Marketing Flashcards
What ARB standard does Marketing relate to?
- Standard 3 - ‘promote your services honestly and responsibly.’
Name 4 challenges of marketing
- architectural services are complex
- lack of trust from Client
- architectural services are expensive
- long sales cycle
Name 9 typical examples of marketing
- seminars
- research papers
- TV / radio
- email / newsletters
- exhibition stands
- advertising
- webpage
- printed brochure
- editorial cover in press
(Final 3 are most popular)
Name 3 marketing strategy aims
- attract new clients
- retain clients
- attract staff
How can a marketing strategy be implemented?
- change
- plan
- resource
- monitor
- maintain
How much percentage of profit does RIBA guidance say should be spent on marketing?
1 to 2 %
Name the benefits of networking and public relations
- Impress existing customers
- attract new clients
- improve staff morale
- make recruitment easier
- press release
- understanding audience
- promote services - BIM is key
RIBA benchmarking survey by Colander revealed what percentage of practices undertake speculative design work?
60%
RIBA benchmarking survey by Colander revealed what percentage of work is won by direct approach with no competitive process?
50%
RIBA benchmarking survey by Colander revealed what percentage of work is won through fee bids?
21%
RIBA benchmarking survey by Colander revealed what percentage of firms met Colander target of winning 50% of the work chased?
75%
RIBA benchmarking survey by Colander revealed what percentage of all new projects come from existing Clients?
43%
Name the benefits of networking and public relations
- Impress existing customers
- attract new clients
- improve staff morale
- make recruitment easier
- press release
- understanding audience
- promote services - BIM is key
RIBA benchmarking survey by Colander revealed what percentage of practices undertake speculative design work?
60%
RIBA benchmarking survey by Colander revealed what percentage of work is won by direct approach with no competitive process?
50%