Different Types of Marketing
A product or a service can be marketed to a target audience in many ways. Aside from the traditional way of marketing products (tv, radio, print ads), the Internet is now being used as a tool for marketing as well. Marketers are now finding more and more unique ways of reaching customers thus, giving birth to more types of marketing. There are probably more than a hundred types of marketing and here are just some of them (plus some examples):
Internet marketing is any marketing strategy that takes place online. It encompasses a variety of marketing forms like video advertisements, search engine marketing and e-mail marketing.
Dove Real Beauty Sketches
I stumbled upon this video a few months ago. It is an advertisement which Dove uploaded on video-sharing website, Youtube, which allowed users from the Internet to watch it on their computers. You can watch the video here.
Companies that want to reach a large number of potential customers can participate in public or private event. These are often a large investment to participate in, but these events allow companies to demonstrate new products and examine what is going on in the industry.
I was able to go to one of these SuperSale bazaars last December. Many shops take advantage of big events like this in order to be known and to sell their products to their target market.
It is the way in which companies promote their business through paid placement on search engines like Google. Instead of increasing the organic search results that a website has, companies will pay to have their advertisements in the sponsored section of search engines. This is also known as Pay Per Click Advertising or PPC.
Companies pay Google to put their websites as paid search results for words related to their company, like for this screencap, where "online shopping" was searched and online shopping websites like Zalora and Ayos Dito appeared as ads which seem to be a part of the search results.
Its main goal is to send a message directly to consumers, without having to use any third party outlets. Examples of this include mail marketing, telemarketing and direct selling. This is often preferable because the results can be easily measured, giving the marketer a better understanding of the success of that campaign.
Direct Selling (Mary Kay, Avon, etc.)
When a product or service is not being readily supplied to a certain portion of a market, a company can focus their efforts on that group to address a need that isn't currently being addressed. This targeted marketing is successful because the marketer has identified a need that isn't being resolved by mainstream providers. Sometimes it is beneficial for a company to focus on a group instead of trying to compete in a larger market.
This organization caters only to a certain portion of the market - pregnant women. They have identified pregnant women's needs like ultrasound and consultations and have decided to focus on catering to those special needs.
Drip marketing is the act of sending out scheduled targeted emails that are all coordinated to a specific goal of client conversion. The sender uses email marketing software that allows them to setup multiple emails at one time and let them “drip” over time. This sometimes includes phone calls to check in on the clients along the way.
I signed up in MTV's website a few years ago (to join a contest or vote somewhere, I can't really remember why) and I might have checked the option of receiving notifications and updates about MTV and VH1, which is a sister channel of MTV. Since then, I have been receiving emails about promos, new television shows, new music I can download, and other news related to their network. This emails I regularly receive are examples of MTV and VH1 applying the drip marketing strategy.
This provides a window to market a product or service on the Internet through different social networks. Companies can use these outlets for their marketing, customer service and sales. The most common and successful means of social media marketing are found on sites like Facebook, Twitter, LinkedIn, YouTube and even company blogs.
Many companies place ads on Facebook in order to promote their products and services to its users. Most of these ads also indicate users' friends who like the product, encouraging them to check out the product just as their friends did.
This relies on a company’s customers to refer new customers to that company. Also called word of mouth marketing, this is a more spontaneous way of receiving new business, and can not be solely relied on because results aren't very predictable. However, word of mouth is still a powerful part of a company’s efforts to bring in new business, especially in the social media community where communication travels freely.
Referrals on online forums
Many people visit online forums to ask other online users for recommendations for certain products or services. This is a good way of passing information about a company through word-of-mouth.
This is a common form of marketing strategy that companies use to motivate a consumer to make an immediate decision and purchase their product. There are a number of ways that businesses will promote a product or service, including holding contests to win a prize, offering coupons for purchasing a product at a discount, and having samples of the product so people can experience it before they purchase.
Walter Mart discount coupons
Giving grocery shoppers discount coupons encourages them to visit the supermarket (in this case, Walter Mart) again when they need to buy groceries because of the savings they will get through the coupons.
Head & Shoulders (Procter & Gamble)
Buy one, take one promos motivate customers to purchase the product because it allows them to buy two products for the price of one, leading to more savings.
Business to bussiness marketing is any type of business, whether an organization, individual, government or other institution that markets to other businesses involved in this type of marketing.
LBC and Palawan Express' partnership opened both companies to more customers.
Though they offer two different services and products, tRobinsons and MasterCard both attracted customers to their repective companies through their partnership.
Companies have been experimenting with the certain ways to reach consumers through their phones, especially with the rise of Apple’s iphone. Some ways to marketing a product or service through a mobile phone include SMS marketing, in-game marketing, banner marketing on different web pages and location based marketing.
Like other telecommunications companies, Globe applies mobile marketing, SMS marketing to be specific. Through text advisories being sent daily, Globe communicates their new promos and offerings to Globe users.
The goal of this type of marketing is to create a unique offer for each individual customer. This form of marketing doesn’t work for every company, but certain ones can capitalize on their unique products and customer demographics to market to individuals
Globe's Best Ever My Super Plan allows customers to customize their own plans, making it more personalized and convenient. This attracts customers because it gives them freedom to choose what they want when they avail of Globe's plans.
This is a type of marketing that entails increasing the demand at the wholesaler, retailer or distributor level and not the consumer.
Golden Fiesta, Milo, and Lucky Me
These are just some of the companies who apply trade marketing by distributing their products to supermarkets. They usually put up signs on supermarket shelves to catch the customers' attention.
There you have it. Those are just some of the many types of marketing companies use today. As you can see, these types of marketing are everywhere. Companies make sure that their products and services reach their target markets, which is why they apply many strategies. All of these strategies, whether simple or grand, big or small, should be appreciated because these did merely come out of nowhere; these are projects that underwent several processes - research, analysis, creative thinking - before being implemented by brilliant marketers.