Search results “Service product marketing difference”
Product Marketing Vs Service Marketing by Clara Carozza MAR3023
This is the video blog assignment for MAR3023 for Professor Goodrich
Views: 2880 Clara Carozza
Product Marketing Vs Service Marketing - MAR3023
Question: Is service marketing different from product marketing? Similarities and differences between both.
Views: 200 Migue Castaneda
The Difference Between Goods & Services
Subscribe to Alanis Business Academy on YouTube for updates on the latest videos: https://www.youtube.com/alanisbusinessacademy?sub_confirmation=1 Products consist of anything that provides value to consumers. Within the broad category of products,​ we place company offerings into two categories: goods and services. While goods present physical offerings, services share a different set of characteristics. In this video lecture, I discuss the difference between goods and services and also discuss the important characteristics of services.
Differences Between Products and Services
The main differences between products and services are as follows: 1. Products are tangible and services are intangible. 2. Products can be stored and services cannot be stored(perishable). 3. Services are variable for different consumers, products are not. 4. Services are inseparable from the service providers. These differences are discussed in this video. Source: Services Marketing. By, Christopher Lovelock.
Views: 4010 FST Study
Goods vs service marketing
Subject:Management Paper: Services Marketing
Views: 812 Vidya-mitra
Differences between Products and Services
Did you like this video? Please Share It. This Video is part of Strategic Marketing Course, for more info visit: http://www.theeducators.com/portfolio-items/marketing-course/ Course Summary: This marketing course is intended for those interested in a career in marketing either in a commercial or industrial company or in a non-profit organisation (such as a charity, trade association or government department) that undertakes marketing on an extensive scale. It is also aimed at those working or seeking to work in the associated organisations such as public relations consultancies, sales promotion companies and direct response marketing agencies. Main Topics Include: 1- Marketing Organisation The marketing department: structure: authority and responsibilities. 2- Specialised Marketing Industrial, business-to-business, export, international, global and corporate marketing. 3- The Role of Marketing Monitoring of external forces, Auditing as a part of marketing planning The creation of an internal plan Analysis of business activities (SWOT) ------------------------------- Producer: Tony Zohari URL: http://www.digitpro.co.uk
Views: 8674 DigitPro
Difference between goods and services
In this video I have explained differences between goods and services on the basis of following points: 1. Meaning 2. Types 3. Intangibility 4. Inconsistency 5. Inseparability 6. Inventory 7. Involvement 8. Ownership Watch the video to understand the topic in an easy way For more videos subscribe "SUPER COMMERCE" जाने CA के बारे में https://youtu.be/HoWuwbEybOI Meaning of accounting and what is accounting cycle https://youtu.be/4AfL9WC8HDA Accounting की history क्या है? https://youtu.be/yygRUXmVQ-k What are objectives of accounting https://youtu.be/w1fWa3xyWUM #goods #services #business #commerce
Views: 1269 Super commerce
What's the Difference Between Marketing a Product and a Service - There is None
What's the difference between marketing a product and a service? http://www.gotolaunchstreet.com/#intro If you are looking for the best ways to understand what's the difference between marketing a product and a service watch this video to learn the best ways to find what's the difference between marketing a product and a service. Then sign up for LaunchStreet for more in-depth blueprints. Mostly Daily vLog with Tamara Kleinberg. Shuukers in our community ask, and founder Tamara answers. Hard earned lessons about innovation and entrepreneurship. Raw. Uncut. Hey Tamara here! So I just got out of this meeting and I got this question. It drives me bonkers every single time I get it. I'm gonna share with you, I gotta vent a little bit. So I'm in this meeting about innovation and we're talking about the pipeline and they said to me well what's the difference though between products and service innovation? Because we're a service and we're very unique. Oh my god, here's the thing. It doesn't matter if you're a product or service, it's all the same. At the end of the day it is about, is there a human on the other end who is willing to open up their wallet and pay for what you've got. Is what you're providing, whether it's a widget or a service, something that you do, worthy of their money. Doesn't matter If it's their personal money or their corporate budget. Product and service, it's the same. Is what you do of value and is it worth money? So, if you're out there with a service going I can't learn from that, that's a product or if you're out there with a product saying I can't learn from that that's the service. Get over it. It's all the same. It's about providing meaningful value that someone will pay for.
Views: 72 LaunchStreet TV
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Views: 0 Gyan Post
Service Marketing VS Product Marketing
Service Marketing VS Product Marketing - Intro to Marketing
Views: 35 Emily Hueneke
Service Marketing vs. Product Marketing
Similarities: Marketing Mix Both focus on the customer Promotion - commercials, blogs, social media sites, word of mouth Distribution System Pricing System Differences: Product - tangible (ex. Crest toothpaste) Service - intangible (ex. Dentist Office) Service Marketing is different from Product Marketing - Perception of Quality
Views: 210 Joseph Francis
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Views: 3 Gyan Post
The Differences Between Products & Services - Marketing Advice
http://www.woltersworld.com When deciding on how to market your services you must first recognize the differences between products and services and these differences will influence your marketing, branding and business decisions. Filmed in Savannah, Georgia, USA Copyright Mark Wolters 2012
Views: 16795 Wolters World
Service Marketing VS Product Marketing  (MAR 3024 Marketing Fundamentals)
Daniel Fajardo Mar3024 Jonathan Goodrich
Views: 87 Daniel Fajardo
The Difference Between a Product and Service - How to Market a Service
http://smartmarketinggroup.com/timeblocks.htm Les: What is the obstacle you're running into most? Lorna: Well, I would love to hear your perspective on the difference between marketing a service and a product. Because you can return a product you can't return a service. Les: There's a thing that they both have in common, that most people forget. It's called the WIIFM factor. When you go out and buy something, why do you buy it? Lorna: I buy for several reasons, sometimes i Need the item, sometimes I have extra money, or something that I would love to have. Les: The reason I ask that question, is because most people's communications are selling features, not benefits. What WIIFM stands for is "What's in it for me?" And that is what most communicators fail at. Consumers are not interested in WHAT you're selling, but how are yuo going to make them more successful, richer, better looking etc. But if it is not focused on the benefits, it falls on deaf ears more often than not. And this goes the same with service, if I'm going to spend money on a service I want to know how is it going to make my job easier. When you talk about training, it is not something you can put your hands on physically, but it will enhance the value in life. Where ever there is a problem, there is an opportunity. Talk from the perspective of the audience you're trying to influence and that comes from training. You're in a business to teach them to be proactive, instead of reactive. There's a thing called the 4 rules of Smart Marketing and you're dealing mainly with the first rule. People are afraid of change, but change is constant. And if you don't change, you short change your life. You need to explain to people that "I'm going to teach you how to be open minded, I'm going to teach you have to be more acceptable of change. It's not so much product verses service, it's presentation. And the presentation isn't in a powerpoint, it is "Am I talking from the perspective of the audience?" And that is one of the biggest mistakes that I've seen over the last 5 decades. And you can ask your clients to list the benefits of why people will buy from you. Lorna: Well, I have done that and I've discovered that that is where they really do have a problem identifying the benefits. Then they all clam up and they believe that you if you speak of the features of this thing, they think you must be stupid if you can't see the benefits. Why are you asking me? You have the work in front of you to see the benefits. Les: Well there's an answer to that. In order for someone to grasp the message, you have to be redundant. Studies have shown that consumers have to see your message 17 times before it registers. Lorna: That many? Les: Yeah Lorna: Wow Les: Maybe even worse today with all the clutter that's out there. And that's the way I would come back to people. Hey, there are a lot of people out there that won't grasp the benefits as quickly as you "mr. genius" does. You have to make sure that is it your goal to show how smart you are, or is it to sell your product or service? One of the things I've learned over the years, if people are objecting you, ask them questions that you already know the questions to. It will make them think.
Views: 11136 SmartMarketingGroup
Difference Between Goods and service
1. service is an intangible process that cannot be weighed or measured. Good is a tangible output of a process that has physical dimensions.  2. When buying a service, the service ownership is not transferred to the end customer. Good ownership is transferred to the end customer. 3. Evaluation of good is simple and easy. Evaluation of service is Complicated. 4. In services involvement of customers is much more than in products. 5. In case of products, mass manufacturing is common. And mass manufacturing means uniformity. However, services involve a lot of manual labour due to which the quality may vary each time. 6. Goods can be returned. Services cannot be returned back once they are provided. 7. Goods can be stored for use in future or multiple use. Services cannot be stored. 8. Production and consumption of services happens at the same time. There is a time lag between production and consumption of goods.
Views: 12134 Patel Vidhu
Product Marketing VS Service Marketing
In this video you can find a brief summary on what are the similarities and differences between product marketing and service marketing.
Views: 55 Raudel Rivero
Difference between Service Marketing and Product Marketing
Blog for Marketing class 3023
Views: 38 Daniel Lisanti
Marketing Mix: Product Strategy
Product in the marketing mix or Product Marketing? Learn the difference and more in this video to build your marketing skills. * Differentiate between product and product marketing * Redefine product for the modern economy * Explain the components of product decisions * Make a case for leading with benefits * Identify the reasons products fail * Summarize support of quality product intros Watch the other videos in the playlist: https://www.youtube.com/playlist?list=PL6F365386C75BB026
Views: 21241 Soma Datta
Robert Merlano on service marketing vs. product marketing
Robert Merlano MAR3024 with Professor Jonathan Goodrich
Views: 19 Robert Merlano
Product Marketing Vs. Service Marketing
This is a video of me, Jamie Solomon, speaking about the similarities and differences between Product Marketing and Service Marketing.
Views: 27 Jamie Solomon
Difference between Product and Service based company (in Hindi) | IndiaUIUX
Product vs Services. Difference between Product and Service based company. Differences between Product and services. The Difference between Product and Service based company, Product based, Services based, Salary, what is the difference between Product based and Service based company, product company vs service company salary, examples of product based and service based companies, service based companies example, product based company means, service based companies in india About channel: Indiauiux is a Hindi Youtube Channel where you will find all information, tutorials, knowledge, tips, and trends about User Interface and User Experience Design in Hindi FACEBOOK LINK: https://www.facebook.com/indiauiux/ TWITTER LINK: https://twitter.com/indiauiux
Views: 10006 IndiaUIUX
Product Management vs Product Marketing
A simplified comparison of the roles: How they are interrelated; how they bring value; and why it might be time for your organization to have both.
Views: 1345 25|25 Marketing
The Marketing Mix - The product concept
On Facebook: https://www.facebook.com/365careers/ On the web: http://www.365careers.com/ On Twitter: https://twitter.com/365careers Subscribe to our channel: https://www.youtube.com/365careers This lesson on Marketing strategy introduces the first P of the Marketing mix - the product. Watch more at https://www.udemy.com/mba-in-a-box-business-lessons-from-a-ceo . This video is part of a series of short lessons about Business Strategy. The complete module can be found on Udemy, as a core part of the MBA in a Box course by CEO Valentina Bogdanova and 365 Careers. The course provides a complete Business Education: Business Strategy, Management, Marketing, Accounting, Decision Making & Negotiation in just under 10 hours. -------------------------------------------------- Marketing module table of contents: Marketing: An Introduction Introduction to Marketing What is Marketing's role? Who works in Marketing? Marketing's key processes Marketing: Building a Marketing Strategy What is a marketing plan? The psychology of customers - needs, wants, and demands Conducting marketing research The different stages of marketing research Collecting Primary Data for Marketing Research Performing client segmentation Choosing a target customer group Marketing: How to set up an effective Marketing Mix The four Ps of Marketing and their importance Marketing: How to set up an effective Marketing Mix - Product decisions The product concept Classifying a firm's products The typical product lifecycle Product branding Product packaging Marketing: How to set up an effective Marketing Mix - Pricing decisions The variables influencing product pricing The demand curve Performing break-even calculations Marketing: How to set up an effective Marketing Mix - Place decisions Setting up product distribution Types of distribution channels The advent of e-commerce Marketing: How to set up an effective Marketing Mix - Promotion decisions The essence of marketing promotion Creating a marketing campaign The importance of social media Marketing: How to set up an effective Marketing Mix - A dynamic concept The four Ps of Marketing - A dynamic concept Marketing: Marketing strategy in the long run Allocating the funds available for Marketing - The budgeting exercise Using KPIs to improve decision-making Short-term vs. Long-term marketing goals Interpreting and calculating the Customer-Lifetime-Value formula -------------------------------- There are two main types of products that can be offered to clients – goods and services. Whether we talk about goods or services, we can say, usually, people are not just buying a product that solves one of their basic needs. They acquire the benefits and satisfaction they believe they’ll obtain from the product. They are interested in symbols and ideas that help them relate the product to a desired lifestyle and positive expectations about the future. Customers do not simply buy products because they satisfy their needs. Instead, they are interested in becoming clients of firms that offer them a complete product concept – an idea or a promise, if you will. The best products make people happier and create a positive expectation before being consumed.
Views: 23793 365 Careers
Service Marketing vs Products Marketing-MAR3024
Service Marketing vs Products Marketing-MAR3024 presentation 2017
Views: 22 Charly Valle
Differences & Similarities Between Product & Services Marketing - Austin Kelley
Differences & Similarities Between Product & Services Marketing. Austin Kelley (3699074). FIU MAR 3023.
Views: 127 Austin Kelley
The real difference between marketing products vs Services  vs p
Not all marketing is the same. And within the discipline of marketing, various tactics and strategies come into play for prospecting, branding, content, development social marketing, video, events other channels. But how do these strategies and tactics vary when marketing a product vs marketing a service? A product is a tangible commodity whereas a service is an intangible one. When somebody purchases a product from you they instantly, or within reason get the product in their hands. Whereas with the service, they are buying your time they’re buying your expertise and they’re buying your confidence. Hence the reason why Marketing these two should be treated differently. In the video today we gonna be showcasing the real marketing difference between products and services. SHARE THIS ====================================================== Discover My EXACT ''4-Steps'' Blueprint That Made Me Over $183,472 Last Year... Without EVER Having to Sacrifice My Personal Life! This is a 30-Day Challenge That Is Packed With Practical Information On How To Rapidly Grow Your Business Online. To Learn More,Click Here Below: http://www.livelongdigital.com.au/opb ====================================================== FREE REPORT: How to Crush It Online Creating Your Own 6-7 Figure Business Using My Proven "4-Steps" Blueprint To Download Your FREE Report, Click Here Below: http://www.livelongdigital.com.au/report/ ====================================================== Connect with Prosper on social: [FACEBOOK] https://fb.com/livelongdigital [Instagram] https://www.instagram.com/ptaruvinga [LINKEDIN] http://www.livelongdigital.com.au/linkedin [Website]: http://www.livelongdigital.com.au ======================================================
Views: 36 Livelong Digital
Goods & Services.mov
Whiteboard handwritten Goods & Services.mov was created for "Change Labs"
Views: 58891 dotpixelhandwritten
The Seven Ps of the Marketing Mix:  Marketing Strategies
http://www.lifecycle-performance-pros.com Business Performance Expert and Performance Management Consultant Victor Holman illustrates the 7 Ps of the Marketing Mix and strategies for managing your marketing campaigns. marketing mix, marketing, marketing strategies, product marketing, people marketing, what is marketing mix, market segmentation, marketing mix example, marketing mix strategies, promotion marketing, market mix, product mix, market planning, marketing process, marketing mix examples. http://www.lifecycle-performance-pros.com
Views: 449839 Victor Holman
Customer Service Vs. Customer Experience
For detailed notes and links to resources mentioned in this video, visit http://patrickbetdavid.com/customer-service-vs-customer-experience Visit the official Valuetainment Store for gear: https://www.valuetainmentstore.com/ Customer service vs. customer experience; Do you know the difference? One of the best exercises for you to do is make a list of companies or businesses that you go back to over and over and over again, and ask yourself why. On the left, list five companies you return to again and again, and on the right write the reason for doing so. For instance, on the left write, "I go to this restaurant at least once a week" and on the right write, "I go there because _____________." The thing that goes into the blank is generally one of these six reasons. They will give you a lot of clues for your own business. #1: Fast - 0:38 #2: Quality - 0:49 #3: Cheap - 0:57 #4: Luxury - 1:10 #5: User Friendly - 1:23 #6: Customer Service - 1:38 Subscribe to the channel: http://www.youtube.com/valuetainment?... Valuetainment- The best channel for new, startup and established entrepreneurs. Schedule: New episodes every Tuesday and Thursday on a broad array of entrepreneurial topics.
Views: 646523 Valuetainment
How To Market New Products Or Services
Okay, so I’m gonna be upfront with you. I really don’t read a lot of marketing books. Sure, I devoured all the classics. Still, for the life of me I couldn’t name the latest and greatest marketing and advertising book topping the best-seller list. But you’re a marketing Wizard, you say. How can this be? Oh, no! I’ve been exposed as a fraud. I dunno. Maybe it’s the non-conformist in me. More likely than not, it’s because I want to know the root of an idea’s origins. I want to know WHY something works. So I’ve developed my persuasive prowess by studying neurology, psychology, biology, and the arts. That’s probably how I stumbled upon a little-known research book titled, Diffusion of Innovations by Everette M. Rogers. It’s a book every Marketing Wizard should read. And it definitely ranks as a classic. Diffusion of Innovations: http://www.amazon.com/Diffusion-Innovations-5th-Everett-Rogers/dp/0743222091/ref=sr_1_1?s=books&ie=UTF8&qid=1408307729&sr=1-1&keywords=diffusion+of+innovations Now, don’t get your undies in a bunch about the “innovations” part of the title. Yes, when Roger’s speaks of innovations, he’s referring to new products or services being introduced to the marketplace. But, the concepts found in his book provides any Marketing Wizard with a rock-solid blueprint for persuading customers to buy from you—even if what you’re selling has been around longer than Jerry Lewis. Is he still alive? Just look at all the dog-eared pages and highlights I made. Lots of good marketing mojo in this book for sure. Like this: “In developing a favorable or unfavorable attitude toward an innovation, an individual may mentally apply the new idea to his or her present or anticipated future situation before deciding whether or not to try it,” says Rogers. “This vicarious trial involves the ability to think hypothetically and counterfactually and to project into the future: What if I adopt this innovation? Forward planning is involved at the persuasion stage.” Helping your customers to imagine doing the thing that you want them to do. That’s what Rogers is talking about here. And that’s what you’re trying to make happen with your marketing as well. So let’s get knee deep into the five factors that influence the spread of new ideas and lead to widespread adoption: Number One: Relative Advantage - the degree to which an innovation is perceived to be better than the product or service it supersedes. Naturally, the greater the perceived relative advantage of an innovation, the more rapid its rate of adoption will be. Your goal here is to frame the buying conversation to favor you. Since we know that customers naturally contrast and compare the differences among their available options, you must make an apples-to-oranges comparison—rising above the competition to become the obvious choice. Now, logical, reason why marketing is important … but don’t forget to speak to your customer’s emotions. Tap into an emotional benefit that drives your customer’s desire—one that your customer is willing to pay for. Marketing and advertising that speaks to a dominant, driving emotion is much more powerful and persuasive than copy that makes a logical argument alone. Number Two: Compatibility - the degree to which an innovation is perceived to be consistent with existing values, past experiences and the needs of potential adopters. Products and services that are deemed less compatible or incompatible with the norms of a social system will not be adopted as rapidly as those that are. Please don’t expect your customers to adopt a new belief system. You can’t please all. Remember, only weasel brands try’n snuggle up to every customer in the marketplace. So find a group of customers with a social system that your products and services are compatible with. Number Three: Complexity - the degree to which which an innovation is perceived to be difficult to understand and use. Simplicity is a better way to think about this. Marketers have known for awhile now that uncertainty is the costly side-effect of overwhelming your customers with too much choice. Generally speaking, the more options customers have at their fingertips, the more indecisive they’ll become. And complexity often creates the desire for simplicity. Watch today's episode to learn more about how to market new products and services. Thanks a bunch for watching Wizard Marketing TV! My YouTube channel: http://www.youtube.com/tomwanek Consulting on my website: http://www.tomwanek.com/consulting
Views: 19303 Tom Wanek
Legal Product Development and Marketing: The difference between products, services and solutions
Productizing of legal services tips video series: Video 1 (Series of 6 videos) - Product: Build once, sell to many - Service: Build once for one - Solution: Take lots of pieces you (and others) have built and package it once Produced by Rob Kates, http://katesmedia.com/, https://www.youtube.com/user/katesmedia
Views: 23 H L
Are Services Marketing & Products Marketing the Same or Different?
This is a video blog discussing the similarities and differences between services marketing and products marketing, and my opinion on the two.
Views: 10 Kristen Ortega
The big difference between product & service.
itscarmenpucci Lunch conversations: product & service. Thank you for your questions😉 #ilovewhatido ... and so will you. 🎥@Pawelsokalski #itscarmenpucci✨
Views: 27 Carmen Pucci
What Is The Difference Between A Product And A Service?
Vtiger crm differences between services and goods higher ed. Key differences between services and products. I am trying to show below why the people, systems, layouts, assets, machines, marketing a product for example mobile car material and present concrete realistic service idea billboards strategic study 5 aug 2016 what's difference between service? And where do solutions fit? Well, these definitions should help you clear that up 28 oct 2011. Difference between marketing products & services service challenges point of view define and marketingprofs. Where goods are tangible in nature, services mostly intangible products and two closely aligned concepts, and, fact, most however, there is a distinct difference between them it important to what the product service? A good or item within vtiger which of physical form whereas service virtual i. Infosurv infosurv 6 key differences between marketing services and products url? Q webcache. Differences between product and services uk essays. I would like to stay that when it comes issues brand 8 may 2011 10 differences in marketing of products and services. 10 differences in marketing of products and of services. 21 apr 2016 while there is some overlap, there are six key differences between marketing services and products 27 oct 2015 the basic difference between goods and services is that when the buyer goods implies the tangible commodity or product, which can be in all contexts, not just software products and services are not discrete categories, but the ends of a continuum, because there are products with a high service 14 apr 2017 airlines on the other hand have airplanes which is a product but travelling by airplanes is a service (airlines are one of the most competitive service sectors today). Differences between services and goods higher ed. Thus the difference between goods and services is based on tangibility. What is the difference between marketing a product and products vssolutions optimising your business offering. E the assistance provided to customers on purchase of goods there are five essential differences between services and. They had an answer that was short and profound, 25 aug 2012 difference between products services while a product is concrete, service activity or process eg aircraft marketing can have many similarities as well differences. Difference between product and service slideshare. Key differences between services and products difference goods (with comparison chart what are the a 'product' 'service 7 how defining concepts vswhat is product service? . The difference between a product and service as told with. These fundamental differences require a different marketing approach and strategy in. The difference between a product and service how to market goods, products services springer. Intangibility also presents a problem for customers since, unlike with physical product, they 4 oct 2015 types of services the nature service providing process subject difference between p
Views: 262 new sparky
What is PRODUCT DIFFERENTIATION? What does PRODUCT DIFFERENTIATION mean? PRODUCT DIFFERENTIATION meaning - PRODUCT DIFFERENTIATION definition - PRODUCT DIFFERENTIATION explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. SUBSCRIBE to our Google Earth flights channel - https://www.youtube.com/channel/UC6UuCPh7GrXznZi0Hz2YQnQ In economics and marketing, product differentiation (or simply differentiation) is the process of distinguishing a product or service from others, to make it more attractive to a particular target market. This involves differentiating it from competitors' products as well as a firm's own products. The concept was proposed by Edward Chamberlin in his 1933 The Theory of Monopolistic Competition. Firms have different resource endowments that enable them to construct specific competitive advantages over competitors. Resource endowments allow firms to be different which reduces competition and makes it possible to reach new segments of the market. Thus, differentiation is the process of distinguishing the differences of a product or offering from others, to make it more attractive to a particular target market. Although research in a niche market may result in changing a product in order to improve differentiation, the changes themselves are not differentiation. Marketing or product differentiation is the process of describing the differences between products or services, or the resulting list of differences. This is done in order to demonstrate the unique aspects of a firm's product and create a sense of value. Marketing textbooks are firm on the point that any differentiation must be valued by buyers (a differentiation attempt that is not perceived does not count). The term unique selling proposition refers to advertising to communicate a product's differentiation. In economics, successful product differentiation leads to competitive advantage and is inconsistent with the conditions for perfect competition, which include the requirement that the products of competing firms should be perfect substitutes. There are three types of product differentiation: 1. Simple: based on a variety of characteristics. 2. Horizontal: based on a single characteristic but consumers are not clear on quality. 3. Vertical: based on a single characteristic and consumers are clear on its quality. The brand differences are usually minor; they can be merely a difference in packaging or an advertising theme. The physical product need not change, but it may. Differentiation is due to buyers perceiving a difference; hence, causes of differentiation may be functional aspects of the product or service, how it is distributed and marketed, or who buys it. The major sources of product differentiation are as follows. Differences in quality which are usually accompanied by differences in price. Differences in functional features or design. Ignorance of buyers regarding the essential characteristics and qualities of goods they are purchasing. Sales promotion activities of sellers and, in particular, advertising. Differences in availability (e.g. timing and location). The objective of differentiation is to develop a position that potential customers see as unique. The term is used frequently when dealing with freemium business models, in which businesses market a free and paid version of a given product. Given they target the same group of customers, it is imperative that free and paid versions be effectively differentiated. Differentiation primarily affects performance through reducing directness of competition: As the product becomes more different, categorization becomes more difficult and hence draws fewer comparisons with its competition. A successful product differentiation strategy will move your product from competing based primarily on price to competing on non-price factors (such as product characteristics, distribution strategy, or promotional variables). Most people would say that the implication of differentiation is the possibility of charging a price premium; however, this is a gross simplification. If customers value the firm's offer, they will be less sensitive to aspects of competing offers; price may not be one of these aspects. Differentiation makes customers in a given segment have a lower sensitivity to other features (non-price) of the product.
Views: 3924 The Audiopedia
3. Product Service Continuum [Goods & Services] | Classification Of A Product | Features Of Services
Basics Of Marketing : Management Studies; 3. Product Service Continuum [Goods & Services] | Classification Of A Product | Features Of Services; ~ Product Service Continuum [Goods & Services] - What is a Product? * Classifications of a Product a. Durable b. Non - durable c. Services - Pictorial presentation of Product Service Continuum - Difference between (Physical) Goods and Services - Characteristics of Services Video by Edupedia World (www.edupediaworld.com), Free Online Education; Download our App : https://goo.gl/1b6LBg Click here, https://www.youtube.com/playlist?list=PLJumA3phskPEQL4vkEA8979XpfcRfg3lp for more videos on Basics of Marketing; All Rights Reserved.
Views: 2268 Edupedia World
Product and service marketing
video blog with presentation
Views: 36 Jennifer Carpenter
Secret Formula of Sales and Marketing  | Consumer Behaviour  | Dr Vivek Bindra
In this video Dr Vivek Bindra explains about Consumer Behaviour. He explains in details about how a businessman can improve his sales by understanding the consumer behaviour. He shares different case studies in this video to explain about consumer behaviour. Watch this video till the end to know all the details. To Attend a 4 hour Power Packed “Extreme Motivation & Peak Performance” Seminar of BOUNCE BACK SERIES, Call at +919310144443 or Visit https://bouncebackseries.com/ To attend upcoming LEADERSHIP FUNNEL PROGRAM, Call at +919810544443 or Visit https://vivekbindra.com/upcoming-programs/leadership-funnel-by-vivek-bindra.php Watch the Leadership funnel Program Testimonial Video, here at https://youtu.be/xNUysc5b0uI Follow our Official Facebook Page at https://facebook.com/DailyMotivationByVivekBindra/ and get updates of recent happenings, events, seminars, blog articles and daily motivation.
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