1.02 Understand career opportunities in marketing to make career decisions.

PROGRESS OF MARKETING Activities of marketing have changed & grown through the years Marketing was first only thought of with distributing a product/service Then it grew to include: Selling Promotion A variety of other business activities (all 7 functions!)

Identify types of businesses that offer careers in marketing. Marketing careers include all the activities required to plan, develop, promote & distribute goods/services to consumers. Almost all businesses have marketing careers; manufacturing, retail, wholesale, transportation services, community/social services, education, etc. Marketing knowledge and skill can be applied in many types of industries----- apparel, health care, financial services, manufacturing, travel and tourism, food services, sports, retailing, etc. Marketing jobs can be found in businesses located all over the world. In your community, all over the country, and internationally.

Marketing Careers vs. Medical Careers Marketing Careers are a lot like careers in medicine. Some doctors are general practitioners, while others specialize, such as surgeons. Marketers can also be generalists or specialists.

Some marketing jobs require the knowledge and skills of several marketing functions. (generalist) Examples: department store managers, marketing managers, and product managers. Other marketing jobs are based on one function. (specialists) real-estate agents focus on selling, while advertising agents focus on product promotion.

Marketing vs. Medicine Both Marketing and Medical Careers : Have many different areas to work in and good pay Require training and professional level skills Patients = Customers Marketing Concept applies to both

Explain why jobs in marketing provide career potential Marketing is one of the fastest growing fields with approximately one third of the U.S. population employed in some marketing-related occupation. It offers exciting opportunities for dynamic, creative people. The great thing about marketing is it is a function that is needed in every company in every industry, so career potential is unlimited. Careers in marketing are unlimited! They are very diverse and offer many possibilities.

Explain why jobs in marketing provide career potential (cont.) Marketing skills are useful in any career because they involve understanding business, as well as relating & communicating effectively with others. These are basic skills that employers expect from all levels of employees.

Explain why jobs in marketing provide career potential (cont.) About 33 million Americans earn a living in marketing – (that’s 1/3 of the US workforce!) Bureau of Labor Statistics projects employment in marketing & sales to be DOUBLE DIGIT! Above Average Income!

Career Areas in Marketing Marketing Research Advertising Product Management Distribution/Warehousing Sales Retailing Service Marketing Customer Service Public Relations

Marketing Research Look for what customers need why customers do what they do. Collect information about consumer attitudes, values, needs and demographics Research tools include Questionnaires Phone surveys Interviews

Advertising –Inform consumers about products, companies, and/or ideas. persuade consumers to buy their products over those of the competition. variety of media are used to communicate with consumers: Newspapers, magazines, billboards, catalogs, television, Internet, and radio.

Product Management use the information gathered by researchers and advertisers to “give life” to the final products create, test, and decide how a product will be packaged must be accomplished in a timely, cost-effective manner by directing and coordinating all aspects of the product

Distribution/Warehousing Otherwise known as Channel Management. Physically links products with consumers. Distributors plan and direct the transportation of final goods. Examples: The latest teen magazine getting to the local stores, CD’s going from the producer to the store shelves.

Distribution/Warehousing Continued Often, consumers do not want to buy items at the same time they are produced. Therefore these goods must be stored for future use. Warehousing jobs determine where to store goods, how to process orders, and how to fulfill customer service needs. Inventory control is also part of distribution.

Sales Salespeople are expected to understand customers’ needs and assist in marketing those needs. explain the benefits of products/services provide further information answer questions help customers set up accounts. Salespeople must be experts in the goods/services they sell and be able to develop long-term relationships with customers. Inside sales vs. Outside sales

Retailing Retail professionals provide products directly to the ultimate consumer. order, inspect, price, and track goods in the store and determine what needs to be ordered. measure profits and losses by observing and recording sales activity. develop intriguing merchandise displays to attract customers into their stores.

Service Marketing Services are acts that satisfy wants and needs. They are intangible items. You cannot hold, see, smell or take them with you after purchase. Most of us use service marketers everyday: hospitals, postal services, beauty salons, athletic clubs or gyms, hotels, airlines, bus rides, employment services and schools

Customer Service Customer service professionals provide the competitive edge that makes for a successful company. process orders respond to customer questions handle complaints and returns Customer service professionals work in many different areas of a company: sales, order processing, credit, marketing, or product/service development.

Public Relations Public relations professionals are the “advocates” for a company. build and maintain positive relationships with the public- including other businesses, employees, and people outside the company. Tasks include: anticipating problems, handling complaints, communicating with the media, and building a company’s image. Public relations professional must be able to speak and write clearly and persuasively.

Traits and skills needed for success in marketing careers People Skills Communication Skills Decision-making Skills Creativity People Knowledge Math Skills Technological Know How

Describe well-recognized traits and skills needed for success in marketing careers. People Skills- Show respect and interest in others, recognize and appreciate peoples differences. Communication Skills- The “center” of all marketing activities. Verbal- talking in meetings, phone conversations, sales presentations, and speeches. Non-verbal (body language)- gestures, facial expressions, tone of voice, distance from others. Written- letters, e-mails, reports, advertisements, press releases, and other materials Decision making skills-Marketers need to be independent thinkers who can solve problems and think fast on their feet. Examples of decision-making skills Determining what customers need, solving customers’ problems, and resolving complaints.

Creativity- It takes all levels of creativity to work in marketing Being able to use imagination and intellect to generate new ideas, create new products, new ways to transport materials, implement new sales programs, and construct consumer questionnaires Artistic creativity in designing advertisements and creating displays

People Knowledge- the “customer” is the foundation of marketing. From determining what makes consumers tick, to understanding their buying behavior, marketers need to know how people behave. You can gain some of this knowledge through studies in psychology and sociology.

It takes math skills to: used in different areas and all levels of marketing. It takes math skills to: calculate the amounts of orders, make change, handle expense accounts, determine costs, make purchases, track inventory, forecast sales, and analyze results.

Technological know-how- With the technology explosion, jobs in marketing require employees to understand how to use a computer. This includes basic keyboarding skills and working with a variety of computer software programs such as word processing, databases, and spreadsheets.

Let’s Take a Look at a Few Careers in Marketing…… From the BLS – Occupational Outlook Handbook Statistics Job Description

Quick Facts: Advertising Sales Agents 2010 Median Pay $45,350 per year $21.80 per hour Entry-Level Education High school diploma or equivalent Work Experience in a Related Occupation None On-the-job Training Moderate-term on-the-job training Number of Jobs, 2010 160,400 Job Outlook, 2010-20 13% (About as fast as average) Employment Change, 2010-20 20,900

What Advertising Sales Agents Do Advertising sales agents sell advertising space to businesses and individuals. They contact potential clients, make sales presentations, and maintain client accounts.

Quick Facts: Graphic Designers 2010 Median Pay $43,500 per year $20.92 per hour Entry-Level Education Bachelor’s degree Work Experience in a Related Occupation None On-the-job Training Number of Jobs, 2010 279,200 Job Outlook, 2010-20 13% (About as fast as average) Employment Change, 2010-20 37,300

What Graphic Designers Do Graphic designers create visual concepts, by hand or using computer software, to communicate ideas that inspire, inform, or captivate consumers. They help to make an organization recognizable by selecting color, images, or logo designs that represent a particular idea or identity to be used in advertising and promotions.  

Quick Facts: Customer Service Representatives 2010 Median Pay $30,460 per year $14.64 per hour Entry-Level Education High school diploma or equivalent Work Experience in a Related Occupation None On-the-job Training Short-term on-the-job training Number of Jobs, 2010 2,187,300 Job Outlook, 2010-20 15% (About as fast as average) Employment Change, 2010-20 338,400

What Customer Service Representatives Do Customer service representatives interact with customers on behalf of an organization. They provide information about products and services and respond to customer complaints. Some also take orders and process returns.

Quick Facts: Logisticians 2010 Median Pay $70,800 per year $34.04 per hour Entry-Level Education Bachelor’s degree Work Experience in a Related Occupation 1 to 5 years On-the-job Training None Number of Jobs, 2010 108,900 Job Outlook, 2010-20 26% (Faster than average) Employment Change, 2010-20 27,800

What Logisticians Do Logisticians analyze and coordinate an organization’s supply chain—the system that moves a product from supplier to consumer. They manage the entire life cycle of a product, which includes how a product is acquired, distributed, allocated, and delivered.

Quick Facts: Market Research Analysts 2010 Median Pay $60,570 per year $29.12 per hour Entry-Level Education Bachelor’s degree Work Experience in a Related Occupation None On-the-job Training Number of Jobs, 2010 282,700 Job Outlook, 2010-20 41% (Much faster than average) Employment Change, 2010-20 116,600

What Market Research Analysts Do Market research analysts study market conditions in local, regional, or national areas to examine potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price.

Quick Facts: Purchasing Managers, Buyers, and Purchasing Agents 2010 Median Pay $58,360 per year $28.06 per hour Entry-Level Education See How to Become One Work Experience in a Related Occupation On-the-job Training Number of Jobs, 2010 487,200 Job Outlook, 2010-20 7% (Slower than average) Employment Change, 2010-20 31,700

What Purchasing Managers, Buyers, and Purchasing Agents Do Purchasing managers, buyers, and purchasing agents buy products for organizations to use or resell. They evaluate suppliers, negotiate contracts, and review product quality.

Quick Facts: Sales Managers 2010 Median Pay $98,530 per year $47.37 per hour Entry-Level Education Bachelor’s degree Work Experience in a Related Occupation 1 to 5 years On-the-job Training None Number of Jobs, 2010 342,100 Job Outlook, 2010-20 12% (About as fast as average) Employment Change, 2010-20 40,100

What Sales Managers Do Sales managers direct organizations' sales teams. They set sales goals, analyze data, and develop training programs for the organization’s sales representatives.

Quick Facts: Advertising, Promotions, and Marketing Managers 2010 Median Pay $108,260 per year $52.05 per hour Entry-Level Education Bachelor’s degree Work Experience in a Related Occupation 1 to 5 years On-the-job Training None Number of Jobs, 2010 216,800 Job Outlook, 2010-20 14% (About as fast as average) Employment Change, 2010-20 29,400

What Advertising, Promotions, and Marketing Managers Do Advertising, promotions, and marketing managers plan programs to generate interest in a product or service. They work with art directors, sales agents, and financial staff members.

Quick Facts: Management Analysts 2010 Median Pay $78,160 per year $37.58 per hour Entry-Level Education Bachelor’s degree Work Experience in a Related Occupation 1 to 5 years On-the-job Training None Number of Jobs, 2010 718,800 Job Outlook, 2010-20 22% (Faster than average) Employment Change, 2010-20 157,200

What Management Analysts Do Management analysts, often called management consultants, propose ways to improve an organization's efficiency. They advise managers on how to make organizations more profitable through reduced costs and increased revenues.

Quick Facts: Sales Engineers 2010 Median Pay $87,390 per year $42.01 per hour Entry-Level Education Bachelor’s degree Work Experience in a Related Occupation None On-the-job Training Moderate-term on-the-job training Number of Jobs, 2010 66,400 Job Outlook, 2010-20 14% (About as fast as average) Employment Change, 2010-20 9,500

What Sales Engineers Do Sales engineers sell complex scientific and technological products or services to businesses. They must have extensive knowledge of the products’ parts and functions and must understand the scientific processes that make these products work.

Quick Facts: Public Relations Managers and Specialists 2010 Median Pay $57,550 per year $27.67 per hour Entry-Level Education Bachelor’s degree Work Experience in a Related Occupation See How to Become One On-the-job Training Number of Jobs, 2010 320,000 Job Outlook, 2010-20 21% (Faster than average) Employment Change, 2010-20

What Public Relations Managers and Specialists Do Public relations managers and specialists create and maintain a favorable public image for their employer or client. They write material for media releases, plan and direct public relations programs, and raise funds for their organizations.

How About Some Review Questions? Let’s see how you do….

What marketing career involves determining why customers do what they do? 1-Advertising 2-Distribution/Warehousing 3-Sales 4-Marketing research

What marketing career involves catching customers' attention, informing them of products and persuading them to buy? 1-Marketing research 2-Product management 3-Public relations 4-Advertising

Kwacky Kwackers needs a new package design for its crackers Kwacky Kwackers needs a new package design for its crackers.  What marketing professional would be responsible for creating the new package? 1-Marketing research 2-Product management 3-Advertising 4-Channel management

Center of all Marketing Activities Communication