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The Knowledge Action Network Programme Marketing Masterclass, Feb 2013

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Presentation on theme: "The Knowledge Action Network Programme Marketing Masterclass, Feb 2013"— Presentation transcript:

1 The Knowledge Action Network Programme Marketing Masterclass, Feb 2013
Manchester Metropolitan University Business School This project has been part funded by the European Regional Development Fund

2 Agenda 09:30 – 09:45 Session Overview
09:45 – 10:00 Thoughts on Marketing 10:00 – 10:15 Your Story 10:15 – 10:45 Pains and Gains 10:45 – 11:45 Value Proposition 11:45 – 12:30 Marketing Communications for you * what experiences can your customers share? Write some down... This project has been part funded by the European Regional Development Fund

3 Quick intro... Jeff McCarthy
Senior Lecturer, Marketing, Operations & Digital Business Business owner >6yrs CIM & IDDM Course Director (Prof. Qualifications & In-Company) Econsultancy trainer Contact: @jeffmclfc This project has been part funded by the European Regional Development Fund

4 Objectives for Today To think critically about your business
To genuinely understand your customers To communicate your value clearly To develop marketing communications that works for your organisation This project has been part funded by the European Regional Development Fund Image source: accessed

5 What is Marketing? Source: accessed This project has been part funded by the European Regional Development Fund

6 Marketing Brain Dump... Adjectives to describe marketing…
If marketing was a person – who would it be? If marketing was a car, what brand & model would it be? If marketing was a TV programme, what would it be? Source: accessed This project has been part funded by the European Regional Development Fund

7 Share Your Story What is your vision?
What are your Corporate Goals/Objectives? What is your story ? Share your 10 second pitch  Source: accessed This project has been part funded by the European Regional Development Fund

8 Start with the customer
Customer Pains Your Claims Customer Gains This project has been part funded by the European Regional Development Fund Image source: accessed

9 Understanding Your Value
Efficiency Value What value do we deliver to the customer? Which one of our customer’s problems are we helping to solve? Which customer needs are we satisfying? What bundles of products and services are we offering to each Cust. Segment? Built around: Accessibility Brand Cost reduction Convenience Customization Design Innovation Performance Risk reduction As maintained for each customer segment, through Acquisition & Retention – plus winback! Type of relationship expected? Are they established & integrated into business process? How costly are they? Activities outsourced/acquired. • Strategic alliances between non-competitors • Coopetition: strategic partnerships between competitors • Joint ventures to develop new businesses • Buyer-supplier relationships to assure reliable supplies What Key Activities do they perform? What Key Resources to they provide? Sales channels, distribution, comms. Customer groups represent separate segments if: • Their needs require and justify a distinct offer • They are reached through different Distribution Channels • They require different types of relationships • They have substantially different profitabilities • They are willing to pay for different aspects of the offer. Achieved through key resources. Production Problem Solving Platform / network Sales channels, distribution, comms. • Raising awareness • Communication, evaluation & delivery of Value Prop • Personalization of products and services • Post-purchase support Assets to deliver Value Proposition, Customer focus, channels, revenue streams Financial, Human, Intellectual, Physical. Built on your internal value chain. Cost driven or based on value creation? Fixed or variable cost? Related to value propositions. One-off or recurring revenues? E.g. License, subscription, rental/lease,. Fixed or dynamic pricing? Where are you adding and losing value for your customers? What data do you need to improve performance? This project has been part funded by the European Regional Development Fund Source: accessed

10 Complete Your Own Canvas
Efficiency Value Where are you adding and losing value for your customers? What data do you need to improve performance? Source: accessed

11 Why Might Customers Leave?
68% Perceived indifference 14% Unresolved issue = 82% you could do something about! Customer Friendly Processes Employee Commitment Ongoing Dialogue This project has been part funded by the European Regional Development Fund

12 Value Proposition Canvas
Copyright of Business Model Foundry GmbH This project has been part funded by the European Regional Development Fund

13 WHY? What are customers trying to get done? Task/emotional/social...
What pains may your customer face? Cost/time/performance/worries What benefits does your customer expect or anticipate? Source: Business Model Foundry GmbH This project has been part funded by the European Regional Development Fund

14 WHAT? How do you take away customer pain? What do you offer?
How do you add / create customer gains? Source: Business Model Foundry GmbH This project has been part funded by the European Regional Development Fund

15 Create Your Value Proposition
This project has been part funded by the European Regional Development Fund

16 The Science of Marketing...
Source: Altimeter Group, 2012 This project has been part funded by the European Regional Development Fund

17 Effective Communications
Source: Altimeter Group, 2012 This project has been part funded by the European Regional Development Fund

18 This project has been part funded by the European Regional Development Fund
Source: accessed

19 This project has been part funded by the European Regional Development Fund
Source: Lakeland Trails, accessed

20 Effective Communications
Populate this framework with your existing marketing communications / material Source: Altimeter Group, 2012 This project has been part funded by the European Regional Development Fund

21 Digital Reputation Management
How can you monitor your digital reputation? Googling your name, or your URL How can you manage your digital reputation? Submission Digital communities, blogs, RSS A digital PR service agency How does our client stack up? This project has been part funded by the European Regional Development Fund Image source: accessed

22 Useful Sites for Search Marketing
Google Agency Toolkit: Google Keyword Tool: Traffic Estimating: Google Trends: Alexa.com SEMRush.com: Yahoo Site Explorer alternatives:   This project has been part funded by the European Regional Development Fund

23 Recap Clearer on how you add value?
Different / better perspective on your customer? Feel you can clearly communicate your Value Proposition? Aware of which marketing communications may be effective? This project has been part funded by the European Regional Development Fund Image source: accessed

24 What will you do differently from tomorrow?
This project has been part funded by the European Regional Development Fund Image source: accessed


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