.
Consider a free giveaway. A great place to leverage the power of free is with your website, store, or marketing communication. Ask yourself how you can attract more visitors or improve conversions. How can you acquire valuable information that will help you make a sale at that moment or at a later date. In today’s world, consumers understand that free doesn’t mean free. But consumers are often willing to provide a little information about themselves for something of value.
If you’re looking to succeed with a basic marketing plan, then youll need to focus on some core elements of a plan that targets the right audience and produces a result. For your marketing to be truly effective, you should consider using multiple media and a number of touches.
There is so much competition today that the messages you use need to be unique. The effectiveness of any marketing campaign is directly correlated to the quality of your list and offer. Before you even begin, think about your product and what motivates people to buy.
After years of trial and error, I have found that marketing results are relatively consistent when you apply the same techniques. These techniques apply to any industry and any type of campaign you may be running. Consider building your marketing campaign based on the following strategies:
Set targeted goals. Before you get started think about the specific goals you wish to achieve. Many marketers focus on generating some type of conversion but you need to define what conversion means to you. Some individuals are just looking for a sale while others are seeking a lead or download. Before you begin your marketing campaign, identify what action you want respondents to take and how you are going to measure it.
Focus on segmentation. Do not attempt to market to all segments. Choose a specific segment and focus your energies there. If you do, your campaign will be more successful. You can increase your chances of success tremendously when you focus on a specific market or niche. Review your current customer and find others like them if you wish to generate a positive ROI.
Identify key messages points. What are the messages that resonate with your audience? Have you used headlines or email subject lines that have performed extremely well in the past? If so, use them to create a baseline and try to improve in later campaigns. You need to speak in the language that resonates with your customers if you are going to grab their attention and gain their trust.
Test multiple offers. The only way to run a productive marketing campaign is by testing various offers. Your offer is a critical component for improving marketing results. Your best bet is to test multiple offers and measuring the result. Once you find and offer that works, try to beat its results during the next campaign.
Leverage an integrated marketing approach. Use more than one type of media if you wish to enhance your results. Do not settle for a single email, post card, or advertisement. Rather, discover the media that your segment uses to get their information and buy their products or services. This can help you determine the best way to reach them. Once you develop a campaign, utilize as many of these media types to convey your message and offer.
I’ve discovered that using these marketing techniques are essential for producing a positive return on your marketing investment. In addition, be aware of campaign timing. Even if all of the above criteria are met, your campaign may still fall short if you havent exposed your audience segment to the right message at the right time. It all comes down to timing.
Review each of these steps before creating your next marketing campaign. Your marketing is only going to be successful if you set specific goals, segment your market, use key messages that resonate with your audience and create a compelling offer. I encourage you to experiment with different media to get your message across and deliver a winning campaign.
Twitter is one of the social networking sites and is still new. You can post short tweets for your supporters or followers, stimulate their appetite for more, and send them to your latest blog post. Twitter is still a somewhat new social networking site, and there are still thousands of marketers who are not using it to its complete potential. Some are not using it at all. Twitter feed monitors your blogs RSS feed and then syndicated new entries to your feed openly and directly to your Twitter. From what I can see online, usage of the service is on the rise and growing quickly – so rapidly that their server cannot seem to keep up.
Websites like Del.icio.us, Digg, and Furl consent to users to share their individual or personal favorites (bookmarks) with others. Users mark/tag each bookmarked website with the keywords they think are most relevant. Websites who fail to control or leverage upon the occasion or phenomenon of social networking websites risk getting left behind.
Videos can triumph over those visitors who are just a little doubtful as to whether it actually works. Video communities like YouTube are a large supply of traffic. What the viewers lacks in buying intent /target, it makes up for in the capability to take your content viral.
Blogs are syndicated like television and radio, so people can discover/ find you from all over the world. I love that my blog markets me while I sleep and then when I write great articles they help to build my credibility. Blogs, forums, and social networking websites all allow you create a profile. Take advantage of this to let readers know more about you and most highly use your profile page to influence people to read more of your content. Blogging is one of the most vital marketing techniques to create or generate free traffic to your website. The keys to success are to post your messages often and add new friends.
Search Engine Optimization (SEO) is a free traffic from the search engines if your site has intelligent/smart design and is frequently updated content a correct linking strategy on site and off. A good SEO will constantly study their art. Search engine optimization, email campaigns, pay-per-clicks and banner ads. Search engines are making it more and more difficult to get high, ever lasting rankings. SEO seems to be getting really scientific
Blogs are immensely popular, and very effective. The content is often syndicated throughout the Internet, increasing the chances that your targeted traffic will see it and be drawn to your site
Before we reveal the secrets of the trades, here are myths and fallacies that need to be cleared before one indulges into building an opt-in list. These marketing misconceptions could pose an obstacle towards your achieving success from your business.
Not a lot of people use email
Email marketing is one of the most effective marketing methods because almost all people use email. Check on those email fields required to be filled on various forms needed in processing different transactions. A person without an email address is similar to a person without an online home, which is one big shameful truth for this generation.
Email marketing campaigns can offend a lot of people
The not-so secret way to surmount this dilemma is through permission-based advertising. There’s no harm in trying after asking for permission.
It’s stupid to send email to all the people
The key to this is having a very discerning eye on who to email and who to not email. Better look for some metrics on how to know which group of people would give you high ROI or return on investment.
The Real Deal with Building Opt-in List
After clearing the confusion regarding email marketing myths, here’s how one can benefit from employing the power of email marketing campaigns – building an opt-in list.
However, building an opt-in list is not simple…..particularly for the uninitiated. Here is a roundown of tips on how to succeed in this kind of marketing endeavor.
1. Strategic Collection of Data
Know your audience and which information from them will help you in lowering expenses and/or make sales flourish. Devise a tactic to make people voluntarily provide you with the information necessary to create higher conversion.
Getting a overload of data is not good. Ask only for opt-in, with their full name and email addresses. Make sure that the profiles that you gather are updated to aid in improving the relevance, timeliness and satisfaction from each deal you make.
2. Good Implementation
Remember the old saying – ‘action speaks louder than words’. This easily translates to the difficulty one has to undergo during the execution of his or her email marketing efforts. It’s a good thing that various methods, often low-cost, abound to hasten and facilitate the building up of one’s opt-in database.
Tracking your email marketing results can be challenging. Technology and relevant sources should be employed in making this aspect of your marketing more manageable. Your high traffic groups of opt-ins with the greatest results should be taken noted of.
The following are the most widely used methods to leverage channels without overspending:
1. Make use of websites.
It is an excellent tool for data collection and providing you with relevant info regarding your email offers. Use forms that solicit your visitor’s email address and consent.
2. Make use of print ads, brochures, TV, radio and direct mail.
These are the more popular ways of marketing aiming to lead traffic to one’s site. You may want to ask for signups for email services. Make your website more visible through these media. Offering free electronic newsletters and or rewards program can do well in making it easy to win the nod of your audiences, too.
3. Maximize your sales force.
Customer service associates can be helpful in making you benefit from your email correspondence. Sales people with proper education on how to aid you in this endeavor can very well contribute to higher ROI. Techniques like offering account updates and special programs through email can easily land you those lists of valuable visitors.
4. Don’t make your point of sale pointless.
Forms for signup located at cash registers and other high-traffic and highly visible spots can be very excellent ways for your business to collect email addresses. Notification of upcoming sales through their email addresses and names can coax them to supply you with the information you need.
5. Conferences or trade shows can work, too.
Giveaway offers or entries on sweepstakes are great for opt-in to volunteer their contact details.
These methods require caution and should focus on earning the trust of your opt-in list instead of simply collecting data for your sole own benefit. Always make sure that the forms that you will use and other methods that you will employ will not necessitate too much fuss to subscribe. This is for people to not be annoyed during the process of data supplication.
With that bunch of information, who can ever go wrong with the feat of building an opt-in list?
By now it should not be surprising for you to here that Google is helping average folks make substantial amount of money. If you are an aspiring Internet Entrepreneur you can take advantage of this service. Google can multiply your website traffic and make you money at the same time.
IF you already have a website, I suggest you do some free internet marketing first. This is a great way to jump start your website popularity and generate vast amount of traffic without spending money. Free marketing campaigns work in so many levels but the only down side to it is the amount of time it can take before you see results. Additional reason for doing free marketing is, if people Google you and your business they find more material that support you thus helping you build trust.
A smart Internet entrepreneur uses the sales made from the free marketing efforts to fuel the paid advertising. Once you reach that stage, first you should do a full check of your business website.
Make sure the website is free from errors and that all the links are working, sitemap contains common pages like the About page, the Contact page, and other significant pages found in online businesses. Sites are more likely to compete on Google if they look professional and have a Privacy Policy link and/or Terms of Service link. Also check if your site loads correctly in different browsers so that all the traffic you are paying for is seeing the site properly.
The next thing to check is if the site is properly optimized for search engines. Make sure that your site content has important keyword phrases that people may use as a search term in finding a business opportunity that matches your online businesss description. This is necessary in having organic traffic flowing in your site and also needed in the future when starting a Google Ad campaign.
If you don’t track where traffic is coming from and what words are used to get to your site it will be tough to know what is working as far as marketing goes so its best to use a tracking tool for all your marketing campaigns.
If you are a new Internet entrepreneur, you should start with one Google ad campaign to get the feel of things and see if it is working out for you. Google provides useful statistics on how your purchased keywords are performing. The statistics should always determine what you should do next.
Remember that paid advertising shouldnt be the only means of getting sales. Practice other marketing methods alongside your Google advertising and you should be seeing results much sooner. Keep your site updated as well to preserve or increase your search engine ranking. Having a blog in this case helps as you can easily update content whenever necessary. Make sure the content of your new pages and entries have the same keywords that you purchased over at Google to send searchers to those pages as well. In time you should be making more money than what you invested in. To see how you can HOTWIRE GOOGLE for cash make sure you follow the link in the resource box below