Marketing Flashcards
SWOT Analysis
This helps examines factors that are internal to an org. as well as external. Strengths, weakness, opportunities and threas
Examples of strengths
Support of stakeholders
repeat of a successful event
experienced team
Examples of weaknesses
lack of funds
undefined roles
volunteers responsible for critical tasks
Examples of Opportunities
little competition
favorable economic conditions
available of state of the art infrastructure
Examples of threats
lack of knowledge about new technologies
high labor rates
government regulations
Market Segmentation
this is a marketing strategy that starts with a broad target market and divides into groups of potential participants who have commonalities.
Marketing distribution channel
refers to how a business gets its products to the customers.
Marketing Channels
mail order catalogs, direct personal communication, websites, email and social media campaigns.
Advertisting
This should encourage action. It should have a call to action, event colors/logo, consistent messaging, short copy, contact info
Direct Marketing
This is any direct personal communication from the organization to potential customers by printed medium or electronic communication (email, social media, phone call, text message)
Email marketing
this is a great combination of direct marketing and online communication.
Implementation of Marketing Plan
this involves putting all the pieces together.
Steps to managing a marketing plan
- Conduct situational analysis
- Define target market segment
- select marketing distribution channels
- Implement marketing plan
How many weeks out for promotion for annual events
52 weeks
How many weeks out for news release #1 to trade publications and influential bloggers
40 weeks