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Is Target Marketing Ethical?

Is Target Marketing Ethical?

Marketing
One of the basics of all marketing and advertising training is a teaching of “Maslow’s needs pyramid”. Yes, many old-school salespeople (or go-getter small business entrepreneurs) are quite capable of drumming up business on their own, and may even have some tried-and-true marketing tactics up their sleeve – but few have the time, skill, or technological resources to effectively capitalize on the true potential of their market.

The marketing department creates awareness, builds engagement by creating information that will invite audience members to take action, and targets and tracks engagement by motivating audience members to provide contact information or initiate a free trial or consultation (converting them from a cold prospect to a known lead or potential buyer).

Those email newsletters you receive after becoming a customer somewhere are not random – they have a purpose and are often tailored to things you’ve viewed or expressed interest in. A sales team simply doesn’t have the insights, time, or often the resources to execute these types of strategic campaigns.

Marketing channels are also used by companies to reach their consumers. As a result, decisions are often made without the consultation of the marketing strategy, and that means they are not likely to be in alignment with the strategy. Especially for small companies, one thing or another can come up that gets the business owner off track, and unfortunately, when that happens, marketing tends to move to the back burner.

Maslow’s Marketing Filter

Marketing
A. Marketing merely reflects the needs and wants of customers. Other tactics that companies use to shape consumers needs and wants is to use celebrities or other famous people to sell their products. Marketers and salespeople work together to determine what consumers need and how to deliver it. Sales and marketing should motivate, inspire and feed one other.

Some companies do act unethical in their advertising, for example I have seen some ads on the internet especially where companies would advertise a product and make it very appealing to the consumer then at the very bottom is tiny fonts the word ‘restrictions apply’ they would hide the link that takes you to where the restrictions are listed.

For most small businesses, overcoming all of the obstacles that get in the way of creating and executing a sound marketing strategy is not really feasible. There are many chocolate producing companies whose target market is children. A wellness provider, for example, may offer a multitude of therapies, but instead of rhyming off that long list, which can be overwhelming and confusing, share the outcome of how your customers will feel after they’ve experienced your services.

Marketing With A Telephone

Marketing to specific groups of consumers, or target marketing, is one of the most important concepts in marketing. Now, none of what I have said above gives companies a free license to do whatever they want, especially when it comes to my one, very absolute exception: Marketing to children and those who cannot be held accountable for their actions. With so much … Read More..

Is Target Marketing Ethical?

Is Target Marketing Ethical?

Marketing
One of the basics of all marketing and advertising training is a teaching of “Maslow’s needs pyramid”. On the sales side, client retention refers more to the salesperson’s efforts to use the client relationship to continually check in with the client, attempt to engage them in further discussions about additional products or services they may be interested in, and seek referrals to the client’s friends and family members.

Companies also take advantage of world events or changes in the economy to come out with new products. Unfortunately, most people settle on mostly one phone-based marketing activity – cold calling. I’d like to present to you a way to use Maslow’s needs pyramid so that you can get inside the consumer’s mind and develop an understanding of what’s truly motivating them as they consider purchasing your product or service.

Instead of bothering strangers, connect with your existing customers or people who have indicated interest in your services or products. Especially in the early days it’s easy to underestimate the time required for certain actions or miss some important actions all together.

Most companies do a lot of research before releasing an advertisement in getting a feel of what the consumers really desire. Sales departments rely on marketing; marketing departments and strategies exist to feed sales (notice I didn’t say “make” sales). Without an in-house marketing team that is skilled and dedicated to marketing planning and execution, it is understandably difficult.

Maslow’s Marketing Filter

Marketing
No doubt if you are trying to progress on your journey to MLM success and you have been doing some training and some research then you will have discovered the importance of having a good MLM marketing plan in place. Without it, no strategy will be realized, which is why it’s crazy that so many companies create a business plan and then file it away in a binder on a dusty shelf. Nike teamed up with Michael Jordan to create marketing giant. Finally, distributing a pre-recorded message makes it possible to contact hundreds and thousands of people with just a fraction of the time it would take to make personal calls.

Provide as much structure as possible within each marketing plan. Split each marketing method out in to its own MLM marketing plan. They can sit around and discuss all the latest marketing tactics and even try to put them in place, but in the end, it’s all for naught if they don’t develop a solid strategy and execution steps to make it work for their business.

People with diabetes or consumers who are watching their weight are able to eat chocolate that is made without sugar. We should use marketing theory to inform our decisions and help us plan our strategy, and when we do that, our execution will be solid. Since different marketing tactics should be used for different customers, knowing this is essential, but too many companies guess at who their customer is rather than knowing them in depth.

Marketing With A Telephone

One of … Read More..