Handout 5 Flashcards
is a management process responsible for identifying, anticipating, and satisfying customers’ requirements efficiently and profitably.
Marketing
is the process of defining exactly who the target market is, by monitoring consumer buying behavior across multiple platforms.
Audience profiling
These are the vital statistics of a specific population.
Demographics.
These are the personality traits of the target audience.
Psychographics.
Each stakeholder will have something they hope to attain by participating in the meeting, conference, or event.
Desired outcomes.
is a marketing term used to describe the development of consumer interests into products or services of a business.
Lead generation
What kind of event is being planned? What is being marketed or sold? What is the end benefit to the people who will attend the event?
Product
Where will the event take place? What is the location? Where is it being held?
Place
What are the best methods of communication to reach the intended audience? Event organizations typically use advertising
Promotion
What are the financial demographics of the target audience? What is the ideal ticket or registration pricing?
Price
Event marketing relies on the proper positioning of the product.
Positioning
“Five Ps.”
Product
Place
Promotion
Price
Positioning
In this case, it does not refer to the target audience, but rather to the team who will actually implement the marketing plan and produce the event.
People
This refers to the development of a marketing plan and careful examination of the effectiveness of the communication to the audience.
Process
By focusing on how the event fulfills the audience’s needs and why the consumer should want to be there, the event organizations have better success at gaining interest in the event.
Consumer